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Bravo cmdline ... That is indeed a great summary of how it basicly works....
I do know that some folks got super rich while others went belly up, but for the average guy/gal the security vs risk and anonymity I believe is worth the time to get a grip on this option ... The powers that be track their currency with a passion, this seem to bit a bit outside their zone...
Worth using those links cmdline provided and look into the future ...
Ice
Semper Fidelis
![[Image: SyAa0qj.png]](https://i.imgur.com/SyAa0qj.png)
USMC
Nemo me impune lacessit
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few things to note there are exchanges in Europe and other parts of the world where you dont even need to supply personal details,usually sms or phone number to get basic access to buy small amounts at first,so them ones are way to go if dont want provide personal details id's bill etc.
Also mentioned wallet should be independent open source,since many exchanges and other companies offer you wallet on their site,which is risky and also they can interrupt where you send btc,thus open source ones where coins aren't tied to any company is way to go.
and when said print all passphrases and passwords keep them extra secure and choose passwords long that are hard to crack,since that way no one will get into your account and
if in case lose pc you can always recreate your wallet which is quite handy function.
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Agreed, it seems to be worth the small fee. I've yet to set up an actual account, still learning as much as possible first. Posts like yours and CMD's are a huge help in navigating the brave new world. Good stuff, thanks for sharing
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Considering my luck on the stock market with how my 401(K) is doing, I am leery of BTC because, like many of you mentioned, the fluctuation rate. On the plus side, it seems like a relatively fast way to transfer money.
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Only buy what you need for the short term Batgirl. That way once you receive the amount you need for your transaction you can transfer to the vendor right away without issues. Just buy a few dollars more than you actually need for the transaction and you won't have to worry about a change in value. Seems to be what most people who don't have "money to burn" are doing. That's what I plan on doing when I do take the plunge.
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Denman66 gave good advice btc moves a lot,can do 100$ a day,but given if you buy small amount most fluctuation you risk is like 10$ of a thousand so relatively small amount, and as suggested buy amount you need plus few buck extra.once have it use is asap,since many speculate on it,but if using for transaction only its closest way to make transaction from home and instantly there is atm.
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I almost used bitcoin, and it was such a complete hassle to purchase (was taking days...), I gave up on it. Good thing, where I wanted to use them was a scam and I would have lost all my money. (This was pre-IOP days when I was all hot to trot to purchase from a scam site that would only take bitcoin.) As the saying goes "Buy bitcoins, lose bitcoins".)
But here's the thing: Bitcoin value has been crazy high right now. It is surpassing the value of the dollar, and almost as much as an ounce of gold. But a month or so ago bitcoin exceeded an ounce of gold. I am extrapolating that we all would have made a ton of money having the foresight to buy bitcoins six months ago, and we will not fare so well now. (And too bad you can't buy pizza with bitcoins).
