Hi guys,
So i have jumped on bitcoin ship today and opened account with coinbase with referral from OZbargain. And also bought $150 worth of bitcoin. In Australia, coinbase allow buy only and not sell of bitcoin. So how do people sell bitcoin bought on coinbase? Is there any workaround?
Thanks
Investment.
Investment
i don't think that word means what you think it means ;)
Hahahaha are you mad m8?
no..you're assuming I dont have any crypto
But its a gamble, and at best, a massively high risk speculative hunch
Yep, paid off this year, but for $150 worth, they arent going to be retiring on their 10x gains
you might want to look into btc markets or coinjar.
i thought the best way was through mining that you can set your PC to do but you have to weigh up the pros and cons of it all, from overheads to well how do you sell bitcoin.
good luck
The cost to run your computer outweighs any possible income from bitcoin mining these days.
There's special bitcoin mining machines that can be bought but they cost a fair bit, and will often cost more to replace with more powerful hardware as it becomes available.
Minir bitcoin is seen as a hobby to learn about bitcoin rather than making money from it.
If you have the best of the best gear it should be worth while to invest in mining while your at work?
You should do a lot of research before jumping into it. I looked at it but it's a lot of investment and very little return.
There's hardware called ANT Miner's and what not that supposedly mine much more efficiently, but you need to outlay for the hardware and setup. This hardware is then obsolete often before you've even made your money back on the hardware.
It was really only viable early on when bitcoins were easier to mine. You can work in pools with other people and split profits.
The way hackers mine now is to infect computers worldwide to run processes that mine from the unsuspecting victims, so it uses their electricity and hardware to mine for them.
Rather than paying for hardware and power; if you think bitcoin is going to be worth more in the future, you're better off just buying it. Trust me.
lol what $150 in BTC as an investment… ?
should of invested in something that is growing, ETH or NEM.
$150 when bitcoin came onto the market would have been the best investment
yeah way back when it was brand new to the market
how about now?
coinbase does not allow transaction valued more than $150 for new accounts per week.
When 1BTC = AU$10,000,000, the OP will be the one laughing ;)
How do you buy $150 worth of bitcoin, is it even possible to buy 0.05 of a bitcoin? or am I missing something?
yes that's the whole point, no need to buy whole values.
Ah that's sounds dodgy. So some company held 0.05 for you behalf. That is sounds like lottoland.
No, you're missunderstanding.
One bitcoin can be broken up into 100,000,000 "Satoshi's"
So you can buy 0.05 bitcoin (5,000,000 Satoshi), and store it in your own wallet.
Should have bought Zcash. If you bought yesterday, you'd have tripled your money.
Sell your BTC via coinjar.io or btcmarkets.net and similar Australian exchanges.
You have to verify your identity with them, then they'll dump AUD into your bank account.
jesus i should of held my ETH for another week.
would of tripped my money
I admit to be no expert in bitcoin or any other digital currency, but to me it looks very similar to "investing" on the roulette at the casino.
Infact I would consider the casino a safer "investment" as if I win I am sure I will get my money when I want to cash in my chips.
Make sure you use high leverage to maximize your profits, i suggest bitmex, 100x leverage.
maximize your profits or hugely inflate your losses
there, fixed that for you
But everyone who has never used or traded BTC that are jumping in now as an 'investment' need to get rich quick, so why not get rich quicker or die trying.
If i buy bitcoin from coinbase do i need to pay a usa currency conversion fee on my credit card, or is the whole transaction in aussie dollars?
No
Do you guys recommend coinbase?
Thinking on jumping in the bitcoin world with a few bucks just to see what happens.
No, you're not in the US, you can't use coinbase.
This is incorrect. You can use it to purchase coins but only using card (bank deposit no supported) and currently withdrawing AUD is also not supported. But you can use it to purchase coins using a credit card.
I stand corrected
LOL you guys still skeptics? 1 BTC = nearly 30K AUD
But the price has stagnated for over a week.
Yes nearly $30K AUD if you sell today otherwise it's paper profit.
I have made heaps of paper profit over my years investing. Unfortunately can't say the same about real profit
Why?