I'm waiting about another month to see how the market works out before I dip into stocks.
I've been watching this project for a year, but for some reason it just boomed.
Topic: Am I the only newbie just buying bitcoins? - page 3. (Read 2758 times)
Me. I'm not interested in mining. I have an nvidia GPU and mining will just get harder and harder as time goes on.
However I don't quite understand the trading fully. I hear it takes several days to get money into Mt. Gox to trade with due to the obscure middlemen they require, and the same goes for withdrawing.
However TradeHill.com seems good, but I don't know if it is worth it compaired to Mt. Gox considering the prices are currently lower on Gox versus Tradehill. And I don't know what the turnaround for them is. Not to mention, trade hill is a much much smaller market so I'm cautious to invest into something that'll take me a long time to buy and sell from due to scarcity. It's hard to tell when they aren't on the bitcoin market graph website and their website offers very little info on their actual trading numbers.
I just don't want to jump into signing up for all these services just to get money to trade with, only for it to take 5 days for everything to settle and me missing out on a good buying opportunity with cash stuck in my Mt. Gox account with no way of getting it out.
It's a shame no newbies here on the forum seem to be educated at all on the actual trading of Bitcoin since my thread and this one is the only one I've seen reguarding trading, and both have been completely ignored by countless threads on what hardware to buy.
However I don't quite understand the trading fully. I hear it takes several days to get money into Mt. Gox to trade with due to the obscure middlemen they require, and the same goes for withdrawing.
However TradeHill.com seems good, but I don't know if it is worth it compaired to Mt. Gox considering the prices are currently lower on Gox versus Tradehill. And I don't know what the turnaround for them is. Not to mention, trade hill is a much much smaller market so I'm cautious to invest into something that'll take me a long time to buy and sell from due to scarcity. It's hard to tell when they aren't on the bitcoin market graph website and their website offers very little info on their actual trading numbers.
I just don't want to jump into signing up for all these services just to get money to trade with, only for it to take 5 days for everything to settle and me missing out on a good buying opportunity with cash stuck in my Mt. Gox account with no way of getting it out.
It's a shame no newbies here on the forum seem to be educated at all on the actual trading of Bitcoin since my thread and this one is the only one I've seen reguarding trading, and both have been completely ignored by countless threads on what hardware to buy.
If I didn't have computer knowledge as far as how setups work, I would probably be in your boat right now.
I'm a Stock freak.
Right now is a GREAT time to stock up on current BTC.
I'm a Stock freak.
Right now is a GREAT time to stock up on current BTC.
Am I the only newbie right now JUST buying bitcoins and not jumping on the mining bandwagon?
Jump to: