Bitcoin transfer methods. | Bitcointalksearch.org

sgk

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Quote from: specgamer on March 07, 2015, 02:48:18 PM

Recently I've been trying to grow my bitcoins. What can I do with them once they're in my blockchain. Can I simply transfer on to a paypal?
Also if I kept my coins, will the value change once bitcoin overall changes? That means if bitcoin dropped, will the amount I've invested drop as well?
Thxx Wink

BTC

Bitcoins don't grow themselves. Just like any other form of money, you need to take wise decisions and invest carefully to make them grow.
Many people day-trade Bitcoins to make profit from price volatility. Some people also trade Bitcoins for promising alt-coins and then sell when alt-coin price increases.

But trading is only for people who know what they're doing and are ready to lose their Bitcoins if market goes the other way.
If you're not sure what all this means, you better just hold on to your Bitcoins for a prolonged time and see if it rises in price dramatically.

Yes, Bitcoin price is volatile. So if you have 1 Bitcoin, you will always have 1 Bitcoin, but its value in USD (or any other fiat currency) can change dramatically over time, either way.

erikalui

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Quote from: elephantas1 on March 08, 2015, 01:06:17 PM

why cant you just do it yourself on an exchange like bitstamp or other?

Yes, one can do them using exchangers as well but the fee charged is a lot and hence even I prefer exchanging my bitcoins with a trusted member instead of websites.

ikydesu

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Quote from: specgamer on March 07, 2015, 02:48:18 PM

Recently I've been trying to grow my bitcoins. What can I do with them once they're in my blockchain. Can I simply transfer on to a paypal?
Also if I kept my coins, will the value change once bitcoin overall changes? That means if bitcoin dropped, will the amount I've invested drop as well?
Thxx Wink

BTC

You just can move your coin to exchanger if you want to trade to fiat.
The price is moving time by time Roll Eyes

~iki

elephantas1

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Quote from: erikalui on March 08, 2015, 12:49:23 PM

You can transfer to Paypal but you need to find a trusted member who can do the exchange or you can invest it in a reliable site. In the latter case, the price does not matter as you will get the profit in bitcoins as well but yes, the amount you invested and the current rate will affect your profit earned.

why cant you just do it yourself on an exchange like bitstamp or other?

erikalui

legendary

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You can transfer to Paypal but you need to find a trusted member who can do the exchange or you can invest it in a reliable site. In the latter case, the price does not matter as you will get the profit in bitcoins as well but yes, the amount you invested and the current rate will affect your profit earned.

elephantas1

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Quote from: BitCoinDream on March 08, 2015, 06:57:56 AM

Quote from: mishax1 on March 08, 2015, 03:19:40 AM

A weird question coming from a user which "Date Registered: 17 September 2013, 23:21:02"

What were you doing all this time ? Roll Eyes

Purchased account. Otherwise it is impossible to have this kinda Q from a Sr. Member.

maybe he createed account, then he gave it to someone and now uses it again

Q7

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Quote from: specgamer on March 07, 2015, 02:48:18 PM

Recently I've been trying to grow my bitcoins. What can I do with them once they're in my blockchain. Can I simply transfer on to a paypal?
Also if I kept my coins, will the value change once bitcoin overall changes? That means if bitcoin dropped, will the amount I've invested drop as well?
Thxx Wink

BTC

You don't need to do anything with the coins once you receive it. The fact is the coins are not kept in the wallet. You are only controlling the private keys which is actually a series of codes that allows you to access the coin in the blockchain. And no, you can't transfer and store it in paypal. Unless you convert it to usd or any fiat currency. Finally, the value will change depending on the market price.

BitCoinDream

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The revolution will be digital

Quote from: mishax1 on March 08, 2015, 03:19:40 AM

A weird question coming from a user which "Date Registered: 17 September 2013, 23:21:02"

What were you doing all this time ? Roll Eyes

Purchased account. Otherwise it is impossible to have this kinda Q from a Sr. Member.

picolo

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Quote from: Amph on March 08, 2015, 04:25:18 AM

you can't send them directly to paypal, but i suggest to get them out from blockchain and transfer everything on a local wallet

second question, yes you lose money if btc price drop, but if you don't sell you can retrieve them at the next pump

He just loses fiat when the fiat goes up compared to Bitcoin but being in fiat is risky because the price of fiat in bitcoin can go down a lot at any time.

Mewtwo

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Quote from: bitcats on March 08, 2015, 04:06:38 AM

Quote from: ?? on ??

2. If you keep your bitcoin, your total bitcoin won't change but the value will ..

Could you please send me your private keys, .. just for checking the correctness of your statement Wink

Hahaha private key for withdraw all balance. How if i give you one private key can you change my balance?

Amph

legendary

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you can't send them directly to paypal, but i suggest to get them out from blockchain and transfer everything on a local wallet

second question, yes you lose money if btc price drop, but if you don't sell you can retrieve them at the next pump

bitcats

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Quote from: ?? on ??

2. If you keep your bitcoin, your total bitcoin won't change but the value will ..

Could you please send me your private keys, .. just for checking the correctness of your statement Wink

bitcats

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Quote from: mishax1 on March 08, 2015, 03:19:40 AM

A weird question coming from a user which "Date Registered: 17 September 2013, 23:21:02"

What were you doing all this time ? Roll Eyes

He must be affected with a high degree of intellectual independence Wink

mishax1

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A weird question coming from a user which "Date Registered: 17 September 2013, 23:21:02"

What were you doing all this time ? Roll Eyes

bitbaby

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Quote from: specgamer on March 07, 2015, 02:48:18 PM

Recently I've been trying to grow my bitcoins. What can I do with them once they're in my blockchain. Can I simply transfer on to a paypal?
Also if I kept my coins, will the value change once bitcoin overall changes? That means if bitcoin dropped, will the amount I've invested drop as well?
Thxx Wink

BTC

No, they can't be transferred to Paypal. If you want to do that you will have to find a trader who trades Paypal for Bitcoin but do understand that there have been frauds because Paypal is reversible and Bitcoin is not. So a trader might send you Paypal and later reverse the payment once he has received the Bitcoins from you.

The value of Bitcoin only comes in affect when you make a trade. For example if you purchase 1 Bitcoin for $250 and it drops to $200, your investment will only drop if you decide to sell it at that price. The amount of Bitcoin you have will remain the same if you don't sell it.

Herbert2020

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Quote from: specgamer on March 07, 2015, 02:48:18 PM

Recently I've been trying to grow my bitcoins. What can I do with them once they're in my blockchain. Can I simply transfer on to a paypal?
Also if I kept my coins, will the value change once bitcoin overall changes? That means if bitcoin dropped, will the amount I've invested drop as well?
Thxx Wink

BTC

if and when you are SURE that bitcoin price will be decreased, you can convert your bitcoins to dollar, on a trusted exchanger and then buy back again at the bottom.

funtotry

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Ever wanted to run your own casino? PM me for info

Never use paypal, interac-etransfer is great if you are in Canada, goes directly to your bank account very fast with minimal fees. I use quadrigacx.com and I only use them. Ditched paypal after being chargebacked a total of 3 times....

Hfleer

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Quote from: specgamer on March 07, 2015, 02:48:18 PM

Recently I've been trying to grow my bitcoins. What can I do with them once they're in my blockchain. Can I simply transfer on to a paypal?
Also if I kept my coins, will the value change once bitcoin overall changes? That means if bitcoin dropped, will the amount I've invested drop as well?
Thxx Wink

BTC

In your blockchain? Do you mean blockchain.info wallet?

There is no BTC-> PayPal transaction, but you could potentionally trade in person for USD there.

NUFCrichard

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Quote from: specgamer on March 07, 2015, 02:48:18 PM

Recently I've been trying to grow my bitcoins. What can I do with them once they're in my blockchain. Can I simply transfer on to a paypal?
Also if I kept my coins, will the value change once bitcoin overall changes? That means if bitcoin dropped, will the amount I've invested drop as well?
Thxx Wink

BTC

The amount that you have invested in bitcoin won't change, but the value of your investment will.

If you worry about the fluctuations, then it is probably best for you to send the coins to an exchange and get USD or your local currency instead. Holding is not for the faint hearted at the moment, the price has falled 70%+ in the last 16 months.
If you are happy to speculate, then just forget the $ value and be happy that crypocurrency usage is inevitable in the future, so the price of Bitcoin will very very probably rise in the long term

Buck Naked

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You cannot transfer to Paypal, you can use your bitcoin to buy stuff or you can sell it at an exchange.

Yes, the dollar/euro value of your bitcoins varies or time.

Topic: Bitcoin transfer methods. (Read 1519 times)