Thank-You Danny for the quick response. Man, I am loving this site already! People here move as quick as
BTCitcoin. Although that was some very helpful buying knowledge, I heard of these options(buying in person slipped my mind however), that still doesn't answer my question about buying due to the Stock Market being closed? I'm guessing it's like stocks how you purchase on say the weekend but then the price(market order) alters due to the order executing on the opening business day BUT! As I continuously checkout the home page of "Coinbase" -
https://coinbase.com/, I can see the price-per-
BTCitcoin changing as if the Market is open. Duh! I'm slow@times
It's not apart of the stock market but is on some type of exchange - I'm lost
**And I really need to educate myself on doing the math as you properly displayed - I seen "Michael Robinson"(Professional Investor - Voice of
BTCitcoin) do this type of math as he was demonstrating on how to sell
BTCitcoins. That is what gave me the thought that we could also buy how much we want oppose to a stock where as we would have to pay for the actual price-per-share.
Thank-You Danny 0nce again as you've been very helpful
There are not yet any form of bitcoins that are approved by the SEC for exchange on any regulated stock market in the U.S.
The only exchanges where you can buy bitcoins right now are small un-regualted, un-insured, exchanges that are run by individuals or private corporations and are not audited by any trusted third party. Therefore if you choose to transfer money to any of these exchanges, you do so at your own risk. Because today is a banking holiday throughout much of the world, you will find it difficult to transfer any money from your bank to exchanges such as BitStamp or BTC-E. However if you already have money at those exchanges (that you previously transferred), then you are able to make exchanges 24 hours a day, 7 days a week, all year long (unless the particular exchange you use is experiencing a problem the results in them choosing to halt exchanging).
Coinbase is more of a retail sales of bitcoin than an exchange. Exchanges simply facilitate the exchange of local currency and bitcoins between two parties and take an "exchange fee" for providing the service. When you get bitcoins from Coinbase, you are purchasing them directly from Coinbase (typically at a cost that is slightly higher than the exchange rate at the popular exchanges). When you convert bitcoins to your local currency at Coinbase, you are selling the bitcoins directly to Coinbase (typically at a price that is slightly lower than the exchange rate at popular exchanges).
Since bitcoins don't exist on the stock market, the rules of the stock market don't have a direct effect on bitcoins at all.