why is it so hard to buy bitcoin - page 22.

Bagaji

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Quote from: calkob on November 08, 2016, 10:41:45 AM

I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on.

this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off. Huh

Well, am yet to see such restrictions in my country because the first bitcoin that i bought was so easy and i don't think such strict regulations exist in my country. Bitcoin local exchanger have their office almost every where that one can walk in and exchange bitcoin with your local currency or dollar value.

doomloop

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Quote from: chineseprancing on June 23, 2017, 07:57:30 AM

Buying bitcoin is not totally hard, they were only hesitates to buy because their price were so high. Also, they hesitates to buy because they were scared to lose our bet to Bitcoin.

yes you are right it is the main problem that everyone hesitates to buy bitcoin and it is because of the high price of bitcoin, now a days the price of bitcoin is such high that people hesitates to buying it, they are worried that the price will fall and they can loss their money.

bouren

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Quote from: TetraFugolini on June 23, 2017, 07:30:40 AM

Bitcoin is hard to buy, but believe me altcoins are even harder, there is lots of fees and if you don't trade a huge amount you lose a lot of money Sad

Are you sure because if I own bitcoin, it is a matter of seconds for me to convert them to altcoins from any exchange at the nominal fees of 0.2%.
And as far as buying bitcoin concerned, I could buy bitcoin in my country directly from Net Banking which hardly takes 5-10 minutes.

Rizky Aditya

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Quote from: chineseprancing on June 23, 2017, 07:57:30 AM

Buying bitcoin is not totally hard, they were only hesitates to buy because their price were so high. Also, they hesitates to buy because they were scared to lose our bet to Bitcoin.

well i think no one hesitate to buy bitcoin at this price but the whole problem is that its price is too much high the everyone cannot buy bitcoin at this price and i think there is no hesitation in buying bitcoin for those who can afford such a high price, they can freely buy bitcoin without any worry of losing their money.

just a man

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Quote from: TetraFugolini on June 23, 2017, 07:30:40 AM

Bitcoin is hard to buy, but believe me altcoins are even harder, there is lots of fees and if you don't trade a huge amount you lose a lot of money Sad

I kind of look at it the same as you do. Whenever there is a huge ICO that is about to get launched I am kind of curious how the new people who have no idea of what Bitcoin is invest into an ICO without the knowledge of Bitcoin exchanges and Altcoins.

chineseprancing

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Buying bitcoin is not totally hard, they were only hesitates to buy because their price were so high. Also, they hesitates to buy because they were scared to lose our bet to Bitcoin.

Barcode_

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Quote from: TetraFugolini on June 23, 2017, 07:30:40 AM

Bitcoin is hard to buy, but believe me altcoins are even harder, there is lots of fees and if you don't trade a huge amount you lose a lot of money Sad

Bitcoin is not that hard to purchase, there are a lot of ways to purchase it very easily online, it just depends on how much money is that person willing to invest into bitcoins, some peoples treat bitcoin as a safe assets and bought it for long term investment, with the hopes of bitcoin value skyrocketing in a few years time.

TetraFugolini

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Bitcoin is hard to buy, but believe me altcoins are even harder, there is lots of fees and if you don't trade a huge amount you lose a lot of money Sad

DrGuns4Hands

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I guess bitcoin is not meant to be bought. it is meant to be earned by working hard those people buying bitcoin are the rich ones where they currently buying a lot of bitcoins to earn a lot of money in near future. bitcoin price currently rising without hesitation. that's why bitcoin is really great because they have a lot of good benefits on the user

GG_monster

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For me, it's difficult to buy bitcoin just because of its too high price, but it can be earned.

BarbieCasino

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Quote from: Dontme on June 22, 2017, 07:36:20 AM

It is because of bitcoin high price but it is so hard now to buy even it is so high because some seller need a lot of many identities especially ID's they are not going to accept a buyer who is disguised identity because they are going to protect their selves from scammers to track them when they made criminality agains bitcoin law.

yes you are right bircoin price very high because evwry one demoand for bitcoin and now a day every one use bitcoin and earn bitcoin for future. bitcoin is so hard to buy because its protect bitcoin from crime and money laundring.

megynacuna

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Quote from: John Wick on June 21, 2017, 03:15:52 PM

Quote from: Chin Cheng on June 21, 2017, 02:46:27 PM

Quote from: iyan33 on June 21, 2017, 11:57:05 AM

Probably because of the current high bitcoin price factor so that to buy it would require a wiser consideration again.and I will try to hold bitcoin i have as a passive investment for future

The major reason for these sort of verification is mainly because to counter illegal funds,credit card frauds and hacked funds and so is the reason every online services that deals with money is taking it serious to avoid serious issues as they do not want to lose money and if there is a legal proceeding they can very well provide the details which would help them track the criminals.

Yes this is neccessary in order to fight money laundering, financial crime and terrorism funding actions. A control over its transactions is neccessaryly needed to maintain economical peace.

Well but how effective are these verifications and checks because no matter how tough the authorities get these deviants are able to sail through to find their illegal activities, there are major fiats like the USD that are being used b gangs and bad people on a daily basis despite all the checks so instead of making it difficult for newbies to get bitcoins they should rather think of better feasible measures to curb illegal usage of currencies in the world not just cryptocurrencies.

ASHLIUSZ

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Quote from: 2girls on June 22, 2017, 07:20:18 AM

Quote from: iyan33 on June 21, 2017, 11:57:05 AM

Probably because of the current high bitcoin price factor so that to buy it would require a wiser consideration again.and I will try to hold bitcoin i have as a passive investment for future

The price is not going to go much lower and will continue to increase over time, so there is nothing being lost here other than the ability to make money and your time.

As quote price is going to increase high profiting the users who have invested into bitcoin. Also the buying of bitcoin is not at all a hard task, because the increased number of bitcoin exchanges help with the convenient way of buying starting from face to face buying to card and e-wallet transactions. Only the price increase has made certain group of people think owning a single bitcoin a dream.

Dontme

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It is because of bitcoin high price but it is so hard now to buy even it is so high because some seller need a lot of many identities especially ID's they are not going to accept a buyer who is disguised identity because they are going to protect their selves from scammers to track them when they made criminality agains bitcoin law.

2girls

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Quote from: iyan33 on June 21, 2017, 11:57:05 AM

Probably because of the current high bitcoin price factor so that to buy it would require a wiser consideration again.and I will try to hold bitcoin i have as a passive investment for future

The price is not going to go much lower and will continue to increase over time, so there is nothing being lost here other than the ability to make money and your time.

taxmanmt5

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In the time that it takes to write this reply I could have bought Bitcoin three times. It is not hard, it is not hard at all. There are numerous sites that require ID and info and there are even more sites that do not. Provided that you are buying Bitcoin with the intention of investing or purchasing and that you intent to report all gains from the purchase of a commodity, then you are not even breaking the law. Get over it and just do it.

Fatanut

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Quote from: YOYOY on June 21, 2017, 11:17:56 AM

If at your time it's hard to buy bitcoin, well right now it is much harder than it was with regards to it's current price it is so rare to find any bitcoin that has low price. And there's a lot of scammers nowadays that they offer low price of bitcoin but the next time you try to reach them, they're gone just like bubble, that's how bitcoin hard in this year, so you really also have to work hard to buy for it or own some.

That's why you use an exchange instead of looking for a guy that will give you "discounts" on bitcoin. There's no reason for him to give you discounts at all since he can sell his bitcoins on current price using exchanges. It will take lesser effort as well. People always look for discounts and most of them gets scammed.

You should look for a reputable member here if you're not able to use exchanges in your country. A lot of them are here and even though they require that you send money first, it doesn't matter since they are not going to ruin their trust just for a small amount of money. They will earn much more in the long run if they continue being a trusted seller of bitcoins.

John Wick

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Quote from: Chin Cheng on June 21, 2017, 02:46:27 PM

Quote from: iyan33 on June 21, 2017, 11:57:05 AM

Probably because of the current high bitcoin price factor so that to buy it would require a wiser consideration again.and I will try to hold bitcoin i have as a passive investment for future

The major reason for these sort of verification is mainly because to counter illegal funds,credit card frauds and hacked funds and so is the reason every online services that deals with money is taking it serious to avoid serious issues as they do not want to lose money and if there is a legal proceeding they can very well provide the details which would help them track the criminals.

Yes this is neccessary in order to fight money laundering, financial crime and terrorism funding actions. A control over its transactions is neccessaryly needed to maintain economical peace.

Chin Cheng

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Quote from: iyan33 on June 21, 2017, 11:57:05 AM

Probably because of the current high bitcoin price factor so that to buy it would require a wiser consideration again.and I will try to hold bitcoin i have as a passive investment for future

The major reason for these sort of verification is mainly because to counter illegal funds,credit card frauds and hacked funds and so is the reason every online services that deals with money is taking it serious to avoid serious issues as they do not want to lose money and if there is a legal proceeding they can very well provide the details which would help them track the criminals.

roadbits

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Quote from: YOYOY on June 21, 2017, 11:17:56 AM

If at your time it's hard to buy bitcoin, well right now it is much harder than it was with regards to it's current price it is so rare to find any bitcoin that has low price. And there's a lot of scammers nowadays that they offer low price of bitcoin but the next time you try to reach them, they're gone just like bubble, that's how bitcoin hard in this year, so you really also have to work hard to buy for it or own some.

The price of the bitcoin is one major problem why people are not buying bitcoins. And why you buy bitcoins with the 3rd person there are so many trusted sites are available, and they sell bitcoins and they buy bitcoins you can use this service and do trading. Don't ever trust any 3rd person in this matter. They will cheat you quickly. After you lose your money, it is impossible to get back your money.

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