why is it so hard to buy bitcoin - page 28.

dearbesz1219

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Quote from: calkob on November 08, 2016, 11:41:45 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

Buying bitcoin is not that hard to do it. As far as I know, getting photos together holding your ID card was normal, it is for the security of your account just in case there's a problem they can protect your account. Therefore , their restriction was just kind of a normal because it is their rules and policies which you need to follow or else you can try in some other exchange to buy some bitcoin.

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There's a lot of bitcoin sellers outside of this forum, you can visit and start browsing those popular and well trusted exchangers like coinbase and localbitcoins. If you want to stick buying here in the forum, there's a list of most trusted and have high green trust escrows.

CoinFoxs

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Quote from: Gerlysheyn on March 08, 2017, 10:17:05 PM

It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...

You can't hand cash to someone because bitcoin forum is full of scammers you don't trust anyone because of scamming cases so you need an honest escrow if you want to buy bitcoin.

thunderbitz2717

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Quote from: calkob on November 08, 2016, 11:41:45 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

Taking photo and verifying I'd is very normal requirements for exchange sites. But asking 4 different forms of ID that's too much I think. You can try bittrex, or Poloniex exchange if You want other trading platform.😃

pyata4ok

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Quote from: gandame on March 09, 2017, 05:07:34 PM

It's so hard for other people to buy bitcoin they have no better information regarding it's importance, and they are resistive against it. Negative impression lingers most on their minds in times being troubled of price changes in the market and they also think it was been manipulated by somebody, which rhe truth is not and it's actually the actual result of supply and demand.

In place of newcomers, I would generally refuse to sell bitcoin and keep everything on my wallet. This will be beneficial in terms of increasing the price in the future and during this time knowledge in the bitcoin field will increase. Then everything will be easier and less risky

gandame

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It's so hard for other people to buy bitcoin they have no better information regarding it's importance, and they are resistive against it. Negative impression lingers most on their minds in times being troubled of price changes in the market and they also think it was been manipulated by somebody, which rhe truth is not and it's actually the actual result of supply and demand.

Henkkaa

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The answer is rather obvious. Almost every single payment method ( except bitcoin and cash ) are reversible. That money can be stolen or charged back, where as bitcoin is superior compared to those. It really is worth the premium, given the upward trend in price and the security and anonymity it provides when buying and selling stuff online.

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Quote from: CoinFoxs on March 09, 2017, 02:56:59 PM

Quote from: Hannu on March 09, 2017, 11:19:59 AM

Because i don't have money prize is too high, 1 BTC is even over my monthly income. Its better to invest on altcoins mining

Exactly, due to the high price of bitcoin it is very difficult to buy bitcoins for trading purpose. And trading of altcoins is the best option, you can invest small amount and you have a chance to get double profit it depends on which altcoin you choose for.trading.

The main reason is the price of Bitcoin is so high, and it is tough to buy 1 BTC for a normal person. If you are a rich person, you can afford this but for a normal person, it can't. You have other options to make Bitcoin. Trading and with your hard work you can make Bitcoin. You don't have knowledge on this then you must buy bitcoins you don't have any options.

CoinFoxs

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Quote from: Hannu on March 09, 2017, 11:19:59 AM

Because i don't have money prize is too high, 1 BTC is even over my monthly income. Its better to invest on altcoins mining

Exactly, due to the high price of bitcoin it is very difficult to buy bitcoins for trading purpose. And trading of altcoins is the best option, you can invest small amount and you have a chance to get double profit it depends on which altcoin you choose for.trading.

Lieldoryn

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If you just buy the currency for bitcoins, then what's the point? Is there something that you can't buy for money? I think that bitcoin is only for those who earn them. Until there is the fact that you can only buy with bitcoin, the demand will not grow.

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Quote from: fullypak on March 09, 2017, 01:25:05 PM

Quote from: giveen on March 09, 2017, 12:09:55 PM

Quote from: Hannu on March 09, 2017, 11:19:59 AM

Because i don't have money prize is too high, 1 BTC is even over my monthly income. Its better to invest on altcoins mining

No i don't it is compulsory for anyone that he should only purchase 1 btc , even in starting i couldn't afford 1 btc worth of bitcoins so instead i bought slowly like 0.2 btc every month or maybe low and now i have lot's of bitcoin saved up in my wallet. And also investing on mining is really not that profitable if you count the electricity and other factors.

Yes Bitcoin mining is not easy, It requires more electricity so where the electricity charge is low there, it is easy. And mining machine is also very costly you have to wait for a long time to get back your investment. So better try to earn coins in any other work or else try to buy a few coins regularly. It will not effect on your financial system and also you can able to collect Bitcoins slowly.

It's for sure, now it's very hard to deal with mining. It is too expensive to pay for equipment and electricity. It is much easier to just buy currency for Fiat. To do this, there are many exchangers

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Quote from: marcuslong on March 09, 2017, 01:14:15 PM

Quote from: X-ray on March 08, 2017, 11:53:24 PM

Quote from: Gerlysheyn on March 08, 2017, 10:17:05 PM

It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...

To buy the bitcoin is very easy, just try to buy some of the amazon,steam or the another gift card and try to sell them use the escrow and you will get your bitcoin with an easy method. But some people just try to make it so hard. Think simple to make it more easy.

Thats very true but if you don't mind buying on website then you can contact some members here that trusted in trading or exchanging your money into bitcoin buying steam wallet or any other payments then convert it into bitcoin is the best way too. Its easy he just making the easy hard thats why.

You forgotten about ATM's, if there is any close ATM he can buy bitcoins there. Local bitcoins is also a good place for anyone to try to find local friend that have some bitcoins for selling. Now exchange sites are more connected with banks all over the world, find which bank in your country is connected with some exchanger and use your credit card to buy some bitcoins, just look for fee's, they are different on each place so be careful about it, compare and choose best place for you.

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Quote from: giveen on March 09, 2017, 12:09:55 PM

Quote from: Hannu on March 09, 2017, 11:19:59 AM

Because i don't have money prize is too high, 1 BTC is even over my monthly income. Its better to invest on altcoins mining

No i don't it is compulsory for anyone that he should only purchase 1 btc , even in starting i couldn't afford 1 btc worth of bitcoins so instead i bought slowly like 0.2 btc every month or maybe low and now i have lot's of bitcoin saved up in my wallet. And also investing on mining is really not that profitable if you count the electricity and other factors.

Yes Bitcoin mining is not easy, It requires more electricity so where the electricity charge is low there, it is easy. And mining machine is also very costly you have to wait for a long time to get back your investment. So better try to earn coins in any other work or else try to buy a few coins regularly. It will not effect on your financial system and also you can able to collect Bitcoins slowly.

marcuslong

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Quote from: X-ray on March 08, 2017, 11:53:24 PM

Quote from: Gerlysheyn on March 08, 2017, 10:17:05 PM

It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...

To buy the bitcoin is very easy, just try to buy some of the amazon,steam or the another gift card and try to sell them use the escrow and you will get your bitcoin with an easy method. But some people just try to make it so hard. Think simple to make it more easy.

Thats very true but if you don't mind buying on website then you can contact some members here that trusted in trading or exchanging your money into bitcoin buying steam wallet or any other payments then convert it into bitcoin is the best way too. Its easy he just making the easy hard thats why.

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Quote from: Gerlysheyn on March 08, 2017, 10:17:05 PM

It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...

Well it is not that really hard to buy bitcoins if you had some cash. But there are some of us are experiencing that problem that they don't have something to buy for it. And seeing the price of bitcoin many for sure wants to buy it way back then and thinks if they can just turn back the time but right now it's price is truly making their eyes big.

giveen

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Quote from: Hannu on March 09, 2017, 11:19:59 AM

Because i don't have money prize is too high, 1 BTC is even over my monthly income. Its better to invest on altcoins mining

No i don't it is compulsory for anyone that he should only purchase 1 btc , even in starting i couldn't afford 1 btc worth of bitcoins so instead i bought slowly like 0.2 btc every month or maybe low and now i have lot's of bitcoin saved up in my wallet. And also investing on mining is really not that profitable if you count the electricity and other factors.

Hannu

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Because i don't have money prize is too high, 1 BTC is even over my monthly income. Its better to invest on altcoins mining

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Quote from: aardvark15 on March 09, 2017, 07:42:42 AM

Quote from: KennyR on March 08, 2017, 10:07:25 PM

Quote from: aardvark15 on March 08, 2017, 08:59:28 PM

When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.

Bitcoin ATM's very limited in number compared to the available exchange and trading platforms. Bitcoin ATM's also levy high fee than the exchange websites. I believe it's quite easy to buy bitcoin through exchanges than finding an ATM and getting out of it.

When I first bought some Bitcoins I setup an account with Coinbase. They require a lot of personal information and bank account info. Some people may not want to give out so much info to buy Bitcoins. My point is that accounts on exchanges need to be funded initially which may not be that easy.

I think, it is so hard buying bitcoins. It is all about the value of a bitcoin itself, we should know what and when will be the best to buy bitcoins. Buying bitcoin is not that kind of buying a product to market, instead, buying bitcoin is so hard to predict, whether the bitcoin is on sale, or it is on the lowest value. We cannot predict whether when we can buy it on its lowest value. We should know what will be the best time to buy bitcoins. You must not have the fear on investing bitcoin. Sometimes, we should expect losing money in buying bitcoins.

aardvark15

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Quote from: KennyR on March 08, 2017, 10:07:25 PM

Quote from: aardvark15 on March 08, 2017, 08:59:28 PM

When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.

Bitcoin ATM's very limited in number compared to the available exchange and trading platforms. Bitcoin ATM's also levy high fee than the exchange websites. I believe it's quite easy to buy bitcoin through exchanges than finding an ATM and getting out of it.

When I first bought some Bitcoins I setup an account with Coinbase. They require a lot of personal information and bank account info. Some people may not want to give out so much info to buy Bitcoins. My point is that accounts on exchanges need to be funded initially which may not be that easy.

X-ray

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Quote from: Gerlysheyn on March 08, 2017, 10:17:05 PM

It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...

To buy the bitcoin is very easy, just try to buy some of the amazon,steam or the another gift card and try to sell them use the escrow and you will get your bitcoin with an easy method. But some people just try to make it so hard. Think simple to make it more easy.

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