Yes but buying the bitcoin in starting is not good first get good information and skills of trading or investing them you can buy the bitcoin or other coins and get the profit from them. I use transfers through wallets that support fiat. Yes i agree with you that it is not simple but it is possible you can purchase bitcoins with your credit card. Different private sites work and invites the peoples that can purchase bitcoins with credit card. But here i told you that is not trusted.
In this way i agree with you that is not impossible. That is possible with long and risky procedure. Thats why dont buy bitcoin using paypal because this have a high risk. While cryptocurrency exchanges are almost universally barred from doing business via PayPal , there is one that will allow you to trade money in a PayPal account for cryptos. It is not easy to buy bitcoin with credit card or paypal as a result of some regulations of a country. Thus, to buy bitcoin, one has to go through exchange or site where you use other methods, or exchange another cryptocurrency to bitcoin.
Yes buying crypto with credit card is one of the most difficult and risky factor. Credit card pin and id are most important factor and your pin may go public if you buy it from unknown posts. As a result you may lose your money. So it is quite risk using credit card online. It is more safe if you buy bitcoin over exchange by fiat money to cash in. Some countries are not supported that is why they block any transactions of buying crypto currency.
It is best to buy cash in than to use your bank cards. I am not aware of whether I can buy Bitcoin with a credit card. But I can be somewhat correct that Bitcoin cannot be purchased with a credit card. It is not possible to buy bitcoin simply because you have a lot of money and high knowledge to invest and trade with it. Ohh,thanks for informing us. I thought its just easy to buy btc using that.
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Search In. Payment Update. Sign in to follow this Followers Reason for buying bitcoin with credit card is not easy By Sharoncott , February 4, in For Beginners. Reply to this topic Start new topic. Recommended Posts. Sharoncott Posted February 4, edited. Edited February 4, by Sharoncott Because my post in not complete. Share this post Link to post Share on other sites. Satishmolankar Posted February 4, Abiaan Unknown user С уважением,.
Tried to make a deposit from credit card and it declined citing my account might be at risk and suspended it, despite just logging in with password and faceID on a recognized device. But ok, so I go to the e-mail and click the link and try to log in. Log in fails twice despite having my log in information all written down on paper. Reset the password and complete process of unsuspending my account.
OK, so try again. Same thing happens and my account is suspended again! Разраб Binance LTD указал, что в согласовании с политикой конфиденциальности приложения данные могут обрабатываться так, как описано ниже. Подробные сведения доступны в политике конфиденциальности разраба.
Конфиденциальные данные могут употребляться по-разному в зависимости от вашего возраста, задействованных функций либо остальных причин. С помощью домашнего доступа приложением сумеют воспользоваться до 6 участников «Семьи». Предпросмотр в App Store.
Что новейшего. Версия 2. Оценки и отзывы. BuyInTokyo , AnthonyGossop , Конфиденциальность приложения. Размер МБ. Сопоставимость iPhone iOS Стоимость Безвозмездно. Веб-сайт разраба Поддержка приложения Политика конфиденциальности. Домашний доступ С помощью домашнего доступа приложением сумеют воспользоваться до 6 участников «Семьи».
And all this assumes you paid "real money" you actually had in full for the asset. But ignore all these complications and focus just on the paragraphs above to give you a head start in understanding. And please learn more and try trading simulations before you trade real money for any asset.
Yes, you lose a quantity of your money, at the time you gave it away in exchange for the bitcoin you received. Subsequent changes in the exchange rate only vary the hypothetical value of what you would get if you wanted to trade back. No; you lost the money when you used it to buy the Bitcoins. If the price goes down, you will get less money back if you sell them. If the price goes up, you will get more money back if you sell them. No : You lose money when you buy something, and you gain something else in return.
In your case you lose money if you buy bitcoin, and you gain money when you sell bitcoin. I would like to add another aspect: minimize loss, in case you want to protect your principal and commission paid when you bought Bitcoin. Many other answers explained the difference between realised and unrealised loss.
I want to add some thoughts:. The answer depends quite a lot on the semantics of the word "money". If money is those rectangular printed papers or circular metal discs made by the Federal Reserve in the United States of America as well as many other institutions in other nations then the answer is NO.
You gave away traded some of those items when you bought the bitcoins. But a lowering of bitcoin value after that trade does not further diminish the amount of papers and discs you have. But I would rather use the definition of money used by wikipedia:. Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.
The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money. The papers and discs fit that definition so no money loss there. But, what else fits that definition? Before they got lowered in price you could go to Newegg and purchase a certain ammount of items.
What happens if you go to Newegg after they got lowered in price? Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. What happens if I buy Bitcoins and the price goes down? Ask Question. Asked 4 years ago. Active 3 years, 8 months ago. Viewed 79k times. What happens if I buy Bitcoins and the price goes down. Will I lose a quantity of my money?
Improve this question. Philip Kour Philip Kour 1 1 gold badge 1 1 silver badge 3 3 bronze badges. It concerns me that people who lack such basic knowledge of economy would invest in a cryptocurrency. Myridium OP has not stated that they have invested or is considering investing in a cryptocurrency. Myridium If anything, it should concern you that people who lack such basic knowledge of economics would invest in anything. Show 7 more comments. Active Oldest Votes.
Improve this answer. Hannah Vernon Hannah Vernon 1, 14 14 silver badges 29 29 bronze badges. Your market view of trading any commodity stands true, but your key example is wrong. Bitcoin has no intrinsic value , and can become worth absolutely zero. Tax law is a completely different area. Consult a tax attorney or accountant in you jurisdiction for details applicable to your scenario. Xen There is nothing fundamentally different in the intrinsic value of gold; if someone invented a machine that could fabricate gold out of thin air, your bar of gold would have zero value; if a replacement were found for all uses of gold, it would have a value very near zero.
The difference, I think, is one of risk: there is a higher risk of the bitcoin network becoming obsolete, and investments in it worthless, than all uses of gold becoming obsolete. JoseAntonioDuraOlmos I disagree. This is the correct viewpoint. This is the viewpoint that says "If I have an ounce of gold, I have an ounce of gold, no more, no less.
Jestin Jestin 8, 1 1 gold badge 20 20 silver badges 32 32 bronze badges. It goes both ways, too. If I buy a litre of milk, I only have a litre of milk for a week or so, regardless of what happens to the price. David, true. Groceries lack a property of money, namely durability. DavidRicherby I think everyone with half a brain can understand the relevant points of the analogy and discard the irrelevant ones like "milk goes off".
Show 2 more comments. Community Bot 1. Nat Nat 2 2 silver badges 6 6 bronze badges. Glad to see an answer which really hits the nail. The bank will valuate the assets. Add a comment. Deepak Deepak 1 1 silver badge 3 3 bronze badges. If you join a cloud mining website, you will have to pay a fixed amount for the contract, and after that, you can start mining bitcoins.
With cloud mining, you never know that you may get more than one bitcoin also. So, it is a lot easier to get your invested amount back, and if the demand for bitcoins increases, its price will also go up, which will help you earn some additional profits. When buying cryptocurrencies, it is highly important to focus on diversification and investing in different coins. If you prefer buying bitcoins, you will have to purchase other cryptocurrencies for diversification.
With that, you will also have to keep an eye on the market of each one of them so that you can make profitable trades and earn money. With bitcoin cloud mining, there is no issue of diversification as there are certain online services that you can use. They will handle everything related to the diversification on their own. You can mine the cryptocurrencies according to your convenience, and the service will follow your instructions.
Cloud mining allows you to mine varying cryptocurrencies other than bitcoin easily and without the need to keep a close eye on the market. The in-built system will automatically keep track of the market and check which one is most profitable, and will switch accordingly. Everything You Need To Know!
To conclude, there are several ways to get bitcoins, and two of them are cloud mining and buying bitcoins. But if you consider the factors mentioned above, cloud mining is a better option. See also: Will Ethereum 2. Save my name, email, and website in this browser for the next time I comment. Sign in. Forgot your password? Get help. Password recovery.
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