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geekhack Community => Off Topic => Topic started by: Sifo on Thu, 13 October 2016, 11:33:07

Title: bitcoinzzz
Post by: Sifo on Thu, 13 October 2016, 11:33:07: wtf do I do with it do I just sell to usd or sit on it or what? I'm new to this I suddenly have some from betting
Title: Re: bitcoinzzz
Post by: Dr_Alphabet on Thu, 13 October 2016, 11:34:00: Quote from: Sifo on Thu, 13 October 2016, 11:33:07
wtf do I do with it do I just sell to usd or sit on it or what? I'm new to this I suddenly have some from betting
Buy drugs with it

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Title: Re: bitcoinzzz
Post by: redbanshee on Thu, 13 October 2016, 11:39:58: Quote from: Sifo on Thu, 13 October 2016, 11:33:07
wtf do I do with it do I just sell to usd or sit on it or what? I'm new to this I suddenly have some from betting

Bitcoin is doing really well right now (currently $637), I would keep it. But you can add it to a wallet exchange type site like coinbase.com or btc-e.com and sell it that way for USD. A lot of online places like newegg.com take bitcoin now too. You can also use exchanges like cex.io to invest in bitcoin generation to make money off it.
Title: Re: bitcoinzzz
Post by: Sifo on Thu, 13 October 2016, 12:30:45: whats the process of cashing out? I registered both btc-e and coinbase but i think coinbase only lets me use visa card cuz Canadian ID even though i have US bank account hmmmmm
Title: Re: bitcoinzzz
Post by: tp4tissue on Thu, 13 October 2016, 12:35:13: I would keep it in there, and just use it for Sifo-Crime-Corporation
Title: Re: bitcoinzzz
Post by: Sifo on Thu, 13 October 2016, 12:47:23: wtb clacks for bitcoin
Title: Re: bitcoinzzz
Post by: Dr_Alphabet on Thu, 13 October 2016, 12:48:31: Quote from: Sifo on Thu, 13 October 2016, 12:30:45
whats the process of cashing out? I registered both btc-e and coinbase but i think coinbase only lets me use visa card cuz Canadian ID even though i have US bank account hmmmmm
You can sell them on local bitcoins for local cash, PayPal, or direct deposit. And people typically pay more for them there because it's instant release

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Title: Re: bitcoinzzz
Post by: Sifo on Thu, 13 October 2016, 13:30:58: better to sell all at once or play the rates? I guess if I try to play rates I'd get rekt by fees..

I'm thinking to keep 1 btc around to sit on or invest or gamble, whatever.
Title: Re: bitcoinzzz
Post by: meiosis on Thu, 13 October 2016, 13:48:36: Quote from: Sifo on Thu, 13 October 2016, 13:30:58
better to sell all at once or play the rates? I guess if I try to play rates I'd get rekt by fees..

I'm thinking to keep 1 btc around to sit on or invest or gamble, whatever.

stop gambling what would emilia say

But for now it's pretty stable, I'm just sitting on mine for the past few weeks and it's increased by 6%..

Mostly for shady dealings online though I have mine from cashing out of a game so I have a huge surplus, I recently sold $10k+ of it to someone in person though, the safest way, or use a bitcoin exchange but the ratios are ****tier with trusted people.

And yeah I play poker with bitcoin.. It's an addiction would not recommend but if you insist we can hustle together on carbon
Title: Re: bitcoinzzz
Post by: btctopre on Thu, 13 October 2016, 15:26:03: cash out now while the exchange rate is fairly high, only a matter of time until the next exchange fraud tanks the market.