Bitcoin / Bitcoins / Crypto Currency

You won't be saying that when I can afford my mink fur penis caddy.

Not a lot of detail, but it could get much easier to buy BTC in the UK:

http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

Reclusive and with chronic pain or dead?

Paranoid

I've just picked up a bunch of Feathercoin, anyone else rolling with the FTC?

Also, are there any rules against selling stuff in the classifieds for crypto currency?

I've just picked up a bunch of Feathercoin, anyone else rolling with the FTC?

Also, are there any rules against selling stuff in the classifieds for crypto currency?

I've got a bike for sale with BTC as payment option and nobody has complained.

Why would there be rules against?

I personally think it is fine but I can foresee the circumstance where somebody agrees a BTC price for something and then the market suddenly swings and an argument over amount breaks out.

Given the BTC value has varied at least 10 percent everyday since its inception, that seems fairly probable.

What point in time would you take for the exchange then? The average on the day someone says they want to buy it? the moment they confirm? Could it be easier to list it as 0.5BTC say, and hope the arse doesn't fall out of the coin over the weekend?

Just a thought, but do any of these problems indicate why you might not want to take BTC in the first place?

What point in time would you take for the exchange then? The average on the day someone says they want to buy it? the moment they confirm? Could it be easier to list it as 0.5BTC say, and hope the arse doesn't fall out of the coin over the weekend?

I've given this some thought. I think I'd agree a point in time to take a price from a mutually agreed exchange.

Just a thought, but do any of these problems indicate why you might not want to take BTC in the first place?

Absolutely. However I personally believe the huge fluctuation situation to be somewhat temporary. I reckon things will stabilise over the next five years however there is always the risk that somebody or something breaks Bitcoin in the meantime.

Given the BTC value has varied at least 10 percent everyday since its inception, that seems fairly probable.

If its happened every day since its inception.. whats the problem?
Should be able to make some pretty graphs with swings like that
Where are they?

Given the BTC value has varied at least 10 percent everyday since its inception, that seems fairly probable.

lol yep. I see it is down again today

Oh noes! Luckily I'd sold the bunch that paid for my island's second runway already. Phew!

Not a lot of detail, but it could get much easier to buy BTC in the UK:

http://www.coindesk.com/zipzap-offer-cash-bitcoin-service-28000-uk-locations/

Interesting.. wonder how much commission they will take.

28000 locations is huge amount for a silcon valley startup without a preestablished infrastructure.

My guess is they will partner with paypoint.. who just so happen to have around 28000 locations in the uk.

http://www.paypoint.co.uk/about

I wonder if they will buy coins too.

If its happened every day since its inception.. whats the problem?
Should be able to make some pretty graphs with swings like that
Where are they?

http://techcrunch.com/2013/12/06/bitcoin-value-loses-its-mind-as-trading-lags-on-the-mt-gox-exchange/

Setting a rough figure of $600 as entry point.

Quite a drop in the last few days. I am going to remortgage my house when they get down to the $400 mark and buy 1,000

^ you can't hide behind an edit, admit it mikec you have a 4mill house.

http://techcrunch.com/2013/12/06/bitcoin-value-loses-its-mind-as-trading-lags-on-the-mt-gox-exchange/

Setting a rough figure of $600 as entry point.

How much money are you considering spending. If you don't mind me asking?

^ you can't hide behind an edit, admit it mikec you have a 4mill house.

Lol I can't believe I was spotted. My secret is out.

The bitcoin price has settled down a little in last 24 hours.
http://bitcoinity.org/markets

Got down close to my magic $600 figure but is now creeping back up to $1k
Looked into where to purchase a couple of bitcoin but struggled to find anywhere in the UK that would handle that size of order.

https://quickbitcoin.co.uk
Seems about as legitimate as any bitcoin site is in the UK but still seems to be a case of directly transferring money from your bank account into theirs and crossing your fingers. Prefer my risks to be a little more calculated.

localbitcoins is the best bet IMO.

Bitbargain at least states whether the seller has verified their ID and bank details. If they skanked you you'd at least be able to pursue civil action. Not all sellers are verified though.

bitbargain is good but you do pay over the odds