Just bought bitcoins

[metulburr]

I kinda ignored it for the past few years. I figured i would buy a portion, try to forget about it, and come back in 10 years and see what its at. Im not the gambling/stock market type though. I dont like to lose money and not get anything out of it. And i dont like to "risk it all". I just put in a little bit that i would be OK in losing. Of course knowing me, i would be constantly checking the value of a bitcoin on a weekly basis.

[wavic]

I know people who are doing the same for a living. I am not so close with them though

[sparkz_alot]

I don't know much about them, other than the market is very volatile and you can 'mine' them (which leads down another path of "Say what?").  I still prefer cold hard cash in hand, heck, I don't even like credit cards. They are pure evil 

[metulburr]

I don't know much about them, other than the market is very volatile and you can 'mine' them (which leads down another path of "Say what?").  I still prefer cold hard cash in hand, heck, I don't even like credit cards. They are pure evil 

Thats funny because i actually am more of that way as well. I dont like CC, or even debit cards. I always use cash, and prefer to stash my cash at home instead of put it in a bank. Although i have default student loans and default CC's, so i am always worried about the bank handing my money over to the government. I was more thinking that bitcoins couldn't trace back to me where something like stocks and bonds could.

I mean if 5 years ago i bought 1 bitcoin for $70, today it would of turned into over $7,000.Since i bought bitcoin last night, the price has already increased. I think i am going to go buy more

This is why i never got into gambling, its too addictive

[sparkz_alot]

Do you have to buy a whole coin or can you buy, say, 1/100th of a coin?

[wavic]

Well, so-called mining is the processing of the bitcoin transactions and validating them which is a heavy computational task so you get a return as a really small fraction of a bitcoin.

I am more interested in the blockchain technology and how to implement it in a project. Also DHTs

[metulburr]

Do you have to buy a whole coin or can you buy, say, 1/100th of a coin?

You can buy a fraction of a bitcoin. I would never of invested 7 grand (if i even had that) into it.
Like if you want to only put 25 bucks into it to try it, you might have something like 0.0033 of a bitcoin. You will always have that much of a bitcoin, but then the value of one fluctuates. On the site i used, you can actually search out if someone wants to buy unused gift cards to give them for bitcoins. paxful.com Then you can transfer your bitcoins to an offline wallet or something for extra security.

Or you could be your own broker. Buy bitcoin at 80% value, and sell it at 50% value to make 30% instantly for example.

I havent gotten into the mining yet. Im not sure if i want to devote my bandwidth and processing power to it or not. OF course i should at least try it someday.

[phread]

I havent gotten into the mining yet. Im not sure if i want to devote my bandwidth and processing power to it or not. OF course i should at least try it someday.

Mining doesn't get you very much on your own anymore, that's why people are using botnets to do it, or slipping code onto websites to make everyone that visits the site help mine it for them.

[wavic]

There is a politician in my country which owns lots of newspapers, TVs and media in general. So, he was caught to use the visitors' machines to mine a cryptocurrency through one of his newspaper's website. This is one way 

[metulburr]

slipping code onto websites to make everyone that visits the site help mine it for them.

thats ingenious