Someone please help me buy BITCOIN

[bolt]

4 minutes ago, Farang123 said:

I'm comfortable sending and depositing money online.  I think after I research for a while it will be o.k. to buy.  Provided I gather the right information.

You should compile a list of say 3-5 websites (exchanges) and then do your own independent research.

You can rate each site pros and cons etc.

 

I have used several and I have found Blockfi to be the best for me, pro’s one free withdrawal per month, con’s limited crypto for sale.

but to be honest I’d stay away from almost every coin and stick with BTC only.

Its your money and your call, so do your own research.

 

[Farang123]

1 minute ago, bolt said:

You should compile a list of say 3-5 websites (exchanges) and then do your own independent research.

You can rate each site pros and cons etc.

 

I have used several and I have found Blockfi to be the best for me, pro’s one free withdrawal per month, con’s limited crypto for sale.

but to be honest I’d stay away from almost every coin and stick with BTC only.

Its your money and your call, so do your own research.

 

Thanks, this is more helpful than  just posting a link to a site I know nothing about.  Have a good evening!

[EdrigoSalvadore]

hodlhodl.com I used it almost a 100 times without problems.

[Farang123]

See, I had a feeling which some people mocked and now bitcoin is surging to 58,000+

[ikke1959]

I use Bitvavo.com. reliable and good,  low costs for selling and buying

 

 

[chicowoodduck]

Hold on champ, not so fast? ????????????????

[tonray]

13 hours ago, bolt said:

To be honest

If you’re using TV to find suitable ways to buy and sell BTC, then my advice is NOT to buy.

But wait, doesn't TV have globally reknowned experts in healthcare, finance and barstool philosophy ?

[jesimps]

I'm with coins.TH and so far haven't been scammed. Apart from the verification process being a bit of a pain, I have no complaints. I'm also using Bitstamp and Binance for their large choice of alts. The reason that I'm also with a local exchange, is that it's easy to transfer baht from my local bank. I should imagine that the others who use local exchanges also do it for the same reason.

[whaleboneman]

14 hours ago, Farang123 said:

See... this looks shady.  I'm not buying bitcoin from anyone with the name "Pattayaguy"

Said Farang123

[nervona81732]

17 hours ago, ThailandRyan said:

Check Coinbase Pro out if you want or check any of the others.  Look up CoinTracker as well, and do some research.

I would also suggest ADA Cardano instead of BTC. It will be a winner for you and you can accumulate coin/units and stake and depending on your strategy you can use earned rewards=coins to live on and by all means get a Crypto card to access your funds. Crypto.com??? This market is expanding globally and be ahead of the game. ADA is affordable right now just like BTC was ( my personal experience @ $.17 cents ) i didn't get into it. ETH Ethere which I did ( late ) but made a chunk. Do some research how where and why these blockchain systems work. YOU TUBE a source ( be careful ) but know your risk and don't risk more than you can loose.    Just saying. Have a nice journey.

[Farang123]

34 minutes ago, whaleboneman said:

Said Farang123

Yeah but I'm not selling anything.

[jingjing99]

Could this be the greatest Ponzi scheme ever.....?

You want to enrich yourself by hoping other people's greed to become richer ...will buy out into that greed escalator.

Yes we all hate the Big banks ...and crazy overblown economics, where  governments  tax the poor/and middle class while letting Apple, Amazon, Starbucks pay little tax and making the wealthy... indecently mega wealthy ...yes its a rotten corrupt and greedy world .....but possibly  so is joining Bitcoin ...

 

 

[4MyEgo]

11 hours ago, Farang123 said:

See, I had a feeling which some people mocked and now bitcoin is surging to 58,000+

 

If your going to buy Crypto or shares or make investments based on "feelings" then your in for a real shock of a ride.

 

Investing is not a sure thing, once you remove the "feeling" you have a chance of surviving and making some money, although don't expect to be making a lot of money, if it were that easy we would all be rich.

 

I have invested 50% of what I have and I have survived here in Thailand for 5 years without any baht coming out of my pocket, my 50% investment is still there, but it hasn't grown, so if you play safe, do your research and earn anything above 4% you should be grateful.

 

Bitcoin is not for me because I don't want to see the high's and low's, I prefer to see the little dips and the little rises, call me conservative, but I feel that if I go with "feelings" it will be a disaster.

 

The 50% reserves I have are there as a back up in case everything goes to $hit, which it can, I could also say that if I purchased Bitcoin when it was say $8,000 a coin, I would be a rich man, but I didn't and I am comfortable with my decision, it's just part of my risk make up.

 

Each to their own and good luck to those who take on the risk and make some good money, it's just not for me, even having done my research on it, suffice to say, I am not prepared to lose money, if it can be avoided, otherwise might as well back the horses, as a long shot is bound to come in, sooner or later, and if Bitcoin is here to stay and make people money, then those who took on the risk, deserve to win, also knowing knowing there is the risk of losing it, or watching it go to places I could bare to watch, but who knows, if it dips to those places, I might buy a coin and hold it for a rainy day ? 

[digibum]

19 hours ago, Farang123 said:

I just have a feeling that it is going to be going up in price soon.  Yeah, I'm doing some research just wondering what brokers  people recommend who are in TH.

He heard it’s going to go up from the president of Bitcoin.  ???? 

[PattayaKevin]

Crypto.com and robinhood are the 2 places I use can also buy other stocks and cryptocurrency from them. Both are US based.

[rwill]

If you have a computer download Atomic Wallet.  You can make purchases using a debit/credit card from the wallet.  No need to open an account anywhere.  Purchases are done through simplex, which is UK based.  5% commission and your card company could hit you with a foriegn transaction fee.  Can't sell from Atomic Wallet though.  Also your purchases will be limited by your card limits.

 

You can also try this crypto broker based in Australia.  I use them.  They can buy and sell for you and hold it for you too I believe.  $2,000 minimum order.

Caleb and Brown - Your Cryptocurrency Brokerage Firm

 

I would also say there are altcoins that will outperform bitcoin percentage wise.  So you might want to check them out too.

 

[SheungWan]

17 hours ago, bolt said:

I have used used following websites for BTC

·         Etoro

·         Kraken

·         Coinbase

·         Blockfi

 

You should use Thai visa for recommendations, NOT step by step user guides.

Do your own independent due diligence for ANY financial company.

My personal recommendation is BlockFI, read up about them, research them and then decide.

 

Do NOT use ANY Broker, absolutely no need.

 

Remember to risk whatever you can afford to lose, that’s it nothing fancy or special

Etoro. They also do Forex.

[TigerandDog]

20 hours ago, Farang123 said:

is bitkub.com any good?  I just tried signing up for their account but there was a message "not accepting new accounts at this time"

As I have posted in other threads, Bitkub was shut down by the SEC in January when their servers crashed and couldn't handle the volume of new registrations and traders. Fortunately for those that had already registered prior to the shutdown, they are still able to trade on Bitkub. However, Bitkub still CANNOT accept new registrations until they resolve the issues they had and the SEC gives them the all clear. In the meantime you CAN register with Satang and successfully buy & sell cryptocurrency on that platform.

[TigerandDog]

20 hours ago, bolt said:

sign up for BlockFI with Thai Address. no Ploblem, no broker

its up 2 U 

use my referral code https://blockfi.com/?ref=09cfcfdb

 

don't use his referral code, or anyone else's for that matter as they get a commission on your trades.

[TigerandDog]

17 hours ago, Farang123 said:

I'm planning to invest 3/4 my recent stimulus check in something...

if that's all you're going to invest (approx US $1050 ), then based on the current price of US $58k  you would only get 0.0181 of 1 coin. So even if BTC was to hit 100k that would only give you a profit of US $760.00.  So don't waste your time with Bitcoin as your return will be negligible. If you're serious about wanting to invest in crypto look at some of the smaller coins/tokens. e.g. Tron (TRX ), EOS, Ripple, Cardano. Do you research first. The way I decided which coins to invest in was to do a google search on the top 20 coins to invest in for 2021. I made a list of them and looked at 25 different web sites for their recommendations. Then looked at which ones were recommended the most across those 25 sites. I finished with a list of 15 coins. Then looked at their long range forecasts ( Dec 2021 ), decided which ones to go with. had to eliminate some simply because Satang did not have them listed, finished up with 10 and invested varying amounts on each one. So far so good, all in profit and increasing. My philosophy is if the total investment can increase by 500 baht per day, on average, by the end of Dec my investment will be 137.5k baht in profit from today. Now I know that's not a huge amount of money when converted to AUD, but I've also decided at what price, based on the long term recommendations to sell at. Greed has to be removed from the equation and common sense applied, otherwise you could lose the lot.

[Johnny Mac]

''I'm planning to invest 3/4 my recent stimulus check''

 

 

Haha. I needed a good laugh ????

[JustAnotherHun]

I don't know if a German company would be ok for you. If so, I recommend using Bitcoin.de.

Im trading there for many years now and it always went fine.

Perfect is the combination Bitcoin.de and Fidor as a related bank account. 

[Dominion]

You can get freewallet app and use exodus app for exchange. Most importantly if your buying large amounts get a trezor hardware wallet. That way you have the keys to your crypto.

[JustAnotherHun]

26 minutes ago, Dominion said:

You can get freewallet app and use exodus app for exchange. Most importantly if your buying large amounts get a trezor hardware wallet. That way you have the keys to your crypto.

That's an important advice. Always store larger amounts in an offline wallet instead online. It might be more comfortable for beginners, but it's relatively unsafe.

[bolt]

1 hour ago, TigerandDog said:

don't use his referral code, or anyone else's for that matter as they get a commission on your trades.

Thats incorrect, both parties receive a bonus, for signing up and for sharing

or every person that signs up using your referral code and deposits $100 or more into their BlockFi Interest Account (BIA), you and that friend will each earn $10 in BTC.

Referral codes help many people, so get a life

 

I dare anyone that can beat BlockFI, it beats them ALL hands down

use my referral code https://blockfi.com/?ref=09cfcfdb

[Raphael Hythlodaeus]

22 hours ago, 1FinickyOne said:

There is an ETF that tracks bitcoin if you have a Schwab account or work w/a brokerage firm in USA...  it is selling at a bit of a discount to bitcoin now but pretty much tracks the movement.. and a different one for etherium as well.. 

 

GBTC

The Grayscale Bitcoin Trust (GBTC) is a fund, not an ETF. Therefore it trades at a premium/discount to the NAV. However, currently it trades at a 7.28% discount to NAV so not a bad choice right now IMO.

Currently there are no US Bitcoin ETFs, although there are several ETF applications in the works to the SEC. There are Bitcoin ETFs in Canada and Germany.

I use Bitkub in Thailand but as far as I know new applications have been suspended. You could use one of the overseas brokers (I have Kraken and Bitstamp) or use the Crypto.com app to buy BTC using a local credit card (if you don't mind paying the VISA fees). Or, as someone else said, use Localbitcoins.

[Poet]

I use Kraken, but have not researched whether other exchanges might be marginally better. I would not use any Asian exchange. Bitkub seems to have had some serious teething problems, and I interpret technical incompetence as an indication of possible deeper problems.

For starting out, I would not bother with a hardware wallet or any complicated software. Keep it simple.

Anything related to crypto draws forth a lot of bitterness on this forum. Many of the most active posters are guys who are tech-savvy enough to use a forum, and who would have been aware of Bitcoin years ago, but simply didn't get into it back then. Perhaps they meant to but, like so many, never got around to actually laying down money and, now, feel they have "missed the boat". What you are seeing is an emotional reaction, not a logical one. Think about how you would feel in the same position.

You always hear that phrase relating to Bitcoin, "missed the boat", and it has never been true.  Sure, the best time to get into it was a decade ago when it cost 8 cents, but the second-best time has always been "today", whenever that happened to be. The important thing is the decision to take action and actually invest some money.

I have a lot of friends who I would describe as "Bitcoin-curious" and I always tell them to open a free account at a reputable exchange, transfer in $100, and buy some Bitcoin. Ignore all the other coins, no matter what hot tips you hear on YouTube - the factors I describe further down in this post will only fuel the rise of Bitcoin and, to a lesser extent, Ethereum. They are Coca-Cola and Pepsi of crypto.

Then, completely ignore your investment until the end of the year. The value will swing around like crazy, no one really knows whether it will be worth more or less tomorrow, but the general medium-term trend has always been upwards.

You should have a very nice surprise at the end of the year - my guess is that $100 invested today should be around $350 - and then you can decide whether you want to explore crypto more deeply. Just don't invest your $100 today if you will need it back next week.

*** Important point: You do not need to buy an entire Bitcoin, you can invest as little as a dollar if you want, it will still go up by the same percentage ***

So many of the people posting negatively on this thread said exactly the same things in a thread around the New Year, when Bitcoin was under $20K. Same for another thread, around the time of the Covid crash last March, when I urged everyone to get in at $5K. It was very clear to me that the pandemic had created an anomolous opportunity, and that the same factors would soon push it far higher.

I have quite a bit invested in Bitcoin and a lesser amount in Ethereum. I could withdraw it all in minutes and invest it elsewhere, but I keep it in crypto because I understand why it has gone up 12x over the past year and that we are only at the beginning:

Unprecedented levels of stimulus spending debasing fiat currencies worldwise, money sloshing around the world pushing up all asset prices, the looming shadow of crushing taxation to pay for the Covid overreaction, political instability in almost all countries, massively increased use of the Internet and faster introduction of entirely new populations in poorer countries, increasing adoption of Bitcoin by corporations and financial organizations clearly heading towards a tipping point, increasing mainstream awareness as a number of major exchanges head towards IPOs, and far easier on-ramps for consumers all over the world to own Bitcoin via their familar banking apps.

All of those factors, which have pushed Bitcoin up 12x over the past year, and 3x over the past three months, are only just beginning. Financially, the next two years are going to be rougher than anything we have seen in our lifetimes. The damage caused by the overreaction to Covid has been far more expensive than any war, and has quite clearly deranged significant portions of the public. The relationship between governments and their citizens has changed, and the inevitable increases in taxation, combined with the plummeting value of savings, benefits, and pensions are going to drive unprecedented levels of unrest and harsh crackdowns.

Just to be clear, while good for those of us with Bitcoin, all of this will be absolutely terrible for the vast majority of people on this planet. The stress and strain of the lockdowns are nothing compared to what is coming down the pike. Life is about to get a lot more expensive.

Some of the members here are on set pensions denominated in their home currencies. Unless they find an effective way to hedge against the debasement of those currencies, many will end up having to sell their houses in Thailand and return to their home countries to live out their remaining years in a far more limited way.

 

[cnx355]

22 hours ago, Farang123 said:

is bitkub.com any good?  I just tried signing up for their account but there was a message "not accepting new accounts at this time"

I read that at the moment the Thai Regulator ordered this for a while . 

 

I opened my accont a few months ago.  No problem yet except the few days in the past when their sytem overloded and they had to shut down.

 

That is why the Regulators imposed no new customers for a while.

 

Did you try with the apps ?

[Freddy42OZ]

23 hours ago, Farang123 said:

I know my post is opening up a can of worms for all the smart asses who post here.  Will be filtering out the helpful posts thanks!

 

Bitkub is good, but as you've discovered they are not opening new accounts at the moment. 

You need to find a friend who can buy for you.

[Freddy42OZ]

1 hour ago, Poet said:

I use Kraken, but have not researched whether other exchanges might be marginally better. I would not use any Asian exchange. Bitkub seems to have had some serious teething problems, and I interpret technical incompetence as an indication of possible deeper problems.

For starting out, I would not bother with a hardware wallet or any complicated software. Keep it simple.

Anything related to crypto draws forth a lot of bitterness on this forum. Many of the most active posters are guys who are tech-savvy enough to use a forum, and who would have been aware of Bitcoin years ago, but simply didn't get into it back then. Perhaps they meant to but, like so many, never got around to actually laying down money and, now, feel they have "missed the boat". What you are seeing is an emotional reaction, not a logical one. Think about how you would feel in the same position.

You always hear that phrase relating to Bitcoin, "missed the boat", and it has never been true.  Sure, the best time to get into it was a decade ago when it cost 8 cents, but the second-best time has always been "today", whenever that happened to be. The important thing is the decision to take action and actually invest some money.

I have a lot of friends who I would describe as "Bitcoin-curious" and I always tell them to open a free account at a reputable exchange, transfer in $100, and buy some Bitcoin. Ignore all the other coins, no matter what hot tips you hear on YouTube - the factors I describe further down in this post will only fuel the rise of Bitcoin and, to a lesser extent, Ethereum. They are Coca-Cola and Pepsi of crypto.

Then, completely ignore your investment until the end of the year. The value will swing around like crazy, no one really knows whether it will be worth more or less tomorrow, but the general medium-term trend has always been upwards.

You should have a very nice surprise at the end of the year - my guess is that $100 invested today should be around $350 - and then you can decide whether you want to explore crypto more deeply. Just don't invest your $100 today if you will need it back next week.

*** Important point: You do not need to buy an entire Bitcoin, you can invest as little as a dollar if you want, it will still go up by the same percentage ***

So many of the people posting negatively on this thread said exactly the same things in a thread around the New Year, when Bitcoin was under $20K. Same for another thread, around the time of the Covid crash last March, when I urged everyone to get in at $5K. It was very clear to me that the pandemic had created an anomolous opportunity, and that the same factors would soon push it far higher.

I have quite a bit invested in Bitcoin and a lesser amount in Ethereum. I could withdraw it all in minutes and invest it elsewhere, but I keep it in crypto because I understand why it has gone up 12x over the past year and that we are only at the beginning:

Unprecedented levels of stimulus spending debasing fiat currencies worldwise, money sloshing around the world pushing up all asset prices, the looming shadow of crushing taxation to pay for the Covid overreaction, political instability in almost all countries, massively increased use of the Internet and faster introduction of entirely new populations in poorer countries, increasing adoption of Bitcoin by corporations and financial organizations clearly heading towards a tipping point, increasing mainstream awareness as a number of major exchanges head towards IPOs, and far easier on-ramps for consumers all over the world to own Bitcoin via their familar banking apps.

All of those factors, which have pushed Bitcoin up 12x over the past year, and 3x over the past three months, are only just beginning. Financially, the next two years are going to be rougher than anything we have seen in our lifetimes. The damage caused by the overreaction to Covid has been far more expensive than any war, and has quite clearly deranged significant portions of the public. The relationship between governments and their citizens has changed, and the inevitable increases in taxation, combined with the plummeting value of savings, benefits, and pensions are going to drive unprecedented levels of unrest and harsh crackdowns.

Just to be clear, while good for those of us with Bitcoin, all of this will be absolutely terrible for the vast majority of people on this planet. The stress and strain of the lockdowns are nothing compared to what is coming down the pike. Life is about to get a lot more expensive.

Some of the members here are on set pensions denominated in their home currencies. Unless they find an effective way to hedge against the debasement of those currencies, many will end up having to sell their houses in Thailand and return to their home countries to live out their remaining years in a far more limited way.

 

Excellent write up.  Unfortunately, most people on here won't pay attention.