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<p>[QUOTE="Prime Mover, post: 2817216, member: 38783"]As a holder of Bitcoin, I would highly recommend against converting fiat to it just to buy bullion. That will most likely be a losing proposition unless you are willing to spend a good amount of time learning about the entirety of the ecosystem, and being able to correlate the roller coaster of its price chart to events that move it. A little bit like the concept of the stock market, but there are currently less tangibles to define what makes the market move, not like what drives most stocks in a normal market today.</p><p><br /></p><p>If you already have some, then it's just like anything else when buying PMs, you compare your premiums and buy when it suits you. If you don't have any Bitcoin, just buy the bullion direct with cash or a wire transfer, it'll be more stable in the end.</p><p><br /></p><p>I mined all of my coins many years back, so right now I'm on the plus side of the price. I have bought bullion with it (and other things) but I don't pay much attention to the premiums. There is a "fee" for using BTC just like there is for a credit card, etc as there are transaction fees for every transaction you do, kinda like a CC merchant fee. These are usually small but can be a couple bucks per transaction depending on market factors.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2817216, member: 38783"]As a holder of Bitcoin, I would highly recommend against converting fiat to it just to buy bullion. That will most likely be a losing proposition unless you are willing to spend a good amount of time learning about the entirety of the ecosystem, and being able to correlate the roller coaster of its price chart to events that move it. A little bit like the concept of the stock market, but there are currently less tangibles to define what makes the market move, not like what drives most stocks in a normal market today. If you already have some, then it's just like anything else when buying PMs, you compare your premiums and buy when it suits you. If you don't have any Bitcoin, just buy the bullion direct with cash or a wire transfer, it'll be more stable in the end. I mined all of my coins many years back, so right now I'm on the plus side of the price. I have bought bullion with it (and other things) but I don't pay much attention to the premiums. There is a "fee" for using BTC just like there is for a credit card, etc as there are transaction fees for every transaction you do, kinda like a CC merchant fee. These are usually small but can be a couple bucks per transaction depending on market factors.[/QUOTE]
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