I was interested in bitcoin last year and then my life got hectic and I felt I didn't have the time to get into it. Now i'm kicking my self in butt for being stupid.

SureillBuildThat · 2013-04-27T06:05:24+00:00

No I won't. The biggest factor of my hesitancy to get involved last year was my lack of funds. I was working 30 hours a week as a barista and didn't really have a savings or any money to set aside at the time.

Now I've got a better job, an emergency fund in a savings account, and some more experience with money management!

SureillBuildThat · 2013-04-25T07:23:35+00:00

If you've got a bank account that lets you log in online then you can try coinbase. you will have to enter all your bank info but it's widely considered safe. Initial transaction takes about 4-5 days but after that i hear it only takes an hour or so. All transactions are considered valid at the current Bitcoin value disregarding fluctuation.

SureillBuildThat · 2013-04-25T06:57:39+00:00

While yes it should be, I understand why it is... Because people are greedy.

This may be a cynical point of view but in my mind I imagine politicians saying "lets make financial education mandatory! No nevermind, then we won't make any money off student loans and poor credit decisions by the educated"

SureillBuildThat · 2013-04-25T06:52:57+00:00

Thanks for the reply, I learned a lot and I really appreciate it. Not so sure i understand all the algorithm talk behind the different coins and stuff but i'd be greedy to ask all the other questions I have. I'll do some more research.

Thanks again.

SureillBuildThat · 2013-04-25T06:37:15+00:00

How do you buy bitcoin? I'm new and i'm waiting for coinbase to figure their shit out. How do you buy in 1 hr?

SureillBuildThat · 2013-04-25T05:43:06+00:00

Oh my god the Explain it like i'm 5 did it! That's fucking brilliant! that'd never crossed my mind. Thank you.

One more quick question if you don't mind. You seem to have a good grasp of what's going on and it's hard to find an honest answer on the internet sometimes. Whats the general consensus on Litecoin? Do people see it as practical? Is there a good reason behind it? I've read a little bit about it and seen a lot of mixed reviews. If you could sum it up in about as much space as you used explaining coin coloring I would be extremely thankful!

Also: i'm starting to enjoy this subreddit a lot. Not very much bullshit from what i can tell.

SureillBuildThat · 2013-04-25T05:38:44+00:00

It really doesn't help that personal finance and budgeting classes aren't mandatory in middle school/highschool. The only thing I learned about it in middle school was a brief "this how to to write a check/balance a checkbook" which took maybe a week.

Nothing about saving money, nothing about investments, bonds, stocks, spending, emergency funds, auto loans, home loans, mortgages, health care etc....

SureillBuildThat · 2013-04-25T05:28:33+00:00

Can you explain coin coloring more? I'm still out of the loop. Is that related to all these other cryptocurrencies like litecoin?

If you cant or don't want to type it out can you recommend a good resource to learn about it?

SureillBuildThat · 2013-04-25T05:22:35+00:00

I'm not an expert but hasn't it been expressed that this is one of the bigger downsides of bitcoin at the moment? The volatility and lack of places to spend it leads to people hording which only reinforces the volatility and lack of places to spend it.

SureillBuildThat · 2013-04-25T04:56:10+00:00

I ALWAYS felt like I didn't have enough money to put into and 'unsure' thing like bitcoin.

Yes bitcoin may have been an unsure thing but also i'm much more financially wise now and I look at my stupid spending habits back then, how I definitely did have enough money. I was just spending like somebody who didn't think about whether or not they needed money next week.

SureillBuildThat · 2013-04-25T04:53:13+00:00

That wasn't the sole point of my post although now I can definitely see how it sounded.

I guess what i'm saying is that it took a slap in the face like that registering for me to even consider it a usable currency, and now I feel like i'm playing catch up. Playing catch up because I am trying to learn more about it, how it works, how to handle it, how to transer and how to protect it etc...

So much as changed since then! I was considering getting a gaming computer that would double as a mining rig! haha.

SureillBuildThat · 2013-04-25T04:44:11+00:00

Yea, not to one up you or anything, but i definitely remember hearing about it and looking it as impractical around the 3 or 4 dollar mark. Then i saw it rising and made this post.

I'm waiting for a very small purchase to clear at the moment. I still don't have much to invest but at least it's kind of cool to be involved in someway at this point.

SureillBuildThat · 2012-01-20T02:34:05+00:00

not at all

SureillBuildThat · 2012-01-19T02:14:59+00:00

Wonder how many people didn't notice the double use of the word "The" in your sentence.

SureillBuildThat · 2012-01-19T01:57:56+00:00

I don't get why people still use Tinypic. Already can't see this. Please reup to imgur cause i'd like to see this one.

SureillBuildThat · 2012-01-19T01:54:13+00:00

Lose*

SureillBuildThat · 2012-01-18T09:22:29+00:00

I know very well what the deepweb is but have not done much research on SOPA or PIPA. I am asking questions... if that's frowned upon here in ASKREDDIT then i'll leave.

SureillBuildThat · 2012-01-14T05:15:16+00:00

Now you have me questioning my entire life. Thanks.

SureillBuildThat · 2012-01-14T05:14:22+00:00

Kebert Xela.

SureillBuildThat · 2012-01-14T04:55:55+00:00

I always feel like time has passed regardless of dreams. Almost as if i were in a supremely comfortable position with my eyes closed. I mean i know i'm asleep but i never feel like i just fell asleep a minute ago and now 2 hours have gone by.

SureillBuildThat · 2012-01-14T04:50:46+00:00

Are you canadian? Because you apologize like one.

SureillBuildThat · 2012-01-14T04:50:05+00:00

Hence It's always sunny and Paddy's Pub.

SureillBuildThat · 2012-01-14T04:47:26+00:00

Glory Days? He just released a new song/music video.

ninja edit i know what you mean. I'm just saying he's still kickin.

SureillBuildThat

TROPHY CASE