BitCoin as preferred payment on SS

A

Abossy

Active Member
Silver Stacker
Would it violate any forum rules to ask for BitCoin as the requested payment for a Silver sale in the trading sub forum?

Interested in buying some BitCoins and thinking about trading some of my stack for some.
 
I always add in FS gold/silver/platinum/Bitcoin/Fiat..

No reason why not..

Do you have any GOLD rather than silver?, i may trade some bitcoin for gold if you are interested.

1for1
 
To answer your OP - afaik, no.

And in addition to the 2 stackers above who will take your bitcoins, you can also try this one
 
XB said:
To answer your OP - afaik, no.

And in addition to the 2 stackers above who will take your bitcoins, you can also try this one
Click to expand...

Like anything, a price needs to be agreed in order for a trade to occur, so pricing of the silver/gold and the current rate of bitcoin needs to be established and agreed else a trade will be difficult.

The price of Bitcoin is currently under $50 AUD yet its probably hard to source for under that.. conversely.. in that trade would you trade spot for spot.. or with the premiums that come with physical silver.. anyway these factors make the trade a little more tricky.. with compromise and good trading methods its actually easy.. and you only need one buyer/seller to sell a deal.

1for1
 
1for1 said:
XB said:
To answer your OP - afaik, no.

And in addition to the 2 stackers above who will take your bitcoins, you can also try this one
Click to expand...

Like anything, a price needs to be agreed in order for a trade to occur, so pricing of the silver/gold and the current rate of bitcoin needs to be established and agreed else a trade will be difficult.

The price of Bitcoin is currently under $50 AUD yet its probably hard to source for under that.. conversely.. in that trade would you trade spot for spot.. or with the premiums that come with physical silver.. anyway these factors make the trade a little more tricky.. with compromise and good trading methods its actually easy.. and you only need one buyer/seller to sell a deal.

1for1
Click to expand...

Agreed given the volatility of BitCoin especially so.
 
SilverAteMyMonies said:
unbacked currency!!!! =D
Click to expand...

True.. bit (excuse the pun) we need EXPENSIVE RIGS to mine it.. but yes you are correct.... and i see that as a major negative especially when i know how much i value gold and silver in that regard - however its not a straight comparison as bitcoin can be transacted internationally without postage or a 3rd party or rip off commision agent.. gold and silver is technically not insurable even within australia so bitcoin has its advantages.. but as a store of value (longterm) you are correct.

1for1
 
I havnt come across anyone that has delved into the collection of bitcoins, i had a fair look at it myself a few weeks back. I decided on buying physical though.
 
I'm 20% in bitcoin and I mine them. I'm up more this week in bitcoin than I have ever been in silver. But I'm in silver for the long haul so I'm not worried about the short term price, bitcoin is for fun :)
 
Been looking at mining them myself, I have access to over 1000PC's at work that do nothing for 16 hours a day on average, not to mention the insane servers I work with that do nothing for 12 hours a day after backups and out of hours tasks are taken into account. Each one is not powerful on its own, but throwing that amount of raw power into it has to produce some results
 
remember CPU mining is not worth it. A i7 3930K can only do about 15 megahash per second. a cheap $99 Radeon 7770 graphics card can do 250mh/s
to put it to scale a 2 Gigahash setup (3x 7970's @1200mhz)can only make you about 0.2 bitcoins per day. If you want to GPU mine you need excelent equipment. FPGA and ASCIs are the only real way to get rich quick for cheap.
 
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