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BitCoin Question?

Bosnia

Onyx user!
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So i want to buy things from this site does coinbase a good source and trust worthy thing i can use bitcoin with im very confused what it is really aswell!
 

Fedora

Well-Known Member
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Yes Coinbase is very trust worthy.
And Bitcoin is a form of decentralized currency, basically like paypal, but not as stable as the price can rise and fall without warning
 

Bosnia

Onyx user!
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Fedoras said:
Yes Coinbase is very trust worthy.
And Bitcoin is a form of decentralized currency, basically like paypal, but not as stable as the price can rise and fall without warning

so when people ask for BTC 100 its more than 100$?
 

Fedora

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emsal said:
so when people ask for BTC 100 its more than 100$?

No, If say User A is selling a product for $100 BTC then you pay that same price with BTC, but say you bought 200$ BTC earlier last year when it was around $220 for 1 BTC then now it would be around $400ish BTC since 1 BTC = $392
 

Bosnia

Onyx user!
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Fedoras said:
No, If say User A is selling a product for $100 BTC then you pay that same price with BTC, but say you bought 200$ BTC earlier last year when it was around $220 for 1 BTC then now it would be around $400ish BTC since 1 BTC = $392
ok so i can just send 100$ paypal to coin base and it would be 100BTC then send that to the person im buying from correct?
 

Fedora

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emsal said:
ok so i can just send 100$ paypal to coin base and it would be 100BTC then send that to the person im buying from correct?
I don't think coinbase accepts PayPal, but I think they are 1:1 so I am gonna go we yes.
 

Bosnia

Onyx user!
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Damn do you know anything i can use that accepts paypal thats simple to use all this shit is so confusing
 

Fedora

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emsal said:
Damn do you know anything i can use that accepts paypal thats simple to use all this shit is so confusing

You can try the currency exchange section here, but it would be hard to find someone since you are new, and you will also probably have to pay 10-15% rate so for 100$ PayPal you can get 85-90$ BTC
 

Ambien

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To use PayPal you need hella verification, those people that sell the coin don't want a chargeback on them, I don't think you'll be able to find a site
 

Bosnia

Onyx user!
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Fedoras said:
You can try the currency exchange section here, but it would be hard to find someone since you are new, and you will also probably have to pay 10-15% rate so for 100$ PayPal you can get 85-90$ BTC
Damn im really confused wit hBTC still sorry im dumb