Bitcoin in Lebanon

arithma · 2013-03-05T19:26:17+00:00

Hello I recently (not nearly a month ago) bought 9.5 BTC at a total cost of ~$315. Now they're worth $378 if I needed to sell them. That's a good 20% return...

MrClass

MtGox website down again; those noob traders panicking again; BTC price going down again...

MrClass

I guess they are running their website on EA's SimCity servers :P

xterm

You've got to owe it to this guy.

crisuch

Hello,

I'm newbe in this forum, and in other forum (bitcointalk.org). I write in LebGeeks in order to know if anyone has some information about this company:

http://cedartec.net/

They are supposedly bitcoin ASIC developers from Tripoli, Lebanon, but there is no reliable information about them. Actually, in bitcointalk, they are considered a SCAM.

https://bitcointalk.org/index.php?topic=170739.0;all

Some one has any information?

Thanks

Shalashtein

i didn't browse all the replies but you guys can always buy bitcoins for less over the deepweb using skidrow to ensure your money

rolf

I'm trying to create a payment portal for customer for small payment (under $500 - for bigger sums bank transfers or Western Union are OK).
I've had a hard time with credit card gateway providers, they somehow mostly expect a merchant website to be set up and sell well-defined products. I just want to get paid for various small services.
So I'm looking into having the customer somehow buy bitcoins (using a CC hopefully) and send them to me - if I can find a straightforward way to implement that since customers are mostly weak in computer stuff to start with (that's why they pay me!), but haven't had too much luck either so far... any ideas, since we're on that topic?

arithma

rolf wroteI'm trying to create a payment portal for customer for small payment (under $500 - for bigger sums bank transfers or Western Union are OK).
I've had a hard time with credit card gateway providers, they somehow mostly expect a merchant website to be set up and sell well-defined products. I just want to get paid for various small services.
So I'm looking into having the customer somehow buy bitcoins (using a CC hopefully) and send them to me - if I can find a straightforward way to implement that since customers are mostly weak in computer stuff to start with (that's why they pay me!), but haven't had too much luck either so far... any ideas, since we're on that topic?

Maybe https://bitpay.com/ can help?

az09za90za

i'd say it will go higher, like 500? USD on mtgox what do you think guys ?

MrClass

Samer, I'm trying to understand why did the price skyrocket in under a week. Did BTCChina have an increase in number of traders? Is there a relation between Silk Road 2.0 and the BTC price increase? Shall we expect a massive drop like last time (you know from 233$ to 55$)? Is it safe to keep the bitcoins or is it better to sell now (with this high price) and hope another price disaster strikes back?

rtp

there was recently a theft of bitcoins, or that is what i read anyways
story 1
story 2
enjoy

az09za90za

im not economically experienced , but ill share how i see that thing :
now with the bitcoin is opened to one of the largest economy in the world (china ) which is rapidly growing , i think the containing of bitcoin wont be absurd for that "successful" economy , this has been planned , and opposite to usa who limited bitcoin (the dropping economy) , china is doing great! , so i think there will be more and more happy traders everyday, and it will lead eventually for price rising . and for the price dropping , i think it will happen , but as lately , the bitcoin will rise again.

rtp

what is the easiest route to buy bitcoin?

rtp

what is the easiest route to buy bitcoin?

In Lebanon, the cheapest and most effective option is to send money to the exchange via bank wire transfer.

Any exchange recommendation ?

rtp

btcchina registration is in chinese, seriously!
btc-e is as you described.

from bad to worst.

after I exchange the BIT to dollar, how do I receive my money?

by the way thanks a lot samer!

MrClass

From 395$ down to 300$ then back to 350$ in 12 hours; crazy.

I'm thinking of selling out and getting a 600GH/s miner. The machine will pay itself in under a month. What do you think?

MrClass

Well I'm still looking for the best BTC miner out there. The BFL 600GH/s miner sounded good because I can just place it into my already cooled case. Though I'm very tempted in getting a ready made miner case. Hash Fast has a 1.2GH/s miner, CoinTerra has a 2GH/s miner but can't be shipped anywhere (just local pickup or hosted service).

I know BFL products have heat issues; their previous generation of miners have somehow flawed case designs. Many actually run their setup with the covering case; others actually drilled holes for the miner to breath. Do you think BFL products are prone to early failure?

I have used this site to speculate BTC mining profitability: http://www.bitcoinx.com/profit/

MrClass

After some thinking, the HashFast Sierra 1200GH/s sounds much better. Also took into consideration worst case scenarios like bitcoin difficulty reaching 1,000,000,000 and bitcoin price going down; this unit which lets say will cost 10000$ can pay itself in under 2 months.

rtp

in a week it jumped $300 that is crazy!

MrClass

I did something stupid today. Bitcoin crashed from 608$ to 535$. I noticed the crash when it was 535$ and freaked out and sold my bitcoins. In few minutes, bitcoin price went up to 580-590$, then to 600$. Apparently the bubble pop lasted 10 minutes only. I bought at 590$ fearing that the price wouldn't go down; well it didn't, but I lost half a bitcoin darn it.

I think lesson learned: never sell your bitcoins till you reach your target. Lost about 13 bitcoins since the last crash in April 2013 :S

MrClass

Bitcoin now at 730$. Sorry but I got to say WTF!

So yeah minor set back today but I am still happy.

Regarding mining bitcoin, it turned out that getting miners was a hard deal. The good ASIC miners can be ready by January at the soonest. So the difficulty would be impossible by the time I get my hands on a unit. Let's keep our bitcoins as is till the price reach the moon; and by moon I mean 100K ;)

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