Bitcoin machine

Do you mean the Coinstar machine, the one where you can exchange your coins for a monetary voucher, they have one in Carrefour.

marcliff wrote:As it's called the shitcoins club I think I'll pass.

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It’s on the top floor near Punt Roma. How it works, I know not.

First you need to make a digital "wallet". There are different types with varying levels of security. Basically once you have one of those, you can go to the bitcoin machine, pump in a bunch of notes and have the machine send the equivalent amout in bitcoin to your wallet. Minus commission of course. My current understanding is that you can do the reverse using that machine if you want.

If you want to dabble and familiarise yourself with cyrpto before the governments bring their own versions out, go for it, but nothing beats good old fashioned cash or physical assets.

Gold sovereign would be a much better way to go IMO.

Gold was used in the bible and 2000 years later and it still retains its value.

No bitcoin companies going bust, losing your password, having your account hacked, the currency to crash, the Governmant to make it illegal etc etc.

You can go anywhere in the world with gold sovereign and the buyer will know exactly how much gold is in a soverign. (0.2354 troy oz)

Steve wilkins wrote:First you need to make a digital "wallet". There are different types with varying levels of security. Basically once you have one of those, you can go to the bitcoin machine, pump in a bunch of notes and have the machine send the equivalent amout in bitcoin to your wallet. Minus commission of course. My current understanding is that you can do the reverse using that machine if you want.

If you want to dabble and familiarise yourself with cyrpto before the governments bring their own versions out, go for it, but nothing beats good old fashioned cash or physical assets.

Your good old fashioned cash loses its value every year.
The euro has lost 36.9% of its value since 2010.
If you had decided to invest 100€ in Bitcoin in 2010 you would have 1.54 BILLION today.
Silly old Bitcoin