Thread: Buying BTC
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Old 04-19-2013, 08:05 AM  
MikeRoth
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Originally Posted by Webmaster Advertising View Post
Oh a word of caution... BitInstant will deposit funds as BTC so make sure you do it right when the price is starting to drop to get the most bang for your buck.

Learnt that lesson the hard way LOL

Id also try getting an account verified over at BTC-E, that way, you can fund the BTC-E account and take advantage of their delayed prices on BTC then when the price on MTGOX is satisfactorily higher (around 10-15%) transfer your existing bitcoins over to MTGOX... Even with the transfer fee you should make a decent amount of extra $$
I would not recommend bitinstant.... They screwed me over. I transferred $180 when the price of bitcoin was ~$180. Their system is currently broken and there's a 1+ week backlog of transactions. By the time they processed my order it went through at $255, just moments before the crash. By the time the bitcoins were confirmed in my exchange account it was already down to $160. So what should have been ~1 bitcoin that I would recieve, I got 0.67 bitcoins, then immediately lost 25% of that .67 value.
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