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Message
re: Bitcoin Casinos Release 2012 Earnings
Posted on 1/22/13 at 2:18 pm to LSUtoOmaha
Posted on 1/22/13 at 2:18 pm to LSUtoOmaha
quote:
What can you purchase with Bitcoins?
The bitcoin economy is still very small, but it is growing. You can buy electronics at BitcoinStore.com.
There is a bitcoin eBay-type site called BitMit
BitPay is a bitcoin payment processor that currently serves over 2400 merchants, including WordPress
Of course, there are gambling sites as well.
Truth be told, the bitcoin economy is in its infancy right now and there's really not much you can buy with bitcoins. But it is growing and it seems like there is some nice new development or growth in the economy every month.
I wouldn't recommend it to anyone to get started with purchasing bitcoins right now unless you are tech-savvy and willing to accept a great deal of risk. Or unless you just wanted to gamble online with it and then trade it back for USD when done.
quote:
Is there some type of exchange website where you can trade in Bitcoins for USD?
There are many exchanges out there. MtGox is probably the largest.
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