I guess I thought it would be easier. I’ll have to figure this bitcoin thing out.
Forget about what your money is worth in bitcoin. That part you’ll never have to figure out.
I just started using it this last year.
Coinbase is the easiest to get started with since you don’t have to verify your identity to excessively. So, let’s say you want a lot of steroids and have the funds to do so. You buy bitcoin with it.(which simply means you wire transfer money from your bank to a bitcoin account that is also your account - your new bitcoin account)
The only annoying part of Coinbase, is you have to wait 2 weeks for funds to be available after you wire transfer (which might give you time to try a small order out from the source to verify legitimacy using western union or money gram)
So let’s see 3-4 weeks later you’re ready to buy using bitcoin. You go through checkout and get their bitcoin ID # - and you paste it in the Send Bitcoin/Money (not minding at all that you are sending 0.0286767688 bitcoin-not important)
The application will do all the conversions. The only thing you need to know is the dollar amount and the sellers ID.
One thing that’s quite fascinating. Bitcoin market price varies wildly. So while you may have deposited $750 in your bitcoin account, you may go to purchase and have $690, or $1040. I made $100 on just $400, just happened to buy when it was low and it made a huge jump while I let it sit in the account.