>tfw nocoiner living in 3rd world
>want to buy buttcoins
>pay fees turn own currency to dollars
>even the cheapest BTC are being sold about 300-400 dollars above the market price
>bank fees while transferring funds to seller
>seller's own fees
>transfer BTC to exchange
>fees for every trade on the exchange
>decide to withdraw
>withdrawal fees
>decide to sell buttcoins
>have to sell below the market price
>pay fees to firm buying
>pay fees to bank for transfer
>pay fees to turn dollars into own currency
wow great way to invest and make money 10/10
>>3492172
I feel you man. Southamerica friend here.
>>3492172
you never withdraw
>>3492172
Yeah I went through a similar process, but was fortunate enough to buy in when BTC was $2300 per coin. best of luck OP, hope it works out for you.
>>3492406
i got mine when they were 10 bucks and sold during the 2013-14 pump. im out since. also lost in both mtgox and btc24. you probably dont even know what they were. this is a scam and a ponzi scheme. hope it will be done with soon
>>3492187
These 1st world folks have no idea how easy they have it, both for crypto and everyday shit
>>3492374
I have no real long-term faith in BTC though, tether will probably collapse, exchanges will get hacked or fraudulently shut down, governments will intervene, it's getting dated and too big for itself. It's a hot mess. If I ever get in it's in the hopes of making a quick buck and dashing before a collapse.
For long term Monero seems the most promising but I don't know much about it.
>>3492406
>>3492506
With so many fees you either have to invest a pretty big amount or wait a few years and hope the price balloons like it did this summer to make any serious money. I don't have too much to invest and I don't think BTC has much of a future so I don't think I'll buy a serious amount.
I don't understand why can't you just buy from Coinbase and let it sit there.
>>3492172
>be 3rd world nocoiner
>buy $300 worth of btc from Coinmama when btc was at $2300
>Coinmama is expensive but I consider it an investment
>Get shitload of money after 3 months
>Open payoneer account
>Sell btc to random people at localbitcoins
>They transfer the dollar payments to payoneer
>withdraw the money from any atm
Jeez OP you make it look really complex when it's super easy. You can even sell bitcoins through Western Union
>>3493072
Jewbase doesn't sell btc to spicland
>>3492172
this is why you are fucking poor. you make stupid decisions with money.
>>3492172
if you believe in BTC (I don't), you don't buy to sell soon but to hold long term
>>3492172
Buy over marked, earn more, sell over marked..
>>3492949
Decentralised exchanges will become mainstream before current exchanges collapse or the governments can close them down, not every country is a dictatorship like china.