How to Get Bitcoins: A Fairly Comprehensive (Yet, To-The-Point) Guide

How to get BTC

The recent drop in Bitcoin’s price may signal you that it’s a good time to buy and invest in bitcoins. If time is money, then let’s not waste any time at all. You can own bitcoins or a fraction of a bitcoin by determining which of these three methods work best for your situation.

Buy Bitcoins:

Assuming you have some cash or money on hand, you can simply find an outlet/channel that can sell you bitcoins directly. Since cash is king (for now), this is the fastest way to get your hands on some bitcoins. This is further divided into three ways to buy:

Bitcoin Exchange: This option is especially ideal for those who intend to buy bitcoins as a speculative vehicle—you know: buy low, sell high, repeat. It is ideal because this is the most cost-effective way as exchanges charge much less in terms of fees compared to how much you end up paying if you buy from a bitcoin ATM. [Read more…]

Hong Kong’s First Blockchain Hackathon: What to Expect at HackCoin 2015

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Hong Kong’s startup scene is still very young and too few computer science graduates decide to build something of their own or join a small young team that truly wants to change the world. However, one amazing thing about Bitcoin is that it is permission-less. Anyone can build applications the way they are used to by downloading the necessary code and running it on their own machine; not by filling out application forms and waiting for approval. While Bitcoin and encryption at large is perceived to be complicated, many frameworks already exist that make developing on top of it easy and safe. We need to create opportunities for young coders to build on top of this technology and show how quickly the applications for the next generation of financial services can be developed.  We need a blockchain 2.0 hackathon.

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Why Bitcoin Should Matter to You and Hong Kong

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Almost everything in our life has been impacted by technology that changes the way we do things to be better, faster, cheaper, safer, and smarter—be it in transportation, architecture, communication, etc.

But, if we truly live in a globally-connected world, why are we still paying high middle-man fees, while our banking transactions still take around 3+ business days to go through (and God forbid if your signature on that bank document is slightly off for some reason that day)? There should be a smarter and safer way to make transactions.

In some ways, Hong Kong’s MTR-issued Octopus card has made daily purchases frictionless and fast. Making payments in bitcoins can be just as convenient, and unlike the Octopus that is only useful within the borders of Hong Kong, bitcoins work pretty much like cash without borders. You can use bitcoins to pay anyone in the world in any amount you desire, instantly—even to reload your overseas bank account or pay off that college loan you took out while studying abroad, at a fraction of the cost of traditional wire transfers. “Huge” would be an understatement when talking about the potential that the Bitcoin protocol has in disrupting the world of finance.

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