How to buy a physical Bitcoin?

How to buy a physical Bitcoin?
So that I can keep it like keeping gold for future appreciation.

 

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There is no such thing as a physical bit coin. That's kinda the point.

 

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There is. A company in Utah was making them, but I think they are out of stock so I would say Ebay. Because of it uniqeness, it has a serious surcharge and people bought it as a collector item... The earliest ones had a misspelling on them, making it even more valuable...

Google "casascius coin"

Edit: I have found one on Ebay, it is 1750$, so twice as much as the digital version... The first year version is $2200...

 

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A lot of companies make them, but they amount to little more than a fancy way to write down the code for the real (virtual) bit coin.

 

If I have bit coin, how to change it for cash?

 

You said there was no such a thing...

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For Saint, google the problem dude. bitcoins.com answers your questions

 

If you stopped reading there, then you misunderstood: a lot of companies are producing things that aren't real bit coins.

 

I don't see any website can sell me a physical bitcoin.

 

Didn't I tell you technically they exist, but practically the makers not taking orders??? Meaning that no, currently you can't buy physical ones. But you can print out your wallet (called paper wallet) and that is your physical bitcoin...

Edit: If you have 3K to waste and pay a 100-150% premium, Ebay is your place:

http://www.ebay.com/sch/i.html?_trk...asascius &_nkw=casascius&_sacat=256&_from=R40

 

the wikipedia gives some websites to buy it,
I am not sure which one is safest?
I am in Malaysia,
it seems that the banks here would not accept bitcoins.
Foreign bank like Citibank, HSBC, do they accept bitcoins if I want to change it for cash?

 

The Physical Bitcoins on eBay are collectors items.
They sell at a premium because of that.
Unless you want a collectible artefact, that is not the place to buy them.
Bitcoins are a virtual currency, usually bought through special exchanges created for the purpose.
The biggest exchange is Mt Gox. https://www.mtgox.com/
This was sold to Tibanne, an IT company in 2011.
Mt Gox has been trading for a few years now, and has not gained a reputation for crookedness.
If I was buying a bitcoin, that is where I would buy one.

Mt. Gox originally stood for “Magic: The Gathering Online eXchange,” and as you might guess, yes, Mt. Gox was first an online marketplace for the buying and selling of Magic: The Gathering cards. But that business didn’t last long, and it pivoted to a marketplace for buying and selling of Bitcoins in July 2010. Then, in March 2011, the founder sold the company to Japan’s Tibanne Co., which still operates Mt. Gox.

People sign up for accounts on Mt. Gox and move money from their bank accounts to the service. After the money goes through, they can use their credit on Gox to buy and sell Bitcoins.

http://venturebeat.com/2013/04/11/mt-gox-is-the-biggest-hurdle-to-bitcoins-legitimacy/

 

https://www.mtgox.com/ gives me BAD Gateway.

 

Odd.
It works fine now.
It may be that the site was down.

 

Seriously Saint, there are dozens of websites and FAQs about bitcoin, do yourself a favour and read those first. There is no point for us to educate you on the matter, when the info is already available...

Bitcoin.org would be a good start or Moronic Monday on the Bitcoin subReddit, when you can ask any stupid questions and someone will answer it for you...

 

I install Litecoin on my PC, it is synchronizing transaction, but took very long time.

 

What price would you buy at?
If they go down to $20, I might get one.

 

So shiny.....

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So shinny, but they are not Bitcoins. Bitcoins are barcodes or more simplistically and succinctly, a series of computer generated numbers created by an anonymous programmer or programmers.

 

Next time you are going to tell me that the numbers in my bank account are not dollars, they are just digital manifestations of my wealth. But I can pay with them at any place/site that accepts debitcards, so they are as good as real, paper dollars.

And if so, then these are bitcoins.

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Fun fact: Only about 8% or real, hard currencies are made of banknotes, the rest only exist in digital form in bank accounts....(I read it on the interwebs)

 

No, if you have dollars deposited in a bank, you have dollars in that bank. You have ownership of a legitimate widely recognized national currency. And you can transfer those dollars via wire, debit card, check, or take physical possession of those dollars. There is a difference between a real currency and a virtual currency. The dollar is a real currency backed, monitored, and regulated by a sovereign government. You cannot do all of those things or make similar claims with your Bitcoins.

When you buy a Bitcoin, you are purchasing a barcode which you hope to be able to trade for something else. With the Dollar, there is no hope involved. The dollar is tradable, it is legal tender. It is created by a government and backed by a government. As I said before, Bitcoins were created by an anonymous developer. Bitcoins are not legal tender in any country.

Actually, that isn’t correct for the US – not that it matters much. For the US, about 11% of the monetary supply is hard currency like Federal Reserve Notes and coinage. It doesn’t change the fact there is a difference between legal tender and Bitcoins.

http://www.federalreserve.gov/RELEASES/h6/current/default.htm

http://www.federalreserve.gov/faqs/currency_12773.htm

http://en.wikipedia.org/wiki/Legal_tender