Yes, that's a fair question, but I'm no expert, still very much a (determined) student.
As I understand it, there are several ways to own an actual bitcoin.
First you must set up your 'electronic wallet'. Its pretty easy and there is plenty of advice about that on the net.
One way is to provide a service or sell something you own and ask to be paid in bitcoin in to your wallet. Ok in the US, but a bit too soon in Australia for that I think.
There are bitcoin ATM machines in Melbourne, where I think you can buy them. I have not spoken to anyone who has done that.
The third way is to buy them from an exchange. Once you open an account with an exchange of your choice, (easy) you can trade bitcoin, buy or sell them, or just trade the currency pair. Ie. buy the USD/BTC at the current rate, and sell it at better rate later.
MEJ will be doing all of this once its up and running. New exchanges are popping up and MEJ should have a great advantage by being the first in Australia.
Keep us posted on how you go.
MEJ Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
