Bitcoin Forum

So when the price went down to $114 just now I entered a 10 BTC order on Coinbase. Then this dialog box came up:

http://anonmgur.com/up/f040a49de77c59c9d352fa0e3a76250c.jpg

I just let this box sit there for several minutes, all the while the price has climbed back up to $120.

The box is still open in my browser. What happens if click confirm? Will I still get the 10 BTC for $1147?

Do it and see...

Yeah but I don't want to pay $121 or get fewer BTC if it doesn't work...

Doubtful.

That's a good question, let us know how it goes.

it refreshes to match current, so do it fast or don't do it

and yes, if you have a 50btc limit and you're willing to wait 3 days or so, you can time the price with that

I love coinbase.

It still hasn't refreshed...

I'm looking forward to the day when i can just upload $ to coinbase and have them sit there and then buy whenever.

it took a waiting period, but yeah, i can just click 'buy' when the price is low, and it will debit my bank account after few days.  I get the coins for the price I saw on th escreen at the beginning of the process.  They provide massive stability.  =)

Have a look at the postdata in the form in the page source. If there's some enormously long key/hash just being posted as form data, chances are it will use that price.

Would that make a difference?  As it is, they hook your bank account when you click 'Buy' - although it isn't deducted immediately?

I'd just like to see them have bitcoin at hand.  I've never had any difficulty selling coin - but buying it is completely unreliable.

So I can just spoof the form and set my own price? I would hope they are more secure than that...

Because you have to wait several days before you can sell the coins the current way.

no you cant spoof it or delay it, that's all server side.   you could maybe fool yourself into thinking you're not going to pay the required amount, but you would...

but if you bought 50 btc at $118 and waited three days, and sold it at $135, yeah, that's a profit.


/EDIT:  Don't do that.  there's no way to know future price

ya guess it does give a lot of stability. my story if anyone cares is that on the way up to 266 i bout at 100, 156, 230, I did not receive the ten coins on each till after the crash by two days. if i would have got them instantly i would have ben able to make money potentaly an all of the above. but since it took a while for them to debit my account and give coins it cost me somthing horrible. but i did get some at 55 and 62 and 68. so thats paying off now. does add stability to the market but just be carfeull and dont go overboard with it.

Meh... I totally would try if I were comfortable with the current price. But I'm not... volume is the lowest it's been all year. I'm not convinced BTC will even be $114 on Thursday.

My understanding from another thread has been that the rate they show you isn't what you get; you end up getting the coins at the market rate once the money clears. If that's the case, though, they really need to change their page so that it doesn't give people a nonsense exchange rate.

That's only if they've exceeded their self-imposed site-wide buy limit. Otherwise you get it for current price, you just get it a few days later.

Try spoofing a PGP message, let me know how that works out for you.