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It is QUICK BITCOINS BTCPANTRY.COM
Basically saying that you can make some quick BTC if you sell some baked goods.
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Close, but the BitInstant will allow BTC to cash at the swipe of the card. Not a few days before.
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All of my messages fly coach.
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Bitcoin is like giving guns to every human in the world.
On the upside, it empowers people.
On the downside, it empowers people.
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Probably BitFloor. You can deposit to your account there by making a cash deposit at any Chase branch.
Once there, if you place a buy order that doesn't fill immediately and goes on the books you'll get a 0.1% rebate. If you'd prefer to have your bitcoins immediately, you can place a higher bid that executes against the existing sell orders on the books and still only pay a 0.4% commission (which is cheaper than you would get anywhere else anyways).
Also helps that prices there are generally lower than at any other exchange.
Not too shabby. I also noticed on Bitfloor's website that they allow ING person 2 person transfers for free. I have an ING account. That would be very convenient. |
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With so many different ways to exchange $ for BTC these days, I would like to catch up and find out what is the cheapest for, say $2,000, twice a month.
That would be $2k in a bank account.
And what would be the steps to go from that $2k in my account to BTC in my wallet?
Thanks.
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It turns your bitcoin wallet into a bank.
That is well worth it in my book.
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Pirate might be an agent for a larger organization with a goal to destabilize the Bitcoin community and give it a bad name.
actually you sound like that agent. Says the agent. |
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On second thought, I am not sure this is all that great for paying bills. I forgot to take into account exchange fees. Adding just 1% to the monthly bills is no problem considering the value of Bitcoin will likely go up more than 12% per year. But adding a few more percent just to convert $ to BTC then back to $ would likely not be worth it.
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I am salivating right now. This goes beyond just helping to get bitcoins out there. It is a very useful card as well.
The way I see it is this. Right now I have a weekly budget. I have my direct deposit go into one account, then it moves a week's worth of spending money to another checking account. My wife and I use the spending card for our day to day spending while the main account is used for bills.
Now, with this, I set up a Dwolla instant transfer every day I get paid. It goes to MtGox and gets converted to BTC. I then set up a weekly transfer to my BitInstant card for my weekly spending budget.
One question I have is...can I use this card to pay for bills online? Many of my bills accept a debit card for automatic payments.
If I could get all of my bills paid with this I could have all of my money converted to Bitcoins through my direct deposit of my paycheck. The only reason to have a bank account would be to send my direct deposit from work to Dwolla.
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Do not forget to have enough funds to push the market either way to make people who are leveraged lose their money. Then return the BTC to the market price.
AKA The Manipulator
The house doesn't make more money when the liquidation of a position is forced as opposed to triggered by the user. Say I am shorting 10 BTC at 10:1 at the price of $9/BTC. At $9.5 I am forced to liquidate. If the price jumps up to $9.4 then returns to $9 I am still sitting at the same 10 BTC. If the price jumps up to $9.6 then returns to $9 I have zero BTC. Who gets those 10 BTC when it jumps up to $9.6 then back? |
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My dad receives a check every month from a ponzi he contributed to all of his life, so I know that it is possible to keep paying out on a ponzi scheme.
If you're talking about social security do me a favor and slap yourself in the head. Well, that is one ponzi scheme that will NEVER fail... right...  I cannot wait to start receiving my checks in 30 years! |
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My dad receives a check every month from a ponzi he contributed to all of his life, so I know that it is possible to keep paying out on a ponzi scheme.
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The price was rising slowly based on more than just the ponzi scheme. There are a lot of advances and the block reward is dropping in half. This means that we are outpacing the 50% inflation at the current rate. When the inflation rate is cut in half and we continue at this rate, that means a 25% increase in value yearly at least.
Pirate dropped about 10k BTC last month and the price dropped from $9 to $8. He dropped 100k BTC over the weekend. It was bound to fall. He can only drop it that much 4 more times.
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Hmm, last I checked Pirate has over 400k BTC, the most of anyone else.
His strategy is to buy high and sell low.
So...if you want to be rich like Pirate...buy high and sell low!
I am buying up a buttload right now hoping for a drop so I can sell sell sell!!!
PROFIT!
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Do not forget to have enough funds to push the market either way to make people who are leveraged lose their money. Then return the BTC to the market price.
AKA The Manipulator
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I did this once. Went to that bar in Orlando that accepts Bitcoin. Bought a beer and some nachos and paid in Bitcoin. What they did not know is that I overclocked my CPU at home to 66MHz and executed the 51% attack perfectly.
By the time I walked out, the Bitcoin I had used to buy the beer was back in my wallet and nobody was the wiser.
Though when I got home, my overclocked computer was fried. Lost all of my favorite gifs and clean Win3.1 install.
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One hundred MILLION dollars!!!! Ahahahahaha!!!
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