I would greatly appreciate if anyone can explain to me how to make the transfer
Another approach is with a mobile to go to EasyWallet.org and use one-touch to scan and redeem the paper wallet. Then when that transaction confirms you can send the coins to your blockchain.info wallet. Just be careful to bookmark and save a copy of the EasyWallet URL for the wallet that they provide to you as that is the only way to access your wallet if for some reason you lost your phone between when you scanned the private key and when you later go to spend the funds. |
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There is a support thread here in the Newbies section, have you tried to contact them there?
They probably don't monitor the newbie channel so definitely re-post your issue in their support thread: Official BitInstant Support Thread (Active Customer Support) - http://bitcointalk.org/index.php?topic=128314.0 |
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As I understand it, I need to make a new OS on a fresh USB (will liberte linux work?), download the bitcoin client, disconnect from the internet and go to bitaddress.com, generate a single wallet, save the address to the client and write-down (I don't have a printer) the private key. Then send the coins from my email to that address and I'm set?
That's a secure method that you would follow for long-term holdings of bitcoins. Eventually when you want to spend those coins you would import the private key into your Bitcoin-Qt wallet or some other method. Now if you aren't confident that your primary computer is secure for holding bitcoins, an EWallet with two factor authentication will protect you even with a compromised system. This is because an attacker doesn't have access to the OTP from the second device (e.g., mobile smartphone). Which Two-factor authentication methods are available at which exchanges? - http://bitcoin.stackexchange.com/questions/4113 |
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BTCSportsBet is the sportsbook associated with their exchange. The hold is outrageous and unplayable.
I had to read up to see what "hold" is: *For those interested, the hold percentage is configured by adding all of the implied probabilities for each team together. Implied probability is the percentage needed to break even over a long period of time at any given odds. For example, someone betting at +200 odds would need to hit exactly 33.33 percent of the time to break even. Therefore, the implied probability at +200 is 33.33 percent.
Once you’ve added all those up, it will result in a number like 120.62%. We’ll call that “x.” The hold percentage is then determined by using the formula 1 – (1/x). Have you done (or could you do) a comparison to some of the others from this report? - http://www.beyondthebets.com/hold-percentages-which-books-in-vegas-offshore-are-keeping-the-most-for-themselves/Incidentally, you can fund a 5Dimes account with bitcoins using someone who will do an account-to-account transfer: Fund your 5dimes.com acct (a leading casino/sportsbook/poker site) using bitcoin - http://bitcointalk.org/index.php?topic=134599.0 |
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There is no global pool of coins that a single user deposits into or withdrawals from.
This "global pool" is what is sometimes referred to a hosted (shared) EWallet. Even with a hosted EWallet the exchange is likely recording the blockchain transaction ID for any withdrawals, making there be a complete audit trail of the exchange from USD funds to the withdrawal of BTC funds. So if transaction privacy is preferred then some method of mixing should be considered regardless of the exchange you use. This can be as simple as sending the coins to an Instawallet and manually splitting the amount up by manually withdrawing a fraction of that amount over a period of time. Or paying the fee to have Blockchain.info/wallet's mixer take care of it: - https://blockchain.info/wallet/send-anonymously |
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Please look closely at what happened last time the value shot up so fast. That was then. This is now. - Plus other factors, like Irrational Exuberance in the community*
The market can remain irrational longer than you can remain solvent [betting against it]. Common sense tells us the current rally is over, sorry. One thing is certain -- without there being plenty of convenient and secure methods to "go short" bitcoin, the longer the exchange rate goes up at this pace the sharper the selloff when one comes. The total valuation (which some refer to using the misnomer "market cap") of $300+ million exceeds by a wide margin the amount actually needed to support the level of BTC transactions that are seen on the blockchain today. And looking at the exchange trading volume, the current levels are triple what they were in 4Q 2012. If that isn't sustained, there could easily be a sharp pullback.  - http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyzm1g10zm2g25zvzcvOr this is the new normal and there's more upside to come. Who knows? |
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My tip is to meet at some sort of table and set up a camera to monitor the transaction.
For extra security, have the camera recording to some sort of remote server.
If you intend to record video or audio then as a professional courtesy you should disclose that in advance. Many trading for cash are doing so with the preference for privacy and you recording that transaction conflicts with that. Additionally, there are unintended consequences. Your camera setup will draw attention from bystanders and thus increase the risk of a potential robber seeing a wad of cash change hands -- something that might trigger that person's split-second decision to relieve you of that cash. If you are trading a larger amount of funds it makes sense that you might want to use some of the same tools that would be employed by any financial organization dealing with similar amounts. For instance, to confirm the cash contains no counterfeits involves having adequate lighting and the liberty to raise each bill to the light to inspect the security features. For a small amount that can be done inconspicuously even in a coffee shop, but try doing that from a sample of fifty bills and you'll stick out like a sore thumb. I don't know the threshold but trading a couple hundred dollars worth of coins is going to be a night and day difference from a trade involving a thousand dollars or more. Remember too the saying that you don't bring a knife to a gunfight. If you are thinking a camera will protect you from physical harm, you might be projecting too much significance with that mode of defense. |
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Is it possible for Mtgox, or some other exchange to manipulate BTC price, by introducing fake buy / sell orders?
Possible? Sure. There's no information disclosed as to which account has placed an order so it is entirely within the realm of possibilities for an exchange to be engaged in attempts to manipulate the price without any of us having a clue it is not a legit customer order. What neutralizes that is that there are competing exchanges. Price is determined by systemic supply and demand, so if an exchange has sell orders priced below another, arbitrage occurs and those cheaper coins will be bought and moved to markets where they are valued at a greater level. The same thing happens at exchanges where buy orders are higher -- coins will get transferred there and sold, and the markets will generally equilibrate. Now not all exchanges offer the same fees, set of features, and conveniences so there could consistently be differences in price. For instance, lately bids at BitMe are above those at Mt. Gox, presumably because USD funds can be transferred to BitMe using a cash deposit method at a Chase bank branch. There is greater demand for coins at that particular exchange than supply from those providing arbitrage, likely due to increased volumes occurring resulting from this recent rally. Exchanges know information such as the the time and amount of customer deposits so at best it would be unethical for them to trade against their customers based on that information. In most jurisdictions this would also be illegal. Exchanges make their money from exchange trading fees and those fees increase from larger volumes that come from operating an efficient market. Thus it is against their long term ambitions to be manipulating price for a short-term gain. Also, if price manipulation with fake orders was occurring we would hear more reports of orders placed not getting executed at the expected price.'' Either way, we aren't forced to buy or sell, so simply if the price on one exchange doesn't suit you simply don't trade there. |
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Will they accept it? Delays?
Are you talking about the transfer coming from another financial service (e.g., CurrencyFair or TransferWise) or are you instead talking about a transfer from a person or corporation? |
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Would it be possible for the client to let the user designate the change address?
When sending bitcoins using blockchain.info/wallet, a hybrid E-Wallet, I have the option to choose "Custom" and then am given a pull-down select box where I can choose which address in my wallet to use for change or to choose "New Addess". Those using the normal "Quick Send" method instead don't see the wallet details like that though. |
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The one reason I can think of is because they would rather hold their value in bitcoins instead of dollars before they are spent.
Exactly. If accepting bitcoins draws in customers for a merchant then bitcoins will be a payment method considered. There are online gamblers, for example, who are winning (yes, some do win) and who aren't planning to cash out via an exchange. They will spend bitcoins at merchants. Another angle ... merchants can easily sell USD gift cards online in exchange for bitcoins. |
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Since the company would not actually be selling anything but just be allowing someone to buy an item through a different kind of payment is the sales tax still the responsibility of the purchaser (the person who used the bitcoin in the first place) to report as it is now?
Right now as it stands the buyer of something online is required to report that on their taxes. A merchant that sells items is normally the party that collects from the customer for sale taxes. If you have a sales tax exemption certificate filled with the merchant because you are a reseller then you are responsible for collecting the sales tax from your customers (where sales tax is applicable). |
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Hey everyone. I'm looking for a chart or table illustrating the change in BTC price compared to dollars. I have been looking because I'm attempting to create my own chart in excel for a project of mine. Can anyone help me out? I've looked for a quite awhile but I cannot find a good resource.
The "load raw data" link in bitcoincharts gives the underlying data. I plug the historical data once a month into a spreadsheet on Google docs. I'm using a mobile at the moment so don't have the link handy. Search for bitcoin historical data and the link is probably a minute or less away. - https://docs.google.com/spreadsheet/ccc?key=0AmcTCtjBoRWUdHJuUE1mUkFxa3A0eHBDQkxZLVVFZmc |
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I would like to point out Bitinstant no longer offers paypal however we still do at bitcoinbuddy.blogspot.com c: just hit me up if you are interested
Just to clarify, BitInstant never accepted PayPal funds. They do cash-out to PayPal (i.e., with funds from Mt. Gox, Dwolla, BitSTAMP, etc. ) and still do that today. |
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If you pay attention to the thread that you are commenting in, it should be clear.
Ah, got it. More often than not when someone is asking about a "public key" they are simply referring to a Bitcoin address. The question comes up because most ledger systems require an "account number" or similar to be created in advance before transactions related to that entity can occur. So the question comes up from people wanting to know where each and every bitcoin address that exists is stored. And the answer to that question, of course, is that bitcoin doesn't require an address to be known by the nodes of the network before it is used. So addresses exist without the rest of the network knowing about them. (e.g,, by default 100 addresses are in each node's keypool which the rest of the network does not know anything about.) |
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i am looking for buying/sellinge moneypaks. interested people reply me asap
Moneypak are sold only in the U.S., so I am curious why you would post this in the India forum board. Also, I just wanted to put out the caution to anyone unaware that moneypak are not like cash, the funds could be reversed if the original buyer who has the receipt claims that the code was lost or that fraud occurred. When buying bitcoins and paying with a moneypak, consider escrow, especially if the seller does not have a trust history. |
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Whats the next step from here?
Well, bitcoin transactions are non-repudiable. You cannot cancel, and you cannot reverse. So you wait. If they are not confirming simply because of no-fee, that problem should resolve itself in a matter of hours. If they are "spam-like" it could take a day, or maybe a tiny bit longer. If they are not confirming because they have been double spent (and blockchain.info will detect this and warn you of this having occurred), then you have a different problem with resolution that will vary based on which client you are using. It has been a while since your initial report. Does the transaction(s) still show as being unconfirmed? |
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