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261  Economy / Trading Discussion / Re: What items are best purchased with bitcoin? on: July 20, 2014, 05:50:01 AM
sometimes you wanna buy things "on the under".... i don't care to mention every such thing here, but the point is, the wife looks at the credit card bill/bank statements. but not the bitcoin wallet txs! Grin
262  Bitcoin / Bitcoin Discussion / Re: Could the US government gain control of Bitcoin? on: July 20, 2014, 05:48:36 AM
If the U.S. gov indeed does start sucking up all of the coins,
BTC value would surpass over 1K.
But then they'd tax everything.
GDI 'Murica.

And if you get tired of everything and want to expatriate, you get taxed too!

you mean like an exit tax? or do you mean the income tax after $80k? can you renounce citizenship in the USA and get out of paying taxes permanently? that would be interesting.... Smiley
263  Other / Off-topic / Re: Do you enjoy eating Shawarma? on: July 20, 2014, 05:46:03 AM
i love me some good shawarma. thanks for reminding me -- i haven't had it in a while. maybe i have it for dinner tonight! Smiley

so what in the hell is going on in this picture? Huh
264  Other / Beginners & Help / Re: signature area on: July 20, 2014, 05:44:47 AM
What is the best paying one for newbies?  Embarrassed

There are only 2 campaigns for you to choose from, 777coin and scratchticket.
For newbies, 777coin pays you 4000 satoshi per post if you have made at least 20 posts a week; while Scratchticket pays you (200satoshi * activity level) each week if you have made at least 25 posts a week.

So obviously, 777coin's rate is much better. Wink

you may be able to do both, though. i saw someone posting around the forums and he had both the 777coin and scratch ticket signatures. so maybe they both allow multiple advertisements in the signature.
265  Economy / Speculation / Re: This Bitfinex Credit Bubble cannot end well on: July 15, 2014, 06:21:07 AM
On a normal market, when position gets liquidated, stocks gets sold. End of story.
If bitfinex would rollback/freeze trades, isn't that market manipulation? They're interfering with "the free and fair operation of the market"
Since bitfinex promised to compensate lenders in case of losses because of a crash, they should pay them out of their own pocket. Otherwise, they should let the lenders take the risk.
Those waiting at the buy side never did anything wrong, they placed their buy orders, btc get sold, buyers get their btc.
You shouldn't undo what has been sold. Once it's sold, it's sold! If it has to crash to $1, then let it crash.

As someone who has lost significant gains as a result of Bitfinex's rollback a few months back, I tend to agree. However, it is what it is. This is their policy, they've done it, and they'll do it again. What I've learned is: bid accordingly. Don't aim too low on Bitfinex, or they'll take your BTC.
THen I guess I should move away from them.. I didn't know they have this unfair policy

What about btce? Do they rollback trades too?

no. btce experienced a flash crash to $100~ at the very same time. they did not roll back trades, and many traders reported having their bids filled in the $100s.
266  Economy / Trading Discussion / Re: what exchange do u use? on: July 15, 2014, 06:17:56 AM
i spread my trading funds around a bit -- i keep most at BTCE but i also keep some at Bitfinex and Bitstamp. but Stamp has been so dead lately, i may move those coins somewhere else.
267  Economy / Trading Discussion / Re: Poll : do you trust an exchange to hold your bitcoins ? on: July 15, 2014, 06:16:57 AM
I know I shouldn't but I don't leave large sums of funds on their so I won't be devastated.  It is a horrible habit to have and I will try to not do this and use more security with my coins.

well, it's a tough decision. if it's important to you to hedge against a downtrend, it becomes more than just the security of your funds, and not just as easy as sending coins to a cold wallet.
268  Other / Beginners & Help / Re: day trading - what's the catch? on: July 15, 2014, 06:14:38 AM
When bitcoin did not have any/only a few merchants accepting it for payment, it was not competing with anyone. Today with LTC having no/very few merchants accepting it for payment, it needs to compete with bitcoin which has a stronger network and is not missing any features that LTC has.

That doesn't mean there isn't a place for LTC or other altcoins. It just means that bitcoin has the "first mover" advantage that ensures it to be the likely forerunner. Doesn't change anything.

totally. i think we might see similar price movement to the last bubble -- where altcoins looked like they were all going to die, then BOOM, they took off and outperformed BTC.
269  Other / Beginners & Help / Re: Cloud Hashing on: July 15, 2014, 06:13:31 AM
i'll tell you what cloud hashing is -- a waste of a newbie's money. if you want to invest in bitcoin, investing in mining and especially contracts is much riskier and more speculative, IMO.
270  Other / Beginners & Help / Re: How long have you been using Bitcoin? on: July 15, 2014, 06:12:41 AM
well, i register on this forum on June 21, 2013, and i remember it being the same week that i bought my first coins. so around that date. wish i had bought more back then! Smiley
271  Other / Off-topic / Re: What is your favorite music genre? on: July 15, 2014, 06:11:37 AM
i've gone through different phases and still retain a lot of the same preferences, so hard to say just one. mainly hip hop, house, dubstep, acid jazz... basically danceable stuff.
272  Other / Off-topic / Re: Do You smoke? tobacco/weed on: July 15, 2014, 06:10:12 AM
^^ love the volcano. could never afford one, either. Undecided i've gone through a couple pens, they don't compare at all. someday i'll get me one of those things. Smiley
273  Economy / Speculation / Re: This Bitfinex Credit Bubble cannot end well on: July 08, 2014, 10:01:16 PM
Its possible to take swap but never pay for it. That's the pb.

Also, since a year ago, we've increased by about 600%. It would be very possible to leverage long on that with a 200% interest rate.

would it be wise, considering weeks and months of sideways price action? that's a lot of interest to pay for sideways, and through times of down trending. it's one thing to hold, it's another to baghold margin.

Well, its just the buy and hodl strategy except leveraged.

I know quite a few people basically in that exact situation who aren't complaining or sweating it much right now.

Not saying its the best strategy but you can't deny people are doing it, and I don't think its going to end any time soon .

i just dont really get it, though. if you are going to baghold for months anyway, then liquidity really is no issue. so why not leverage on MT4 and pay no interest?

What MT4? Which country is the company located?


MetaTrader 4 is a trading platform. to trade BTC on it (with leverage) you trade through BTCE which is based in Bulgaria. obviously, then you want to look at the reputability of BTCE. Smiley

BTCE --> finance tab > Meta Trader
274  Bitcoin / Press / Re: [2014-07-02] Winklevoss Bitcoin ETF to Trade on NASDAQ Under 'COIN' Symbol on: July 08, 2014, 09:58:45 PM
i can't wait to roll shares into my retirement account and sit on them for decades. no taxes, baby! moon, here we come! Cheesy
275  Economy / Speculation / Re: This Bitfinex Credit Bubble cannot end well on: July 08, 2014, 09:54:35 PM
Its possible to take swap but never pay for it. That's the pb.

Also, since a year ago, we've increased by about 600%. It would be very possible to leverage long on that with a 200% interest rate.

would it be wise, considering weeks and months of sideways price action? that's a lot of interest to pay for sideways, and through times of down trending. it's one thing to hold, it's another to baghold margin.

Well, its just the buy and hodl strategy except leveraged.

I know quite a few people basically in that exact situation who aren't complaining or sweating it much right now.

Not saying its the best strategy but you can't deny people are doing it, and I don't think its going to end any time soon .

i just dont really get it, though. if you are going to baghold for months anyway, then liquidity really is no issue. so why not leverage on MT4 and pay no interest?
276  Bitcoin / Bitcoin Discussion / Re: Ask Amazon for Bitcoin Payments on: July 08, 2014, 09:52:30 PM
Not sure if this has been mentioned, but I've been buying Amazon gift cards and other items at Amazon (tracfone and airtime, etc.) with bitcoin at a 15-25% discount (!) thanks to Purse.io - well, around 13-23% discount once I replenish my BTC with fiat, but it's still a great deal.


i spend quite a bit on amazon with bitcoins, so this interests me. but ive always bee skeptical of discount marketplaces like this. are there buyer protections for those selling bitcoin/buying amazon purchases?
277  Economy / Trading Discussion / Re: What are the top features/functionalities you look for in an exchange? on: July 08, 2014, 09:21:28 PM
something that all these hastily coded exchanges all lack -- a real-time, atomic trading engine! i agree that btce is the only one that comes close.
278  Other / Off-topic / Re: My 18th birthday (need to earn money) on: July 08, 2014, 09:19:16 PM
you could play hot potato with crappy altcoins and cloud mining contracts, selling them at a profit to the next (more) gullible person.... Tongue
279  Economy / Services / Re: XBTec ASICs. We pay for signature. Weekly payouts on: July 08, 2014, 09:18:18 PM
ideally, wouldnt the campaign manager be the one to hold escrow? then he can actually make the payouts. otherwise, everyone's gonna be waiting again for xbtec when the posts are tabulated. and the escrow will return the escrow once everyone is paid.....
280  Economy / Speculation / Re: This Bitfinex Credit Bubble cannot end well on: July 08, 2014, 09:15:32 PM
Its possible to take swap but never pay for it. That's the pb.

Also, since a year ago, we've increased by about 600%. It would be very possible to leverage long on that with a 200% interest rate.

would it be wise, considering weeks and months of sideways price action? that's a lot of interest to pay for sideways, and through times of down trending. it's one thing to hold, it's another to baghold margin.
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