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can we have a neither option please
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You don't get a refund because of your payment method - you get a refund because of consumer protection law.
Companies that think they can get away with not giving refunds because people have paid with bitcoin will find that what happened to Butterflylabs happens to them.
Consumer protection law is what matters here - not your payment method. Most times you want to get a refund/take something back you talk directly to the retailer and they refund you directly or give you store credit. You only go to the credit card that one time in a hundred when that doesn't work.
Simply not true, I lost money this week to a shitty merchant of a software license. I have no recourse. they have whois protection on their domain. I'm not gonna sue over $40. I did my research, domain was 18 months old, no scam reports. Welcome to bitcoin. It sucks for consumers so name and shame - and protect others from dealing with them in the future. |
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Long term Bull - Why is cheaper coins not an option on the poll?
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Guys I have a question, especially for traders of other stuff (stocks, commodities, indices etc).
Which other asset has similar volatility in the same timeframe as Bitcoin? And with good volume?
I want wild price fluctuations in about the timeframes that BTC has (not so fast as forex).
Any ideas?
Help appreciated.
Lottery tickets. Seriously  Yep Euromillions today has a top prize of GBP 150,000,000. Your chances of winning are probably similar to the price of BTC hitting 10,000 in 2015. Feel free to remind me of this if it happens  |
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once consumers have more of a reason to use it (as all of these projects develop).
I see this argument a lot, and my question is this: what, exactly, would give consumers more of a reason to use bitcoin for legal transactions over existing payment methods? What will these new projects do differently that will make it more attractive for the consumer? My opinion is that bitcoin's huge flaw in regards to regular consumer usage is that two of its major benefits both work in favor of the merchant. Can't reverse transactions: benefits the merchant, makes it harder for them to get ripped off, but easier for the consumer to be ripped off, or to force them to accept what could be an inferior product with no guarantee of a refund. You don't get a refund because of your payment method - you get a refund because of consumer protection law. Companies that think they can get away with not giving refunds because people have paid with bitcoin will find that what happened to Butterflylabs happens to them. Consumer protection law is what matters here - not your payment method. Most times you want to get a refund/take something back you talk directly to the retailer and they refund you directly or give you store credit. You only go to the credit card that one time in a hundred when that doesn't work. |
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@the ApplePay brigade -
what does ApplePay do that my contactless debitcard doesn't?
Besides shout mug me I have an iphone 6plus?
oh and give even more of my shopping information to Apple?
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Looks like all the past countless 24 hours weren't crucial for bitcoin :/
I hate to think what would have happened without one of them though - what would I have done without a week ago last Tuesday for example. |
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Are those 0.05 BTC trades on Bitstamp some kind of encoded signals (like a morse codes)? You know, trade bots talking with each other? When they are in love we get a pump, when they fight it's a dump.
Bitcoin *is* the signal. and we know you can't stop the signal Mal. |
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That guy with the 30,000 BTC sell order was an early adopter.
If you look at the wall thread, somebody found his wallet and he has been accumulating coins from 2012-2013. He sold some every few months to take profit and I guess he got out at $300.
or Butterflylabs who took pre orders on asic miners all the way through 2012 and 2013. Maybe after the feds came down on them like a ton of bricks after multiple complaints from bitcoiners due to their general shitness they decided to say f*ck you bitcoinland and decided to dump all their remaining coins on the market in a now backfired revenge attack. Unlikely - but who knows anything can happen. |
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Mining doesnt only give you bitcoins - with mining you are also supporting the bitcoin network without bitcoin would not work.
Imagine nobody mining and just try to buy... wouldnt even work in the first place
by adding a miner to a pool you don't improve the network - you only do that if you create a new node. Please explain how i do not support the bitcoin network if i actively mine bitcoin? Thanks its a bit more complicated than just mining bitcoin - do you support the network if by mining at a pool you tip the pool over 50%? The system needs more than just miners proving the transaction it also needs nodes - these broadcast the information around the system, the more nodes - that is full function nodes with bitcoin core running and a complete blockchain - (not something most asics worry about) the more secure the system. Running a full node is not incentivised, so the numbers are falling. Pools reduce the number of nodes, but unless you mine in a pool you won't successfully find a block |
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With buying you KNOW that you will get 2.5 BTC. With buying a miner you hope you will hit 2.5 after 4 months. But what if the price skyrockets next week to a new ATH? The difficulty will spike and then it can take much longer to reach your 2.5. Buying seems easier for me. I don't have to worry about power costs or upsetting the wife with a mining setup. She's already annoyed enough that I always talk about bitcoin.  You can hedge against that risk with derivatives on www.btc.sx you can hedge the price there - can you hedge the difficulty? I seem to remember some difficulty futures - but I thought those stopped trading sometime in the 1st quarter this year? |
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Mining doesnt only give you bitcoins - with mining you are also supporting the bitcoin network without bitcoin would not work.
Imagine nobody mining and just try to buy... wouldnt even work in the first place
by adding a miner to a pool you don't improve the network - you only do that if you create a new node. |
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but where is demand coming from? are there actually more bitcoiners than last year?
If the number of addresses is any guide then yes. On a more anecdotal level I know several people who are now involved in BTC who were not involved prior to March. |
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WHY is no ONE talking?!?!
to busy wondering why no one is buying NO one is buying? From where are you getting your data? Just looking at stamp, we got more than 2,500 btc in the past 30 minutes and nearly 7,000 btc in the past 2.5 hours... I would call that a fairly high volume of buying, how would that be wrong? I meant why no one was buying after the wall formed - I posted at 9.52 wisdom time - pretty much as I posted 1000 BTC or so went through - the previous big buys were at 9.32 |
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WHY is no ONE talking?!?!
to busy wondering why no one is buying Well I'm fucking buying. Gogogo!  good, based on the order book that amount of fiat is currently enough to take stamp past $400 |
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WHY is no ONE talking?!?!
to busy wondering why no one is buying |
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if bitcoin has been held/pushed down artificially the rebound could prove to be quite 'violent'
20% is probably violent enough - at least for now. Lets see what happens when new Fiat hits Stamp from Monday. |
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The ask side looks bad.
I very much doubt we will go up much more.
This bear market is far from over. And i have no idea what could fuel a bull market any time soon.
My corporate masters require me to help them hold the price down, their walls on stamp don't seem to be stopping finex and huobi from moving the price up. |
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Two and a half hours ago I think there were like 12.5 k left to sell. All 12.5 k were sold in those two and a half hours?
[Edit]
I just looked at a chart and there is a massive 12.5 k candle about two hours ago! So another whale brought them off the whale selling?
no - lots of buy orders in a very quick time period - there were some large 2000 coin trades , but also a lot of 0.1 - 10 sizes Re the poll we need a NONE OF THE ABOVE option. Wouldn't be surprised if whale bought his own coins (or most of them) in attempt to spark a buying frenzy. |
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