Looks like a pretty tight correlation between volume spikes at icbit and volatility of the BTC/USD: [Edit: I'm an idiot. That's not icbit volume, is it?] |
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I had to withdraw >$20,000 cash from the company account in a single day.
Do you get any hassle trying to withdraw that much? Do they file a SAR with each one?  |
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When I say trading, I mean buying and selling items with BTC but listed in dollars. I'm just curious what method is most often used, I've been using weighted average, but I think most may be using last.
When there is volatility, just like what we are seeing today, weighted average is going to favor the seller when the exchange rate is rising, and favor the buyer when the exchange rate is dropping. If you are in a low margin business and trade away the bitcoins after each sale, this can cause bit losses when the exchange rate is dropping (as you'll find a lot of buyers taking advantage of the price opportunity). Also, your prices may not seem competitive when the exchange rate is rising. So weighted average really is not always a great pricing strategy. If your margins are large enough, then weighted price is probably adequate in most instances -- there's no profit from gaming you. |
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Generally how long will the transfer take? It's been 8 hours so far. I had $135 on my moneypak card. Thanks!
hi i actualy have a moneypak wth 45 dollars on it... i am new to btc and seen this thing with moneypak if i send the code to someone could i get the equal amount back in btc? I'm really curious why people end up with these moneypaks. They can only be purchased in the U.S. and only with cash. If you are going to pay cash for bitcoins, why not just use BitFloor (deposit at Chase bank, no fee), or use BitInstant (deposit at any major bank, 7-11, Walmart, CVS). Moneypack costs $5 and is hard to trade for bitcoins, especially if you didn't save your receipt. Anyway, ... If you want to convert your $45 USD moneypak into bitcoins, SpendBitcoins was about the easiest method. They now show this options as "temporarily unavailable'. So now there are only a few remaining methods, perhaps someone on #bitcoin-otc will do a trade? Make sure to check the trust history and make sure your counterparty has authenticated so you know they really are who they say they are: - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer - http://bitcoin-otc.com/viewratings.php - http://bitcoin-otc.comGood luck, though next time consider the options and how Moneypak is not a good way to buy bitcoins |
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I had 2 factor on my main account and tried setting it up on a new one but it over rode the old account instead of enabling me to use two on the same phone. I have an android.
Anyone else get this issue ?
Google authenticator allows you to "manually add account", which will allow you to add the second one. (Well, now that you've overwritten the first one, that is the one you'll need to add back in, manually,) |
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Just thought I'd put this here in case anyone wants something translated from Arabic to English or vice versa.
I'll translate anything that takes less than 5 minutes for free. For bigger jobs, send me a PM with the text/details and I'll give you a price.
Here's a gig. Bitcoin Nordic needs text translation: - http://bitcointalk.org/index.php?topic=93579.0 |
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You have to send first.
Public service announcement: When you trade OTC you engage in a transaction with people you possibly know nothing about. You may send your BTC to the person, and never get anything back. Or you may send your $currency to the person expecting BTC, and get nothing in return. This is a highly undesirable outcome for you, and you should do your best to guard against that. If you do not have a history of previous transactions with this person, or otherwise do not trust your counterparty, there are several mechanisms you can use to mitigate the risk of fraud: - http://wiki.bitcoin-otc.com/wiki/Using_bitcoin-otc#Risk_of_fraudSince fees on Liberty Reserve transactions are reasonable (1%) using a third party escrow works for this. A trusted escrow partner would likely be found on #bitcoin-escrow in which the #bitcoin-otc Web of Trust (WoT) can be used to see the escrow partner's trust history. - http://webchat.freenode.net/?channels=#bitcoin-escrow - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer - http://bitcoin-otc.com/viewratings.php |
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So, i transfered some funds and 4 days later i finally got the bitcoins where i want them to be. The only problem is, I need 2 more bitcoins ._...... Needless to say I dont want to have to go through another 4 days waiting + the hazzle to get it done..
Anyone can sell me / any site can sell me bitcoins directly and fast?
The reason there are so few options with PayPal as payment is that PayPal expressly prohibits a merchant to use PayPal for the sale of Bitcoins. Additionally, because the payment can be charged back easily, merchants that have some angle must charge a higher fee to do so. - http://en.bitcoin.it/wiki/Payment_methodsHere' is a seller in which had been accepting credit card, but that has either been temporarily or permanently discontinued: - http://www.QuickBitcoins.net With VirWoX you can buy SLL using PayPal, then trade SLL for BTC: - http://www.VirWoX.comThis does't help you right away, but in the future you can buy physical Bitcoin, paid for with credit card: - http://memorydealers.com/catalogsearch/result/?q=bitcoinBut quite simply, depositing cash at a bank or 7-11, Walmart, CVS is going to be the fastest and easiest way. - http://www.Bitfloor.com (Deposit cash at any Chase. No fee) - http://www.BitInstant.com (Deposit at major banks, 7-11, Walmart, CVS, Moneygram, etc., or in Brazil using Boleto or Banco Recomendito, or in Russia, using Qiwi or Cyberplat.) - http://www.CAVirtEx.com (Deposit cash at several banks) - http://www.Spendbitcoins.com (Deposit cash at a bank in Australia) - http://www.MrBitcoins.com (Deposit at a bank in U.S., India, Australia) - http://BitcoinNordic.com (Purchase CashU or UKash in dozens of countries) Or find a local trade: - http://www.localbitcoins.comAll kinds of options: - http://en.bitcoin.it/wiki/Buying_bitcoins |
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Any chance of using HTML5 audio instead of Flash? (If the browser supports HTML5, of course, but most do now.)
That way those from an iPad can preview.
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Yea i could deposit at a bank and get them sent, but i would rather not as its not really easy for me to get there.
It's seemed to be the only choice for aus from what i can see but looks like it may be possible with the site you linked, ill check it out but if anyone wants to take my offer still open for it.
Oh, there are a number of methods for Australia: - http://en.bitcoin.it/wiki/Buying_bitcoinsThere are a few P2P trade offers registered on LocalBitcoins.com as well: - http://www.LocalBitcoins.com |
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2012 is turning out to be the reverse of 2011. Bitcoins get stolen. Price goes up.
Maybe BitcoinicaHacker is saving them all up, ... waiting for another leveraged trading system to start up, and then use the coins to launch a selloff like we've not seen in over a year. |
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Well, Western Union isn't cheap either, but really, do we expect people to pick up something quite novel and challenging (where you have to care yourself for security and infrastructure, especially if you're a merchant) at such a premium? Here's a post from another thread that directly responds to this: Of course the added expenses in converting from cash through payment intermediaries like CashU will limit bitcoin's usefulness in the instances where that is needed. But compare the costs to Western Union though and to other methods of sending money from one part of a country to another, or internationally within Africa or overseas, and this doesn't end up being such an uncompetitive rate. Here's an example of why this matters:  - http://pymnts.com/commentary/Tips-for-2012-Understanding-Payment-Behavior-of-African-Households-A-Vast-and-Untapped-Market/That shows that more than half of remittances do not use mobile payments. Few mobile payment networks support international remittance transactions being one reason for that. - http://technology.cgap.org/2012/03/21/what-do-international-remittances-mean-for-mobile-money-cgap-releases-study-on-remittancesBut bitcoins won't just be useful as an alternative to Western Union for remittance transfers for the continent. They'll be useful for a wide variety of transactions -- they can be used to pay for a commercial shipment electronically so that the delivery driver isn't carrying large amounts of cash, for instance. Bitcoins will be useful for travelers who wish to convert out of the currency in one country and then used to acquire local currency in the next. So even with a high level of friction when buying bitcoins using CashU, once bitcoins are acquired they can circulate without being converted back to fiat outside the local community. This is sure to happen since anyone can function as an exchange. This exchange function is one that has almost no barrier to entry and could be profitable for those who begin to offer this service. The techies at the cyber-cafe are likely one example of where these first exchanges will occur -- especially since that's where tourists are found. Or those already operating as exchange agents might start participating as adding bitcoin to the mix is just a small additional effort. Keep this in mind ... with each Western Union transaction sucking a minimum of 10% of the payment, and mobile payments in the 5% range for smaller payments (e.g., under $40 range), bitcoins when purchased through CashU even don't need to change hands twice before they've become a better value as a payment system than had the same amount of funds been transferred through the alternatives. The key though is that previously there was no way to seed this. This CashU option actually gives the ability for entrepreneurial individuals on the ground there to get bitcoins into their hands so that they have something to use to start trading. Next what is needed are some stories of actual bitcoin commerce occurring. For instance, there are many tech and business incubators on the continent - a perfect place for bitcoins to begin circulating among a small group of willing participants who generally are among the early adopters and wouldn't entirely resist trying something new like this. Here's an example: - http://www.meltwater.org/who-we-are/our-campus/ |
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And cashU prepaid cards are just one way to top up a cashU account, as cashU cooperates with Ukash and several other payment systems to make it truly globally available.Yes, for the first time there is a cash deposit method for purchasing bitcoins in Pakistan, Nigeria, Turkey, and through UKash this becomes available in Argentina, Uraguay, Bolivia, and Mexico (among dozens of others). I've added wiki pages for both CashU and UKash: - http://en.bitcoin.it/wiki/CashU - http://en.bitcoin.it/wiki/UKashplease excuse my profanity, but IMHO a premium of 15% just for buying BTC doesn't look like a business offer you can't refuse. Add to that the additional costs incurred on the merchant accepting bitcoin. And what is the merchant supposed to do with his BTC? convert them back to USD? or to Yuan??
This might be a first attempt to spread a small number of coins into those countries, but, honestly I don't get the "big picture" here.
Of course the added expenses in converting from cash through payment intermediaries like CashU will limit bitcoin's usefulness in the instances where that is needed. But compare the costs to Western Union though and to other methods of sending money from one part of a country to another, or internationally within Africa or overseas, and this doesn't end up being such an uncompetitive rate. Here's an example of why this matters: - http://pymnts.com/commentary/Tips-for-2012-Understanding-Payment-Behavior-of-African-Households-A-Vast-and-Untapped-Market/That shows that more than half of remittances do not use mobile payments. Few mobile payment networks support international remittance transactions so that is one reason for that. - http://technology.cgap.org/2012/03/21/what-do-international-remittances-mean-for-mobile-money-cgap-releases-study-on-remittancesBut bitcoins won't just be useful as an alternative to Western Union for remittance transfers for the continent. They'll be useful for a wide variety of transactions -- they can be used to pay for a commercial shipment electronically so that the delivery driver isn't carrying large amounts of cash, for instance. Bitcoins will be useful for travelers who wish to convert out of the currency in one country and then used to acquire local currency in the next. So even with a high level of friction when buying bitcoins using CashU, once bitcoins are acquired they can circulate without being converted back to fiat outside the local community. This is sure to happen since anyone can function as an exchange. This exchange function is one that has almost no barrier to entry and could be profitable for those who begin to offer this service. The techies at the cyber-cafe are likely one example of where these first exchanges will occur -- especially since that's where tourists are found. Or those already operating as exchange agents might start participating as adding bitcoin to the mix is just a small additional effort. Keep this in mind ... with each Western Union transaction sucking a minimum of 10% of the payment, and mobile payments in the 5% range for smaller payments (e.g., under $40 range), bitcoins when purchased through CashU even don't need to change hands twice before they've become a better value as a payment system than had the same amount of funds been transferred through the alternatives. The key though is that previously there was no way to seed this. This CashU option actually gives the ability for entrepreneurial individuals on the ground there to get bitcoins into their hands so that they have something to use to start trading. Next what is needed are some stories of actual bitcoin commerce occurring. For instance, there are many tech and business incubators on the continent - a perfect place for bitcoins to begin circulating among a small group of willing participants who generally are among the early adopters and wouldn't entirely resist trying something new like this. |
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refresh this page one more time, they now say "Bitcoin Note" and "Bitcoin Bearer Bond"
A financial note is defined as a debt instrument, with maturity from one year to ten. A banknote is a promissory note though they are no longer private instruments redeemable for precious metal but instead are national banknotes and thus fiat currency. Is it safe to say the term note would be misused here? Or does it even matter though? It doesn't say banknote, it just says note. And thus a bitcoin note can have the definition that it contains a private key that can be used for spending? (full disclosure: I registered bitcoinnote.com, bitcoinnotes.com, btcnote.com, and btcnotes.com ... in anticipation that there would be the need for a paper bitcoin that would allow an inexpensive method for a trusted party to transfer bitcoins offline.) |
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Ok, I know this is tinfoil hat ON, but how could one protect their FPGAs from toasting if theres a big solar flare? I mean some of our rigs are really expensive!
"Solar storms would primarily affect the power grid, and are not likely to harm things like computers. " - http://www.futurescience.com/emp/emp-protection.html |
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Now that Bitcoin Nordic accepts payments using CashU, which in turn accepts UKash vouchers for adding funds, bitcoins can now be purchased in quite a few more countries: in Africa this includes South Africa. The full list of countries in Africe where UKash cards are available from retail locations: - Algeria - Egypt - Ghana - Libya - Morocco - Nigeria - South Africa - Tunisia Additionally, funds to CashU can be sent online in: Algeria, Gambia, Ghana, Kenya, Libya, Mauritius, Morocco, Nigeria, Sierra Leone, Tanzania, Tunisia in addition to many others in the Middle East as well. - http://en.bitcoin.it/wiki/UKash#Africa - http://en.bitcoin.it/wiki/Bitcoin_Nordic - http://www.BitcoinNordic.com |
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Now that Bitcoin Nordic accepts payments using CashU, which in turn accepts UKash vouchers for adding funds, bitcoins can now be purchased in quite a few more countries: in Africa this include: - Algeria - Egypt - Ghana - Libya - Morocco - Nigeria - South Africa - Tunisia Additionally, funds to CashU can be sent online in: Algeria, Gambia, Ghana, Kenya, Libya, Mauritius, Morocco, Nigeria, Sierra Leone, Tanzania, Tunisia in addition to many others in the Middle East as well. - http://en.bitcoin.it/wiki/UKash#Africa - http://en.bitcoin.it/wiki/Bitcoin_Nordic - http://www.BitcoinNordic.com |
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