Always 'collectibles' cost more. If you bother about tainted bitcoins, then you need to pay more for newly mined/uncirculated bitcoins. Is this common practice in other exchange too?
I have not come across with any other exchanges have the options like "uncirculated bitcoins". Interesting, I've never buy on other exchanges but BTCC so I am surprised that they are the only that provivdes freshly minted coins |
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This is what is happening in BTCC and the minimum is 10 BTC. Is this common practice in other exchange too?
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Preferably exchanges established outside of China and credible
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I talked my university out of giving me free electricity, basically supporting us with free server farms which include electricity. I am in Malaysia and wants to starts mining and possibly creating a farm, a buddy of mine in China who is familiar with the mining ecosystem there says that even with cheap electricity in china (There are threads saying China's electricity's so cheap) the Roi is diminishing greatly there.
So if I can get free electricity is it still worth starting from scratch, I mean making this a full time job, and start mining?
Note: considering to give up my not-too-bad job for this
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If the Ripple platform actually owns so many XRP, wouldn't the price be prone to speculation/control?
yeah, definitelly. But xrp have been closing big deals so why would they dump? the banks interested in xrp isn't speculation. i'm still a believer. The big banks and boys interested are essentially creating a new monopoly, no? One of the reason we want to abandon fiat is because someone controls it. |
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If the Ripple platform actually owns so many XRP, wouldn't the price be prone to speculation/control?
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Am looking at having XRP on my list, after reading Kraken's Q&A we can only buy XRP with XBT but not directly with fiat, what is the notion behind this?
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As Foxpop said I would stay away from leveraged trading in the beginning. You need a solid understanding of the mechanisms and the bitcoin market to prevent you from going bust in a tiny swing.
At 25x leverage even a moderate whale selling a big chunk of bitcoin can cause the price to move down enough to put you deep in the red.
The biggest "problem" is that once you lose the amount of what you actually hold, the exchange will force an automatic sell of those coins at the current loss, because you cannot cover the losses if you don't have more coins on your account.
Thanks, will stick with honest purchase. No to leveraging  |
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and may i ask why you are interested in this?
Just learning more, no specific motives and thanks for the answers |
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You could buy and sell between the currencies, if one currency strengthens against another, but the margin for arbitrage is so thin between these deviations that you will have to buy and sell significant amounts to make a decent profit. So you buy with € at a specific price and then sell for US Dollar, when the price dropped against the €. Is that what you want to do?
Yes theoretically but more so about learning about btc than trading margin |
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Is it actually possible that bitcoins are actually cheaper (not by small margin) when bought in certain currencies or will the price for BTC across currencies self adjust throug exhange rate market force.
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What does this even mean? If there is only so much BTC in circulation how can it grow to become a widely accepted currency? wouldn't this give an unfair advantage to holders like us, and causes an alternate monopoly which eventually will fail the objective of becoming a widely accepted currency?
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I buy on BTCC using their trade exchange, which is a simple key and buy web system.
I am starting to look into their pro trade version which could do things like leverage or long or shorts but I am still trying to get the hang of it without much success, it says that "BTCC Pro Exchange is a leveraged bitcoin trading platform. Pro Exchange offers 20x/25x leverage, allowing users to maximize their profit potential. With 25x leverage, for example, you can go long or short on a position of 25 bitcoins for the cash value of 1 bitcoin."
What does the X leverage actually means? And what does it mean by going long or short?
Thanks in advance
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Will be achieving ~10 BTC in a few weeks, all bought from an exchange.
Instead of letting the coins lying around, am considering to make some investments, currently in the back of my head there are a few "genres" :
1. P2P lending. E.g.:BTCJam and bitlendingclub.
2. Goods purchase. E.g.:purse.io
3. Funding E.g.: bnktofuture
Of the three I have the biggest faith in investing in professional funding aka ICO
My question being
1. Is there any other solid non "quick money" which I can put my BTC to use
2. What other reputable ICO investment is there for my minute amount of BTC to invest
Thanks guys!
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Uncirculated bitcoins are bitcoins that comes directly from the block reward (untainted bitcoins).
Normal withdrawals will give you bitcoins that have been transferred from countless addresses before (tainted bitcoins).
And it's 0.0001BTC fee. Not 0.0001%.
So I guess when I buy bitcoin from the exchange it's considered normal (tainted) bitcoins? Exactly. There's nothing really nessicarily wrong with tainted coins, but obviously you don't really know where they've been whereas with fresh coins they're freshly mined and you don't have to worry at all! I've never bought coins right from being mined and I've never had an issue come up because of it so I wouldn't worry too much about it. Thanks a bunch! Sounds right to me |
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Uncirculated bitcoins are bitcoins that comes directly from the block reward (untainted bitcoins).
Normal withdrawals will give you bitcoins that have been transferred from countless addresses before (tainted bitcoins).
And it's 0.0001BTC fee. Not 0.0001%.
So I guess when I buy bitcoin from the exchange it's considered normal (tainted) bitcoins? |
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Am looking at funding some projects but looking at bitlendingclub there is only one project funding at the moment, and btcjam 17 projects, with only one bitcoin projects the rest being coindesk.
Are there no big following in bitcoin P2P funding?
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Hi, I am a newbie trading on BTCC.
Looking at their fee structure it says: "BTCC Uncirculated Bitcoin Withdrawals" they charge 10% while for normal bitcoin withdrawal the fees are 0.0001%.
Whats the difference between uncirculated bitcoins and regular bitcoins withdrawals?
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