I do it occasionally, but it's not that it yields me an insane amount of profit. Point is that you should calculate the risks of seeing the arbitrage opportunity vanish due to someone else taking advantage of it, or that it shrinks naturally. Important to realize is that you need to take the following into consideration;

I only trade Bitcoin, so that's why I use that as an example.

0.5 - You need to have enough funds on the cheaper exchange to begin with.
1 - You cash out the coins you bought to your own wallet, which requires you to wait for that 1 confirmation.
2 - You deposit these coins to the exchange with the premium, which requires you to wait for 3 confirmations.
3 - Sell your coins to fiat, and have the money sent to your bank account.
4 - From your bank account you send these funds back to your main exchange.

It's not as easy as things might look. If I look at my highest ever arbitrage trade, then it should be in the range close to $1000. Profit looks nice, but it's quite a hassle at the same time, as it takes days before I have the funds back on my main exchange.

I agree. In case a chain split has become reality, and people start buying Bitcoin Core/Segwit, the exchange will be the real winner. People get sent the Core/Sewit coins, while the alt remains in the exchange's pockets. It will make exchanges the largest holders of the alt-Bitcoin, which will centralize that entire market. It's always the best to keep your coins offline, but just before things start to get serious, it's important to immediately put this in action. People not doing it are just stupid.

It will take a longer while before we see the $4000 level. I don't even think we'll see $3000 this month, as it is more likely for the price to move within a certain range, which I for now think is $2000-$2500. It's a wide range, but due to the lower overall support, it's not that uncommon for the price to show $100-$200 swings in just a single day. Problem with people here is that they constantly chase profits, and hope that the price increases further and further. It doesn't work like that, even not when it comes to Bitcoin. Let the market consolidate before rallying up again.

These regulations are just the tip of the iceberg. Didn't you guys notice? The Chinese government is slowly squeezing out Bitcoin trading, till the extent that it is not logical anymore for people to make use of exchanges. At some point a large portion of the coins that sit in Chinese hands, will circulate in the peer to peer market. Chinese exchanges will end up being a noob-hole like Yobit is now. There is no Bitcoin love there (from the government's side).

I ditched stocks a long time ago. What's the point of holding and trading stocks, when I can hold and trade Bitcoin in a far more profitable way? I think that's something people (non Bitcoiners) with a decent capital start to realize too. I remember back in the days that I was generating like 10-20% (which in the non crypto world is quite a high return) in profit per year through occasionally buying and selling stocks. Not to brag or something, but the combined price increase of Bitcoin, plus the profits I made through trading the volatility, have landed me above 200% in profits for this year alone. Imagine how much profit others have made if they combined everything with various altcoins that exploded in value. Crypto is hot!

I honestly don't believe that the hight of your capital determines what kind of investment you should follow. In case of short term trading, you will be depending on the fluctuations presented to you by the volatile nature of Bitcoin. Not everyone knows how to make use of these fluctuations since it requires a good level of market understanding. Long term investment is an easy option as that requires basically no effort at all, after the initial steps such as buying and securely storing your coins offline. Also important to mention, holding coins (amount doesn't matter) has never been a waste of time so far.

It all depends on your targets. If you plan to take a short term position into Bitcoin, then you're definitely right, but if you are long term minded, then a sudden drop will not bother you. If you look back a few years, and specifically look into all the dumps that we have been through, they didn't have any impact on the long term price. In that regard, in the same way that dumps don't impact the long term price, they shouldn't impact people's long term targets. Firm holders are the real winners here.

According to various sources, it says that the value of all the gold is more in the range of $7,613,000,000,000. Either way, it shows that Bitcoin is nothing more than a tiny dot, and from there articles like these don't hold any value. Especially not with such loud clickbait titles.


Uhm, no. If Bitcoin would be on 5% of Gold's market cap, it would sit on $380,000,000,000 right now.

There is a difference when it comes to predicting $2000 and something that sits in the range of $100,000. At least it's not an insane prediction like the one from PayPal's director Wences Cesares. He predicted that Bitcoin will reach $1,000,000 in 5 to 10 years. I think they just look at how the price has gone up in recent time, and likely just assume it will continue to increase like that with no interuptions. That's however not how the market works. Why can't they just focus on $10,000 first? That alone will already form a difficult target in the coming 5 years.

# Registrar : NameCheap
# Expiry : February 06, 2018
# Start bid : 0.01BTC
# Minimum bid increments : 0.001BTC
# Buy now : 0.10BTC
# Auction duration : 48 hours after last bid.
# WhoisGuard included.
# Escrow possible.


Only Bitcoin as payment is accepted.

I will always ask you to send the funds to : 12oWtmuwHipw9rC9BYUuMGWMWB3RxMsxUN

Only post in this thread if you are bidding.

By placing a bid you agree with :

# Winner of the auction pays first if you don't want to use escrow.
# Transaction must be completed in less than 24 hours.
# Private bidding is not accepted.

If you want to know what a real bubble is, then look into Ethereum. Bitcoin's price was overbought, but not to the extent of it being a bubble. Bitcoin has been experiencing a massive amount of growth from all over the world, and that's all legit growth. Also take into consideration that there has been a burst of good news, all in a short period of time, wich has lead to the price being overbought by panic buyers and speculators/gamblers. Overbought is not the same as bubble.

No. I am already being squeezed out by the government when it comes to my regular salary and fiat holdings. I am definitely not going to let that happen with my Bitcoin holdings too.

Whether you pay tax over your earnings or not, the government can't do anything about your wealth since its stored outside the banking and governmental system. The only downside (aside from the obvious) of declaring your earnings is that that government knows that you have X amount of coins. Every bit of information is stored for plenty of years, and will be used against you in case you happen to miss out (for whatever reason) on declaring your earnings. Best is to avoid this by NOT declaring anything at all.

Such attacks can never be prevented, even not with top notch security. However, you can greatly minimize the chances of being a victim of ransomware by making use of up2date software within your entire network structure. High software cost shouldn't be an excuse with plenty of great working open source alternatives.

It's always the other way around. What pisses me off big time, is that mostly old security holes are being used to infect systems. How difficult is it for a multi billion company with the best software engineers, to not notice and fix these security holes themselves. Or they did know about them, but they just were not meant to be fixed (hint hint)...

If you follow his posts, then you'll know that he is also invested in altcoins. Point with altcoins is that their use is mostly all speculative, with barely any real world use incentive. If you trade altcoins, it's like you're betting on the right outcome, but it just takes longer to find out whether you win or lose. With Bitcoin you at least know that the demand will continue to increase throughout the years. It clearly shows that there has been a tremendous growth as the whole industry around Bitcoin is growing, the number of transactions are increasing (obviously discarding the tons of rubbish spam transactions), global interest from high level investors, etc. That can't be said about altcoins, at least, by far not in the same way.

In case he's wrong, it will likely not hurt considering he keeps holding at least a small portion of his total stash till that time. Being conservative, or an extreme fantasy filled bull, in some cases it doesn't matter whether you're right or wrong, the main point is that you keep holding your coins for the far long term.

Miners artificially increasing the recomended fee by choking the network with rubbish transactions, isn't wrong? Miners not allowing Segwit to activate, isn't wrong? BU gang looking to perform a hostile takeover, isn't wrong?

It shouldn't be a dilemma at all. But at this point even activating Segwit won't do much to counter the spamming problem. It will make spamming more cost intensive, but that doesn't mean the entities behind these attacks will back down. I am fairly sure that the high level of spam that the network experiences right now, isn't even half of what it will be after some time.

It has zero impact on country level. Everything that happens, only positively impacts a very small number of people - it's all on an individual basis. It may be a new startup looking to hire a few stacked coders, exchanges looking to grow their support staff, etc. It's all very marginal at this point. People here in this thread should forget about signature campaigns and all other free ways of generating Bitcoin. It has nothing to do with employment/unemployment.

This site is providing historical market data from several exchanges, but it's limited to only Bitcoin and a few other crypto currencies.

https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv

Below symbol you can select the currency and exchange you are looking for, and next to that you can set the time frame that you are interested in. If you scroll all the way down, click on load raw data, and you're good to go. It shows information as opening/closing price for that day, high/low and volume. Unfortunately, there is no option to open this data in a text file or something - it's pure on site information.

Stricter rules aren't needed when the manager of a certain campaign just selects non spammers. Non spammers have a natural posting behavior, they don't show any signs of ignorance when it comes to the rules of this forum, they don't chain quote others, they don't post with half broken English, they are correcting others where needed, they write with decent sentence formatting, etc. Seriously, a quick look into someone's recent post history is enough to see what kind of poster it is. And mostly when spammers get banned/kicked from a campaign, they confirm that they only post to get paid by suddenly stopping with posting completely, or they stop posting as frequent as they used to do.

You missed my entire point. Bans aren't working as people (scammers) can just set up another fake account, and continue harming the community. It's btcjam's account verification that lacks big time as scammers can easily walk fake accounts through the verification process.

Honest people will continue paying off their debt, but I am fairly sure that a large portion of the people there will just leave and never come back. Especially when you consider that the funds are either used to trade with, to gamble with, or to pay bills. In order to pay back, these people will have to purchase Bitcoin at current levels, and that's obviously not something a lot people look forward to. Easiest and cheapest option is to default since there is nothing to lose anymore.