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So if I open a long position in BTC and I don't close it, I'm left with some BTC. If I open a short position in BTC and I don't close it, what am I left with?
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Wait a sec. Why would I use Coinbase for this? I could just transfer BTC to any exchange that allows a USD balance and trade back and forth between BTC and USD with much lower fees. Which exchange is best for that? BTC-e? Bitfinex? I would think they all have fees lower than Coinbase's 1%.
before april coinbase was a good choice for trading, look here http://www.coindesk.com/bucks-to-bitcoin-top-exchange-platform-fees-compared/now it isn't the case anymore, bitfinex and btc-e are leading the podium but kraken is even better if you trade with a volume above 250, and it ends as low as 0.1 with 1k or more Nice article but they don't include Kraken. It looks like you would need to trade $250K/month before your fee is .2% at Kraken: https://www.kraken.com/help/feesBut it starts at .1-.2% at Bitfinex: https://www.bitfinex.com/pages/feesWhere is Bitfinex located? Are they trustworthy? |
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Wait a sec. Why would I use Coinbase for this? I could just transfer BTC to any exchange that allows a USD balance and trade back and forth between BTC and USD with much lower fees. Which exchange is best for that? BTC-e? Bitfinex? I would think they all have fees lower than Coinbase's 1%.
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So you're buying at $225 selling at $228...you make a few trades maybe get back a few percent on your investment. Then the price drops to $190 and you think...oh shit, this is it, Bitcoins is done for...better sell! It goes to $180 and rebounds going up to $250..oh shit, can't miss out on it going to $1000 again better buy...price drops back down to $225. You now have half of what you started with and are wondering wtf just happened.
I could set aside some money and buy at any particular point and wait for it to go up 5% and sell, then wait for it to go down 5% and buy, etc. If the price goes way up and I don't get a chance to re-buy, it's OK because I still have my separate long-term holdings. If the price goes down for a long time and I don't get a chance to sell soon, it's OK because that's basically what I've already been doing all this time anyway. I could call that previous buy more long-term holdings and re-buy for more trading with fresh fiat. So worst-case scenario I convert more fiat to BTC for long-term holding, and that's OK because I believe the price is going up long-term. BTW, am I right about the credit card thing with Coinbase? If I put my credit card on file there I get my BTC instantly? Is there an "instant limit" that is lower than your daily limit? |
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Does Symbiont or the Counterparty Foundation hold any XCP?
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I've been watching the BTC price for what seems like forever. Coinbase charges 1% in fees. I figure if I can (for example) buy at $225 and sell at $228, then I've made over 1%. It doesn't sound very hard. I will have my coins instantly if I register my credit card on Coinbase, right?
EDIT: Plus then I get to spend more time reading the hilarity scrolling up the BTC-e trollbox.
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I'm expecting this to be fully automated within the next week so that every time anyone issues assets there will be an automatic distribution. This may happen when the asset is created or when someone clicks the "start crowdfund" option our interface. How many projects have created an asset that hasn't been distributed via Basic Income yet? I believe Swarm Fund is one. |
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Yep, we've had over 70 projects adopt this model so far. So far it seems to be best suited for community projects with a wide base of appeal and funds that are structured as partnerships. We've sort of already done the first so we thought we would also do the second.
At what point do the projects listed on swarm.fund/projects turn into Basic Income coin/asset distributions? Will there be a Basic Income distribution of Swarm Fund coins/assets? Is it possible to purchase Swarm Fund coins/assets without participating in the project? |
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Happy to announce that our first project launched on the DCO model (Swarm Fund) went over 100% of its goal in under 24hrs. Stay tuned for more upcoming distributions (i.e. Swarm basic income).
I'm not sure what you mean here. You guys just launched a project called Swarm Fund? |
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NXT has far more than it needs to justify a far higher value than it reflects at present. NXT needs to capitalize on opportunities otherwise some other coin will do it. 77 people holding 99% is evidence of a closely guarded secret. If you want NXT to be a secret, goal achieved. If you want NXT to be well adopted then we as a community need to cherry pick project and promote them like crazy until they bare the fruit they are suppose to produce.
Great post, although promotion is not what we're missing. You can't ram this stuff down people's throats. Right now, NXT can't supply anything that people demand on a large scale. FreeMarket is the only thing I see under development that could possibly become a killer app in time to save this project from irrelevance. NXT has a lot of tools for businesses but no "normal" business is going to build on NXT currently. Those tools could be great for the future, and they're great for a couple small projects and pseudo-businesses now, but if we're focusing on that then we're putting the cart before the horse. Bitcoin was not taken seriously in the mainstream until after it had been battle-tested with Silk Road. There's an argument to be made that Bitcoin would not be anywhere near as far along in mindshare and legitimacy as it is today without Silk Road. NXT needs to find a niche and excel there. Having a million features that no one wants to use is not a niche. Having one feature that everyone wants to use, is. Once we've gained some mindshare and legitimacy with FreeMarket, businesses will open up to the possibility of using NXT and all of its wonderful features. Let's get in where we fit in before it's too late. EDIT: In case anyone is not clear on this, OpenBazaar is not decentralized, it's peer-to-peer. Item listings are stored only on the seller's computer which means the seller's computer can be identified and if it goes offline then the seller's listings disappear from the marketplace. FreeMarket is truly decentralized with everything on the NXT blockchain: https://www.freemarketlite.cc |
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Is the online Ripple wallet considered safe since it comes from the Ripple foundation?
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Does Ripple have a desktop wallet? Am I supposed to store it in their web wallet?
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It is remarkable the orderly but massive sell off that is being taking place in NXT during the last few months... at a cost of 60% of the value of the project, of course.
Everything that can go right IS actually going right and yet the dumping is relentless, to the point that the market cannot assimilate it, no matter how good the news can be. Simply too many people selling... which we all know IS the main problem of this project: the distribution. Some or all of those 70-something people who hold 99.99% of the total NXT, are selling. Relentlessly if orderly. New investors, logically, have learn to stay away completely while the decline continues.
No good. Not good at all.
Without a killer app, the price will continue to decline into oblivion no matter how many features are available. FreeMarket is the perfect opportunity but there is only 1 dev on it as far as I know. |
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How does NXT benefit from the torrent client plugin?
Incresed fees, possibly demand too, is the main benefit. As I understand it, the torrents are based on prunable data. They stay around for an initial period (2weeks is the default I think) but if you or anyone else wants the data to persists, you pay another fee(s). I've not looked into it detail but that is the basic idea So you pay a fee to upload data to the NXT blockchain which is retrievable by anyone via a torrent? Is that how Torrentcoin works too? |
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How does NXT benefit from the torrent client plugin?
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There's no safer way than to go through a forum member?
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WTB XCP
Please PM me with offers in large or small quantities.
How can this type of transaction be made safe for both parties?
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If Symbiont is using Ripple to make its Counterparty smart contracts application faster, why not just use Ripple's smart contracts framework Codius and skip Bitcoin and Counterparty entirely?
Then it's not trustless. But is it trustless anyway since it will incorporate Ripple? |
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If Symbiont is using Ripple to make its Counterparty smart contracts application faster, why not just use Ripple's smart contracts framework Codius and skip Bitcoin and Counterparty entirely?
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Can Counterparty facilitate decentralized apps beyond tokens and smart contracts?
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