1) so I have sent email(s) to Instaforex again. they do acept BTC again, but they wont tell me the exchange rate (after asking the 3rd time they wont respond anymore). they always send me this link https://secure.instaforex.com/en/deposit/bitcoin-preview?x=JEBP "in order to know the process and rate for Bitcoin itself." but you have to have a verified account to see it there. I tried to get a verified acount, but my documents were rejected (btw, they passed at FxOpen, Tradersway and others) 2) found out another broker accepting BTC: -pipstriker https://pipstriker.com/?ref=Fabian298doesn't show exchange rate > i've send email, asking for it. here is the (useless) response: Well sir there are not any specific conditions to deposit or withdraw bitcoin.
Exchange rate will be 1 Bitcoin = $337
If you want to know anything else please do not hesitate to contact us. -------------- I'm kind of tired of those brokers. they accept Bitcoin but treat it like it was fiat. why not show the exchange rate or explain how exchange is done? |
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Best way is to keep buying so you lower the average you paid for your bitcoin so you minimize losses  who is spreading strange advices like this? I read it all the time what is better? a) you bought 1 BTC at $1.000 begins to fall, so you "lower average", 1 BTC at 800 continues to fall , so you "lower average", 1 BTC at 600 continues to fall , so you "lower average", 1 BTC at 400 continues to fall , so you "lower average", 1 BTC at 200 continues to fall , so you "lower average", 1 BTC at 100 you got 6 BTC for $700 avarege ($3100 total) WORST CASE (never comes back): you lose over $3.000 b) you bought 1 BTC at $1.000 begins to fall, so you sell 1 BTC at 800 (lost 200) it falls below $100, comes back, and starts a trend on daily, you buy BTC 29 at $100 ($3100-200=$2900) WORST CASE (never comes back): you lose $200 Well you considered that if you bought at 1,000 which was the peak so anyone buying at that level is a complete idiot... regardless who the hell can only afford $100 of risk?! In the bitcoin world a quick couple hundred dollar movement is not uncommon so why even play this game if you can't double up when you're down $500/coin ...lets be serious here, you don't know how to trade... you obviously don't understand what I was trying to say. perhaps think it over again? |
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Best way is to keep buying so you lower the average you paid for your bitcoin so you minimize losses who is spreading strange advices like this? I read it all the time what is better? a) you bought 1 BTC at $1.000 begins to fall, so you "lower average", 1 BTC at 800 continues to fall , so you "lower average", 1 BTC at 600 continues to fall , so you "lower average", 1 BTC at 400 continues to fall , so you "lower average", 1 BTC at 200 continues to fall , so you "lower average", 1 BTC at 100 you got 6 BTC for $700 avarege ($3100 total) WORST CASE (never comes back): you lose over $3.000 b) you bought 1 BTC at $1.000 begins to fall, so you sell 1 BTC at 800 (lost 200) it falls below $100, comes back, and starts a trend on daily, you buy BTC 29 at $100 ($3100-200=$2900) WORST CASE (never comes back): you lose $200 |
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Wallet reopened
so what? Coin is dying coin is a phenix |
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from this list of those brokers
i will prefer and suggest to go with fxopen
a trusted and established forex broker with good reviews
instaforex is also good but as you said that they are not accepting bitcoin deposits anymore
You are correct about FXopen I haven't contacted Instaforex anymore because I didn't like their generic response to my email. But since they still have the Bitcoin logo on their page, I jjust sent them another email....If I get a (diferent) reply I will add the information |
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But im coming to a conclusion that ive overrated bitcoin myself.
the real big thing about blockchain might be other than "beeing a currency", for example: http://www.proofofexistence.com/about |
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Hahaha you are asking a question that many economists still don't know the answer to.
like I always say: economists havent dicover the "heliocentrism" yet. lol The answer is simple, people place subjective value on things for many reasons including "because it was tuesday". People collect all sorts of things like stamps and old coins that have no direct monetary value today, who wants an old used stamp, well in some cases they are selling for a lot of money. Try to stop thinking of things as televisions and mobile phones, sometimes even a flower can be sold for something. Freedom is priceless  you simple anser doesn't convince me. stamps and old coins have a nostalgic value which can explain how they start to gain monetary value. |
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some people don't know the diference between "price doesn't matter for the future of Bitcoin" and "price doesn't matter for the Bitcoin holder"
Well if the price of bitcoin is low enough (or not high enough) then people will not invest their time and resources in the development of bitcoin, and people will have little reason to adopt bitcoin or for merchants to accept bitcoin the value of the tecnology has nothing to do with the price, so I disagree......The valuation was nice to make Bitcoin known all over the world, but as we all know it actualy makes adoption for merciants almost impossible. |
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some people don't know the diference between "price doesn't matter for the future of Bitcoin" and "price doesn't matter for the Bitcoin holder"
First of all, price always matters in capitalism. I dont know why ypud say something like that. Would u not consider the PRICE when u someday finally purchase your OWN btc?? If youre talking about blockchain i agree. I am talking actualy about the tecnology, so yes, the blockchain. maybe I got the whole topic wrong and was offtopic. |
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some people don't know the diference between "price doesn't matter for the future of Bitcoin" and "price doesn't matter for the Bitcoin holder"
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well, I'm always advising to research brokers before using them in this thread. What is an IB?
You are technically an IB (although we differentiate between an IB and an "Agent") as you seek out brokers and introduce them to people by describing their characteristics. You make recommendations based off of what you have read and experienced yourself. IB - Introducing Broker Therefore, while Trader's Way considers you to be an "Agent" you are still one of our partners. We pay our IB's slightly more money from the clients they refer to us. (IBs are required to be Agents first and refer at least 30 clients. After 3 months we then open up negotiations for IB status) Hope this helps, Joe Carney thanks a lot for the information. This thread more or less started as a personal list, which I thought could be usefull for other people, too |
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I would like to recieve in Bitcoin which is automaticly hedged. Would be nice to be possible
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As long as BTC keeps going down relative to fiat, then you need to spend BTC the instant you get it. So why don't you just spend fiat directly? Yeah, and as long as BTC keeps going up relative to fiat, then you need to hoard the BTC you get. So why don't you just spend fiat instead? Bitcoin-as-money is a failure. The real innovation that has a bright future is the-blockchain-as-a-trustless-payment-method. Why are you even here? What you just said......is not from someone who loves Bitcoin as a concept but thought he might get rich quick. He actualy said that he believes in the concept of the blockchain. You using the verb "love" looks very strange. perhaps you "love" Bitcoin as a currency because you want to get rich yourself? just asking |
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As long as BTC keeps going down relative to fiat, then you need to spend BTC the instant you get it. So why don't you just spend fiat directly? Yeah, and as long as BTC keeps going up relative to fiat, then you need to hoard the BTC you get. So why don't you just spend fiat instead? Bitcoin-as-money is a failure. The real innovation that has a bright future is the-blockchain-as-a-trustless-payment-method. Why are you even here? What you just said......is not from someone who loves Bitcoin as a concept but thought he might get rich quick. very true, I wish there was some kind of share which would make investing in blockchain as a pure tecnology possible |
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what I don't understand is how it all started. noone would buy something that has no value (the first mined coins). so who bought the first coins? It might have started as a pump and dump, and once this caused a valorization it caused a chain reaction.
Noone designed it as a pump and dump scheme. It was designed as a digital currency (as were all the digital currencies from the early 90's). It was obvious that an exchange was needed to determine a price for it, but even before one became available, the first transaction occurred when a miner offered 10000BTC for a couple of pizzas. No pizza shop accepted them, so an aspiring bitcoin user paid fiat for the pizzas and made the trade to obtain his bitcoins. That determined the first defined price (about .2 cents). Interestingly, it wasn't zero before that really...it was undefined. so one guy bought BTCs because of something like a joke, but how did the market build itself? who started to buy coins, and why? Hmm. It was fun, but I wouldn't call it a joke. The digital currency work all thru the 90's was very serious stuff. I guess the answer to why it built itself was that people realized it had a future and wanted to be involved to learn about it. I bought into various digital currencies back as far as the early 90's just to be involved for the same reasons. Then exchanges came along... intresting, but I still don't understand how this could cause the initial "pump" (while I can perfectly understand all the following, once there was the first one) I'm not sure what 'initial pump' you're referring to. In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin thanks for the link by the way |
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well, the easiest way would be to add zeros. you would alter the code so 1BTC will be worth 1000BTC. nothing actualy changed (since you could also cut 3 zeros after the comma)
This is more difficult in practice than in theory. If Bitcoin were a centralised organisation — like a company — then the CEO would announce the stock split and everyone would have to follow. But unfortunately, Bitcoin is decentralised, and no one has the authority to announce this change. We have to find a solution that allows for a gradual, organical transition (as opposed to a coordinated switchover). well, who are the devs? they are some kind of centralization. community wouldn't be forced to update to the new version they make, but it probably would. |
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what I don't understand is how it all started. noone would buy something that has no value (the first mined coins). so who bought the first coins? It might have started as a pump and dump, and once this caused a valorization it caused a chain reaction.
Noone designed it as a pump and dump scheme. It was designed as a digital currency (as were all the digital currencies from the early 90's). It was obvious that an exchange was needed to determine a price for it, but even before one became available, the first transaction occurred when a miner offered 10000BTC for a couple of pizzas. No pizza shop accepted them, so an aspiring bitcoin user paid fiat for the pizzas and made the trade to obtain his bitcoins. That determined the first defined price (about .2 cents). Interestingly, it wasn't zero before that really...it was undefined. so one guy bought BTCs because of something like a joke, but how did the market build itself? who started to buy coins, and why? Hmm. It was fun, but I wouldn't call it a joke. The digital currency work all thru the 90's was very serious stuff. I guess the answer to why it built itself was that people realized it had a future and wanted to be involved to learn about it. I bought into various digital currencies back as far as the early 90's just to be involved for the same reasons. Then exchanges came along... intresting, but I still don't understand how this could cause the initial "pump" (while I can perfectly understand all the following, once there was the first one) |
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well, the easiest way would be to add zeros. you would alter the code so 1BTC will be worth 1000BTC. nothing actualy changed (since you could also cut 3 zeros after the comma)
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what I don't understand is how it all started. noone would buy something that has no value (the first mined coins). so who bought the first coins? It might have started as a pump and dump, and once this caused a valorization it caused a chain reaction.
Noone designed it as a pump and dump scheme. It was designed as a digital currency (as were all the digital currencies from the early 90's). It was obvious that an exchange was needed to determine a price for it, but even before one became available, the first transaction occurred when a miner offered 10000BTC for a couple of pizzas. No pizza shop accepted them, so an aspiring bitcoin user paid fiat for the pizzas and made the trade to obtain his bitcoins. That determined the first defined price (about .2 cents). Interestingly, it wasn't zero before that really...it was undefined. so one guy bought BTCs because of something like a joke, but how did the market build itself? who started to buy coins, and why? |
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