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2017 update? How about using ShapeShift and altcoins?
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Hallo, This morning BTC lost 600$ , and now move around this support. We suggest to hedge position (expecially if you are in profit yet). Follow our sheme: A) We suppose you have 100 BTC (bot work the same with 100.000 satoshi too  ) B) You would preserve FIAT value (so 60 k $) What you need to do: 1) Sell 20 BTC (20% of your asset) and hold 80 BTC2) Go short on leverage 5x using these 20 BTC3) Take Profit on leverage position @ 500$ & Put Stop loss on Holding BTC @500 $ too 4) Stop Loss on Leverage position @660$ This is a simply Hedge position that preserve your BTC value at a cost of about 3 % (spread + net loss) But there are lot of hedge strategies: let us work for you, take a look on www.bitib.eu or PM me Though the OP is selling something, would you be able to explain this hedging strategy to me like to a 5-year old? I'm interested in bitcoin hedging strategies in general. Wrong thread? |
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why you don't need escrow?bigger than bigger company are using escrow Do you know of a trading site similar to Whaleclub using escrow, or only exchanges? |
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Withdrawing from ATM in my opinion is very expensive for every card, so i'm doing this only when i must. (as i know the smallest fee is around $2.5) You consider a fixed $2.5 fee for an ATM withdrawal too much... Paying shops and internet is very ok( if you pay in currency that card was issued, in other currencies sometimes they take little %) - anyway it is very comfortable and not expensive. For simplicity's sake, let's consider the little % to be also 2.5% - in reality it's usually more, but in this way we can compare a $2.5 ATM withdrawal fee with a 2.5% shopping fee...And you don't consider a variable 2.5% (in our example) not to much! The devil is in the details, let's see! It all boils down to how your variable 2.5% shopping charge compares to the fixed $2.5 ATM fee. It depends on how much you live on bitcoin: how much of your monthly living expenses do you charge on your bitcoin card. How much do you live in a cash society (the majority of your transactions will be ATM withdrawals), or how much the society you live in is a cashless one (the majority of your transactions will be for shopping). I never make operation: my BTC wallet > cryptopay BTC wallet > fiat > bank account, so i can't help you, but if someone did it, please let us know. You seem to can't help me in something I didn't even ask. It's OK! |
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Every one going with his own experience and I am saying Uquid is currently best in use as they are giving very good service and support is also very quick to response use this card without any problem
They have been offline for a few days. Important question: do all these (most of these) cards we are talking about hold your balance in bitcoin, or rather in fiat currency in a separate electronic wallet? Which card is which? I guess, the method when the card is directly connected to bitcoin should be better, but in reality? In the former case, are your bitcoins only exchanged to fiat currency at the money you cash out at an ATM or buy something in a shop/online? In the latter case, usually how long does it take for your bitcoin to be transferred and exchanged to the fiat electronic wallet? |
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Site is down for me!?
It has been down for a few days. What has happened? |
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I prefer using Bitcointalk (currency exchange) as a trading platform all of the time as It's not that hard to spot scammers and there is a lot of DefaultTrust members who are active in that section which make it easy to do business with them without worrying much.
What I had in mind is to do some business in Amazon Gift Cards, me buying their cards for bitcoin, a high risk business for me. Paxful seemed to be the place for that, this forum isn't. Correct me if I'm wrong. Any ideas for this? |
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I wonder which card can you recommend for my situation. What I'm looking for is a low value, prepaid, virtual gift card, which should hold a balance of 100 euros. Or dollars, or pounds, or Australians, or Canadians, something in that range. It doesn't have to be reloadable. Of course, it shouldn't ask for my personal data in this value range. The pricing structure should favor smaller payments (as it's already a small value, prepaid virtual gift card), ideally it shouldn't charge by the transaction (shouldn't charge per POS purchase). It should be a smooth operational experience, and a solid product. Does it exist yet, and if so, which one is it? Edited to add: It should be more than just a mobile app, it should work from the web/Tails. Should work without SMS: NIST declares the age of SMS-based 2-factor authentication overI am in Canada, and have used both plastic and virtual visa for http://cryptopay.win I found their fees to be lower than most and use all three currencies being GBP, EUR and USD. No ID or verification was ever asked from me. They seem to do exactly what I want to avoid with a more or less anonymous card for small payments only: they have a fee structure that penalizes shopping, eg. they charge by the number of purchases. I've read through the thread, maybe there isn't a better solution yet, maybe I should check back later for future developments. |
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I wonder which card can you recommend for my situation. What I'm looking for is a low value, prepaid, virtual gift card, which should hold a balance of 100 euros. Or dollars, or pounds, or Australians, or Canadians, something in that range. It doesn't have to be reloadable. Of course, it shouldn't ask for my personal data in this value range. The pricing structure should favor smaller payments (as it's already a small value, prepaid virtual gift card), ideally it shouldn't charge by the transaction (shouldn't charge per POS purchase). It should be a smooth operational experience, and a solid product. Does it exist yet, and if so, which one is it? Edited to add: It should be more than just a mobile app, it should work from the web/Tails. Should work without SMS: NIST declares the age of SMS-based 2-factor authentication over |
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I wouldn't get involved in Paxful myself as both their CEO and CTO got arrested a few months back for having weapons and cocaine in Miami.. Thanks for the info, I didn't know this. I prefer using Bitcointalk (currency exchange) as a trading platform all of the time as It's not that hard to spot scammers and there is a lot of DefaultTrust members who are active in that section which make it easy to do business with them without worrying much.
What I had in mind is to do some business in Amazon Gift Cards, me buying their cards for bitcoin, a high risk business for me. Paxful seemed to be the place for that, this forum isn't. Correct me if I'm wrong. |
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I like the concept. I wonder if such a service exist where you can spend larger amounts by a credit card to a bitcoin address, irreversible. That would be cool, too, for other purposes.
Is this a worthwhile idea at all? |
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@vvikkass quick question: do you have the subtitle files as well? Helpful for us non-English speakers. Anyways, I don't want to ruin your business, thanks for the awesome service, indeed! I just came across a site with very easy downloads - including exercise files, and subtitles as well. check it out: http://www.tut-dl.com/It is far from being comprehensive, so far I'm entertained by its selection, your service is still valuable for filling out the gaps. If anyone managed to contact the owner of TUT-DL, would you mind to PM me? (Your homework: in which country are they located?) |
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@DirkZiff@europe.com quick question: do you have the subtitle files as well? Helpful for us non-English speakers. Anyways, I don't want to ruin your business, thanks for the awesome service, indeed! I just came across a site with very easy downloads - including exercise files, and subtitles as well. check it out: http://www.tut-dl.com/It is far from being comprehensive, so far I'm entertained by its selection, your service is still valuable for filling out the gaps. If anyone managed to contact the owner of TUT-DL, would you mind to PM me? (Your homework: in which country are they located?) |
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They are both peer to peer marketplaces so there will always be some scammers. Also consider that none of the people who have a good experience on these websites have a reason to look for bitcoin exchange review websites, it is the few that have a bad experience who go out of their way to leave reviews on other websites.
I'm sorry to say but the argument that only people who have grievances rate a product is pretty weak. I mean, look at all those reviews on Amazon or TripAdvisor... or even sites like TrustPilot or BitTrust. They are in the full range, good and bad reviews, too. Yes, it's easier to leave reviews on Amazon, you sing up to shop, but on the other sites? Come on, guys! I expected better discussion from the premiere bitcoin community! |
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I like the concept. I wonder if such a service exist where you can spend larger amounts by a credit card to a bitcoin address, irreversible. That would be cool, too, for other purposes.
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Wow. Mr. moderator has moved my topic to Bitcoin Forum > Economy > Marketplace > Service Discussion > Exchanges, thanks for him! anyone has to add anything to this? I thought you have more to say.
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There are all kinds of review sites out there (not mentioning Amazon and TripAdvisor, but let's take Trustpilot) where people leave all kinds of reviews, some of them are even stellar. So, I your logic doesn't fully add up to me, sorry, maybe it's just me. Sure, LocalBitcoins.com is the market leader, but I've read Paxful aimed to add improvements, remove frictions. Is this topic about trading or exchanges, by the way? |
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I realized most of the discussion about LocalBitcoins.com and Paxful are in the Exchanges forum. I thought they are trading platforms. What to do now? Perhaps, we should move the topic over to the Exchanges branch? |
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Let's consider both LocalBitcoins.com and Paxful as marketplaces where you can trade bitcoin for a myriad of other payment methods. Let's consider both platforms from the buyers' and sellers' perspectives as well. Both their ratings on BitTrust disappoint, both are rated approximately at ~2.4/5: http://bittrust.org/localbitcoinscomhttp://bittrust.org/paxfulIs it BitTrust, the trading platform themselves, or the people who rate the services? The funny thing is, when I checked them also on BitTrust a few months back, the ratings were like ~3/5 for LocalBitcoins.com and ~4/5 for Paxful. Now they are equal, equally worse. I understand that certain amount is risk or fraud is inherent to these platforms, caution is required, or we may call them a minefield as well, depending on your perspective. I just remember reading posts back in the days how Paxful is trying to get this marketplace thing right, how it tries to be better than LocalBitcoins.com. They even wrote this sketchy(?) piece on Medium: https://medium.com/@paxful/i-m-3-108-closer-to-paying-off-my-college-debt-by-selling-bitcoin-bf3aadc60f08But is there any truth to it? It's on Medium, so. All in all which is the best social trading platform like these? Some recommend Mycelium Local Trader, but that's certainly a different, much more constrained environment. |
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Which is the most painless way to hedge bitcoin to USD today with cryptocurrency? Which has won, or, is seemingly winning?
Other alternatives?
Maybe I posted this in the wrong forum. Who knows? |
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