Exchanges are for exchanging, wallets are for keeping coins.
Simply use things in the way they are supposed to be used and you will be fine.
The problem is when you are waiting in $$ for the volatile spikes downward to buy. Wiring $$ out to your bank account means you might miss big opportunities. Hence the drive to keep $$ on the exchange -- no other way to do it. |
|
|
|
|
I wouldn't use them for too high of volume. After seeing some of those stories, I definitely figured it best not to be a liquidity provider there. And I prefer to deal in cash only -- P2P and not through the site directly.
|
|
|
|
|
Seems to me that this is just a limp federal agency that will probably be ineffectual in regards to bitcoin and other crypto. As a consumer (and not a business owner/operator) in the crypto realm, this doesn't worry me personally.
|
|
|
|
|
Certainly, if I were to (ahem) want to pay for some sort of adult entertainment on the internet (cam site, porn, etc), then bitcoin would be the way to go. No handing ID info to shady websites. Nothing weird showing up on credit card bills...
|
|
|
|
are there not any escrow services?
Sure, if you are willing to have the escrow hold onto your coins for the six to twelve months until your ability to do a charge back expires. Once you can no longer claw back the money, you'll get your coins. I'll do this right now for you if you want. If the OP only want's the btc as a longish term speculation or some sort of savings, then this might not be a bad offer actually. That's rough, though. It's one thing to buy options, but if you are paying for actual delivery of bitcoins, that seems like an awful long time to wait. Just wire some money to an exchange or use Coinbase or something, LOL. That's just me, though..... |
|
|
|
As the price of these coins are the most important thing this year (considering it's the only thing people talked about the last 10 days) the price will go down or up by huge amounts when we know the outcome, right?
Right?
What do you think the chances we even find out the outcome are? Personally, I think they are low. It's a closed auction. I don't think any official channel (government) will release anything. And I wouldn't be surprised if the bidders have to seal their lips based on some terms of the auction. No experience here obviously, but that is what my gut is telling me. so all the FUD and speculation is fruitless because we might never know the price they sold for? Maybe -- I think the auction in the first place was a good chance to FUD the price down.  Now we recover and then some. When you get past the miniscule amount of coins at stake here, the auction news is quite bullish. Government stamp of approval, whale investors and all that. |
|
|
|
Iam not sure sometimes in Mt.Gox sometimes in btc-e and sometimes i sell to people. Depending on the rate is different on each exchanger  But selling to the people is profitable  Sometimes on Mt Gox? Uhh, where have you been? Been a while since anyone could sell there.  For the newbies -- don't send any BTC to your old Gox addresses. Apparently people are STILL making that mistake.  |
|
|
|
There is a lot of risk involved, though many don't like to admit. I guess on a forum where almost 100% are probably bulls...  I think there are some fundamental misunderstandings, to be honest. One poster earlier said that BFX would be "sued" if they did not fulfill their swap insurance obligations. And what obligations would those be?  They may collect a % of swap fees to insure against catastrophe, but this is a very paltry sum compared to outstanding long swaps. |
|
|
|
When the government auctions off assets in a closed auction, do they disclose the final results? I think we may all be waiting around for news, when there will be none.
Just watch the blockchain to see about transer of the coins. Once the coins start going out from the slik road addy, then you know they got sold and delivered even if you don't know who bought them. Sure, we can see when the coins move. But that tells us nothing about the "results" -- people want to know what price they went for, since apparently they think the exchange markets will quickly head to that price. I'm not convinced on that point, anyway. |
|
|
|
lol, that's a little too optimistic. I don't think it's less than $600, but i don't think it's over $800 either. But on the other hand, they go on localbitcoin for over $1000 sometimes so it's actually maybe not that much of a stretch. But it would be nice if it was that high though. I wouldn't put too much into numbers that you see on Localbitcoins. Anyone can set up two accounts on Localbitcoins, and as long as the trade is carried out through their site, it will register as having happened. So, if you were interested in people thinking there was demand at > $1k...... |
|
|
|
Pretty interesting, to say the least. It's been a while since I've seen a really large block time, so I think it calls to ask: What could lead to such a long wait?
Bad luck, basically. It really sucks -- it seems lately anytime I send a bitcoin payment, I end up on the block where it takes 1+ hour for a confirmation. I dread when I send a payment, and look to the see the last blocks at like "1 min, 4 min, 8 min" and then I know I might be in for a wait. Gambler's fallacy aside.... |
|
|
|
|
Amazon already has something called "Amazon Coins" in addition to gift cards. Basically they are like "credits" for Kindle Fire apps and games, etc. and by buying them, you can get those products at a discount. I haven't looked into it too much. Nothing to do with crypto, though.
|
|
|
|
Looking to me like we may have popped above $600 for the last time before another weak leg down. If we can stay = or > $570s, might look ready to pop up finally, but more sideways would not surprise me either, especially with everyone so bubble-hungry.... market may want to punish those longs bleeding swap fees. |
|
|
|
They're going for a premium, surprise surprise!! Honestly though, I don't think anyone with some sense in their head thought they would go below the market price. I don't think anyone with sense in their head thinks they are going for $1800 a pop either. Who is this guy anyway? I can't imagine he's serious with a statement like that... |
|
|
|
Patient, not stupid. The next auction will be in years once the court case is settled.
Sure. I'd be surprised if it dragged out years, as I didn't really expect it to go to trial from the looks of the case (Ulbricht being such a dumbass and all). But time will tell, I guess. |
|
|
|
how much you have bitcoin
i have 0.00118BTC doesn't it feel better to say "1180 bits"? Wouldn't to me. What the hell is this "bits" anyway? This is not even based on any accepted standard. At least the mBTC crowd has some legs to stand on there. BTC is already a unit. Thanks! |
|
|
|
|
The winners are decided. As for the losers, I think the types of investors who are looking to acquire these lots are patient. Considering the size of the rest of the SR cache, there will be more auctions in the future.
|
|
|
|
BTC-e
Reason: more volatility, they have more coins, other than btc and litecoin, and they have the trollbox.
LOL -- trollbox. Somehow, I get the feeling that this assists in the ridiculous spikes BTCE has in both directions.... Stamp will move $5, BTCE will wick $10 in both directions. And the trollbox is causing so much panic during this time, hehe. |
|
|
|
I have nearly 2 few days back and now after trading for alt coins my balance is showing only 0.2
 Really? What have you been trading for? That's a pretty big hit. I think alts are still going to grind downward (generally -- pump here and there aside), until the bitcoin rocket really takes off in earnest. |
|
|
|
Another issue is that since the demise of MtGox, when people do use a log chart, it's usually the Bitstamp chart which only goes back to late 2012, totally missing the previous history, including the Great Bubble of June 2011 and extended period of under-valuation through 2012.
There have been log charts created that use Gox data and switch to Stamp data some time last summer when the price on the two exchanges was at par, but they are few and far between.
It's amazing how many people fail to see that we're still all early adopters.
It would appear that way. But I do try to keep in mind that these sorts of trends can only be relied on for so long. At some point, it will break and we will search for support lower down.... It's not about "seems" but about math. And it is inevitable as long as bitcoin keeps the current advantages over traditional systems. Hmmm, I'm not sure your answer implies that growth in demand will maintain the trend in question. And the latter point -- bitcoin has the "first mover" advantage, but I'm not convinced at this point that it will be the end-all of crypto-currency. |
|
|
|
|
Show Posts
