There's definitely a market that needs to be fed in terms of offering suped up/encrypted phones that have a normal price range. I'm sure there's some BTC startup thinking about such a service.
As far as I know its possible with any smartphone using VOIP and encryption. Its supported by SIP but I'm not sure how many clients offer it and if there's any standard forms. Meant to get it set up a few months ago but... anyway, many mobile operators block VOIP so it can be tricky sometimes (Vodafone does). Another requirement is that the encryption software needs to be open source. If it is not then it should be assumed that there is some kind of back door for an attacker (likely the NSA/US government) to use. It would also need to communicate P2P via the internet to who you are talking to instead of going through a central server. Utilizing a central server makes it possible that some kind of back door would be used when the messages are relayed via the central server. Most importantly, any private key would need to be created on the client side by the device with a RNG that is truly random. |
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This is almost certainly a scam. There is no such thing as a guaranteed, risk free return on your investment.
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Most games on smart phones are free with advertisements paying the devs.
I would doubt that people would play games any more if they were paid to do so, as the amount they could get paid would be very small (faucet sizes). It would be unlikely that a dev would be above to pay users an average of above .01 pennies ($0.0001) per hour as advertising would not cover anything above this.
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What exchange allows this?
If any such exchanges do this, whats the best rate?
I need some BTC as im wanting to invest in other altcoins.
BTC-E has such a feature. Fees are too high (if I am not mistaken) - check it by yourself. There are a number of websites that allow this but the price per BTC that is charged is very high and the amount you can purchase per day is low. This is not an efficient way to procure bitcoin if you have other ways of purchasing |
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I personally would only use localbitcoin if I met the person in a busy place. I don't trust anyone (meaning web sites or exchanges) with bitcoins. Also, you have to remember that the Govt has its eye on local bitcoin. IF you buy from the wrong person, they will get you for money laundering, although i think they are just using localbitcoin to try to reel in the bigger fish.
All untrue. The government has charged multiple people with violating money laundering charges when they were trading on local bitcoin for large amounts and received high premiums |
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Making a good profit of selling and buying bitcoins is difficult because the price swings, even if you put a large spread it wont be easy, anyway i think somebody could be making it.
You could potentially do it with leverage at an exchange. You would just need to be sure to watch your email to see when people accept your trades so you can execute a trade on your exchange account. |
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The reason the rate for PayPal => Bitcoin is so high is due to risk. They have to increase fees to offset the losses they have from customers who partake is charge backs.
You will likely be better off trading coins on localbitcoins then trying to buy (or sell) bitcoin via paypal (or a credit card) as the fraud rates are just too high. If you were to take out a cash advance from your credit card and then use that cash to fund a localbitcoins TX you would be much better off in terms of your total cost |
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That is biggest problem of BitCoin, people don't look at it as a money to use it, but as a treasury to keep for rainy days.
Since bitcoin is deflationary they use it as a speculative tool to increasing their wealth in terms of fiat. There is little way around this issue. |
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The miners would not sell on lose, at least the smarter ones, so we know that most of the miners are holding at least half of the mined coins for an eventual bubble.
If they are smart, they would have known it would be cheaper to buy coin directly rather than to mine for it. Miners are miners, not neceserly investors. Many miners confuse profit from speculation with profit from mining. "If BTC goes down such that mining is unprofitable, we can hold the mined coins until it goes back up" is heard often. But this is illogical. Shut off the miners at that point and simply buy the coins you would have mined. You will pay less than it costs to run the miners. This will also serve to prop up the market such that the mining profitability point will serve as massive support line. This is true, however doing this would also cause their machines to depreciate in terms of bitcoin as they will produce lower amounts of bitcoin as the difficulty goes up. In reference to the OP, he is correct that there is some pressure on the price of bitcoin from sales from miners, however that has been outweighed by other demand for bitcoin. Miners in general will not sell all of their proceeds as their revenues exceed their "current" costs (electricity) and their "capital" costs are often paid in bitcoin (the miners). |
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How do you see this affecting the price?
Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them! first thing they will do by my opinion is to sell them across all exchanges, then wait for even bigger plummet, and then rebuy. one can only hope the price on auction wont be as low as we fear it will be. Someone already bid market price -15% for all of them, so they won't go cheaper than 500ish. Since these coins will be sold only to Americans they will be subject to taxation if they sell within 1 year. So you think someone will dump these coins immediately and take a loss with paying taxes? After they would sell with slippage and pay taxes that would average under 400 per coin. So yeah, that's not gonna happen lol. They only pay tax on profit, not the whole value of bitcoin. That's not what Webslicer's CPA is saying. Since the procurement of said coins would be unknown unless you can show a receipt, You get taxed on purchase and sale price (they assume you mined all the coins). This would be unlikely to be worked this way in reality. It is not uncommon nor is it wrong to tumble or mix your coins, but your receipt would show a purchase to one address, then you would sell your coins out of a completely different address. |
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I wouldn't worry so much about the number of loans outstanding because as the site grows more people are going to open accounts and utilize leverage. I would say it would be natural for more loans to be outstanding. What this chart does not display is the overall leverage of accounts.
This is important because if overall leverage is too high then in the event of a flash crash or price spike then the exchange may not be able to force close positions quickly enough if liquidity is not there. It could be very possible that some of the accounts have very low leverage (well under 1.2:1).
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that sure was a long time to sell you house. I am glad that you were able to get your house sold and were able to get bitcoin for it. I would say that it would probably have been better for you if you simply took cash and then converted that cash into bitcoin. You could have listed you house in terms of fiat and then made a note on the listing that you would also accept bitcoin as you would likely not saved on any of the closing costs by accepting bitcoin, I would think that it could have potentially made the closing costs higher due to the complexity of the transaction.
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THis is getting boring.
Are they sold or not ?
Fucking hillbilly americans.
There won't be any news til Monday. On Monday, June 30, 2014, by 5:00 PM EDT, the USMS will notify the winning bidder/bidders that their bid/bids has/have been selected. there won't be news monday either...they will notify the winning bidders and only the winning bidders. only way actual news will come out is if the winning bidder decides to release a press statement. read the article mocrotasje you fucking hillbilly foreigner. yes they are sold. no they're not going to tell you who got em or for what. we've all known this for a week. I think the biggest chances of any bids getting leaked would be from second market. I would expect second market to communicate to the bidders the price paid, and how much they received. I would think that there were enough bidders on second market so that one of them would leak the information to the press. Based on the list of bidders that was leaked I would say this is the only potential leak for this kind of information |
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The Mother of All Bubbles will be when retail penetration reaches critical mass.
I am not sure why man. Please feel free to explain to me but as a typical economic evaluation goes, The purchasing power is trending up, Transaction costs only has a slight advantage in the international markets, and the aggregate demand curve is not all that. What policy planning will change any of that in a quantifiable way lol. Using bitcoin as a medium of exchange is not why the majority of the buys have been made.. Because if businesses ever decide to trade wholesale to retail purchases or business to business purchases in bitcoin, the demand will become 1000x greater than it currently is. Right now, outside of Overstock, businesses just convert straight into fiat. If they ever hold bitcoin to do commerce between each other, bitcoin will be worth 5-6 figures. Businesses don't generally trade retail purchases between eachother. However once businesses are able to pay suppliers in bitcoin the demand for bitcoin will dramatically increase. |
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When you buy a rental property you are still investing. You buy the property, find someone to rent it and hopefully receive rent over time to cover your cost of funds less your expenses.
Speculation is something that is more of a gamble. Investing is doing research to determine that the odds are in your favor
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A market crash is a destruction of wealth. In those times, most assets, especially volatile ones, will see a net outflow.
I keep hearing that term "destruction of wealth" like it's a real thing. It's more like a realization of actual wealth. The actual amount of wealth is the amount that the market says it is. If the market is willing to pay $2.5 for a widget then the widget is worth $2.5 no matter what anyone else says it is worth |
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I'm not sure if market cap is the only relevant factor for price stability. I think equally or even more important is the main use of bitcoin.
I'd argue that the more bitcoin is used for transactions the less volatile it will be. If bitcoin is primarily seen as a commodity it will have higher volatility than if it's primarily used as a transactional currency. With market capitalization in the trillions and primarily commodity properties it will have gold-like volatility which is still substantial but would not impede usability either.
This is 100% correct. It is not so much market cap that affects stability but total transaction volume, both measured by goods/services to bitcoin and by exchange volume. Once TX volume picks up (from TX of actual trades involving goods/services) then the price of bitcoin should stabilize. I would say the opposite. I would say that once the price stabilizes then trade volume would increase as people will be less susceptible to losing money between the time they acquire the bitcoin and the time they spend the bitcoin |
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some great things to come out of this The US government has made bitcoin even more legitimate with the selling of btc this must be the ultimate tick for btc as a currency if your own government is profiting from btc another tick and if I am correct is the purchase of btc by this organisation BNP Paribas (the Bank of Paris), never heard of a bank purchasing btc a list of investors looking into buying the silk road btc from coindesk http://www.coindesk.com/list-possible-silk-road-bitcoin-bidders-allegedly-leaked-us-marshals/Daniel Folkinshteyn, assistant professor at Rowan University Barry Silbert, CEO for SecondMarket Luther Lowe, director of public policy for Yelp Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group Fabrice Evangelista, quantitative arbitrage at BNP ParibasMichal Handerhanm, co-founder and COO of Bitcoin Shop Dave Goel, managing general partner of Matrix Capital Management Dinuka Samarasinghe, investment professional Chris DeMuth Jr., Rangeley Capital Fred Ehrsam, co-founder, Coinbase Jonathan Disner, corporate counsel at DRW Trading Group William Brindise, head investment manager at DigitalBTC Michael Moro, director at SecondMarket Jennifer R. Jacoby, lawyer at WilmerHale Sam Lee, co-founder, Bitcoins Reserve Shem Booth-Spain, artist and musician Avarus Corporation The guy from Rowan likely was on that list because he was asking questions about the auctions for academic purposes. Professors are pretty well paid but generally do not have that much money |
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Yields tumbled because it was expected that QE3 would be announced in the near future.
Yup, that's how market analysis works.  Trying to find an explanation post factum. Of these explanation the one I like most is because of expectations. If at the time QE2 was finished market participants thought that the Fed would continue to buy bonds (with a possible short break between programs) then this logic would be valid. |
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Harley997 - Does that include all transactions going through BTC blockchain or just the transactions, going through the blockchain.info exchange? Seems a bit low? But I imagine a lot of people hoard and keep their coins in cold storage, until the price of BTC explode, as predicted by the hype. I believe it is all "on chain" transactions. So "off chain" transactions will be excluded. AFAIK this number is inflated somewhat as it counts the outputs you send to your change address as being spent. It would also count when you use a tumbler that sends coins to multiple addresses or otherwise send coins to an address that you control (similar to moving money to one bank account you own/control to another bank account that you own/control) The off chain TX will likely somewhat cancel out the "extra" on chain transactions as coinbase to coinbase TX likely covers a large amount of their merchants sales |
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