It seems like every time I think of buying something with BTC, the price drops, so I end up paying more.
Given the wild swings of bitcoin prices, I really think any merchant worth his or her salt would peg the prices to the exchange rates so that customers aren't screwed over when it changes. Doesn't matter. Example: Buy 1 BTC at $100. Hold. Buy 0.25 BTC for $25. Find item for sale that has its price pegged to $125, but by that time the exchange rate had dropped, so the 1.25 BTC is insufficient. The $125 peg requires, for example, the purchase of 0.10 more BTC for $9.26 (assuming you buy at spot, no fee). In the end you will have to spend $134.26 to buy a $125 item. I see this happening to other people all the time... "I came up short, need to buy 0.xx BTC to make up the difference because of the rate drop", paraphrased. Murphy's law at work. It works the other way when the price is going up. Buy 1 BTC at $100. A while later, after the price has risen, you go buy the thing which is pegged to $125 for your 1 BTC. Now you spent $100 to get a $125 item. |
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And where is that PR rep the company supposedly hired and put up one post? Seriously, that is a total waste of shareholder money!
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Either Bitcoin goes to $0 or Bitcoin wins
And that is the reason people should invest. BTC is either $0 or $100,000+. Seems like a good gamble to me.  What are the odds really? I would think at least 50/50 at this point in the game. By this logic you should put all your money in lottery tickets. Either you win or you lose at the lottery, so that's about 50/50 chance of getting a million dollars!  I'd be surprised if it ends up being a true world currency like you're proposing it will
Why? Because you're talking about bitcoin effectively replacing the dollar, the yen, the yuan, etc throughout the world. Governments aren't going to give up control over their currency without a fight. I am bullish about bitcoin, but not that bullish. Yes, it's peer to peer, the government can't just shut it down like they could with, Ripple for example, but my bet is that one or several governments would execute a 51% attack against bitcoin if it truly got to the point where it would be threatening their control over their own currency. Even if it gets to the point where it would cost $1 billion to execute such an attack, I think the government would do it if that's their only way of controlling bitcoin. There will still be fiat currencies hanging around when Bitcoin is mainstream, just like there will still be bitcoins hanging around used by a few hard core geeks in the situation when the price drops close to zero and everybody else has abandoned the project. |
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Just so you know...I have no money and i can't pay back the loan. Me and my mom are poor and on disability and food stamps. TY for the BTC though.
Seriously, scamming for less than a bitcoin? |
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0.18$ since US closed all exchange markets and you cant sell them or buy them.
You don't need an exchange to buy or sell bitcoins. |
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Here, let me check my spreadsheet ... 288.50 USD per BTC on 2015-06-28. Mark it in your calendar.
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You are not the only bull, there are plenty of people around who think the price will go up long-term. Some of us just realize the long-term and short-term can be moving in opposite directions.
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isn't bitstamp in England?
It would be easier to tell if the put some sort of contact information on their website. Ah, you can see it if you log in. They list an address in England. ABOUT US
BITSTAMP LTD. 5 Jupiter House
Calleva Park, Aldermaston
Reading
Berkshire RG7 8NN
United Kingdom |
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SPAM SPAM and TLDR....
A restriction of a newbie like myself is to prevent spam of boards but also of someone just creating manipulative accounts. Of course there are probably some people with 10 or 20 accounts on here that are used just to help them con other people. "My name is jimmy and what this guy says is right. You should invest in his scheme .eerrr plan." Barriers of entry are made as a form of filtration this is not always a bad thing.
That is obvious, but why should that cost be necessarily paid in posts and time? We have a wonderful measure of value here that is transferable. It's called Bitcoin. Why not just use it the way it was meant to be used? You want people to be able to pay money and have a free ride to spamming and scamming? If they do not want to put the time/posts in for getting non-newbie accounts, they can just pay somebody else to go through the time period for them. There are a few people selling accounts, and I am sure you could convince some of the slackers around here to burn some time reading the forum to get out of newbie jail for you. Let the market decide. Hmm ... I have a friend who might be interested in doing that ... |
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I think the forum has gotten much better since this rule was implemented. By the way, I think the last few ad-hominem posts should be considered off-topic |
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Looks like bitcoins are on sale - grab them while they are cheap!
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Can't figure out what is their consideration of doing this. No one answer questions from Newbie at all. Why they are so sure newbie must not raise good questions and have to be kept prison here...
I answer questions from newbies sometimes. The problem is that very few people actually look for the answer themselves, so we get many, many threads on the same topic, and it feels repetative to answer the same questions over and over and over again. Many times there is even a thread on the same topic on the first page of the section they post in. Like this: https://bitcointalk.org/index.php?topic=177133.0https://bitcointalk.org/index.php?topic=244803.0https://bitcointalk.org/index.php?topic=177136.0https://bitcointalk.org/index.php?topic=245409.0https://bitcointalk.org/index.php?topic=15911.0https://bitcointalk.org/index.php?topic=244728.0OK, so some of those are more relevant than others, but I just went through the first couple pages of 'Newbies' Sure, but it would be nice to define the terms clearly. It would also be nice to have a possibility to pay some BTC in order for these restrictions to be lifted with immediate effect.
The forums gets about 100-1,000 people per week. Having all of them post on one day would be chaotic. Now think about paying. Think about paying .01BTC to get out of Newbie Mode. Now think about that amount increasing per month because of demand. PEOPLE BE PAYIN DAT .12. The forum would be rich. Now think about how much the donation groups would be. Wanna pay 20BTC for the current 10BTC donation package? The forum already has way more money than they know what to do with, they do not need to add a payment to join. |
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I suspect we have sock puppets registering for this now... one per customer people.
Registered above
How would you know if they were sock puppets? |
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The post count to get out of Newbies was lowered from 5 to 1? I think that was a good change, basically everybody was making spam posts in the newbie forum to get up to five posts.
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I've tried to entice selling by placing bids at 10% and 20% above NAV
So unless anyone has any comment why I shouldn't do it I think I will place a wall up at a bit over NAV and use the cash to buy back more shares.
You should not be doing this for the most fundamental reason: You are offering to pay 110-120% for 100%. By doing this you are destroying the underlying value for shareholders. Unless you are putting up the bids using your own money, instead of the funds money, and then it would be silly but not as bad as wasting the fund's money on buying back overpriced shares. Do you need to get shareholder approval before selling more shares? |
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I guess I will enter too:
Username: Peter Lambert
address: 1Nk33QxqyEWuQWFUQzQtYjkgRxp5yZouHa
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I have 30k XRP And am going to get 4.5btc soon for that, I need 3BTC To buy something off bitmit.
So you are going to pay 4.5 btc in a couple hours so that you can buy something for 3 btc now? What is that, 15000000% APR? Why can't you just wait for the money to be transferred out of ripple, it only takes a couple minutes? No, I am not giving 4.5BTC In return. I Need 3BTC Now, And will pay back the whole 3BTC in a few days. So you want an interest free loan? |
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I have 30k XRP And am going to get 4.5btc soon for that, I need 3BTC To buy something off bitmit.
So you are going to pay 4.5 btc in a couple hours so that you can buy something for 3 btc now? What is that, 15000000% APR? Why can't you just wait for the money to be transferred out of ripple, it only takes a couple minutes? |
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Auction ended without a winning bidder.
That is not surprising, bitcoins have been trending down the past couple weeks, why would anybody pay you a premium for bitcoins when they can just wait and have their order filled lower next week? |
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BTW how were you planning to choose the number? Put it in a random number generator?
I'm searching for a verificable way. You could do something block chain related, like state the time the drawing will be done, then the first block after that time, you look at something to pick the number, like the last four digits of the total amount sent or the last four numerical digits in the coinbase address? |
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