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Economy / Service Discussion / Re: Class action lawsuit against Coinbase, inc
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on: March 05, 2014, 06:57:40 AM
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my question is, can a customer cancel an order if the price falls dramatically?
If yes, then it is all fair game. If not, and they only cancel when the price goes up, while forcing you to buy even if the price bottoms, then this is fraudulent behavior.
of course you can't, i don't see that option available anywhere...
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Bitcoin / Bitcoin Discussion / Re: A real discussion of the shameful bitcoin problem
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on: March 05, 2014, 06:14:56 AM
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None of the bitcoin markets can withstand any real test of traffic, liquidity, and money flow. They don't even have the competency or tech support to handle all the issues once traffic starts. Right now traffic is a joke and is just major bubble/overbuying.
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
These sorts of myopic arguments abounded during the early 1990s too. Modems take forever. Downloading a tiny image is too slow. Who wants to watch 10fps 320x240 video that needs to re-buffer every 20 seconds...etc.etc.etc. Have some vision. Think a little bit. Realize the positive-feedback-loop dynamic of phenomena with strong network effects. Realize too that bitcoin (finally) has significant mindshare with really talented, accomplished people. Innovators are innovating, VCs are investing, and better, far more professional infrastructure is being built every day. This is happening, and those with myopic short-term vision will be left scratching their heads as to how it all passed them by. So you think bitcoin really is like the internet of money? Or is it another tulipmania?
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Economy / Exchanges / Re: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading
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on: March 04, 2014, 08:16:42 PM
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my wire completed and money's in the bank. 3 days as stated.
Now that BTC prices is back over 800 but the margin loan outstanding is down to 16.25 million. People are lightening up as the price rises. The rally will probably see some headwind as margin loan unwinds and flash return rate is down below 0.2
That's just my 2 cents.
Interesting. That's good to hear that bfx is on top of wires!!! Are you saying that bfx has the power to move a market because they operate like 40-55% of btsp's trades? ^ is this for real?
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