What do you guys think of CampBX platform? My account there was just funded this so starting to take their platform for a test drive this week.
I am using their API and it works fine. Customer support is good and they seem professional. Unfortunately they don't have much volume... Even ExchB has better liquidity. I would like to see some advanced trading options enabled though (such as short selling). I think it might be good for bitcoin. ---- My general feel is that CampBX is a little more robust than other exchanges. I might be wrong, but they seem more committed towards building a serious trading platform while other exchanges still have some bugs to iron out. For example, TradeHill and ExchB add orders to the orderbook before matching them. I never traded before bitcoins, but this seems like a huge mistake to me. My bot has to specifically ignore bid orders higher than the lowest ask order (and vice versa). Dealing with these undocumented tiny details is really annoying. |
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What about Google Checkout? If you don't mind paying double: http://www.btcnow.net/ (I know paying $18 for a bitcoin is stupid, but if you're desperate and need it really fast.....) |
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Note that bitcoin is not anonymous by design. There is a certain level of privacy, but all the transactions are publicly logged. Bitcoins are aimed at everyone. To find out the motivation of the current userbase you would have to survey all users  But yes, currently there are mostly tech geeks, libertarians and some drugs fans (money laundry isn't very popular in my opinion). I think bitcoins would simplify online payments and transactions. For example, I live in europe, but I like dealextreme.com because they offer free shipping and they have cheap stuff. It would be cool if they let me pay with bitcoins and avoid the fees from Eur/USD conversion. Other area where bitcoins could be useful is micro-payments. Your mom probably won't use bitcoins anytime soon (or ever). If bitcoins take off, they will take their place as an alternative way to pay online. So if bitcoin succeeds and if your mom shops online, she might use bitcoins in a few years. |
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no no, I'm not asking that at all, I just asked an easy way for me to gain the bitcoins, because reading online I found some sites that offer bitcoins in return for clicking and filling stuff and also mining but no site I could find said how much I could earn in a given time, so I though maybe there were other ways, but I understand, I was very stupid and mostly ignorant, sorry!  Man... getting 15 bitcoins is like getting $150. There are also a lot of websites that pay you dollars for clicking and filling stuff. Now you tell me, how are you going yo get $150?  |
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So you are asking us to give you $150?
Bitcoins are money, in case you haven't noticed. And like money, you don't get it out of thin air. Mining costs time and electricity. If you don't want to mine, you have to pay for them.
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Sorry - when referring to encryption, i didn't mean encryption surrounding coins.
So - when sending funds and receiving coins from mtGox, it's essentially a person(s) doing this. This is what I'm referring to. I think for the 'average joe' to accept this (assuming they even check) would take a whole perception shift. PayPal is PayPal. People know PayPal and "trust" PayPal. What's the driving factor here? I'm in to BitCoin because it avoids major institutions? Because there are lower fees? Why do I decide to start using BitCoins (hypothetically speaking of course).
Bitcoin is a different currency. You buy bitcoins like you buy euros, us dollars or any other currency. MtGox is an exchange. There are people selling bitcoins and people buying bitcoins at MtGox. That is what drives bitcoin's price up and down, just like in the stock market, forex, etc. Why use bitcoins is an interesting question that we could talk about all day long... There are some key points I think: - Lower fees than credit cards - Universal (I can send money to my cousin in australia and I don't pay extra for that) - Private (you don't need to have my name, address, etc. if you want to take a payment from me) Many people are in it for curiosity, others because they can mine with their computer and others because they can order drugs online with it. It really depends... |
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When you access this site, are you utilizing TOR or something to that effect?
Erm... No. This is just a forum  |
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Don't worry much about the technical details unless you are really interested in the inner works. The bitcoin itself is secure. That's what you need to know.
What might not be secure are the services that use bitcoins (exchanges, online stores, online wallets, etc.). So yes, you should try to check who are the owners of the websites you use. Ask here or search the wiki if you are unsure about a certain service.
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Just so you know:
- 1 bitcoin is worth around $9 and you can buy them at MtGox, TradeHill, CampBX, etc.
- With a proper $150 graphics card you should get around 1 bitcoin per week (if you mine 24/7). CPU is irrelevant.
Now rethink/rephrase your question.
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Wow... It does look nice. Bookmarked.
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So my account will (slowly) accrue BTC every month?
Yes. And you will earn more if you store more. There is a formula somewhere on their website. Slowly or not, we are yet to see. They publicly opened on August 10th. I think there was a private testing period before that, but I don't know how much people earned. |
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Flexcoin gives 'interest' in the form of discounts on their transaction fees. Far from what I actually want.
Hum... Not exactly. Flexcoin charges a fee for withdrawals. 30% of that fee is used to keep the site running. 70% of the fee minus miner fees is distributed among the users of Flexcoin. It is interest, but it isn't a fixed amount. It depends on how many people withdrew money from Flexcoin during the past month. |
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When do people receive the "discount"? Is it at a fixed day every month? I couldn't find it in the FAQ.
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Yes: www.flexcoin.com It's the only one that does that right now (they call it discount instead of interest). There are other online wallets, but none generates any interest. |
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The last few days haven't been that exciting and I agree, the fees are high, but there is still a lot of space to day trade. Yesterday's low/high were 8.75/9.25 with lots of ups and downs in between. A few weeks ago we had something like 6/10 in one day so be patient... I trade on CampBX.
I also trade there, but they usually follow MtGox's price swings. |
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It's been almost 10 days and the site is still "preparing for launch". Does anyone know what is going on? The title was also changed from "Bitcoin and cryptocurrency" to Bitcoin. Why was that? I opened up the forums today and I saw lots of threads related to sex so I remembered this... |
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i think making money out of nothing is more attractive for most people than working to get some :-)
I am not talking about investments opportunities. I am talking about getting bitcoins to buy stuff. If I want to pay with bitcoins, I am not going to sit around for 1 month looking at my computer and waiting for it give me a coin. I will simply buy a few coins and do my online shopping with them. New people should not be pointed towards mining unless they specifically want to know more about it. Also, nowadays mining is not a great investment. Initial costs + electricity costs make it hard to get the invested money back quickly. |
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The only problem I see is that (IMO) most people don't need to know anything about mining to be introduced to Bitcoin.
This is really important. Today I bumped at this on reddit and I was surprised by the amount of people that refuses to use bitcoin because they can't install a miner/don't have a GPU/miner crashes/etc. If you want bitcoins, buy them. Mining has nothing to do with it. If you need gold, you are not going to start digging around everywhere... |
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Here is why you need to use the log chart:
(d/dx) log x = dx / x
Now, what is dx / x. Well that is the change in x over x. If we move from continuous time (derivatives) to a discrete time interpretation, then it's analogous to (x2 - x1) / x1 (ie. percentage change). Log charts show percentage change.
Why percentage change?
Well, would you rather have your investment go from 5 to 10 or from 10 to 20? Obviously they are both the same, you double your money. A log chart would show a change from 5 to 10 to 20 as a straight line which is what you'd want. A linear chart would make it look as if they price had grown exponentially.
Thank you. |
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