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23
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Economy / Trading Discussion / Re: Where to invest bitcoins
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on: December 29, 2014, 06:06:11 PM
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Arbitrage is not so easy as it seems. A price difference between exchanges occurs for a reason. And that reason is low number of participants (the technical term is liquidity) in a market. So you set up accounts on a bunch of exchanges and then look for opportunities where you can buy on an exchange with a low price and then sell them immediately at a higher price. But once you are holding the tradable asset you are assuming the risk of holding that asset. So, let's say that exchange is selling an asset at a low price, like all the people who got stuck buying under priced BTC from Mr. Gox in the beginning of 2014, but they could not get those BTC out of the account. So in that case you are assuming the risk of buying that asset with the hope of selling it at a higher price. Which is fine, but the next leg of the trade, the selling has its own issues. If an exchange looks like it has an offer at a high price, everyone watching the market will pile in and try to execute at that price. The problem is that professional traders will have direct access to the market probably through a live feed called an API or Application Programming Interface. Where their computers can snatch the good price before we ever could. The way to make money from anything is to educate yourself carefully. Develop opinions yourself and execute carefully with only a small portion of your available assets so there's room for mistakes and learning. And if something looks too good to be true, it probably isn't true.
Your website looks like a total sham. And you're an idiot if you think that someone is going to give you 550 bitcoins.
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25
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Economy / Currency exchange / Re: SELL BITCOINS
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on: December 29, 2014, 04:55:43 PM
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Rate - 320 $
1 minute ago sold : 0.5 , left 6,761 BTC
Hurry up!
NO I DONT SEND FIRST!
So no escrow? Careful everyone.... How many times have we seen this before? Well looks like we killed off this scam nice and early The "buyer" is also a newbie. Wow. What a stupid attempt.
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30
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Economy / Scam Accusations / Re: Angelbitcoin and theodor they may be the same person. Aware scammers warning.
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on: December 29, 2014, 08:11:58 AM
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Admin, Shipitbuddy commented on justadude thread for him to confirm its his he is dealing with and when justadude sent funds shipitbuddy deleted his comment. He has scammed the guy.
I am using one account here only and i dont have any account. Admin can check and if shipitbuddy accuse me wrongly pls ban him here.
Everyone beware of shipitbuddy he has had 3 cases of scam now no one should deal with him. I get sad and sick seeing people loose funds for just nothing. its has to stop.
He already admitted using MTGObitcoin, when I pressed him. But he is smart. He steals money from new members, then trades with stolen money with old trusted members, who leave positive feedback. Well, no more. I think PokerBTC's negative rating should be removed too. He was scammed. He didn't try to scam anyone.
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31
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Economy / Currency exchange / Re: SELLING/BUYING BITCOINS.
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on: December 29, 2014, 05:12:01 AM
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tha bastard scammed me a few weeks back. Could kick myself and I know I wont get my money back He admitted he uses 2 accounts. I use one, if u cannot read properly is not my issue. Please stop spamming my thread. He also left himself a good rating with one of the accounts he admitted using - MTGObitcoin.
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33
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Other / Politics & Society / Re: Why is Africa stuck in the stone age?
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on: December 28, 2014, 09:47:05 PM
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Fact is - you are unable to govern yourself Those are the words of a fascist, fyi, I'm white and from the UK, people like you need to have a proper read up on history instead of blindly believing what priests, school teachers and politicians try to teach you. To me there is nothing more arrogant and patronising than somebody claiming that somebody else isn't allowed to self-govern or have their own opinions and therefore should be ruled over instead. They cant because they are corrupt. And greedy. Not because they are unable to. Example - South Africa. It was governed by P.W. Botha - a white man until the 1990s. Now it's most prosperous. Not only - africans needed much less help back then. Now they are procreating like rabbits and someone else has to foot the bill.
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