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1  Bitcoin / Bitcoin Discussion / Re: The Bitcoin Crooks are not Who We Thought They Were on: March 01, 2014, 02:49:05 AM
For what it's worth I got all my bit coins AND my fiat sent back to me after bitfloor was shut down. Sorry to hear if not everyone else did. Sad
2  Economy / Speculation / Re: Why has the price of Bitcoin become stable recently? on: June 05, 2013, 05:52:08 AM
I think it has a lot to do with the trade bots buying every little price drop automatically.
3  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 01, 2013, 06:00:14 PM
BTC is so boring now. It's been b/w 110 and 130 for a month! Given the huge risks associated w/ BTC trading I'd expect equally huge returns. Not really worth it to trade anymore.
4  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 27, 2013, 08:05:27 PM
I saw some massive buys around 125. I kinna wonder who is behind $500k buys. Hedge funds? Rich eccentrics?
5  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 24, 2013, 07:35:23 PM
As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.

 Huh

Cause a lot of ppl are worried about all of gox's assets  getting frozen and price increases there being panic buying to transfer off.
6  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 04:36:58 PM
BTC prices are so boring these days Undecided

Are the bots keeping it stable? Conference insiders?
7  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 16, 2013, 05:05:40 AM
The price movement is really weird. I think people are bidding the price up on gox to get their fiat out via btc. Then the other exchanges are roughly following gox price. Who knows where we will end up.
8  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 15, 2013, 06:21:55 PM
Are we seeing panic buying yet?
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Giveaway! on: May 15, 2013, 05:01:43 AM
rpGY1KZbrZpHoBbZr55YuJSRfTgEZWFsEG
10  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 14, 2013, 10:36:32 PM
Very scary time to be in BTC.  One interesting thing is that ppl w fiat in gox  are going to have to buy BTC to get out of gox.  So price might go up a bit at first. Who knows what after that.  Could be very bad.
11  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 09, 2013, 11:48:07 PM
I'm amazed the price has been so stable with the DDoS or whatever going on for so long. Volume is really really low.
12  Economy / Trading Discussion / Camp BX the last US exchange? on: April 18, 2013, 11:56:40 PM
Looking for a place to trade after bitfloor and would rather not send money or BTC overseas. Problem is they don't   seem to have good liquidity.
13  Economy / Trading Discussion / Re: Bitfloor a good place to trade? on: April 14, 2013, 05:54:29 AM
Right now they trade at always a 10% higher price than any other exchange because they are the only exchange that allows low-fee cash deposits. There is no way for my to get my money off bitfloor unless I send my bitcoins off to another exchange with loss.

What do you mean? They have ACH bank transfer don't they?
14  Economy / Trading Discussion / Questions about trading on: April 13, 2013, 09:30:11 PM
Do I need to wait 3 days for trades to settle like normal stocks? Or can I just jump in and out of USD/BTC constantly? Also is there an easy way to keep track of trades for taxes? Anything else I should know before trading?

Thanks!!
15  Economy / Trading Discussion / Bitfloor a good place to trade? on: April 12, 2013, 04:14:54 PM
Anyone have recent experience with them? Wondering if my $$ is going to be safe or if it would be used to pay back hack victims.
16  Bitcoin / Hardware / Re: Announcement from Avalon on: March 26, 2013, 04:25:18 AM
With respect, as someone relatively new to the game..... may I offer the following insights and comments:

  • The timing and structure of this sale prevents a newcomer to the BTC economy such as myself from gaining access - I needed to sell stocks, settle the trade, transfer money to a bank account, wire money to Mt Gox and then finally get BTC to fund a purchase of Avalon equipment. Total delay estimated at 8 - 10 business days - not your problem I know, but worth mentioning perhaps
  • Despite issues of timing, if I take the $16,000 investment for 2 x 85 Gh/s (ttl 170 Gh/s) from Avalon and (ahem) pre-order BFL machines now for an estimated total of 720 Gh/s purchase AND allow for in excess of doubling of difficulty from 12,000,000 to 25,000,000 for delayed delivery I show a total return of $125,000 for Avalon and $273,000 for BFL respectively based on a time frame of 12 months
  • NB- I have a window of recourse with my credit card company and perhaps paypal should BFL not show sufficient evidence within the next 30 days that they will deliver product - no such opportunity or recourse exists with Avalon
Clearly, I have opted to order from your competitor.

Should your value proposition and business model shift to a more competitive stance in the future I look forward to having the option to become an Avalon customer as well.

Best of luck with Batch #3 and beyond and thank you for your groundbreaking contribution to the future of Bitcoin for all.

I'm very doubtful that the difficulty will only double when all the batches are out. And with btc at this exchange rate it's a massive gamble to buy one of these and you may as well make up numbers out of thin air. Is there a difficulty calculator out there that says how it will increased based on added x g/h?
17  Bitcoin / Hardware / Re: The latest Avalon announcement in China(Translated). Batch #3, price and more. on: March 20, 2013, 11:18:07 PM
So after taxes and shipping the 3 module unit is around $6,500. Holy damn!  How many years ( or decades if BFL ships)  will it take to get your investment back.  Insane.
18  Economy / Service Discussion / Re: Official Gox / CoinLab Integration and Transition FAQ on: March 20, 2013, 09:38:24 PM
I have a new mtgox account with no BTC bought.  If I buy BTC with USD on the 22nd (final transition date from Coinlab) will my money ever go overseas at all? Don't want to deal with the headache of registering an overseas account.
19  Bitcoin / Bitcoin Discussion / Re: FinCEN addresses Bitcoin on: March 20, 2013, 04:44:55 AM
Has there been any actual specific guidance or response on if an individual mining coins then converting them for USD is defined as a money transmitter? That would mean 99.9% of miners for btc->usd would be breaking the law (and could go to jail?) I'd really like to start mining  Cry
20  Bitcoin / Legal / Re: FinCEN guidance: BIG application to U.S. Miners on: March 19, 2013, 06:23:01 AM
Looks like mining and converting BTC to USD is now illegal unless you are a licensed corporation with hundreds of thousands for licenses and bonding requirements. Shocked  

Hardly.  US miners will just have to AML/KYC with a regulated US bitcoin exchange, to get US Dollars.

It is also doubtful that regulators even care about small time miners.

Pool operators might be a grey area, on the other hand.



If you are a money transmitter, don't you need a money transmitter license?
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