|
Buy a little at a time, sell a little at a time, readjust you position so the value of ur btc is a certain percentage if your portfolio
|
|
|
|
It's gonna crash
and ripple goes to the moon, right? Yes probably, but in few months.It's hard to think about crypto-currencies without ripple. By the way do you know that ripple network through google wallet allows you to buy some bitcoin through credit cart ? credit card => xrp => btc. Doable on https://peercover.com It has been released today so be nice  Interesting isn't it ?? huh, well didn't know that, call me surprised...will follow news about ripple a bit more attentive from now on. but personally, i don't like data kraken google being directly involved in any of my online financial stuff. (sounds like a very bad mix) if they can do credit card to ripple why cant they do credit card to btc? clearly there is more demand for btc than ripple. are you suggesting we should build VISA and Mastercard API interaction directly into the bitcoin protocol?  (just having a little fun) |
|
|
|
|
good luck with the conference, wish i could make it but stuck down in karlskrona writing papers
|
|
|
|
|
woah congrats on getting this done
|
|
|
|
there are also fibonacci retracements...
How accurate is that? Have you used them in the past? well... some people say that the 61.8 or the 38.2 fib act as resistance/support... the 61.8 fib on bitstamp is at 177 and mtgox is 183, and we are over both of them. but then again this market is really f--ked up so who knows, we could be pissing into the wind and not know it |
|
|
|
I am a dual citizen atm. So I am etremely careful. It is my responsibility to file fbar but I keep my foreign balances below that threshold. I also do not try to hide money. All you can do is remind your customers. But, there is a but... However, the US is making deals with countries to have their banking institutions report on US nationals' accounts, which is why a lot of EU based banks won't touch someone with an US passport due to the extra paperwork and possibe penalties. Your business might fall under this as well in certain countries. There is a list of countries floating around on some govt website but I just cant find it at atm. It is sort of crazy but I think this will really hurt US business 10+ years from now. http://rt.com/business/deadline-extended-americans-foreign-banks-231/There are western union affiliates all over the world and I am sure they, the affiliates, dont need to file with each state. I am surprised no one has figured this model out in bitcoin land yet... bitcoin union ... |
|
|
|
Frankly I think that's awful advice in the case of Mastercoin and similar systems, precisely because they can get away with using standard transaction to achieve their goals.
Why risk having the reference client maintainers reject your transaction standard if you don't have to?
That presumes additional checks on pubkeys are not coming down the pipe, which is also awful presumption / advice. Basically what this means, to me, is that the Mastercoin Foundation would need to ensure that there is at least one developer interfacing with the core bitcoin development process. Sort of like a lobbyist...it should not be left to chance encounters on this forum. Anyway like salesforce has appexchange, facebook has fb apps, and apple has appstore, bitcoin will need to be friendly to its "partner ecosystem" at least if it is to mushroom... not sure that is in the vision, or who is leading the vision on that. Mastercoin is to bitcoin, as zynga is to facebook, as angrybirds is to iphone, etc. Btc holders and miners should be happy about vendor lock in lol. |
|
|
|
there are also fibonacci retracements...
Someone should double check me, but bitstamp is hovering at almost exactly the 61.8% fib retracement from the earlier year high to the low that followed a couple days later... |
|
|
|
After the crash happens everyone will be talking about how unexpected it was.
The writing is on the wall.
not yet dude still have some ways to go |
|
|
|
The real capitulation is still ahead. There will be wailing and gnashing of teeth. Fortunes will be lost, lives of many will be ruined. You are blinded by greed and live in a world of imagination. The downfall is imminent.
the capitulation of the us dollar? |
|
|
|
Which means that Mt Gox and most other exchanges are not compliant either, despite being registered with Fincen. The question was, what can an individual state do about it?..
If it will be a serious problem then we just turn off the ability for a user to transfer to each other. However, the rewards aspect of our business is similar to Google Adsense in that they pay out a share of advertising income to a website owner, difference being we hold funds ready to pay out on behalf of the business instantly a deal or tagvert within our system is redeemed. If this still needs an MTL in each state you have customers, then everyone running an affiliate system would also need a license.
they may eventually get slapped with big fines (assuming gox stays afloat). look up the recent penalty fees accessed on Square by the State of Florida for operating without license - 500k down the drain, not including all the money they must have spend on lawyers, auditors to clean up the mess. http://techcrunch.com/2013/08/16/square-fined-507k-in-florida-for-operating-a-mobile-payment-service-without-a-money-transmitter-license/by the way i thought the guys at bitinstant are registered in 33+ states... I am surprised they have not come up with an affiliate program... however i do not think your company would meet the definition of a money transmission business, sounds like you are just paying sales commissions |
|
|
|
|
there are also fibonacci retracements...
|
|
|
|
|
right now on gox there are 25679 btc in buy orders between $1 and 1.25
i have to wonder, did people just forget about their accounts? are these orders from people who are dead?
at the other end the depth of for sale btc is about 26000 btc... each week it gets lower...
at some point, something has to break
anyway i put in a small sell order at 469, come and get it...
|
|
|
|
 makes sense right  |
|
|
|
|
this is the far more likely scenario
some of those gox dollars right now are imaginary dollars since the US govt and i think according to the lawsuit CoinLab is holding millions of people's deposits... so... something like 5 or 10 million... someone remind me the # please.
let's say the price goes to $500/btc on gox...
you and 99 other bagholders sell $100000 of btc for an imaginary $100000 each... $10m that is not in gox accounts, that is a fact
now how exactly do you plan on getting your money from Homeland Security and CoinLab?
Mtgox could file for bankruptcy protection in Japan, who even knows what that would mean... it could take years of legal wrangling before you see a dime!
Meanwhile btc will go up.
Don't get me wrong I like using gox and have used it in the past but numbers don't lie...
|
|
|
|
I dont know if it is even possible for MtGox to be out of Bitcoins for BTC withdrawals! After all, all bitcoins listed were once deposited at MtGox and no Bitcoin seizure happened.
who knows maybe they accidently lost a wallet file... just the other day i figured out the passphrase to an encrypted wallet i couldnt access for 3 months! |
|
|
|
I am fairly new to Bitcoin and crypto, but I see the possibilities and I am at the stage where I don;t need to make more money, but I do want to try and make changes where I can...offering a company for BTC I thought might give it a bit of credibility...even though I was pretty sure no one would have enough or want to part with it, especially with recent events. Bitcoin right now is definately a commodity and not a currency as such. I had a price on some software last week in BTC, and already in a week I would have to pay much more for the same software. It's OK if you price stuff in USD and then say you want the equivalent in BTC, but to price any products in BTC at the moment is a pain if you have to buy it with Fiat. Just on other news, I will be setting up an exchange later this week, and with it a new altcoin for my ecommerce, rewards and payment startups here in the Philippines.. ...news will be up later on bitcointalk in the appropriate forum, but just wanted to say that I am putting in a quite a bit of money and support into Bitcoin and crypto in general, as well as doing it under government regulations, or rather, working with them to figure out what those regulations should be so crypto can co exist with Fiat... interesting times.. As far as I know, in Sweden as in other countries, a lot of company data is public, but the revenues and profits are not. In any case, profits for a private company can be whatever the owner wants them to be. If someone wants to build a company up for sale, then it pays to show as much profit as possible over a period of time. If the owner wants to take money out, then there are many ways to do that too. But this for another discussion topic on another forum..:-) I have been looking at mastercoin and colored coins - the market for this is not mature enough to make decisions on a large company. Then, I believe, there is the small factor of the SEC - they would take great interest in any company that has more than 100 shareholders..:-). But I would love to offer it up that way, and see it grow. As for ROI, around 20% to 30%... If you give me concrete examples of what we can do, and there is an exit strategy for me, then I would be glad to look at it. I am already interested in cryptostocks, but done outside of the USA.. You are right that it would be difficult for one person to pony up 75k btc or even be willing to part with such an amount at this stage. Which is why splitting it among many shareholders would allow you to more easily realize such a large amount. The legal side is difficult. The regulations are complex and essentially a securities lawyer would need to be involved. Another option is to move the corporate parent to a foreign jurisdiction which is easier to deal with. However I think there are still issues with solicitation of US persons. This is not my domain of knowledge. Colored coins are a bit behind, but the MSC foundation now has about 800k in funds to accelerate development. The next bounty is for parts of the system which enable trading between msc and btc. As of today anyone could take the msc code clone it and create a vtc-coin with it's own address and make an offering. The issue for anyine issuing equity though is currently there is none of the functionality needed for tracking who the owners are, no easy way to communicate, no easy way to do voting, no way to do dividen distribution. But those should get developed. I would give it until early next year when the technology should make a lot of this a reality. |
|
|
|
|
Show Posts
