Meuh6879
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Activity: 1512
Merit: 1012
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October 22, 2016, 03:29:14 PM |
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Ted E. Bare
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October 22, 2016, 03:31:52 PM |
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Bitcoin is the best thing in my life.
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Meuh6879
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Activity: 1512
Merit: 1012
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October 22, 2016, 03:33:05 PM |
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podyx
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Activity: 2338
Merit: 1035
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October 22, 2016, 03:40:38 PM |
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JayJuanGee
Legendary
 Online
Activity: 4158
Merit: 12614
Self-Custody is a right. Say no to "non-custodial"
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October 22, 2016, 03:42:11 PM |
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Yesterday, about 18 hours ago, I did a BTC buying transaction of about 3.5 BTC on the chain. That was around the peak of the mempool backup.
The guy selling the 3.5 BTC to me was using Mycelium and I was using the Blockchain.info wallet. I use my local bitcoins advert to establish our agreed to buying price, and the Localbitcoins website gave a warning that "due to an ongoing attack on the network" transactions may take more than 3 hours to go through (even though they will show up immediately as "pending").
Since I had already done several transaction with the guy selling me the 3.5 coins, I felt that the likely delay in confirmation was not a major risk problem for me in terms of the likelihood that he would attempt to pull shenanigans on me, such as attempting a double spend.
He used a fee of about .00015BTC (about $.095 - which is almost 10 cents), and the transaction took 83 minutes for the first confirmation. I did not watch the transaction, so I am not sure how long it took for the next 2 confirmations and for the coins to become available for my usage. Usually the first confirmation takes the longest, and the second two confirmations will usually go through within less than 30 minutes from the time of the first confirmation. Is that an off-site transaction to avoid fees? Normally the seller has to have funds in his escrow wallet before he can place an ad. The transfer would then be internally on LBC's side, and it would be the withdrawal to your own personal wallet that would be delayed. When I buy or sell BTC on LocalBitcoins, I usually use it for one or two transactions with people that I have just met (through my ad). After I establish a relationship with them, then I will start to transfer directly (especially because I am doing it in person and in cash). We use the local bitcoin rates for guidance for what the rate of our direct transaction will be.... which currently mine is pegged at around 4% in each direction - whether buying or selling. |
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AZwarel
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October 22, 2016, 03:55:57 PM |
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So much for quiet...  |
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mixan
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Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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October 22, 2016, 03:58:36 PM
Last edit: October 22, 2016, 04:30:30 PM by mixan |
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Whats happening ?
Why is BTC skyrocketting ?
segwit approved by sec  LOL Was just wondering the same thing. Cause it was $640~ish when i was buying this morning then in the last 20 minutes.. BoOm! It blows up and starts skyrocketing! has passed
666.66
What the...  Could it be.. hmmm.. satannn! |
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JimboToronto
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Activity: 4452
Merit: 5739
You're never too old to think young.
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October 22, 2016, 03:58:44 PM |
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Good morning Bitcoinland.
I see a pleasant little rise today... currently $652 on Bitcoinaverage.
No big deal but a small step in the right direction. Go Bitcoin go.
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Denker
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Activity: 1442
Merit: 1016
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October 22, 2016, 04:45:28 PM |
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Good morning Bitcoinland.
I see a pleasant little rise today... currently $652 on Bitcoinaverage.
No big deal but a small step in the right direction. Go Bitcoin go.
Yeah nothing big. Bitcon still sleeping.The giant just tossed and turned from one side to the other. Still waiting for the first eye opening! |
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mixan
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Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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October 22, 2016, 04:55:24 PM |
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Good morning Bitcoinland.
I see a pleasant little rise today... currently $652 on Bitcoinaverage.
No big deal but a small step in the right direction. Go Bitcoin go.
Yeah nothing big. Bitcon still sleeping.The giant just tossed and turned from one side to the other. Still waiting for the first eye opening! Yeah, thats one way to put it. It did not move anymore just that big wham bam but no blammm! now.  Still waiting for the giant to wake from it's long lasting slumber. It has been way to long now.  |
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criptix
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Activity: 2464
Merit: 1145
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October 22, 2016, 04:58:31 PM |
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Either we see a big dump or 1000 at the end of this year. Pinky promise Unicorn.jpg |
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toknormal
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Activity: 3066
Merit: 1188
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October 22, 2016, 04:59:56 PM
Last edit: October 22, 2016, 05:12:28 PM by toknormal |
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It did not move anymore just that big wham bam but no blammm! now The 3 and 5 minute charts are correcting. Lets see what happens at the end of that. Maybe 15, 20 minutes. EDIT: Stabilising. 3-minute chart correction completing. Wait for the 5-minute next and the hound may be back off the leash... |
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Hyperjacked
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Activity: 1624
Merit: 1126
It's all mathematics...!
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October 22, 2016, 06:43:28 PM |
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Hyperjacked
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Activity: 1624
Merit: 1126
It's all mathematics...!
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October 22, 2016, 06:45:01 PM |
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I'm waiting for the bottom to fall out...
Don't wait. If you start Kegel exercises now, you can probably prevent the outpouching.  Two Thumbs way up for a creative reply... Look the market cap is completely insane IMHO! That doesn't mean it can't go past a 100billion market cap... Crazier things have happened...jay of course does not deserve a response Cheers bitcoinland Yes Yefi maybe btc will see a 100 billion market cap! Crazier things have happens... Cheers longs |
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JayJuanGee
Legendary
Online
Activity: 4158
Merit: 12614
Self-Custody is a right. Say no to "non-custodial"
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October 22, 2016, 06:58:45 PM |
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Good morning Bitcoinland.
I see a pleasant little rise today... currently $652 on Bitcoinaverage.
No big deal but a small step in the right direction. Go Bitcoin go.
BIG deal or not?  ? That is the question. We had almost three months floating largely in the $560 to $630 range, following the Bitfinex "hack", and before that we had nearly 2 months of a "correction to mid-$600s. We can maybe call this returning to mid-$600s, even though surely there are a lot of us who are more than ready to witness a return to the $700s and beyond. Feeling like it could happen this time. |
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JimboToronto
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Activity: 4452
Merit: 5739
You're never too old to think young.
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October 22, 2016, 07:42:32 PM |
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Cheers indeed!  |
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ImI
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Activity: 1946
Merit: 1019
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October 22, 2016, 10:33:20 PM |
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lol and always those 200 walls on bitstamp. we are seeing them now since weeks, once one 200 stack is being bought he refills and sets the next 200 wall.
sometimes i wonder if those hacked finex coins are eventually being sold step by step on other exchanges.
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AZwarel
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October 22, 2016, 10:39:19 PM |
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Ask walls melting away, sellers predict even higher prices, i smell more run up during the night (night in Europe, thats it:_). 6 hours ago there were more than 2500 BTC ask for 670$ on Bitstamp, now its only 453 BTC for 670$, and 2500 would shoot the price up to 770$.  |
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toknormal
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Activity: 3066
Merit: 1188
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October 23, 2016, 12:11:36 AM |
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Earwig. Low.
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leowonderful
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Activity: 1624
Merit: 1130
Bitcoin FTW!
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October 23, 2016, 12:28:38 AM |
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lol and always those 200 walls on bitstamp. we are seeing them now since weeks, once one 200 stack is being bought he refills and sets the next 200 wall.
sometimes i wonder if those hacked finex coins are eventually being sold step by step on other exchanges.
That's exactly what I'm thinking right now, not a bad idea to sell without much attention. It's not holding us back too much, but we'd probably be at a higher price without all of these 200 walls everywhere. I feel a 65-35 chance of breaking the 600 cap we've been at for so long, we could just go back to the high 500s though. I choose to be optimistic  |
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