buyandhold
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Activity: 231
Merit: 43
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May 13, 2018, 09:01:04 AM |
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With a +7-10% buy premium, people will never use them though. This is not true. People will use them for the novelty of owning bitcoin, or for buying very small amounts. Or because they don't have a better way to do it. But I agree with the spirit of your post. Until these things begin to become competitive they will stay in the general realm of being a novelty. TBH I'm not sure what these Bitcoin ATM operators are thinking with having those premiums so high. I assume it's an attempt to recoup the cost of the ATM itself maybe? But they would do well to get those buy premiums down to at least 2-3%, otherwise people will just jump online to do it. Guessing it's tailored for the silkroad crowd. That's still a thing right??? Still a thing. Now called Tochka. Even has an ICO. https://mail.google.com/mail/u/0/?ui=2&ik=3cbcd4e1a9&view=lg&msg=16354bf73ceff838[New post] Darknet Markets and the Shadow Economy
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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jojo69
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Activity: 3150
Merit: 4309
diamond-handed zealot
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May 13, 2018, 09:18:16 AM |
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what?
no way!
drugs are over man. haven't you heard?
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kaicrypzen
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May 13, 2018, 09:38:02 AM |
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With a +7-10% buy premium, people will never use them though. This is not true. People will use them for the novelty of owning bitcoin, or for buying very small amounts. Or because they don't have a better way to do it. But I agree with the spirit of your post. Until these things begin to become competitive they will stay in the general realm of being a novelty. TBH I'm not sure what these Bitcoin ATM operators are thinking with having those premiums so high. I assume it's an attempt to recoup the cost of the ATM itself maybe? But they would do well to get those buy premiums down to at least 2-3%, otherwise people will just jump online to do it. Fees may not be the only deciding factor here, some people are prepared to pay these fees, why would they? one may ask. Maybe they are looking for something tangible as a first experience in buying Bitcoin and they don't necessarily exchange big money so in the end the fee is not that high. Moreover, people may be more familiar with ATMs (as they use them to get fiat) and they deliver immediately, no need to wait for your wire transfer, you walk in with fiat and walk out with Bitcoin and vice-versa. I don't know if ATMs need some kind of verification, yet if they do, it is probably a bit more private than when you use your bank account, scan your passport and make a selfie to be able to exchange ... Also, ATMs may be the only way in some countries to get Bitcoin. It all comes down to how much one values these things and how fast they need to do the exchange I think. Maybe someone who already used (still uses) Bitcoin ATMs can share their experience?
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btcbeliever
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Activity: 232
Merit: 29
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May 13, 2018, 10:32:49 AM |
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Definitely encouraging price move, 2 decidedly green consecutive daily candles.
Could this be the beginning of a break upwards penetrating $10,000?
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FractalUniverse
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May 13, 2018, 10:43:38 AM |
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Definitely encouraging price move, 2 decidedly green consecutive daily candles.
Could this be the beginning of a break upwards penetrating $10,000?
Daily is still showing only inside bar for now, color is not much relevant in this case.. can be just calm before continuing downtrend. I'll believe its breakout upwards when i see one
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JayJuanGee
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Activity: 3696
Merit: 10145
Self-Custody is a right. Say no to"Non-custodial"
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May 13, 2018, 11:02:26 AM |
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They say sell in May and go away. I bought (quite a lot) and I am here to stay: always the sum I am not afraid to lose. We will see how this unfolds: still bullish
I panic-bought TFD at $8340 so I can sleep better this weekend. Not that it matters a year from now. Are you suggesting that a year from now, BTC prices are going to be at such a level (higher than now) that the difference between buying at $8,340 and buying at $9,340 is not going to make a very BIG difference? What kind of BTC price are you thinking? Somewhere north of $20k? I personally am thinking that if we get another exponential BTC price rise before a year from now, then there are decent chances that testing of BTC price support would stay above $20k, but surely nothing in BTClandia has any kind of certainty... and I suppose, even a decently played out bullish price movement scenario that pulls bitcoin into the $100k price territory within a year or so, would have decent potentialities of returning to test price support areas below $20k. yep...I see it going sideways at best for till the end of the year...my view is that mt. gox has to wrap up the liquidation from the trustee's point of view (for them to get paid and done with the liquidation) by the end of this year....is my guess ....thus 1.9 Billion BTC to USD in the next 8 months that 'pig' has to be digested by the Bitcoin Python can it be done, don't know...but if it can be and the price goes sideways..that is my best case...at the way mt. gox trustee always panic sells on exchanges directly and kills his own price point, by the mass of BTC he moves, and always selling on the low/drop in price (panic sells)...BTC IMHO could go as low as 3k IMHO... NOW IF ...the mt. gox trustees sold outside of exchanges (most likely the folk would hold) and stated they are going to move so much coin in increments on a time frame till the end of the year at best manner possible...then perhaps..it would not matter and the price could go up...but with the cluelessness or just plain spite these 'banker connected' lawyers liquidating mt gox have taken...I sometimes wonder if they are not making this a 'train wreck' just so when they go back to representing the Japanese banks they can show they f*cked the BTC ecosystem as much as legally possible on this liquidation... For a long time bitcoiner, you surely do seem to have a decent ability to buy into a lot of the mainstream media FUD regarding one factor that is supposedly keeping BTC prices down. Sounds like a lot of nonsense to me, because surely the GOX trustee does not have enough coins to meaningfully effect overall BTC markets - more or less a blip on the radar screen in the overall scheme of things. On the other hand, bitcoin does remain in a price correction situation, so yes, there is a certain amount of upwards momentum that is needed to break back into the 5 digits and to get the price momentum moving up, rather than either sideways or down.
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4rt3m
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May 13, 2018, 11:37:39 AM |
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Surprised that Germany is so deeply interested in Bitcoin, thought that Asia (Korea, China) would be on the top: https://bitnodes.earn.com
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kaicrypzen
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May 13, 2018, 11:43:00 AM Merited by JayJuanGee (1) |
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yep...I see it going sideways at best for till the end of the year...my view is that mt. gox has to wrap up the liquidation from the trustee's point of view (for them to get paid
and done with the liquidation) by the end of this year....is my guess ....thus 1.9 Billion BTC to USD in the next 8 months that 'pig' has to be digested by the Bitcoin Python
can it be done, don't know...but if it can be and the price goes sideways..that is my best case...at the way mt. gox trustee always panic sells on exchanges directly and kills his
own price point, by the mass of BTC he moves, and always selling on the low/drop in price (panic sells)...BTC IMHO could go as low as 3k IMHO...
NOW IF ...the mt. gox trustees sold outside of exchanges (most likely the folk would hold) and stated they are going to move so much coin in increments on a time frame
till the end of the year at best manner possible...then perhaps..it would not matter and the price could go up...but with the cluelessness or just plain spite these 'banker connected' lawyers
liquidating mt gox have taken...I sometimes wonder if they are not making this a 'train wreck' just so when they go back to representing the Japanese banks they can show
they f*cked the BTC ecosystem as much as legally possible on this liquidation...
For a long time bitcoiner, you surely do seem to have a decent ability to buy into a lot of the mainstream media FUD regarding one factor that is supposedly keeping BTC prices down. Sounds like a lot of nonsense to me, because surely the GOX trustee does not have enough coins to meaningfully effect overall BTC markets - more or less a blip on the radar screen in the overall scheme of things. On the other hand, bitcoin does remain in a price correction situation, so yes, there is a certain amount of upwards momentum that is needed to break back into the 5 digits and to get the price momentum moving up, rather than either sideways or down. There is no doubt news are used to spread FUD for the benefit of those who want cheap Bitcoin. However the trustee does have a sizable amount of Bitcoins, he surely can wreak havoc on the market (at some extent). Here is a website that tracks what is supposed to be Mtgox addresses: https://www.cryptoground.com/mtgox-cold-wallet-monitor. You can also take a look at the trustee's report detailing his sales: https://www.mtgox.com/img/pdf/20180307_report.pdf. You can even try to find a correlation between what he sold and Bitcoin's price movement since its ATH. Anyway, I think it's important to be aware of these kinda things without necessarily leaving in fear, uncertainty and doubt.
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Speculatoross
Sr. Member
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Activity: 490
Merit: 353
this is not a bounty avatar
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
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4rt3m
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May 13, 2018, 12:02:08 PM Last edit: May 13, 2018, 02:04:06 PM by 4rt3m |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
Also bull on logo. And Lamborghini give most of their cars names of corrida's bulls: Diablo, Gallardo, Murcielago, Aventador, Huracan etc. Miura is famous Spanish bull breeder. Good analogy to bullish markets.
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BTCMILLIONAIRE
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May 13, 2018, 12:20:06 PM |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
Nice meme
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vapourminer
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Activity: 4312
Merit: 3506
what is this "brake pedal" you speak of?
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May 13, 2018, 12:31:05 PM Last edit: May 13, 2018, 12:45:37 PM by vapourminer |
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I began using computers when I bought my first ZX81 kit and built it. It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair. Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs. Still, fun days.
had a timex-sinclair 1000 (basically a zx-81 that was prebuilt for usa market) with the 16k ram pack and that sparky printer. still have it somewhere. the sparky printer was pretty cool. the ram pack connection was so wobbly (instant lockup if you even breathed on it) i wound up hot gluing the whole thing to a piece of wood. ts1000 -> vic20 -> c64 -> columbia 8088 with (eventually) a 30 megabyte rll drive woot! (1st ibm pc clone) -> ibm at -> self built from there (386sx and onward). also had a programmable hp calculator back around the late '70s but it didnt have the stripe reader, i had to code moon lander in by hand each time so i would never never turn it off rofl.
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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May 13, 2018, 12:35:12 PM |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
Nice meme I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner. Are you joking with Fiat as in fiat money? Explain I'm curious
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Speculatoross
Sr. Member
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Activity: 490
Merit: 353
this is not a bounty avatar
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May 13, 2018, 12:37:50 PM |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
Nice meme I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner. Are you joking with Fiat as in fiat money? Explain I'm curious Fiat as Fiat spa, company that own Ferrari:) Less funny when explained lol
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xhomerx10
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Activity: 3822
Merit: 7962
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May 13, 2018, 12:56:26 PM Merited by JayJuanGee (1) |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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May 13, 2018, 01:00:44 PM |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
Nice meme I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner. Are you joking with Fiat as in fiat money? Explain I'm curious Fiat as Fiat spa, company that own Ferrari:) Less funny when explained lol I see. You must be Italian then. Well yes, both are not Italian owned companies anymore: FCA (dutch-english based from crap US corporate shit) and VW (germany) own Ferrari and Lamborghini respectively. Now I think I get it: you italians hate Fiat. but you still buy them
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xhomerx10
Legendary
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Activity: 3822
Merit: 7962
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May 13, 2018, 01:10:26 PM |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
Nice meme I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner. Are you joking with Fiat as in fiat money? Explain I'm curious Fiat as Fiat spa, company that own Ferrari:) Less funny when explained lol I see. You must be Italian then. Well yes, both are not Italian owned companies anymore: FCA (dutch-english based from crap US corporate shit) and VW (germany) own Ferrari and Lamborghini respectively. Now I think I get it: you italians hate Fiat. but you still buy them
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Hyperjacked
Legendary
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Activity: 1610
Merit: 1119
It's all mathematics...!
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May 13, 2018, 01:51:48 PM |
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I began using computers when I bought my first ZX81 kit and built it. It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair. Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs. Still, fun days.
had a timex-sinclair 1000 (basically a zx-81 that was prebuilt for usa market) with the 16k ram pack and that sparky printer. still have it somewhere. the sparky printer was pretty cool. the ram pack connection was so wobbly (instant lockup if you even breathed on it) i wound up hot gluing the whole thing to a piece of wood. ts1000 -> vic20 -> c64 -> columbia 8088 with (eventually) a 30 megabyte rll drive woot! (1st ibm pc clone) -> ibm at -> self built from there (386sx and onward). also had a programmable hp calculator back around the late '70s but it didnt have the stripe reader, i had to code moon lander in by hand each time so i would never never turn it off rofl. Wow the timex-Sinclair ! My first computer I think we paid around 50$
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xhomerx10
Legendary
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Activity: 3822
Merit: 7962
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May 13, 2018, 02:28:07 PM |
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I began using computers when I bought my first ZX81 kit and built it. It had a whopping 1K of RAM and programs could be saved and loaded to audio cassette tapes which was a real hit and miss affair. Progression from there was the ZX spectrum, BBC micro, Commodore 64, Atari ST 400 (I think), Apple Macintosh....... modern day PCs. Still, fun days.
had a timex-sinclair 1000 (basically a zx-81 that was prebuilt for usa market) with the 16k ram pack and that sparky printer. still have it somewhere. the sparky printer was pretty cool. the ram pack connection was so wobbly (instant lockup if you even breathed on it) i wound up hot gluing the whole thing to a piece of wood. ts1000 -> vic20 -> c64 -> columbia 8088 with (eventually) a 30 megabyte rll drive woot! (1st ibm pc clone) -> ibm at -> self built from there (386sx and onward). also had a programmable hp calculator back around the late '70s but it didnt have the stripe reader, i had to code moon lander in by hand each time so i would never never turn it off rofl. Wow the timex-Sinclair ! My first computer I think we paid around 50$ Wow. Is anyone in this thread younger than the Big Mac?
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Torque
Legendary
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Activity: 3542
Merit: 5039
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May 13, 2018, 02:46:38 PM |
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Just realized why you all want a Lamborghini. Ferrari is owned by Fiat
Nice meme I didn't get it. What the heck is wrong with having a Ferrari and being a bitcoiner. Are you joking with Fiat as in fiat money? Explain I'm curious I'm sure the joke was Fiat as in 'fiat currency'. But even if it wasn't, heck I'd own a Fiat 500 Abarth in a hot minute. Sweet lil' cars.
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