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JorgeStolfi
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January 26, 2014, 12:21:06 AM |
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If people can withdraw USD from MtGOX, then what is maintaining the 20% spread between them and all other exchanges? Arbitrage traders should be hogging the place...
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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gentlemand
Legendary
 Offline
Activity: 2590
Merit: 3007
Welt Am Draht
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January 26, 2014, 12:23:10 AM |
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Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.
I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.
Nope, US. Although to be fair, there aren't any bitcoin ATMs at all around here. It's cool though, coinbase takes care of me when I can't find a local contact to trade with. They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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January 26, 2014, 12:26:57 AM |
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Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.
I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.
Nope, US. Although to be fair, there aren't any bitcoin ATMs at all around here. It's cool though, coinbase takes care of me when I can't find a local contact to trade with. They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places. They would need a money transmission license in each state they wished to service customers. Most states require a "surety bond" as a condition of licensure. For example, in my home state they would have to put down $300,000 in addition to any processing and legal fees. Some estimates put this cost at about $20 million to be able to service all 50 states. No wonder there is no competition in the banking sector.... |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3007
Welt Am Draht
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January 26, 2014, 12:30:02 AM |
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Yes, I can see why that would be a small obstacle.
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mellowyellow
Member
Offline
Activity: 112
Merit: 10
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January 26, 2014, 12:32:38 AM |
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Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.
I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.
Maybe because so under serviced at the moment? And you're right, nowhere in the UK is 5-6 hours away from a shop or bank, you could travel half the length of the country in that time. |
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MatTheCat
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January 26, 2014, 12:41:28 AM |
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Bots on stamp battering microstransactions at 803.34 in desperation.
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ChartBuddy
Legendary
Offline
Activity: 1946
Merit: 1642
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 26, 2014, 01:02:45 AM |
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Phinnaeus Gage
Legendary
Offline
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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January 26, 2014, 01:08:04 AM |
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Blast from the past, acting as a reminding to have on hand if the 1K milestone is hit later this evening.  |
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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January 26, 2014, 01:08:10 AM |
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It all seems a little chewy chewy mother fuckery to me.
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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January 26, 2014, 01:09:32 AM |
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1 thing is sure u dont wanna be a bear in feb-march  |
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josiahgarber
Member
Offline
Activity: 82
Merit: 10
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January 26, 2014, 01:15:11 AM |
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1 thing is sure u dont wanna be a bear in feb-march I am thinking march could be a particularly bad time to be a bear, but who knows. |
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josiahgarber
Member
Offline
Activity: 82
Merit: 10
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January 26, 2014, 01:17:06 AM |
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I think we're going to see some serious action after the 31st. Anyone else get that feeling?
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delphic
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January 26, 2014, 01:24:39 AM |
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Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.
I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.
Nope, US. Although to be fair, there aren't any bitcoin ATMs at all around here. It's cool though, coinbase takes care of me when I can't find a local contact to trade with. They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places. Don't forget the NY hearings coming up on 28/29 Jan. They should make things clearer and possibly set precedents. |
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Richy_T
Legendary
Offline
Activity: 2240
Merit: 1987
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 26, 2014, 01:39:20 AM |
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Btc=C2MF
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TERA
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January 26, 2014, 01:43:33 AM |
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Btc=C2MF
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ChartBuddy
Legendary
Offline
Activity: 1946
Merit: 1642
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 26, 2014, 02:02:32 AM |
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chessnut
Legendary
Offline
Activity: 924
Merit: 1001
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January 26, 2014, 02:08:56 AM |
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Whatever happens Jan.31, it's already priced in by the whales.  which would mean they sold, which would mean we most likely get buying pressure after the event. why would that mean they sold? it looks like they bought a lot at 500..... now its trending up, what more can I say? |
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Vigil
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January 26, 2014, 03:00:07 AM |
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Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones. |
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ChartBuddy
Legendary
Offline
Activity: 1946
Merit: 1642
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 26, 2014, 03:02:32 AM |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 26, 2014, 03:23:17 AM |
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Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones. maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins. |
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