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Author Topic: Current ATH: $500  (Read 1390 times)
Le Happy Merchant
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October 28, 2013, 07:08:05 AM
 #1

As of October the 27th, the new all time high is $500.



And nobody noticed.

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MAbtc
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October 28, 2013, 07:32:58 AM
 #2

Local bitcoins? Can we confirm that trades actually occurred at those levels? I'm not sure how that works, never used it.
steelboy
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October 28, 2013, 07:38:31 AM
 #3

Not massively reliable. Theoretically you could make a sell offer at $1000000 per bitcoin then open another account and buy 0.0000001BTC for $1.


somestranger
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October 29, 2013, 01:33:35 AM
 #4

This is a worthless figure.
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October 29, 2013, 08:18:37 AM
 #5

Look at the top bar - it's a trade on localBTC

Of course someone could've traded locally at $500, even if that's a pretty hefty premium.
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October 29, 2013, 05:33:44 PM
 #6

Its meaningless because localbtc is a bartering directory, not an exchange. There are no bids and asks that the price has to go through to reach a certain level. Anyone can trade with anyone else at any price at any time.


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theonewhowaskazu
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October 29, 2013, 05:40:29 PM
 #7

Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

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October 29, 2013, 05:41:36 PM
 #8

Also could just be people messing around. Nothing prevents me from creating 2 accounts and selling myself .001 BTC for $100 or whatever.

steelboy
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October 29, 2013, 05:51:28 PM
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Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

Can you explain this please? I didn't know you could break a paper wallet
silverbox
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October 29, 2013, 06:10:46 PM
 #10

Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

Can you explain this please? I didn't know you could break a paper wallet


Like breaking a 100 dollar bill..  To get into a paperwallet requires you to put the public address and private key into wallet software to make a transaction on the network.  Thus the paperwallets security has been comprimsed to use some of the BTC in it.
steelboy
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October 29, 2013, 06:12:16 PM
 #11

Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

Can you explain this please? I didn't know you could break a paper wallet


Like breaking a 100 dollar bill..  To get into a paperwallet requires you to put the public address and private key into wallet software to make a transaction on the network.  Thus the paperwallets security has been comprimsed to use some of the BTC in it.

Oh, I get you. I thought you meant actually break it. Smiley
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