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Author Topic: Bitcoin most traded commodity on plus500  (Read 2955 times)
Bitsinmyhead (OP)
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November 21, 2013, 12:26:46 PM
 #1

Plus500 is a large UK-based online trading company which is listed on the London Stock Exchange where you can trade CFDs on a range of financial markets. See my signature for more info.

I just received their newsletter which states that the most traded commodity the last 3 days has been Bitcoin. (Beating out both Gold and Oil.) Screenshot of the newsletter: http://imgur.com/UC9qTUP

Think this shows just how large the Bitcoin interest is right now. At Plus500 you can make instant deposits with credit cards so there is no waiting on money to hit the exchange. This is probably a good indicator that there is a huge amount of money on the way to the real exchanges as well.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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oldtimegin
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November 23, 2013, 03:24:57 PM
 #2

Look like your observation was exactly correct. Is there any way to sign up for this newsletter so I know when this happen again?

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Bitsinmyhead (OP)
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November 23, 2013, 06:22:33 PM
 #3

Don't think you can just sign up for the newsletter, but you get it if you sign up for an account which is free. See my signature and you even get some free money to trade with  Wink Good luck!

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Sindelar1938
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November 24, 2013, 03:26:07 AM
 #4

Not surprised but that's good info

Thanks

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November 24, 2013, 12:51:36 PM
 #5

Can we exchange bitcoin for gold, petrol and other metals there? I think this would be better than the usual crypto exchanges then,
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November 26, 2013, 08:47:43 PM
 #6

any updates? Bitcoin still top dog?
btcforall777
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November 27, 2013, 09:46:18 PM
 #7

does not accept us accounts Sad
Bitsinmyhead (OP)
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December 09, 2013, 12:52:57 PM
 #8

Just got another newsletter which says they have now opened for Litecoin trading. Guess the Bitcoin market has been a huge success for them Cheesy

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  Semux uses 100% original codebase
  Superfast with 30 seconds instant finality
  Tested 5000 tx per block on open network
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LiteCoinGuy
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December 09, 2013, 01:21:20 PM
 #9

thanks for that info. can you share this Litecoin info (pic) with us?

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December 09, 2013, 01:30:05 PM
 #10

That is great news!!!! Grin
Bitsinmyhead (OP)
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December 09, 2013, 04:19:16 PM
 #11

Here is screenshot of the mail: http://imgur.com/WoiCXiN

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HairyMaclairy
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December 10, 2013, 11:36:21 AM
 #12

I would rather hold real BTC in my encrypted wallet than some fractional banking instrument on the ledger of a second tier brokerage house. 
DeboraMeeks
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December 10, 2013, 07:07:11 PM
 #13

Nice achievement  Grin though BTC already reached other interesting landmarks like beating WU in amount transferred daily (according to a statistics site).
Plus500 themselves are quite picky,They are refusing my country and about 20-30 other countries.
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December 10, 2013, 09:47:57 PM
 #14

Hey

That is interesting,  Bitcoin's phenomenal progression never ceases to amaze me.

It seems more and more of the traditional 'city trader' types are taking notice, I wonder what effect this will have on the market.

Great news. Thanks


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December 12, 2013, 11:25:56 PM
 #15

ARGH! Why wont they allow US accounts? This would be such a sweet way to buy BTC with my credit card or Paypal!
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December 14, 2013, 01:11:07 AM
 #16

Yes this is exciting news.  I can't wait till this is the normal kind of news and nobody even bats an eye about it.  Then we will be seeing some serious adoptions across the board I have no doubt.

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December 14, 2013, 02:17:45 AM
 #17

ARGH! Why wont they allow US accounts? This would be such a sweet way to buy BTC with my credit card or Paypal!

I don't think they let you buy , just trade.

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December 14, 2013, 11:10:07 AM
 #18

It's leverage trading with them. I am not sure how they store and buy bitcoin. I don't think you can buy bitcoin. Trade and ultimately withdrawl in Fiat.
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December 14, 2013, 11:12:13 AM
 #19

I would rather hold real BTC in my encrypted wallet than some fractional banking instrument on the ledger of a second tier brokerage house. 

That's true.
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December 14, 2013, 11:13:21 AM
 #20

Can we exchange bitcoin for gold, petrol and other metals there? I think this would be better than the usual crypto exchanges then,

Yes but I think it's all paper gold, and metals.
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