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The Bitcoin (BTC) thread
11-19-2013, 01:25 AM
Quote: (11-18-2013 03:19 PM)pants Wrote:
I've got a job for real sharks.
1) Buy bitcoin on bitstamp.com at 545USD/BTC
2) Send them to BTCchina.com
3)Sell them in china for 800USD/BTC
4) Send your chinese yuan to Hong Kong
5) Find a Lawyer working in the gray area to help you send them to USA
6) Profit!
Repeat!!
Or just save the money in BTC and make better profit. Don't think a bank transfer china - us goes over a day.
Quote: (11-18-2013 10:25 PM)babelfish669 Wrote:
How many hours do you think it would take to sell $25,000 of bitcoins on localbitcoin at the mtgrox ask rate?
I have no idea, depends on where you live. If your add is the cheapest and you are in a major city I guess it could go over a day or two. But I think the bitstamp rate is what the most people on localbitcoins follows. It's not that many Bitcoins.
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The Bitcoin (BTC) thread
11-19-2013, 09:46 AM
For anyone thinking that they have "missed the boat" on Bitcoin, the situation is almost exactly the same today as it was one year ago.
In ten years, one BC will either be worth seven figures, or it will be worth nothing.
Personally, I think there is a very high chance that the USG will destroy or criminalize bitcoin soon. Probably by linking it to human trafficking, messed up porn, or terrorism. But it's still well worth the risk.
Also, for any readers thinking about getting married, a portfolio of cryptocurrencies will be much harder to extract than fiat money.
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The Bitcoin (BTC) thread
11-19-2013, 09:53 AM
How liquid are they in reality? Say you have $1M of bit coins...how quickly can you get that in USD, if at all?
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The Bitcoin (BTC) thread
11-19-2013, 10:23 AM
BTCchina.com has been down for (at least) an hour already. Any idea what's going on there?
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The Bitcoin (BTC) thread
11-19-2013, 10:32 AM
^ Time to panic. Sell now!!!
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The Bitcoin (BTC) thread
11-19-2013, 10:41 AM
"BTCchina.com has been down for (at least) an hour already. Any idea what's going on there?"
Probably too much server demand. People have been buying BTC on American exchanges and selling on BTC China to try and exploit an arbitrage opportunity since the prices on BTC China are inflated.
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The Bitcoin (BTC) thread
11-19-2013, 10:42 AM
I was right. BTCchina.com is back up. Too much server demand.
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The Bitcoin (BTC) thread
11-19-2013, 12:27 PM
I ve already installed the standard bitcoin client.
a) Is it worth mining coins in the background with a personal computer?
b) The potential for profit with bitcoins is huge, because there is practically a declining inflation approaching almost 0 in a few years due mining.
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The Bitcoin (BTC) thread
11-19-2013, 12:55 PM
If you had bought BTC at the time this thread started when they were at $45 USD/BTC, you could have made like $70,000 as of today. Crazy. el mech is rich. Party at his place.
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The Bitcoin (BTC) thread
11-19-2013, 01:03 PM
I do whatever the forum tells me to do. ACV, yep Coconut oil, yep. Bitcoin yep.
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The Bitcoin (BTC) thread
11-19-2013, 01:32 PM
Quote: (11-19-2013 01:03 PM)el mechanico Wrote:
I do whatever the forum tells me to do. ACV, yep Coconut oil, yep. Bitcoin yep.
The forum is literally a gold mine. My investment funds are currently frozen. It feels like the first years of the internet now, so much oppurtunity but too dumb and/or young to exploit it.
Anybody knows something of new and upcoming other digital currencies to make a early investment? By the time I have cash, its a bigger risk to invest. Because the prices might be way too high then.
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The Bitcoin (BTC) thread
11-19-2013, 02:48 PM
Im meeting a guy in two hours to pick up 100 bucks worth. Just dipping the toe in the water, looking to hold long term.
Any advice from you guys on not getting scammed?
Im not in the states so cant purchase online with ease.
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The Bitcoin (BTC) thread
11-19-2013, 04:29 PM
Can you sell bitcoin short?
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The Bitcoin (BTC) thread
11-19-2013, 04:58 PM
You may be correct but short selling is neither options nor derivatives.
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The Bitcoin (BTC) thread
11-19-2013, 05:13 PM
Can you borrow/lend bitcoins?
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The Bitcoin (BTC) thread
11-19-2013, 05:14 PM
What if I get a bot? Anyone?
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The Bitcoin (BTC) thread
11-19-2013, 05:17 PM
Quote: (11-19-2013 01:53 PM)Acute Angle Wrote:
Quote: (11-19-2013 01:32 PM)void Wrote:
Anybody knows something of new and upcoming other digital currencies to make a early investment? By the time I have cash, its a bigger risk to invest. Because the prices might be way too high then.
Ripple.com
I looked it up, there is no possibility to mine that stuff. Just trading? The transaction fee gets brought back in the system and there are like 100 Billion of XRP for disposal at the moment? Idk, doesn't sound like instant profit. More like a long term investment.
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The Bitcoin (BTC) thread
11-19-2013, 06:01 PM
How fast are BTC-Transactions executed, seconds or milli-seconds range? Are there currency exchange fees from USD <> BTC?
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