Bitcoin

[ntrader 10]

In this trread i would like to discuss the Bitcoin story

[SIUYA 11]

A game of musical chairs....but also an interesting experiment in decentralisation....or is it centralisation (I sometimes cant tell)

 

At best it might make people think more about ideas of exchange, the technology might be interesting to develop from this, and it might force competition on the banks transaction fees - otherwise it wil have the same issues many forms of exchange will have regards, theft, trust, manipulation, volatility, etc; etc.

 

.....a good history

http://www.wired.com/magazine/2011/11/mf_bitcoin/

Edited April 15, 2013 by SIUYA

[TheDude 10]

I've cot some bitcoins for sale if anyone wants them.

 

Wire $10,000 into my account and I'll give you $9,000 worth. They're amazing! So useful and convenient, you'll wonder how you ever managed to live without them.

 

Full access codes included.

[SunTrader 10]

Might centralized decentralization?

 

 

But the more things change, the more they stay the same.

 

Capable of bubbles forming and bursting, like all other kinds of "assets".

[TheDude 10]

Folks - Thanks for all the interest in my bitcoins, and for those who took me up on the fabulous offer. I only have $20,000 worth left.

 

I'll let them go for $21,000.

or $10,000 for $10,000

or $5000 for $5500

[Larry1234 10]

Can somebody post advantages and disadvantages of bitcoins ?

[SIUYA 11]

Can somebody post advantages and disadvantages of bitcoins ?

 

I have posted a ton of research on the net which is easy to find, has a lot of various opinions about the pros and cons of bitcoins from many many different people and sources but no real conclusion.

you can find the index at any one of the large number of internet search engines around.

For my research I am sorry i dont have an assistant to answer every question for those who cant be bothered, funds are tight in this era of austerity.

Please send a bitcoin to help fund my efforts.

[zdo 20]

(dark dirty) Trade recommendation:

Sell BTC (overbought ?)

Buy SNAP cards (at a discount. Fact. No question.)

[wallst.tra4der 10]

What is the current exchange rate of bitcoins? Are there any reliable 3rd party charts online that track this exchange rate?

[ntrader 10]

The price of bitcoin is 1 bitcoin = 107.69 USD. I can't suggest you any reliable 3rd party that provides charts online

[oldtrader 10]

It was nice pump&dump. I was looking to buy bitcoins few years ago when they were under radar. Shame I missed the opportunity.

[Larry1234 10]

How do we determine the exchange ratio between Bitcoins and Dollar ?

[SunTrader 10]

Flip a coin. Dollar since bit is digital.

 

Otherwise there are numerous sites. Google them

.

[SunTrader 10]

Just came across this site:

 

https://www.tradingview.com/e/?symbol=BTCUSD

[tradingwizzard 10]

just checked the chart from the link you posted.......funny enough it is coming down from 260 to below 100.....whatever the bitcoin is

[MaksymGra 10]

As I can see from the chart, we can safely short BTCUSD?

[tradingwizzard 10]

Is anything safe anymore?

[MaksymGra 10]

Is anything safe anymore?

 

Honestly, I'm starting to give up on anything after NSA scandal, Euro-crisis, James Gandolfini death..

[ntrader 10]

"A South Carolina man received a dubious honor in April when his Bitcoins became the first ever seized by the U.S. government.

 

The U.S. Drug Enforcement Administration seized the 31-year-old Eric Daniel Hughes’ Bitcoins, which are a type of online currency.

 

It’s believed that the seizure may have been related to shady online drug clearinghouse Silk Road, a site that only accepts Bitcoins as currency.

 

According to DEA documentation, agents seized 11.02 Bitcoins from Hughes, worth $814.

 

Though the forfeiture notice makes no mention of the online illicit drug seller, the Post and Courier reports that speculation regarding the involvement of Silk Road has quickly arisen simply because of the Bitcoin seizure."

 

by : dailymail.co.uk

[ntrader 10]

A cash machine that accepts the virtual currency bitcoin is set to be distributed around the globe this summer, according to its maker Lamassu, which expects pre-orders for the technology to be placed soon.

[MaksymGra 10]

"A South Carolina man received a dubious honor in April when his Bitcoins became the first ever seized by the U.S. government.

 

The U.S. Drug Enforcement Administration seized the 31-year-old Eric Daniel Hughes’ Bitcoins, which are a type of online currency.

 

It’s believed that the seizure may have been related to shady online drug clearinghouse Silk Road, a site that only accepts Bitcoins as currency.

 

According to DEA documentation, agents seized 11.02 Bitcoins from Hughes, worth $814.

 

Though the forfeiture notice makes no mention of the online illicit drug seller, the Post and Courier reports that speculation regarding the involvement of Silk Road has quickly arisen simply because of the Bitcoin seizure."

 

by : dailymail.co.uk

 

Apparently he had weak security of his wallet?

[SIUYA 11]

for those interested in bitcoin...

for those interested in the art market....

for those interested in markets....value and manipulation

for those interested in aspects of china - read the comments section.

(you might have to register and log in to read.)

 

Art as the sophisticated man?s Bitcoin | FT Alphaville

[ntrader 10]

BTCTurk launched earlier this month, becoming the first company to enable the exchange of Turkish lira for bitcoin and vice versa.