http://www.latestcasinobonuses.com/article/winklevoss-twins-support-bitcoin-industry
https://bitcoinaverage.com/charts#USD-averages-1y
Good luck with that.
Quote: DrawingDeadAnd if Lady GaGa said the moon was made of green cheese...
https://bitcoinaverage.com/charts#USD-averages-1y
Good luck with that.
If the moon was made of spare ribs, would ya eat it?
If you were a hot dog, and you were starving, would you eat yourself?
...Oh, I thought we were posting SNL Harry Carry quotes =P. The problem with bitcoin is it more than likely won't stabilize anytime soon.
http://en.wikipedia.org/wiki/Tulip_mania (1619-22)
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds (Charles Mackay, 1841)
Quote: Zuga"If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap..." :
http://www.latestcasinobonuses.com/article/winklevoss-twins-support-bitcoin-industry
Oh the Winklevoss Twins said something? Does anyone care?
They own 1% of all bitcoins in existence so they might be a little biased.
They invested in a startup bitcoin payment processing company in 2013 (which was shut down for money laundering) so they might be a little biased.
They started their own bitcoin exchange company in 2013 as well, so they might be a little biased.
Last year they started a bitcoin financial index, so they might be a little biased.
They were born with a silver spoon in their mouths and have no concept of life or business in the real world.
ZCore13
who went all over selling the idea of his
Tucker car, saying it was the future of
automobiles. He put out 51 cars in 1948
and went out of business in 49. Talk is
just that, talk. The TwinkleVoss boys
are HOPING it goes their way, they really
have no idea of the outcome.

Quote: DrawingDeadAbout eighteen months to a year ago, watching them throwing really angry responses at skeptics, something bitcoin enthusiasts seemed most likely to miss was that the exponential RISE in the relative price of bitcoin at that time was every bit as much at the root of a problem for it as the subsequent fall is now. To succeed as a currency it must be relatively more dependable as both a friction-less medium of exchange and a long term store of value, and going up at rates that are many orders of magnitude faster than exchange rate moves of major sovereign currencies is as corrosive of that as is crashing. From the point of view of fans, the best thing that could happen to bitcoin is nothing; for the relative price of it to take a long boring nap. From the content of their vigorous attempts to promote it and vehement responses to critics I don't think many of them really get that, and one of the most serious problems for bitcoin is in the nature of bitcoin enthusiasts.
This is well written and concise. It's Econ 101 stuff. A currency requires stability and confidence of the public to be viable. Not to mention universal acceptance. Bitcoin has none of those things. It 10 years it probably won't exist.
Quote: DrawingDeadI've seen a few tulips, er, bitcoins come and go. Mostly go. There is always a "next big thing that's totally different than all those other things" and always will be another coming along shortly. Watching $1,100 quickly become $200 has been a real amusing spectator sport, when it is someone else's "next big thing - you just don't understand - and don't call it tulips or beanie babies" money.
http://en.wikipedia.org/wiki/Tulip_mania (1619-22)
http://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds (Charles Mackay, 1841)
Eh, I think a better comparison is gold or silver, due to the scarcity and mining aspect. Gold pretty much just keeps pace with inflation. I expect BitCoin to do the same once it settles. The big question is where is its settling point?
I would like to own some BTC just to support it as I like the idea. But I haven't gotten around to it.
Quote: DrawingDeadAnd if Lady GaGa said the moon was made of green cheese...
https://bitcoinaverage.com/charts#USD-averages-1y
Good luck with that.
lol yeah next to the Russian Ruble , bitcoin lost the most value in the last year or so.
Thinking, where easiest to buy BC, I looked at one BC exchange and noticed the price was $229
I went to another exchange to see if it was any easier or customer friendly and I noticed the price was $234. So I went back to the first exchange to see if it was now $234
NOPE it was still lower at $230. I refreshed the pages to make sure. I watched both, and as of now, one is about 230. and the other one is now 232.75.
Is there a legitimate feasible arbitrage opportunity with BC?
Quote: AxelWolfI was just looking at the bit coin exchanges because i'm still thinking of buying some, of course I have been thinking about it since the $430 range.
Thinking, where easiest to buy BC, I looked at one BC exchange and noticed the price was $229
I went to another exchange to see if it was any easier or customer friendly and I noticed the price was $234. So I went back to the first exchange to see if it was now $234
NOPE it was still lower at $230. I refreshed the pages to make sure. I watched both, and as of now, one is about 230. and the other one is now 232.75.
Is there a legitimate feasible arbitrage opportunity with BC?
That's an interesting question, but usually the exchanges take a cut on each transaction. So I doubt you would be able to beat the vig.
Vig is way less certainly less than the possible arbitrage (thats what makes BC attractive low fees), I though it was like 0.5 %Quote: AcesAndEightsThat's an interesting question, but usually the exchanges take a cut on each transaction. So I doubt you would be able to beat the vig.
The math is solid but assuming its less than 1% total fees ......
My question is are you locked on the buy instantly? Or is there a lag time? How long dose it take too sell it to the other exchange once you buy it or will the other exchange adjusted it before you can sell? how often can you make transaction like this? Is your money tied up for days after a sale?
Quote: AxelWolfVig is way less certainly less than the possible arbitrage (thats what makes BC attractive low fees), I though it was like 0.5 %
The math is solid but assuming its less than 1% total fees ......
My question is are you locked on the buy instantly? Or is there a lag time? How long dose it take too sell it to the other exchange once you buy it or will the other exchange adjusted it before you can sell? how often can you make transaction like this? Is your money tied up for days after a sale?
Those are all the important questions. Why don't you try it out and let us know?
I'm being facetious of course :). If you figure it out, you should keep all the info to yourself. But it shouldn't be that expensive to explore the options; just deposit a couple hundred bucks with 2 of the exchanges and figure out all of the variables.
Hurry and buy, you too can lose money.
ZCore13
the TwinkleToes brothers when it was at
$1200. They would show that trillionaire
crook Zuckerberg that they weren't dumb
after all. Oops...
It is loved by those on the Deep Web. It was the standard accepted form of payment on sites like the Silk Road.
http://en.m.wikipedia.org/wiki/Silk_Road_(marketplace)
If I tried every possible Idea I thought of, I wouldn't have time for anything else.Quote: AcesAndEightsThose are all the important questions. Why don't you try it out and let us know?
I'm being facetious of course :). If you figure it out, you should keep all the info to yourself. But it shouldn't be that expensive to explore the options; just deposit a couple hundred bucks with 2 of the exchanges and figure out all of the variables.
Oh and how I hate setting up accounts online(zero fun). fill out forms,bank info, impossible to remember password,verify this verify that, CAPTCHA errors. I'm annoyed just making a new Email. I'm annoyed just thinking of it.
I come up with the Idea, give you the money to test it, and you let me know.
If it's profitable we have someone sit and do it for us.
$$$
Quote: 98ClubsWasn't there a thread some time ago in which the IRS siezed a boat-load of BC's making them a 15-20% owner?
they seized 30,000 Bitcoins out of 13.8 million. So that is nowhere near 15-20%.
Quote: pacomartinthey seized 30,000 Bitcoins out of 13.8 million. So that is nowhere near 15-20%.
It was actually 174,000 in total. They sold off 30,000 in in 10% chunks and then auctioned about 144,000 to one person.
ZCore13
ZCore13
Quote: Zcore13Morgan Spurlock investigates and tries to live off Bitcoin for a couple days.
Have they checked his apt for his body?
Starvation..
Lol evenbob, eggs are cheap but you got free eggs on your face. Me too, just because I knew better than you and am quite disappointed I lost out. $10,000 would have been $50000 today. Man that is hard to swallow.