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re: Oh No, Bitcoins Trading <$100...
Posted on 5/3/13 at 11:15 am to WikiTiger
Posted on 5/3/13 at 11:15 am to WikiTiger
Can't watch the whole thing but fast forwarded to the actual demo (around the 17 min mark).
I have to admit that was pretty slick.
Gotta question though, how long is it guaranteeing that quotes price before I complete the transaction? As volatile as the price is, couldn't I wait for a while, see what the price does and cancel or accept and make risk free money?
I have to admit that was pretty slick.
Gotta question though, how long is it guaranteeing that quotes price before I complete the transaction? As volatile as the price is, couldn't I wait for a while, see what the price does and cancel or accept and make risk free money?
2
Posted on 5/3/13 at 11:18 am to ZereauxSum
Bitcoin will get back. it's the right time to buy some for those who didn't buy it yet
Posted on 5/3/13 at 11:19 am to ZereauxSum
quote:
how long is it guaranteeing that quotes price before I complete the transaction?
I don't know. He did a Q&A session after the demo but I don't remember that coming up. I imagine that there will be a time limit though.
quote:
As volatile as the price is, couldn't I wait for a while, see what the price does and cancel or accept and make risk free money?
I don't know if that would be a viable strategy. The bitcoinATM company charges 3% for their exchange services and then the individul ATM owners and operators can add a fee on top of that, so it will be expensive to use these machines. If you wanted to do that kind of trading, you would just use a regular web based exchange site.
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