Oh No, Bitcoins Trading <$100... | Page 2 | TigerDroppings.com

Posted byMessage
txtiger21
LSU Fan
Dallas, TX
Member since Jul 2010
256 posts

re: Oh No, Bitcoins Trading <$100...


quote:

tonight see it down to $98


I wouldn't want to wake up to see my dollar worth 80 cents the next morning either. Way too volatile to have any real use.






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82900 posts
 Online 

re: Oh No, Bitcoins Trading <$100...


quote:

I wouldn't want to wake up to see my dollar worth 80 cents the next morning either. Way too volatile to have any real use.

Agreed. Btc is at $81 now after having dropped to $79 earlier this morning.






Back to top
Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56673 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Agreed. Btc is at $81 now after having dropped to $79 earlier this morning.


$78 more dollars and I'm sinking my teeth into a juicy ribeye






Back to top
gizmoflak
Georgetown Fan
Member since May 2007
9030 posts

re: Oh No, Bitcoins Trading <$100...


$96





Back to top
Waffle House
Virginia Fan
NYC
Member since Aug 2008
2281 posts

re: Oh No, Bitcoins Trading <$100...


Seems the price fluctuates so quickly that there is no time to crow too much one way or the other.

As a neutral observer, I love it. It makes these threads fun.






Back to top
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Seems the price fluctuates so quickly that there is no time to crow too much one way or the other.


pretty much

quote:

As a neutral observer, I love it. It makes these threads fun.




it sure does.









Back to top
  Replies (0)
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
82900 posts
 Online 

re: Oh No, Bitcoins Trading <$100...


quote:

$96
I don't think you realize that when you point out btc's volatility you are actually supporting the idea it is not a viable currency and you are also bitch slapping wiki for claiming btc is 'relatively stable.'






Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Oh No, Bitcoins Trading <$100...


Who's buying today?





Back to top
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Who's buying today?


broke probably bought a couple. Vols as well.






Back to top
gizmoflak
Georgetown Fan
Member since May 2007
9030 posts

re: Oh No, Bitcoins Trading <$100...


Russian is pissed because he loaded up at $130





Back to top
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Oh No, Bitcoins Trading <$100...




Back to top
ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
8811 posts

re: Oh No, Bitcoins Trading <$100...


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?






Back to top
pronto
Tampa
Member since Apr 2013
8 posts

re: Oh No, Bitcoins Trading <$100...


Bitcoin will get back. it's the right time to buy some for those who didn't buy it yet





Back to top
  Replies (0)
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Oh No, Bitcoins Trading <$100...


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.






Back to top
Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15462 posts

re: Oh No, Bitcoins Trading <$100...


Doesn't the need for a Bitcoin ATM indicate that Bitcoins have failed to achieve utility as a currency? The ATM is nothing more than a portable exchange for converting Bitcoins into the local currency.

Does using the ATM compromise any anonymity of the Bitcoin owner, and does it pose a security risk since the ATM will have interacted with the Bitcoin owner in a manner that allows the ATM to capture security information?






Back to top
ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
8811 posts

re: Oh No, Bitcoins Trading <$100...


quote:

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


Ah that's the catch.

Damn, I was just about to REALLY start liking bitcoins






Back to top
  Replies (0)
WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Doesn't the need for a Bitcoin ATM indicate that Bitcoins have failed to achieve utility as a currency?


I don't think so. We are bootstrapping a new currency. To make it viable, we need to make it easy for people to get into bitcoin in the first place.

quote:

Does using the ATM compromise any anonymity of the Bitcoin owner, and does it pose a security risk since the ATM will have interacted with the Bitcoin owner in a manner that allows the ATM to capture security information?


I could see anonymity being mitigated by the use of cameras either in the ATM machine itself (as most ATM's have them) as well as cameras in the location of the bitcoinATM, like a store, airport, train station, etc.

As far as anonymity in the blockchain goes, no, I don't see this having any effect. You could generate a bitcoin address at home, print it to a QR code, and then deposit cash in the machine and let it scan your printed QR code. No where in the system would your real name or info be used. But like I said earlier, there may be video evidence that you used the machine, which to a well equipped investigative agency, could potentially identify a person and where their bitcoins went.






Back to top
  Replies (0)
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Oh No, Bitcoins Trading <$100...


quote:

The ATM is nothing more than a portable exchange for converting Bitcoins into the local currency.


It's also an exchange for converting local currency for Bitcoin.






Back to top
Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56673 posts

re: Oh No, Bitcoins Trading <$100...


quote:

It's also an exchange for converting local currency for Bitcoin.


Isn't the entire point of an ATM to get quick currency that you can use right away?






Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Isn't the entire point of an ATM to get quick currency that you can use right away?


Traditionally. That doesn't mean that the use of ATM's can't evolve.

If I had a BitcoinATM in my city I'd use that instead of having to go through the hurdles of getting verified on Gox






Back to top


Back to top