Ultimate Bitcoin Thread - Bitcoin rallying | Page 5 | TigerDroppings.com

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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


Almost $50 today





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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


got up to a high of $49.09 earlier, but is back down to around $46.11 right now


crazy times right now for bitcoin.

i keep expecting a correction that never comes.






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


$50





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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

$50


yup. new high today....got up to $52.87

the EU did bitcoin a favor this weekend when it decided to assrape Cypriot bank depositors






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

the EU did bitcoin a favor this weekend when it decided to assrape Cypriot bank depositors


$50 is pretty crazy






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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4887 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


I love the idea of it but what retailer is going to accept payment in something so volatile, and if they are exchanging it at the point of sale then there is added transaction costs associated with that.





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aaronb023
LSU Fan
Boxtard Baseball Club
Member since Feb 2005
10637 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


any way for my retirement to be denominated in bitcoins?





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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

and if they are exchanging it at the point of sale then there is added transaction costs associated with that.


Transaction costs are lower with bitcoin purchases.







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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

I love the idea of it but what retailer is going to accept payment in something so volatile, and if they are exchanging it at the point of sale then there is added transaction costs associated with that.


The infrastructure is being built up to make this easier and more affordable.

For instance, BitPay is a company that processes bitcoin transactions for websites, locks in the exchange rate at the time of purchase, and remits USD (or whatever fiat of choice) to the merchant, all for a fee of about 2.5%. That's lower than standard credit card or PayPal transaction fees, and with bitcoin there is ZERO threat of a chargeback.




This post was edited on 3/18 at 8:05 pm


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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

any way for my retirement to be denominated in bitcoins?


You could buy them.






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BlackHelicopterPilot
LSU Fan
Top secret lab
Member since Feb 2004
33042 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


Okay.

Important question.


How in the hell do I bust into your crib and steal your bitcoins?






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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4887 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

For instance, BitPay is a company that processes bitcoin transactions for websites, locks in the exchange rate at the time of purchase, and remits USD (or whatever fiat of choice) to the merchant, all for a fee of about 2.5%. That's lower than standard credit card or PayPal transaction fees, and with bitcoin there is ZERO threat of a chargeback.


Gotcha, thanks.






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aaronb023
LSU Fan
Boxtard Baseball Club
Member since Feb 2005
10637 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

You could buy them.


is there a roth ira brokerage that will let me do that?






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21815 posts
 Online 

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

ZERO threat of a chargeback


I don't get why you keep posting this as a positive. It only protects sellers over buyers.






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21294 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

I don't get why you keep posting this as a positive. It only protects sellers over buyers.


"What kind of businesses will accept bitoin".

Do you really not get why he keeps posting that?






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21815 posts
 Online 

re: Ultimate Bitcoin Thread - Bitcoin rallying


Haha ok nevermind





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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4887 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


Would a vendor like BitPay be able to process a return/refund situation? I assume it would have to be in fiat currency at the rate locked in at point of sale or the CURRENT equivalent rate of Bitcoins?





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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

How in the hell do I bust into your crib and steal your bitcoins?


Unless you have a few billion years or so to crack the encryption, I'm not worried.






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:

I don't get why you keep posting this as a positive. It only protects sellers over buyers.


Because it is a positive. Chargeback fraud is a big expense for merchants, especially online ones.







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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Ultimate Bitcoin Thread - Bitcoin rallying


quote:


is there a roth ira brokerage that will let me do that?


Not that I'm aware of right now. There probably will be something like that in the future if its desired.






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