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Started By
Message
re: Oh No, Bitcoins Trading <$100...
Posted on 5/3/13 at 8:11 am to LSURussian
Posted on 5/3/13 at 8:11 am to LSURussian
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.
1
Posted on 5/3/13 at 8:16 am to txtiger21
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.
Posted on 5/3/13 at 8:29 am to LSURussian
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
Posted on 5/3/13 at 9:46 am to Broke
$96
Posted on 5/3/13 at 9:51 am to gizmoflak
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.
As a neutral observer, I love it. It makes these threads fun.
Posted on 5/3/13 at 9:52 am to Waffle House
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.
Posted on 5/3/13 at 10:03 am to gizmoflak
quote: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.'
$96
Posted on 5/3/13 at 10:11 am to LSURussian
Who's buying today?
Posted on 5/3/13 at 10:13 am to joshnorris14
quote:
Who's buying today?
broke probably bought a couple. Vols as well.
Posted on 5/3/13 at 10:18 am to WikiTiger
Russian is pissed because he loaded up at $130
Posted on 5/3/13 at 10:45 am to gizmoflak
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?
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.
Posted on 5/3/13 at 11:22 am to WikiTiger
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?
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?
Posted on 5/3/13 at 11:29 am to WikiTiger
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
Posted on 5/3/13 at 11:30 am to Poodlebrain
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.
Posted on 5/3/13 at 11:36 am to Poodlebrain
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.
Posted on 5/3/13 at 1:36 pm to joshnorris14
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?
Posted on 5/3/13 at 2:19 pm to Broke
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
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