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re: Oh No, Bitcoins Trading <$100...
Posted on 5/3/13 at 11:19 am to ZereauxSum
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.
1
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
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