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re: At $9600 per, Bitcoin is expected to hit the $10,000 mark today.
Posted on 12/7/17 at 9:46 am to WG_Dawg
Posted on 12/7/17 at 9:46 am to WG_Dawg
It’s like you’re digging up gold in your back yard.
Neighbor looks over the fence and says, “Hey man. What’s going on?”
You say, “We’re digging up gold, get a shovel and come on!”
Neighbor says, “Whoa buddy. Have you seen the price of shovels? Forget it!”
Neighbor looks over the fence and says, “Hey man. What’s going on?”
You say, “We’re digging up gold, get a shovel and come on!”
Neighbor says, “Whoa buddy. Have you seen the price of shovels? Forget it!”
This post was edited on 12/7/17 at 9:48 am
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Posted on 12/7/17 at 9:47 am to rocket31
Why is there usually a big price difference between coinbase and gemini?
Posted on 12/7/17 at 9:49 am to PearlJam
If you manage to lose your bitcoin there is no recourse. It is gone.
Posted on 12/7/17 at 9:49 am to anewguy
Coinbase is way higher today. My guess: So much buying pressure from new accounts is bidding up the price there.
Posted on 12/7/17 at 9:50 am to shel311
Actually with the ledger the important thing is the keywords that you wrote on a card they give you. You can restore your wallet on a new one if you lose it.
Posted on 12/7/17 at 9:50 am to DVinBR
quote:
it's textbook greater fools theory, people already invested in bitcoin trying to convince other people to invest in it at a higher price through massive speculation
Meh. The poopooers to me seem to constantly talk abotu the negatives of bitcoin as if people buying in are stupid somehow, while ignoring that these stupid people are making actual, real money off of it.
You can think it's dumb, you can't think it has no real use or value, but that doesn't change the fact it's making a lot of people money.
Posted on 12/7/17 at 9:50 am to Eric Nies Grind Time
So nicehash or its users are just out 70 million with no recourse? Yikes.
This post was edited on 12/7/17 at 9:53 am
Posted on 12/7/17 at 9:52 am to Bullfrog
Do you think there is an arbitrage opportunity? That gemini will follow coinbase prices and vice versa?
Posted on 12/7/17 at 9:52 am to PearlJam
quote:
So nicehash is just it 70 million with no recourse? Yikes.
what's scary is that no one seems to care about a hack causing such a large sum being stolen
Posted on 12/7/17 at 9:52 am to PearlJam
Plenty of scammers out there for sure.
Posted on 12/7/17 at 9:55 am to anewguy
Maybe. Depends on how fast you can buy on one and sell on the other and the bid-ask spread.
I don’t know how well it would work but i suspect bots are all over it and the price will equalize soon.
Right now:
Coinbase $16930
Bitstamp. $15580
I don’t know how well it would work but i suspect bots are all over it and the price will equalize soon.
Right now:
Coinbase $16930
Bitstamp. $15580
This post was edited on 12/7/17 at 9:58 am
Posted on 12/7/17 at 9:58 am to Eric Nies Grind Time
quote:Appears to be a hack, not a scan. Also, reports of North Korea stepping up it's hacking of Bitcoin.
Plenty of scammers out there for sure
Posted on 12/7/17 at 9:59 am to anewguy
quote:
Why is there usually a big price difference between coinbase and gemini?
this likely reflects the disproportionate number of new investors on coinbase and the relative ease of getting fiat onto it to buy BTC or ETH or LTC
imagine each exchange as a different market. then imagine different markets as different groups of people on two separate sides of a room that are trading coins.
so in theory, arbitrage opportunities exist where you can sell high on one exchange and then buy back lower on another but its potentially risky with fees and market delays.
Posted on 12/7/17 at 10:03 am to rocket31
Yeah i supposed it would work but I am not 100% sure on how to buy on one, take the coins to a wallet, then sell on another.
Posted on 12/7/17 at 10:06 am to anewguy
ive never attempted to arbitrage but i know people do; when its volatile like today it can def be done.
itd be as simple as having one account on each exchange and hoping your coins transferred in time
itd be as simple as having one account on each exchange and hoping your coins transferred in time
Posted on 12/7/17 at 10:09 am to rocket31
This stuff will be at $36K in no time at all. Then $54K by spring.
This post was edited on 12/7/17 at 10:10 am
Posted on 12/7/17 at 10:13 am to anewguy
Try doing it with $50 of BTC and see if you can.
Posted on 12/7/17 at 10:15 am to Bullfrog
ya, i wish i had that type of confidence but i dont
its at $17,425 on coinbase now, thats just retarded
eta: confidence in the future price, i have confidence in the tech, im just not sure the future value of that
its at $17,425 on coinbase now, thats just retarded
eta: confidence in the future price, i have confidence in the tech, im just not sure the future value of that
This post was edited on 12/7/17 at 10:21 am
Posted on 12/7/17 at 10:15 am to rocket31
quote:
so in theory, arbitrage opportunities exist where you can sell high on one exchange and then buy back lower on another but its potentially risky with fees and market delays.
Not in theory. I know people who have viable businesses doing just this.
Posted on 12/7/17 at 10:20 am to rocket31
The biggest problem is it’s sucking capital from the Alts. Though LTC is holding up pretty good.
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