Quote from: LiteCoinGuy on January 25, 2015, 10:15:35 AM

Quote from: mmsmears on January 25, 2015, 08:56:48 AM

Quote from: LiteCoinGuy on January 25, 2015, 08:43:24 AM

Quote from: outahere on January 25, 2015, 08:32:04 AM

Quote from: LiteCoinGuy on January 25, 2015, 08:10:44 AM

damn, i sold all BTC at 180 USD Cry

- now iam panic buying!

I sold a bunch at lows like that twice. I finally learned my lesson and became a permabull.

well, actually that was a joke and i bought alot Grin

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@mmsmears

btc will not be stable for a loooong time. but that is not a problem. there is already a service called "LOCKS" which basically locks the btc value. other services will add similar things and make btc stable.

Are you talking about the "Locks" service provided by Panama-based bitcoin wallet provider Coinapult?

If so my BS meter is flashing RED. They would have to have significant assets to cover the extreme recent BTC price fluctuations.

There's a reason companies setup in Panama, the Fed's can't easily haul them in for fraud.

that is what iam talking about. best solution so far. you can also use some financial products (hedge) for this kind of stuff.

do you have a better solution for that problem Wink

?

Do you really call "Coinapult" a solution? Do you seriously think that they really could survive holding a 79% loss on the books for over 6 months & still be able to pay commitments?
To (hedge) a 79% loss you need an alternative income source to support it. Located in Panama, I imagine they have so many other alternate income streams, really?
I wouldn't count on them fulfilling their commitments when the BTC price fluctuates wildly.

Coinapult: TOS
Locking your Bitcoins
You may choose to lock a certain amount of bitcoins in accordance with these Terms (the Fixed Bitcoins). When you lock your bitcoins, you are converting your Fixed Bitcoins into the right to receive a future amount of bitcoins based upon a future offered rate. We do not offer exchange services, and you are only entitled to receive bitcoins from us as set forth in these Terms.

Locking Quote
Before locking your Fixed Bitcoins, you will obtain a quote of the locking value of the Fixed Bitcoins corresponding to the value assigned by our system to an underlying asset or currency. Coinapult will communicate a time window to accept the quote for locking your Fixed Bitcoins into Variable Bitcoins.

Actual Locking
After having received a locking value for a certain amount of Fixed Bitcoins, you may accept the quote. After your acceptance of the quote described above, subject to these Terms, your Fixed Bitcoins will be converted into the right to receive a future amount of variable bitcoins corresponding to the quoted underlying asset or currency value (the Variable Bitcoins). By accepting the quote, you are further authorizing Coinapult to display a Variable Bitcoin balance in your wallet corresponding to the underlying asset value of your Fixed Bitcoins at the time of the lock.