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It is the Economist. Their print edition has an 'official' date from Saturday to Saturday, so even though it is on the online version, it is still dated in line with the print edition that the subscribers will receive in the post tomorrow morning.
Your balance was set to 0 on https://bitfloor.com/user/overview ?
Yep, there are no details on the transaction, it just shows my balance reduced to zero (well, less than 1 cent) on the 14th November.
I am an EU user still awaiting a refund, but I just had a check on bitfloor and my USD balance was set to zero a week ago. I have basically written off my funds there, so any change is a positive for me. Who knows, maybe there is an international wire heading my way. I won't be holding my breath though.
Any international users made any progress? It says to put in your swift code instead of a routing number, but when I do, it is saying 'not a valid routing number' and won't let me submit.
I guess I'll have to email support@bitfloor.com
I guess I'll have to email support@bitfloor.com
From the HMRC website;
I was happy when I saw that. In other words, a married couple can realise £21,800 (£10,900 each) in capital gains each year without having to even contact HMRC.
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If you don't normally complete a tax return
If you have worked out you have no Capital Gains Tax to pay, you don't need to give HMRC details of your gains or disposals.
If you have worked out you have no Capital Gains Tax to pay, you don't need to give HMRC details of your gains or disposals.
I was happy when I saw that. In other words, a married couple can realise £21,800 (£10,900 each) in capital gains each year without having to even contact HMRC.
A market maker with a lot of bitcoins can MAKE a lot of money by putting up walls to prevent the price from changing too fast. Consider what I'm doing with my meager stash of bitcoins, then imagine what would happen if someone with 1000 times as many bitcoins did similar.
The price around $145 as I write this. I currently have buy orders for 0.5 bitcoins at every $1 increment from $100 to $141. I have sell orders for 0.5 bitcoins at every $1 increment from $145 to $200. Whenever one of my buy orders executes, I immediately place a sell order $3 higher. Whenever a sell order executes, I immediately place a buy order $3 lower. As long as the trading range stays between $100 and $200, I make $1.50 (after commissions) on every buy/sell pair. If it goes outside of this range, I wait for it to return. History says it will return.
I haven't been trading this method for long, but it looks like I could average at least $5 per day, or $1825 per year, on an investment currently worth about $7200. That's 25% return on investment per year. Might turn out to be more.
Now imagine the effect someone with 10,000 times as many bitcoins, putting 100 BTC buy and sell walls at every $1 increment from $10 to $1000. They would probably not make nearly the same return, because their action would dramatically reduce the volatility. That would ruin things for us day traders, but would make Bitcoin a viable alternative for housewives in Argentina, which is awesome because it makes my "buy and hold" stash MUCH more valuable!
You could benefit by having a more sophisticated strategy which allows you to make more money and also will not run out of BTC or fiat whatever the price does. If the anti-volatility group wants to be more effective, you could develop your own version of the aricie trading bot which was set up and made open source for the explicit purpose of reducing volatility. I don't know whether it is working at the moment, but the source code is available so it gives you a good starting point and an insight into more effective market making strategy.
The main pointer for your approach is to have smaller orders near the current market price and bigger orders further out. Actually, thinking about it, the aricie bot might be hamstrung by the new restriction of 6 orders per minute at gox. It is still worth looking at, though, to see an implementation of a market making alogrithm.
I love Bitcoin, which is why I can't stand the hype that makes it volatile and completely useless as a currency.
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If you are truly a Bitcoin aficionado, you should not want it shoot up to $1000 anytime soon.
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If you are truly a Bitcoin aficionado, you should not want it shoot up to $1000 anytime soon.
If you were truly a Bitcoin aficionado, you would not be trying to decide what people should and shouldn't be doing with it. If Bitcoin can't survive people using it absolutely however they want to, then it never stood a chance in the first place.
I think it depends on which bank you are with. HSBC shut my account when I was selling BTC and only reopened it on the understanding that I would not do any more BTC trades on the account. I think the red flags were receiving lots of bank transfers from individuals and receiving a transfer from someone on a watch list of suspicious accounts or something.
I believe that when people really understand what btc is and all the things it promises that they may be persuaded to make sure to protect their own interests, of which we would have that directly in mind, because of course it would be our own interests also.
Everyone believes that 'if everyone knew what I know, they would agree with me'. It is a well known psychological bias. You need to recognise that it is false. Even with the most persuasive, well presented arguments, very very few people are going to deviate from their entrenched world views.
I agree with nwbitcoin; an undemocratic lobby group will have much more impact.
oh i love the flock of bulls charging
That's right, everyone is disagreeing with you because you are right...
What are you actually hoping to achieve with this political party? Given how many people consider even the tories too far right to ever vote for, I seriously doubt you will get many votes.
How many MPs do the BNP, or UKIP or the Green party have? Why do you think your party will do better than that?
How many MPs do the BNP, or UKIP or the Green party have? Why do you think your party will do better than that?
I have always used currencyfair for my currency exchanges. They have no fee for exchanging currency, you can place an order to set your own exchange rate, but you pay about £3 per transfer. In reality, though, the spread between bids and asks is often about 0.5% off spot rate anyway. If you have had issues with transferwise, though, they are worth a look.
The cheapest way to get GBP to BTC depends on the amount you are dealing with. For larger amounts it is sometimes worth paying the international wire fee. You have to work out if the 0.5% exchange fee plus 0.3% Bitstamp exchange fee comes out to more than the international wire fee.
Since Mtgox EUR and bitcoin central trade in euros, you don't have to worry about the 0.3% fee for converting from EUR to USD, but it is also worth considering whether the site you are sending your euros to tends to have a higher or lower average price than other exchanges. It is no use saving 0.3% on currency conversion only to find out that prices at your destination site are 1% higher.
The cheapest way to get GBP to BTC depends on the amount you are dealing with. For larger amounts it is sometimes worth paying the international wire fee. You have to work out if the 0.5% exchange fee plus 0.3% Bitstamp exchange fee comes out to more than the international wire fee.
Since Mtgox EUR and bitcoin central trade in euros, you don't have to worry about the 0.3% fee for converting from EUR to USD, but it is also worth considering whether the site you are sending your euros to tends to have a higher or lower average price than other exchanges. It is no use saving 0.3% on currency conversion only to find out that prices at your destination site are 1% higher.
I requested my withdrawal on April 10th and it didn't yet arrive either.
I asked support why it didn't and all they could provide was
Do they really run MtGox on a private account instead of a business account?
I asked support why it didn't and all they could provide was
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It is still waiting to be processed due to our Polish bank`s withdrawal limits.
Do they really run MtGox on a private account instead of a business account?
It doesn't look like a personal bank account to me...
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Account Name: MT. GOX POLAND INC. SP. Z O.O.
Bank Name: BANK ZACHODNI WBK S.A.
BIC: WBKPPLPP
IBAN: PL59 1090 2398 0000 0001 1759 5694
Adress: PLAC POWSTAŃCÓW WARSZAWY 2, 00-030 WARSZAWA, POLAND
Bank Name: BANK ZACHODNI WBK S.A.
BIC: WBKPPLPP
IBAN: PL59 1090 2398 0000 0001 1759 5694
Adress: PLAC POWSTAŃCÓW WARSZAWY 2, 00-030 WARSZAWA, POLAND
MtGox should perhaps consider limiting bid/ask orders that a user can place per hour or day. So bots would be allowed provided they didnt spam.
There is now a limit of 6 orders per minute that is in force at mtgox. Any bots operating on gox are within that limit.
I was wondering if it was related to how easy it is to get money in and out. Bitstamp was usually lower because it was easier to get money out than gox so sellers would accept a slightly lower price in return for better withdrawal service. Then in the boom, buyers moved to bitstamp to get away from gox and pushed the price up. Then in the bust, everyone wanted their money out again, so they sold on bitstamp and pushed the price down compared to gox.
I'm just guessing, though.
I'm just guessing, though.
I have a trading bot written in C# doing arbitrage between bitfloor, bitstamp and gox. I am from an economics background rather than a programming background, so I doubt my code would win any awards, but it is making money which is a good start.
I've been learning a whole lot about how to make it more robust these past few weeks...
I've been learning a whole lot about how to make it more robust these past few weeks...
Can anyone confirm if the gox database update yesterday was the unfunded orders one originally planned for next week or something different?
Basically, is the lag likely to improve further in the next couple of weeks or is this as good as it gets for a while?
Basically, is the lag likely to improve further in the next couple of weeks or is this as good as it gets for a while?
The past couple of days have shown that when gox is down, the other exchanges can't cope with the overflow and they go down too. I accidentally put my user ID in wrong on Bitstamp and it turns out there are only 5 spaces there, so they hadn't even imagined getting over 100,000 accounts. Bitfloor have been down a good part of the last 18 hrs and have some mysterious holds on my funds (which have all been deposited since the return from the hack).
I seriously doubt that any of the other exchanges has the capacity or the resources to scale bigger than gox. Compared to what they could and should be doing, they are rubbish, but compared to where the other exchanges are, gox are still miles ahead.
I seriously doubt that any of the other exchanges has the capacity or the resources to scale bigger than gox. Compared to what they could and should be doing, they are rubbish, but compared to where the other exchanges are, gox are still miles ahead.