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Showing 20 of 31 results by SilenceDogreat
Re: Which of these bitcoin units do you NOT want to use?
So the underlying question is "what unit should we switch to now", correct?
I'm a Bit hater for a few reasons...
1 - "Bits" would almost certainly be confused with "Bitcoins", because, why wouldn't they be?
2 - The name "Bit" + "Coin" was not chosen arbitrarily. Removing the "Coin" and terming them "Bits" seems to refer only to Binary Digits (and adds another layer of confusion... we should say 1 Bytecoin = .125 Bitcoins and really mess with 'em, huh?)
3 - At the current exchange rate, it seems an unnecessary leap to begin using the micro- metric (~ a fraction of a penny).
If we drop "Coin" for less syllables, "centibit" or "millibit" are much better candidates.
"I just bought 100 millibits for 40 bucks!" ... "I just bought 100,000 bits for 40 bucks!" is a little excessive.
Just my 2 centibits
I'm a Bit hater for a few reasons...
1 - "Bits" would almost certainly be confused with "Bitcoins", because, why wouldn't they be?
2 - The name "Bit" + "Coin" was not chosen arbitrarily. Removing the "Coin" and terming them "Bits" seems to refer only to Binary Digits (and adds another layer of confusion... we should say 1 Bytecoin = .125 Bitcoins and really mess with 'em, huh?)
3 - At the current exchange rate, it seems an unnecessary leap to begin using the micro- metric (~ a fraction of a penny).
If we drop "Coin" for less syllables, "centibit" or "millibit" are much better candidates.
"I just bought 100 millibits for 40 bucks!" ... "I just bought 100,000 bits for 40 bucks!" is a little excessive.
Just my 2 centibits
Re: Any other sites similar to Circle Bitcoin Exchange?
I have a US bank account and debit card, and I am trying to buy bitcoins instantly. So far I have found Circle as a great option however there verification process is taking forever.
Do you guys know any other sites where I can send in money and get my bitcoins within a day?
Do you guys know any other sites where I can send in money and get my bitcoins within a day?
I think Coinbase, Circle, and Kraken are all good options... trustworthy and reasonably secure thus far, with significant VC backing.
That said, if you're relatively new to Bitcoin and you like to keep your coins in those wallets, I recommend using all three -- plus Blockchain.
It sounds like you're investing, so it's ideal to diversify in order to reduce specific risk (i.e. your main wallet company Gox'ing).
How much are you selling it for? And where are you based in ?
Right, good details to include...
I am located in the Bay Area, California.
And will likely take the best offer - not less than $100 though.
Hoping to sell my black Beats Pill for some coin.
As the title says, it's like new. Still have the box and all the contents.
No damage or defects - I just like the Bose speaker I got a little better
If there's any interest I can post some pictures to verify the quality.
I'll likely end up selling it on Ebay but wanted to give this a shot first.
* STARTING BID: 0.25 BTC
As the title says, it's like new. Still have the box and all the contents.
No damage or defects - I just like the Bose speaker I got a little better
If there's any interest I can post some pictures to verify the quality.
I'll likely end up selling it on Ebay but wanted to give this a shot first.
* STARTING BID: 0.25 BTC
The five Nobel Prizes are awarded for outstanding contributions in the fields of ... work for peace.
Gandhi never received one either.
Henry Kissinger did though.
wish they'd distinguish themselves by using full domain name blockchain.info instead
"Coinbase" is also taken from the protocol, people just seem to be less aware of the original meaning.
Although Coinbase is actually a clever homonym - the meaning of "base" being the differentiator.
And in case you really hate seeing the signature ads, you can hide all of them.
Just go to Profile -> Look and Layout Preferences, and put a tick in your "Don't show users' signatures".
Just go to Profile -> Look and Layout Preferences, and put a tick in your "Don't show users' signatures".
THANK YOU
A lot of generalizations and inaccurate portrayals of universities tossed around here.
I can only speak from experience... but at my school the professors were intelligent, successful people.
And while the core curriculum didn't include cryptocurrencies (yet), we did have student-taught courses on Bitcoin available for credit.
Education on college campuses will spur the wave of mass adoption - in my mind, there is no doubt about that.
I can only speak from experience... but at my school the professors were intelligent, successful people.
And while the core curriculum didn't include cryptocurrencies (yet), we did have student-taught courses on Bitcoin available for credit.
Education on college campuses will spur the wave of mass adoption - in my mind, there is no doubt about that.
"What's in a name? that which we call a rose. By any other name would smell as sweet"
Why so much discussion about what bitcoin should be called? What matter is what it is
Why so much discussion about what bitcoin should be called? What matter is what it is
Imagine we called a rose an ass though - "awww, these asses smell great hon!"
I get your/Shakespeare's point, but if I'm describing it to someone for the first time:
"Cryptocurrency" for a) people familiar with math/tech/etc. that may have an idea of what cryptography is.
b) people I think may not understand right away but might be intrigued solely based on the sound of "crypto".
"Digital currency" for people who aren't a or b, or that I don't know well - at least to start with some frame of reference.
Ah, our friend @jonmatonis has already went into this pretty recently:
http://www.coindesk.com/inching-towards-bitcoin-derivatives/
Had not seen that article before I posted the thread - looks as though put/call options aren't available yet.
http://www.coindesk.com/inching-towards-bitcoin-derivatives/
Had not seen that article before I posted the thread - looks as though put/call options aren't available yet.
That is a new business that has yet to establish trust and reputation. Be aware of exchange platform risk and owner running away with your bitcoin.
Haha yup, my first thoughts were simultaneously "looks interesting" and "looks potentially dangerous, I should learn more about it first".
I've been around the block a few times, but nonetheless a good warning for others reading. Thanks.
I was interested in hearing about futures and margin trading as well, but more specifically: are there platforms for options (puts/calls)?
...and if you're wondering, yes, I'm that huge whale messing with the price
Are you looking for something like futures? If so then you might as well use margin trading (it really is the same thing as trading futures, with only technical differences), which is allowed at btc-e and bitfinex. If you are looking for options then you can try updown.bt which allows binary options on a number of markets.
Hadn't heard of updown.bt before... looks pretty interesting though.
Good recommendations, thank you.
Bitcoin Futures?
Here:
http://www.coindesk.com/okcoins-bitcoin-futures-trading-aims-combat-price-volatility-risk/
https://www.okcoin.com/
and
https://icbit.se/futures
Here:
http://www.coindesk.com/okcoins-bitcoin-futures-trading-aims-combat-price-volatility-risk/
https://www.okcoin.com/
and
https://icbit.se/futures
havlock
Right, these were a few I had seen as well. Have you had any experience with the ones mentioned?
Are there any platforms for trading bitcoin derivatives that members here have had a lot of experience with?
A short explanation of their fee structure would be greatly appreciated as well. Links to previous threads welcomed.
Thanks
A short explanation of their fee structure would be greatly appreciated as well. Links to previous threads welcomed.
Thanks
Re: Paid Signatures Increases Likelihood of Getting Banned
That's honestly better than I expected...
I can see how it's an attractive option, especially for members that post frequently anyway.
Agreed, no disrespect to management here. I still see a lot of good posts as well (my own was slightly exaggerated).
Just making the case for more of a focus on quality - otherwise the relationship is parasitic rather than mutualistic.
I can see how it's an attractive option, especially for members that post frequently anyway.
I wouldn't say the paid signatures increase the likelihood. It makes it so that you degrade the quality of your posts as to farm the signature campaign's money, as opposed to writing larger posts. A lot of people think it's quantity over quality, and most times they can get away with it.
I'm not trying to insult the mods; they do a good job with what they do.
I'm not trying to insult the mods; they do a good job with what they do.
Agreed, no disrespect to management here. I still see a lot of good posts as well (my own was slightly exaggerated).
Just making the case for more of a focus on quality - otherwise the relationship is parasitic rather than mutualistic.
Re: Paid Signatures Increases Likelihood of Getting Banned
I have to ask... How much are people making from signature ads?
1 BTC a month? per year? ever? Some honest ball-park estimate would be appreciated.
The idea itself is neat, and if you make what you consider a lot then good for you!
But frankly I wouldn't recommend this site - as it functions now - to someone new to Bitcoin.
"Thirsty" is the word that comes to mind when browsing a lot of other users posts here.
A thread is created... then maybe a few terribly basic, but innocent replies...
Then a storm of mindless responses rewording information to move post counts.
If there's any kernel of good insight or debate, it's usually lost and overlooked in that process.
Just my 2 cents.
...everyone jump in and try to grab it
1 BTC a month? per year? ever? Some honest ball-park estimate would be appreciated.
The idea itself is neat, and if you make what you consider a lot then good for you!
But frankly I wouldn't recommend this site - as it functions now - to someone new to Bitcoin.
"Thirsty" is the word that comes to mind when browsing a lot of other users posts here.
A thread is created... then maybe a few terribly basic, but innocent replies...
Then a storm of mindless responses rewording information to move post counts.
If there's any kernel of good insight or debate, it's usually lost and overlooked in that process.
Just my 2 cents.
...everyone jump in and try to grab it
Optimistic scenario:
https://bitcointalk.org/index.php?topic=467191.msg8068282#msg8068282
Under a pessimistic scenario, the odds of which is less than 50%, it could go to $400-450 where there is a strong support. If it goes that low, it will take longer to rise to the old ATH, probably by the end of 2015 only.
https://bitcointalk.org/index.php?topic=467191.msg8068282#msg8068282
Under a pessimistic scenario, the odds of which is less than 50%, it could go to $400-450 where there is a strong support. If it goes that low, it will take longer to rise to the old ATH, probably by the end of 2015 only.
Extrapolating beyond 2014 is inherently going to be pretty unreliable.
I think your projections for the next 2 months are accurate though.
a) miners;
b) long term hodlers who buy at Overstock and other stores (technically they don't sell, but the payment processor for Overstock sells bticoins for fiat which has the same result);
c) impatient investors;
d) speculators who sell in hopes to buy cheaper later.
e) those who urgently need fiat for some reason;
b) long term hodlers who buy at Overstock and other stores (technically they don't sell, but the payment processor for Overstock sells bticoins for fiat which has the same result);
c) impatient investors;
d) speculators who sell in hopes to buy cheaper later.
e) those who urgently need fiat for some reason;
Sure. But this could be said for any recent time period really.
I was thinking more along the lines of what m1rr0rm3 proposed, larger volume selling from ? ? ?
...although you could certainly be correct.
Does this link work for other people? https://blockchain.info/largest-recent-transactions - it doesn't for me.
I hope that "wikipedia article" nonsense wasn't directed at me?
Your last post confirms that you were talking about publicly traded stock, which is all I was suggesting to twiifm anyway.
What do you have to say to that though?
Your last post confirms that you were talking about publicly traded stock, which is all I was suggesting to twiifm anyway.
I can see some of the similarities that OP bases this conclusion on:
- You buy something that has a value based on what the market has agreed upon.
- Ownership is somewhat ambiguous since you don't gain anything tangible*, like gold (or other physical commodities).
- And you don't have much of a say in the "operations of Bitcoin", or in the operations of the company you buy and hold stock in.
- The price could go up or go down... to the moon or to zero.
One might suggest that you do gain something tangible* - the unique private key for some paired public key that you own.
But the main flaws of your argument are in your understanding of how stocks are valued...
Bitcoin is a speculative investment. People typically buy bitcoin because they expect it to be worth more at t, where t is some time in the future.
Or they invest because they believe that the value of bitcoin is less volatile (or has greater upside) than their traditional currency.
The way you portray the stock market, you assume those are all speculative investments. Perhaps you've heard the phrase "do your homework" in regards to stocks?
There are methods to estimate the intrinsic value of a stock - the discounted cash flow formula is standard.
You can also use Price to Earnings ratio, PEG, etc. etc. to compare company A to company B (typically within the same sector).
Amazon's price is ~800-900X earnings......so then you would say, "see, it's magic!". But no, it isn't.
P/E is just one way to understand the price relative to similar entities. Using the DCF formula, you would find Net Present Value...
for a firm with extremely high growth, and a dominant position (+ high barriers to entry) - like Amazon - the NPV calculation includes more years.
While there is certainly some guesswork involved, leading to differences in estimates and recommendations by analysts, this isn't just pure speculation.
So, intrinsic value calculations will change based on concrete numbers from the quarterly income statements/balance sheets of these companies.
Investors act accordingly and the price changes. There's also movements based on missing or exceeding consensus estimates, guidance from the firm, etc.
Then there are the obvious differences between bitcoin and stock that have already been mentioned.
You might have a better case comparing some characteristics of penny stocks to bitcoin...
but your fundamental understanding of stock valuation needs some work.
- You buy something that has a value based on what the market has agreed upon.
- Ownership is somewhat ambiguous since you don't gain anything tangible*, like gold (or other physical commodities).
- And you don't have much of a say in the "operations of Bitcoin", or in the operations of the company you buy and hold stock in.
- The price could go up or go down... to the moon or to zero.
One might suggest that you do gain something tangible* - the unique private key for some paired public key that you own.
But the main flaws of your argument are in your understanding of how stocks are valued...
Bitcoin is a speculative investment. People typically buy bitcoin because they expect it to be worth more at t, where t is some time in the future.
Or they invest because they believe that the value of bitcoin is less volatile (or has greater upside) than their traditional currency.
The way you portray the stock market, you assume those are all speculative investments. Perhaps you've heard the phrase "do your homework" in regards to stocks?
There are methods to estimate the intrinsic value of a stock - the discounted cash flow formula is standard.
You can also use Price to Earnings ratio, PEG, etc. etc. to compare company A to company B (typically within the same sector).
Amazon's price is ~800-900X earnings......so then you would say, "see, it's magic!". But no, it isn't.
P/E is just one way to understand the price relative to similar entities. Using the DCF formula, you would find Net Present Value...
for a firm with extremely high growth, and a dominant position (+ high barriers to entry) - like Amazon - the NPV calculation includes more years.
While there is certainly some guesswork involved, leading to differences in estimates and recommendations by analysts, this isn't just pure speculation.
So, intrinsic value calculations will change based on concrete numbers from the quarterly income statements/balance sheets of these companies.
Investors act accordingly and the price changes. There's also movements based on missing or exceeding consensus estimates, guidance from the firm, etc.
Then there are the obvious differences between bitcoin and stock that have already been mentioned.
You might have a better case comparing some characteristics of penny stocks to bitcoin...
but your fundamental understanding of stock valuation needs some work.
What do you have to say to that though?
A stock is just an ownership in a company. The company doesn't even need to be public. You can incorporate and issue yourself a million shares if you want. Then sell some shares to investors who want to speculate that your company will do well in the future.
OP lacks basic knowledge. Instead of taking my advice to look up the meaning of 'stock' he prefers to be ignorant. Its not even that complex
OP lacks basic knowledge. Instead of taking my advice to look up the meaning of 'stock' he prefers to be ignorant. Its not even that complex
We have to start with the assumption that he's comparing abstractions or there's really no debate.
...and I apologize if this seems like I'm splitting hairs. But "stock" generally refers to the equity shares a company offers to the public.
Investment in private companies is usually via VC firms, angel investors, and large institutions, or from friends & family I guess (depending on size).
Those investments wouldn't typically be called "stock" - and would actually be more like investing in bitcoin than owning stock in publicly traded companies is.