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Showing 3 of 3 results by richieB
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Topic
Board Economics
Re: I will increase my %-possesion of the bitcoin ledger every day
by
richieB
on 07/09/2014, 22:39:53 UTC
I will invest 10$ per day to buy more bitcoins. Thus in the long term i increase my percentage of the network.

With 25 btc per block the network has a daily 0.0272% inflation.

If you invest more than 14 cent per day at the current price for every bitcoin you own, you increase your percentage compared to the whole network.

Soon i will become a whale.  Cool

(Just had some fun playing with numbers)

that's some smart thinking there. also a fun one:D good luck mr whale
Post
Topic
Board Service Discussion
Re: Arbitrage between Coinbase and Circle?
by
richieB
on 07/09/2014, 22:20:40 UTC
Hey all, how many of you are using both Coinbase and Circle?   I am wondering your thoughts on if you think some thin arbitrage opportunities may arise between the two.   As of this post:

1BTC on Coinbase: $482.94
1BTC on Circle: $486.23

Obviously there are fees for both on withdrawing, and I have not yet withdrawn any funds from Circle to bank or Credit Card.   I would say that both sites are equally easy to use.   The main difference being the ability to use a credit card on Circle.com.   

Circle also has the ability to withdraw funds to a credit card (which is an option I haven't seen available) besides on BTC-E.


How many of you have switched over to Circle from Coinbase?  Does anyone know which exchange Circle is pegged to?

Better arbitrage can be done between USD based exchange and EUR based exchange.
Post
Topic
Board Service Discussion
Re: cryptosea.com how the code is working?
by
richieB
on 07/09/2014, 22:13:20 UTC
I want to exchange some amount on this website: https://cryptosea.com/
I also found on net code that make the price better using this link: https://www.cryptosea.com/index.php?code=CrypZWT

This code was given to the subscribers so i am wondering if this code will work for me coz i am not a subscriber?



EDIT- it worked.
it seems the code was not only for subscribers.


Cool, I have been looking for an exchange to trade my skrill against bitcoin. How long did you get your traded money there ? do they need some id documents to use their service ?

It took 1 hour to get the money, also no documents required or any verification.


can you tell me which method you choose which took 1 hour? was it srkill or paypal?