81–90 of 94 posts
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and that's when, with regulation and control, decentralisation and anonimity vanishes
...in your country, maybe. Bitcoin runs on IP and FinCEN isn't everywhere.
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Most people who aren't risk-tolerant toward things like this are using services that instantly (or daily) convert to USD or EUR to minimize losses due to exchange rate flux. It's really only a big deal for speculators, or people who are trying to run a btc-in-from-customers, btc-out-to-vendors business. SR is probably pretty interesting today.
How do you instantly convert USD and BTC when the prices are this volatile? Bitpay quotes BTC prices good for 10 minutes.
I think a half of one percent is pretty good for something that finally solved the centralization problem for digital currency and has only been really useful for a couple of years. It will, of course, continue to get better with time as the size of the market increases.
This big flux could well have been caused by a single old-school miner/collector dumping $1-2mm of BTC in one batch, too. Remember, these markets aren't really that big yet.
We get it. Bitcoins have value and that value changes. Surely there's a better place to discuss this.
I just saw them mention it on CNBC its national news surely hackernews should be discussing the technical aspects of national news, especially when it involves a virtual internet currency.
Not that I'd wish monetary loss on anyone, but if the first Bitcoin crash is any indication, these things tend to have a positive side-benefit of driving out most of the speculators flooding in after all the news reports that fuel these cycles, and the people actually interested in the currency itself stay behind, with an influx of new folk. After all the noise dies down, new businesses and services get built backed…
What is this, "too small to fail"?!
Can someone tell me how to put a filter on my Hacker News account to remove the multiple-times-a-day articles about Bitcoin? Bitcoin is the opposite of a useful thing for my business, where I need actual revenue in dollars so I can turn around and pay my expenses in dollars.
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...in your country, maybe. Bitcoin runs on IP and FinCEN isn't everywhere.
Please, follow the conversation. We are talking about the SEC and users crying foul. Not the impact bitcoin will have today, or tomorrow.
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someone made some serious dough today
and just wait for the SEC to reverse their recent no action decision when the people on the losing end start crying foul.
Market is all over the place - I logged in with chrome, hit "Sell at current Bid Price" - (which was $135) - but the interface wouldn't accept a click on the "Sell Button" Thought it might be my browser, so I tried logging in with Firefox, hit "Sell at Bid Price" - Which, about 30 seconds after my first attempt with chrome was now $175. Something is going to crash spectacularly when you get a $40 swing on something l…
This looks so intentional. Deploy a JS that breaks right when there is panic.
Market is all over the place - I logged in with chrome, hit "Sell at current Bid Price" - (which was $135) - but the interface wouldn't accept a click on the "Sell Button" Thought it might be my browser, so I tried logging in with Firefox, hit "Sell at Bid Price" - Which, about 30 seconds after my first attempt with chrome was now $175. Something is going to crash spectacularly when you get a $40 swing on something l…
Same problem, can't sell... :( I also tried putting in a buy order, but it didn't go through either. Looks like a good opportunity for an alternative exchange...