Is anyone day trading bitcoin? i.e., buying and selling multiple times a day based on small-ish fluctuations of the market?
Yep. Some of my co-workers do algorithmic trading as a hobby.
Poll: How many Bitcoin do you own?
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Re: Poll: How many Bitcoin do you own?
#620. I had one at some point a few years aback but I deleted the miner and the wallet along with it.
If you didn't shred the hard drive and haven't defragged it or anything, there's a good chance that the private keys are able to be recovered. There are scripts that will scan a drive for fragments that look like bitcoin-qt wallet files and dump the keys.
Re: Poll: How many Bitcoin do you own?
#63Just started mining this week. It took 6 months for the dedicated machine to arrive.
Oh man. Bitcoin mining just broke 4 Petahashes/sec, 9 days after 3 Ph/s, 10 days after 2 Ph/s. Check out the 6 month difficulty increase: http://mining.thegenesisblock.com/
Sorry to hear that.
Re: Poll: How many Bitcoin do you own?
#6413 people with 100+ bitcoin? Unfortunately I think this is another example of HN polls becoming completely unreliable.
That is not that much if you are dedicated to the idea of Bitcoin and make a point of investing a lot into them. I would not be surprised if a lot of Bitcoin die hards are also into StartUp culture and programming/building stuff.
I am actually surprised there are so few people who posted on the poll with 100+ Bitcoin.
I sometimes invest on Just-Dice and plenty of people have thousands of Bitcoin to throw around, a lot of these people are developers with a passion.
Re: Poll: How many Bitcoin do you own?
#65Is anyone day trading bitcoin? i.e., buying and selling multiple times a day based on small-ish fluctuations of the market?
I used to do this and eventually gave up because of the swings. Being a student (and from a very poor background) it was surreal, I would make or lose in 1 day more than I make in 3 months working at a cafe.
I am slightly ahead day trading but the gain was not worth the risk I took.
Re: Poll: How many Bitcoin do you own?
#660 but I don't fit in any of the given 0 categories.
I answered both "0-4.999" and "0 - But I am thinking of buying" thinking that they were not mutually exclusive.
But perhaps I just screwed up the poll.
Re: Poll: How many Bitcoin do you own?
#67Re: Poll: How many Bitcoin do you own?
#68I own half of a Bitcoin. I purchased about two weeks ago. In the intervening time, the value of Bitcoin has gone up 40%. I can't complain, and I'll probably buy more in the near future. It is somewhat disappointing that they can't be used for anything, though. Without practical applications, Bitcoin is subject to massive volatility and doesn't have any sort of foundation to prevent against collapse of the market. Inc…
It is at least useful as savings. Isn't it a "practical application"? It's being very useful for me to store value in long term.
I'd say it's horrible for savings. Savings is something you actually want to "save", meaning its likelihood of retaining value is as close to 100% as possible. With low risk comes low return, which is okay for savings. Bitcoin is an investment at best, a speculation at worst. It definitely isn't a guaranteed store of value. It's easy to confuse the fact that it's going up with the idea of storing value. Not very long ago your "savings" would have been about 1/2 its peak value in April, and in a year it might be worth 10X or 1/10th.
Re: Poll: How many Bitcoin do you own?
#69Earlier quoted context omitted.
Is there a problem with USD withdrawls? It looks like I can transfer to my US bank account right now...and I have never had an issue.
Have you performed a transfer recently? How long did it take? The prevailing experience is that yes, you can transfer, but you may have a 4-6 week wait.
I have not tried in a bit...last time was 2 days. I have heard they had a backlog due to the withdrawl shutdown but of course that is speculation unless I try to transfer today and see how long it takes.
Re: Poll: How many Bitcoin do you own?
#70I bought $1k worth at $36/coin. I sold it when it dropped to $6. I'll have to go long on the next cryptocurrency.