231–240 of 357 posts
Earlier quoted context omitted.
Pound sterling...
Woah wait when did the pound lose 25% of its value due to a SEC ruling?
I find that Bitcoins are an effective hedge against conventional wisdom.
Earlier quoted context omitted.
I've just been trying out Coinbase recently and I'm pretty annoyed with them. For one, Canadians can't sell & withdraw money, and their buy/sell limits are ridiculously annoying. On top of this, their fees are very expensive and just right now, they have an outage in the middle of an important news. This is like failing at all the core important bits. Is there a more serious thing than Coinbase that exists?
Kraken.com?
Jokes going to be on them when the dollar crashes and they won't have easy access to their liquidity in bitcoins.
Bitcoin just went from a high of 1327.1926 to 995.9575 in the blink of an eye. Wow. From the ruling.... > First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated. > Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulat…
>Bitcoin just went from a high of 1327.1926 to 995.9575 in the blink of an eye. That is a loss of 25% of its value. This announcement does nothing to hurt the utility of Bitcoin or its application as a medium of exchange. That drop certainly seems like a speculative investment bubble popping.
Update as of 11 March 01:44 UTC (4h43m after the SEC decision): BTC fully recovered!
It now stands at $1140, which is the level it was trading at just 2 days ago. From 09 March 00:00 UTC to the SEC decision on 10 March 21:01 UTC it gained +12% due purely to speculation ($1140 to $1280) and basically retraced these 12%: http://bitcoincharts.com/charts/bitstampUSD#rg10zig30-minzcz... I am impressed. I thought downward trading pressure would have lasted for days/weeks after the SEC rejection.
Bitcoin just went from a high of 1327.1926 to 995.9575 in the blink of an eye. Wow. From the ruling.... > First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated. > Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulat…
Bitcoin just went from a high of 1327.1926 to 995.9575 in the blink of an eye. Wow. From the ruling.... > First, the exchange must have surveillance-sharing agreements with significant markets for trading the underlying commodity or derivatives on that commodity. And second, those markets must be regulated. > Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulat…
>Bitcoin just went from a high of 1327.1926 to 995.9575 in the blink of an eye. That is a loss of 25% of its value. This announcement does nothing to hurt the utility of Bitcoin or its application as a medium of exchange. That drop certainly seems like a speculative investment bubble popping.
That's what the 1MB blocksize limit is for.
Coinbase is down.
I've just been trying out Coinbase recently and I'm pretty annoyed with them. For one, Canadians can't sell & withdraw money, and their buy/sell limits are ridiculously annoying. On top of this, their fees are very expensive and just right now, they have an outage in the middle of an important news. This is like failing at all the core important bits. Is there a more serious thing than Coinbase that exists?