Current ATH: $500 | Bitcointalksearch.org

steelboy

hero member

Activity: 756

Merit: 1000

Quote from: silverbox on October 29, 2013, 01:10:46 PM

Quote from: steelboy on October 29, 2013, 12:51:28 PM

Quote from: theonewhowaskazu on October 29, 2013, 12:40:29 PM

Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

Can you explain this please? I didn't know you could break a paper wallet

Like breaking a 100 dollar bill.. To get into a paperwallet requires you to put the public address and private key into wallet software to make a transaction on the network. Thus the paperwallets security has been comprimsed to use some of the BTC in it.

Oh, I get you. I thought you meant actually break it.

silverbox

legendary

Activity: 966

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Quote from: steelboy on October 29, 2013, 12:51:28 PM

Quote from: theonewhowaskazu on October 29, 2013, 12:40:29 PM

Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

Can you explain this please? I didn't know you could break a paper wallet

Like breaking a 100 dollar bill.. To get into a paperwallet requires you to put the public address and private key into wallet software to make a transaction on the network. Thus the paperwallets security has been comprimsed to use some of the BTC in it.

steelboy

hero member

Activity: 756

Merit: 1000

Quote from: theonewhowaskazu on October 29, 2013, 12:40:29 PM

Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

Can you explain this please? I didn't know you could break a paper wallet

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Also could just be people messing around. Nothing prevents me from creating 2 accounts and selling myself .001 BTC for $100 or whatever.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Seriously, there have been times where I'd pay $0.50 for 0.001 when I realize that last transaction fee put me slightly below what I need in my hot wallet and I don't want to break my paper wallet.

TERA

hero member

Activity: 728

Merit: 500

Its meaningless because localbtc is a bartering directory, not an exchange. There are no bids and asks that the price has to go through to reach a certain level. Anyone can trade with anyone else at any price at any time.

yuvadm

newbie

Activity: 43

Merit: 0

Look at the top bar - it's a trade on localBTC

Of course someone could've traded locally at $500, even if that's a pretty hefty premium.

somestranger

hero member

Activity: 487

Merit: 500

Are You Shpongled?

This is a worthless figure.

steelboy

hero member

Activity: 756

Merit: 1000

Not massively reliable. Theoretically you could make a sell offer at $1000000 per bitcoin then open another account and buy 0.0000001BTC for $1.

MAbtc

hero member

Activity: 826

Merit: 508

Local bitcoins? Can we confirm that trades actually occurred at those levels? I'm not sure how that works, never used it.

Le Happy Merchant

hero member

Activity: 634

Merit: 500

As of October the 27th, the new all time high is $500.

And nobody noticed.

Topic: Current ATH: $500 (Read 1496 times)