Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25913. (Read 26608199 times)

There is NO such thing as pre-trade with Coinbase because there is NO trading on Coinbase.   When you purchase BTC on Coinbase, that amount is transferred directly from your connected bank account with a 1% fee and $.15  per transaction (that is the total 1% + $.15 flat fee per transaction).  If you cash out through Coinbase, the fee is the same 1% and $.15 per transaction and the cashed out deposit into fiat goes straight to your bank account.  There is NO option to hold dollars on Coinbase.

Yes. This is also my opinion and it has popped into the forefront of my mind with that paypal news.

However it is also true that transactional utility is a necessary prerequisite for bitcoin to be money. The expectation of value comes from that. Without this utility, noone would use bitcoin as a store of value.


Bitcoin lacks consumer protections. It's actually not a good payment system in that regard. Those protections may or may not be necessary, but if the masses want them, they need to be built on top... maybe paypal is doing this?


Wether or not the phenomenon continues depends largely on what happens regarding the monetary crisis of our fiat currencies. If things don't change, there's only so many libertarians / agorists / anarcho-capitalists that care enough to embrace bitcoin. I think we've exhausted this demographic at this point. As Mike Hearn points out: bitcoin might get stuck in a niche. That would suck bigtime, we need people to wake up and understand what money is and isn't, but sleep feels nice and dreams are happy so people continue to sleep. People will only wake up when they feel pain.


If Bitcoin currently achieves only one thing and that is to present an alternative to the state-sponsored fiat currencies and keep their masters relatively thoughtful, then much is achieved: I'm sure that bail-ins (cyprus-style) are being considered on a larger scale, but the "problem" of people flocking to Bitcoin in the aftermath of such action and subsequent rally in btc price clearly exists.

The current financial crisis is really a monetary crisis. And money is at the heart of civilization.

Interesting times we live in.

998 coin dump panic inducers all on their own?

Explanation

Yes - as wachtwoord mentioned there could be a fee and the fee could vary... and so the fuck what?

Of course the fees can be accounted for in any person's total calculation about when to spend and how to spend and how much to spend, and s/he can engage in such calculations in order to decide what action to take.  The mere fact that there are fees to transfer or to buy does NOT cause there to be double spending in the true sense of the phrase.  A person is NOT having to spend twice as much for a product merely because s/he buys it with bitcoin, which had seemed to be the implication of the 2x assertion.

I doubt Satoshi will have such bad security for his stored bitcoins. Those puppies are safe!

Do you think the hacker will use the email recovery option from the Satoshi's wallet and steal the coins?

Seriously, can't see the relation.

oops, just happened, $456.3

$45x soon

And it won't happen.  Even if it did happen, it could be easily corrected with a fork.

not found / happened yet

When someone finds a private key, the first thing they do is transfer the Bitcoins out to another address they alone control.  That hasn't happened.

it might be not directly connected but indirectly related, this is very possible

tree falls in the forest question (if no one there to hear it does it make a sound?)

so if this hacker of satoshi's account got into his BTC account and access to 1 million  $$$ BTC and satoshi
never says anything or comes forward ...to claim ...can he keep it (hate to say this but if satoshi was
a japanese national and has been unheard from could he have died in the tital wave that hit japan?)

heck take the satoshi account say you are satoshi can sell coin..if no backlash from anon individual well
no problem right?

Searing

I guess not.

Would be too dump store private keys on email for years in an abandoned email.

What is known now is already priced in, including the probabilities of various unknowns.

it depends if that email account or it's password has anything to do with satoshi's private keys

ie: that email connected to a place that might connect to the place stored his bitcoins
that password contains full or part of words which used to create the private key

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

I wonder how much falllling is getting paid to try to talk down the price.  He's getting desperate now.

bitcoin is still on it's way to the final capitulation, you wish $466 is the bottom? not at all..