Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26446. (Read 26609759 times)

AUG 11 2014
Consumer advisory: Virtual currencies and what you should know about them
BY WILL WADE-GERY
You may have heard about virtual currencies like Bitcoin, XRP, and Dogecoin. But what are virtual currencies? What’s this “to the moon!” business on the internet about? And, as a consumer, what risks should you be aware of?

While virtual currencies offer the potential for innovation, a lot of big issues have yet to be resolved – some of which are critical, including:

Virtual currencies are targets for hackers who have been able to breach sophisticated security systems in order to steal funds
Virtual currencies can cost consumers more to use than credit cards or even regular cash once you take exchange rate issues into consideration
Fraudsters are taking advantage of the hype surrounding virtual currencies to cheat people with fake opportunities
If you trust a company to hold your virtual currencies and something goes wrong, that company may not offer you the kind of help you expect from your bank or debit or credit card provider
Check out our consumer advisory for more things that you should think about if you’re considering using virtual currencies and links to other useful resources.

Submit a complaint
You can also submit a complaint if you have a problem with a virtual currency product or service. We’ll forward the complaint, along with any documents you provide, to the relevant company and work to get a response from them.

Complaint data helps us understand what business practices may pose risks to consumers. We’ll use the information to enforce federal consumer financial laws and, if appropriate, take policy steps.

Here's the latest chart (updated just now):

That doesn't sound like it's a lot of money for Dell. I think it's a great thing that order has been made using Bitcoin, but it isn't an order out of the ordinary for Dell, I guess, right?

I actually hope that we stay flat like this for several more years, because each week my dad gives me $10 allowance and I like to put half of that toward bitcoin. In 4 more years, I can have 2 full bitcoin!

I actually hope that we stay flat like this for several more years, because each week my dad gives me $10 allowance and I like to put half of that toward bitcoin. In 4 more years, I can have 2 full bitcoin!

You should keep two things separate: how well the data is modeled, and how well the model predicts future data.

For example, you'll note that the local peaks of the transactions (early 2013, late 2013) come well after the peak in price. And how to extrapolate from the transaction graph into the future is an entirely different question, imo.

I picked the "plateau" phases on purpose. In my opinion, the price of around $100 last year was an important milestone. Took the market a while to understand that we won't go below it again for any substantial amount of time, but also that it takes some time to go above it.

Feels similar now, with 500s instead of low 100s.

(Subjective argumentation above, I know... Dismiss it freely )

Wow, really? So we'd need an increase in transactions now, right? (Aren't we already seeing one for a few weeks???) But what about the prediction that according to the transactions we should be at $2k already? I guess I've seen that around here somewhere...

I would prefer a chart that looks like the surface of a neutron star.

Massive dump on Stamp, panic everyone! Which exchange started it, does anyone know? Wow what a sad beginning for this week, in which so many people put their hopes and dreams in!

Here's the latest chart (updated just now):