Watching Tradehill prices closely... - page 2.

allinvain

legendary

Activity: 3080

Merit: 1083

Quote from: BTC Economist on June 25, 2011, 01:47:35 PM

Quote from: FlipPro on June 25, 2011, 01:44:19 PM

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

Lack of trust in the currency. As of late, it increasingly appears that you have no recourse in the face of criminal activity.

Nope, you sure don't. One mistake and your're fucked. But your only hope is that for the long term the amount you lose to fraudulent activity is far far smaller than the money you actually make. Law of averages and statistics will tear you a new one from time to time.

grndzero

sr. member

Activity: 392

Merit: 250

Quote from: BTC Economist on June 25, 2011, 01:52:28 PM

Quote from: FlipPro on June 25, 2011, 01:50:41 PM

Quote from: BTC Economist on June 25, 2011, 01:47:35 PM

Quote from: FlipPro on June 25, 2011, 01:44:19 PM

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

Lack of trust in the currency. As of late, it increasingly appears that you have no recourse in the face of criminal activity.

Who's lacking trust in the actual currency? If anything people are lacking trusts against MTGOX. Not bitcoin lol..

This is the misconception techie types have. Yes, Mt Gox was the one hacked, however that hacking showed people that they have no recourse when there money is stolen. A Bitcoin Deposit Insurance Corp. type entity is vital if this currency is to succeed long term.

No, it's a misconception that NON-techie and the ill informed have.

For there to be a BDIC there would have to be a bitcoin bank, and a bitcoin bank it a pretty lame idea until the bank can have recourse against someone who defaults on a loan.

BTC Economist

member

Activity: 112

Merit: 10

Quote from: ?? on ??

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

Yes. After the hoards of disgruntled Bitcoiners liberated their precious booty from the evil clutches of the Gox they could not wait to get real money out of their coin on the TradeHill...

All... 460... Coins...

It's extremely unlikely this event is over.

BTC Economist

member

Activity: 112

Merit: 10

Quote from: FlipPro on June 25, 2011, 01:50:41 PM

Quote from: BTC Economist on June 25, 2011, 01:47:35 PM

Quote from: FlipPro on June 25, 2011, 01:44:19 PM

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

Lack of trust in the currency. As of late, it increasingly appears that you have no recourse in the face of criminal activity.

Who's lacking trust in the actual currency? If anything people are lacking trusts against MTGOX. Not bitcoin lol..

This is the misconception techie types have. Yes, Mt Gox was the one hacked, however that hacking showed people that they have no recourse when there money is stolen. A Bitcoin Deposit Insurance Corp. type entity is vital if this currency is to succeed long term.

grndzero

sr. member

Activity: 392

Merit: 250

Quote from: BTC Economist on June 25, 2011, 01:47:35 PM

Quote from: FlipPro on June 25, 2011, 01:44:19 PM

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

Lack of trust in the currency. As of late, it increasingly appears that you have no recourse in the face of criminal activity.

Welcome to the Wild West. Standard rules don't apply.

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: BTC Economist on June 25, 2011, 01:47:35 PM

Quote from: FlipPro on June 25, 2011, 01:44:19 PM

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

Lack of trust in the currency. As of late, it increasingly appears that you have no recourse in the face of criminal activity.

Who's lacking trust in the actual currency? If anything people are lacking trusts against MTGOX. Not bitcoin lol..

BTC Economist

member

Activity: 112

Merit: 10

Quote from: FlipPro on June 25, 2011, 01:44:19 PM

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

Lack of trust in the currency. As of late, it increasingly appears that you have no recourse in the face of criminal activity.

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Why? Difficulty has gone up, there is ALOT more competition in the exchange market, and there are projects popping up everywhere. What is an indicator to you that we are headed for single digits ?

TraderTimm

legendary

Activity: 2408

Merit: 1121

Quote from: BTC Economist on June 25, 2011, 01:41:33 PM

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

Sorry, I don't have 'not long' marked on my clock. Could you be more specific?

BTC Economist

member

Activity: 112

Merit: 10

Quote from: TraderTimm on June 25, 2011, 01:40:20 PM

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

I have consistently stated we should see a price of $7-$9 not long after Mt. Gox opens.

TraderTimm

legendary

Activity: 2408

Merit: 1121

Quote from: BTC Economist on June 25, 2011, 01:26:00 PM

Starting to see some signs of a cash out on TH...

I thought economists predicted things, not play-by-play commentary. So, 'professor', anything regarding the future? Don't worry, we won't be too rough on you, after all - economist is one of the few jobs where you can be wrong and still be employed.

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: Grant on June 25, 2011, 01:32:53 PM

Quote from: FlipPro on June 25, 2011, 12:21:42 PM

No such thing as 6 month charge-backs. The most my money is held for is 2 weeks. We have an internal list which makes these transactions go much smoother. You have much higher chance of getting scammed in one of these exchangers than you would on Ebay. There are many ways to protect yourself, but I don't feel like it's necessary to divulge that information, especially when you are so hostile to the idea.

You're wrong. Do some more research, chargebacks can happen upto 6 months after a transaction is made and if you have a CC or a bankaccount attached to it, paypal will get your money from there.

You're right about one thing, you are much better protected using ebay/paypal but only IF you are the buyer, if you are the seller you have to prey and hope the buyer isn't a thief.

I'm not hostile to the idea of buying using paypal/ebay, but selling through there is plain stupid.

I think that's why I am going to start selling it pegged to a real coin, cause then you have something tangible to go by. So there is actually a shipment that takes place, and the customer is held accountable for that shipment/confirmation. It's alot less riskier this way, and you can peg it to almost anything you can think of, even an old sock, just add BTC BONUS to the end of it and the scavengers will find it !

Grant

full member

Activity: 210

Merit: 100

Quote from: FlipPro on June 25, 2011, 12:21:42 PM

No such thing as 6 month charge-backs. The most my money is held for is 2 weeks. We have an internal list which makes these transactions go much smoother. You have much higher chance of getting scammed in one of these exchangers than you would on Ebay. There are many ways to protect yourself, but I don't feel like it's necessary to divulge that information, especially when you are so hostile to the idea.

You're wrong. Do some more research, chargebacks can happen upto 6 months after a transaction is made and if you have a CC or a bankaccount attached to it, paypal will get your money from there.

You're right about one thing, you are much better protected using ebay/paypal but only IF you are the buyer, if you are the seller you have to prey and hope the buyer isn't a thief.

I'm not hostile to the idea of buying using paypal/ebay, but selling through there is plain stupid.

BTC Economist

member

Activity: 112

Merit: 10

Starting to see some signs of a cash out on TH...

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: Grant on June 25, 2011, 12:16:14 PM

Quote from: qualia8 on June 25, 2011, 12:12:20 PM

I can't believe Ebay is allowing this. Won't PayPal arbitrarily reverse the transactions and leave sellers hanging?

They're not allowing this, thats why it's a helluva deal to buy bitcoins at ANY price on ebay because you can simply reverse the transaction after upto 6months, and the idiot seller will be left with a closed paypal/ebay account (if it was already empty they'll charge his RL bank account) and his btc's gone.

No such thing as 6 month charge-backs. The most my money is held for is 2 weeks. We have an internal list which makes these transactions go much smoother. You have much higher chance of getting scammed in one of these exchangers than you would on Ebay. There are many ways to protect yourself, but I don't feel like it's necessary to divulge that information, especially when you are so hostile to the idea.

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: qualia8 on June 25, 2011, 12:12:20 PM

Quote from: FlipPro on June 25, 2011, 12:02:59 PM

Quote from: elggawf on June 25, 2011, 12:00:44 PM

Quote from: FlipPro on June 25, 2011, 11:55:40 AM

Just bought at tradehill , ready for the waves Grin

.

Do you wear a helmet out in public? Tongue

I'm just wondering what type of person buys, now, at $16... when there's a few thousand in BTC moving around and the USD is probably not likely to follow it nearly as quick. Not saying that BTC is going to tank, but now is a pretty terrible time to be buying.

I think the market is going to surprise people. I am not in it to get out right away, I am in this for the longrun. I don't believe that Bitoins will drop all because mtgox is back online if anything the speculation is going to fuel these prices. I just can't see it going any lower than $15 when these coins are trading at 15+ in every single exhanger, and @25 at ebay. Even if I buy at 16 I still make killer profit on Ebay.

I can't believe Ebay is allowing this. Won't PayPal arbitrarily reverse the transactions and leave sellers hanging?

Ebays letting us get away with it for now. We have an internal list of honest buyers, and dishonest scammers. It's a group list that basically keeps everyone out of trouble, and stuff operating smoothly. Trust me, Ebay may publicly have a problem with this, but inside their loving it. We are literally printing them money ! Alot of people are basically taking a penny, and attaching a BTC bonus on to the penny. This makes it really, really , hard for ebay to justify closing your auction down. You're allowed to trade currency on Ebay, and how high your auction gets has nothing to do with the value of the currency that you are selling.

http://cgi.ebay.com/One-cent-two-2-Bitcoin-Bonus-2-BTC-/200623743620?pt=LH_DefaultDomain_2&hash=item2eb61b6284

Grant

full member

Activity: 210

Merit: 100

Quote from: qualia8 on June 25, 2011, 12:12:20 PM

I can't believe Ebay is allowing this. Won't PayPal arbitrarily reverse the transactions and leave sellers hanging?

They're not allowing this, thats why it's a helluva deal to buy bitcoins at ANY price on ebay because you can simply reverse the transaction after upto 6months, and the idiot seller will be left with a closed paypal/ebay account (if it was already empty they'll charge his RL bank account) and his btc's gone.

qualia8

full member

Activity: 237

Merit: 100

Quote from: FlipPro on June 25, 2011, 12:02:59 PM

Quote from: elggawf on June 25, 2011, 12:00:44 PM

Quote from: FlipPro on June 25, 2011, 11:55:40 AM

Just bought at tradehill , ready for the waves Grin

.

Do you wear a helmet out in public? Tongue

I'm just wondering what type of person buys, now, at $16... when there's a few thousand in BTC moving around and the USD is probably not likely to follow it nearly as quick. Not saying that BTC is going to tank, but now is a pretty terrible time to be buying.

I think the market is going to surprise people. I am not in it to get out right away, I am in this for the longrun. I don't believe that Bitoins will drop all because mtgox is back online if anything the speculation is going to fuel these prices. I just can't see it going any lower than $15 when these coins are trading at 15+ in every single exhanger, and @25 at ebay. Even if I buy at 16 I still make killer profit on Ebay.
[/quote

I can't believe Ebay is allowing this. Won't PayPal arbitrarily reverse the transactions and leave sellers hanging?

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: elggawf on June 25, 2011, 12:00:44 PM

Quote from: FlipPro on June 25, 2011, 11:55:40 AM

Just bought at tradehill , ready for the waves Grin

.

Do you wear a helmet out in public? Tongue

I'm just wondering what type of person buys, now, at $16... when there's a few thousand in BTC moving around and the USD is probably not likely to follow it nearly as quick. Not saying that BTC is going to tank, but now is a pretty terrible time to be buying.

I think the market is going to surprise people. I am not in it to get out right away, I am in this for the longrun. I don't believe that Bitoins will drop all because mtgox is back online if anything the speculation is going to fuel these prices. I just can't see it going any lower than $15 when these coins are trading at 15+ in every single exhanger, and @25 at ebay. Even if I buy at 16 I still make killer profit on Ebay.

elggawf

sr. member

Activity: 308

Merit: 250

Quote from: FlipPro on June 25, 2011, 11:55:40 AM

Just bought at tradehill , ready for the waves Grin

.

Do you wear a helmet out in public? Tongue

I'm just wondering what type of person buys, now, at $16... when there's a few thousand in BTC moving around and the USD is probably not likely to follow it nearly as quick. Not saying that BTC is going to tank, but now is a pretty terrible time to be buying.

Topic: Watching Tradehill prices closely... - page 2. (Read 7015 times)