Oh, I will. I keep an Excel spreadsheet with careful details on basis and profits for such purposes.TheCatt wrote:Be sure to pay taxes on that :p
Cryptocurrency
Wasn't that this game's tagline?Paul wrote:Buy loaded, sell high.
Or something like that.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
I like MtGox, it's fairly reliable and trustworthy and seems to be the most popular. Plus there's a nice market depth chart at mtgoxlive.com that comes in handy during heavy trading.
After the US Treasury Department froze their Paypal account it's harder to get money into and out of MtGox, but it can be done. And of course transferring Bitcoins in and out is super easy.
After the US Treasury Department froze their Paypal account it's harder to get money into and out of MtGox, but it can be done. And of course transferring Bitcoins in and out is super easy.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
Oh, and if you are looking at trading them for fun and profit, this site will also be worth bookmarking.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
When I bought one a bit ago (hence my posts here), I was going to meet a local to sell, but they were out of town.
I eventually USPS'd money, which was held in escrow on localbitcoins.com until the seller released the funds when he got the cash.
Seems risky.
It was nice to see the value of the bitcoin shoot up in value though.
I eventually USPS'd money, which was held in escrow on localbitcoins.com until the seller released the funds when he got the cash.
Seems risky.
It was nice to see the value of the bitcoin shoot up in value though.
Down? How would that work? Buying coins should push the price up.
And it would take some serious cash. At the current market depth, if you dumped $1.1 million US on the bitcoin market you'd only push the ask up to $392.50. To get all the way to $400 would take $2.3 million. That's all looking only at current ask, of course, not at the changes in other investors actions that would trigger.
And it would take some serious cash. At the current market depth, if you dumped $1.1 million US on the bitcoin market you'd only push the ask up to $392.50. To get all the way to $400 would take $2.3 million. That's all looking only at current ask, of course, not at the changes in other investors actions that would trigger.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
Do they football players you pick up on waivers start sucking? Or their team? How does that work?TheCatt wrote:So... it's up to $440 on last at mtgox, clearly time for me to buy
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
I'm assuming that moving bit coins is slow? Or why wouldn't people be arbitraging the shit out of this?
Some people undoubtedly do. Moving the Bitcoins around is easy, the transactions are instant but often these guys wait for six verification which can take about a half hour or so. Moving the cash around, though is much more difficult, making arbitraging a bit of a challenge if you don't plan days ahead to get the cash into the right service to make the buy.
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"