Posted: Sat Nov 09, 2013 10:08 pm
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
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Posted: Mon Nov 11, 2013 10:18 am
And now I'm daytrading Bitcoins. Figured this would be a good chance to practice daytrading and see if I'm any good at it with minimal risks.
Posted: Mon Nov 11, 2013 11:17 am
Good luck!
Posted: Mon Nov 11, 2013 3:54 pm
Buy loaded, sell high.
Or something like that.
Or something like that.
Posted: Mon Nov 11, 2013 3:57 pm
Wasn't that this game's tagline?Paul wrote:Buy loaded, sell high.
Or something like that.
Posted: Mon Nov 11, 2013 5:06 pm
Is there a quick and easy way to buy/sell bitcoins?TPRJones wrote:And now I'm daytrading Bitcoins. Figured this would be a good chance to practice daytrading and see if I'm any good at it with minimal risks.
Posted: Mon Nov 11, 2013 5:46 pm
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.
Posted: Mon Nov 11, 2013 6:06 pm
Oh, and if you are looking at trading them for fun and profit, this site will also be worth bookmarking.
Posted: Tue Nov 12, 2013 12:19 am
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.
Posted: Tue Nov 12, 2013 2:54 pm
If you really want to trade them, let me know. I can buy a few to guarantee the price will go down.
Posted: Tue Nov 12, 2013 3:29 pm
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.
Posted: Tue Nov 12, 2013 3:53 pm
Whenever I buy something that trades (stocks, etc), the price drops.TPRJones wrote:Down? How would that work? Buying coins should push the price up.
Posted: Tue Nov 12, 2013 5:11 pm
Ah.
Have you consider leasing out your abilities to short sellers or options traders?
Edited By TPRJones on 1384294332
Have you consider leasing out your abilities to short sellers or options traders?
Edited By TPRJones on 1384294332
Posted: Tue Nov 12, 2013 6:27 pm
I'm offering to youTPRJones wrote:Ah.
Have you consider leasing out your abilities to short sellers or options traders?
Posted: Wed Nov 13, 2013 10:57 am
So, I'm looking at these places.
coinbase is offering BC for $400/each. But Mt Gox is showing people last trade around $415/each, and depth above/below that.
I'm assuming that moving bit coins is slow? Or why wouldn't people be arbitraging the shit out of this?
coinbase is offering BC for $400/each. But Mt Gox is showing people last trade around $415/each, and depth above/below that.
I'm assuming that moving bit coins is slow? Or why wouldn't people be arbitraging the shit out of this?
Posted: Wed Nov 13, 2013 4:19 pm
So... it's up to $440 on last at mtgox, clearly time for me to buy
Posted: Wed Nov 13, 2013 5:39 pm
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
Posted: Wed Nov 13, 2013 6:42 pm
Actually, the ones I drafted sucked ass, except the Redskins players I drafted. Th e ones I picked up on waivers have done really well.
Im cursed when it comes to things that matter.
Edited By TheCatt on 1384386217
Im cursed when it comes to things that matter.
Edited By TheCatt on 1384386217
Posted: Wed Nov 13, 2013 6:44 pm
Sounds like you got Draids.
Posted: Thu Nov 14, 2013 11:26 am
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.