Bitcoins - digital currency - Page 208 - Business, Finances and Investing Forum

but how do you get those dollars in the first place without having to pick it up at some point, is the point i'm making about bitcoins facilitating these activities.

bitlaundry or a similar bitcoin mixer

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04-12-2013 , 04:58 PM

#5177

iversonian

Carpal \'Tunnel

Join Date: Sep 2003 Posts: 21,441

Quote:

Originally Posted by TomCollins

You think that the ability to trace USD somehow has stopped crimes from taking place or being recovered? What argument are you trying to make? Criminals that are not morons try to get paid in ways that are difficult to trace. Bitcoin doesn't give them something new.

there's a risk of getting caught while trying to pick up the cash. sure, you can do all sorts of things to try to minimize it, but with BTC, it's trivial.

the tracing thing i only mentioned to point out that you can't simply have the guy wire the ransom money to your bank account.

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04-12-2013 , 05:20 PM

#5178

TomCollins

Carpal \'Tunnel

Join Date: Jul 2003 Posts: 43,058

Quote:

Originally Posted by iversonian

No, but you can have them drop off $100,000 in unmarked bills somewhere. The pickup is of course the riskiest part and Bitcoins certainly would reduce that risk.

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04-12-2013 , 06:09 PM

#5179

greg nice

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 9,990

Quote:

Originally Posted by JimAfternoon

What's the fastest place to buy coins?

bitfloor

initiate deposit on website, go to BoA branch, give cash, by the time you are home the money is tradable

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04-12-2013 , 06:58 PM

#5180

mustmuck

veteran

Join Date: Jul 2005 Posts: 2,497

When Mt. Gox say:

Quote:

Q. Are there any other fees charged when trading in multi-currency?

A. No. However, please be advised that there is a 2.5% premium when a trade involves orders in different currencies. However, this is not a separate charge. It is already reflected in the price you see.

Is this not just a fee by another name? i.e. if I buy in JPY from a person selling for USD, Mt Gox will charge me an extra 2.5%, and if I'm selling they'll charge them an extra 2.5%. This would imply that it would be best to trade in the most popular currency (USD I assume).

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04-12-2013 , 07:11 PM

#5181

w4444x

adept

Join Date: May 2008 Posts: 721

anyone here willing to sell 10-20BTCs now ? can send to ps/mb

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04-12-2013 , 07:28 PM

#5182

taikogod

veteran

Join Date: Aug 2009 Posts: 2,515

still looking to buy some btc, for stars/ftp.

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04-12-2013 , 07:46 PM

#5183

bucktotal

old hand

Join Date: May 2006 Posts: 1,667

time to set up a btc marketplace thread?

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04-12-2013 , 07:52 PM

#5184

equity_pls

centurion

Join Date: Mar 2013 Posts: 156

anyone invested in any of the altcoins?
Think it´s time to create a new altcoin and gain the same advantages as the early adopters of bitcoin.
(that´s at least how some developers may have thought^^ just change the name of the coin and copy 99 % of the bitcoin source code...)

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04-12-2013 , 08:00 PM

#5185

daddyrnac

old hand

Join Date: Apr 2012 Posts: 1,254

Has anyone managed to get a trade through twoplustwo in the last 48 hours? I could be wrong, but I don't think I've seen anyone selling recently, only people buying?

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04-12-2013 , 08:34 PM

#5186

greg nice

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 9,990

Quote:

Originally Posted by equity_pls

its been done 5 times already

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04-12-2013 , 08:48 PM

#5187

BigBiceps

Carpal \'Tunnel

Join Date: Mar 2004 Posts: 6,205

LOL bitcoins.

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04-12-2013 , 08:57 PM

#5188

JimAfternoon

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 6,903

Doubled in price today?

I'm surprised how strong they're bouncing back.

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04-12-2013 , 09:07 PM

#5189

gadolparah

Pooh-Bah

Join Date: Dec 2009 Posts: 4,356

buying bitcoins. have all major sites, skrill, boa, and bankwire. 100k in swaps in the HSNL transfer thread. PM me.

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04-12-2013 , 09:11 PM

#5190

Deep

grinder

Join Date: Jul 2012 Posts: 433

Sick day. 600,000 BTC volume.

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04-12-2013 , 09:22 PM

#5191

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

I made a blog post outlining some basic pros and cons of using bitcoins vs fiat with a bunch of links for any noobs out there if anyone's interested http://andr3w321.com/bitcoins-market/

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04-12-2013 , 09:23 PM

#5192

notaveryclevername

journeyman

Join Date: Feb 2013 Posts: 304

Quote:

Originally Posted by Deep

Sick day. 600,000 BTC volume.

and gox has only been going down for very short periods of time. maybe they got their **** together.

Quote

04-12-2013 , 09:24 PM

#5193

Yoshi63

old hand

Join Date: Jan 2007 Posts: 1,940

Matt Probability and Yoshi63 are making a wager on the price of bitcoins. Matt is putting up $1000 to Yoshi's $167. If for any 2+ hour period in the next 30 days (ending this time May 12th) bitcoins trade on Mt.Gox for less than $50, Yoshi win's the bet. If bitcoins do NOT fall below $50 for 2 consecutive hours at any point, Matt wins the bet. In the event Mt.Gox completely disappears and is no longer used as an active exchange, bitstamp wil be used.

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04-12-2013 , 09:27 PM

#5194

Rob1543

old hand

Join Date: Sep 2008 Posts: 1,414

Quote:

Originally Posted by Yoshi63

This is correct. It is contingent on Yoshi escrowing but that is being held up on my side not his and will very likely not be an issue. Just wanted to mention it. GL!

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04-12-2013 , 09:40 PM

#5195

mustmuck

veteran

Join Date: Jul 2005 Posts: 2,497

You might want to stipulate that the exchange has to be open for the two hours.

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04-12-2013 , 09:42 PM

#5196

Rob1543

old hand

Join Date: Sep 2008 Posts: 1,414

Thats a good point. Yoshi, If Gox goes to $49 and shuts down for 2 hours that would not count, correct? It has to be two OPEN hours. If you can confirm that's ok that would be great. If you want to discuss it just give me a shout on Skype.

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04-12-2013 , 09:59 PM

#5197

Freakin

bacon wannabe

Join Date: Sep 2004 Posts: 17,153

Wtf an actual bet with clear terms and people escrowing money?

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04-12-2013 , 10:11 PM

#5198

Calamities

enthusiast

Join Date: Oct 2012 Posts: 66

Does anyone have a good theory for why BTC-E and bitstamp are trading so much lower than Gox?

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04-12-2013 , 10:16 PM

#5199

Rob1543

old hand

Join Date: Sep 2008 Posts: 1,414

Quote:

Originally Posted by Freakin

Wtf an actual bet with clear terms and people escrowing money?

I have two open bets. Both are basically the same. it is generally agreed upon that I have the worst of it by everyone except me.

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04-12-2013 , 10:27 PM

#5200

JimAfternoon

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 6,903

Quote:

Originally Posted by Deep

It mostly is for small amounts and if your Gox acct isn't locked. The wait is for your Dwolla deposit ACH to fully clear (you also need history there for Gox transfers). Dwolla to Gox takes a few hours last I heard. Gox to Seals should be about 10 min.

Cool. So I just need to get my dwolla funded.

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