Learning about trading is a skill in itself, which needs to be learned. There is a staggering amount of bull**** information out there. I don't have any real answers for you, and that's from someone who has been wading through all the bull**** he can find for the last 15 years.

so i withdrew from this sports site i use for betting bitcoin and they didnt do any miner fees or w.e how long should i expect before i recieve on 10 hours now

Depends on the site (and if they are scamming you). The transfer itself is nearly instant. So the delay is a human one. They haven't done it yet.

Somebody sent me coins from seals and it took a number of hours as well FWIW.

Came across a guy named Tone Vays who blogs and tweets about trading bitcoin for fun. No idea if he's any good or not cause I'm not into trading that much, but might be worth looking into.

Found Guilty.

http://www.bloomberg.com/news/articl...s-dread-pirate

hint: Yes for all of these, just like your ridiculous bitcoin comparison.

A debit transaction, not to be confused with a credit transaction, will show up on your account instantly. Why is this your comparison in the first place? When I buy things using my credit card, I get a 1-2% cashback bonus. When a person buys bitcoins, they usually have to pay a 1% transaction fee or more (that you miraculously forgot to include). Nobody who takes bitcoin seriously believes that replacing the credit/debit card is where bitcoin will thrive so just shut up about it and go post elsewhere. Plastic (and other forms of domestic commerce payment platforms) isn't going to be replaced by bitcoins, and defending bitcoin against this is idiotic.

Not at my bank. Yours must be different.

No money in card processing. Fees already impossibly low.

Thank you for your thorough analysis.

I think this question has been asked a thousand times everywhere.

Pretty much its impossible to learn unless you join a firm or know people/connections. Any free information out there is going to be absolutely terrible. Think free poker coaching sites but worse.

If you buy a book or something like that it will be anywhere from terrible to barely passable information.

There are "elite" training sites that come with huge price tags. How good they are I don't really know. They are probably comparable to the paid online coaching sites of today that let you win at small stakes and require a lot of effort on your end to learn.

A big problem with trading, unlike poker, is that the second you enter you compete against the field. It is easier to trade smaller amounts but only by so much, its mostly just tough right from the beginning.

GL

Do you believe this strongly, TC? This seems far too binary to me. For example, it certainly seems possible to me that if governments actively worked against BTC then that could prevent a disruptive use case that might've otherwise occurred.

1981:
Yep, internet was totally obvious to everyone it was going to be awesome:


1994:

There's disruptive and there's marginal advantages. Bitcoin will have a hard time getting acceptance in marginal advantage situations (alone). Look at merchants now. It's not really going to drive any kind of adoption. Bans will affect this kind of use, that really will only exist if disruption occurs first. Disruption drives the adoption, marginal use cases become profitable, and you have revolution. But disruption is something that is so big, that it won't really matter what the laws do. Bitcoin's big advantage is censorship resistance and being distributed. Thus, any disruptive factor Bitcoin has will need to be resistant to government bans. Otherwise, it wouldn't really be any better.

You are correct in non-Bitcoin cases, disruption can be impeded by government actions in a lot of cases. But still, disruption tends to win, since it is vastly better in some use case. Say Uber. Governments are trying to block this, but it's so disruptive and beneficial, people use it anyway and ignore the ban. Eventually the popularity wins out and governments (made of elected officials who are interested in their own power primarily) switch allegiances, and Uber is now legal. Bitcoin will be the same way. If there is a disruptive force (and hell, the black market is certainly one), people will use it regardless of the law. As those use cases become more popular, you have room for slightly less disruptive ones, and eventually enough popularity you'd be a fool to be against it. If there aren't these kind of use cases, why am I giving up fiat or gold or whatever you have competing with Bitcoin, to begin with.

Plastic gets replaced by Bitcoin when everyone already has Bitcoin and merchants offer superior discounts for using it compared to the alternative.

It's literally the last step (if it makes it that far). It could happen, but it's not any kind of driver.

I want your opinion on this as a reasonable skeptic. One idea I've had/seen is the idea of digital tickets for events on the block chain. Scalping is huge, reselling huge, and there's a huge risk in not having legit items, or having to rely on centralized parties that can charge obscene markups on scalping. Risk is, accepting payments from strangers that might not clear, and on the other side, that tickets aren't legit/are duplicated from someone else.

The blockchain solves this if tickets are issued on the blockchain and transacted through Bitcoin in an atomic transaction. Meaning someone gets my Bitcoins only if I get a ticket, and vice versa. An automatic escrow system. I just have to be able to verify the blockchain tickets I get are actually legit, and issuers can easily publish a certificate that proves they issued the tickets.

This actually seems like something that having a Bitcoin transaction is actually superior. Hell, you could even obscure that Bitcoin is being used here (forget legal requirements), by having people deposit with you as a service, transact with others using Bitcoin, who may or may not be using you are a similar party as a service, and have that guaranteed value with that transaction and without relying on a central party.

Thoughts?

My thought was that sometimes muddling along in marginal advantages can bring around the circumstances for a disruptive case.

Maybe you think this is nonsense in practice, but it seems to at least be possible in theory?

TC, I think you might be able to find a vc who would fund that: http://avc.com/2014/11/ticketing/

you are a dumb ass.




and

having to physically type in your CC/Debit information over the internet to purchase things is completely moronic. Letting businesses save this information about you is just as stupid because they cant protect it.

Bitcoin solves these things. You dont need an underlying national identity that should determine whether or not you possess the ability to buy a cook book from and to anywhere in the world.

neat idea.

everything is scannable as a qr code on the ticket or as a jpeg or in your phone

People can scan the qr to verify it is a legit ticket in person, just like ushers do at the gate.

the problem is that a lot of these second market ticket sales (e.g. sporting events) are so closely tied and regulated by the franchise now. A lot of the tickets go straight to ticketmaster or stubhub.

point being that its a good idea only if you cut out the middle man to increase their margins. And bitcoin obviously solves this easily.

Early debit cards worked a lot more like bitcoin. Had to have a positive balance, no chargebacks, very little data leaked to the vendor. Consumers wanted the extra protection against scams from vendors, being able to buy on credit etc. Vendors wanted the extra customer info. What makes you think that they are happy to give those up again. And what is stopping the banks from bringing back simple debit cards if bitcoin actually starts to compete. As for the McDonalds example. Both of my debit cards give the same result as bitcoin. One of them is capable of doing it contactless.

What % of Amazon's gift card market is a result of fraudulent CC/debit txs??

While people with good credit have access to 1-2% cashback on their CCs, I would begin to wonder what that cashback figure would actually look like if a more secure system was put into place where it is inherently more difficult to initiate fraudulent txs.

No one will argue that a physical credit card works for brick and mortar sales.

But using your credit card on the Internet sucks dick.

I agree with things other than Bitcoin. Bitcoin is unique here in that it's key differentiator is censorship resistance and being distributed.

I still need to work on the business model a lot, and really, it needs to be sold to places that issue tickets. I'd imagine it starts at smaller events and places that are too small to bother with ticket master. Example - comedy club might handle this rather than will call. Going against TicketMaster will be tough. Ticketmaster has an interesting business proposition to places that issue tickets - they'll PAY these new arenas/event centers to get business, and take it out of the fees they would pay back over time. They are making money off these fees ticketmaster makes, and the real benefit is coming from consumers, who don't actually buy the product. So the value proposition needs to be there for anyone hosting events, which is much tougher.

As for VC, it's possible. There's a lot that needs to be done first. This isn't a unique idea, either, so I fully expect people in this area that possibly have more connections. But it's nice to think about.

rekt

Long time since I last read or wrote anything in this thread .

I know this will sound like some stupid scam but Iam looking to obtain old wallets/priv. keys that are not used anymore and are empty and had some balance and transactions during last year. Iam mostly looking for wallets that had a lot of sub-wallets and transactions. The more the better. Iam willing to pay like 0.01btc for the basic ones and more for the really "juicy" ones. Iam looking for BTC/LTC/DOGE or any other popular altcoins.
I can verify if this address is something Iam looking for by public add. so If you are interested just PM me and I will let you know. I have clean good reputation with both poker(2+2) and bitcoin(bitcointalk) communities. If you are interested why I need them its for some alt-coin shananigans.

OK I'm looking into this now. It does look pretty good. Price chart is not working for me though, maybe because I have no funds in there?

No fees for 60 days and after that the fees are very low: 0.25% only if you take liquidity, 0% if you provide it. Minimum size is 0.01btc.

I would say the best way to learn is to just jump in and start trading the minimum size. Try to develop your own ideas, and if you do read others', maintain skepticism.

Keep a record of your trades. If you think you are doing well, you'll want to increase your size. One thing you can do is to treat your trades like poker hands. Compute an expectation and a standard deviation. Work out a risk of ruin for the size and style you want to trade, and come up with a bankroll you are comfortable with.