Why are prices on Bithumb significantly higher than other prices ? How does that work?

HitBTC is a bit shady. I wouldn't trust them with any significant amount of money, and especially not keep it there for trading.

The ecosystem is already mature enough that there is no arbitrage opportunity outside of automated bots scraping a few cents/dollars.

I don't know about this specific site, but there is always a reason. Could be anything from the exchange having high wire fees, long cash out periods or god knows what.

I didn't even tell the full story because I was so depressed, but I managed to panic sell my BTC when it was rapidly crashing at $5614 (hello bottom), then cursed my stupidity and rebought at $6200. Then as if that wasn't enough to teach me a good lesson, I panic sold my BCH while it was RAPIDLY crashing at $1415 (hello again bottom!) only to watch it IMMEDIATELY spike back up to $1800 prompting me to buy again out of fear and now it's back down to $1200 so I got to take those losses twice. Well over 1k loss all from idiotic attempts at trading. I feel ya bruh!

I tried to introduce my UK friend to bitcoin and from what they experienced it's a real ***** to get BTC at any reasonable price there. The banks apparently won't do business with crypto exchanges so you have to make international euro deposits for most, pay large premiums for others, etc etc. There doesn't seem to be any reasonable way to get it done.

What kind of premium is btc going for on local bitcoin in the UK?

Duffy (CME CEO) was just on CNBC and said the futures contract should be active by the second week of December. Probably a 20% limit stop.

Yeah its pure BS... I am only buying to try leave it there a year and hopefully the increase will be enough to get over the % i just lost buying it

How much bitcoin is actually used as a means to buy and sell things, rather than just a speculative currency for investors?

Sucks to suck.

The sum of forks is at an all-time-high.

Current Bitcoin Price = $8114.06 --- Includes Sum of Forks, Core $6448.30 + Cash $1418.83 + Gold $246.93

Zero

How do I tell if I have any Bitcoin Gold? I don't remember if I had any BTC during the fork

Looks like you can check pre-fork address balances here:

https://bitcoingold.org/

I trade there and like it thus far.

Man that sucks. I know your pain. You could make a deal with your UK friend. Have him wire money over to you for Bitcoin. He can generate an address on Bitaddress.org and you can send your Bitcoin to him. Another option is for him to sign up on an exchange with a VPN making it look like he's from another country (this could be pretty risky though).

Not true. There are some merchants out there that accept BTC. It isn't wide spread, but they are out there. Also, it is an excellent way for depositing on gambling sites.

If UK look in to Coinfloor. Coinbase works just fine in UK too, if you're looking for smaller credit-card sized buys (limits increase substantially once you've had an account for a while). It's cashing out that's the main issue, but if you're holding no need to worry about that for now.

Hey all,

Is there some newbie howto bitcoin thread? For basic
And site where to reg and buy bitcoins with skrill?

Thank you

Not at all, I've been arbitraging since 2015. It is the EASIEST thing to arbitrage as long as you have enough funds on various exchanges. I.E. the rich get richer.

Well done, in that case i stand corrected.

I always thought that whenever there were price differences it was because an exchange not doing cash outs, aka, you might have made a paper gain in USD, but the only way to get the money out is by trading it into crypto and then losing that gain again.

So you're doing this without automated trading/bots? And i assume you have a way to keep international wire costs very low?

Feel free to not answer if you don't want to share, my interest is purely intellectual and i'm curious about the risks involved.

About UK, i think it has been mentioned somewhere else:

1) Use revolut app, fund gbp to gbp
2) Revolut allows monthly 5k conversion at spot price. GBP to Euro. After that you pay 0.5%. For bigger amounts you can always use transferwise clones that are cheaper.
3) Send euro to kraken/bitstamp

Pls share with your friends, revolut is amazing from what people say (i'm not a user), i read they will allow holding BTC as well. Probably buying through an exchange will still be better. But imagine them integrating shapeshift/changelly... that would be nuts.

There's also the counterparty risk of getting Goxed.

This is a bit misleading, as the supply of the different coins are not the full 16.5 million. Bitcoin Cash has a lot of supply removed by exchanges and wallet providers that haven't implemented support for accessing your coins yet.
Gold doesn't even have replay protection yet. No one is even trading it, they are trading futures for it, and the only coins available to buy are the ones that were deposited on certain exchanges at the snapshot date.

I'm a merchant that accepts it. No one is buying anything with bitcoin.

So am I and people use it. But way below 5% to state the obvious.

A more objective metric would be to look at bitpay and supposedly they are growing despite BTC in it's current form being anything but e-commerce friendly.

Once that beloved 2nd layer comes, adoption could grow again at rates it did pre full blocks.

https://amp.businessinsider.com/bitc...-group-2017-11


Also mike novogratz is launching a merchant bank for crypto & fintech businesses

We have an idea of the volume of BTC that was passing through Silk Road which was the biggest marketplace and an actual real world use of bitcoin and it was quite a small.

half the threads in the this forum are crypto related. lol. totally not a bubble!