Bitcoin's and the future of online banking - Page 19

What does the $ swing have to do with their business? They get their fee either way if it's an exchange, and an exchange has two parties agreeing on a price. Does etrade stop allowing withdrawals because stocks move in price?

+1.
are referring to some sort of risk aversion from wallets that offer hedging options while the transaction clears?

I don't have the links, thought I posted them here tbh, but quite a few wallets or exchanges stopped letting people withdraw due to volatile prices. If I can find the wallets/exchanges, I'll let you know.

However, with massive volatility, they (the people who own NYSE and such) stop the markets. I forget what it's called, but it's used to prevent HFT from doing into hyper drive, even though they are already there.

On December 12 2013 18:53 Gnarly wrote: However, with massive volatility, they (the people who own NYSE and such) stop the markets. I forget what it's called, but it's used to prevent HFT from doing into hyper drive, even though they are already there.

That's super rare and only really in place to prevent computer glitches from crashing the market. I'm guessing bitcoin exchange owners are heavily invested in bitcoin and have incentive to freeze the exchange for a bit to prevent a sell off.

Interesting story about a guy minting physical bitcoins and getting shut down by the Feds: http://www.wired.com/wiredenterprise/2013/12/casascius/

theres the dropoff to 400 that i was looking for, unfortunately bought some earlier at 540/670, but now its definitely BUY BUY BUY BUY BUY time

Bitcoin is like the Isildur of currency.

On December 18 2013 09:07 NMcNasty wrote: Bitcoin is like the Isildur of currency.

hahahahahahahahahah

Ill buy at 5 cents like in 2009 lolxol

Scary moment now with China completely pulling out. I think OKCoin and other chinese exchanges have all stopped allowing deposits. China went from 1200 while we were at 1k in USD to 500 while we're at 600. The chinese exchanges will likely close up shop if they can't find some way around not allowing deposits with CNY. Seems silly to think the Western Central Banks won't try to stop allowing BTC to grow in their countries as well. With that said, I'm still not selling what I have, but I'm waiting a bit to make any more purchases as I think we will test the old 400 level in the US as well.

On December 18 2013 09:07 NMcNasty wrote: Bitcoin is like the Isildur of currency.

commeneded

this should scare people into pulling out.

in b4 it drops even lower

GG BITCOINS ROFL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

On December 18 2013 09:07 NMcNasty wrote: Bitcoin is like the Isildur of currency.

well played Sir.

On December 13 2013 01:42 NMcNasty wrote: Show nested quote + On December 12 2013 18:53 Gnarly wrote: However, with massive volatility, they (the people who own NYSE and such) stop the markets. I forget what it's called, but it's used to prevent HFT from doing into hyper drive, even though they are already there. That's super rare and only really in place to prevent computer glitches from crashing the market. I'm guessing bitcoin exchange owners are heavily invested in bitcoin and have incentive to freeze the exchange for a bit to prevent a sell off. Interesting story about a guy minting physical bitcoins and getting shut down by the Feds: http://www.wired.com/wiredenterprise/2013/12/casascius/

Dynamic collar is on the european exchange and i imagine on others aswell. The idea is that if the price moves +10% or -10% in a rather short period of time there will be a reservation period where there is no trading and orders are canceled before resuming. It isn't super rare but rather an exception. I'd guess bitcoin has had many spikes similar to what can be seen daily on a stock exchange. It doesn't have to be a computer glitch or even HFT. Computer trading programs and algos or w/e else require someone watch over them. Also human mistake when entering an order can send the stock into treshold.

On December 18 2013 05:18 Daut wrote: theres the dropoff to 400 that i was looking for, unfortunately bought some earlier at 540/670, but now its definitely BUY BUY BUY BUY BUY time

Finding myself agreeing with all your posts lately.

On December 18 2013 20:26 Nagual wrote:

hello mr casino squared!

don't kill me

fortunately for you forgetting passwords on LP and/or multiaccounting arent crimes!

Dogecoins ftw.

To the moon!