Bitcoin thread anyone?

Ok, i cancelled the $100 localbitcoins transactions after two hours after messaging the seller and no reply. It turns out Armory version 0.88.1-beta was a memory hog that could not work within a 4 GB RAM space like mine. it took about two days to download the blockchain! And could never completely scan transaction history. I'm now going to go ahead with version 0.89.99.14-testing which promises much better performance. Blockchain download should be 30 min to 3 hours and only need about 2 GB RAM.

I also got Multibit and Coinbase going, but not fast enough to complete that transaction. Just as well because i the difference between then an now is 675 - 492 = 183!

I've noticed something. My local seller has his account set up to track MtGox prices. So it appears to me that he is arbing out to the street, and back in via BTC-e. Nice!

Edit:
Btw, when i went into my big commercial bank downtown today, the teller told me that branch was closing and only one employee had a sure position at another branch. Are you thinking what i'm thinking?
 
In 35 hours it is down by 50%.....Around 470 now, after hitting 453.....

Oh, how far the mighty has fallen...

As long as price has been going up, using Coinbase for aquiring coins was an excellent way to hold and wait, because they keep their word of delivering the coins at the promised (and much lower) price. Of course when price is falling, this works against the buyer.

It all depends if you are a believer or a realist...
 
Re: Coinbase

In signing up with Coinbase, i got this message:

Quote from Coinbase:


Due to higher than normal buy volumes, we are unable to provide exact price quotes right now.

Instead of pausing buys entirely, we decided to give people the option to purchase bitcoin at the market price in a few days. Once your USD funds arrive, we will exchange them to bitcoin at the market price at approximately Tuesday Nov 26, 2013 at 04:20AM PST.

Note that you can cancel your order at any time up until your bitcoin arrive from the transfer history page.

The market price of bitcoin changes frequently. Below are some recent prices to give you an idea. These do not guarantee what the price will be in a few days.
More...

What? This only makes sense to a buy-and-holder. It could go either way and work out. But i don't understand the logic of this.
 
Quote from Good1:

But i don't understand the logic of this.
More...

I think they are extremely nice and don't want people to get stuck with a price of 800, when the current price is under 500. Thus they allow cancellation up to delivery. I am not sure it is a very good business model, but certainly very nice...
 
Ok, Armory version 0.89.99.14-testing worked just fine on my Win7 4GB ram system. Got it all done in 7 to 8 hours and didn't slow computer down at all.

Now i'm working on getting funds to BTC-e, it's quite an oddessy. I think i want to avoid buying local and just get the best rate. MtGox is taking it's sweet time (days) to verify my documentation.
 
Quote from Pekelo:

In 35 hours it is down by 50%.....Around 470 now, after hitting 453.....

Oh, how far the mighty has fallen...

As long as price has been going up, using Coinbase for aquiring coins was an excellent way to hold and wait, because they keep their word of delivering the coins at the promised (and much lower) price. Of course when price is falling, this works against the buyer.

It all depends if you are a believer or a realist...
More...

I thought you were a true beleiver? which is it?
 
Quote from Good1:

Re: Coinbase

In signing up with Coinbase, i got this message:



What? This only makes sense to a buy-and-holder. It could go either way and work out. But i don't understand the logic of this.
More...

Perfect logic, they know that bitcoin buyers are idiots.
 
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