This also makes the exchanges a crappy place to buy BTC to gamble with, because you're getting dicked with a pretty steep fee.
I see right now BTC has fallen farther and is about $14.5k. It's going for $15.3k on Gemini right now and $15.4k on Coinbase. That's like a 6-7% markup. Yuck. Might as well just pay the Bovada credit card fee.
If you have an account / money on coinbase, go to gdax instead and trade there. It's owned by coinbase so your accounts and balances show up there just like coinbase.Originally Posted by Dan Druff
You will be able to see the full market depth and because you are trading on the exchange floor the spreads are much narrower.
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After hours of youtube videos, I have come to the conclusion that this is all just a JP Morgan patent run amuck........but why haven't they shut this down if it's literally threatening their entire system of fraud.........Oh and coinbase just got a nasty letter from the IRS...
"Druff would suck his own dick if it were long enough"- Brandon "drexel" Gerson
"ann coulter literally has more common sense than pfa."-Sonatine
"Real grinders supports poker fraud"- Ray Davis
"DRILLED HER GOOD"- HONGKONGER
And note to the coinbase CEO , when you are trying to pitch bitcoin, spare me the technical vernacular.....
"Druff would suck his own dick if it were long enough"- Brandon "drexel" Gerson
"ann coulter literally has more common sense than pfa."-Sonatine
"Real grinders supports poker fraud"- Ray Davis
"DRILLED HER GOOD"- HONGKONGER
Yes. The offshore sites use the price of bitcoin found on bitstamp, so you pretty much have to wait for the USA exchange premium to disappear if you don't want to get fucked.
Word on the street is bail out. Heading below 10000
Lots of rumors etc.
In the stock market, all the brokerages get the price of individual stocks from the same database. So the price of apple stock is the same at E-Trade, Schwab, Fidelity, etc. Unfortunately, no central database exists for Bitcoin. So each exchange is kind of like its own individual stock market. The traders within that exchange set the price.I understand that, but why is the price inflated above everything else I see online regarding the value of BTC at the moment?
So take Gemini. There's a shitload of people on there with BTC to sell. None are willing to sell for less than $15.4k, even when the actual price is $15k.
Is there seriously no one who is happy to just get parity (or maybe parity + fees) when they sell?
I'm just surprised there aren't people selling for lower. It also probably doesn't help that Gemini just auto-sets the price at that level unless you manually change it, so some people probably aren't even aware they're selling for a premium.
So it looks like you will get a few % bump if you cash out of a gambling site in BTC, then send it to Gemini/Coinbase, then sell it, right?
Try explaining that to a customer who thinks you ripped them off because they paid the coinbase price but their app is showing them the dollar value at bitstamp prices.
Bloomberg is reporting that the top 1,000 BTC addresses control 40% of the total circulation (approx. 6.4 million BTC out of 16 million already out there)
Top 100 BTC addresses control 17.9%...roughly 2.85 million BTC
and probably half+ those addresses are quietly owned by elon musk.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Fake News. Those addresses belong to the major exchanges that hold customer coins.
Fake News. Those addresses belong to the major exchanges that hold customer coins.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Rumors about Bitfinex and a Ponzi scheme driving up the price.
Problem is it likely is true, but it hasn't slowed down Bitcoin prices before.
BTC dipped under 13k for a minute today.
Druff should have put in a lowball offer on one of these exchanges that let you do it and let it wait out.
Rumors about Bitfinex and a Ponzi scheme driving up the price.
Problem is it likely is true, but it hasn't slowed down Bitcoin prices before.
this is the cogest.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
How does a lowball offer help me?
It's more likely it will auto-accept during a crash and then I'll be stuck with BTC worth a lot less than what I paid.
Yes, if I happen to set it near the bottom before it bounces, I can be okay, but I think the other side is more likely.
Either way, I don't want to buy BTC at 6% more than the market rate at the moment (and the rate I will get paid by gambling sites when I deposit them).
just to mess around, i bought 10 litecoins in september for around $60 each and they're now at over $150 on coinbase. went up $28 a coin yesterday
hoping they take off bitcoin style
CNN ran a front page article that bitcoin dropped 2k.... Of course its going to crash it double in price in like 2 weeks.... I hate to say it but mainstream media extremely biased. Until bitcoin is running below 2k it really doesn;t matter. It's still giving amazing long term returns.
This is coming from someone who sees very little value in bitcoin long term as I've explained numerous times. But the media is really terrible when it comes to bitcoin...
I doubt any networks want to have to explain how they had no coverage of bitcoin once the suicides begin in earnest. Expecting them to make sense of multi-billion dollar economy based on this is asking a bit much:
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
It is a great time to cash out from these sites because they will send you coins at bitstamp prices and you can dump them on coinbase. Very Jewish friendly. Not so much the other way around.How does a lowball offer help me?
It's more likely it will auto-accept during a crash and then I'll be stuck with BTC worth a lot less than what I paid.
Yes, if I happen to set it near the bottom before it bounces, I can be okay, but I think the other side is more likely.
Either way, I don't want to buy BTC at 6% more than the market rate at the moment (and the rate I will get paid by gambling sites when I deposit them).
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