The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Free registration at the forum removes this block.

Cryptocurrency Experience

Anything related to bitcoin, crypto, blockchain

rexxkai

Lazy Noob
Read Fastlane!
User Power
Value/Post Ratio
37%
Apr 1, 2011
247
91
Vancouver, BC, Canada
Hey guys- what's the best charting software out there that charts ALL of these? And, as someone who's not familiar, how tight is the spread on these?
Bitcoinwisdom.com charts has a couple of the major coins.
As for the spread, very small, or large depending how many ppl are interested in the coin.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

rexxkai

Lazy Noob
Read Fastlane!
User Power
Value/Post Ratio
37%
Apr 1, 2011
247
91
Vancouver, BC, Canada
"
Wolong ‏@GameOfDeception 16h

Grats to those who trusted me and got in early When traders from dogecoin comes in, I see UNO easily above 0.3, yes 0.3 not 0.03"

I don't know if this wolong character is for real or not. Now I'm waffling wondering if I should build my UNO position back up and buy back what I sold. A couple weeks ago I was buying this stuff at .003x and now this guy is talking about .3. That's crazy.
I remember Wolong talked about TES being undervalued and it should be worth higher. But when I checked coinedup.com graphs, the price went nowhere. All I see is a pump and dump.

Whether wolong's plan works depends on the ppl. What Wolong does is similar to a longer term pump and dump. Because all Wolong is doing is buying, then building up hype, the crowd buys that coin, and Wolong can dump on them, and then he's made a profit. Except he doesn't dump as aggressively as normal pump and dumpers.

Also, because he has millions of dollars, he needs to use this strategy in order to earn a decent return, since most coins don't have much volume to them.
 
G

Guest3722A

Guest
Bitcoinwisdom.com charts has a couple of the major coins.
As for the spread, very small, or large depending how many ppl are interested in the coin.
Thanks. I just took a look at that site. I like that it's streaming with quotes. Very cool. Do you by chance (or anyone else) know if this site - or another one has more indicators like channels and emas?

Also, are these just a person to person type of trading system, or is there a specialist of some sort that takes all of the trades and distributes them? Who takes the spread? Thanks
 

PSK

Bronze Contributor
User Power
Value/Post Ratio
49%
Oct 18, 2013
229
113
UK
I remember Wolong talked about TES being undervalued and it should be worth higher. But when I checked coinedup.com graphs, the price went nowhere. All I see is a pump and dump.

Whether wolong's plan works depends on the ppl. What Wolong does is similar to a longer term pump and dump. Because all Wolong is doing is buying, then building up hype, the crowd buys that coin, and Wolong can dump on them, and then he's made a profit. Except he doesn't dump as aggressively as normal pump and dumpers.

Also, because he has millions of dollars, he needs to use this strategy in order to earn a decent return, since most coins don't have much volume to them.

Indeed.

Didn't Wolong say he was abandoning DOGE and yet its gone over .200 since his departure?

I think he holds some influence in the initial stage (i.e. 'I'm going into UNO'), but then after that it is determined by market forces.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

CryptO

Gold Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
101%
Apr 20, 2012
1,170
1,180
The Blockchain
http://bitcoinwisdom.com/markets/btce/btcusd


WTF!!!!

MT GOX PRESS RELEASE

Dear MtGox Customers and Bitcoiners,

As you are aware, the MtGox team has been working hard to address an issue with the way that bitcoin withdrawals are processed. By "bitcoin withdrawal" we are referring to transactions from a MtGox bitcoin wallet to an external bitcoin address. Bitcoin transactions to any MtGox bitcoin address, and currency withdrawals (Yen, Euro, etc) are not affected by this issue.

The problem we have identified is not limited to MtGox, and affects all transactions where Bitcoins are being sent to a third party. We believe that the changes required for addressing this issue will be positive over the long term for the whole community. As a result we took the necessary action of suspending bitcoin withdrawals until this technical issue has been resolved.


Addressing Transaction Malleability
MtGox has detected unusual activity on its Bitcoin wallets and performed investigations during the past weeks. This confirmed the presence of transactions which need to be examined more closely.


Non-technical Explanation:
A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate this issue.


Technical Explanation:
Bitcoin transactions are subject to a design issue that has been largely ignored, while known to at least a part of the Bitcoin core developers and mentioned on the BitcoinTalk forums. This defect, known as "transaction malleability" makes it possible for a third party to alter the hash of any freshly issued transaction without invalidating the signature, hence resulting in a similar transaction under a different hash. Of course only one of the two transactions can be validated. However, if the party who altered the transaction is fast enough, for example with a direct connection to different mining pools, or has even a small amount of mining power, it can easily cause the transaction hash alteration to be committed to the blockchain.

The bitcoin api "sendtoaddress" broadly used to send bitcoins to a given bitcoin address will return a transaction hash as a way to track the transaction's insertion in the blockchain.
Most wallet and exchange services will keep a record of this said hash in order to be able to respond to users should they inquire about their transaction. It is likely that these services will assume the transaction was not sent if it doesn't appear in the blockchain with the original hash and have currently no means to recognize the alternative transactions as theirs in an efficient way.

This means that an individual could request bitcoins from an exchange or wallet service, alter the resulting transaction's hash before inclusion in the blockchain, then contact the issuing service while claiming the transaction did not proceed. If the alteration fails, the user can simply send the bitcoins back and try again until successful.

We believe this can be addressed by using a different hash for transaction tracking purposes. While the network will continue to use the current hash for the purpose of inclusion in each block's Merkle Tree, the new hash's purpose will be to track a given transaction and can be computed and indexed by hashing the exact signed string via SHA256 (in the same way transactions are currently hashed).

This new transaction hash will allow signing parties to keep track of any transaction they have signed and can easily be computed, even for past transactions.

We have discussed this solution with the Bitcoin core developers and will allow Bitcoin withdrawals again once it has been approved and standardized.

In the meantime, exchanges and wallet services - and any service sending coins directly to third parties - should be extremely careful with anyone claiming their transaction did not go through.

Note that this will also affect any other crypto-currency using the same transaction scheme as Bitcoin.


Conclusion
To put things in perspective, it's important to remember that Bitcoin is a very new technology and still very much in its early stages. What MtGox and the Bitcoin community have experienced in the past year has been an incredible and exciting challenge, and there is still much to do to further improve.

MtGox will resume bitcoin withdrawals to outside wallets once the issue outlined above has been properly addressed in a manner that will best serve our customers.

More information on the status of this issue will be released as soon as possible.

We thank you for taking the time to read this, and especially for your patience.

Best Regards,
MtGox Team

RESONSE ON BTCTALK

Quote from: Rannasha on Today at 10:37:42 AM
The flaw isn't so much in Bitcoin as it is in exchange-systems. Many exchanges use the tx-id to uniquely identify transactions, but as it turns out, an attacker can change the tx-id without changing the actual transaction, rebroadcast the changed transaction (effectively creating a double-spend) and if his altered transaction gets accepted into a block instead of the legit transaction, the attacker receives his coins and can complain with the exchange that he didn't. The exchange will then check their db, fetch the tx-id from it, look it up in the blockchain and not find it. So they could conclude that the transaction indeed failed and credit the account with the coins.

A simple workaround is to not use the tx-id to identify transactions on the exchange side, but the set of (amount, address, timestamp) instead. If a user complains about not receiving their withdrawal, support can look it up using these 3 variables. It takes a little bit more work from support, but it prevents this attack from succeeding.

While it'd be nice if the tx-id isn't malleable, blaming this problem on a flaw in the protocol is quite a stretch.
 
Last edited:

CryptO

Gold Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
101%
Apr 20, 2012
1,170
1,180
The Blockchain
PROPOSED BITCOIN UPGRADE

pipa's suggestion for fixing some issues, which are related to MtGox statement from 2/10/2014.

https://gist.github.com/sipa/8907691

Quote
This document specifies proposed changes to the Bitcoin transaction validity rules in order to make malleability of transactions impossible (at least when the sender doesn't choose to avoid it).
Quote

==Abstract==

This document specifies proposed changes to the Bitcoin transaction validity rules in order to make malleability of transactions impossible (at least when the sender doesn't choose to avoid it).

==Motivation==

As of februari 2014, Bitcoin transactions are malleable in multiple ways. This means a (valid) transaction can be modified in-flight, without invalidating it, but without access to the relevant private keys.

This is a problem for multiple reasons:
* The sender may not recognize his own transaction after being modified.
* The sender may create transactions that spend change created by the original transaction. In case the modified transaction gets mined, this becomes invalid.
* Modified transactions are effectively double-spends which can be created without malicious intent (of the sender), but can be used to make other attacks easier.

Several sources of malleability are known:

# '''Inherent ECDSA signature malleability''' ECDSA signatures themselves are already malleable: taking the negative of the number S inside (modulo the curve order) does not invalidate it.
# '''Non-DER encoded ECDSA signatures''' Right now, the Bitcoin reference client uses OpenSSL to validate signatures. As OpenSSL accepts more than serializations that strictly adhere to the DER standard, this is a source of malleability. Since v0.8.0, non-DER signatures are no longer relayed already.
# '''Superfluous scriptSig operations''' Adding extra data pushes at the start of scripts, which are not consumed by the corresponding scriptPubKey, is also a source of malleability.
# '''Non-push operations in scriptSig''' Any sequence of script operations in scriptSig that results in the intended data pushes, but is not just a push of that data, results in an alternative transaction with the same validity.
# '''Push operations in scriptSig of non-standard size type''' The Bitcoin scripting language has several push operators (OP_0, single-byte pushes, data pushes of up to 75 bytes, OP_DATAPUSH, OP_DATAPUSH2, OP_DATAPUSH4). As the later ones have the same result as the former ones, they result in additional possibilities.
# '''Zero-padded number pushes''' In cases where scriptPubKey opcodes use inputs that are interpreted as numbers, they can be zero padded.
# '''Inputs ignored by scripts''' If a scriptPubKey starts with an OP_DROP, for example, the last data push of the corresponding scriptSig will always be ignored.
# '''Sighash flags based masking''' Sighash flags can be used to ignore certain parts of a script when signing.

The first six can be fixed by extra consensus rules. The last two can't, but are always under control of the (original) sender.

==Specification==

===New rules===

Six extra rules are introduced, to combat exactly the six first sources of malleability listed above:
# '''Inherent ECDSA signature malleability''' We require that the S value inside ECDSA signatures is at most the curve order divided by 2 (essentially restricting this value to its lower half range). To convert another signature, simply take the complement of the S value (modulo the curve order).
# '''Non-DER encoded ECDSA signatures''' All ECDSA signatures must be encoded using strict DER encoding.
# '''Superfluous scriptSig operations''' scriptPubKey evaluation will be required to result in a single non-zero value. If any extra data elements remain on the stack, the result is invalid.
# '''Non-push operations in scriptSig''' Any non-push operation in a scriptSig invalidates it.
# '''Push operations in scriptSig of non-standard size type''' The smallest possible push operation (including OP_0 for an empty byte vector, or the direct pushes of a single byte) must be used when possible. Using any push operation that could be encoded in a shorter way invalidates it.
# '''Zero-padded number pushes''' Any time a script opcode consumes a stack value that is interpreted as a number, it must be encoded in its shortest possible form. 'Negative zero' is not allowed.

===References===

Below is a summary of the effects on signatures, their encoding and data pushes.

====Low S values in signatures====

The value S in signatures must be between 0x1 and 0x7FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF5D576E7357A4501DDFE92F46681B20A0 (inclusive). If S is too high, simply replace it by S' = 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364141 - S.

The constraints on the value R is unchanged w.r.t. ECDSA, and can be between 0x1 and 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364140 (inclusive).

====DER encoding====
For reference, here is how to encode signatures correctly in DER format.

0x30 [total-length] 0x02 [R-length] [R] 0x02 [S-length] [sighash-type]
* total-length: 1-byte length descriptor of everything that follows, excluding the sighash byte.
* R-length: 1-byte length descriptor of the R value that follows.
* R: arbitrary-length big-endian encoded R value. It cannot start with any 0x00 bytes, unless the first byte that follows is 0x80 or higher, in which case a single 0x00 is required.
* S-length: 1-byte length descriptor of the R value that follows.
* S: arbitrary-length big-endian encoded S value. The same rules apply as for R.
* sighash-type: 1-byte hashtype flag (only 0x01, 0x02, 0x03, 0x81, 0x82 and 0x83 are allowed).
This is already enforced by the reference client as of version 0.8.0 (only as relay policy, not as a consensus rule).

====Shortest possible data pushes====
For reference:
* Pushing an empty byte sequence (or the number 0) must use OP_0.
* Pushing a single byte sequence of byte 0x01 through 0x10 (or the numbers 1 through 16) must use OP_n.
* Pushing the byte 0x81 (or the number -1) must use OP_1NEGATE.
* Pushing any other byte sequence up to 75 bytes must use the normal data push (opcode byte n, with n the number of bytes, followed n bytes of data being pushed).
* Only pushes of more than 75 bytes can use OP_DATAPUSH.
* Only pushes of more than 255 bytes can use OP_DATAPUSH2.
* OP_DATAPUSH4 can never be used, as pushes over 520 bytes are not allowed, and those below can be done using OP_DATAPUSH2.

==Compatibility==

'''Version 3 blocks and transactions''' To introduce these new rules in the network, we add both nVersion=3 blocks and nVersion=3 transactions (nVersion=2 transactions are skipped in order to keep the version numbers synchronized).

'''Relay of transactions''' A new node software version is released which makes nVersion=3 transactions standard, and relays them when their scriptSigs satisfy the above rules. Relaying of nVersion=1 transactions is unaffected. An nVersion=1 transaction spending an output created by an nVersion=3 transaction is also unaffected.

'''Block validity''' In addition, the same mechanism as in BIP 0034 is reused to introduce nVersion=3 blocks. When 75% of the past 1000 blocks are nVersion=3, a new consensus rule is activated which requires nVersion>=3 transactions in nVersion>=3 blocks (and only that combination) to follow the above rules. An nVersion>=3 block with an nVersion>=3 transaction whose scriptSig does not follow the new rules, becomes invalid. When 95% of the past blocks are nVersion>=3, nVersion=2 blocks become invalid entirely. Note however that nVersion=1 transactions remain valid forever.

'''Wallet updates''' As nVersion=3 transactions are non-standard currently, it is not possible to start creating them immediately. Software can be checked to confirm to the new rules of course, but setting nVersion=3 should only start when a significant part of the network's nodes has upgraded to compatible code. Its intended meaning is "I want this transaction protected from malleability", and remains a choice of the wallet software.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

exige

Bronze Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
57%
Aug 20, 2013
488
276
Bucks County, PA
So Mt. Gox has essentially manufactured the crisis out of nothing, picking up on some old well documented issue and using it to fabricate some cockamaimy story around. The question is why? Are they trying to buy up cheap Bitcoin? What's the purpose?
 
G

Guest3722A

Guest
Be careful with something that's media driven. JS...

Does anyone know of a solid charting site that has ALL of the usual indicators like bands, chanels and emas? Not interested in fib retracements and fans... There doesn't seem to be too much out there.
 

JayKim

Bronze Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
38%
Sep 4, 2008
859
326
Colorado Springs
So Mt. Gox has essentially manufactured the crisis out of nothing, picking up on some old well documented issue and using it to fabricate some cockamaimy story around. The question is why? Are they trying to buy up cheap Bitcoin? What's the purpose?


~C4Chaos ‏@c4chaos 3m
why #MtGox is a big crock of shit. ~ http://cryto.net/~joepie91/blog/2014/02/10/why-mtgox-is-full-of-shit/… #Bitcoin pic.twitter.com/xhp5jiRKkk

"These are just a few examples of the past incompetence and lack of responsibility on the part of Mt. Gox; and now they are shifting the blame for their own faulty implementation to the Bitcoin protocol, possibly causing significant misinformation amongst the general public, just to avoid having to admit that they did something wrong.

The time to stop using Mt. Gox has been long overdue. Move your business to a more serious exchange, one that is willing to admit their failures, should they occur. One that has the best interests of the entire Bitcoin ecosystem in mind, rather than their own bottom line."



b bitcoin andreas.png


Bryce Weiner‏@BryceWeiner
MtGox is lying. This is a quiet deal on Wall St to buy out the bitcoin MtGox is holding while not driving the price up doing it. #TinFoilHat


  1. Conspiracy Chef ‏@TConspiracyChef 5h
    @BryceWeiner hey!!!! I'm the one with conspiracy in my name!!!

  2. Monica80 ‏@Coingrl80 4h
    @victoriavaneyk @BryceWeiner Grab the popcorn ladies and gentlemen, today will be a heck of a day from what I am seeing on twitter :)
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.
Last edited:

mememan

Bronze Contributor
User Power
Value/Post Ratio
37%
Oct 16, 2013
485
178
So I don't understand why BTC dipped below $100 and how people could take advantage of it. When the order was placed, how was it distributed through the order book?
 

JayKim

Bronze Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
38%
Sep 4, 2008
859
326
Colorado Springs
How to Pick & Trade the Next Profitable Altcoin: An Insight into What Goes Through my Mind

http://alunacrypto.blogspot.nl/2014...xt-profitable-altcoin-bitcoin-daytrading.html

"I bought a ton of Dogecoin at 30 satoshi when I first saw the /r/Dogecoin community grow to 2500 subscribers 1 week after launch, which was way more than most other coins at that time (most new altcoin subreddits get less than 50 subscribers in 1 week). Dogecoin has even surpassed Litecoin to be the second largest cryptocurrency subreddit with over 50k rich shibes right now. I'd love to go on talking about why Dogecoin has much future, but I'll leave that for another post."


Trading Tips
#0: Don't join Pump & Dumps, period.
For someone to make money, someone else has to lose. Don't be the one caught with the short end of the stick.

#1: Always trade with a plan. Before entering a trade, plan not only your entry but also your exit. Don't fall into the trap of panic buying/selling. Once you get over that, everything will start to come together.

#2: Discipline. Be patient and wait for good setups. Plenty of opportunity everyday, don't spread too thin. On a side note, I can't wait for a margin platform for altcoins to be built. If you're building one, hit me up and let see how we can work together (I'm a Business Development and Online Marketing Major).

#3: Money management. Don't spend more than 5-10% of your entire BTC portfolio on a single Altcoin, unless you're damn sure it's gonna be profitable in the mid-long term.

#4: Understand human psychology. Here's a good 5 part series to get you started:



"Trying to predict a bottom/top. Nobody can predict exactly where the price is going next, only a better and more informed guess. I personally think this is the toughest problem to tackle, because when greed takes over, you always think "I could have made so much more if only I sold higher or bought lower".

Alvin Lee @onemanatatime
Follow

"Great Traders never buy at the Bottom and always Sell too Early."

My Current Altcoin Watchlist
Long Term

Mid Term
Others (Not so impressive but still watching):

  • MaxCoin. Way overpriced. Could probably fall 10x-100x. Wait and see where the bottom is.
  • KarmaCoin. Decently priced. I think 1 to 2 Satoshi is definitely a steal. Provided this coin can gain enough traction for a bubble.
FAQ
1. How do you feel about XYZ coin?

First of all, there are over 100 altcoins out there, so don't expect me to know about every coin. If it's an exactly clone of Bitcoin, Litecoin, or anything already available, chances are,it's not worth either of our time.

Secondly, read my tweets and do your own research (lazy = poor). If its worth mentioning, I probably did mention it. If you can't find it on my timeline because its too cluttered, again, do a Twitter search for the Altcoin and find out what the World has to say about it.

Thirdly, there's 100s of altcoins out there for you to choose from. Don't spread yourself too thin and buy into every possible bottom. Leave the shitcoins to die, and stick to altcoins with a stronger fundamentals.
 
Last edited:

CryptO

Gold Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
101%
Apr 20, 2012
1,170
1,180
The Blockchain
Switched around my strategy over the last couple of days, and have entered into a slightly wider spread than of late:

MINT
KARMA
UTC
SMC

SMC and MINT have cost me the most are well down from my entry price. I rookied and rushed in and got mint at 12 sats (that's pehaps what I thought it was worth and not everybody else). In hindsight I should of let the hype and initial rarity calm down before purchasing, but I still have high hopes for it and expect it to recover.

UTC is the only one I am slightly up on, but my strategy is that one of these coins will spike on cryptsy or elsewhere and make up for the others.

Experiencing periods of loss is not nice and I can't wait til the next victory!

Also, mined about 120 maxcoins over the last couple of days.

Good idea to sell MAX now for about 0.22 btc? Probably, but I keep thinking that it will get pumped on the next Keisershow and all the sheeple will be buying in like crazy. Going to hold a bit longer to find out. Still WAY over valued though and would be scared sinking allot of BTC into it.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

biggeemac

Gold Contributor
Speedway Pass
User Power
Value/Post Ratio
150%
Jun 25, 2011
826
1,236
48
Is mint on any exchanges? Been looking, but I haven't been able to find it
 

PSK

Bronze Contributor
User Power
Value/Post Ratio
49%
Oct 18, 2013
229
113
UK
Is mint on any exchanges? Been looking, but I haven't been able to find it

https://www.mintpal.com/market/MINT/BTC
https://www.newaltex.com/exchange/mint_btc
https://coin-swap.net/

It is available on these exchanges.

Not mainstream exchanges and I cannot personally vouch for them as I have not used them before.

Perhaps Alty or another member can comment on these exchanges.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

PSK

Bronze Contributor
User Power
Value/Post Ratio
49%
Oct 18, 2013
229
113
UK
Why exactly did BTC drop the the $100?

I'm guessing it is either a bot (automatically stemming losses) or a case of 'fat fingers'.

Whatever the reason, it is unlikely they are going to out themselves for such a silly mistake. I just wish we had the capability in the UK to instantly trade uncapped GBP for BTC, coulda made some money yesterday.
 

CryptO

Gold Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
101%
Apr 20, 2012
1,170
1,180
The Blockchain
https://www.mintpal.com/market/MINT/BTC
https://www.newaltex.com/exchange/mint_btc
https://coin-swap.net/

It is available on these exchanges.

Not mainstream exchanges and I cannot personally vouch for them as I have not used them before.

Perhaps Alty or another member can comment on these exchanges.

mintpal and newaltex seem fine but the latter has got some piss poor volume.

coin-swap you have to be careful. Simply because you can easily pay over the current market price for something.

An example. 400,000 mint on coinswap is being offered for 20,000 doge

400,000 mint can be bought on Mint Exchange for 0.02 btc

20,000 doge can be sold on cryptsy for 0.04btc (which you could then take to mintpal and buy 800,000 MINT)

So if you did that deal you'd clearly be losing out.

Just do the maths beforehand on coin-swap maybe sometimes it works the other way round.
 

PSK

Bronze Contributor
User Power
Value/Post Ratio
49%
Oct 18, 2013
229
113
UK
mintpal and newaltex seem fine but the latter has got some piss poor volume.

coin-swap you have to be careful. Simply because you can easily pay over the current market price for something.

An example. 400,000 mint on coinswap is being offered for 20,000 doge

400,000 mint can be bought on Mint Exchange for 0.02 btc

20,000 doge can be sold on cryptsy for 0.04btc (which you could then take to mintpal and buy 800,000 MINT)

So if you did that deal you'd clearly be losing out.

Just do the maths beforehand on coin-swap maybe sometimes it works the other way round.

Agreed Alty.

Some good advice there. Always do the math.

For would be traders, I would recommend getting use to Excel spreadsheets and simple formula's. Much prefer this over a calculator. And don't forget, with calculations, all decimal points count!
 

Jake

Platinum Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
148%
May 15, 2011
1,801
2,669
41
Bangkok
So.. someone transferred over $25,000,000 worth, with 0 fees.

https://blockchain.info/tx/369e26689af06471241a827a8a46332a1191f2c25ad8fbf3b643b2d8c9b07c4c

I'm still amazed. I get raped sending under $10k worth of currency between my bank accounts and get stuck waiting for days. This guy clicks a button and zaps $25mil anywhere in the world that he pleases, damn near instantly.

Bitcoin (or cryto in general) is going to make being an expat so much easier
 

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top