Bittrex VIA/BTC Charts - BitcoinWisdom

Bitcoin Denmark

Dette subreddit er oprette for at give danske bitcoin brugere og virksomheder et forum til nyheder.
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Todo sobre Bitcoin en Argentina

Un lugar para discusiones relacionadas a Bitcoin y la República Argentina.
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Bitcoin USA

The official reddit Bitcoin Community for these United States of America!
[link]

Ask r/Bitcoin: Is there anything like Bitcoinity or BitcoinWisdom for Coinbase?

I do everything on Coinbase with instant transfers, so Bitcoinity, BitcoinWisdom, and the others don't really help me track the price since they only focus on either Mt Gox, Bitstamp, and others. Howmuchisafuckingbitcoin.com does a pretty good job, but there's no plot. I've been using the BTCReport iPhone app for Coinbase, which is really good, but it's not interactive like the others. Any suggestions?
submitted by rafmoney to Bitcoin [link] [comments]

Coinbase, Blockchain.info, BitPay, BitcoinWisdom, Bitstamp, and all the other biggest bitcoin companies should pick a date and all switch to "bits" as the default at the same time.

I've been thinking more about how we can promote "bits" over "bitcoins." Something that makes it difficult is that all newbies setting up their first wallet see bitcoin by default, and have to switch over to something else manually. It doesn't help that none of the big players are willing to switch their defaults, since they'll be the odd one out and seem strange.
To solve that, they should all collaborate and pick a date to switch their defaults. This way they'll all be on equal footing - it's not something that helps any one business in particular over the others, so there's no reason not to do it. Additionally, the psychological effect of having more units of the currency would help propel more adoption of bitcoin, and so more users for all of them.
What do you think? We should petition these companies to collaborate and make the change in unison.
submitted by seven_five to Bitcoin [link] [comments]

Utter Shenanigans Occurring on Coinbase Exchange: 30,000+ BTC Volume In Hours out of Nowhere

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Over at burgeoning US-based bitcoin spot exchange Coinbase, some interesting action was going on as we were climbing up today in price: there was 30,000 BTC transacted in a matter of hours. Graph here
Here's a closer look at the action so you can see just how absurd it was: chart here
The spread is $10 in 5-minute candles that are showing up to 2,000 BTC volume, then the exchange dies, and as soon as it comes back it does more. It resembles the activity we see on the OKCoin volumyzer, and recently over at Bitstamp.
Are all exchanges adopting shady practices to hype volume, following in the steps of the Chinese?
It could just be a new bot that is going wild, or it could be related to recent incentives they have put for volume rebates.
No matter what's going on, this is really bizarre market activity that warrants an explanation from Coinbase management.
What do you guys think?
submitted by Bitcoin_Markets to BitcoinMarkets [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome To The /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:
For lots of additional video resources check out the videos wiki page.

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. A good list of exchanges sorted by region can be found on the exchanges wiki here.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in a 24/7/365 balance of supply vs demand. Here are a couple useful sites [1] and [2] that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Where can I spend bitcoins?

An extensive list can be found at TheBitcoinPage.com but some of the key ones are below:
Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock Everything under the sun
Gyft Gift cards for thousands of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, etc.
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair and 9flats For when you need to get away
Wordpress, Namecheap, Mullvad and PIA Handy web services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle and GreenmanGaming For when you need to get your game on
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun hobby but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The friendly folks at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide.

Securing your bitcoins

With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance.
If you prefer to have direct control over your coins without having to use a trusted third party there are many options in the wallets wiki.
For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access.
Android 2FA
iOS 2FA

Earning bitcoins

Just like any other form of money, you can earn bitcoins by working for them. Here are a few resources for bitcoin jobs.

Tipping

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common ones are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (ml) or millimeter (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μl) or micrometre (μm)
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. If you're looking for more advanced information, an extensive list of (frequently updated) bitcoin related, peer-reviewed, research papers can be found here.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending mod approval. The original sticky can still be found here.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

My biggest regret, a saved email from 2013.

12/20/13 K: Hey man, it's K. Is your name D? Anyway...getting money onto BTC-e can be tricky if you are trying to deposit USD. I kind of just had to learn by trial an error because I didn't know anyone that could teach me, because i am the only one that invests in crypto currency that I know.
Anyway, coinbase is probably the best bitcoin wallet service in the United States. It is definitely the largest and most reputable. Use this referral link: Once you sign up using this link, it will give us both some free money after you have purchased some bitcoins. The process takes a little while to get all started up, but it is worth it because it is so easy to use after. You can instantly buy bitcoins, and then use those bitcoins to send to BTC-E to purchase whatever other coins you want. I invest pretty heavily in LTC. The only way I have been able to do that is by buying bitcoins on coinbase, and then sending them to btc-e. Let me know if this works for you..
K: Let me know if the email reached you
D: Yep. I got it. Two to three days for the deposit verification into my bank account. Thanks for the advice. I take it you work in finance?
K: Yeah I do :). Coinbase takes a bit for the verification process but it is super easy to use after that. When you sell bitcoins, they just deposit the money right back into your bank account. It's the easiest service that I have found that is reputable.
D: Have you ever tried trading for small margins? I made about 0.60 USD since I started last night. I got my initial funding by mining FTC. I'm trading BTC.
D: Actually up to 10.81 after my last trade. Got in at 625 and sold at 639.
K: I mainly buy and hold for long term. I bought some NMC to flip, but it dropped in value steeply so im still holding it. I buy more every time it dips. Sent via wireless, please excuse any typos...
D: Cool. No worry about typos. I type all day at work so don't mind as well. I give up on accuracy at 5. My friends also aren't very much into crytpo currencies. I like the technical aspect but I'm more interested in trading on BTC-E. I must have watched about 12 hours of bitcoinwisdom since yesterday. It was my first time analyzing real time data. I can't believe how much info you can obtain just from identifying patterns. I have a quick question about a 401k if you don't mind. So far my year to date is 26%, is that good?
K: Yes, very good. You must have had it set up aggressively with the investing choices (which is better to do when you are young). Good stock market returns are around 12% so you are more than double, but don't be surprised if there is a correction to lower on the returns there too.
D: Yes. I'm over 50% in small cap and am young. Is there anyway to avoid that correction by reallocating?
K: Nah, just leave it. At least you have a 401k, most people are paycheck to paycheck
D: Defiantly. I can't imagine how some of my co-workers get by paying overdraft fees each month. Have a good night. I'll let you know when I buy some coins on that site.
K: Cool, let me know. Let's make some money! :)
12/22/13 D: Howdy K, I'm still waiting on the deposits in my bank account by Coinbase. Thanks for the referral link, I'm looking forward to that free $5 of BTC. Up to $12.30 USD on BTCE, looking to break $13 tonight. Can't wait to get some more trading funds.
K: It takes a bit for the initial deposit. I think it took my bank almost a week :(. Once you are done though everything is quick. If you add a credit card too, you can buy up to 10 btc instantly per week
D: Awesome. Have any suggestions? (pic) attaches picture of small gains trade history
K: What do you mean by sugggestions? Like on your trading?
K: Can you deposit more money? It looks like you aren't fully able to enjoy the full gains of your trades because the amounts that you are trading are a little small. If possible I would suggest buying 1 btc when the price is the lowest of the day, and then trade from there..
K: Also i would stay away from ftc for time being
12/24/13 K: Hey bud, i just got some free money from coinbase :) did you get it too? Pretty cool huh?
D: Yes sir. 4 days for my order to fill, can't wait.
12/25/13 D: Merry Christmas!
K: Merry xmas! If you add a credit card you can instant buy up to 10btc. What other coins are you buying right now? I mainly just have BTC and LTC
D: Does the credit card have to be a Visa? I'm mining about 8 FTC per day and trading for BTC at market. Then I trade BTC/USD for 0.10 - 0.40 profits. Working on a spreadsheet right now which you can see if you are interested.
D: spreadsheet sends corny orange and grey spreadsheet
K: Think it can be mastercard or amex too...
K: Nice LTC rally today :). I just picked up more LTC yesterday too
D: I tried adding a mastercard and discover but it wouldn't work. I've been watching the rally. Waiting to buy in to BTC at $656.
K: Shit that sucks, email support and ask if they accept mastercard? I find that odd that they would only accept visa
D: No worries. Deposit should clear 12/31
12/29/2013 K: Hows it going? Did you get your btc?
D: Hey K. Not yet, they will be deposited 12/31. Bought at $651
K: Nice so you are already up :)
K: How much did you buy? You should buy some and hold long term if possible too
1/2/2014 D: Happy New Year, K. I only bought 0.2 BTC for about $131. I'm at a total balance of $179.07. Started mining FTC again for the few extra dollars per day.
I think I read somewhere that there is a cap of 21 million BTC that will ever be in existence. 21 million on the internet is subtle considering how many views cat videos get on youtube. 21 million out 7 billion people is even smaller. Sometimes I find it hard to imagine millions and billions but I always think about this one thing: 1 million seconds is about 11 days, 1 billion seconds around 31 years. I'm very optimistic about the long term. Probably going to set aside at least 1 BTC in the near future.
Have you ever seen BTC listed on ebay? I created an auction yesterday for 0.1 BTC, $120.00. It sold within 3 hours but the buyer flaked out after I told them they would be receiving the BTC-E redeemable code in the mail. They created a dispute stating that the ebay/pal accounts were accessed by an unauthorized third party which is currently in process. I didn't lose anything and actually sold back the 0.1 at $775 after buying at $740 last night. I'm considering re-listing some BTC on Ebay but don't want to deal with reversed payments. Have any insight?
K: I heard ebay can be a nightmare with sellers getting scammed by buyers with chargebacks. If you are going to do it, I would recommend selling maybe paper wallets only, that you actually have to mail to them. That way you can have a tracking number for your shipping. If you want to sell through paypal, be careful, I think any mention of crypto currency can get your account frozen. Not positive about that though. Try selling to people on the forums, I think that would be easy. Honestly, I think just buying what you can and holding long is the best option to make the best returns. Look how the market has gone today D
K: 21 million BTC is not even enough btc for each person in my state to have 1, let alone the United States, or the entire world. As long as the demand stays high, the price could become astronomical if some major players like wall street enter the game. Just think, if Wall Street threw like 100 mill at Bitcoins (which is not that far-fetched), the price would probably jump to like 3-4k per BTC after that 1 day alone…
D: I don't think I'm going to sell anything else on Ebay until I come up with a better way of protecting against charge backs. The market has been awesome today.
D: That's very true. I think my next purchase will be 0.5 BTC to keep in my wallet.
K: Have you seen the stuff on zerocoin? Looks interesting, should be out this year...there has been a lotta hype around it..
D: Haven't heard anything about it until just reading an article now. Looks interesting and they make a good argument about anonymity. I only read over it briefly, but it appears what they're proposing would add an additional transaction fee the the process. Cool concept. Are you good with candlestick charts and patterns?
K: Somewhat. I learned them in college but stopped using them until now, so I am pretty rusty…I get the concepts and all, but I am not a professional at them by any means. I saw my buddies wallet the other day…he is pretty stacked. Over 250btc and over 1000 LTC!
D: That is pretty stacked. About 500k stacked, right? Are you familiar with the creator(s) of bitcoin "Satoshi Nakamoto"? Is it actually one person? There are quite a few claims as to who or whom Satoshi may be.
K: Im not familiar, i heard it was a team of people under that one name
D: I wonder if it was created by a goverment. Like some NSA type agency. Kinda like how the darknet started off as a Navy project.
K: Nah I doubt it. Government wouldn't create something that could possibly pose a threat to its own currency.
D: That's a good point. The future of BTC is exciting.
1/6/2014 D: Started trading NMC recently. Check ou the spreadsheet attaches another shitsheet Still just testing the water before I start making bigger trades. Buy any more BTC/LTC lately?
K: Cool man.. Year i got some LTC at $16 right before it went back up :)
1/7/2014 D: Nice buy. Catch the market today? China's equivalent of Ebay banned the sell of btc, ltc, mining gear, etc.
My understanding on of China: China’s central bank regulated the virtual currency for the first time on Dec. 5 by banning financial institutions and payment providers from conducting transactions in the virtual currency
Chinese central bank officials told third-party payment service providers to stop offering clearing services to online Bitcoin exchanges
China's Ebay bans sell of BTC in accordance to the central bank's ban effective Jan. 31. Acting as a clearing house of BTC.
I'm now $180 long NMC. I might invest 1k soon on BTC, any thoughts on an upcoming entry point?
K: Hmmm not quite sure on entry point. I am in the red as of today on NMC. Im trying to get it back to 0.01 btc to convert my nmc back to btc, i missed it on the last push. If you are investing 1k and holding long, then any of the daily ups and downs dont matter because in the long run we hope it will be way up. If i were you, i would just wait for a big red candle and then try to by at the bottom. Maybe $800/btc is good?
K: The part that sucks is that it seems like BTC value works so hard to creep up and up slowly, and right when it seems like it is going to pick up some momentum, BAM! More bad news comes out and slams the market. This cycle seems to keep repeating over and over right now…
1/9/14 K: I got 2 more btc :)
1/27/14 D: Sorry, haven't check this email account for a few weeks. Been working a lot of OT. What price did you buy in at on 1/9? I just sold a majority of my coins for cash. I picked up 3 LTC at 19.50 though. What's gonna happen 2/1/14?
Also, do you know how long it would take for a tax return check if you have your taxes in prior to the 31st? I finished those 2 weeks ago if it matters.
The other day the dow finished pretty low. Do you have any thoughts about the US economy over the next 6-12 months?
K: What’s up man…huge dump off of BTC right now on almost all exchanges (except gox which is bs anyway). I bought some more LTC at around $19 too.
I am holding all for long haul, although it would have been profitable to sell this morning, and re-buy after this dump off. I have no idea what is going to happen on 2/1. Last time when senate met, everyone thought the party was over, and then there was a huge rally in prices instead.
I am trying to figure out the right price to buy more btc right now… what do you think?
D: Sorry. Copied and pasted instead of attaching the pic. I think we'll have to see if it breaks that support. What about the arrest of that guy at bitinstant? *attaches picture of BTC 4h chart with a random line pointing downward
K: I don’t think that one arrest will tank the market like that. I am wondering if the confiscated silk road funds are being trickled through the exchanges by the feds. It seems weird the sell off right now. It almost seems systematic. Like there is a huge sell off that clears all the buy orders. Then it is calm for a few minutes, then repeat. Really strange…
D: But I wonder how they brought charges on him? Could they hold anyone accountable who sold BTC to a person using it to buy drugs on silk road? If the Feds are selling that would explain it. They seized 144,000 and they're saying the owner of silkroad may have 600,000 stashed in a wallet.
K: I think the number is more like 30,000 btc
D: The spokesperson says the approximately 26,000 Bitcoins seized are just the ones that were held in Silk Road accounts. In other words, it’s Silk Road users’ Bitcoin. The FBI has not been able to get to Ulbricht’s personal Bitcoin yet. “That’s like another $80 million worth,” she said, explaining that it was held separately and is encrypted. If that is indeed what he’s holding, that’s close to 600,000 Bitcoin all together or about 5% of all Bitcoin currently in existence. (Update 10-25: The FBI says it’s seized 144,000 Bitcoins, or about $28 million, that it believes belong to Ross Ulbricht.)
K: I don’t understand how they were able to confiscate them, when bitcoins are not yet considered money, so they shouldn’t fall under forfeiture rules…
1/17/18 - D: Wish you the best K and hope you held those coins longer than I did.
TLDR: Meet a friend in December 2013 that gave me advice to buy and hold BTC long term. This is one of our email threads from around that time, edited to remove personally identifying information. I used all my bitcoin for pizza following the fall of Mt. Gox and the subsequent bubble burst.
submitted by hampering to CryptoCurrency [link] [comments]

Daily Market Analysis: Mini Bitcoin (BTC) Rally Stomped Out; Litecoin (LTC) and Tron (TRX) Rally

Daily Market Analysis: Mini Bitcoin (BTC) Rally Stomped Out; Litecoin (LTC) and Tron (TRX) Rally

https://preview.redd.it/gohftiv3bb921.png?width=690&format=png&auto=webp&s=cc49be4e296ca272c29e6fd58b7dac6122ce8edf
https://cryptoiq.co/daily-market-analysis-mini-bitcoin-btc-rally-stomped-out-litecoin-ltc-and-tron-trx-rally/
Things got a tad exciting today during the morning hours, Eastern time, with the price of Bitcoin (BTC) steadily surging from $3,975 to $4,112 on Bitstamp, which is the highest Bitcoin price of 2019 so far.
It seemed like perhaps Bitcoin was finally leaving that key resistance level of $3,900 in the dust, but the mild euphoria did not last for long. Bitcoin came back down to Earth, and is oscillating close to the $4,000 level as of this writing at 6 p.m. EST.
It looks like Bitcoin cannot escape the gravity of the $3,900 level, which is possibly the level where Chicago Mercantile Exchange (CME) Bitcoin futures traders placed their short bets.
That’s because $3,900 was the price of Bitcoin after the December 2018 contract expired. Certainly the $3,900 level is a key point of interest this month. If Bitcoin crosses back below $3,900 a more significant drop could follow. If Bitcoin persists above $3,900 and rallies beyond $4,000, then perhaps this month could be a rally after all.
The total cryptocurrency market cap surged from $134.5 billion to $138.5 billion during today’s mini rally and currently sits near $136 billion. Therefore, today is a slight up day for the crypto market. Litecoin (LTC) and Tron (TRX) lead the way with 4 percent and 12 percent increases, respectively. EOS is the only other major cryptocurrency that is up today with a one percent increase.
In the past month, Litecoin has rallied from $23 to $40 (74 percent), and Tron (TRX) has rallied from 1.27 cents to 2.65 cents (109 percent). During the same period of time, Bitcoin (BTC) has rallied from $3,120 to $4,000 (28 percent).
Major cryptocurrencies that have declined today include Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), and Ripple (XRP) with losses of less than one percent. Bitcoin SV (BSV), IOTA, and Dash are down two percent.
Ethereum Classic (ETC) declined 10 percent yesterday on the news that a 51 percent attack occurred. Despite more information today revealing that 15 separate attacks happened, and $1.1 million of double spends have occurred, Ethereum Classic (ETC) has been quite stable. The Ethereum Classic (ETC) debacle may be dragging down Ethereum (ETH) slightly as well since the 51 percent attacks have sparked debates in both communities over whether ASIC miners should be banned.
Overall, today was a bit underwhelming and perhaps depressing since the attempt at a Bitcoin (BTC) rally ended up getting squashed. The Dow Jones Industrial Average (DJIA) going up 1,000 points in the past 4 days is possibly making it harder for Bitcoin (BTC) to rally. If the stock market continues to show signs of strength, stock traders will not use Bitcoin (BTC) as a safe haven asset. The DJIA is 2,000 points above lows set on Christmas Eve, overriding many economic parameters and defying analysis that perhaps suggested a big stock crash was imminent.
submitted by turtlecane to CryptoCurrency [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome To The /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:

What are Bitcoins worth and where can I buy them?

Bitcoins are valued at what market price people are willing to pay for them. Here are a couple useful sites 1 and 2 that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just google "1 bitcoin in (your local currency)".
You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. Some recommendations include:
US & Europe
Australia
China
All countries
Always do your own personal due diligence on the validity of an exchange and check the URL prior to sending them money or entering login credentials. Phishing sites are not uncommon. Use this checklist if you aren't sure which exchange to choose.

Where can I spend Bitcoins?

A comprehensive list can be found at TheBitcoinPage.com but some of the key ones are below:
Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock Everything under the sun
Gyft Gift cards for thousands of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, etc.
Reddit Gold Premium membership which can be gifted to others
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair and 9flats For when you need to get away
Wordpress, Namecheap, Mullvad and PIA Handy web services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle and GreenmanGaming For when you need to get your game on
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross and the RNLI. You can find a longer list here.

Merchant Resources

If you operate a business and want to accept bitcoin as a payment method, there are several options available:

Can I mine bitcoin?

Mining bitcoins can be a fun hobby but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The friendly folks at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network, you can run a full node by hosting the blockchain and propagating transactions. Here is a handy setup guide

Securing your bitcoins

With bitcoin you can be your own bank and personally secure your bitcoins or you can use trusted companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance. Be sure to only deal with reputable companies, if you have any concerns about a company's trustworthiness just ask or check their consumer reviews and ratings.
If you prefer to have direct control over your coins without having to use a trusted third party you can use personal wallets for desktops / laptops, Android and iOS where you alone hold your private keys. Electrum, Mycelium and Breadwallet are popular, but there are many options.
Find a wallet that works best for you
For increased security use Two Factor Authentication (2FA) everywhere it is offered, including email! (2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access). Google Authenticator and Authy are two great apps for handling 2FA.
Additional security systems such as Mycelium Entropy (for printing multi-signature paper wallets) and the Trezor Hardware Wallet are great ways to easily secure your coins. Or, you can opt to secure your bitcoin using cold storage.
Note: Do not use brainwallets unless you are an expert, they are known to be vulnerable to theft unless set up correctly.

Earning bitcoins

Just like any other form of money, you can earn bitcoins by working for them. Here are a few resources for bitcoin jobs.

Tipping

Bitcoin Units

Note: This is a brief overview to the most commonly used Bitcoin units. For full information check out the Bitcoin Units wiki (work in progress).
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common ones are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (ml) or millimeter (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μl) or micrometre (μm)
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending mod approval. The original sticky can still be found here.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

/r/bitcoin in full meltdown.

Backstory: Recently, one of the largest Bitcoin exchanges said they weren't letting people withdraw Bitcoins due to technical issues (a process called "transaction malleability," which I can't really explain but has been known for awhile). This caused much consternation and a precipitous drop in the value of BTCs. This exchange also released a statement blaming Greg Maxwell, one of the original Bitcoin developers for the "technical issues" they were having.
This has caused much drama.
Keep calm, transaction malleability is not double spending. One of the big "selling points" of Bitcoin is that you can't double spend. As the name suggests, double spending is when you spend the same money twice. It's bad for business and good for thieves.
So Gox decided to take the Bitcoin ship down with them blaming their shortcomings on well known and documented protocol limitations. Shame!
so gox can buy cheat coins to make up for the loss.
That's right, folks, this exchange is crippling their business and reputation...so they can sink the cost of Bitcoins so they can buy them more on the cheap.
Mt Gox's incompetence once again puts BTC on sale? I'm not complaining.
Yep, my buttcoins just dropped in value 20%, but IDGAF because I'm gonna buy more.
You make it sound a lot less apocalyptic than the MT Gox press release did. To the top with you!
TO THE MOON!
Wow, fuck Mt Gox
They just purposefully spread FUD throughout the bitcoin world for the sole purpose of diverting attention while they fix their shit. This transaction malleability thing has been known for a long time and has plenty of easy ways to work around it, like just look and see if there's a double spend attempt on outputs before auto-crediting your internal books. The fact that Gox's shitty coding didn't do that is entirely their fault, and instead of owning up to it, they're trying to cause an earthquake of FUD to divert attention and buy themselves time. That's not just sneaky, that's truly evil. Fuck them. Fuck them so much.
/rant
FUCK THEM THIS PR MOVE IS LITERALLY EVIL. Now, I tend to save concepts of "good" and "evil" for actions that have a considerable moral weight, like when some piece of shit steals my parking spot, but this takes the cake. I speculated invested in a volatile commodity and my speculation investment has tanked, so I'm totes raging about it on Reddit.
Tin foil hat time.
What if a bunch of BTC got stolen and MtGox knows this. So they make FUD that blames bitcoin protocol knowing it will crash the price. They then take USD and buy up cheap bitcoin to cover the BTC that got stolen. What if this new USD will actually drive the price to new HIGHS!
What the hell. I couldn't even satirize this properly. (TO THE MOON)
What the f$#% is the BTC Foundation doing? Kick Mark Kerpopples off the board. Mark Karpeles is the CEO of Mt. Gox.
If your going to claim to be the representative entity for Bitcoin then act like it. Otherwise you are just as big of a joke as that incompitent twit Mr Krabapple bouncing around on his blue ball. I mean, Jesus H. tap dancing on a crispy truiscuit Christ, do something, anything, or gtfo.
*Edit: Help us Obi-Wan Antonopoulos, you're our only hope.
He's literally tanking Bitcoin! Let's take a rash action in response to a rash action!
Karppoopels is on the BTC foundation board? fuuuuuuck thats bad.
Karppoopels. Heh.
Anyone else from The Bitcoin Foundation want to shit on Bitcoin some with more negative PR?. Drugs, money laundering, "bugs"…c'mon guys…gun running could be next? or something worse?????. I'm sure you've got plenty more from where Shrem and Krapeles came from.
Krapeles. Lmao!
Oh, btw, turns out that you should do a little background check on anyone you're doing business with before you do business with him.
Andreas: Unanticipated bugs don’t come with year-old wiki pages fully documenting them. Gox is full of shit. Some guy tweets a thing.
Andreas keeping it real, as always.
Bravo, sir!
And:
I fucking love Andreas.
And now to the conspiracy:
Perfectly timed manipulation on the part of MTGox, this news comes as the 3 day MACD happens, (exponential average crosses the average bitcoin price), it hadn't crossed since early 2013, so big movement was to be expected.
You can see it on the 3day chart on bitcoinwisdom, the blue line and brown line crossing, this is a BIG sign for automated trading bots to make a move, in this case the exponential average (indicating the latest movement trend) went below the average, this means the trend is downwards.
So MTgox preps up their sells, sets a weekend climate of "some big news is about to come out on monday, everyone keep an eye on your coins"
Then DROPS the bad news, and BOOM goes the dynamite. we have an epic crash.
Meanwhile MTgox sets up its orders on BTC-E around 200.
Yep, makes perfect sense. Destroying your credibility as a business so you can get them sweet, sweet Bitcoins.
MtGox - Your new cold storage solution
Setup:
>Create MtGox account >Enable 2FA >Send BTC to MtGox 
And you are finished, no one will able to get to your coins, they are perfectly safe. /s
Haha, get it, because you can't withdraw your coins? And this is front page material.
At this point you can even call it cryogenic storage
So cold it's frozen.
Ho-ho, such wit, much funny.
The Bitcoin Foundation, Coinbase, Bitstamp and Blockchain.info need to issue a statement debunking Gox's "bitcoin bug" argument
Most people trust MtGox. It's the oldest exchange, was the most mentioned in the media. Their press release is pure bullshit but it's a subject that's way too technical anyway for most people to grasp. We need other big players to step up and reassure people, or this could be the death of Bitcoin.
And what will happen now?
Go on, sell your bitcoin, and bang your head into the wall when the price goes back up.
In the mean time, I'm enjoying the cheap coins.
Hmmm. If one were a Gox insider, today would've been a good day to buy bitcoins. Either for a personal account or for the company's, in order to cover past fuckups.
Are you concerned about the price of your holdings? I appreciate that we just got cheap coins.
Plus the general hatejerk:
How I look forward to the day bitcoin won't be goxed anymore.
Even those outside of gox managed to get goxxed today.
Gox has done the greatest service & disservice to Bitcoin.
Sounds like Mark is trying to raise more fear. He needs to step down from the Bitcoin Foundation.
I guess most of the other players fear legal problems if they say anything bad about Gox...
And the final jerk:
I'm fed up with Gox's incompetence and purposely damaging language to the Bitcoin community: I'm saying it here, I'm willing to invest $50,000 in a legit U.S. in exchange for 5% of the business. Somebody get ahold of me!
This press release from Gox was incredibly shady and deceitful. The majority of Bitcoin market crashes are because of them. We need to step up. I'm willing to step up. Get ahold of me on here!
I'm willing to invest $50,000 in a LEGIT U.S. Bitcoin exchange for 5% of the business.
We can't stand for this, people. We can't let lies like this affect the Bitcoin community this much
submitted by Slutlord-Fascist to circlebroke [link] [comments]

Thinking about pulling out - maybe I'm just not any good at this?

So I first bought in to BTC back in November during the big ramp up. I bought my first two and a half or so coins ($500 worth) at around $223 each and giddily sold at around $330 for a tidy ~$200 profit. What easy money!
I didn't really pay attention again until the end of the month, when the price had hit $1200 or so (on Coinbase, at least, which was where I was moving fiat in). Completely oblivious at that point and time to MACDs, Stochastic RSIs, and pretty much anything else even resembling a technical indicator, I bought back in at $1070 or so (at that point, maybe 1.2 coins or so) and told myself I'd come back and check it in a week or so to reap my rewards.
I sold a week later at around $715, posting a loss of around $350. Lesson learned: always have a stop loss, and either automate it or pay enough attention to be able to implement it manually.
Over the next two weeks, I bought back in (1.4 coins worth or so, maybe worth $850 in fiat at the time) and tried my hand at shorter term trading on BTC-E using QT Bitcoin Trader (which is an awesome app, kudos to whomever designed it). Riding little waves and bumps, buying high, selling low, beginning to pay attention to the various indicators available on bitcoinwisdom and bitcoincharts. I never seemed to make too much forward progress though; for every three times I'd make $10, there would be one unforeseen market movement that would cost me $30 before I hit my stop loss. On two separate occasions, I fell asleep/zoned out/got distracted while trading and came back a few hours later to find myself down $60 or so dollars. Going back over my strategies, I found a few mistakes I'd made that I likely wouldn't have if I'd paid attention to more indicators or hadn't panic sold shy of my stop loss. Lesson learned: 1) once you have a plan, stick to it; and 2) make sure your plan contemplates conflicting signals so that you don't put all your eggs in one basket.
So that's where I find myself today. I continue to learn more about various indicators, the nuances of the order book, and when to spot a pump & dump trap during low volume trading periods, but I'm still 35% or so down from what I put in, and 50% down from my all-time high. Do I have any more lessons to learn? Is my stop loss set too high - am I too risk averse? Am I trading on windows that are too short for human beings to be able to successfully trade on and make consistent profits, given the number of sophisticated bots that dominate prices and trends during most low volume periods? Or do I just not have the tools - the automated, mathematical, scientific tools - needed to remove my personal judgment and fear from the equation entirely, so that I can actually physically walk away from the ticker?
Or is it possible I'm just not any good at this?
Perhaps this is less of a genuine question and more of a rant. I doubt I'll want to really walk away now (I don't really need the $1000, and wouldn't be hurting if I lost all of it tomorrow, which is at least one rule I went with and got right from the start), but sometimes you just get down enough to want to complain to some folks who have been there. Thanks for listening.
submitted by legalfoxhound27 to BitcoinMarkets [link] [comments]

How to Trade Bitcoin Part 1: Getting Ready to Trade

The first part of our bitcoin trading guide series explains the basics of bitcoin and trading terminology. Instructions are also provided for buying bitcoin and getting ready to trade on BTC.sx. We originally produced the first part of this guide for our own traders to get started with our platform. However, after some really good feedback we thought we should share it publicly too. So please bear with us if it is quite orientated to our own platform. Future parts will be much more applicable to trading in general.
Here is what we have planned for the series:
1) Getting ready to trade (this post)
2) Making your first trade
3) Basics of technical analysis
4) Advanced TA
5) Developing a sustainable strategy
Please let us know if there are any topics you would like specifically covered and whether or not articles are the best format for learning.
Why should you listen to what we have to say?
Our CEO turned $100 into $200k by trading bitcoin, our COO previosuly worked at senior management level at Deutsche Bank and UBS, and one of our advisers has a Wall Street background as a Portfolio Manager and is a Chartered Market Technician.
http://i.imgur.com/G06P306.png
This article begins with an overview of bitcoin, how to buy bitcoin and how to manage risk. The remainder of the article focuses on understanding trading terminology and creating a bitcoin trading account on BTC.sx.
What is bitcoin?
Bitcoin is a digital currency that uses encryption, rules of mathematics and a decentralized network to control the creation of more bitcoins and verify transactions. Bitcoin was designed to operate as ‘digital gold’ — it resembles a commodity but can be used as a currency. Bitcoin can be traded for fiat currency, like dollars or pounds, creating opportunities to profit from trading price fluctuations.
http://i.imgur.com/hNnKxGE.png
Why is bitcoin so volatile?
Compared to the price of gold, the price of bitcoin has exhibited much larger price swings. Typically the price of gold will change by just a few percent each week, but bitcoin’s price often changes by 10% or more — even in a ‘flat’ market.
Volatility is generally considered a good thing by bitcoin traders because it creates opportunities to buy lower and sell higher than flat markets.
The primary reason why bitcoin is volatile is because it has a small market cap and low trading volume. Market cap is the number of units (bitcoin here) in circulation multiplied by the value (bitcoin price here).
For example, bitcoin has a market cap of about $3 billion vs $31 billion for the a gold ETF (GLD is the most popular American gold investment vehicle). Additionally, the daily average trading volume for bitcoin is about $12 million vs approximately $939 million for the gold ETF.
The result of this small market cap and low trading volume is that less trading less money is required to make a large difference in supply and demand.
For instance, if a trader wants to buy $3 million worth of bitcoin this represents 33% of the daily trading volume and would push the price up approximately 14%, at the time of writing. However, buying $3 million worth of the gold ETF is just 0.3% of the daily trading volume and is nothing compared to the hundreds of millions of trades that influence gold’s price.
http://i.imgur.com/NLtgVrX.png
Further information
The information we have provided about bitcoin is only the bare essentials a trader needs to know. If you are completely new to bitcoin, also consider exploring these external resources:
We Use Coins
Bitcoin.org
Bitcoin Wiki
2. How to Manage Risk
Risk of buying bitcoin
As discussed above, bitcoin is an extremely volatile asset. Besides increasing in value, bitcoin’s price can also dramatically fall. When buying bitcoin, never invest more than you can afford to lose.
You cannot lose more than you put in, so don’t put in more than you can afford to lose and you’ll be all right, even in the most negative case. - Rpietila, Bitcoin and commodity investor
Risk of trading bitcoin
Furthermore, investing more than one can afford to lose reduces a trader’s ability to make good decisions. In particular, there is a risk of ‘panic selling’ when the market declines slightly. Instead of holding throughout a market dip, someone who is over-invested may panic and sell-off their holdings for a low price — attempting to cut their losses. This tends to lead to losing more money when the market recovers and the trader buys back at a higher price.
http://i.imgur.com/yrQbCsI.png
Simply, the best way to manage your risk is to not invest more than you can afford to lose. At BTC.sx, losses cannot exceed your deposit — so simply make sure this is a comfortable amount for you to trade with.
3. Understand Basic Bitcoin Trading Terminology
Trading
Trading is the act of buying, selling or exchanging one asset for another. Exchanging Bitcoin for US dollars, for instance, is trading.
Position
A position is similar a trade, which can either be long (buying bitcoin) or short (selling bitcoin). Like a trade you profit from a long/buy position when the price rises; and you profit from a short/sell position when the price falls.
Unlike a trade, a position has an open and close. At BTC.sx you begin by depositing bitcoin. Then you may acquire more bitcoin or US dollars by opening a position. When the position is closed you are left with just more or less bitcoin than the value deposited — this depends on how profitable your position was.
Trading platform
A trading platform, like BTC.sx, is a place where traders go to enter positions. Unlike an exchange, it is uncommon for to use platforms for exchanging one asset for another. Typically trading platforms also include more advanced features, such as leverage.
Leverage
http://i.imgur.com/Aik56aI.jpg
Leverage is borrowing assets for the purposes of increasing potential trading returns. This is also known as margin trading.
Trading with 10x leverage on BTC.sx, allows you to deposit 1 bitcoin and trade with 10 bitcoins. When you are done trading (closing a position) you return the 10 bitcoin and keep any profits made.
For example, let’s say your trading has been going well and you are consistently making a 10% return each week. Trading with 1 bitcoin, your profit is 0.1 bitcoin. However, with 10 bitcoins your profit is 1 bitcoin — this is the power of leverage when used correctly.
Although leverage does also increase trading risk exposure, your losses can never exceed your deposit at BTC.sx. Furthermore, your risk of an exchange failure is reduced because you are trading with 9 bitcoins that belong to BTC.sx and only 1 bitcoin of your own.
Exchange
Unlike trading platforms, investors use exchanges to swap an asset for another. For example, Bitstamp allows investors to trade their local currency for Bitcoin, or vice versa. Exchanges are the main determinants of bitcoin’s price because they contain an order book.
At an exchange you can either be a market maker or a market taker.
Market maker
A market maker sets the price they wish to buy or sell at and waits for a market taker who agrees to that price.
Market taker
A market taker finds a market maker that is offering a desirable price and quantity then immediately trades with them.
Order book
An order book is a list investors wanting to buy and sell an asset at specified quantities and prices. These are the market makers. Below is an annotated explanation of a bitcoin exchange order book. Picture the order book as a very hectic auction and the concept should be easier to understand.
http://i.imgur.com/DuRYrnx.png
Sell orders: “Asks”
This part of the order book lists the prices and quantities investors wish to sell bitcoin at. Here the cheapest seller is offering 2.3467 bitcoin at a price of $244.58. As these investors are asking for a price to sell at, these are called asks.
Buy orders: “Bids”
This part of the order book lists the prices and quantities investors wish to buy bitcoin at. Here the most expensive buyer is willing to purchase 0.5 bitcoin at a price of $244.43. As these investors are bidding for a price to buy at, these are called bids.
Current bitcoin price
This is the last price at which bitcoin was exchanged for US dollars. Given that buyers will fulfill the cheapest ask, and sellers will fulfill the most expensive bid, the price will always fall between the the cheapest ask and most expensive bid.
In this example, the price is $244.39 — the same as the most expensive bid. This means that the last bitcoin trade was a market taker selling to a market maker. This is also a demonstration of a seller always wanting to sell to the highest bidder.
Order book depth
This depth graph visualizes the amount of asks and bids at various prices. The more bitcoins that are available at a price, the ‘deeper’ the graph is. Naturally, as sellers do not want to ask for cheap prices and buyers do not want to buy for expensive prices, the graph is normally shallow in the middle.
If the chart is one-sided, it suggests that the market may be feeling bullish or bearish. In the above example, a lot of investors want to sell at $245 which would make it difficult for the price to rise beyond that. Conversely, the shallow graph on the bid side shows not many people want to buy bitcoin at these prices. This is typical of a bearish market.
Order book execution
An important feature of BTC.sx is that the positions our users open/close make buys and sells on exchange order books. In practice, when our users click buy, US dollars is used to buy bitcoin from the order book bids. Conversely, when our users click sell, bitcoin is sold for US dollars from the order book asks.
http://i.imgur.com/1Dk8G0t.jpg
Why is this important?
Firstly, when you trade on BTC.sx you do so with leverage. This means you can have a larger impact in the market and move the price in your favour. In the above example using just 1.3 bitcoin at 10x leverage would create buy 13 bitcoin from the asks. This helps drives the price up because now the cheapest ask is $244.61. If the market sees this as a bullish sign then others may follow, sparking a price rally.
Secondly, order book execution means that BTC.sx does not trade against our users. Trading platforms that do not offer this execution are acting as market makers and stand to profit from their traders losing money. At BTC.sx we want our traders to be profitable so they can keep trading.
*4. How to Buy Bitcoin * As a bitcoin-only trading platform, BTC.sx only accepts bitcoin deposits. This allows you to begin trading in minutes and without verifying your identity.
If you do not yet own any bitcoin there are a number of places that bitcoin can be bought from, including:
Circle
Coinbase
LocalBitcoins
Click here to see other ways to buy bitcoin in each region of the world.
To store your bitcoin you will also need a wallet, such as MultiBit or Blockchain.info.
5. Create an Account on BTC.sx
Once you have bitcoin, you are ready to start trading. Head over to BTC.sx to begin the registration process.
1. Click ‘Sign Up’
http://i.imgur.com/Fikj8Nd.png
2. Enter your details and read and agree with the terms of service
http://i.imgur.com/AjnKzRY.png
3. Click on the email activation code
http://i.imgur.com/lz5yBqK.png
4. Login to your account
http://i.imgur.com/P6VJ0xm.png
5. Visit trade screen
http://i.imgur.com/WjGockR.png
6. Send a deposit to BTC.sx
You are now one step away from being ready to trade bitcoin. All that is required is to send a deposit by following these instructions:
1. Click on ‘Deposit’ in the trading screen
http://i.imgur.com/1TxpgUh.png
2. Send bitcoin to your wallet address
http://i.imgur.com/cTZim5t.png
If you do not know how to send bitcoin please contact your wallet provider for assistance.
Conclusion** ** You should now be in a position where you understand the basics of bitcoin, trading terminology and have an account on BTC.sx to begin trading.
In part 2 we will be covering fundamental analysis, the basics of technical analysis and how to make your first trade. Like us on Facebook or follow us on Twitter for future updates.
If you have not yet signed up for an account on BTC.sx click here. The registration process takes just two minutes and does not require any identity verification documents
submitted by BTC_sx to BitcoinMarkets [link] [comments]

First Timer Impressions - USD/BTC Pair

I'm behind the concept of Bisq, and the nature of removing the middleman in centralized exchanges. I do notice that there are very few (<~10 at any given time over the past few days) offers (buy or sell), and in general folks set prices way outside of the market price when selling bitcoins (e.g. the market price is hovering around 8-8.5k, and I see an offer for 10k-11k.. yeah, not going to go for that).
Pros:
Cons:
If there was a step-by-step walkthrough on how to set up Bisq for someone who is moving from a centralized exchange (cex.io, Coinbase, etc), including the local wallet/funding steps, this would probably attract more users. As it is, the interface and required setup is confusing enough to deter probably any but the most determined users. I'll keep my offer open, but I'm actually going back to a centralized exchange tonight as I'm looking to purchase coins at some point before the end of the month, heh.
submitted by cataflic to bisq [link] [comments]

Thoughts on the current state of Bitcoin from someone who participates in much of the ecosystem [and tipping thread ;) ]

Hey guys,
So this is something I've been looking at for a while now, and kind of seeing some things die and other things be born. Some things are getting easier, and other things getting more difficult. I want to take this time to outline the last few months and how my sentiment is reflected towards the market. I have to say, the market generally matches how my "emotions" playout towards the ecosystem as a whole.
I'll outline just a few short things on both the bearish and the bullish sides of my sentiment, even if things don't effect the overall sentiment much (at least according to most traders and people) I'd like to point them out because I view them as notable.
Some of the not so good things that have been happening:
Anyway, in many respects it feels like a lot of the bitcoin ecosystem is dying, and maybe we should all panic, cry, and shit our pants, but a few things haven't been going badly, and in fact, I'm looking optimistic that the next time a surge of new users enters the market for whatever reason, there will be a much more developed and kind ecosystem to take part of. No one is going to be touting the next 5 second confirmation coin, no more of the ubiquitous "investment" opportunities that await the uninitiated.
Other than my love for bitcoin in general, this is what makes me not panic sell, and what keeps me optimistic about the bitcoin future:
Alright guys, thats my sentiment overview, and I hope it wasn't tl;dr for most of you. But one last thing I want to point out in terms of user growth. We need to break out of our comfort zone. We need to help people get into it. That btctipping dude? He has the right idea, except, it does kinda feel like he's promoting his own website? I dunno? Anyway, Changetip some newbies. Just the other day in the reddit lounge I tipped a guy a coffee, and he then said "Man that was evil, now I have to spend the next hour learning all about bitcoin"... who knows, maybe his sentiment that the media helped paint is one shade lighter now just from a a couple millibit tip. You can do that too, and I'm here to help you get started. I've got some millibits to give away, give me some awesome feedback, criticism or build your own thoughts on this thread. I tip you, then you go pay it forward. Lets do this!!!
submitted by googlemaster1 to Bitcoin [link] [comments]

"So what is a bitcoin worth now" 1 bit is worth.... actually I have no idea!

I can tell people what a bitcoin's current exchange rate is, cue the "oh wow thats expensive" response
but I would like to start quoting the bit exchange rate. Now I know it is a factor of 10 or like 1/one millionth of a bitcoin, but that isn't exactly a conversion I think of when talking.
I need an entire pricing ecosystem using "bits", not mbits, or nano/u bits or satoshis
For me, this means Bitcoinwisdom should be displaying everything in bits, by default. This means Winkdex should be displaying everything in bits by default. Circle, Coinbase, /Bitcoinmarkets tracker , Hivewallet and Breadwallet....
then I'll get used to noticing it and it'll be more a part of the lexicon
submitted by 1blockologist to Bitcoin [link] [comments]

Hilo General de Bitcoin, despues del Hardfork, viene la evolución.

Hilo continuación del que venimos, para postear opiniones y noticias que no merecen hilo propio. Iré modificándolo poco a poco para dejarlo bien.
[QUOTE=Sr.Mojón;18954032][B][SIZE="5"]Hilo Oficial del Bitcoin[/SIZE][/B] [SIZE="5"][B][SIZE="4"][COLOR="Green"]XI Edition[/COLOR][/SIZE][/B][/SIZE]
[IMG]http://s3.amazonaws.com/gr-newsbtc-images/2016/01/19133429/Bitcoin-fees.jpg[/IMG]
[youtube]CtmbwKrQY8U[/youtube]
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[SIZE="4"][B]Venimos de...[/B][/SIZE] [url]http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/854847-hilo-oficial-del-bitcoin-x-to-the-moon.html[/url] [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/709069-hilo-oficial-del-bitcoin-ix-ahora-mas-burbujas.html#post15408097"]Hilo oficial del Bitcoin (IX)[/url] - 07-nov-2015 [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/675253-hilo-oficial-del-bitcoin-viii.html"]Hilo oficial del Bitcoin (VIII)[/url] - 27-jul-2015 - [I][COLOR="Gray"](retornado del exilio político)[/COLOR][/I] [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/610897-hilo-oficial-del-bitcoin-vii.html"]Hilo oficial del Bitcoin (VII)[/url] - 13-ene-2015 [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/497459-hilo-oficial-del-bitcoin-vi.html"]Hilo oficial del Bitcoin (VI)[/url] - 14-ene-2014 [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/482709-hilo-oficial-del-bitcoin-v.html"]Hilo oficial del Bitcoin (V)[/url] - 27-nov-2013 [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/472578-hilo-oficial-del-bitcoin-iv.html"]Hilo oficial del Bitcoin (IV)[/url] - 24-oct-2013 [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/415715-hilo-oficial-del-bitcoin-iii.html"]Hilo oficial del Bitcoin (III)[/url] - 22-abr-2013 [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/412574-hilo-oficial-del-bitcoin-ii.html"]Hilo oficial del Bitcoin (II)[/url] - 11-abr-2013 [url="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/400662-hilo-oficial-bitcoin-i.html"]Hilo oficial del Bitcoin (I)[/url] - 06-mar-2013 [URL="http://www.burbuja.info/inmobiliaria/burbuja-inmobiliaria/236815-guia-absoluto-novato-bitcoin.html"]Guía para el absoluto novato en Bitcoin[/URL] - 02-jul-2011
[I]*En estos hilos hay gráficas y noticias de sus respectivas fechas.[/I]
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Los cimientos de BITCOIN: [youtube]ZDNZTiCtbIY[/youtube]
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[B]Dificultad[/B] [URL="https://bitcoinwisdom.com/bitcoin/difficulty"]Bitcoinwisdom - Difficulty[/URL] [URL="http://bitcoin.sipa.be/"]Bitcoin Network Graphs[/URL]
[SIZE="4"][B]Charting y cotizaciones: [/B][/SIZE] [URL="https://bitcoinwisdom.com/"]Bitcoinwisdom[/URL] [URL="http://bitcoinity.org/markets"]Bitcoinity[/URL] [URL="https://www.tradingview.com/s/bitcoin/"]TradingView - Bitcoin[/URL] [URL="http://coinorama.net/"]Coinorama[/URL] [URL="http://bitcoincharts.com/markets/"]Bitcoin Charts[/URL] - [COLOR="SlateGray"]Historical data completa[/COLOR] [URL="https://cryptowat.ch/"]Cryptowat.ch[/URL] [URL="https://pizzacharts.com/"]Pizza Charts[/URL] [URL="https://bfxdata.com/"]BFXdata[/URL] [URL="http://bitcoin-analytics.com/"]Bitcoin Analytics[/URL] [url]https://fred.stlouisfed.org/series/MYAGM1EZQ196N[/url]
[U]-.nuevos_2016:[/U] [url]https://coinmarketcap.com/[/url] [url]https://coin.dance/volume/localbitcoins[/url] [url]https://bitcoinity.org/markets/kraken/EUR[/url] [url]https://coin.dance/[/url] [url]https://tradeblock.com/bitcoin/[/url] [url]http://fiatleak.com/[/url] [url]https://www.kaiko.com/[/url] [url]https://bitcoinfees.21.co/[/url] ** ,muy interesante [url]https://blocks.wizb.it/[/url] [url]https://live.blockcypher.com/btc/[/url] [url=http://www.satoshi.24ex.com/]Satoshi Converter[/url] *Para saber el cálculo en usd/eur en unidades menores al Bitcoin. [url]https://www.cryptonator.com/converte[/url] *Para saber el cálculo entre fiat-cryptomonedas
[SIZE="4"][B]Noticias: [/B][/SIZE] [url]https://news.bitcoin.com/[/url] [url]http://www.coindesk.com/[/url] [url]http://criptonoticias.com/[/url] [url]https://forobits.com/c/bitcoin[/url] [url]https://cointelegraph.es/[/url]
[B][SIZE="4"]Trading[/SIZE][/B]
[B]Exchanges[/B] [URL="https://www.bitstamp.net/"]Bitstamp[/URL] - [COLOR="SlateGray"]SEPA[/COLOR] [URL="https://btc-e.com/"]BTC-e[/URL] - [COLOR="slategray"]SEPA[/COLOR] [URL="https://www.kraken.com/"]Kraken[/URL] - [COLOR="slategray"]SEPA[/COLOR] [URL="https://gemini.com/"]Gemini[/URL] - [COLOR="SlateGray"]USA[/COLOR] [URL="https://www.coinsetter.com/"]Coinsetter[/URL] - [COLOR="slategray"]USA[/COLOR] [URL="https://exchange.coinbase.com/"]Coinbase Exchange[/URL] - [COLOR="slategray"]USA[/COLOR] [URL="https://www.okcoin.com/"]OKCoin[/URL] - [COLOR="slategray"]China[/COLOR] [URL="https://huobi.com/"]Huobi[/URL] - [COLOR="slategray"]China[/COLOR] [URL="https://www.bitfinex.com/"]Bitfinex[/URL] - [COLOR="slategray"]Hong Kong[/COLOR] Mas..[url]https://en.wikipedia.org/wiki/Digital_currency_exchange[/url]
[B]Herramientas[/B] [URL="https://centrabit.com/?m0prm=6"]QTBitcoinTrader[/URL] [URL="https://cryptotrader.org/"]Cryptotrader[/URL] - [COLOR="slategray"]Estrategias y bots para Quants[/COLOR] [URL="http://bitcoin-fee.sbrk.org/"]Fee Calculator[/URL] [URL="https://www.coinlistener.com/"]Alertas[/URL] [url]https://ark.io/[/url]
[B][SIZE="4"]Gurus de Bitcoin:[/SIZE][/B]
Andreas Antonopoulos Charlie Shrem Peter Thiel Arvin Narayand
[B][SIZE="4"]Cursos:[/SIZE][/B] -. [url]http://www.truthcoin.info/papers/truthcoin-whitepaper.pdf[/url] (paper sobre una sidechain que servirá para incluir un sistema descentralizado de oráculos en Bitcoin.) In-depth Udemy Course(over 8 hours of video tutorials) -. [url]https://www.udemy.com/bitcoin-or-how-i-learned-to-stop-worrying-and-love-crypto[/url] Coursera Cryptocurrency Course(61 videos in 11 sections) -.[url]https://www.coursera.org/learn/cryptocurrency[/url] Khan Academy Bitcoin Course(9 ~10 minute videos) -.[url]https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it[/url] Bitcoin 101 Blackboard Series(over 7 hours of video tutorials) -. [url]https://www.youtube.com/playlist?list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q[/url] Introduction to Bitcoin(3 hour course available via free trial) -. [url]https://www.pluralsight.com/courses/bitcoin-decentralized-technology[/url] Introduction toDigital Currency - MOOC offered by University of Nicosia -. [url]http://digitalcurrency.unic.ac.cy/free-introductory-mooc/[/url]
[B][SIZE="4"]Deep Dive Technical Resources: (pá los valientes):[/SIZE][/B] Bitcoin & Cryptocurrency Technologies (Princeton's 300 page textbook) [url]https://d28rh4a8wq0iu5.cloudfront.net/bitcointech/readings/princeton_bitcoin_book.pdf?a=1[/url] Bitcoin Developer Guide [url]https://bitcoin.org/en/developer-guide[/url] Bitcoin Ninja [url]http://bitcoin.ninja/[/url] Bitcoin Protocol Specification [url]http://enetium.com/resources/Bitcoin.pdf[/url] Epic List of Research Papers [url]https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg/edit?pli=1#gid=0[/url] How the Bitcoin Protocol Actually Works [url]http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/[/url] Mastering Bitcoin [url]https://github.com/aantonop/bitcoinbook/blob/develop/book.asciidoc[/url] Epic List of Bitcoin Books [url]https://github.com/McFrankline/Blockchain-stuff#bitcoin[/url] Epic List of Many Blockchain Books [url]https://github.com/McFrankline/Blockchain-stuff#blockchain-books[/url] Programming the Blockchain in C# [url]https://programmingblockchain.gitbooks.io/programmingblockchain/content/[/url]
[B][SIZE="4"]Documentales:[/SIZE][/B] Bitcoin Films [url]http://bitcoinfilm.org/documentaries/[/url] Bitcoin in Uganda BrRXP1tp6Kw Inside Man with Morgan Spurlock [url]http://www.disclose.tv/action/viewvideo/198650/Morgan_Spurlock__Living_On_Bitcoin__The_Inside_Man_Bitcoin_CNN_Full_Documentary/[/url] Life on Bitcoin [url]http://lifeonbitcoin.com/[/url] Life Inside a Secret Chinese Bitcoin Mine K8kua5B5K3I The Bitcoin Doco [url]http://thebitcoindoco.com/?p=202[/url] The Rise and Rise of Bitcoin [url]http://bitcoindoc.com/[/url]
[B][SIZE="4"]otras cosas de este año 2016:[/SIZE][/B] [url]http://themerkle.com/top-6-ways-of-losing-bitcoin-funds-if-youre-not-careful/[/url]
[url]https://opendime.com/[/url] is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.
[url]https://github.com/amper5and/secrets.js/[/url] It can be used to split any "secret" (i.e. a password, text file, Bitcoin private key, anything) into n number of "shares" (each the same size in bits as the original secret), requiring that exactly any number t ("threshold") of them be present to reconstruct the original secret.
[U]Compra rapida Por Claudius:[/U]
Y por ultimo:
[I]P.D1:*¿que puede pasar si se amplia el Tamaño de Bloque?[/I] [url]https://www.reddit.com/Bitcoin/comments/3cgft7/largest_transaction_ever_mined_999657_kb_consumes/[/url]
P.D2:[url]https://www.reddit.com/Bitcoin/comments/5609tu/1st_test_on_lightning_network_between_rusty/[/url] [I](primer ejemplo de lightning_network)[/I]
explicacion del video anterior: [SPOILER]Todo lo hace en la testchain de Bitcoin. Abre un canal con 0'04 testcoins y efectua el pago de 10000 milisatoshis para comprar la ya famosa imagen de los gatitos viendo la luna.
No hay transacción de vuelta, es símplemente un pago que se ha realizado a través del canal que habían abierto.
En la blockchain (en realidad, en la testchain, puesto que se está utilizando la cadena de bloques para pruebas que tiene Bitcoin) se ha realizado una transacción, que es la transacción necesaria que hay que hacer para establecer el canal.
La transacción de compra de la imagen (la de los 10000 milisatoshis) es la que se hace fuera de la cadena de bloques.
A ver, el canal se establece por un importe de 0'04 bitcoins (testcoins, en realidad). Una vez realizada la transacción de 10000 milibitcoins en la lightning network, el balance de ese canal cambia a 0'04 bitcoins - 10000 milibitcoins.
Pero lo bueno del asunto es que el canal de pagos es bidireccional y, se supone, que formará parte de una red (la lightning network) de manera que el balance se irá reajustando conforme las transacciones de la red vayan necesitando hacer uso de dicho del canal de pago que has abierto.
Cuando cualquiera de las dos partes decida cerrar el canal, entonces el balance que contenga en ese instante será el que se fijará en la cadena de bloques.
Las transacciones que emplean el canal de pago son "off blockchain", esto es, se realizan sin necesidad de ser reflejadas en la cadena de bloques. La única transacción que ha necesitado utilizar la cadena de bloques es la necesaria para crear el canal.
El canal no se ha cerrado, ha permanecido abierto.[/SPOILER] P.D 3:
P.D 4: Los iré añadiendo poco a poco que son un huevo: [url]https://sites.google.com/site/bitcoinsig/resources[/url]
P.D.5:[/QUOTE]
submitted by sirpask to btces [link] [comments]

It is obvious price will take a hit, BUT ..

But... it is also obvious that we have to stick to the whitepaper because what will be bitcoin without the original rules itself.
Concerning price, Core price will take a major hit but what will happen to BU price?
Say i trade a Coinbase, or Poloniex, Will BU start trading at the current price of bitcoinwisdom.com or will it start trading from 0 and climb up?
i remember with ETH and ETC that went very badly. BUT, also it was something unexpected. However with BU and BC this is planned.
Where will the price ticker start for BU?
submitted by darkvador1900 to btc [link] [comments]

Panel Interview/Hangout w/ Coinbase Exchange -- Weds 1:30PM PDT (UTC -7)

We will be hosting the Coinbase Team responsible for building and launching the Exchange & trading operations -- this includes: Michael B, Premier Support Manager, Roman Shtylman, Lead Exchange Developer - & Charlie Lee, Engineering Manager -- the format will be a panel interview made of traders from TradingView, /bitcoinmarkets, & IRC
SoundCloud Recording: https://soundcloud.com/whaleclub-bitcoin/panel-interviewhangout-with-coinbase-exchange
When: Weds June 10th 1:30PM PDT (UTC -7)
Location: WCTeamSpeak: if you want to join the conversation dl TS3: http://teamspeak.com/?page=teamspeak3 enter server: ts.whaleclub.io
It will be streamed LIVE: http://vaughnlive.tv/whaleclub
Here is rough outline of the questions :
Background
Can you give your personal background and journey to the company (Roman & Michael) ?
I know Coinbase has many talented people but what do they have from a development standpoint from an exchange functionality standpoint ? Matching engine level dev and trading product dev ?
Do you see yourself as an exchange or a trading platform ?
What is the vision over at Coinbase and specifically where does the exchange fit in the business strategy of what Coinbase’s overall vision is ?
Approximately how many resources (percent-wise) are being utilized for the exchange operations and are they rapidly expanding ?
There has been no proof-of-reserves on Coinbase -- why should we trust Coinbase with the security of coins and that they aren’t running a fractional reserve system. Many of the other players have adopted this method why haven’t you?
Trading Platform
Currently you are one of the few exchanges with FIX how do you see this API feature being utilized to connect you with the legacy financial world
I see you have spent a good deal on interface including charting have you thought about trying to get on TradingView ?
UI/UX Review I don’t really care for the order depth visualization -- the standard is still bitcoinwisdom on how they do it I like time and sales and the order entry aspect On the bottom is that where there is open order and order history?
Are we going to see margin on spot or more advanced products like futures ? if yes what can we expect the margin leverage to be? will there be USD style swaps like BFX offers ? if futures what kind of leverage and how will margin calls be handled ie similar to the OKCoin socialized loss system
Trading Landscape
Currently you are going about getting an MSB in every state -- is there a rough timeline on complete of this ? and does the BitLicense in any way help you in this process ?
As far as competing in a global exchange space we still see a very defined trend of much of the BTC trading volume happening offshore -- how does Coinbase from a strategic perspective look to tackle the fact that many offshore competitors have little to no KYC/AML and draw the lionshare of the trader ?
Any opinion on the blocksize debate from a company perspective ? (Only time permitting)
Since Charlie Lee is here are there any plans to add LTC trading to the exchange ?
Please leave any specific questions you hope to have answered here
submitted by BTCVIX to BitcoinMarkets [link] [comments]

**Bitcoin Information Links:**

Bitcoin Information Links:
submitted by mstevenson10009 to Bitcoin [link] [comments]

/r/bitcoin in full on meltdown mode

Backstory: Recently, one of the largest Bitcoin exchanges said they weren't letting people withdraw Bitcoins due to technical issues (a process called "transaction malleability," which I can't really explain but has been known for awhile). This caused much consternation and a precipitous drop in the value of BTCs. This exchange also released a statement blaming Greg Maxwell, one of the original Bitcoin developers for the "technical issues" they were having.
This has caused much drama.
Keep calm, transaction malleability is not double spending. One of the big "selling points" of Bitcoin is that you can't double spend. As the name suggests, double spending is when you spend the same money twice. It's bad for business and good for thieves.
So Gox decided to take the Bitcoin ship down with them blaming their shortcomings on well known and documented protocol limitations. Shame!
so gox can buy cheat coins to make up for the loss.
That's right, folks, this exchange is crippling their business and reputation...so they can sink the cost of Bitcoins so they can buy them more on the cheap.
Mt Gox's incompetence once again puts BTC on sale? I'm not complaining.
Yep, my buttcoins just dropped in value 20%, but IDGAF because I'm gonna buy more.
You make it sound a lot less apocalyptic than the MT Gox press release did. To the top with you!
TO THE MOON!
Wow, fuck Mt Gox
They just purposefully spread FUD throughout the bitcoin world for the sole purpose of diverting attention while they fix their shit. This transaction malleability thing has been known for a long time and has plenty of easy ways to work around it, like just look and see if there's a double spend attempt on outputs before auto-crediting your internal books. The fact that Gox's shitty coding didn't do that is entirely their fault, and instead of owning up to it, they're trying to cause an earthquake of FUD to divert attention and buy themselves time. That's not just sneaky, that's truly evil. Fuck them. Fuck them so much.
/rant
FUCK THEM THIS PR MOVE IS LITERALLY EVIL. Now, I tend to save concepts of "good" and "evil" for actions that have a considerable moral weight, like when some piece of shit steals my parking spot, but this takes the cake. I speculated invested in a volatile commodity and my speculation investment has tanked, so I'm totes raging about it on Reddit.
Tin foil hat time.
What if a bunch of BTC got stolen and MtGox knows this. So they make FUD that blames bitcoin protocol knowing it will crash the price. They then take USD and buy up cheap bitcoin to cover the BTC that got stolen. What if this new USD will actually drive the price to new HIGHS!
What the hell. I couldn't even satirize this properly. (TO THE MOON)
What the f$#% is the BTC Foundation doing? Kick Mark Kerpopples off the board. Mark Karpeles is the CEO of Mt. Gox.
If your going to claim to be the representative entity for Bitcoin then act like it. Otherwise you are just as big of a joke as that incompitent twit Mr Krabapple bouncing around on his blue ball. I mean, Jesus H. tap dancing on a crispy truiscuit Christ, do something, anything, or gtfo.
*Edit: Help us Obi-Wan Antonopoulos, you're our only hope.
He's literally tanking Bitcoin! Let's take a rash action in response to a rash action!
Karppoopels is on the BTC foundation board? fuuuuuuck thats bad.
Karppoopels. Heh.
Anyone else from The Bitcoin Foundation want to shit on Bitcoin some with more negative PR?. Drugs, money laundering, "bugs"…c'mon guys…gun running could be next? or something worse?????. I'm sure you've got plenty more from where Shrem and Krapeles came from.
Krapeles. Lmao!
Oh, btw, turns out that you should do a little background check on anyone you're doing business with before you do business with him.
Andreas: Unanticipated bugs don’t come with year-old wiki pages fully documenting them. Gox is full of shit. Some guy tweets a thing.
Andreas keeping it real, as always.
Bravo, sir!
And:
I fucking love Andreas.
And now to the conspiracy:
Perfectly timed manipulation on the part of MTGox, this news comes as the 3 day MACD happens, (exponential average crosses the average bitcoin price), it hadn't crossed since early 2013, so big movement was to be expected.
You can see it on the 3day chart on bitcoinwisdom, the blue line and brown line crossing, this is a BIG sign for automated trading bots to make a move, in this case the exponential average (indicating the latest movement trend) went below the average, this means the trend is downwards.
So MTgox preps up their sells, sets a weekend climate of "some big news is about to come out on monday, everyone keep an eye on your coins"
Then DROPS the bad news, and BOOM goes the dynamite. we have an epic crash.
Meanwhile MTgox sets up its orders on BTC-E around 200.
Yep, makes perfect sense. Destroying your credibility as a business so you can get them sweet, sweet Bitcoins.
MtGox - Your new cold storage solution
Setup:
>Create MtGox account >Enable 2FA >Send BTC to MtGox 
And you are finished, no one will able to get to your coins, they are perfectly safe. /s
Haha, get it, because you can't withdraw your coins? And this is front page material.
At this point you can even call it cryogenic storage
So cold it's frozen.
Ho-ho, such wit, much funny.
The Bitcoin Foundation, Coinbase, Bitstamp and Blockchain.info need to issue a statement debunking Gox's "bitcoin bug" argument
Most people trust MtGox. It's the oldest exchange, was the most mentioned in the media. Their press release is pure bullshit but it's a subject that's way too technical anyway for most people to grasp. We need other big players to step up and reassure people, or this could be the death of Bitcoin.
And what will happen now?
Go on, sell your bitcoin, and bang your head into the wall when the price goes back up.
In the mean time, I'm enjoying the cheap coins.
Hmmm. If one were a Gox insider, today would've been a good day to buy bitcoins. Either for a personal account or for the company's, in order to cover past fuckups.
Are you concerned about the price of your holdings? I appreciate that we just got cheap coins.
Plus the general hatejerk:
How I look forward to the day bitcoin won't be goxed anymore.
Even those outside of gox managed to get goxxed today.
Gox has done the greatest service & disservice to Bitcoin.
Sounds like Mark is trying to raise more fear. He needs to step down from the Bitcoin Foundation.
I guess most of the other players fear legal problems if they say anything bad about Gox...
And the final jerk:
I'm fed up with Gox's incompetence and purposely damaging language to the Bitcoin community: I'm saying it here, I'm willing to invest $50,000 in a legit U.S. in exchange for 5% of the business. Somebody get ahold of me!
This press release from Gox was incredibly shady and deceitful. The majority of Bitcoin market crashes are because of them. We need to step up. I'm willing to step up. Get ahold of me on here!
I'm willing to invest $50,000 in a LEGIT U.S. Bitcoin exchange for 5% of the business.
We can't stand for this, people. We can't let lies like this affect the Bitcoin community this much
submitted by Creep_The_Night to ThePopcornStand [link] [comments]

[uncensored-r/BitcoinMarkets] Why do 12hr and 6hr candles start at 1am and 7am?

The following post by 26EM is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/80473v
The original post's content was as follows:
Why don't they start at 0:00am? see coinbase and bitcoinwisdom charts for examples of 1am and 7am starts.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/BitcoinMarkets] Good correction

The following post by ChinookKing is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ BitcoinMarkets/comments/7zj4ev
The original post's content was as follows:
https://bitcoinwisdom.com/markets/coinbase/btcusd
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

the draft email I've been asked to share - which I use when sending to friends who have asked me about Bitcoin. Feel free to critique / use & share

I wrote in another thread today about an originally 'anti-bitcoin' friend turning their opinion around and now wanting info on buying their first bitcoin. In the post I mentioned that I have a draft email which I send out to anyone who asks me about Bitcoin. (I must state, I never spam friends with it - it's only when they ask.)
wildcat55 has asked if they can see my draft email - so I thought I would share it. As stated in the title, please feel free to critique, or share and use it yourself. It's saved me a lot of effort in not having to re-type / re-hash an email whenever I'm asked.
Also, bear in mind this is meant to be an overview - and that I am UK based, so US services such as Coinbase for buying coins are not an option. There is a premium on buying through Localbitcoins - but at least it is fast & you don't have to upload loads of docs & ID.

Anyway, here it is:

Hello!
Ok, so I'm gonna try and give you all the links you need to get started with Bitcoin. It can seem like a lot to take in at first, but it's actually relatively simple when you get going! I'll try and break into sections....
First off, some background information on bitcoins:
This site has an overview of what bitcoin is, a nice short video, and has a really good FAQ section: https://bitcoin.org/en/ It also has a good 'Getting Started' section: https://bitcoin.org/en/getting-started In the link above, it gives you some pointers on choosing the wallet you want to use. It's probably the first thing you want to get set up with - and if you want to use the same provider as me, which is also one of the most trusted, then it's a wallet with Blockchain.info
Wallet: This is the link to create a new wallet: https://blockchain.info/wallet/new It's free to use (always) and has nearly 2 million users. I highly recommend you set up 2FA (Two Factor Authentication) - this is so that when you try and send bitcoins, you get a text if you've set up SMS as the 2FA method (or you can use Google Authenticator). Basically, no hacker can authorise a transaction to send Bitcoins unless they happen to have stolen your mobile phone too (which would have to be a very determined hacker!) When you have set up your wallet, check out this page about security & how to set up 2FA: https://blockchain.info/wallet/support-pages This wallet provider also has an Android & I-phone app that you can download. When you have bitcoin in your wallet, you can click on the balance to switch the display from BTC to $USD so you can easily see what your balance is.
Buying Bitcoin: I have purchased my Bitcoin from two different places. LocalBitcoins & Bittylicious (funny website name, I know!). Both are quite easy to use and I've never had any problems. With both sites you have to be willing to do a bank transfer to the seller & then the coins are sent to you. You will need to specify a Bitcoin address to send coins to, so this is why you need a wallet set up first of all. Don't be fazed by the price for one whole Bitcoin - you can buy in fractions like 0.1 or 0.15 etc etc - you don't have to buy a whole Bitcoin in one go.
First off, https://localbitcoins.com/ - this works as a middleman between buyers and sellers & is a bit like Ebay in that people have trust ratings for number of trades completed successfully. On their home page there is a buyers guide & a video tutorial you might want to check out. When you sign up at this site they get you to create a wallet with them - this is the place your bitcoin will be transferred to. As soon as you have received them, send them to your blockchain.info wallet address (there is a feature to do this) - do not keep them on their website, because they hold your private key to that address. I'm not saying they are not trustworthy, but the sooner you have your coins in your own blockchain address, the better. At this point I will make you aware that any bitcoin transaction you make is subject to a miners fee of 0.0001 BTC (about 4 pence). So if you move bitcoin and spot it has dropped by a tiny bit, this is why. By the way, potentially you could send 100 grand and it would still only cost 4 pence! this is a big advantage bitcoin has over traditional money transfer services. Oh, also in most cases the transaction is instantaneous, but can sometimes take a maximum of 10 minutes (every 10 minutes a new block is released for miners to solve, but I won't get into that now!) :-)
Take a look at the prices on offer on that site ^ and then compare them to this UK based website (which I have used the last couple of times) called https://bittylicious.com/ This one is a little bit more straight forward in that you don't have to create a wallet with these guys, you just type in your own personal wallet address (blockchain.info address) and your coins are sent directly to that. They have a buying guide here: https://bittylicious.com/help/index.php/Bitcoin_buying_guide
Be aware that both sites will probably put a limit on what you can purchase initially - but this raises as you trade more and build up trust.
News: Ok, so now you have your wallet & some bitcoin (congratulations!). To keep track of the price movements, latest news & use a handy forum, I recommend the following sites: (I have these pinned to my home screen on my phone I use them that often!)
http://www.coindesk.com/ Gives you an oversight of the current price & news articles (check their drop-down menus for more data) http://www.reddit.com/bitcoin This sub-forum of Reddit is really good to follow as a centralised place for breaking news, opinions & personal stories. They are quite a friendly bunch & a good source of info. https://bitcoinwisdom.com/markets/bitstamp/btcusd This is a really good live tracker of the bitcoin price, which you can zoom in and out of - just set the time intervals larger or smaller (15m / 30m / 1hr / etc)
Finally, when you want to learn more about the basics of Bitcoin there is a really good series of videos on YouTube called 'Bitcoin 101 Blackboard Series' - the first one is here & you can to the others from clicking on the authors channel - https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q
I think that should do it for now.... If you have any questions at all, just drop me a line & I'll try to help.
submitted by heniferlopez to Bitcoin [link] [comments]

Is anyone else frustrated with Coinbase's split second $10 Price Hikes?

From what I understand, Coinbase is more of a Brokerage rather than an exchange. This means they have more control over their prices. What pisses me off, is if the price is sitting around... lets say. 575.00. I decide that's a good price. I go to type in ".3" into the buy box, and low and behold the price is (usually) $10 more expensive. I delete my ".3" and retype, and boom, back down to 575.00.
It really feels like people are getting tricked into buying at higher prices because every so often the price is $10 higher than it was a split second ago, and you need to delete and retype before you'll get a refreshed price.
I've been watching the exchange on bitcoinwisom, and it really doesn't seem like many people are getting duped by it, but it does seem like it could be keeping the prices artificially higher than other exchanges.
What also pisses me off is when you see cheap sells on bitcoinwisdom (price is $575.00 and you see a sell for $562.00), You never see that price available for a buy, and I think that's because rather than an exchange Coinbase is an exchange, so rather than agreement between users to buy and sell, Coinbase can buy BTC back from customers cheap, not sell, and then throw in these price hikes periodically.
Here's an example:
Price sitting at $589.83 I'm typing and deleting .1 into buy box waiting for price jump.
Price Jump to 597.83 for a split second.
http://imgur.com/30R3930
Price sitting back at 589.83 less than a second later. No price registered on bitcoinwisdom.
http://imgur.com/BCxtfje,lXXGLNp#0
TLDR: Coinbase splits in $10 price hikes every so often that don't seem to be reflected on Bitcoin wisdom, why do they do that?
Why do they do this? is anyone else frustrated about this? Sorry in advance if the answer to this is common knowledge.
submitted by NotOverHisEX to Bitcoin [link] [comments]

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Live Bitcoin/Litecoin/Ethereum price charts with EMA, MACD and other indicators BitcoinWisdom; Bitstamp 8583.74; BTC-e 2546; Bitfinex 8617; OKCoin 6363.05/ 38800; LTC/USD 41.279542; MARKETS. BTC-e: BTC/USD BTC/EUR BTC/RUR BTC/CNH LTC/USD LTC/EUR LTC/RUR LTC/CNH LTC/BTC: Bitstamp: BTC/USD: BTCChina: BTC/CNY LTC/CNY LTC/BTC: QuadrigaCX: BTC/CAD: Bitcoin.de: BTC/EUR: Coinbase: BTC/USD: Huobi: BTC/CNY LTC/CNY: OKCoin: BTC/CNY LTC/CNY: Kraken: BTC/EUR LTC/EUR: Bitfinex: BTC ... Bitcoinwisdom - Live Bitcoin/Litecoin charts with EMA, MACD and other indicators. Bitcoinwisdom . From BitcoinWiki. This is the approved revision of this page, as well as being the most recent. Jump to: navigation, search. Enjoyed the article? Share: Section: Price Trackers Live Bitcoin/Litecoin charts with EMA, MACD and other indicators. Support many exchanges (Bitfinex, Bitstamp, Coinbase ... Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. BitcoinWisdom – Live Bitcoin/Litecoin charts Bitcoin BTC/Name Price Today 24 hours 7 days 30 days Exchanges Change% Volume Change% Volume Change% Volume Change% Volume USD 6497.91 -0.20 36,584 -1.87 90,780 -7.83 781,102 +17.15 2,259,739 Bitfinex Bitstamp Coinbase EUR 5573.97 -2.02 431 -3.21 1,115 -11.20 10,220 +19.87 27,060 Bitcoin.de CAD 8390.00 -0.12 165 -3.84 390 -9.48Read More

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Bitcoin Core's Feature Proved to be Easy to Exploit, Coinbase CEO Patents Emailing Bitcoin and More

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