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Mt. Gox bitcoin exchange review - CoinDesk
Dwolla to Mt.Gox transfer sent before seizure notice, what ...
1300 Dollar pro Bitcoin! Mt.Gox Entschädigung - IOTA News ...
Why I'm buying Bitcoins
I first saw Bitcoin in December of last year, downloaded and ran the client, saw an exchange at $0.24, and was like, "meh" - another attempt at a currency. Good luck with that. I spent about half an hour, and moved on. Last week, they came back on my radar, and after about a day of reading, and I decided to buy some (they were at $9.5USD/BTC then). I've seen a whole lot of people argue about a whole lot of different reasons and theories, but frankly, my reasons are simple.
I would use them.
The system is transparent. I've read the code, I've seen and (mostly) understand the algorithms. While complicated in implementation, Bitcoins have orders of magnitude more transparency than existing financial systems.
Bitcoins do not depend on trust, they depend on algorithms. They are not backed by guns, they are backed by computation. There will be no bailouts, no federal funds rates. Frankly, I'd rather live in a world where resources and trade came from smarts and computation than in a world where resources are backed by force and fear.
The peer-to-peer nature of the technology, combined with the incentive structure for keeping it going will make stopping bitcoins extremely difficult nigh impossible. Stopping bitcoin at this point would require making computers legal only with a license, and having explicit permission to use the Internet for approved applications. Not going to happen.
I have very low confidence in the dollar. Given that, I have very low confidence in the stability of existing financial systems. I no longer think that it is a matter of "if", but rather a question of "when" and "how" we will see another serious recession/depression/crisis. The same people who caused the last crisis are still running all the banks and investment houses. Their greed will overcome their caution again, and there will be larger crisis points. When that happens, at least now there are alternative currencies the world will take seriously.
I feel a bit late to the party, missing out on $0.24 bitcoins. See a price chart I made from raw trade data on MtGox http://i.imgur.com/ut2Fl.jpg Getting Bitcoins now is not easy, at all. After 7 days, Dwolla still has not processed my transfer, and I have yet to participate in any market.
However, the price of a Bitcoin is determined only by demand and utility. If no one wants them, the price goes down, if people do want them the price goes up. Given that that Bitcoins can be accepted by anyone using a computer - I think lots of people all over the world will want to use them, and their price could be extremely high, breaking through 100,1000, or many 10s of thousands or even higher in the months to come.
I find no structural flaws in the system that will bring it down. Have I bet my house on it? No. Have I translated all my savings into bitcoin? No. That would be foolish. But I am buying some.
Mt. Gox is the most widely known bitcoin exchange, but it has suffered a chequered history. We take a look at all its features so you can decide whether or not it’s the exchange for you. Launched in 2010 Mt. Gox was the world’s largest bitcoin exchange until its demise in 2014. By 2013, the Japan-based exchange was handling 70 percent of all bitcoin trades worldwide, but collapsed in 2014 after it was revealed that it had lost 744,408 of its customers’ bitcoins and 100,000 of its own bitcoins, amounting to the loss of approximately 7% of all bitcoins at the time. Breakout Trade Idea - Update Looking at the 5m chart we can see the recent breakout above the resistance level of 980 has occurred but is clearly losing momentum. Watch for a test of support at 980 to confirm this upmove. If support is not achieved at 980, then we will likely see prices move to the lower level of support at 860 and possibly much lower. limit my search to r/Bitcoin. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" url:text search for "text" in url selftext:text search for "text" in self post contents self:yes (or self:no) include (or exclude) self posts nsfw:yes (or ... Beware: Renko chart, time is not evenly distributed, a new block appears when price has changed past the threshold. Don't try to predict a reversal, buy or sell when a new block has appeared in the opposite direction.
BitCoin: Transferring funds from Dwolla to MtGox and Buying at Current Exchange Price
The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. http ... In this video Jason talks about how to get money from Dwolla to MtGox. He also shows you how to buy bitcoins at current exchange price. This is the second step in buying bitcoins. What is BitCoin ... Department of Homeland Security Shuts Down Dwolla Payments to and From Mt. Gox - The DHS issued a "seizure warrant" for the funds associated with Mt. Gox's Dwolla account. More here: http ... In this video Jason talks about how to get money into Dwolla. This is the first step in buying bitcoins. What is BitCoin: http://youtu.be/Um63OQz3bjo Dwolla:... MtGox Bitcoins to BTC Bitcoins in 50 seconds BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http:/...