I signed up for Vircurex 5 hours ago when you posted that, and still haven't gotten the confirmation email. Does it usually take such a long time for them to approve the account?
Bitcoins
- Thread starter NitzanAdsmarket
- Start date
(O_o)
H̨̼̩͐̑͆̀̚&
Try coinmkt.com Its US based and might work better for you
As far as I know, Vircurex used to handle fiat via Aurum exchange which has shut down operations now. Vircurex also has very low volumes now, so it wouldn't be much interesting for you. BTC-E is coolest of all.
You can just buy bitcons via any of the sites such as Bitstamp, Coinbase or Coinmkt and then transfer them to any other exchange. No papers are required for btc transfers anywhere. Buy any alt coin you want with btc.
"Hi LukeP, I have $417 in affiliate earnings from last month and I want to invest them in bitcoins, how do I do it? Is there any risk that I will lose my $417?"
Yeah that's what I was thinking. The reason I haven't done that yet is btc is fluctuating so much now that if you buy it on coinbase, by the time you actually get the coins and transfer them into btc-e the price could have dropped significantly, so if you're only buying them for the purpose of immediately trading them for ltc then you've wasted a lot of money for nothing.
Thankfully no one has been that boneheaded about it. Most just wanna know how to buy today, which is of course a global epidemic still.
Someone did ask me if I'd sell them all my bitcoins at a rate just under MtGox... You can probably guess exactly which orifice I advised them to make use of their fiat.
"Dropped significantly?" Are you talking about the day of the SR takedown? We've been very steadily ramping upwards ever since. I think you've got your graphs too zoomed in for your own good.
I did not invest most of my savings in bitcoin... Although I wish I had in hindsight.
But my bitcoins did grow to be most of my net worth. They've multiplied 66 Times since I first bought in.
But my bitcoins did grow to be most of my net worth. They've multiplied 66 Times since I first bought in.
No, I'm saying it *could have* dropped in the time it takes you to buy it on coinbase (3+ days), then transfer it to btc-e to exchange all of it for ltc. That's why I was asking if there were any easier ways of trading US dollars for ltc, rather than including the btc step in the middle. I don't want to give up any of my existing btc, I want to buy the ltc with dollars.
My bad, I missed the litecoin reference above somehow.
Sorry, I don't have a clue how to get your USDs directly on litecoins other than wiring it into an exchange like BTC-E.com. Altcoins in general are clearly dying out, and I think we're going to see the end of the litecoin market being taken seriously when this company starts shipping out product and then the miners discover that no one wants their stinkin' litecoins.
That was simply a horrible idea, (just making ASICs for scrypt) and watching it fall flat on its' face will be satisfying.
Wondering why altcoins are dying? One of my favorite Mises authors wrote the perfect article explaining it recently:
The Mises Circle - The problem with altcoins
So in general, I'd advise you to simply stash more in bitcoin. China, Russia, and Argentina certainly are.
Yeah I agree, most of the other altcoins are ridiculous. I do think ltc has a chance though, simply because it's the most well-known after the original. I'll be surprised if the US gov doesn't launch some anti-bitcoin taskforce by this time next year to do everything in their power to shut it down and prevent people in the US from accessing all the major exchanges. If/when this happens, whatever coin is in the "second best" slot will start to take its place.
Just a theory.
They wouldn't go after Bitcoins alone, you know... If they'd like to attempt such as stupid thing, I'd at least give them enough credit to go after all cryptocurrencies at once. -That way the press won't have to repeat the word "bitcoin" on the news so much, leading to a Streisand effect.
Don't get me wrong; there is a use for litecoin to stick around; it would be silver to bitcoin's gold, and a good backup system if somehow a bitcoin-specific virus or something happened. I'm not really rooting for it's demise; I just don't see it ever becoming money because bitcoin has the network effect in its' favor, and can assimilate any new tricks that other coins introduce if needed.
A US cryptocurrency task force would be extremely good for bitcoin... Overseas. Most US wealth would still get out of the country in one way or another pretty quickly, winding up on the blockchain despite their best effort.
The genie is fully out of the bottle now; they'd have about the same luck stopping bitcoin as they did with bittorrent. Watching the fedcoats try to take these networks out would be good entertainment in the meantime, before the USSA gave up or was no more.
Yeah, sucks that it came down that fast from $200... But it'll be back up in no time.
That fucking thing requires a full hand scan, a full face picture, and a full scan of your government ID before it will decide if you are allowed to use it.
Fuckabunchathat.
I'm waiting for the Lamassus to spread, myself. They may be Fiat->BTC only, but no one can tie you to these btcs.
One is in Atlanta now, but the main push won't be until spring.
Fuck sake. After days of waiting my Mt Gox account was finally verified, only to find out that they're on some sort of blacklist and US banks aren't allowed to wire money to their accounts anymore. No wonder all the other cryptos are complete flops, I've had thousands of dollars in my hand ready to buy this shit for weeks and it's virtually impossible to get someone to sell it to you.
(O_o)
H̨̼̩͐̑͆̀̚&
For any Canadians, I can recommend http://cavirtex.com/ for withdrawals at least. They're excellent. BTC comes in, I switch it over to CAD, withdraw it, and it's in the bank account within 48 hours at most. Once was even there after about 12 hours.