Bitcoins - Page 18 - Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

Kelekin · 11-28-2013, 01:02 AM

EDIT: Nevermind! Carry on. :P

Azure · 11-28-2013, 10:32 AM

Honestly, BTC-E is better, because if you mine LTC, you can just convert to BTC, and then sell them on localbitcoins through their escrow service.

Paypal is extremely risky, and I've sold BTC twice now the past few days to reputable dealers on there and haven't had a single problem. Sure, I pay $100 under market value, but it is worth it. I don't get why people would do anything else. There is a guy on localbitcoins doing bank transfers at $1100 per BTC right now. And he has a great reputation.

Thor · 11-28-2013, 11:26 AM

Quote:

Originally Posted by Hack&Lube

Wow, I wonder where all my namecoins are from 2 years ago. Might have thousands but I probably converted them to BTC

Dude I found something to cheer you up!

Remember the saying, it could be worse... Well yeah check this poor guy out.

http://www.theguardian.com/technolog...-landfill-site

Quote:

Missing: hard drive containing Bitcoins worth £4m in Newport landfill site
A digital 'wallet' containing 7,500 Bitcoins that James Howells generated on his laptop is buried under four feet of rubbish

Hack&Lube · 11-28-2013, 11:33 AM

Because of my gambler's disease (feel like I lost a million dollars at the Casino) and the urge to get it back, I am going full on ASIC + GPU mining. There goes the new car fund.

And that poor guy who tossed his hard drive...that's why I had various wallets and some of them were in the cloud. I might have a USB stick somewhere with a couple of bitcoins on it though, but I doubt there's anything left on there.

Azure · 11-28-2013, 11:37 AM

I found a single BTC on a exchange that I had forgotten about. Quickly cashed that out.

Thor · 11-28-2013, 12:07 PM

Quote:

Originally Posted by Hack&Lube

Because of my gambler's disease (feel like I lost a million dollars at the Casino) and the urge to get it back, I am going full on ASIC + GPU mining. There goes the new car fund.

And that poor guy who tossed his hard drive...that's why I had various wallets and some of them were in the cloud. I might have a USB stick somewhere with a couple of bitcoins on it though, but I doubt there's anything left on there.

Haha you go black friday butterfly labs??

Kelekin · 11-28-2013, 09:19 PM

I still don't have time to set up my GPU miner, but in the meantime, I have 0.5 LTC stuck in a pool that requires 1 LTC as withdrawal. So time to mine it with my terrible Nvidia card for 6 days to get that damn thing out!

CrunchBite · 11-29-2013, 01:06 AM

Any recommendations on ltc pools?

Kelekin · 11-29-2013, 05:43 AM

Quote:

Originally Posted by CrunchBite

Any recommendations on ltc pools?

Coinotron is pretty solid for LTC. 2.0% fee.

Miniac · 11-29-2013, 01:41 PM

LTC at $29 and dropping.

MrCallahan · 11-29-2013, 02:57 PM

Signed up for a Vault of Satoshi account, and debating how I want to approach this. Do I try getting into BTC when the price is so high?? or do I go into LTC or PPC, hoping those pick up some pace? With the LTC fluctuation that has been happening recently, that could be an indicator to get into that, it may replicate the history that BTC went though, lots of highs and lows.

Flamenspiel · 11-29-2013, 04:31 PM

Ok, question for one of the experts on here. The fellow with the 7500 virtual bitcoins stored on his hard drive, lets say he finds it tomorrow and takes it to the bank(a real brick and mortar bank). Would they convert that to 4m in hard currency? How liquid are bitcoins?

Miniac · 11-29-2013, 06:04 PM

eBay Inc. considering accepting Bitcoin

Quote:

eBay Inc. (Nasdaq: EBAY) is considering accepting virtual currency Bitcion. Speaking on CNBC, Head of eBay Marketplaces, Chris Payne, said eBay was looking into it

http://www.streetinsider.com/Managem...n/8934241.html

Rathji · 11-29-2013, 06:15 PM

Quote:

Originally Posted by Flamenspiel

Ok, question for one of the experts on here. The fellow with the 7500 virtual bitcoins stored on his hard drive, lets say he finds it tomorrow and takes it to the bank(a real brick and mortar bank). Would they convert that to 4m in hard currency? How liquid are bitcoins?

7500 is a lot, but he would have to sell them on a bitcoin exchange. A bank doesn't accept bitcoins.

Azure · 11-29-2013, 09:40 PM

He could easily sell them all if he did a 10-15% discount on the whole lot at once.

Otherwise you can sell them relatively easy in batches.

stang · 11-29-2013, 10:19 PM

I dont understand any of this... therefore I think its stupid.

However I do have some mining equipment kicking around... if anyone wants to come set it up for me, Ill pay you in stangcoins

BigNumbers · 11-29-2013, 10:55 PM

I am currently mining Litecoins on my spare PC - Any suggestions on how best to exchange them for USD? I don't have any other accounts, bitcoins, etc..

I understand that I likely have to go Litecoin -> BCoin -> $

Can anyone tell me how they've done it?

Miniac · 11-30-2013, 12:13 AM

Quote:

Originally Posted by BigNumbers

I am currently mining Litecoins on my spare PC - Any suggestions on how best to exchange them for USD? I don't have any other accounts, bitcoins, etc..

I understand that I likely have to go Litecoin -> BCoin -> $

Can anyone tell me how they've done it?

You can sell your LTC here for USD.
https://btc-e.com/

BigNumbers · 11-30-2013, 12:14 AM

Quote:

Originally Posted by Miniac

You can sell your LTC here for USD.
https://btc-e.com/

So I should use btc-e to flip my LTC for BTC and then use that local option Azure posted to then flip the BTC into USD?

Azure · 11-30-2013, 10:40 AM

Quote:

Originally Posted by BigNumbers

So I should use btc-e to flip my LTC for BTC and then use that local option Azure posted to then flip the BTC into USD?

If you want to get your money almost instantly that is how I would do it.

Localbitcoins is actually an escrow service, and they take a fee, but it is worth it.

I would never trade with anyone without escrow.

It takes a long time to get USD out of any exchange including BTC-E.