January 17, 2018, 04:44:45 AM

Author Topic: Bitcoin  (Read 16814 times)

Offline kapusta

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Re: Bitcoin
« Reply #240 on: January 08, 2018, 02:53:52 PM »
Korbit is great!

Now good luck with that Korean premium... It's about 35% now. This is positively nuts.


1 BTC on Korbit = 24,265 USD

1 BTC on Coinbase = 15,836 USD

Edit: Oops,  math...
« Last Edit: January 08, 2018, 03:00:24 PM by kapusta »

Offline JohnD

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Re: Bitcoin
« Reply #241 on: January 08, 2018, 05:59:14 PM »
Not Coinbase, but coinnest.

It seems like coinnest requires me to install a software for their identification process.

Offline raysmith

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Re: Bitcoin
« Reply #242 on: January 11, 2018, 09:35:45 AM »
Extract from article today.  Link to full article at the bottom of this post.

"Warren Buffett plans for the future … and it doesn't involve bitcoin.

Famous billionaire investor Warren Buffett has told the world he would never invest in bitcoin or other cryptocurrencies.

"We'll never have a position in them," Mr Buffett, 87, said in an interview with CNBC.

"I can say almost with certainty that cryptocurrencies will come to a bad end.""


This is not a recommendation to buy, sell, hold or do anything whatsoever with bitcoin or cryptocurrencies.

http://www.abc.net.au/news/2018-01-11/warren-buffett-plans-for-the-future...and-it-doesn27t-involve-b/9319810

Offline thunderlips

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Re: Bitcoin
« Reply #243 on: January 11, 2018, 11:13:08 AM »
Extract from article today.  Link to full article at the bottom of this post.

"Warren Buffett plans for the future … and it doesn't involve bitcoin.

Famous billionaire investor Warren Buffett has told the world he would never invest in bitcoin or other cryptocurrencies.

"We'll never have a position in them," Mr Buffett, 87, said in an interview with CNBC.

"I can say almost with certainty that cryptocurrencies will come to a bad end.""


This is not a recommendation to buy, sell, hold or do anything whatsoever with bitcoin or cryptocurrencies.

http://www.abc.net.au/news/2018-01-11/warren-buffett-plans-for-the-future...and-it-doesn27t-involve-b/9319810

Crypto-currencies are here to stay me thinks, for better or worse. I don't have any, but wish I could get in on the arbitrage right now. I think alot of the older folks don't seem to realize the potential and usefulness of a crypto-currency. It's a bit like saying oil/coal is here to stay forget solar/wind/etc.
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Re: Bitcoin
« Reply #244 on: January 11, 2018, 11:29:51 AM »
Leave the forum. People are here to get advice about Bitcoin and other crypto currencies. We don't want naysayers like you.

Let's not fight, guys and gals. Enjoy this light hearted innocuous Kpop music to brighten the mood and relieve the stress and tension:



 8) :afro:


Online JNM

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Re: Bitcoin
« Reply #245 on: January 11, 2018, 11:50:33 AM »
Extract from article today.  Link to full article at the bottom of this post.

"Warren Buffett plans for the future … and it doesn't involve bitcoin.

Famous billionaire investor Warren Buffett has told the world he would never invest in bitcoin or other cryptocurrencies.

"We'll never have a position in them," Mr Buffett, 87, said in an interview with CNBC.

"I can say almost with certainty that cryptocurrencies will come to a bad end.""


This is not a recommendation to buy, sell, hold or do anything whatsoever with bitcoin or cryptocurrencies.

http://www.abc.net.au/news/2018-01-11/warren-buffett-plans-for-the-future...and-it-doesn27t-involve-b/9319810

Crypto-currencies are here to stay me thinks, for better or worse. I don't have any, but wish I could get in on the arbitrage right now. I think alot of the older folks don't seem to realize the potential and usefulness of a crypto-currency. It's a bit like saying oil/coal is here to stay forget solar/wind/etc.

By that do you mean “correct”?

Unless you include nuclear in “etc”, wind and solar just don’t have the theoretical capacity to replace fossils, much less actual real-world performance.


Offline Snoah

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Re: Bitcoin
« Reply #246 on: January 11, 2018, 12:52:47 PM »
https://www.rt.com/news/415546-south-korea-cryptocurrency-trade-ban/

Not an investor in crypto but I wonder what impact this will have. Not looking good IMHO.

Offline kapusta

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Re: Bitcoin
« Reply #247 on: January 11, 2018, 01:10:50 PM »
I don't expect Warren Buffet to grasp cryptocurrency. It's a new paradigm and it's not his world. I think I've heard him admit just that in an interview somewhere before.

I do think it's good to listen to other (especially smart people's) perspectives with an open mind, however. I don't disagree with the last quote. I agree that a lot of people (I have my own opinions on which people) will get burned pretty badly at some point.

Bitcoin will never 'end' though. I mean, the price could drop to about zero, but as long as two + people run a node, the network will always exist.

Offline kapusta

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Re: Bitcoin
« Reply #248 on: January 11, 2018, 01:32:24 PM »
https://www.rt.com/news/415546-south-korea-cryptocurrency-trade-ban/

Not an investor in crypto but I wonder what impact this will have. Not looking good IMHO.

These kind of stories come and go all the time. At the moment, it's just spreading FUD though.

If it did actually happen, I would argue that the crypto space would be healthier without Korea for a bit (a ban couldn't last forever). The waves of sheer frenzy that pop up here in my opinion make crypto less stable. And it is almost completely gambling rather than investing here. I mean, Bitcoin Gold, the other garbage projects to remain nameless that the markets here pump money into with no care or understanding for how bad the project is. That does happen everywhere. But I think it's a lot worse here, where as a rule people blindly pile-on to the trend without question.


Offline tanis62458

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Re: Bitcoin
« Reply #249 on: January 11, 2018, 04:03:16 PM »
so should we move everything off korbit and bithumb to binance then or will this all lead to nothing happening? 

Offline oglop

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Re: Bitcoin
« Reply #250 on: January 11, 2018, 04:54:29 PM »
https://www.rt.com/news/415546-south-korea-cryptocurrency-trade-ban/

Not an investor in crypto but I wonder what impact this will have. Not looking good IMHO.

http://m.news.naver.com/read.nhn?mode=LSD&mid=sec&sid1=100&oid=052&aid=0001104792

Something like...

From the Korean presidential administration: Shutting down exchanges is not a position of the govt. The presidential administration is not in the position of banning exchanges which was stated by the department of justice, which is one department out of many in the government. While we understand the risks of speculation as described by the department of justice, we also will take into consideration the innovation of blockchain technology when deciding regulatory practices for blockchain. We will make sure that regulation occurs in a manner which is best suited for the country.

sounds like they created FUD on purpose to line their own pockets with cheap coins

Offline thunderlips

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Re: Bitcoin
« Reply #251 on: January 11, 2018, 05:10:37 PM »
Extract from article today.  Link to full article at the bottom of this post.

"Warren Buffett plans for the future … and it doesn't involve bitcoin.

Famous billionaire investor Warren Buffett has told the world he would never invest in bitcoin or other cryptocurrencies.

"We'll never have a position in them," Mr Buffett, 87, said in an interview with CNBC.

"I can say almost with certainty that cryptocurrencies will come to a bad end.""


This is not a recommendation to buy, sell, hold or do anything whatsoever with bitcoin or cryptocurrencies.

http://www.abc.net.au/news/2018-01-11/warren-buffett-plans-for-the-future...and-it-doesn27t-involve-b/9319810

Crypto-currencies are here to stay me thinks, for better or worse. I don't have any, but wish I could get in on the arbitrage right now. I think alot of the older folks don't seem to realize the potential and usefulness of a crypto-currency. It's a bit like saying oil/coal is here to stay forget solar/wind/etc.

By that do you mean “correct”?

Unless you include nuclear in “etc”, wind and solar just don’t have the theoretical capacity to replace fossils, much less actual real-world performance.

Two different arguments crypto vs renewable energy. But for both I never said they would replace the current mainstays, fiat money and fossil fuels.  Although a few countries are 90-100% renewable energy. No country has changed its official monetary system to crypto.
Kor Share at jcink

Offline JohnD

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Re: Bitcoin
« Reply #252 on: Yesterday at 05:42:29 PM »
What's with the new korbit deposit and withdraw thingy? they sent a message saying that I have to withdraw to a bank that is partnered with them? Does anyone know which bank?

Offline Renma

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Re: Bitcoin
« Reply #253 on: Yesterday at 05:52:03 PM »
What's with the new korbit deposit and withdraw thingy? they sent a message saying that I have to withdraw to a bank that is partnered with them? Does anyone know which bank?

It's upcoming. They'll let us know.

Online JNM

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Re: Bitcoin
« Reply #254 on: Yesterday at 06:03:53 PM »
What's with the new korbit deposit and withdraw thingy? they sent a message saying that I have to withdraw to a bank that is partnered with them? Does anyone know which bank?

It's upcoming. They'll let us know.
Sounds like implementing the capital controls laws.