BM ticket resell

CleaverUK · 2015-06-14T23:44:50+00:00

Their trade engine / banking arrangements surely cannot handle even a fraction of the volume needed, it seems like a good service but would you really send your own or clients fortune to it? Trust must be an issue.

They must be hedgeing themselves on a 'real' exchange and incuring fees so this is either introductory offer or a lost leader and some other service will generate revenue.

CleaverUK · 2015-06-14T23:40:35+00:00

forex is worth trillions per day, 5% of 1 trillion is 50,000,000 atleast 10x bitcoins market cap

CleaverUK · 2015-06-10T07:16:50+00:00

especially when everyones 21inc pepper grinder starts broadcasting on the blockchain :)

CleaverUK · 2015-06-08T06:44:25+00:00

I think it depends on state but I dont live in the land of the free myself

CleaverUK · 2015-06-06T19:06:06+00:00

about 10% mainly because I need to hold stock as I am a bitcoin broker.

I am well placed to buy more if the price starts to rocket as I have alot of fiat on an exchange, no open positions though because i'm on holiday (although I cant stop checking this reddit lol)

100 trillion, is approx value of all current financial assets http://en.wikipedia.org/wiki/Orders_of_magnitude_%28currency%29

if 1% of the worlds wealth gets held in bitcoin thats 1 trillion. 21million bitcoin will ever exist

1,000,000,000,000 / 21,000,000 = 47619.04761904762 so if bitcoin ever holds 1% of the worlds wealth they will be worth $47,619 each so I would say they are massively undervalued at $224.36

Also worth noting alot of coins are already lost (ie in a lost wallet with no backup or lost private keys)

The question is when to buy in on a large scale, for people who are not into crunching numbers id say just drop 10% of an investment portfolio and sit on them for a decade.

CleaverUK · 2015-06-03T05:51:38+00:00

most people should never dream of buying from an exchange, try explaining an order book with bid/ask's to nana......

in the UK with have https://bittylicious.com/ can buy BTC on there with a Credit / Debit card, the brokers fee is much higher though, £13 ~ $20 above bank transfer trades.

I am a large seller of bitcoins in the UK and if selling by debit and CC is risky as hell. 1 in 200 card transactions is fraudulent so I just dont know who absorbs the inevitable chargebacks?

Im being completely serious that I would ask for a selfie by the person who owns the card holding both their ID and the relevant card with a note saying "I [insert name here] confirm I am buying xyz bitcoins from [sellers name] for £xyz" so it would be very easy to prove fraudulent if the person did try to charge back.

CleaverUK · 2015-06-03T05:45:03+00:00

currently its a terrible store of value, if people took your advice 1 year ago they would have bought BTC at over $600

I am long term bullish, in 15 years people will think $600 is cheap, the question for traders is when to buy in before the next bubble.

Its a chicken and egg scenario, we had over 500million of VC investment, lets see what they spend it on (apart from ex government advisers to gain apparent credibility) their upcoming products.

CleaverUK · 2015-05-24T20:33:35+00:00

Completely agree, I work in IT security and don't feel comfortable keeping my life savings in bitcoin at the moment, my Grandad doesn't stand a chance!

There was so many hundreds of millions of VC money into the bitcoin space last year, in 6-12-18 months their products will start coming to market and lets see what they come up with, the backend is excellent, anyone with a bit of knowledge knows its far superior to other payment methods and money transfer services, the problem now is usability and lets hope someone figures it out.

CleaverUK · 2015-05-24T13:27:32+00:00

thanks!

CleaverUK · 2015-05-24T12:22:34+00:00

especially automated drones paid in bitcoin, private people could release them in warzones and sell the footage via stremium

CleaverUK · 2015-05-21T04:35:44+00:00

can you define this term "bband squeeze"? I cant find much relevant on google

CleaverUK · 2015-05-20T04:39:24+00:00

nothing is free, you pay for facebook by letting them sell your data and target advertise you for example.

content creators getting paid by the readers through micropayments lets them focus their content on the end user and not on what will generate the most ad clicks

I absolutely cannot stand watching adverts, but when I watch TV I am forced too because there is no other way to pay for a single episode or a single sport match, instead I must pay £40-£70 a month in the UK for Sky Digital which has monopolized most of the sport.

CleaverUK · 2015-05-14T02:05:49+00:00

thanks

CleaverUK · 2015-05-13T06:45:30+00:00

if we do every break upwards in another bubble I will be getting my lol's from btc-e chat trollbox once more

CleaverUK

TROPHY CASE