Mt Gox Rehabilitation Plan Delayed Again to December 15 ...

Lessons from Bitcoin, Coinbase & Mt. Gox: Why being first may not mean much

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Lessons from Bitcoin, Coinbase & Mt. Gox: Why being first may not mean much

Being the first to do something often counts for a lot. Whether it is Armstrong being the first to step on the moon or Karl Benz manufacturing the first automobile… public memory and perception usually fall back on the first movers. This is the case in the cryptocurrency market as well, an industry where entities […]
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Bitcoin traders crippled by server overload (BitStamp), withdrawal/deposit lags (Mt. Gox), and brokers maxing out their daily buy limits (Coinbase). How does an average US speculator/investor even participate right now?

I have accounts established at Mt. Gox, BitStamp, Coinbase, and LBC.com. But it seems like every single bitcoin exchange/purchase platform is experiencing technical difficulties, banking lag, or web traffic issues. I'm hesitant to attempt to deposit USD for coins anywhere at the risk that my $5k-$10k could get trapped in limbo for days or weeks with one of these unreliable (during times of high activity) exchanges/brokers.
COINBASE
They've been hitting their max daily buy limit on and off as the bitcoin coaster rolls up and down. Investors are using Coinbase as a pseudo-exchange because of the poor performance of more suitable platforms, but the increased traffic has made the site unreliable for purchasing and even accessing. If you're trying to "get in" during a dip, chances are you'll either be unable to login or be hit with a "max daily limit" error. Not cool.
BITSTAMP
Many people here are reporting delayed deposits hitting their Bitstamp accounts. Wire transfers are taking multiple days, rather than overnight, if they arrive at all. Not to mention their website has been down on and off since last night. You can't reliably login and maintain a session, so it becomes risky to hold your USD there. What if you want to make a move and the servers crash for 3 hours? Unacceptable.
MT. GOX
Do we even need to mention how retarded it is to trade on Gox? I just saw a thread where someone is still waiting 7 months for their USD withdrawal. Gox is infamous at this point for not being able to pull out your American Dollars. You may be able to deposit and get some coins, but Gox prices are the highest in the land and you'll have to sell them elsewhere at very reduced value, totally slicing into your gains. Moral of the story: Stay away!
LOCALBITCOINS.COM
With the wild swings in the market, it's impractical to make big, fast moves when you have to drive to Starbucks to hand a guy $5k cash for some BTC. By the time you get back to your house, who knows what the market will look like. Good option for those wanting to simply get some bitcoin and hold it forever. Not an option for people looking to trade or making quick moves day-to-day.
Serious Question:
How are average US speculators and investors supposed to participate in the bitcoin market right now with the increased traffic crippling all of the entry points? Increased traffic from increased awareness and desire to participate should be terrific for all of us holding some coin, but when the buying platforms aren't able to handle the influx, we're stuck on the outside just watching the charts and furiously F5-ing on the login screens of our exchange of choice.
Bit of a rant, I guess. Chime in with any thoughts on the current situation.
submitted by Kuriye to Bitcoin [link] [comments]

JP Morgan Bitcoin - Mt Gox - Abra App - Independent Reserve Crypto Insurance - Coinbase Earn & Wallet - Amazon Crypto - Opera Browser Ethereum

JP Morgan Bitcoin - Mt Gox - Abra App - Independent Reserve Crypto Insurance - Coinbase Earn & Wallet - Amazon Crypto - Opera Browser Ethereum submitted by PrimeCoinz to CryptoCurrency [link] [comments]

BitcoinMeister - The 1 Bitcoin Show- Bloomberg's Mt. Gox crypto-noise, Coinbase, an easy is it your BTC test

BitcoinMeister - The 1 Bitcoin Show- Bloomberg's Mt. Gox crypto-noise, Coinbase, an easy is it your BTC test submitted by Yanlii to cryptovideos [link] [comments]

New to Bitcoin. What makes Coinbase safe? Can it not do what Mt Gox did?

Excuse my ignorance, but I've only recently taken an interest in Bitcoin. I remember reading about what happened to Mt Gox but see people suggest Coinbase all of the time. I have a wallet using Electrum and purchased some Bitcoin using Circle, and then transferred it to my Electrum wallet. What benefit does Coinbase have and what makes it secure?
submitted by FryDay444 to Bitcoin [link] [comments]

Why You Should Never Store Bitcoin In An Online Exchange (Like Mt. Gox -OR- Coinbase)

Why You Should Never Store Bitcoin In An Online Exchange (Like Mt. Gox -OR- Coinbase) submitted by johnrmeese to Bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] Garry Tan, early Coinbase investor: "Bitcoin had the Mt Gox hack and shutdown, Ethereum had the D...

The following post by ziscz is being replicated because the post has been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7wnqp2
The original post's content was as follows:
https://twitter.com/garrytan/status/962402953712693249
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] Garry Tan, Early Coinbase Investor - "Bitcoin had the Mt Gox hack and shutdown, Ethereum had the ...

The following post by painslice is being replicated because the post has been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7worji
The original post's content was as follows:
https://twitter.com/garrytan/status/962402953712693249?s=09
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] Early Coinbase investor: - "Bitcoin had the Mt Gox hack and shutdown, Ethereum had the DAO hack. ...

The following post by Balkrish is being replicated because the post has been silently removed and some comments within it have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7wsobo
The original post's content was as follows:
https://twitter.com/garrytan/status/945722805147930624
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Could Coinbase be the next Mt Gox? /r/Bitcoin

Could Coinbase be the next Mt Gox? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinbase Custody Targets $10 Billion in Institutional Funds for Bitcoin Investment - European Central Bank Considering Bitcoin Regulation - Ethereum Could Soon Launch Its First Casper Testnet - Mark Karpeles Floats Token Sale to Revive Mt Gox

submitted by cryptocompare to cryptocompare [link] [comments]

Coinbase: Mt. Gox May Have Stumbled, but Bitcoin Will Thrive

Coinbase: Mt. Gox May Have Stumbled, but Bitcoin Will Thrive submitted by songcoin to Bitcoin [link] [comments]

Bitcoin and Altcoin Prices Skid as Crypto Market Cap Reaches Monthly Low - Mt Gox CEO's Embezzlement Trial Begins Today - $20,000: IRS to Exempt Casual Bitcoin Buyers From Coinbase Data Request

submitted by cryptocompare to cryptocompare [link] [comments]

Elephant in the room... What's going on with Coinbase? The next Mt Gox disaster? /r/Bitcoin

Elephant in the room... What's going on with Coinbase? The next Mt Gox disaster? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How can I move my Coinbase bitcoins over to my Mt.Gox account?

Tittle says it all. I just want to make sure I'm doing the right way.
submitted by ozzie54 to Bitcoin [link] [comments]

SOS... I AM HAVING MT. GOX FLASHBACKS $$$ * ! READ NOW. * Coinbase & Gemini SCAMS? * Beware /r/Bitcoin

SOS... I AM HAVING MT. GOX FLASHBACKS $$$ * ! READ NOW. * Coinbase & Gemini SCAMS? * Beware /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Where are all these Bitcoins coming from when we buy them from Coinbase or Mt Gox?

Do they just have a huge supply that they gathered from miners? How are they suppliers of Bitcoins?
submitted by fromfocomofo to Bitcoin [link] [comments]

Bitcoin Startup Coinbase Surges Past 1M Consumer Wallets In The Post-Mt.Gox Era

Bitcoin Startup Coinbase Surges Past 1M Consumer Wallets In The Post-Mt.Gox Era submitted by Dickdog911 to Bitcoin [link] [comments]

Why are Bitcoins at Mt Gox trading so much higher than Coinbase

Right now Mt Gox is trading Bitcoins at $928 and Coinbase at $803.
Why the big difference?
submitted by davidrharris1 to Bitcoin [link] [comments]

[How To] Fetch the prices of Bitcoin from Coinbase, Mt. Gox, Bitstamp, LocalBitcoins or BTC-E

I created a collection of scripts that make using the current price of bitcoin in tasker easy. It can get data from Coinbase, MtGox, BTC-E, LocalBitcoins or BitStamp. Here's the github page for it.
Usage
First, download coinbase.js or preev.js from my github repository to the storage of your android device.
preev.js expects the contents of http://preev.com/pulse/source:bitstamp,btce,localbitcoins,mtgox/unit:btc,usd to be loaded into the variable %HTTPD. Coinbase.js expects https://coinbase.com/api/v1/prices/spot_rate to be loaded into the %HTTPD variable.
This can be easily accomplished with the HTTP GET action in tasker. Simply put the respective URL into the Server:Port field when setting up the HTTP get action.
After the proper URL is loaded, use the JavaScript action and point it to either preev.js or coinbase.js, and the script will parse all of the data neatly.
Example tasks
I created two example tasks to aid with setting up my scripts.
coinbase_example.xml and preev_example.xml are examples of tasks that fetch data from either coinbase or preev and execute the included scripts. These example tasks expect coinbase.js or preev.js to reside on the SD card root.
Understanding the variables
Coinbase.js is much simpler than Preev.js. It uses three variables.
Preev.js gets data from many more sources so it produces many more variables.
Ideas for application
Some current ways that I'm using these scripts on my Android device:
Let me know what you think. If my instructions aren't clear enough, comment and I can help you get everything set up.
-firloop
submitted by firloop to tasker [link] [comments]

Is it possible to trade in bitcoin completely outside your own computer? e.g. only using a trading account (mt gox, coinbase, etc) Or do you have to have the client running on your own computer with your own wallet?

submitted by HuggableBear to Bitcoin [link] [comments]

Coinbase Standard? -- No OKPay for MtGox -- Roseanne Barr Supports Bitcoin! (#029) MtGox Bitcoins to BTC e Bitcoins in 50 seconds - YouTube Cryptocurrency Market Quick Look! MtGox Revival? Coinbase Digital Asset Security! Ethereum's 96% Crash on Coinbase, Mt. Gox pt. 2? What to do if you lost money. The 1 Bitcoin Show- Bloomberg's Mt. Gox crypto-noise, Coinbase, an easy is it your BTC test

Bitcoin Lessons from Bitcoin, Coinbase & Mt. Gox: Why being first may not mean much. Published. 3 months ago. on. July 12, 2020. By. Jibin Mathew George. Source: Pixabay. Share; Tweet; Being the first to do something often counts for a lot. Whether it is Armstrong being the first to step on the moon or Karl Benz manufacturing the first automobile… public memory and perception usually fall ... A joint statement was also issued by Blockhain.info, Coinbase, Kraken, Bitstamp, BTC China, and Cirlce—six leaders of the Bitcoin industry—denouncing MtGox for their action. Advertisement “This tragic violation of the trust of users of MtGox was the result of one’s company actions and does not reflect the resilience or value of bitcoin and the digital currency industry,” the ... Bitcoin-Börse Coinbase und BlockFi bereiten sich auf den Börsengang (IPO) vor; Hedgefonds kaufen MtGox Bitcoin Forderungen. Corinna Brandau 14. Februar 2017 Bitcoin, Börse, Neuigkeiten Leave a comment. teilen ; teilen ; twittern ; teilen ; spenden ; Seit mehr als drei Jahren warten MtGox Gläubiger, dass sie wenigstens ein paar ihrer verlorenen Bitcoins zurückbekommen. Aber es ist noch ... One difference is that Coinbase doesn't keep a balance of USD (or other fiat) in your account, only bitcoins. The other major difference is that Coinbase has not (AFAIK) shown any signs of incompetence or malice jeopardizing your bitcoins stored there (these signs, I hear, were around for a long time before Mt.Gox finally died). 16,000 bitcoins (an amount worth about $141 million) tied to the now-defunct bitcoin exchange Mt Gox were moved on Thursday. According to CryptoGround, which monitors Mt Gox’s remaining wallets ...

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Coinbase Standard? -- No OKPay for MtGox -- Roseanne Barr Supports Bitcoin! (#029)

Was Mt. Gox partially responsible for the recent #Bitcoin sell-off? Kraken acquires Crypto Facilities, Facebook x Chainspace, SEC solicitation notice, Coinba... My Travel & Cooking YouTube Channel - https://www.youtube.com/channel/UCvPemSKBukSLEtklQmHj5gg Bitcute - https://www.bitchute.com/channel/josearteaga/ Use ... We fared pretty well overnight, but this morning I saw an alarming piece of news- the Mt. Gox trustee has started consolidating BTC in a wallet address, of an amount of 16k BTC, or about $140 ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Vienna, Austria -- I'm the Let Wall Street Pay for the Restoration of Main Street Bill -- Here are Today's MadBits: 1.) Coinbase Leads Charge In Bitcoin's Co...

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