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posted by
cmn32480
on Wednesday June 07 2017, @12:31PM
from the where-it-is-all-made-up-and-the-dollar-value-does-matter dept.
from the where-it-is-all-made-up-and-the-dollar-value-does-matter dept.
Cryptocurrencies, as a whole, now hold over $100 billion in market cap for the first time. While bitcoin (BTC) leads the pack at just over $46.6 billion, or 47.9 percent of all cryptocurrencies, the recent surge in these other coins has helped to push the total cap over the top.
Since the Bitfinex hack low on August 2, bitcoin has traded better than JP Morgan, Goldman Sachs, Tesla, Apple, Google and gold. One of the few stocks to match the frenetic pace of bitcoin has been Nvidia, which is up over 200 percent since July of last year.
[...] Although China, Japan and South Korea are trading at a ~$100-plus premium compared to the exchanges in the United States, most of the volume [on June 5th] has been driven by USD.
Source: Bitcoin Magazine
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Cryptocurrencies Hit $100 Billion Market Cap
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Everything you know is wrong!
(Score: 2) by JNCF on Wednesday June 07 2017, @07:14PM
LocalBitcoins.com [localbitcoins.com] doesn't sell bitcoins, they simply pair up buyers and sellers. They don't have to collect your personal information, so you can make a throwaway email account and create an account. You can find highly rated sellers who will send you bitcoins in exchange for cash. There are local sellers (maybe), but you can also send cash through the mail. The sellers I've seen had requirements about folding up the bills in multiple sheets of paper, for obvious reasons. Then they videotape themselves opening the letter in case they need to prove how much money they recieved, but you're ultimately taking their word for it and if they decide to stiff you it will be almost impossible for you to tell if it was them or a nefarious postal worker. That's why you want to find a highly rated seller. But this is a tedious way to carry out an easy to automate task, which is why you're going to pay a premium to get bitcoins this way. Rates vary, but I think I remember one seller charging 5% above a certain exchange's rate at the time he recieved the money and ordered the coins, with something like a $200 minimum per order.