Haven't purchased anything yet. Was hoping I'd find someone here to purchase for me through their verified account and I can do bank transfer to them.
Wanting to mine. Moved houses a week ago notified Telstra two weeks prior so they connect a house 500 kms away with the same address still no phone or net frustrated.
hi To the top. Been trying to spread the litecoin and Atlantis word. I think the quick verification will be a big positive.
Going to be leaving BOTH mine mining now I think. Gives me numbers like this "Your average speed for 10 minutes ~ 1178 KH/s.", so it'll help.
Actually, with btc-e, do I just add Litecoin's from my wallet to their finances section and then I can trade/sell that for USD that will be credited to my account? Just making sure I have some sort of exit strategy.
This is how im going to do it, i know someone that does exchanges from paypal/paxum to okpay the only thing is i don't get paxum until next week. When i do ill send $300usa from paxum to okpay (not sure on fees) $300 i dont need to be verified then transfer to btc-e. If that works out i dont mind doing paypal/bank deposit for coins as long as you have trades on here and no more than 20 paypal (or silver swap).
Noticed that BTC-e does Paypal withdraws in USD too. 5.5% fee on it though . so many fees! As to the above, we'll see how you go.
I think the exit strategy is the most important thing here .Trying to determine the quickest out seems to be the archilles heel . . From reading your guys posts it looks like the fees are worse than banks & nowhere as easy to cash out . Maybe trading out is the way to go
Could not agree more. So far, my best route is: 1. Send coins from my wallet to BTC-e finances section 2. Trade out for USD 3. Withdraw USD from BTC-e using Paypal option 5.5% fees charged and minimum $50 USD withdraw for using Paypal But to be fair, it's the only thing I have found in the whole Bitcoin/Litecoin world that even resembles something usable as a payment system.
There was a post on Mt.gox's Facebook page that said they are going to look into a ltc exchange after they have completed their current exchange system upgrade. I hope that is up and running by the time I need to cash out, as all my my.gox cash outs have been very quick but with a tasty $10 fee which means I have to have 2 less beers for the week
OK back to the thread's original title ..... How are bitcoins still considered to be a limited resource if there are now also litecoins ? And when litecoins go up in value won't there be minicoin or something else ? And what is to stop others from launching further xxxcoin systems ?
It looks like soon there will be an over abundance of internet crypto-currencies with a lack of 'real world' support (too much hassle if you want to convert to AUD, lack of interest from business on a broad scale, governments now beginning to respond negatively). With one widely supported crypto currency you have something that stands a chance of making a real impact. But with multiple currencies your chances of getting that wide support diminishes greatly. Can I buy stuff on Amazon with Bitcoin, Namecoin, Devcoin, Litecoin, Solidcoin, Ixcoin, PPCoin or Terracoin? No. I'm interested in Bitcoin, but that's just my feeling about it right now.
