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I saw this. It says you can buy bitcoins from any bank. Can I get euro for bitcoins? And is this from any bank or any bank using Sofort?
I cannot access 247Exchange.com at work so I will definitely check it out when I get home.
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Sold or canceled?
Sold...over the span of several hours. I think the dude lost his Internet connection when he tried to put up a fake wall. Couldn't afford wifi. |
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Need a strong and honest government to build up massive bullet train infrastructure like the one in China.
Private company and local goverment do not have the economic power and law on their side to do project at such scale.
Why is there this "need"? There has been an invention, they call it the aeroplane. It is faster than a bullet train. |
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Ich habe bemerkt, in dem Bild, das ein Geldautomat wurde nach Frankfurt kommen. Ist das noch passieren? Gibt es eine Stelle?
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I find it odd that the results of this poll and the poll asking about a Bitcoin Credit Union are so vastly different when they are both basically the same. https://bitcointalk.org/index.php?topic=810747.0If your company is not willing to pay you in bitcoins (you can probably count on your hand how many will), a Credit Union direct deposit is the easiest way to achieve that. |
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As someone who has started working in a foreign country getting paid in dollars...I have seen first hand how Bitcoin is a huge advantage over wire transfer and currency conversion.
For example, my mother came out to visit me here in germany. She exchanged $1000 to 715 euros before she came out through her bank. That is not including what it would have cost to wire it over here if she was not flying.
I sold roughly 3 bitcoins for 900 euros through localbitcoins, then I bought that same amount of bitcoins on CoinBase for $1024. The straight conversion should have been $1000 for 750 euros (at the time). I charge a 10% margin but could lower it if I needed to.
Why would I use anything other than Bitcoin? Sell me on using Western Union.
Last year I would have agreed with you. However, now I'm a lot more skeptical. If bitcoin is simply a means of money transfer, then why not use Ripple? Or any other alt coin for that matter. It's true, bitcoin could completely replace Western Union and related services, but that bitcoin usage is not unique to bitcoin. It's also not dependent on the price of bitcoin. Another problem is, while Western Union charges a slight percentage, as you noted, moving bitcoins between currencies is also not free. If it was free, there would be no business opportunity. Sure in a Utopian society we may volunteer our services, but in the real world, transferring bitcoins to fiat will never be free. Lastly, there is the issue with security. Western Union is more secure than bitcoin at this current time. I've had my share of experience with being scammed, right here on this forum out of many BTC. I'm a programmer myself, and even with all the technical know-how and knowledge of cryptocurrencies, I've been scammed. Do you really expect the public to understand how to protect themselves against BTC scammers? Sure Coinbase is deemed 'safe' but you should read their Terms of Service. No exchange is 'safe' and we're a very long ways from create an environment safe enough for ordinary people to use bitcoins, whether as a money transfer protocol or other uses. So I should drop this whole Bitcoin thing and go with Western Union because there are scammers, there are other options and you don't trust CoinBase. Which alt coin can I do an online money transfer to? How many ripples can I sell on localbitcoins for euros? |
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Right now, there is a huge dump of 13780 bitcoins on Bitstamp, offered at $300. That's the current price.
SOLD |
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It all comes down to power. Votes, positions, speeches, hair, does not matter. Whoever has the power gets to control how things are.
Wars, police states, etc...all come from that power.
The same people who are against those things tend to also want to feed the power with promises of free stuff.
If you are willing to hand your own power over to someone else, or encourage the use of that power to take from someone else in exchange for promises, you are part of what leads to wars and oppression.
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I don't think people should be forced to use public infrastructure and services, simply because tax whores won't allow competition.
How is that possible? Easy, by not being an asshole, oh wait I forgot! That's too difficult for some people! I mean, how is it possible for someone not to use any public services or infrastructure? They would be able to if there was competition. It is not their fault that the government monopolizes public services and infrastructure. |
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People should go through their lives with the thought that if they can't take care of themselves someone else will be there to take care of them.
That should lead to some sound decision making.
To think that everyone else is selfish and that you need to take care of yourself will just lead to some sort of crazy self reliance that would be terrible for poor people.
Stay in school? Nah, there are unselfish people out there that will help me...school is too hard anyway.
Choose a major in English (which almost everyone speaks) instead of Engineering? If I don't find a job some unselfish person will get me through life...Engineering requires that hard math anyway.
Go get drunk with my friends instead of studying for that exam? My friends aren't selfish, they'll take care of me the rest of my life..the exam isn't important.
Get off my ass and look for a job? Nah, it's much easier to stay at home playing video games, some unselfish person out there will pay for my rent.
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first of october is a new financial year for americans. thus now thy have their taxes sorted they can buy in again for a fresh start  No. Most americans and most companies do not elect for a different fiscal year, following the Jan-December calendar year for taxes. The federal government uses a fiscal year of Oct-Sep, but very few companies use that (April - March is the 2nd most common, behind Jan - Dec). i might be corrected then.. as many contact i have, sold out in september to make their accounting favorable for tax for the end of the financial year (sept 30th), and are now buying back in due to new financial year(oct 1st). the paperwork on the other hand does not have to be submitted yet. i double checked if what they had to say was even half right http://en.wikipedia.org/wiki/Fiscal_year#United_States1st quarter: 1 October 2014 – 31 December 2014
4th quarter: 1 July 2015 – 30 September 2015 You are correct, most companies that work for/with the Federal government have their fiscal years start Oct. 1. I work for government contracting companies and that has always been my fiscal year. Being overseas you probably have more exposure to these types of companies than those not connected to the government. |
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As someone who has started working in a foreign country getting paid in dollars...I have seen first hand how Bitcoin is a huge advantage over wire transfer and currency conversion.
For example, my mother came out to visit me here in germany. She exchanged $1000 to 715 euros before she came out through her bank. That is not including what it would have cost to wire it over here if she was not flying.
I sold roughly 3 bitcoins for 900 euros through localbitcoins, then I bought that same amount of bitcoins on CoinBase for $1024. The straight conversion should have been $1000 for 750 euros (at the time). I charge a 10% margin but could lower it if I needed to.
Why would I use anything other than Bitcoin? Sell me on using Western Union.
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People getting paid in Bitcoin would counter the companies converting bitcoins to fiat.
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There's less than 30k bitcoins to $3000 on stamp.
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So everyone got crazy at 300. 1000's of coins were panic bought and at 320 everyone is like meh, not gonna buy at these levels?
Not much money on the exchanges to buy much more. They need a recharge. |
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A few million dollars a month needed for mining.
Banking industry spends billions per month just for keeping the lights on.
The remittance industry charges tens of billions per year just in fees.
As someone who has started working in a foreign country getting paid in dollars...I have seen first hand how Bitcoin is a huge advantage over wire transfer and currency conversion.
For example, my mother came out to visit me here in germany. She exchanged $1000 to 715 euros before she came out through her bank. That is not including what it would have cost to wire it over here if she was not flying.
I sold roughly 3 bitcoins for 900 euros through localbitcoins, then I bought that same amount of bitcoins on CoinBase for $1024. The conversion should have been $1000 for 750 euros (at the time).
Why would I use anything other than Bitcoin? Sell me on using Western Union.
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more interesting is the coinbase lack of coins - this possibly tells us the miners who they buy from are now close to or below cost of production and are no longer selling OTC, forcing coinbase back to exchange and needing to move fiat back to bitstamp or others. This is more indicative of a floor than any large wall on stamp.
Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.
Most likely CoinBase keeps X amount of dollars on BitStamp and Y amount of bitcoins. They can reload as one or the other starts to go down which allows for the instant purchase when someone buys on their site. But, there were so many people buying against that $300 wall that their X amount of dollars dried up...so now they need to wire more dollars to BitStamp before they can start buying again. |
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So that is the answer to the question of "what if <insert X early adopter/FBI> dumps all of his bitcoin on the market at once?"
it gets gobbled up
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BearWhale fall asleep and someone ate his wall, probably some WhaleWhale Ya, probably some dude was going to put up a fake wall and then drop it so the price would shoot up but then lost his Internet connection. LoL, yes, that would be perfectly ironic, he has $10M, but forgot to pay $20 for the internet, his thoughts got interrupted in this fashion: "Now, I'm the ruler of the bitcoin community....".... "What?! NO! NO! NO!"... :| :| :| ... (runs from his basement to the kitchen).... "Mom, have you paid the internet bill"... "No, sonny".... "But mom, it's sunday, where am I supposed to pay the bill now?!"... "Eat my apple pie, it would me much clever, there is no money in what you are currently doing"... "But MOM!"  lol |
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And the wall...came tumbling down...
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