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1  Economy / Service Discussion / Re: btcwithdraw.net - No hidden fees on: January 31, 2014, 01:19:55 PM
I cannot understand why would someone with new account make accuses? Competition or what?
Knowing that i received a skrill withdrawal of almost 10 thousand eur (see receive below) makes that claim kinda funny




At which price you made the sell with btcwithdraw.net? and how many btc?
maybe i should have waited, did my sell on $800. got afraid of even bigger fall


Well this receive is from my second withdrawal with them which was at $854. But i got withdrawals on lower prices too, last one went on $839. It really depends from the moment of trade, so if you are not in a rush next time you better watch the price for couple hours before making the sell.


So i could have waited for a better price... i knew...
And sorry guys my intention was not to promote anything just asking questions since i saw the same website. anyway if this is bothering someone i will keep contacting with personal message. no problem. cheers
2  Economy / Service Discussion / Re: What happen with BTC-e? on: January 30, 2014, 11:44:52 PM
Hi,

I had a problem with a deposit on BTC-e 40 days ago.  I put a ticket on their support site on 20th of December and I have not any answer yet about the issue.

Is there anybody in the same situation? Is this usual behaviour on BTC-e when anybody has a problem or my case is unique?

Any help would be appreciated!...

Thanks and best regards,



i had issues with BTC-E too. resolved them in NOT reasonable time so i stopped using them.
currently i am using btcwithdraw.net , so far i get fast payouts and fast replies.
btc-e was pain in the ass for replies, never replied on time or did not reply at all. my hair turned grey because of btc-e's shitty service
3  Economy / Service Discussion / Re: btcwithdraw.net - No hidden fees on: January 30, 2014, 11:31:58 PM
I cannot understand why would someone with new account make accuses? Competition or what?
Knowing that i received a skrill withdrawal of almost 10 thousand eur (see receive below) makes that claim kinda funny




At which price you made the sell with btcwithdraw.net? and how many btc?
maybe i should have waited, did my sell on $800. got afraid of even bigger fall
4  Economy / Speculation / Re: Bitcoin will plummet to $10 by first half of 2014 on: January 30, 2014, 11:24:09 PM
by Victor Kerezov

Mark Williams, a risk management and capital markets professor at Boston University, is out with a bold call – he predicts that the price of one bitcoin will crash to $10 or even lower by the first half of 2014.
Williams is a risk management practitioner and academic with tw-decades of experience from working as a bank examiner at the US Federal Reserve to a commodities trading floor senior executive.
The finance professor observes that the buying and selling of the digital currency is “controlled by only a handful of exchanges in places like China, Slovenia and Bulgaria.” Exchange bankruptcies are not uncommon for the roller-coaster bitcoin market. In addition, the exchanges are based on a peer-to-peer model and regulation is virtually absent.
Bitcoin “has not been bear-market tested and if enough sellers try to run for the door it is not clear that existing infrastructure is capable of executing trade orders without significant time delays and price risk,” clarifies the former commodities trader.
Some bitcoin aficionados claim that the digital currency would replace the US dollar as the new global reserve currency, while others believe the digital form of money would provide a cheaper alternative to expensive payment platforms such as Western Union. “Adding more helium to the story, the Winklevoss twins of Facebook fame, not being shy about talking up their own book, predicted prices would rise to a staggering $40,000 per coin”, notes Williams
At the start of this month, bitcoin peaked at over $1,200 as “e-currency evangelists trumpeted the endless possibilities to be unleashed”. However, the price more than halved since then as the ‘Chinese regulatory pin’ burst the hyper bubble. In the view of the risk management expert, “the market has finally realized that hype alone cannot support lofty prices”.
Mark Williams then goes on to say that every asset bubble has three phases: “growth, maturity and pop”. He believes that 2013 was the maturity stage and we are now entering the time when the bubble pops. “Ironically, China, the second largest economy in the world, helped push Bitcoin prices to the clouds and now is pulling prices back to earth,” observes the former Fed bank examiner. In the last two weeks, the People’s Bank of China banned local banks from accepting the digital currency and then forbade third-party firms from transacting with bitcoin exchanges. In between the two announcement, Baidu, China’s Google equivalent, announced it would no longer accept bitcoins. Other major central banks and banking watch-dogs have taken a similar position like the PBoC, warning against the risks of the e-currency.

Williams then goes to proclaim that “if bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.” Retailers typically work on tight margins and the immense volatility of the e-currency could eliminate all their profit or even result in losses. In this bitcoin world of uncertainty and risk, commerce would ultimately decline and stone-age bartering would increase. “Naturally, as bitcoin price swings increased, the number of businesses willing to accept e-currency risk would decline”, assumes the former commodities trader.
“Bitcoin is not a legitimate currency but simply a risky virtual commodity bet”, argues the academic at Boston University. Even Winklevii’s call that it is a commodity currency may be unfounded because the wannabe currency does not have a tangible value like gold, which is a widely accepted alternative form of money.
Bitcoin is just backed by dreams and it is “only worth what people are willing to pay”, opines the former Fed bank examiner. “As it becomes increasingly evident that Bitcoin will not be the global currency standard, but simply a novel idea that will be improved upon by more nimble competitors such as Litecoin, restrictions and new regulations will be imposed and prices will plummet.”
“I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play”, concludes Mark Williams.

http://invezz.com/news/forex/7726-bitcoin-usd-will-plummet-to-dollar-10-by-first-half-of-2014-predicts-risk-management-expert



So many "experts" these days. They do not even know what is the meamning and value of bitcoin
5  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: January 30, 2014, 11:17:30 PM
btc shown at its best. zero inflation and 100% real value
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