It's difficult to ensure all Bitcoins that are being withdrawn are 'clean', and not drug related.
I don't quite follow this. |
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After yesterday's announcement, if you're still on BF, please consider getting everything out today for gods sake.
Do you just mean BTC? Shares will be OK there untill we see what Kens plans are/Dec 1st wont they? |
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As usual the Troll makes no sense, why would you recover lost souls from a ship sinking then bury them at sea? Absurd.
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 -8pts |
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As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.
Sure, you have your fees and then you'll have your forex/gold/securities trading room. But I'm fairly sure you cannot make 50% pa on an institution-sized trading account. If you did you could join the Soros club. If they were that good at trading and proven to be so then it would have been much cheaper and easier to simply raise money for a trading fund. Well they might not have had the account size to trade that big? They now have funds I'm guessing to head hunt a small junior trading team from a minor fund or the like. But even a great team (which they likely can't afford) couldn't make the required balance sheet impact without taking major risks. Thats another layer of risk that the company can't survive a failure on. Does error account 88888 still work? |
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As previously stated, we are going to be generating many streams of revenue, our success is not just based on the appreciation of BTC.
Sure, you have your fees and then you'll have your forex/gold/securities trading room. But I'm fairly sure you cannot make 50% pa on an institution-sized trading account. If you did you could join the Soros club. |
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Yes the big boys could try and destroy us, but how long will it take for them to stop laughing at the little guy, long enough for us to be strong enough to resist? If Bitcoin doesn't take the step towards the true mass adoption, then it will eventually fizzle out as a fad.
Like ex-trader I'd ideally like to see this 'bank' do well, but the business model is far too fragile, from what we've been told, to give a decent chance for that success to happen. You admit the big boys could eat you for lunch and they only thing stopping them would be if you quickly became strong enough. Well by that you might mean if BTC continues it's upwards trajectory after you launch, because from what I can see no matter how many Cypriot householders deposit with you, a 40% sustained dip in BTC could potentially ruin the company (and wipe out those savings). You can't base your success on a guaranteed appreciation (within neobee forcast margins) of BTC. Not when manipulation of the currency (which would be so easy with a market cap of just 3Billion) is so likely by your competitors. Best of luck with it but you need to realise your current model is not very secure in the cut-throat market you are entering and do something about it. You need to create that firewall that will mean a huge dip in btc value will not ruin neobee - and thus prevent your competitors from attacking you on that front. Without that protection you are gambling essentially. And your investors and customers need to realise your current strategy is extremely high risk and the loss of everything will be a real risk in the initial stages. Investor caution: In summary - do not put all of your eggs in this basket. Lloyds (LBG) just lost another 440Million GBP in the last quarter, everything with 'Bank' written on it does not automatically turn to gold. Far from it. |
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And the ECB report on crypto currencies was quite positive...
Ever heard of propaganda and the term 'secret agenda'? The ECB like any other bank are running scared from BTC. The report was not positive, it was ominous. The future is regulation or condemnation or criminalisation. I'm not saying BTC banks wont be able to do business in the future, (the ECHR should guarantee that in Europe) but the likes of NeoBee with it's fatal business model will not be allowed to succeed when the financial sector elite can offer their own BTC infrastructure and profit hugely from it themselves. You think they will sit back and watch their source of capital migrate over to BTC banks and shrug their shoulders? HsBc have just be fined 2Billion USD for laundering terrorist/drug/mafia money around the world. Come on, they are absolutely ruthless, and will back middle eastern terrorists, russian mafia, mexican drug lords to prop up their own balance sheets and shareholders divs. |
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If it gets there the next hurdle is financial attack from every corner of the western world.
How does this theory explain why Germany, economic powerhouse of Europe, has taken such a benign stance on bitcoin? You need to see the distinction between the elected political leaders with their often idealised intent/need for public appeal/propaganda, and the real shakers and movers that we might call the global financial elite. When 'Germany' takes a positive stance on btc what does that mean? It might simply be a Government PR ploy to save public criticism while behind the scenes they plan an attack on btc. 'We have no objections to btc - honest'. And if it is an honest position in practical terms it might not amount to much. In the UK for example with some of the recently 'nationalised' banks (UK Government major shareholder after bail-out) the board are giving themselves outlandish bonuses despite public criticism from the Government (major shareholder!). So what control over long-term strategies does the German finance minister have over Bundesbank anyway? Possibly a bit in this instance as the Board are partly assigned by the German gov but the sovereign banks are only half of the picture anyway. Lets meet Europes biggest operator The Santander Group. 1.2 Trillion Euro in assests with over 100million customers, 43Billion Euro revenue in 2012. Can anyone suggest a way in which they could destroy NeoBee? And suggest a motive for that destruction? Lets discuss. |
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All valid points but tanking price is what these people do every day, many of them are career market manipulators with billions in funds behind them. If they wanted to buy neo they would turn it to dust first, then buy it out for 5% its previous value.
For share holders it may then succeed but odds wise I would put this in the hundred to one stakes overall. Yes largely because of the mass adoption issue which is their first and biggest struggle. If it gets there the next hurdle is financial attack from every corner of the western world. You'd need Steven Seagal for even half a chance and I don't think even he would fancy the risk.
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All kinds of bitcoin companies and investments would be in trouble if someone decided to waste 100s of millions trying to send the price right down. In practice that would be very difficult to do for long. Critique by all means, but be sensible about it. Yes it may happen but that is an extreme case. If one believes it too likely, one would not invest in bitcoin at all.
Asking about a basic hedging strategy is fine but there has already been a reasonable amount of discussion. The reality is that NEOBEE does rely primarily on a stable or rising exchange rate in the short and medium term. If bitcoin falls much in the medium term then NEOBEE will fail, but then it also likely means bitcoin has failed. It's also like asking what happens if lots of people decide to empty their bank accounts - a bank run will take any bank out. NEOBEE are no different. If the price falls too much for too long before they have got sufficient resources put away and then they can't fulfill the obligations, they will have a problem.
Your other question is a pure practical one awhich one can answer by properly reading the materials and posts.
This is beginning to read like an exercise in trolling. In the securities section. Again. For a change.
Good response but you are not seeing the big picture which is that neobee is not any other btc stock, and, global finance is a players game. If neo took a significant portion of peoples savings in Cyprus then it will be a globally significant event. Neo would be destroyed over a period of months through market manipulation of the price of btc while the banking system created its own neobee type infrastructure and made plans to adopt btc into the mainstream. It might well cost a few hundreds of millions but have you seen how much a global bank turns over never mind the funds available to the Fed. All that money could be made back with a pump on btc. There may be room for new btc based banks to evolve into the fixed, monopolized market that is global finance but only if they are immune or safeguarded from attack from the old guard. Neobee is not safe because a temporary dive in btc can kill it. It has no firewall. For the big boys a temporary dip would be child's play. So if neo is a success it will be crushed into dust. They are playing in the big boys sandpit. And these boys are amongst the dirtiest, most ruthless and immoral operators on the planet. |
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Not sure what exchange you are using ex but you want to think about moving - 213 USD on mtgox right now and 203 on Bitstamp. Still, good question  Opps you said Euros, my mistake. |
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I suggest you read it fully, its fairly scary once you start to consider what happens if BTC doesn't go up or goes down. Funnily enough thats not shown in the plan. Just the idea that they'll be able to cover these losses through some special secret 'trading'......
There are many institutions or sovereign banks that could destroy NeoBee if they thought it was a challenge to their interests. They would not be required to work as a consortium, some of these global players have Billions of dollars that they could use to manipulate the market into new low after new low. They would likely accumulate BTC over a long period, then continually dump on every new dip undermining confidence. The result is months of declining btc value. That alone could bankrupt NeoBee before you consider how they could manipulate the Euro to Neo's detriment. Without a working hedge strategy for declining btc value NeoBee is doomed. Is there one? There might be in a few years when BTC market-cap is 20Billion, but not now. |
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The truth tellers have been proven correct. That's why we are not allowed to post.
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You twat VE. Proven to be a paranoid looser AGAIN. Why don't you and crumbs get a room. -----THREAD CLOSED----- |
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I'm confused as to why anyone would want to use this exchange when the fees are now more expensive than BTC-e. It costs more to trade alt coins on mcxnow - check. OK so maybe it's liquidity? Well there are over 3k logged into BTC-e right now but only a third of that number logged into mcx on a huge news day! So there is only a third of the number of users on mcxnow - check.  EDIT: mcxnow-- People buying Litecoin 74.41773458 BTC (TOTAL) BTC-e (Litecoin) Buy orders Total: 2736.35 BTC |
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Agreed. VE is scum, and a cry baby.
Ken deletes 10 Troll posts a day from you people. Are you going to start a thread for each of them? Total looser.
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mwhaaa my posts are being deleted.
delete this you cunt.
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great thread you piece of shit. lol
wanker face
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you are crumbs you sad fuck.
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