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yeah, I've had experience with Skrill over the years (as Moneybookers) and I am aware of their hardline policy against "transferrers". I'm also aware that some people can get away with doing repeated large amounts over time, luckily I am one (touch wood)
Now that Neteller have taken over them we may see some changes, Neteller have historically been more of a pain in the ass than Skrill.
I was just hoping for a different angle on the same problem really. Have they suspended accounts and then relaxed once you've explained that you are selling BTC?
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If you sell a large amount of BTC via Skrill, have you had any problems with Skrill since you are receiving so many transfers from different accounts?
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I dont know about you but Im interested if it changed hands and who to.
It is a service that relies on integrity and trust, customers need to know whos integrity they rely on and who they are trusting
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dont bother with virwox, timewasters will take your info and tell you in a few days that they view you as high risk.
I applied with a 10 year old VIP skrill account with numerous forms of ID available, to convert $50 to BTC. Refused.
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i find it risky to diversify too much into altcoin, you need to choose at best 3 altcoin carefully, and only the big ones, yeah i know that some unknown ones sometimes explode and give you x10-x25 but is too much of a gamble
i think that dash is just a pump and dump trash, nxt and monero may be better choice
altcoins in general are one big pump and dump scheme. altcoins, it doesn't matter which one are not investments. it's pure gambling. You're not wrong, but gambling and investing are pretty much synonymous. That said, these are the equivelant of penny stocks. They are a high risk investment and not the sort I would want to have a significant part of a portfolio in |
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would you want some more neteller occasionally? would take BTC
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OP, be very careful who you accept payment from. Only use trusted members here
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yeah this was probably just a brain fart  |
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Im asking more about why the demand for satoshis is so high when one can buy ample amount to perform all functions that BTC provides with just a few thousand satoshis.
Its like if 100 grams of gold did the same job as 1kg, you would not need to buy 1kg right?
Unless of course you only bought it as an investment.
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The value of a bitcoin comes from its ability to perform as a utility, as an anonymous, instant, cheap way to send funds globally correct? So as long as you can get enough units of bitcoin to perform this function, then there is no need for people to fight over the remaining units and push the price up via supply and demand. The function that Btc performs could be performed just as well with 1000th, 1 millionth as many satoshis. There is no need for us all to have 1 000 000 000 satoshis each to be able to send what at the moment equates to ~$230 when 230 00 satoshis would do the job just as well. Why are we bidding against each-other to buy more? More would do the same job... So why isnt the value of bitcoin settling much, much lower? Are genuine users forced to conduct transactions at an artificially inflated rate? Why isnt much closer to 1 satoshi=1 cent? That would enable transactions to be conducted just as they are now, we would all have enough bitcoin to not worry about bidding against eachother to buy some. Lets compare it to gold, always clearer in gold  1kg in gold might provide the vital components for a machine that is worth $100 000. It is the most expensive use case for gold on earth hypothetical example) Because of this, it sets the market value for gold (not withstanding speculation and investment influences on the price) There is no reason for people to suddenly start paying 1000 times as much for that same kg of gold. Its price is in-line with its real world applications. So why does this happen with BTC? We can still send money anonymously, instantly, feeless with 1 000th as much of a BTC? The price is completely unrelated to its real world applications and demand for the utility. |
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ok, just a thought here so please bear with me, and apologies for posting in this thread almost randomly...
The value of a bitcoin comes from its ability to perform as a utility, as an anonymous, instant, cheap way to send funds globally correct?
So as long as you can get enough units of bitcoin to perform this function, then there is no need for people to fight over the remaining units and push the price up via supply and demand.
The function that Btc performs could be performed just as well with 1000th, 1 millionth as many satoshis. There is no need for us all to have 1 000 000 000 satoshis each to be able to send what at the moment equates to ~$230 when 230 00 satoshis would do the job just as well. Why are we bidding against each-other to buy more? More would do the same job...
So why isnt the value of bitcoin settling much, much lower? Are genuine users forced to conduct transactions at an artificially inflated rate?
Why isnt much closer to 1 satoshi=1 cent*? That would enable transactions to be conducted just as they are now, we would all have enough bitcoin to not worry about bidding against eachother to buy some.
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loaning bitcoin is dangerous due to the high volatility of the currency. If it goes down in value, sure you get paid back but you get less than you lent out. If it goes up in value, you risk the borrower defaulting as he now has to pay back double/triple+++ what he borrowed Yes you can compensate for these factors to an extent but it seems like very low returns once you factor everything in, and quite labour intensive. Plus you are still dealing in bitcoins, so it does not diversify your portfolio at all. Buying gold is a great example, and I will almost certainly do so Next up, an S&P 500 index tracker paid for with bitcoins please! With 1 broker you can trade the S&P 500. (and much more) Solid post thankyou. The thing that puts me off is that everything is settled in Bitcoin, so the investment is still hinging on Bitcoins value. I would prefer it to be settled in say dollars, euros, gbp, a currency of choice and then wired to bank or just converted back to BTC at withdrawal. It is a good way to tuck some coins away if they pass due diligence though. |
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Thing is noone wants to take Neteller in bulk from a low trust member like me, because it can be used as a proxy for CC payments and charged back.
and also, there is hardly any activity on that page.
Thanks anyway
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Buying Amazon vouchers with Neteller...
If deposit bitcoins into neteller you cannot use the VCC/CC options, is there a good way to convert Neteller>AmazonGC in this situation?
Checked out jour-cards.com but that seems to be a scam
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loaning bitcoin is dangerous due to the high volatility of the currency. If it goes down in value, sure you get paid back but you get less than you lent out. If it goes up in value, you risk the borrower defaulting as he now has to pay back double/triple+++ what he borrowed Yes you can compensate for these factors to an extent but it seems like very low returns once you factor everything in, and quite labour intensive. Plus you are still dealing in bitcoins, so it does not diversify your portfolio at all. Buying gold is a great example, and I will almost certainly do so Next up, an S&P 500 index tracker paid for with bitcoins please! |
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that looks very interesting, thankyou.
The rates on bullion aren't bad, even when delivered at £50 postage
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think services like this: https://www.bullionvault.com/something that can be invested in, and then sold for fiat if wanted in a few years time without having to take delivery and keep a bunch of assets lying around the house. |
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if you want to have bitcoin without using fiat, you can try mining, or some altcoin(always by mining)
or with some altcoin that do a giveaway
Sorry maybe I wasnt clear with my post I want to spend my bitcoins on other investments to diversify a bit eg pay for physical gold using my bitcoin edit: but ideally I was thinking a certificate of ownership for gold held in swiss banks. Not just buying gold coins in the post. assets which ownership is held digitally would be ideal (think certificates of ownership) |
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What is there to invest Bitcoins in without having to cash out to fiat first?
I was looking for ways to buy physical gold (held in bank), stocks/shares, stuff like that, but options seem very limited.
Any ideas?
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