|
if we get to 600 in 48-72 hours then you will see the real panic buying
|
|
|
|
How can you say there is 0% chance of below 200? That is ridiculous. There is no such thing as 0% chance. What if tomorrow,
1. U.S. bans bitcoin
2. A flaw is found in the code
3. EC or SHA256 is broken
4. The existing exchanges shut down due to fraud or seizure.
5. Someone randomly decides to dump 30KBTC at market on bitstamp.
6. The economy melts down
sub 1% total. 6 is not a case. in a meltdown btc will only correlate weakly. "sub 1%" chance for Bitstamp going belly up because Unicredit suddenly pulls the plug, and prices plunging as a result (even if just for a flash crash from which we immediately recover)? That's an awfully optimistic stance (and I say that as an active trader on stamp). EDIT: in case this isn't clear from the above, and lest I be accused of "bear FUD"... there's nothing wrong with Unicredit and Bitstamp right now, to my knowledge. Don't panic. I just consider the entire banking/exchange situation to be somewhat fragile, so in my mind, there's a > 1% chance that things can go sour without much warning. The local unicredit Branch employees are Bitcoin bulls, I know few of them personally, but this doesn't represent the big picture of what Unicredit Bank as a corporate thinks about Bitcoin which is unknown for me... I'm sure they are, I suspect the Bitstamp account brings in quite a nice bit of revenue and fees. But that's not the point, right? We were assigning probabilities to events, pulled out of our asses, but motivated by our experience and expectations. And my experience and expectation is that the banking interface is a fragile one, that could break. Not likely, so I personally don't see more than a, say, 5% chance that it happens, but "sub 1%" is another way of saying it's nigh impossible, and that I disagree with. I agree, I was just pointing out that Banks are aware of Bitcoin, and when we say Banks we are not talking about computers and buildings but about people and employees running/working in these banks. yet, I share the fear with many of you, if something somehow happen to an exchange's Banking account, basically only people who have funds there are fucked, but if anything happens to the bank (just look to the new EU Bank bailing road-map) than not only Exchanges are fucked but pretty much everyone living in EU and the ones who didn't even hear about Bitcoin will be the most effected. if I summarize the situation, what is happening in the world right now doesn't look so promising, and having fiat sitting in your bank account is not safer than having Bitcoin sitting in your wallet, even when considering a scenario when an exchange like Bitstamp gets fucked up by its bank, the consequences will be temporary comparing with what could go wrong if something similar happens with the EU banking system. The fact is that an exchange commingling all their customers funds in one single bank account is simply non-compliant, and even illegal in most of the EU. Just check how brokers work: you need to open a bank account UNDER YOUR NAME on a certain bank, and give the broker an authorization to operate with your account for this or that purpose - but customers funds are never commingled, each customer has his own separate bank account. Bitcoin exchanges (apart from B-C afaik) do not operate that way (not even Kraken), exposing customers to a huge risk. It just takes one rotten seed (eg, a drug dealer) operating in exchange X and the only option LE has is to freeze the full account - that's why you cannot take customers deposits* in the EU if you are not a bank. *deposit = holding funds on behalf of a third party - those funds are NOT legally yours, you are just holding them on behalf of your customer - that's what banks and only banks do. I get the Idea of how brokers work, but an Exchange dealing with Bitcoin is simply acting an Escrow while brokers have a different business model than a Bitcoin exchange. Stock exchanges are not designed for everyone, but Bitcoin is designed to be widely used for normal users who wont go through the hassle of opening an account and linking it to an exchange just to buy a bitcoin. coinbase operates the same way as you described above, but coinbase without an exchanges like Bitstamp wont be possible, unless the adoption of Bitcoin by merchants and their daily transaction volume becomes equal to the need of users to buy/sell. |
|
|
|
How can you say there is 0% chance of below 200? That is ridiculous. There is no such thing as 0% chance. What if tomorrow,
1. U.S. bans bitcoin
2. A flaw is found in the code
3. EC or SHA256 is broken
4. The existing exchanges shut down due to fraud or seizure.
5. Someone randomly decides to dump 30KBTC at market on bitstamp.
6. The economy melts down
sub 1% total. 6 is not a case. in a meltdown btc will only correlate weakly. "sub 1%" chance for Bitstamp going belly up because Unicredit suddenly pulls the plug, and prices plunging as a result (even if just for a flash crash from which we immediately recover)? That's an awfully optimistic stance (and I say that as an active trader on stamp). EDIT: in case this isn't clear from the above, and lest I be accused of "bear FUD"... there's nothing wrong with Unicredit and Bitstamp right now, to my knowledge. Don't panic. I just consider the entire banking/exchange situation to be somewhat fragile, so in my mind, there's a > 1% chance that things can go sour without much warning. The local unicredit Branch employees are Bitcoin bulls, I know few of them personally, but this doesn't represent the big picture of what Unicredit Bank as a corporate thinks about Bitcoin which is unknown for me... I'm sure they are, I suspect the Bitstamp account brings in quite a nice bit of revenue and fees. But that's not the point, right? We were assigning probabilities to events, pulled out of our asses, but motivated by our experience and expectations. And my experience and expectation is that the banking interface is a fragile one, that could break. Not likely, so I personally don't see more than a, say, 5% chance that it happens, but "sub 1%" is another way of saying it's nigh impossible, and that I disagree with. I agree, I was just pointing out that Banks are aware of Bitcoin, and when we say Banks we are not talking about computers and buildings but about people and employees running/working in these banks. yet, I share the fear with many of you, if something somehow happen to an exchange's Banking account, basically only people who have funds there are fucked, but if anything happens to the bank (just look to the new EU Bank bailing road-map) than not only Exchanges are fucked but pretty much everyone living in EU and the ones who didn't even hear about Bitcoin will be the most effected. if I summarize the situation, what is happening in the world right now doesn't look so promising, and having fiat sitting in your bank account is not safer than having Bitcoin sitting in your wallet, even when considering a scenario when an exchange like Bitstamp gets fucked up by its bank, the consequences will be temporary comparing with what could go wrong if something similar happens with the EU banking system. |
|
|
|
How can you say there is 0% chance of below 200? That is ridiculous. There is no such thing as 0% chance. What if tomorrow,
1. U.S. bans bitcoin
2. A flaw is found in the code
3. EC or SHA256 is broken
4. The existing exchanges shut down due to fraud or seizure.
5. Someone randomly decides to dump 30KBTC at market on bitstamp.
6. The economy melts down
sub 1% total. 6 is not a case. in a meltdown btc will only correlate weakly. "sub 1%" chance for Bitstamp going belly up because Unicredit suddenly pulls the plug, and prices plunging as a result (even if just for a flash crash from which we immediately recover)? That's an awfully optimistic stance (and I say that as an active trader on stamp). EDIT: in case this isn't clear from the above, and lest I be accused of "bear FUD"... there's nothing wrong with Unicredit and Bitstamp right now, to my knowledge. Don't panic. I just consider the entire banking/exchange situation to be somewhat fragile, so in my mind, there's a > 1% chance that things can go sour without much warning. The local unicredit Branch employees are Bitcoin bulls, I know few of them personally, but this doesn't represent the big picture of what Unicredit Bank as a corporate thinks about Bitcoin which is unknown for me... |
|
|
|
for the sake of the argument, I am offering you 10€/hour (even I don't get that much) each time my grass rises 5cm to have this going for some time, and I will pay for your bus ticket and I will pay your lunch as well, how does that sound for you ?
it is not that much, but it is a start, is it cool ?
Better than nothing  Does he live in the same city with you?  Or this is sarcasm? What if he lives 3000km away and you will need to pay for his tickets?  Most expensive grass cutter ever he is near me (20 Km), he said he will come with a bicycle. |
|
|
|
Mmitach, res rabis kosnjo?
na kateri lokaciji?
Kranj Poslal pm sem poslal odgovor. |
|
|
|
Mmitach, res rabis kosnjo?
na kateri lokaciji?
Kranj |
|
|
|
Zdravo vsem, jaz sem prišel na ta forum iskati donacije, ampak so mi kaj kmalu izbrisali temo, mojo zgodbo si lahko preberete v mojem podpisu, če lahko delite z kom link oz. postavite link v svoj podpis bi bil zelo vesel, saj bi rad zbral denar, da se rešim svojih težav. Hvala vsem za podporo.
Sam si boš moral pomagati, ni smisla v prosjačenju.  Če bi prebral in se uživel v zadevo, bi mogoče opazil, da si ne morem pomagati. pa hvala za podporo Jaz ti plačam 0.005 BTC, če mi 2x na mesec pokosiš travo (skupaj okoli 2 ure dela), za bencin, kosilnico in vodo poskrbim jaz. če te prav razumem mi plačaš po trenutni vrednosti bitcoina 2$ za 2 ure dela, kar je 1$/uro oz. 0.72€/uro ? 72 centov? če ti je 72 centove premalo, jaz namesto 0.005 dam 0.02 a je cool ? pa še poskrbim za pijačo in hrano. EDIT: kaj znaš delat, v smislu Skills ? Znam mariskaj po malem: excel, fizicna dela, urejanje besedil, kontroling, minimalno racunovodstva v SAPu, znam sraufat avto osnovno, popravim lahko kako kolo, zamenjam windowse oz. Os nasploh, prepleskam sobo, barvam z kompresorjem ali na valjcek, brusim kovine, vrtam luknje, lahko prekopljem vrt, sprehajam psa, grem v trgovino, sestavim pohistvo, najraje pa vozim, ce je kaka dostava, prevoz itd.., lahko dam feedback oz. Kritiko, lahko testiram igre Oz. Aplikacije za pc in android. Lahko tudi kak del v racunalniku zamenjam, laptop sem nekajkrat popravil... Skratka lahko delam marsikaj, povej kaj rabis.. |
|
|
|
|
for the sake of the argument, I am offering you 10€/hour (even I don't get that much) each time my grass rises 5cm to have this going for some time, and I will pay for your bus ticket and I will pay your lunch as well, how does that sound for you ?
it is not that much, but it is a start, is it cool ?
|
|
|
|
ahhhh ok: I almost finished masters in finance and banking management, have 3 years working expirience (2 in controlling, 1 year in accounting), i can do excel stuf for a full day . I have some little trading expirience, but i mainly lost everything. Then start a thread in Services, if you have any qualifications maybe someone will hire you. Also, stop begging in the Slovenian and Croatian threads. Job done, will let you know how it works... like i promissed, i got my first offer, from guy in same country like me. He is offering me 2$ for 2 hours of work, thats 1,45€. Note that buss in my city costs 1,2€ and one hot-dog costs 2,5€. thanks, but i think i might be better off waiting for my jail time. Here: https://bitcointalk.org/index.php?topic=23321.msg6201745#newzdaj ponujem 10€/uro (še jaz ne dobim toliko) +prevoz+ malica ? plus tega povej kakšen skill imaš ? mogoče ti bomo lahko pomagal dobit šiht. |
|
|
|
Zdravo vsem, jaz sem prišel na ta forum iskati donacije, ampak so mi kaj kmalu izbrisali temo, mojo zgodbo si lahko preberete v mojem podpisu, če lahko delite z kom link oz. postavite link v svoj podpis bi bil zelo vesel, saj bi rad zbral denar, da se rešim svojih težav. Hvala vsem za podporo.
Sam si boš moral pomagati, ni smisla v prosjačenju. Če bi prebral in se uživel v zadevo, bi mogoče opazil, da si ne morem pomagati. pa hvala za podporo Jaz ti plačam 0.005 BTC, če mi 2x na mesec pokosiš travo (skupaj okoli 2 ure dela), za bencin, kosilnico in vodo poskrbim jaz. če te prav razumem mi plačaš po trenutni vrednosti bitcoina 2$ za 2 ure dela, kar je 1$/uro oz. 0.72€/uro ? 72 centov? če ti je 72 centove premalo, jaz namesto 0.005 dam 0.02 a je cool ? pa še poskrbim za pijačo in hrano. EDIT: kaj znaš delat, v smislu Skills ? |
|
|
|
|
who ever is dumping is really funny, assuming that they are a couple of guys, why dump 100BTC at a time repeatedly when you can dump them all at once... maybe testing the reaction of people ? trying to set off panic mode ?
I don't usually give advice, but at this point it is really risky to be selling to try to catch a bottom.
|
|
|
|
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong. At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp. You can bet your hat there was a huge amount of "insider trading" on Gox, and that currently that's happening on Bitstamp too. Do not forget people running those service are a bunch of amateurs (at best), which are not compliant with current financial regulations - to operate as an exchange in the EU you need to have a banking license, in most of the US states you need to be registered as a MSB, etc. - Bitstamp is operating with a SINGLE corporate account where they mix all customers funds, and probably their own too. Taking deposits without a banking license is illegal in the EU, and it is also very dangerous for the customers: if ONE Bitstamp customer is investigated the relevant authority will have no other option that to freeze the ONLY bank account Bitstamp has, de facto screwing up all their customers. That wouldn't happen if they were compliant and thus acting as a bank, setting up a separate fiat account for each one of their customers. From a legal point of view, currently Bitstamp is the sole owner of the corporate account in which customers are depositing their trading funds, which is very bad for their customers and totally non-compliant, as customers are not exchanging their money for a service but DEPOSITING it in order to trade with each other. You can bet Bitstamp knows this very well, and yet they continue to operate because the risk is worth it - you can bet they are ready to take other kinds of risks too as per "insider trading". That said, while operating an exchange without a banking license (or a banking partner providing that license as Fidor Bank does for bitcoin.de, which from a legal POV is just a tied agent of Fidor) is illegal/non-compliant in the EU, Bitstamp is not giving a shit about that fact risking all their customer funds to LE or regulators, I bet the apply the same standard for other dangerous practices. We are still in the wild west, folks... But probably not for too long. how does Forex and stock exchanges works ? |
|
|
|
on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
What do you mean by loading up? buying |
|
|
|
on the shadow of the latest PBOC released a statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
Who is this someone ? a person ? |
|
|
|
|
on the shadow of the latest PBOC released statement about not banning Bitcoin, There is someone who claims that he have some friends who are in the industry and work with a couple major Chinese Conglomerates, he stated They have all said (his friends) that the Chinese Government employees are loading up on BTC behind the scenes, and working on regulation, meanwhile others are dumping....
|
|
|
|
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong. At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp. I agree. This is unprofessional. what is unprofessional.. the fact that China's news was used by manipulators to spread fear mongering and failed miserably? This has nothing to do with China news. It has to do with Bitstamp implying investment advice, and how that is unprofessional. In the real world, it would even be illegal. Imagine what would happen if a stock exchange started telling its customers to buy a stock. HOWS is THIS INVESTMENT ADVICE? I've heard to the moon more often as joke from bears to kid at us now .. man you guys and girls take some shit so serious while just avoiding everything else of a similar nature which is actual fraud and manipulation LOOOOL enjoy being thumb suckers. these are the people who didn't buy back and still wish to see 100$ Bitcoin again.... I wouldn't waste my time and argue too much with them |
|
|
|
Sorry, forgot where I was posting. Yes, there is absolutely no problem with this; it's not at all indicative of possible disintegrity on behalf of your broker. Never mind. there you go  now I like you |
|
|
|
It's highly concerning that apparently Bitstamp is showing willingness to manipulate the market given the role they play., because we don't know if there is any real foul play behind the scenes. MtGox once did the same with a similar statement in a press release. I deemed them somewhat more professional than MtGox, but perhaps I was wrong. At least MtGox have stated that they would disallow their employees from insider trading, but I have not heard anything like that from Bitstamp. also all your statements are anti-Bitstamp... so I wouldn't take this statement seriously no harsh feelings |
|
|
|
|
Show Posts
