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Author Topic: Selling 15,000 BTC at $0.20/BTC  (Read 15724 times)
nelisky
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October 05, 2010, 09:27:24 PM
 #61

i am .0605 bid on mtgox for 15,000 if anyone wants the arbitrage

Well, I'm not very good at those stuff, but isn't bitcoin2cash's bid a better deal ?

I mean, if I want to buy btc with 1$, with you I get 1./0.0605=16.53 BTC, when bitcoin2cash offers 25 BTC for the same dollar.  What do I get wrong ?


Trust. Or lack thereof. And that comes with a price apparently Smiley
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TTBit
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October 05, 2010, 09:53:35 PM
 #62

i am .0605 bid on mtgox for 15,000 if anyone wants the arbitrage

Well, I'm not very good at those stuff, but isn't bitcoin2cash's bid a better deal ?

I mean, if I want to buy btc with 1$, with you I get 1./0.0605=16.53 BTC, when bitcoin2cash offers 25 BTC for the same dollar.  What do I get wrong ?


He is bid for 15,000 @ .0605. You can sell him his 15,000 at .0605 then buy them at 0.04 each, making $0.0205 15,000 times over, or $307.50. Catch is you got to get the 15,000 at 0.04.

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grondilu
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October 05, 2010, 09:56:56 PM
 #63


He is bid for 15,000 @ .0605. You can sell him his 15,000 at .0605 then buy them at 0.04 each, making $0.0205 15,000 times over, or $307.50. Catch is you got to get the 15,000 at 0.04.

Ok I get it now.  Thks.
jimbobway
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October 05, 2010, 10:56:03 PM
 #64

I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...
grondilu
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October 06, 2010, 12:21:04 AM
 #65

I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

+1

I'd like to say something about bitcoin2cash.  The postal address has explicit name "bitcash2coin" in it.  I'm not sure it's a good idea.  Ok, right now, nobody knows bitcoins.  But eventually this address should be changed in something more discrete, imo.
MoonShadow
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October 06, 2010, 12:32:50 AM
 #66

I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

+1

I'd like to say something about bitcoin2cash.  The postal address has explicit name "bitcash2coin" in it.  I'm not sure it's a good idea.  Ok, right now, nobody knows bitcoins.  But eventually this address should be changed in something more discrete, imo.


There shouldn't be any combination with the word "cash" in it anywhere.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
NghtRppr
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October 06, 2010, 12:50:05 AM
 #67

I thought it was common knowledge that you don't have to write a name on a letter at all, just the address. That's how I do the return address as well. The name isn't required. I've updated the website to make it clearer.
grondilu
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October 06, 2010, 01:14:26 AM
 #68

I thought it was common knowledge that you don't have to write a name on a letter at all, just the address. That's how I do the return address as well. The name isn't required. I've updated the website to make it clearer.

I confess I didn't know that the name wasn't required.
jimbobway
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October 07, 2010, 12:50:01 AM
 #69

I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

No bitcoins from bitcoin2cash yet...getting a lil nervous...
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October 07, 2010, 12:58:32 AM
 #70

I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

No bitcoins from bitcoin2cash yet...getting a lil nervous...

Chill out.  Even if you get screwed, it won't be the end of the world, right ?

I think the guy from bitcoin2cash has much more interest in being honnest than in being a thief right from the beginning of his business.

Personnaly I'm quite confident that I will get my BTC this week.

NghtRppr
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October 07, 2010, 01:05:15 AM
 #71

I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

No bitcoins from bitcoin2cash yet...getting a lil nervous...

I just checked the post office today. There wasn't anything there. I'll notify you as soon as I receive it as well as send the bitcoins.
jimbobway
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October 07, 2010, 01:19:29 AM
 #72

I'm still waiting for my bitcoins from bitcoin2cash.  Hopefully this week...

No bitcoins from bitcoin2cash yet...getting a lil nervous...

I just checked the post office today. There wasn't anything there. I'll notify you as soon as I receive it as well as send the bitcoins.

Thx for the response.
jimbobway
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October 08, 2010, 01:00:09 AM
 #73

Well, looks like I am not going to get my bitcoins.  The letter I sent to bitcoin2cash arrived in my mailbox!!!  Huh Huh Huh

On the envelope it says "Not deliverable as addressed.  Unable to forward."

I double checked and triple checked the address and it is the same as on the website.  Handwriting is very, very legible.

PO Box 6946
Huntsville, AL 35813-0946


Is this a glitch in the Post Office?  Strange...just to let you guys know I used to work for the post office so this is an anomaly.  I just wasted my forever stamp.

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.........

Update: On the envelope the post office printed the zipcode+4 on it.  The zipcode is correct.  Very puzzling...
NghtRppr
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October 08, 2010, 01:36:31 AM
 #74

Well, looks like I am not going to get my bitcoins.  The letter I sent to bitcoin2cash arrived in my mailbox!!!  Huh Huh Huh

On the envelope it says "Not deliverable as addressed.  Unable to forward."

I double checked and triple checked the address and it is the same as on the website.  Handwriting is very, very legible.

PO Box 6946
Huntsville, AL 35813-0946


Is this a glitch in the Post Office?  Strange...just to let you guys know I used to work for the post office so this is an anomaly.  I just wasted my forever stamp.

Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.........

Update: On the envelope the post office printed the zipcode+4 on it.  The zipcode is correct.  Very puzzling...

That's very strange. I've already received something from someone at that address. I've even been receiving mail from previous owners of the post office box as well so they seem to have no problem delivering mail. If you want to try again you are welcome to. Perhaps put a name on there, "B2C, LLC", if that was the problem even though I've confirmed with the local post master that a name isn't required.
jimbobway
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October 08, 2010, 01:51:33 AM
 #75

I actually did write "Bitcoin2Cash, LLC" on the envelope.   Huh Huh Huh Huh
jimbobway
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October 08, 2010, 02:09:47 AM
 #76

I made a bitcoinblogger post about this... Undecided

http://www.bitcoinblogger.com/2010/10/dangers-of-mailing-cash.html
FreeMoney
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October 08, 2010, 02:38:19 AM
 #77


Um, isn't it more like "the dangers of using the USPS"? Do you have evidence that the contents had any role whatsoever in the undeliverability?

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jimbobway
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October 08, 2010, 03:07:11 AM
 #78


Um, isn't it more like "the dangers of using the USPS"? Do you have evidence that the contents had any role whatsoever in the undeliverability?

I think any postal service would have some sort of danger to it, but maybe USPS has the highest percentage of lost mail.  It is dangerous to mail cash because the chance of misdirection, theft, etc.  There is a chance you could lose your money.  If I didn't put a return address on it my cash could be anywhere by now.
The Madhatter
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October 08, 2010, 03:23:16 AM
 #79

If I didn't put a return address on it my cash could be anywhere by now.

It would have ended up at the dead letter office. After that, they may have tried to redeliver it one more time.
ribuck
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October 08, 2010, 09:36:36 AM
 #80

Whenever consumer organizations do a test mailing in the UK, they find that about 1% of correctly addressed letters don't get delivered. So cut bitcoin2cash some slack if yours doesn't make it.
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