My bank account's got robbed by European Commission. Over 700k is lost.

[allocater]

I hope! I bought few thousands bitcoins in the beginning of 2012 for just $4.5.

2000BTC*(94.5-4.5)$/BTC=180,000$~150,000€

Hmm....

Thought about selling your bitcoins to save your business? Few thousand could also be 4000BTC

[zeroday]

Thought about selling your bitcoins to save your business?

I've already sold a part of my bitcoins to cover emergency needs. But I don't plan to recover my business in Cyprus. Instead, I'm moving to another country outside EU.

[conspirosphere.tk]

Thought about selling your bitcoins to save your business? Few thousand could also be 4000BTC

There won't be any business there under the neurozone. Either his country exit from it, or he should exit from his country.

[wachtwoord]

My condolences to you for this huge crime that has been committed against you.

You have learned a lesson (do not trust banks with anything you cannot afford to lose), but paid a very steep price. Was there a specific need to keep such a large portion of your funds (I'm guessing as you say you are going under) liquid (i.e. in fiat)? Why not invest in stable blue-chip companies instead? (I'm talking the likes of XOM JNJ MSFT, KO, PEP, etc.) Much safer than keeping the money in a bank account and reasonably stable (and if the brokerage firm goes down, you still own the share in the large companies which are unlikely to perish).

[Wouter Drucker]

Zeroday, you are evoking old sentiments of grief and hatred with your avatar. Moreover you are scapegoating, which is what Hitler did before WWII. You are really not accomplishing anything productive with it.

[zeroday]

Was there a specific need to keep such a large portion of your funds (I'm guessing as you say you are going under) liquid (i.e. in fiat)? Why not invest in stable blue-chip companies instead? .

Of course! I used this bank account to receive pre-payments from our customers, pay my contractors, pay wages, etc.

[myrkul]

Was there a specific need to keep such a large portion of your funds (I'm guessing as you say you are going under) liquid (i.e. in fiat)? Why not invest in stable blue-chip companies instead? .

Of course! I used this bank account to receive pre-payments from our customers, pay my contractors, pay wages, etc.

You still have enough to cover payroll, at least?

[conspirosphere.tk]

you are scapegoating

No, it is you who is scapegoating.  He's got royally phucked by the eurocracy with his whole country, both having no fault.

[myrkul]

you are scapegoating

No, it is you who is scapegoating.  He's got royally phucked by the eurocracy with his whole country, both having no fault.

And not to get all Godwin on this, but the point the avatar was trying to make is valid.

[muyuu]

They are fucking thieves.

They can shove their IV Reich up their arse, glad we didn't join the euro. Single thing Gordon Brown got right. Thanks Gordon! Tony Blair was dead set on running down the country to its knees.

[wachtwoord]

He actually is scapegoating. It's not just Merkel or the EU that is wrong, it is almost everyone ...

The whole concept of fiat money is the biggest Ponzi ever.

[chrisrico]

Taxes are a necessary evil in my opinion...

Yeah? Well slavery is a necessary evil in my opinion. I don't see how we could have civilization without slavery... said almost everyone before the abrupt end of slavery.

[Wekkel]

The whole concept of fiat money is the biggest Ponzi ever.

The question remains: if you loan out $700k to a junkie, do you expect to get your money back?
Now: loan out the same amount to a black hole Cyprus bank (even I could tell you that), do you expect to get your money back?

I understand it's not nice to be confronted with the truth, but blaming someone else does not change the fact that you lent money to a deadbeat in a nice suit.

[wachtwoord]

Taxes are a necessary evil in my opinion...

Yeah? Well slavery is a necessary evil in my opinion.

What's the difference?

[zeroday]

The question remains: if you loan out $700k to a junkie, do you expect to get your money back?
Now: loan out the same amount to a black hole Cyprus bank (even I could tell you that), do you expect to get your money back?

What loan are you talking about?
Until Bitcoin is widely accepted as universal currency, every business still needs a bank account for mutual settlements!

[Wekkel]

Money in your bank account is not there. You basically loan money to your bank in return for some interest and banking services. I am trying to set the right perspective here.

[xtral]

The most of circulating assets on our business Current Account are blocked.
Over 700k of expropriated money will be used to repay country's debt. Probably we will get back about 20% of this amount in 6-7 years.

I'm not Russian oligarch, but just European medium size IT business. Thousands of other companies around Cyprus have the same situation.

The business is definitely ruined, all Cypriot workers to be fired.
We are moving to small Caribbean country where authorities have more respect to people's assets. Also we are thinking about using Bitcoin to pay wages and for payments between our partners.

Special thanks to:

- Jeroen Dijsselbloem
- Angela Merkel
- Manuel Barroso
- the rest of officials of "European Comission"

You are not robbed by European Commission, you are robbed from your own politician and banker!!!!!

[muyuu]

Stop talking nonsense about loans or deposits.

It's a current account FFS!

Thieves.

[zeroday]

Money in your bank account is not there. You basically loan money to your bank in return for some interest and banking services. I am trying to set the right perspective here.

As i said my business didn't have any interest on this account. All banking services were paid by deducting necessary amount from the account annually.

[shinkicker]

 http://i.qkme.me/3teut2.jpg

The guys business is ruined and all you can do is post a meme. Srsly, f**k you.