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phoenix1
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December 19, 2014, 11:16:58 AM |
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Capital is fleeing Russia right now and all of the non-oligarchs have only one way to evade capital controls. Care to guess what that one way is? Every day the ruble sinks against the dollar, and Bitcoin stays more or less stable in dollar terms, bitcoin goes up in value relative to the Russian currency.
Again, doesnt that depend on someone being prepared to accept rubbles for bitcoins? if ruble is becoming worthless why would they swap their perfectly good bitcoins for it. So, the plan is, swap 2014's worst performing currency for it's 2nd worst (or is it the other way round now - I can't keep up) in a country where Bitcoin is banned so you can't use it anywhere. I can see them queuing round the block for that one. Line will be longer than 'new toy day' at an Apple store  The ruble has been crashing for quite a while now, so if it were to be happening, it's likely already done. By the time news hits the front page it is usually a sign to prepare to go the other way  More likely, if they are prepared to go against the gov and try to sell rubles, the trade of choice would be buying $'s on the black market, which I imagine is significantly larger and easier to access in Russia. And dat volume on BTC/RUB pair at BTC-e ... many coins, such wow! |
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ShroomsKit
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December 19, 2014, 11:21:23 AM |
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My TA for today:
A pump and dump followed by a pump and dump followed by a pump and dump.
Feel free to donate if you feel this was helpful to you.
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empowering
Legendary
 Offline
Activity: 1078
Merit: 1441
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December 19, 2014, 11:27:20 AM |
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My TA for today:
A pump and dump followed by a pump and dump followed by a pump and dump.
Feel free to donate if you feel this was helpful to you.
Is there a "repetitive tourettes" charity I can give money to? (or maybe a crowdfunded assassination pot, just because ear eye irritant) |
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cryyptc
Member
Offline
Activity: 98
Merit: 10
#BITCOIN4LIFE
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December 19, 2014, 11:32:44 AM |
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MtGox stopped allowing withdrawals and deposits of fiat. If that ever happens on an exchange you are on, get your bitcoins out of there fast. Everyone knew MtGox was not legit and got their money out.
Easier said than done. I tried to get my coins out of Gox and into paper in August 2013. They demanded verification even though they said they were still allowing unverified Bitcoin withdrawals. I hadn't had any ID (don't believe in it) since letting my driver's license lapse in 1966 but broke down and applied for an Ontario ID card. By the time my ID arrived, my coins were already gone from Gox so I opened a ticket. After months of lame promises and buck-passing emails, they simply closed down. Luckily it was only 50 coins that had cost me less than $6k. sounds similiar to the XPY movie~ sell you "ico" coins then make you give verification before you actually get them!? wtf :\ hmmmmm |
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jonoiv
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December 19, 2014, 11:58:40 AM |
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Anyone in the UK, that uses Google Authenticator. I found a cheap phone for a backup in case your phone stops working or you lose it, so you will still have F2A access to your accounts. EE are doing a cheap dual core android phone for £19.99 + £10 top up (You can get £5 cash back through Quidco.com) The phone comes with free 100MB data a month, more than enough data for google auth. and has a £1 data only package if you need more data. I trawled through the terms and conditions, and after you make the first call your sim is active, and to keep it active and getting the free data you must make 1 call every 180 days. Alcatel POP C1 (with free data) http://shop.ee.co.uk/mobile-phones/pay-as-you-go/alcatel-pop-c1-payg/details |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2014, 12:00:33 PM |
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jonoiv
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December 19, 2014, 12:30:40 PM |
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MtGox stopped allowing withdrawals and deposits of fiat. If that ever happens on an exchange you are on, get your bitcoins out of there fast. Everyone knew MtGox was not legit and got their money out.
Easier said than done. I tried to get my coins out of Gox and into paper in August 2013. They demanded verification even though they said they were still allowing unverified Bitcoin withdrawals. I hadn't had any ID (don't believe in it) since letting my driver's license lapse in 1966 but broke down and applied for an Ontario ID card. By the time my ID arrived, my coins were already gone from Gox so I opened a ticket. After months of lame promises and buck-passing emails, they simply closed down. Luckily it was only 50 coins that had cost me less than $6k. That's a lot of money to some people. A hell of a lot. |
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NotLambchop
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December 19, 2014, 12:47:45 PM |
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...
Luckily it was only 50 coins that had cost me less than $6k.
That's a lot of money to some people. A hell of a lot. You're talking to a guy who "let [his] driver's licence lapse in 1966" and lived without any form of ID until less than a year ago. This is mystical shit, brah. Either that, or he lived in a secure facility with friendly and helpful staff. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 19, 2014, 12:49:07 PM |
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Why are we stationary here? This is no place for a price to stay. Are we going up or down?
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2014, 01:00:34 PM |
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NotLambchop
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December 19, 2014, 01:04:02 PM |
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Why are we stationary here? This is no place for a price to stay. Are we going up or down?
We reached singularity/tipping point?  |
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ShroomsKit
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December 19, 2014, 01:04:51 PM |
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Why are we stationary here? This is no place for a price to stay. Are we going up or down?
Well, if you take a look at the last 12 months my guess is down. |
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cryyptc
Member
Offline
Activity: 98
Merit: 10
#BITCOIN4LIFE
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December 19, 2014, 01:29:12 PM |
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Why are we stationary here? This is no place for a price to stay. Are we going up or down?
Well, if you take a look at the last 12 months my guess is down. we can safely drop BTC to $225 with little effort...i still have yet to mention any of this to the SEC wolf pack ! >>> still building my ammo~fwiw /\ BTCitcoin chart = death cross pinching\\\\\\\ |
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kenji
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December 19, 2014, 01:34:17 PM |
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lost over $150k this year  do you guys still think we could see $10k within 3years? |
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cryyptc
Member
Offline
Activity: 98
Merit: 10
#BITCOIN4LIFE
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December 19, 2014, 01:37:23 PM |
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lost over $150k this year do you guys still think we could see $10k within 3years? /\you wanna be safe: sell and buy back in the $200s ... just sayin' *tip jar accepted here <---- |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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December 19, 2014, 01:38:20 PM |
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lost over $150k this year do you guys still think we could see $10k within 3years? When you say lost........ you mean? |
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cryyptc
Member
Offline
Activity: 98
Merit: 10
#BITCOIN4LIFE
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December 19, 2014, 01:39:51 PM |
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lost over $150k this year do you guys still think we could see $10k within 3years? When you say lost........ you mean? /\sell wife and farm ...buy bitcoin because some internet personality said so! lololol *good times!* |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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December 19, 2014, 01:44:33 PM |
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lost over $150k this year do you guys still think we could see $10k within 3years? When you say lost........ you mean? /\sell wife and farm ...buy bitcoin because some internet personality said so! lololol *good times!* sighh.. I doubt that, but I am curious how he has supposedly lost $150K |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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December 19, 2014, 01:45:44 PM |
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lost over $150k this year do you guys still think we could see $10k within 3years? /\you wanna be safe: sell and buy back in the $200s ... just sayin' *tip jar accepted here <---- Very safe. If you are expecting $10k prices, taking the chance of selling now and buying a few dollars less is the smart move. |
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cryyptc
Member
Offline
Activity: 98
Merit: 10
#BITCOIN4LIFE
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December 19, 2014, 01:46:40 PM |
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lost over $150k this year do you guys still think we could see $10k within 3years? When you say lost........ you mean? /\sell wife and farm ...buy bitcoin because some internet personality said so! lololol *good times!* sighh.. I doubt that, but I am curious how he has supposedly lost $150K no i'm saying "trust me" = i'm from the internet!!!!! ~dude please |
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