|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 08:47:27 PM |
|
...It's like giving a loan to your drug-addicted cousin...
With Bitcoin, you simply become your drug-addicted cousin. Well yeah, but I don't have one hand out and the other pointing a gun at your face, telling you it's for you're own good.
|
|
|
|
empowering
Legendary
Offline
Activity: 1078
Merit: 1441
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 08:48:01 PM |
|
only if they could actually get to the money... and in which case.... what would they need BTC for.
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 08:49:24 PM |
|
STOP ARGUING WITH PORKCHOPS!!!
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 08:50:56 PM |
|
only if they could actually get to the money... and in which case.... what would they need BTC for. Get money out Cyprus....? These are not financial geniuses, they are crooks.
|
|
|
|
empowering
Legendary
Offline
Activity: 1078
Merit: 1441
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 08:52:15 PM |
|
only if they could actually get to the money... and in which case.... what would they need BTC for. Get money out Cyprus....? These are not financial geniuses, they are crooks. ? what please explain what you mean. (edit I did not read the article re suitcases full of cash, yeah using BTC could be useful in that instance. I thought you meant for evading capital controls, ie where the banks/ATMS are shut, internet banking is shut , in that situation BTC would not help)
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 08:52:37 PM |
|
only if they could actually get to the money... and in which case.... what would they need BTC for. Private jets have weight limits and pallets of hundred dollar bills are heavy compared to jump drives.
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2282
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
![](https://bitcointalk.org/Themes/custom1/images/post/lamp.gif) |
February 19, 2015, 08:59:36 PM |
|
|
|
|
|
empowering
Legendary
Offline
Activity: 1078
Merit: 1441
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:01:01 PM |
|
only if they could actually get to the money... and in which case.... what would they need BTC for. Private jets have weight limits and pallets of hundred dollar bills are heavy compared to jump drives. right ..... but that is a different discussion all together, there are logistics involved in moving large amounts of hot money no matter how you dice it. Though chances are if you have private jets worth of notes in cyprus stored in a luxury apartment, then you can probably do with not moving it for a month in the case capital controls are in place and all the banks shut and your usual friendly bank manager cannot help you out or you cannot deposit and transfer the cash to an exchange if going down the BTC route. I was talking about how buying BTC is not an option for people that are already in a country that capital controls have been placed (and maybe expecting a haircut or a massive devaluation) as you would not be able to access those funds to buy BTC with.
|
|
|
|
aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:02:20 PM |
|
bought back in,and now the price drops ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) what was the reason you bought back high ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) on the bright side you have opportunity to sell low again . ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi61.tinypic.com%2F34xl01d.jpg&t=665&c=RHZvk4Xj2CpxUg)
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:03:03 PM |
|
only if they could actually get to the money... and in which case.... what would they need BTC for. Get money out Cyprus....? These are not financial geniuses, they are crooks. ? what please explain what you mean. If you've made your money by sending burly blokes to whoever is in your way, and buying off the rest; you might not be as put off by putting large sums into a ridiculously unstable asset to avoid some government to get their hands on them as someone who made their money through dedication and prudent investment. If they timed it wrong they would loose more by buying BTC than simply accepting the terms of the government, a prudent investor would see this. But some of the kinds of crooks that were hiding money in Cyprus would not think like this.
|
|
|
|
Bernard Lerring
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:05:28 PM |
|
Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?
Anyone think this sort of thing happens? Serious question. Just musing on the idea.
|
|
|
|
aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:07:19 PM |
|
BFX swaps @ 19,885. Only borrowed coins are being sold. They will have to be repurchased.
I love it when a plan comes together.
I threw in an extra hundred bucks just for shits and giggles.
great plan! btw thanks for an extra hundred bucks! lol market timing was never my strong suit. At least with such a small amount I can afford to ride it out. I may yet have something to crow about. Just threw in another hundred. your not saying ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? i noticed u been chasing the pumps lately . don't feel bad my timing isn't that great either all the time. i missed a couple good moves when i didn't trust my instincts.. it's the other times though when i am in the zone on top of my game .. not gonna throw in another hundred here though .
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:07:54 PM |
|
right ..... but that is a different discussion all together, there are logistics involved in moving large amounts of hot money no matter how you dice it. Though chances are if you have private jets worth of notes in cyprus stored in a luxury apartment, then you can probably do with not moving it for a month in the case capital controls are in place and all the banks shut and your usual friendly bank manager cannot help you out or you cannot deposit and transfer the cash to an exchange if going down the BTC route.
I was talking about how buying BTC is not an option for people that are already in a country that capital controls have been placed (and maybe expecting a haircut or a massive devaluation) as you would not be able to access those funds to buy BTC with.
If you've already lost access, then you're S.O.L., but you could use localbitcoins and pay a premium if you can pull your money out but not take it across the border. An sd card is also less tempting for thieves and robbers (private sector or public) than a suitcase full of cash.
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:10:44 PM |
|
19,999 BTC swaps vs. 16MM in USD. There's prolly gonna be a big break-out one way or another.
|
|
|
|
Bernard Lerring
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:10:59 PM |
|
An sd card is also less tempting for thieves and robbers (private sector or public) than a suitcase full of cash.
Make it a microSD card and if you land into trouble it can be quickly swallowed. Providing you have a backup card stashed somewhere safe ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
Hfertig
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:16:11 PM |
|
bought back in,and now the price drops ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) you need to adjust your trading strategy. a few hints from my side: 1. trade the trend, in downtrends you should be short or flat, in uptrends you are long or flat (downtrend still active) 2. don't get driven by emotions. this will lose you money 3. trade the dips. 4. look at the charts It was very easy to make good money the last two days. short the bull run (finex) @245 two days ago. buy the dip at a profit targe of 10 usd(50% of your position) flaten your position as momentum changes. short just below the high from two days ago with limits at 242, 243, 244. the 244 was not filled but still you got back 70 percent of your short... =>profit. from what i read, you did exactly the opposite. 5. don't forget to secure your trade by either a stoploss just above the previous high 246.3 or a trailing stop now you got a nice risk/reward ratio...
|
|
|
|
empowering
Legendary
Offline
Activity: 1078
Merit: 1441
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:17:11 PM |
|
only if they could actually get to the money... and in which case.... what would they need BTC for. Get money out Cyprus....? These are not financial geniuses, they are crooks. ? what please explain what you mean. If you've made your money by sending burly blokes to whoever is in your way, and buying off the rest; you might not be as put off by putting large sums into a ridiculously unstable asset to avoid some government to get their hands on them as someone who made their money through dedication and prudent investment. If they timed it wrong they would loose more by buying BTC than simply accepting the terms of the government, a prudent investor would see this. But some of the kinds of crooks that were hiding money in Cyprus would not think like this. right.... so if they had the cash already (i.e in the suitcase full of notes in their clutches/jet/apartment) = problem solved and no need for BTC, other than easier to carry. If the cash is in the bank, and there are capital controls already in place = russian mafia would have to " convince" the bank to let them get access to their cash before haircut occurs, so they could then either a) stuff it in suitcase/jet/apartment or b) buy bitcoin from a localbitcoins guy "hey dude, have you got 20 millions worth of Bitcoin? my mate sergi wants to buy them from you , and then remove your kneecaps, and relieve you of the 20 million euros he just gave you" or c) load on plane, fly to another country, deposit cash in bank and then buy bitcoin? unless of course when they were "convincing" the bank manager they also convinced him to please transfer the 20 million euros to Huboi? So basically, unless you act before the controls are in place, or torture a high ranking banking official, then BTC is not going to help you. (or you hold BTC already, and in which case who cares about Euros)
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:18:31 PM |
|
lol market timing was never my strong suit. At least with such a small amount I can afford to ride it out. I may yet have something to crow about. Just threw in another hundred.
your not saying ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? i noticed u been chasing the pumps lately . don't feel bad my timing isn't that great either all the time. i missed a couple good moves when i didn't trust my instincts.. it's the other times though when i am in the zone on top of my game .. not gonna throw in another hundred here though . I haven't really been chasing the pumps so much as not running from them. I've been buying about 1BTC/Day for the last couple of weeks and I've only bought $200 worth today so I'm below average.
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 19, 2015, 09:19:17 PM |
|
great plan!
btw thanks for an extra hundred bucks!
I thought you don't trade?
|
|
|
|
|