Bitcoin Forum
April 22, 2018, 09:02:44 AM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Trading in Swiss franc  (Read 1335 times)
checkmate
Jr. Member
*
Offline Offline

Activity: 56
Merit: 0



View Profile
July 20, 2011, 10:28:29 AM
 #1

Hello there,

since the Swiss franc is one of the most stable currencies out there, I wondered if there was a Swiss MtGox or something like that...
If not, wouldn't it at least be an idea which is worth trying?

Explain to me why, if not Smiley



Wouldn't connecting BTC to a very stable currency make it stable as well? Or isn't BTC partly dependent on something like that?

Dude, I'm baked!

Donate if you plan to finance a future global-troll

1HJHUvfabpVi3hWUxtJMfmfrktfS8vFCCB
1524387764
Hero Member
*
Offline Offline

Posts: 1524387764

View Profile Personal Message (Offline)

Ignore
1524387764
Reply with quote  #2

1524387764
Report to moderator
1524387764
Hero Member
*
Offline Offline

Posts: 1524387764

View Profile Personal Message (Offline)

Ignore
1524387764
Reply with quote  #2

1524387764
Report to moderator
1524387764
Hero Member
*
Offline Offline

Posts: 1524387764

View Profile Personal Message (Offline)

Ignore
1524387764
Reply with quote  #2

1524387764
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1524387764
Hero Member
*
Offline Offline

Posts: 1524387764

View Profile Personal Message (Offline)

Ignore
1524387764
Reply with quote  #2

1524387764
Report to moderator
morpheus
Full Member
***
Offline Offline

Activity: 164
Merit: 100


View Profile
July 20, 2011, 07:13:06 PM
 #2

Hello there,

since the Swiss franc is one of the most stable currencies out there, I wondered if there was a Swiss MtGox or something like that...

You can exchange bitcoin for practically any currency with Dark Exchange: https://github.com/macourtney/Dark-Exchange

Good luck finding buyers/sellers though.

Using Swiss Francs to trade bitcoin would not stabilize the price of bitcoin since it's supply and demand of bitcoin which is causing the price to fluctuate so much.
GideonGono
Hero Member
*****
Offline Offline

Activity: 812
Merit: 500



View Profile
July 21, 2011, 03:23:29 AM
 #3

I think that's a great idea. Personally, if I had to hold fiat I'd rather it be CHF than USD. The problem, I think is how do I get the CHF if I'm not in Switzerland and I don't want to waste time and money converting to local fiat?


LEGALIZE!


███████████████████▀▀██████████████████
████████████████▀▀    ▀▀███████████████
████████████▀▀            ▀▀███████████
████████▀▀                    ▀▀███████
████▀▀           ▄▄██▄            ▀▀███
██           ▄▄███▀▀  ▄▄█▄▄           █
████     ▄▄███▀▀  ▄▄████▀▀          ▄██
█████  ████▀  ▄▄████▀▀          ▄▄█████
█████  ███  ▄███▀▀          ▄▄█████████
█████  ███  ███         ▄▄████▀▀  █████
█████  ███  ███     ▄▄███████     █████
█████  ███  ███    ██████████     █████
█████  ███  ███ █▄▄  ▀▀██████     █████
█████  ███  ███ ▀▀███▄▄  ▀▀██     █████
█████  ███  ████▄▄  ▀▀███▄▄       █████
█████  ▀██  ████████▄▄  ▀▀███     █████
█████▄▄  ▀  ████████████▄▄  ▀     █████
█████████▄▄ ████████████████▄▄    █████
███████████████████████████████████████
REALISTA
cloon
Sr. Member
****
Offline Offline

Activity: 387
Merit: 250



View Profile
July 21, 2011, 06:11:57 AM
 #4

think this is no problem... it needs no time for the bank to change into CHF. the only thing negativ is, eventually you have to pay fees for changes...

information:
here's a discussion about inflate the CHF because our economy nearly can't export (And nearly nobody's making holidays in my village in the mountains). They want to give out 100'000'000'000 CHF in fonds to get the CHF cheaper... so the CHF will slowly follow the EUR. i'm against this fond (hope i can vote)

But i'm shure it'll be also on longterm a much more stable currency than USD and EUR!

donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
Bitcoin_Silver_Supply
Sr. Member
****
Offline Offline

Activity: 259
Merit: 250



View Profile
July 21, 2011, 08:19:54 AM
 #5

I was actually thinking of posting this exact question (minus the baked reference) a couple days ago. I don't think there is anything all that magical about the Swiss Franc as it is still fiat at the end of the day; however, it is a traditional "safe haven" fiat that is about as independent from the EU and US monetary train wrecks as is possible. It makes for an appealing option to diversity a tad.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2478
Merit: 1000


View Profile
July 21, 2011, 11:51:29 AM
 #6

Mt. Gox may be getting a Swiss bank to be able to accept CHF deposits and offer CHF withdrawals.
GideonGono
Hero Member
*****
Offline Offline

Activity: 812
Merit: 500



View Profile
July 21, 2011, 02:49:28 PM
 #7

think this is no problem... it needs no time for the bank to change into CHF. the only thing negativ is, eventually you have to pay fees for changes...

information:
here's a discussion about inflate the CHF because our economy nearly can't export (And nearly nobody's making holidays in my village in the mountains). They want to give out 100'000'000'000 CHF in fonds to get the CHF cheaper... so the CHF will slowly follow the EUR. i'm against this fond (hope i can vote)

But i'm shure it'll be also on longterm a much more stable currency than USD and EUR!

I think you misunderstood me. For someone in the UK for example, what do you do after you've bought CHF and its sitting in your Mt Gox account? There is no way to get the physical notes without first changing to your currency then buying physical CHF at a local physical exchanger. This means you lose money through exchange fees.

BTC ---> CHF(on mt gox) ---> GBP(bank transfer) --->CHF(physical, now safe under my mattress,lol.)

So why not just sell BTC for GBP on Mt Gox then withdraw the GBP? Seems to me trading for CHF will only benefit those with bank accounts denominated in CHF.


███████████████████▀▀██████████████████
████████████████▀▀    ▀▀███████████████
████████████▀▀            ▀▀███████████
████████▀▀                    ▀▀███████
████▀▀           ▄▄██▄            ▀▀███
██           ▄▄███▀▀  ▄▄█▄▄           █
████     ▄▄███▀▀  ▄▄████▀▀          ▄██
█████  ████▀  ▄▄████▀▀          ▄▄█████
█████  ███  ▄███▀▀          ▄▄█████████
█████  ███  ███         ▄▄████▀▀  █████
█████  ███  ███     ▄▄███████     █████
█████  ███  ███    ██████████     █████
█████  ███  ███ █▄▄  ▀▀██████     █████
█████  ███  ███ ▀▀███▄▄  ▀▀██     █████
█████  ███  ████▄▄  ▀▀███▄▄       █████
█████  ▀██  ████████▄▄  ▀▀███     █████
█████▄▄  ▀  ████████████▄▄  ▀     █████
█████████▄▄ ████████████████▄▄    █████
███████████████████████████████████████
REALISTA
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!