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Author Topic: Trading in Swiss franc  (Read 1234 times)
checkmate
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July 20, 2011, 10:28:29 AM
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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!

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morpheus
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July 20, 2011, 07:13:06 PM
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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.

I'm selling Mt. Gox USD and Bitcoin for cash, check or money order in the mail: http://bitcoinmorpheus.tumblr.com/

Check out my 100% decentralized P2P exchange: https://github.com/macourtney/Dark-Exchange
GideonGono
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July 21, 2011, 03:23:29 AM
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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!

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July 21, 2011, 06:11:57 AM
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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!

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Bitcoin_Silver_Supply
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July 21, 2011, 08:19:54 AM
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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
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July 21, 2011, 11:51:29 AM
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Mt. Gox may be getting a Swiss bank to be able to accept CHF deposits and offer CHF withdrawals.

GideonGono
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July 21, 2011, 02:49:28 PM
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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.

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