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Author Topic: drop in btc value  (Read 9887 times)
breandan81
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March 04, 2011, 08:57:56 PM
 #81

I've noticed the stability as well.  I'm quite happy about it, widespread use as a payment method will only happen if people can count on the price staying stable for at least a few days until they can get it out of bitcoin.  I'm a bit worried about the state of the exchanges for a few reasons, not the least of which is that they seem to be mostly dependent on LR staying good, and the thread about LR possibly going to hell has me worried.  There  is still bitcoin-otc, and bitcoin2cc, and bitcoin4cash, but all of those services seem like it might be difficult to use for even medium sized businesses.  It would be nice if ExchangeZone would add bitcoin to the currencies they support.

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BitterTea
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March 04, 2011, 09:03:40 PM
 #82

they seem to be mostly dependent on LR staying good

You can do a wire transfer or ACH payment to MtGox...
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March 04, 2011, 09:06:31 PM
 #83

Agree.

There is some misconception that MtGox is extremely dependent on LR, which is not the case.

It is possible to do wire transfers (ACH in the US, standard bank wire (if you have a bank account in Europe, etc). All this works very well.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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theGECK
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March 04, 2011, 09:19:23 PM
 #84

they seem to be mostly dependent on LR staying good

You can do a wire transfer or ACH payment to MtGox...

The only way I've found to do this is by emailing Jed. Is there a way to do a wire transfer/ACH from the website?

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March 04, 2011, 09:22:36 PM
 #85

No, Jed should typically respond to you timely and then activate the transfer quickly.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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theGECK
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March 04, 2011, 09:25:53 PM
 #86

No, Jed should typically respond to you timely and then activate the transfer quickly.

Ok, that was my experience. One thing I couldn't puzzle through was that Jed said I just needed to email the account name and amount to transfer. If I knew somebody else's account name, couldn't I use that to empty their account? Or is there more verification that happens?

/thread hijack

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March 04, 2011, 09:28:41 PM
 #87

I've noticed the stability as well. 

I don't think it is stability. It is just lack of interest. Look at the volume...

Price is going sideways in the channel, but it will become wild market again. It just need one large trade to make other panicking.

Dobry Den
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March 05, 2011, 01:10:58 AM
 #88

I've noticed the stability as well. 

I don't think it is stability. It is just lack of interest. Look at the volume...

Price is going sideways in the channel, but it will become wild market again. It just need one large trade to make other panicking.

Also, USD parity is always a sort of mental barrier for speculators, which are the only people driving the market.
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March 05, 2011, 02:03:13 AM
 #89

Also, USD parity is always a sort of mental barrier for speculators, which are the only people driving the market.

Sorry for offtopic, but are you Czech/Slovak or is your nickname just a coincidence like this facebook profile? :-)

Dobry Den
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March 05, 2011, 05:34:48 AM
 #90

Also, USD parity is always a sort of mental barrier for speculators, which are the only people driving the market.

Sorry for offtopic, but are you Czech/Slovak or is your nickname just a coincidence like this facebook profile? :-)

I studied abroad in Prague for half a year and it was such a life-changing experience that it even influenced the way I choose internet aliases. Cheesy
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