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Author Topic: Current situation with slovenian banks...?  (Read 2408 times)
Mikcik (OP)
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January 18, 2014, 02:31:39 AM
 #1

Hello

i want to ask, how the situation with slovenian banks is looking like these days... There were some possibilities of default or bail-ins...

Im asking because i would like to transfer around $1200 to Bitstamp exchange and keep it there for maybe even several months in the form of fiat $, the reason is i want to have money ready for BTC price drops (i belive there could be some). But im quite worried to leave the $ in a slovenian bank account for so long due to the state of their banks...

Hows the situation looking currently please with slovenian banks...? Is it a wise thing to leave around $ 1200 sitting in Bitstamp Slovenian bank account?
Bono
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January 18, 2014, 03:15:45 AM
 #2

If I ever had that amount of money just laying around, I'd store it in Bitcoins anyway.

You can move the BTC to any other exchange or online wallet in seconds, no matter what's going on in your country. I know you want to save the fiat in case you can get a better deal, but long-term holders never lose.
Mikcik (OP)
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January 18, 2014, 04:12:27 AM
 #3

That doesnt answer my question, i wanna hold it there in fiat and wait for a nice btc price, just for "in case of a massive dip" so i can catch it.

There was a thread about the slovenian bank situation here somewhere, cant find it nonetheless.
Bono
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January 18, 2014, 04:19:34 AM
 #4

That doesnt answer my question, i wanna hold it there in fiat and wait for a nice btc price, just for "in case of a massive dip" so i can catch it.

There was a thread about the slovenian bank situation here somewhere, cant find it nonetheless.

Right... so you use a Slovenian bank but will trust a bunch of greedy anonymous fucks to give you advice on how to deal with it.

I'll see you at the soup kitchen. I'll be volunteering, of course.
empoweoqwj
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January 18, 2014, 10:47:08 AM
 #5

That doesnt answer my question, i wanna hold it there in fiat and wait for a nice btc price, just for "in case of a massive dip" so i can catch it.

There was a thread about the slovenian bank situation here somewhere, cant find it nonetheless.

You sure Bitstamp use a Slovenian bank?
Tzupy
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January 18, 2014, 10:59:06 AM
 #6

Bitstamp's bank is Unicredit banka Slovenija in Ljubljana, a subsidiary of Unicredit Bank Austria.

Sometimes, if it looks too bullish, it's actually bearish
empoweoqwj
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January 18, 2014, 12:11:51 PM
 #7

Bitstamp's bank is Unicredit banka Slovenija in Ljubljana, a subsidiary of Unicredit Bank Austria.

So is that an Austrian bank or Slovenian bank?
Tzupy
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January 18, 2014, 12:42:33 PM
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Bitstamp's bank is Unicredit banka Slovenija in Ljubljana, a subsidiary of Unicredit Bank Austria.

So is that an Austrian bank or Slovenian bank?

It's a Slovenian bank, but the risk of it getting into trouble is lower because it's an Austrian bank subsidiary.
I don't know specifics, but not all banks in Slovenia are in trouble.

Sometimes, if it looks too bullish, it's actually bearish
empoweoqwj
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January 18, 2014, 01:35:51 PM
 #9

But any reason to believe this particular bank is in trouble?
Mikcik (OP)
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January 18, 2014, 03:51:29 PM
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Doesnt anybody have a link to older thread on which this was adressed?
Bono
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January 18, 2014, 03:56:59 PM
 #11

Doesnt anybody have a link to older thread on which this was adressed?

Google has limited Regex capabilities.

https://www.google.com/search?num=30&site=&source=hp&q=bitcointalk+%22slovenian+banks%22&oq=bitcointalk+%22slovenian+banks%22&gs_l=hp.3...432.432.0.931.1.1.0.0.0.0.106.106.0j1.1.0....0...1c..32.hp..1.0.0.HNViIT0Wbvc

If you can't find it myah, you won't find it.
thaaanos
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January 18, 2014, 03:57:38 PM
 #12

But any reason to believe this particular bank is in trouble?

it is in eurosystem isnt it?
Mikcik (OP)
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January 18, 2014, 04:11:33 PM
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But any reason to believe this particular bank is in trouble?

it is in eurosystem isnt it?

If you mean in eurozone (countries paying with euro) then yes.
thaaanos
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January 18, 2014, 04:45:22 PM
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But any reason to believe this particular bank is in trouble?

it is in eurosystem isnt it?

If you mean in eurozone (countries paying with euro) then yes.
That's what how the call it.
Then you are allegedly safe up to 100K per account... for now...
EDIT:This may apply only for Euros though, not sure about foreign currency
skivrmt
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January 18, 2014, 05:06:06 PM
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But any reason to believe this particular bank is in trouble?

it is in eurosystem isnt it?

If you mean in eurozone (countries paying with euro) then yes.
That's what how the call it.
Then you are allegedly safe up to 100K per account... for now...
EDIT:This may apply only for Euros though, not sure about foreign currency

But the real question should be is your account at Bitstamp, even when is fiat, whetehr USD or Euro, considered a "bank account" and under the same protections as someone with say a checking account at that same Slovenia Bank?  I don't know the exact answer but my guess would be no.  You do not technically have a bank account at the Slovenian Bank.  Bitstamp does.  Bitstamp holds money in your name under their account, most likely commingled with other peoples funds.
thaaanos
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January 18, 2014, 05:54:49 PM
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But any reason to believe this particular bank is in trouble?

it is in eurosystem isnt it?

If you mean in eurozone (countries paying with euro) then yes.
That's what how the call it.
Then you are allegedly safe up to 100K per account... for now...
EDIT:This may apply only for Euros though, not sure about foreign currency

But the real question should be is your account at Bitstamp, even when is fiat, whetehr USD or Euro, considered a "bank account" and under the same protections as someone with say a checking account at that same Slovenia Bank?  I don't know the exact answer but my guess would be no.  You do not technically have a bank account at the Slovenian Bank.  Bitstamp does.  Bitstamp holds money in your name under their account, most likely commingled with other peoples funds.
Yup pretty lame for an exchange to do IMHO, considering the state in eurozone right now... but I guess it has to do with bank IT infrastructure. I wouldn't choose a bank that doesn't support OFX or something similar, for a bussiness like this. I would even set the accounts as shared accounts, so as the client doesn't lose it's interest either...
Rannasha
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January 18, 2014, 06:04:37 PM
 #17

But any reason to believe this particular bank is in trouble?

it is in eurosystem isnt it?

If you mean in eurozone (countries paying with euro) then yes.
That's what how the call it.
Then you are allegedly safe up to 100K per account... for now...
EDIT:This may apply only for Euros though, not sure about foreign currency

You are guaranteed up to 100K for your own bank account, not for money you deposit in someone elses bank account (in this case, Bitstamp).
meanig
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January 18, 2014, 06:14:47 PM
 #18

Doesnt anybody have a link to older thread on which this was adressed?

It was discussed here

https://bitcointalk.org/index.php?topic=173318.0

The Slovenian government has pledged to fill the capital holes in the insolvent banks through general taxation and sales of state assets - not by taxing deposit holders in all banks or having a bail-in. The plan hasn't met with much opposition from the public so it seems like a bail-in isn't an option at the moment.
thaaanos
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January 18, 2014, 06:28:13 PM
 #19

Doesnt anybody have a link to older thread on which this was adressed?

It was discussed here

https://bitcointalk.org/index.php?topic=173318.0

The Slovenian government has pledged to fill the capital holes in the insolvent banks through general taxation and sales of state assets - not by taxing deposit holders in all banks or having a bail-in. The plan hasn't met with much opposition from the public so it seems like a bail-in isn't an option at the moment.

Can't make up my mind which is worse... fuck taxpayers or fuck savers?
Mikcik (OP)
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January 18, 2014, 08:45:37 PM
 #20

Ok thanks, well insurance is out of the picture since i think bitstamp holds the funds of its users on one or just few bank accounts, and i bet the whole ammount greatly exceeds the the 100 K insurance... Thats why im worried...

And is the solution implemented by the slovenian gov. currently permanent or is it clear that in the near future there will be something more...?
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