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Author Topic: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto  (Read 6646 times)
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March 18, 2014, 05:33:05 AM
 #61

Why are you still holding feathercoins? That were Pumped and dumped long time ago.

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March 18, 2014, 05:37:53 AM
 #62

Why are you still holding feathercoins? That were Pumped and dumped long time ago.

in order for pump&dumps to work, there've got to be bagholders Wink

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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March 18, 2014, 05:42:56 AM
 #63

Why are you still holding feathercoins? That were Pumped and dumped long time ago.

Because I just bought them and made profit whenever I bought them at current prices.

They'll be double of this in couple of weeks, triple around next Bitcoin ATH.

I'll buy more if it dips into 20s. There is nothing better than being bagholder buying at bottom without need of banging my head to the wall drawing the fancy chart lines thinking it's some art Cheesy There's no such things with big volume btc-e alts, you trade price range and don't give a flying one about triangles and stuff.

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March 18, 2014, 05:47:48 AM
 #64

TraderCJ, one good thing about Bitcointalk is that you can fuck whenever you want  Grin

Slightly off-topic (and nothing personal), but a surefire way to tell who non-Americans/English are is how casually they throw around the f word. Unless you know the person well or are extraordinarily angry about something, it's a huge sign of disrespect. I feel like it's the least understood English curse word--it has so many functions yet it's very taboo in colloquial speech.

You surely haven't had conversations with lot of Brittish people. The F world is one they use for breakfast, lunch and dinner. I actually use it way too much since I got myself into English football forums and don't feel particularly proud on that  Undecided. And don't say it's football fans, everyone there is football fan.

We swear a lot here on Balkan but Brittish are champions in that department.

I suppose it's different everywhere, which is interesting. Admittedly I'm not much of a sports guy. In Michigan we don't use it much (except when we're drunk with close friends) Cheesy

So I was right with my mid-west comment Smiley

I personally don't like to use it much either, its simply to harsh and automatically puts everyone on the defensive. No one reconsiders their viewpoint on a topic with someone cursing at them

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March 18, 2014, 05:51:36 AM
 #65

The only thing Brittish use more than f word is name calling. They are artist in that. I actually never heard for twat word until I started to hang out at their forums. Now I use it in lot of contexts.

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March 18, 2014, 08:37:10 AM
 #66

Seleme,

You need to stop correlating the English with excessive swearing. Low class, Chav Scum do swear and behave in the manner you suggest (I would include matthecat in this category Smiley ) Quality middle class English types know when it is appropriate to swear and use it sparingly and in the correct context....

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March 18, 2014, 09:01:29 AM
 #67

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.


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March 18, 2014, 09:08:29 AM
 #68

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.


If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.
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March 18, 2014, 09:12:31 AM
 #69

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.


If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.
Sure. Now. There is nothing stopping localbitcoins from becoming thee exchange tho. And I hear people are working on android wallets with built in localbitcoins functionality.

Look inside yourself, and you will see that you are the bubble.
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March 18, 2014, 09:26:49 AM
 #70

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.


If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.
Sure. Now. There is nothing stopping localbitcoins from becoming thee exchange tho. And I hear people are working on android wallets with built in localbitcoins functionality.
Yes, it could theoretically work, if everyone who previously used exchanges were suddenly willing to walk around with suitcases full of $100,000s of cash and make exchanges at Starbucks, while avoiding getting arrested (for carrying/exchanging that much cash). However, I don't think would be the case. Sure, there will be some activity. There might be some increase in localbtc users, but the USD volume would likely be NOTHING compared to the volume previously at exchanges. It would not be enough to support current price levels, and price would fall.
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March 18, 2014, 09:59:58 AM
 #71

Why are you still holding feathercoins? That were Pumped and dumped long time ago.

in order for pump&dumps to work, there've got to be bagholders Wink

feathercoin = dead

might as well hold something less pathetic like Dogecoin

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March 18, 2014, 11:15:18 AM
 #72

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.


If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

The actual bail-in should prevent the system collapse, at the expense of depositors.

The only question left is "which country is next?"

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March 18, 2014, 11:27:22 AM
 #73

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

It's safer, but certainly very very far from safe. Bank bail-ins are just around the corner.


If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

The actual bail-in should prevent the system collapse, at the expense of depositors.

The only question left is "which country is next?"


Though a bail-in is deflationary thus a large enough or multiple bail ins are dangerous for fiat. Bailing out with large amounts of government debt is better.

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March 18, 2014, 12:02:46 PM
 #74

If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.


Doubt it. If fiat currency collapses or hyperinflates, people may start wanting to use BTC to actually buy things, that is start using it as a currency. BTC price in USD will not collapse, it will just become irrelevant as hyperinflation makes it a stupidly high number and people don't bother trading in their $100,000 for .001BTC Tongue BTC will become "priced" more in food, commodities

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March 18, 2014, 12:24:29 PM
 #75

If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.


Doubt it. If fiat currency collapses or hyperinflates, people may start wanting to use BTC to actually buy things, that is start using it as a currency. BTC price in USD will not collapse, it will just become irrelevant as hyperinflation makes it a stupidly high number and people don't bother trading in their $100,000 for .001BTC Tongue BTC will become "priced" more in food, commodities
If the dollar becomes worth a hundreth of what it is now the price of bitcoin in dollar will increase a hundred times. The value of bitcoin is in purchasing power, the dollar price is just a middleman to make your simple monkey brain able to comprehend it.

Look inside yourself, and you will see that you are the bubble.
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March 18, 2014, 01:53:24 PM
 #76

If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

Shusht!

Be quiet!

You're not meant to say these things! People on this place actually think that Bitcoin is a hedge against collapse of USD and that when the USD actually does collapse, that we are all going to happily exchange things of real value and use for lines of algorithmic computer code backed by no real commodity and backed by absolutely no standing authority! Those of us that have most of these lines of code are going to be the richest!

and further to my attempt to take half my funds out of Bitstamp, I got better acquainted with their KYC routine today. 8 questions, one of them in particular I am pretty sure that they have absolutely no right to ask. I have opted to tell them to mind their own business when they asked me for proof of earnings. If they start stamping their feet and witholding my fiat, I shall convert the lot to BTC, cash out on LocalBitcoin, and in the absence of a reliable and trustworthy exchange, that will be me without any route into Bitcoin investment. Me and how many more other people who might be feeling the same way? Are Bitstamp going the way of MtGox? Are these KYC routines a transaction delaying mechanism? If so, then Bitcoin is fkd.

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March 18, 2014, 01:55:47 PM
 #77

If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

Be quiet! You're not meant to say these things! People on this place actually think that Bitcoin is a hedge against collapse of USD and that when the USD actually does collapse, that we are all going to happily exchange things of real value and use for lines of algorithmic computer code backed by no real commodity and backed by absolutely no standing authority! Those of us that have most of these lines of code are going to be the richest!

and further to my attempt to take half my funds out of Bitstamp, I got better acquainted with their KYC routine today. 8 questions, one of them in particular I am pretty sure that they have absolutely no right to ask. I have opted to tell them to mind their own business when they asked me for proof of earnings. If they start stamping their feet and witholding my fiat, I shall convert the lot to BTC, cash out on LocalBitcoin, and in the absence of a reliable and trustworthy exchange, that will be me without any route into Bitcoin investment. Are Bitstamp going the way of MtGox? Are these KYC routines a transaction delaying mechanism? If so, then Bitcoin is fkd.
Kraken has verification levels specifically to avoid having to ask nosy questions about peoples private affairs. You deal in euro, maybe give them a try?

Look inside yourself, and you will see that you are the bubble.
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March 18, 2014, 04:31:10 PM
 #78

I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

Why am I announcing this in speculation?

Because I suspect that many other traders or investors looking for good entry for longer term investment are going to be doing the same thing right now. Lets face it, Bitcoin isn't going to be doing anything much, anytime soon other than trend and grind, predominantly in a downward direction. I feel it, you all feel it, the hackers with thousands and thousands of stolen coins feel it, so why risk having tens of thousands of USD sitting in some exchange with each of it's feet planted in different countries jurisdictions with still lots of uncertainty shrouding security of Bitcoin exchanges, (yes, even Bitstamp)?

I have this apathetic sentiment towards Bitcoin as do lots of other Bitcoin investors, which kind of adds to the snowballing effect of bearish apathy.

I am holding zero Bitcoin. I still have an amount of Fiat on exchange, some of which will be turned back into GBP via BTC and LocalBitcoins, with a small amount left on exchange, 'just in case'. But the reality is that I don't expect any of my 'flash crash' buy-ins to be fulfilled, at least not until Bitcoin is trending in these sort of ranges anyhow, and I don't need preset buy-in tranches to buy Bitcoins in ranges where I will have all the time in the world to decide on whether to buy or not. Sure, there will still be swings in both directions that I could take advantage off, but will they really be worth the hassles and risks?

That is my sentiment and suspect it is widespread and growing. We were all waiting on the spectacular bottom to occur, to get our buy-ins, and then for Bitcoin to go shooting way back up to the moon but with that one day of Ukraine banking system panic put to one side, things aren't going to work out quite as simple as that. Indeed, I have seen convincing Elliot Wave analysis suggest that the bottom needs to be retested (and according to fibbonacci time ratio principles it aint happening anytime soon), or indeed that the bottom isn't even yet in from the post $10-$1200 bubble crash.

 Grin

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March 18, 2014, 05:38:12 PM
 #79

If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

<snip>

You're not meant to say these things! People on this place actually think that Bitcoin is a hedge against collapse of USD and that when the USD actually does collapse, that we are all going to happily exchange things of real value and use for lines of algorithmic computer code backed by no real commodity and backed by absolutely no standing authority! Those of us that have most of these lines of code are going to be the richest!

<snip>
Me and how many more other people who might be feeling the same way?
Are Bitstamp going the way of MtGox?
Are these KYC routines a transaction delaying mechanism? If so, then Bitcoin is fkd.

Do you really think anyone reading this forum is speculatively holding bitcoin as a hedge against USD collapse? Of course you don't.

Do you really believe Bitstamp is insolvent? No of course you dont. Manipulative trash as usual!
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March 18, 2014, 05:42:45 PM
 #80

Do you really think anyone reading this forum is speculatively holding bitcoin as a hedge against USD collapse? Of course you don't.

Do you really believe Bitstamp is insolvent? No of course you dont. Manipulative trash as usual!

Tons of Bitcoin Nutters hold beliefs about Bitcoin and its relation to the financial world that are right down this alley.

Try actually reading through some of the opinions on here before opening your retard denialist bag holder mouth, you grade A holder of $900+ Bitcoins you!

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