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Author Topic: FastCash4Bitcoins Support Thread  (Read 87406 times)
geod
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August 20, 2012, 03:10:25 AM
 #241

Thanks for the reply.

Canadian banks accept US dollar cheques without any problems, they only give you a slight worse conversion rate.  I've deposited rebate cheques that I get in US dollars without any issues.

Also, a lot of Canadians have US dollar bank accounts for doing business across the border.
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flatfly
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August 20, 2012, 10:49:04 AM
 #242

Is it safe to cash out to moneybookers?? I have an account there but I heard they had a strong anti-bitcoin stance and have been known to confiscate funds.

1111127SpvabYpoeDoiz5L7QPkfiSh2Q. Only donate if you have a reason to.
Stephen Gornick
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August 20, 2012, 11:37:38 AM
 #243

Is it safe to cash out to moneybookers?? I have an account there but I heard they had a strong anti-bitcoin stance and have been known to confiscate funds.

Probably that is for the other direction -- using Skrill/Moneybookers to purchase bitcoins is where the problem lies.

TangibleCryptography
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August 20, 2012, 02:12:16 PM
 #244

We have suspended new orders.  The current market volatility is preventing timely hedging of our exposure when taking on new orders.   All existing orders are either fulfilled or will be fulfilled today.  We hope to re-open the site for new orders soon.

Thank you for your understanding.

Tangible Cryptography
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August 21, 2012, 03:22:52 AM
 #245

bummer..
Miner99er
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August 21, 2012, 05:21:00 AM
 #246

Well crap... I need to cash out 100 BTC before Thursday and was hoping to use your service... will it be up by then?

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August 21, 2012, 05:33:48 AM
 #247

Well crap... I need to cash out 100 BTC before Thursday and was hoping to use your service... will it be up by then?

It will be up in the morning (EST).
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August 21, 2012, 11:47:13 AM
 #248

Sales enabled.


                                       Funding Status (last updated 08/21/2012 08:00 EST)                        
Bank  Funds high (max payout available)          
PayPal  Funds high (max payout available)          
Dwolla  Funds high (max payout available)          
Moneybookers  Funds high (max payout available)          
Aseras
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August 22, 2012, 03:40:05 PM
 #249

I placed my first order today. Spent ~3 weeks in the hospital, got bills to pay Sad

Been watching this since it launched, looks awesome.

Just posting to say thanks. Got my ACH in 3 days. Cashed out at just the right time Cheesy

Wish btc price was higher again, I just got $1500 more in bills, but on the bright side I've hit my max out of packet for the year now...
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August 22, 2012, 03:50:54 PM
 #250


                                       Funding Status (last updated 08/22/2012 12:00 EST)                        
Bank  Funds high (max payout available)          
PayPal  Funds high (max payout available)          
Dwolla  Funds low (max payout reduced)             
Moneybookers  Funds low (max payout reduced)             
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August 22, 2012, 05:46:56 PM
 #251

First time this has ever happened but we got more demand from our Bitcoins Direct service than FastCash4Bitcoins is generating.  Usually the supply from FastCash is about 3x what we can sell to our direct buyers.  I altered the conservatism factor in the model and that increased the payout rate by about 0.5% (all other factors, volatility, spread, available funds, etc being equal). 

The new model will remain in effect until we get a little bit more normalized cashflow, er would that be coinflow. Smiley
J.Socal
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August 22, 2012, 09:09:31 PM
 #252

Yeh,holding onto them,looks like they want 10 or more per coin.
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August 22, 2012, 09:13:33 PM
 #253

Yeh,holding onto them,looks like they want 10 or more per coin.

I certainly understand the sentiment.   It is just "interesting" that our clients are diverging from the overall market.  The market price is below $10 because some enough sellers are willing to sell below $10 but not our sellers.  No I am not bashing our sellers, we got the best sellers, it just interesting.

We have an imbalance.  Higher than normal buy side demand and (well) lower than normal sell side demand yet the overall market indicates the exact opposite.
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August 23, 2012, 12:49:31 AM
 #254

First time this has ever happened but we got more demand from our Bitcoins Direct service than FastCash4Bitcoins is generating.  Usually the supply from FastCash is about 3x what we can sell to our direct buyers.  I altered the conservatism factor in the model and that increased the payout rate by about 0.5% (all other factors, volatility, spread, available funds, etc being equal). 

The new model will remain in effect until we get a little bit more normalized cashflow, er would that be coinflow. Smiley
When the price is high, people want to sell.  When the price is low, people want to buy.

It's funny how that tends to happen... Smiley
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August 23, 2012, 01:39:07 AM
 #255

No I am not bashing our sellers, we got the best sellers, it just interesting.

We have an imbalance.  Higher than normal buy side demand and (well) lower than normal sell side demand yet the overall market indicates the exact opposite.

So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated  Wink

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August 23, 2012, 03:11:39 AM
 #256

So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated  Wink

You said it not me. Wink

One data point isn't enough to draw a conclusion, just pointing out it is "interesting".
sunnankar
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August 23, 2012, 05:05:24 AM
 #257

So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated  Wink

You said it not me. Wink

One data point isn't enough to draw a conclusion, just pointing out it is "interesting".

Well, if market indicators are hinting at bitcoin backwardation then I sure would not want to be short a bunch, like 400k, of bitcoins. And I sure would not want to be the counter-party who lent the bitcoins because then the counter-party risk could get very high.

Remember the first rule of panic: Do it first!

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August 23, 2012, 07:29:04 AM
 #258

So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated  Wink

You said it not me. Wink

One data point isn't enough to draw a conclusion, just pointing out it is "interesting".



/never sells at <15 again

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sunnankar
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August 23, 2012, 03:47:38 PM
 #259

So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated  Wink

You said it not me. Wink

One data point isn't enough to draw a conclusion, just pointing out it is "interesting".

GLBSE has had the following message on their homepage for more than 24 hours:

Quote
Deposits and withdrawals are delayed, we've installed a new version of the bitcoin client which requires us to download the blockchain. Sorry for the inconvenience.

Does it take longer than 24 hours to download the blockchain these days? Has it gotten that massive?

TangibleCryptography
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August 23, 2012, 07:41:42 PM
 #260

Update:

We are adding OKPay as a payout option starting Monday.
Min Payout: $50
Max Payout: $1,000
Fee: 0.5%

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