flatfly
Legendary
 Offline
Activity: 1092
Merit: 1016
760930
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August 20, 2012, 10:49:04 AM |
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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.
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Stephen Gornick
Legendary
Offline
Activity: 2506
Merit: 1010
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August 20, 2012, 11:37:38 AM |
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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. |
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TangibleCryptography (OP)
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August 20, 2012, 02:12:16 PM |
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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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J.Socal
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August 21, 2012, 03:22:52 AM |
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bummer..
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Miner99er
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August 21, 2012, 05:21:00 AM |
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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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TangibleCryptography (OP)
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August 21, 2012, 05:33:48 AM |
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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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TangibleCryptography (OP)
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August 21, 2012, 11:47:13 AM |
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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) | |
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Aseras
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August 22, 2012, 03:40:05 PM |
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I placed my first order today. Spent ~3 weeks in the hospital, got bills to pay  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  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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TangibleCryptography (OP)
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August 22, 2012, 03:50:54 PM |
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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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TangibleCryptography (OP)
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August 22, 2012, 05:46:56 PM |
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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.  |
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J.Socal
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August 22, 2012, 09:09:31 PM |
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Yeh,holding onto them,looks like they want 10 or more per coin.
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TangibleCryptography (OP)
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August 22, 2012, 09:13:33 PM |
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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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Ari
Member
Offline
Activity: 75
Merit: 10
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August 23, 2012, 12:49:31 AM |
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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. 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... |
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sunnankar
Legendary
Offline
Activity: 1031
Merit: 1000
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August 23, 2012, 01:39:07 AM |
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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  |
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TangibleCryptography (OP)
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August 23, 2012, 03:11:39 AM |
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So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated You said it not me. One data point isn't enough to draw a conclusion, just pointing out it is "interesting". |
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sunnankar
Legendary
Offline
Activity: 1031
Merit: 1000
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August 23, 2012, 05:05:24 AM |
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So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated You said it not me. 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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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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August 23, 2012, 07:29:04 AM |
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So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated You said it not me. 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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Monero
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| "The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." David Chaum 1996
"Fungibility provides privacy as a side effect." Adam Back 2014
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sunnankar
Legendary
Offline
Activity: 1031
Merit: 1000
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August 23, 2012, 03:47:38 PM |
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So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated You said it not me. 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: 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? |
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TangibleCryptography (OP)
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August 23, 2012, 07:41:42 PM |
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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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existenz55
Newbie
Offline
Activity: 57
Merit: 0
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August 25, 2012, 06:34:47 AM |
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So you are hinting at Bitcoin backwardation? Perhaps the 'overall market' is being slightly manipulated You said it not me. 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: 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? 2 weaks ago it took me around 36 hours to download the bitcoin from ground zero. |
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