Topic: Bitcoin to hit +$10,000 on Bitstamp this weekend... - page 3. (Read 12143 times)
I don't care. My country also have troubled banks that cost several billions.
My money is safer in Slovenia than it's in my own country.
Maybe I'll move to Slovenia. They seem to be more reasonable even though they have a huge deficit.
My money is safer in Slovenia than it's in my own country.
Maybe I'll move to Slovenia. They seem to be more reasonable even though they have a huge deficit.
Update: Bitcoin to hit $10,000 on Bitstamp this weekend 
Unless their Prime Minister can magic 4.6 billion euros from somewhere she'll be looking for help from the troika (EU, ECB and the IMF). That's possibly very bad news for customers with dollars on deposit with Bitstamp because the troika has said that any further bailouts will have an element of investor pain attached i.e. bank deposit confiscation.
Quote
Slovenia needs up to 5 billion euro to clean up troubled banks: sources
Slovenia is expected to need as much as 5 billion euros ($6.8 billion) to recapitalize its banks, sources familiar with the matter told Reuters, a figure some officials say would not require an international bailout.
Slovenia's government is determined not to seek international aid and one government official recently said that even were the bill for repair to reach 4.6 billion euros it would not trigger a request for help. The banks are nursing some 8 billion euros in bad loans, equivalent to almost one quarter of economic output, raising speculation that Slovenia, with a population of just 2 million, might become the sixth euro zone economy to need outside help. On December 13, the government will receive the results of an external audit of the banks, which will say how much cash the government must inject to keep them afloat. "The latest figure we have for Slovenia is 5 billion euros," a senior euro zone official familiar with the situation told Reuters.
A second official said that 5 billion euros was likely to be the upper limit and that it could be as low as 4 billion euros. He said it was unlikely this range would require an international bailout for the ex-Yugoslav republic. A source close to the government of Prime Minister Alenka Bratusek told Reuters last week that the country was able to cope with a gap of 4.6 billion euros. Slovenia's stock market suspended trade in its banks' shares and junior bonds on Monday, until the publication of results of bank stress tests next week. Credit-rating agency Fitch has said that under the worst-case scenario, Ljubljana will have to recapitalize its mostly state-owned banks with 4.6 billion euros - far more than the 1.2 billion euros it has set aside.
http://www.reuters.com/article/2013/12/04/us-eurozone-slovenia-idUSBRE9B30Z920131204
Slovenia is expected to need as much as 5 billion euros ($6.8 billion) to recapitalize its banks, sources familiar with the matter told Reuters, a figure some officials say would not require an international bailout.
Slovenia's government is determined not to seek international aid and one government official recently said that even were the bill for repair to reach 4.6 billion euros it would not trigger a request for help. The banks are nursing some 8 billion euros in bad loans, equivalent to almost one quarter of economic output, raising speculation that Slovenia, with a population of just 2 million, might become the sixth euro zone economy to need outside help. On December 13, the government will receive the results of an external audit of the banks, which will say how much cash the government must inject to keep them afloat. "The latest figure we have for Slovenia is 5 billion euros," a senior euro zone official familiar with the situation told Reuters.
A second official said that 5 billion euros was likely to be the upper limit and that it could be as low as 4 billion euros. He said it was unlikely this range would require an international bailout for the ex-Yugoslav republic. A source close to the government of Prime Minister Alenka Bratusek told Reuters last week that the country was able to cope with a gap of 4.6 billion euros. Slovenia's stock market suspended trade in its banks' shares and junior bonds on Monday, until the publication of results of bank stress tests next week. Credit-rating agency Fitch has said that under the worst-case scenario, Ljubljana will have to recapitalize its mostly state-owned banks with 4.6 billion euros - far more than the 1.2 billion euros it has set aside.
http://www.reuters.com/article/2013/12/04/us-eurozone-slovenia-idUSBRE9B30Z920131204
Unless their Prime Minister can magic 4.6 billion euros from somewhere she'll be looking for help from the troika (EU, ECB and the IMF). That's possibly very bad news for customers with dollars on deposit with Bitstamp because the troika has said that any further bailouts will have an element of investor pain attached i.e. bank deposit confiscation.
Hello sir wheres your 1000$+ ?
Whyyyyyy would you bump this? 
interesting.
Dreht euch nicht um
denn der Bankrott geht um.
Wer sich umdreht oder lacht
kriegt den Buckel voll gemacht
Who's next?
Dreht euch nicht um
denn der Bankrott geht um.
Wer sich umdreht oder lacht
kriegt den Buckel voll gemacht
Who's next?
Slovenia Downgraded to Junk Status
http://www.huffingtonpost.com/huff-wires/20130430/us-moody-s-slovenia/?utm_hp_ref=business&ir=business
BlackRock Asks Slovenia Bad-Bank Details Before Debt Sale
http://www.bloomberg.com/news/2013-04-30/blackrock-asks-slovenia-bad-bank-details-before-debt-sale.html
Guess we'll be seeing soon enough if Cyprus was a one off or the new template.
http://www.huffingtonpost.com/huff-wires/20130430/us-moody-s-slovenia/?utm_hp_ref=business&ir=business
Quote
Moody's Investors Service downgraded Slovenia's government bond rating on banking turmoil in the Eastern European country and the government's heavy debt load.
The rating agency on Tuesday lowered the country's rating into junk-grade status with a "Ba1" rating. The outlook remains negative – meaning it could face further downgrades in the near future.
The rating agency on Tuesday lowered the country's rating into junk-grade status with a "Ba1" rating. The outlook remains negative – meaning it could face further downgrades in the near future.
BlackRock Asks Slovenia Bad-Bank Details Before Debt Sale
http://www.bloomberg.com/news/2013-04-30/blackrock-asks-slovenia-bad-bank-details-before-debt-sale.html
Quote
BlackRock Inc (BLK)., the world’s biggest investor, is asking Slovenia to provide details of a project to rescue banks as the government delayed pricing of its first long-term debt this year and Moody’s Investors Service lowered the country to junk.
The nation needs to recapitalize its ailing banking industry with as much as 1 billion euros ($1.3 billion) and fund the budget as the government works out details of a so-called bad bank plan to restructure the industry. The country is grappling with its second recession since 2009, with the export- driven economy forecast to contract again this year, according to a Bloomberg survey.
The nation needs to recapitalize its ailing banking industry with as much as 1 billion euros ($1.3 billion) and fund the budget as the government works out details of a so-called bad bank plan to restructure the industry. The country is grappling with its second recession since 2009, with the export- driven economy forecast to contract again this year, according to a Bloomberg survey.
Guess we'll be seeing soon enough if Cyprus was a one off or the new template.
You're lying yourself big time if you think that Bitcoin is in stage where people invest in it as some kind of safety, lol.
It's still pure, pure speculation.
It's still pure, pure speculation.
I'm not suggesting it's a safe haven but I do think people would rather take bitcoins at a much inflated price instead of shares in Unicredit Slovenia which can't be traded for X number of years.
Of course I'm only playing devil's advocate here with my suggestions but if Bitstamp had one million dollars on deposit and Slovenia was forced into Cypriot style solution then the tax could be as high as 90%
This is all irrelevant if they've moved accounts to the UK but when I sent money to them a couple of weeks ago it went to Slovenia.
This is all irrelevant if they've moved accounts to the UK but when I sent money to them a couple of weeks ago it went to Slovenia.
If they moved the bank accounts to UK they are safe. WTF are you talking about?
The Northern Rock disaster of 2007 showed the UK government is willing to print whatever money is necessary to keeps the banks open for business.
The question of what the pounds in the account will be able to buy is a different issue.
They posted on their blog that they switched their bank to the Unicredit UK. So I think they solved it quite well.
Wrong, not only it stays the same bank as before in Slovenia, but there is not such a thing as Unicredit UK. They only switched the company to a UK one.
https://www.bitstamp.net/article/new-banking-details/
Dear Bitstamp clients,
We would like to inform you that Bitstamp now has new bank details.
We ask that you send all further deposits to following bank account:
Account owner:
Bitstamp LIMITED
Address: 5 Jupiter House, Calleva Park, Aldermaston
City: Reading, Berkshire RG7 8NN
Country: United Kingdom
Bank name:
Unicredit banka Slovenija d.d.
Address: Smartinska 140
City: 1000 Ljubljana
Country: Slovenia
IBAN: SI56290000170073837
BIC (SWIFT): BACXSI22
They posted on their blog that they switched their bank to the Unicredit UK. So I think they solved it quite well.
Wrong, not only it stays the same bank as before in Slovenia, but there is not such a thing as Unicredit UK. They only switched the company to a UK one.
https://www.bitstamp.net/article/new-banking-details/
Dear Bitstamp clients,
We would like to inform you that Bitstamp now has new bank details.
We ask that you send all further deposits to following bank account:
Account owner:
Bitstamp LIMITED
Address: 5 Jupiter House, Calleva Park, Aldermaston
City: Reading, Berkshire RG7 8NN
Country: United Kingdom
Bank name:
Unicredit banka Slovenija d.d.
Address: Smartinska 140
City: 1000 Ljubljana
Country: Slovenia
IBAN: SI56290000170073837
BIC (SWIFT): BACXSI22
Yes you are right, my apologies.
Anyway it seems like they are moving business to the UK (at least formally) so I assume the next step will be to open bank account there.
They posted on their blog that they switched their bank to the Unicredit UK. So I think they solved it quite well.
Wrong, not only it stays the same bank as before in Slovenia, but there is not such a thing as Unicredit UK. They only switched the company to a UK one.
https://www.bitstamp.net/article/new-banking-details/
Dear Bitstamp clients,
We would like to inform you that Bitstamp now has new bank details.
We ask that you send all further deposits to following bank account:
Account owner:
Bitstamp LIMITED
Address: 5 Jupiter House, Calleva Park, Aldermaston
City: Reading, Berkshire RG7 8NN
Country: United Kingdom
Bank name:
Unicredit banka Slovenija d.d.
Address: Smartinska 140
City: 1000 Ljubljana
Country: Slovenia
IBAN: SI56290000170073837
BIC (SWIFT): BACXSI22
.....when the EU freezes all Slovenian bank accounts according to the terms of a new bailout and the only way to withdraw your funds will be through Bitcoin.
$145 (and falling) to $1k in 2 days? This will be exciting to watch. Are you long bitcoin?
You're lying yourself big time if you think that Bitcoin is in stage where people invest in it as some kind of safety, lol.
It's still pure, pure speculation.
It's still pure, pure speculation.
Of course I'm only playing devil's advocate here with my suggestions but if Bitstamp had one million dollars on deposit and Slovenia was forced into Cypriot style solution then the tax could be as high as 90%
This is all irrelevant if they've moved accounts to the UK but when I sent money to them a couple of weeks ago it went to Slovenia.
This is all irrelevant if they've moved accounts to the UK but when I sent money to them a couple of weeks ago it went to Slovenia.
Fixed the title for you 
Back on topic: I don't think they can adopt another Cyprian solution -not that soon. Can they? The panic would be complete, no really one would leave money on their bank accounts anymore. So, I think they'll be forced to find a completely different method, for now at least. So deposits should be safe.
And even if they did block bank withdrawals -wuld you really buy coins at 1000+ to sell them on Gox at 200 at best, thus taking a 80% hit... to evade a 10% tax?
If yes, I have some very interesting investments to sell you!
Back on topic: I don't think they can adopt another Cyprian solution -not that soon. Can they? The panic would be complete, no really one would leave money on their bank accounts anymore. So, I think they'll be forced to find a completely different method, for now at least. So deposits should be safe.
And even if they did block bank withdrawals -wuld you really buy coins at 1000+ to sell them on Gox at 200 at best, thus taking a 80% hit... to evade a 10% tax?
If yes, I have some very interesting investments to sell you!
I would hesitate to trade on Bitstamp when their primary bank account is in Slovenia. I guess they will have no way of sending/recieving FIAT if the accounts will be frozen...
They posted on their blog that they switched their bank to the Unicredit UK. So I think they solved it quite well.
Btw. they are currently down.
I would hesitate to trade on Bitstamp when their primary bank account is in Slovenia. I guess they will have no way of sending/recieving FIAT if the accounts will be frozen...
I think we'd all tap that ass.
(OT)
Most Eastern European women are hot and well educated. It's in their culture to make themselves desirable so they can find a wealthy man to marry.
And there is shortage of males over there, so law of demand and offer applies.
You might notice that the exact opposite happens in US
.....when the EU freezes all Slovenian bank accounts according to the terms of a new bailout and the only way to withdraw your funds will be through Bitcoin.
http://www.guardian.co.uk/world/2013/apr/09/slovenia-eurozone-bailout-rumours
Discuss.
Note: I'm not implying anything against the integrity of Bitstamp, rather the integrity of the Slovenian banking system after a bailout.
http://www.guardian.co.uk/world/2013/apr/09/slovenia-eurozone-bailout-rumours
Discuss.
Note: I'm not implying anything against the integrity of Bitstamp, rather the integrity of the Slovenian banking system after a bailout.
AFAIK for payments BitStamp uses an account at the Slovenian branch of UniCredit, which is a big (troubled) Italian bank anyway.
Not sure if and how they would ever be affected by a bailout scenario.
Their Prime Minister really is ugly....
Better picture
I think we'd all tap that ass.
Her shoes are horrible. She needs a new stylist.
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