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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22844. (Read 26712929 times)

legendary
Activity: 1106
Merit: 1007
Hide your women


right ..... but that is a different discussion all together, there are logistics involved in moving large amounts of hot money no matter how you dice it. Though chances are if you have private jets worth of notes in cyprus stored in a luxury apartment, then you can probably do with not moving it for a month in the case capital controls are in place and all the banks shut and your usual friendly bank manager cannot help you out or you cannot deposit and transfer the cash to an exchange if going down the BTC route.

I was talking about how buying BTC is not an option for people that are already in a country that capital controls have been placed (and maybe expecting a haircut or a massive devaluation) as you would not be able to access those funds to buy BTC with.

If you've already lost access, then you're S.O.L., but you could use localbitcoins and pay a premium if you can pull your money out but not take it across the border.  An sd card is also less tempting for thieves and robbers (private sector or public) than a suitcase full of cash.
legendary
Activity: 1092
Merit: 1000
BFX swaps @ 19,885. Only borrowed coins are being sold. They will have to be repurchased.

I love it when a plan comes together.


I threw in an extra hundred bucks just for shits and giggles.



great plan!

btw thanks for an extra hundred bucks!

lol market timing was never my strong suit. At least with such a small amount I can afford to ride it out. I may yet have something to crow about. Just threw in another hundred.



your not saying Huh? i noticed u been chasing the pumps lately . don't feel bad my timing isn't that great either all the time. i missed a couple good moves when i didn't trust my instincts.. it's the other times though when i am in the zone on top of my game .. not gonna throw in another hundred here though .
sr. member
Activity: 294
Merit: 250
Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?

Anyone think this sort of thing happens? Serious question. Just musing on the idea.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.


http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html

http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515

http://www.bbc.com/news/business-21831943

These people WOULD use BTC to GTFO.

only if they could actually get to the money... and in which case.... what would they need BTC for.

Get money out Cyprus....? These are not financial geniuses, they are crooks.

? what please explain what you mean.



If you've made your money by sending burly blokes to whoever is in your way, and buying off the rest; you might not be as put off by putting large sums into a ridiculously unstable asset to avoid some government to get their hands on them as someone who made their money through dedication and prudent investment. If they timed it wrong they would loose more by buying BTC than simply accepting the terms of the government, a prudent investor would see this. But some of the kinds of crooks that were hiding money in Cyprus would not think like this.
legendary
Activity: 1092
Merit: 1000
bought back in,and now the price drops Tongue



what was the reason you bought back high Huh

on the bright side you have opportunity to sell low again .



legendary
Activity: 1078
Merit: 1441
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.


http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html

http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515

http://www.bbc.com/news/business-21831943

These people WOULD use BTC to GTFO.

only if they could actually get to the money... and in which case.... what would they need BTC for.

Private jets have weight limits and pallets of hundred dollar bills are heavy compared to jump drives.

right ..... but that is a different discussion all together, there are logistics involved in moving large amounts of hot money no matter how you dice it. Though chances are if you have private jets worth of notes in cyprus stored in a luxury apartment, then you can probably do with not moving it for a month in the case capital controls are in place and all the banks shut and your usual friendly bank manager cannot help you out or you cannot deposit and transfer the cash to an exchange if going down the BTC route.

I was talking about how buying BTC is not an option for people that are already in a country that capital controls have been placed (and maybe expecting a haircut or a massive devaluation) as you would not be able to access those funds to buy BTC with.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1106
Merit: 1007
Hide your women
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.


http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html

http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515

http://www.bbc.com/news/business-21831943

These people WOULD use BTC to GTFO.

only if they could actually get to the money... and in which case.... what would they need BTC for.

Private jets have weight limits and pallets of hundred dollar bills are heavy compared to jump drives.
legendary
Activity: 1078
Merit: 1441
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.


http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html

http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515

http://www.bbc.com/news/business-21831943

These people WOULD use BTC to GTFO.

only if they could actually get to the money... and in which case.... what would they need BTC for.

Get money out Cyprus....? These are not financial geniuses, they are crooks.

? what please explain what you mean.

(edit I did not read the article re suitcases full of cash, yeah using BTC could be useful in that instance. I thought you meant for evading capital controls, ie where the banks/ATMS are shut, internet banking is shut , in that situation BTC would not help)
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.


http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html

http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515

http://www.bbc.com/news/business-21831943

These people WOULD use BTC to GTFO.

only if they could actually get to the money... and in which case.... what would they need BTC for.

Get money out Cyprus....? These are not financial geniuses, they are crooks.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
legendary
Activity: 1078
Merit: 1441
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.


http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html

http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515

http://www.bbc.com/news/business-21831943

These people WOULD use BTC to GTFO.

only if they could actually get to the money... and in which case.... what would they need BTC for.
legendary
Activity: 1106
Merit: 1007
Hide your women
...It's like giving a loan to your drug-addicted cousin...

With Bitcoin, you simply become your drug-addicted cousin.

Well yeah, but I don't have one hand out and the other pointing a gun at your face, telling you it's for you're own good.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

Anyone who thinks the average Cypriot read up on BTC and then bought in within the space of a few days is tripping their tits off. It was inspiration for existing believers to buy more and that's about it.

A lot of russian oligarchs had their money stashed away there. Serious amounts. And they know what BTC is.


http://www.independent.co.uk/news/world/europe/moscows-mafia-finds-an-island-in-the-sun-cyprus-is-awash-with-dubious-dollars-from-russia-robert-fisk-reports-from-limassol-on-the-visitors-with-private-jets-bulging-suitcases-and-a-reluctance-to-answer-questions-1381056.html

http://www.reuters.com/article/2013/05/15/us-cyprus-outflows-insight-idUSBRE94E0BN20130515

http://www.bbc.com/news/business-21831943

These people WOULD use BTC to GTFO.
sr. member
Activity: 378
Merit: 254
...It's like giving a loan to your drug-addicted cousin...

With Bitcoin, you simply become your drug-addicted cousin.
legendary
Activity: 1106
Merit: 1007
Hide your women
BFX swaps @ 19,885. Only borrowed coins are being sold. They will have to be repurchased.

I love it when a plan comes together.


I threw in an extra hundred bucks just for shits and giggles.



great plan!

btw thanks for an extra hundred bucks!

lol market timing was never my strong suit. At least with such a small amount I can afford to ride it out. I may yet have something to crow about. Just threw in another hundred.
newbie
Activity: 26
Merit: 0
so i've been doing a lot of price speculation thinking this last week and i came across an interesting question.  the btc/usd not only depends on the btc market but the usd market. if the usd started steadily losing value how would we see this effecting btc/usd prices.
legendary
Activity: 1078
Merit: 1441
I don't believe Cyprus had much direct effect on the BTC price. The idea that the Cyprus crisis was causing a price boost was mentioned in the news in the US and Europe, which generated some hype. Some Europeans bought bitcoins, but I don't think much of the buying actually came from Cyprus.

Bitcoin was new and exciting back then. I'm not convinced another financial crisis now would have a similar effect.

I agree, apart from anything else, they had their accounts frozen, out of the blue (ish) and therefore they would not have been able to buy, unless they a) already had cash and in which case, problem already solved no need for BTC, or b) they already held money in accounts abroad, and in which case problem solved. The money they had in accounts in Cyprus apart from the very luck few, had capital controls imposed on them  so they could not buy BTC with them if they wanted.

However, I DO think that the occurrence spoke to many people, I do not think it was entirely insignificant for the argument in favor of decentralised crypto-currencies.

Remember it was not just capital controls, they also got a haircut for their troubles.
legendary
Activity: 1106
Merit: 1007
Hide your women

Well, he hasn't confiscated them, just nationalized them.   Which may be the first step to siphoning money out of them, but also may protect them from madoffitis or lehmannbrodosis. 

(In my 20s I contributed for several years to a private pension fund that eventually goxxed.  A few years ago the neocon governor of the State of São Paulo privatized the state workers' pension fund, which among other things means less transparency and accountability, and less obligation for the state in case the fund sinks, and put his cronies at the helm.  So, frankly, I do not feel much about Morales's move, either way.)

My God your statist blinders are thick. He doesn't even have to be intentionally stealing. All he has to do is convince himself that he's borrowing the funds short term, then for an extended term and then something else becomes more important than replenishing them. It's like giving a loan to your drug-addicted cousin. You're almost certain that you'll never see that money again.
sr. member
Activity: 384
Merit: 250
bought back in,and now the price drops Tongue
The god of trading demands pain before gain. Sweat it out.

Hmm, kungfoo but for bitcoin?
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