Quote from: murraypaul on August 23, 2014, 08:30:25 AM

Quote from: hdbuck on August 23, 2014, 06:20:18 AM

Quote from: itsAj on August 23, 2014, 03:32:03 AM

Quote from: murraypaul on August 22, 2014, 08:13:06 PM

Quote from: hdbuck on August 22, 2014, 04:26:54 PM

Quote from: murraypaul on August 22, 2014, 10:28:12 AM

Quote from: Teodor on August 17, 2014, 01:59:59 PM

I have a client who wants to pay in Bitcoin & Bitleu currency a contract of 500 million euro value, but it is hard to transfer money because they are now in the investment Deutsche Bank in Germany... Must move them to a commercial bank accepted by DB, and then to an exchange for buying Bitcoin and Bitleu. If everything works well will let you know.
However, we are still looking for a Bitcoin friendly bank in Europe... do you know any?

Current Bitcoin market cap is ~5 billion Euro, so you would be looking to move almost 10% of the total Bitcoins in circulation.
There is simply no way you can acquire that many on exchanges without massively moving the price.
Bitcoin is simply not ready for transactions of that magnitude yet.

bitcoin is ready. banks arent.. Grin

Bitcoin's market cap is too small, by several orders of magnitude, to be able to transfer this value without seriously distorting the market.
There is simply no way to buy that many Bitcoins at anything resembling a sensible price, and trying to sell them would crash the price to almost nothing.

I agree. If someone were to try to buy this much bitcoin at one time they would cause the price to run up significantly and the opposite would happen when the position would be closed. As of right now bitcoin is really not very efficient at very large money transfers because it's market cap and liquidity is not sufficiently large.

I call BS. Bitcoin is more than ready to capture all the wealth in the world. I dont care if there is liquidity or not, i dont care about its market cap, it will skyrocket alongside with btc price. The sooner the better.

So you don't really understand anything that has been said, but know that Bitcoin Is Great, Go Bitcoin!!!
Not particularly useful to the original poster.

Rofl i do understand perfectly what has been said. Its you who dont understand that caring about banks et al is pointless. They will do anything to refrain bitcoin's capital leakage. Yet it is nonetheless inevitable. The more we wait for rules and acknowledgment, the less we will benefit from bitcoins technology. Why this urge to empowering them even more? Just Stop using banks. Its time we make our own choices and build our own future far far away from this corrupted system. So by ANY means: Buy buy buy. Wink