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I just placed money into my account a day or two ago, and have been waiting for bitcoin prices to stabilize. So I have USD in there and no way to convert it and

I just placed money into my account a day or two ago, and have been waiting for bitcoin prices to stabilize. So I have USD in there and no way to convert it and get it out without giving them my gov. id. and bank routing numbers. I've only accessed Bitfloor via Tor to keep my anonymity. So fuck that (the id and bank details part). If I'm lucky, maybe they'll offer to convert funds to BTC and send them to an address.

jaredstenquist 14y ago
You know what they say about poor decisions. They're made every day.
- dfc 14y ago
  Full context, in a recent post jared admits/confesses: I "invested" $1,000 in BTC during the early hype as it was approaching $32.00. I told my co-workers how cool of a concept it was and that my investment was sure to pay off with a skyrocketing price. After months and months the price drops and drops. My $1,000 is worth $200. I go through a ridiculously long process of proving my identity to Mt. Gox and Dwolla just to get real USD back at 1/5 their original value. Now if only I had kept it in there for the long haul, I'd have my $1,000 back. It's precisely this volatility that personally makes me skeptical of it truly reaching a critical mass of any sort. [1] https://news.ycombinator.com/item?id=5262486 https://news.ycombinator.com/item?id=5262486
  - sillysaurus 14y ago
    Now if only I had kept it in there for the long haul, I'd have my $1,000 back. He would in fact have about $3,000 today (just 2 months after his comment). Of course, yesterday he would've had $2,000, and a week or so ago he would've had about $8,000. It'll be interesting to see how Bitcoin plays out.
    - ams6110 14y ago
      This is the classic "buy high, sell low" pattern seen when investors get into a volatile market with a lot of hype. If you can't afford to lose it or at least let it ride, put your money in CDs.
- tiredofcareer 14y ago
  What a tremendously helpful comment. Do you have anything to contribute, instead of just poking the poster?
  - gfodor 14y ago
    Actually if his comment causes the poster to reflect on the fact that perhaps this was a mistake in the first place and a lesson to be learned, the poster and anyone reading this thread might be better off.
  - ninjac0der 14y ago
    I don't see any reason his comment should be down-voted, the others just sound emotional and butthurt about the situation. Sorry you guys are so torn about this stuff, but if anything is useless, it's this meta-conversation about his comment.
jzwinck 14y ago
I'd suggest emailing support@bitfloor.com and asking them to help you do what you need. That is assuming we're talking about a substantial amount of money and not $20. Or, find a friend who isn't so cautious to receive the money and give you BTC or good old dead trees.

jaredstenquist 14y ago

You know what they say about poor decisions. They're made every day.

dfc 14y ago
Full context, in a recent post jared admits/confesses: I "invested" $1,000 in BTC during the early hype as it was approaching $32.00. I told my co-workers how cool of a concept it was and that my investment was sure to pay off with a skyrocketing price. After months and months the price drops and drops. My $1,000 is worth $200. I go through a ridiculously long process of proving my identity to Mt. Gox and Dwolla just to get real USD back at 1/5 their original value. Now if only I had kept it in there for the long haul, I'd have my $1,000 back. It's precisely this volatility that personally makes me skeptical of it truly reaching a critical mass of any sort. [1] https://news.ycombinator.com/item?id=5262486 https://news.ycombinator.com/item?id=5262486
- sillysaurus 14y ago
  Now if only I had kept it in there for the long haul, I'd have my $1,000 back. He would in fact have about $3,000 today (just 2 months after his comment). Of course, yesterday he would've had $2,000, and a week or so ago he would've had about $8,000. It'll be interesting to see how Bitcoin plays out.
  - ams6110 14y ago
    This is the classic "buy high, sell low" pattern seen when investors get into a volatile market with a lot of hype. If you can't afford to lose it or at least let it ride, put your money in CDs.
tiredofcareer 14y ago
What a tremendously helpful comment. Do you have anything to contribute, instead of just poking the poster?
- gfodor 14y ago
  Actually if his comment causes the poster to reflect on the fact that perhaps this was a mistake in the first place and a lesson to be learned, the poster and anyone reading this thread might be better off.
- ninjac0der 14y ago
  I don't see any reason his comment should be down-voted, the others just sound emotional and butthurt about the situation. Sorry you guys are so torn about this stuff, but if anything is useless, it's this meta-conversation about his comment.

jzwinck 14y ago

I'd suggest emailing support@bitfloor.com and asking them to help you do what you need. That is assuming we're talking about a substantial amount of money and not $20. Or, find a friend who isn't so cautious to receive the money and give you BTC or good old dead trees.