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Old 05-31-2012, 12:27 PM   #3401
card52100
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Re: Moving to Buenos Aires discussion

Was considering going for 7-10 days this month. Would go with a couple friends. Pretty safe in BA?
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Old 05-31-2012, 06:15 PM   #3402
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Re: Moving to Buenos Aires discussion

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Originally Posted by sapol View Post
I was just thinking...for those who come with USD, how do you get pesos and at what exchange rate?
At change houses throughout the city. 2 Mondays ago, (the 21st) a friend of mine exchanged at 5.6. This was specifically at one on Bulnes on the other side of Santa Fe from the Alto Palermo shopping mall. This was a day before the "blue" spiked above Six. I assume you can sell it around the "Dolar Informal" price listed here:

http://www.ambito.com/economia/mercados/dolar.asp
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Old 05-31-2012, 08:46 PM   #3403
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Re: Moving to Buenos Aires discussion

Hi all Buenos Aires grinders! Could you guys help me out with some questions?

First off, I am amercan born citizen considering moving down for a few months to live with my Argentine father and grind some sngs while im down there. I hear theres new restrictions and hoping to hear from you guys already grinding down there..

Would it be easier( for cashouts/deposits) since my father already has bank accounts.. To play under his name?
what kind of tax burden is there for poker income?
What sites besides Stars and Party are good for grinding sngs?

If anyone could help with my questions..I would appreiciate it.
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Old 06-01-2012, 10:00 AM   #3404
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Re: Moving to Buenos Aires discussion

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Originally Posted by Pwnapalooza View Post

Would it be easier( for cashouts/deposits) since my father already has bank accounts.. To play under his name?
what kind of tax burden is there for poker income?
What sites besides Stars and Party are good for grinding sngs?
Banks are not allowed to receive money from gambling winnings, but if your father opens a Neteller acc you will be able to cash out from ATM's.
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Old 06-02-2012, 12:12 AM   #3405
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Re: Moving to Buenos Aires discussion

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Banks are not allowed to receive money from gambling winnings, but if your father opens a Neteller acc you will be able to cash out from ATM's.
Ok. Is it simple to make a first deposit using an Argentine bank? then use netteller for cashouts?
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Old 06-02-2012, 01:52 PM   #3406
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Re: Moving to Buenos Aires discussion

Not possible imo. You should make a poker site transfer or have someone with a Neteller account transfer to him. As far as I know you could use Ukash to transfer money to Neteller, but right now there are very strict controls regarding the dollar so I'm not sure if that's a possibility.
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Old 06-02-2012, 04:49 PM   #3407
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Re: Moving to Buenos Aires discussion

With the Neteller card cashouts you would be getting screwed over so hard. First you would be converting dollars to pesos at the official exchange rate which is really bad but then you would also be paying Neteller fees ($6 plus 3% per withdrawal) and probably regular ATM fees too. If you're going to be cashing out a decent amount of money then you should look into Uruguay for the banking. If you don't have dual citizenship then you probably need your dad's help since it is apparently harder for Americans to open accounts in Uruguay these days.
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Old 06-02-2012, 06:00 PM   #3408
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Re: Moving to Buenos Aires discussion

this is all really help guys. I am talking with my dad about these options. Any other advice is appriciated.
Thanks again.

also.. a reason i want to play under my fathers name is to be able to give him access to some cash if the family needs. Hopefully he can get a setup in Uraguay. we'll see.
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Old 06-03-2012, 06:15 PM   #3409
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Re: Moving to Buenos Aires discussion

Wait is the peso more or less pegged to the USD these days? (that's what the chart looks like). If I were to visit, should I be bringing USD with me to exchange somewhere for pesos instead of using an ATM card?
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Old 06-03-2012, 08:12 PM   #3410
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Re: Moving to Buenos Aires discussion

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Originally Posted by TheMetetrown View Post
Wait is the peso more or less pegged to the USD these days? (that's what the chart looks like). If I were to visit, should I be bringing USD with me to exchange somewhere for pesos instead of using an ATM card?
"pegging" means a lot of things so I can't really answer that.

Officially, you can buy and sell dollars around 4.5 pesos/dollar. This was exclusively for residents and the amount of dollars you could purchase was related to your income, your credit card expenses and a few other things that AFIP could say, ok you can buy X amount of dollars. If you wanted more dollars, you'd have to buy them at change houses at the informal rate. Recently, as in the past week, regardless of how many dollars you purchased recently, income and whatever formula they were using, they've stopped selling dollars.

I've heard rumors that on Monday (tomorrow) they might increase the official rate to 5.1. That would help at ATMs when withdrawing from your dollar accounts but it is still below what is the price on the street. I don't know if dollars will be available now to residents either.

If you were to come here you should bring dollars and then sell them. You will get a much better price.
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Old 06-04-2012, 02:45 AM   #3411
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Re: Moving to Buenos Aires discussion

So as a tourist I'd be more interested in going USD -> ARS. It sounds like ATMs spit out pesos at 4.5:1 which is obviously bull****. If you have USD in hand, do you just go to a casa de cambio and exchange those for pesos at a better rate or do you need to do some backroom exchange somewhere?

Sounds like a gigantic ***** for anyone living there.
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Old 06-04-2012, 10:15 AM   #3412
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Re: Moving to Buenos Aires discussion

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Originally Posted by TheMetetrown View Post
do you just go to a casa de cambio and exchange those for pesos at a better rate or do you need to do some backroom exchange somewhere?

Sounds like a gigantic ***** for anyone living there.
Not at casas de cambio, you exchange them at a "cueva", that might be an office in the financial district or a furniture shop at palermo.
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Old 06-07-2012, 12:45 AM   #3413
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Re: Moving to Buenos Aires discussion

For those that need a good reference for selling dollars and getting pesos (comes to your house, not going to rob you, etc) or the other way, I have a trustworthy guy I don't mind recommending. Shoot me a PM.
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Old 06-07-2012, 05:34 PM   #3414
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Re: Moving to Buenos Aires discussion

Hey! I'm not new here, first post cause i didn't speak english very good... I'm getting better. Im going to Buenos Aires (Palermo) next week , I'm gonna stay there for 2 years or so, I'm a micro stakes player but i make enough for rent and basics, I'm going ok in my local casino too ( Don't play much there because is a really bad structure (15-20bb) and the game is really slow, but they have really good tournaments, i made some good money playing those... everyone is really bad, so i have a nice bankroll for live games too, if thing goes wrong i have some money saved and recently sold mi car, so I'm going to be playing my best game ...not being result oriented, I'm interesting in meet someone who's living in BA, and help each other , i can teach you spanish (I'm from Spain) , and you teach me english , and i really want to talk there with other poker players, about places to play, casinos in other cities of argentina , etc etc. If someone is interested send me a message!
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Old 06-09-2012, 02:29 PM   #3415
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Re: Moving to Buenos Aires discussion

With all the talk about inflation and recommendations to bring USD into the country, I think you guys should know about another option. There are some Argentinians on the bitcoin forums looking for ways to get their cash out. Bitcoins are much easier to move out of Argentina into a foreign account than USD cash is because you can carry them on a USB flash drive and not have to deal with cash sniffing dogs at the border. For those who don't know, bitcoin is a decentralized digital currency, so you can just do whatever you want with them without any regulation.

This is particularly good for poker players already living in BA. You can use your foreign bank account to wire your poker winnings onto a bitcoin exchange. The best one for US accounts is MTGox, and for Euro area accounts it is Intersango. Intersango doesn't even require identity verification documents. There are many other transfer methods besides wires too.

Once you have exchanged your money for bitcoins (1 bitcoin is currently worth ~$5.65) you can instantly withdraw them to a bitcoin client on your computer in BA and trade them to someone for your living expenses. According to this article, USD is currently getting traded for pesos at 5.5, a 23% markup over the official 4.48 rate. And Soah just said in the other BA thread that you can get 25-35%. So your living expenses would be that much lower. This idea illustrates the potential of a decentraized digital currency that can instantly cross borders avoiding government control. I would expect some kind of crackdown or legislation when this method gets popular, but until then, you guys should pillage it.

Last edited by sethseth; 06-09-2012 at 02:40 PM.
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Old 06-09-2012, 09:28 PM   #3416
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Re: Moving to Buenos Aires discussion

Several people are interested in the bitcoin selling, so I will make a post on bitcointalk.org and see how many buyers come out of the woodwork. A guy is already selling on the forum, but he's only offering up to 200 bitcoins, so I could offer to take all the action over 200BTC ($1k) worth.

I can even sell a few hundred bitcoins to someone in exchange for moneybookers or poker monies (cover my trade fees plz) just to get the ball rolling and show how beneficial this is to poker players in BA. 35% off on living expenses seems pretty awesome if the buyers are there.

Last edited by sethseth; 06-09-2012 at 09:56 PM.
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Old 06-09-2012, 10:17 PM   #3417
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Re: Moving to Buenos Aires discussion

Just found a facebook group for Bitcoin Argentina here: https://www.facebook.com/groups/141795129242281/?ref=ts

Someone should ask them how they are doing the trades in BA.
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Old 06-19-2012, 03:28 PM   #3418
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Re: Moving to Buenos Aires discussion

I made a post about selling bitcoins in BA for pesos at 33% vig and a guy from elbitcoin.org wants some. The post specified volume of 200-1000 bitcoins ($1300-$6500 USD at the current $6.50 exchange rate), so if someone wants this, let me know and I can give you the buyer info or give you access to the email account so that you can trade with anyone who emails that address about buying. First person to hit me up gets it You're welcome guys!

If there are small stakes players in BA, it is easy to do trades smaller than 1k USD, as there are tons of posts about it in the bitcointalk spanish forum and the facebook argentina group, and it certainly seems worth it for this outrageous markup. Lol @ 33% vig, that's almost enough to make me want to move to BA instead of brazil

Last edited by sethseth; 06-19-2012 at 03:57 PM.
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Old 06-21-2012, 01:47 PM   #3419
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Re: Moving to Buenos Aires discussion

Cant bitcoins fluctuate dramatically if you have to hold them for a lengthy period?
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Old 06-21-2012, 03:21 PM   #3420
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Re: Moving to Buenos Aires discussion

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Cant bitcoins fluctuate dramatically if you have to hold them for a lengthy period?
Yes. Fortunately you don't have to hold them to take advantage of this. Just transfer onto an exchange and leave it in USD or € or whatever. Then whenever someone wants to trade you for pesos you can convert to bitcoins (~0.5% trading fees) and instantly send them to him. You could do this with your smartphone too. This way you are not exposed to the exchange rate as you are only holding them for a few seconds.

Recently bitcoins have been much more stable, but still fluctuating between $5 and $7 this year. There's an FAQ on bitcoin.org, and the thread in BFI has some good arguments about the strengths and weaknesses of bitcoin if anyone wants to know more.

Last edited by sethseth; 06-21-2012 at 03:28 PM.
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Old 06-21-2012, 06:46 PM   #3421
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Re: Moving to Buenos Aires discussion

What's the advantage of using bit-coins in BA as opposed to a good black market rate where the guy comes to your house? I got 5.8 today -- would I be getting a much better deal using bitcoin?
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Old 06-21-2012, 07:36 PM   #3422
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Re: Moving to Buenos Aires discussion

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What's the advantage of using bit-coins in BA as opposed to a good black market rate where the guy comes to your house? I got 5.8 today -- would I be getting a much better deal using bitcoin?
There is no advantage if you have USD already. Just use bitcoins if you run out of USD and you don't want to leave the country to get more.

Is everyone really bringing all their rent/spending money in USD? Is there any risk at customs? Can you bring more than 10k? Can you sell poker money there at a big markup?
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Old 06-24-2012, 04:35 AM   #3423
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Re: Moving to Buenos Aires discussion

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Originally Posted by sethseth View Post
There is no advantage if you have USD already. Just use bitcoins if you run out of USD and you don't want to leave the country to get more.

Is everyone really bringing all their rent/spending money in USD? Is there any risk at customs? Can you bring more than 10k? Can you sell poker money there at a big markup?
Please use the multi quote function and stop pushing bitcoin so hard. One post would have been plenty.
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Old 06-24-2012, 12:42 PM   #3424
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Re: Moving to Buenos Aires discussion

Any suggestions on the average price for a 1 bedroom apartment with good sized living room in BA? Been looking around on this site (http://www.buenosaireshabitat.com/bu...partments.html) and some of the flats look pretty sick for 1 bedroom apartments. Overpriced or is that what you could expect?

Also any good guides lying around for bank account, mobile phone, places to visit etc in BA? Thanks
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Old 06-24-2012, 02:01 PM   #3425
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Re: Moving to Buenos Aires discussion

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Any suggestions on the average price for a 1 bedroom apartment with good sized living room in BA? Been looking around on this site (http://www.buenosaireshabitat.com/bu...partments.html) and some of the flats look pretty sick for 1 bedroom apartments. Overpriced or is that what you could expect?

Also any good guides lying around for bank account, mobile phone, places to visit etc in BA? Thanks
Listing geared for tourists are going to cost a premium. It really depends on your budget how hard you want to try to look around that. You can also negotiate significantly.
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