Transactions in BCH are a little boosted by subterfuge (see M. Ver's Bitcoin.com) and by forcing people to buy mining gear with it. With Monero, awareness is real, interest is genuine. Real money is not stupid. Monero is tech people are starting to realise they WILL need in future, but maybe don't think they need just now. They will wake up. Fees? See bulletpoofs. And it's already faster and way lower than BTC in any case. Monero has been a solid top 10 CC for a long time now, it is respected and admired. Use cases will drive adoption - we only need to wait and hold. DNM revival will work in tandem with new tech announcements to creep slowly towards market ubiquity. Plus Monero leaps occasionally, then stays steady - it looks 'safe'. Sometimes this is dull, in other times this will be golden. 'Build it, they will come'. It works. Monero will prove it. |
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Likely because we still have no widely known mobile wallet ( monerujo could need some marketing ), no HW and people likely just hold their Moneroj on exchanges The GUI is pretty functional, I don't think serious holders (hodlers?) are all on exchange at all. An HW will come - it's a matter of time only, it's simply that Monero is more sophisticated than other Bitcoin 'clones' and therefore not as simple to copy/paste code into a standard HW. Monero is superior tech, they need to catch up, not us. |
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Bitpay going over to Bcash news is concerning for the CC market's flagship coin.
It does highlight the fees / transaction issue starkly. I am still pro-core, but they need to get their shit together now. Segwit was agreed, but it isn't being adopted and isn't even anywhere near a transaction default. Or a default in wallets.
Exchanges are under huge strain, a lot of new weak hands are in, we are one clusterfuck scandal (tether / major exchange issue / legislation FUD / whatever) away from potential dark times the MSM will leap on.
BTC getting Segwit out properly would help. A lot. Sorry to be dark, chaps - Monero is going well, but we ride the waves, we don't control them.
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You do know about bulletproofs cutting tx fees by 80% in the next few months, right?
All of the alts are actively working on ways (or already have) to reduce fees and increase scaling. The only crypto that isn't doing anything about it is BTC.
I actually had not thought that bulletproof will decrease the fees also. Will it? But significant is, that it will decrease the transaction size. That is really something. Probably bulletproof will happen at autumn 2018.
Bulletproofs likely to be in the Q1 2018 upgrade. Not only do they reduce transaction size by 80%, but transaction fees as well, AND the whole process is faster. Tx fees going from under a buck to under a quarter is alright, I guess. /s If bulletproofs is Q1 '18 - that would be wonderful... Monero's path will accelerate yet again. I hope you're right. |
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Me too - but there are plenty of people here from 'murica that seem not to have noticed. Maybe they're all for freedom being sold off, I guess enough of 'em voted for....
Ok, never mind. I will keep quiet and just be (very quietly) flabbergasted.
You are not the only one. I was beginning to wonder.... Net neutrality is 'meh'?!!! |
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New ATH on Stamp - maybe they can afford to send me my cash now...
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the business model of the new millennia payment models that rely on the stupidity of the masses I am just surprised that here of all places, no one seems to be concerned about the possibility of corporations effectively restricting what is and isn't 'allowed' on the net if they control it. Some of us are filthy foreigners and don’t live in the United Swamps of America. Me too - but there are plenty of people here from 'murica that seem not to have noticed. Maybe they're all for freedom being sold off, I guess enough of 'em voted for.... Ok, never mind. I will keep quiet and just be (very quietly) flabbergasted. |
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the business model of the new millennia payment models that rely on the stupidity of the masses I am just surprised that here of all places, no one seems to be concerned about the possibility of corporations effectively restricting what is and isn't 'allowed' on the net if they control it. |
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2. They are now getting very slow for withdrawals - over a week now to even confirm (USD) withdrawal - let alone see it in your bank. I don't know about SEPA, as I no longer use this method (see 3 below).
It might be due to the round-about way it has to go for you. I'm getting USD withdrawals to the US confirmed in a day. Are you saying this is on Bitstamp? I get them confirmed on Stamp in an hour, yes - but then the withdrawal being "in process" lasts a week +. I am asking for USD to be sent from my US balance, and given they are not USA-based I don't see how they can be faster for a US customer than a UK one. Can you confirm you are saying Stamp do wire withdrawals (international transfer) for you in a day?! |
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I hope you experienced guys can advise:
Which exchange is best to use to change a LARGE amount of BTC into USD and deposit it into a bank acc in the UK plz.
ie:
It's important to try and keep the whole transaction immune to the volatility of BTC so the the deposited USD amount is as close to the initial amount as possible.
I would have said Bitstamp. BUT: 1. They can ask you to prove where the BTC came from at the point you try to withdraw cash. I managed to satisfy them, but it took time and if they had not been satisfied I suspect they might have refused. Scary while it was held in suspense, which it was. 2. They are now getting very slow for withdrawals - over a week now to even confirm (USD) withdrawal - let alone see it in your bank. I don't know about SEPA, as I no longer use this method (see 3 below). 3. When you sell for USD and they withdraw USD for you, they change it into Euros via a Slovenian bank, then send it as Euros (via SEPA) to your UK bank (as Euros), who will then convert to GBP. This friction is expensive. In the end I found the best thing to do is set up a UK USD account and use 'International wire transfer' to transfer USD. You can then use a Forex broker to give you a good rate for USD to GBP. Not very helpful, but I think very few exchanges are easy right now for UK BTC - Cash. generally I trust Bitstamp - but the slowness is now concerning. Hey kurious, can you elaborate more on the subject of proving where the BTC came from? They could tell a lot of it was direct from Polo (which I guess is easy enough for them to do). I sent some evidence of my trading alts there - more than I would like to have done - but my money was locked in while they 'considered my withdrawal'. I have been registered on Bitstamp since 2012, so I was concerned to be asked, but of course I was suddenly sending BTC in and selling it in fairly large amounts. I am not sure everyone will be treated this way, but I was. I am declaring profits for tax purposes and doing my best to stay legit, too. They were polite at all times (and I made sure I was, too) and I had a couple of small withdrawals first before I tried a larger one, which was the point at which they started to ask. I see, I was thinking about something more on the line such as send me your previous years tax reports so that I can see you declare you have XXXX bitcoins. Or... send me a certificate issued from the exchange your bought it from and another one issued by your bank for each of your transfers to buy those BTC..... What you are saying bassically looks like someone could just "launder" whatever passing it before through another exchange or something like that.... But my concern is... what happens if what I am trying to withdraw is some of the first Bitcoins I bought using localbitcoins? What if they have been in some paper wallets since 2013 and after sitting on a hardware wallet since just before sending it to Bitstamp? Can I ask what was the quantity that passed and/or when it triggered their threshold? Of course, I would understand if you don't feel like sharing that info  In the UK you don't declare assets, only capital gains and /or income. I had no significant sales until early 2017, so no tax work on paper to prove anything like that. I think they are just paying 'lip-service'/ to KYC /AML to be honest. As long as you make some sort of effort to say you're legit and they have your passport and bank details, I don't see how much more information would prove anything. My guess is, they don't want to ask, but feel they have to. I opened up and said 'OK - here is some stuff, what else do you need?' and they basically said 'Ok, that seems ok - carry on' I cannot say how they will deal with everyone, but since they froze withdrawals for me, you should be aware that larger amounts may involve delays and or hassle to get passed. As someone mentioned earlier - don't stick a load of BTC in one exchange and wait until it's sold before finding out they won't send the cash. Will PM you on your last question. |
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I hope you experienced guys can advise:
Which exchange is best to use to change a LARGE amount of BTC into USD and deposit it into a bank acc in the UK plz.
ie:
It's important to try and keep the whole transaction immune to the volatility of BTC so the the deposited USD amount is as close to the initial amount as possible.
I would have said Bitstamp. BUT: 1. They can ask you to prove where the BTC came from at the point you try to withdraw cash. I managed to satisfy them, but it took time and if they had not been satisfied I suspect they might have refused. Scary while it was held in suspense, which it was. 2. They are now getting very slow for withdrawals - over a week now to even confirm (USD) withdrawal - let alone see it in your bank. I don't know about SEPA, as I no longer use this method (see 3 below). 3. When you sell for USD and they withdraw USD for you, they change it into Euros via a Slovenian bank, then send it as Euros (via SEPA) to your UK bank (as Euros), who will then convert to GBP. This friction is expensive. In the end I found the best thing to do is set up a UK USD account and use 'International wire transfer' to transfer USD. You can then use a Forex broker to give you a good rate for USD to GBP. Not very helpful, but I think very few exchanges are easy right now for UK BTC - Cash. generally I trust Bitstamp - but the slowness is now concerning. Hey kurious, can you elaborate more on the subject of proving where the BTC came from? They could tell a lot of it was direct from Polo (which I guess is easy enough for them to do). I sent some evidence of my trading alts there - more than I would like to have done - but my money was locked in while they 'considered my withdrawal'. I have been registered on Bitstamp since 2012, so I was concerned to be asked, but of course I was suddenly sending BTC in and selling it in fairly large amounts. I am not sure everyone will be treated this way, but I was. I am declaring profits for tax purposes and doing my best to stay legit, too. They were polite at all times (and I made sure I was, too) and I had a couple of small withdrawals first before I tried a larger one, which was the point at which they started to ask. |
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I hope you experienced guys can advise:
Which exchange is best to use to change a LARGE amount of BTC into USD and deposit it into a bank acc in the UK plz.
ie:
It's important to try and keep the whole transaction immune to the volatility of BTC so the the deposited USD amount is as close to the initial amount as possible.
I would have said Bitstamp. BUT: 1. They can ask you to prove where the BTC came from at the point you try to withdraw cash. I managed to satisfy them, but it took time and if they had not been satisfied I suspect they might have refused. Scary while it was held in suspense, which it was. 2. They are now getting very slow for withdrawals - over a week now to even confirm (USD) withdrawal - let alone see it in your bank. I don't know about SEPA, as I no longer use this method (see 3 below). 3. When you sell for USD and they withdraw USD for you, they change it into Euros via a Slovenian bank, then send it as Euros (via SEPA) to your UK bank (as Euros), who will then convert to GBP. This friction is expensive. In the end I found the best thing to do is set up a UK USD account and use 'International wire transfer' to transfer USD. You can then use a Forex broker to give you a good rate for USD to GBP. Not very helpful, but I think very few exchanges are easy right now for UK BTC - cash. generally I trust Bitstamp - but the slowness is now concerning. |
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Boom!
Now it's time for Monero to stretch its legs again!
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I give up. Carpal tunnel syndrome is to be my lot, it seems.
I'd better order some wrist splints.
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... because if you really were that successful, you would not need to boast...
i hear that so so often in various situations in life its sickening especially those people who say it are never successfull themselfes what i believe they are doing (just like you) is saying shit like that to relativate others success (even if its only alledged success) to make themselfes feel better i dont know if people really believe in what i quoted from you or not but from my experience there is absolute no positive correlation between being humble and being successfull im even tending to think that there is a negative correlation actually I have realised that I can't be arsed to argue with someone who was so 'successful' that he agreed to leave for a few hundred bucks and then assumes I envy him.
The ignore button is easier.
too bad you only found out about that after you made a fool of yourself
I think you may have misunderstood. Read back (and see obit33 above) I was trying to question why the troll who was paid to leave by TheKoziTwo was back. |
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@kurious I know life might be difficult for you, reading even a bit more. It was a year. You understand what a year is? Sorry for your envy, but, ya, deal with it There will be always people more successful than you are. Ha - you think I am jealous? Not a chance, I don't need to be. Life is excellent thanks. I could just do without pond life like you around. EDIT: I have realised that I can't be arsed to argue with someone who was so 'successful' that he agreed to leave for a few hundred bucks and then assumes I envy him. The ignore button is easier. |
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Are there a list of these brokers? Specifically in the UK?
Try Coinfloor. Their OTC page says it's institutional only but they do private people too. Lots of people seem to have used them. The two biggest are probably Genesis Trading, which is Barry Silbert's operation, and Cumberland Mining. They may well have GBP clients waiting too as it's all case by case. Genesis Trading only do trades above 25 BTC last time I checked. Itbit does a lot of it too. Good to know - I actually signed up for Coinfloor way back, but never used it. Good to know OTC is possible. |
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Shorting monero == financial desaster? Well if you remember correct I shorted XMR after AlphaBay's implementation and the following hype. The Bitcoins I made with that are nowadays worth more than 9 Million dollars. Shorting is good it brings liquidity and attention to a market.
With futures Wall street will be able to short or long Bitcoin. Yes, the futures are their and your language. I guess that is what made Wall street and banksters what they are today. But what you did on this thread so far was just bunch of lies. on any account you were posting with. so whatever you say is irrelevant since you can say anything. Ah cmon we all know that crypto is a shady business full of sockpuppies, scams and fakes. Nowadays more than ever. All that paid china trolls, so what did you expect? I always said it's a game where we can make millions with. There is no fair and transparant play in this crypto world. Even the big media journalists are now into that game and make shitposts every day/week. Take the opportunity or leave it. Most of us are already (super)rich. Yes there are some ppl. who believe in changing the world with crypto. Nice for you. I don't need that footprint. But face it, I never had a sockpuppet account. Realize that there are groups outside who just control parts of the market with financial power that can produce fear by shorting big positions. That's it. Sounds mean but at least I can say that I spent more already more than a million for animal shelters with my gains. Would you do that? No. You hodl  I dont care for people, we are greedy, stupid and easy to control. So it was just an easy opportunity to make more money P.S. you remember like 6 month ago fluffypony announced something big which leads to a huge pump? You really believe that he was not involved in that? Really? Only because he looks like a nerd and is a funny guys doesn't makes him to a holy one. Some people just scam better than others And you should know about scams and fakes. You agreed to leave. A sum of money was paid in good faith - and you have dishonoured that agreement to leave and not post again. You are a liar, a cheat, totally untrustworthy - and actually proud of it. No one wants to hear you boast of the money you made or how great a trader you are, because if you really were that successful, you would not need to boast, or come crawling back here. Get help. You should. Really. |
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Shorting monero == financial desaster? Well if you remember correct I shorted XMR after AlphaBay's implementation and the following hype. The Bitcoins I made with that are nowadays worth more than 9 Million dollars. Shorting is good it brings liquidity and attention to a market.
Didn't TheKoziTwo pay you to leave and never return? No he paid for one year only. You want to prolong it ? You got the post that said a year? I thought it was just 'leave'. |
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