Number going up...
Number going down...
Guys, you're just reading the noise.
Number has been going up since 3 January 2009.
So very true but its an obsession I have to admit as someone already noted its much more fun to read the WO 1st and then guess the price. then check your favorite exchange and see what the real number is. after all if you know the price before reading the WO its like hearing about the score of the football (ok soccer or whatever ) score before watching the game. sorry for offending the (american) football vs the rest of the worlds football thing crowd. well, not really heh. not really a fan of either. now, hockey.. yeah, it has dedicated fighters whos only purpose is to to take opposing players out.. now thats a game. |
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I would not advise linking your Bitcoins with banks in any way.
a hot wallet with trivial amounts of spending money is ok imo (and will of course be tracked up the wazoo and could get hacked/confiscated). but the bulk of your stash should be in a hardware/paper/airgapped/etc wallet. and in the usa at least what you hold is no ones business as long as you have a cost basis for when you cash out. btw my coinbase account is linked to a bank account. all kyc and aml (or whatever). no issues. but i only xfer what i need to the exchange as needed. #DYOR of course |
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Regardless of Kraken's limits I don't think that your bank would be entirely happy to receive millions if your usual account size, is, say 10K or less.
Call them at least before ! Then depending on the bank they might close your account, or invite you to try this 50 old liquor with a cigar... i didnt notify mine. and while it wasnt millions (i wish) it was an amount that, well, they certainly didnt mind. all they did when i transferred x amount was try to get me to use their banks investment adviser in addition to my own. i did tell them what bitcoin was and let them know coinbase was a regulated usa exchange etc (this afterward when i showed up in person) although im sure they checked that beforehand. i had linked that bank account with coinbase back in 2013 or thereabouts so they already knew about it for sure. |
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as you said they WILL at some point want to know where that comes from. and ive cashed out amounts already that raised some pretty big flags over the years ($10,000 USD is a trigger for a flag so i try to do at least 10k withdraws when i do pull corn out to fiat). might as well flaunt it. dont want to be accused of structuring (if thats the term) to try to hide from red flags. not a peep from the irs or the bank.
Aside from red flags, don't you have to declare these withdrawals as some kind of income/capital gains ? yup. i use bitcoin.tax to keep track of everything (mining/buys/sells). does a lot automatically based on imported exchange data, mining addys and then some manual inputs for merchant stuff. prints all the forms i need (plus .csv files) and i just hand it to my accountant. it figures the cost basis of mined coins (income) based on payout addys as it knows the time the payouts happen. capitol gains etc are based on that stuff (bought coins/mined coins) and when i sell. not endorsing that particular platform its just what ive been using for years. |
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I’m fully KYC with unlimited fiat withdrawals on Kraken & Stamp, I have a big daily withdrawal acceptance on Coinbase Pro & something smaller like €200,000 per year on Localbitcoins.
I’ve linked 3 fiat bank acc’s to Kraken too.
Boys, you need to be prepared for next year, HairyMaclairy told me to be a boy scout in prep for the next bull run & I definitely have been. You do not want to get caught slipping when peak bull comes & the mempool is jammed to hell & exchanges are so busy.
Do what needs to be done, mini trial sells etc now. Get fully KYC’d on as many trusted exchanges as poss & link more than one bank account incase they block your account temporarily & ask you to explain source of funds when you dump multi millions in there.
This in interesting. Are you ready to be visited by HM Revenues? They will ask you, in the best case, a large chunk of your Bitcoin gains, or worse, ask stupid things like AML questions... Do you know how they will tax your signature coins? What is their buying price? as an early miner i signed messages for most of my mining pool payout addys which are the bulk of my stack. those coins havent moved aside from sells and claiming bcash_lol/bsv and being moved to new wallets - my wallets, not exchange wallets - every so often. i printed those signed addys out and have them in safe deposit boxes etc for just such a reason (as well as .csv/screenshots on my computer and have backups etc). ive also listed buys and sells, including merchant payments (newegg, PMs etc) on my taxes over the years. i also have receipts for all my mining related gears and pics of my cards, fpgas, asics and the mining rigs from back in the day. as you said they WILL at some point want to know where that comes from. and ive cashed out amounts already that raised some pretty big flags over the years ($10,000 USD is a trigger for a flag so i try to do at least 10k withdraws when i do pull corn out to fiat). might as well flaunt it. dont want to be accused of structuring (if thats the term) to try to hide from red flags. not a peep from the irs or the bank. again, as you say, be prepared to prove where your stack came from. btw my main bank account for selling coins has no problem with coinbase and the amounts ive sold. |
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I have RX580 4GB, whith on borad graphic i got only 21 mh/s using claymore, now with PhoenixMiner I got 30 mh/s.
is there any whay to use claymore straps and rx boost on PhoenixMiner to get 32mh/s ^^.
I seriously doubt that. I have the 8gb version and I can barely manage 29mh/s. By the way... don't you think you should be asking on the PheonixMiner thread? after using ONE CLICK TIMING PATCH of PolarisBiosEditor I got this result:  @IORILORI.. you cant post images yet due to your rank. |
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Have you guys been consulting with Torque?
Numbers are hardly as BIG of a thing as you are making them out to be.
Even though they are.
only because some traders seem use round numbers to place their orders doesn't mean "we" are making them big. there sure are some big walls at the obvious points. so i too set weirdish amounts on my ladders. |
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They could be good at whatever social engineering they used to get those emails and passwords but since Bitcoin is known as the money of the deep web and that currency that terrorists were using it was the obvious choice for these kids. They had no idea how to spend coins anonymously and the greatest proof to that is in the way they exchanged Bitcoins using Coinbase. I'm pretty sure they'll strike a deal and trade those coins for short jail time. If they don't they're dumb.
that $120k (now $150k?) worth of coin? i doubt the prosecutors even care about that, its chump change to the feds (well imo). these guys will be made an example of. |
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seems only that some twitter employees are just stupid instead. Apparently he got access to a Twitter employee Slack channel, which had login details for one of their tech support tools pinned to it. The digital equivalent of writing your username and password on a post-it and sticking it to your monitor. thanks for the links. good reads. i cant tell you how many offices ive been to where login/passwords were posted in the plain sight of customers/clients/patients. tell management, later see nothings changed. maybe moved the post it note to the plant next to a monitor instead of the monitor itself. or etc. even as simple a thing in view such as an internal phone list (usually has names/positions/direct numbers) is a hackers ticket to ride via social engineering. *sigh* |
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Turns out they actually sent coins directly to Coinbase. Not only that, but they sent to Coinbase accounts which were fully verified with copies of their own IDs [...]
wasnt that florida kid 17? i thought coinbase minimum age was 18. or was it just the other 2 that were arrested had coinbase accounts. gotta read up on it a bit more. peeps saying this 17 yo dude was some hacker genius. seems only that some twitter employees are just stupid instead. but then so was that kid.. didnt he (or maybe it was one of the others) reuse addresses or something? very noob, much fail. |
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the roller coaster
is back in service again
please enjoy the ride
#haiku
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Big volume on GDAX,
Never heard of it. Do they trade bitcoin there? only when the 3 letter agencies let them. |
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That case could and would allow for a crazy jump in price. I better hodl till 2021 no matter what.  There are a lot of scenarios in which there could be a crazy jump in BTC price, so good thing that you are HODLing rather than acting upon your seemingly weak assessment of how wealth redistribution is likely to play out in the coming years. at bitserve see how many hold 1000. if it is smaller by far maybe the crazy number happens.
In the past, there have been various threads on the topic of coin/wealth distribution, and I did a quick perusal through my BTCTalk thread watchlist, and I found the below ones that might be kind of on such topic. The below-linked threads have not been updated recently, so there might be some better or more recent ones, too. 1) Distribution of bitcoin wealth by owner2) I am pretty confident we are the new wealthy elite, gentlemen.3) Who are the richest Bitcoin users and how much do they own?4) Do you think Institutions secretly HODL Bitcoin?[edited out]
This is so fun I read it 3 times. I have NO IDEA what you are talking about though. yeah glad im not the only one.. i read it several times too with glazed eyes. but i wouldnt be so quick to dismiss philip as he called the 2017 blow off top pretty accurately iirc. but i too wonder why billionaires would worry about new guys entering the club. after all as long as they still have 99% of the people who are still poor to step on i wouldnt think they would really care. old money peeps are snobs anyway, new peeps to the billionaire club are looked on as (relative) peons by them. or perhaps im still misunderstanding lol |
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When I studied physics, I did not encounter those special snowflakes. They were all tucked away in the non science buildings like the "special" kid in class that they put in a corner with fingerpaints so he would not bother everyone else....
back in my day the snowflakes were called the "short bus" kids. |
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between the 15-18 danger zone.
why the late start? |
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looks like he will be tried as an adult as florida allows that in this case. so even if hes a minor he is in pretty deep doodoo. |
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isnt that part of what we signed up for? [...] Fair enough... you party poop.I was largely just emoticating for funzies... and for exaggeration purposes. I mean if you look at the contents of my earlier post. I was saying that based on recent BTC price rises, I had pre-ordered hookers, lambos and blow, but then after reading OutOfMemory's negative nancy price prediction post, I had to go through the efforts of cancelling my seemingly premature pre-orders. Could anyone really take those kinds of representations seriously, except maybe metaphorically?  i knew you were exaggerating, i answered in a general way more for some of the new peeps here. and admit it.. youre hooked on the rollarcoaster like the rest of us. my crack habit was easy to kick. this? NEVER |
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Sqrl and mwdataco: a bad buisness . I have invested my money in one fk33 hosted. They ask 30,50$ to month and they havn' t algos to mine. From a year they talk of mining eth but is constantly fake. You lose your money and you waste the time.
To be fair Mwdataco is just the host, and the cost was outlined, I originally signed up with Mwdataco and later on had my fk33 shipped out as they aren't the quickest at getting new bitstreams live from third party devs. As far as an Ethereum bitstream is concerned, it's very real, no reason to call scam, it just isn't ready for public release. There are a handful of users testing the bitstream now but it really isn't ready for public release yet. is there any sort of timeframe on release. a realistic estimate i mean. havent been to discord in ages, pretty much gave up on any eth bitstream. |
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I am a simple man with absolutely no need for "Lambos",cannot afford the years taken off my life due to any drug habits, and don't want hookers.
I would like a home in the mountains, and possibly a place by the sea... perhaps I will try to combine those two things and move to the up country in Maui. Then I just need enough to pay the bills.
I suppose that sounds boring.
sounds like a good plan to me. |
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Oh dear - whatever next?
I'm waiting for someone to discover a covid infected Bitcoin.
i soak all my bitcoins in bleach so its all good. |
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