I hear from some people that when selling a large amount of Bitcoin and having that money hit their UK bank account, the bank has froze their money or notified them they will close their account.
Other people say they had no issues and no one has said anything.
Have you have any problems and more importantly who gave you the best rates and was the least hassle to deal with.
The banks have algorithms that get triggered when unusual amounts go through a person's account. Withdraw your money in small amounts (under £500 a time), vary the amounts, and withdraw to several different banks. And pay tax on your money. |
|
|
|
Shoppers using cryptocurrencies like bitcoin and ethereum were hit after Visa locked down some pre-paid cards by blocking a single provider. BitPay, Cryptopsy, and Bitwala have all had their cards suspended as of 5 January, meaning they cannot be used to pay for goods on the high street. Visa said in a statement: “We can confirm that WaveCrest’s Visa membership is being terminated due to non-compliance with our operating rules. All WaveCrest-issued Visa card programmes will be closed as a result. “The termination of WaveCrest’s Visa membership does not affect other Visa issuers’ card programmes, including those using fiat funds converted from cryptocurrency. [1]
Source http://www.independent.co.uk/news/uk/home-news/bitcoin-visa-cards-cryptocurrency-lock-prepaid-latest-a8144706.html
1. Are you using Bitcoin pre-paid cards? 2. Do you think Visa locks will effect bitcoin? Well it's time for Bitpay and others to create a way to use cryptocurrency without touching the Visa network. Hopefully this should spur innovation. |
|
|
|
I think it will stay above 10k because there is still strong support.
But I also think we are having a very hard time to go above 13k (or even 14k) because once that point is reached, it seems everyone is selling again.
So I think we will stay in the corridor of 11-13k (maybe 10-14k) for a long time.
Agree with this. There are lots of hedge fund buyers sitting just below $10,000 and they're keen to doversify in case the stock market falls back (the bull run in stocks is getting old and must come to an end). |
|
|
|
|
I really doubt the US shutdown has anything to do with bitcoin's rise.
What people misunderstand about the United States is how decentralised it is. The states and the city govts are functioning as normal. And essential stuff that the federal govt does such as Medicare and Social Security is being paid for as normal.
All the shutdown affects is things like parks and museums, and the passport offices and stuff like that. It's hardly enough to affect the economy (especially as the IRA is collecting taxes as normal).
In 2013 the federal govt was shutdown for 2 weeks but the economy barely missed a beat.
|
|
|
|
|
Kraken allows you to depost euros via SEPA.
You can then trade BTC/EUR, LTC/EUR, ETH/EUR, BCH/EUR, DASH/EUR, XMR/EUR, XRP/EUR and ETC/EUR.
They have a few more alts that trade against bitcoin.
|
|
|
|
http://uk.businessinsider.com/bitcoin-price-wall-street-volatility-index-correlation-deutsche-bank-2018-1There's a growing relationship between the price of bitcoin and the VIX, the volatility index colloquially known as Wall Street's "Fear Index," according to analysts at Deutsche Bank.
Writing in a note circulated to clients on Friday, Deutsche Bank global financial strategist Masao Muraki, alongside his colleagues Hiroshi Torii and Tao Xu, said that in the three weeks of 2018 so far "correlation between Bitcoin and VIX has increased dramatically."
Right now, market volatility is close to record lows, as measured by the CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility. Simply put, markets are pretty dull, with little to no major fluctuations going on. Stocks simply keep rising.
That, in turn, is leading investors to look for more and more risky ways of making money, which Deutsche Bank believes is part of the reason for the huge rise seen in the cryptocurrency markets in recent months.
"The current 'triple-low environment' of low interest rates, low spreads, and low volatility has given birth to new asset classes like implied volatility (ETFs selling volatility), and cryptocurrencies," the reports authors write.
But where does the correlation between volatility and bitcoin come in? Here's the explanation from Muraki, Torii, and Xu (emphasis ours):
"Cryptocurrencies are closely watched by retail investors, affecting their risk preferences for stocks and other risk assets. Although institutional investors recognize that stocks and other asset valuations may have entered bubble territory (US equities’ average P/E is around 20x), they cannot help but continue their risk-taking. Now, a growing number of institutional investors are watching cryptocurrencies as the frontier of risk-taking to evaluate the sustainability of asset prices.
"The result is that institutional investors, who are supposed to value assets using their sophisticated financial literacy, analysis, and information-gathering strengths, are actually seeking feedback about the market from cryptocurrency prices (which are mainly formed by retail investors)."
Basically, Muraki argues, as volatility in traditional assets drops, the price of bitcoin and other reasonably mainstream cryptocurrencies rises, as investors look for a way to make money. Here's the chart from Deutsche Bank showing just that: 
|
|
|
|
https://cointelegraph.com/news/bitcoin-laundering-less-than-one-percent-of-all-transactionsA recent report from the joint Bitcoin analysis team of FDD and Ellicit, a Bitcoin forensics company, indicates that less than one percent of all Bitcoin transactions involve money laundering.
The report, written to help analyze the flow of funds and the danger of money laundering, has indicated that money laundering isn’t nearly the problem some critics of cryptocurrency believe. The report states:
“The amount of observed Bitcoin laundering [is] small and darknet marketplaces such as Silk Road and, later, AlphaBay are [generally] the source of almost all of the illicit Bitcoins laundered through conversion services.”
The report also indicates that the vast majority of illicit transactions using Bitcoin were processed in Europe, receiving more than five times as many illicit transactions as North America.
|
|
|
|
Nearly every coin dropped last hour, any reason?
Coins are only down by a few percent - it's nothing more than profit taking. Stuff can't go up forever, and paper profits mean nothing enless you sell and make the profit real. |
|
|
|
It all depends on whether bitcoin can solve it's scaling problems and clear the mempool. The good news is that segwit use has jumped from 10% in December to 19% now. See https://twitter.com/verretor/status/954914110327676928And lo and behold the mempool is clearing. I'd advise people to wait till it has entirely cleared before they do their transactions, and they should be able to send with low fees. |
|
|
|
|
The "crash" has already happened - this was the rapid drop from $19,400 to $9,000.
Bitcoin seems to be range trading between $10,000 and $13,000 (it's had a few attempts to break $13,000 but pulled back).
I think it will stay where it is for a few weeks, and if it does break $13,000 it will range trade between $13,000 and $15,000. There won't be any fast spikes baqck up to $20,000, the market is exhausted.
|
|
|
|
I doubt it. He disappeared for a reason, and if the massive popularity and price increase didn't urge him to come out, I don't think anything will.
I heard that there was a deal not to sell those early coins till 2020. So around then, if the coins start to move, we might find out who Satoshi is. |
|
|
|
I mean the total cap of all crypto. Of course no one can know for sure, but it would be interesting to hear any ideas. Btw the global stock market is worth about 80 trillion
The market cap of Apple hit $900 bn last November - crypto can at least be double that, if not more. |
|
|
|
France and Germany want to regulate Bitcoin and will make a joint proposal on this issue at the G20 summit of the world's 20 largest and emerging economies in March.
What are Bitcoin and the money market going to be like?
The other G20 countries may not agree with them. Remember that Japan has regulated and legalised bitcoin, and Switzerland, after a successful pilot in Zug, looks like it is going to legalise it completely too. If France and Germany want to stay in a crypto backwater, let them. |
|
|
|
Anyone else experiencing these issues with these, or any other exchanges ??
Kraken used to be absolutely horrible, you kept getting a 520 error and you kept having to enter trades over and over and hope you didn't get the dreaded red line showing an error. But they upgraded their engine last week and it now works smoothly even at times of high volume. I expect most exchanges are experiencing growing pains, none would have planned for users to have increased so much. |
|
|
|
I'm gonna be honest with you all , i have been trading/investing since 2017.
I earned about 110.000 by trading and basically lost it all, i decided to sell the rest and just quit. I'm gonna explain why, this cryptocurrency market
is very manipulative and can easily be controlled and it will never stop. The icos/alts will always keep sucking all the btc cash so it will always be hard for btc to grow and
dominate.
I'm guessing from your comments that you lost it all by piling into get-rich-quick ICO's? The key to trading is assessing risk. It's fine to take a punt on an ICO, but you should put only small amounts in, that you can afford to lose. You don't put everything in and bet it all on the moon. |
|
|
|
|
I think what people are missing is that most of the crash has already happened - in other words the move from $19,000 to $9,000.
Bitcoin is now range trading between $10,000 and $13,000 and will continue like that for some weeks unless there is some big negative news to upset the markets.
|
|
|
|
|
Where are you getting this statistic from? Most of the world has access to either internet cafes or mobile phones even if they don't own a computer themselves. And access to the net and computers is growing by the day.
|
|
|
|
The worst psychological reactions traders make: - Panic: Simply the worst reaction, and it happens when the markets dump (like these days! lol).  - Impatience: They buy coin X and they sell when it's in 10% profit, only to watch it go a lot higher!  - Urgency: When they lose money they get angry and want to avenge the market and recover fast, only to find out it makes them lose more and probably go rekt!  - Nonpersistence: Losses happen. When you fall down, just stand up and fight again, until you win. I've made all of these mistakes. I hope you don't make a lot of them... The real problem is that people don't practice risk management. If you are All In on a coin, then it's easy to feel panic when the market goes against you. If you have practiced proper risk management and risked only 10% of your stash on a trade, it's easier to be cool and wait for the trade to pan out. You make money slower this way, but you make consistent profits and don't get wiped out. |
|
|
|
|
Show Posts
