Sorry hijack

I have built an initial position with funds I am happily prepared to lose.  I have waiting for Grin for almost a year and wouldn’t forgive myself if this one got away. 

That said I won’t be buying again above 0.0005 BTC and then only in small bites to dollar cost average down. 

Yeah and it’s probably a bad idea to cross the Darien gap on foot

If they wanted to keep tomato pickers out, they would make it illegal for US farmers to hire illegal immigrants and enforce it.   Problem instantly solved.

I’m not gonna ask why you guys don’t think you can get over your own border

Taproot Is Coming: What It Is, and How It Will Benefit Bitcoin


https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin

HAHA.  That’s why you don’t put a lot in there. Just enough to hold it open without fees.  

Then if shit hits the fan, wire funds and get on a plane, withdraw it at the other end in cash and disappear. It should work as long as you have a 48 hour head start.

Then you are on the other side of the planet, flush with fiat and have your bitcoin as back up. 

You don’t need to show ID to go over the border into Mexico.  At least not last time I did it.

Not Spanish but that’s exactly what I do.  Don’t be my wife and forget your password.  If one bank doesn’t let you, try another.

I did it in 20 minutes.  Just walked into a branch and told them I was moving to the US and buying a house and needed a bank account and could they please give me some information on their mortgage packages.  They have sales targets to meet.

You don’t need much cash in the account - just above the minimum to hold it open.  Think of it as an open escape hatch.

What I really want is a Chinese bank account but haven’t figured out how to get one without a residents permit.

Go overseas for a holiday and while you are there open a bank account.  I have bank accounts around the world.  Offshore debit cards also useful. 

 

First breakout due end of April or earlier.

That’s why we have Bitcoin

We finally have free instant bank transfers.  I can now get fiat out of my bank account into an Bitcoin exchange in less than 30 seconds. It’s pretty impressive. Funny enough they had been talking about it for years and it came out immediately after everyone went nuts for crypto.

They still use cheques in the USA.

In 2008 I had to explain to a 20 something employee what a cheque was and how she needed to take it to the bank to deposit it. She had never seen one in her life.  

To be fair, I haven’t seen one since.  I haven’t even touched cash for a couple years now except for one parking lot on the English seaside which trapped my car.  

With that appropriate introduction, I would like to welcome our new friend.  The 100 month moving average, sitting at the extraordinary value of $1,623. 

ftfy

Sorry didn’t mean to send you on a goose chase !

Current price is ~$4.  Current supply is 709,000 coins.  So current market cap is “now” is $2.8 million.  Which puts it into the 500s rank on CMC.  

Of course it is inflating rapidly with 72,000 coins issued per day.  So if it can hold its current price of $4, by the end of 12 months it would have a market cap of ~$124 million.  Which would put it slightly ahead of Bitcoin Diamond in rank 40...

My preferred metric is to look at the 3 year supply which values it between Maker and ETC.  Which is a top 20 slot.  But that 3 year time line also puts us deep into the next bullmarket so who knows.

So I don’t know where $4B valuation comes from, unless you intend to wait 30 years at the current price.

In the something awful category, WeChat publishes real time deadbeat debtor map on your phone complete with personally identifying information and details of debt owed


https://abc.net.au/news/2019-01-24/new-wechat-app-maps-deadbeat-debtors-in-china/10739016