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6361  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 05:25:32 AM
Maybe just go in and talk to the branch manager and find out what they need from you.
6362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 04:39:00 AM
Tera where are we now on that map of yours?
January 25, 2018

Thanks.  So we are “ahead of schedule” then?
6363  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 04:38:16 AM
plus a few incoming transactions from people who send fiat after which I send bitcoin.

This might be your issue.  Starts to sound like a money laundering risk for the bank.
6364  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 04:01:27 AM
Tera where are we now on that map of yours?
6365  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 03:47:48 AM
Tether requires defending a peg.  Some day a whale will decide to short and break the Tether peg.   All over Red Rover.

I saw some commentary on Twitter that said that Tether printing was because the demand for Tether during this bear market was through the roof and they had to print more to hold the price down to US$1.  Otherwise the peg was about to break to the upside.

I interpret that to mean that the best time to blow up Tether to the downside is during a price surge as everyone is dumping their Tether for crypto.
6366  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 03:39:15 AM
Corporates pay corporate tax rates on profits.

Except pass-through corporates that pay personal tax rates on profits.

And partnerships, trusts and more exotic birds.
6367  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 03:29:02 AM
I thought registering as a business would actually prevent taxes until you took out money to spend it.

Corporates pay corporate tax rates on profits.  You might get a credit on your income tax for dividends that have already been taxed at the corporate level depending on where you live.

The important part about corporates is you only pay tax on profits.  Individuals pay tax on revenue and then have to fight for deductions. 
6368  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2018, 12:00:32 AM
Robinhood popping up in other countries.  Looks like they are doing a global push.
6369  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 10:56:52 PM

Quote
I don’t believe that the banks have banned employees from personal trading outside of work hours, despite what the media might have said.
Doesn't have to be official or even legal for it to be real. Who is to say why someone was sacked instead of the guy two cubicles over?

These are major employers in socialist countries with highly skilled knowledge workers who have access to employment tribunals and unfair dismissal laws.   We aren’t taking about teenagers at Dairy Queen in Alabama.
6370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 10:38:46 PM
So my banks just complained. Apparently churning too much money in and out of exchanges has them worried shitless that the taxman will complain. Might have to register as a business to keep trading at the current levels of volume. Not sure I wanna deal with that shit. Especially the part where I have to give up half the profit. Blah.

All your banks at once?
Two of em. One is closing the account (started it specifically to trade bitcoin, which they knew and agreed to - fuckers). The other just told us to knock it off with the big transfers.

Wow, that REALLY sucks. What country are you in? Any ideas on how you are going to work around this shit?


There's a thread with a list of bitcoin hostile (and friendly) banks worldwide.

https://bitcointalk.org/index.php?topic=264679.0

The OP's list has recently been updated, and the last few pages give some useful up to date information. Ibian might find a friendly bank from that thread.
Nothing for Denmark.

Some of our banks have recently banned their employees from buying bitcoin, under the pretense that they are worried they will do something illegal, or lose their money. The poor dears. That's 30k+ people just for one bank mentioned in the headline, in a country of not even 6 million people. Might be time to start thinking of moving elsewhere.

I don’t believe that the banks have banned employees from personal trading outside of work hours, despite what the media might have said.
6371  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 10:25:31 PM
This is clearly a scam - zero commission? Yeah right. I guarantee you that they will front-run your order.



They are only doing BTC and ETH atm. With the size of the average Robinhood account being under $1000, I don’t think front running will do much good.

I don’t use Robinhood but I get the impression they are more reputable than Coinbase. 
6372  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 09:55:09 PM
Robinhood 0% fees crypto trading.  200k people in line. 



quick image upload
6373  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 09:40:35 PM
12 hours later and it looks like the trend line is holding as an upper bound for now.  Question is whether closing of the futures on CME today will trigger a dump or a relief rally.  Volatility seems assured.  For context this is the 6 hour chart on Bitstamp.  It looks much the same at 1 week level or 15 minute level for those who don’t like the choice of scale.


6374  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 07:17:35 PM
SEC Statement - surprisingly supportive of crypto. 

Quote
Distributed ledger technology, or DLT, is the advancement that underpins an array of new financial products, including cryptocurrencies and digital payment services. Many have identified DLT as the next great driver of economic efficiency. Some have even compared it to productivity-driving innovations such as the steam engine and personal computer.

Our task, as market regulators, is to set and enforce rules that foster innovation while promoting market integrity and confidence. In recent months, we have seen a wide range of market participants, including retail investors, seeking to invest in DLT initiatives, including through cryptocurrencies and so-called ICOs—initial coin offerings. Experience tells us that while some market participants may make fortunes, the risks to all investors are high. Caution is merited.

A key issue before market regulators is whether our historic approach to the regulation of currency transactions is appropriate for the cryptocurrency markets. Check-cashing and money-transmission services that operate in the U.S. are primarily state-regulated. Many of the internet-based cryptocurrency trading platforms have registered as payment services and are not subject to direct oversight by the SEC or the CFTC. We would support policy efforts to revisit these frameworks and ensure they are effective and efficient for the digital era.

The CFTC and SEC, along with other federal and state regulators and criminal authorities, will continue to work together to bring transparency and integrity to these markets and, importantly, to deter and prosecute fraud and abuse. These markets are new, evolving and international. As such they require us to be nimble and forward-looking; coordinated with our state, federal and international colleagues; and engaged with important stakeholders, including Congress.

http://www.cftc.gov/PressRoom/PressReleases/pr7680-18
6375  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 08:55:42 AM
I’m gong to run out of merit real fast at this rate. 
6376  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 08:32:50 AM
Let’s not get carried away. 

Bitcoin has 461 contributors.  Cardano has 56. 
6377  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 08:22:00 AM
Good morning everyone.
It appears that btc did a nice +200€ during the night, is that a sign that the FUD is decreasing and the traumatism of the recent 'crash' is almost over for the noob community ?
Or am I too optimistic here ?

Draw your own conclusions.


6378  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 07:09:57 AM
Link to Weiss pdf: http://moonnocoin.com/weissratings-sokuhou/Weiss-Cryptocurrency-Ratings.pdf

IOC gets the same rating as BTC. I have never even heard of IOC.

Edit:  IOC is rank 209 on CMC and is traded on Bittrex only.     Lol.  
6379  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 06:52:06 AM
Bitcoin, with almost a decade track record, proven security model and a 180B market cap gets a C+

Doge, which is, was and always will be a JOKE, abandoned by its creator who just rolls his eyes gets a C

Cardano gets a B AND ALL IT IS IS A WHITE PAPER


that's all I need to know about this farce


I have no way of proving it but I guarantee Cardano paid for that rating. It sticks out like dog balls.

Edit - from the SEC ruling against Weiss:

Quote
Weiss Research maintained internal performance records which noted every trade Weiss Research recommended and the hypothetical profit or loss an investor would have experienced if he or she had followed Weiss Research’s recommendations. Weiss Research did not make these performance records available to subscribers or potential subscribers. These performance records demonstrate that, during the relevant time period, subscribers to most of Weiss Research’s premium services, who followed Weiss Research’s recommendations without deviation, would have lost money. Subscribers to the few profitable services would have realized overall gains that were well below the profits from individual trades represented in Weiss Research’s advertisements.

https://www.sec.gov/litigation/admin/2006/ia-2525.pdf
6380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2018, 06:17:48 AM
B to Cardano and EOS is hilarious.  

 Part of the problem is they have their rating systems confused.    Letter ratings are supposed to be an indication of financial strength or solvency.    Buy and sell recommendations are supposed to be separate from letter ratings.

It would be perfectly rational for Bitcoin to have an A rating and a sell recommendation by looking at the charts. Instead we have this nonsense combined C rating.

They have conflated letter ratings with buy and sell recommendations.   This makes their ratings look silly. And it’s their own damn fault. They should know better.
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