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How do they define "large" ? Maybe 500k PHP is large? I've regularly deposited and withdrawn 1m to 2m to even 4m. They've never asked me for any documents. Anyway, coins.ph, if that's what you use, has a 400k daily limit, so you just need to do that for a few days to get enough to buy a condo.
And, I'm almost sure, you can somehow find a way to get some sort of loan or mortgage for a condo.
They didn't define the size of it, but I was intending to withdraw directly from bitstamp and that would make it obvious the source of the funds. As for coins yes I have a level 3 verified account with a 400k daily limit but as yet I do not have a bank account. What the bank told me is that I normally need to have a savings account for 6 months before I can get a checking account but they were willing to waive that requirement because I had an endorsement letter from the property developer. Unfortunately it seems to get rejected once the application gets passed on to the branch manager for approval (I tried BDO and BPI so far). |
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I think they are just having growing pains, they were the perfect exchange until a load of people started shifting to bittrex from poloniex after they had similar issues.
I have yet to have any problems depositing or withdrawing sums up to 10 BTC at a time there.
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Thanks for all the advice, I considered lying to the bank about my source of income but they told me they would require documentation about the source of funds for any large deposits/transfers and I would need to transfer several millions if I buy a condo here. I'm also scared of having my account frozen if i lie on the application and they feel my usage is suspicious.
I never tried security bank as some have suggested but I got a positive response from HSBC who are reviewing my application and may or may not reject me. If they reject me I will probably try security bank next. I already got rejected at the larger banks
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So I'm a foreigner living in the Philippines and have been funding my stay using coins.ph, but I wanted to open a bank account in order to invest in condos but the banks have been rejecting my account applications on the grounds that my source of income is bitcoin.
Any suggestions? Any bitcoin friendly banks here?
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Yep, Bitcoin is not the only one on the run, take a look at IOTA...WOW
Yes, Microsoft, Cisco etc are dumping funds into IOTA. Bill gates personally putting money into IOTA.. So Raising kid is IOTA now. Soon as a BTC ... hmm Big names doesn't mean it will succeed, but for sure it has driven the speculative price up a lot. |
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Hi,
I'm new to the forum and have been looking over several possible ways to maximise my earnings from Bitcoin on a daily/weekly basis as a secondary income
During the recent growth, my Coinbase account shows me the daily, weekly, monthly growth in £/$ & %
All my investment is currently in Bitcoin, but in theory if each day my investment grows by 5% for example, is it wise to withdraw that percentage to use as an 'income'. My fear of this is that although my original investment will remain untouched I will be selling a portion of the bitcoin and the more times I do this I will be left with 0.00000 BTC
I have thought of so many pros and cons to the above that I thought id ask
Any thoughts or advice would be appreciated
I would suggest cashing out a portion of the increase in value and letting some of it ride for higher gains in the future, that way you will eventually end up with more money out than you originally put in. |
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The best way to go about it is to make yourself a goal from the start and once you reach it then you can start cashing out. Holding on to bitcoin forever guarantees you won't reach the peak and you could end up worse than when you started depending on how the market performs and whether there are big crashes.
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Bitcoin is already regulated on the exchange level making it a bit more challenging to launder money than if it were completely unregulated, however there is little authorities can do with smaller sums the same as with cash.
It is however inevitable that they will regulate it on an individual basis soon to avoid too much tax evasion, I think however that will also be done through exchanges rather than up to the individual because its simply too hard to watch over the entire population.
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Keep in mind the ChronoPower of each timemint halves every 88 days, but you can sell your DAY tokens without the TimeMint if you wish to do so.
What will happen in 2 years then? The ChronoPower will halve 8 times, but still generate some small amount of tokens (will go from ~0.5% to 0.00195%)? That is what TimeMint was designed . So basically the longer TimeMints operate the lesser it yield DAY token. So better strategy is to buy more at the exchange as early as possibly to send the DAY tokens for minting before it half . I joined the ICO and got a timemint right ? But I still need to buy daytokens to send to my timemint so they'll generate more timemints ? Your Timemint will generate more DAY tokens. Also, my understanding is that you will receive (with your Timemint) 24 DAY tokens per Eth you paid for yout Timemint. Yes beauty of this ICO we get DAY and TimeMint both. Its great!!! |
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Tak til alle, der har bidraget. Muligheden for bidrag er nu officielt slut. Vi undskylder, hvis du ikke har haft mulighed for at sikre dig en TimeMint. Forsøg ikke at bidrage nu, da alle TimeMints er solgte. Vi accepterer ikke længere nye bidragsydere. Tak igen for den massive støtte.
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I hope there will be a good Scandinavian community of investors as there is now a Danish translation of the ANN thread here: https://bitcointalk.org/index.php?topic=2083963.0If there are any Scandinavians taking part in this ICO lets have a discussion about it there. |
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Tid er menneskets mest værdifulde ”aktiv”.
Alligevel betragter de fleste en persons formue som de ressourcer, denne har været i stand til at akkumulere,
og ignorerer tit den tid, der er brugt på at opnå disse flygtige ressourcer.
Vi vil gerne være med til at ændre dette. Hvad er dette? Chronologic anvender proof-of time. I sin første use-case knytter ChronoLogic begrebet tid til en store of value token, der hedder DAY, og som er baseret på Ethereum blockchain.
ICO detaljer
ICO finder sted 28. August og varer maksimalt 7 dage.
ICOen stopper, når ét af følgende 2 mål nås. Når der er investeret 38.383 ETH, eller når 3.194 forskellige deltagere har investeret.
Der er yderligere reserveret 33 TimeMints til præ-ICO salg, 18 TimeMints til holdet og 88 TimeMints til fremtidige auktioner. Detaljerne omkring disse TimeMints findes i hvidbogen.
 Hvordan virker det?
Hver ICO-deltager skal investere mellem 1 og 333 ETH, og deres Ethereum adresse vil blive én af 3.333 TimeMints.
Hvor 1 ETH = 24 DAY og med et maksimum på 333 ETH per TimeMint.
Hver TimeMint skaber DAY tokens baseret på tid og TimeMintens ChronoPower.
ICO deltagere vil have en fordel ved at have en TimeMint knyttet til både deres investeringsadresse og de DAY tokens, de køber. Begge kan handles.
Da Proof-ofTime konceptet virker baseret på en ethereum smart contract, vil møntskabelsen virke automatisk baseret på din adresse og den tid, der er forløbet.
For at begrænse det totale udbud af DAY i fremtiden, vil hver TimeMint’s ChronoPower halveres hver 88ende dag.
Hvad er ChronoPower?
ChronoPower er den møntskabende proces for en bestemt TimeMint.
Hver af de 3.333 TimeMints har forskellig ChronoPower, der varierer mellem 0,5% og 1% yderligere tokens, der skabes hver dag.
Hvis jeg ønsker at handle min TimeMint?
TimeMint ejere kan sælge deres TimeMint til en køber.
ChronoLogic har en proces, der hedder TimeTx, som tillader salg/overførsel af TimeMints til en køber/modtager via en trustless smart contract proces.
Se vores hvidbog for alle detaljer omkring denne proces. 
Hvad er de virkelige muligheder for brug af en Proof-of-Time blockchain?
Der er mange anvendelsesmuligheder. Her er et par eksempler fra hvidbogen:
Finansiel brug
Indenfor finansverdenen er mange værdipapirer tidsafhængig. Et lånedokument af 5 års varighed, der årligt betaler 12%, er i virkeligheden en smart contract, der kan baseres på den fremtidige Proof-of-Time Blockchain.
Et selskab udsteder en Proof-of-Time token for at hjælpe med betale deres kryptogæld via udstedelsen af en smart contract.
Når en investor sender DAY til denne specifikke modtageradresse, modtager han til gengæld selskabets token COM. Investor A sender 200 DAY og modtager 1.000 COM.
ChronoLogics Proof-of-Time teknologi identificerer automatisk afsenderadressen som en TimeMint, og yderligere COM tokens produceres, efterhånden som rente tilskrives.
For at tilbagebetale gælden må selskabet returnere det respektive antal DAY, der blev lånt plus den rente, der er tilskrevet.
Rentebetaling kan også ske automatisk ved at modtageradressen automatisk, via deres egen DAY beholdning, sender de respektive rentebetalinger til alle adresser, der indeholder COM.
På grund af sammenkædningen af blockchainen kan investorer handle COM imellem sig, og tilbagebetaling sker så via netværket afhængig af, hvem der ejer COM.
Brug indenfor transport
Når man stiger på et tog, afleverer man sin adresse. Hvis toget er forsinket, aktiveres smart contracten.
Når toget er forsinket, modtager kunden selskabets Proof-of-Time token for hvert 1 eller 10 minutter, toget er forsinket.
Denne token kan så indløses senere mod kontanter eller bruges til at købe yderligere billetter fra selskabet afhængig af selskabets politik, som er indeholdt i deres smart contract.
Hvad er vore mål?
Vi, ChronoLogic, ønsker at opbygge en platform via det fremtidige Proof-of-Time concept, hvorpå yderligere Proof-of-Time tokens & projekter vil blive startet. Det kan betragtes som vores vigtigste drivkraft nu.
ChronoLogics 2017 mål:
• At udvikle en Proof-of-Time mekanisme for den finansielle sektor.
• At betateste implementeringen af en finansiel Proof-of-Time anvendelse sammen med ChronoLogics crypto private equity partner Wired Investors.
• At udvikle en auktionsfunktionalitet til brug for en decentral børs for DAY tokens & DAY TimeMints.
• At udvikle en endelig plan for den fremtidige Proof-of-Time Chronos Platform.
• At deltage i støtte og implementering af 6 Proof-of-Time blockchain projekter.
ChronoLogics 2018 mål:
• At igangsætte den finansielle Proof-of-Time anvendelse til almindelig offentlig brug.
• Sammen med andre partnere at betateste yderligere anvendelsesområder for Proof-of-Time.
• At udvikle den åbne Proof-of-Time Chronos platform for at muliggøre brug af Proof-of-Time tokens for tredieparter.
• At deltage i, støtte og implementere 18 Proof-of-Time blockchain projekter.
Vores Hold Yderligere oplysninger om ChronoLogic fås ved at besøge vores hjemmeside og se vores hvidbog. |
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There is only bitcoin and bitcoin cash, everything else is just ideas that are being proposed and bitcoin works on consensus which is exactly Satoshi Nakamkoto's idea.
Anyway what is important is not to preserve a bitcoin in Satoshi's image, it is to make a bitcoin that works for us otherwise we are just centralizing on his ideas rather than using what works.
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Bitcoin price seems to be surging , investors seem to think that the price will surge to $4000 , In the US there seems to be negativity towards bitcoin on the securities and Exchange commission , what would create this surge ?
If until the end of this year seems not yet able to penetrate the price of 4K $, still around 3.5K $ price, but it all depends on the market sometimes the forecast down but the market says go up what else, we just follow the market i am very confident that at the end of this year bitcoin price will even cross 5000$, i think people were waiting for 1st August and now i am sure that bitcoin price will cover 5000$ very easily, because 1st August has gone and we are expecting that it will do not have any worst effect on the price of bitcoin. I would be happy with $4000 as already suggested by this thread but if it passes $5000 already this year I will be celebrating like there's no tomorrow. The only potential problem I see preventing this is probably the 2mb hardfork due in a few months. |
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Well BTC stayed relatively stable while BCH has pumped thus far, the combined value is above $3500 now. Many people expected BTC price to drop after the coins were paid out but the only thing that happened was the general alt market pumped, I guess because no one sold for fiat and only traded their BTC for altcoins.
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I need technical people help me with this. Since the initiation of the fork, the price of BCC keeps increasing and now it is nearly half of BTC. Is there a possibility of BCC getting to the price of BTC and become stable at that price or it will drop after it gets higher. I am really fascinated by the way the price is increasing and I don't want to be late  It's just my opinion but no I don't think BCC has any chance of reaching the price of BTC. Mainly you cannot transfer BCC into exchanges so the supply is limited while the demand remains unchanged. Once confirmations speed up and exchanges accept deposits it's likely the price will crash more from its current price (which is already close to half its max price on bittrex). |
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The Bitcoin Cash network is still too new and confirmations too unreliable, I bet it will take up to a week before they can be freely traded between exchanges.
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I'm so glad I no longer use poloniex, all these problems are completely absent from bittrex. Seriously how long is it going to be before enough people abandon poloniex that it is no longer relevant.
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bathrobehero,
Legendary, could you please explain what this means for the average user like me
can I still send BCH to an exchange to sell for BTC or is it over already? ty
You will be able to sell once the network starts moving. As the difficulty will decrease in the adjucted blocks, eventually blocks will be found at the same rate as Bitcoin (even if not many people would mine it) so exchanges will accept deposits and withdrawals. Once the difficulty adjusts you will be able to send but I think exchanges will always require an extremely high number of confirmations due to the low hash rate making any major bitcoin mining pool able to perform a 51% attack if they wanted to. |
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