Lloyd’s completely shut my account down and wouldn’t give me an explanation even though it was obviously bitcoin related as I was cashing out at the time.
Santander are friendlier but I would definitely recommend getting a personal banker to explain what you are doing to. This will stop issues and questions later.
I've put £10 through Lloyds to Coinbase. Those bitches didn't make a squeak. From plenty of reading I get the impression Nationwide are the mellowest but their intermediary bank won't let them send or receive with any EU exchange.
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it is not that big a number if you think about it in comparison to number of people who want to have a share in it. we only have 17.7 million of it in circulation and the world population is 7.7 billion. even if only 1% of the world bought bitcoin that is 77 million investors each only getting 0.22BTC with current supply!
i'd say even with 1% adoption $100k price is still too low.
Not the figure itself, the confidence that it's all but in the bag this time around already. I'm sure if it stays alive and steadily appeals that price will arrive some day. I'm far less sure it's within a year or two. Like I said my prediction is either flabbergastingly above it or disappointingly below for the next bull cycle.
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Never in my life did I expect a 20 grand peak last time.
100 grand is now seemingly the most commonly quoted figure across this forum which is pretty bonkers when you think about it.
That says to me it'll either far exceed that or never get anywhere near it. BTC favours the battiest or most brutal option.
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^This.
For GBP you can also use Coinfloor. Not quite the liquidity of Coinbase, but decent support and no problems cashing out. I've used both and localbitcoins over the years.
I've not read good things about Coinfloor. They also don't seem professional in the slightest. Some of their policy changes have been so extreme customers thought it was an April fool until they confirmed it. I wouldn't want to touch them either. I can stand on my own two stumps and point to every penny.
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Yep. Looks like NEM is on verge of total crash. People selling it month after month, so it is pretty much game over. On Polo there’s like 25 BTC in buy orders and like 1300 in sell orders.
It's 25 BTC vs 184 BTC. And Poloniex is not very relevant any more. Still, not sexy but many others are not sexy either. Stellar's order book is 32/374
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10,000 Euros gone. That's the latest one to be put to bed. I think a lot of people always miss that particular barrier.
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BTW, what are your cashing out plans? Which exchanges are you planning to use or just go OTC way? I guess I'll just split the amount I'm planning to cash out into 4-5 chunks and withdraw from several well-known exchanges simultaneously. I'm pretty sure some transactions will freeze due to some verification or bank issues so I'm trying to avoid putting all eggs into one basket. What are max amounts safe to withdraw via a single exchange/bank? I'm not selling a single satoshi until 100k but need to get ready (upload verification documents etc). Not sure. I'm leaning towards no exchanges whatsoever. Who knows how much more uptight they'll be in future? No exchange will tell you what triggers their paranoia and if they're not going to tell me that why would I risk using them? I'd much rather it was the route suggested by Mr. Augustus where you could directly pay for big ticket items. If I felt the need for a house I might sound out somewhere about that first before thinking about having to sell anything. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.
All in different countries so not super relevant.
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inb4 someone mentions bisq gentlemand have you seen warnings about bisq dotted about? that it's possible to scam people with fake bank credentials or something like that?
I really can't see myself ever using it so I've not really paid it any attention. If the whole world was on it I might look into it but it's an eternal case of 'you go first'.
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That was my first thinking but I wouldn’t even know where to start. I’m nowhere near selling anything now but I really want to be prepared this time.
I sold my BCH in late 2017. That was quite a lot of money but I transferred it into bitcoin & sold it to a few people on LBC. I don’t think I want to be selling hundreds of thousands of pounds worth on LB in this cycle.
https://genesistrading.comhttps://www.b2c2.comhttps://cumberland.iohttps://www.circle.com/en-gb/tradeBut it's really, really hard to get people to talk about their experiences with the above places. Don't get why it's so obscure. I think LBC would still be a very good option as long as you stick with the biggest traders. I've read of others on r/bitcoinuk who sold 500 grand and more to one person in one go. It would be more sensible to break the sales up but it's likely whichever bank they go to will have kittens.
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Also, the card is still on and off in the app, exchange fails 9 times out of 10, deposits to the card 8 out 10...nothing like this happened in the first month I've got it. Maybe their system, as well as customer support, have failed to keep pace with the number of users.
I've never had an exchange fail myself. If it's not going to work the app doesn't give me the option in the first place. This is now the 2nd time they have stolen from me.
That's never happened to me either. I must be better liked there than you. I don't think it's going to be pretty if there's to be another bull run. It's buggy enough in the quiet times. If there are millions of people trying to pile in or out they're going to wilt completely.
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I’ve never sold moderate to large amounts of coin before (fiat wise) so I’m a bit nervous about that in the future. I don’t want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation. If there was a De-Merit action I presume you’d all be giving it to me right now I think you'd have to be a legitimate crazyhead to use Coinbase for sums above the holiday/car level. Imagine how seized up and overloaded they'll be. Imagine how many get caught up in their obscure trigger mechanisms that even they don't understand. The last thing you need is to wind up some forgotten ticket number. You should sound out proper OTC operations.
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This piece of shit's threads are self moderated of course. My pointing out of its loathsome scamminess was deleted every time in seconds. At some point he'll be off to bed so I suggest peeps keep posting until it's gone. This is the latest one in the service section - https://bitcointalk.org/index.php?topic=5158102.0
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Yes, updated it, on my Iphone, it has these fee options: low priority, Economy,Normal and priority in ascending order of charge. Still they will automatically bring a higher fee even though I choose low priority.
Ah. There's your problem. Mycelium on iOS is basically dead and abandoned. Only the Android version is developed these days. You definitely need to drop Mycelium and find another wallet if you're staying with Apple.
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Don't compare Blockchain and cryptocurrencies, these are absolutely different areas! While blockchain is a technology, bitcoin is just one of its use cases.
Where most of these 'blockchain' companies are going to screw up is by believing they, or mysteriously altruistic strangers, can run a properly useful and secure chain without a financial incentive. Why would you bother unless there's something in it for the person providing the actual platform you're hammering? If it's between interlinked and likeminded entities then there are and always have been shared databases for that. It's exactly the same as intranet vs internet. Masses of companies reckoned they could create their own internet that was 'better' then reality dawned on them as they were roundly ignored by people running towards the real deal.
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Mycelium is a useless bitcoin wallet that charges too high for translocation fee, I have the app, had to import to another wallet because they want to charge me $7 for a small transaction of $45. I was thinking Mycelium is segwit wallet, but their wallet address starting with 1 means it does not support it or they just want more Satoshi from their users?
Have you not updated it since 2015? It has Segwit and full fee control. It's still my mobile wallet of choice. As for me my non spendy coins are remaining on legacy addresses. You never know when a shitfork may strike and that makes it a lot easier to deal with.
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Where I'm at in the UK most credit card issuers stopped allowing customers to use credit cards to buy crypto. The next bull run will even more manic so if there are any card issuers left they'll probably stop it too.
Despite that all of them let you deposit to gambling sites...
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We are in 5 digit mark and would get stabilized in 5 digit mark soon. it has achieved after long time and will grow as demand will continue to rise in coming time. It is a good investment time as well in order to grow from here.
It's gone up in a pretty much unbroken manner for several weeks in a row. That's not regular behaviour so don't expect it to have a nice relax doing very little for a few months when it runs out of steam. It could be the beginning of something considerably bigger, or not. I wouldn't act like anything's in the bank whatever happens.
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Ad revenue in the main. Why advertisers pay for the totally worthless clicks users are tricked into carrying out is beyond me but there must be enough of a hit rate to make it worthwhile. I've also read that if you create good faucet software you can licence it to others for a nice sum. This is a breakdown by someone who ran one - https://99bitcoins.com/complete-beginners-guide-make-money-bitcoin-faucet/It's an area I find very mysterious. And pointless.
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But I don't even know that guy. When bull run comes, everyone becomes popular and an expert. Coinpedia and other news agency should stop making content out of these people who are just tweeting their opinions.
I'm not looking forward to all the crypto bro fuckheads appearing out of nowhere spouting shite if things really take off. I hope at least there isn't another Bitconnect to ensnare the stupid and enrich them. No doubt they'll find something somewhere.
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