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1201
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 05, 2019, 10:50:16 AM
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That's what maybe I have misunderstood. If you are just using shell companies to reduce tax that, of course, is legal and NOT money laundering. If, otherwise, you are using shell companies to mask proceeds from a completely different activity to make it appear as coming from another that's when things start to get risky. I would not mix Bitcoin with any business unless it is crypto related business and everything is perfectly documented.
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1202
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 05, 2019, 09:26:23 AM
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At some point you realise, exchanges don't let you withdraw large amounts and banks close your accounts at the mere mention of Bitcoin due to money laundering and liability concerns. Your money is locked into the system, allowing only a few trickles into your bank account.
But then again. Banks are digging their own graves. Can't get money out of the system? The system becomes the new money. All is a question of time.
The guy I buy from regularly on Localbitcoins had his fiat bank account shut down. He’s started a new one & created a bogus company so he can continue to trade. It’s not difficult to work around money laundering, we have two official businesses but I have 8 directorships. You just filter the money into/through as many companies as you can to reduce taxes. Besides when bitcoin goes to the moon you won’t want to cash it all out, you’ll be able to live on bitcoin (hopefully). What you are describing actually *IS* money laundering (instead of a workaround). Risky business if you ask me. Maybe I have misunderstood... otherwise that is NOT how I would do it... |
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1206
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2019, 04:07:07 PM
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Or that could just be what they want you to think! There's a good story in the comments below the TV chart (not sure if its true or not, but that's besides the point): This sell off was allegedly done by a single whale selling (25k?) BTC on Coinbase while shorting on Bitmex. The whale is likely now buying up at lower prices.
From a philosophical viewpoint, Why is a single person allowed to manipulate BTC and steal $100 million from the pockets of investors? What happened to KYC? (not to be confused with KFC).
What is the point of having customers on Coinbase and BitStamp fill out forms, verifying who they are, if one of them can come in and hold the place up for $100 million whenever they feel like it?
Nonsense. Enough socialist bullshit. |
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1209
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2019, 02:13:46 PM
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The news you might have missed from WWDC: Apple Publishes Bitcoin Icons & ‘CryptoKit’; iPhone Crypto Wallet Coming?CryptoKit provides developers with a new toolkit for cryptographic functionality. It means app developers can integrate operations like hashing, key generation, and encryption. In particular, CryptoKit will facilitate the use of public and private key management.
“Use public-key cryptography to create and evaluate digital signatures, and to perform key exchange. In addition to working with keys stored in memory, you can also use private keys stored in and managed by the Secure Enclave.”
Apple put a lot of focus on privacy: can we trust them turning every iphone into an Hardware Wallet? For a few thousands pocket money wallet? Sure, why not? I see your point. I mean for higher sum. What's the threshold to negotiate security of a closed hardware wallet (ledger nano, only as an example) for another closed hardware wallet (iphone) with smoother useer experience and probably more secure key management? The threshold is defined by your own net worth plus other factors, being the total net worth the most significant one IMHO. I mean, if you spend one million $ weekly I don't see any problem on having that sum in your iphone wallet for "convenience"... If all your lifetime savings are a few thouands.. maybe you shouldn't even have an iphone in first place. In other words, I think it is a very individual dependent threshold. Same goes for having funds in exchanges, third party wallets, LN at this stage, etc.... DYOR/YMMV  |
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1210
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2019, 01:56:00 PM
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The news you might have missed from WWDC: Apple Publishes Bitcoin Icons & ‘CryptoKit’; iPhone Crypto Wallet Coming?CryptoKit provides developers with a new toolkit for cryptographic functionality. It means app developers can integrate operations like hashing, key generation, and encryption. In particular, CryptoKit will facilitate the use of public and private key management.
“Use public-key cryptography to create and evaluate digital signatures, and to perform key exchange. In addition to working with keys stored in memory, you can also use private keys stored in and managed by the Secure Enclave.”
Apple put a lot of focus on privacy: can we trust them turning every iphone into an Hardware Wallet? For a few thousands pocket money wallet? Sure, why not? |
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1212
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2019, 01:46:49 PM
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4th Juni, Bday Hat.....
Thx Cryptoqueeen, my true love!
Now Azurmendi.
The dichotomy of you being tatted up, living the high-life with your presumably attractive mate, eating at the finest establishments, makes me wonder how much "attitude" you get from snooty restaurant staff, who may look down upon such dermal adornments. In such situations, where I find that folk are judgmental of myself and Rick as a couple, I internalize "Shut the fuck up before I crush you under the weight of my bank account, you cretin. Reservation for two. Please seat us immediately, sir/ma'am" The world is strange. Happy Birthday. They are both also pretty good looking. Establishments probably assume they are actors/singers/sports or some other wealthy professions where the "dermal adornments" are pretty standard. Which is some other type of judgemental though.... Also, sometimes it is oneself who think people are being judgemental when they really aren't/don't give a shit. I know because I have sometimes felt like that and maybe it was just me.... I am sure mic and his GF just don't give a shit and just enjoy life without a second thought about this little concerns. My kudos to them. |
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1213
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2019, 12:35:50 AM
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Hahah relax I am long time hodler... Don't care if we see 2k...
I am a long time hodler... But I would care... I would probably go running nude in the middle of the traffic screaming doom! I would keep hodling though. To be a real hodler you need to fucking care. You need to suffer. To agonize.... and still fucking hodl!. I've gone through all that back in 2014... Everything over $1200 is fine for me... But of course I would be happy to see 50k this year. I think 2020 will be more interesting. But for me it was obvious that one group pumped the price all the way up. And I dont see much public interest. Of course I am a noob in terms of analyzing and predicting. But so everybody else iş, because bitcoin does what it wants. To be honest (and it is in my post history) we are over the price I expected for Q1/Q2 2020. But that doesn't necessarily mean we need to go revisit any lower price. I just don't like predictions as a sure thing. There is nothing sure here. We will revisit $6K (or lower) or maybe don't. We'll see. |
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1214
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2019, 12:26:40 AM
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Hahah relax I am long time hodler... Don't care if we see 2k...
I am a long time hodler... But I would care... I would probably go running nude in the middle of the traffic screaming doom! I would keep hodling though. To be a real hodler you need to fucking care. You need to suffer. To agonize.... and still fucking hodl!. |
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1217
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2019, 12:01:40 AM
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EDIT 2: Jeez - party plans on hold?!!!  Of course party plans are on hold, but not because of this insignificant dip. We are all aware $100K could perfectly take more than one halvening and still be in the good scenario. But also Bitcoin could surprise us and arrive there way sooner than we would expect and also there's nothing wrong in planning just in case. Otherwise the milestone could arrive and still no party... remember: no $1K party, no $10K party... So... let's just be prepared and not miss it this time? Just saying.... Nice writeup Kurious, I guess you now have a mission... should you decide to accept it. As always, should you or any of your WO Coordination Force be caught or killed, theymos will disavow any knowledge of your actions. This post will self-destruct in 24 critical hours. |
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1220
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 03, 2019, 10:44:39 PM
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You got it wrong first amount of people the more the cheaper it can be  But the price can have some influence in the amount of people that would attend  Really, how many would attend at an admission price of $10K? How many at $1K? (I am talking about the price of the party only, not accomodation, travel or other individual extras) Indeed but if we know 10 would be there, Then a location let us say 30-40-50K-100k (just Numbers to make a point) would always cost more as the same location is used for 40-50-60 members .... So based on members its more easy to spend on a location if every member would like to pay around 1-2K instead of 10-15K ..... So so must know members first otherwise the appointed team for organisation would come up with numerous locations of different prices where no one Will agree... If they know how many people Then they can make a plan of cost per person .... that suits to everyone Yeah, but let's just remember we just want to *hire* the venue not buying it outright... oh wait! |
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