Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[matt4054]

They have been asking me for sources of daily info on bitcoin because they want to invest in bitcoin when it goes live on robinhood in February.

So newcomers would better save like 0.25% fees and buy from some unestablished exchange rather than going with a reputable one, i.e. trading since 5+ years? I don't get it. But yeah, I'm Swiss, so you know...

[Ibian]

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.

[Neo_Coin]

[HairyMaclairy]

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. 

[Neo_Coin]

[Gab0]

For now, the race for leadership is still fully on with Bitcoin having a lead but that’s not carved in stone. It is not said that this will be the case forever. In a use case whereby ‘no fees’ micro transactions are vital, IOTA would clearly have a lead over most other cryptocurrencies, assuming they can get their clusterf* of a wallet and network stability up to standards.

Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die. So I welcome altcoins instead of loathing them.

...  I see a purpose and place for various altcoins.

You guys still talk about all these various coins in some hypothetical future where you see them being "used" for various things. But without the ONE CRITICAL thing, mass merchant adoption, they won't be used for anything other than trading. That's all. Years and years will pass by, and they won't have achieved merchant adoption on any significant level. So what then?  Just trade?

There will be blockchains that will probably never get commercial adoption, and even then, they will achieve overwhelming success. In the future, only a small number of transactions will make them human, and all the rest will be machines: washing machines, refrigerators, coffee makers, luminaires, locks, cars, bionic prostheses, subcutaneous chips, etc.
Bitcoin, as a currency and refuge of decentralized value, is only the first application, the base layer of an infinity of advances that we can not even imagine.
Before, I was a bitcoin maximalist, I thought everything had to be developed on the bitcoin protocol. Today I do not believe in the same way. I have a more eceptic vision, product of the same division of the community. You yourself profess that bitcoin should not be considered a currency. Another here believe that bitcoin can not be everything for everyone. That's why I think that in the future there will be different blockchains interacting with each other, each with different uses and applications.
I think decentralization is about that.

[explorer]

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. 

Ya, after reading that their target audience is <$1000 deposit range, I lost interest.  That and the fact that they are reserved to a handful of US states.  Good for those able to use it, if getting small amounts for purchases is the goal.  For investment, it seems... odd.

[vanobe]

Edit: I just found out how to find out who my Meritors are by clicking on Merit in my profile. Thanks Dabs, Yefi, Rosewater, Hairy and Jay. Much appreciated!

Clicking on Merit in your profile lets me see who your Meritors are too. Theymos must have added that feature today.  

There's also this new link to view merit stats.


https://bitcointalk.org/index.php?action=merit;stats

• Recent merits
• Top-merited recent topics
• Top-merited topics, all-time
• Top-merited recent replies
• Top-merited replies, all-time
• Top-merited users, recent merit
• Top-merited users, all-time
• Most generous recent merit senders
• Most generous merit senders, all time

edit/

Theymos announced he added stats pages here.

I added stats pages:
https://bitcointalk.org/index.php?action=merit;stats
And per-user summary pages like:
https://bitcointalk.org/index.php?action=merit;u=35

[True Myth]

They have been asking me for sources of daily info on bitcoin because they want to invest in bitcoin when it goes live on robinhood in February.

So newcomers would better save like 0.25% fees and buy from some unestablished exchange rather than going with a reputable one, i.e. trading since 5+ years? I don't get it. But yeah, I'm Swiss, so you know...

I asked that question. There were 2 common responses.

1. No fees
2. "I can trade between stocks and crypto without transferring funds."

*Edit - they already have robinhood accounts for stocks.

[Toxic2040]

What's that saying, our mind is like a parachute. It works better if it's open.

Indeed..even my most bultard moments I try to stay impartial. Hard to do...

world changing disruptive tech. File storage. Decentralized databases. Privacy. Libraries? Real estate

All good bets and ripe for development I am thinking.

you could say you fire a shotgun, you will hit one of these 1% wonder coins.

I will take those odds.

hodl

Enough said.

Even Litecoin has a purpose. It's a Bitcoin testnet on a live mainnet with value. Because the Bitcoin testnet itself is supposed to be valueless and it's been reset a few times in the past, and idiots attempted to trade testnet coins.

I like to think this is a hidden gem. So many do not realize that.
 

Still working on getting to triple digits ..

The right path.

some of these comments are in an exaggerated form of fun

Its certainly fun. Its a chess match I feel privileged to participate in.

So, yeah, we should worry for bob.... hahahahahhahaha  Problems of the .01%, no?

because I have plenty of coins myself.... 

I think we all beat around the bush a bit when it comes to just out and out saying how many coin are in our wallets. I think its not only foolish to boast on a public forum but in poor taste. By that same logic...I dont feel any need to hide these things either. I can and have documented where my hodling's come from.

Oddly enough it wasent Bob's finaincials that I was slightly worrying about..it was hes state of mind. For someone ready to step into the next path of their life he is sooooo angry!  /s

ASSLESS CHAPS

Fact of the matter I am just damn jealous of the way he pull's off wearing those assless chaps..I could never.

[HairyMaclairy]

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.

[Arriemoller]

ASSLESS CHAPS

ASSLESS CHAPS

ASSLESS CHAPS

IF THEY ARE NOT ASSLESS THEY ARE NOT CHAPS

[xhomerx10]

ASSLESS CHAPS

ASSLESS CHAPS

ASSLESS CHAPS

IF THEY ARE NOT ASSLESS THEY ARE NOT CHAPS

 Yep.  Plain old run-of-the-mill pants.

[Ibian]

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.

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?

[explorer]

ASSLESS CHAPS

ASSLESS CHAPS

ASSLESS CHAPS

IF THEY ARE NOT ASSLESS THEY ARE NOT CHAPS

Though it could lead to a chapped ass...

[True Myth]

They have been asking me for sources of daily info on bitcoin because they want to invest in bitcoin when it goes live on robinhood in February.

So newcomers would better save like 0.25% fees and buy from some unestablished exchange rather than going with a reputable one, i.e. trading since 5+ years? I don't get it. But yeah, I'm Swiss, so you know...

I asked that question. There were 2 common responses.

1. No fees
2. "I can trade between stocks and crypto without transferring funds."

*Edit - they already have robinhood accounts for stocks.

So... just found this:

" Cryptocurrency prices are notoriously volatile. To counter that, Robinhood Crypto gives users an estimated price, and once users confirm a buy or sell order, they scan a gamut of trading venues, exchanges and market centers to find the lowest offer, TechCrunch explained. To account for wild price fluctuations, the service puts a 'collar' around your order; If it can't find a price within this margin, it will wait until one surfaces to execute your order or inform you."

Sounds like an awful lot of work for no fees being charged.

[explorer]

They have been asking me for sources of daily info on bitcoin because they want to invest in bitcoin when it goes live on robinhood in February.

So newcomers would better save like 0.25% fees and buy from some unestablished exchange rather than going with a reputable one, i.e. trading since 5+ years? I don't get it. But yeah, I'm Swiss, so you know...

I asked that question. There were 2 common responses.

1. No fees
2. "I can trade between stocks and crypto without transferring funds."

*Edit - they already have robinhood accounts for stocks.

So... just found this:

" Cryptocurrency prices are notoriously volatile. To counter that, Robinhood Crypto gives users an estimated price, and once users confirm a buy or sell order, they scan a gamut of trading venues, exchanges and market centers to find the lowest offer, TechCrunch explained. To account for wild price fluctuations, the service puts a 'collar' around your order; If it can't find a price within this margin, it will wait until one surfaces to execute your order or inform you."

Sounds like an awful lot of work for no fees being charged.

Will they offer crypto withdrawals?  Or just rehypothecate with abandon, like stocks?

[matt4054]

1. No fees
2. "I can trade between stocks and crypto without transferring funds."

*Edit - they already have robinhood accounts for stocks.

Hmm, ok, insightful. Well at least that kind of makes sense. Looks like convenience is underrated sometimes

[Last of the V8s]

@SamouraiWallet
23m23 minutes ago
Planning the future of censorship resistant transactions with our friends over at @gotenna in Brooklyn, NY. Stay tuned for some exciting developments 📡

 
@gotenna
Introducing goTenna Mesh — the first 100% off-grid, mobile, long-range consumer-ready mesh network! Get yours here: http ://bit.ly/2f2OaUT
Brooklyn
https://gotenna.com/

-but is it safe?

[True Myth]

They have been asking me for sources of daily info on bitcoin because they want to invest in bitcoin when it goes live on robinhood in February.

So newcomers would better save like 0.25% fees and buy from some unestablished exchange rather than going with a reputable one, i.e. trading since 5+ years? I don't get it. But yeah, I'm Swiss, so you know...

I asked that question. There were 2 common responses.

1. No fees
2. "I can trade between stocks and crypto without transferring funds."

*Edit - they already have robinhood accounts for stocks.

So... just found this:

" Cryptocurrency prices are notoriously volatile. To counter that, Robinhood Crypto gives users an estimated price, and once users confirm a buy or sell order, they scan a gamut of trading venues, exchanges and market centers to find the lowest offer, TechCrunch explained. To account for wild price fluctuations, the service puts a 'collar' around your order; If it can't find a price within this margin, it will wait until one surfaces to execute your order or inform you."

Sounds like an awful lot of work for no fees being charged.

Will they offer crypto withdrawals?  Or just rehypothecate with abandon, like stocks?

It seems like no one is sure if you can deposit or withdraw crypto. I searched online for some more info and found lots of people asking the same question with no one having answers. I would speculate that you can not make withdrawals in the form of crypto.