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

[Last of the V8s]

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

[bitserve]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

But for us hodlers it looks like a good sign that there is more people wanting to buy than to sell even if it is just in localbitcoins. I assume it has not always been like that, right?

[LFC_Bitcoin]

Grin listed in Bittrex.

https://twitter.com/BittrexIntl/status/1094178101284794368

Excellent!
I might actually buy some now when as expected it goes a little lower.

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

They simply don't want to do anything with cash that you can't prove come from a legit business with all the right paperwork (invoices, etc). That is common knowledge since many years ago. The fact that it is coming from in person crypto sales just makes it even worse.

From your comment you mean there's more people wanting to buy than to sell in localbitcoins?

Yeah I'm having to turn people down. Even old reliable contacts. It's not good for anyone, but there it is.

But for us hodlers it looks like a good sign that there is more people wanting to buy than to sell even if it is just in localbitcoins. I assume it has not always been like that, right?

It's always been like this for me, but then again my country is small. May not represent the global situation.

[HairyMaclairy]

And the signed agreement

https://www.scribd.com/document/399259886/SunLot-MtGox-LOI

[Arriemoller]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?

Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.

I see, I had no idea train tickets were that expensive in DK.

[BitcoinGirl.Club]

Good afternoon WOs. Bitcoin price is @ $3,597 I am still busy in real life LOL however,

WO brothers 😊

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?

Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.

I see, I had no idea train tickets were that expensive in DK.

Dude fucking everything is expensive. A burger is like $10. In Thailand I can get a meal for $3.

It's all down to taxes. If we abolished the welfare state and had a 20% tax with all the hidden shit included the purchasing power per worked hour would be four times as high. Socialism simply does not work and we are all going to suffer for it sooner than most people think.

[LFC_Bitcoin]

Good afternoon WOs. Bitcoin price is @ $3,597 I am still busy in real life LOL however,

WO brothers 😊

Having a Sunday dinner with my gf’s family - NO COINERS.
They’ve already had their fun asking about why bitcoin has ‘crashed’ months ago though so today shouldn’t be too bad.

[kenzawak]

Bitcoin's Lightning Network Continues Breaking Records: Now, Over 6,000 Nodes

https://www.cryptoglobe.com/latest/2019/02/bitcoin-s-lightning-network-continues-breaking-records-now-over-6000-nodes/

According to the latest data from Lightning Network monitoring site 1ML, in the past 30 days, the Lightning Network has seen impressive growth:

number of Lightning nodes: 6,085; up 14.55%
number of Lightning channels: 24,647; up 27.2%
network capacity: 656.94 bitcoin (BTC); up 15%

Why is Lightning Network growing so quickly? There are several explanations:

-There is a real need for very fast and very low cost Bitcoin payments, which is especially true in the case of micro transactions (such as for tipping creators of interesting or useful social media posts), which is not addressed by on-chain Bitcoin transactions;
-Increasing availability of easy-to-understand guides and tools for using the Lightning Network, such as Pierre Rochard's Node Launcher, Jack Mallers' Zap Desktop, and William O'Beirne's Joule Chrome plugin; and
-Increasing public awareness of the benefits of Lightning Network, such as the Lightning Torch initiative started by Twitter user "hodlonaut" on January 19th

.

[BitcoinGirl.Club]

Good afternoon WOs. Bitcoin price is @ $3,597 I am still busy in real life LOL however,

WO brothers 😊

Having a Sunday dinner with my gf’s family - NO COINERS.
They’ve already had their fun asking about why bitcoin has ‘crashed’ months ago though so today shouldn’t be too bad.

Keep them busy talking about the last match. I will be watching Manchester City Vs Chelsea today.

[BitcoinGirl.Club]

Bitcoin's Lightning Network Continues Breaking Records: Now, Over 6,000 Nodes

https://www.cryptoglobe.com/latest/2019/02/bitcoin-s-lightning-network-continues-breaking-records-now-over-6000-nodes/

Add another node for the future coz I am going to set one for my online business which I am planning to start.

[Arriemoller]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?

Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.

I see, I had no idea train tickets were that expensive in DK.

Dude fucking everything is expensive. A burger is like $10. In Thailand I can get a meal for $3.

It's all down to taxes. If we abolished the welfare state and had a 20% tax with all the hidden shit included the purchasing power per worked hour would be four times as high. Socialism simply does not work and we are all going to suffer for it sooner than most people think.

I agree, but in this case I suspect it's due to lack of competition. I can take a bus from Malmö to Stockholm for 249 SEK (about 30 USD) and there are dirt cheap train tickets too. But there are at least three different train companies trafficking that stretch and a shitload of bus companies, and I am pretty sure the taxes are not lower in Sweden.

Edit: MÖ- STHLM is  about 610 Km

[kenzawak]

A small article that gives a quick news roundup about cryptos in South America (Brazil, Venezuela and Argentina) :

https://bitcoinnews.com/south-america-crypto-and-blockchain-news-roundup-2-8-february-2019/

[kurious]

And the signed agreement

https://www.scribd.com/document/399259886/SunLot-MtGox-LOI

It looks like a letter of intent that only agrees the basis of a (non-exclusive) negotiation for a sale.  And this only after due diligence is completed (which it may not have been, as the buying party could have backed out, or not completed due diligence). 

Interestingly, it appears no payment is specified - so it does not follow a deal was done unless a consideration was agreed and exchanged and referenced in another later document.  A 'sale' needs a price, a payment and a receipt or reciprocal exchange of title to the asset.

Karpeles asking to rescind was probably because nothing happened and it was just a loose, open ended and non-finalised negotiation.

This document does not prove a sale, just that there was an agreement to negotiate one on the terms laid out after they had looked at the books.

Unless they show evidence they completed due diligence and some sort of consideration was paid and/or shares were handed over then it is not credible that it actually happened.

I doubt the Japanese Receiver will take this seriously.

[Ibian]

Ibian, did you stop trading bitcoin when the bank asked you to open a business account? Or did you get a business account?

They want nothing at all to do with cash that comes from in-person sales. And they assume it all does because why not.

Other than waiting for people who want to sell, my only option is a bitcoin atm, and there is none nearby.

Ok, just curious.

I see there is a atm in CPH, can't you just go there?

Yes, but a train ticket there and back is almost $200. Which means I would have to exchange at least $20000 or so, depending on fees (unknown at this time) to make it worthwhile.

I see, I had no idea train tickets were that expensive in DK.

Dude fucking everything is expensive. A burger is like $10. In Thailand I can get a meal for $3.

It's all down to taxes. If we abolished the welfare state and had a 20% tax with all the hidden shit included the purchasing power per worked hour would be four times as high. Socialism simply does not work and we are all going to suffer for it sooner than most people think.

I agree, but in this case I suspect it's due to lack of competition. I can take a bus from Malmö to Stockholm for 249 SEK (about 30 USD) and there are dirt cheap train tickets too. But there are at least three different train companies trafficking that stretch and a shitload of bus companies, and I am pretty sure the taxes are not lower in Sweden.

Edit: MÖ- STHLM is  about 610 Km

Lack of competition is part of it, certainly. But the rest still holds true.

[BitcoinGirl.Club]

Lightning Network tic tac toe 😊

[El duderino_]

Remind yourself that less than 1% of the world has even touched bitcoin and crypto.

You took the risk.
You made that leap.
You are now an early adopter.
You reap the rewards.

This isn't about just next year, but for the next decade.

[El duderino_]

https://twitter.com/JWilliamsFstmed/status/1094571777353834496