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

[gentlemand]

I think from a bank to an exchange there's usually no problem. At least I've never had an issue using banks in two different countries.

It's the other way around that can sting you. Going from an exchange to a bank...

https://bitcoinist.com/coinbase-announce-they-will-no-longer-accept-deposits-from-nationwide-bank/

Unless something's changed when it comes to Nationwide you're toast if you're trying to SEPA to or from somewhere crypto related. It's not Nationwide, it's Commerzbank.

[serveria.com]

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .

Wow that's quite impressive! 10 minutes crypto to fiat is almost real-time for the crypto world

[jojo69]

holy dominance batman

[HI-TEC99]

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .

Are you withdrawing large amounts or small amounts? LFC_Bitcoin is probably talking about withdrawing hundreds of thousands of dollars?

[Hueristic]

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

This might be worth looking at. Although you'll have to read the whole thread because the OP han't been updated for a while.

List of Bitcoin Hostile (and friendly) Banks

Barclays stopped my trade with Bittylicious because "suspicious it may not be you" strange because I used their own little encrypted calculator thing so they really knew full well it was me.

Had my account locked a few days, I said I'm buying something from the internet? do you want to tell me anything like a good reason? bad seller? what? nothing. They just didn't want to let me.

Interesting how they get to decide if you are allowed to spend your money.

Yeah, I just left one Credit Union that I've been with for 20 years because they were acquired and now they have been acting like my money is their money and have the audacity to ask me what I'm going to use it on if I take a large amount. They also have been taking on "courtesy fees" without permission. I've also been getting offers continually form 3 or 4 major banks offering me 200-500 to open an account.

Is it too much to ask to just have an asshole at the safe guarding it and give me my money when I want?

[bitcoinPsycho]

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .

Are you withdrawing large amounts or small amounts? LFC_Bitcoin is probably talking about withdrawing hundreds of thousands of dollars?

Always  under £1000

[yefi]

This might be worth looking at. Although you'll have to read the whole thread because the OP hasn't been updated for a while.

List of Bitcoin Hostile (and friendly) Banks

Barclays has a partnership with Coinbase, so there shouldn't be a problem cashing out with them via this route.

Interesting how they get to decide if you are allowed to spend your money.

This is pretty much the norm in the UK. Experienced it/seen it with Lloyds, Santander and Halifax.

[serveria.com]

Let's see if it's only a dip or a bigger correction. Much needed imho.

I would say that it's not only much needed, but somewhat overdue...

Beartrolls detected 

I would be very happy if it goes to $20k uninterrupted, but I think it's a bit... unrealistic

Thanks for sharing this wonderful insight but why is it? Do you have some insider info or fortune-telling skills?  

[Hueristic]

You think having a botnet of real Bots is a bad idea?

Quite. But also very hard to see how the economic and business models will ever stack up.  

They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy.

But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book.

How could they break even when they are competing against ASICs in data centers?

Asics can't mine Monero, and and turns out the Almighty Fpga Hybrids can't compete either. But with upcoming RandomX I'm not sure how their GPU based systems will compete. Only time will tell.

[HI-TEC99]

Interesting how they get to decide if you are allowed to spend your money.

This is pretty much the norm in the UK. Experienced it/seen it with Lloyds, Santander and Halifax.

Did any of those three close your account for spending your money without their permission?

[gentlemand]

Did any of those three close your account for spending your money without their permission?

It's not your money. It's the credit note they've given you.

[VanguardVale]

Resistance from $11,500 through $12,000, with key areas around $11,700 offer the final nail in the coffin for the bear market. With so little resistance above this area, Bitcoin should - as one-half to $15,000 soon.

[serveria.com]

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .

Are you withdrawing large amounts or small amounts? LFC_Bitcoin is probably talking about withdrawing hundreds of thousands of dollars?

Always  under £1000

Then it doesn't count. We're talking about 5+ digit numbers here...  

[HI-TEC99]

Did any of those three close your account for spending your money without their permission?

It's not your money. It's the credit note they've given you.

But which of them are the biggest bastards when cashing out?

[realr0ach]

We're at $11k with next-to-zero FOMO.

Probably because the average goyim is too broke to even write a $500 check, let alone buy a $10,000 imaginary, valueless Bitcoin.  Just who do you expect to be the greater fool for these things?  Do you think Jamie Dimon is going to buy yours with him holding the bag on imaginary timestamps while you run off into the sunset cackling?

[jojo69]

fucking banks man...


few things piss me off worse, smug fucking self serving parasites

[realsteelboy]

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.

I think from a bank to an exchange there's usually no problem. At least I've never had an issue using banks in two different countries.

It's the other way around that can sting you. Going from an exchange to a bank...

I was selling directly to people and having multiple deposits into my account. The total was high but whether they would have noticed/cared/acted differently if it was fewer larger transactions I don’t know.

I explained what it was, showed them I knew my tax implications but they just flat out refused to discuss it.

“Computer says no” bullshit.

[bitcoinPsycho]

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .

Are you withdrawing large amounts or small amounts? LFC_Bitcoin is probably talking about withdrawing hundreds of thousands of dollars?

Always  under £1000

Then it doesn't count. We're talking about 5+ digit numbers here...  

Just had a look and I can withdraw £10000 per day

[realsteelboy]

Just been reading, apparently Royal Bank of Scotland & their many sister banks have a good relationship with Coinbase & don’t close/freeze your account if you withdraw, even large sums.

I like the idea of multiple LBC sales though, myself.

Seems dumb to be talking about this now but we all need to be prepared. Should really ask somebody like Vod, OgNasty or Elwar who I think have already cashed out millions.

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

.when I take fiat out of coinbase it takes about 10 minutes to appear in my rbs account .

Are you withdrawing large amounts or small amounts? LFC_Bitcoin is probably talking about withdrawing hundreds of thousands of dollars?

Always  under £1000

Then it doesn't count. We're talking about 5+ digit numbers here...  

Just had a look and I can withdraw £10000 per day

RBS is the same banking group as Lloyd’s I think

[serveria.com]

Don’t think I’ve ever seen a thread here discussing cashing out plans, techniques, strategies. I would start one but it’ll be filled with nocoiner noobs, one liner posting, broken English & sig spam.

Perhaps we should start such a thread here, I'm willing to co-moderate to avoid the things your mentioned...

Now it's high time to do it as this topic will become more and more popular over time and as BTC grows further up...