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

[Biodom]

Here is some info about selling to fiat in US:

On the exchange side:

OTC-don't know, probably no limit, then wire. Gemini auction, Circle OTC? Circle 250K minimum.
Coinbase-at least up to 50K daily transfer is feasible. More-don't know.
Gemini-ACH up to 100K daily, Wire?
Kraken-up to 25K/day (Intermediate), 125K/day with POSOF (proof of source of funds-have to prove that you are an accredited investor); Pro (10 MM)-this is probably mostly for companies and family offices.
For some reason Kraken excludes TX from high value transfers (100K). Every other state is apparently OK (for 100K daily).

On the bank side:
Only anecdotal info. Not clear at what $$ one needs to talk to a banker prior to transfer (if ever). OTC probably does it for you.

[Last of the V8s]

[Last of the V8s]

https://www.sec.gov/rules/sro/nysearca/2019/34-86195.pdf
comments called for
meh
https://www.coindesk.com/nyse-arca-bitcoin-tbill-etf-rule-change

[vapourminer]

.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... 

in the 2017/8 bull run it took ~24 hrs for 5 digit transfers to go from coinbase to my bank account. i did this every day for a period of days, and it was always there the next day.

EDIT im in the usa

[fluidjax]

Remember son, if it wasn’t for your Great, Great, Great, Great Grandfather buying Bitcoin all those years ago, we would still be living on Earth

[RejectedBanana]

Shitastic! 

[Icygreen]

Bears are getting cocky again.  Ha, non-believers. Time for a rektum massage?

[Paashaas]

Lolli expands popular travel category with Hotels.com partnership.

Lolli launched in the trough of the 2018 bear market when bitcoin began its descent into the $3,000 range. Even so, that didn’t stop the service from swelling to 10,000 users by March 2019. With the Chrome/Firefox plug in, users can earn a percentage of every purchase back in bitcoin when they shop at one of Lolli’s 500-plus partners. These include Walmart, Macy’s, Overstock, Barnes & Noble and many others, including travel companies.

In fact, travel has emerged as the platform’s most popular category. Lolli co-founder and CEO, Alex Adelman, told Bitcoin Magazine that people use travel services like VRBO, Hilton, Marriott, Bookings.com and CheapOAir more than anything else to earn bitcoin on Lolli. This is mainly due to the fact that these particular services give healthy rebates (CheapOAir, for instance, pays a flat 0.001987 BTC and Marriott pays 6.5 percent back) and that travel purchases are large, netting more bitcoin back in return, which makes them ideal for stacking sats.

https://bitcoinmagazine.com/articles/lolli-expands-popular-travel-category-with-hotels-com-partnership

[JayJuanGee]

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?

Cats don't "cackle."  Get a grip roach!!!  You are coming off as a bit delirious.   





 

[bitserve]

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.

You CAN'T have multiple people depositing  into your account with no official paperwork associated. Heck, you CAN'T even regularly deposit substantial amounts of cash into your account by YOURSELF without proper explanation. It is the way it is.

[Whaleagent]

Bitcoin trading above $11k for almost two days in a row now, bulls are strong as fuck and shorts keep climbing up on Bitfinex, I'm smelling another big short squeeze soon, most likely if we break $12k and could easily push it up to $13k.

[_javier_]

What was the bet?

https://bitcoinist.com/argentina-president-bitcoin-price-tim-draper/

Sadly, our president, Mauricio "The Cat" Macri didnt accept the bet.

[jbreher]

^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.

Coinfloor? One name: nefario. 'Nuf said.

OTOH, Coinbase has done well by me. Their tech support lagged in the 2017 FOMO phase, but they've given that part of the business industrial strength attention.

[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.

You CAN'T have multiple people depositing  into your account with no official paperwork associated. Heck, you CAN'T even regularly deposit substantial amounts of cash into your account by YOURSELF without proper explanation. It is the way it is.

It wasn’t cash but I see where you’re coming from.

Thing is I was happy to explain everything but they just shit it down. No questions. No explanation. Been with them 20 years.

[jbreher]

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?

ASIC resistant blockchains.

[Hueristic]

Thinking of making another $1,000 offering to Karhu, at these prices, Goddamnit.

Sheeit.

Fuck.

I just sent that for under 2 cents. I couldn't help myself.

[Hueristic]

What was the bet?

https://bitcoinist.com/argentina-president-bitcoin-price-tim-draper/

Sadly, our president, Mauricio "The Cat" Macri didnt accept the bet.

Why not? It's a no lose for his country.

If he loses he can just renege like every other fucking politician ever.

[Agapios]

bitcoin dominance 60.1% by coinmarketcap
bullish as f..k

[Last of the V8s]

https://www.zerohedge.com/news/2019-06-25/msm-silent-after-google-election-meddling-bombshell-video-scrubbed-youtube
I didn't post this https://twitter.com/Project_Veritas/status/1143143459009769473 yesterday because when I saw it it was a few hours old, figured you would all have seen it, but maybe not.
It's not exactly news, that Google are leftists, but this is straight from the horse's mouth (geddit?)

[Globb0]

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?

ASIC resistant blockchains.

Its not about break even though, they aren't solely miners see.

ROI on a miner is before its obsolete.

In this example its about gaining something from a thing you have already, that could be mining a little bit.

Wont be much, but Im thinking akin to bittorrent many small equals 1 big.

Every penny they gain can be recirculated for equipment or operations. That's the sell for them.