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

[_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.

[jbreher]

Spotted at Bitcoin 2019: the progenitor?



Hush your voices. Show some respect.

[jojo69]

“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.

doesn't mean it's not bullshit

[HI-TEC99]

“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.

doesn't mean it's not bullshit

Definitely bullshit.

Like in Sweden where it's impossible to deposit cash into half the banks.

https://www.irishtimes.com/business/innovation/sweden-s-push-to-get-rid-of-cash-has-some-saying-not-so-fast-1.3711076

About half of Sweden’s 1,400 bank branches no longer accept cash deposits.

“It’s more or less impossible, because the banks refuse to take cash,” she said.

WTF

Can a swede put his own cash money into his own bank? Computer says no.

[kurious]

Hey - I popped a post up on the power of BTC this morning and seemed to have been blessed with much appreciation.

To:

Globb0
Biodom
vapourminer
JimboToronto
xhomerx10
JayJuanGee
Dunkelheit667
fluidjax
Phil_S
Toxic2040
machasm
mfort312
gappie

You made my day and I can spread some sM around again. Thank you.

[Globb0]

I am always at your service friend


*tips hat*

[El duderino_]

Hey - I popped a post up on the power of BTC this morning and seemed to have been blessed with much appreciation.

To:

Globb0
Biodom
vapourminer
JimboToronto
xhomerx10
JayJuanGee
Dunkelheit667
fluidjax
Phil_S
Toxic2040
machasm
mfort312
gappie

You made my day and I can spread some sM around again. Thank you.

You just did an very kind gesture toward your employé/friend
I have a small company as well with my father, brother and they both hodl Some as well, mmmm my father the least with his panic sell habit or better coins thinking (to perform better based on 0 knowledge,  cause he knows nothing)
But the 3 working for us also all have their solid investment (cause of me ) as f***ing many friends of me have @the moment
@current market i’m the man of the hour for everyone at my place .....

[jojo69]

It's fucking shitcoin Armageddon out there

[realsteelboy]

Breakout imminent

[yefi]

Right, and most people will end up becoming worthless sacks of rotting flesh contributing nothing for the society or the planet. Less focus on "indulging" and this "comfortable" nonsense and start thinking how you can actually use it for something substantial. What will you only do without an apartment in London or Manhattan? The banks still control your minds, despite many believing that participating in Bitcoin means otherwise.

Can see someone is not a fan of epicureanism.

[kurious]

Ref. Coinabse in UK:
Transactions in used to be damn quick.  Minutes, even.

A few days ago I popped a bit of fiat over to CB and sure enough it arrived in minutes - but when I went to transfer it to Coinbase Pro as I have done before - it was 'on hold'.

They now put it on hold for five days before 'releasing it'. Just so you know; 'in' is not instant anymore, it seems (at least for me).  It's a shame as getting money in fast was a big plus. That's cost me more than a few bucks.

I can't say on withdrawal of cash as I don't cash out on Coinbase, though - I have always used Stamp for that. 


Ref: Stamp - they did start to ask a LOT of questions in late '17 about where I the coins I had sold were from.  Very intrusive and (at that time) they held a fair sum I wanted out until I answered.  I was a little rattled as it was a serious figure.  Sorted in the end - but I had to jump through hoops that were far more intrusive than ordinary KYC.

I keep a USD account at a bank in the UK so I don't lose out on the USD - EURO - GBP exchange losses.  Then use a Forex broker to get back into GBP when I need to.   That said, having USD was useful to buy back at Stamp once we bottomed out.

So far, not too many questions at the bank I have the USD a/c at.  I didn't actually say upfront it was for BTC, of course.  I just said it was 'USD investment income', which was not a lie.

[fillippone]

https://twitter.com/100trillionusd/status/1143630878108786693?s=21

What if ... #hyperbitcoinization already started 😱