HI-TEC99
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December 11, 2020, 09:12:32 PM |
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Thank gawd I haven't had to use an online exchange since Mtgox.
It's faster, easier, cheaper, safer, and fully anonymous dealing face-to-face with an honest neighborhood dealer behind closed doors.
How do you find an honest neighborhood dealer?
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explorer
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Activity: 2016
Merit: 1259
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December 11, 2020, 09:16:29 PM |
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EDIT: Oh, and someone postulated earlier that I use Kraken. This is not the case. I did for one sale of $100k USD, and found it to be a complete nightmare, to extract the funds.
Why was it a nightmare? How long did it eventually take? Years ago I read a complaint that they promise unlimited withdrawals, but in reality only allow $50k a year. When I recently checked their site it says they allow $100+ million a year for their top tier. However I haven't had a chance to ask anyone about their experience of a really big withdrawal yet. Possibly an international complication, but I've been doing sub-10k from Kraken regularly this year, and getting average 3 day transfers. When I was doing bigger ones ~2016 and prior it was 3-4 weeks. It was no different than bitstamp or Canadian exchanges in that regard, so I took it as normal. Banks suck, what can I say. If they want records of where I bought my BTC, they can dig for an exchange 7 years defunct, I guess. So far, (2013? KYC done) no questions, just delays.
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bullrun2024bro
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December 11, 2020, 09:17:23 PM |
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RejectedBanana
Sr. Member
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I am a banana.
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December 11, 2020, 09:18:27 PM |
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EDIT2: Also, someone also questioned whether I'm black and libertarian, while having such a confusing stance on being comfortable paying the requisite long-term capital gains tax.
I can understand the confusion, but, while being one who believes in Liberatian ideologies about The United States, I'm also pragmatic to understand that we live in a system, and I need to abide by the rules.
Capital gains taxes are only requisite if you sell, Bob. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Taking debt-free fully-collateralized loans, gifting to charity, setting up inheritance trusts, investing gains in opportunity zones, selling less than very generous NIIT cutoffs, moving to Puerto Rico, etc. etc. are all possibilities in the exact same rulebook, but result in more money going to family and causes we may actually identify with versus willy-nilly donating it to our government's system of black hole spending. None of this should be counter to Libertarian thinking, am I wrong? I understand that the sheer mental load of tax planning may be, well, taxing... But the system also provides an army of professionals to help with that, in the way of accountants, lawyers, and financial advisors. And they cost a helluva lot less than 23.8%. Some of them may even be friends and family. Libertarian even. With qualified help and fore-thought, you, too, could have your cake and eat it. And maybe even sleep. Nom nom. Zzzz. PS. Cheers to being a fellow POC raised with values by loving parents and working hard in life to overcome systemic racism. Although I happen to believe luck and appearance play more of a role than hard work in being "successful".
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Toxic2040
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Merit: 4141
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December 11, 2020, 09:26:07 PM |
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re: noon charts a fresh look at old charts #dyor ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNmPLJY4.jpg&t=665&c=urkViETYyKgX6g) still horse lippy on the MACD..damn it D ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FshEO0u3.jpg&t=665&c=pG2IJoRFIbZHFg) RSI not quite cooled off below 70 yet..but getting there W ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4b986nM.jpg&t=665&c=Ful6vUuvz9i3gw) #stronghands
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serveria.com
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Activity: 2338
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Privacy Servers. Since 2009.
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December 11, 2020, 10:07:43 PM |
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0.1 BTC or her for the night? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FhR0DBXc%2F280-DB477-32-E0-4-F65-A5-B9-2-AD0-BD38-C02-A.jpg&t=665&c=d4d1wfnfJTf_HQ) I haven't cashed out from Kraken yet, but the limits depend on your verification level. They get reasonably high with the max verification level, and I think they can even be pushed a little higher by negotiating. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FggkxqWB%2Fcapture-001-11122020-195451.jpg&t=665&c=NZvNBj2LNW7cTg) Kraken withdrawals are quick & smooth. I had to really fight to get the max withdrawal limit though (in anticipation of next years big run). They wanted proof of my BTC purchases & salary & all sorts. I'd take the girl ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) as to Kraken: what was the amount you were trying to withdraw?
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d_eddie
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0.1 BTC or her for the night? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FhR0DBXc%2F280-DB477-32-E0-4-F65-A5-B9-2-AD0-BD38-C02-A.jpg&t=665&c=d4d1wfnfJTf_HQ) I'll take the 0.1 BTC. I haven't cashed out from Kraken yet, but the limits depend on your verification level. They get reasonably high with the max verification level, and I think they can even be pushed a little higher by negotiating. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FggkxqWB%2Fcapture-001-11122020-195451.jpg&t=665&c=NZvNBj2LNW7cTg) Kraken withdrawals are quick & smooth. I had to really fight to get the max withdrawal limit though (in anticipation of next years big run). They wanted proof of my BTC purchases & salary & all sorts. Verification was surprisingly quick for me. I used to have no verification, and I used the unverified account to sell some bcash, cashed out in btc. Later on, I thought I'd get full verification so I can cash fiat if/when the need arises. No issue: a couple of days and they sent me an email "Your verification is complete". I haven't actually tried withdrawing fiat yet, though.
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serveria.com
Legendary
Offline
Activity: 2338
Merit: 1189
Privacy Servers. Since 2009.
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December 11, 2020, 10:09:53 PM Last edit: December 11, 2020, 10:33:49 PM by serveria.com |
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0.1 BTC or her for the night? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FhR0DBXc%2F280-DB477-32-E0-4-F65-A5-B9-2-AD0-BD38-C02-A.jpg&t=665&c=d4d1wfnfJTf_HQ) I would go for 0.1 BTC, she might have covid and upon contact, she might infect me with that shit. I like to live and spend those 0.1 BTC at some nice foods not her Cmon man Covid is not an STD and there's always a paper bag for extra Covid protection
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Biodom
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December 11, 2020, 10:13:09 PM |
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EDIT2: Also, someone also questioned whether I'm black and libertarian, while having such a confusing stance on being comfortable paying the requisite long-term capital gains tax.
I can understand the confusion, but, while being one who believes in Liberatian ideologies about The United States, I'm also pragmatic to understand that we live in a system, and I need to abide by the rules.
Capital gains taxes are only requisite if you sell, Bob. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Taking debt-free fully-collateralized loans, gifting to charity, setting up inheritance trusts, investing gains in opportunity zones, selling less than very generous NIIT cutoffs, moving to Puerto Rico, etc. etc. are all possibilities in the exact same rulebook, but result in more money going to family and causes we may actually identify with versus willy-nilly donating it to our government's system of black hole spending. None of this should be counter to Libertarian thinking, am I wrong? I understand that the sheer mental load of tax planning may be, well, taxing... But the system also provides an army of professionals to help with that, in the way of accountants, lawyers, and financial advisors. And they cost a helluva lot less than 23.8%. Some of them may even be friends and family. Libertarian even. With qualified help and fore-thought, you, too, could have your cake and eat it. And maybe even sleep. Nom nom. Zzzz. PS. Cheers to being a fellow POC raised with values by loving parents and working hard in life to overcome systemic racism. Although I happen to believe luck and appearance play more of a role than hard work in being "successful". yeah, 20% LTV (relatively safe) is "just" 4.59%, but opportunity zones are a bit beyond my comfort level, but maybe I should just research it more, there is one within 5 min drive.
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irfan_pak10
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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
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December 11, 2020, 10:15:48 PM |
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0.1 BTC or her for the night? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FhR0DBXc%2F280-DB477-32-E0-4-F65-A5-B9-2-AD0-BD38-C02-A.jpg&t=665&c=d4d1wfnfJTf_HQ) I would go for 0.1 BTC, she might have covid and upon contact, she might infect me with that shit. I like to live and spend those 0.1 BTC at some nice foods not her Cmon man Covid is not an STS and there's always a paper bag for extra Covid protection Yeah I know, That's why I fear. I just had to be with her to get that virus without having any contact ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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d_eddie
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December 11, 2020, 10:32:43 PM |
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Cmon man Covid is not an STS and there's always a paper bag for extra Covid protection It's not a matter of covid for me. It's the look of surgery. I wouldn't want her to blow up suddenly. All that gore is a big turnoff. Besides, once the path of surgery is taken, you can never be sure you won't find any unpleasant surprise down there. 0.1 BTC any day. Next one pleaaase...
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BayAreaCoins
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Owner at AltQuick.com
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December 11, 2020, 10:37:30 PM |
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Fuck COVID, I'd let her give me aids! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) jk jk
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d_eddie
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December 11, 2020, 10:49:07 PM |
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Covaids?
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BayAreaCoins
Legendary
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Activity: 3962
Merit: 1248
Owner at AltQuick.com
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December 11, 2020, 11:04:40 PM |
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Covaids?
No no, just normal buttaids ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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True Myth
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December 11, 2020, 11:14:28 PM Merited by BobLawblaw (2) |
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Thanks to BobLawBlaw for single handedly keeping us above that $18k mark.
Apparently $18k is the new $19k.
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JimboToronto
Legendary
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You're never too old to think young.
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Thank gawd I haven't had to use an online exchange since Mtgox.
It's faster, easier, cheaper, safer, and fully anonymous dealing face-to-face with an honest neighborhood dealer behind closed doors.
How do you find an honest neighborhood dealer? You have to develop a good working relationship. My first OTC buys were from a miner I met through Localbitcoins while Mtgox was in the process of imploding. I guess he paid Localbitcoins that first time but we simply exchanged phone numbers so there were no middlemen after that. I paid him the current buy rate in CAD based on Cavirtex. He was happy to be able to sell enough coins to pay mining expenses without paying fees. He lived in a high-rise condo building a 10 minute streetcar ride from my home. We met and transacted in a glassed-in lobby under the watchful eyes of armed uniformed security. Because I carried only public keys, I wasn't worried about getting mugged on my way home. He was hoping to be retired before age 35. I don't think he had to wait that long. Last time I spoke to him was at the original Decentral the night Vitalik Buterin first announced his plans to develop his sleazecoin. Early January 2014, before Mtgox went down. ____ I met my current number one dealer first through Coinatmradar while I was still using ATMs. They had fairly low fees compared to most ATMs at that time, something like 4-5%. I recognized the address as being a local-family owned foreign currency exchange with whom I'd had good experiences, who consistently had the best rates on USD and MXN. Turns out the owner is a Bitcoin enthusiast who organized meet-ups etc., and we hit it off immediately. I paid 3% that first time and had to wait for a confirmation before getting the cash. After that I was paid as soon as the TX showed on the network. Before long I was paying 2% (or no fee!) and we usually chatted about current market conditions, Bitcoin politics etc. Once before a trip to Mexico, I inquired about amounts exceeding the government anonymity limits. No problem. Just give a day or two's notice. Eventually I was sending coin to the exchange from the Mexican jungle with my brother in Toronto picking up the cash to deposit to my credit card so I could withdraw cash from an ATM in Mexico. Aaah, the joys of not having a bank account. _____ Before that I met OTC dealers when I could. One of the first was a gold dealer I also met through Coinatmradar. The second time I went, their Lamassu ATM had broken down so they sold me some coin OTC. I don't think they ever did actually get the ATM fixed. It was always OTC after that but eventually I found cheaper places. They were also too far to walk to. I also met several ATM operators because of machine failures who ended up dealing OTC with me. They were quick to cut out the shopkeepers to keep my fees down. Not all the middlemen were cut out though. One met me in the bar where his ATM was located because he was undercapitalized and didn't have enough cash in the ATM. He met me 2 days later after raising the cash and bought me a couple of Hendricks martinis while we transacted phone-to-phone and cash hand-to-hand all under the watchful eyes of the bar owner who was the ATM owner's friend. When I commented about the large gentleman loitering on the sidewalk out front, they said he was a friend making sure I didn't try anything funny. On the way out we exchanged smiles. As it is, the bar owner agreed with the ATM dude to a lower fee to woo my business. It was the beginning of a good relationship. I guess she was happy to sell us 4 expensive martinis. He was happy to be a step closer to buying his second ATM. We never used last names in any of these cases. ___ Ultimately it comes down to actually getting out and meeting real people and developing friendships.
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AlcoHoDL
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Addicted to HoDLing!
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December 12, 2020, 12:00:14 AM |
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0.1 BTC or her for the night? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FhR0DBXc%2F280-DB477-32-E0-4-F65-A5-B9-2-AD0-BD38-C02-A.jpg&t=665&c=d4d1wfnfJTf_HQ) I wouldn't even touch her if you paid me. I guess we have a totally different sense of beauty. To me, this woman looks UGLY as hell. Those lips... So abnormally large, almost like a deformity-causing mutation. Yuck! Not a joke, I'm serious.
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explorer
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December 12, 2020, 12:09:30 AM |
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0.1 BTC or her for the night? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FhR0DBXc%2F280-DB477-32-E0-4-F65-A5-B9-2-AD0-BD38-C02-A.jpg&t=665&c=d4d1wfnfJTf_HQ) I wouldn't even touch her if you paid me. I guess we have a totally different sense of beauty. To me, this woman looks UGLY as hell. Those lips... So abnormally large, almost like a deformity-causing mutation. Yuck! Not a joke, I'm serious. She was just chasing parked cars. The swelling will go down in a few weeks.
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AlcoHoDL
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Addicted to HoDLing!
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Paying for pr0n is stupid, regardless of method. But to pay for pr0n with BTC, one has got to be Darwin-certified brain-dead.
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