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

[El duderino_]

After a quick peak.... another hour into HODLsleep... still to early in Belgium atm, GF already up and making herself ready to work.

Damn she wakes up early.

[DaRude]

to whom it may concern

yes yall have finally shamed me into finishing setting up the gemini account i started years ago...

What KYC do they want? Is it passport, bank statement and utility bill scans?

started a few years ago (in 2017) so dont remember much. (then) they wanted password access to my the back account i wanted to link to (!!WTF!!) which stopped me dead in me tracks till i could give them an account i wound up making specifically for them and let them have that.

FECKING PASSWORD ACCESS TO YOUR BANK ACCOUNT?

Is that even legal? I bet most banks have a clause in their terms and conditions forbidding disclosure of your password to anyone.

I also remember something like this (also in 2017 or so), which was unusual. I wrote to them asking, basically, wtf?
The answer was that you enter the password on a special bank site, not on the Gemini site (all banks are integrated there) and the session is not recorded (right!!).
It is probably similar to how you can prove that the btc account is yours by signing a message.
Basically, they see that you were able to login, but they don't see the password as you login into your bank, essentially (or so they claim).
I think all they get from the session is the record that you were able to login into the account you claim to be the owner of.
The explanation was that this gives them confidence that the bank account is actually yours and you can control it.
I did it, but then had to wait at least 3 weeks for approval.
The only reason I initiated it in the first place was because at that time they had no limits (at least no discernible limits) on withdrawals and you can trade immediately after you initiate the deposit, which Coinbase did not have at the time.

Well you think wrong, care to try again? Don't think/trust, verify.

Information we collect from your financial accounts. The information we receive from the financial product and service providers that maintain your financial accounts varies depending on the specific Plaid services developers use to power their applications, as well as the information made available by those providers. But, in general, we collect the following types of identifiers, commercial information, and other personal information from your financial product and service providers:

    Account information, including financial institution name, account name, account type, account ownership, branch number, IBAN, BIC, and account and routing number;

    Information about an account balance, including current and available balance;

    Information about credit accounts, including due dates, balances owed, payment amounts and dates, transaction history, credit limit, repayment status, and interest rate;

    Information about loan accounts, including due dates, repayment status, balances, payment amounts and dates, interest rate, guarantor, loan type, payment plan, and terms;

    Information about investment accounts, including transaction information, type of asset, identifying details about the asset, quantity, price, fees, and cost basis;

    Identifiers and information about the account owner(s), including name, email address, phone number, date of birth, and address information;

    Information about account transactions, including amount, date, payee, type, quantity, price, location, involved securities, and a description of the transaction; and

    Professional information, including information about your employer, in limited cases where you’ve connected your payroll accounts.

    The data collected from your financial accounts includes information from all your accounts (e.g., checking, savings, and credit card) accessible through a single set of account credentials.

    Information we receive from your devices. When you use your device to connect to our services through a developer’s application, we receive identifiers and electronic network activity information about that device, including IP address, hardware model, operating system, which features within our services you access, and other technical information about the device. We also use cookies or similar tracking technologies to collect usage statistics and to help us provide and improve our services. You can find more information about how we use cookies and your related choices in our Cookie Policy.

    Information we receive about you from other sources. We also receive identifiers and commercial information about you directly from the relevant developer or other third parties, including our service providers, bank partners, and identity verification services. For example, developers may provide information such as your full name, email address, phone number, or information about your financial accounts and account transactions.

    Inferences we derive from the data we collect. We may use the information we collect about you to derive inferences. For example, we may infer your location or your projected income based on the information we have collected about you from other sources.

https://plaid.com/legal/#information-we-collect-and-categories-of-sources

Though bitcoiners are not supposed to be so naïve, now you have to burn that account, then step away from your computer, pour gasoline all over it and set it on fire too!

[Biodom]

to whom it may concern

yes yall have finally shamed me into finishing setting up the gemini account i started years ago...

What KYC do they want? Is it passport, bank statement and utility bill scans?

started a few years ago (in 2017) so dont remember much. (then) they wanted password access to my the back account i wanted to link to (!!WTF!!) which stopped me dead in me tracks till i could give them an account i wound up making specifically for them and let them have that.

FECKING PASSWORD ACCESS TO YOUR BANK ACCOUNT?

Is that even legal? I bet most banks have a clause in their terms and conditions forbidding disclosure of your password to anyone.

I also remember something like this (also in 2017 or so), which was unusual. I wrote to them asking, basically, wtf?
The answer was that you enter the password on a special bank site, not on the Gemini site (all banks are integrated there) and the session is not recorded (right!!).
It is probably similar to how you can prove that the btc account is yours by signing a message.
Basically, they see that you were able to login, but they don't see the password as you login into your bank, essentially (or so they claim).
I think all they get from the session is the record that you were able to login into the account you claim to be the owner of.
The explanation was that this gives them confidence that the bank account is actually yours and you can control it.
I did it, but then had to wait at least 3 weeks for approval.
The only reason I initiated it in the first place was because at that time they had no limits (at least no discernible limits) on withdrawals and you can trade immediately after you initiate the deposit, which Coinbase did not have at the time.

Well you think wrong, care to try again? Don't think/trust, verify.

Information we collect from your financial accounts. The information we receive from the financial product and service providers that maintain your financial accounts varies depending on the specific Plaid services developers use to power their applications, as well as the information made available by those providers. But, in general, we collect the following types of identifiers, commercial information, and other personal information from your financial product and service providers:

    Account information, including financial institution name, account name, account type, account ownership, branch number, IBAN, BIC, and account and routing number;

    Information about an account balance, including current and available balance;

    Information about credit accounts, including due dates, balances owed, payment amounts and dates, transaction history, credit limit, repayment status, and interest rate;

    Information about loan accounts, including due dates, repayment status, balances, payment amounts and dates, interest rate, guarantor, loan type, payment plan, and terms;

    Information about investment accounts, including transaction information, type of asset, identifying details about the asset, quantity, price, fees, and cost basis;

   <culled down the info in the post for space reasons>

Though bitcoiners are not supposed to be so naïve, now you have to burn that account, then step away from your computer, pour gasoline all over it and set it on fire too!

Good info, but not really relevant as I am sure all my regular payment information is already widely available within the financial system.
I use credit cards, so if someone wants to see what I spend on, they already can.
Regarding my crypto dealings all this does is to inform someone that i sent a few deposits to coinbase and gemini. Not very important.
In other words, everything that you described is already there via gazillion of info aggregators that are plugged in into the financial system.
But, thanks for reminding me one more time how much under the microscope we all are.
Ever wonder , how come after mentioning "vacuum cleaner" in your text or on a Facebook page, suddenly you are bombarded with vacuum cleaners everywhere, even on btctalk?
Do I like it? Not in the slightest, but learned to mostly ignore it.

[vapourminer]

If you are unable to link your bank account via Plaid or prefer not using your online banking credentials to register your bank account, please exit the screen and navigate to Manually link bank and input your wire information. Once your bank account information is set up, you can complete the bank verification process with a successful wire deposit into your account.

https://support.gemini.com/hc/en-us/articles/115004691043-How-do-I-fund-my-Gemini-Account-

or go the hardway and create a burner bank account like vapourminer

wonder if that was an option back in 2017.

either way i would rather have separate accounts for exchanges.

i figure at this point all my finances are well known to banks and whatnot anyway. they have too many ways to link everything anyway. not that i like that of course. and im no where smart enough to get around that stuff anyway.

[DaRude]

...

Good info, but not really relevant as I am sure all my regular payment information is already widely available within the financial system.
I use credit cards, so if someone wants to see what I spend on, they already can.
Regarding my crypto dealings all this does is to inform someone that i sent a few deposits to coinbase and gemini. Not very important.
In other words, everything that you described is already there via gazillion of info aggregators that are plugged in into the financial system.
But, thanks for reminding me one more time how much under the microscope we all are.
Ever wonder , how come after mentioning "vacuum cleaner" in your text or on a Facebook page, suddenly you are bombarded with vacuum cleaners everywhere, even on btctalk?
Do I like it? Not in the slightest, but learned to mostly ignore it.

Well it's one thing for financials institutions to have your transaction history and it's another when marketers do. Plus i'm not sure if it's a one time thing or they continue pulling/monitoring your transactions indefinitely? Then when those databases leak online and we can see all of your transactions history for past X years you can't bitch at anyone because you gave away your creds yourself.
You buy one green dildo online and then the forum is littered with green dildos?

Privacy takes effort, you either go with the flow with the path of least resistance, or you use tor, private/incognito modes and drop facebook etc...

[DaRude]

If you are unable to link your bank account via Plaid or prefer not using your online banking credentials to register your bank account, please exit the screen and navigate to Manually link bank and input your wire information. Once your bank account information is set up, you can complete the bank verification process with a successful wire deposit into your account.

https://support.gemini.com/hc/en-us/articles/115004691043-How-do-I-fund-my-Gemini-Account-

or go the hardway and create a burner bank account like vapourminer

wonder if that was an option back in 2017.

either way i would rather have separate accounts for exchanges.

i figure at this point all my finances are well known to banks and whatnot anyway. they have too many ways to link everything anyway. not that i like that of course. and im no where smart enough to get around that stuff anyway.

Probably always was, no way they had an API for every single little bank, must always have a manual back up process. Banks have at least some responsibility to safeguard your transaction data, some marketing company leaking their databases online/selling it to highest bidder, not so much.

[Wekkel]

Where is that $14k dip they promised me?  

[Tash]

Where is that $14k dip they promised me?  

Have Patience,  January just around the corner. Capital gains tax fix needs to be completed first.

[AlcoHoDL]

Where is that $14k dip they promised me?  

That would be awesome. I'm stuck with a fat amount of fiat in the bank. I'm tempted to buy some corn now, but also thinking of keeping it as a buffer for emergencies and if some immediate need arises. We (still) live in a fiat world. Dipping to $14k would surely resolve my dilemma.

I'm sure I'm going to bitterly regret this when I read this post a year from now...

[FullNode]

$27B British asset manager Ruffer Investment makes a $15 million Bitcoin bet
Ruffer Investment has revealed that it purchased $15 million worth of Bitcoin in November via one of its multi-strategies funds.
The company views the Bitcoin bet as an insurance policy against currency devaluation.

https://www.crypto-news-flash.com/27b-british-asset-manager-ruffer-investment-makes-a-15-million-bitcoin-bet/

[Phil_S]

Choo choo

[marcus_of_augustus]

... everyone seated and ready?

4 3 years to the day since they turned on the CME BTC futures scam ... just saying, think about it, dyor.

[BobLawblaw]

IT'S WORKING !

[explorer]

Back to 19666 at Bitstamp 

[soullyG]

Hmm let's see if this works

[bitcoinPsycho]

[BobLawblaw]

Hmm let's see if this works

Holy crap ! $100 jump on that post.

Wonder if this is gonna do anything...

[Phil_S]

Back to 19666 at Bitstamp 

And it's almost 3-year aniversary of 19666. 

[soullyG]

Let the magic continue

[soullyG]

Wow this takes me back, I remember watching the slaying of the bear-whale live!

Moment of remembrance to The BearWhale who sold 30,000 $BTC @ $300.
Look at that sell wall.

https://twitter.com/i/status/1339038633710374912