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

[dreamspark]

There's compliance and then there's taking the piss. They've been asking for tax returns among other things.

I havent experienced that yet. Thats slightly concerning...

[dreamspark]

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.

It depends how you look at it, they arent asking for proof its just normal KYC stuff, it shows more compliance if anything. If you have nothing to hide it makes no difference and if you do then pay the premium and use an exchange that isnt compliant. BTC-e or localbitcoins etc.

Isnt that exactly the reason people get into crypto, because they have somthing to hide?

It's not the main reason. And a lot of people actually like this.

Then what would be the other reasons?

Are you for real ?

[p0peji]

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.

It depends how you look at it, they arent asking for proof its just normal KYC stuff, it shows more compliance if anything. If you have nothing to hide it makes no difference and if you do then pay the premium and use an exchange that isnt compliant. BTC-e or localbitcoins etc.

Isnt that exactly the reason people get into crypto, because they have somthing to hide?

It's not the main reason. And a lot of people actually like this.

Then what would be the other reasons?

Are you for real ?

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

[mmitech]

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.

It depends how you look at it, they arent asking for proof its just normal KYC stuff, it shows more compliance if anything. If you have nothing to hide it makes no difference and if you do then pay the premium and use an exchange that isnt compliant. BTC-e or localbitcoins etc.

Isnt that exactly the reason people get into crypto, because they have somthing to hide?

firstly, talk about your self, secondly, what are you hiding exactly or should I rephrase what do you think you are hiding ?

[dreamspark]

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

[p0peji]

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

I think we can agree to disagree.

[niothor]

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

That's very interesting and I agree, not conducive to increased adoption.
I wonder what the perma bulls (aminorex, risto) think of this.
Thanks Mat.

It depends how you look at it, they arent asking for proof its just normal KYC stuff, it shows more compliance if anything. If you have nothing to hide it makes no difference and if you do then pay the premium and use an exchange that isnt compliant. BTC-e or localbitcoins etc.

Isnt that exactly the reason people get into crypto, because they have somthing to hide?

It's not the main reason. And a lot of people actually like this.

Then what would be the other reasons?

Are you for real ?

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

You know why we had the April bubble...
What happened in Cyprus...

Now you have the main reason.

[niothor]

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

Now really... I don't have a clue who is trolling and who is just an idiot around here no more.

[mmitech]

I've thought over my trading history and realize 80%-90% if my profits are all made during new-ATH rallies and the huge crashes afterwards. I perform very poorly during bear markets and consolidations, and make bank during the rally/crash conditions, doubling my coins exponentially every week. So I should probably just make a resolution to only trade during those short 2-3 month time periods and then leave whenever there is a bear market. Maybe I use the 1W MACD to determine this.

Of course you do. Any mug can make gains when liquidity is pouring into the market. In a bear market when liquidity is being drained from the market, only those ballsy and disciplined enough to sell and buy the utmost extremities of the trend line will make money, other than that the odds are stacked against you and you are just whale fodder. I made most of my gains from Nov 20th onwards up until mid Dec (I sold high and got very lucky with buy-ins at near base of Dec 5th crash). Since then profits have been low and my recent max leveraged short trade that I opted to finally hold out on, got absolutely fkn slaughtered by the time I tapped out which takes me firmly into net loss territory since 2014.

Lesson learned. Same lesson as is occurring in your head and the same lesson that countless others have been taught. Don't trade a blatant bear market. The result of this is more and more liquidity leaves Bitcoin until the point where the splashes made by greedy whales become less and less pronounced due to less and less liquidity reacting to them. No ultimate bottoming out of any market entailed a 45% swing from bottom within a few days, not even a past Bitcoin bottom.

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

Bitstamp is not the police, they don't have the right to block or freeze your funds, they are protecting their asses and not yours, they are doing the casual checks when you reach a certain limit so when they ask you, just answer the question...because lets be honest, if they see something suspicious about your account activity they would report you right away..

[dreamspark]

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

I think we can agree to disagree.

No we can't.

What planet are you living on.

[mmitech]

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

I think we can agree to disagree.

No we can't.

What planet are you living on.

they will bust his ass, and he will be sorry for even trying... 

[p0peji]

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

I think we can agree to disagree.

No we can't.

What planet are you living on.

Moon, but nobody has heard of bitcoin here.

[niothor]

Yes, there is no upside to using bitcoins for whatever, besides tax evasion.

Hilarious, Im sure your trolling and if your not then you are beyond hope.

I think we can agree to disagree.

No we can't.

What planet are you living on.

Moon, but nobody has heard of bitcoin here.

Moon is not a planet , besides bitcoin is not going to the moon is heading for Mars

[TERA]

Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

[dreamspark]

Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.


Just funny how everytime we come to major trend lines some magic re hash of China bans Bitcoin springs out.

[TERA]

Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.

In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD???

By real I mean the article isn't a complete fabrication by a trader.

[EuroTrash]

Reminder to self: today I feel exactly like I felt that day.

96.89 at the moment of this writing.  

Whoever ass-manipulator is behind this, please keep going on with your bull trap setup. I can't care less. Most of my BTCs are in cold storage by now and definitely not for sale any time soon. Feel free to crash the market as many times as you wish. All you can have is a bit of my play money. Yes I bought BTC lower this morning and sold higher right now. 3 grand Euros in 7 hours. Feels good. They'll pay for a hell of a birthday party. Thanks for those.

Boy how green I was at the time, and how green I still am.

[niothor]

Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

Were there any news from China in the last months that were real?

[dreamspark]

Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.

In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD???

By real I mean the article isn't a complete fabrication by a trader.

Who knows, the majority of the news is badly translated and from questionable sources. It wouldn't suprise me if the majority of it is from traders and people with friends in the right places.

[mmitech]

Did anyone verify the chinese news today is real? I looked at the link and it was something something xxx ching chang.chong and I didn't want to go because it might be a virus.

It was just a rehash of whats already been said countless times. There hasnt been any news out of China since Dec 15th the situation is exactly the same now as it was then.

In other news the west seems to be overtaking China. There way of telling the Chinese they dont care for their FUD???

By real I mean the article isn't a complete fabrication by a trader.

Seriously, just few days ago PBOC had a public conference and journalists asked about Bitcoin, and the governor said : "PBOC Won’t Ban Bitcoin " ..... I did notice that each time the price goes up an article popup about china banning Bitcoin, the one from today said that they will do it after one week, in December they said they will do it on new years then February, then in March they said the 15th April... come on people.... played me once, shame on you, played me twice shame on me...

http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/