rpietila Wall Observer - the Quality TA Thread ;)

[Dotto]

We more people feeling like this, the sooner and bigger the breakthrought. C'mon pink, spread some more FUD

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[zimmah]

You're here from this february young noobie

wait with calm  


A little longer than February  

Bitcoin is doing fine, it has been below long-term trend for months before and it will happen much more often, but it will eventually return to the trend and even overshoot before collapsing below trend again.

I wouldn't worry too much about it, it may take a few more months but we'll likely get close to 5 figures before the end of the year.

[rpietila]

Now the problem is how to be able to invest when the coin is cheap.

No, forget about that. You told that you are already nearly fully invested. Keep the rest as a cushion.

Planning how practically to execute the sale of the bitcoins is also important. You cannot suddenly repatriate millions of dollars to your bank for example (the limit of "suspicious activity" may be much smaller such as $5k!).

[molecular]

It's especially frustrating because I'm NEARLY fully invested in so I'd really like to get the best value for my last investment FOR ONCE. I know im reasoning short term, but I'm sure I could have done better.

My advice would be to wait for bitcoin to hit $100. Then you get a reasonable value for your last dollars.

Before choking, listen to the reasoning: Bitcoin is going to incredible heights. If you go all-in now and the price goes down, or stays at this level for any longer time, you are tempted to sell at a loss. If it goes up, you are tempted to sell at least a part of your position way too early. If you wait until it hits $100 (which it doesn't), then your attitude is always that "I could have bought more coins, but didn't, so I have to hold on to the ones I have". That way you don't sell out too cheaply, and in the end make both more dollars and bitcoins.

And if it crashes hard, at least you still have some cash 

rpietila, I commend you for your mastery of managing ones own psychology.

[molecular]

It's especially frustrating because I'm NEARLY fully invested in so I'd really like to get the best value for my last investment FOR ONCE. I know im reasoning short term, but I'm sure I could have done better.

My advice would be to wait for bitcoin to hit $100. Then you get a reasonable value for your last dollars.

Before choking, listen to the reasoning: Bitcoin is going to incredible heights.

I think I have just about lost all faith in BTC going to incredible heights. Seems like adoption has slowed & there are too many attempts to stifle it.

That's actually a good thing

[Biodom]

Now the problem is how to be able to invest when the coin is cheap.

Planning how practically to execute the sale of the bitcoins is also important. You cannot suddenly repatriate millions of dollars to your bank for example (the limit of "suspicious activity" may be much smaller such as $5k!).

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

[okthen]

Now the problem is how to be able to invest when the coin is cheap.

No, forget about that. You told that you are already nearly fully invested. Keep the rest as a cushion.

Planning how practically to execute the sale of the bitcoins is also important. You cannot suddenly repatriate millions of dollars to your bank for example (the limit of "suspicious activity" may be much smaller such as $5k!).

I just posted a thread asking about this: I'm a very small owner of BTC, but when it is worth a lot I'll want to have some cash. What are the best countries to receive the money from exchanges?

Would withdrawing $1000 or so per day not be considered "suspicious activity" as well? I fear that even the smallest amount could be heavily taxed...

[molecular]

Now the problem is how to be able to invest when the coin is cheap.

No, forget about that. You told that you are already nearly fully invested. Keep the rest as a cushion.

Planning how practically to execute the sale of the bitcoins is also important. You cannot suddenly repatriate millions of dollars to your bank for example (the limit of "suspicious activity" may be much smaller such as $5k!).

I just posted a thread asking about this: I'm a very small owner of BTC, but when it is worth a lot I'll want to have some cash. What are the best countries to receive the money from exchanges?

Would withdrawing $1000 or so per day not be considered "suspicious activity" as well? I fear that even the smallest amount could be heavily taxed...

When Bitcoin is worth a lot, maybe you wont have to (want to) "cash out" any more? What do you think are the circumstances for Bitcoin to be worth say $100,000. I don't think it'd be sensible, maybe not even feasable, to exchange for cash since either everyone will accept BTC or noone will want any USD, or both.

[Biodom]

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

Are you sure that you are not exaggerating anything here? Wouldn't that completely impede the capital movement, which is a large %% of economy?
If what you are writing is true, then i understand where Cyprus came from.

[okthen]

Now the problem is how to be able to invest when the coin is cheap.

No, forget about that. You told that you are already nearly fully invested. Keep the rest as a cushion.

Planning how practically to execute the sale of the bitcoins is also important. You cannot suddenly repatriate millions of dollars to your bank for example (the limit of "suspicious activity" may be much smaller such as $5k!).

I just posted a thread asking about this: I'm a very small owner of BTC, but when it is worth a lot I'll want to have some cash. What are the best countries to receive the money from exchanges?

Would withdrawing $1000 or so per day not be considered "suspicious activity" as well? I fear that even the smallest amount could be heavily taxed...

When Bitcoin is worth a lot, maybe you wont have to (want to) "cash out" any more? What do you think are the circumstances for Bitcoin to be worth say $100,000. I don't think it'd be sensible, maybe not even feasable, to exchange for cash since either everyone will accept BTC or noone will want any USD, or both.

I agree with you to a certain extent, and I would definitely never sell more than a small portion of my hodlings. For sure this would be the case if we're talking about btc stable at say $100.000. But there might be a much earlier bubble peaking at that amount, and maybe some money would be nice (even necessary) to survive meanwhile, before bitcoin is truly widespread...

[Biodom]

Now the problem is how to be able to invest when the coin is cheap.

No, forget about that. You told that you are already nearly fully invested. Keep the rest as a cushion.

Planning how practically to execute the sale of the bitcoins is also important. You cannot suddenly repatriate millions of dollars to your bank for example (the limit of "suspicious activity" may be much smaller such as $5k!).

I just posted a thread asking about this: I'm a very small owner of BTC, but when it is worth a lot I'll want to have some cash. What are the best countries to receive the money from exchanges?

Would withdrawing $1000 or so per day not be considered "suspicious activity" as well? I fear that even the smallest amount could be heavily taxed...

When Bitcoin is worth a lot, maybe you wont have to (want to) "cash out" any more? What do you think are the circumstances for Bitcoin to be worth say $100,000. I don't think it'd be sensible, maybe not even feasable, to exchange for cash since either everyone will accept BTC or noone will want any USD, or both.

I agree with you to a certain extent, and I would definitely never sell more than a small portion of my hodlings. For sure this would be the case if we're talking about btc stable at say $100.000. But there might be a much earlier bubble peaking at that amount, and maybe some money would be nice (even necessary) to survive meanwhile, before bitcoin is truly widespread...

Prices at $100K-1mil are just a dream that might never materialize.
however SSS plan is very sensible
https://bitcointalk.org/index.php?topic=345065.0

[pinksheep]

Would withdrawing $1000 or so per day not be considered "suspicious activity" as well? I fear that even the smallest amount could be heavily taxed...
[/quote]

I would have thought that all BTC profits would be taxed whether you withdraw $1,000 a day or the whole lot at once?

[BitchicksHusband]

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

I personally try to keep my local bank account balance as close to zero as possible, I move money into it so I have enough to pay bills and expenses the coming month and that's it. No way I'm trusting those fascist control-freaks with anything more than strictly required. You can not pay rent or utility bills with cryptocurrency and it is also not possible to use cash for that anymore so I have to use banks to some extent (you can go to a bank and pay bills cash at a outrageous fee but they demand you show your ID and waste half an hour asking you stupid questions about it because it's such suspicious).

Was this in the US?  Or what country?

[frienemy]

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

I personally try to keep my local bank account balance as close to zero as possible, I move money into it so I have enough to pay bills and expenses the coming month and that's it. No way I'm trusting those fascist control-freaks with anything more than strictly required. You can not pay rent or utility bills with cryptocurrency and it is also not possible to use cash for that anymore so I have to use banks to some extent (you can go to a bank and pay bills cash at a outrageous fee but they demand you show your ID and waste half an hour asking you stupid questions about it because it's such suspicious).

Was this in the US?  Or what country?

Bolded the important part for you

[BitChick]

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

I personally try to keep my local bank account balance as close to zero as possible, I move money into it so I have enough to pay bills and expenses the coming month and that's it. No way I'm trusting those fascist control-freaks with anything more than strictly required. You can not pay rent or utility bills with cryptocurrency and it is also not possible to use cash for that anymore so I have to use banks to some extent (you can go to a bank and pay bills cash at a outrageous fee but they demand you show your ID and waste half an hour asking you stupid questions about it because it's such suspicious).

Was this in the US?  Or what country?

Bolded the important part for you

I was going to tell him but it is better if it doesn't come from the wife!

[isov]

This latest drop doesn't seem so bad. Looks like it's still staying above long term downtrend lines, atleast if you don't use log chart.

[pinksheep]

We more people feeling like this, the sooner and bigger the breakthrought. C'mon pink, spread some more FUD

Why are people accused of spreading FUD if they make even a slightly negative comment about BTC's future? I didn't even know what FUD was until recently - had to google it.

[wachtwoord]

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

I personally try to keep my local bank account balance as close to zero as possible, I move money into it so I have enough to pay bills and expenses the coming month and that's it. No way I'm trusting those fascist control-freaks with anything more than strictly required. You can not pay rent or utility bills with cryptocurrency and it is also not possible to use cash for that anymore so I have to use banks to some extent (you can go to a bank and pay bills cash at a outrageous fee but they demand you show your ID and waste half an hour asking you stupid questions about it because it's such suspicious).

Was this in the US?  Or what country?

Bolded the important part for you

I was going to tell him but it is better if it doesn't come from the wife!

Haha, that's great!

[frienemy]

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

I personally try to keep my local bank account balance as close to zero as possible, I move money into it so I have enough to pay bills and expenses the coming month and that's it. No way I'm trusting those fascist control-freaks with anything more than strictly required. You can not pay rent or utility bills with cryptocurrency and it is also not possible to use cash for that anymore so I have to use banks to some extent (you can go to a bank and pay bills cash at a outrageous fee but they demand you show your ID and waste half an hour asking you stupid questions about it because it's such suspicious).

Was this in the US?  Or what country?

Bolded the important part for you

I was going to tell him but it is better if it doesn't come from the wife!

Always happy when I can save a marriage I bet your marriage longterm trendline points upwards, but make sure it's not this way: http://xkcd.com/605/

[BitChick]

I am not sure what you are talking about. Surely, exchanging money between bank and brokerage or between bank and coinbase is NOT a "suspicious" activity.
I think that coinbase undergoes full KYC/AML vetting procedure (takes a month).

This depends on your country, bank and degree of fascism you are subject to. Here in Sweden, for example, the banks view "activity" as "suspicious" until you prove otherwise and doing so is not that easy.

I have a Norwegian neighbor who is in her 70s. She has saved up quite a lot of money during her long life. She tried moving some of her money from her Norwegian account to the local bank. They froze her account and demanded all kinds of statements. It was apparently not enough to show that she bought a big fancy house in the 1990s and sold it before moving to an apartment here mid 2000s. Where did she get the money for that house? By selling another house when she moved at that time. But the documents for that was not enough. No, where did she get the money for the house she had way back in the 1970s? And so on. She eventually gave up and closed her local bank accounts.

It does not matter if you made your money legally or not, all bank activity is now "suspicious".

I personally try to keep my local bank account balance as close to zero as possible, I move money into it so I have enough to pay bills and expenses the coming month and that's it. No way I'm trusting those fascist control-freaks with anything more than strictly required. You can not pay rent or utility bills with cryptocurrency and it is also not possible to use cash for that anymore so I have to use banks to some extent (you can go to a bank and pay bills cash at a outrageous fee but they demand you show your ID and waste half an hour asking you stupid questions about it because it's such suspicious).

Was this in the US?  Or what country?

Bolded the important part for you

I was going to tell him but it is better if it doesn't come from the wife!

Always happy when I can save a marriage I bet your marriage longterm trendline points upwards, but make sure it's not this way: http://xkcd.com/605/

One husband is quite enough for any woman!   

And why in the world would any man want more than one woman!?  That is the question I have always had for polygamists!