More much needed clarification on money transmitting coming from the State level. #dyor
https://www.dob.texas.gov/public/uploads/files/consumer-information/sm1037.pdf
https://www.dobs.pa.gov/Documents/Securities%20Resources/MTA%20Guidance%20for%20Virtual%20Currency%20Businesses.pdf
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11818. (Read 26715566 times)
January 23, 2019, 02:15:21 PM
January 23, 2019, 02:12:42 PM
I think so too. Looking forward to the 100K party already. 
January 23, 2019, 02:03:33 PM
I think so too. Looking forward to the 100K party already.
January 23, 2019, 02:01:33 PM
LFC encouraged me to step by, so I figured I had to take a look 
It can be boring in periods of sideways price action but there are some clued up posters in here, some good chart analysis but best of all when we’re in an epic bull run this place is great
The memes, the happiness is really something.
Here’s to the next epic bull run, probably 6-12 months after the next halvening
You have sunk to the low levels of scheduling our next bull run.
I am sad.Come on JJG, pull up a stool. I’m waiting for you at the bar
True... I am just giving you a bit of shit about your scheduling of our next "epic."
By the way, I don't want to be party poop, but even though I agree with your that there are really decent odds that the next epic is going to take place on or before your scheduled timeframe.. (probably odds in the 60% arena..), I hope that you (and everyone else) are (is) psychologically and financially prepared in the event that it does not happen?
I have my own business, I’m comfortable (not rich) financially. I just see bitcoin as my way out of you know what I mean.
My way out of having a mortgage, running my business, employing people, working 7 days a week.
I’ll be fine if bitcoin doesn’t moon but I’ll be a hell of a lot happier if it does.
For the record - My savings (net worth) is much more bitcoin than fiat heavy. I know it’s stupid but it’s a risk I’m willing to take.
We're in a similar boat. I'm the General Manager of our family business. I make good money, am largely my own boss, etc. However, it still sucks. It's work, can be stressful, the hours can be long, and it is definitely not how I would be spending most of my time, given the choice.
Also, my BTC bags are much heavier too. The way I see it, when BTC explodes again, I retire. Or it doesn't, and I have to keep being a working stiff til I'm 62+, like everyone else.
If my bags were primarily in fiat and other investments, I would be working til I'm 62+. And then if Bitcoin explodes, I'd just have a slightly more comfortable retirement.
Our situations sound close to identical info. I’m in my early 30’s, I’ve always hated structure, always had a bit of a sense of entitlement. I really don’t want to work until my 60’s but I will if I have to.
I think everything will be OK though, bitcoin will moon & we’ll all be laughing.
January 23, 2019, 01:57:41 PM
LFC encouraged me to step by, so I figured I had to take a look
It can be boring in periods of sideways price action but there are some clued up posters in here, some good chart analysis but best of all when we’re in an epic bull run this place is great
The memes, the happiness is really something.
Here’s to the next epic bull run, probably 6-12 months after the next halvening
You have sunk to the low levels of scheduling our next bull run.
I am sad.Come on JJG, pull up a stool. I’m waiting for you at the bar
True... I am just giving you a bit of shit about your scheduling of our next "epic."
By the way, I don't want to be party poop, but even though I agree with your that there are really decent odds that the next epic is going to take place on or before your scheduled timeframe.. (probably odds in the 60% arena..), I hope that you (and everyone else) are (is) psychologically and financially prepared in the event that it does not happen?
I have my own business, I’m comfortable (not rich) financially. I just see bitcoin as my way out of you know what I mean.
My way out of having a mortgage, running my business, employing people, working 7 days a week.
I’ll be fine if bitcoin doesn’t moon but I’ll be a hell of a lot happier if it does.
For the record - My savings (net worth) is much more bitcoin than fiat heavy. I know it’s stupid but it’s a risk I’m willing to take.
We're in a similar boat. I'm the General Manager of our family business. I make good money, am largely my own boss, etc. However, it still sucks. It's work, can be stressful, the hours can be long, and it is definitely not how I would be spending most of my time, given the choice.
Also, my BTC bags are much heavier too. The way I see it, when BTC explodes again, I retire. Or it doesn't, and I have to keep being a working stiff til I'm 62+, like everyone else.
If my bags were primarily in fiat and other investments, I would be working til I'm 62+ anyway. And then if Bitcoin exploded, I'd just have a slightly more comfortable retirement.
The way I see it, I'm betting a bit of possible retirement comfort for the opportunity to retire 20+ years earlier. Seems like a reasonable bet to me.
January 23, 2019, 01:46:15 PM
LFC encouraged me to step by, so I figured I had to take a look
It can be boring in periods of sideways price action but there are some clued up posters in here, some good chart analysis but best of all when we’re in an epic bull run this place is great
The memes, the happiness is really something.
Here’s to the next epic bull run, probably 6-12 months after the next halvening
You have sunk to the low levels of scheduling our next bull run.
I am sad.Come on JJG, pull up a stool. I’m waiting for you at the bar
True... I am just giving you a bit of shit about your scheduling of our next "epic."
By the way, I don't want to be party poop, but even though I agree with your that there are really decent odds that the next epic is going to take place on or before your scheduled timeframe.. (probably odds in the 60% arena..), I hope that you (and everyone else) are (is) psychologically and financially prepared in the event that it does not happen?
I have my own business, I’m comfortable (not rich) financially. I just see bitcoin as my way out of you know what I mean.
My way out of having a mortgage, running my business, employing people, working 7 days a week.
I’ll be fine if bitcoin doesn’t moon but I’ll be a hell of a lot happier if it does.
For the record - My savings (net worth) is much more bitcoin than fiat heavy. I know it’s stupid but it’s a risk I’m willing to take.
January 23, 2019, 01:45:08 PM
So what's the deal with Coinbase limits? I logged in after a while and I'm limited to $200 per day transfer from my bank account.
I have everything verified. How do I request an increase?
I have everything verified. How do I request an increase?
I just checked my pro.coinbase.com limits. No change. Still... large.
On the upper right pulldown, there should be a link to the 'Limits' page. On that page is a link:
"To be considered for higher withdrawal limits, please request to increase limits."
While that takes you to a form specifically for withdrawal limits, it has a free-text box where you could conceivably clarify your request. Might be a quicker route than [email protected].
January 23, 2019, 01:40:50 PM
On an unrelated side note. It's quite interesting how the subsets of shared opinion holders on this thread seem to go through all possible permutations.
a bit like machine learning
+1 WOsMerit
sometimes, after reading WO thread
+1WOsMerit
Interesting read: “Quantum Narratives” by Dan Held https://link.medium.com/0lIe5QiyIT
+1 WOsMerit
Cat states and Wigner functions.
https://physicsworld.com/a/entangled-light-matter-creates-schrodinger-cat-states/
------------
So what's the deal with Coinbase limits? I logged in after a while and I'm limited to $200 per day transfer from my bank account.
I have everything verified. How do I request an increase?
I have everything verified. How do I request an increase?
https://support.pro.coinbase.com/customer/en/portal/articles/2945311-limits
January 23, 2019, 01:40:00 PM
McAfee for president 2020.
McAfee claims he has been indicted by U.S. tax authorities and plans to run his campaign from a boat in international waters.
https://cointelegraph.com/news/mcafee-to-lead-2020-presidential-campaign-in-exile-after-alleged-irs-indictment
How we will run my campaign in exile:
https://twitter.com/officialmcafee/status/1087891254875168768
McAfee claims he has been indicted by U.S. tax authorities and plans to run his campaign from a boat in international waters.
https://cointelegraph.com/news/mcafee-to-lead-2020-presidential-campaign-in-exile-after-alleged-irs-indictment
How we will run my campaign in exile:
https://twitter.com/officialmcafee/status/1087891254875168768
He looks really coked out on that video.
You imagine, McAfee and company, on the yacht at night in international waters....., better not to think about it, we will wait BTC 100k.
January 23, 2019, 01:35:18 PM
yup
January 23, 2019, 01:33:58 PM
LFC encouraged me to step by, so I figured I had to take a look
It can be boring in periods of sideways price action but there are some clued up posters in here, some good chart analysis but best of all when we’re in an epic bull run this place is great
The memes, the happiness is really something.
Here’s to the next epic bull run, probably 6-12 months after the next halvening
You have sunk to the low levels of scheduling our next bull run.
I am sad.Come on JJG, pull up a stool. I’m waiting for you at the bar
True... I am just giving you a bit of shit about your scheduling of our next "epic."
By the way, I don't want to be party poop, but even though I agree with your that there are really decent odds that the next epic is going to take place on or before your scheduled timeframe.. (probably odds in the 60% arena..), I hope that you (and everyone else) are (is) psychologically and financially prepared in the event that it does not happen?
January 23, 2019, 01:33:13 PM
Elwar
Why don’t you lease a boat for 18 months?
https://www.boatbureau.com/boat-rentals-thailand/
Maybe you can do some sort of long term deal because those are silly short term prices.
Buy when the market bounces back.
Why don’t you lease a boat for 18 months?
https://www.boatbureau.com/boat-rentals-thailand/
Maybe you can do some sort of long term deal because those are silly short term prices.
Buy when the market bounces back.
Any time I've checked out boat rentals you can usually buy the boat for about 4 to 6 months of rental.
I'm planning on buying a cheap $10k small boat now then buy something better later. It just needs to float and get me 12 nautical miles. We're also in high season here so all the boat prices are more expensive.
Always buy boats AFTER high season. ANyways $10K is cheap enough to not deserve much consideration I guess.
We ought to make sure not to forget how things used to be, or at least could have been. If we really are the new 1%, then that comes with obligations. Let's not misuse our newfound power.
Looks to me like there are already those picking up the current 1%'s attitudes.
I bet the sociologists love this thread.
Perfect example of a fake news clickbait site.
January 23, 2019, 01:25:34 PM
LFC encouraged me to step by, so I figured I had to take a look
It can be boring in periods of sideways price action but there are some clued up posters in here, some good chart analysis but best of all when we’re in an epic bull run this place is great
The memes, the happiness is really something.
Here’s to the next epic bull run, probably 6-12 months after the next halvening
You have sunk to the low levels of scheduling our next bull run.
I am sad.Come on JJG, pull up a stool. I’m waiting for you at the bar
Let’s discuss the next halvening & subsequent bull run
January 23, 2019, 01:18:41 PM
LFC encouraged me to step by, so I figured I had to take a look
It can be boring in periods of sideways price action but there are some clued up posters in here, some good chart analysis but best of all when we’re in an epic bull run this place is great
The memes, the happiness is really something.
Here’s to the next epic bull run, probably 6-12 months after the next halvening
You have sunk to the low levels of scheduling our next bull run.
I am sad. 
January 23, 2019, 01:12:19 PM
According to a survey conducted by Bitwise (who made an ETF proposal 2 weeks ago), 58% of US investors would prefer to invest in BTC via an ETF.
https://www.newsbtc.com/2019/01/23/58-of-us-investors-would-invest-in-bitcoin-via-etf-major-hedge-fund/
"the survey saw participation from 150 financial advisors in the US market. When asked what would make them allocate Bitcoin in their client portfolios, 54% of them said “better regulations” and 35% said “the launch of an ETF.”
This is from Bitwise :
https://offthechain.substack.com/p/crypto-etf-101
https://www.newsbtc.com/2019/01/23/58-of-us-investors-would-invest-in-bitcoin-via-etf-major-hedge-fund/
"the survey saw participation from 150 financial advisors in the US market. When asked what would make them allocate Bitcoin in their client portfolios, 54% of them said “better regulations” and 35% said “the launch of an ETF.”
This is from Bitwise :
https://offthechain.substack.com/p/crypto-etf-101
January 23, 2019, 01:02:53 PM
The price...
FML
May is too far away. I need to buy a few things now.
I guess I convert from my US dollars to bitcoins to baht instead of just selling at these prices.
FML
May is too far away. I need to buy a few things now.
I guess I convert from my US dollars to bitcoins to baht instead of just selling at these prices.
I am sorry to hear that Elwar.
I had rather assumed that you, chasing your dreams with such abandon, were well and truly set up from the previous runups.
Perhaps you are more courageous than I realized.
I don't understand any clear explanation regarding how someone like Elwar could be doing very badly, unless there is some part of the story that is left out.
Seems to me that he made a really BIG gamble when BTC prices were in the $500s and even overleveraged into BTC, but why wouldn't that overleveraging have paid off, even if he has to shave off some BTC from time to time in order to cover expenses and even if he is only getting 6x or 7x returns rather than 30x?
Any of us who chose to place a very large amount of our total reserves into bitcoin is going to have to cash out from time to time because the world remains run on fiat and priced in fiat, at least expected for a considerable time into the future.
Personally, I believe that it remains much more prudent to have some of your cashflow figured out in fiat for 6-12 months in advance - and if bear trends continue for longer, then the next plan is going to involve dipping into bitcoin, especially if you have caused such a situation in your own way of keeping a large amount of your total value in BTC.
So far in BTC's history, such a plan to keep a large amount of value in BTC will have worked for a large number of folks, if they front load, and if their cashing out plan has at least a few years. Actually, if there was front loading in late 2013 in the supra $1k price territory, it would have taken 4 years to get into the break even territory, but then to really prosper after that, as long as there was an ability to hang on for a bit longer.
Who knows if such plans to frontload and to have 3-4 year plus timelines will continue to pay off in bitcoin in the coming years? Does seem that odds remain decently well in such plans and practices continuing to be quite profitable, even though risky, but there likely could be a need to have several years in the personal plan's timeline in order to be able to really insure that the reaping of benefits is going to be profitable without being forced to withdraw too much of the value during low price periods.
I need to buy a boat soon...I don't want to sell at the bottom.
I have cash set aside that I can live on through 2020...but not "I can buy a sail boat" cash...puts me closer to living through 2019.
Then again...on the seastead I will only need to pay for food that I don't catch. And about $12 for Internet each month.
No property taxes, electric, water...
Occassional propane and gasoline re-fill. So maybe I am putting myself to 2025 funds...
There is surely a timing thing, and a gamble about whether you get more bang for your bitcoin by waiting and whether it is worth it to wait. Either way, when you are cashing out of your bitcoin for the BIG expenses (such as the boat), you are still cashing out at considerable profits - its just a matter of whether it might be a bit more prudent to wait a bit longer (and whether you feel that you are ready, willing and able to wait).
I personally, had some building expenses that came due after the BTC price dropped below $6k, and there is only so much that I can do in order to NOT cash out some BTC to pay for some of the expenses. It remains a bit nerve racking because I personally had a fiat cushion that was clearly able to pay for a decent portion of my BIG expenses, but if I spent all my fiat to pay those expenses, then I would be left without any fiat reserves (which is always a practice of mine to keep a decent amount of reserves in order to be able to buy more BTC if the price goes down to levels that are quite likely to be bargain basement levels).
So, yeah, each of our situations are different, and for me, with the passage of time, I continue to have fiat coming in from various income sources (and traditional investments) and I can stack away the fiat to become more and more and more, so if the BTC price stays down, then I pretty much buy back most if not all the BTC that I sold at less preferable prices.
I had kind of placed you in the category of going "too much 'in' " bitcoin, and therefore, you might not have safeguarded enough of your fiat flow. Surely, that is for you to determine, but if anyone attempts to go too much in bitcoin, then the downwards volatility is going to stress them out a whole hell of a lot more than someone who has preserved some of the fiat value (and/or fiat cashflow to account for expenses in the coming 6-12 months).
January 23, 2019, 01:02:13 PM
January 23, 2019, 01:00:30 PM
Quote from: Martin Niemoller
First they came for the communists, and I did not speak out - because I was not a communist;
Then they came for the socialists, and I did not speak out - because I was not a socialist;
Then they came for the trade unionists, and I did not speak out - because I was not a trade unionist;
Then they came for the Jews, and I did not speak out - because I was not a Jew;
Then they came for me - and there was no one left to speak out for me.
Then they came for the socialists, and I did not speak out - because I was not a socialist;
Then they came for the trade unionists, and I did not speak out - because I was not a trade unionist;
Then they came for the Jews, and I did not speak out - because I was not a Jew;
Then they came for me - and there was no one left to speak out for me.
There are times when you can neither just complain or work in incremental steps to better your situation - thus:
Quote from: Thomas Jefferson
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
January 23, 2019, 12:54:17 PM
BTW, daily reminder in just 30 years, only 8 BTC will be mined every day (currently ~1900)
Incredible
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