This year I'll be carrying a portion my winter budget to Vietnam in Bitcoin. Already found a money changer (gold shop) to exchange with. I'll still need to go through Fincen at the airport because of the cash so I'll ask them directly how they treat crypto. Not intending on declaring any however.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12999. (Read 26716279 times)
October 02, 2018, 10:04:23 PM
October 02, 2018, 08:42:39 PM
Hey mindrust, no need for name calling. Some of us are not young anymore. We no longer trust our memory like we used too.
True, no way I'm trusting my memory to a seed. It's written down by hand on a piece of paper.
But bitcoin wallets traveling shouldn't be considered like cash. Bitcoins are not stored in a wallet, they are stored online. They are no different than having access to your traditional online banking login.
A major difference between access to your bank log in, and access to your bitcoins is that if you screw it up, the ramifications of irreversibly losing the money is much greater with bitcoin.
I think he mean in reference of the $10K international traveling limit. And I do agree.... but not completely sure the authorities could think otherwise, so better to stay safe.
Fair enough redirection. I have seen some proposed changes to border policies that includes the possibility of increasing questioning about cryptocurrencies... I recall that there was some proposed USA legislation on that point, but I can anticipate other countries moving in that increased interrogation direction.. .. which seems to be a recipe for increasing scoff law reactions, too.
Surely, we should be prepared for these kinds of changes in the laws, and possible increased scrutinies - especially, if governments increasingly perceive that they are losing their ability to have some kind of handle on capital controls... which they may have already lost some of that battle - yet as you already seem to suggest, any of us in the crypto space will need to continue to be educating ourselves about ways to stay private and to maintain some control over our own capital, which surely includes our crossing of borders and whether we might raise red flags in terms of practices that we might be able to modify to draw less attention ourselves.
They have means to partly control it: Just outlaw undeclared Bitcoin transactions over XXXXX amount.
Something similar has already happened in several euro countries where it is basically ilegal to do any cash transaction over 2500€. They can't stop small undeclared transactions but they can enforce AML on anything substantial... it is basically impossible to buy even a (very) high end TV set without using a bank account. Same is happening with Bitcoin when AML is enforced in most fiat ramps everywhere (exchanges, ATM's, etc).
So they don't really need to stop you from carrying your keys to another country.... they just put limits on what you can do with it the same way as they can do with cash.
Still, (I think) Bitcoin was not meant as a way to evade tax or capital controls but to be your own bank by having direct control of your money.
October 02, 2018, 07:55:21 PM
Hey mindrust, no need for name calling. Some of us are not young anymore. We no longer trust our memory like we used too.
True, no way I'm trusting my memory to a seed. It's written down by hand on a piece of paper.
But bitcoin wallets traveling shouldn't be considered like cash. Bitcoins are not stored in a wallet, they are stored online. They are no different than having access to your traditional online banking login.
A major difference between access to your bank log in, and access to your bitcoins is that if you screw it up, the ramifications of irreversibly losing the money is much greater with bitcoin.
I think he mean in reference of the $10K international traveling limit. And I do agree.... but not completely sure the authorities could think otherwise, so better to stay safe.
Fair enough redirection. I have seen some proposed changes to border policies that includes the possibility of increasing questioning about cryptocurrencies... I recall that there was some proposed USA legislation on that point, but I can anticipate other countries moving in that increased interrogation direction.. .. which seems to be a recipe for increasing scoff law reactions, too.
Surely, we should be prepared for these kinds of changes in the laws, and possible increased scrutinies - especially, if governments increasingly perceive that they are losing their ability to have some kind of handle on capital controls... which they may have already lost some of that battle - yet as you already seem to suggest, any of us in the crypto space will need to continue to be educating ourselves about ways to stay private and to maintain some control over our own capital, which surely includes our crossing of borders and whether we might raise red flags in terms of practices that we might be able to modify to draw less attention ourselves.
October 02, 2018, 07:04:24 PM
Maybe up or maybe 4800 ^
October 02, 2018, 07:04:17 PM
Hey mindrust, no need for name calling. Some of us are not young anymore. We no longer trust our memory like we used too.
True, no way I'm trusting my memory to a seed. It's written down by hand on a piece of paper.
But bitcoin wallets traveling shouldn't be considered like cash. Bitcoins are not stored in a wallet, they are stored online. They are no different than having access to your traditional online banking login.
A major difference between access to your bank log in, and access to your bitcoins is that if you screw it up, the ramifications of irreversibly losing the money is much greater with bitcoin.
I think he mean in reference of the $10K international traveling limit. And I do agree.... but not completely sure the authorities could think otherwise, so better to stay safe.
October 02, 2018, 06:59:13 PM
October 02, 2018, 06:53:17 PM
Hey mindrust, no need for name calling. Some of us are not young anymore. We no longer trust our memory like we used too.
True, no way I'm trusting my memory to a seed. It's written down by hand on a piece of paper.
But bitcoin wallets traveling shouldn't be considered like cash. Bitcoins are not stored in a wallet, they are stored online. They are no different than having access to your traditional online banking login.
A major difference between access to your bank log in, and access to your bitcoins is that if you screw it up, the ramifications of irreversibly losing the money is much greater with bitcoin.
October 02, 2018, 06:41:16 PM
I see the explanations as a kind of humor; however, the trajectory seems relatively reasonable (yet it could be a bit too bullish, too. Perhaps?).
October 02, 2018, 06:40:17 PM
Hey mindrust, no need for name calling. Some of us are not young anymore. We no longer trust our memory like we used too.
True, no way I'm trusting my memory to a seed. It's written down by hand on a piece of paper.
But bitcoin wallets traveling shouldn't be considered like cash. Bitcoins are not stored in a wallet, they are stored online. They are no different than having access to your traditional online banking login.
October 02, 2018, 06:30:54 PM
October 02, 2018, 06:28:12 PM
Good to see the Republican Party doing their bit as fiscal conservatives.
Muh trickle down economics.
October 02, 2018, 06:19:13 PM
The best lack all conviction, while the worst
Are full of passionate intensity.
so many JJGs
so few mayors
Are full of passionate intensity.
so many JJGs
so few mayors
Too true....
October 02, 2018, 06:17:45 PM
Good comedy screwed up with alt coin pumping. Shame on you, elrippos friend!!!!!
October 02, 2018, 06:17:13 PM
Good comedy screwed up with alt coin pumping. Shame on you, elrippos friend!!!!!
October 02, 2018, 05:59:28 PM
Hey mindrust, no need for name calling. Some of us are not young anymore. We no longer trust our memory like we used too.
I was name calling the airport officers, not old people. :/
Still, If my life was depending on that, i would memorize the shit out of my seed whether if I was young or not.
You can always take a pic of your BTC seed with you and cut off/erase one or two words. A lot easier to memorize. Then just hope you won't suffer a concussion and memory loss
I would not recommend pictures or anything that draws attention to what it is that you are taking a picture of.
Of course, there are embed code into pictures too, but there are likely easier ways to preserve while sufficiently convoluting anyone who may end up getting ahold of that data and then able to guess (or attempt to guess) the remaining parts of it.
October 02, 2018, 05:48:51 PM
Bitcoin hasn't been in the bear mode for 4 years straight and will never be. Very strange decision to capitulate now I should say... but what are the better investment options you mentioned? Shitcoins? Real estate?
Wow, that's some optimism right there. A four-year bear market becomes inevitable eventually. When it arrives, hopefully we see it as a house-tidying exercise to "shake the weak monkeys out of the branches" (or whatever silly colloquialism we're using then).
October 02, 2018, 05:42:35 PM
[edited out]
No need any of these. Just memorize your seed and then you'll be able to carry your full wealth with you and there is nothing they can do to stop you.
Fucking retards.
^^^^^^Above quoted for reference^^^^^:
Hey mindrust, no need for name calling. Some of us are not young anymore. We no longer trust our memory like we used too.
You do not have to memorize the seed - although optionally, you could memorize part of it.
Furthermore, you could write down the seed on various slips of paper or even write down parts in various places electronically in order that you can put the pieces of the seed back together (and in the correct order), and no one will know that either the word pieces are a seed or which order the parts go back together which is not a lot to memorize, even for elderly WO thread peeps.
October 02, 2018, 05:34:43 PM
I want to believe
Mmm so you do look @ twitter
And make me a wanna believer as well
October 02, 2018, 05:31:28 PM
The fractal says a low of $3,800 in January 2019 but let’s wait and see. It won’t be an exact match and lots of whales will be aggressively trying to chop up the market.
Fractals are quite subjective - maybe even moreso than other forms of TA.
https://medium.com/@coinobs/bitcoin-fractal-the-bullish-scenario-37f5dae1384f
Thanks for that link, infofront.
I was a bit embarrassed to ask what the fuck a "fractal" was. hahahahahaha... but apparently, fractals are convincing phenomena in the eyes of some folk.
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