Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33692.

bito

newbie

Activity: 57

Merit: 0

Quote from: samson on May 17, 2013, 08:44:26 AM

Not quite - you just have to email them to increase it :

I think you are talking about “Trusted” Status (Level 2).

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Says "All document required for "trusted” accounts must be notarized with apostille and sent by priority mail to the address at the bottom of this page."

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: y2kcamaross on May 17, 2013, 08:41:34 AM

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

If you are verified you can submit a support request an increase to your daily limit up to $10,000 per day (no notarized crap required). You are still subject to a $50,000 monthly limit though.

The notarized/apostilled docs are required to move the $50,000 monthly limit up to $500,000.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: bito on May 17, 2013, 08:42:26 AM

US$50k+ means a 32 day wait for all your money if you are verified

Considering the limits on Dwolla were $5k I don't think this is going to be an issue for most Dwolla users.

This is why it's not going to affect the price much as the big buyers are already using wire transfers.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: y2kcamaross on May 17, 2013, 08:41:34 AM

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

Not quite - you just have to email them to increase it :

Quote

The "verified" status is designed for active traders and/or small companies.

After you have been verified, if you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please contact [email protected] with the below.

bito

newbie

Activity: 57

Merit: 0

US$50k+ means a 32 day wait for all your money if you are verified

y2kcamaross

full member

Activity: 226

Merit: 100

Quote from: samson on May 17, 2013, 08:40:27 AM

Quote from: bito on May 17, 2013, 08:30:31 AM

Quote from: samson on May 17, 2013, 08:21:41 AM

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

There are withdrawal limits for transferring cash out of MtGox though.

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Yes, you have to get 'verified' which for most people won't be an issue.

It's just a matter of sending a copy of your ID and a utility bill and waiting for them to approve it.

you still have a $1,000 daily limit with that, you need some notoarized crap to raise it

samson

legendary

Activity: 2097

Merit: 1070

Quote from: bito on May 17, 2013, 08:30:31 AM

Quote from: samson on May 17, 2013, 08:21:41 AM

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

There are withdrawal limits for transferring cash out of MtGox though.

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

Yes, you have to get 'verified' which for most people won't be an issue.

It's just a matter of sending a copy of your ID and a utility bill and waiting for them to approve it.

bito

newbie

Activity: 57

Merit: 0

Quote from: samson on May 17, 2013, 08:21:41 AM

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

There are withdrawal limits for transferring cash out of MtGox though.

https://support.mtgox.com/entries/20919111-AML-Account-Statuses

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

Quote

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

walls on bitstamp are the largest I've ever seen them though...

needmorecoins

member

Activity: 65

Merit: 10

Quote from: samson on May 17, 2013, 08:21:41 AM

Quote from: needmorecoins on May 17, 2013, 08:11:55 AM

Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?

Buying Bitcoin is converting fiat into BTC.

I see what you're trying to do here, you're talking about some kind of mass exodus from MtGox because people can't withdraw USD from MtGox.

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

If you can't afford to to a wire transfer it's because you're trading tiny amounts of USD - this won't affect the price at all in any way whatsoever.

The rally trades have been $10k-$100k - these people don't fund their accounts with Dwolla.

The standard way to move large amounts of money around the world has always been bank wires (SWIFT payments) - Dwolla allows people to send smaller amounts of money for less fees.

So to sum it up : Dwolla is irrelevant in the grand scheme of things.

It's useful (was useful) to people who want to purchase small amounts of BTC ($5k or less) with very low transaction fees.

Ah ok, not from US so no idea how US people get their money into Gox, or the limitations.

wonkytonky

sr. member

Activity: 411

Merit: 250

dwolla just may have started the uptrend again. .. sure we will see some corrections but i think the mid term down trend is over now.

if not fine.. i'm happy with movment.. up or down

samson

legendary

Activity: 2097

Merit: 1070

Quote from: needmorecoins on May 17, 2013, 08:11:55 AM

Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?

Buying Bitcoin is converting fiat into BTC.

I see what you're trying to do here, you're talking about some kind of mass exodus from MtGox because people can't withdraw USD from MtGox.

You're completely wrong though. If you want to make a withdrawal from MtGox you simply do a wire transfer.

If you can't afford to to a wire transfer it's because you're trading tiny amounts of USD - this won't affect the price at all in any way whatsoever.

The rally trades have been $10k-$100k - these people don't fund their accounts with Dwolla.

The standard way to move large amounts of money around the world has always been bank wires (SWIFT payments) - Dwolla allows people to send smaller amounts of money for less fees.

So to sum it up : Dwolla is irrelevant in the grand scheme of things.

It's useful (was useful) to people who want to purchase small amounts of BTC ($5k or less) with very low transaction fees.

Ultraviolet

member

Activity: 84

Merit: 10

Quote from: needmorecoins on May 17, 2013, 08:11:55 AM

Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?

IMO whoever was converting all their fiat to BTC and moving it off Gox would have done it during/after the immediate sell off, with the late-to-the-party group doing it before/immediately after that 4 hour DDOS.

Panic/danger sentiment is down and the price is up, so it's much less likely for Gox exodus to be the cause.

Market showed an immense amount of support for 110-115 after the panic news, the red candles, and the DDOS. I think that's why sentiment is more bullish.

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

Quote from: needmorecoins on May 17, 2013, 08:11:55 AM

Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?

1+1 = 2?

I mean, why not buy coins instead of fiat if there is a lot to be bullish about anyways... My only fear is that if gox news happens to hit bitcoin hard, plus some other negative news (who knows), how much of a dump will occur on exchanges like bitstamp with minimal bid walls.

For now I'm all in though

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: needmorecoins on May 17, 2013, 08:11:55 AM

Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?

I believe not. People getting excited too because ask side orders are thin on the ground. It could as many appear to believe, be because we're about to hit a nice well-due rise in price. But how would the ask order side look if people were simply moving their bitcoin off gox? Mmm!

needmorecoins

member

Activity: 65

Merit: 10

Hmm...nothing's changed with Gox/Dwolla?
So is there anyway to tell if this rally is because of the public's bullish sentiment, or because US gox users are converting their fiat into btc and hence causing a rise in price?

Coinseeker

sr. member

Activity: 252

Merit: 250

Ah the delusions. Grin

Much easier time dropping to 116 than there is of breaking through 120. Or maybe....we're still in "rally warm-up". LOL!

crumbcake

newbie

Activity: 42

Merit: 0

Quote from: prof7bit on May 17, 2013, 07:21:51 AM

Quote from: prof7bit on May 17, 2013, 07:18:48 AM

Code:

121.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
120.50 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
120.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
119.50
119.00

118.50
118.00 ▒▒▒
117.50 ▒▒▒▒
117.00 ▒▒▒▒
116.50 ▒▒▒▒▒▒▒▒▒▒
116.00 ▒▒▒▒▒▒▒▒▒▒▒▒

Code:

122.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
121.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
120.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
119.00

118.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
117.00 ▒▒▒▒
116.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒

I like these charts -- enough data, no migraines & i could picture them on: http://upload.wikimedia.org/wikipedia/commons/thumb/2/23/Vt100-adventure.jpg/220px-Vt100-adventure.jpg

nagnagnag2

full member

Activity: 142

Merit: 100