Bitcoin
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- trooperbill0
smart people trade bitcoin cfds. that way you can make money even if he value declines
- Bennn0
Dogecoin is back! +63% at the moment, lol
- flashbender0
Any one else in the same boat I am ... Not living in the country of your driving license/passport?
I've been going round in circles trying to get coinbase Identity validation to work - keep getting a failed message. then I finally read their support article which says they can't accept US passports as valid docs (weird)
So I use my US driving license even though I live in the UK, this one is pending but I expect it to fail as well because it goes on to say that
"If your ID document is issued by a country other than the country you are a resident of, it may not be possible to complete ID verification at this time. We're always working on improving our verification service and hope to support your specific situation as soon as possible."
So I might be screwed?
Anyone have any ideas?
In the time I've been faffing about with the the value of ripple has gone from 0.60 to $1.05 so annoying.
Also tried to set up a bitstamp account (you can buy ripple direct with $$$) and I get this:
STATUS: PENDING
DUE TO THE INCREASE IN USER REQUESTS YOUR VERIFICATION REQUEST MAY TAKE MORE THAN 24 HOURS TO RESOLVE. THANK YOU FOR UNDERSTANDING.
Thank you for submitting your request. Unfortunately, we are currently experiencing high volumes of verification requests, causing backlogs of up to 2 weeks before they are processed. We are working very hard to approve your request as quickly as possible. Thank you for your patience."So annoying.
Thinking of giving Kraken a go but also think I'll see the same issues? Any other ideas?
- try other services, just dont end up signing up with one who will steal your moneyBennn
- just sign in with anything that looks like an id (foto) and has your name on it...the same name you'll need to register your cc or bank later?uan
- I mean, it's just a bot that looks into it.
and make sure you have a wallet you control where you can transfer your coins touan - More complicated than that. Coinbase won't work if your country of residence doesn't match the country for your ID docs.flashbender
- You couldn't just say you are a resident of the U.S.?yuekit
- Thought of that but my gut says that will make getting funds out nearly impossible as I do not have a US bank accountflashbender
- My dad is going through the same thing. Ripple will still be low enough for you to make massive profits by the time you get approved on bitstamp...brnmkg
- I feel like this is just the beginning. Just think if you bought Ethereum or Litecoin at $1.00. Disclaimer: This is just my opinion and not financial advice. :)brnmkg
- You can withdraw to a PayPal account if you have one (on Coinbase).yuekit
- Try a real bank :)monospaced
- Finally validated with my UK residency card, once that was done buying was super simple and straightforward. Now just waiting for the BTC transfer to binanceflashbender
- finally done. Bitcoins transferred to Binance, alt coins purchased. that was way harder than it should have beenflashbender
- inteliboy0
Bennn.... forget about the dogecoin nonsense. Shit sailed years ago as a shitcoin memecoin.
Looked into any ico's?
Also the ticket is low market cap, low supply coins, that have Korean, Japanese and/or Chinese business applications (Wabi, Walton, OMG...). Or are platforms (Iota, Waves, Stratis, Neo, QTM, Neblio...) Get into one of these at pre-launch and you're looking at x10 - x100 gains my friend.
- but he shitcoin like no one though********
- where do you get those?Bennn
- shitfinex.com********
- lol it's actually a site********
- Makes me want to send them 10,000$ ... it looks super safe! :PBennn
- but he shitcoin like no one though
- zaq0
Finally he is found
- http://vignette1.wik…SteveJobs
- Fools, that's Banksy.detritus
- drgs0
https://www.reddit.com/r/Bitcoin…
"I asked the bartender/owner if I can pay with bitcoin and he's like 'yeah, no problem'.
I had ordered two drinks. The bartender hands me an ipad with a bitpay QR code.
I opened up my Coinbase app that I had moved $100 into today specifically for in person payments.
My drinks came out to $15.50 with tip.
The Bitpay app requested 0.0012 BTC (Current price is $16,500). When I put that amount into the Coinbase app it said the USD value was $35. I couldn't figure out why it was $35. So I switched the interface to allow me to just enter a USD amount.
I entered $20, cause I was slightly drunk and said, oh well, I'll pay more. After I hit send I looked at the transaction and it said it was pending for $51. WTF?
I asked the owner/bartender how this was gonna work since it was going to take 2hours plus.
He was like "2 hours? We can't wait that long, I'll just cancel and you can pay by credit card. Also , I don't want you to pay $51 for this".
I told him "You can't cancel, it's bitcoin. No backsies".
He was like "Well, Bitpay says it's canceled now".
And I said "Not sure its gonna come back through via Coinbase. I have no idea how this is gonna go."
The owner was super great and offered to wait or try a whole bunch of things. I said "This was mostly an experiment, take my card. Thanks for doing the bitcoin community solid.".
At the end of the day I have no idea if I got refunded. 2.5 hours later, Coinbase said the transaction went through. Turns out the extra $30 was transaction fees for $20 drinks."
- The only story I've heard of it being used to pay for things!DaveO
- that's what happens when you try to buy things with beanie babiesscarabin
- See, how fuckin complicated all this crypto thing is? Its crazy. Not going to be adopted at large soon. Its a total mess from what I see since 2 weeks.Bennn
- I know a lot of people who can't attach a file to an email. Do you think they can understand cryptocurrencies? lol yeah!Bennn
- Chaos, total chaos at the moment.Bennn
- Patience.********
- Imagine your grandma, her shaking hands entering that 34 characters long alphanumeric bitcoin address written on a piece of paper, to pay her bills, no backsiesdrgs
- What? Wait, whoa... you can attach files to emails?imbecile
- $30 transaction fee!?monospaced
- Coinbase pockets these transaction fees?monospaced
- Network does, when its congested, and it always is, 55 USD transaction fee at the moment
https://bitinfochart…drgs - sounds like they are making a killing, really greatmonospaced
- detritus0
- So zany********
- Mm, the things companies will do to attract attention, eh? #poundlanddetritus
- https://mobile.nytim…detritus
- So zany
- HijoDMaite0
Had a pretty good chat with our IT director yesterday about cryptos. His take is that the federal govt. will soon crack down on these companies (exchanges and wallets) they will sequester documents and transaction information. For the simple fact that there is a huge potential for illegal activity due to anonymity. Many people that are cashing out right now could be circumventing the IRS. He kept mentioning North Korea using it too, since they are essentially cut off from the worlds financial institutions.
But mainly he thinks there is a ton of drug money in it right now. The pot dispensaries all over the country for example. They have still never been able to accept bank cards or been able to create business accounts in regular banks.
- This is a quite a simplistic view of it if I am honest. The threat isn't drug money and criminals, the threat is the total removal of middle men such as banksfadein11
- accountants, govts etc. The big boys will be scared of that so we will likely end up with a diluted, regulated version of it of they can make $ off of it.fadein11
- The same as anything else in the digital revolution. Look at the porn industry, they they pretty much invented ecommerce and everyone said the same thing then,fadein11
- that ecommerce was sleazy and linked to shady businesses. But look at us now.
I do think this crypto movement has more potential to shake things up though. Butfadein11 - on the flipside currencies like bitcoin have the potential to be huge tools for surveillance and crimefighting, the tech could easily be turned against /fadein11
- control the people who use it.fadein11
- I am with fadein11 on this one. Except cryptocurrency is here to stay. You can't stop the progress.zaq
- Sounds like your IT director gets his knowledge about crypto from tabloid newspapers. Is he any good at his job?detritus
- @zaq I agree it is here to stay but hopefully the same folk who control things now won't control this in the future. I think that is likely though.fadein11
- lol @ det. I did wonder.fadein11
- Like the dot com bubble in the 90s, its going to burst, but like the dot com itself, its going to stay and play a big partdrgs
- yupfadein11
- And, like the dot-com bubble, I've missed it, despite being primely-positioned to benefit from it before it blows.detritus
- ...not that I'm bitter, or anything.detritus
- zaq0
Let me post an analogy here.
" .. Bezos stumbled upon a startling statistic: the Internet had been growing at the rate of 2,300 percent annually. In 1995, the year Bezos, then 31, started Amazon, just 16 million people used the Internet. A year later, the number was 36 million, a figure that would multiply at a furious rate. "
Bezos is the richest person today. Make your own decisions today.
- "Amazing. Every word of what you just said was wrong"jaylarson
- ********2
I finally sold all my bitcoins for other crypto.
Bitcoin is gonna die, mafaka.
- good timing
https://www.bloomber…zaq - he's a limey, thoGnash
- Looks like it as it's falling fast.Chimp
- it's good for bitcoindrgs
- what did you get?Bennn
- ^ britcoins********
- Meh, its still around $16k.
Twice as high as one month ago.yuekit - Yea, it'll probably still go up for a while, I just don't see that it has a future due to the fees and energy consumption...********
- Something else will reign********
- Worrying that Coinbase now have "delayed" withdrawals for 10 days.Chimp
- how much did you make set?pedromendez
- Fuckin loads********
- good timing
- Gnash1
respect to all of you who've made the plunge. wish you all luck and riches.
- R_Kercz0
Is anyone here using Satoshi pay or something like it on any of your projects?
Have you personally interacted with this system as a consumer?
- Bennn1
40% of the Bitcoins are owned by 1,000 persons!
- almost like a pyramidmonospaced
- ^ Nail, head.Hayzilla
- :Dmonospaced
- stewart1
Sold all my Bitcoin last week.
Keeping my Ripple, bought them for 10 cents or so.
- Bennn0
I think i will stop looking at my holdings for a few days cuz everything going down and its no fun to watch
- why not sell?monospaced
- best time to buy is nowzaq
- #BTFDHijoDMaite
- If i sell i will lose my money, the game is to wait for it to go back up.Bennn
- and buying now... I'm not sure I want to put more money in something I dont clearly understand and find really sketchyBennn
- And there's like 100 new cryptocurrency every month, so there will always be a new hot coin around the cornerBennn
- I'm learning for the momentBennn
- And it's back up. Coulda made a bit by buying low. ;)nb
- But just kidding Benn. Take your time and don't over-invest.nb
- are purchases instant, meaning do they go through at the live price at the moment, or do they get fulfilled at end of day?monospaced
- I ask, because if they aren't, it would have been nearly impossible to buy/sell that quick dip yesterday.monospaced
- you buy BTC with real money, but on an exchange you can sell them for USDT (which are 1:1 to real USD), so you can buy and sell instantlydrgs
- if you keep BTC in a wallet on your laptop, to sell you need to send BTC to an exchange, in times like this the network is congested and it takes hoursdrgs
- its like the house is burning and you discover that the door is barred shut.
bitcoin in a nutshelldrgs - interesting, so any average joe can essentially day trade them ... sounds like a GREAT idea!monospaced
- 80% of the money invested during the last two months are Asiandrgs
- oh, that's so much bettermonospaced
- zaq6
- Ha! yeah right!dbloc
- hhahahaMiguex
- Totally, its going down down down. Thank god I only invested a micro amount on it. People who have invested 1000s$ 2 weeks ago must be crying atmBennn
- hahaprophetone
- monospaced0
“We probably are in a bubble,” Brian Armstrong confide[d] to Fortune following a recent all-hands meeting. With the total market valuation of all cryptocurrencies well above $500 billion, and few opportunities to put these coins to real use, Armstrong worries that “we haven’t really earned the value of that half trillion.”
—Coinbase CEO Brian Armstrong- but doesn't any average or above IQ human being know the whole thing is a bubble?fadein11
- it's just a quote I read in an article today, nothing moremonospaced
- people got rich off it, noone thought it was a longterm thing surely, but crypto is here to stay. a few will survive. the new Visas/Mastercards etc and way morefadein11
- game changerfadein11
- by it I mean Bitcoin obviously.fadein11
- I never said anyone didn't get rich off it. People get rich in bubbles, that's how they work. You're arguing a point I didn't make.monospaced
- just don't get the quote as its so fucking obvious, my points are directed at Brian not you but obviously you are are implicated by sharing it.fadein11
- lolmonospaced
- it's absolutely ridiculous that of all the dozens of people posting stupid ass shit in this thread, that you decided to go after mine and contribute nothingmonospaced
- A lot of people are talking about whether this will last or not. It's all over the news. I'm sharing a quote, not an opinion, FFS.monospaced
- jesus double thread mono arguments going on. I have no beef with you. it just seemed like a v.obvious quote to post. Sorry! I like you (most of the time).fadein11
- Merry Xmas, all the best with the new arrival.fadein11
- p.s. of course it won't last (the bubble), but crypto will. Jeez, I'm off to bed.fadein11
- damn dude, now I see why set is infuriated by you sometimesmonospaced
- ;)monospaced
- I wasn't looking for an argument here at all. Implying that I am the cause of the Set issue won't endear me to you either.fadein11
- Who are the dozens of people "posting stupid ass shit" ? This thread is one of QBN's better ones surely? Seems like a great discussion to me.fadein11
- lol, just read through it and see! If you weren't arguing, were you just talking shit to me? Make up your mind.monospaced
- _niko1
not sure how it works, but what's to stop me from starting a website that claims to trade in cryptocurrencies but it's just a scam ?
when you trade stocks or gold or currencies, it's usually through a bank or an accredited investment firm with a history.
Seems ripe for rampant fraud.
- Not a whole lot. New users will often check that they can withdraw a small amount of funds before they send a large amount Like you would an intl wire transfer.monNom
- So you would need a certain minimum float to pay out redemptions. That makes it a more expensive/complex scam.monNom
- nothing at all ... the Feds consider it the same as FarmVille cash :)monospaced
- The real trick is convincing people not to rush for the exits when the price craters, as that would totally reveal the scam, so best to use an investment that..monNom
- I hope all you investors out there are able to profit. Whoo hoo!monospaced
- @monNom, total chicken egg thing ... the price crater is caused by exitsmonospaced
- ...has enormous rate of return, and is hard to transact in, particularly when there's a lot of selling and the exchange gets 'busy'.monNom
- Bitcoin seems sort of perfect, since nobody uses it for anything, they just buy and HODL.monNom
- @monospaced - yes, I agree, selling lowers price. From the perspective of a scam, you want to manage how fast your pool of money gets drawn-down.monNom
- Because you don't actually own the underlying security, so you can't sell it. To summarize: it's dangerous to trade in unregulated markets.monNom
- cool, but not looking for agreement, it's just how it is :)monospaced