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Old 04-13-2018, 01:41 PM   #29051
ToothSayer
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Re: Bitcoins - digital currency

Happy Friday the 13th to the HODLers!
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Old 04-13-2018, 02:32 PM   #29052
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Re: Bitcoins - digital currency

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Originally Posted by NewOldGuy View Post
Why would you even consider not telling the truth here??
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Originally Posted by sl8a View Post
Coinbase are making me fill out an Enhanced Due Dilligence form or they will suspend my account. I use GDAX to sell the bitcoin I cash out from some poker sites (via Blockchain). Anyone know what the best answers are to what I use coinbase for and where I got the money from?
The thing here is this is like the police. They already have you. They just want the confession so it looks better on the record.

The reason they likely already know that you've sent them money from gambling sites is due to chain analysis. You're, unfortunately, not going to be able to use Coinbase/GDAX going forward, but to others who might not be so unlucky yet, please send to a private wallet that you control, if you can, before sending to Coinbase/GDAX and they will have "nothing on you," so to speak.
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Old 04-13-2018, 04:31 PM   #29053
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Re: Bitcoins - digital currency

It sounds like he did send to an intermediary wallet (blockchain.info).
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Old 04-14-2018, 12:49 AM   #29054
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Re: Bitcoins - digital currency

I would send to an other exchange and change currency before sending to gdax at this point to avoid that kind of problem
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Old 04-15-2018, 08:55 PM   #29055
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Re: Bitcoins - digital currency

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Originally Posted by zplusz View Post
The thing here is this is like the police. They already have you. They just want the confession so it looks better on the record.

The reason they likely already know that you've sent them money from gambling sites is due to chain analysis. You're, unfortunately, not going to be able to use Coinbase/GDAX going forward, but to others who might not be so unlucky yet, please send to a private wallet that you control, if you can, before sending to Coinbase/GDAX and they will have "nothing on you," so to speak.
first of all, he seems to have used an intermediary wallet(blockchain).

second, how can BTC be touted as this super-anonymous digital currency and be used for all kinds of illegal black market stuff...IF upon running a simple chain analysis one can figure out where funds came from?
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Old 04-15-2018, 09:58 PM   #29056
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Re: Bitcoins - digital currency

Because a lot of people don't realize it's all traceable yet.
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Old 04-16-2018, 11:05 AM   #29057
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Old 04-16-2018, 05:34 PM   #29058
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Re: Bitcoins - digital currency

So you guys are saying blockchain.info is basically compromised in terms of GDAX knowing when you are sending gambling winnings from it? Should I just cash out directly to my hardware wallet and then send that to GDAX? Will that keep me safe from being banned?
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Old 04-17-2018, 04:53 AM   #29059
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Re: Bitcoins - digital currency

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If you believe in bitcoin it's a great time to trade it. I'm shorting the s**t out of it and accumulating as much as I can out of it in hopes that there is a reversal at some point.
Hard to short a ponzi scheme where the only short methods are controlled by people that can paint the tape and wipe you out.

It's cool if you have play money, but following Bitmexrekt has basically replaced porn over the past while for me.

That people believe in this nonsense with all its obvious flaws is way more interesting to me.
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Old 04-17-2018, 08:08 AM   #29060
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Re: Bitcoins - digital currency

Couple of researchers set out to calculate the equilibrium valuation of Bitcoin. I can't vouch for the quality of the work, but some of you may enjoy:

https://www.scribd.com/document/3765...een&from_embed
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Old 04-17-2018, 10:44 AM   #29061
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Re: Bitcoins - digital currency

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Originally Posted by rafiki View Post
Couple of researchers set out to calculate the equilibrium valuation of Bitcoin. I can't vouch for the quality of the work, but some of you may enjoy:

https://www.scribd.com/document/3765...een&from_embed
So, uh, what is it?
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Old 04-17-2018, 11:51 AM   #29062
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Re: Bitcoins - digital currency

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So, uh, what is it?
Driven by demand and approximated with hashes per second. They formalize some concepts and relations academically, that were intuitively known by experienced people in the field, given some simplifications and assumptions.

It's mostly a good building block for further academic research, not actionable conclusions on price, imo.
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Old 04-18-2018, 12:37 PM   #29063
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Re: Bitcoins - digital currency

noob question, are there any online wallets where you can buy BTC with credit cards? i just tried coinbase and it only accepts prepaid debit cards
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Old 04-18-2018, 05:44 PM   #29064
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Re: Bitcoins - digital currency

I'm almost certain I can buy bitcoin with a credit card on coinbase FWIW. It's not a high limit mind you but pretty sure you can. I've been through all the verification steps they have fwiw.
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Old 04-18-2018, 05:55 PM   #29065
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Re: Bitcoins - digital currency

coinbase for sure you can do 1500 a week or something like that on credit card.
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Old 04-18-2018, 08:16 PM   #29066
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Re: Bitcoins - digital currency

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coinbase for sure you can do 1500 a week or something like that on credit card.
That's the minimum. It can be much higher.
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Old 04-18-2018, 09:04 PM   #29067
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Re: Bitcoins - digital currency

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I'm almost certain I can buy bitcoin with a credit card on coinbase FWIW. It's not a high limit mind you but pretty sure you can. I've been through all the verification steps they have fwiw.
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coinbase for sure you can do 1500 a week or something like that on credit card.
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Originally Posted by NewOldGuy View Post
That's the minimum. It can be much higher.
Yeah just to cap this off for me, I doubled checked if I had a credit card on coinbase, I did, and what my credit limit on a credit card was on coinbase and it was actually way higher than I thought. Was thinking it was like $500 or something. But confirmed you can pull from a credit card, and obv bank/debit card.
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Old 04-18-2018, 10:38 PM   #29068
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Re: Bitcoins - digital currency

Beware- many if not most credit card issuing banks started charging exorbitant fees on their end for crypto purchases a few months ago.
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Old 04-18-2018, 11:46 PM   #29069
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Re: Bitcoins - digital currency

yes, i believe crypto purchases are now treated like cash advances
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Old 04-19-2018, 06:15 PM   #29070
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Re: Bitcoins - digital currency

There's currently a JPMorgan lawsuit regarding that I believe.

Bitcoiner: Let me buy this currency with my credit card

Bank: Ok, well since it's currency, then you'll have to pay the cash advance fee

Bitcoiner: J/k it's an asset
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Old 04-20-2018, 03:27 AM   #29071
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Re: Bitcoins - digital currency

Bitcoiner: I call the taxman as my first witness.
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Old 04-20-2018, 08:52 PM   #29072
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Re: Bitcoins - digital currency

1k run up today. Nothin?
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Old 04-20-2018, 09:02 PM   #29073
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Re: Bitcoins - digital currency

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1k run up today. Nothin?
We must have some room to go since no one is spiking the football in this thread yet and the bears have turned into crickets.
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Old 04-21-2018, 09:22 AM   #29074
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Re: Bitcoins - digital currency

They're busy waiting for the 30% dip after it does its 5x to brag.
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Old 04-21-2018, 10:57 AM   #29075
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Re: Bitcoins - digital currency

Ironically enough, bitcoin is up 30% from its 4x drop and you are bragging
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