Bueller? Bueller???

From the limited amount I've read it sounds like CryptoKitties isn't even truly decentralized. Someone can correct me if I"m wrong there. My question...wtf is going to happen to ETH transaction times when there are 5+ copycat apps similar to CryptoKitties?

... they will go up

scaling is a known problem for blockchains, especially ethereum

https://www.engadget.com/amp/2017/12...with-ethereum/

This cartoon in action: https://xkcd.com/538/

Stay safe out there!

etheroll.com
or
showcase.funfair.io

A Euro account seems less attractive than 1st thought. (Continued min €2k balance to avoid fees)

Localbitcoins.com has good reviews on different forums. Anyone have experience with them?

I’m thinking I could sell my ETH and LTC to get the funds into my EUR wallet on Coinbase, buy BTC then sell on LBC for bank transfers?

Is that all correct?

Are you in the UK?

Yep

It's tough in the UK dealing with bitcoins, especially money in. No bank authorised here will have anything to do with cryptos if they can help it. They will cite the (very stringent and over the top) money laundering regulations for this. This might be the case or it could be they are just anti-bitcoin. It will end up that these regulations just push ppl further towards crypto imo.

For this reason you cant easily sell on coinbase now (as you have found). You could sell privately/for cash. These carry their own risks so do your own research and be careful. If you receive a large bank transfer into your account then there are many stories about ppls banks being frozen because of "fraud" so again it is tough. Most sites who claim to sell your coins for you and then you get a bank transfer are simply just acting as an escrow and you will be receiving a transfer in from a person unknown to you - the UK banking system does not like this. Whatever you do do not tell your bank you are receiving money from selling bitcoins or put bitcoin in the reference field. You run a big risk of account closure if so. Some of these sites like the ones you have named tell you this only after you agree to the transfer. If you sell for cash then you will be questioned where it came from when you go to pay it in at a branch - dont say bitcoin.

There are some sites that deal w neteller/skrill. If you can put up with the huge fees its easier that way. There is also a bank in the UK that openly states they love bitcoin and are happy to have bitcoin traders use them. Thats "Fidor bank". However they are not regulated here so there is no FSCS protection or UK consumer rights. Also the last time I looked they did not have any branches and when you make an account there you dont even get a sort code/account no. Might be different now.

I am very bullish on btc/cryptos in general and consider this a load of bull****. However it is the truth no matter what someone might brag to you. I also think in the long run the banking system here will be forced to interact properly with the crypto world so I await that day. Until then you have to tread carefully in the UK when selling cryptos for large amounts.

P.S. Pay your capital gains tax (if you profit more than £11,300 in one tax year)

imo its worth it to open an account somewhere else in europe. either open one online or take a trip to berlin for example. again, use transferwise between accounts and ez game.

Agreed, you want to look into revolut and sepa transfers etc as well. It might not be easy or free of fees, but its possible.

Yep, all of this.

You mentioned Barclays a few posts back - under no circumstances have cryptomonies sent directly to there of all places!

the reddit /r/BitcoinUK is pretty solid source of info.

I've been going with the idea that any money I put in to crypto will be staying there for the foreseeable future, or it will become so much money I won't mind the hassle of setting up new accounts and eating fees to cash out.

An easy alternative is to use a bitcoin ATM to turn it in to lovely hard cash, if you want modest amounts. The fees prob aren't that much worse than the chain of crypto to euro to sepa transfer to gbp, and no tricky questions as to why random people were sending you direct bank transfers - you can just spend it!

gdax low fees, sepa no fees, transferwise about 0.5%

If you are eventually cashing out large sums it doesn't get much better than this. Its worth the time to go through the headache of getting that sepa account.

What is so much of a headache setting up a gdax account?

sepa*

Eventually cashing out large sums of course it's worth it. That's the plan. Getting spooked and cashing out everything for £500, not so much. I have no idea where Westley is on this spectrum.

The uk bitcoin reddit is full of stories of ppl having accounts closed after using the sites that act as the middle man for bank transfer exchanges or crypto transactions in general. Must be a huge spike in these transactions in the last month or so, headaches for everyone involved and something has to give eventually.

The scary part to me is not having your account at barclays closed or whatever, can always get an account somewhere else although it would be annoying. It is that these closure departments have the authority to place CIFAS flags on someone if they deem them party to fraud. That would mean all your accounts everywhere get closed and you wont be able to get car insurance etc. Complete bs so just hold until something gives or sell very carefully.

Well selling ETH/NEO(chinese SCAM coin)/QTUM(Asia SCAM coin) and dumping all of it into ADA when it was flagging .10 - .14 has gone lovely.
Sell ETH rips and transfer into ADA guys. ADA has gotten into the top 10 coins without any fake hype/partnerships *cough* IOTA *cough*. THE ONLY scientifically peer reviewed crypto.

Sell ETH. Buy BTC, Buy ADA, Buy XMR and sleep at night.

I haven't seen any major news for this ADA move yet (obviously entire market is in mania mode but still). This tells me that this is major buyers accumulating for 2018 when ADA will be paying for staking and CONTINUING to deliver on their roadmap which is phucking Unicorn in this scam coin industry. BUY BTC, BUY ADA BUY XMR

Thoughts on XLM?

Also, people who are longing LTC?

oops.

Staring at $800 eth. Was ****ing 7 12 mths ago.....

And 8000 x 800 is 6.4 mega. GJ kaz.

I was lolling at ETH when it was $40, jokes on me.

This is now just a war against fiat. Honestly the ETH valuation still seems reasonable. It's **** like ETC that's worth $4 bil and doesn't stand a chance in hell that makes me realize what's going on. This looks like insanity, but the true insanity is the fact we've accepted the fiat monetary system up until now.

The ETH valuation is testament to the fact how much dumb money is in this market. The valuation is not even remotely reasonable.

This site sums up Ethereum pretty well:
http://yetanotherico.com

Personally, I think ETH will still go higher, because we are not at peak level stupidity yet.