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  • The Kraken
    BARRELED IN @ SBR!
    • 12-25-11
    • 28917

    #246
    Originally posted by jjgold
    Ether is really getting crushed when is a good time to buy
    Originally posted by raiders72001
    now

    <br>
    <br>
    Comment
    • d2bets
      BARRELED IN @ SBR!
      • 08-10-05
      • 39990

      #247
      Originally posted by ThaWoj
      Saw a prop on fairlay a month ago whether bitcoin would drop below 1800 at any point before September 1st. At the time I thought it was impossible. Now it actually seems possible.
      What were/are the odds?
      Comment
      • ThaWoj
        SBR Hall of Famer
        • 03-09-10
        • 6749

        #248
        I don't remember but the "no" was the chalk, but surprisingly not as big as I thought it should have been at the time.
        Last edited by ThaWoj; 06-26-17, 05:50 PM.
        Comment
        • RoyBacon
          BARRELED IN @ SBR!
          • 09-21-05
          • 37074

          #249
          Originally posted by cornmeal
          I have regular coinbase account been using, tried several times signing in on the gdax side(try to save on these fees)it goes thru the verification process again and says it cant verify me.
          wtf coinbase regular customer 2 year, it will not even let me get to the page to upload id. ive been living same address for 20 years. Ive emailed several times but no responses.

          Any ideas guys?
          Hmm. All of these exchanges have horrible CS. I remember some difficulty getting approved for GDAX even though I'm a lonnnng time CB client. And it took about 10 days to get my limits raised even though the website says 3 days.

          I seem to remember they do the verify thing all over again. It was well worth the effort.
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388189

            #250
            Ether went to $.10 Recently for a very short time then shot up to $300 that's how dangerous it is to invest
            Comment
            • cornmeal
              SBR High Roller
              • 05-15-17
              • 220

              #251
              Thanks Bacon
              I will keep following up with email to them
              Comment
              • MeanPeopleSuck
                SBR Wise Guy
                • 04-29-17
                • 950

                #252
                Originally posted by cornmeal
                Thanks Bacon
                I will keep following up with email to them
                I've never been a big fan of Coinbase. It's US based and currently being sued by the IRS for its client records, which makes privacy minded investors like me nervous. The Flash Crash also hurt a lot of folks I like with late triggering Stop orders, so CB's definitely on most trader's sh!t lists right now.

                All platforms are experiencing explosive growth, so support time's lengthened, but opening accounts and trading with little or no verification is pretty easy at Bitfinex, Poloniex and Kraken, if you wanted to diversify your platforms (a good idea anyway; with all this growth we're overdue for a new hack -- there's even a pool on which site gets hit next at Reddit; my money's on Poloniex).
                Comment
                • The Kraken
                  BARRELED IN @ SBR!
                  • 12-25-11
                  • 28917

                  #253
                  Originally posted by jjgold
                  Ether went to $.10 Recently for a very short time then shot up to $300 that's how dangerous it is to invest
                  You reading last weeks paper again?
                  Comment
                  • cornmeal
                    SBR High Roller
                    • 05-15-17
                    • 220

                    #254
                    Mean quick question
                    coin seems to be only option to directly deposit funds for me.
                    kraken wants id, picture of me holding id, picture of me holding id in front of the house,picture of me holding id with the dog in front of the house,etc....
                    bitfinex last time I used said they wouldnt accept usd deposits?
                    Im not very comfortable(yet) with the localbitcoin option, could you recommend any other options
                    Last edited by cornmeal; 06-26-17, 08:06 PM.
                    Comment
                    • MeanPeopleSuck
                      SBR Wise Guy
                      • 04-29-17
                      • 950

                      #255
                      Originally posted by cornmeal
                      Mean quick question
                      coin seems to be only option to directly deposit funds for me.
                      kraken wants id, picture of me holding id, picture of me holding id in front of the house,picture of me holding id with the dog in front of the house,etc....
                      bitfinex last time I used said they wouldnt accept usd deposits?
                      Im not very comfortable(yet) with the localbitcoin option, could you recommend any other options
                      Heh, heh, heh, good dog line. Yeah, definitely DON'T use LocalBitCoins unless you've got a pressing need to buy or sell BTC right NOW, because the exchange rates suck.

                      Fiat's a pain in the a$$ compared to moving crypto around, but if you've got a little time -- say, a week -- and don't mind a normal level of ID verification -- your passport or state ID -- then I'd recommend Bitstamp.net. After you send them your ID and verify your bank account by receiving two small deposits, you can send them a wire in dollars. Wires take about 3 business days to clear.

                      Bitstamp's the only fully EU regulated exchange on earth, which means your money -- fiat or coins -- is completely safe, but for the same regulated reason they're a bit boring: no margin trading or going short, and their offering of alt-coins is thin: only Ripple (XRP) and Litecoin (LTC). Of course, once you've changed your fiat to BTC, you can send that BTC anywhere in an hour, if more adventurous trading is your cup of tea.
                      Comment
                      • cornmeal
                        SBR High Roller
                        • 05-15-17
                        • 220

                        #256
                        Much appreciated sir
                        Comment
                        • MeanPeopleSuck
                          SBR Wise Guy
                          • 04-29-17
                          • 950

                          #257
                          Originally posted by cornmeal
                          Much appreciated sir
                          Any time. It's a team effort.
                          Comment
                          • RoyBacon
                            BARRELED IN @ SBR!
                            • 09-21-05
                            • 37074

                            #258
                            Right on... Bitstamp is very good but they also want a lot of info aLa CB.(comes at the cash out stage)

                            I'm afraid the new rules point to heavy verification. One just has to succumb. GDAX #1, free daily ACH withdraws and low to no commissions + being a US company AND Bitstamp, safe, licensed, and busy.(negs are high commission and rather high transfer fees)
                            Comment
                            • MeanPeopleSuck
                              SBR Wise Guy
                              • 04-29-17
                              • 950

                              #259
                              Originally posted by RoyBacon
                              Right on... Bitstamp is very good but they also want a lot of info aLa CB.(comes at the cash out stage)

                              I'm afraid the new rules point to heavy verification. One just has to succumb. GDAX #1, free daily ACH withdraws and low to no commissions + being a US company AND Bitstamp, safe, licensed, and busy.(negs are high commission and rather high transfer fees)
                              All good points, Roy. I didn't know Bitstamp had beefed up its verification, but on the upside, if it's only during cash out, there's other, easier ways to get your money with little or no verification at all, a V I S A debit card from Bitpay.com being my favorite.


                              Also, there's one (IMHO) massive drawback to trading at Coinbase/GDAX: they're currently being sued by the IRS for their client records in an ongoing litigation that not enough people here seem to know about: https://www.forbes.com/forbes/welcom...www.google.nl/

                              The IRS gaining access to my trading records would cause me, um, anxiety. I closed my CB account about 10 seconds after the IRS filed suit.
                              Comment
                              • Memento
                                SBR MVP
                                • 01-28-15
                                • 1192

                                #260
                                ETH volume will continue to be higher than BTC this week as everyone buys ETH and then immediately exchanges it for EOS tokens. It will be interesting to see how things shake out next Monday when Bitfinex allows EOS trading after phase 1 of the ICO is complete. EOS literally draining the pool right now.
                                Comment
                                • firekillex
                                  SBR Hall of Famer
                                  • 09-18-13
                                  • 6420

                                  #261
                                  anybody into IOTA ? competing with DASH supposedly , reading some good things
                                  Comment
                                  • RoyBacon
                                    BARRELED IN @ SBR!
                                    • 09-21-05
                                    • 37074

                                    #262
                                    Originally posted by MeanPeopleSuck
                                    All good points, Roy. I didn't know Bitstamp had beefed up its verification, but on the upside, if it's only during cash out, there's other, easier ways to get your money with little or no verification at all, a V I S A debit card from Bitpay.com being my favorite.


                                    Also, there's one (IMHO) massive drawback to trading at Coinbase/GDAX: they're currently being sued by the IRS for their client records in an ongoing litigation that not enough people here seem to know about: https://www.forbes.com/forbes/welcom...www.google.nl/

                                    The IRS gaining access to my trading records would cause me, um, anxiety. I closed my CB account about 10 seconds after the IRS filed suit.
                                    ANY of the exchanges that are "licensed" will be subject to reporting requests from all official sources.

                                    I just assume everything is tracked and I'll pay taxes accordingly.

                                    Just started using the Bitpay card. It's great but they took a SS number when I applied.

                                    I would forget the tax angle and go for super low commissions and very very safe exchanges.
                                    Comment
                                    • raiders72001
                                      Senior Member
                                      • 08-10-05
                                      • 11061

                                      #263
                                      New coins https://coinmarketcap.com/new/
                                      Comment
                                      • jjgold
                                        SBR Aristocracy
                                        • 07-20-05
                                        • 388189

                                        #264
                                        I don't think we're close where the exchanges will be sending W-2 forms to the government

                                        I think Forex trading is not reported to the government
                                        Comment
                                        • Snowball
                                          BARRELED IN @ SBR!
                                          • 11-15-09
                                          • 30047

                                          #265
                                          Originally posted by jjgold
                                          I don't think we're close where the exchanges will be sending W-2 forms to the government

                                          I think Forex trading is not reported to the government
                                          capital gains is capital gains, forex is no different than other trading
                                          it is reported - and so will crypto eventually - soon anything over 10k
                                          will be reported and then up to them, who knows
                                          i'm sure you've read the latest Senate bill ?
                                          Comment
                                          • jjgold
                                            SBR Aristocracy
                                            • 07-20-05
                                            • 388189

                                            #266
                                            There's a difference with capital gains and having $10,000 or more in an exchange, just because you have saved 50,000 in a bit coin exchange you don't have to pay taxes on that and less it was some sort of profit and the exchange sends to government a W-2 or whatever form it's called
                                            Comment
                                            • GunShard
                                              SBR Posting Legend
                                              • 03-05-10
                                              • 10027

                                              #267
                                              The rumors of the co founder of Ethereum being dead dropped the prices.
                                              Let's say he did die. Does Ethereum not work anymore after his death?
                                              Comment
                                              • jjgold
                                                SBR Aristocracy
                                                • 07-20-05
                                                • 388189

                                                #268
                                                That was a bizarre story about that guy no idea how he can control the price
                                                Comment
                                                • RoyBacon
                                                  BARRELED IN @ SBR!
                                                  • 09-21-05
                                                  • 37074

                                                  #269
                                                  Originally posted by jjgold
                                                  There's a difference with capital gains and having $10,000 or more in an exchange, just because you have saved 50,000 in a bit coin exchange you don't have to pay taxes on that and less it was some sort of profit and the exchange sends to government a W-2 or whatever form it's called
                                                  That's true it will not be reported. Butttttt, the IRS has many other ways to track the movement of US dollars. If the exchange sent you a wire the IRS knows about it.

                                                  The only real way to defer reporting a btc gain, or not reporting at all, is to not use the US dollar. If you do use the US dollar then the only way to keep the IRS in the dark is to leave it in the exchange. Once it moves via wire there is a trace right to your doorstep.

                                                  Even a routine audit would require you to present all your bank and financial account records. An ole boy could wind up with multiple criminal indictments trying to hide btc activity. I doubt any of us are smart enough to pull it off.
                                                  Comment
                                                  • cornmeal
                                                    SBR High Roller
                                                    • 05-15-17
                                                    • 220

                                                    #270
                                                    raiders or memento
                                                    do you guys know if u.s. residents will be allowed to buy EOS once it starts trading ?
                                                    Comment
                                                    • jjgold
                                                      SBR Aristocracy
                                                      • 07-20-05
                                                      • 388189

                                                      #271
                                                      Kracken took 2 months to verify
                                                      Comment
                                                      • Chief Wahoo
                                                        SBR MVP
                                                        • 06-12-09
                                                        • 1054

                                                        #272
                                                        Originally posted by firekillex
                                                        anybody into IOTA ? competing with DASH supposedly , reading some good things
                                                        Sorry I'm new to this. How can you buy this and where can I see how it's trading? Thanks!
                                                        Comment
                                                        • firekillex
                                                          SBR Hall of Famer
                                                          • 09-18-13
                                                          • 6420

                                                          #273
                                                          buy bitcoin on coinbase, send to bitfinex and buy there.. i like the future outlook for IOTA the more research i do
                                                          Comment
                                                          • JAKEPEAVY21
                                                            BARRELED IN @ SBR!
                                                            • 03-11-11
                                                            • 29231

                                                            #274
                                                            How can we buy TEZOS?

                                                            I see there's a fundraiser scheduled on July 1st.
                                                            Comment
                                                            • chico2663
                                                              BARRELED IN @ SBR!
                                                              • 09-02-10
                                                              • 36915

                                                              #275
                                                              i signed up to bitstamp a week ago. how long does it take
                                                              Comment
                                                              • biggie12
                                                                SBR Posting Legend
                                                                • 12-30-05
                                                                • 13785

                                                                #276
                                                                Originally posted by JAKEPEAVY21
                                                                How can we buy TEZOS?

                                                                I see there's a fundraiser scheduled on July 1st.
                                                                Could be wrong but i think min investment is 20k
                                                                Comment
                                                                • cornmeal
                                                                  SBR High Roller
                                                                  • 05-15-17
                                                                  • 220

                                                                  #277
                                                                  bittrex tough exchange to navigate
                                                                  im not the sharpest with these exchanges as it is, but this exchange not very user friendly​
                                                                  Comment
                                                                  • firekillex
                                                                    SBR Hall of Famer
                                                                    • 09-18-13
                                                                    • 6420

                                                                    #278
                                                                    just watch a 20 min youtube video, itll explain it all in depth then its actually easy to use once you see the few steps
                                                                    just transfer bitcoin then go to exchange , videos will show the rest easier to see with your own eyes how to do with a step by step huide
                                                                    Comment
                                                                    • BrickJames
                                                                      SBR Hall of Famer
                                                                      • 05-05-11
                                                                      • 9749

                                                                      #279


                                                                      Interesting article detailing some of the crypto regulatory recommendations.
                                                                      Comment
                                                                      • RoyBacon
                                                                        BARRELED IN @ SBR!
                                                                        • 09-21-05
                                                                        • 37074

                                                                        #280
                                                                        Chico I'll tell you about Bitstamp. It took me 2 weeks to be approved. Then I moved coins from Coinbase, sold them and requested a wire. They asked for more info which I provided. Another 2 weeks. Had one last info request on a large wire. I was doing arb trading so a lot of money was moving. After that request I've never had any more contact...super smooth.

                                                                        On Bitfinex... not a joint for the faint of heart. They stopped all wires a few months ago due to US corresponding banks refusing to facilitate the wires. That's very serious. But I don't think they are in any trouble. Not long ago they raised $50m from Bnktothefuture.

                                                                        Don't forget about GDAX. Much better than either option above.
                                                                        Comment
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