<Big snip>
mmm US defaults on the bonds and trump coins takes over.
my 10 coins go to 10 million worthless dollars.
Yeah.. how are your stupid-ass Trump coins doing?
It is not the dumbest of your investment ideas, so far, right?
oh coinbase finally shut my account other than withdrawals. they say I failed to give proper kyc.
So that is the end of them for me as I simply am not giving them more info than.
passport
real id
bank accounts that show over 95,000 a year in direct deposit income
from three us government agencies.
opm fed pension
ssa
vet pension .
I do not understand why they think they did not get enough info.
I think it is censorship of some kind.
I wonder if they will do this to me with my other exchange accounts.
When they shut my account down in late 2018, they gave me similar kinds of lame excuses. I have not tried to register another account, yet I am not really opposed to having more ways to get in and out of bitcoin.. .. and sometimes we can feel limited in our options.. .. which also brings back my frequent preferences to have more options to e able to just use my bitcoin, including increased adoption might be helpful if we are able to transact with individuals with our bitcoin, though I am not transacting too often with individuals, which then points to a need for more merchants to accept bitcoin, but I continue to believe that current tax laws discourgage businesses from getting into such extra record keeping obligations.
Tax selling should be behind us now. I'm hopeful we will see 5 months of up only now. It is time for the market to decide if the 2025 high is in front of or behind us.
Yep. What are the odds?
Many of us have doubts.
I still consider it to be bettable for anyone wanting to take the other side of the bet..
I say that the top is not in, and sure many of us are likely hoping for the same thing.
Anyone wanting to take the other side of such proposed bet?
Interesting that such a bot can transition itself into such mode.
I know your post is a little bit tongue-in-cheek, phiilpma1957, and I'm sorry to hear you’re getting screwed over with KYC. This is one of the reasons that I've always considered my "cornz" to be an illiquid, unreliable asset. I know many have been able to cash out large amounts of Bitcoin but many have also been thwarted by the existing financial system or at the very least have been subjected to unreasonable and unwarranted delays and denials.
Yep.. Frustrating, and part of our vulnerabilities over the years to have various ways to be able to get in and out of bitcoin. surely exchanges are not the solution, but at the same time, how many of us can be transacting with each other.. and yeah more and more KYC options are coming available.. while non-KYC avenues are not exactly encouraged, but they still exist.. but ongoingly attacked.
It would be nice if LocalBitcoins would be able to come back... which was a great way to be able to at least search for people wanting to network about exchanging bitcoin.
In the early days, it was relatively hard to acquire them; you had to be right on top of things to get a mining device in within a decent time frame with difficulty skyrocketing while wading through the various scams. I resorted to some PayPal deals, in-person cash deposits to bank accounts, and I even sent cash using registered mail.
When I finally discovered exchanges, I was so happy that it was finally going to be easy to get some Bitcoin and yet I still found myself having to make in-person cash deposits at a bank. Well, that didn't last long before the bank said "Nuh-uh" and the exchange had to find other funding methods - weird bill pay solutions that took a hefty percentage of a deposit. At the time, I hadn't even thought about cashing out my coins, so getting fiat money out wasn't something I had considered until the bank didn't want to deal with the exchange.
That was probably the first time I even wondered if I would be able to sell them for fiat in the future. I looked to a larger exchange - Mt. Gox - read up on them and understood it was previously a trading card website that was bought by Karpeles. "Wow," I thought, "this doesn't alleviate my fears one bit." When I realized I had to wire money to another country in order to buy Bitcoin, I wondered again about selling and getting fiat for Bitcoin. I wasn't going to wire money to Japan for anything ever, so that was out.
Of course, you were about 8-9 months earlier than me to the forum, yet by the time that I was looking into bitcoin, MTGOX was already having a lot of liquidity and locked account situations, so I was not even close to trying to figure out how to establish an account with them. My first three accounts were Local Bitcoins, Coinbase and BTC-e, and they were pretty much simultaneously established. Local Bitcoins was an immediate way to get started, and Coinbase had several limits that slowly raised the longer that we had accounts. I did not buy bitcoin through BTC-e, but instead just wanted to play with having an exchange. and yeah, I stared out having shitcoins too..
Sure, small amounts would be simple to buy and sell, but what if one day it was worth tens or hundreds of thousands of dollars? Am I going to be using Bitrefill, Coincards, Gyft, or hundreds of those stupid $1000 lifetime limit Visa or Mastercard debit cards to cash out? Then QuadrigaCX came along and alleviated my fears with quarter-page ads in the local newspaper. I might in fact be able to cash some in one day... and then, the CEO (Gerald Cotten) and the only person in the company apparently controlling the keys to the "cold" wallet "died" of "complications from Crohn's disease" while visiting India to check on an orphanage he was building for charity. “That's a bold strategy, Cotten. Let's see if it pays off.”
I did a quickie research on QuadrigaCX's dates, and it appears that it operated 5-6 years (from 2013 to 201/2019?) before it went out of business... so surely you would have had opportunties to put money there... and so we need not focus on its demise. There were likely a lot of Canadians who put at least some of their money into them (held some of their coins there).
The investigators managed to find ~100 accessible Bitcoin from the exchange, with reportedly 100k+ locked away forever. That part I'm not even sure about because Mr. Cotten apparently had a bit of a gambling problem and was using customer funds with leverage on other exchanges trying to grow more corn all the while siphoning off funds so his girlfriend could buy properties. Then there was BTC-TC, Vicurex, Cryptsy, BTC-e, Havlock (which I lovingly referred to as Havenot), and of course, more recently FTX.
From my recollection, a lot of Cotten's behaviors did not add up, including that it appeared that he was trading BTC in order to money launder rather than actually losing money in his supposed trading.
Anyway, I have so many other stories, but before I get carried away and totally blow my opsec, my rather long-winded point is that I would be much more inclined to believe that my ability to convert Bitcoin to fiat is compromised long before the U.S. government defaults on its debt.
I don't trust whatever supposed "friendly" bitcoin approach is going on in the USA government either..., They are not being friendly enough from my own point of view in terms of something like local bitcoin's coming back... Local bitcoins went away in 2018/2019 too. First in 2018, they got more draconian about KYC, and then in 2019 they shut down in the USA.. and then later they shut down in other locations (world-wide). They were a pretty good place to exchange coins.
Compared to obtaining, hodling, or converting Bitcoin, how hard is it to create numbers out of thin air and package them with seductive interest rates (which is just money-in-waiting to be created out of thin air at a later date)? The U.S. Treasury has special powers they can exercise over and above the debt ceiling, and no Congress is going to shoot itself in both feet and the head by refusing to increase the debt ceiling to pay the U.S. debt... well, not any time soon imo.
When I got into bitcoin, I had frequently thought that the dollar was in a demise mode, but it may well take 30 years or more to demise. There have been some acceleration effects in recent times, but I would imagine that a lot of other currencies will meet their demise prior to the dollar's complete demise.
I know that I probably screwed it up by responding to your baloney. hahahahahaha
#nohomo.. you gotta throw in a few insults to make it a more pure JJG mode.. [edited out]
trump is a much needed accelerator for default of t-bills.
he will make a trumped-up charge and china and declare all bonds they held or sold are void.
2026 is when this happens
I will agree that Trump seems to be serving as an accelerator, yet I have my doubts if it is a "needed" accelerator.
Yeah I will keep my coinbase account open as I need it for tax records.