hah, I see we joined just a few days apart! Oh no, I'm no whale. Just a small time hodler who keeps selling during bubbles but neglecting to buy it all back when it crashes. I wish I had joined Vlad as well ;p

Definitely this. BTC is just one whale away from dumping to 29k with that whale selling only a few hundred of their thousands of coins. This rally will see some real pull back when a whale decides to sell, and I would think one will soon as with a new year comes a new tax season.

Will buyers (and institutions, and grayscale) be able to absorb the selling? I'm optimistic they can, but it wouldn't be BTC if we don't revisit 20K with some random selling at 3:42AM across every exchange. When it happens, you know some person just became a billionaire in fiat terms. Have fun with the taxes!

Finally logged into BCT after a few years. Good to see that he at least when to prison even if he got out shortly after.

fiat is not real, so why would you be "seriously concerned" that some imaginary money is changing hands out there? Could it be possibly used more effectively in pursuit of a vaccine? Sure, but that doesn't seem what you are saying.

This last year has shown that stocks and crypto are dancing to the same tune. Risk on/risk off is the only trade on wall street, and wall street has made it the only trade in crypto-land too. Stocks and crypto are highly correlated now a crash in stocks is going to be another crash in crypto.

If you don't use leverage then you'll never be wiped out, but that could be one hell of haircut.

BTC has just been the same risk on/risk off trade as everything else in the stock market this year. It used to be a separate entity, but this long wished for adoption by wall street is unfortunately making us just play by the same rules.

Where will it go? I guess Powell is pushing for up, but I think we'll revisit our February lows again.

Are US-based customers not allowed? Tried to sign up just now and there doesn't appear to be an entry for United States as the country of residence.

I had assumed November 9th as well, hence my surprise when just 9 days after the announcement BFX cut off lending for all US customers. I don't know why they would say one thing and then do another.

You can still buy and withdraw crypto, but that's all. BFX has the ability to process USD withdrawals, they simply don't want to for small-time customers. You can read about it in prior announcements from August or so.


The announcement also should have said what will happen to customers who have USD/BTC tied up in 26+ day lending at the time of the announcement. That money will be returned to US accounts after Nov. 9th, but those accounts will be completely frozen. They will be unable to buy BTC, withdraw BTC, or do anything else.

Why create this situation? It is eminently foreseeable and could be addressed by simply cutting off lending 30+ days before accounts are frozen. BFX management is bizarrely incompetent, supposing they care at all about their customers.

The announcement contains misleading and false information, as well as being so generally vague. This is exactly the type of half-assed bullshit that BFX regularly peddles. It also makes no mention of how one is to withdraw USD, nor any type of reasonable offer like waiving wire fees or final trading fees on these force conversions since this is all BFX's fault. Let's look more closely.

"As indicated in the announcement, we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017."

The previous announcement gave no date, so it was not "indicated." What does "by no later than" mean here? Tomorrow? November 9th at midnight? Why be so vague? Why not have an actual lawyer write these instead of Raphael or Giancarlo, or whomever?

"This restriction will remain and, in addition, U.S. individual customers will no longer be able to provide financing on Bitfinex effective November 9, 2017."

This is simply false. This clause contains no "by no later than" language and says effective November 9th. Instead of going by their publicly posted timeline BFX cut off US lending on October 25th.

Why does BFX provide vague and outright false information to their customers? Let's hope they are merely incompetent. If there was any other site that offered lending and leverage like this then they would sweep up all of the business because of BFX's bullshit.

BFX is slimy, but are your "losses" her in the from of hypothetical gains if you had held all of the coins BFX took @$636 or whatever? That's a bit suspect if so. You could have bought in when they redeemed all tokens and been ahead even in that hypothetical game.

And since BFX has still yet to issue an announcement about this, yes, if you are a US user you are unable to lend and need to convert to and withdraw BTC, or contact support for a USD withdrawal.

A mature company would have made an announcement containing the date USD could no longer be lent by US customers, then had the withdrawal date 30+ days after. BFX decision making always seems to be this frenetic ill-thought out policy that screws some portion of their customer based needlessly.

Read more carefully. It is not November 9th.

BFX replied to my support email and said it was a mistake related to the latest fork.

I am a verified US BFX user and I can no longer transfer balances between wallets, loan, or buy/sell crypto.

Last I checked it wasn't November...anyone else having this problem?

Used it how? Was it you giving them money, or you taking it out?

Has anyone, anywhere been able to send USDT to tether, and then ACH that at a 1:1 rate back to their bank account?

Ah, guess I am thinking of a different house!

Did he ever own a house?

He was renting that one (remember all the move out shenanigans and fines for damages?), and then Jessica was attempting to be the realtor for the sale of another.

I've just been transferring BTC out with that damn $2,000 limit every day for quite awhile now.

I submitted level 2 about 4 weeks ago, but I no longer feel quite so ignored if you are going on 8+ weeks.

Why is Bitstamp now $200 more than Bitfinex? How the heck did this reversal come about?

The thing about risk is that you pretty much can't gauge it.

My suggestion to you, or anyone, if you are planning on 100% holding for a much higher price than now is to consider if even your dream price actually changes your life. Will $4,000/BTC materially change your life? I don't mean buying "something nice," that's just stuff. It will probably be thrown away or destroyed in 10 years.

I mean, how do current profit levels effect your actual day to day existence? Would it allow you to buy a house? To get a degree that you really need for your career? To retire?

If BTC doubles do any of those big picture things change? No? Then not a significant material difference. You might consider selling 20% if there is no significant material difference between doing so now, versus in this hoped for future of even higher BTC prices.

Think about what is actually being gained at different levels, as well as what is lost. Then make a decision. Just doing it because it's risky is utterly illogical. If you actually see a major change to your day to day existence that is mathematically possible, then you can at least make an informed--if risky--decision. But remember, the most likely event based upon BTC history is that at some point you will be able to buy back in for less than you sell for today.

Of course it will drop again.

I would consider $1250 as a near certainty at some point in the next six months, even if this rally reaches all the way to $3000.

And as the poster above me mentioned, sell a portion. Sell even just 20% of what you plan on selling at $2000, then list another 50% of what you planned at $1998, then list some more at $2100, 2200, etc.

Never go all in, or all out.

Seriously, leave the dead guy alone. That's really over the line to harass someone by ripping open their entire family's emotional wounds. Those people did not do anything to you--just Josh did.