Lex Luthor wrote: » what if the car is priced in bitcoin rather than USD or EUR?
BrandonBay86 wrote: » $46,000 Nicer
bfa1509 wrote: » I'd much rather a $46k in April/May+. It's a marathon not a sprint! Having said that, I'm never selling anyway!
BrandonBay86 wrote: » 80k December
Rob2D wrote: » That's starting to look conservative.
BrandonBay86 wrote: » I won’t say what I really think..
makeorbrake wrote: » That the moment everyone starts thinking the same thing in a market, the market goes the other direction? Playing devils advocate and I myself would probably be quicker than anyone to make the case for a 6 figure btc valuation. However, this upsurge began without much in the way of fever. It was all very sober. That has changed though in the past ten days from what I'm seeing. If it wasn't for the fact that sovereign currency is complete garbage perhaps there would be much more cause for concern.
Thargor wrote: » ATHs in ETH and BTC, incredible. Wonder what price action we'll see @round 50k BTC? Surely that must be a whale or twos sell target?
correct horse battery staple wrote: » Why? Because 100K+ dropping in bank account and then going for a tesla would result in all sorts of questions asked and potential to have current account closed (which could be a nightmare if salary goes there etc), all sorts of horror stories about likes of n26 closing accounts, i sold a bit at previous ATH couple weeks ago to buy a car for myself, the bank was ringing me asking why is there "unusualy large deposit" i explained it was from Kraken for a car and that i be paying tax on that later in year and have receipts etc on hand, that seems to have satisfied them. But fact that one gets questioned in first place is uncomfortable, you swear you are doing them a favour by being a customer.
Jin luk wrote: » Today could be the day XLM jumps XRP, good start to the day for stellar.
irish_goat wrote: » Just to expand on this, I work for a bank in the North in anti-money laundering and our stance is that you can buy crypto from your account but can't sell it. So we won't worry too much if you're sending money to Coinbase but will question you if there are regular payments coming from Coinbase. It's a bit ridiculous but that's the appetite the bank have decided on. In reality, if you have one large "cash out" we're not going to do much but we have offboarded a few people who were regularly sending payments to and fro. What other funds you have coming in will also determine how we approach the account as well i.e. if you have a regular salary vs regular cash lodgements from an unknown source. Likewise, if you then send the funds to a Lamborghini dealership or use it to clear your mortgage account we will be less likely to raise suspicions vs if you transfer the lot to an unknown 3rd party. I think we will soften our approach gradually as crypto becomes more maintstream, but in the meantime the worry is that it will be used by the likes of drug dealers and tax avoiders (which we have found a few of) so we're (being told) not to take any chances.
Bob24 wrote: » Interesting. I know you are just passing the information and this is not you own opinion, but having no problems with people sending money to exchanges and then blocking them when they try to get that money back is very hypocritical. I understand it is the bank just not willing to take any chance, but only blocking things one way is rather disrespectful of its customers. Out of curiosity and if it is OK to share, what kind of amounts from crypto exchanges are starting to raise serious attention? 5 digits? lower 6 digits? More?
irish_goat wrote: » Absolutely hypocritical and I think we could have some angry customers down the line if they eventually decide to sell as they've no idea we're not comfortable with the funds landing back Our official line is any amount, but we're unlikely to be looking at your account unless there is another reason i.e. you're lodging regular cash from unknown sources in the branch or you're sending money to/from abroad. You'd be talking mid-high 5 figures for our system to flag you up otherwise.
irish_goat wrote: » Just to expand on this, I work for a bank in the North in anti-money laundering and our stance is that you can buy crypto from your account but can't sell it. So we won't worry too much if you're sending money to Coinbase but will question you if there are regular payments coming from Coinbase. It's a bit ridiculous but that's the appetite the bank have decided on.
RoboRat wrote: » What about if you cashed out via Paypal and then deposited from Paypal? I'm sure that wouldn't raise too many flags as it could be seen as a sale of something second hand?
BrandonBay86 wrote: » At the end of the day it’s your clean money so whether or not the bank make a fuss of it you’ll eventually get it. I won’t be stressing over it
irish_goat wrote: » The issue is the bank have no way of knowing it's clean.
deathbomber wrote: » Isn't tbe founder the good doctor Hosp? Complete ðŸ snakes are not to be trusted in life!
irish_goat wrote: » You could but a large amount from PayPal for something second hand would be unusual and we might ask for a PayPal statement to show the origin of the funds. Regular amounts from PayPal would also raise suspicion. The issue is the bank have no way of knowing it's clean.
Bob24 wrote: » So assuming someone disposes of 100000 worth of a BTC ETP and transfers it back to their bank account from their broker, their will be no issue raised? (if it is BTC wrapped into an ETP at a broker with a track record of the buy and sell orders, there is no way it could have originated from illegal activities).
Donegal1234 wrote: » After months of doing nothing my coin Matic network has done a x8 in 5 weeks. Sweet. All them months staking at 25% apr was well worth it.
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