Bitcoin

[Miketyson52]

Shame for bitcoins

 

[AGGRO]

The best way to do BTC is to NOT use coinbase (except for investment purchases / using for purchases at amazon, etc, other legal stuff). You MUST purchase annonymously either through localbitcoins, wallofcoins, bitcoin ATM, or similar. Fortunately, you can have many wallets. Then you just need to keep the stuff from online exchanges in a separate wallet (you do not want those BTC mixing with funds used for other reasons) and you'll be fine.

Why? Because BTC is inherently public, and ultimately you can be found since your purchases from online exchanges are linked to your identity.

It was a bit of a learning curve for sure, but find someone that really knows about BTC and can instruct you on all the ways to stay private as possible and you'll be fine.

DO NOT keep money in online exchanges, either. There are many good app wallets for your phone that provide a great amount of security and recovery ability. At the least, you should be using one of these.

:yeahthat: This right here!

 

[Big Slice]

I'm on a small semi private board.Guys have been sources there for 10 plus years.We all know each other.CIM is the only way I fly.

 

[ThinkTank]

I'm on a small semi private board.Guys have been sources there for 10 plus years.We all know each other.CIM is the only way I fly.

That's old school cool...

**broken link removed**

 

[Big Slice]

that's a great pic love some Johnny Cash.

 

[get it in ya]

China's central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 percent against the dollar.

The People's Bank of China (PBOC) said its probe of bitcoin exchanges BTCC, Huobi and OKCoin was to look into a range of possible rule violations, including market manipulation, money laundering and unauthorized financing. It did not say if any violations had been found.

Chinese authorities have stepped up efforts to stem capital outflows and relieve pressure on the yuan.




while the yuan lost more than 6.5 percent against the dollar last year, its worst performance since 1994, the bitcoin price has soared to near-record highs.

That, and the relative anonymity the digital currency affords, has prompted some to believe bitcoin has become an attractive option for tech-savvy Chinese to hedge against the yuan and skirt around rules limiting how much foreign exchange individuals can buy each year.

The PBOC in Beijing, where officers visited the offices of OKCoin and Huobi on Wednesday, said in a statement that "spot checks were focused on how the exchanges implement policies including forex management and anti-money laundering".

Separately in Shanghai, the PBOC said it visited BTCC, noting its checks "focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses, whether it was involved in market manipulation, anti-money laundering or (carried) fund security risks."

On the Europe-based Bitstamp exchange, the price of bitcoin BTC=BTSP fell as much as 12.5 percent to a 3-week low of $800.

On China's Huobi exchange, the price slid more than 16 percent to 5,313 yuan CNY=CFXS, equivalent to around $766, putting the yuan/bitcoin rate at a discount to the rate on dollar-based exchanges.

Normally, bitcoin trades at a premium in China, with a lack of trading fees encouraging volumes and boosting demand.

"Selling is being driven by China. The fear is that ... this investigation could lead to, worse-case scenario, funds being withheld from them (Chinese investors) or one of the exchanges being found to have acted improperly," said Charles Hayter, CEO of digital currency analytics firm Cryptocompare.

"This is a ratcheting up of the rhetoric from the Chinese authorities - instead of 'we're watching' you, it's now 'we're investigating' you," he said.

According to his analysis, Hayter says trading between the yuan and bitcoin accounted for around 98 percent of the total market in the past six months.

"The long term implications of this are positive as more rigor in the Chinese market only matures and brings respectability to the industry - but in the short term this could effect volumes which have been one of the key drivers of the recent rally," Hayter added.


"FRUITFUL MEETING"


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Bobby Lee, CEO of Shanghai-based BTCC, confirmed the PBOC visit, but said he believed the company was not out of line.

"We're definitely vigilant. We think we are in compliance with all the current rules and regulations of running a bitcoin exchange in China," he told Reuters by phone.

"I wouldn't call it an investigation. I think they are working closely with us to learn more about our business model and the bitcoin exchange industry. We had a very fruitful meeting today," Lee said.

A Huobi executive, who declined to be named, confirmed the PBOC visited its office on Wednesday, but declined to provide details. A spokeswoman for OKCoin told Reuters its platform was operating normally, and the exchange was working with the authorities.

Last week, PBOC officials met with the three exchanges, and the central bank publicly urged investors to take a rational and cautious approach to investing in bitcoin.

 

[landmarkchem.linda]

Happen to read this news today:banghead:

The situation is not optimistic

 

[King-kong]

Bitcoin seems to be a scam in the making

How could bitcoin values go from 230 to 890 in a few months.

It seems very confusing. So many shady wallets.

Wish mg or wu would just send money. End of story. Use a number both ends need

ID for pickup name. Then have a secret ?

Had MG stop a transaction. Us state to us state. Asked me my license number and lots of bs. Then said no. For 400 bucks.
Makes no sense.

I wish there was a co. Charge a fee. And stay out of people's business.
Can't send a few hundred a ten hour drive.
Haven't used them in five years. So not some odd reason.