Damn..how much u got? I need it to hit 100 before I say fuck the world and i got like 60k
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
That was me..
You're welcome!!!...
...this is only the beginning...and next month when the newbies come in here asking if they should buy XRP at $5...the answer is Fuck Yes!
That was me..
You're welcome!!!...
Hell yeah!!
I keep telling myself, don't buy on a pump, don't buy on a pump, but damn... This XRP is tempting and I want more! I'm gonna be patient and wait till it settles back between $1.60 and $1.80
Problem is people have been reporting Chase freezing and closing their accounts if money is sent or received from cryptocurrency.
Same for BOA
I have Chase and I use both accounts to send money to Coinbase no issues
worst case get a Capital 360 account and move money from there
This is basically my setup: Coinbase, credit card, ether, binance. That ether transfer takes no more than 10/15 mins.
Edit: did a Navy Federal money transfer. Shit has like an 8 business day wait. Credit card it is then.
Lol, I hear ya! I'm just going off the white paper 6 (8?) to 10 years. If it goes up earlier & faster then that, then my late 30s will be an interesting time.
I have heard/read no instances of BOA closing accounts for receiving $$$ ...not saying it hasn’t happened but there’s no record/links of that in this thread...the slack or anywhere else where I’ve read these horror stories...please read them closely
ripple’s a juggernaut...when you look @ how many exchanges it’s on and realize that when it runs it’s bcuz several continents are getting behind it and pumping $$$ into all those exchanges then you see how “insignificant” that supply will be in the long run...esp. w/ the surge in popularity that has resulted in 100s of billions entering the market in a matter of weeks
What price did you get in?
For the most part I was talking shit, 'fuck the world money' IMO is about $5-10 million after taxes, and I don't have anywhere near that much money invested in crypto. But ripple @ $30+ will definitely put me in a position to invest in some other ventures I've been saving towards for years. And that's when I'd start reevaluating...
true... but bank transactions are a huge market... and that amex thingy poppin off are all good signs ripple is headed in the right direction...
ripple is a buy and hold long term coin.... they dont really want an expensive coin because it wont encourage banks to use it... which is why they keep dumping more coins out there to keep the price down..
ripple is one of them coins that you can pretty much rest assure isnt going anywhere anytime soon...
lol join in. With all the coverage on crypto currency, msm going to "advise" investing in the next best since btc train has long gone. fuck it its a speculative market anyway, come lose some lil money with friends.XRP
i think i'll trade it on the forex market, get in on the swings.
I mentioned wax a few weeks back. They are still sending out tokens from the ICO. The initial price was 1 ETH/about $300 at the time for 150 wax, but they ended up giving us 10x tokens.At 1eth that was about .20 per wax token depending on the day you bought in and the price of ETH at that time. They are on an exchange now and will attempt to get on more after everyone has gotten their tokens (12/31).
It's basically going to be a token used to help with trading gaming skins. Their team was/is behind opskins which seems to already be a successful platform and has strong user support.
Anybody fucking with this Sether ICO (sether.io)? The coin supply is decent 100mil right, now it's .003 ETH per token which is like 2.20 right now. There's a 40% bonus through Jan 14. Mcafee was bigging it up for what that's worth, the project is basically integrating all existing social media platforms.
never gonna happen.....LOL!
3 pages back. Until this post I didn’t hear anything bad about BOA also.
Edit: that’s not it. Let me see if I can find the BOA article I read today.
I read that article for a second time just to be fair before I responded and again there was absolutely no mention of BOA shutting down an account for receiving $$$ from crypto-gains
All my crypto purchases were with a credit card and yes I had to pay foreign transaction fees. The interest rate was a non issue because I paid it off immediately. As I of now, I made my money back off those fees.
If you want, you can prepay your card so when the crypto payment hits, the money will be there to keep the higher interest rate from kicking in. But for that to work, you will need to keep your credit card pretty clear.
More fiat gateways. More exchanges. The fact it's 'legit' because of big banks. XRP can be huge in 2018. I know if it's in more places, I won't be using BTC to transfer shit. Fucking Bitcoin is only going to hurt itself with all these stupid ass forks and fees. And Ethereum has it's own issues with congestion.
As more quality alts get fiat pairings, a lot of people will say fuck BTC unless that shit gets its act together. Far too much drama in a world that is already too complicated for most.
As more quality alts get fiat pairings, a lot of people will say fuck BTC unless that shit gets its act together. Far too much drama in a world that is already too complicated for most.
Sorry. I’ve been researching all day I forgot where I read it.
https://www.cryptostache.com/2017/11/21/bank-america-froze-bank-account-buying-crypto/
Bank of America Froze My Account For Buying Crypto
By The 'Stache on Tuesday, November 21, 2017
Often when I talk about the unprecedented potential of cryptocurrency (and more specifically Blockchain technology) I speak about the financial freedom it gives you versus the strangle hold that traditional banking has had over most of us since we upgraded from the piggy bank. A life of "banker controlled wealth" is all we have ever known. Recently I had to close my Bank of America account after they froze my funds without any reason given. Unfortunately, banks are still necessary on a daily basis, but if I could go 100% crypto I certainly would do it in a heartbeat. There is nothing worse then the fear of not being able to pay your bills because your bank account has been frozen. Follow The 'Stache as I lay out all the nasty details, why they really froze my account, and how YOUcan avoid the same mistake.
Banking with Bank of America
I had been a "BofA" customer since 2008 when I first started my web development business, Long Beach Web Design. I chose Bank of America because, at the time, they were one of the only banks that offered a business account where if you spent a certain amount of money on your debit card they would waive the monthly account fee. While I had a few issues with them over the 10 years as a customer, it was never anything so damaging that I needed to leave (although I got close a few times!). Ultimately, when they released their mobile banking app I couldn't be happier as it meant I did not have to traverse the lines and second-rate customer service I had come to hate at Bank of America. With the mobile app I could just deposit my business checks from the phone and avoid walking into the bank or ATM altogether.
Money Services Monkey Business
The document came from the Money Services Business department of Bank of America. I had no idea what a Money Service Business was when I got the notice. The first page of the notice stated:
During a recent review, we found that some of the activites in your business accounts appear to be Money Services Business (MSB) activities. Typical MSB activities include check cashing and issuing or redeeming money orders and/or traveler's checks. You can refer to the enclosed form for more detailed definition of an MSB.
After reading this and the detailed description of an MSB, I certainly didn't engage in anything that would remotely be considered an MSB. Regardless, the notice was pretty clear that if I did not submit 8 pages of very detailed information on just about every aspect of a business that you could inquire about, they "may have to restrict or close accounts that don't have all the required information".
Here is the entire PDF that I scanned and as you can see the information and documents they requested was extensive.
I read through all the requested information, none of which applies even remotely to my business until I got to page 4.
Part 6 - Virtual Currency
This basically stopped me in my tracks...
In comparison to all the other questions and information they were asking this seemed like a square peg in a round hole. It really didn't fit within the context or even within their OWN description of what a Money Services Business was. As you can see, even if you are just a "User" of cryptocurrency, this may qualify you as a Money Services Business. I have only ever made 3 total transfers of fiat to Coinbase from my Bank of America business account. The first was in late 2013 (my first BTC purchase ever), the second two where both earlier this year for $400 and $1000 respectively. I have never sent any funds from Coinbase back to my BofA account to "cash out" as I like to keep my profits in crypto. The fact that I had done this quite a few years ago and never received this notice, but was now receiving it just a month or two after my 2nd and 3rd fiat conversions, was a tale-tell sign that there was some fishy business going on...
I read all of this already...and once again it has nothing to do w/ cashing out...it’s even in the title...not trying to be a jerk...but BOA has drawn a fine line between ppl who are cashing out which they have proven to be receptive to vs. ppl who are using BOA accounts to purchase crypto...I can only speculate why that fine line exists but it does...I’ve read/heard nothing however about ppl having issues w/ BOA when it comes to withdrawing gains from crypto...this dude’s problem came into play when they discovered the opposite was happening...dude even mentions he’s NEVER made an attempt to cash out any gains from crypto
Sorry. I’ve been researching all day I forgot where I read it.
https://www.cryptostache.com/2017/11/21/bank-america-froze-bank-account-buying-crypto/
Bank of America Froze My Account For Buying Crypto
By The 'Stache on Tuesday, November 21, 2017
Often when I talk about the unprecedented potential of cryptocurrency (and more specifically Blockchain technology) I speak about the financial freedom it gives you versus the strangle hold that traditional banking has had over most of us since we upgraded from the piggy bank. A life of "banker controlled wealth" is all we have ever known. Recently I had to close my Bank of America account after they froze my funds without any reason given. Unfortunately, banks are still necessary on a daily basis, but if I could go 100% crypto I certainly would do it in a heartbeat. There is nothing worse then the fear of not being able to pay your bills because your bank account has been frozen. Follow The 'Stache as I lay out all the nasty details, why they really froze my account, and how YOUcan avoid the same mistake.
Banking with Bank of America
I had been a "BofA" customer since 2008 when I first started my web development business, Long Beach Web Design. I chose Bank of America because, at the time, they were one of the only banks that offered a business account where if you spent a certain amount of money on your debit card they would waive the monthly account fee. While I had a few issues with them over the 10 years as a customer, it was never anything so damaging that I needed to leave (although I got close a few times!). Ultimately, when they released their mobile banking app I couldn't be happier as it meant I did not have to traverse the lines and second-rate customer service I had come to hate at Bank of America. With the mobile app I could just deposit my business checks from the phone and avoid walking into the bank or ATM altogether.
Money Services Monkey Business
I run a pretty low key web development business where I do hosting, build websites, develop e-commerce solutions. This had not changed in the 10 years I was with Bank of America, but on September 18th, 2017 I received a very curious multi-page document in the mail asking me to return 8 pages of information about my business by October 18th, 2017 "to avoid any interruption of service" to my business account.
The document came from the Money Services Business department of Bank of America. I had no idea what a Money Service Business was when I got the notice. The first page of the notice stated:
During a recent review, we found that some of the activites in your business accounts appear to be Money Services Business (MSB) activities. Typical MSB activities include check cashing and issuing or redeeming money orders and/or traveler's checks. You can refer to the enclosed form for more detailed definition of an MSB.
After reading this and the detailed description of an MSB, I certainly didn't engage in anything that would remotely be considered an MSB. Regardless, the notice was pretty clear that if I did not submit 8 pages of very detailed information on just about every aspect of a business that you could inquire about, they "may have to restrict or close accounts that don't have all the required information".
Here is the entire PDF that I scanned and as you can see the information and documents they requested was extensive.
I read through all the requested information, none of which applies even remotely to my business until I got to page 4.
Part 6 - Virtual Currency
This basically stopped me in my tracks...
In comparison to all the other questions and information they were asking this seemed like a square peg in a round hole. It really didn't fit within the context or even within their OWN description of what a Money Services Business was. As you can see, even if you are just a "User" of cryptocurrency, this may qualify you as a Money Services Business. I have only ever made 3 total transfers of fiat to Coinbase from my Bank of America business account. The first was in late 2013 (my first BTC purchase ever), the second two where both earlier this year for $400 and $1000 respectively. I have never sent any funds from Coinbase back to my BofA account to "cash out" as I like to keep my profits in crypto. The fact that I had done this quite a few years ago and never received this notice, but was now receiving it just a month or two after my 2nd and 3rd fiat conversions, was a tale-tell sign that there was some fishy business going on...
chase closed my acct after about 6 months of wiring money to kraken to buy cryptos. In total I had probably wired about 500k within that 6 months period. I've then Switched over to BOA, it has been about 6 months now also. I've have also wired about 5/600k to kraken with BOA so far. Haven't heard anything from yet, we'll see....
I got it at less than a penny...ty BGOL
And I agree...5 to 10 after taxes is my goal...when XRP hits 125..Imma be hard to find!
Bruh...get on this train NOW!...I'm selling everything besides my sia and tenx for more XRP
GL in your decision
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