Mentioned this 50 pages back , people retorted about money laundering. You just need some one you can trust to open up a company in Africa .Plenty of immigrants here. Sad that these greedy fucks are pushing shit underground.
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
That's a VERY common scam. They go to the twitter thread of someone very popular in the crypto world and impersonate someone that people might trust, and make the "I'm giving away X amount, just send me Y amount, and i'll send the funds back to the address that sent it". The thing is, they also use a shitload of bots to act like random people who tried it, and actually got the money. They do this to make people think that it's really legit.
As was already said, if ANYONE ask you to send them money, in order to get money back, it's a scam. If they really wanted to give away money, they could just ask for your public address.
I asked this question several ages back and received no response so i'l ask again.
Has anyone had problems actually withdrawing money form these exchanges? I don't care how much you potentially have....if it isn't in your possession then you just have money on paper.
I ask this because I've heard of exchanges arbitrarily freezing withdrawals, restricting selling/trading, various tiers etc. A true exchange does NONE of this shit. By true exchange, I'm referring to NADEX for example. It's based in the US (Chicago) is highly regulated, no withdrawal limits, does not restrict trades, etc.
I trade on the NADEX platform for a living and my minimal monthly goal is to make 10k after taxes. Been using this exchange since 2013 and have had NO problems whatsoever. I've read reddit stories and testimonials form else where several people have had issues.
So again, has anyone ever removed a good amount of money out of these exchanges without issue and done so regularly? I pull at least 10k per month. I'm not talking about moving 1 or 2k or some shit
Has anyone had problems actually withdrawing money form these exchanges? I don't care how much you potentially have....if it isn't in your possession then you just have money on paper.
I ask this because I've heard of exchanges arbitrarily freezing withdrawals, restricting selling/trading, various tiers etc. A true exchange does NONE of this shit. By true exchange, I'm referring to NADEX for example. It's based in the US (Chicago) is highly regulated, no withdrawal limits, does not restrict trades, etc.
I trade on the NADEX platform for a living and my minimal monthly goal is to make 10k after taxes. Been using this exchange since 2013 and have had NO problems whatsoever. I've read reddit stories and testimonials form else where several people have had issues.
So again, has anyone ever removed a good amount of money out of these exchanges without issue and done so regularly? I pull at least 10k per month. I'm not talking about moving 1 or 2k or some shit
Bitcoin and Cryptocurrencies Are Commodities, Federal Court Rules
Mar 7, 2018
Regulation
Courts, financial regulators, legislators and governments around the world are struggling to fit bitcoin into their existing frameworks. Different legal definitions for the disruptive innovation that is cryptocurrencies can have profound ramifications for the instruments in each jurisdiction such as what agencies will regulate them, under what laws, and how users will be taxed, if at all. A new ruling by a US federal court now tilts the scales towards viewing them as commodities, but that is not likely to be the final word as American lawmakers have yet to have their say.
Also Read: Taiwanese Airline to Accept Cryptocurrency Payments for Flight Tickets
Cryptocurrencies Are Commodities
Bitcoin-like cryptocurrencies can be regulated by the U.S. Commodity Futures Trading Commission (CFTC), U.S. District Judge Jack Weinstein ruled on Tuesday. The federal judge thus upheld the CFTC’s position from 2015 that cryptocurrencies are commodities, saying it was supported by the plain meaning of the word “commodity” and that the agency had “broad leeway to interpret the law” regulating commodities (The Commodity Exchange Act of 1936).
This ruling came about because the court had to decide whether the CFTC was able to prosecute an alleged fraudster who promised clients cryptocurrency trading advice but never delivered (Patrick McDonnell and his company Coin Drop Markets). By allowing the agency to continue with the case, the judge set a precedent for all other legal cases where defense lawyers might have argued that the CFTC has no standing because bitcoin is not a commodity.
Many ICO Tokens Are Still Securities?
This development is unlikely to deter other American regulatory agencies from also asserting their jurisdiction over the ecosystem. Ropes & Gray investment management counsel Ed Baer explained: “While District Judge Weinstein’s ruling confirms the U.S. Commodity Futures Trading Commission’s prior determination that virtual currencies like bitcoin are “commodities” subject to regulation by the CFTC, recent statements by U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton suggest that various types of these cryptocurrencies – especially coins issued in initial coin offerings (ICOs) – may be securities subject to regulation by the SEC.”
He added: “The challenge for cryptocurrency exchanges and investors, as well as for regulators such as the SEC and CFTC, will be to determine which of the over 1,000 types of these cryptocurrencies are securities and which ones are not. Given that the test used to determine whether an instrument is a security was developed more than 60 years before Satoshi Nakamoto published the paper describing bitcoin, the uncertainty around the regulatory treatment of most cryptocurrencies will remain despite Judge Weinstein’s ruling.”
Mar 7, 2018
Regulation
Courts, financial regulators, legislators and governments around the world are struggling to fit bitcoin into their existing frameworks. Different legal definitions for the disruptive innovation that is cryptocurrencies can have profound ramifications for the instruments in each jurisdiction such as what agencies will regulate them, under what laws, and how users will be taxed, if at all. A new ruling by a US federal court now tilts the scales towards viewing them as commodities, but that is not likely to be the final word as American lawmakers have yet to have their say.
Also Read: Taiwanese Airline to Accept Cryptocurrency Payments for Flight Tickets
Cryptocurrencies Are Commodities
This ruling came about because the court had to decide whether the CFTC was able to prosecute an alleged fraudster who promised clients cryptocurrency trading advice but never delivered (Patrick McDonnell and his company Coin Drop Markets). By allowing the agency to continue with the case, the judge set a precedent for all other legal cases where defense lawyers might have argued that the CFTC has no standing because bitcoin is not a commodity.
Many ICO Tokens Are Still Securities?
He added: “The challenge for cryptocurrency exchanges and investors, as well as for regulators such as the SEC and CFTC, will be to determine which of the over 1,000 types of these cryptocurrencies are securities and which ones are not. Given that the test used to determine whether an instrument is a security was developed more than 60 years before Satoshi Nakamoto published the paper describing bitcoin, the uncertainty around the regulatory treatment of most cryptocurrencies will remain despite Judge Weinstein’s ruling.”
Nope just send to coin base and then
To bank...
Once I went through their nosey ass
Know your customer shit
It's a breeze
Thanks for taking the time to answer! I might look more into getting into cryptos although I have my reservations. I keep an open mind though.
This question has been answered several times.. most US people are using Gemini for large withdrawals and other use coinbase for smaller withdrawals btw you can also use bitstamp
Bitcoin and Cryptocurrencies Are Commodities, Federal Court Rules
Mar 7, 2018
Regulation
Courts, financial regulators, legislators and governments around the world are struggling to fit bitcoin into their existing frameworks. Different legal definitions for the disruptive innovation that is cryptocurrencies can have profound ramifications for the instruments in each jurisdiction such as what agencies will regulate them, under what laws, and how users will be taxed, if at all. A new ruling by a US federal court now tilts the scales towards viewing them as commodities, but that is not likely to be the final word as American lawmakers have yet to have their say.
Also Read: Taiwanese Airline to Accept Cryptocurrency Payments for Flight Tickets
Cryptocurrencies Are Commodities
Bitcoin-like cryptocurrencies can be regulated by the U.S. Commodity Futures Trading Commission (CFTC), U.S. District Judge Jack Weinstein ruled on Tuesday. The federal judge thus upheld the CFTC’s position from 2015 that cryptocurrencies are commodities, saying it was supported by the plain meaning of the word “commodity” and that the agency had “broad leeway to interpret the law” regulating commodities (The Commodity Exchange Act of 1936).
This ruling came about because the court had to decide whether the CFTC was able to prosecute an alleged fraudster who promised clients cryptocurrency trading advice but never delivered (Patrick McDonnell and his company Coin Drop Markets). By allowing the agency to continue with the case, the judge set a precedent for all other legal cases where defense lawyers might have argued that the CFTC has no standing because bitcoin is not a commodity.
Many ICO Tokens Are Still Securities?
This development is unlikely to deter other American regulatory agencies from also asserting their jurisdiction over the ecosystem. Ropes & Gray investment management counsel Ed Baer explained: “While District Judge Weinstein’s ruling confirms the U.S. Commodity Futures Trading Commission’s prior determination that virtual currencies like bitcoin are “commodities” subject to regulation by the CFTC, recent statements by U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton suggest that various types of these cryptocurrencies – especially coins issued in initial coin offerings (ICOs) – may be securities subject to regulation by the SEC.”
He added: “The challenge for cryptocurrency exchanges and investors, as well as for regulators such as the SEC and CFTC, will be to determine which of the over 1,000 types of these cryptocurrencies are securities and which ones are not. Given that the test used to determine whether an instrument is a security was developed more than 60 years before Satoshi Nakamoto published the paper describing bitcoin, the uncertainty around the regulatory treatment of most cryptocurrencies will remain despite Judge Weinstein’s ruling.”
This is not really saying much but they
Don't really know how to approach crypto currency
But all these weak handed fickle ass
Crypto currency investors are so shook
They sell on any news that comes out on
Crypto no matter how serious or credible
It is...
imo the only thing that matters to me is what the irs says...
Yea but they say any stupid shit
Just to get that money..
It's interesting because the irs is defining
Crypto as property not a commodity
So I'm wondering if that makes a difference
And if so what does it mean to the average
Crypto holder...
People aren't even going to tell them what it's for. They just going to pay them an upfront fee for their foreign information.
These greedy bastards just need to stfu and let shit ride until they figure out what cryptos are. Perhaps these agencies both need to step aside and a new one needs to be formed. Until they do that, stfu.
IRS says it's property. FEDs trying to arrest people for not having money transmitter licenses. CFTC wants in. It's just sickening to watch, especially this securities shit.
I'm hoping exchanges with a shit load of money like Binance don't do anything until these assclowns come up with real laws on it. All these agencies trying to do shit to benefit themselves is just creating confusion.
I was listening to Carter Thomas speak on the subject matter yesterday and he said all three were correct...
Irs, sec and cftc
I know I'm willing to pay a reasonable amount
Of taxes but these muthafuckas....
Are just acting like a bunch of lil kids
Who just found out where mommy hid
The candy jar..
They are really showing how crooked and money hungry they are... fuck the well being
Of the people.
They are really gonna send this shit under ground and really lose out..
They keep this up
my whole portfolio is
Gonna be privacy coins.
Last edited:
You're still a US citizen
Yeah well they are all full of shit crypto is just
Numbers on a screen untill you
Cash out..
All that shit they saying (property/commodity) physical
Things that can be touched..(raw materials/primary agricultural product) property.
Crypto is virtual since when is virtual a physical thing..
That's like buying the video game
need for speed and calling
The cars you acquire in the game physical
Property and paying the i.r.s taxes on that....
See how fucking stupid the irs is
All they should be allowed to do
Is tax the money you cash out to.
Fiat on...
If so many people here didnt
Depend on me I wouldve been
Left this prison ran by gluttonous banksters and their puppet govt ...
Last edited:
Exactly plus they can accuse you of trying
To be deceptive and snipe yo ass
Wesley style
They really going after you if they feel you were
Trying to hide out and deceive them from getting THEIR hands on YOUR money...
You would have to denounce your
Citizenship and dont look back..
and if you a traveling man its not hard to do..
Last edited:
Gemini? Link?
Does it even have to be a company? Can it just be a personal account abroad?
What if you don't want to go back thru Coinbase & the linked account? Can you have it sent to a bank account in another country?
*don't quote this post, I plan to delete it later.
But my money ain't
Good question!
Let's say I go to Aruba and want to withdraw some cryptocurrency, what's the best way of going about that without it being traced back to my coinbase acc & the linked U.S. bank account?
Yeah, they going to protect the people right out of the fucking profits. It's only going to be big money that can make money. Right now, the little guy still has a fucking chance. Buy the time the greedy fucks get done, it will be for accredited people only.
Naturally, citizens of other countries will get to play. But folks in the U.S. China, Iran, North Korea, and Iraq will be cut out. Look at that fucking list. Land of the free my ass, but those the countries were residents are told to fuck off by ICOs. I think Russians ain't even banned.
Then you may as well do it from the US. You just have to trust someone. Either way, it's not a topic to worry about. You can make a lot of money buying coins from exchanges and participating in ICO's as a US citizen legally.
1) Send your money from Coinbase to an official Bitcoin wallet.
2) Use a Bitcoin debit card at an ATM in Aruba and take it out as cash.
You're not going to be able to lie to a bank in Aruba to open an account.
the shit thats really retarded about it
is they act like they are doing it for our well being..
they are so afraid of us investing money an losing it...
these the same muthafuckas that have no problem sending 18 year olds off to war...
un fuckin believable
prive, verge, zcoin, monero dash.....
and the underground web, is gonna be where we are
headed...
its gonna be shakey at first.. but after the quirks get worked out its gonna be smooth
truth be told.. Im gonna tell you a little secret.. Ive been following crypto currency for awhile now
and trust me, the hardcore crypto holders predicted this
and been investing and cashing out without going throught their banks...
but yea those are gonna be the coins of the future..
@dHustla
lol,
yea but the problem would be setting up a bank account in another country, a lot of international banks will deny u.s customers because they dont want any beef
since these fuckers that run your govt passed the
us foreign account tax compliance act in 2013..
rather than deal with that bullshit they are telling
american customers to just go away and forcing them
to close accounts
but if this govt keeps up the greed there will be ways
to move money right under there gluttonous piggy noses..
lol,
yea but the problem would be setting up a bank account in another country, a lot of international banks will deny u.s customers because they dont want any beef
since these fuckers that run your govt passed the
us foreign account tax compliance act in 2013..
rather than deal with that bullshit they are telling
american customers to just go away and forcing them
to close accounts
but if this govt keeps up the greed there will be ways
to move money right under there gluttonous piggy noses..
It's just a shame. We thought 2018 was going to be it, now it's damn near assured.
I'm thinking they will eventually create a different agency for crypto. They just firing shots over folks heads and trying to scare people right now until they push out a new agency with whatever bullshit rules they come up with. A new agency would allow them to really make up shit as they go along.
Those DEXs are where it's going to be at.
yea dex is lookin good tho, it could be expensive since you will need eth gas from what I understand..
but to not have to deal with all this irs gluttony nonsense it just may well be worth it...
How did you get started trading binary options on NADEX? Any tutorials or guides you would recommend for a someone starting from scratch?
Shit. They expanding. An exchange that will be using NEO, QTUM, and ETH is launching this month. Shit is going to be crazy. Governments just are backpeddling right now. They just need to get the tax money and cut the games.
Cool thanks.
Is the only way to buy more with fiat to go thru Coinbase? I been trying to get away from them.
Should I just buy more in coinbase them move to a hardware wallet or offline wallet?
I don't use Coinbase. I use Bitstamp and do a bank transfer. You can also buy bitcoins from people using localbitcoins.com.
okay.... about to transfer my wagerr waves over to wagerr tokens.. hmm