masochist 1. Psychiatry. a person who has masochism, the condition in which sexual or other gratification depends on one's suffering physical pain or humiliation. 2. a person who is gratified by pain, degradation, etc., that is self-imposed or imposed by others. 3. a person who finds pleasure in self-denial, submissiveness, etc.
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Exchanges don't need anyone to store their fiat and coins on their site, to stay in business. They make a profit on every trade. They don't make loans like a bank so it's only a risk to hold the coins. Unless of course, they plan on stealing when it's worth it to do so. So don't leave large amounts on any of these exchanges. Unless you have a fetish "get off" by getting robbed.
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I should've trusted Vircurex and Kept all my coins up on their exchange for all that big interest they were offering. Not.
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My routine has been pretty simple. 30$ Of btc per week on coinbase where I am also storing it. How safe am I? What else do I need to do protect my btc. I know I'm not getting a massive amount, but ya never know.
Coinbase is the only place that I ever stored much BTC on and had no problem. All the other places I would have an ulcer if I had 10 cents in their wallets. I recommend getting a new laptop with a good virus program and only use it to store and send BTC. Use Bitcoin-Qt. And if you are really serious use the Armory program.
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Let me help you guys out of your hole. Move your coins to a safe place as soon as you can!
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I can get my coins whenever I want. Nobody can stop me. They are in my cold storage. I might send some to an exchange to trade but I won't leave any large amount on any exchange or online wallet.
Show me someone that trusts strangers on the net and I will show you the next victim. Anyone doesn't like it suck it.
Someone will spend your coins and start running a ponzi scheme every time. Could be just technical difficulty. Could also be they are having trouble covering their ponzi scheme as more withdraw funds because of GOX.
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I wouldn't leave a pennies worth of coins on any site. They aren't insured. They screw up you lose. And most of them eventually flake out. Like GOX or Bitfloor etc. Their is simply zero reasons to let some stranger take care of your coins. It's like letting Joe Blow take care of your savings.
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Does the Max Coin wallet work well yet? Or is it still full of bugs? Have the developers fixed everything? Or does it still suck shit?
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Because "Gox" is a catchy name. The dumbed down media locked on to it. Told everyone "Gox" was the place. Whatever the official TV commands the sheeple to do. They do it. No matter how many times they've been burned. After my Blockchain Info account experience. I no longer trust storing any serious amount of coins, online, in any account. If you have an online account. Just assume they copied your password and user name when you signed up. They can steal any amount of your coins at anytime. Get hacked or go out of business. And to my amusement. About three of my friends gave me articles telling me Bitcoin was going out of business. After all. GOX was going down. When I saw my mum she gave me a hug and said sorry bitcoin was over having just watched the news. Lol bless her I explained no it was just my bitcoins that were over and she seemed happier I'm sorry you had money up on MT GOX. By the time they started having trouble it was too late to do much of anything anyway. Hopefully You and the rest will get your property back like I did from Bitfloor.
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Because "Gox" is a catchy name. The dumbed down media locked on to it. Told everyone "Gox" was the place. Whatever the official TV commands the masses to do. They usually do it. No matter how many times they've been burned. After my Blockchain Info account experience. I no longer trust storing any serious amount of coins, online, in any account. If you have an online account. Just assume they copied your password and user name when you signed up. They can steal any amount of your coins at anytime. Get hacked or go out of business. And to my amazement. About three of my friends gave me articles telling me Bitcoin was going out of business. After all. GOX was going down. They actually have no idea how Bitcoin works and think Gox is Bitcoin.
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I would go to your Coinbase account and see what information is missing. Their should be a blank field.
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I just opened a Coinbase account. I'm verified, including the identity questions.
I just sent a few thousand dollars into the account and am waiting to withdraw my coins.
My concern is what kind of bitcoin withdrawal levels will trigger a delay, a request for copies of more ID, more information, notarized utility bills, blood type, etc.. is there a known withdrawal trigger limit?
for example if I try and withdraw $1,000 in BTC immediately, am I likely to get flagged? Should I stay under $300? Can I withdraw it all? How many small withdrawals a day or does it matter?
I am very skeptical of these guys and don't want any problems on just getting my bitcoin out of there.
any help please-
With Coinbase you don't carry a fiat balance on their site. You buy the Bitcoins and they will appear in your balance after a certain amount of business days. When you click on the agreement it will have the amount of days it will take to get the coins. And if you jump through more hoops you can get a small amount of instant Bitcoins. After the coins are credited to your account you can withdraw any amount of them. They are your property. You can also trade them back for fiat that will appear in your bank account.
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Why don't you just cut your losses. Chances are you will lose much more instead of winning it back. Probably playing a shark or scam artist. Now you know why gambling has such a bad rep.
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Over 36 Billion coins out? What makes it so profitable?
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Coinbase says that Bitcoin went up so much that they had to lower the amount to safeguard against fraud. I never can buy just 1 lousy Bitcoin anymore. They keep moving the goal post around. I checked today and they only offered .5 Bitcoins. What a joke. I can't even rely on just 1 Bitcoin. They keep changing the amounts every day. I will have my way. I'm simply using some of my stash for what I need to do. And ordering replacement amounts from Coinbase. I'm not going to withdraw from my Bank for a measly tenth of a Bitcoin at a time.
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I already have added a credit card. I have looked through the list and have done everything. I'm listed at level 2. I should be able to buy at least one BTC. Yet they offer only .1 to .25 at the most. Even if I could only get 1 BTC at a time I could deal with it without much of a problem. But this is a ridiculous low amount. I guess I'll just take a few out of my stash and buy what I want. Then order the same amount from Coinbase each time. What a headache.
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Well it's nice to know they didn't try and steal your money. Or someone at the Bank. Just a form error. Sometimes they don't make it easy to know exactly what info they need in the forms.
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I jumped through a bunch of hoops to get instant buy. It worked great! These days I would at most get 2 coins and everything was very convenient and worked flawlessly. So somebody had to screw it up. It says level 2 can only buy 1 coin now because of the increase in the BTC price? Then to add insult to injury I can only buy a measly .1 BTC instant buy. One tenth of a bit coin WTF!!!. I should be able to buy at least 1 BTC by their own rules!!!!!!! What the Hell is their problem?
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