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These have been around for a while now, and they seem to be popping up under new names every week.
There is really nothing that you can do to stop them, other than educate others to avoid them. Most of these phishing/impersonators are fairly obvious. Binance had already come out in the past stating that they never do any kind of giveaways or ask for funds in return for more, nor is it logical for any exchange to do this.
Use your common sense and you should be able to spot these from a mile away.
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Why is coinbase in there? It doesn't make any sense to me given that it is a hosted wallet that has significantly less security compared to the rest (even blockchain.com) because of the fact that you don't even hold your own private keys.
Also, other web based wallets like blockchain.com may be convenient, but is still relatively insecure.
I'd suggest something like Ledger or Trezor any day. It can be just as convenient, but provides loads of security and peace of mind.
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This is really bad. Ruining the reputation of the true Satoshi Nakamoto (not Faketoshi Craig Wright of course) to scam senior citizens with his “Bitcoin Ponzi” pension program.
This one’s quite similar to the other ponzi programs that I’ve encountered here in the Philippines. I just don’t know guys, but scammers are innovative and creative in creating scams like this. This is so difficult to be stopped because of the innovative minds that these scammers have.
What would be your thoughts about this one guys? Let me know. Cheers! I don't think that it's as bad as you think in terms of the negatives that it would bring in terms of bitcoin's reputation. Satoshi's name has been gradually detached from BTC over the past few years anyhow. Plus, anyone reasonable will know that this scam has nothing to do with BTC or Satoshi. It would be nice to see some sort of legal repercussion being thrown at him. Especially with how ruthless he seems to be with being comfortable with attending public events, there has bound to be some day where he gets arrested for his wrongdoings. |
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A lot has been said about IEO. Many seeing IEO as a way out in cryptocurreny, hmmmm..... is that it? don't be fooled. Many of the so-called big exchange have enriched themselves through IEO. Why do you think some projects from nowhere conducted their IEO on these so-called big exchange, it will shock you to know that a reasonable amount of these tokens are going to the exchange and the exchange is ready to dump on you the moment the token is listed or after some pump. They encourage you to hodl but they will not hodl. It is all about pump and dump. You may want to argue because you have benefited one out of many times. Have you asked yourself, how many were able to buy at IEO, they want you to come and buy on the exchange after making it look like a sold out, why sold so little at IEO when you have buck of it in store? Professional scam.....Believe me, there is more to IEO on big exchange than you can imagine. Be wise.
Exactly. I don't get why people seem to feel like that IEOs will protect them from all of the scams in the cryptospace all of a sudden - they won't. And it is this exact attitude that makes IEOs even more dangerous, because of the fact that people are more comfortable and complacent with their investments they no longer conduct their due diligence when researching the project they're investing in. You still got to remember that IEOs are for profit for both the developer AND the exchange, and both of them have vested interest in pushing the token to investors to the greatest extent. Investor protection is still extremely low. |
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This is just if, new projects are finding it hard to list on top exchanges because of listing funds but since market is not in a good season why is top exchange listing fee still that high? Top exchanges are not making it easy for new projects to list on their exchanges or am i missing some good information?
And about binance IEO is there anyone on here who can tell me more about them? i mean if a project like eminer can conduct IEO on binance why can't others? is there some kind of agreement like taking IEO fundraising fee after IEO is successful?
Damn i wish new projects can just have their chances as well, now that bitcoin is losing its value things are getting more harder for new projects
The thing is that it is a completely free and open market. There is no regulation as to when an exchange HAS to list a particular project, which means that it is solely up to the exchange's discretion to decide when and why they want to list a token. Usually, they want to get compensated in monetary terms, because obviously they cannot list every single token that they get requested to. Also, it acts as kind of a filter which is not necessarily bad. Projects that can't even afford the fees are likely to go bust anyhow later down the line. |
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Why bitcoin is dumping? Is it because of protest?
If the protest is the case based on offline connectivity then I think it is possible in case if any company make wireless devices which may communicate through satellites then all these kind of problems may be solved.
Also, I think if governments want to regulate bitcoin, then they should allow banks to fix the price of bitcoin for every next three months whenever bitcoin hits higher based on its demand, I think this may save the assets of people who are buying or selling it. While there are other cryptocurrencies in the market then it will not stop the trading because the other cryptocurrency prices will not be fixed so people will be able to make the profit. Also this will make the bitcoin more stable and will increase the trust of the peoples.
It has nothing to do with protests. The dump that we're seeing right now is completely natural and the correctionwas bound to happen due to market forces - the bearish sentiment was simply too strong for any real bullish momentum to build up to form a rally, especially when the psychological barrier of $10k remains unbroken. Also, your suggestion about a bank fixing the price of BTC is ludicrous. That would simply introduce more problems that it would ever solve. |
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Well, it's hardly surprising, given the fact that ICOs in 2017 were just such easy ways for these scam artists to operate in order to con people out of their savings. There were virtually no regulation and due to the fact that alts were rallying hard, they felt justified marketing their crap tokens to average Joes.
You can almost tell from the KYC request alone that this was not going to pan out - they probably weren't even a regulated or licensed ICO to begin with so why do KYC? The only explanation is that they want to hold up progress as long as possible.
Never invest in a coin/token where the value of it depends on the promise of the admin to get the coin listed. Look at the fundamentals instead.
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As you know , if you are trading at Dex you could easily see x100 pumps . After that pump, price down to usual point. So what is that meaning? If any whale wants to collect the tokens, there are many better ways to collect them more cheaper. Any clue ? is that money laundring?
Because DEXs have relatively low entry requirements for listings - basically any ERC20 token can be listed. This is much unlike centralized exchanges, where there are significant barriers to getting listed - there must be sufficient projected liquidity, there must be a good team and a reasonably mature community, etc. etc. As a result, you see that the tokens listed on decentralised exchanges can be of significantly worse quality, and thus subject to much greater volatility due to the low liquidity within the market. It's really no surprise then that whales (or even any player with 1 BTC or so) can pump up these tokens so much. |
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I think that it'll change their landscape altogether.
They're going to strive for more regulation at this rate, looking at their attitude towards fostering fiat integration. I think that we should expect a lowering or even the cancellation of the 2 BTC daily limit for anonymous accounts soon, or at least not be surprised by it.
Fiat integration has been an issue for semi-anonymous exchanges for years. Every time an established exchange decided to integrate some form of fiat, they had to sacrifice some convenience for their anonymous users.
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hello, i have some btc that i want to get fiat quick without any KYC hasstle. Any suggestions?
Currency exchange board is definitely the way to go. Some people are recommending localbitcoins and paxful, but that requires KYC after you trade a certain amount ( I think $1k EUR cumulatively now? After the new regulations). So I don't think that is exactly what OP is looking for. Just be careful of chargeback scams. Always deal with very well known members with a track record with reversible payments, and always use escrow. |
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4% APR compounding interest on all Bitcoin deposits. I'm just wondering how this kind of profit is generated. What are the coins going towards? Is it going towards funding your bankroll or something else? More established competitors like Freebitco.in are already offering 4% on deposits, which may mean that you guys will find a lack of people to be parking their funds full time on your site, if that is what you guys are aiming towards anyway. |
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The fact that cryptos are so easy to get into with its low barriers to entry as well as the fact that there is little regulations around it make it almost perfect as a personal investment asset. No longer are you bound by the barriers imposed on you by investment banks or private equity firms.
That in itself means that there is a larger audience of personal investors who can stand to benefit from diversifying their portfolio into BTC.
Of course, there are negatives that come with an unregulated market - but that is largely outweighed by the rewards for the average investor.
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I honestly don't see why people are panicking over such a normal occurrence within the market.
It should be expected with the current lack of bullish sentiment in the market that in the short term, there will be significant dumps and a lack of momentum for rallies. The $8k support is going to get retested and I don't think that it will hold this time, potentially setting up for further losses down to around $6-7k where I think where there WILL be significant support.
There is no reason for panic - the halving will still bring significant price hikes, no doubt about it.
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LMAO, the best indicator for a XLM bullrun? Well, a Ripple bullrun of course. These two act in tandem. Sometimes XLM leads the rally and sometimes XRP does. This just shows me that XLM/XRP investors believe in their specific blockchain tech.
Except for the fact that XLM is still heavily airdropping their coins at a very high clip, and XRP is not. Especially when you consider the fact that XLM's airdrops require essentially no identification or anything else, which means that the supply can get inflated very easily. You also don't know whether or not there is any potential insider activity going on with the airdrop. I think that XLM network has the potential to expand greatly. I just don't think the fundamentals are there for prices to pump heavily in the short term. |
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Is there a website where I can view the wealth distribution of BTC and different altcoins?
I know such data are only estimates (address != holder, exchange wallets, etc.), but would still like to get a feeling of how different coins are distributed among its holders.
You mean something like a gini coefficient with coins? The closest thing that you will get to will be the rich list of addresses and so on. This is the only data that is available publicly. Whether or not these addresses represent actual holders of coins will be a completely different topic, although there are products such as walletexplorer that attempts to clarify who is actually behind addresses. So yeah, it's difficult, and I think that thus far no one has a foolproof way to quantify distribution equality. |
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If you're surprised about this in any shape of form then you are seriously out of the loop.
There's a reason why the PBC is currently pushing crypto education, and that is to set up their own token that may be coming in the near future. There has also been a recent trend in more acceptance in Wechat and Alipay to the point where cash is not even used anymore.
Removing cash altogether seems to be the most logical next step to take, and this is exactly what is reflected here (supposedly).
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I actually don't think that a bubble will form as a result of the halving this time round.
It's much more likely that this time, a more graduated and mild run up will occur when come halving time, because of the fact that the sentiment within the market is still extremely bearish and that will take time to reverse.
So to your question, is it a catalyst for a bubble? Not necessarily. Is it a catalyst for a bull run? absolutely.
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I want to establish a company to sell software to help in bitcoin trading.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
You are unlikely to find any country or payment processor that supports bitcoin per se, because they are all imminently going to be discriminatory against BTC. You can really only rank them based on the degree of discrimination instead. Malta is one of the countries, and there are a ton of other safe havens out there that you could look into like the Cayman Islands, HK, etc., but a lot of them are not feasible whatsoever. You need to take feasibility into account as well as the rate of tax, and support for BTC, because that's just as important. |
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And even if they did ban BTC through any form of legislation, including an executive order, what would it actually result in in terms of enforceability? Probably absolutely nothing, given the fact that bitcoin is decentralized.
If this was possible, then countries would have done it long ago - they are not stupid.
Either way, know that BTC can survive without the support of any central entity, as demonstrated by the bull run after China essentially banned all miners and exchanges.
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You have nothing that you can really do.
The support is the only way that you can seek recourse at the moment, outside of legal channels, which is unlikely for you given the fact that P2B2PB is a very shady exchange with not the best reputation (look at the amount of complaints against them already) and you don't know where exactly they are incorporated.
Doing some research before trusting an exchange and using it as a wallet would have saved you the sum of money. Right now, just be patient and hope for the best, while expecting the worst.
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