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Is Bitcoin's power consumption really that high, when counteracting the power drain, created by the traditional monetary system? I do not think,that the financial institutions could withstand a direct comparison. Electricity consumption through previous financial transactions is many times higher. I can not understand the reasoning of the institutions and governments about electricity consumption.
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I just tried three unknown coins with little funds. Interest rates 10%, 11% and 17%. One coin dropped 70% within a day, the second and third dropped around 50%. But it nevertheless would be interesting, which beat which. Interest profits or coin drops.
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I think, it would be even not enough to avoid directly depositing from gambling sites. When transactions can be tracked, then customers would maybe also risk their funds.
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Bitminer is a scam from beginning on in 2016. Don't pay in and just leave it.
I am wondering, where the cheaters exchange their money to fiat. Maybe here is a technician, who can follow their transactions to an exchanger, so that they can freeze their money.
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Although Bittrex added a sports betting coin, they give a clear statement on gambling sites in their TOS: "Without limiting the generality of the foregoing, you agree that you will not:.............
Use our Services to pay for, support, or otherwise engage in any illegal gambling activities; fraud; money-laundering; or terrorist activities; or other illegal activities;....."https://bittrex.com/Home/TermsSo, when gambling is forbidden in the country of the customer or Bittrex, then Bittrex would ban your account. That could explain the many complaints against Bittrex because of banned accounts/frozen funds. |
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Im aware they make money off fees, but if everyone starts withdrawing 100% gains etc, where is that money coming from? If people are putting in 20k and cashing out 40k etc, where is all the money coming from to pay them?
On legit exchangers you only can gain, what other loose buy/sell like already posted. To get a better plastic view just have a look on yobit to cryptocurrencies, that are trad3d with one satoshi. You will see many sell orders but no buy orders. So it is impossible, that 100% of users would sell Bitcoin. If no one would buy, you couldn't sell. So exchangers earn with fees and additional services like coin listings, bets, margin lending and so on. |
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... because cryptocurrencies are based on a new financial technology, that will replace the current financial system, so that we can assume, that the drop is temporary. Also at beginning of a year there were always drops that rebounded at March/April.
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I am always wondering, when the members, who offer free accelerations with donation in service section get negative trusts, because they are accused to use free accelerators. I tried without luck several times on ViaBtc and other services. The sites of other suggested services disabled free accelerators and led me to paid accelerators and ViaBTC showed me every time the same message.
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If it is not too much work involved I would suggest to add feature that prevents from sending Merits from/to hacked accounts.
That makes sense. But it would be more senseful to give back hacked accounts to the owners or ban them, of it is not possible to find the owners. |
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Sorry I don't but the fact that they have stopped accepting new accounts while they have back logged problems is a positive sign for anybody on Bittrex. Because as of late I have read and heard a lot about how they are giving awful service, this seems like a step in the right direction. I hope you can join the platform soon, apologies I can't provide you a timeline.
So that's why i'm having problems registering Bittrex. Just when i fell like starting and that issue occurs man my luck has never been better. I also wouldn't encourage to open an account on Bittrex. Some activities of this exchanger seem to me not customerfriendly, if not illegal (setting account limits without warning to 0). They want sensible data now from all accounts (ID verification) at any limit. I will watch this exchanger but not entrust my data or money.
I see your point to have an atleast have privacy and no further information about your real life. What can we do they manage it for expand their security and transparency. I only accept ID verification for good reason. For example exchanging cryptocurrencies to fiat with higher amounts. But I wouldn't provide any ID information for only withdrawing, depositing or trading cryptocurrencies, because I don't see a serious reason , what legit need of my data they would have. |
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My strategy is to hold on cryptocurrencies, that got my deep attention. One of them is of course Bitcoin. We will see an upturn sooner as I thaught (stock markets crash in Japan). Dogecoin because I like them. Monero, because I believe in their importance in future.
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As already mentioned in preposts. None of the exchangers are "stable"/secure. The best is it, to use at least five exchangers and keep the majority of funds in wallets. If there would be a need of exchanging bigger funds, devide them in as many parts as possible in dependence of transfer fees.
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The actual price of LTC seems to me a bit overrated, although there was a great upgrade (Segwit). But just remember, LTC was worth 4$ at beginning of the last year. ETH has a huge platform with smart contracts and its tokens so I would recommend ETH.
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That may be, because offends by financial institutes and governments are very strong and also a price correction was needed. But when you have a look to last year, there was also a correction until March/April. I expect again an uprun for the next months.
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I tried many of those sites out, but none of them paid out. They mostly have registrated their sites in Panama https://www.whois.com/whois/hashcoin.hostYou will just waste your time, hopefully not your money. Don't invest there. |
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BitPanda.com is for me the number one of exchangers to sell BTC for Euro. Their payments are very quick and easy. For higher amounts you need to verify. But that shouln't be a problem, when ID procedure is as smooth as the exchanges and the support. The exchanger has its residence in Austria.
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Some month ago we were allowed to withdraw crypto currencies of a value of 2000$ a day, if we are not registered with a proof or residence and we did not deposit a passport, ID.
Is this still the same? Can we still withdraw crypto currencies of a value of 2000$ a day in this case?
(I am afraid of the following fictive scenario:
I deposit cryptos in the value of 2000$ on Poloniex. I trade. I have now cryptos of 3000$. I try to withdraw 2000$. Now, Poloniex is freezing my 3000$ and says: "You can withdraw it as soon you give us your ID.)
Thank you.
They would act against their own rules and notification. https://m.poloniex.com/press-releases/2017.12.27-Notice-to-legacy-account-holders/"Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline."So you should have time to withdraw. Poloniex is not acting like Bittrex did and providing a fair procedure. |
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I also wouldn't encourage to open an account on Bittrex. Some activities of this exchanger seem to me not customerfriendly, if not illegal (setting account limits without warning to 0). They want sensible data now from all accounts (ID verification) at any limit. I will watch this exchanger but not entrust my data or money.
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Big Banks are for years working on an own blockchain. But I don't see a conspiracy against Bitcoin by this step. I fear another possible conspiracy in near future: What, if governments would overtake the blockchain with high capacities of hash power? They would have the money and power to seriously disturb the network with over 50% of capacity.
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