This is great, don't put all your eggs in one basket so that you can recover if you lose in one investment. Sometimes many newbie's are believing hear say on telegram or social media so they fail in trading. Make your own strategy on trading.
Telegram groups are not advisable if you're a newbie trader since a lot of these are pump and dump groups where you really won't learn anything. Its still best to do your own research and accumulate experiences by yourself. There's no shortcut in being an effective trader and failing is always a part of it Telegram groups arn't advisible for anyone. Basically the people running the telegram have bought coins already and the purpose of the telegram is to persuade other to buy neatly eating up the owners sell orders so he can cash out at a profit. No matter how experienced you are, you are going to get stung.
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I mean I really don't think this is going to change anything, the government is just trying to increase revenue any way that they can. So it's not like they're openly promoting for Bitcoin, I think they just come to terms (with research and stuff) that they'd be able to do well with accepting bitcoin, maybe save some money on fees and then maybe even bring in some more tax revenue. So this isn't be done out of good faith, it's just being done in general.
While it does look good it's really nothing of value for us. We need adoption by businesses.
If people can pay tax in cryptocurrency, that makes it a currency not an asset (for example no-one pays tax in gold or diamonds or real estate). Arizona is trying to attract cryptocurrency enthusiasts to their state, and more power to their elbow.
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It now looks like the police have a suspect: https://www.japantimes.co.jp/news/2018/02/11/business/japanese-grilled-coincheck-cryptocurrency-theft/#.WoB2ofynzIUA Japanese man has been questioned in connection with last month’s massive theft of digital tokens from cryptocurrency exchange Coincheck Inc., a source close to the investigation said.
The police learned that the man converted a small amount of the missing NEM coins into another form of cryptocurrency called litecoin through a site on the darknet, which can only be accessed through special anonymity software, the source said Saturday. The man was aware the NEM had been stolen from Coincheck.
About ¥58 billion ($533 million) worth of NEM was stolen on Jan. 26, with more than ¥500 million worth of it likely to have since been converted into bitcoin and other cryptocurrencies, according to data security experts.
The NEM was split up and dispersed to several digital addresses.
The Metropolitan Police Department’s cybercrime division, which questioned the man on a voluntary basis, suspects several people were involved in converting the stolen NEM and is monitoring darknet sites and NEM transactions to identify them, the source said.
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http://www.telegraph.co.uk/technology/2018/02/11/government-websites-secretly-mining-cryptocurrency/A host of government websites were found to be running a power-pinching program that uses visitors' computers to mine cryptocurrency, a process known as "cryptojacking".
Thousands of websites, including the Information Commissioner's Office, the Scottish NHS helpline and the Student Loans company along with hundreds of other central and local government sites appear to have been hijacked by hackers to mine cryptocurrency like Bitcoin or Ethereum.
The services were infected with malware called Coinhive, which sits on a website and steals the processing power of its visitors' devices to mine Bitcoin or alternative coins that are stored in an anonymous digital wallet, to be withdrawn at a later date. This is the kind of thing that gives cryptocurrency a bad name and makes govts mad.
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That's just someone's blog, not an official source...
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Ethereum is discussing how to recover funds lost through hacking and scams: https://www.coindesk.com/ethereum-devs-call-public-debate-fund-recovery/Ethereum's more senior developers are calling for a public debate over what steps, if any, should be taken at the software level to return funds lost in high-profile hacks and incidents.
In a bi-weekly meeting Friday, the developers took sides over a controversial ethereum improvement proposal, EIP 867, which advocates for a method of returning funds to potential victims. As profiled by CoinDesk, the issue has emerged as a lightning rod due to the fact the proposal advocates using system-wide software upgrades as a possible fix. If they do manage to find a fix, it might go some way to appeasing regulators who are concerned at teh hacks and scams.
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http://metro.co.uk/2018/02/11/iceland-use-energy-mining-bitcoin-powering-homes-year-7304155/Iceland is expected to use more energy mining bitcoin than powering its homes this year.
Large virtual currency mining companies have established a base on the island, which has an abundance of geothermal and hydroelectric power plants.
And with massive amounts of energy needed to run the computers that create bitcoins, it is seen as an ideal base.
Johann Snorri Sigurbergsson, business development manager at the energy company Hitaveita Sudurnesja, said he expected Iceland’s virtual currency mining to double its energy consumption to around 100 megawatts this year.
That is more than households use on the island nation of 340,000, according to Iceland’s National Energy Authority. I'm happy that Iceland might become the new mining base for bitcoin. They are a democracy, their energy is eco friendly, and they had a horrendous time after the great financial crash, so they deserve some good news.
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We know from the events of early 2017 that most of the Chinese trading volume was fake. In fact once that was clear, the markets took off as focus shifted to demand in the rest of the world.
Obviously the Chinese are terrified of cryptocurrency as it is something they can't control and aides capital flight. But they are making a mistake, they're cutting themselves off from a key tech development. It's the equivalent of banning the internet in 1995.
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Most coins will have a subreddit where development news is posted. You could also take a look at the following subs: https://www.reddit.com/r/BitcoinMarkets/https://www.reddit.com/r/CryptoCurrency/Which have news about trading, markets, scams etc. Also, Google is your friend. Type in the name of the coin you are looking at + scam into google and see what comes up. When people are unhappy they write about it with scam in the title. Read all the complaints. Sometimes it's down to teh user, but often it's down to teh developers. And of course ask questions about stuff you arn't sure about
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If you have coins there such as Xrb, apply for verification. Some member say they are waiting since December. You cant withdraw your coins now and Xrb is in trouble because of them. There is a big verification queue and they are doing it manually.
This is because Bitgrail lost 17 mil NANO in a 'hack' and now they are trying to prevent withdraws with all possible tricks. They are insolvent now. Avoid them at all cost. Pretty much this. They're just making up an excuse for people to not withdraw from them as frequently. It'll delay most people's withdrawals because they know that people are going to have difficulty with presenting docs, even though this was not required when they deposited.Needless to say, don't deposit any sum of money onto their site. It's just going to be wasting your own money since they are most likely to be insolvent. Spot on. This is the same thing that happened at Cryptsy and Bittrex - they use verification as an excuse to steal people's money. In the case of Bittrex their verification rules are beyond that required by any govt and they're not processing them even when people make the attempt to comply. If you can withdraw from bitgrail, do so immediately.
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What really needs to happen is all the exchanges delisting bitconnect. Sadly some scammy exchanges still list it: https://coinmarketcap.com/currencies/bitconnect/#marketsAs long as it is still listed they can con guillible people into thinking a recovery is possible. And there are always guillible people queing up to part with their money.
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I'm wondering if anyone has been able to verify their poloniex account when they had initially used a made up name?
I'd say it's impossible. Poloniex will start requiring web-cam verification for legacy accounts, where you need a webcam showing you holding up your passport. Unless you are into fake passports, I'd say it is impossible to get verified with a fake name. If you don't want to disclose your real identity, trade on an exchange like livecoin, or on a decentralised exchange like openledger.
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Nice list. You missed out Openledger, which is a decentralised exchange that is bui8lt on top of the bitshares platform: https://openledger.io/welcomeIt has quite a large number of alts listed as well, making it a decent competitor to livecoin or hitbtc.
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meaning in 2013 is the highest down price of bitcoin,ldrops by %87 and whats happening now is just a normal compared to the past price drop,,hope this will provide a relieve to the bitcoiners to continue the holding strategy..i am holding still what ever the outcome of this trend i will accept and blame no one for my actio The 2014-15 drop was not just the biggest drop (it went from something like $1000 in early 2014 to $170 in late 2015, it was the longest bear market we have had. I know that people like to comfort themselves by looking at the past - but the past is no guarantee of the future. Lots has changed since 2015, not least the emergence of some real competitors to bitcoin, and bitcoin merchant adoption going into reverse.
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https://www.reuters.com/article/us-gibraltar-markets-cryptocurrencies/gibraltar-moves-ahead-with-worlds-first-initial-coin-offering-rules-idUSKBN1FT1YNGibraltar will introduce the world’s first regulations for initial coin offerings with dedicated rules for the cryptocurrency sector whose fast growth has triggered concern among central bankers.
They are worried about financial stability and protecting consumers but regulators have so far adopted a patchwork approach to ICOs, ranging from bans in China to applying existing securities rules in the United States.
This has created legal uncertainty for transactions that sometimes straddle many countries.
Gibraltar’s government and Gibraltar Financial Services Commission (GFSC) said lawmakers will discuss a draft law in coming weeks to regulate the promotion, sale and distribution of tokens connected with the British overseas territory.
The GFSC said it would represent the first set of bespoke rules for tokens in the world.
“One of the key aspects of the token regulations is that we will be introducing the concept of regulating authorized sponsors who will be responsible for assuring compliance with disclosure and financial crime rules,” said Sian Jones, a senior adviser to the GFSC.
The regulation will establish disclosure rules that require adequate, accurate and balanced information to anyone buying tokens, the government and Financial Services Commission said in a joint statement.
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this is a big lie even if someone knew your email and password,he still can not log in cause poloneix send a code to your email address whenever you try to sign in
This. They need to crack both your Poloniex and email passwords to get in.
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In the last couple of months we have seen loads of merchants dropping bitcoin as a payment option. At the same time we have seen adoption of other currencies - litecoin, ethereum, bitcoincash, dash, monero.
If this trend continues then bitcoin loses it's network effect - and when that happens there is no reason for the price to rise further.
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I really think that BTC needs to break above $10,000, the previous support now resistance, before we can confirm its recovery. Otherwise, we still risk falling bellow $6,000 levels.
Bitcoin is slowly grindlng higher - it might hit $10,000 by April or May, but it won't reach $20,000 till December, and then only if it resolves it's scaling issues.
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