I am from UK and started using Kucoin in June but since July I have not been able to deposit using bank card and have spoken to their customer service and they still say deposit via bank card is still under maintenance.
It has been over 4 months now since I was able to deposit by bank card. The last person I spoke to on live chat an hour ago mentioned depositing via P2P but didnt give any detail in how to do this, only a link that didnt work.
I am pretty new to all this, can anyone advise how else we can currently deposit on Kucoin? Not sure if it is just a UK problem.
Find a different exchange? If they don't want your money, fuck them...  Edit Kucoin support really sucks, I wouldn't waste too long...  If the rumors are true, the problem for users might not be the deposits going into Kucoin. It might be withdrawals going out of Kucoin. In any case, there are rumors circulating that Kucoin has a large exposure in FTX and FTX has a large exposure in Kucoin. These exchanges might only be holding each other's tokens with Kucoin left holding millions in worthless FTT. However, if the exposure is deeper, this might be a problem. |
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No, Bitcoin feels safe in our hands and cannot be threatened. The reverse seems to be the case as they are threatened by Bitcoin which is more superior to anything they have created. It's incredibly hard to defeat. They are free to try.
They will only succeed in capturing the centralized crypto/cryptospace which will be a good thing for the decentralized crypto/crypospace.
I feel sorry for prisoners whose solutions to security problems within their prison wall is to add more security layers that it becomes hard for their children to escape the prison during the time of tyranny. Their children grow up to blame the "deep state" without realizing the system was built by their parent and handed over to "deep state" to keep them "secure". Replace the deep state with satan and you won't be wrong
We should live in reality. Agreed, there are powerful people that are threatened by what bitcoin and the cryptospace can bring for the people, however, do you really think that bitcoin and the whole cryptospace is safe? Those powerful people has made the control over national currencies their lifeblood because this is what gives them their power. They will try everything to control the cryptospace. We cannot be certain if they will be successful in this but I would not be shocked if they acted more violently and we read in the news that a Bitcoin or an Ethereum developer died under questionable occurrences. |
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@Sithara007. I have not watched much of those movies also hehehe. This is very strange for me because the pandemic is over.
In any case, for bettors these are the important dates that might change the odds.
Golden Globe Awards - January 10, 2023
Oscars nominations announcement - January 24, 2023
Director's Guild Awards - February 18, 2023
Actor's Guild Awards - February 25, 2023
Oscars final voting - March 2, 2023 - March 7, 2023
The Oscar awards for 2022 witnessed Coda with the shocking win of the best picture category. It was very much unexpected. I reckon if we followed the important dates in 2022's Oscar awards thread, we might have found the changes in odds and make a more educated prediction hehehe.
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Poirier vs Chandler would be exciting and some articles said that it could be the 'fight' of this year.
That does not look like a fight of the year to me. I think it is easy to predict a winner here - Poirier. Because Chandler is overrated. Chandler, a master of wrestling, wont use that advantage over a pure striker like Poirier, and will be knocked out. Chandler should have stayed in Bellator. He was a champ there, but now is 2-2 in UFC, lost to every good opponent. Who has he beaten? Old Ferguson? Hooker, who has lost 4 out of 5 last fights. And Poirier, who has only lost by subs to a submission master like Khabib and Oliveira (if we take last 5-8 years). I very much disagree with your certainty on Dustin Poirier will be the winner. Yes he will be more favored by the fans and the bettors, however, Michael Chandler should never be underestimated after he showed everyone that he can fight against Justin Gaethje and never surrender. Alex Pereira is the other fighter that should also never be underestimated. Izzy cannot hide from this man because Alex Pereira is faster than anyone that he has faced in MMA. A stretcher should be ready for Izzy hehehehehe. However, the most exciting fight is between the sexy fighting kittens Karolina vs. Silvana hehehehe. I want to be referee.   |
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The CEO finally replied, https://twitter.com/SBF_FTXBasically appologizing and saying he screwed up. Saying he made many mistakes and one was with the under-assumption of the max daily withdraws which led to this liquidity crunch. FTT reached $4 during his tweet. And todays CPI was good, if it wasn't for him, btc would be most likely at $25K right now. Also, from this apology is another speculation that has started in social media. It appears that his writing style is very much similar to Chef Nomi. He is Sushi's founder who rugpulled his own users and community. The Defi swapping protocol was later saved by Sam Bankrupt-Fried. This made Sam the hero of Defi on 2020. Sam's apologyhttps://mobile.twitter.com/sbf_ftx/status/1590709166515310593Chef Nomi's apologyhttps://mobile.twitter.com/nomichef/status/1304442495342796800There are similarities, however, I am not sure if the people speculating if Sam and Nomi are the same person are only skeptical or paranoid hehehehe. |
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The comedy in the cryptospace never stops. I am shaking my head so many times, my head is spinning hehehe. In Washington D.C., there was a bill that was proposed by Sam Bankrupt-Fried that would give the government more oversight and create more regulations on the cryptospace which would certainly make decentralization lose some of its advantages. It is a bill that might kill the cryptospace. He also caused the collapse that gave the lawmakers the reason to pass the bill into law a priority. I am beginning to be very skeptical of Sam. He might not only be another cryptobillionaire. His mother is a lawyer of Hillary Clinton and an active member of the Democratic party. I will post more information if I can find them. They are easy to find. If you can help me, share them, thank you.  The bipartisan authors of Senate legislation that would increase oversight of cryptocurrencies considered to be digital commodities in the U.S., like bitcoin, plan to move forward with the bill.
Embattled FTX CEO Sam Bankman-Fried had been the strongest industry proponent of the bill, known as the Digital Commodities Consumer Protection Act. The bill would grant the Commodity Futures Trading Commission, one of the two U.S. markets regulators, more power over cryptocurrency markets and exchanges.Read in full https://www.theblock.co/post/185746/senators-moving-forward-with-sbf-backed-bill-after-ftx-collapse |
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This might be the season to bet against goat Brady. I am presently quite certain the stress of the cryptospace has begun to negatively have an effect on his concentration on the football field. The cryptospace might be the cause of him losing his wife and going back to work after retirement. We might witness Brady to become the oldest football player to play in the NFL in his 50s.  |
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We might be living our lives in a comedy. We traders and investors in the cryptospace might now have begun to understand that Gary Gensler was really trying to protecting us heehehhe. FTX customers will start demanding for more regulations.  |
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Dropping in late on this thread. Guys, something I missed on the great scheme of things. Having the following diagram in mind:  Who lent the stablecoins to Alameda with FTT as collateral (Step 3)? The cryptolending companies. Voyager, Celsius, Blockfi? Was this not why Sam Bankrupt Fried gave liquidity to Voyager and Blockfi during Luna's failure, for them to not dump FTT? Also, Tether? Justin Sun and Alameda Research were known borrowers of USDT from Tether to pump the market on 2021. However, FTT as collateral was not mentioned. In any case, this is FTX and Alameda's balance sheet. I am not quite certain if this is real, however. https://docs.google.com/spreadsheets/u/0/d/1dSG6ER9N_YABnmUKzKaeUikZ2-isBQpL/htmlview#gid=2071322894 |
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@Ratimov. I very much cannot comprehend how Alameda Research could lose in the casino if they control the casino. They have been making billions during the bull market but end agreeing to CZ for a possibility of a bail out. They had all of the advantages.
In any case, I have another speculation. Is CZ supported secretly by the communist party of China? He has become very powerful in the cryptospace only through hard work? I am very skeptical of this.
This can be discussed a lot, I have seen various hypotheses regarding the secret interaction of these two exchanges. In general, there is such a widespread belief that FTX has always been part of Binance. Suffice it to recall their close cooperation in terms of trading BULL / BEAR tokens. Then the hype began with these tokens and Binance made a rough delisting of these credit tokens from its platform. In general, Binance had big problems with regulators before. If you remember, in 2021 there was a lot of news with restrictions for Binance. I once created a separate topic on these restrictions: July Regulatory War Against Binance...is CZ Ready to Surrender?. Against the backdrop of these persistent problems, Binance could begin to transfer liquidity to another exchange that has a cleaner history and does not have such problems with regulators. At some point, plans to distribute the influence of the two exchanges could change and Binance again made the main bet as the main exchange of the entire crypto industry, and FTX was decided to absorb. Of course, this is just a hypothesis, and we won’t know the whole truth, but FTX really seemed to be the main contender for the most powerful exchange until recently. I am talking about Sam who owns Alameda Research, his own quantfund-hedgefund-marketmaker, who also controls FTX as something similar to their own casino and Sam who also issued his own token through FTX, however, he lost everything? This is real life comedy. I was skeptical of this. I reckon CZ only wanted to look at FTX's balance sheet and operation to collect data on what his enemy was doing hehehe. I very much cannot comprehend how Alameda Research could lose in the casino if they control the casino. They have been making billions during the bull market but end agreeing to CZ for a possibility of a bail out. They had all of the advantages. This has always been my curious question every time a crypto exchange that earns suddenly lose solvency, except if it is hacked. And it's probably always about financial mismanagement. This is definitely what happened to SBF as well. For one, it certainly didn't help that he acted as the industry's savior and redeemer during the crypto winter. It drained him of so much money. This ambitious guy probably spent more than he should. He's obviously extravagant in his marketing decisions including renaming the Miami Heat's basketball arena as well as in his political commitments and probably many more others. A billion here, a billion there in the middle of a severe bear market is apparently over-commitment. He must have somehow lost his mind and wrongly estimated his capacity. And he's caught off guard by this untimely conflict against CZ, who's always been a very measured businessman in and out. In the end, CZ's actions proved to be the final nail in the coffin. In any case, I have another speculation. Is CZ supported secretly by the communist party of China? He has become very powerful in the cryptospace only through hard work? I am very skeptical of this. I guess CZ has already lengthily answered this. Although Binance is originally made in China, he has dismissed that it is involved with the red party. But I guess it wasn't just hard work; it was also smart work. And perhaps the timing was also a considerable factor. I do not trust CZ's words. |
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Yeah I didn't get a chance to withdraw everything. I had a small account and had the $2000 limit. Nothing I can do now.
Perhaps degen trade 100x on two different exchanges and try to lose everything on FTX and gain the same amount on the other exchange.
For the last 12 hours. No outgoing transactions.
What is strange is that the exchange is still functional, why? Why trade on the exchange or market make when you can't withdraw anything. Also FTT is $5-6, it should be $0.
So 50/50 whether I will ever see those funds again.
Oh well.
I speculate that we might witness another scheme similar to what Bitfinex has done before. FTX's losses will be shared among all user balances and you might only get 50% to 70% of your money and the rest will be in issued tokens with a promise to pay 1 token for $1. Did anyone understood why it went up that much and then it went down that much?
Leverage backed by loans collaterized by illiquid tokens. |
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@Ratimov. I very much cannot comprehend how Alameda Research could lose in the casino if they control the casino. They have been making billions during the bull market but end agreeing to CZ for a possibility of a bail out. They had all of the advantages.
In any case, I have another speculation. Is CZ supported secretly by the communist party of China? He has become very powerful in the cryptospace only through hard work? I am very skeptical of this.
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I am very skeptical if CZ can really acquire FTX very easily. This might be blocked by some politicians from the executive level and also with the backing of political voices from the legislative level. I do not wish this, however, FTX might be left to die unless it can find an American company for a bail out. What I speculate might happen is much of the derivative traders in the cryptospace might go back to Bitmex and Arthur Hayes will become the king of cryptoderivatives again. Bitmex has settled all of their legal problems with the government already.  |
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This might be CZ's real agenda hehehe. He killed his greatest rival and closed the rivalry by owning them. He cannot take the risk of letting the rival survive and have revenge against him. However, is Binance considered a Chinese company? America might block any venture from a Chinese company to buy an American company with this political tension happening between China and Russia vs. America. |
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In my opinion, even the preliminary bets on the presented favorites have quite decent odds, of course, they will be adjusted by the beginning of the Oscar ceremony, but the number of nominees is very large and it seems very difficult to determine the winner here just by watching from the side.
The odds will be adjusted by a few considerations by the odds makers. I have learned from doing this every year that those adjustments come when the list of nominations for all the categories are announced, after the date when the academy of motion pictures and sciences vote, the Golden Globe awards, the Actor's Guild awards and the Director's Guild awards. I will create and share a list and include the dates then we will observe what changes in the odds occur. |
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CZ's intention is certainly to destroy Sam's kingdom.
While FTX is still rather small, they had aggressive advertising and many have foreseen FTX as the one that will soon replace Binance as pretty much the top CEX around. Of course that now, with FTT in trouble, CZ has found the best moment to liquidate his stash and cause even more problems to the competitor. Will this destroy FTX? I don't know. But it will most probably show that its place is not on top. FTX is not rather small. Their latest fundraise was $400 million collected from venture capitalists and has given the whole company with the exchange included a valuation of $32 billion. We should not underestimate the effect of their insolvency on the cryptospace market because their hedge fund and market maker Alameda Research has a large amount of borrowed liquidity in the market. Their insolvency might dump everything to the low of June. FTX Trading Ltd. ("FTX" or "the Company"), owner and operator of FTX.COM, today announced the closing of a $400 million Series C fundraise, increasing the valuation of the Company to $32 billion. The round saw participation from Temasek, Paradigm, Ontario Teachers' Pension Plan Board, NEA, IVP, SoftBank Vision Fund 2, Lightspeed Venture Partners, Steadview Capital, Tiger Global, and Insight Partners, among others.
The Company also disclosed that all investors involved in the Series C raise simultaneously participated in the previously announced FTX US Series A funding round, which valued FTX US at $8 billion.Source https://www.prnewswire.com/news-releases/ftx-trading-ltd-closes-400m-series-c-round-301471084.html |
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Okay Monday night football with the Ravens versus the Saints. I will now need Lamar Jackson to make 50 fantasy points for my team. We can win this, Lamar!
In any case, I presently have a small understanding on why Tom Brady came out of retirement and why his wife Giselle Bundchen has divorced him and everything will be confirmed true if FTX is really insolvent.
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The drama might have begun when Giselle Bundchen divorced Tom Brady hehehehe. If speculations that FTX is insolvent are true then this divorce will start to make much more sense hehehe. It might be the husband who convinced the wife to invest much of their savings in FTX hehehehe. Tom and Giselle have taken equity stake in FTX during 2021. This investment might be very big because they have entered the investment after FTX has received a funding round for venture capitalists and valued in more than $1 billion already. Celebrity couple Tom Brady and Gisele Bündchen have taken an equity stake in crypto firm FTX as part of a long-term partnership, marking the duo’s newest foray into the world of digital assets.Source https://www.bloomberg.com/news/articles/2021-06-29/tom-brady-gisele-b-ndchen-take-equity-stake-in-crypto-firm-ftx |
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@stompix. However, our point of view should not be to consider this ability as something very much similar to a scandal even if the government appears to declare this as a scandal. This ability to take and provide for the bitcoin hashrate is in reality a representation of the unenforceability of their auhtority. If my speculation that there are miners in China who remain to participate in mining bitcoin through stolen electricity, this would be the highest representation of my argument.
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CZ and Sam have been sharing passive aggressive tweets against each other. CZ's intention is certainly to destroy Sam's kingdom. I am also quite certain that CZ knows Alameda Research has borrowings collaterized with FTT. If the price of this continues to dump, those loans might get liquidated and cause another spiral of market dumps because the money from those borrowings might be invested in the cryptospace market through leveraged positions and market making. My speculation is if liquidated, will it cause another dump similar to Luna's failure and 3 Arrows Capital's liquidation. This would certainly cause bitcoin to dump lower than $20,000 again. |
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