Firstly let me say that no, bitcoin bottom is not in IMHO.. Secondly the trend is your friend until its not. We have been in the same trend for over a year now so of course my bias opinion is we are more likely to go down then up. However much has been shown we have momentum going up at the moment and think we could reach 4300 resistance. I do not trade smaller time frames but trade in time cycles not price cycles.
At current price on the daily, if BTC stays above the 21 EMA at the end of the week we will most likely reach into the deep 4k range. If its below the 21 daily ema I expect a drop to 3500 and lower.
What are your thoughts and predictions.
You're right in not assuming that prices will go up from this stage - because it's not guaranteed to. A lot of people here are already saying how bitcoin will go to 5 or 6 figures within a year. To me, the recovery hasn't even started yet. But, you've also got to acknowledge the fact that we are very close to the bottom, if not already rebounded from the bottom. We're already nearly one and a half years removed from the ATH, which is similar to the amount of time that it took for the 2014-15 bear market to start recovering. While looking at past performance is certainly not a definitive future indicator for price movement, it certainly gives a rough, macro image of where we are at right now due to the cyclical nature of bitcoin prices. I don't think that prices will go down that much further, even if dips persist which I find highly unlikely, because there are many adopters that entered at the peak, as well as the institutions that entered during the bear market that will be interested in buying coins at lower levels. |
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The Bitpay card has been great for the 1 month or so that I have actually gotten to use it. Unfortunately, effective March 8, they shutdown ATM withdrawals. They claim that this is part of a “system upgrade”. Unfortunately, that doesn’t hold water because they have no ETA. I called customer service asking if it would be days, weeks, months, or years, and they told me they simply don’t know. I then tweeted asking the same to their normally very active Twitter customer service, and got zero response.
So everyone can reasonably assume that Bitpay card ATM withdrawals are gone for good, and act accordingly. My guess is that their card issuing bank kicked them off the network, and they are scrambling to find a replacement bank, which is unlikely given the stance of US banks on Bitcoin. I hate that they are lying and calling it a system upgrade though. It shows that things are not in great shape over there. I wouldn’t leave any money on their card if you have it on there. You can still use the Visa part for purchases, or transfer from the card to your bank. Definitely get the money out of their hands - their house of cards appears to be crumbling.
It's definitely possible that this is caused by some sort of clash with the traditional banking system. It is this issue that has basically restricted any bitcoin debit cards from becoming mainstream in my opinion, because they were never able to establish a longstanding partnership with banks or payment processing networks. IIRC a while back there was a huge thing with Wavecrest that led to a lot of cards having to switch providers entirely. I wouldn't assume that it's gone for good, at least for now, because they haven't said anything that would suggest something far more serious than just an upgrade, nor have any banks or providers. So it's pure speculation at this stage, albeit I think it is possible given the current climate of all the banks and third party payment processors towards bitcoin. |
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Hey guys,
Has anyone of you tried playing at Duckdice? I'm having some problems there. I've managed to bring one of my good friends (who is also a very good gambler and wagers a lot at many gambling websites) to Duckdice by referring him under me. Now, after he started wagering too much (he has almost wagered >80 BTC already), Duckdice started playing shady games with me by removing him as my referral and now I'm not able to get any of the wager commissions that he does over there. Did you ever experience this? I've never had problems withdrawing my money from there as it used to be instant always, but why such a shady behavior when it comes to paying genuine commissions to their user who actually brought them a very highly wagering customer?
The fact is that Duckdice isn't a company to be trusted, even though their UI might seem appealing to people. If you take a look at their forum reputation, there is virtually none and is in the total negative. They have had similar issues in the past when someone wins money through a bonus, and they simply don't honour their promises which would suggest how unethical they are. I'd suggest that you take a look at the many scam accusations launched against them. Even though they may still be processing withdrawals it is clear that the admin of that site isn't someone trustworthy. It's extremely weird that your referral just disappeared like that, without any notifications - and I don't think it's a coincidence by any means. If you don't obtain a satisfactory response from support, I'd suggest telling your friend to sign up under you for another site that has a proven track record instead, if he's still willing to be your referral. |
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Site still owes me 600K Doge.
Completely WIPED out my balances and refuses to pay me unless "Stack" does their BS kyc.
Has nothing to do with me yet I'm being witheld my 0.3 btc of doge
This is complete bogus. Why the hell has another person's completion of KYC have anything to do with you getting what you rightfully deserve? They are not even licensed most probably, and yet they are trying to be compliant to authorities? Absurd. Any information sent to them of personal nature will most likely not end up in good hands either. To be honest, given the fact that the owner already has so many sites that basically run the same games, it suggests that he has nothing to lose by exit scamming on several of them and open up new ones. The chances of you getting repaid on your withdrawal is extremely low, and it's another reason why I think that if you really want to gamble, make sure you do it on a site that has high reputation, especially on this forum. ...Still waiting for you to fail that KYC verification....... Case closed. Stop breaking the law young man. Stick to singing and not online gambling while underage and from Taiwan Universities and Singapore where it is ILLEGAL. Please show your gaming license, and also the legislation which says you must ask for KYC to pay out withdrawals. Also, afaik "StackGod" is the one that you're requiring KYC from? What has this got to do with Compr getting his money back? |
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All very interesting news, but honestly this is a lot like the ETF that was hyped up initially.
They are going to be serving institutions, and it's very unlikely that these institutions will be able to pass down any of the benefits of them entering the market down to the individuals that are using the bitcoin network. It might cause a short term rally in the market once Goldman enters the market or whatnot, but beyond that, there isn't really any tangible benefits to the network per se.
But this bear market has certainly seen a lot of these financial institutions, Goldman, NYSE, etc. all have expressed interest. The question is really a matter of time at this stage. Could there be a surge in market activity after these industry big names enter? Absolutely. I just doubt that this surge will be sustainable, that's all.
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Ok, it's time to listen from another experts here.  A crypto trader and analyst, going by the Twitter handle @filbfilb, produced another chart which claims that Bitcoin will experience a bullish run up to $5,000 by the month of May. https://www.chepicap.com/en/news/8016/-bitcoin-will-run-up-to-5-000-by-may-.htmlI don't know maybe he is a user in this community. $5k though is within reach short term as compare to those so called experts claiming that bitcoin will go higher than 5 digits this year. I simply doubt that going off someone's opinion on twitter and believing it is good trading practice. Sure, you can take these into account when formulating your own analysis, but make sure that you don't just blindly believe whatever they say - often their own predictions will contradict with their future predictions (cough cough Tom Lee). It's very possible though that bitcoin has already reached bottom and we're currently on the way up. I do expect short term to be more sideways movements more so than a definitive rally or dip, however. A run up to $5k isn't out of the equation, assuming that the resistance at $4k is broken. That resistance however has demonstrated to be quite strong, and with the current still bearish sentiment (even though fear has decreased) within the market, I would say it isn't guaranteed that this will happen even by the end of the year. After all, we don't know for sure if prices have even bottomed yet. There could be every possibility BTC prices dip below $3k temporarily before the buying pressure takes up up again. |
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It's most likely a shill, or at best, someone who entered early enough that the site paid them in order to bring positive reviews to make themselves seem legitimate. Do not believe what others say simply based off face value - a lot of the times, they are really just sockpuppets orchestrated by the exact people that are behind the entire scam. This is not a particularly new scam, and it has been around for ages. A general rule of thumb is that if anyone is offering you something that is too good to be true, but they are asking you to send funds for whatever reason first (doesn't matter what it is, exchange/wallet/casino, you name it), take a step back. Use your logic. If they are giving you free money, why do they need YOUR money? It simply makes no sense. It's a good thing that you didn't deposit anything, and metamask already flagged this. |
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I can't believe that two exchanges actually list them as well. It just shows that when you pay an exchange to list your coin, they will do it without any reservation about the legitimacy of your project.
Arbitrage is a legitimate investing strategy, but the fact is that it is very rare to ever come across legitimate arbitrage investment opportunities, especially when they are offered in a token form in an initial public offering of a project. If a project claims they can make much more than what banks are able to give you in terms of interest, or even guarantee interest, without even looking at the whitepaper you know that they are most likely a scam.
Simply looking at their site design and the repeatedly used template is also a giveaway sign - I've yet to seen any legitimate projects utilise such a heavily repeated template.
It'll be interesting to see how Crex24 and Cryptobridge responds, perhaps they'll delist, perhaps they'll not. But investors should pull out when they still have the chance to.
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Most likely what they are going to achieve is that there will be an OTC market were people will pay premiums for freshly mined coins and what have you.
This is not out of the equation. I think that people have already suggested that this would happen in the past as well. Though my main concern is the fact that exchanges, hosted wallets etc. is able to do this since they have full custody of your coins, and you don't hold your own private keys. If they want to, they can cite a series of excuses and ask you for source of funds, or flag your fund origin as "dirty". So in reality, the fungibility of your coins decreases once you send coins to an exchange which you don't hold your funds on. It's sort of like exchanges forcing you to do KYC/AML AFTER you deposit, which a lot of the times is solely based off of their 'suspicion', and not legislation. |
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There is certainly a chance that this will happen. While I do think that we'll see some bullish developments in the second half of the year as I expect a recovery from this current bear market in the near future, given the extremely volatile nature of the market, trying to put an exact figure on something that will only materialise in more than half a year is pretty futile. When the bull phase of the bitcoin market cycle does swing by, there is no doubt that prices will at least hit 5 digits (which is still a far cry from the last ATH) because of fundamental developments such as lightning, increased adoption overall, and institutional interest that emerged during the bear market. When and how this will happen, I don't think technical analysis will be of much help. |
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I've been questioning this for a while and most economists say that fiat is a scam or a lie as the central banks are selling people a promise we will pay them back.
It seems to me as if fiat came in when it was needed to help solve the issues of carrying heavy gold for big transactions but now we have bitcoin there seems to be no other real use for it once bitcoin gets adopted by the masses (or other cryptocurrency).
It feels like fiat was made by the government without them knowing the risk as to what it would potentially lead to in the central banks artificially inflating it so much.
I was watching a video recently of the roman empire currency where they used to clip coins and melt down the clippings in order to inflate the currency - exactly what has been done since fiat hasn't been backed by anything of real value bitcoin is the same but its limited.
The difference is that fiat currency can be controlled by a central entity, and allows the government to do debt financing. While bitcoin doesn't allow this to happen because of the fact that it's decentralised. So no, I don't think that governments like bitcoin at all. However, a lot are regulating bitcoin because they are able to get tax revenue this way, and obviously control what the third party services surrounding bitcoin can and can't do. I do agree with the fact that bitcoin basically combines the convenience of fiat, electronic payments with the store of value aspect of gold and silver. Though, it's very difficult to see governments being positive on bitcoin on a worldwide scale any time soon. |
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I have no idea why they've done this. Seems like support keeps giving you the same old answer as well without actually looking into what has happened or how to resolve it.
Localbitcoins in my opinion has certainly become less usable after they started forcing KYC onto members who wanted to advertise on their platform and/or held a significant trade volume (which by the way, is completely undefined and the message of KYC can come at any time).
Shouldn't there be a timeframe to dispute transactions? It could certainly be possible that it's some bug in their system, or the counterparty you were dealing with simply decided to dispute after 2 years for whatever reason. But mechanisms should be in place to stop this from happening, because this certainly doesn't look like a legitimate dispute by any means.
All you can do right now is be patient and continue to message their support, though.
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The European Union is sinking, with the UK's leaving this month, but its central bank has a new plan to save it: print more money, and give it away to all its failing banks. I think that if the ECB was a doctor, it would get the most dangerous virus there is, and spread it to the entire population.
This is the kind of news which makes you happy to own BTC...
Report to moderator Sounds familiar to how banks are bailed out when there are any type of financial crisis that seems imminent? This seems to be exactly the same thing that's happening here. Certain banks become too big to fail, and governments essentially simply inject money to keep them running. That in itself imo makes banks more comfortable making higher risk moves, and artificially stimulates the economy at the cost of individuals. This isn't just something that happens in the EU. After all, printing more money isn't something that comes free. The invisible tax of inflation will ultimately be passed onto households, and not to mention taxes. |
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Very likely that the OP of that ANN thread is a bought account as well.
It's funny though, because on their site they claim that they are partnered with Binance, Microsoft, and ethereum themselves among other big companies, yet they can't even spend just some time on actually developing their site and making it look professional.
It's so obvious a scam, that it's laughable. Yet people still fall for these. I've seen an increasingly amount of ponzis that advertise them as a decentralised system in recent days. But when you see the returns that they are offering and the obvious template that they are using on their official site, with the self moderated ANN thread, you know it's guaranteed to be one.
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So, the conclusion is I am still bearish side short term.
and no, i dont think the bottom is in.
You're right about the resistance being at $4k. Prices have already tested that level in the past rally, and even though it did go through that resistance, it was only temporary and a correction came right afterwards. I think it's quite obvious that given the still bearish sentiments present in the market, we'll likely see sideways movements with some potential short term dips/panic sells before a large rally comes by that constitutes the actual recovery. So is it possible we still haven't seen the true bottom? Yes, because short term volatility can literally take prices anywhere, and with people's perception of BTC still being in a bear market it's very possible short term panic dumps can be quite sizeable. But I personally think that we're already past the bottom, because we've seen strong rebounds from the $3k-3.5k level multiple times. The demand below that price would just be too great, especially from institutions that prices will rebound as soon as coins get below $3k. |
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It's not surprising that there are some crooks that run bitcoin exchanges. There are plenty more that haven't been shut down or even discovered yet, the users of these two are just lucky that they didn't get defrauded at the end of the day because the arrests were made on time.
The thing that I'm surprised about though is the fact that this guy is associated with two exchanges at the same time, and at a high level. Makes you wonder how many "sockpuppet" exchanges are out there owned by the same person/organisation.
Also, this guy got arrested for something that's completely unrelated to scamming. Just imagine how many cases goes unreported and unheard, where people actually get scammed, because there is not enough evidence or leads to establish a case.
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It doesn't make any sense for him to ask why you're asking him for a refund, because you are fully entitled to one if the replacement key doesn't even work. He's still advertising his key sales, just on a different thread. There is also another outstanding accusation from the user politehalo that basically had the same experience as you with the same person. It certainly isn't looking good for your chances of getting your funds back at the moment. But this is why selly.gg sellers shouldn't be trusted. Selly.gg and other autobuy sites give off the facade that you're protected through some escrow system when in reality you're literally sending the money first without any guarantees. In the future, always deal with escrow when the party you're dealing with isn't trusted. Even a free escrow would do. |
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Hello friends My goal is to make this topic useful for everyone's friends in this forum. Some time ago I received a telegram message, straight to the problem I asked for help to withdraw their funds in Exchange: https://btcflash.cc/ with a balance of 2.61BTC. They gave me passwords and users voluntarily. From here I have suspected this and I just ignored them. Good thing that you didn't fall into their trap, because if you did, you would have certainly been scammed, or downloaded a malicious file onto your computer. This is not an uncommon scam tactic. Usually they will approach you on some form of instant messaging service, telegram or discord seems to be the most popular. Then they will raise the fact that they have funds stuck in an exchange, and when you go and try to withdraw it they will either ask you to send them the payment upfront or ask you to install an application. There are so many domains that have been used to scam in this exact same way that it's pretty much impossible to pin down who the scammer is, or to keep track. Just use your common sense and think if the exchange is legit and who in the right minds would give you their login details. |
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It's certainly possible that irresponsible lending could trigger another financial crisis. It seems like that credit in a lot of countries have been trending towards the easier end of the credit availability spectrum since the GFC, which could have influenced rising stock and real estate prices in certain countries again.
The thing with fiat is that, since it is so entangled with debt, if one thing goes wrong the whole chain of things could spiral out of control.
We can't say for certain what type of financial crisis the next one will be or who or what causes it, but for certain it's only a matter of time before it happens. It could be inflationary, recessionary, market failure... Just be prepared by hedging against the traditional economy. Holding an independent and decentralised crypto like bitcoin is a wise decision imo.
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The world is ready. People are already recognising the faults in traditional online payment processors as well as fiat currency. All there needs to be is some sort of event that triggers mainstream adoption, which has not happened yet.
I highly doubt that we'll have to wait centuries before bitcoin adoption finally picks up - we are already seeing some pretty significant institutional interest in bitcoin that we haven't seen in past years, which is a positive sign though it doesn't directly lead to consumer adoption.
Governments will have to regulate bitcoin businesses, but they can't control the network that bitcoin runs on. That's a part of the reason why a decentralised system is needed in the first place.
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