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Are you requesting 0.75 BTC or .075?
Physical collateral like this pretty much will only get accepted if you can find a lender that lives in the same country as you. Otherwise, the cost of shipping and handling is far too great for this to be worthwhile. Also, do you have receipts for the phone?
BTW, the alt that you were offering as collateral (XTL) on zazarb’s thread is definitely not valid collateral. You have to understand that from a lenders perspective, if this coin gets delisted on one exchange then prices can go downhill extremely fast. Also if you default, liquidating this will be extremely hard.
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He doesn't like gold either for that same reason, so it's not that he's specifically anti Bitcoin. What gets him triggered are all the fools here thinking that because of their investment during a bull market they are an expert or pro now.
Yep. I've seen his interviews on gold and silver as investments, and he pretty much says the same thing. He's been into equities pretty much all his investment career and he's done well. Combine that with the fact that it's difficult for him (most likely) to grasp the concept of a cryptocurrency fully, and why it has utility value, perhaps much more than gold and silver given the fact that it's much more convenient to transact with, means that he will likely have a negative opinion on investments that don't produce dividends, or actually have an actual underlying business model. But I personally disagree with him on that front. Precious metals and cryptocurrencies are all valid investments, because even though they may be speculative in the short term, their long term value is still determined by the utility that they provide which drives demand. Bitcoin isn't a delusion, it's a legit decentralised network that has processed millions of transactions on chain and probably just as much off chain. |
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They seem to be counting a coin movement as the same as someone paying or being paid for something with Paypal. Coins move all the time with no intention of paying for anything or having been bought or sold. You don't move your dollars from Paypal account to Paypal account.
I wish they'd give up on these pointless and empty comparisons.
Exactly. The fact that change addresses are so commonly used in bitcoin should be an indicator of how much "duplicate" transaction volume is being accounted for here. Real capital movement is probably significantly less than what the estimates are, because if you are counting every single on chain transaction, you are not going to get an accurate figure whatsoever. And it's incomparable to paypal simply because the nature of the two are completely different, as well as the way they operate to facilitate transactions. Even looking amount of people using bitcoin vs. the amount of people using paypal would be a more meaningful comparison, in my opinion. Because it is clear to me that even though I think bitcoin has way more potential than centralised payment protocols will ever have, at the moment, adoption of BTC is significantly lower, along with social acceptance. |
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When they say countries banned these bitcoins, what happens when you log into Binance or Coinbase from the banned countrY?No access somehow? Why not use a VPN and access exchanges that way?  or TOR browsers Confused what it means to "ban" coins because I am in the USA.... any inputs?? It's in their country's legislation. It doesn't necessarily mean that they aren't able to access it. Most of the time, I don't think you even need a VPN to access bitcoin and facilitate transactions on the network. But while you are doing this you risk legal repercussions. Same thing applies to international exchanges which potentially have ceased to offer their services to the banned states/countries. There are actually certain states in the US that most likely have some sort of restriction on bitcoin transactions on a state level due to the fact that I see some states being singled out in the ToS of bitcoin exchanges. So it's definitely a worldwide thing. |
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Today I find an interesting graph about bitcoin price trend, this chart predicts the possible price of BTC in the upcoming fourth bull run From the first bull run to the upcoming fourth bull run, bull runs usually become more prolonged, and a bit less intense over time. In the fourth bull run, the highest price of BTC will up to $160k in September 2023 rather than 2021 commonly assumed, and in October 2019 BTC will crash down $3000, from October 2019 to January 2020 is the lower price period of BTC, and it will be the best time to invest. What this chart presents matches up with an article I read earlier, the gist of that article is that the lower point of BTC price may appear after September 2019, rather Jan 2019 I don’t know what algorithm does this chart uses, maybe itself no algorithm. what you do think about the viewpoint of this chart, please leave your comment or viewpoint. image url： https://ibb.co/TK5my5TThe halving is going to have a significant impact on bitcoin price, that is something that is going to be right from this prediction. However, the fact that this prediction involves any sort of specific numbers would deter me from believing in it. The fact is that it is next to impossible to predict how much FOMO will be present in the market, and how much further up we can go when market capitalisation was already in the hundreds of billions at the peak of the last bull market. I certainly don't think it's impossible to have something in the six digits for the next upcoming bull market, but the arbitrary way he approaches this analysis isn't something that I would be trusting. Furthermore, he essentially assumes that late August 2023 will be the time when the height of the bull market appears. Again, completely arbitrary date for when this will happen. But more importantly, wouldn't that mean that in 2024/25 markets will be bearish despite the halving if we follow his model? Contradicts his own prediction. |
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 Money is flowing in. It looks like we've found the bottom. Is crypto winter over? Not necessarily. I wouldn't disregard the possibility for further adjustments downwards at this stage leading to previous bottoms being tested. I still believe we are still some time away from the actual recovery that would lead the market into a bull market, and this can be seen through the strong resistance that is still present at the $4k level at the moment despite what seemed like a pretty sizeable rally from the start of the month. I definitely won't rule out seeing a lot more dips than what people are expecting right now. That said, this price level is opportune for accumulating for the long run in my opinion. Anything below $4k should be accumulation zone. It's a matter of we aren't certain where short term market movements are going to take us, but we do know that in the macro scale, this price level is definitely close to the bottom. |
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I'm researching them and can't find anything to back-up their huge claims. Including the 600M they claim to have given in coin loans, I suppose most of those are institutions, name one, get it confirmed by the institution itself.
On top of add I find it funny how they mention that the coins are kept in BitGo and OTHER custodial services, well which?
Can BitGO confirm they hold crypto for Celsius and how much. They claim they are all up for transparency, how is that not public?
In the app when you are about to deposit they say they keep the coins in Bitgo but "from time to time" they move them to exchanges and others to short the market.
Well you have to do that more than "from time to time" to pay 5% interest.
On their site they explain how great they are and how everyone else is worse, kinda like a child would.
Honestly if it wasn't for the CEO established name I would have scrapped this in the scam folder, long time ago but because he is so established I'm trying to find out something that makes them legit in a provable way, not just claims.
Anyone help me?
You're referring to https://celsius.network/, right? I took a look at their site and I would avoid them. They operate on a model where you, even as a borrower, have to trust them to hold the collateral in escrow. Do they have enough reputation to hold collateral 200-400% of the loan amount (which is way, way above what is standard for lending on this forum)? I think not. They also claim that they hold funds on exchanges and BitGo which opens up a whole array of risks including the fact that their accounts may be suspended and funds frozen if anything goes wrong. Then, what would happen to your collateral? There's virtually zero liquidity for their token, even though it says on ICOBench they raised $50M in their public offering which I find quite sketchy. Though, where did you find the info regarding $600M in loans being funded? I couldn't find that. They claim it on their site. And those $600M are coin loans, meaning someone gave them fiat to borrow crypto. They are self-bragging too much and using way too unclear language on what happens with the money for me to take them seriously.
However, they have some high profile figures on board, so im really divided.
Yeah, I understand. That figure is most likely fabricated or exaggerated in some way. If they have facilitated 600 million in coin loans, then it would mean based on their collateral requirements they have handled over a billion USD worth in crypto collateral. I don't think that is very likely to have happened, especially without any proof on their end. And even though the team members may be intriguing, that is not the sole or dominant indicator that you should look for in a project for their legitimacy.
Their numbers are definitely questionable. Also, take note that if they're actually using BitGo to store their funds, wouldn't that be a huge potential problem security wise? Exactly, Bitgo was involved in the Bitfinex hack IIRC. |
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It is often hard to judge where we stand in the current cycle between bullish and bearish. The biggest problem with this, is that if you cannot accurately tell where you stand in the current cycle, you will not be trading optimally. We have put together a short, free, lesson to teach you what we have learned over the years about bull and bear markets as well as our strategy to trade different trends, cycles and market conditions. Watch the free lesson on Youtube here.I would love to hear your own opinions on how to judge where we are in the cycle between bullish and bearish, so leave your comments below. I don't think it's difficult to judge at all. There are certain indicators such as what the mainstream media is talking about bitcoin that can be used as pretty much the proof that we are currently in a bear, or a bull market. If the mainstream media is screaming buy, it is likely due to the fact that market sentiment is extremely bullish and we're in that phase of the cycle. Vice versa. Or, just look at the price movements. If a value of an asset is continuously correcting from previous highs, then you know it's a bear market. What is hard to judge is when the start of the change within a cycle is. Not the actual market itself. |
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I was a former Nova Exchange user. I still check the exchange from time to time because I had a great experience before, though I haven't had recent transactions/trades. Yesterday, I received an email from support@novaexchange.com (quoted below) IMPORTANT: To Old Friends of Nova Exchange, verifying personal information. Exception to expire over time.
Dearest Customer,
Nova Exchange is growing by the hundreds every day. It's great!
Still, we always want to take particularly good care, and be of service to you who has been with us from the beginning.
Over the last few months the accounts of Nova-Old-Friends have been subject to an exception concerning the need to verify personal information. Over the coming weeks we will begin to repeal these exceptions. You will be notified personally with a date when your exception is about to expire.
By dealing with this, you will be able to keep using your account with no restrictions whatsoever.
You are among our most valued customers. The ones who have been with us for a LONG time.
We want to get this process going with you, so that we can give you the most attention and personal assistance, should you need it.
It is a very good idea to get your information verified right away.
Here is a short video explaining the process: PLAY
And here is where to start the verification: LET’S GO
Get in touch if you have any questions.
Team Nova Well, just want to give a heads up for those who have not checking their email and have coins/tokens in the site, especially the old users. If you're not willing to do KYC, better move out of the exchange as early as possible since they have not given YET an exact date of expiration. No way they are doing this willingly. They are definitely pressured by regulatory authorities in their jurisdiction, or they are worried that the regulation would change in the near future and they need to comply with these to stay open. This has been extremely similar to what poloniex and bittrex has done to their legacy users as well. Used to be able to use the pltafrom without KYc if you were a legacy user, but they took away that right at one stage. I think that they're going to see a huge decrease in trading activity on Nova, and funds getting withdrawn from their platform during this period. People who used them mainly were the old Nova users that didn't need KYC to trade, and I doubt many of them would be willing to conduct KYC just to trade on an exchange with such low volumes. |
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Looking for some thoughts from the community, specifically from other DT members, on the following:
The user in question (Hung Yu So) messaged me to state that they are not involved with this project, and they only posted on their behalf. The user also states that they were not aware of this being a scam, so they cannot be held accountable and are therefore innocent.
I have replied that if they can prove that they were "just the messenger", I would be happy to reconsider my red trust. The user has then replied that this is "not something they can tell me".
I am therefore inclined to leave the red trust as is for a number of reasons:
1 - They are refusing to provide evidence they were employed by this company to "post on their behalf". We have no way of knowing if this is true or if they are directly involved in said scam
2 - Any reputable user, upon realising they are advertising a blatant scam, would delete said post immediately, not argue over PMs while the scam post remains visible
3 - Their assertion that they cannot be held accountable is false - users advertising projects are at least partially responsible for what they choose to advertise, especially when it is such a blatant scam as this, which could be uncovered in less than 10 seconds - simply click on the link, see 2006 as the registration date, immediate red flags
I would be interest to hear what other users think of this.
Even though I'm not a DT member, I think that the rating should be there to stay. Firstly, there was plenty of signs that this project was a scam because of the absurd returns that they offer. Anyone who have done their due diligence will realise that this is either a ponzi or an outright scam from the get go. The fact that he claims he did not know this was a scam before he started promoting it is extremely shady imo. Secondly, he has yet to delete the thread in question. As you say that is untrustworthy behaviour as well. Lastly, the fact that he does not argue with any of the accusations put forth regarding the ponzi that he was promoting suggests to me that he most likely knows what he is going. He's shown the willingness to help an obvious ponzi promote themselves without doing any research beforehand, which is deserving enough of a red tag. |
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Blockchain.com also doesn’t support Segwit addresses currently. There are however other block explorers that do support checking balances of Segwit addresses. Here is your Segwit change address on two other block explorers:
Blockstream: bc1q8n25wwgty6esmvsah0fymdhw08mrl0lkmyd7m5
Blockchair: bc1q8n25wwgty6esmvsah0fymdhw08mrl0lkmyd7m5[/tt]
Just as I thought. I've used exodus pretty much since the beginning, and I've seen others who have used their service without any issues. Their support has always been prompt and answers in quite some detail, which is rare to see in today's crypto industry. I wouldn't use them as a cold wallet but I don't think that a minor mistake like this warrants such high level of panic. It was obviously an issue of segwit support that caused all the confusion, but since you hold your own private keys with Exodus, and they never have access to your seeds or private keys, they can't just scam you out of your money. I wouldn't be deterred from using them just from this instance if I were you. As milewilda said, you can lock the thread now with bottom controls. |
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Thanks magneto! I saw it and had to do something. I've seen too many people lose their coin! You were right too about it happening again. Another zazarb impostor showed up on that thread today! What lowlifes.
Not surprisingly. As I said the fact that he was able to do it on one account means that he will be able to do it on many others. I'd expect to see impersonators for other lending services as well even though right now this attack seems to be targeted to zazarb. Though I doubt that it's going to be successful given the ease of which this type of scam is able to be spotted. As a result, their targets are most likely going to be newbies. So if you are new to this forum, and unfamiliar with the forum, always double and triple check because you are most prone. Don't be afraid to ask around if you're unsure. |
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Certainly a scam. Most to all of the investment opportunities being advertised in the investor based games section is scam, and runs with a HYIP/ponzi structure. I took a look, and there is no way that particular company that is registered with the UK government is related to BTC-Upgrade. However, it is important to note that even if a company has been registered in a particular country, it doesn't guarantee that their actions will be legitimate and you will get paid out. I've seen HYIPs in the past have company registration documents listed on their site, and IIRC it is quite easy to obtain these in certain jurisdictions. Usually, looking at the returns which a site offers is enough. If they offer multiple times what banks offer, you know something is wrong. Don't even bother looking at whether they are registered or not. Most importantly, one is able to invest directly via CASH, simply by visiting the office in the UK to confirm the existence as well. This is a first though. I wonder if someone has the spare time and effort to actually go visit them (even though chances are they aren't anywhere near the location they claim on the site). |
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This chart is designed by one Twitter user. this chart shows how the halving of bitcoin has an impact on the price of bitcoin.
This graph has presented the relation between bitcoin history price and the remaining time until the next bitcoin halve. The change of color can reinforce the show of this relational change.
The more length of the remaining time, the more intense red color moving, the less short of the remaining time, the more intense blue color moving. From the current tendency, the color starts to go out of the yellow and ready to go to the light green, does this mean the price of bitcoin will go down again?
Not really surprising. If you think of it rationally and logically, you'll find that each halving essentially represents the scarcity of new bitcoins being mined increasing. And the market responds as a result of that. Though, we can probably attribute at least part of this phenomena to the psychological factors of BTC halving. Everyone expects there to be a bull market because of the decreased block rewards - and that becomes a self fulfilling prophecy. What will be most interesting isn't just the current price, but rather how the bitcoin market acts after it gets close to the upper limit of circulating supply, and whether or not halvings will still be a factor then. I personally tend to think that there will certainly be a decreased influence on the market, because the amounts then produced in each block would be minuscule anyways. |
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It doesn't really say much because of the fact that we don't know whether these addresses are owned by exchanges, entities, or individual investors.
But what I have seen over the past few months is that while people have been influenced by the bear market, institutional firms and investors have been actively trying to probe into the market. It's actually quite smart if you consider the fact that they're essentially entering in at the most opportune time, contrary to what the market sentiment is.
This should be an indicator that the smart, institutional money is already coming in and accumulating coins at this stage. While that in itself doesn't necessarily mean that a bull market will emerge, it certainly invalidates what people claim of "bitcoin's death". The fact is that the market is just moving in cycles - and institutional demand is going to be huge in the next bull market.
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What do you think is the likelihood of a 2008 financial crisis happening again if we only used bitcoin and there were no fiat money at all?
I don't think this is a realistic scenario at all. There isn't really much of a probability that bitcoin will ever replace fiat completely, and there will probably always be some form of centralisation in the currency supply because of the fact that centralised, and government issued cryptos are going to be issued in the future. It's hard seeing that decentralised cryptocurrencies such as BTC being the only currencies used globally, even though I do expect it to go mainstream. Besides, it's impossible to predict whether or not there will be financial intermediaries that act in the same way as these investment banks did in the crisis with mortgages. Just because the new currency may be decentralised doesn't mean there couldn't be loose lending, or fractional reserve off-chain. |
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You know for now, the price of Bitcoin is slowly falling.
Bitcoin prices have dropped nearly 25% this year. If analyzed since December 2018 the price of Bitcoin is very low, last year until now, the price of Bitcoin has dropped 75%.
Bitcoin prices for the past half of the month were around 3,428 US dollars, for now the current Bitcoin exchange rate is around 4,185 US dollars.
I think that for this there are several main reasons why Bitcon prices and other digital currencies continue to plummet.
Factor:
1. Infrastructure in Unregulated Coin / Bitcoin Exchange Rates.
reason: this factor is caused by cryptocurrency trading, when Bitcoin transactions or transactions are minimal from the supervision of the form of regulation, which is known to be very strict, for this kind of thing provides an opportunity for investors to store shares freely against Bitcoin.
2. Regulator Factors.
Reason: this one factor boosts the value of Bitcoin et al, in the form of Initial Coin activities, it can be said that the initial offer of coins, similar to (IPO), is often done by companies in seeking money / capital.
iCO is likely to (startup) raise funds, without being involved by regulators. rate the ICO will violate the rules that there are securities that apply aka scam.
3. Managed by the Community, not by the Government.
Reason: Because it is beyond the responsibility of the government, crypto is managed by the community, meaning, in this case it is very vulnerable to weakening. Has a history, let's say Bitcoin was created in January 2009.
4. Alternative factors that are not real.
Reason: Bitcoin creators have a purpose and vision that Bitcoin is easier in instant payment transactions in each country, but doesn't have to bother with the exchange rates of currencies that vary from country to country.
I think this is a factor that has a huge effect on Bitcoin for now.
There may be other things that in the opinion of friends about the drop in Bitcoin, can share opinions here.
The purpose for those who are trading, investing, investors remain positive towards Bitcoin at this time.
I don't think that most of these factors that you list actually had much of a tangible impact on the price drop in recent months. The most important factor here is the fact that 2017's bull market was completely unsustainable, and given that bitcoin prices generally move in cycles in the long term of bull and bear markets (just like any assets), a period of bearishness, dips, and general market inactivity was quite foreseeable even before the bear market actually happened. For now, I actually think that positive regulations, the community driven nature, as well as institutions entering the market are all positive factors that will contribute to the upcoming bull market. When this bull market will emerge and the recovery will come though is up for speculation, though I'd expect it to come mid to late next year latest due to the halving. |
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Gives an comparison between the wallet holdings of leading local banks with the largest cryptocurrency exchanges and the second image gives a comparison between the top five banks of UK and USA with leading cryptocurrency exchanges. The global trading platform of cryptocurrency lag behind 15 with comparison to the local banks, while these local banks hold over is 1000 times less than the top five banks of UK and USA.
If I'm correct we're far behind the financial institutions and we need more adoption to have a competence, as of now the technology is the key factor keeping the cryptocurrency strong in the market. With this it isn't possible to go mainstream to make a change on entire system followed throughout. I personally don't see the amount that crypto exchanges hold reflect the adoption rates accurately, nor is it comparable to banks as a means of comparing how mainstream bitcoin has become. The fact is that exchanges and banks/traditional financial institutions are completely different things. Exchanges don't take deposits as investments, but rather only as a means to fund the trading activities one wants to conduct on their platform which leads to a lot less actual balance being held there compared to banks, who may have term deposits or call deposits. From that alone, it's unfair to compare banks and exchanges solely off their balance given that they operate under completely different business models. Furthermore, people holding so much funds in exchanges only leads to centralisation, and unnecessary risks. Bitcoin is decentralised and trustless for a reason - by storing funds with an exchange, you are violating both benefits. |
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I think that it's probably a bit of a stretch to say that bitcoin currently makes an impact on global debt levels.
The only thing that I can say for certain is that the bitcoin network is based on the idea of decentralisation and trustlessness, which means that there won't ever be fractional reserve that is conducted for transactions and holdings on chain. That is different to how the debt based fractional reserve system that we've got in most countries right now. There is also potential for people to hold bitcoin as a globally accessible store of value that will benefit them financially.
But when it comes to actually reducing debt levels of countries, bitcoin as a currency simply is not related to how these debts are being created. Perhaps in individual cases capital gains via BTC is able to get someone out of debt, but since it's a zero sum game, it also means that someone else is losing out.
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