More news from anonymous sources, which may or may not pan out. Smiley
Facebook may be using this announcement as a publicity stunt in an effort to artificially inflate the value of its stock which has dwindled in recent times. Mark Zuckenberg came under fire earlier this year for facebook sharing end user data against ethical guidelines. Facebook's declining value could be a result of trust issues. Its an open question as to whether people retain trust in facebook sufficient for them to rollout a stablecoin or blockchain based solution for payment processors.
That said could this be an indication of how far blockchain and crypto currencies have progressed being that large tech giants now view them as being a viable prospect and platform for future growth. It's definitely still something that is only a rumour, and nothing solid. For me, it's no different than any other stablecoin that is currently being used. The fact that FB is behind it could make it more legit, but there is still the risk that they can freeze funds, suspend accounts etc. which are not supposed to be possible with decentralised cryptos. I honestly don't think that there is much of an advantage for users. To them, it would be the exact same process as sending funds via a centralised payment processor that doesn't necessarily have to use blockchain, like paypal. It's a purely business based move, if they do choose to go ahead with it. However, if they are indeed targeting the Indian market, there is already strong competition in terms of mobile payments with Paytm being so popular. And we don't know how the Indian government (where whatsapp is popular, apparently) will react in terms of regulation. |
|
|
|
Is there anyone that can find those in charge of this scam and report it back to here, looks like they have done a really rubbish job covering their tracks and we have found a lot of info such as ips and it links to a valeting service in Vietnam but if everyone could share this and let's endure these scammers get put to justice!
You could potentially try digging deeper to find who's behind them, but honestly, it's probably not worth your time. Even if you do find where they are located, it is very unlikely that you'll be able to actually do anything with that information that would lead to your funds being recovered from the exchange. You're essentially counting on local authorities caring about this case (which they probably will not, since it's not a very large exchange in question), and that you can somehow reach them from another country. But this is honestly one of the most obvious scams that I've seen in a while. All the giveaways, and referral programs that are promising free coins that they offer basically rule out any legitimacy. The broken English is an obvious cue as well. In future, don't just use random exchanges you find on chat groups or via a google search. Always research, check their volume on coinmarketcap, check their reputation on the forum, etc. |
|
|
|
There are only 5 days left in 2018, and 2019 is coming soon People really have different opinions on what the trend will be in 2019 https://www.reddit.com/r/jex/comments/a9xtvg/will_things_be_different_in_2019/As history is always strikingly similar. It was 9-18-2017 when BTC was at 3650 last time, and then it went up all the way to 22618.27 in the next 3 months. So will it start to surge and reach above 20000 again in March,2019 or April,2019? Let's wait and see the result in next season I'd say that it's improbable. We're still deep in some extremely bearish markets, and the overall sentiment is still very negative. I don't even think that we've hit rock bottom, yet. We are definitely close, but there is still potential for further dips, as any dump at this point can possibly trigger an irrational panic sell situation where prices crash below where the majority of demand for cheap coins is at temporarily. Comparing 2019 to 2017 is simply not a valid connection to make, in my opinion. If anything, 2019 can be compared to 2015, which was around 1 year past the all time high of 2013. And even then, historical performance isn't always indicative of the future, even though I do expect the recovery to somewhat coincide with the 2020 halving, which is why I don't think that a longer term rally is possible at this stage yet. |
|
|
|
Website: http://ethtokens.online
Archived: http://archive.is/DbdKJ
What happened: Stealing MyEtherwallet private key.
Above mentioned website is fake decentralized exchange whice is spreading on over telegram group. I just visit website and check this is a scam trap. Almost look like MyEtherwallet website. But it's totally fake, I have search over forum but didn't get any result. That's why wonder to make a post about this scam. Once you click on unlock button they will ask you for private key. I have entered fake private key to see what is next option. But surprised there is no more option after enter private key. That means they will just steal your private key and they will transfer your token instantly. So be careful from this website. Do not enter your private key ever. Always check address bar before you enter your private key. Always be cautious with any site that is offering some service or giveaway. Especially in the case of sites that are being promoted on telegram groups, be extremely careful when someone is trying to get you to use a site with which you have to deposit funds or share any personal details on. There has been a ton of fraudulent exchanges as well as websites set up to impersonate established businesses being promoted on telegram, discord, etc. that newbies have fallen for. You should never be exposing your private keys to a third party, and especially not one that is clearly a phishing site of a well known online wallet. A private key is private for a reason, after all. A little research and common sense will minimise the risk of falling into such scams to almost 0. |
|
|
|
Hello guys, I've been trying to find information about this and haven't really found anything so I'm posting here for your help, this is this site where you can download the software and all you have to pay I think is .08 BTC and you can get either .1 .2 .5 or a whole 1 BTC depending on which one you chose, all you have to do is download the software at their site, the site is btcadder.co and a youtube video and I've looking at the comments and all of them are good saying it works, but I want real people like you if you have used it or if you are willing to try and post here results, here is the video that explains it all, to check out https://www.youtube.com/watch?v=GB1C7OK1KcY NOTE: There is another thread here talking about the site btcadder.com but this one is btcadder.co without the m ???at the end, so it's not the same one Thanks for any reviews or advice They're offering to sell you a complete bogus software for money. Just look at the UI design of the software in question, they did not even put any effort into designing it, or at least hiring a designer at all. There is absolutely no magical application that will be able to instantly generate bitcoins to your address. That's not how bitcoin mining works. If these applications/sites were legit, then there would be an infinite amount of bitcoins in circulation, which we know is not the case. If you do send money to them, you're not only running the certain risk that they will take your money and provide you with nothing in return, but also the risk of the application you download being a virus. Just don't do it man. These "bitcoin generator" or "bitcoin miner" scams have been around for ages, and all of them plays on your greed in order to get to their ulterior purpose of scamming people. |
|
|
|
This would appear to hint @ bitcoin's latest downtrend as being politically motivated and orchestrated rather than a product of natural market mechanics.
Banks desire a centralized financial industry they control as it would give them the power to censor individuals and groups whose perspectives they disagree with. Centralized paradigms within finance, economics and politics have a tendency to be preferred for this reason. They offer greater control over populations and make it easier to force compulsory guidelines on everyone.
Whether people believe banks or any single authority having the power to punish or reward people for their beliefs, views or opinions is a positive for society is open for debate.
Perhaps its enough to acknowledge a power struggle is occurring @ the highest levels. The implications of which could have deep and long lasting effects.
Classifying a currency based on who uses it is really not something that is smart at all. It's like saying that fiat currency is the currency of criminals, because criminals accept it worldwide. Obviously that argument isn't valid, yet the same argument is being used against bitcoin to label it as some underworld currency. Also, you raise interesting points about censorship and how the traditional banking system can be used to control what people get funded to talk about, and block funds that are going for a specific cause that central authorities may not agree with, or freeze individuals accounts. Note that I completely disagree with Neo-Nazi sentiment and do not agree with it at all. But since the bank who holds the customer's funds have all the ability to do this, the fungibility of fiat currencies stored in banks is indeed compromised (which really has nothing to do with Neo-nazism). |
|
|
|
Western Union is Ready for Crypto Use in its Payment & Transfer Services
The American-based leading financial services firm, Western Union, is now more than ready to start using cryptos for payments. Odilon Almeida, the president of Western Union, revealed in a video interview with Reuters Plus, that the financial institution has been evaluating and ascertaining the deployment of digital currency. They are further delving into ways through which the service delivery using distributed ledger technology (DLT) can be improved. Western Union, founded in 1851, operates in more than 200 nations across the globe. I remember a lot of the infographics that were previously shown with a side to side comparison of the traits of bitcoin vs. WU, which obviously showed the superiority of bitcoin in terms of the convenience, cost, and security of transferring wealth from person to person globally. It's interesting to see now that they are trying to integrate bitcoin into their services. Again, this is acknowledging that bitcoin does have significant merits which can be used by financial institutions across the world, to facilitate global transactions or settlements. This is exactly what WU is interested in taking advantage of, right now. It still remains unknown though how exactly they plan on using bitcoin, whether treating it as a foreign currency which people can send overseas, or a means of transferring wealth outside of the SWIFT/SEPA framework. Either way, it's encouraging to see. |
|
|
|
Hi Everyone,
There has been something on my mind for last couple of weeks and that is:
Is Bitcoin going to be the best hedge in the upcoming financial crisis?
Let's assume for a while that the financial crisis will break wide open in either late 2019 or at latest early 2020 - we live in everything bubble era.
What do you believe will be the ultimate hedge and why do you think that?
In 2008 crisis it was US treasuries and gold as it rose sharply in 2009, 2010 up to 2011 I don't think that would be the case this time as the mobility matters more and more.
I can't speak for US treasuries as I don't understand them that much let alone understand why would anyone invest in anything that does not even cover (real) inflation which in my opinion is about 7 - 10 % per year depending on where you live and things you buy.
In my opinion it will be Bitcoin (BTC) as it's the oldest, largest crypto with the largest hashing power behind it.
I would appreciate your comments and opinions.
Edit 17/12/2018: As some people thought I'm looking for an instrument that will not take ANY loss - that's not the case here - I'm looking at an instrument that will not stay down for say longer than 3 months.
Edit 19/12/2018: This assumption/planning/thought is for rich people - people who can barely afford food and just got laid off will not invest in anything (maybe lottery tickets if they want to call it investing).
I wouldn't say that bitcoin is guaranteed to not stay down for more than 3 months. However, if you look at it from the perspective of whether people would want to be in an asset class which is decentralised and people know is a good store of value and isn't manipulated by any central entities, or rather assets that have ties to the traditional economy within a financial crisis, I think that most people would want to hold the former. It's the reason why precious metals have performed well in times of financial crises around the world. Bitcoin can serve a similar role here. Is it going to be the best hedge? It's hard to say, but it will be a hedge against any upcoming financial crisis in my opinion. It's certainly going to be comfortably outperforming assets like shares, or potentially even fiat cash itself. |
|
|
|
Nice job. Seems like the site has already been taken down by the host as well. It's also nice to see that there are now vigilant people out there apart from of course, OP himself, that are looking out for these types of scams. In this case, it is the flipnpik team that has spotted this scam. Not only are they protecting themselves from identity theft, they are also savings tons of others from this scam ICO, since now it has been taken down before their ICO has even officially started. Loanbyte is a P2P lending and investments platform with safety fund, especial verification system and cooperation with world-wide arbitrations. This mission statement though should have sounded the warning bell already. It sounds exactly like all previous lending platform scams, like Bitconnect, Ethconnect, etc. Even if they had a legit team, there would be no way that their business model is legitimate and sustainable. |
|
|
|
|
I don't think that it is fair to say that they are backing out of crypto.
Institutional investors obviously have shown interest, and I think the reason why a lot of them have not actually launched their bitcoin products is because of the fact that it's simply a very inopportune time to do so when there is a raging bear market happening around the bitcoin sphere.
But ultimately, we shouldn't be measuring bitcoin's success based on institutional investors. They may have a short term influence on price, but I don't think that in the long run they are as important as actual adoption and use of the network. They simply don't have direct influence on how the network is run or the facilitation of transactions, even though they may be able to influence price.
|
|
|
|
|
I actually doubt that this will happen, even though this bear market is obviously temporary.
Looking back at the 2014/2015 bear market, it did take around 18-19 months before prices started to even recover, and bullish sentiment was injected back into the markets, let alone having a new all time high.
2019 should be similar in terms of sentiment to this year. Markets are still adjusting and correcting, and I don't think that prices are going to move anything but sideways for the next year or so.
Honestly, it's just extremely hard to see any event that would push a complete trend reversal within a year. Perhaps 2020's halving will spark bullish sentiment, but I don't see anything before that.
|
|
|
|
If you compare the dow jones, or the S&P 500 to the bitcoin chart you can notice that the stock's have been in a rally since 2009 right when bitcoin was just created, this means that the crypto currency space has never experienced a stock bear market, because stocks have been bulli
from 30$ to 2$ when it went from 1200$ to 200$ and now from 20k to 3k all of the previous corrections where with a bullish stock market, but now the stock market for the first time since 2009 is beginning to plunge and is taking cryptos down with it, something that hasn't happened in the previous btc "deaths"
This makes me believe that this time crypto may never come back at all, like when tulips crashed in the 1600's or when the thousand of .com stocks never recovered (like pets.com) etc this means that this time bitcoin and other crypto currencies may NEVER come back to a ATH like it has happened before, what we learnt from previous bubbles caused by a new emerging technology eg the .com bubble with the rise of the internet is that the majority of companies (this time coins) die off and I believe right now bitcoin is so old, rusty with high tx times and high fees that it is possible it may become the MySpace of crypto, having said this it is also really posible that cryptos stop existing at all, because there are coins that really don't need a blockchain and are just pump ICO'S that have no real purpose, the only thing that its left is the blockchain technology by itself that dosnt really need to have a token with value attached to work, the world could adopt the blockchain technology without the need to have a pump token attached to it.
this is my opinion right now, I think blockchain technology is here to stay but I put into a debate if crypto tokens will be here to stay.
Firstly, I think that there is very little tangible correlation between the traditional stock markets, and bitcoin. They are simply operating in two completely different fields here, stocks represent equity in a company, while bitcoin has the utility of facilitating transactions without intermediaries, as well as a coded in supply curve which can't be manipulated. That's ultimately what makes bitcoin valuable, and why it's different from the tulip mania. There is tangible evidence that this type of store of value that bitcoin offers is needed within the economy, especially when other stores of values like gold and silver are so bulky and inconvenient. As herbert mentioned, the two events that you pointed out (bitcoin going up and stock markets going up) could be just completely coincidental and they probably were. There could well be a stock market recession coming very soon, but I doubt it will hit hard on bitcoin. It simply doesn't have any stake in the traditional economy given its independence. |
|
|
|
Bithumb Cash worth $20? No, I mean $19... er, $17.50 now?
This is the same exchange that a few months back blatantly encouraged wash trading with its "airdrop" of its own coin, this looks basically like the same thing, wash trade $20k (So that's what, 0.5 BTC back and forth 10 times?) and get "free money". Just a marketing ploy to create false volume, they'll earn back a bit from commissions and of course from unsuspecting new users who see Bithumb high up on the charts.
I think this sums it up perfectly. You're essentially being incentivised to trade on an exchange which has allegations of fake volume just recently, as well as potential manipulation within the exchange. Not only do you not have any point in doing so given that you are most likely going to be paying higher commissions than what you are receiving, you are also probably handing over your identification documents to an entity overseas which you don't necessarily have any knowledge of. Also, there is always a risk that they may freeze your funds while they are deposited, and since they are operating from another country, there is pretty much no legal recourse that can be taken. Given all of these factors above combined, I would not take up their offer, even though on the surface it may look like it's "free money". |
|
|
|
|
With continued growth pretty much throughout the last decade, there has been a lot of talk about a recession coming through. To me, it's also only a matter of time before the stock markets adjust, and real estate bubbles once again burst in countries like China, Australia etc.
And everyone knows that any period of continued growth will be followed by a recession. And I think we definitely may be close to one right now. Whether this is coming in months, or years is completely unknown, though.
What people can do in my opinion without knowing exactly when the recession is hitting is diversifying their portfolios. It makes sense for crypto to outperform traditional asset classes such as stocks and real estate within a time of recession, since bitcoin is independent of the entire fiat system which will be hit the hardest. It'll serve somewhat as a safe haven asset, like gold, within the next recession, as people know that it is decentralised, and that central banks simply cannot influence the supply of bitcoins within the market. That's my take on it.
|
|
|
|
People complain about the waste of electricity to produce Bitcoins. But it is unbelievable the waste of the various resources we spend or no we do not use to serve only as a store of value. Exactly. It's really an extremely poor argument against the use of bitcoins. People don't realise that bitcoin has a function, and the energy that is going into bitcoin isn't wasted at all. In my opinion, bitcoin is just so much more portable, divisible and convenient than gold, while still having a capped supply which can't be manipulated (which is potentially even more decentralised than gold itself) which makes it a good store of value in the long term. And besides, bitcoin mining is generally using up excess energy that would otherwise have gone to waste anyways. But I guess this comparison between the two just shows how much wealth can be stored and transferred with bitcoin with the same process. This will be a major point for adoption in the future, as gold investors and people seeking safe havens will potentially want alternatives that are more convenient and liquid, in which case, bitcoin would be amongst the top of the list. |
|
|
|
If they can't handle replying to emails immediately as they said then don't lock someones funds that he needs them in a specific time you know what ? they just don't care it's obvious
don't try to implent security features that are not working properly and are beyond your power to handle
show users a warning on the wallet so they know their wallet is disabled so they don't use it to receive a payment
and show them the reason
it seems like the wallet was disabled even before me receiving the payment
this is not paypal to protect my funds espicially if their algorithm is totally stupid and not stable and locks users without a notice there is a lot of people on fb complaining on this issue
That's exactly what I think as well. It shouldn't take 2 days to resolve an issue with cosigning a payment. It should take less than 24h at the max, especially when amounts this high that are involved. Otherwise, I think that the 'benefits' (which I don't think aren't even benefits) of having a cosigner verify payments are just completely not worth it for the hassle, and the risk that you can't be verified as the rightful owner of the coins, in which case, btc.com can just not release the coins for however long they would like. And that's why I don't personally use these services, because there could be a lot of hassle with restoring wallets, contacting support etc. when something like this does happen, even though theoretically they don't have access to your funds. It's much easier dealing with just a desktop wallet which you fully control, or even paper wallets, which in most cases both of these wallets will have sufficient security. But you made the mistake of not keeping the recovery stuff saved, as well. Things could have turned out bad for you without you having access to the recovery docs. |
|
|
|
The scammer's profile link: https://bitcointalk.org/index.php?action=profile;u=696473He's already been tagged previously for fake vouching himself, so it's not surprising that he has scammed you. His fake vouches were simply a set up for future scams, and you should have checked the feedback on his profile before you sent any sum of money to him. Admins/mods can't ban someone for scamming, which is why trust ratings are important. Anyways, you need to realise that it is impossible for anyone to offer you legitimate Amazon gift cards for more than 20-30% off. If anyone's offering you Amazon gift cards for above those rates of discounts, they are likely to be scammers. Even if you use escrow, it won't protect you against carded AGCs, which can lead you to serious trouble. So when you are dealing with gift card purchases, always a) ask for original purchase receipts b) use escrow and c) avoid anyone offering absurd rates. |
|
|
|
News of Bitcoin’s decline turned out to be positive for one particular group of people. Anti-crypto activists, who promote conservation of healthy environmental conditions, are glad to know that Bitcoin is becoming worthless and will soon disappear.
First of all, they are absolutely wrong in assuming that this bear market would have any real effects on bitcoin in the long term. Bitcoin has experienced several bear markets before, and it's normal across all asset classes. It's only something short term, and won't really extend beyond that. Also, I think that these people are misinformed about bitcoin, probably hasn't even bothered to research in depth into the concepts underlying bitcoin, and using "environmental activism" as a way to push their stance. I think Hydrogen has already debunked this "bitcoin is bad for the environment" myth in one of his posts. The fact of the matter is that it doesn't matter whether bitcoin mining is taking up x amount of energy, as long as the energy is sustainably sourced, it doesn't matter. Besides, excess generated energy would have gone to waste anyways. Also, bitcoin's not just wasting the energy. It's using it for a purpose - and probably more efficiently than gold mining, bill printing, etc. |
|
|
|
|
I don't see any real connections between the two events.
Bitcoin was due for a rebound anyways in the short term, even if there was no actual bullish breakout. I think that this current short term bullish trend would have happened regardless of a potential government shutdown.
Also, the 2013 shutdown was in October, while the height of the bubble was in fact in November and December. I think it's a bit of a stretch to say that these events were correlated at all.
While bitcoin could potentially continue to test the $4k resistance, it's got nothing to do with US government shutdowns. There is no fundamental reasons that are able to back this argument up, in my opinion. It's also more likely that the price continues to move sideways and dip, as I expect the bear market to continue for at least a few more weeks.
|
|
|
|
Hey,
Just bought some coins via coinbase website and now I saw that I can't move the coins because its locked for 15 days. my account is fully verified with docs.
Is there any way to speed up things and unlock the coins?
Coinbase has had a history with account suspensions and stuff like that. I've never heard of anyone getting their coins locked for 15 days, though. It could be because of the fact that you paid with bank transfer. That seems like the likely answer for now. You should still contact support to clarify why exactly this has happened, however. I don't think that any other service holds customer funds for this long. In the future, I would not recommend coinbase as an exchange or as a wallet. You're likely not going to get the best rates, you don't hold your own private key when holding funds on their platform, and previously they have frozen accounts that have simply been suspected of dealing with gambling websites. Essentially, you don't have full control over your coins, which is the point of BTC. Their support is also pretty terrible all throughout 2017. There are plenty of other exchanges, as well as wallets, that are available. |
|
|
|
|
Show Posts
