Hello. Has anyone any experience of this wallet? Looking to hold bitcoin in it. Up to now I have held in exchanges but want to hold in my own wallet.
First rule of thumb, never keep your money on exchanges. Take a look at what happened to bitfinex, coincheck, cryptsy, yobit, and now even poloniex and bittrex users. They all got their funds stuck in exchanges, or the exchange got hacked. Exodus has a beautiful GUI that is intuitive and easy to understand. Even a complete newbie can use it with ease. It may not be the most secure, since I think it isn't open source. So for larger amounts you still need to download the actual official clients. But for smaller amounts, under 10 BTC, lots of people do that already and I haven't heard anyone gotten ripped off. |
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I saw that the price of bitcoin and other crypto currencies are bumping exactly at the same time and it now reached $9000 in some hours.I hope this is the end of the crazy run with bitcoin price.
BTC is up around 7% from 24 hours right now. It's really no surprise though because yesterday was just pure panic dumping and today people are realizing they have sold their coins for way too cheap & now re-entering the market with the money that they gained by selling yesterday. I doubt this will be the end of dumps. We will see a pump up to $9000-10000 and test the waters at $10k again, if we break it then we could have some more pumps, but 2018 in my opinion will turn quite bearish from this point, especially if $10k isn't broken once again. |
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I went into my local wells fargo branch today to do a wire transfer of funds from my checking account but they refused to wire my money on the grounds that "they have a policy against wiring funds that come from coinbase". Apparently all USD is equal but some USD is more equal than other USD. They said I can still write a check using the money just no wire transfers. Oh thank you massa... Hopefully it's true... I'm attempting to use a check written from wells fargo over to my credit union and then do the wire transfer from there. But of course that's going to take an effing week because the legacy banking system is a god damned disgrace.
I cant be too mad. I knew they were this bad. Part of the reason I invested in crypto so long ago is precisely because I knew how awful they were and I was right and made a lot of money betting against them. If they weren't this terrible I never would have had the success that I have. The last laugh belongs to me.
Yeah this sucks. As alyssa said, I think it's got something to do with Bitfinex's issues with Wells Fargo, and now they are just refusing to touch with the crypto ecosystem at all. But is it really effective to limit the account of the recipient? I don't think so. The legacy banking system is flawed, and this is the prime example of this. They have the last say on what you can do and what you can't do to your funds. Basically the funds are in your name, but they tell you what you do with it, essentially. That is a huge problem, Wells Fargo is just one of the examples. |
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Of course, but that is only available for corporate accounts, which means that if you just want to use Bittrex as an average bitcoiner, you're still not able to open up a new account to trade your coins with them. They're saying that they'll 'keep us posted' with no promises for dates. To be honest, I don't really see a reason to sign up with bittrex though. Their support is extremely slow, and they don't allow unverified accounts anymore. Their basic verification rarely works, so you always have to go for enhanced based on my opinion. Sign up with an alternative in the meantime like Binance, if you really need to use bittrex later you can get an account pretty easily once they accept new registrants again. |
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Hi,
I fell for the fud today and I sold most of my bitcoin around the 6800 - 6600 EUR mark. It got pretty scary for me as I've not been around for the past mass dumps and i've usually had my bottom so far from the top that any dips have been nothing. So I was really tried and tested today.
I'm looking to get back in and I wondered if anyone had any experience with this and could give me any advice. Should I look to buy back in at a loss just now or do you reckon to wait for another dip?
I know no-one can see the future, but just from past experience has anyone wished they'd bought back in asap or waited?
That's just unlucky man. You simply never sell at these sorts of low levels because there hasn't really been in the history of bitcoin 3 or even 2 straight days of bitcoin crashing by 15% or more. It just has a very low probability of happening. Right now, since the price is still under $9k, you could certainly buy in some. The loss you're taking in will be something around $200-400 per coin based on current prices, but that's not a lot when you convert it into a percentage. Buy with half your funds, leave the other half for buying in case price goes even lower. Learn the lesson from this mistake - don't trade with your emotions. When everyone else is telling you to sell because it's a bloodbath day, it's not a good time to sell. |
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The 1 BTC loan that he tried to take was indeed very fishy. However has locked it. The mutual fund that he is offering says on its own thread that "BY MAKING A TRANSACTION TO FUND ADDRESSES (PLEASE SEE HEREIN ABOVE) YOU AGREE THAT YOU CAN AFFORD TO LOSE THE INVESTED MONEY." And to be fairly honest, I think that if you do take on the risk it's probably not going to pay off well. The fx account performance that he had posted is apparently set to private for now. There is also no transparent way to see how much profit is being made. He needs to at least have a neutral feedback from DT, in my opinion. Negative may be a bit too harsh though. |
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I agree with you on the fact that if bitcoin ever dipped to $4.5k it'll be a very good buying opportunity for sure. So without a doubt, when the price is under $5k it should be clear for anyone to start putting money into bitcoin again. By the looks of it, it could happen. But It won't happen within the month of February. I'll still look to unload, if you are a short term investor, at a price between $10-12k. There should be a nice recovery after all the recent days' worth of dumps. It won't go to $5k or less directly. So for now, for anyone looking to sell in the short term, I would be holding until the price is at least 5 figures again, then by back when price is $7k or lower. |
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Everyone here likes to "hodl". It makes sense. Bitcoin has spiked before and provided investors with 10x return or more, and then proceeded to talk 50-80%. This is normal bitcoin behavior and seems to happen again and again, and it always seems to recover and bounce even higher. From that perspective, I totally understand people wanting to remain steadfast and hodl.
That being said, it is now over. Bitcoin is done with this pattern and will not spike again like it has in the past.
The landscape for crypto has fundamentally changed recently. Bitcoin used to be the only option for many people to invest in crypto. The reason it would rise is because there was a large, untapped population of investors who were willing to log into Coinbase and invest because it was very easy to do, and there was a lot of money to be made. Now, this is being spread out among altcoins. While bitcoin itself is championed as being this great deflationary currency, ironically, crypto as a whole is infinitely inflationary as more and more alt coins are created, and made easily accessible on services like Coinbase.
Previously it was one choice - you log into Coinbase and you buy bitcoin. Now it is 4, and this number will only rise. This, on top of government threats, and technical/scalability issues with Bitcoin, are why this pattern is over.
I do not expect Bitcoin to ever set a new all time high again.
So are you saying that right now, crypto has already reached its maximum potential? I think you'll agree with me in saying that crypto has not even unlocked half of its potential yet, I'd say that less than 10% of the world population actually has investments in crypto, and the countries which need it the most like Venezuela which has hyperinflation on a daily basis has not yet fully adopted it. These are all potential for bitcoin to keep growing, which I believe will be the case. Right now, there may be a "crypto winter" like people like to say. But after that there will be pumps. All time high could be broken again, or at least that's my opinion. Of course, you shouldn't put all your eggs in one basket. Even as a bitcoin bull, I'm diversifying into silver, gold, fiat, stocks, etc. so that in any scenario, I've still got some savings left. |
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Some experts who says bitcoin to completely crash is it true ? One of the reason said is virtual currency having no physical form and at least no transferable physically can not be recognized by retail public users.
What the hell does that even mean? Some expert said that suicide is good for your health, would you do it? I hate it when someone says "xx person said that bitcoin is going to crash, dump your bitcoins now!!!", because in the end, their speculative opinion will remain exactly just that and nothing more than that. It's not going to be accurate. Sure, bitcoin has no physical form, but that is its advantage as well - it is easily sent and received, and is infinity divisible and every single unit is interchangeable. Bitcoin can fall to $1500-1800, but not in my opinion. |
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There are two groups of people interested in bitcoin and other cryptocurrencies
1. A group of people that are interested in the technology.
2. Group of people that are interested in bitcoin to earn money.
Unfortunately most of people are in the second group and I don't think they are interested in such books. I hope a day people will study more on blockchain technology and use these books.
You're absolutely right. The vast majority of people that are involved with cryptocurrencies are simply here to try to make a buck or two in the short term by speculating on bitcoin's price. Which imo isn't that big of a deal, if they at least make an educated bet and not just buy into the mania. I've personally read "the age of cryptocurrency" and I can say that it has helped me greatly to learn about cryptocurrencies when I was in my early crypto days. It is definitely worth a read, though you are probably going to find the info on youtube as well. |
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It was a scam the moment that it came out. Why? It's just another bitconnect clone that is using the same back story as a "lending platform" that is operating in fact, a ponzi scheme. It's really no different to ponzi cloud mining or HYIPs. But yeah, the OP had deleted all his posts as well, meaning that he's probabl just going to run with the ICO money. Investing in lending platforms is dumb, because even if you do make money it's still going to be tied up mostly in their investment plans, that you can't withdraw until a specified date. And it's mindblowing how people are still investing in these after the crash of bitconnect. |
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Hi all,
You can see, the bitcoin price is going down day by day. And now It is about 8k7.
Do you think It is the best time to buy or the price is still going down?
And Could you share your opinion about BTC in 2018?
For me : What Goes Down Must Come Up
And In 2018. The bitcoin price is about $50k
Thank you and have a nice day in a storm:))
The price may not be $50k in 2018. At this point, all the bullish optimism seems to be gone. But buying low is definitely a good strategy to follow, and since price has already dropped down below to around 40% of ATH, there is really nothing to lose by buying now. This also may not be the real bottom, but it is right now very close to the real bottom. We're already in 4 digits and the bottom is going to be in the high 4 digits as well. Never buy on a down trend. Best option is wait and see.
Right. The fall is huge and the volumes are not so high, so the decline may continue. While I am still optimistic in the long term (years), I fear we may enter another long "cypto winter" now and that there will be plenty of opportunities to buy at even lower prices. I agree with you. Crypto winter is very likely, but before that I foresee another pump or two. And without saying, after that "crypto winter", there will probably be another parabolic rise and all coins will get hyped again. |
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There is a lot of these sites that are selling mining hardware for bitcoin and altcoins. Most of them are scam, and 33bitcoin.com seems to be no exception here. I don't see a reason for them to refund your coins since it has been a month and clearly they have no interests in carrying out and honoring the actual transaction.
Hopefully you can learn from this experience, only buy from legitimate, reputable sellers instead of a random site you just found.
Make sure you also check the site against any previous accusations, since that could always be a good telltale sign of a scam that is still operating. You can search the bitcointalk forum with its name, if it's a scam usually there will be questions asked on service discussion/scam accusations.
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Before talking about the characteristics of bitcoin with others, my friend raised doubts that when trading on the trading platform, we should save the bitcoin to the address specified by the platform, that is to say, we handed the bitcoin to the trading platform in exchange for " At any time to the platform to mention the credit "commitment. But there have been several incidents in which platforms were stolen and bitcoin stolen, investors suffered. Moreover, due to the characteristics of bitcoin, the stolen currency has no traceability, that is to say it does not even know whether it is a trading platform to defend itself from theft. Is it ironic that a so-called decentralized currency relies heavily on the credit of the trading platform? This makes me feel embarrassed, I do not know how to accurately refute him, I hope you can express your opinion.
If anyone stores their bitcoins on an exchange and their bitcoins gets stolen because of the exchange getting hacked, or their account getting hacked, then it's obviously their problem. You could just store bitcoin in a wallet such as electrum and will probably never get your bitcoins stolen. Bitcoin itself is decentralized. But right now, trading bitcoin with fiat still relies on centralized platforms, aka exchanges. There are new decentralized exchanges popping up, though. Which could be a good sign. Also, the most decentralized way to trade bitcoin is to actually trade it with another person, without the intervention of a third party. That way, no third party holds your information. |
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If currency exchange is a prohibited transaction per their policy, then you can forget about a lawsuit. Suing them is not just about potentially winning or paying your lawyer's fees. It's also about potentially losing and paying PayPal's legal team's fees AND any reputational damages PayPal might demand.
And now that I know they have this arbitration clause, they basically closed every loophole for those wanting to sue them en masse. These corporate giants are protected by all those fine print you agreed with when you signed up. Just like banks and governments.
Exactly. As I've stated before - it's not just OP that is the sole paypal hater on this planet. People just absolutely love to hate on paypal, and it's for good reason in my opinion. They have high fees for transferring funds, BS rulings in terms of disputes, and when I called in the customer support I had to hold for around 20-30 minutes before I got a human being on the line talking to me. If there were ways to sue paypal, then people would have done so before you and reaped the rewards. But nobody to my knowledge has successfully done this on a consistent basis. There is just very litle chance that you'll win a case where you were the one that is breaking the terms and conditions of paypal... |
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If you're new to investing in cryptos, youre probably shitting your pants right now.
But heres the thing:
Market dips like this are nothing new. In fact, when veteran investors see dips like this one, which is due to yet another country regulating cryptos (and the exposing of Tether as the scam that everyone already knew it was), we get giddy with excitement...
Another chance to buy good coins for cheap!
You see, weve seen the market do worse. In the long run, when you look back on the charts spanning years, dips like this you wont even be able to find. And the truth is, regulation will be good long term because it legitimizes the market
Crypto is a very new market. New markets have tremendous volatility. The best way to lose money is to sell off during these dips. Holding on is the only profitable way through. Because in a few weeks, or a month or so, the market will come back and soar again. Blockchain isnt going anywhere.
So stick it out, research good coins to buy and buy them now. Youll be very happy you did.
Exactly. I think that the media misrepresentation of the recent news regarding the Korean and Indian "bans" have very profound impacts on bitcoin price. Of course there are other reasons why it crashed as well, since a correction was due anyways. Right now there is a ton of FUD floating around, like bitcoin being banned by every world government, bitcoin crashing by 80% etc. These may seem like reliable sources but in reality, they are biased and most likely won't be accurate whatsoever. This is a chance for any newbies to crypto to invest. The prices are low, and you won't regret buying at this price. There will be a rebound sooner or later back up to $10k+. |
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I'm kind of puzzled here as vast majority of topics and their replies here is about holding btc no matter what happens. We are well into the bear market but still speculation haven't changed at all from the bullish sentiment. Clearly this forum does not contain complete crosscut of bitcoin investors/traders as opinions are so optimistic and hardly anybody implies that they might be selling and trying to buy them back closer to the bottom where ever that is. I just wonder what it takes to change sentiment here to correspond better with the market's sentiment?
What I have seen in dotcom bubble and 2008 sub prime crisis is that the sentiment starts to change no sooner than we go to a full despair and nobody anymore believes in the markets and hardly any positive sayings are heard from people. Usually pessimistic argumentation kicks in quite fast once the bullish sentiment turns into a bearish one. More optimistic argumentation starts to show up again after some lag once reversal happens.
Where are all the people here who clearly bet or have been betting for bearish movement? Clearly there is more pressure to sell off than buy more as price is declining week after week. If people would follow prevalent consensus here there should be strong demand for the btc as now is the time to buy more or jump in if you missed the first huge pump.
Because if you have been into crypto for long enough, you will see that right now the price is oversold and once all this FUD clears up, the market will at least make one last push, even if it's all downhill from there. The forum is full of people who has that experience in trading cryptos. There are bears. And they do post. I'm sure if you looked at the first page of speculation you'll find at least one bear with his opinion. But of course the vast majority are bitcoin bulls. And it's for good reason, it's the bitcoin forum, and people here are naturally bullish about bitcoin, and it's because they know what it can bring in the long run. Hopefully you make your own informed decision though, and not just relying off others opinions. |
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still dropping.....whats the bottom?
it went
5x down in 2013 so ? 20k ---> 4K?
It could continue dropping. I'd still like to see whether or not bitcoin is able to go above $10k once again and stay there and stabilize. I'm betting on that happening. If not, then there is a high chance that we may go down to $7k and temporarily rest there. Markets are too volatile, though. So it's hard to say for sure. I'm leaning towards buying at the moment because of the fact that all cryptocoins are just absolutely cheap as hell. Even if you're doing a short term trade you could easily flip $8.7k per bitcoin into $10k per bitcoin. After the dumps, there will be pumps. |
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Transaction ID d4bd660d39471ba6e2883f303a83a8a346e449860e47bd8d9e5d37e8946146d2 Paid said money. After about 4 days transaction still stuck?  The thread of the hooli transaction accelerator is here: https://bitcointalk.org/index.php?topic=2717898.0, and the website is http://www.hooli1.net/. The OP of that thread already has negative trust for his shady accelerator behavior. Most free transaction accelerators apart from viabtc, antpool, are going to be scams. Especially the ones that advertise themselves on the forum. And this one seems no different. They don't seem to have anything to do with an actual pool that is accelerating transactions, but rather they are just at best a service that is copy pasting transaction into another free transaction accelerator. Never pay to use them. Plus this site used confirmtx's template as well. |
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WHAT IS CAUSING BITCOIN TO DROP?
AND NO IT'S NOT JUST FUD!!
Whales dumping, and also FUD is an undeniable part of the reason why bitcoin is dropping at the moment. It's because of the combination of chinese mining bans, facebook bans on crypto related ads, korea ban rumors, as well as now, India ban rumors that is making the situation what it is right now. Without these, bitcoin is still probably going to be thriving and more pumps would be flooding in at the moment. Usually when these sort of news initially gets released, the markets will respond by dumping and price will drop. When the sanity returns to the market, the price will recover to an acceptable level and potentially even get pumped. This has been the case time and time again. |
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