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2741  Bitcoin / Bitcoin Discussion / Re: Will bitcoin stay? What should we do... on: February 02, 2018, 07:33:24 AM


Bitcoin price has been fallen a lot since last 2 weeks. From $17,000 to $8,000 its about 50% fall within 2 weeks. Croyptocurrencies have higher movements and includes risk of losing. Trading is not a good idea with Croypto-Currencies if you have a tight budget. But for wallets you don't lose the coins. We have seen this kind of fall before too and market jumps up more than it falls.
The same thing might also happen its just confusing us by some rumors , I suggest to hold coins and wait to see what really happens.

Today's Rate: 1 BTC = $8590.09


Yes, bitcoin will stay. I have no idea why people think that this is the end of bitcoin just because the price is crashing at the moment.

First and foremost - crashes are going to happen sooner or later in crypto. There is no asset that can continue to go up without a break. Corrections, adjustments, and crashes, all have happened periodically within bitcoin. There is no big surprises here.

Now, I'm still holding my coins because I've learned a lesson from my past experiences selling bitcoin when everyone else was out of their seats selling as hard as they could. If you are selling when everyone else is screaming to sell, you are probably going to sell at a lower level than you want to. Don't panic. The rational decision to make is to hold, and even buy.
2742  Economy / Service Discussion / Re: SUN MINING- is it legit? on: February 02, 2018, 07:28:11 AM
does anyone know anything about sun mining? they say theyre a "green" mining org. that uses solar power to mine.

check out the website. people seem to think its a scam. looks like a ponzi scheme but who knows. even so, it can still be profitable. looks risky though.

what do you guys think?

Apparently AMD, Geforce, gigabyte and asus are all sun mining's partners. And this coming off the fact that none of them has significant or even any affiliation with crypto in the first place as corporations. Isn't it a bit dodgy that these big name companies would decide to pick a random mining site as their partner?

Take a look at their contracts, how come that the lowest contract will make you ROI in around 12 months, while its most expensive contract will make you ROI in just 3 months?

They say that they mine crypto with sustainable energy, which has already been done before. But what proof do they have that they are legitimately mining crypto and not running a scam/ponzi/pyramid? None whatsoever.
2743  Economy / Speculation / Re: India just BANNED Bitcoin? Will BTC now crash? on: February 02, 2018, 07:20:09 AM
India just BANNED Bitcoin? Will BTC now crash?

It seems like that the markets have responded very negatively to this news, and it is to be expected.

However, the thing of interest is that there is actually no evidence as of now that the government is actually banning bitcoin. It is most likely going to be something like regulation of bitcoin to ensure that bitcoin doesn't get used in the black markets and so on.

If bitcoin was banned from India, then surely Unocoin, one of the top Indian exchanges, would be down. But it isn't. And it even came out with an announcement saying that nothing has changed from their PoV since the government's speech.

This is a classic panic dump right now... Don't sell into this.
2744  Economy / Speculation / Re: Bitcoin could drop 80% due to possible tether fraud, experts say on: February 01, 2018, 09:49:11 AM
More and more doubts are being cast regarding Tether being actually backed by real dollars. If it turns out not to be the case, then bitcoin might crash hard, experts say: https://www.express.co.uk/finance/city/911293/Bitcoin-price-crash-cryptocurrency-tether-Bitfinex-dollars-market-investors-value-latest

I'd say that it's an exaggeration. First of all I still think that bitcoin will hang around $10k at least for the time being. And second of all even if bitcoin does break down back to $10k, it wouldn't be at $4k. That is way too low, and tether or not, will inspire a lot of people who are just waiting for the chance to buy cheap coins to get into the market while it is still cheap.

I think that the value per bitcoin should stay around $9k-$11k for the next month, or so.

$4k... If it does come, then that would be a heck of a price to buy at. Usually mainstream media is way too bearish on bitcoin, and it rarely turns out that way.
2745  Economy / Service Discussion / Re: **DO NOT USE BITGO !!! on: February 01, 2018, 09:30:34 AM
So basically you somehow f'd up your keys and forgot your password, and you expect them to believe you that you're not compromised. If I were Bitgo then I'd probably do the same as well, as in refusing to just open up your account like that.

Sending the original email to your email could work, but what if your email was compromised as well? Then what?

They would have stated clearly at the start of signup that you should keep all your info safe and have backups of them. Your case has no basis whatsoever and doesn't prove that they are a scam if the user did what they were supposed to do, which is keep their keys safe and their passwords safe.

Plus, them responding to you at all is doing a lot better than other exchanges/wallets which provide virtually no support.
2746  Economy / Scam Accusations / Re: Paypal Scam - Law suit against paypal - Paypal Mafia - Ebay trading on: February 01, 2018, 09:24:58 AM
https://www.paypal-community.com/t5/About-Settings/Selling-Bitcoin-is-Against-PayPal-Policy/td-p/1215793

^so apparently performing any sort of currency exchange is actually against the paypal's terms and conditions and using bitcoin is no exception. Paypal has never been bitcoin friendly in the past, anyways. This plus the fact that they seem to limit every account that touches the slightest of their terms and conditions, makes them one of the worst choices for crypto exchanges.

You could try filing a lawsuit, but it'll be costly and probably way more than $1k since you're battling a big company. Plus there has been plenty of cases in the past involving locked funds and suspended accounts, and paypal is still up and running. Doubt you'll do any damage tbh. Plus, they'll just claim that you violated their T&Cs. What would you say in that case?

I'm not saying that you're in the wrong, i hate paypal just as much as the next guy, but hey, you just gotta accept some things.
2747  Other / Meta / Re: My account has been hacked on: February 01, 2018, 09:15:00 AM
As far as I understand the ownership of my email account is not a proof of my account ownership on this forum and I never posted any of my bitcoin addresses on this forum.

The hacker changed my email address, so I can't change my password or login.

What was the point of sending me an email to lock my account? I locked it but I can't unlock it? What is going to happen to this account?

The procedure for recovering lost accounts requires you to have a valid signed message from an address that you have previously posted on this forum. I'm pretty sure that unless otherwise stated, this is your only chance of recovering your account, since it is the only definitive proof that you have previously owned the account.

Did you ever send a PM to another person with the address in it? If yes, then ask that person to dig out that old PM. That *could* be a valid proof that the address was owned by you as well.

I have no idea what the "locking" email is about, but did you already lock your account? What's your username? If it's locked then the features on forum I'm assuming shouldn't be available to the hacker.
2748  Other / Meta / Re: Request for an altcoin news subforum on: February 01, 2018, 08:53:51 AM
@moderators. I love reading, speculating and commenting about the news on everything in the cryptospace. But the altcoin subforum has become so full of low quality threads, and it has become so hard to discuss about important altcoin news events.

Can we have a press subforum for altcoins? Thank you.

You're just going to get a board that will still be flooded with low quality threads, probably by altcoin developers trying to promote their coin. Even if there were a new subforum called the press, people will just copy paste (biased) articles onto it, in an attempt to gain free publicity.

Will that be an improvement over altcoin discussions/announcements? Probably not if you think about it.

Hilairous has said this, and I agree: there are plenty of discussions going on in altcoin discussions, if you don't see a thread you can create a thread of the topic that you want to see opinions on. No point having a new subforum.
2749  Other / Meta / Re: Facebook ban on: February 01, 2018, 08:49:11 AM
It's no surprise that most of the ICOs listed on this forum are going to be just shitty projects in general, if not an outright scam. I remember when the e-coins were a trend at the time, there were hundreds of clones of the same coin being advertised and ANNs being put out every single week.

Facebook did ban crypto ads, and that has hit the bitcoin price pretty badly so it seems.

I agree with hilariousetc, I think that there should be at least a fee that ICOs pay to get their ANN listed on bitcointalk. Otherwise there is absolutely no restrictions to posting it. The problem with moderators filtering out scams is that they will be accused as biased, and there are simply too many to look through at the moment. A fee should reduce the amount of shitcoins advertising on forum by a large amount.
2750  Economy / Service Discussion / Re: Minergate cloud mining test (real numbers) on: February 01, 2018, 08:42:55 AM
No surprises here. At the current rate you are probably only going to make ROI after 500 days minimum, and that is probably not even going to happen since the bitcoin difficulty will continue to rise, and the price of bitcoin may go down during the duration of your investment.

This is a good test though, because it proves to the newbies that are investing in cloud mining how not worth it it really is. It can be profitable if bitcoin is going up like last year, but other than that you're probably not going to see profits.

You'd honestly be lucky to get ROI at all. I hope you do, at least. But the thing with cloud mining is that they will end your contract before you make your ROI, because your profits can't pay for the maintenance fees.
2751  Economy / Scam Accusations / Re: BitcoinMarshal not returning the loan on: January 31, 2018, 08:49:46 AM
Still waiting for any kind of response from BitcoinMarshal.

Bitcoinmarshal's response is above take a look and verify that.
I got less than what I had spent. I sent 0.025 btc + transaction fee but I got back only 0.025. I clarified earlier that I was not asking any interest but transaction fee on both ends should be covered.
Bitcoinmarshal should be refunding the full amount including the lender's tx fees. I think it's fair since the lender is not even asking for any interest on the loan but rather to just recoup what he spent on the situation.

But glad that the majority of the loan has been repaid, albeit being late many days. The tx fees is trivial compared to that.

BTW, wasn't the collateral bitcoinmarshal's account? Did you not take it as collateral the whole time, even though it was listed as the collateral for the loan?
2752  Economy / Exchanges / Re: Exchanges where I can store USD / Euro without being verified? on: January 31, 2018, 08:39:44 AM
Yes, so where can I store USD / Euro without being verified?


Basically every single exchange that accepts tether deposits and withdrawals. Obviously if you consider tether to be a valid form of USD anyways. But bitfinex does allow you to store USD with them without verification(they are heavily involved in tether, however).

Also, on kraken you are able to trade fiat currencies and store fiat currencies as long as you are tier 1 verified. And tier 1 pretty much is going to be just providing a name and a country, there isn't really that much substance involved.

Storing fiat on exchanges are definitely not the best way to do it. You're getting no interest, but still carrying the risk of the exchange collapsing.
2753  Economy / Speculation / Re: BTC could go down to $5,000 on: January 31, 2018, 08:35:46 AM
BTC could go down to $5,000. What do you think?

It could obviously go down to $5000 or less. Why couldn't it? Anything is possible. If the people continue to sell into the FUD, then there will be a much higher chance that the bitcoin price could completely collapse down to $5k within a few months.

Though I think even though it seems like it's going that way, in reality we're probably getting ready for a rebound very soon.

I know that it seems crazy to say that in such a bearish market, but the $10k support has been tested numerous times and never has it failed the investors. Even today's crash didn't bring bitcoin under $10k for long, and when it did, it recovered quickly.

So in reality, even though bitcoin could go down to $5k, I wouldn't bet on it happening this year.
2754  Economy / Speculation / Re: Apocalypse BTC! How low will it go? on: January 31, 2018, 07:52:16 AM
Well, as the title states:

Apocalypse BTC! How low will it go?


Write out your logic on if/what/low or not you think BTC will go ..and then bounce back...or not....

take the poll

thanks

brad


I still think that as long as this current bearish market continues, there is going to be a few days that you'll see 4 digit bitcoin prices. The lowest I can foresee happening is $8000-9000, but that has very little chance of happening next month.

Even if it does happen, it'll most likely rebound and get up to $10k again.

As pooya87 said, I too expect $10k to hold strong for now. 5 digit bitcoin is an emotional barrier for traders and a lot of people that are long with bitcoin will not allow bitcoin to crash down under that, they are just buying up all the cheap bitcoins when they are available at 4 digits.

It has been a rollercoaster ride so far, it'll be interesting to see where BTC goes next.
2755  Economy / Service Discussion / Re: Escrow service on: January 31, 2018, 07:40:53 AM
Hi,

I'm new to Bitcoin trading. I was wondering if anyone knows if www.safecoinescrow.biz is legit or a scam.

Thank you.

Did someone that you were trading with tell you to go on this site to complete your deal?

If that is true, then the guy you were dealing with was running this escrow scam. Basically he'll request escrow, and recommend this particular escrow which is probably run by himself or one of his buddies, and once you deposit bitcoins into that site, you'll get scammed.

The legitimacy of the site is 100% scam. No questions about it. The design is poor and there's only like 4 pages in total on the site.

If you want legit escrow, use one of the on-forum ones, there are lists of them in services.
2756  Economy / Speculation / Re: Again, price breaks below $11,000, is it ready to dip nelow $10K? on: January 31, 2018, 06:58:02 AM
As you can see the whole market is just so calm, somehow, BTC still breaks below $11K, is this the sign for further loses and a dip below 10K?

Here is an original analysis from a Chinese analyst Kuang Ren, look what he says about BTC:

The downtrend that we refuse to accept is obvious on weekly chart, price has been moving back to the MA 7 in the past 2 weeks without expanding volumes, indicating that weak movement will continue. Therefore, when that specific moment comes, price still holds a chance to experience further loses. Here is my advice: DO NOT get aggressive before price moves back and effectively remains above MA 7, no matter how price moves, all you need is to wait and see.

Original by Kuang Ren, translated by AICoin Jami.

You can track the price information and latest news from Chinese market here: www.aicoin.com
It definitely did go under $10000 this time, but as expected, it was a panic dump, and right now we've recovered around $400 in an hour or two back up to a level that is comfortably over $10k again. Support is still strong at $10k if you ask me.

Seems like there are still bad news coming out for bitcoin, which is currently stopping the rise of bitcoin. We saw price rise to over $12k earlier in the week.

I think we'll be seeing that soon once again. We just need some time for bitcoin to settle down and get to $11k, and establish the floor there. And when the stream of bad news stops, there will be no question that the price will start hiking again.
2757  Economy / Scam Accusations / Re: Yobit.net scam XVG!! on: January 31, 2018, 06:29:48 AM
I have deposit in yobit.net and i recevice nothing what happen to yobit.net wallet in transation txid it done but in yobit.net it still nothing i ask support and i still waiting for a long time
My address XVG is DRHZhjRXpibfvqAXBNuvbAaHer6h5ifKYm
And my transation is
6a547243a63b05c2a8381cddd34db514a1f602abce948d61efc761ba72f6d4d0
Now yobit.net is scam right ?

Don't think that the support wil respond any time soon. The transaction that you've listed here clearly has got enough confirmations and it has been sent to yobit. If you can confirm that you've sent to the right address, then it's definitely yobit's fault for not crediting your wallet.

As of right now, all you can do is to wait for a response from one of the support members.

It could take a while, so be patient. Next time if you are trying to exchange, please don't use yobit. Just so many things that is wrong with them, and the risk just isn't worth it. Verge is listed on plenty of exchanges.
2758  Economy / Speculation / Re: What will be the bottom(for you)? on: January 31, 2018, 06:18:20 AM
with bitcoin price falling I sometimes ask myself; when is enough?
What do you guys think will be the bottom before it goes back up?
And what would be your bottom? 9k? 8k? 7k?


It should be around $9k at the worst. Perhaps the price would go down to $8k for the short term and then rebound back up to $10k right now. I still see $10k as a floor, and it'll be hard to break it completely. Of course it is possible, but not likely.

I'd say that instead of trying to time your bottom perfectly, probably just start buying now bit by bit.

Bottoms are impossible to predict since you never know how much FUD and panic is going to be there. But it'll be easy to predict the rebound that comes after the bottom. And we're already down 50% in like 1 month, it'll be hard to go down more in the short term.
2759  Economy / Speculation / Re: Will you buy Bitcoin when it drops to 100$-1k? on: January 31, 2018, 06:12:20 AM
When tether will crash - and all will know that it was made to make bilions of USD out of thin air, Vinkelos brothers are already selling all their btcs.

Bitcoin will drop non stop - all countries will ban it - price will drop to like 100$ all will say it was a scam etc...


Will you still buy BTC? We all know BTC price went to 20k only because of Tether print, bots + Hype. When all these things will be gone - will you still buy?


I am thinking about it, will it be worth a gamble? or will it be better to go for ETH/NEO when all coins drop 90%?


Imho if it does come true - I would put some money that I could lose/made already on BTC and buy Neo/ETH/BTC - 33/33/33%


Tether crash will come - but it is now manipulated. All know that they dont have billions of USD to back up the Tethers - but now they are making Tons of money on it - and they pay to right people to not make panic but it will be same like with Ratings in 2008 - it will eventually crash

It will be same like with Dotcom - now I am looking for new FB, Amazon, Google


Bitcoin is like communism - it is perfect economic asset, new money, future like communism as perfect system (all have enough money, all are happy, no greed, no power no jelousy) - but people make it bad, corruption, frauds, greed.

Right now BTC is like bad democracy - you can vote (with your money) but it is nothing compared to whales money - you can dream that you have control but you never had.


Perfect money system without banks is a dream - but it won't ever happen - people that said they are for BTC for life - abandoned it in seconds over tether, pennycoins other junk.


Now its time to wait which company makes best out of Blockchain. Until Tether exist, no fiat vs all crypto - cryptos has no future. GL to all

Yes I would still buy.

I don't care about the tether stuff, governmentsn banning t and all that. I still see it as an asset that can hold the value of my investments long term. At the end of the day, whether or not the price is high right now doesn't really matter if you're going to be a holder.

I know it's going to be different for short term buyers, but the price is likely going to rebound back up to $10k very soon and we're seeing price stick around that level. And who knows, if you're really into the short term pricing then perhaps there will be something else just like tether soon, even if it does have an impact on bitcoin's price. But as I said, since I'm a long term investor, I don't really care about all this. All I want to do is to get my coins at the cheapest price possible.
2760  Economy / Exchanges / Re: what is the best exchange trading i can trade with on: January 29, 2018, 09:24:21 AM
[ironic mode = ON] I suggest you, C-CEX.com very professional team [ironic mode = OFF]
thanks i'll check, but do you try it, withdrew is ok?
He was being sarcastic in other words he was joking. Use C-Cex at your own risk, read more about them in scam accusations, just use the search bar and type any exchange's name, you'd find what all scammy shit they have done.
You want to deposit fiat and buy bitcoin, use localbitcoins.com , they are the best when it comes to security of funds when you buy fiat, then you transfer your bitcoin to any other exchange and trade or whatever, and for selling you do the exact opposite. If the fee is high don't get disappointed, it's worth for what you're getting.
Thanks a lot for this information.
I hope your advice people as i am new.

I'm a big fan of localbitcoins as well.

Since you want to deal with fiat as well, I would say localbitcoins is one of the best. Even though they're not actually processing the fiat withdrawals itself, it is often much safer to deal on localbitcoins because localbitcoins is simply a third party acting as escrow. Sites can have problems with withdrawals all the time, and it may delay your withdrawal as a result. You'll have near instant exchanges on localbitcoins, and bitcoin withdrawal fees are only 0.00015 BTC right now.

Best of all, support is the best i've seen on any exchange platform.

I'd recommend it to you without a doubt.
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