I have bitcoin in bitbox exchange but it was fake. Can't able to send or withdraw from it. Dont use that
That's really unfortunate, man. Site is down so there is no recourse for you now, unfortunately. Perhaps you could contact wix to see if you could find any info on the owner of the site, but I doubt it would turn into anything useful. Sad to see phishing attacks scam anyone, and hope that you didn't lose too much money out of this. You do need to be extremely careful because phishing/fake exchanges, wallets (there are plenty of coinbase phishing sites), or even bitcoin mixers are just so prevalent nowadays. Got to check the URL carefully all the time, and as others mentioned, use bookmarks where possible. |
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Hello All, I send to Yobit.net an e-mail on Yobit.net Support tab but there is no answer months and months passed. The post was that: Dears,
I confirmed 0.20552147 ETH at 2018-05-09 23:11:34 to my new Yobit account but unfortunately I has not been completed even
https://etherscan.io/address/0x0b7c77e1a303ff82798e12f6dfa33660433c7792 says it completed. It has been 7 days and I can not see my ETH transfered. Please check the issue? When I click to withdrawal appearing a popup and written there this number.
0xfa1f658e83d69b7015e43c360fef10b422ff51a1dbac3f658f99d0f2e3b55a7a
Regards.Yobit does not completed this transfer even I sent a post them. Please help me to contact them to solve it. Thanks for helping. You just have to keep messaging them and their shitty support team. Other than that there is nothing else you can do - you chose to use yobit voluntarily, which has been known to have extremely bad customer support in general as well as tons of issues with their automated deposits and withdrawals. Check that whether or not you've accidentally withdrew to the wrong wallet or address, like to the ETC wallet or something like that. I don't think this is a likely thing, though. If you did however, then the chances of you getting your funds are slim. If not, again, keep on opening new tickets, and just be patient. All you can do at the moment, as yobit is unregulated and extremely shady. |
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The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Falling Rial, New Policy Spur Iran Bitcoin Bull Market The price of BTC in Iran rose sharply on Wednesday after the government of President Hassan Rouhani approved plans to mainstream bitcoin mining – and as the local currency nosedived. BTC hit a world record $24,000 on the Iranian exchange EXIR, eclipsing its previous high of $20,000, as investors piled into the digital currency in search of a safe haven against the falling rial. EXIR tweeted that “bitcoin bull markets already started in Iran as rial price goes down against USD.” The rial is trading at around 138,000 against the US dollar on the streets of Tehran, according to a Reuters report, about 230 percent above the official rate of around 42,000. See more - https://news.bitcoin.com/bitcoin-hits-24000-in-iran-after-government-okays-mining/I'd say that most of this is still caused by the fact that there is a huge demand for foreign currency, and the local currency itself is quite illiquid. I'm not familiar with the currency of Iran, but I'm definitely assuming that there are some sort of capital control involved. Otherwise, the prices would not be so artificially high. Essentially, what this price is suggesting to us is that Iranians are now using bitcoin as a tool to get their wealth out of the country's fiat currency, or even just buying bitcoin itself to store their wealth most likely because of their dwindling trust in the government's fiat. Would be interesting to see how many real adopters there are, though. |
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In this exchange you can have om the order book very convenient prices, usually on the bch btc pair....
they stay there also for 10 minutes,
as soon as you try to buy, that order disappeares. This goes farther than the bot trading of other exchanges. This is a joke, is ridiculous.
It's a Chinese exchange, which is the first warning sign because China has essentially banished all of its domestic exchanges internationally. This means that you don't know where this exchange is located and who they are regulated by, which poses huge risks in terms of you not being able to hold them responsible for their actions, at least legally as a last resort. Anyways, it does seem weird that orders are disappearing before you actually can execute it. I don't think that it can be explained by anything other than the fact that there is some sort of inside system measure. Trying to do arbitrage on this site is completely pointless, you are putting your funds at huge risks just by storing it with them. I'd withdraw them asap. |
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In the last few days, I looked at the exchange rate and saw an increase in USD in any currency so that some countries experienced inflation and crisis. I don't understand why USD can rise so high? Does this also affect the decline in the crypto market?  USD going strong does not mean inflation. Inflation is something internal to an economy, and essentially means a rise in prices due to the debasement of currency or easy credit. However, USD rising in relation to that particular currency doesn't necessarily mean that prices in that country is all of a sudden going to soar. Only imports from the US will increase in price, and that is only a small proportion of the goods on the market. Nor does it mean "crisis", unless you're the one actively trading USD and holding a long position on it, because some countries actually actively devaluing their currency to be more competitive. |
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We knows that the crypto currency investment can give us lot of profits even in short time but this is very new there are lot of invesments like real estate,gold,mutual funds silent partner in businesses and lot more but what you think which has highest ROI in short term other than crypto invesments.
My opinion is that real estate can be that one,since my grandfather used to be like buying and selling the lands and made tons of money in his life time but I didn't do that such kind of traditional invetment.
Every single high risk investment has the potential to be a high ROI investment as well. Note the "has the potential" part. This includes everything from trading derivatives, buying real estate, investing in stocks, and investing in real estate. All of these are traditional investments which have the capability of producing high returns, however, can also have so much risk that you may just lose everything you've got in it, or potentially even more. I still think that the crypto sector, especially bitcoin, is going to be the best performing investment overall in the next decade. Markets have matured a lot and adopters and institutional investors are flooding in on a daily basis. With that kind of demand increase and supply not increasing, it would be surprising to see anything else outpace the growth of good cryptos like BTC. |
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It's really unfortunate to see this happen because I used them as almost a complete exchange, and used them whenever possible. Guess that since they are requiring verification now, I'm just going to have to find another service similar to theirs. Or, potentially, I'll have to just settle for an exchange like Binance or something along the lines of that. Franky1 makes an interesting point. Perhaps it is their own business interests that led to this having to be done (tokenisation and financialising customer relations), or perhaps it's just something that was inevitable legally. Either way, they're going to see a huge drop off in customers. |
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I have an unverified account with money inside (not much but it's mine not theirs). I came back from holidays and wanted to start trading, so i logged in in order to get verified, though they never gave us a specific date, so we can withdraw or not if we dont want to get verified. I keep trying verifying for a whole week with high quality photos of formal ids (either driver's license or id), and i keep getting rejected by their system. I asked support for help since i ve reached the max number of verifications tries, however it is slow and they keep replying me with non-sense responses(they suggested me to upload my driver's license, since it was more new and of better quality than my id, and after i did that the same hour they rejected me). Furthermore, today is the 2nd time i ve reached maximum number of verification tries.
I ve written them that since its not my fault that i m not getting verified and i was willing to get verified, i demand as a customer to delete my account and return my balance and they deny it, with a reply that they cant give me my money back unless i get verified.
Question 1: Should i worry?
Question 2: Do any of you had the same problem?
Question 3: Should i contact a lawyer?
I dont really know what to do and i me nearly out of options and will ...Anyway after this awful experience, in which the fault is not mine , i m thinking seriously to get verified(lol if i am able to do it) and then delete my account since this is at least unacceptable.
Obviously you should be worried, because your funds are stuck on this exchange. To answer your questions, it's definitely not the first time that someone has had trouble with poloniex in terms of verifying their account, as well as the support not responding to their requests. It's basically why half the users that previously used Poloniex stopped using it. I have no idea why this process is taking so long and your ID is constantly getting rejected. The only thing you can do at the moment is to keep contacting support through the support ticket system, and ask them to manually verify you. Just keep on trying to do that. |
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As we all know that bitcoin now are being made as a trading pairs to different fiat money all over the world. And we you go round the world having a good vacation on different countries you do not need to bring more fiat or physical money instead bringing gadgets and connecting to internet is enough to get fiat money after it will be traded to local exchange. In this way there is no need for one to bring more physical money as bitcoin could unify all fiat money around the world as trading pairs.
It's definitely an interesting thought, it's something that I've thought about in the past as well. What if I could just carry a USB stick with my bitcoin wallet instead of cash or even credit cards when travelling around the world? I think that it's already possible, given that you are willing to convert your BTC to local currency at each of the countries you visit. That's a tiresome process, but it can be done through platforms like Localbitcoins quite easily. Though, in the future, we may see bitcoin being accepted directly instead of indirectly through having to convert it to fiat first due to the rise in merchant numbers. Even then, however, I wouldn't call it a "unified currency for all fiat currency". It's just an accepted global currency at that point. |
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Some intriguing points against ETF that I think everyone needs to know about.
Is it great news though? Probably not really. It's certainly not bad news like a lot of media is trying to make it seem like. ETFs have nothing to do with the bitcoin blockchain, and its importance is really been a result of hype rather than reason. You're spot on with the first point, big investment banks are whats going to be benefited by ETFs, not us.
There are actually still plenty of people who care about the upcoming September ETF decisions, which I think is just worth completely ignoring at this point. Not only is there minimal chance that they'll actually be approved, even if they do, they will not help any bitcoin user with their on chain transactions one single bit.
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Hello All, I have a question. If I want to use bitcoin as practical or daily currency then what should I do? Is American express or VISA offer such kind of opportunity so far? I am very excited to read something special here: https://reliable.cash/t/can-you-use-bitcoin-as-a-practical-currency/33Specially these are amazing to me: There are many reasons for bitcoin to be not used as a practical currency. Some are listed here. - Some users lack the infrastructure required to use bitcoin
Some users lack the knowledge required to use bitcoin
It will not be a good solution for day to day purchase
It takes time to process a transaction that is why it is not practical at all
Not many stores accept bitcoin as a payment either online or offline
Stability in pricing
Strong network infrastructure required for its payment to process
Now I want to purchase my Pizza using Bitcoin  What do you think brothers? You can use bitcoin as a practical currency, because it is one and people accept it to be one. That is not the debate. I mean, just go to any online store that accepts cryptos and buy something. Bitcoin is fulfilling its role as a practical currency right there, on the base level. You are using it as a medium of exchange across the internet. I think that what you mean by "practical currency" is really "real life adoption and use", which is definitely low right now. However, as more merchants enter the market, this could change. With time, I think we could see the possibility of seeing major retailers accepting bitcoin worldwide, if not smaller ones as well. |
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Is it really surprising though? I reckon that it's completely expected.
These projects are essentially made for the sole purpose of raising money. Once they've done that, most of the ICOs will just end their development or just stall with no progress being made. After all, most projects on the market right now have no purpose whatsoever and are just repeating ideas that were being done by others in the past.
They know fully that they don't care about the success of their project, even though they claimed to do so when they pitched their idea. Also, don't forget that they have no responsibilities for investors, unlike a security, because a token is only something used on their network, not a share in their company. That's why everyone needs to be careful when investing in these, or just avoid them altogether.
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I don't really think that this is enough proof to call them a scam just yet.
Even though it seems extremely likely that they are at this point, the source link which you matched with the profile picture which they used both have the same name, Glen Madis. However, since the exact same photo is being used, it's not at all unlikely that they just ripped off the entire profile of someone random that they found either. The person is real, the name matches up - we just don't know whether they're part of the team or not.
I'd say that it's not enough proof either way. If the team could respond here with proof that these people are actually a part of the team, then that will most likely help their case. For now, I wouldn't recommend anyone investing in their pre-sale which started at the start of the month.
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The head of the Philippines’ Securities and Exchange Commission (SEC) is targeting draft rules for domestic cryptocurrency exchanges within weeks ahead of finalizing regulations later this year. Cryptocurrency exchanges in the Philippines could soon operate as regulated trading platforms as authorities proactively seek to both protect investors and enable an inclusive ecosystem for cryptocurrencies to flourish in the country. In quotes reported by BusinessWorld, SEC commissioner Ephyro Luis B.Amatong stated: “We will put out a draft rule for the virtual currency exchanges, hopefully within the first half of September.” See more - https://www.ccn.com/philippines-prepares-to-regulate-cryptocurrency-exchanges-as-trading-platforms/This is sort of becoming a universal trend with the mass regulation of services and businesses relating to bitcoin worldwide. So long as this does not turn into some sort of draconian restriction on people's ability to buy and sell coins on exchanges, but rather, an effort in trying to protect all parties involved in trading activity like this, this should be a positive move overall. These regulations will lead to a more mature market, which will lead to institutional investors being more interested within the market (whether for good or for bad). |
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Hell no. ETFs are only financial instruments which are beneficial to institutional investors and the like.
In no way shape or form are they of any use to the average Joe using bitcoin. The only effect would be the hype created by an approval (which seems extremely unlikely at this stage with SEC continuously rejecting and delaying decisions) which could potentially push prices up in the short term.
There is no long term future to speak of in bitcoin that is held in bitcoin ETFs, that is just stuff made up by media. The SEC is making a judgment on a financial product, not bitcoin itself, remember that.
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We already know a bunch of reasons why bitcoin is extremely beneficial to people who choose to use it, much more so compared to the traditional fiat banking system and the services that come with it, like Paypal.
Just like you mentioned, stolen credit cards in transactions as well as chargebacks all pose a significant risk to the seller, because of the irreversibility of the transactions in those cases when dealing with fiat banking institutions. With bitcoin, there is no such risk as everything is irreversible.
Even though we know these advantages, we can't just push adoption overnight. It's a process that takes time, and there is really nothing we can do now to speed it up. You could definitely promote the use of bitcoin on your own business at the checkout, though.
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To date, the economic situation in many countries is in critical condition. Can the next financial and economic crisis be a transition to global use of crypto currency in international settlements?
It could. We've seen previously in difficult financial times that people revert to storing their wealth in gold and silver. With bitcoin somewhat mainstream now, or at least being known internationally to some degree, I think that it will take over a lot of the roles which precious metals used to play in terms of being a store of value within economic crises. And when people have a dysfunctional fiat currency, they will obviously seek an alternative, which I think will force a lot of people into looking at bitcoin as a viable one. After the crisis though, it's debatable that they wall continue to use bitcoin, even though adoption technically has increased. |
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There are a common question every where .........
What is future of bitcoin? what is future of bitcoin?
I am following bitcoin since 2016 but till now i do not understand its nature.I have few questions to community.
Do you currently hold Bitcoin and are wondering what’s going to happen its price in the near future, what is the Bitcoin price prediction 2019? Or whether it’s a good investment or not over the long term?
I have some confusion about bitcoin.
Whats your opinion?Hope i will get a correct solution from community.
We could see the markets turn in 2019 due to the anticipation of the halving in the year after that, and the bear market coming to an end or at least, nearing to an end. I'd say that it's likely markets will bottom at some point in the second half of this year, or in early next year. Obviously, no one can tell for certain, but that's probably the most likely thing to happen just based on what has happened previously within bear markets. Don't think that all of a sudden markets are going to turn to 2017 levels of bullishness, because that's absurd and probably won't return. But general sentiment should reverse. That's why I think accumulation is the best strategy at this point, with prices this low. We're already nearing recovery. |
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Last week, former Indian finance minister P.Chidambaram said "not a single economist worldwide has approved the demonetization in India 2016
On November 08, 2016, Indian Prime minister made a sudden announcement that Rs 500 and Rs 1000 currency notes will be invalid from November 09, 2016. The Indian government plan was to destroy all black money/unpaid taxes hidden by Indians in cash in the form of Rs 500 and Rs 1000 notes.
Indian people were given time till November 23, 2016 to exchange the old currency notes at all the banks in India. So there were long queues outside Banks for depositing money and also withdrawing money. I was in the queue at the bank for 2 hours and 30 minutes.
Later Indian Congress leader 'Rahul Gandhi" said "91 people had died in queues outside banks and ATMs" which was the result of sudden announcement by PM Narendra Modi.
Prime Minister "Narendra Modi" is very proud of his actions
Banning two notes in existing circulation does nothing to stop money laundering. Sure, you could give some trouble to them, but the launderers are going to continue to work, even without all of the cash in circulation. I think that it's quite a ill-advised decision that they did this still. It posed no real benefits, while inconveniencing pretty much everyone in India that held these notes. There were even fatal instances of withdrawing money, it seems. Again, it was a rash decision that wasn't thought out carefully. If you're going to do this, at least do it in a way that does not result in such high demands on the banks. |
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I really doubt that institutional investors are the reason that bitcoin is relatively dormant and stable right now.
The fact is that we are currently well into a bear market, which means that prices are less subject to change, and in the rare occasion that a big swing in price comes, it will be downwards. It's got nothing to do with whether or not there are institutional investors from Wall Street coming in.
And it's important to note that even though these firms are indeed entering the bitcoin trading scene, a lot of what you see on the news are actually them "planning" on doing it, instead of actually full-scale trading and investing in bitcoin. That's a huge distinction to make.
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