Surely, they have been effectively stopped doing business with them as the domain name and servers of BTC-E were taken away.
However if BTC-E was supposedly involved in some heavy money laundering, I don't see how YandexMoney or QIWI were not, as they provided this crypto exchange with the main fiat gateway. $QIWI and $YNDX have an institutional base of US investors, so that FINCEN decided not to mention them at all...
Therefore the allegation against BTC-E is total bs. The US agency caught a guy with some questionable past and try to paint the whole international customer base of this exchange (crypto traders) as criminals. It is just a "hit piece" as they call it, or a disgusting political propaganda, nothing more.
The issue of bias does not matter here in that when government wants to go after an individual they wont care whether they are allowing another criminal run and wont even care the people that would be hurt in the process as in the case of BTC-e and even the excuse of verification is a bogus one because the funds kept there is under adequate records and asking for records means something fishy in which I see as another quest to get some more people especially those with large funds on the exchange by the time they come out and disclose their identity. The fact still remains that even all the popular exchange sites, the best is not to at any point in time keep too much funds there.
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You can use this form to escalate your support ticket: https://[Suspicious link removed]/forms/2VolutBY6HBGJRRA3
Thanks, but I do not need to scale the ticket. Since I was told they can not do anything about it. It leaves a lot to be desired for Kraken support. So, just lose $ 8,000 I called my bank to communicate with the Bank of Japan. I hope they can do something, everything depends on my bank and it should not be like this ... If my bank does not do something, I will lose my money. I do not recommend Kraken to anyone. Your bank will be the one to do this even, me too I made a transfer left my account but did not arrive at the destination you dont go to the receiver to complain since you trust them to always be truthful when they tell you. I did this and the money was reversed within 24 hours because they are the one who will know whether it delivers there or to another account but the onus is your bank. I hope its not too late and do well to update in case you get it resolved.
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Its unfortunate that unscrupulous individuals will have to exploit situations like this and that's one needs to ensure he double checks whatever site he is visiting at any point in time. I expected the administrator of bitmixer,io to have stayed longer so as to keep the thread of stopping business live for a larger coverage in other to prevent situations like this but at the same time, you are responsible for yourself and the responsibility is on you to check and check again. what is a good service to use now when this one no longer exists?
A click on my signature will give you a safe and wonderful mixing experience.
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After reading the thread and your responses so far, I am convinced that you are more professional in how you handle matters and even with the last review the user gave up there, it shows you are willing to help and I will equally offer some more advises,
1. Why not carry out an extensive research to understand the countries where this work perfectly so you include it your Op?
2. You also need to put a disclaimer as well concerning how you will guarantee them as well as the model of phone that goes along with your configuration and any deviation from that will result in extra costs on the part.
3. Is there a way you can make this legit or get from the supplier at a reduced price and sell the pre-paid one at a discount for heavy users of internet because with $100 I can get data that will sustain me for 2 years.
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At this point, I think the will of the people have been supported even though I think Coinbase does not have any responsiblity but we are way past that now and the next is what I will refer to as Zero sum game where the outcome on January 1st will be at Coinbase disadvantage for caving in the first place because if the price of BCH should increase more than what it was as at 1st of August, then they will be paying more and if the value has gone down, I am sure they will be paying as well for delaying up to that length before crediting their customers.
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What made Bitcoin so successful? How couldn't altcoins like defeat it at the early stages? Is it because of the overwhelming support of the community that made bitcoin what it is today?
What made it what it is today in my opinion is the calibre of people who stood strong and the lose faith in bitcoin even in the face of pressure or any any discouragement to abandon, they stood still and be their faith in which there were able to spread to several members who bought into the dream and its what it is today. A lot of people have left, while some are still standing and for the reason why you and I are still here, we have contributed our own or still contributing to what its going to be of bitcoin tomorrow.
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It's really that time is money, if you buy delayed, you will lose.
you do realize that it is already late and you have missed the cheap coins of this month. i am not saying price will go down or stop rising, no. quite the opposite. price will go much higher, but i hate it when people do this, when price is already high they start thinking about buying bitcoin and when it is in a dip and low (like the $1800 a couple of weeks ago) they all stay away scared! $1800 was the time to buy and laugh at those who were selling. and $3400 is the time to hold and enjoy the rise and again laugh at those who sold at the bottom. <insert evil laughter here> The bolded part is not true at all because its never to late to buy because you dont buy bitcoin with bitcoin but with Fiat which means several amount of money are coming into bitcoin with lot of funds both new comers and existing members who will even be few considering majority will just seat back and watch the value increases. In short those coming in means they can afford it and even if the price to increase to $5000 people will still buy and the moment its too late to buy, thats the beginning of the end of bitcoin.
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I don't think that blindly buying the dips is the best idea you can have.
The issue with buying dips as soon as they appear is that you never know how it is going to go. Obviously in the long run bitcoin is likely just going to keep going up, but since speculation is a short term thing rather than a long term thing, it's not going to work.
What i would do is wait till everyone is just full on talking smack about bitcoin, saying that it's no use, it's a ponzi and whatever else. That's probably the lowest you can get in a dip, things can't really go any worse from that point on.
I'm by no means saying that buying dips as they appear is bad. It is infinitely better than buying when everyone is hyping about something, it's just not the best. It's probably best to analyse the whole picture before acting.
The point at which decision is to be made as to buying or not is what differentiates who will make more profit and who will lose. The market is there and the swings is expected but for a newbie he/ she will have difficulty being ruled by emotions without understanding the reason why there is an increase in price or dip in price. As a golden rule for me, buy only when you can afford to lose irrespective of the direction and sell when you are comfortable with the price at the time and not because of the uncertainty or panics.
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What would it take?
Does the volatility settle if certain amount of merchants accept payments in crypto? Or should there be more people that would get paid in crypto? OR should there be a cryptoeconomy where people and businesses get income in crypto and spent the crypto?
Furthermore, could the volatility be even solved? I mean of more and more people are getting into Bitcoin, when would such demand cycle cool down?
I would like to know the economics behind it.
This would be depend on the bitcoin users, Because we all know here there are users buying bitcoin to have a source of income and some are for investment assets in a long term then once it reach the peak amount of value they will sell it. And because of that things the volatility has become change it can be in a minutes, an hour, day, or weeks something like that. Relying on individuals using bitcoin to achieve stability will take forever without even achieving it be ahse humans will always trade for profit to the extent of even trading currencies through the Forex market but those currencies to a large extent enjoys some level of stability but they still trade with it to achieve more profit not to talk of bitcoin whose volatility cannot be predicted. So, stability for now is not achievable.
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Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?
I would say they are both problems and at the same time comes with its own prospect depending on which one you decide to see and make decision after all when the speculations goes right or wrong, it affects everybody rather than only the one who speculate but the problem I see there is that it keeps putting bitcoin in the category of emerging currency which big organisation that would change the fortune of the technology less interested in it's adoption.
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Even though government by default always want to be in control if everything to the point of what we are thinking, I am not sure they are terrified about bitcoin because over here, its what you know and understands that can terrify you bhf it seems the enforcement agencies to know or what to talk about bitcoin which therefore .sans, how will they be scared of what they don't know?
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Like several people have agreed, the only similarity I see for now is just the B present in both and the fact that one is an off shoot of the other. And even the most popular characteristics which is price, they are both walking in two extreme directions which makes them unrelated. Whether in the future, their path might aligned and we can then say they share some similarity but for now, I would wait on the future.
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We are all expressing optimism which I feel its nice for this kind of investment coming from mother Russia but without taking cognisance of the reaction of the Russian government in relation to crypto and especially bitcoin in which they have made it clear they are not favorable to any form of anonymity and more so, a project as massive as this will definitely attract the attention of government.
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The only relationship I see in the fact that they are both digital in that most people who hold dont have the physical coin in the case of bitcoin and the raw gold kept at home in the case of gold aside that, I dont see any relationship. I dont trade in Gold neither do I know anyone who does and equally in bitcoin. They have their two independent consumers or clients and any relationship in the price of the two is function of coincidence.
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The advantage that increase in bitcoin price offers based on my point of view is that it shows it reacts to the general feeling of the community and the outcome has been predicted by many which even negate the belief in some quarters that bitcoin is a ponzi scheme or a bublble rising without any reason. Another advantage that I also see is the compensation for those who held strong even in the face of uncertainty during the time of crash where several people have lost their faith.
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At the rate at which governments are printing money, there should not be a problem buying any derivative and even bitcoins. People will just buy smaller quantities as the price goes up. A full bitcoin might be beyond the reach of millions of people now, but in some years from now, owning a single Satoshi might be a big accomplishment.
We might even see Satoshi's being subdivided into smaller units, who knows. ^smile^
There is actually a possibility to this happening because at the current price quite a number of people cannot afford to own a bitcoin no because its too expensive but because the money is too much for quite a number of people can afford to lose considering the disclaimer in which one by default must accept to before entering or parting away with money to pursue bitcoin. Eventually when this happen the early entrants will continue to live fat while the ones scrabbling for the satoshis will continue to do that.
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Even though I really yet to understand the effect of this in bitcoin with the series of conflicting views, I would really appreciate it more if it can put a rest to his issue of scaling or no scaling, and also on the release about the continuance increase in fees that would still be witnessed despite all this by the lightening developer. If all this won't happen, then I am not surprised neither am I happy about since the status quo will remain the same.
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I will say that bitcoin is already improving the country's economy but the effect is still not felt due to the number of people involved in particular compared to the entire population that have not done otherwise. For example everyone involved one way or the other have been able to meet their needs and even help family and friends through their earnings that bitcoin made possible and this has improve their financial status at the minimum and as part of a country the economy their immediate family has increased because of that which can then be said to affect the state as well.
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At any airport around the world it's quite normal that if you are departing or entering a country with more than $10k currency, you have to declare it.
Do peeps declare their cryptocurrency when they are travelling? All these peeps walking around with over $10k in cryptocurrency on a physical hard wallet or a soft wallet on their computers are leaving/entering the country with currency. Wonder what would happen if they didn't declare it and were found out...
In the past it would not be necessary because to my understanding, it would mean because the law does not acknowledge it, it does not exist but in about some weeks ago, there was a proposed law by the US law makers to make it mandatory to disclose. If it pass, then there is a mandatory obligation to disclose such information and even at the embassy. A quick check on the law makes it so which has been interpreted to make the environment more hostile to the users of crypto-currency.
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Having read the news, I must say I am saddened by if it eventually comes to play because it would all the controvery about August 1 that was expected to solve among other issues concerning fee reduction will be a total waste of time and we will be back to where we started from. I am sure the discussion will still get heated in the coming days but hopefully we get something to rely upon because the way they are going, they might be nobody left in bitcoin.
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