...
If you are traveling and lose your credit card, but in a country that has a reasonably active Bitcoin scene, you can sell some BTC to pay bills while "over there".
This may become an issue for us.
Here is a case for having an online wallet, "travels anywhere".
One of the best things about bitcoin is that it does not discriminate against countries. You using bitcoin in North Korea compared to you using bitcoin in the USA, as long as you have some sort of internet access, you'll be getting the exact same product. Losing a credit card is something that is a real possibility. By carrying cash around in certain countries you have a high chance of getting robbed, and it's just inconvenient. With bitcoin, everything is done at your fingertips. Even in small countries there will be bitcoin traders on localbitcoins willing to take your bitcoin for cash. It's quite a sound backup plan in my opinion, just in case something unexpected does happen on your trip, you dont have to waste money on foreign exchange again. |
|
|
|
My Okpay account has now been verified. I went to Yobit.net and tried to send a very low amount to my okpay. Been pending since then. Looks like they have to get verified to!
Oh no... Not yobit again. Pending isn't a good sign at all, they rarely ever process pending requests. Plus, they should already be OKPay verified in the first place because you can only send like 400 EUR a month without getting limited on OKPay if you're unverified, i think. I've got some spare change on OKPay at the moment and they're asking me to upload my docs, so i'm sure that this new requirement is applicable to everyone. I'm surprised too that nobody else has complained yet. Now that OKPay is strict on KYC though, nobody seems to want to use them anymore because it is no longer anonymous and transactions will probably more reversible than before. There is also a higher chance that your account will get frozen imo. |
|
|
|
Always love reading and sharing good news about bitcoin!
I'm pretty sure that Australia has done a similar thing, except the taxation on bitcoin was actually 10% in their country? It's extremely positive news for bitcoin in general, but more specifically for these bitcoin traders in the countries. I'm sure that now there will be a lot more regulated exchanges willing to pick up bitcoin trading, and more merchants accepting it as well. something something Country lifts tax on bitcoin something it had no right to impose in the first place something something I agree with this. It was essentially a double taxing, governments have no right to tax their citizens unfairly like this, and they pocketed the change for themselves. But at least they corrected their mistake, unlike most other countries in the world who don't even bother to look into bitcoin more before banning it altogether. |
|
|
|
Anyone having the same issue of having awaiting approval for their poloniex account? I've sent 3 support tickets and they told me it will be done shortly but it still hasn't been solved yet. help?
poloniex is somewhat of a scam right now and i would NOT recommend anyone use their service unless they are ready to be scammed. There are definitely a lot of people having the same issue, i believe there is one guy that is owed like $500 by poloniex called Sygambler that haven't been paid, and he submitted his withdrawal request since May. They've removed their trollbox as well, essentially making the support the only way you're going to hear from them(and you're probably not going to). All you can do is to keep bugging their support and hope for the best. Yes. Yes. I tried to transact money from Poloniex to my Yobit account, but it has been sitting there for 120 hours now, waiting for confirmation. I placed a good transaction fee. In fact, it was 10% of the amount being transacted. It was much higher than the average fee set by BitcoinFees21. I haven't sent any support tickets yet, as the amount that I was transacting was not quite high (0.01BTC).
I am putting it down to rising mempools and picky miners. I don't know exactly what the cause is, but if someone could enlighten me, it would be great.
Has it even been broadcasted onto the blockchain? Poloniex's main issue is that withdrawals stay as "awaiting approval" and doesn't get sent on the bitcoin blockchain. I haven't heard of poloniex using too low of a fee, though. Use the viabtc transaction accelerator if thats the case. it's free. |
|
|
|
|
Lol guys, give him a break...
It's probable that this has been done as a part of a publicity stunt, but who cares? After all, he has done what he has claimed - accepted bitcoin. No matter how he does it, whether he converts his bitcoins into fiat or not, he is accepting bitcoin, and that is all he claims.
It would be definitely better if he kept the bitcoin himself, instead of cashing it out instantaneously. But it's his choice, maybe he thinks bitcoin is in a bubble right now and want to get out of it until the fork happens.
either way, it'll encourage economic activity with bitcoin, and one more bitcoin merchant is always better. So i see no negatives with this story whatsoever.
|
|
|
|
It's not so straightforward to buy bitcoin in the Middle East. Yes, I have tried everything. If bitcoin was about the free world, why all the exchanges ask for very strict verification that even the stock exchanges don't ask for? I have never had to take a selfie with my passport in my entire 40 yrs of life until I came in to the bitcoin world, what the heck?!! All the exchanges take ages to verify and when they do, they discriminate those from the middle east. Most of them don't allow us to use fiat currency to buy bitcoin, so how the hell new comers will buy it? The barriers of entry to the bitcoin world are too many for people in middle east, am sick of it.
I find the conventional banks much easier to deal with than the bitcoin exchanges. Guess what? I was successfully registered in one after waiting for a month, only to be told I can't spend more than 300 Dollars a week in buying bitcoin, seriously??? I freaking have thousands of dollars to invest and they want me to spend 300 dollars a week for a coin worth $2500???
Now, the easy way is to buy from others, but I am gonna have to pay a premium of 10 to 20 pct above fair market value to buy and that's BS!
I am thinking to start my own ICO for an exchange that has commercial sense an open to the world. We need a revolution here.
Your major misunderstanding is that you're assuming bitcoin exchanges is bitcoin itnself. Sure, it is a big part of bitcoin, but it is regulated by governments because it deals with fiat. The real problem here is fiat, not bitcoin. You'd have absolutely no issues once you buy your bitcoin, and want to cash it out, but you'll have lots of verification to go through because of AML and KYC laws in your country that dictates the bitcoin exchange industry. A simpler way to understand it is that, bitcoin is fungible, fiat is not. Therefore, they have to check whether your fiat is trustworthy or not(risk reduction of it being stolen funds), whilst bitcoin is trustless. And no, ICO for an exchange? That's a BAD idea. In fact, i'm pretty sure that some exchanges have done this before and failed miserably, both themselves and the investors. |
|
|
|
Business Insider CEO Henry Blodget said Bitcoin has no intrinsic value. https://www.youtube.com/watch?v=RxycmMo8Z2oIf Bitcoin has any intrinsic values, then what are they? The author of the video did bring up 10 "intrinsic values". It is very hard to determine if they are intrinsic values or just characteristics. What do you think of all of these? I don't know why he seems to think that bitcoin will go to greater heights than it is at right now(actually he mentioned 1 million dollars in the video per bitcoin), but thinks that bitcoin has no intrinsic value. What the actual F***? I'll tell him what bitcoin's intrinsic value is - its ability to serve as a functional, decentralized and pseudoanonymous currency. Its intrinsic value is its in code, because of the rarity of bitcoin(much like gold and silver), it means that bitcoin will always be sought after. Both because it is useful, and because it is limited in number, meaning that it is a store of value. It's not surprising that he would say this, as he is part of the big business elite that is threatened by btc. |
|
|
|
Yes, it was verified. I am not even planning to open another account. There are many other online wallets right now providing better service than coinbase. I opened this coinbase account in August 2015 when they were offering $75 worth of BTC for free when someone used to buy $100 worth of BTC or more. I got this $75 worth of BTC for free and never switched from coinbase until this happened. Funniest part: This is the response I got from their support today: http://prntscr.com/fqnup4Interesting, i though that they only gave you $10 for the referrer and $10 for the new user getting verified. When i signed up i definitely didn't get $75, lol.
I guess it's not safe for people to use coinbase for essentially everything related to bitcoin, because their terms and conditios basically cover every regular activity that an average bitcoiner does, like playing at a casino for fun, exchanging bitcoin into other ecurrencies off-site and whatnot. Also, It baffles me how their support is willing to reply to your request, but ignoring hundreds of others. This is what you get when you insist on using "regulated" exchanges.
Unregulated exchanges has their own problems, i accept that but you'll never ever get a message like this one from the unregulated xchanges.
They don't even tell you what they found on you, they just decided not to work with you. Great. Fuck coinbase.
Anybody who still uses this exchange deserves everything they get. (sorry but you are also included, op)
Well... Using unregulated exchanges aren't the smartest idea either. I mean regulated exchanges usually have better customer support and they allow you to withdraw your coins even if your account gets suspended, whilst exchanges like BTC-e, you literally dunno whats going on and just have to hope for the best. But either way i dont think anyone should use coinbase, they have shown an extreme liking of closing accs, almost trigger happy, and they don't even have the customer support of a regulated exchange. |
|
|
|
I just applied level 2 verification and i have also uploaded photo ID and picture of myself holding ID, but my status is still incomplete. Is this a natural occurrence or I should wait for manual approval by poloniex?  Well, it used be all super fast but now poloniex is definitely really, really incompetent in terms of its ability to process customer requests. Ify ou look on discussion boards on reddit or scam accusations here you'll see a ton of posts about poloniex either delaying withdrawals, deposits, not approving level 2 verification, or all of the above for some people. You shouldn't wait for higher limits, start withdrawing as quickly as you can. I actually haven't seen anyone being approved by poloniex for lvl 2 since end of May, and it's probably not going to happen for you any time soon either. The fact that their trollbox is removed as well just further shows that they want to cover up the whole thing. Late stage craptsy scam was somewhat the same situation as polo is right now, scamming user deposits, selectively as it seems. |
|
|
|
Hi guys,
I've been using Liqui.io for a few weeks, now I tried to withdraw my BTC to my wallet and Liqui haven't sent it for 2 days already! their support don't respond to my message as well, completely ignore me. Are they scam?? what can I do to retrieve my money? it's ridiculous! anyone else had the same issue with them? what can I do?
Thanks.
It's been 3 days now since you posted. Any updates? Are you sure that you sent it to the right address? Can you post some screenshots from inside the wallet section of your account? Is the transaction still shown as pending, or is it completed? I suggest you definitely try PMing liqui.io on bitcointalk and posting on their ANN thread. Btcney has the links above. Do you really think that they are going to first spend thousands of dollars and months of their time to set up and launch an exchange just to scam your how much exactly maybe a few hundreds bucks?
I have conducted some business with them, I've bought Iconomi tokens to be precise and never had any such issues.
Likewise, i have dealt with at least $1000 with them so far and no issues. Never had any pending withdrawals for more than half an hour, actually. Liqui isn't doing this on purpose, it would be illogical for them to risk their reputation for such a low amount. Maybe they just accidentally skipped past your request. Remind them again and you'd be okay. |
|
|
|
Who has the worst support in industry? My vote is for polo.
1. Poloniex 2. Yobit 3. Coinbase 4. Changelly(though their customer support is actually quite active, but there are just so many issues). I must have to agree too that yobit is the worst support ever than those mentioned sites, their support takes weeks and even month/s before they contacted you back with the support ticket you made thats why you need to avoid this exchange so you can't experience what others did before.  Yobit has definitely never been above median for customer support, and nor have they improved over the years even though there are hundreds if not thousands of accusations opened against them for crappy customer support. But, poloniex right now is on a different level. It's evident that they are trying to end all communication between the staff and the customers, by removing the trollbox, delaying withdrawals and deposits, customer support never responding to anything. At least yobit is willing to take on new shitcoins for a fee, poloniex doesn't even open new markets anymore. |
|
|
|
Just to ask you guys is Technical Analysis or charting can be benefit?
Can it be beneficial? Yeah, definitely. But the problem is a lot of people blindly believe in charts and technical analysis. They see trends that have happened in the past and seem to believe that in the future everything will be the same. The assumption is that what has happened in the past will definitely happen in the future. Charting does not take into account a lot of human factors, rather it only looks for shapes and patterns. Some long term patterns are evident, for example halving drives price up. But a lot of short term patterns aren't based off anything logical, but rather just observations. If chart analysis can be used alongside your experience then sure, it will be of enormous help. I'm not here to hate on charters. |
|
|
|
And remain the No. 1 cryptocurrency at that
If we are to cut the crap and face the facts, Bitcoin is at the top of cryptocurrencies simply because it has managed to attract the biggest amount of fiat (dollars, euro, etc) compared to other currencies (note that this has nothing to do with the so-called "market cap"). And it did so because it has been outpacing most other coins in terms of generating profits in the long term (while generating less losses when it didn't fare quite well, say in 2014-2015), apart from being the first mover, of course. Some coins have recently been (or had been in the past) more profitable than Bitcoin but they all lacked consistency, i.e. the capability of generating profits over long enough time frames. Conversely, if Bitcoin starts generating loses and that wouldn't be temporary while some other currency shows more profitability over the same time span, people will start losing interest in Bitcoin as a speculative asset and turn toward that currency. The inference is that if you want to make Bitcoin die a painful and miserable death, you should, first, make its prices at least stagnant, and, second, pour enough cash into some other coin (more or less decent in terms of technology behind it, say, Litecoin) while (and this is the most important point here) keeping this growth for a certain period of time until the process turns self-sustainable and self-reinforcing
That might not make a lot of sense in the past when Bitcoin was strong (since that would be outright prohibitively expensive), but things may change if, for example, Bitcoin fails to scale successfully. In fact, it may happen even without external and deliberate influence but just because of Bitcoin price declining for a sufficient amount of time on its own. And this is the point I want to discuss
Bitcoin price ain't going to fall in the long term. But short term? Bitcoin is very vulnerable to pump and dump cycles just as altcoins do. Though usually what we see is that the pump and dump cycles that are imminent with bitcoin are actually a lot better than altcoin's cycles. The reason that bitcoin will always beat altcoins is that altcoins is focused around profit. Profit for the early investors, profit for the founders, etc. Basically they are selling an investment scheme disguised in a nice description with a slick website, that's all. It's a speculative tool, nothing else, and the functions and punchlines are just the cover story. This can't be more different with btc. |
|
|
|
Hello, I have using Poloniex for several months but the fact that you cannot use Fiat currency to buy coins is very difficult to cover when there is a crash.
What trading exchanges are there?
Thanks.
Evariste.
There are a lot of platforms that enable you to do this. What I would recommend is to trade P2P, establish links between some sellers on localbitcoins and whatnot, so that you can get better rates than you can get elsewhere. Obviously, it is the most convenient method and the quickest, though you'd be still looking at higher rates than actual exchanges. For exachnegs, i'd recommend bitstamp, kraken, or BTC-e depending on where you live. But if you use LBC then there is no country restriction, another plus. Thanks for your feedback. My problem is not where to buy BTC but in which platform to sell it without leaving the platform and transforming the BTC to euro or USD. This is useful when you know there will be a crash like happened last week. For example: in poloniex you cannot do this (USDT is not really USD and the conversion rate is quite low on polo).
Hope it is clear.
Which one use Fiat Bitfinex or Bittrex?
thanks
Ah, i see. Then you probably don't need localbitcoins, use Bitfinex, Kraken, or all of the above. For USDT, if you get verified then technically you can withdraw to your bank account, directly. Therefore thereotically 1 USDT is always 1 USD. |
|
|
|
I think Bitcoin is going to be a roller coaster ride for a while. I am mid process transferring my Bitcoin from Poloniex to Coinbase (it is taking me 2 days because of the $2000 per day limit). Once there I plan on waiting until Bitcoin pumps back up in value and then sell it and put the $ into my Coinbase USD Wallet. And then ride out the roller coaster for a while until Bitcoin stabilizes.
I was also thinking about using Coinbase to sell high and buy low, back and forth, back and forth, storing my fiat in my USD Wallet after selling.
Is this a good idea? Is Coinbase a good exchange to do it in?
Mazzy
First of all, poloniex is an extremely unsafe exchange to deal with at the moment because there are simply so many complaints about them having fake lag, delayed withdrawals and deposits(sometimes still unresolved till now), and unresponsive support. anything goes wrong with your account, you are essentially in an endless hole of contacting the support every single day with no response from them. What you want to do seems to be day trading. Now, from my experience, coinbase is a reliable exchange. However, first, make sure that the source of your fund is legit. Otherwise, your account may become suspended. If you want to day trade, then you'd be hit by high fees charged by coinbase. They've got to make money, so they have pretty high spreads when compared to other exchanges and higher fees. I'd say, either try Kraken, or BTC-e if you want to trade short term. But don't hold too much in any exchange. |
|
|
|
if it punches through $2600 in the next 24 hours then we might be in for a suprise
Not really. If you look at how the market has been performing lately, you'll notice how repetitive the patterns are. It will continue to bounce up and down below the $3000 level, as long as there isn't any sort of good news coming regarding the activation of SW2X. Till that time no one should expect fireworks. If you're holding, just keep waiting, and if you're a trader, then use these ups and downs in your advantage. There isn't much more that you can do. Agreed, floor seems to be at $2400ish, as soon as it goes below that, just a few dollars, people start buying in and the price recovers fairly quickly to stablilize at $2400-$2600. And then people seem to buy in even more, pumping the price up to $2700-$2900, which is probably the roof for now. If you can buy in at that low of $2400 when everyone is panicking and sell at the high of $2900 when everyone goes crazy buying, you're looking at a $500 profit per trade here. And this opportunity has presented itself at least 2-3 times during the past few weeks. The UASF will probably disrupt this pattern though, depending on how successful it is, bitcoin could end up in a mess, or just shoot up over the roof. $10k? Not an issue if bitcoin stays in one piece and scales somewhat through SW. |
|
|
|
$2,800 for a $2,550 Bitcoin??? $3,100 for a $ 2,800 Bitcoin??? Come on now. This is getting out of control. On top of that, we ( the customer of the machine) are the ones paying outrageous mining fees. I'm in Las Vegas, Nevada. I do know that the machine prices are set by the owner of the machine. It's basically a giant hardwallet. I don't know what it's like anywhere else in the world regarding these machines and the fees set by the owners of them. But I do know that here in Las Vegas, it's a slap in the face. I'm not Just talking about buying Bitcoin either. It's the same for selling. $220 seems to be the average markup/markdown on 1 BTC. I have been building a small network of buyers and sellers. But sometimes I find myself needing to sell some BTC for Cash and can't wait around for a buyer. So I'm forced to use these machines. Reluctantly every time. Let me know what you think about this issue and let me know if it's the same around the world. It's so bad that my wife and I have been gathering funds and partners to start our own BTM service so we can charge half price or less to force these thieves out of town or to lower their own fees. We've done the math. The profit will be there even with a $50 dollar markup on every coin. Anyways. I'm all ears. Usually, bitcoin spreads can range anywhere between 0.1% on an exchange such as BTC-e, or 10% on localbitcoins depending on your payment method. Unfortunately, this is an issue that everyone has when using bitcoin atms worldwide, not just in your specific country/city. And I guess that the owners have to make money too, though the high spreads definitely discourgae any regular buying/selling activities. The fact that you're trying to offer a cheaper service is great - i commend you. At first I was also excited when BTM's started showing up. But I just realized immediately that they provide the same price increases (200-250 USD). The sad part is they claim that they have "2% cuts". But they din't indicate the enormous addition in their prices.
Like, I don't blame them that much, since if you look at their point of view, it is a business, and they put up BTM's not really for easier access to bitcoins but they put them up for them to profit. I'm actually fine with that if the increase was just like $50 or something close to that. They're just taking advantage because there are only few accessible BTM's in most places.
They simply need more competition boys and girls.
Agreed. I will be giving them competition as soon as I am financially available to. I can't wait to be the one that brings fairness back to BTC buying/selling in Vegas. That was a good idea, to have them a competition to equalize the system that they control themselves. Good luck for your plan I hope for your success. By the way I just wanna share, in our country we don't have any BTM's but instead we can withdraw our money from ATM's you can pay the total of the money you want to withdraw using bitcoin and guess what it doesn't have any fee its completely free. Its a online wallet and exchange site as well but only features btc, you might wanna take this idea because as I can see they were so successful right now and have so many parters with large companies. Yes this is a great idea. I am actually waiting for my Bitpay card to arrive in the mail. I'm so excited about it. To be able to go to an ATM and Withdraw cash from my BTC balance is the ideal situation. Still, there are many people new to Bitcoin that are turned away by these excessive BTM fees. The Bitcoin economy takes some getting used to and I think these things are hurting it's growth by giving newbies a rude introduction. Thank you all for your advice.Half of my income is paid in Bitcoin. I've been making Bitcoin transactions for a while now and I am aware of every way under the sun to carry them out. This topic is about the BTM fees and how outrageous they are. Yeah. If you order a bitcoin debit card, the spreads are much lower. Better yet, if you can accept bank wire, then the spreads are even lower if you are willing to verify your id, though you'd be looking at some wait time. |
|
|
|
How can you know it is the last dip? What are the specific signs that a coin is getting back up?
More specific, when can I know that Bitcoin reached its lowest low (for this timeframe) and it will continue its steady growth from there?
Sorry for the noob question, I'm looking for an entry point for a long-term Bitcoin investment. I feel that trying to dig into trading theory right now would be too much for what I need. I'm just looking to maximize my profits in this specific situation.
Any tip would be much appreciated. Thank you
There is simply no way to tell. The "low" point is extremely hard to grasp. You have to understand the price is simply an agreement between two users to conduct a trade. The actual lowe point will only be done by 1 pair of traders - out of thousands in the market. So don't expect to be exactly that lucky buyer(nor the unlucky seller  ). I suggest that if you are looking to buy in long term, try to buy in every few days/week depending on how much you are willing to put in to bitcoin a set amount in fiat terms. That way, if price rises you've got yourself a good deal early on and if price drops then you can lower your average entry point. Long term wise, entry points don't really matter either way, it'll just boost your profits further. Bitcoin will be extremely bullish in the long run. People said that people who bought btc when it was $1300 back in 2013 were stupid, but they would have more than doubled their wealth in 4 years only if they held. |
|
|
|
It really does seem like that Burger King wants to stay ahead in this more and more cashless society. I applaud the executives(at least in Russia because as you stated, there semes to be no one in america or any other country doing this) of Burger King, they have definitely taken a right step. I really wish that McDonalds and Dominos, even KFC can follow in Burger King's footsteps. Any merchant that accepts bitcoin is a good thing - let alone transnational corps that have millions of followers worldwide. Though I wonder how they will address the transaction fee and confirmation issue. By using Bitpay as a payment gateway? |
|
|
|
ok so if a whale hands out Bitcoin paper wallets to homeless people
would they know how to redeem and use the money or hold the bitcoin?
would they learn it?
maybe some of them would become bitcoiners or even programmers and valuable to the ecosystem
who wants to join me doing this
we need people in the usa, where there are the most homeless people on the planet, who are whales and want to help the cause handing out some paper wallets on a daily basis
It's a good idea. Instead of giving awaiy just food or money, give them something that will help them understand what is worng with the country's economy and why they should switch to this alternative. Paper wallets are a good means of handing bitcoins out, i guess. Because if you give them a private key on a usb stick they're probably going to be clueless about how to redeem the coins and use them. Paper wallets with written instructions on them are the best way to do this. The trouble that you'll find with your plan is 1. Lack of whales willing to give away btc 2. Lack of people willing to go up to people randomly and give them free btc. 3. Lack of homeless people have computer access Still, it's a good idea. After all, a lot of wrong about how many homeless people there are in US. |
|
|
|
|
Show Posts
