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3201  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Stellar Lumen airdrop in Polo/Kraken on: June 29, 2017, 09:46:47 AM
Hi guys,

I should have qualified for the airdrop of Stellar Lumens.

Any idea when they will distribute that?
https://www.stellar.org/lumens/bitcoin-lumen-program/

Are you talking about that?
Where can you claim it with kraken?

Poloniex says, they have no clue!!!

Quote
1/2 - It is not clear to us why Stellar included our name on their site as participants in the 6/27 giveaway.
2/2 - This was done without our consent. We did not agree to participate nor do we possess the STR for this giveaway.

WHAT A MESS!

Their name was indeed on the Stellar distribution site. But they did not tell me (=their customer) that they will not participate!!!

That's interesting, because when Clams allowed people to "dig" clams from their bitcoin addresses, Poloniex distributed it all. That was a few years ago, though.
3202  Economy / Speculation / Re: Trend spotting in Bitcoin on: June 29, 2017, 09:34:43 AM
I'm interested to know peoples methods for trend spotting. Is anyone using the basic of models of elliot waves and fibonacci? Do people have more advanced models?

Alternatively do you believe that there is no way to model at all and the market just does what it does

Technical analysis doesn't work that well for bitcoin, and that's because it isn't as liquid as other markets. A whale can crash the price (in order to trigger stops and buy cheap) using relatively little cash. Also, because bitcoin is unregulated, the amount of fud being spread around is phenomenal, as is the DDOS attempts on the exchanges to prevent trading at crucial periods.

Basically it's the wild west and techniques that work for other markets don't work fro bitcoin.
3203  Economy / Speculation / Re: A big old correction going on... on: June 28, 2017, 04:36:51 PM
it seems like market loves $2500+ price so much better than anything else. and it is a pretty nice middle ground price too. it is exactly in the 50% way up to $3000 and has a lot of room to go down in case some whale decided it is time for FUD in a couple of weeks.

In a couple of weeks SegWit will be locked and activated shortly after.
So IF there should be more FUD to come, it has to come NOW!
Anything else makes no sense and won't have any major negative effect on the price.
Next time we will see FUD is when it is about the 2x hardfork attempt ( what is 8MB! by the way) by Shilbert Group and Jihan!

Don't forget China! There is always some sort of China FUD when the whales want to move prices.
3204  Alternate cryptocurrencies / Altcoin Discussion / Re: it is ethereum fail not bitcoin and not altcoins on: June 27, 2017, 03:49:45 PM
Really but why?Will eth become useless in coming days?Btc and all altcoin are falling.What is the matter?

It's not useless, but it isn't all it was cracked up to be either. It was supposed to be a bitcoin killer but ended up struggling even worse than bitcoin to handle large volumes.

Any alt that wants to beat bitcoin needs to prove it can handle huge volumes without backlogs, and ether is not it.
3205  Economy / Speculation / Re: A big old correction going on... on: June 27, 2017, 03:17:56 PM
Just saying...

Where will it stop?

When all the stop-losses have been picked off, clearing way for a new bull run.
3206  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Poloniex account hacked and all monies traded away, Please help! on: June 27, 2017, 02:36:47 PM
Thanks for your response BTCIV. But I am looking at options here BTCIV.

This is a clear case of theft and I have notified poloniex about it. 2FA is optional not mandatory by poloniex. I totally agree I should have had it on my account.

But nonetheless the money has been stolen from the exchange who were the custodian of my coins. Should they not do something about this? what are my options here to get this recovered. I have downloaded the list of trades the hacker did, i have have the market snapshot showing the irregular activity.

Please help me out here instead of just saying what has already happened Sad

Thanks

You can ask them to investigate HOW the money was stolen. First, instead of sending an email, raise a ticket with support.

Once you have raised the ticket and have a ticket number, make an account on reddit, and then contact Mike-Poloniex (https://www.reddit.com/user/Mike-Poloniex/) via private mesage, quoting your ticket number and explaining what happened. They should be able to investigate and tell you the IP addresses of whoever stole your coins, and which countries they were in. After that, you need to contact the police to get them to track down the thieves.



Thanks for your response alyssa. I have already raised a ticked witht them and they have not yet gotten back to me. I have the ip address from where the hacker logged into my account. Ip address is 119.26.200.230, a quick search shows its from Kobe Japan, Jupiter Telecommunications Co.

Do you suggest I should speak to police in Japan? I am based in London,

thanks


Report it to your local police in London (I think they have a cybercrime unit and can achieve much more through their internal contacts than you attempting to solve things by yourself).
3207  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Feel sorry for the panic traders/investors for selling at low. its now all green on: June 27, 2017, 12:30:52 PM
Actually a lot of the sales are the result of stop-losses being triggered (and I'm pretty sure that some of the drops were triggered by whales deliberately to set off an avalanche of stop-loss selling, which they benefit from by having buy orders at lower prices.
3208  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Poloniex account hacked and all monies traded away, Please help! on: June 27, 2017, 12:27:41 PM
Thanks for your response BTCIV. But I am looking at options here BTCIV.

This is a clear case of theft and I have notified poloniex about it. 2FA is optional not mandatory by poloniex. I totally agree I should have had it on my account.

But nonetheless the money has been stolen from the exchange who were the custodian of my coins. Should they not do something about this? what are my options here to get this recovered. I have downloaded the list of trades the hacker did, i have have the market snapshot showing the irregular activity.

Please help me out here instead of just saying what has already happened Sad

Thanks

You can ask them to investigate HOW the money was stolen. First, instead of sending an email, raise a ticket with support.

Once you have raised the ticket and have a ticket number, make an account on reddit, and then contact Mike-Poloniex (https://www.reddit.com/user/Mike-Poloniex/) via private mesage, quoting your ticket number and explaining what happened. They should be able to investigate and tell you the IP addresses of whoever stole your coins, and which countries they were in. After that, you need to contact the police to get them to track down the thieves.

3209  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why altcoin price down during this week? What are the reason? on: June 26, 2017, 10:19:04 AM
There is no reason for this dump but some coins are pumping like litecoin and ripple is stable.ethereum going down because in past 2 weeks it increased about 200$ now finding stable position it will stay aroun 300 to 320 now onwards.

There seems to have been a flash crash for doge and other coins last night - probably someone selling a large amount at once, crashing through the buy orders and triggering margin covering (if people were long, they would have forcibly sold, making the crash worse).
3210  Economy / Speculation / Re: Will the Italian bank bailouts start people buying Bitcoins? on: June 26, 2017, 10:10:17 AM
The answer is NO, because they did a taxpayer bailout instead of a customer bail-in.

If they'd gone with a bail-in, the perhaps bitcoin might have surged (because people lose all their savings in bail-ins).
3211  Bitcoin / Bitcoin Discussion / Re: PLEASE SIGN THE AMAZON BTC PETITION on: June 25, 2017, 08:25:42 PM
You should make a petition for the Japanese brand of Amazon first(there must be one, right?). They already have Bitcoin regulated. Other Amazons more likely to follow then.

This is a good idea. Best it is trialed in Japan before it goes worldwide. Especially as I don't think bitcoin can cope with large volumes of transactions at the moment.
3212  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Poloniex - any way of getting my money back? on: June 25, 2017, 01:07:49 PM
Poloniex have the following notice on their site:

Quote
Due to ongoing network instability, we've disabled Ethereum deposits/withdrawals. We'll enable once we know the network is functioning properly.
Posted by MobyDick at 2017-06-22 17:50:35

Once they resolve the problem, they'll post another notice. This is more Ether's fault than Polo's - it's pretty bad that they claim to be a bitcoin killer but can't handle volume.
3213  Economy / Service Discussion / Re: Where can I sell digital downloads for Bitcoin? on: June 24, 2017, 04:48:19 PM
You can list stuff for sale on Peerhub, and get paid in Steem or Steem Dollars (which can be exchanged for bitcoin). It works a bit like ebay

https://www.peerhub.com/
3214  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Year 2017. Poloniex vs. Bittrex vs. Kraken service comparison on: June 24, 2017, 04:45:05 PM
Kraken is fine for the BTC/EUR trading pair. But it's not great for alts because the volume is too small.

I have withdrawn euros, using SEPA into a British bank account (it converts automatically to pounds) and it works really well. If you withdraw in the evening, it's in your bank account the next morning by noon.
3215  Economy / Speculation / Re: The Bitcoin Bubble Will Turn Into Mania Before It Bursts on: June 24, 2017, 04:41:23 PM
i think the alts have become bitcoin's mania side chain. it's new form of behavior. i don't know how it'll impact on bitcoin.

Lots of speculators have poured into alts. But it still isn't a mania levels - people have to start using the alts and bitcoin before we get to that stage.
3216  Economy / Speculation / The Bitcoin Bubble Will Turn Into Mania Before It Bursts on: June 23, 2017, 08:22:17 PM
https://www.forbes.com/sites/panosmourdoukoutas/2017/06/22/the-bitcoin-bubble-will-turn-into-mania-before-it-bursts/

Quote
Every asset bubble is different, and can be easily confused with healthy bull markets. But they all follow a certain pattern. They begin with ‘investor hype’ over a popular theme – an emerging industry or an exotic product that promises to change the world and make many people rich in the process.

Somewhere down the road Wall Street develops the vehicles that make broad investor participation in this theme easier, like a mutual fund or an ETF—turning investor hype into market contagion, and pushing the price of the underlying assets ever higher.

Then comes easy money by accommodative central banks to provide ‘the air’ -- financing for the bubble to grow bigger and bigger. Bold predictions by market gurus and talk in the mass and social media create buzz that help prices double or even quadruple in a matter of days, even hours—turning market contagion into mania. Investing in this theme reaches a cascade, as no investor wants to be left behind.

Finally, the bubble bursts, as early investors have already cashed out, and there are no more investors to join the party.

Apparently, the ongoing run up in Bitcoin and other digital currencies has most of the elements of a bubble. It’s an exotic asset that comes with big advantages—a better hedge against global uncertainties than conventional hedges like gold; a convenient medium of payment around the globe; and a limited supply--21 million.

Meanwhile, there’s investor hype. More and more investors are becoming familiar with the digital currency, and can use investment trusts like GBTC to conveniently participate in the market.

Adding to the hype is an ultra-low interest rate environment (which has lowered the cost of holding all these four-digit trading Bitcoins).

But there’s one thing still missing to turn the bubble into mania: a broad participation beyond the “pioneers” and the “early adopters,” to “early majority--” along the Rogers curve.

That’s when the demand for Bitcoin reaches a cascade and turns into mania, as a critical mass of investors rush to buy “hot” Bitcoins for the promise they hold -- rather than for the fundamentals they display.
3217  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Poloniex - Ethereum withdrawals not working on: June 23, 2017, 05:49:32 PM
The problem is the ethereum network:

See

http://www.coinfox.info/news/7121-status-ico-causes-failure-in-the-ethereum-network

Apparently they have put in a fix, but no-one knows if the backlog has been cleared.

My advice is not to withdraw ether. Switch into another currency (btc, ltc, doge) and withdraw that instead.
3218  Alternate cryptocurrencies / Altcoin Discussion / Re: Official fix come to recent ETH network paralization. Right now EIP 648!Solved on: June 23, 2017, 05:45:15 PM
So - has the backlog been cleared, or do we need to wait a few days for that to happen?

P.S. In the last 24 hours Ether had 305,908 transactions, which is more than what bitcoin achieved (272,247)

https://bitinfocharts.com/comparison/ethereum-transactions.html

3219  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Coinbase hacked!! Eth DOWN, on: June 22, 2017, 09:41:04 PM
Coinbase hasn't been hacked. The problem is the Etheruem network - most exchanges are having problems - Bittrex, liqui, Polo, Gdax. Nothing to do with the exchanges and everything to do with how Ethereum can no more handle volume than bitcoin can.
3220  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: ETH not received from poloniex on: June 22, 2017, 05:28:26 PM
All the exchanges are having problems with Ethereum:

http://www.newsbtc.com/2017/06/21/ethereum-network-congested-exchanges-forced-disable-eth-wallets/

Quote
The past 24-36 hours have been anything but fun for Ethereum users. The network suffers from a major transaction backlog. This congestion is partially caused by yesterday’s Status ICO, although it is unclear if other factors are at play as well. Unfortunately, two exchanges have been forced to disable Ethereum wallets as a result. This is a big problem for Ethereum, as it shows the immaturity of this technology.

It is never a good sign when cryptocurrency exchanges need to disable Ethereum wallets. This means users can’t deposit or withdraw ETH right now. The issue affects both Bittrex and Liqui, albeit other exchanges may follow. Network congestion is something we often see in the world of Bitcoin. For Ethereum it has never been a big problem. Then again, the network has never been put under the same amount of stress as Bitcoin’s either.

GDAX is having problems too:

http://www.newsbtc.com/2017/06/22/gdax-investigates-ethusd-issues-ethereum-network-continues-to-suffer/

Quote
Things have started to somewhat unravel for Ethereum as of late. The network is slowing down to the influx of ICOs. Moreover, it now appears the GDAX exchange had to halt ETH trading for quite some time. Interestingly enough, the platform also saw an ETH price flash crash last night. It is evident the market is making its voice be heard. The bigger question is how things will play out for Ethereum moving forward.

Ethereum holders are getting quite antsy right now, for obvious reasons. The network is suffering from issues for quite some time now. The recent multi-million dollar ICOs are causing major transaction issues. It will take several days, if not weeks until the network goes back to normal. Even yesterday’s Civic ICO was problematic to get into due to the Ethereum network slowing down several times. It is evident something will need to change in this regard.

To make matters even worse, the GDAX exchange had issues with Ethereum as well. Multiple exchanges froze ETH trading yesterday afternoon. GDAX joined that list last night, as the ETH-USD market show some unusual developments. More specifically, some trader successfully flash crashed the price to double digits. That is rather unusual, to say the least. It was not a graphical glitch on the charts either, as some people buy orders were effectively filled.



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