Unfortunately, this is the result of the maintenance fees being more than that you are making from them. That's what makes cloud mining such an unprofitable venture, which is exactly the opposite of what some people try to pitch to you on platforms such as Youtube.

Bitcoin prices have defintiely gone down, which is potentially why this is happening. However, it could just be another one of the tricks that they play (just like they did with lifetime contracts) in order to avoid paying as much.

BTW, can anyone confirm that are all users of Hashflare being affected by this? Or just the people who bought their contracts at times when they were extremely pricey? Either way though, it's best to steer clear of cloud mining altogether, especially HF.

I doubt that chat moderators will be able to help you. All they can do is mute people which they do on a regular basis, especially those who openly oppose some of yobit's shady doings. Never have I seen anyone have their problems solved by messaging on the trollbox to a moderator.

Yobit is obviously extremely shady, as I said, and these withdrawal and deposit delays happen all the time.

It's come to the point that it's become such a big problem that I think it's safe to say that they are intentionally doing it, potentially for the profit. Or perhaps even worse, they are already becoming insolvent. We don't know for sure, but don't use them.

I do hope that this is not an exit scam simply because of the fact that there will likely be many more victims that will have to suffer as a result, and the amounts are going to end up being extremely big.

However, the correlation between the time when escrow is withdrawn by Bitmixcoin, and when the 16 BTC deposit was essentially delayed for 5+ days with apparently no competent support is too good to be a coincidence. The whole escrow thing by zazarb may have just been a thing done to falsely gain trust of people, since what good is that if they are able to withdraw that 5 BTC escrow at any time?

I think that we should give Bitmixcoin some more time to respond, though, before labelling this as a scam. But 4 days already elapsed since the deposit of the victim, so it goes without saying that it's safer to just not use their service at all for the time being.

It's probably not exactly caused by just an overreaction alone, however, that could be a catalyst in driving prices down. The main reason is still that we are simply not in a bull market, and the sentiment in the market has shifted to bearishness.

But things such as the investigations he talked about, and the hack of the Korean exchange, all contribute to short term dips. But it doesn't really change the overall trend.

I think that there is probably still some time to go before we can say that we've bottomed and are entering a stage of recovery. But imo, bitcoin will go down to around $4k as a bottom. But any price under $7k should be a good level to buy at for the long run.

So basically, you need to wait for your own money to be sent? And there are no guarantees that you will receive them in x amount of time at all? I mean, even for dust amounts, this is a hassle to go through and a pain in the arse if they decide to hold your funds for whatever reason.

I don't see how this provides security at all, hackers will still able to withdraw with the delays in some if not most instances (obviously I don't know how the system works, but it doesn't make much sense to me).

Whole point of using bitcoin is that you want to have instant transactions worldwide. And using Xapo, not only do you have to pay the same transaction fees now that they put it in place, you have to be delayed by them as well. Not worth it.

Well, main difference is obviously that they are owned by different people. And the trustworthiness of these different people and teams are obviously way different, so picking the right exchange is extremely important.

Coinbase is good for buying your first coins, if you have a credit card and you're able to ID verify yourself. But other than that, there is really no use for coinbase.

Don't bother using Huobi.pro. I haven't seen very positive reviews about it, and it's just not one of the major exchanges. Binance is definitely the best out there right now, and you're able to actually trade without any verification and withdraw up to 2 btc per day. However, there are no fiat pairs. So depends on what your exact needs are, really.

The actual prediction made by this guy is actually that bitcoin will be able to get up to $250k by 2022.

In my opinion, this is unlikely to happen. I simply don't see the same level of hype and bullishness that we saw in the last bull market transfer to the next one, even though institutional investors are definitely coming into the markets now.

There is still no reason for panic, though. Obviously prices are still falling at the moment, and I think that it'll take around 1-2 years to actually start a recovery. There is still more time to go for consolidation, but if you are patient, the bull market will come eventually. That's how the markets cycle.

Well, there is really nothing else you could expect from a bear market. Prices are going to consolidate and dip, until the bear market is over. I don't see how this is really anything of concern, since this happens in cycles all the time.

Also, I don't see how manipulation comes in this. Just because prices are dipping at the moment, doesn't mean that prices were or are being manipulated.

But yes, there is virtually no bullish sentiment in the market right now, which is precisely why the recovery isn't happening in the short run yet. But accumulation at these levels could prove to be extremely profitable for the long run.

Was it even the coinrail hack that really made all the differenc, though? Sure, it could have been a reason for prices going down a bit in the short term, but definitely not the root cause of why the decline has sustained for so long.

It's just a bear market. These bull and bear markets always happen in cycles, and obviously with 2017 being an extremely strong year in terms of price increases, it's no surprise that 2018's market sentiment turns bearish as a correction.

Anyways, I think that a price below $6k in the short run is expected, but I don't see why prices would all of a sudden be guaranteed to bounce back to $7.2k at this stage, especially if bitcoin does breach the support at $6k. Markets are going to be sluggish for sure, though.

No, there is nothing wrong with bitcoin, at all.

Prices are first of all usually pretty stagnant in a bear market, compared to in a bull market anyways. Plus, prices were and still are simply consolidating at this $6.5k-ish level before moving, which is pretty characteristic of any falling market encountering support or resistance (in this case, support).

I wouldn't expect any sort of bullishness right now. Prices are unlikely to get pumped overnight as some people may suggest. In fact, I believe that there will probably be further dips coming our way before prices hit rock bottom.

If you see any kind of message that is sent to you apparently from an exchange or big crypto organisation that promises monetary rewards for anything, you should question it and treat it as a scam.

You did the right thing in asking the community, because this was definitely an attempt to infect your computer. Ironically, apparently this virus is supposed to protect you against phishing/hacking


Most likely a shady crypto site somewhere that OP has signed up to leaked his email or are using it themselves to send these kind of scam content. That's why managing your email and not signing up to these shady sites is important. At least use a disposable email.

No idea which one exactly it is, could be Eobot, could be hashnest, or could be any other random scam that pops up all the time in the world of cloud mining.

The truth is that most of the cloud mining sites out there are extremely shady, and usually, they will not have any sort of viable long term profits to be made. The fact that they offer you your money back after your contract is up, either means that you're going to overpay for your contract (since you get to keep the principle), or more likely, they are running some sort of con, whether ponzi, or just a scam.

But even the ones that are legit aren't going to make you any money. You'd be lucky to break even based on experience.

These are not guaranteed rates, first of all.

Silver and gold move in cycles just like bitcoin does. And although they have been proven to be long term store of values, I don't think that you can say that they are going to be more safe in terms of short term stability compared to bank, just because it may move extremely fast as it is after all, a freely traded asset.

I do think that everyone should be diversifying themselves into precious metals, and crypto. Both of them are hedges against fiat inflation. It's also something tangible, that is solely owned by you, unlike fiat currency (which is itself issued infinitely by central banks) in the form of bank deposits.

Of course you're not guaranteed to buy at the most favourable price at a dip. That would mean that everyone would make endless and guaranteed profits, which is obviously not the reality here. The reality is that there will be multiple, if not tens of dips over the span of a bear market.

Buying the dip is obviously a good thing to do, but doesn't necessarily mean that you're going to turn a profit.

First, you need to make sure that you're buying at a low enough price. For instance, buying at the $15k dip would make no sense, even though it's still considered to be a "correction". But I do think that accumulating at $7k or below makes a lot of sense. If markets turn out to go down further, I think that buying using dollar cost averaging will be a good long term strategy if you're able to hold your position for a while.

I think that prices are most likely going to drop below $6000 during this stretch of bear market. We're not seeing any signs that a trend reversal is going to come in the near term, which is why I feel like prices have a lot more room to drop still, before it bottoms and consolidates.

We've actually went through the support at the $6700 level which was the level prices started to rally a little last time, which means that there is probably going to be a panic dump situation again. But the major level to watch is still $6.2k or so, as that was the low of the year.

But anyways, no guarantees that it'll dip below $6000 for more than 2 weeks consecutively, but I think it will.

I wouldn't say that it's the most optimistic prediction, since there is still a possibility at this moment that $6k would act as the effective support and prices would simply not go down under that level during the bear market. It's possible, but unlikely.

On the other hand, I think that a level below $5k is pretty likely based off the sentiment of the market at the moment, and the fact that bear markets usually last for around 1-2 years before the recovery starts happening.

I'd agree with the comparison between this bear market, and 2014's bear market as well. It seems sensible, and even though everyone knows that past performance isn't going to be exactly in line with the present, bull markets have basically always emerged close to the halving event, and lasts until around 1 year after the halving. Cycles of BTC price movement are likely to be built on top of that, imo.

There are defintiely going to be drawbacks to a cashless world in which centralised payment services dominate. Essentially means that both corporations and governments can track exactly what you're spending, and there would be no privacy whatsoever.

It's nice to see that Sweden is actually recognising these problems, and taking a step back. Of course, there are no guarantees that anything is going to be done with it.

Obviously though, it's not something that applies to everything that is cashless per se. Bitcoin would still offer the same amount of financial independence and privacy as cash does, which is oftentimes a good thing rather than anything bad. Furthermore, when you see centralised payment networks crash (just like VISA doing so and ripping customers a while back), you recognise the value decentralised forms of payment (cash is obviously still based on fiat, but it doesn't need a "server" to be up and running in order to work).

Again, it's just an idea that nobody really knows whether it's actually going to come into action or not.

Even if this is put in place and established, I really don't think that it'll be that positive at all. They're still driving businesses away from their country because of the fact htat taxes or so high, and purchasing bitcoin would instantly mean a cut is taken from by the government.

However, even though this is the case, I would definitely like to see the government of India clarify their position on bitcoin. Right now, pretty much only the RBI has spoken about restricting banks that they regulate. And that is going to come into effect very soon.

What is gold backed by?

It's not something that can be used in industry that much at all. Industrial demand for gold is pretty much nonexistent when you compare it to people using it for investment and storing value. Yet, people perceive gold as value itself sometimes.

If bitcoin or gold were controlled by a central bank, it would not be valuable at all intrinsically. Bitcoin is valuable because it's not manipulated by any central organisation or entity, including a central bank.

The fact that bitcoin is the agreed protocol on which people transact and store value, and that it can't just be depreciated by printing more of it, means that it's valuable. It doesn't need to be backed by anything, just like gold.

Well, 6 months is definitely a long time. But this is exactly what everyone expects by this point from yobit, which has been historically extremely crappy with all of their clients. I did some research and found that at least some people have the same issue as you, 5 months back: https://www.reddit.com/r/coinmagi/comments/7px3vl/yobit_exchange_xmg_wallet_maintenance/

There is nothing wrong with your deposit (if you can verify that your deposit address is correct), since there has been tons of confirmations already.

Don't bother PM'ing yobit, they will just ignore you.

I honestly don't know what else you should do other than just play the waiting game. I'd actually consider my coins gone by this stage, simply because yobit's support is one of the most unresponsive ones out there. But you should keep bumping your old tickets, and write new ones, just to hopefully remind them. After all, they do hold your coins in one of their addresses, that they own.