Anyone ever tried to convince Hashflare, that their BTC (both SHA256 and Scrypt) calculations are misleading - not to say fraud - they really think that showing payout and estimate calculations including the maintenance fee is correct :-( Had several discussion with them, but all support workers seem to be dumb. So be carefull when reading the numbers - you always have to MANUALLY subtract the maintenance fee from daily payout and estimate earnings !! Would be an easy task for Hashflare to do that automatically, but for clear reasons they are not willing to understand the mistake. Higher numbers definitely look better, but actually they are not that high !!!
Do you mean the estimated numbers when you are actually logged in, and investing, right? Because I couldn't actually find anything on their front page regarding a profit calculator. It could have been recently removed, however. It's very likely that any estimated profit figures, whether when presented to investors or visitors be biased and inaccurate, in order to provide the illusion that they are profitable. Obviously, they are not. History has demonstrated that. It's not just hashflare, but every single cloud mining. Every single cloud mining site with estimated profit calculators that provide unrealistic or false profit forecasts are shady and should be avoided. |
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It's quite an obvious one.
If you click on the link that is included inside the email, you will be directed to a website that is obviously an imposter of myetherwallet.com. This phishing site asks you for your private keys to claim an airdrop, which is something that never happens with legitimate sites.
You should always verify the legitimacy of any "free money" schemes, whether airdrops, giveaways, or investment opportunities. Also, make sure that you look out for phishing emails sent from obviously false email addresses. If you use your common sense, these can be easily avoided.
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Is time to stop assuming the price is about to hit the floor for the bear market... we may or not go lower, what you should be doing is dollar cost averaging.
Personally I think $6500 ish range is a potential floor. After that, around $4900 would be it, I believe that is an ideal buy entry to go all in.
Worst case scenario is testing the (never re-tested) $1300 MtGox peak... it would suck but at the same time it would be a steal and I wouldn't doubt to sell my car to buy BTC at such ridiculous prices. We'll find out during the summer.
Exactly, this is what I'm thinking as well. Instead of trying to find the floor, or the bottom, which will never be accurately predicted even by the so called experts because of the irrational nature of players within the market, start accumulating now. The one piece of information that we have is that we are close to the bottom already, there is very little room to move down even if $6k support doesn't hold because of the buyers at levels any lower than those. I think we're in the range for accumulation after today's dump which took prices down 10% or so. You don't know where the bottom is at, as I said, so start dollar cost averaging and buying, instead of speculating on what is actually the lowest point. $10k seems unlikely right now since $8k support was broken, at least not this month or most likely even the next. |
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Anyone calling the bottom? I can see this hitting 6500-7000 before reversing back to 9-10k, at this point I'm not sure if selling and re-buying on the following dip is best or if this will rally well past 10k. getting antsy but being patient and adding on where I can.
I wouldn't really sell right now because prices are already so low. We're within $1k of the previous bottom of $6k, so it doesn't really make much sense to sell off now. Even if you time your trade perfectly, you probably wouldn't be able to make that much of a profit for the risk that you're taking. I personally can see that we may go lower than $6k this time round, as the $6k support will get tested, and will potentially be broken as it is most likely not as strong as last time. So being conservative, I'd say expect the floor to be anywhere around $4.5k-6k, which isn't that much lower than the current prices. But it could take some time and dips to get there, with adjustments along the way. |
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Yes. Based on two reasons.
1. Bitcoin is still a relatively new as a piece of technology, and also as a currency. Adoption is going to continue to go up in the future, and therefore demand is going to go up as well in the long run for bitcoin. Institutional investors are only getting in right now, and there is still a relatively lack of education on the subject of crypto and bitcoin.
2. Bitcoin is currently in a bear market, meaning that entry prices are cheaper than back in 2017. We're also nearing the bottom, meaning that the the room for growth in the medium term can be extremely high.
I would suggest putting away a certain percentage of your portfolio into bitcoin, not only as diversification, but a long term store of value or potentially even profit earner. But don't expect it to be a risk free investment that always goes up.
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Hello guys, In 2017, Bitcoin’s price soared from 1,000 usd to just under 20,000 usd before dropping down to around 13,000 usd at the end of the year. Since then, its value has risen and dropped sporadically from day to day. now its around 8,300 usd. So what may cause this drastic change of bitcoin value ?
The main reason for bitcoin being so volatile at that time is simply because of the fact that it was in an extremely bullish market, then the market sentiment simply went completely bearish, meaning that prices dropped significantly. This is natural for any asset, including bitcoin. The period in between bull and bear markets have actually gotten a lot less volatile and extremely stable. Of course, there are other reasons, such as the fact that there is no one regulating the price of bitcoin since it is decentralised and traded on the open market, as well as the fact that we're still in the early adopter stage mainly. Volatility can actually be a good thing, don't view it as something that will necessarily hinder the growth of BTC at all. |
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Schiff doesn't appear aware of past historical precedents where tax revenues increased off of tax cuts.
I'll admit I may not watch this video, but I'll comment here anyway. Schiff is an overrated figure who, if I recall correctly, is a gold & silver permabull--and I am skeptical of his motives there. The permabull metals crowd always makes me cringe, because they've been saying the same thing over and over for many years now and meanwhile the market for precious metals has flatlined. Most people who aren't wealthy don't need metals to hedge against inflation, and since 2011 or so, gold & silver are lousy investments. You would have done MUCH better investing in bitcoin. I won't argue that Schiff is a successful investor and must know something about markets, but his position on metals seems to be extremely irrational. Hydrogen's quote above doesn't surprise me in the least, because Schiff seems like a man who's a bit blinded by some things. The fact is that people like him have been squawking about how bad the economy is and how much debt the US has, and how worthless fiat is--and yet we have yet to crash, and the economy as of 2018 is much, much better than it has been since 2008. Could the USD crash and send the economy spinning on its head? Yes. But I've been hearing this for years now and have come to believe that's it's a marketing ploy designed to sell metals to suckers who like to be scared. Schiff and those folks play on that fear. The economy based on fiat currencies can and eventually will collapse, or fiat could depreciate a lot in value. However, Schiff and Maloney's views are extremely exaggerated and as you said, are perma-bulls that do not care about market cycles at all. If gold goes up, he'll continue to tell you to buy. If gold goes down, he'll continue to tell you to buy. And how does he profit from all this? He owns a PM dealer site, just like Maloney, and selling more PM by injecting fear obviously means better sales for himself. That doesn't mean that silver is a bad bet, in fact, I think it is a good one to make right now. But it's not foolproof or failsafe. Same thing goes with the economy, it has issues, but there are no signs that it's going down as fast as these people claim. |
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here we are again! they are just apologizing again for taking my money! A “sorry” for 5000 US$ - isn't it a really “overpriced service”? I provided a swift-receipt from my bank, proving the fact, that the transfer was made on their account. But CEX.IO answered that they didn't get any money and just closed my ticket like the problem is solved!
Well, I really don't see a reason why it's delayed if you have a receipt for the transfer. Hello to everyone!
On 19 February I registered an account on the website of the cryptocurrency stock exchange CEX.io ( ID# up118741364). On 21 February I bankwired US$5000,9 to my CEX.io-account and since then the operation is still “pending” (for 74 days already!!!). The support service answered to all my letters (ticket 709424) with common phrases «We will do our best to find the solution», «We kindly ask you to understand that it may take some time», but they didn't provide any proofs that they did anything regarding to my problem. As I see now a lot of people have the same issues with CEX (, so I suppose the company just stole my money.
I filed a complaint with the police of London (National Crime Reference Number: NFRC180502324555) and I'll file a suit against them.
Dear Alexvombat6, I do totally understand how stressful and tiresome this situation is for you. But I can tell for sure that our Finance team is working on your case and we do remember about you and your issue has a high priority. I would like to emphasize that CEX.IO doesn’t use its own bank accounts. Instead, we are using the services of licensed financial institutions, which have their own internal procedures. And such issues happen from their side but we do our best to cooperate with them in order to solve it. Therefore, it is taking that long. But be sure we won't give up on your case, until you receive your funds. Please accept our apologies for all the inconveniences caused. You guys have really been having issues with pretty much all fiat transactions, whether deposits or withdrawals, since the end of last year. I understand that you guys may be using a third party to receive and send these transactions, but when these problems are so persistent, you guys hold responsibility for it as well. After all, users deal with you and expect you to deliver on a timely basis. They don't deal with the third party, or even know what that financial institution is. Find a new payment processor, or even disable fiat deposits/withdrawals altogether, if necessary. At least that way no one is disappointed further about your service. |
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The price of bitcoin is going down and it has crashed whole market. There is almost 10% decrease in price in last 24 hours and still going down. What is your opinion about this decline?? Will it be going more down towards 6000$ or it will stop at 7000$.
I think that there is going to be a bounce before prices actually settle under $7k, as there is still support to some degree at the $7k level. However, as I've stated before even in the midst of the rally, we're still quite bearish. With this correction, I do expect us to go down to the former support of $6.8k eventually, potentially even lower before the recovery takes place. Even though I'm not optimistic in the short term, doesn't mean that it means the same thing for the long term. Long term, I'm still bullish on bitcoin, and this huge fall just means more opportunity to accumulate cheap coins, imho. Do some dollar cost averaging, and buy at regular intervals. You never know when it's going to bottom, no point trying to time it perfectly. |
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I can speak from experience that both Wechat pay and Alipay are basically accepted everywhere within mainland China. Even overseas, there are merchants that accept both of these payment methods. Even bank cards are becoming obsolete as a result of the convenience of scanning a QR code to pay, even for groceries.
The massive rate of adoption is just unseen anywhere else, and it's really interesting to see that western counterparts such as Paypal, or Apple Pay, have ever made.
One of the reasons is probably the fact that Wechat/Alipay are both irreversible, while paypal is completely reversible. Also their marketing campaigns with Chinese red packets really boosted early adoption as well.
It'll be interesting to see development of third party payment processors in the future outside of China. They'll be a major threat to the traditional banking system, alongside cryptos. It'll be interesting to see the battle between them.
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So HumberBaccarat posted this post: https://bitcointalk.org/index.php?topic=1199671.msg37827097#msg37827097 with the skype account mentioned in the OP as his contact method. And at least skrillexlegit has used the same skype. The connection here is pretty clear, and he's still using the same tactic of posing as a digital goods seller most likely to scam others given his shady past with his numerous alt accounts. At any rate, this person isn't to be trusted with anything because his known alts have been tagged for scams/shady behaviour. Really good catch, OP. |
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Site looks alright, however, I'd take away the animations from the background as it is a bit distracting at least for me.
I understand that you guys offer a similar service to changelly. Do you have any significant advantages compared to them or even Shapshift.io? Apart from having more coins listed than perhaps Shapeshift, I really don't see a reason to use you guys atm.
Besides, it's hard for people to trust you when you're new to the community, and even if you offer limitless exchanges, not a lot of people will trust you.
Also, what are your site's policies on KYC? Is it completely KYC-free?
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What are the advantages of bitcoin being centralised at all?
If that was ever to become reality, then bitcoin would just be another incarnation of fiat currency controlled by a central entity, most likely a government. Isn't this what we're trying to work away from with bitcoin as a currency? It simply does not make any sense to me to revert back to the old, centralised system, when you have a working decentralised system.
The only thing why people are worried about bitcoin being decentralised is its volatility, and some argue that a central bank is needed to keep it stable. However, I think volatility is a complete non-issue. Gold was volatile. Silver was volatile. Yet people still used them as currency, with no issues. As long as it is a long term store of value ( which fiat isn't), then it's something good. And bitcoin is that at this moment, being decentralised.
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Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again. The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin. Maybe the false hype from Fundstrats merry pranksters caused a run up leading to the conference which could only fall apart once the big week arrived. It feels like every thing Tom Lee touches turns to fiat, at least he's consistent. Honestly, the impact on price that these specific events hold on bitcoin pricing is extremely overrated. Just like the time when Tom Lee said something similar about Tax Day. Even though there the price of BTC may change in the positive direction on that particular day, it may be completely due to something else, or simply due to hype that will last very few days. I didn't see much that would have come into fruition just because a major conference is held, without any prior knowledge of what would happen during the conference. If major news came out of it, then yeah, prices can be positively impacted, but again, only temporarily. I wonder if Tom Lee is going long on bitcoin on margin, then using his public voice to hype up the markets in order to gain rewards. Just like how the opposite happens with shorters. |
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Just letting everyone know that Hitbtc should be avoided till their support improves or they pull a gox. Made an account to move a a position into btc, did $5k to try it, it worked then did 20 btc worth after not seeing any threads warning and the no kyc and no limits. After trading and trying to withdraw the btc the tx got stuck, after 24h submitted a support ticket and all i got was wanting kyc. Seems others have been told the same lately and support delaying replies and wanting more kyc than any other exchange. Might have been hacked and doing this to get back funds.
It's definitely not just you. Recently, a lot of withdrawals have been held up this way. While HitBTC claims that it is simply for the protection of the community, I don't think this is necessarily an ethical thing to do at all. There were no warnings on the site when you deposit that you would be subject to limits without KYC, let alone the level of KYC that they require which essentially means that you have to hand over all the sources of your funds, and every certificate and document possible. It's outrageous, their support is slow, and it's concerning as a user. And it also comes without any warning, this stuff only happens wehn you withdraw, never before you deposit. That is shady. I would avoid them, just to be clear. There are no clear advantages of using them and a ton of risks. |
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User Markz ( https://bitcointalk.org/index.php?action=profile;u=864864) advertises freesmsverifications.com in their sig. So there is no question about the connection there. As SFR10 states, I would also ask for some more clarification of the relationship between the skype user which contacted you, and Markz/owner of freesmsverifications. Because as far as I can tell, there isn't a skype listed on the site. If you don't provide proof of that connection, there is nothing we can do. Apart from that, it's just a really classic scam. These kinds of "I'll offer you a service if you pay first", then refusing to refund or replace kind of stuff has been going on for ages on this forum and off this forum. That's why escrow is so important, for your own sake. Next time you make a deal of anything over $100, use escrow. Let alone sending $10k first to that guy, you're lucky that you even got some faulty numbers. |
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Bitcoin isn't make believe money, nor is it going away anytime soon.
Worst case scenario is that bitcoin crashes hard, which has already happened. And even that is a part of the natural price cycle of bitcoin, in which bitcoin's price moves up in bull markets and moves down in bear markets. This has always happened, and right now, we're in a bear market coming off a strong rally of 2017.
Prices will recover, but that's not even important.
You referring to bitcoin as make believe toy money is just a sign of not doing your research, imho. Bitcoin offers a ton of advantages over fiat, and that's where its value comes from. In fact, if anything, fiat is the real "make believe" money, as it is completely centralised.
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I've used Bitify to buy various goods in the past (mostly gift cards)-snip-
using that site involves risk, I do not mean scammers but buying stolen cards. There have been many reports about selling Stolen gift cards from that site -----> https://coinjournal.net/bitify-now-looks-like-a-darkweb-marketplace/The risk is not to accept these cards, but when you use these cards and shipping to your address, you expose yourself to the real danger. I don't talk about cointrade, but I speak in general terms.
This is probably the most secure/acceptable solution. I will try it. Yes, Bitify is extremely high risk and even though there is escrow implemented on that site, it doesn't protect you from buying carded AGCs, which floods the marketplace there. Stolen cards are common theme in these p2p marketplaces, whether LBC, Paxful, or Bitify. I would suggest not using them for your own good, you don't want someone coming up knocking because you are accused of using a stolen gift card to make purchases. Same with purse.io, I would only use with low amount purchases with reasonable discount %'s, because most people who are able to offer such big discounts on purchases use carded AGCs to make the order. I've used Copay in the past, and have indeed seen its function of buying AGCs. It is safe, and seems to be the safest way so far to cash out your BTC directly to an Amazon purchase, apart from just selling for fiat. |
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It's important to note the fact that bitcoin's network itself can't actually be forced to implement KYC. The third party providers here are the ones that are being forced to implement KYC for its customers, not the bitcoin network itself.
You can still use bitcoin without any form of ID, and that's really the point. There will always be individual traders around locally, or online, if buying from a regulated exchange means draconian KYC measures for you.
Anyways, the level of KYC being conducted is really a big concern right now. But this comes with adoption, governments will inevitably force strict verification onto exchanges. To me, it doesn't bring anything positive, but can't really be avoided.
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I don't see any point of limiting pages these to logged-in users. It would help immensely with archiving data: there have been many a time where I've wanted to archive merit history for busting users that are trading/selling/abusing. Same thing with trust pages.
I honestly think that having at least some sort of warning system, if not DT2 trust scores shown to visitors makes some sense. Of course, I also understand that trust is relative, etc. But the main mode of determining who is trustworthy, and who is not, is usually determined by trust scores. People without an account can't see those scores. With the amount of scams in the digital goods section that involves autobuy links that has locked threads that disallow any comments, or people leaving a skype/email as contact. Outsiders can easily fall for these types of scams, despite the sticky put up in that specific section. I think that the showing of merits to unregistered people makes sense as well, and hopefully that can be implemented. |
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