I transferered BANCA tokens to HITBTC to sell, got around 7 ether out of it. Then tried to withdraw which didn't work. Created ticket and they asked for KYC/AML. Provided all documents but they keep coming back with this message
"Could you please describe all process of receiving BANCA funds? We kindly ask you to provide us with full-display screenshots of each step of your report."
What the hell does that mean? Process of receiving BANCA funds?
It's routine for them to ask you for the specific sources of your funds on HitBTC. If you did a search, you would have found hundreds of other cases pretty much the same as yours. They keep on asking questions about the origins of your funds, your verification documents, all sorts of stuff. Sometimes even if you make yourself clear, they make you resubmit your account. So if you're looking to use HitBTC, be prepared for these types of interrogations. It's a crazy process to go through, and a reason why I would never use HitBTC myself. |
|
|
|
People who brought Bitcoin at $50 or $100 or $400, they will sell at $1,000 or $5,000 or $10,000 to be a millionaire. If they do not sell Bitcoin and bitcoin goes back to $2,000 ot $1,000, they will lose their millions ($$$$$)
That makes absolutely 0 sense. There is a reason why prices are much higher right now compared to the stage where bitcoin prices were literally dirt cheap, and that is because of the adoption that has multiplied infinitely during that time, thus increasing demand. There is only a limited supply of bitcoin, and an increasing demand for BTC. And even though, right now, bitcoin is in a bear market, there is absolutely no way that it's going to go down to $400. A lot of earlier adopters have already sold their bitcoins as well, so your theory doesn't really make sense. But the vast majority of investors are actually holding onto their coins for the long term, instead of actively trading on the market all the time. |
|
|
|
My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.
In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.
So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.
I believe that bitcoin dominance is currently massive undervalued. It's almost like the gold:silver ratio right now, just like silver is massive undervalued compared to gold, bitcoin is undervalued compared to the rest of the crypto market. A lot of people are flooding to new projects with absolutely no understanding of what they are practically going to address. And most of these newer projects are going to be replaced with even newer ones in the future, while bitcoin remains the only real long term asset in crypto. BTC isn't going anywhere in the long run. In fact, it'll be the best long term crypto to hold, and history has demonstrated that. The fact that bitcoin is the most widely adopted, practically used, and simply the first crypto to exist, means that it's intrinsically more valuable, and trusted by many more people. I think bitcoin dominance in the long run should probably belong at least in the 60-80% region, which right now, isn't even 40% which is ridiculous. |
|
|
|
Bitcoin still on bearish trend. Until it cross 8900$ for me still bearish trend. Up to where it will go down no one can say exactly. Might be down up to 7500$ to 7K. But if cross 8900$ then Bitcoin will bullish trend and price will increase rapidly and recover itself.
Imho, even if bitcoin crosses $8.9k, it wouln't convince me that we're in a bullish trend. We have seen that the $10k level is extremely strong as resistance. That is probably not going to change as fact any time soon. It honestly depends when we cross that $8.9k level, if it's after months of consolidation, and bitcoin made its way up from a new bottom, then it could have a high likelihood of the start of the recovery towards the next bull market. However, if it's just a bounce from the $8k level, it's probably temporary. But right now, bitcoin is quite bearish, or at least I don't see any major upward momentum that is going to come until nearing the end of this quarter of the year. We could go down to even test the $6k support, during this correction. |
|
|
|
Hello,
Anyone know about Eaglebit Trade and if it is safe to invest with?
If you are talking about eaglebittrade.com, then it's a big no. This one can be a bit less obvious than usual scams, because they actually don't offer the telltale 'investment plans' that most HYIP/ponzi schemes offer. But still, they say that they are able to achieve high levels of profitability on your investments without actually telling you how they do it apart from a generic and vague "crypto trading" cover story. These are best to be avoided. I have not seen any crypto investment site be completely legit, that promises high returns as well. Besides, their company structure is literally a pyramid scheme. |
|
|
|
i still find this the strangest thing to be created and exist and be used by that many people! (i am trying not to call it dumb move...) this is a bitcoin vault, and held by a third party! one of the first thing that anyone who enters bitcoin space hears is that you will no longer need any third parties to store, spend, receive money anymore. all i say is that as long as i can store this 5X5hh9iZRWu2FCUAOgv86gD9a+4dZjSxugNILM6Fxz8KfsmmTb0pahPb/QeIQ2J15Y+2TXpnEx7QXoerUfMRqg==
and remember the password used to create it, i have no need of such "vaults" and third parties and the additional risks! in case you are wondering that is the AES-256 encryption of the private key from wiki with a 16 char long password. for all anyone knows that is just a random text without a meaning but it can contain millions of dollars worth of bitcoin which i and only i can access. Exactly. I don't know what to feel about this. One the one hand, I see a lot of wealthy people investing in bitcoin, and seemingly for the long term which obviously means that the active supply on the market is decreased drastically, and also shows even the wealthy has a lot of confidence in bitcoin as a store of value. Otherwise, they would not be interested in it at all. But on the other hand, I don't see why people still trust third parties to hold their private keys... It's probably completely unnecessary anyways. There is more risk in Xapo or an authority gaining access to your coins without your consent, then a hacker actually infiltrating it. These big investors really should rethink their storage strategies. |
|
|
|
Proof:https://imgur.com/a/ZC55EYQ
He send me same paypal id in private message so moderator (admin) can easy check this and ban him if it's possible.
I resend you pp... Please explain why you can't just send the Bitcoin instead? Or, why you didn't simply fulfill the terms of the trade, or your promise that you would send the necessary amount of bitcoins to the seller within 10 minutes as you promised? Even if OP confirms that you sent back his PP funds, it's still extremely untrustworthy behaviour. You simply never initiate a trade which you don't intend to pay for asap, it's that simple. And it took you until OP filed a scam accusation to actually do something about it. BTW, you should probably refund instead of "resend" the PP funds, as if you send it to OP, there is the concern for chargebacks. |
|
|
|
BERLIN (Reuters) - German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost. “Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days,” Albrecht told Reuters TV in his office in Berlin’s fashionable neighborhood Prenzlauer Berg. “With Bitbond, payments work independently of where customers are. Via internet it is very, very quick and the fees are low.” Clients hold the loans in digital tokens like Bitcoin only for seconds or minutes until they are exchanged back into the currency of the country where they wish to receive the funds, avoiding the crypto currencies fluctuating exchange rates. Bitcoin has been used as collateral for loans, but never as a way of transferring credit in currency internationally. Albrecht’s service has been growing in popularity among clients since he launched the company in 2013. His office employs 24 people from 12 countries who manage loans for 100 clients amounting to around $1 million each month. Most clients are small business owners or freelance workers, Albrecht says. Loans are relatively small and don’t exceed 50,000 dollars. In 2016, Bitbond was officially licensed as a bank and has gained many investors since. Adoption of Bitcoin has been rapid in Germany. It trails only the U.S., according to Bitnodes, which tracks the location of all the Bitcoin nodes that transmit data about new transactions. https://www.reuters.com/article/us-germany-bitcoin/german-online-bank-uses-bitcoins-to-transfer-loans-idUSKBN1ID07YOne area bitcoin hasn't enjoyed much utilization is in loan markets. Many bitcoin loan based start ups had difficulties with lack of support in terms of collateral, background checks, creditchex and similar systems utilized by banks to streamline the loan process and make them more reliable. Looks like this small german bank has stepped in to fill the vacuum and it appears to be enjoying success. Hopefully this will be an indication of future progress with crypto based loans and we'll see other start ups embrace this trend by offering greater support for this. It is possible their loan process carries a lot of scrutiny and it may be doubtful that crypto based loans will ever rival fiat loans in terms of convenience, rapid deployment or ease of use. As crypto loans become more prevalent we could see better frameworks and solutions to issues which have plagued the industry in the past and so perhaps this is a sign progress will be made. I think that bitcoin loans make sense if it's cross border. If it's domestic, then it's more likely that fiat loans will still be used as long as the fiat banking system is still in existence, because it's just easier to sort out collateral, and the agreements f2f right now. But the benefits of using bitcoin in funding international loans are obvious. People with their economy in a state of collapse can get a loan this way from an online bank, using bitcoin as currency, if they are not able to get what they want from their banks. Plus, there is minimal fees and spreads compared foreign currency exchange, and settles instantly. The opportunities are really for the new companies to dig out right now. |
|
|
|
|
Paypal has been historically pretty anti-bitcoin, which is a big reason why I think its growth will continue to slip down in the coming years. Square cash on the other hand is definitely going to get a pretty sizable boost from its bitcoin trading platform.
I believe that in the future, the payment processing and remittance companies will see that if they are in support of bitcoin in the past, they would benefit drastically. And it wouldn't just be payment remittance, it could be any company in general.
Bitcoin is the currency of the future, imo. And companies which support it will reap the rewards, as bitcoin itself gains more adoption. Banking services right now may even shift to serving the crypto sector as well.
|
|
|
|
|
How does people putting money into bitcoin, either for trading purposes, or for a long term investment in order to store their wealth, help out fiat currency a single bit? If bitcoin actually goes mainstream, then it would actually mean that a lot of the reasons why people use fiat (mostly because it's their only choice) are now non-existent, and that would mean that bitcoin would pose as a legitimate globally accepted form of money.
The money that is invested into crypto now, doesn't come from nowhere. It comes from other investments, or just fiat currency itself.
Plus, your theory doesn't really make sense, since injecting wealth into the economy to cure inflation simply doesn't work, or perhaps I'm misunderstanding. Either way, I don't really get how something that is genuinely potentially going to be an alternative, if not a popular replacement of fiat is going to help it at all in the long term.
|
|
|
|
Hello guys,
Kinda strange problem... i withdrew 0.5btc from my gate.io btc wallet to my bibox btc wallet. So 0.5btc went off my account, but it never arrived. So i checked my transaction history, but no transfer id was available. I used a block explorer and checked out the btc wallet adress, and still no transaction appeared. So 0.5btc is gone, but i have no proof of this. Now later i discovered you can check billing details on gate.io, and i do see the withdrawal and fee for the transaction. How can this be possible? Is my btc lodt? I have sent a ticket to support, but am aware it will take a long time IF they respond...
Thanks in advance
Jan
If you are sure that you withdrew that 0.5 BTC, and it did deduct 0.5 BTC from your account and does appear in your withdrawal history, but there's nothing on the blockchain, then it's definitely that Gate.io hasn't sent your transaction yet. Especially if there is no transaction ID available, that's probably a sign that they are still processing it. It's got nothing to do with Bibox, and everything to do with Gate.io. I haven't used it previously, but if it does have an email confirmation for withdrawals, have you clicked on that yet? They actually claim on gate.io that they have instant withdrawals on their front page, which is a bit ironic if this is what OP experienced. Unfortunately, you do need support to respond to you in this case, since they are the only ones with access to their payment wallets. |
|
|
|
hello guys, passed 4 days and i'm still waiting for one moderator, with my 100 usd blocked...
this is the answer from they client support:
Hi this is Mitch!
Thank you for getting in touch.
We ask for your patience as we review. Please note for disputes we are currently backed up and may take up to a week as our moderators work on the queue.
Please wait and we will definitely update you about this here. Thank you.
Dispute awarded to deplumas
May 20th 2018 1:19 AM
after 5 days.. one moderator finally arrived.
There you go... I have to say that I'm definitely not impressed with their efficiency, though. I believe that most people have had their disputes resolved within a day in the past, which is part of the reason why they were a popular alternative to localbitcoins. Perhaps this is caused by the recent LBC announcement that they will have to request traders to get verified once they hit a certain limit, and that caused some traders to ditch LBC altogether for Paxful, which is causing this backlog. But who knows, 5 days for a simple dispute is still unacceptable. BTW, wasn't there two disputes that you were involved with? What's the status on the other one? |
|
|
|
Hello I got scammed at www.yobit.net. When I logged in today, I found my BTC wallet, ETH wallet empty. Besides this my Liza investbox was closed also. First I did not understand and then I frantically started looking in orders history and other places. I noticed that on YobiCodes I saw entries that tracked that somehow my BTC balance and ETH balance were used to create YobiCodes entries. My entire 2.14 BTC and 1.42 ETH balance was showing negative transaction for some YobiCodes creation. After research on online focum I checked the YobiCodes link under my user name and found that there was certain codes that were activated for my ETH and BTC balance. I came to understand that this activation means that my cryptos are gone and someone else has claimed my coins. This is ridiculous and I am not sure how to resolve this. I have sent support request to Yobit but have not got answers. Has anyone encountered this and is there a way to get your cryptos back. I have no idea how the YobiCodes work and I never initiated any transaction. Hence it is strange that suddenly my coins are gone Please help Thanks and regards Unfortunately, I'd probably say that the chances of you getting your funds back at this stage is extremely slim. Either there is a hack into your account, with someone generating a Yobicode after liquidating all your assets and investments within your yobit account, or it may have possibly been an inside job given the amount of times this has happened (though you have absolutely no proof that it's actually something that yobit has done). You could ask yobit support about who redeemed the yobicodes, and that you are provided with their personal info, so that you have a chance to track him down. However, that is unlikely with the privacy implications, and yobit support's general unresponsive nature. I genuinely feel sorry for your loss, but it's probably best to not expect any sum of money to be returned. Yobit is a shady exchange that is filled with issues, probably isn't fully licensed, and has a ton of risks to use. Besides, you just never store that much money on an exchange at one time. Hopefully you take that into account in the future. |
|
|
|
If mass adoption does happen, then we'll simply see banking services shift towards catering for bitcoin. Even p2p lending that is happening right now is a form of credit, and it's impossible to actually eradicate "credit" or "debt" itself. i don't know why people always think it is "live or die" situation when bitcoin is involved! there is a lot of middle ground here. bitcoin can become big while banks are still as big as they are. it doesn't have to replace anything and it doesn't have to die trying.
you say loans, that is just a service. if there is demand for loans in a world with bitcoin in it then banks or other institutes will start giving bitcoin loans!
Exactly. Institutions will continue to exist, and it would be absurd to think that they will disappear solely because bitcoin and other cryptos are now a thing. Lending will still be a thing as well. It's just the currency that's different. Bitcoin can coexist with the traditional banking system, and serve as an major alternative for people to store their wealth and transact on. |
|
|
|
|
While I agree that bitcoin will most likely never be able to truly replace fiat currencies, the reason isn't that it's incapable of. Bitcoin is perfectly capable of facilitating real life transactions, as well as online.
The government will want to retain control over the economy, whether that's for good or for bad, for as long as they are in power. And that means the usage of some sort of centrally issued fiat currency.
They could potentially even issue fiat based on crypto, like the Petro. It's hard to see a completely community based overhaul of the monetary system, although not impossible. But bitcoin will be an independent on its own, and even if it doesn't take over fiat per se, it is able to serve as an independent store of value, and a hedge against fiat depreciation imho.
|
|
|
|
|
That's what I'm thinking as well.
A lot of people have been saying that bitcoin will make its all time high in this year, which to me is just not possible. Bitcoin has had an extremely strong growth year last year, and as part of the cycle, this year will simply be mostly consolidating without much upwards momentum.
Bitcoin is not some kind of magical investment. It's a currency, and an asset. And any currency/asset will have its cycles, including bitcoin. If you observe carefully, usually bitcoin moves upwards in value drastically a year or so after halving, and then the bull market cools down after a few months to a year which is where we are right now. As I said, BTC's value has been cyclic in nature so far, and will probably continue to repeat its cycles.
|
|
|
|
|
Regulation is something that we're seeing on a massive scale right now. And you're right that it's something global, not just one country is doing it, but every single country has been tightening up on their regulations due to the 2017 bull market.
This is something that can't be prevented. Regulators will do this sooner or later, and right now, it's happening.
However, is it really going to affect bitcoin itself that much? Opening and operating exchanges may be harder, and trading fiat/BTC pairs will be too, but that's about it. The regulations aren't really about bitcoin itself, but rather about bitcoin third party services.
|
|
|
|
What do ya think. Bitcoin straddled 8000 last night but failed to break down further, now it's made a couple $100 jumps up today. Have we seen <$8000 for the last time? Are we heading back to challenge $10k by the end of the month?
Nah, probably not yet. Corrections like this rarely take such a short period of time to consolidate and recover, and I don't think that this one is much different. We're still not seeing a lot of bullish sentiment in the market, and another rally straight after the dip within a week or two doesn't seem likely to me. There could be a bounce from the $8k level back up to $9k+, but even then, it's hard to see bitcoin break the $10k level by the end of the month. The recovery is more likely going to come in the latter part of Q3 or Q4, right now, we're still consolidating. |
|
|
|
|
I honestly can't tell if some people are being sarcastic on this thread, or legitimately requesting to do bounty work. Lol
|
|
|
|
I suspect on some level, the message of Bill Gates, Warren Buffett and other bitcoin haters is coordinated. Their stance resembles a unified front. People typically do not have opinions or views which are as identical as what Gates, Warren B and others are saying, unless political agendas are present. I would guess the last thing btc haters want is for the public to become educated or informed on crypto currencies and so on some level they agreed to divulge zero information on crypto, including whether coins have limited or infinite supply.
Absolutely. It's too much of a coincidence for me that Bill Gates, Munger, and Buffett all presented their points on bitcoin at the same time, and just coincidentally they were all completely negative stances on bitcoin. So if they were connected by some way or another, I would not be surprised whatsoever. Buffett even goes to say that bitcoin is not an investment, which is completely absurd. They seem to be trying too hard to discredit bitcoin completely right now, and with Buffett's influence, can definitely influence a lot of prospective investors. |
|
|
|
|
Show Posts
