What you're suggesting is probably never going to happen.

The worldwide regulation of bitcoin may occur, and in fact, the process is already starting to get underway. However, the worldwide ban of bitcoin is simply something that will never happen. It'll cause public outrage, and will be completely ineffective.

For as long as people see a reason to use bitcoin, and there always will be as long as fiat is still in existence, bitcoin will survive. Bitcoin is decentralised. People will simply trade peer to peer instead of on regulated exchanges, just as we see in countries with exchange bans already. But again, these are very extremely circumstances that will never happen.

I mean, I don't see a reason why bitcoin can't thrive while being volatile. Volatility is something subjective. You may perceive fiat as being stable, but in fact, in the long term, fiat currencies all inevitably go to zero.

And to me, I'd rather hold bitcoin, which may be volatile in the short run, than fiat.

It would be redundant to have bitcoin at all if there was a central bank manipulating the supply and demand of bitcoin, since that is what bitcoin is built to combat in the first place.

I think that as markets mature, and bitcoin's use as a method of payment between traders outweighs the speculative parts of it, it'll become naturally less volatile. That's that simple.

I searched it up as well and it came up with 'no matching results' in the syscoin blockchain explorer. Either they provided you with a fake transaction ID altogether, or they have potentially signed the transaction but hasn't broadcasted it yet. But either way, it's taking way too long.

You can simply never expect yobit to be competent with their support in these scenarios.

They will never give you a satisfactory response, or any response at all. And the delays are absolutely terrible as well. It's not just syscoin either, it's a whole lot of withdrawals that are being held up by their system. If you do get your money, please don't return to trading at yobit. It's a terrible exchange to use.

The problem is that you don't know when they are going to update their terms and conditions again, to say that you are not allowed to withdraw anymore without verification. They potentially won't even give you a warning for that. This isn't going to be the final version of their KYC standards, it's going to get harsher than that.

If you do provide your ID, you don't know what they are going to do with it. They could report it to the government, without you knowing. They could analyse your trades and whatnot. No way they're going to be transparent with this process.

Also, even semi-anonymous exchanges are a huge hassle for actual anonymous traders with large volumes, who want to trade without providing ID.

I personally differ from your definition of what accumulation stage is.

I think that what is meant by OP by "accumulation stage" is a period of time where bitcoin prices are underappreciated and undervalued, and as a result, should be a good time to accumulate at lower prices despite markets being sluggish.

Whilst I agree that Q4 is going to be pretty interesting, as that would probably be the start of a major market recovery for bitcoin, that's not the best time to accumulate. Anything near the $6.6k bottom or below, probably is.

There are virtually no anonymous bitcoin debit cards right now, so when you see these kind of sites offering you anonymous, prepaid solutions, you should be extremely wary. Most of them will get your money, and run with it.

Also, I took a glance at their rates, and it's just horrendous. Almost 20% markup even on the best priced cards, definitely not worth it. You can get much better rates on localbitcoins, selling for bank transfer.

This is why research should be always done on any purchase from a site that online, that you haven't used before. You can't trust a stranger to deliver on their promises all the time.

Thanks for the heads up. There has been a surge in the amount of phishing emails across all crypto platforms recently, not just Binance. But these phishing emails can certainly cause damage to a lot of newbies, so they should definitely be on the look out for these.

What you said is probably happening, leaking/selling of emails from crypto services is probably happening on a large scale. We just don't know which exchanges or services are doing it. It's no wonder that you're receiving these emails if you are signing up to shady sites, but you said that you are extremely careful with your email, so that's a completely different story. I remember that cryptopia at one stage had a lot of attempted sign ins, potentially from leaked crypto emails as well.

Just be careful of where you put your email, even though it doesn't guarantee 100% that your email won't be leaked. Also, use your common sense when it comes to messages that promise you monetary rewards. They are likely scams.

They've pretty much acknowledged the fact that they have messed something up, and the deposit is legitimate. Keep that screenshot, and show them in future support conversations if need be to prove the legitimacy of your claims.

Right now, you just have to wait for them to actually credit you with the appropriate amount of tokens, as promised. HitBTC can be extremely slow at times with support, and this time seems to be no different (ticket was responded to 2 weeks ago, almost, but no action taken).

I doubt reaching them via Twitter will help that much, since they'll still have to manually credit you. Hopefully you have learned your lesson with HitBTC, just don't use them since they are not the most reputable, nor the most responsive or responsible of exchanges.

Interestingly, yesterday, I received an email from an Australian exchange saying that GST is now applicable on certain transactions within their service. They operate from the UK I think, though.

I think there has just been a pretty big overhaul in the EU's rules regarding privacy and all that. Plus, the regulatory pressures surrounding exchanges have tightened as well, particularly in the EU where a lot of bitcoin services are located. That's the primary reasons why you're seeing such a big amount of services updating their Terms and Conditions.


Precisely, all of this are a double edged sword.

Absolutely.

Of course, it would take a co-ordinated effort by many people and won't be done just by one person. Hopefully, enough people realise that Bitstamp is collecting over the top amounts of info that isn't required by law.

I'm absolutely fine with KYC being done according to the regulations (like LBC's new terms, etc.), but Bitstamp is requiring excessive amounts of private and completely personal info. That's not acceptable, imo.

This seems to be something really positive, in my opinion. I mean in most countries, bitcoin was already being taxed on any capital gains incurred through the trading of it, however there are still pretty unfavorable rates, and sometimes may also lead to double taxing of bitcoin both as a GST and CGT.

France seems to have done a pretty good job in addressing this, and also lowering the rates for CGT to attract more bitcoin investors and traders into its country.

It's a smart move from a long term perspective - you obviously would want to stay competitive as a nation with something as promising as crypto, in order to allow crypto-related businesses to thrive in your country.

Don't ever rule out the possibility that Bitcoin may fall under a certain level. That is just the plain and simple truth, you never know how low bitcoin is going to go during a bear market, and even if rationally, the markets shouldn't overreact and panic sell their coins during a dump, it's what they do sometimes and prices undershoot significantly before adjusting upwards.

I'm thinking that if we retrace back to $6k that we saw a month or go, then that support is going to get tested for sure.

If that level doesn't hold as support, then there is a chance that bitcoin can go crash down to $5k. Don't get me wrong, though. I'm a long term bitcoin bull, I'm just analysing it from a short-ish term point of view. None of this matters in the long run, since it's merely a part of a bitcoin price cycle that goes around every 3-4 years.

Unfortunately, Liqui has been in sort of a downward slope ever since last year. It's just either a poorly run business with an extremely understaffed support team, or they are already starting to selectively scam people in order to potentially finance their interest bearing investments.

Either way, they are not a safe exchange to use, since if you encounter any issues you simply can't depend on the support to resolve them in a timely fashion. What you experienced was also the experience with many others.

I've definitely heard people who received a response from support after months of waiting. So you can wait with some hope of getting your funds back, but don't expect it to be any time soon. Waiting patiently is all you can do right now, anyways. Make sure that you don't trust liqui with any amount of deposits, if you indeed get your money out.

So essentially, a person opened escrow on two accounts for the sole sake of getting your funds tied up in escrow? Jeez 

If nothing was sent to you, and the buyer doesn't have the proof that he has sent anything to you at all (which he probably won't even bother doctoring screenshots for), and you can prove that nothing has been received from your end, combined with the lack of communication from the buyer, it should be an easy case as soon as support is able to attend to it for you. Just make sure you get all the evidence ready, and organised.


It is a bit too long for disputes, I think it used to be much quicker than that for Paxful but perhaps due to the fact that they are not able to handle the increased volume over the past year, as well as LBC not allowing high volume annoymous traders anymore, that their support became as slow as it is right now.

HitBTC is one of these exchanges that I would personally never use, since I just simply find it extremely shady and very unreputable. It's not rare to see deposits get held up for long periods of time. Especially HitBTC, I've heard plenty of people have delayed deposits, but never for so long.

It's definitely a bit late to report this issue now, though. 4 months is a long period of time, and you should have questioned support about the issue within 2-3 days if your deposit hasn't gone through.

Do you still have your TXID, and has your deposit address remained the same as the one that you sent funds to? If yes, then include all of these relevant infos in your support request. Support tickets can simply be delayed because of a lack of information. HitBTC is the only ones that can help you in this case, IF you didn't send to the wrong address.

Yep, spot on. Binance and Kucoin (even after this new KYC reform) are actually still technically "optional verification" exchanges, which allow you to trade crypto without limits as long as fiat isn't involved. Withdrawal limits are honestly still high (2 BTC per day is decent enough for small time traders), even after this new KYC update.

However, sooner or later, they will be forced to further their verification standards to more draconian and hassled versions. These semi-anonymous exchanges will be pressured into complying with strict AML/KYC standards as soon as their volumes gets noticed by governments or regulators. Even Kucoin, even after its current reform.

So it's definitely not just a Kucoin thing, it's a thing across the board with exchanges right now, that's for certain.

Nobody knows, nor is it stated clearly in their new terms and conditions. You could have a ban going on you at any moment, and you'd have no chance to argue against it, as long as they think that you're trading with "significant trade volume". It's a completely one sided judgment, if you know what I mean.

For me, the restrictions came onto my account when my trade volume was just around 2-3 BTC or so, over the lifetime of the account. No way was I even an active trader, but they still decided that my volume was significant.

And that's the thing, they should at least tell you when the requirement for verification will come. That way, people don't get a nasty surprise one day but can know in advance. But hey, everything in the EU is tighter now and probably is going to go in that direction in the future as well.

Exactly, that was why I was so confused. I don't think that the EU even demands crypto exchangers to go through such stringent verification standards right now, and Bitstamp is just in a world of its own entirely when it comes to verifying people's identities.

It makes absolutely no sense for them to ask sensitive and private topics such as income, occupation, and even future deposit patterns without any regulations forcing them to (or at least, other exchanges serving EU customers clearly don't need info to this degree, CMIIW).

I don't know why, but it actually makes them less trustworthy as an exchange to me.

What coin were you trying to withdraw, and what exactly is the status saying? Would you mind posting the TXID that yobit is giving you as well as screenshots of your withdrawal history, if that's okay with you so that we know exactly what's going on.

But this is very characteristic of yobit, they often have people struggle with their deposits/withdrawals. And when there is an issue arising from deposits and withdrawals, they never respond to support tickets which is a huge pain in the ass.

You honestly have no option but to either wait for the problem to solve itself, or to wait for a response from support. Either way, it's going to be a long wait. Hopefully it wasn't much that you lost, because it's hard to recover funds from yobit in a problem like this in a short amount of time. My advice is to never go back to yobit to trade anything, it's too risky. Not even the tokens that are only listed on yobit itself.

That's most likely not going to happen.

Bitcoin was moving around $10k for the most part of the month thus far, and only a week back did we see a major correction that made prices adjust down to the $8-9k zone. I feel like that this adjustment may continue, and dips will come for some longer until we find a definite bottom for this correction which we haven't yet found.

I doubt that bitcoin can even cross $10k by July, as we saw how strong resistance was at that price, let alone $15k or anything above that. I still believe that markets are quite bearish right now, and it will most likely take some more time before recovering fully (probably will take until next year, tbh).