Prices are low but I don't think that right now is the lowest that we're going to see. We saw that BTC went down to $6k or so, and even though the support is quite strong there, there is every possibility that that support can be broken if there were further adjustments downwards in price. And especially when bitcoin is currently in a pretty bullish state with a lot of people buying up during the rally due to fear of missing out, I would probably cut my buys for now and wait for the correction to happen. Looking at the long term, bitcoin is still in its early stages, and I think that this price is still going to be favorable in the long run. So by all means, if you have the money to invest, do invest or buy into bitcoin now. However, I'm just saying that with $10k being a psychological barrier, I'm not sure if $9k+ is the best opportunity to buy when we're probably on the brink of a correction which will present many buying opportunities. |
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If you have this kind of mindset when investing in bitcoin, then I suggest you completely stay away from bitcoin investing altogether. Bitcoin isn't something that you can make easy money off, nor is it predictably going to rise all the time. That's just not happening.
Invest if you believe in bitcoin's fundamentals and what it brings to the table economically, and when you do invest, be prepared to hold your investment for the long run.
To answer your question, there is a possibility that $20k can be hit by the end of the year, if markets all of a sudden turn extremely bullish. But in my opinion, that's not going to happen easily considering that we're still in an overall falling market. If your expectations are this high, then don't even bother having BTC in your portfolio as an investment.
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No idea, but I didn't even trade that much over the past 12 months. I believe that my trading volume fell under the 2-5 BTC category, and I'd say that half of it incurred while BTC was still relatively cheap back in the first half of 2017.
I don't think that's that significant by any means, but I doubt that LBC wanted to do this either. Obviously doesn't make sense for them to do this voluntarily, and there had to be some sort of regulatory pressure be put on them.
That's what I was thinking. It makes me wonder if this has been applied everywhere or just in some countries where that pressure is coming from. That would be interesting to see, however I'm pretty sure that it's worldwide. I understand why people don't what to verify, but for my use it doesn't really matter. I only use it to sell small amounts and as I'm using direct payment to my bank I have to give the buyer my name anyway. For larger amounts, I'd always use another exchange with better rates anyway. I guess it depends on what country you are in but for me, other exchanges means paying international wire fees and paying the spread on the currency conversion.
It'll definitely take away from their customer base for sure. However, you're right. Most people will remain unaffected by this change. Though if it was truly due to regulatory pressure from governments that Localbitcoins is being forced to do this, then is it going to in the future force identification upon all users, not just the high volume ones? That would make sense considering the direction they're trying to go in at the moment. |
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I received my withdraw today!!!!!!!!!!!!
Nice to know, hopefully you've learned to step away from Poloniex after this troublesome experience  Yeah, you know what. Even though the 10 business days turned out to be 20 days, and the initial withdrawal which was supposed to be done pretty much within a few hours turned out to be more like a month, you got your money back eventually. Plenty of worse exchanges out there that would have taken longer or even not have given you any coins at all, although I'm not saying that polo is a good exchange to use. Others learn from your experience to stay away from Polo, Circle ain't doing anything to improve the customer service. Keep grinding on your site, man! Sorry to hear about the twitter acc getting shut down, btw. |
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The real estate bubble is still going on in some countries, and housing prices have absolutely gone berserk again after the recovery from 2008. If this trend continues, it could potentially brew up into something huge again. Hopefully though that the adjustment comes sooner than later so that the consequences of this real estate bubble v2 isn't as big as the GFC.
A lot of people are saying that crypto is the next big bubble, but honestly it's just the natural cycle of bullishness and bearishness that went on in BTC ever since that it was first traded. That boom/bust cycle has always existed, and the extent or the potential damage of which is probably much lesser than the other bubbles, like real estate. Really depends on how you view the word "bubble".
Bonds can definitely be in a big bubble right now as well, Greenspan himself said so.
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The value of bitcoin has seen significant gains over the last week, following a period of relative stability hovering above $9,000. If it continues its good form, it could break above $10,000 in the coming days. . my opinion is bullish market is coming.
Bullish market is indeed coming, but I just don't think that it's necessarily coming right at this moment. A lot of people have expectations that this is the start of the next bull market which I simply think is untrue. Prices have essentially corrected down to the $9300 level again, so we've hung around the $9k's without any upward momentum for over a week now. There is still a possibility that $10k can be broken, but even if it does, I don't see the momentum being enough right now to change the market sentiment to fully bullish. We'll most likely see further dips in the near future, and consolidation. It'll probably take until near the end of the year for the actual recovery leading to the next bull market to occur, although there may be short term rallies here and there. |
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He'd really be dumb to waste his reputation for a measly $200.
From what I can see, he did promise to refund you in full if work wasn't finished by yesterday at around 16:00 UTC. It is now a whole day later with absolutely no news. This is definitely unacceptable and extremely unprofessional. He hasn't shown any proof of his work in progress, at least in the screenshots that you provided.
I would honestly give him some more time or just hire a new designer if the issue is urgent.
He previously created a false portfolio in order to get freelancing work, according to the trust feedbacks given to him. So he's definitely not the most trusted person here. In future if you're dealing with others on the forum regarding pay for services, always use escrow.
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I'm new of bitcoin and in coinbase I'm not able to verify document.
Which is the best alternative to coinbase where to sell bitcoins I've before to transfer?
thank to all of your replies.
Hi
antonio
It really depends on your circumstances and what exactly you're looking for. If you're having trouble with verification and want to go without it, then go with Localbitcoins. Even though they've recently had an overhaul of their ID policies, traders without "significant volume" is still able to trade freely without verification. That is your most convenient route, however the rates you get will be less than ideal. Doesn't matter that much if the amount is small though. If you have a big amount to sell, however, you probably still want to sell it on a big exchange to get the best rates. Depending on which country you're from, Kraken, Gemini, GDAX are all options. Even coinbase itself, but for all of them you do need to wait for the verification to be done. |
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1000 ETH is a huge amount, I have no idea if you're being legit or lying about this figure. You can't expect anyone to take your words at face value either, if you don't provide any proof that is convincing. But I respect your privacy, and it's your choice.
Whatever your intentions are, this serves as a reminder that you shouldn't trust exchanges, especially Yobit, with high amounts of funds. I would argue that you shouldn't be using Yobit at all for anything.
It's not surprising that you've run into such issues when depositing to yobit. It's also not surprising that yobit isn't responding to you, that is what they are known for. You should have really done your research before you put anything of monetary value into that shady exchange.
Anyways, if you did actually just lose 1k+ ETH, I really feel bad for you, man. But Yobit is a shady, probably unregistered exchange with a bad track record and the worst possible customer support. Honestly can't say that i'm surprised.
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Do you know what amount they consider to be "significant in the past 12 months"?
I verified my account ages ago so it doesn't affect me directly but I'm just curious.
No idea, but I didn't even trade that much over the past 12 months. I believe that my trading volume fell under the 2-5 BTC category, and I'd say that half of it incurred while BTC was still relatively cheap back in the first half of 2017. I don't think that's that significant by any means, but I doubt that LBC wanted to do this either. Obviously doesn't make sense for them to do this voluntarily, and there had to be some sort of regulatory pressure be put on them. This does not like true information, I have been using the localbitcoins more than 3 years but still there is nothing has been asked from the localbitcoins site. If the trader have policy to trade along with ID verification means you need to go ahead with the Id card verification which is internationally accepted. That is how LBC policy works so far mate.
If the furnished information is true. First share the policy image which shows the details you mentioned.
Search on the web. I'm sure you'll find a lot more cases. I wouldn't lie to the whole community for the sake of discrediting LBC, which was one of my favorite platforms to trade on. Anyways, after a few days this suspension doesn't seem to be going. Time to move on. |
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I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post
There's a distinction between central banks and commercial banks, the latter of which is the services that you use on a daily basis, and I'm pretty sure that you're talking about the second one here. I don't think that banks would ever be "eradicated" or even be replaced by crypto. The two is completely compatible. If you choose to store fiat in the bank, so be it. That's your choice, even though it's probably not so good of a choice over the long run. There are even bitcoin banks popping up, which in my opinion is completely redundant considering the fact that BTC doesn't need third parties. Bitcoin simply offers an alternative to that. It has no intermediaries or central entity, which some people would definitely prefer over the fiat banking system. |
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With the level of trust people give the BiPolarBob account and the fact that its password and email all got changed recently, which is a huge warning sign, it's probably best to give out a warning tag even if there isn't a signed message. Exercise the same caution dealing with that account as you would dealing with a newbie with no reputation.
@BPB, when was your account hacked/when did you find out it was hacked? Was the loan request (for 0.01 BTC) that you made back in january this year by yourself or by the hacker?
Hope you're all well, though. Haven't seen you around in a long while.
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I agree with Hydrogen. Precious metals speculation/trading would probably be a better comparison to draw for crypto trading. Stocks in the real economy depend on business decisions, earning reports, stuff like that. Bitcoin doesn't give out dividends. That's why precious metals is a better comparison, in my opinion.
Some analysis tools can definitely be transferred from stocks to crypto trading, as well as indices.
Crypto is entirely unique, however, and you definitely need to do some research before you invest anything into it. But honestly, if you're inexperienced, but you stand for the concepts BTC is based on, your best bet is most likely to hold for the long term. It cancels out all the short term noise, and since BTC is a store of value and hedge against inflation, if adoption rates climb which is very likely, BTC will continue to go up in the long run.
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The same people that previously doubted bitcoin's ability to go mainstream as an asset, and as a currency, will be the ones in the future that are trying to venture into the BTC ecosystem the quickest and make their name known. That will most likely become a trend in the future.
I agree though, I can see that these Wall Street firms most likely will only cater their services to high end, large investors, or institutional investors. It's unlikely that anything would actually be done to help BTC adoption in the masses increase.
You can't stop them though, and it has to happen sooner or later. We're currently completely speculating about the impacts of these mainstream financial firms entering BTC, especially when nothing has been done or launched yet. But at least it proves BTC's credibility, and ability to go mainstream to hesitant investors or doubters.
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I dont know where this topic should go. moderator please move to right place and let me know.
i joined perfect money e-banking system.
and found a section called credit exchange.
go to the lobby and see alot "ads" for short term high interest loans.
like $5.00 at 200 % for 24 hours.. stuff like that, and they give stats of these outfits wanting the loans.
stats looked like they are paying these high interest loans off. i figure it is some kind of gimic.
so i do on for $5.00 and wait for the 24 hours. the lender was France Online Bank. had a very good credit score and was "verified" and the credit status was positive yesterday. now today, the credit status is negative. and the loan is in default.
why would a reputable? online bank like perfect money be screwing around with a con like that ? i thought it was a hyip deal and had a chance of paying off. even had 17 positive reviews from other people who lent money..
has anyone worked with this credit exchange on perfect money before ? what is the deal with it ?
Consider whatever you put into this "credit exchange" a donation to the other party. I can guarantee you that nobody that legitimately needs a loan would ever turn to this "credit exchange" to obtain a loan. Everyone on there is trying to fish for inexperienced users. I'd argue that unlike HYIPs, you won't even have the tiniest bit of chance of getting your money back. They are just going to get your money, and run with it. You have to understand that PerfectMoney itself facilitates transactions for ponzi schemes, and dodgy activities. It's bad enough to give out a no collateral loan here on the forum, and giving out no collateral loans on PM is just on another level. There is no chance a scammer will ever pay back his dues. |
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For the last few weeks; price of bitcoin is on an rise again. It is almost near to touch $10k. Festival mood appears in the market. Everybody is happy: celebrating mood.  There was one time when btc was below 7k and most of the people were hesitating buying it. Now there is a mood of positivity in all the directions. We will be hearing all the good news from each and every corner. But in this festive season please never panic. If you want to buy please invest only that part of your money the loss of which you can afford without much pain. In my opinion; good strategy to invest is that the investor while investing shall have one stop loss limit in his mind. It means suppose one person buys one btc @ 10k but unfortunately the reverse trend appears; at that time without allowing the loss to increase with the continuous fall in the market; suppose i fix one limit to sell back @9k in case the downfall starts. So I will suffer loss of 1 k what ever may be the downfall i.e. suppose the markets falls around 6k I will be saved from further losses. Again I can buy with the trend change with positive market trend. It is my opinion; you may differ. All the good wishes to bitcoin holders I think that currently the best option is probably to hold onto whatever funds you have to invest in BTC, and wait for the dips to come. I believe that it's only a matter of time, and sooner or later, there will be a series of corrections coming our way. $10k resistance is proving to be stronger than most people have thought, and while I'm bullish in the long run, I don't think that the bullishness of the past few weeks can be sustained for much longer. I don't think that your method of investing is a particularly smart one. Cutting your losses at only 10% doesn't make any sense to me, especially at this stage. If you want to invest in BTC now, be prepared to hold for the long run. But even if you want to invest for the long term, I suggest waiting for BTC to dip below $8-9k before accumulating. |
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Hello I have used so many exchanges likes IDEX, etherdelta, qrypto, yobit and some other exchanges as well. What do you think is the best. I use qrypto most.
It's probably not the best idea to judge an exchange solely based on its fees. e.g. Yobit may have lower fees than another more trusted exchange, but you would probably use the trusted exchange for the sake of convenience and security. I'd agree with BitHodler, Binance seems to be the best exchange for now, if you aren't willing to verify yourself and you're simply trading with smaller amounts. It's got a nice balance between security, convenience, anonymity, and fees. You might find that if you are wiling to get verified, there are certain exchanges with lower fees, although probably not that much lower. Won't make much of a difference if you're trading small amounts anyways. Whatever you do, avoid Yobit. If you're still using it, please stop using it. |
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Hi everyone, I have an ecommerce site, and I accept crypto payment; from early, I used old LTC address from BTC-e to establish my payment gateway. But when BTC-e switched to wex.nz; I forgot to change these addresses And now, a few days ago, a client made a payment & sent amount of LTC to this old address. Can anyone may help me to get my money back? I still use same username for both BTC-e & WEX.nz, I also send a ticket to support team, but dont know when they reply  Many thanks It's going to be hard. The transition from BTC-e to WEX definitely wasn't the smoothest, and I strongly doubt that with the circumstances under which they had to relocate they took much consideration into migrating their deposit addresses. Talk to them first, and hopefully they'll respond to you(their support is absolutely dreadful). But your chances are slim. I'd say that consider your money gone for now, and hopefully it wasn't a big loss. Even if they have retained your deposit address's private key (which should be the case), it's still a big ask for them to manually retrieve funds from an old address, and with their unstructured way of doing business I don't see this happening very smoothly or quickly. |
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BTC almost break 10k now what will be next ?
The thing is that we have experienced major pullbacks every time the price was able to get close to $10k. Every single time that it almost broke $10k, there is a small correction that pulls prices down to the mid to low $9000s. What will be next? I mean, I personally think that even if BTC does break $10k, the chances of all of a sudden the markets turning fully bullish and the next bull market comes straightaway is pretty slim. I feel like we may start a pretty major correction if we aren't able to break that 5 digit mark soon, and consolidate for at least a few months before the next bull market is able to swing by. |
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If we can actually establish some sort of momentum after we hit $10k, then FOMO is definitely going to be a factor. Prices could be pushed up to above the $12k resistance to upwards of $15k, before any corrections hits.
To me though, this is probably not the rally we're looking for as the definitive start of the recovery.
It'll still be hard for BTC to break $10k, as demonstrated by yesterday's correction down to $9300 after BTC again hiked above $9.9k. I believe it'll still take some time and consolidation before $10k will turn from resistance to support for the next big bull market, and the time probably isn't now.
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