Regulation of bitcoin exchanges is okay, however, I think when excessive regulation comes into play so that it can almost be regarded as a "crackdown" on all bitcoin activity is uncalled for completely, and you're right, it can indeed stifle bitcoin's adoption rates and make it difficult for people who need it the most to access it.

DooMAD presents this point perfectly, if there aren't regulated exchanges, then the pretty much all exchanges would be run on fractional reserve and have much more likelihood to scam you. However, if regulators decide that KYC rules have to be tightened up to the point that it's impossible for the average Joe to access the exchange, that's when problems arise.

I'm definitely against excessive regulation, but at the end of the day, we aren't the ones making the rules. The archaic system is making the rules here, and they obviously have a conflict of interest.

UNIT's depositing is disabled, but its withdrawals are enabled for some reason. It says on their site that the wallet is online, but if it's really online, then why are deposits disabled? I don't understand that. It could potentially mean that their entire UNIT infrastructure is currently down, perhaps in maintenance, which is why your withdrawals aren't going through.

Yobit clearly isn't to be trusted, most of the coins they have listed on their site are actually inactive and leads to problems for the customer all the time. Support doesn't respond, as always.

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What is this supposed to mean?

Depends on whether bitcoin ever hits $10k or not. But the correction is very near.

If BTC doesn't hit $10k, then I think the resistance would be at around $9.5k as we saw today when the price suddenly adjusted downwards. But even if it does hit $10k, it'll probably go up to around $10.5k, before corrections. It's inescapable either way.

There is just no way for bitcoin to rise 50% in value within just a week or two, and continue to go up after that without any corrections and adjustments. I actually would recommend against buying right now, because of the fact that we know with some degree of certainty that panic sellers will be back once the correction goes underway, and you'll have plenty of opportunities to load up cheap coins then.

I don't really see the regulation FUD going away this year. Plus, I don't think that the bear market has found its true bottom yet, so the chances of there being further dumps after this pump is over is very high.

The price is still going up lightning fast, and to me that is not sustainable for much longer. Usually rallies only last weeks at a time before a dramatic fall.

Long term, I'm still very optimistic on bitcoin picking up price and adoption. But since this bear mrket probably isn't over yet, after BTC hits a strong resistance most likely around the $10k mark, prices will go down in the short run imo.

Nobody should have bought at the all time high, because it was clear that the markets were overheated and a big correction was definitely due.

But yes, we're seeing quite a dramatic turn of events here. BTC first reached the $8k mark, and just yesterday reached $9k as well. Markets have been extremely bullish for over a week now. I think for that reason, a dump is probably going to come soon, probably around the $9.5-10k area.

We're seeing the same thing now compared to December, there are panic/FOMO buyers which means that when a small correction happens, they are likely to panic sell as well. That's why I expect the correction to be huge, so do prepare for that and don't buy up too much when markets are this bullish.

IMO, bitcoin really is whatever people decide to use it. There is no absolute "intended" use. It has the properties of a currency, so you can't say that it's only a store of value. But right now, bitcoin as an asset is definitely more used than bitcoin as a currency.

And that is mainly caused by the fact that bitcoin is as volatile as it is right now, with lots of speculators around it.

I think that once bitcoin's volatility is gone, bitcoin as a currency will be appreciated and used more. And volatility and adoption rate of BTC has an inverse relationship, more adoption and actual usage of the BTC network and currency = less volatility. So as more adopters come onto the bitcoin scene, and more merchants accept BTC, bitcoin will become more of a currency, but still retaining the important aspect of being a store of value.

Don't forget the fact that being a store of value alone is a rare trait these days, and even if BTC ends up as that, it'll still be widely used and highly regarded.

Yep, source is here if anyone wants it: https://www.coindesk.com/eu-parliament-votes-for-closer-regulation-of-cryptocurrencies/

Right now, there are still exchanges that will allow you to exchange currencies without identification up to a certain limit. I think what will change in the near future on a large scale is that they want to enforce total KYC in EU exchanges, even if you're just wanting to exchange a few dollars worth of BTC. Localbitcoins is already feeling the pressure and seems to have started to ask more and more traders to verify themselves.

I mean, they've been pushing for regulation, especially stricter KYC laws, ever since bitcoin exchanges started to operate in the
EU. So when this came out it wasn't exactly unexpected or surprising for me. Stricter crypto regulation is going to be a global trend in the near future.

Same thing happened here, also a GBYTE deposit: https://bitcointalk.org/index.php?topic=3375213.0

The situation is indeed different now because the coininfo page lists their Byteball wallet as OK. This doesn't seem like an isolated case on its own, either, since at least 2 people(most likely more) are having the same issue. I reckon it's definitely some kind of problem with their wallet that they haven't fixed during the phase of maintenance.

jhenfelipe is right, if there were issues and they are being reported on a constant basis, at least put it in maintenance so that nobody else deposits and have to have their coins held up.

But for now, you'll just have to wait for Cryptopia to sort out this mess. Their exchange seems to be flooded with problems, and they're just all over the place. I'd avoid them for now, at least until they resolve all existing issues.

Do you have any screenshots for this?

It's not the first time that someone has received a PM of this format that tried to phish people into entering their forum usernames and passwords. I've received one of those PMs as well, from someone that I didn't know.

I don't think that the person that sent you the PM who is also affiliated with sportsbet.io intentionally did it. Most likely, his account was hacked as well due to his password being leaked, perhaps phished in the same way. Just don't click on the link, and let him know. But you're right, I think sportsbet.io has had some pretty shady dealings in the past, which resulted in their reputation being tainted: https://bitcointalk.org/index.php?action=trust;u=832366

The only people that will able to credit you with your GBYTEs will be cryptopia.

Wait some more. That's pretty much all you can do, for now. 3 days is probably not enough for them to sort out this issue that seems to be affected others as well. I'd recommend that you be patient in the meantime and wait another ~2 weeks or so, they should be able to resolve this issue in the mean time if they're serious about it.

It does seem like that Byteball wallets are fine and are active looking at their coininfo page. So I'm not entirely sure what's causing this. Perhaps it is because of their wallets lagging behind, there is nothing to confirm that, however.

Thanks for pointing this out.

Seems like Etherpic(https://bitcointalk.org/index.php?action=profile;u=1802918) is the owner of Bitproducts.us, which is an obvious scam site.

It's not even autobuy. It's their own site, that they are selling shady products from. Not only are they selling merits, they are also selling bitcointalk accounts, ebay & amazon gift cards, bitmain coupons on extremely high discounts.

If you buy anything from them, including bitcointalk merits, either the product you receive is carded/fraudulent/hacked, or more likely they will just take your money and not deliver any goods. Avoid buying merits in general since it's against the rules, and also avoid using this site.

Depends on market conditions, and how much you placed the sell order for.

If your sell order is above the current market price then expect it to stay open for a while, because there are no guarantees that bitcoin go up. This has nothing to do with poloniex, since they don't control the actual trades.

If your ultimate aim is to sell your BTC as quickly as possible without any sort of expectation of BTC going up any further, then just place a sell order at the current highest bid price. You'll get slightly worse than market price, but it's instantaneous.

It's under settings, and on the left hand side tabs you'll see autosell.

Click on "show all balances", then you'll have a list of active altcoins that are being traded on bittrex. All you need to do is to toggle off whichever altcoins you don't want to have autosell enabled, it's simple as that.

To buy altcoins, just click on markets and search for your altcoin. Then, place a buy order just like you would normally do in the old UI.

But Bittrex isn't a must-use exchange anymore, especially when Binance is much better imho. I've personally moved on from Bittrex ages ago.

I didn't find anything in the twitter rules that seems to have been breached by your twitter handle.

Either it's some sort of crack down on crypto twitter accounts, or as alyssa said, some sort of algorithm on Twitter's end that determined your account was used to promote some sort of con/phishing scam.

Crazy stuff, seems like that they are just able to shut down whatever account they want on top of censoring crypto related ads. Hopefully this doesn't affect your business too much, BAC.

You were pretty lucky this time that your situation was resolved by itself.

Cryptopia has a pretty bad reputation for their support. Indeed, if there was any issues with your account and you needed to consult the support staff of the site, you would be looking at at least a few weeks until they respond.

Plus it seems like a lot of cryptopia account emails are leaked somehow to hackers, since some people have been getting login attempts that are unauthorised. Along with the fact that they didn't take responsibility for one of their listed coins being hacked, I think it's best to avoid storing or trading large amounts on their site.

Agreed. There is absolutely no reason for anyone to deposit BTC in an exchange for storage, because it's just not secure, and many problems can arise. Let alone in OP's case where his BTC was actually something that he cannot afford to lose.


Good to hear that you've learned your lesson. It's not as simple as not using yobit, though.

As a rule of thumb, if you see anything promising you above 10% p.a. returns guaranteed, you should think about how they are making that money. Yobit Investbox is not a viable way to make money in the long run, because it is fishy and I believe that it will eventually collapse. It's actually somewhat good that you made this mistake, otherwise, if you actually made a profit from Investbox and thought that it was legit, it could have ended up costing you a lot more in the long run.

Tough question. It's hard to envision what will happen in the future as always since there are simply so many variables.

What I believe is that volumes shouldn't change that much. In fact, volume may actually be positively affected by regulation if it is reasonable and aims to protect crypto traders from scammy exchanges etc.

But if regulation comes, then I think most of the volume will shift from individual traders to institutional investors, as it becomes easier and safer for them to enter a market which regulated. It'll become harder for individual traders to execute trades, however. But ultimately, it depends on what sort of regulation we are talking about here. Whether tightening KYC, exchange licensing, and so on.

My personal experience with Genesis Mining has been anything but positive. I put in around 0.05 BTC to mine in 2016, and I only made around 50% of my initial investment back. After that, my contract was terminated straightaway. There are plenty of other cases like this.

Trust is a big issue with cloud mining. You don't know if a company is actually mining, even if they show clips of their mining farm, it really means nothing. You don't have control over the hardware that is supposedly working for you. Even big names like Hashflare can completely screw you over, as they did.

There's a lot of people on Youtube and crypto related blogs saying that cloud mining is profitable, but inevitably they put in their own affiliate links at the end to prompt people to sign up and invest. The only way to make money off cloud mining in the long term, imho, is to get affiliates. Your profits in cloud mining really depend on whether the coin your contract is supposedly mining goes up or not. You could most likely hold that coin and make the same amount of profits, if not more profits in a bull market.

I don't see Bitforx as being different to Genesis or Hashflare. They all operate under the same business model, and the previous two have proven to be quite unsuccessful in making profits for the investor.

As swogerino said, the whois lookup shows that site was created this month, and is created with a very simple template. All they did was list the items cheaply as bait, in hopes that the victims would fall for the scam.

They seem to have everything ranging from mailing lists (shady) to gift cards. All of which are extremely cheap - too good to be true. There's also only 2 payment methods accepted on this site - bitcoin and ETH. Both of which are irreversible.

Nobody in their right mind would sell gift cards for so cheap (50% off for amazon gift cards and visa gift cards) when they can spend it and get more value than what they're selling it for. Unless, they are scammers.

Anything sent to them should be considered a donation, it's honestly a blatant scam that targets crypto newbies.

I also received a message from Localbitcoins around 2 weeks ago saying that it is recommended that I verify my account. They quoted the fact that you become trustworthy in the marketplace after you get verified, but in reality, I think it's because of the regulators in Finland and EU forcing them to take action. Wouldn't be surprised at all if LBC decides to enforce complete KYC before anyone is able to trade on the platform soon.


Agreed, they will lose customers for sure. People weill move to other platforms, Bisq, Hodl hodl, and whatnot. But they really don't have a choice.

If the verification system is only applicable for the high volume traders though it can probably be easily circumvented by creating numerous new accounts under different IPs. That's why I think either they'll completely enforce KYC to all customers soon, or take this step before enforcing KYC completely. If they force any sort of verification onto their customers, I'm definitely going to stop trading there and move elsewhere.