Nice to hear, what was the reason for localbitcoins asking for your ID this many times though? Did they mention it?

I received emails from LBC saying that my trading volume has been significant over the past 12 months and they recommend that I verify my identity as soon as possible. I don't think I'm the only one that has been asked to do this either, pretty much everyone with 1+ BTC volume I think has received this message.

I have a feeling that they're going to force every user or at least users with significant trade volume into verifying their account soon. Following the requirement that anyone that wants to post offers has to get verified, this doesn't seem too far from the truth in the near future. I wonder if them asking you for ID repeatedly has anything to do with the same regulatory pressures that are forcing them to "recommend" people to verify their accounts, also.

How much was lost? (if you're not willing to provide exact figures, maybe just a range)

Your only hope really resides on yobit support responding to you and hopefully actually taking action in trying to recoup what was lost. From my experience, yobit support is extremely unresponsive and unreliable in general. Since you executed everything voluntarily and nobody scammed you, they can probably cite that as a reason against refunding. Also, to my understanding of how yobit's investbox which is limited due to the amount of info they put out of how it works, as soon as you create a plan, people are able to invest and make a profit in that plan. So your funds may already have ended up in other people's accounts now.

I'd say consider this money gone, and consider this a lesson learned.

If this was money that was really important to you, you should have never stored it with yobit in the first place. In fact, you shouldn't have stored it with any exchange because anything could happen when you don't have full custody over your coins. Why did you even try to poke around with the investbox things?

The answers to the first question is yes, and the second one is no.

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As this thread says, I guess the reason for the verification taking so long is because of the fact that some other exchanges have decided to close registrations and poloniex is experiencing a high amount of signups and verifications, for which they simply do not have the manpower for. But that's really just the official version.

In reality, they've been pretty crap on the support end of things since forever, and there were always delays for verification anyways. I've seen cases like this since last year, so it's not surprising that you're experiencing the same delays.

I have no idea why you reverted back to "unverified", however.

You'll find trouble selling at good rates for amounts over $50k on LBC. To get above market price for your coins, you'll need to list your own advertisement. It will take some time for people to respond to you.

However, if you are able to wait, and break up your trades then LBC will be able to get you at least 2-3% over spot when selling.

Keep in mind though the seller is liable for any escrow fees (1% of trade amount) on LBC.

For a large amount, and when your primary goal isn't to make a profit or a living off trading, and/or time is a factor then I'd go GDAX over LBC. Unless you want to go for convenience, you can sell on LBC to advertisers, but that'll result in worse rates, although there is no verification to do so.

This is definitely not a first.

Yobit's tweets on twitter are all flooded with similar scams, with the scammer commenting on the tweet, that there is a x amount of ETH to be given away, but there is always a catch that you have to send them money first.

I remember that Binance had similar issues as well, their twitter was flooded with comments of the same nature. CZ even had to put in "not giving away coins" in his twitter username at one stage.

Goes without saying that all of these scammers are in no way related to the actual exchanges/coins/ICO teams. They are merely using them as a platform to spread their scam. Don't ever send funds to a stranger expecting more in return, especially on twitter. Always check the legitimacy of the twitter account before you believe anything that it says as well.

PM this guy: https://bitcointalk.org/index.php?action=profile;u=148073, he's the official CEX.io representative here on the forum.

I don't know why they are requiring your account to be verified again, when you are already verified in the first place. Why do you need to be of verified plus status to even get a deposit credited to your account? That IMO doesn't make sense.

No one here can help you, other than the CEX.io forum rep. So do contact them and draw their attention to this thread.

It's a strange situation for sure, I haven't seen any exchanges do this in the past. Perhaps they did it for reasons that was not disclosed to you.

I checked both of them out, and it does seem like that both sites looks the same.

Either they used the same template for their website, or one of them copy pasted their entire site based on the other. Either way, it's a caution for investors for both ICOs, even though it's not conclusive proof of any of them being scam.

However, I find the team of Kryptonium pretty fishy.

The CEO Ronan McFeely's Linkedin profile shows that his only experience is in Kryptonium. Also, they listed Simon Cocking as an advisor, however I couldn't find any info about his endorsement of the project either. Just exercise your due diligence before you invest in either ICOs, especially Kryptonium.

I don't think that bitcoin will completely replace banks IMHO. Most likely, bitcoin will serve as the primary alternative to the fiat banking system. I guess you could draw the analogy of youtube and TV to bitcoin and banks, because the pair coexists.

I do see a significant decrease in satisfaction with banks and the fiat banking system in the coming years, and a massive increase in adoption rate for bitcoin. When people start to realise that everything they own is literally controlled by a centralised entity, they will start moving to bitcoin.

But again, banks won't completely disappear. Even bitcoin banks may start to appear if mass adoption starts happening.

All of this won't happen overnight. There's a gradual process that may take years or decades, just like how the internet progressed to where it is right now.

That is true. However, you should not be expecting that kind of profits on a regular basis.

There could be no pumps to the magnitude of last year's bull market rallies for years to come, and it's hard to time your investments. It's definitely not always as simple as investing in a good year and getting the profits, because you could have invested at the previous all time high and barely come out with a profit when you sell at the next bull market.

I do believe, however, that bitcoin is in a long term up trend which means that if you buy in a bear market right now and hold for the long run it is almost guaranteed that you'll make a profit. A good investment just needs to outpace inflation, and with the amount of potential new adopters in the coming years, I can see BTC easily outpacing inflation growth.

BTW, putting your money inside a bank as a long term investment just doesn't work at all. I wouldn't recommend that.

I think what he meant isn't that he invested into the yobit investbox. Instead, he most likely accidentally clicked on the "create new plan" button on that page which took him to pay and create a new investment plan.

In that case, I don't think you can get a refund. Unless you are able to somehow get ahold of yobit support which is very unlikely.
Obviously the investbox in yobit is shady as hell, and I would never go near it. But OP's problem probably isn't that he invested in one of those plans. His problem is that he created one of those investment plans which he had to pay for, for others to invest in.

I think what you mean isn't a loan, but rather financing your antminer purchase by installments?

I'm not aware of Bitmain or any other mining companies offering financing plans on the terms of pay by installment. The reason is probably that it's way too hard to verify the legitimacy of whoever is taking out these financing plans, and it could end up with serious losses for the retailer.

If you don't have the money and you want to buy antminers or whatnot, you'll probably have to either get a cash advance from your credit card/small loan company, or take out a loan in bitcoin on the forum or elsewhere.

But as pugman mentioned, it's a bad idea to get yourself into debt for something that you expect future returns from.

Support at $8k seems quite strong at the moment.

Market sentiment probably also shifted a little to the more bullish end of the scale as well. So if we consider that effective support is at $8k, and the bullish sentiment in the markets seems to be back, I do think that there is a huge possibility that this pump sustains for a fair amount of time (2-3 weeks further) before a correction.

But the correction is imminent, in my opinion. I think the ceiling for BTC's price is quite lo this year and it would be extremely hard for the markets to all of a sudden swing fully in favour of the bulls and set an all time high or anything of that nature.

First rule of thumb, never, ever, give away your private keys in any circumstances, or let anyone else know about your private key. Even if they don't steal your coins now, they have the ability to retain that private key and access your funds later.

These phishing scams are targeting crypto users, always check the url carefully when you click on something in your mailbox. Also, check if the sender's credentials are legit. Best thing to do is just don't click on anything from emails, although sometimes that's not possible. Have a bookmark or just remember the website URL.

Thanks for the PSA. I've seen both these cases (MEW and Coinbase) reflected elsewhere as well, I think. Not sure how many people fell for it, though.


Yeah, I believe that cryptopia was one of the targets that had a database leak. But it's honestly all speculation where your email was obtained from, it could be some shady site that you signed up to. There are loads of possibilities honestly. But that's a reason to be careful when you sign up to random sites.

The problem is that we cannot say that the $6000 level is going to be support forever.

If 2014 can be of any reference, and I understand that adoption has increased a lot since then, etc. (but the general bull-bear market cycles should be around the same as 2014), the bear market in 2014-15 actually lasted for over a year before it finally hit the bottom and stabilised.

I don't think that we'll see as long of a bear market this time round due to the major institution players in the market now (Soros, Rothschild, etc.), but I don't think that there is any way this bear market finds the bottom in 3 months. Short term growth is here already, but it's not going to be sustained growth until we do find that bottom and start a slow recovery process.

We can't just say that bitcoin price should stabilise, and the price will stabilise. Just doesn't work like that.

Bitcoin is naturally volatile. I agree, I personally do not believe that bitcoin is only considered successful if its price skyrockets. That's quite absurd, considering that is only a minor part of the measurement of BTC's success. I'd rather have bitcoin less volatile and in a slow but steady long term up trend. But that is not always guaranteed to happen. We did see at one point bitcoin at $700 and it was stable, but demand has picked up a lot, and i mean A LOT now compared to then.

However, if we're talking about the short term here, price stabilizing usually means that it's building support for a rally. But it's important to not get carried away by short term price movements, especially if you're holding for the long run.

Markets are warming up for sure. BTC went up from $6800 or so, where it stabilized, to $8000 where it is resting at right now. We're building strong support at the $8000 level, which could mean that BTC will make a push up to the $9k ranges before adjustments.

I do think that this is going to be temporary, instead of a sustained bull market. It's going to be a short term rally, that probably won't reverse the trend of the market from bearish to bullish yet.

But long term holders have really got nothing to worry about. A bull market will emerge sooner or later, and when this bear market is over and after we consolidate at a lower level, I expect a strong recovery of BTC in 2019.

I think that's unlikely to happen, but nothing is predictable when it comes to bitcoin prices. $250k by 2022 is actually a separate prediction made by Tim Draper, who is entirely different from the analyst that predicted BTC can hit $25k this year.

We're still in an overall downward trend, even though we have experienced a resurgence in volume and prices after the pumps of last week as well as this week.

I think this trend is going to be temporary, as it was fueled mainly by Tom Lee's predictions of BTC soaring on tax day. I just don't think the markets are ready to go into a phase of complete bullishness yet, coming off the corrections that happened this year. I would not demand an all time high this year yet, although there is a possibility that by the end of the year, we will see price at $12-15k levels again.

I'm honestly not sure as to if it actually has any significance, but since Tom Lee did say that bitcoin was going to return to bullishness after Tax Day, the hype from that alone is going to be enough to push prices upwards after Tax Day imo.

That's the thing with bitcoin's price movements, it's influenced by media a lot, and sometimes the predictions/events doesn't even have any real significance.

But I do expect short term prices to rise to $9k or so in this or next week. The support at $8k seems to be mounting at the moment and is quite strong already. But after BTC gets to around $9.5k or so, the market sentiment will most likely turn bearish again and the downward slope will continue for the next few months, before a recovery late this year or early next year.

Seems like it. That is probably the stock copy paste answer to questions about Debitum tokens.

I found 2 people posting the same thing:
https://bitcointalk.org/index.php?topic=2321064.msg33638837#msg33638837
https://bitcointalk.org/index.php?topic=2321064.msg31518793#msg31518793

And surprise, surprise, tientien22 was listed as one of the sock puppets in the OP, and here he/she is just copy pasting the generic answer given on Telegram.

I think it's safe to say that this is a project to avoid now. There is simply too many sockpuppets for this to be legitimate. The thread is probably inflated easily 2-3x in size and interest just because these sockpuppets have been bumping the thread up.

Plus, their intro video seemed really vague as well. Don't invest in their ICO, please.

I'm assuming that all that's needed to verify gmail is a mobile phone number.

Most of the times you'll get away with putting in a random number, but sometimes they do ask you for verification. In that case I think your best option would be to go with one of the virtual phone number providers that accept BTC. I remember Dygits.io had an app, not sure if they are still operating. But you do have to pay to use the services. Most of the "receive sms online for free" sites don't work.

But as others mentioned, using a disposable email like yopmail will work for sign ups. Virtual phone numbers are reused in the future, so if you actually link it to your gmail, there is a security risk once your number expires.