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3541  Economy / Exchanges / Re: Poloniex Overwhelmed? on: April 18, 2018, 04:24:20 AM
Tried to open an account and was greeted to this message.

"Due to several major exchanges closing their doors to new registrants, we are experiencing a surge in new sign-ups. In some cases, profile verifications may take up to several weeks. We thank you for your patience."
I was able to complete the process and a message indicating that an email will arrive to finalize the process. It has been almost a week and no email has been sent. Has anyone else experienced this?

I've heard a bunch of cases before where poloniex was delaying verification of accounts for weeks to months. So it's not a particularly new problem to poloniex, but the fact that there was a surge of new sign ups definitely didn't help either, I guess.

They're just putting a notice out for an existing issue. It's nothing new to them at all, but they're just choosing to put out a warning publicly now.

Poloniex is pretty unreliable as an exchange due to their unresponsive customer support. If you have any issues, there is virtually nobody that is going to assist you through the process of remedying the situation. And for that reason, the volume of poloniex dropped a lot in recent days. I've also had pending withdrawal issues myself with poloniex, and that problem seems to persisting. Honestly, I'd avoid poloniex for now.
3542  Economy / Speculation / Re: Growth may be just around the corner? on: April 18, 2018, 03:59:49 AM
For the last couple of weeks I have a strange feeling (if I can call it so) that we are already past the point of complete despair, and the new growth is just around the corner. It is not related to the recent Bitcoin price hike, just in case, though someone might have been feeling what I feel and decided to buy in massively. I've been watching Dogecoin closely, and it started growing some time ago (before the recent Bitcoin surge). To me, it is a telltale sign of the market sentiment change. It looks like the market is changing winds and shifting sands right now. I was strictly pessimistic since the beginning of the year but now I don't feel like that anymore.

Am I the only one who has such a feeling?

The biggest dumps are already in the past for this bear market, in my opinion. The big fall was $20k to 10k and the markets have definitely stabilised a lot after that. Right now, we're in a short term uptrend, which could last some longer.

Even though the biggest dumps are over, I think the price may continue to dip below past bottoms in the next few months.

Price growth of BTC will happen sooner or later. I don't expect it to be "just around the corner", but this bear market shouldn't last for more than the end of 2018, and 2019 will be a pretty bullish year as we establish a bottom and undergo a major recovery. Then, I believe that the bull market will come in either 2020 or 2021 due to the halving event, which always creates hype.
3543  Economy / Economics / Re: Is it true that bitcoin immune from hacking & fraud ?? on: April 18, 2018, 03:47:51 AM
Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..

That's why you should never ever store your coins on an exchange.

Bitcoin itself is extremely safe, but if you are entrusting other people to keep your funds like on an exchange, it's no different to traditional banking anymore. All you need to do is to keep your private keys safe, and your coins are safe.

And again, fraud can be easily mitigated by common sense. The irreversible nature of BTC definitely makes BTC payments the payment of choice for scammers to receive.

But apart from these risks which are really not even related to bitcoin itself, bitcoin is backed by numbers, and it's extremely improbable that anyone will find a private key collision, as long as you keep your wallet secure.
3544  Economy / Economics / Re: Crypto is more like “a psychological experiment than a serious investment" on: April 18, 2018, 12:50:37 AM
Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

"I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller.

"To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value.

The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency)

A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said.

Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for? Huh

Tulips had absolutely no technology backing them. They were not a useful mode of payment. Bitcoin just not comparable to the tulip mania, as much as people want to make comparisons here.

Bitcoin will not disappear, as long as people are using the network, Bitcoin will exist.

The pumps last year may have been a speculative bubble, but that doesn't mean that bitcoin itself is a psychological experiment. It's a currency.

Bitcoin's value comes from the fact that you need to use it to transact on the bitcoin network. It is a long term store of value, it is decentralised, it is disinflationary unlike fiat currencies. Like Hydrogen mentioned, he is completely ignoring the economic benefits that bitcoin brings to the table. Instead, he is treating it as if it was merely an investment scheme, which it is not.
3545  Economy / Scam Accusations / Re: NEW SCAM: BEAWARE on: April 17, 2018, 11:38:02 PM
Just received a new scam message via email. It has been sent by noreply@ethernetwork.com and in general contains a notification to let`s upgrade the ETH Wallet to support new SMS feature

IT`S PURE SCAM (fishing) and is sending You to a fishy MEW-looking page, where they will collect Your privkey!

Note, that MEW has no any details about your/someone`s mail address and could not send You any kind of email notifications. As well they never recommend to be used privkey instaed of other more safe access ways..

Do NOT even follow the scam link as the webpage may have integrated even other methods to access Your hardware and get Your data! In case Your antivirus miss that, You can be infected!

Thanks for the warning. Remember that Myetherwallet does not have any sort of email integration. So they will never send you emails or sms notifications saying that you need to upgrade your myetherwallet account details or whatever, because they simply do not collect your email info.

And it doesn't only go for Myetherwallet, phishing scams are common with any crypto wallet. Blockchain.info has seen its fair share of phishing emails as well.

In general, just use your common sense. Hover over the link that you're clicking and verify it first, and search up whether there is actually an official versions of the announcement of whatever the email tells you.
3546  Economy / Scam Accusations / Re: scammer jmscripting/djeezer12 at it again under new identity on: April 17, 2018, 11:31:54 PM
Archived posts: http://archive.is/m155x and http://archive.is/rcJ8j

djeezer12, jmscripting, et al have scammed many people in the past with their currency exchange deals. If i remember correctly, he also operated some scam websites, that also posed as legitimate currency exchange businesses.

Seems like he's back at it again: https://bitcointalk.org/index.php?topic=3337476.msg34910345#msg34910345

The new telegram he posted was https://t.me/bittronikADMIN, just beware of that as well in the future if you see anyone using that Telegram identity. Good job at catching the scammer, op.
3547  Economy / Scam Accusations / Re: GPUShack False/Misleading Advertising - Dishonest Business Tactics on: April 17, 2018, 11:16:21 PM
I browsed through a couple of their offerings and found nothing regarding refurbished/used condition of the goods. The about section does mention it, but not on the actual sales page itself.

This is what's been said on the "about" page:

Quote
gpuShack offers deeply discounted products from the refurbishing arms of their respective manufacturers. All prices are in USD.

All Products sold on gpuShack are thoroughly tested and guaranteed to work as expected, and to meet expectations. Some products' heatsinks, fans, or shrouds, may have light cosmetic damage such as light scratches.

I have a limited knowledge about computer hardware, but I don't think that refurbished goods should be in that kind of condition. That looks very dirty in the pictures that you uploaded.

Anyways, I think they should at least give you a chance to refund since it wasn't stated clearly on the item description page that it was refurbished, and the condition the actual goods are in doesn't seem very refurbished to me. But that's just my opinion.

BTW, this is the right section, since you are accusing them of being shady/scam.
3548  Economy / Scam Accusations / Re: BitIlluminati SCAM ICO on: April 17, 2018, 11:10:38 PM
Yeah, good work OP. Either Hoqu and them are using the same template, or they have copied Hoqu's site entirely. Probably the latter.

Agreed, lending platforms are to be avoided, 99% of them are evil intended.

I sent an e-mail to HOQU, they already know about this and their lawyers work on it. So, BitIlluminati will pay for their tricks.

All lending platforms have the intention of stealing money from their investors, BitIlluminati included. I haven't seen any that don't have that intention. If they promise you high guaranteed interest then that's a sign that they are a running a ponzi scheme.

They're offering the same thing Bitconnect, Regalcoin and all those scamcoins are offering. Their assumed business model is only a cover story for their ponzi scheme. It's a site/coin/ICO to be avoided for sure.
3549  Economy / Scam Accusations / Re: not calling DEBITUM NETWORK a scam (yet)...but it doesnt look good on: April 17, 2018, 01:23:28 AM
I don't know how it can be verified that the posts are definitely copied from the telegram group, since it is a closed group. I believe you, though. Even if they are not a scam, they are still using sockpuppets to advertise their ICO.

Could you link some of the posts that you you have screenshots of though? I'm having trouble finding the posts.

The accounts that you listed are all created at around the same time, and have a similar history. I wouldn't be surprised if they were alts.

Bumping these ANN threads with alt accounts or using a paid service is not only banned by forum rules, it also shows that they have no means of generating organic interest, and have to constantly bump up their thread to garner a tiny bit of public interest, which generally means that their project is not worth investing in or just a scam.

Good finds.
3550  Economy / Speculation / Re: Website to follow McAfee's $1,000,000 model on: April 17, 2018, 12:33:07 AM
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:

https://fnordprefekt.de/

If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.

It's a bold prediction for sure, especially when you are looking from the outside in in a bear market.

As you said, you never know how high bitcoin goes in a bull market. It's not impossible for McAfee's predictions to become reality, although, I'd say safely that the chances of it actually happening is very very low.

We haven't seen bitcoin go 100 fold in 2 years before, and I doubt it's going to happen straight after 2017's pumps have come to an end.

Ultimately, bitcoin will reach $1 million, no doubt. But McAfee's prediction is restricted by time, and I think that he may very well run out of time as inflation isn't really that big of a factor in a timespan like 2 years. And when BTC does hit that kind of figure, fiat would have depreciated by a lot.
3551  Bitcoin / Bitcoin Discussion / Re: Stock market principles needed in crypto world: SEC official on: April 17, 2018, 12:29:40 AM
Regardless of their intentions, I can see a lot more regulation in the crypto space with the years to come.

It's actually good to have regulated and registered exchanges, rather than having unregulated ones, if it's solely for the reason of keeping them honest and making sure that their assets in reserve match up with the liabilities. However, what I worry about is if the government starts surveillancing crypto purchases and make draconian KYC laws, which make it close to impossible to trade BTC.

However, if that does happen, i suspect that trading will just move to decentralised or p2p exchanges.

Good or bad, it's not going to affect bitcoin itself. Governments can only regulate bitcoin related businesses, and cannot control bitcoin itself, which is one of BTC's biggest benefits.
3552  Economy / Scam Accusations / Re: Attention Scammers Sergo!! on: April 16, 2018, 11:12:09 PM
Okay, so if I grasped the situation correctly:

1. Sergo claims to be an exchanger that will exchange your PM vouchers for BTC
2. You guys reach a deal for exchanging PM vouchers on telegram
3.  You send him your PM voucher via Telegram
4. He promises to send funds, but never does.

Is that what happened? The address that he was supposed to send to was this: https://blockchain.info/address/3QrEKsdTpH1REbrVXyfqvZbGxSErxXzrSg, correct?

You should have never sent money first to a Jr. member with no reputation, especially if it's $400... Take this as a lesson.

BTW, please delete the last post which had the correct format and instead, update the OP with the correct format. Try to make it nice and clear instead of chunks of text which is hard to read, so that he gets tagged as soon as possible and doesn't affect more users.
3553  Economy / Exchanges / Re: Bittrex trash new layout on: April 16, 2018, 11:06:16 PM
omg guys this new layout is very trash  Tongue

I actually find it better than the old layout, believe it or not.

Maybe it's because of the darker colours, but I think it just looks more professional as a whole after the update. The candle charts are now bigger as well, which makes it way easier to see compared to the old layout.

But I still wouldn't use Bittrex. It's not about the layout, but after they removed legacy accounts there is no point in using them since you need to get verified before you can withdraw, which makes the pretty much the same as everyone else.
3554  Economy / Scam Accusations / Re: Clairety AI ICO is SCAM - here is my PROOF on: April 16, 2018, 10:21:38 PM
Simon Cocking is listed as the Advisor, yet, he stated he doesn't know anything. Below I added the images as proof (to make sure they don't change anything).

1. Simon Cocking listed as Advisor on Clairety AI website:
The Screenshot: https://i.imgur.com/OsPgaFy.png

2. Simon Cocking tweeted he doesn't know about it:
The Tweet: https://twitter.com/SimonCocking/status/984398097005662208
The Screenshot: https://i.imgur.com/K7d6TC0.png


This is their ANN: https://bitcointalk.org/index.php?topic=3185946.0
This is their Bounty ANN: https://bitcointalk.org/index.php?topic=3191181.0
This is their Username: https://bitcointalk.org/index.php?action=profile;u=1879624

Simon Cocking's linkedin also doesn't show that he is currently affiliated with any operations in the Clairety Inc ICO.

The Twitter profile of Simon Cocking seems legitimate and there would be absolutely no reason for him to lie about his non-involvement in the Clairety ICO. So it does seem like that Clairety is lying about their team here.

A common tactic for scam ICOs is to use fake profiles for their team, because their real team has no real life credibility or there is simply no team.

This is a very shady ICO that I would definitely avoid investing and participating in. It's enough to deserve them a neg, as well, which they already got.
3555  Economy / Speculation / Re: Website to follow McAfee's $1,000,000 model on: April 16, 2018, 10:09:11 PM
McAfee claims that he has made some mathematical models to estimate the price of Bitcoin by $1,000,000 before December 31, 2020. On this interesting website, you can follow his model/bet and see if we are on track:

https://fnordprefekt.de/

If we are above the red line, or touching it, we are in good shape to reach the $1,000,000 prediction, if we go below, it would mean we are oversold, and therefore a good time to buy the dip. So far we are right on track after the big dip.

Either he is delusional, or he's merely interested in trying to get as much media coverage as he possibly can before 2020, when he will be proven to be dead wrong.

I do hope that nobody gets misled by this. I too can draw up a random parabolic curve and say that we're currently on track of hitting $10 million per bitcoin by the end of 2020. There is absolutely no analysis that goes into this.

Plus, just thinking about this logically, is bitcoin's demand really going to go essentially 150x within the span of 3 years? I don't think that's happening. Inflation in 3 years is unlikely to go to these levels, yet.
3556  Economy / Exchanges / Re: Besides CoinBase to buy + store coins - recommend a good/better alternative ? on: April 16, 2018, 09:28:02 PM
If you're in the USA then use Gemini or Kraken like OmegaStarScream recommended. You can also use localbitcoins if you just want a convenient transaction, and you don't want to go through the hassles of having to verify yourself.

For storing BTC, coinbase nor any other exchanges is definitely not ideal. I would download electrum since you don't need to sync the blockchain and it's just as easy to use as any exchange wallet. Once you hold money on an exchange, you have no direct control over it.

YOBIT IS THE BEST EXCHANGE.
I have about 100K + more USD in Yobit.

Well, that's just stupid. I definitely recommend you get out whatever you've got on Yobit out as soon as possible, if you aren't trolling, ofc.
3557  Economy / Service Discussion / Re: Is https://asicminermarket.com legit? on: April 16, 2018, 09:09:25 PM
Most likely, it's a scam just looking at the site design alone. THere is obviously a chance that it's legit, but would you really want to take that chance at all when you can buy from other legitimate hardware sellers?

From some research it seems that it allegedly works for some, while others swear it's a scam. In the first link, you'll see mostly scam allegations and in the second link you'll see a lot of comments assuring it's real. That said, it's really up to you if you want to trust them. Alternatively, you could go the bitmain route-they are very reputable-though you might experience a large wait-time due to demand.

https://bitcointalk.org/index.php?topic=1574457.0

https://bitcointalk.org/index.php?topic=1969512.20

Cheers!

Again, check out the scam accusation thread. There are clearly people who have been scammed, and I don't think that is disputed. Some have been ignored via email, and one person actually had to dispute the transaction on paypal to get his money back.

OP, please don't use it. The risk is just too high, imo, when they already have a track record of being potential scammers.
3558  Economy / Speculation / Re: Bitcoin price raised by $1000 within one hour. Is it a good signal? on: April 16, 2018, 08:59:21 PM
As we all know that all other cryptocurrencies prices tend to follow the fluctuation of Bitcoin. Today morning BTC price went up by $1000 only just within an hour. It's been a while since this big jumps. What do you guys think? Is it a good signal for all of us?  Cheesy



It's probably not a signal of a bull market. Although some people think that it is, I simply do not see any evidence of the momentum that is required for this pump to result in a outright trend reversal.

I would actually not buy right now because prices are high compared to previously.

As pooya said, when prices drop that's the real signal to accumulate. Right now, the rise in price is just that, nothing more. Not really a signal, unless you're a trader and you want to take some profits from your buys @ the dip.
3559  Economy / Speculation / Re: What now? on: April 16, 2018, 04:06:56 AM
As we see the bitcoin value is gradually decreasing again on this moment  which is from 8k the price fluctuate back to $7900 , now we need strong explaination about this which is if it's a normal correction of price or it will decrease gradually  again back to the bottom.  ?

Resistance, at $8k+ as expected has been pretty strong, as I've expected.

The price decrease yesterday was a minor adjustment, probably due to profit takers as bitcoin has obviously risen for a few consecutive days. Although the price had gone up again today to $8150 at the moment, I don't think that we're really in a newly refreshed bull market.

It'll be hard for BTC to advance past $9k in this rally, let alone hit the 5 digit mark like some people have predicted. IMHO, that is just not happening. The bullish momentum isn't strong enough right now for that to happen, in the midst of a market with strong bearish sentiments. I think the price will hit $9k+, then gradually make its way down again, probably at the end of the month.
3560  Economy / Speculation / Re: This is not the rise you are looking for on: April 16, 2018, 04:01:03 AM
As we hope it to rise, always looking any rise like a saver but instead they seem like to a trap.
Just look at one month ago what happened from any graphic, from 7200 to 9200 it was a wild process it just rised too fast then everybody believed it is real and jumped, left with a bag in lap ,it came back to 6ks. So calculate well it s the same guy again moving, it will rise then another rise then a big fall. if it rises too steep that means it not natural, if its not natural grace yourself  Kiss

Well, this pump is definitely different from the last one. The price had stabilised completely before this started.

But still, I think you've got a point here. I simply don't see sufficient bullish momentum for this to actually turn out to be the end of the bear market. Or at least, I'd be extremely surprised to see it. People should take a step back and realise that even in bear markets, pumps like this do happen. But it doesn't signify the end of the bear market, at all.

I think that after this rally we will continue dipping, until the effective support at $6k-7k is hit. Right now a lot of people are buying because they think this is the start of bitcoin skyrocketing again - it's just not happening this early on in the year.
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