There is no 'real reason'. Rather, there is a main reason.

And that is because bitcoin has come off a huge price hike last year, and this year the cycle has turned bearish. Of course, this has been assisted by the fact that there is a lot of negative media coverage around bitcoin during the last few months as well. But the main reason is still just the fact that we're in the bust stage of the boom-bust cycle for price.

And since BTC is going down, it's taking other cryptos down with it as well.

I would not worry much, since long term growth for BTC is still pretty much guaranteed imo.

Are you talking about BTG or "Bitcoin god"?

If it's stuck as a sell order then it just means that nobody is taking your offer and there is no buy orders to match it. Simple as that. As badly as yobit is run, their exchange engines still work and trades still go through smoothly.

My advice is that if you want to sell it quick at lower than market price, just sell at the highest bid price. Otherwise wait for someone to take your sell order.

But I agree that they are extremely shady and operating overseas, most likely without any licenses as far as I know. It's a risky site to use without any support.

It's most likely temporary.

I don't think that we'll see any major pumps as a result of this recovery. Bitcoin should be still quite bearish despite this short change of trend. I can't really see it being anything more than a temporary adjustment because of the magnitude of the crashes we've seen over the last few months of the year.

A real recovery will only happen when bitcoin has bottomed, and that's not seeming like it at this moment.

Though, I would say that there is a high likelihood that BTC will rise to around $7500 as a result of this recovering market.

Sucks because this could have been easily prevented by using escrow.

Sorry for your loss, you did the right thing to go out here and warn everyone against dealing with this guy. What he's trying to do is probably waste time and make you think that your money will be returned eventually, and he would be able to scam some more people in the meantime. He probably never had any intentions in helping you with the promised solution in the first place.

Whoever you are dealing with, even if they sound insightful and knowledgeable, I'd say that any transaction above 0.01 BTC should demand an escrow so that you are protected. And your amount was well above that. Plenty of free options around as well. Take this as a lesson, OP.

I agree, I think hat we will probably fall more before the year's end.

Right now we are most likely in a bull trap. I don't personally have much hope in bitcoin going up in the short term. I think we'll probably see something like a bitcoin recovery only in a few years time instead of this year.

77 billion market cap is a reasonable estimate and would result in a $4.5k pricing.

Based on the 2013 crash which fell to around 15% of peak value, I think that we'll see something similar with BTC bottoming at $3-4k before making a recovery back up again during the next few years.

I think we will see BTC under $5k at some stage of this dump. However, if the price does go below $5000 it shouldn't end up at that point for too long and a recovery will happen soon enough. So there is honestly nothing to worry about, since we're already near bottom at the $6-7k level.

This is simply because of the fact that I feel like a lot of people who bought in at such high prices are actually newbies that panic sell easily.

I disagree with the comment about the price will recover because of the supply drying up and not the demand going up, because IMO it's probably the opposite. There are a ton of people including me who would happily buy at a level such as $3-4k which builds effective support for the market at that level. So yes, it is indeed limited, but probably not $5k which is just a couple thousand away from our level right now.

Here's the source: https://www.cnbc.com/2018/03/13/google-bans-crypto-ads.html

Obviously they wouldn't start banning the ads now if they promised to deliver it on June. After all they're probably still receiving money from advertisers and since there are so many of them, they probably want to have a phase out period.


Don't ask me. Most legitimate advertisements aren't even on google. However it is extremely suspect that facebook/google/twitter all started banning together, which is why there is a crypto group worldwide that is suing them on this.

It's affecting price simply because traders are making a big deal about it. That's the truth about news and media, it can be used to manipulate markets quite easily even though the relevance isn't even that high. One piece of negative news such as crypto ad bans can lead to a huge panic in the market without any sort of rational reason.

Same thing was said about 2013's pump which was peanuts compared to last year's.

If you think that this time the dump is somehow fundamentally different to all the other dumps, then all I can say is that you are delusional.

Do provide some reasoning on why bitcoin will go under $1k. Even with the fee problem which has now basically gone down to 0, I don't think that anyone would not think that bitcoin is a great buy at that kind of price.

BTW, where were you last year? Did you live under a rock until this January when bitcoin crashed hard just to spread FUD?

I know that you support fiat currencies as a reference currency for balances. However what I meant was that could they be included as a part of the portfolio? For example if I type 'AUD' into the coins I want to add to my portfolio, it will come up with only Audiocoin instead of the Australian dollars that I want.

I would really appreciate it if you guys could add commodities, I imagine that it's probably not too hard to get the values of silver/gold from Kitco or something like that, and I know a ton of crypto investors are also invested in precious metals. If you guys can add support for both commodities and fiat currency, then instead of just being a crypto tracker it could be an "all in one" type portfolio tracker. I'm currently using a spreadsheet to track everything and it's a pain in the butt.

BTW, version 2.0 looks great. Keep up the active development

Yep. It sure seems like that Topparkeds just doesn't have the money to afford to buy the item being auctioned for now which explains the fact that he disappeared then reappeared when there was a concern with his dox being made public. Even now, he is saying that he will repay partially instead of repaying with a lump sum all at once, which means that he probably never had the intention to pay on time in the beginning.

If he had just come out and said that he made a mistake, it would have been more acceptable.

But apparently he decided that just ignoring the thread for a couple of days without communication will be alright, which is definitely not the right way to handle this. That's why I said as well that he shouldn't be trusted, even if he pays back.


I don't think that you can do anything about BTC falling because the whole deal was in BTC. Oh well, we're all in the same boat here 

Yes, any investment schemes on telegram is most likely a scam.

Scammers love that platform to create automated bots to make money for them because it is anonymous, and it makes the user more comfortable since he thinks that he's actually chatting with somebody. Probably cheaper than an entire website as well.

I've seen several HYIPs being hosted on Telegram with a automated bot. None of them are legit.

What you're describing seems like a ponzi/HYIP as well, just using cloud mining as their cover story. Even legit cloud mining is unprofitable, let alone scam ones that will just rip your money off you.

We'll see, it's a shame though that he has to be reminded that his dox will be rightfully released to the public if they don't pay. This guy probably wasn't going to pay back anything if you didn't have that dox. You should have his address as well because you shipped the item to him before he paid right?

This is just another case of escrow not being used/blindly trusting your trading partner. Shows that even high ranking users can make mistakes like this and it can be pretty costly.

BTW, did he give any ETA on when he'll send the rest of the funds(0.09 BTC that is)? Did he give any reason for sending his money in small chunks like this? Either way, he's not to be trusted even if he does pay back.

I don't know if you're being sarcastic or actually believe in what you're saying.

Even though I'm ultra-bullish on bitcoin in the long term, I'm definitely not betting on bitcoin having any major pumps this year. Markets are filled with pessimism that will take some time to change, and not until further dumps happen in my opinion to test where the true support/bottom of BTC at this point is.

I'm not counting on BTC to make me any returns this year, let alone in June. I would like you to justify why you think this way, otherwise don't expect anybody to take you seriously.

e.g. according to you, June will be a month where BTC gets pumped hard, potentially to ATH levels. How will this happen when markets haven't even fully consolidated yet, and is still surrounded by regulative concerns which investors have not fully digested yet?

No, best thing to do is to hold till the next bull season comes by.

If that's not possible for you, then sell when the market recovers to around ~$8000. I believe that is going to happen soon, since we've bottomed out at $6730 today and we've already recovered $500 per coin within a few hours.

I don't believe there to be much point selling below $7000 because that is pretty much the buy target of a lot of people. You're literally selling into the eager buyers hands, and you yourself will probably buy back once the next bull market starts happening and regret your decision. With market cap already below $300 billion it shouldn't drop that much further. I've said in another post I think lowest BTC will go is around $3k. This is why I believe in long term holding, sometimes you are tempted to sell at prices so damn low, yet you're not willing to sell when prices are skyrocketing.

Most of the account sellers are already tagged by The Pharmacist and other active DT members. But sometimes they do miss some cases. Just PM a DT member in that case like The Pharmacist and they should be able to sort it out when they see your message.

Anyways, there is a possibility that the account seller isn't even legit and just there to take your funds. He's trying to get you to contact him through email, off forum, so that he can try to convince you to go without escrow, etc. Plus, the risk of him claiming that the account was hacked after you purchase is always present as well.

To any account buyers, there is not really anything to gain through purchasing an account, there is a risk of you getting scammed, a risk of him claiming the account back, and a huge risk that you're tagged as an account buyer. Thank you OP for pointing this case out, btw.

Yes agreed. I would wait for spectrocoin's support to respond first before making a judgment on whether or not OP is really being "scammed" here. And even though spectrocoin's reputation isn't something to admire at at all, I still strong doubt that they would be scamming a user for $100.

This is the spectrocoin support: https://bitcointalk.org/index.php?action=profile;u=816438. I have PM'd them about this issue, hopefully they can directly respond to OP on the thread.

From what OP has shown they are delaying a simple deposit for no reason. I agree with you LeGaulois because I find it highly unlikely that they would not even bother explaining what the issue is, unless they have inexperienced, terrible support staff.

True, but doesn't mean that it won't happen. Just like how $20k was obviously an extremely good time to sell, but most people missed it waiting for the next pump. Same thing goes for dumps.

It will be an excellent opportunity to accumulate cheap bitcoins while the market is in panic mode. But when the market is fully bearish, you never know when it's going to bottom out and often, the prices will undershoot it's real final bottom before crawling back up. Looking at the dump right now markets seem to be recovering again back up to $7000, a huge psychological barrier since $6000 was the support in January. There is a chance that this dump will be one of the lowest prices we'll see, but honestly i don't see that happening with the climate being so bearish. If there comes another dump it could well take BTC's market cap down below the $100 billion psychological barrier. Again, that would mean prices close to $3k ultimately.

That's just my opinion though, i don't think that $3k is too low for a bottom. But heck, if prices do go that low, I would buy in with all the fiat I've got left

The wallet is still in "suspended" mode on my end.

Not sure when they will fix this issue, I don't think any sort of ETA has been given out officially.

What was the support's response to your request? Did they say that you will be credited as soon as the wallet is opened back up again? Even if they didn't say that, I'm assuming that's going to happen as long as you deposited to the correct address. There is no reason that they can't credit your account, especially if the maintenance of Nano wallet came after your deposit.

Anyways, you just have to wait until Nano wallets are re-opened, and if it's still not there, contact support again with all the proof.

I really doubt that they'll make any major changes to their business model.

The rally that we saw last year really brought out the worst in exchanges. For example, you've got poloniex and bittrex which were previously pretty trustworthy exchanges have people completely lose faith in them because of the fact that they've got no support. Cex.io closed new registrations for a bit, numerous other exchanges are having issues as well.

But at the end of the day, they're still making money from fees and commissions. Plus, the new regulations are not in their control, and governments are more likely to act when the prices are going up.

I predict a move towards p2p trading and decentralised exchanges over the next few years, instead of current exchanges doing any better.

Doesn't mistertango require verification?

I can't think of any other ways other than using Localbitcoins for your purchase if your bank doesn't allow you to send money to Kraken. You could negotiate with your bank, say that you know the risks that they have no rights to tell you where to spend money and where not to spend money. I'm not sure if you're purely looking to purchase BTC, or want to have a bank account of some kind.

Advcash is way to risky to deal with. They're registered in Belize and they don't really do any verification on accounts.

So either go p2p trading, or prepare to get verified if you want a bank account or use some other exchange. You can't really have both anonymity and a regulated, legitimate payment processor.