Yeah, I'm guilty of selling--but it wasn't to cut my losses. There were things I needed to buy that I couldn't with bitcoin, which is unfortunate. I'm really looking forward to a time when I can but cat food and asswipe with crypto. Currently I know of no good way to do this aside from buying gift cards, and if that's the only option then just converting to fiat is much easier. I do wish I could have held onto what I had but I'm not crying about it.
Well, obviously if you are just looking to cash out BTC because you need to buy something, then cash it out. There is no point holding onto bitcoin forever if you're not going to spend it at some stage. It's like saying that I'll buy groceries later because I feel like that we'll get more by holding onto my BTC, these kind of expenses just can't be avoided. It's different for if you're a investor in bitcoin though. One of the conditions to start even investing in BTC is that you're putting away money that you have saved up, and you don't need urgently. If you're panic selling because of the fact that price is going down, and you're cutting losses, then that's not a good decision to make. But some people are forced to cut losses, because they used margin trading or borrowed money to trade. Another reason why you shouldn't do that. |
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Hitting a new all time high seems very optimistic in mid may.
Anyways, I can definitely see it happening if the conditions were right and people are optimistic about the future.
The price floor for BTC currently is around $10k or so. Which is up around 60% from the low of near $6k. It's pretty much exactly double the price of right now and 90 days seems to be a fair amount of time to do it.
Although perhaps we may have to wait for the close to the next halving to recover and get a new ATH if people get scared by more government bans.
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Yes i know guys it is just my fault, i am aware of that, i just wanted to inform community to do not follow my mistakes.
I hope no1 else will lose his funds.
Cheers and wish u guys best.
Thanks for letting us know. Obviously there is some fault at your end for not doing your research before you bought anything off of these guys. But I don't think it's fair to say that it's all your fault for getting scammed. Don't forget that scammers are the real ripoffs here. As a general rule of thumb, if you see any site that is not an official reseller or does not have proof that they are an official reseller/partner of the manufacturers, or at least have original pictures of the rigs instead of pics from google, you should avoid them. A lot of them do accept paypal/cc though, if you aren't sure and you really want to buy from them at least use PP so that you have a chance of charging back. But don't even use them from the beginning I'd say. |
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My rule of thumb is that I never deal with paypal & reversible payments on localbitcoins. It can be deceptive because you think that you're safer on localbitcoins than if you traded without an escrow, but in fact, escrow can't help you on chargebacks.
Either do your research & only trade with people that have at least 1000 positive feedbacks with reversible methods, or prepare for your payments to get reversed at the end of the day. Just because someone sounds legit doesn't mean they are, do your own due diligence.
Thanks for coming out with this excellent info.
I find though that paxful has a lot more scammers than LBC, and generally if you deal with non-reversible methods on LBC with a tursted seller you aren't going to see any issues.
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Bitcoin looks above $10K, may resistance await ?
The main resistance at $9500 didn't really consistitute any resistance whatsoever. Bitcoin has already broken the $10k mark as well, on Chinese New Year day. So it's good news all round for bitcoin. Went back to under $10k again, though, just an hour ago and seems to be some resistance there. So no, it's not all clear at this point and there are going to be challenges and ceilings to break before we see $11-12k. But the overall trend is bullish and it's wise to hold your coins by all indicators at the moment. Coine's adviser based on RSI is recommending to hold as well, right now. This pump can definitely be associated with the chinese new year as well. No question about it. |
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I agree with TMAN completely. Ask zazarb to freeze interest, and lock the loan in USD or AUD, if you're from Australia and is worried about any forex frisks.
Zazarb agreed to even reducing interest, at this point. I think that he would be more than happy for you to repay a lesser amount, even though the contract in the beginning may state otherwise. Obviously you'll have to work it out with him.
At least by doing this you have a target to work towards... Otherwise if BTC continues its way up you'll just have to keep paying more and more. But next time fix the loan in USD first, take this as a lesson. I know you're not the kind to want to go through all this, but this is your mistake. Do better next time and everything would be fine...
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Does the current bitcoin rise indicate that the bitcoin has recovered from the price of last week's week?
It's up around 50% from the all time low for the year, so yeah. I think that we can safely say that we're in a new uptrend and this uptrend seems decently strong. Unlike with the $20k resistance, the $10k resistance didn't really respond strongly to the pump this time round. yes, the current price which is above $10k proves that the downtrend is now officially over and we are back on track. this price is special because it is one of the biggest major supports that bitcoin has at this range and it works as a barrier.
i was kind of expecting a bigger rise after $10k though, which is strange that it is not happening yet.
Yeah, same here. I don't know what's holding BTC back at this stage, but sure looks like a correction at the moment as BTC has gone below $10000. Can go above quite easily once again, though. |
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BTC broke above the 9017 resistance point which was a low produced on January 17th, 2018 from the GDAX exchange.
The next resistance level is 9499 which was a high point on Feb 3rd before the last drop.
Why is this important? Because BTC will be producing higher highs and higher lows which is the definition of an uptrend. This suggests that the previous low MAY have been the bottom price for 2018.
I say _may_ because BTC is still in the downwards trend channel. Once it breaks out an over the upper trend line, I speculate that it's off for a bullish (and volatile) run for 2018.
$9,499 has been broken without mush resistance and the bears do not put up much figh at that level. A's at the time of making this post bitcoin's price is $10,107! I see the next fight around $10,250 if here is broken then I will believe that the bullish trends has commence. Yep. We're currently down a few hundred dollars from today's high, though. I think that markets are still preparing for a full on bull ride, and right now it's just not ready for that kind of action yet. Support at $10k hasn't been fully established yet, for bitcoin to continue its way up. Give it some time, though. We're in the classic adjustment phase and when that passes, we'll see some bullishness once again. Short term speaking, I can see alts going down a bit from the high. Right now bitcoin dominance is still below 40%, it'll correct itself soon. |
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Since yesterday bitcoin price is slowly increasing.
I think it will recover soon and touch the new height..
I'm liking the current growth so far. It's steady without any major peaks and troughs. This is a sign of a healthy recovery instead of just a dead cat's bounce before another dump comes in play. The Chinese New Year has been a huge factor it seems in assisting bitcoin recover so quickly up to $10k+. Whether that is psychological, I have no idea, but people seemed much more positive with the CNY coming. I don't think that we'll see a new all time high any time soon, although it could be possible. I can definitely see a high of $15k coming, though. |
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Participating in multi bounties is against bct rules?
where can i find bounty rules topic ?
Bitcointalk does not have any official rules about bounty campaigns. If you want to join multiple bounty campaigns then the right is yours. However, you have to make sure that you do the work up to the manager's standards, otherwise you may not get paid at the end of the rounds. The managers are the ones enforcing the rules, not bitcointalk itself. Just like providing a service, you are expected to do your work up to certain standards. No difference with bounties. |
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All this talk about bear market for years, you guys were saying the same thing when China initially banned ICOs/Exchanges back in 2017. Truth is no one don't knows what's gonna happen, so you're pulling numbers / dates from nowhere. All you say is just a pure speculation, no hard facts. A hard fact though is that cryptocurrencies are the future and the only way to stop them is to completely ban them in all leading countries. And even that would not change anything, because like supply & demand works in the market, the same way it would work with countries banning crypto. The more countries decide to fight cryptocurrencies, the more value a country will get if they decide to support it. And once that balance is shaked and one country starts getting too much value from it, others will have to reconsider their standing as well.
If you believe in the long term of bitcoin, why bother getting killed by short term news? Don't even bother reading about most of these news articles because they're all the same. x government does this, bitcoin crashes. Or bitcoin is a fraud or a ponzi. We've seen these situations many times and for the 10 years that bitcoin's in existence for, holding has always been the best strategy that you would have taken. You can never trade without emotions, otherwise. Again, if you believe that crypto is going to be the future, then you should make up most of your portfolio with crypto and basically ignore all short term fluctuations, unless there is a really evident bubble going on. |
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this is a crazy projection i have in mind, i don't know how accurate this theory will turnout to be, and please call me an idiot if you disagree with me, but i think i may have recognized a long-term pattern in the price of bitcoin. this thought popped in my head when i was digging through the roots of cryptocurrency out of curiosity and boredom, and ever since i found this pattern i can't stop thinking about it. i'd love to hear the opinions of this from real crypto experts/aficionados. as most of you know, the block reward currently stands at BTC12.5 and gets cut in half every 210,000 blocks. i always knew about this and didn't think much of it. that was until i came across this passage from an archive of bitcoin.org as it appeared in early 2009—just weeks after the first block was mined—which i believe was written by satoshi himself. Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years.
first 4 years: 10,500,000 coins
next 4 years: 5,250,000 coins
next 4 years: 2,625,000 coins
next 4 years: 1,312,500 coins
etc...
i am not 100% sure if this was actually written by satoshi, but whether it was or wasn't, it still comes from a very credible source. what really boggled my mind was the fact that whoever wrote this didn't mention anything about the mining reward halving every 210,000 blocks, but instead roughly estimated it halving every 4 years. their prediction didn't seem to be too far off, considering the fact that the first halving occurred in the fall of 2012, and the second one occurring during the summer of 2016. but this really made me think long and hard... could it be possible that the halving of the block reward impacts the price of bitcoin in significant ways? i mean when you fast forward 4 years after the blockchain was born, in 2013, it went from being as low as ~$14 to astonishingly rising as high as $1,100+ all within the same year. and fast forward another 4 years to 2017, we see another astonishing jump in the price, with lows being under $900 and highs surging past $19,000 in the same year. based off all of this information, i honestly can't see the rest of 2018 being a good year for the crypto market—as much as i hate saying it, because it goes against everything i'm invested in. but that isn't going to stop me from hodling, because i think 2021 will be the year we finally get to see bitcoin pass $100,000. please let me know your thoughts on this. i hope my prediction ends up being right, and if i'm wrong, then so be it. i'm confident about this theory enough to put my money where my mouth is—unless one of you crypto geniuses talks me out of this crazy way of thinking. This has been suggested multiple times before, so it's definitely not some crazy speculation. And these cycles actually make sense, because it's not just psychological. Bitcoin rewards are actually being reduced, and it essentially means that price has to go up to compensate for this drop off in emission of bitcoin. First half of 2018 could still be an okay period, since we're just recovering from the crash. But second half could see some negative growth in price and trading volume. Media interest may not be as much as it was before. Come year 2020, though, I think there is a huge possibility that prices will rebound from a crypto winter, if it does happen. |
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Sometimes this happens. And then the txid actually turns legit in a few hours/days time when it actually gets broadcasted to the blockchain. Perhaps they have generated the transaction but haven't broadcasted it, that's all.
But still, I don't think that it's acceptable they're doing this. They're probably scaring a lot of newbies and based on their track record, they probably have the right to be worried to be honest.
@OP, nothing we can do to help you here. Your only chance of getting your money back is to contact the poloniex support, tell them in full what happened and urge them to process your withdrawal ASAP. No guarantees when they'll actually do it, though.
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Uh oh Chinese new year is 1 day away and people are cashing out and bitcoin will be falling again starting today.
We're seeing growth in the exact opposite direction, though. As I've said in previous posts, I think that it's still a bit of a myth whether Chinese New Year actually affects bitcoin prices or not. But the myth is so huge and so many people believe in it, that it's actually becoming a reality. Either that, or it actually does happen. It makes absolutely no sense for markets to go backwards because of Chinese New Year though. Let's assume that Chinese people do cash out before CNY in order to buy gifts or whatever in preparations for the new year, then the crash would have came way earlier than today, and from tomorrow on price should actually start recovering. If this isn't true, then price should not be affected whatsoever. None of these outcomes specifically results in a falling BTC price. |
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Gobs of Asian money about to pour back in. Fasten your seat belts!
Um, we haven't even hit Chinese New Year. I think that the most likely scenario right now is that we're seeing western money pouring back into bitcoin, in anticipation of price going up. The Asians are probably going to stay put, until after the CNY celebrations which is next week. So I'd be watching the prices long and hard next week for sure. This isn't even the main pump. If Chinese, Korean, and Japanese money does flow back into bitcoin at last, $10k should tumble pretty quickly and we could see that this is one of the last times we'll see 4 digit BTC prices within a month or two. |
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How is bitcoin's supply growing unsustainably?
The supply of dotcom bubble companies was growing unsustainably, but bitcoin's coins in circulation is barely increasing and is following a tight schedule that can't be manipulated by anyone other than community consensus.
If anything, the supply of BTC will actually be staying the same or even decreasing considering the amount of coins lost each day, in a decade's time. So no, that claim is just completely off.
If BTC does go to $900 then it just means it's another dip to buy. Means nothing else since BTC will bounce back much stronger.
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Transaction is completed, and even though there is no memo, poloniex doesn't seem to require one. And also your transaction is well above the 20 ripple that is required to keep an address active at the start, so I don't see any reason for poloniex to be delaying your deposit apart from them being shitty with customer service. It's quite a common issue and it's these issues that are deterring people from using poloniex. Wait for a response from them, for me it was quite fast but it could be slower for you. |
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Now that I've figured out how to pair my MEW to the EOS blockchain. Can I keep transferring EOS to my MEW or was that pairing only done for the tokens that I stored in my MEW at the time I did the pairing?
I would like to bump this because I am in the same situation. I bought my eos tokens on an exchange. Do I have to have move everyone of them I own on to MEW during the registration process in order for them not to be frozen or can I leave some on the exchange? If I have to have them all on MEW during the registration process would it be possible for me to put them back on the exchange and not have them become frozen june 1st or do they all have to be on MEW when june 1st rolls around? Thank you Exchanges will most likely let you withdraw the EOS Ethereum tokens, which can always be converted to actually EOS tokens at any stage of the transition. However, withdrawing your EOS to a wallet is probably recommended since you have more control. I'm pretty sure that there won't be a situation where your EOS is "frozen" or anything like that. Obviously, if you aren't going to trade EOS actively then simply withdraw to MEW or Exodus which is what I recommend, so that you get more flexibility come time for the mainnet to launch for EOS. Even if you want to trade you can probably withdraw some now. |
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Can you provide more information on this as I can't understand what exactly is the problem  Did you deposited to a wrong address? or sent a cryptocurrency to an address of another cryptocurrency? Please provide as much detail as possible. no. im have balance ignis in vip.bitcoin.co.id,then i'm withdraw ignis from vip.bitcoin.co.id to my bittrex account. but,i'm wrong put the message/tag/memo in my withdraw ignis to bittrex. in rules bittrex "If the message is not included in your transfer, we cannot credit your account." how i can solved the problem ? Usually, exchanges will be able to help you as long as you can prove that the coins came from you and not anyone else. The problem is that if they don't want to help you, which they should, they can simply tell you that they have clearly said if the memo is not attached then there is no way they can credit your account. Also, you will need to contact the Indonesian exchange to provide proof from their side like a signed message. Otherwise, you have no chance. Next time, transfer coins from exchange to wallet, before depositing into another exchange. |
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Escrow for Selling transaction: what is available today? I have to make a selling transaction, what it's out there today can help me to make a safe, smooth transaction and how should works? thank you in advance for any help  Your only options are probably going to be localbitcoins escrow/paxful escrow for currency exchanges, if you're selling goods you could potentially use bitsify as an escrow as well. Other than that, you'll just have to go with forum escrows. I'd argue that most of the forum escrows are a lot more trustworthy than sites that are supposed to be designed for only escrowing transactions. And yes, as potato chips has mentioned, always ask for a signed PGP or bitcoin message with the transaction details if you're getting an on forum escrow, so that you can make sure it is the real guy talking to you. |
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