Ok guys, please share your experience with BTC debit card with the best possible exchange rate, as close as possible to the market rate.
Wirex is by far the worst in my experience, over 100 EUR difference per 1 BTC between Preev or Bitstamp rate and what they offer. They say they use "wholesale" rate, how is that one calculated, I have no idea. Cryptopay is about $100 difference, so a bit better. What do you guys use to get the best possible rate?
I haven't used any other services for bitcoin debit cards apart from wirex and cryptopay, since most of them require verification and I'm looking for mainly anonymous ones. I would definitely stay away from wirex since their fees are incredibly high, and every action you partake in results in a hefty bitcoin blockchain fee. Apparently this is necessary, but it is really not if they just stored their btc on an exchange. I'd choose cryptopay over wirex any day. If you are willing to provide ID then i would recommend Bitpay. I've heard some good things about it and fees seem to be pretty low. |
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Should have never invested them in the first place. I have warned users against investing in any sort of cloud mining service since day 1 and still people seem to think that cloud mining is a long term investment capable of earning them thousands - far from the truth.
But apart from that, this is filthy, scummy behaviour from Hashflare. Nothing else i can say.
This is like a paypal chargeback, except worse. You don't even have a say in this. When people bought the contract, they expected it to run until maintennance fees were more than what they earned, not 1 year. I guess the greed has gone into their management's head alittle.
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Seems like a lot of users on cryptopia trollbox is complaining about the same issue so this isn't an isolated issue. I wonder if this is related to the recent email hack that resulted in 100 million+ email addresses as well as some passwords being hacked. It could be possible, but then it could be just some phishing attack that got around recently. The 4chan user had emails sent to him about login failures, which means that they may not know the actual password of the account. But somehow, he broke into your account which is even weirder. Contact cryptopia support to see what they can do for you. |
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If I use my pool or a site like bitrex as a wallet and I "withdraw" my payment to buy machines from bitmain/canaan will this cause any kind of issues?
As long as this is not a gambling site of any sort that involves on-chain betting that requires your actual bitcoin address to return the winnings in bitcoin to, then you'd be fine. Also i would not recommend depositing to any potentially illegal sites on the dark web by directly withdrawing from bittrex. Bittrex could easily catch you and suspend your account(which is something that coinbase does a lot). You'll lose a bit of privacy if you do this direct, but you'd be saving on fees. But there shouldn't be an issue if you are just buying mining equipment. |
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https://www.bloomberg.com/news/articles/2017-08-30/bitcoin-exchange-sees-complaints-soar-as-users-demand-moneyThe most popular online exchange for trading digital currencies is generating a surge in customer complaints this year even as investors are lured by a dramatic rise in prices.
The U.S. Consumer Financial Protection Bureau has received at least 293 complaints about Coinbase Inc., according to data reviewed by Bloomberg. That compares with about six complaints for all of 2016, and makes Coinbase the biggest recipient of CFPB virtual currency complaints this year. The website has struggled to keep up with spiking volume and longer transaction processing times as the value of bitcoin and other cryptocurrencies soared to record highs.
More than a third of the grievances came from individuals who said they were unable to access their money when promised. Many people also complained about other transaction or service problems. Accusations of fraud represented less than 15 percent of the complaints. Brian Armstrong(founder of coinbase) has actually addressed this in his post back in June: https://blog.coinbase.com/improving-customer-support-139d99e72876Honestly i do not see anything being done after that post has been posted. The customer support is still full of delays, buying and selling bitcoin is still full of problems that could be easily solved if you just hire a dev to fix it, and the whole process is not smooth. Yet, they are out there advertising themselves as the easiest platform to buy and sell btc and ethereum. THis is misleading advertising and incredibly shady behaviour. |
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Yes it's good to do, looks bitcoin price movements leads to high and from some bitcoin price forecasts will continues to increasing, that's things can be proven investing bitcoin will be good to do. And it seems now that the good expectations of bitcoin as an investment started to looking, i'm sure the price will continues leads to rising and already many peoples are making sure bitcoin prices moving on higher direction in the future.
Not really. Right now the bitcoin price is in a bubble and you never know when the bubble is going to pop. When it does, and you have your entire life savings in bitcoins, you are essentially going to be pretty screwed. I think that the price is going to go higher than right now before finally a major adjustment. What i would recommend is waiting for theat adjustment to come first before your put your fiat into bitcoin. If you are eager to get at your hands on some btc right now, then get like 1 btc and keep the other 1 btc worth of fiat in your bank account. That way, if bitcoin crashes, you will only lose half as much. |
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This is an obvious ponzi scheme for anyone that has a brain. Jet-coin has not even made an effort to conceal this fact. It tells you about the "my digital btc" which has nothing to deal with anything at all, and then it starts promising you an unlimited amount of bitcoins daily.
This should be the first warning sign already, as it is common knowledge that there is only ever going to be a finite amount of bitcoins. Bitcoins can't be just created out of thin air the same way that fiat can.
Anyways, this Jetcoin 2.0 thing likely has nothing to do with them "caring about their customers" at all. It's just to scam more money out of stupid investors.
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When you have such small trading volumes i wouldn't suggest doing any trading of the major altcoins, aka speculing on altcoin price. Not only is this incredibly risky, it is probably not going to yield you much even if the coins does go up and you'd essentially lose everything you earn on transacion fees.
If i were you, i would just keep the coins on paxful. Since it's a small amount, i would definitely work on trading medium to high risk payment method such as gift cards or paypal. Develop a cashout method for yourself, every trader has a different one themselves.
Just make sure you deal with people that you deem legit only. Otherwise, you're just going to get conned.
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Hey there, would you be able to accelerate this transaction for me? https://blockchain.info/tx/5b4b5ce768c0b625437172757c4e6d316e69198e7ac06493cead8b75ed1741edIt's a loan repayment, but the borrower did not put enough fees per byte to get the transaction included in the first few blocks. It would be nice if you could help out, because i'm holding some litecoins as collateral and he needs it back asap. BTW, how do you do this? Do you enter in the TXID in the Viabtc accelerator or do something else? Anyways, thanks a lot! |
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hello folks
I am currently looking for cloud mining website, I know a few but I would like to explore more and know whats on the web and why are they better then others.
here is a few I know :
- genesis mining
-Pool bitcoin
-hashrate24
thnx for the info
If you really wanted to invest i would go with genesis or pool.bitcoin.com. Nothing else, because they are all shady af. At least you know that genesis owns some mining rigs and pool.bitcoin.com is 100% mining since they are a pool themselves. These are probably two of the best available cloud mining sites, and yet they are still utter trash. Don't expect any profits from this. If you use their mining calculator you will see that you will earn a pretty cool amount, but after you deduct the amount of fees you are paying on a daily basis(around $50 per day on a 100TH/s plan), it's not worth it at all, especially when difficulty is probably going to increase in the future. Invest in something else, it'll be more worthwhile. BTW, Cex.io discontinued their cloud mining a wihle ago didn't they? |
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You really give an exact number, I am wondering from which source and how you get those numbers, but anyway I wonder why in December the price go down again, usually the price on December is the highest and any particular reason the price go up in October and November?
These an estimate numbers calculated on current trend and other factors. From last December prices have increased in steep manner. Before that i haven't came across any info. May be you could help me. Past performance of bitcoin says nothing about what it is going to do today, or tomorrow. I'm not saying that you are wrong about putting your predictions out here at all, in fact, this is an entire subforum devoted to people's opinions. I'm just somewhat doubtful about whether your predictions are necessarily accurate. For instance, what makes you think that bitcoin is going to top out at $7k this year? I think this is unlikely, considering the fact that the bubble may pop at any given time righ tnow. Also, what makes you think that the most growth is going to happen in November? These are all questions waiting for your answer. |
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Well, meatmeat hasn't been in contact with me for 6 days now and it is most likely that he is going to default on his loan. It is sort of strange though because he paid back a loan before of a greater amount, but defaulted on this one.
I suspected his account to be hacked because he requested a loan from me with an address that wasn't used by him before, so i informed him about it and he said that he was indeed hacked and changed his pw. I'm confident that i was lendng to the real meatmeat, as he provided a signed message. It is likely that you were talking to the hacker of tytanick and meatmeat, though.
I haven't received any messages from tytanick though.
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He was the guy behind Expedia which was one of the first major travel companies to be accepting bitcoins, so therefore i don't think that you are wrong at all in saying that we might be seeing Uber taking bitcoin soon. We've seen uber drivers already accepting bitcoin as tips as well. Accepting payment direttly in bitcoin for uber will be a challenge though, because not every driver will know what it is and not all will be able to acecpt it. This is just another proof that bitcoin has gained so much traction over the years that it's been around. It's got adopters all over the place now, even CEOs, and new users are joining everyday as well. I just hope that we can see even more merchants accepting btc in 2, 3 years time that you can comfortably live off bitcoin only. |
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Your competitors are currently offering a much more attractive service by having no blockchain fees when loading and unloading the cards. I'm not talking about deposits and withdrawals(which you also charge fees on), i'm talking about loading and unloading.
Why can they do this, while you charge us like $3 for every action we make, even if can be done completely off chain? ON TOP of existing bitcoin market spreads and other fees.
Well said. I tried to hint that the fees are too many too big, while the exchange prices are already so bad they could cover everything, but yeah, hints don't work as good as the clear explanations  I've just paid some 8 EUR "transaction fee" today at Wirex, so I am clearly not happy about that. The current feex on the network is 60 satoshi / byte so the huge transaction fee is clearly a problem, maybe even an error. Precisely. Wirex is clearly not getting the point here.
Why not store some of your money on an exchange(not all ofc) if you were going to send it to an exchange anyways? As a business you can afford to at least do that, right? It'll probably cut down transaction fees by at least 30-40% just by doing that. Your exchange rates are already pretty crappy, and on top of that you're charging us more than average transaction fees to send our transactions. I really don't get whether this is something that is incorporated into your profit model, or just really poor management. |
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Bitcoin’s value is skyrocketing today on August 29 reaching an all-time high of $4,650 per BTC across global exchanges. Bulls don’t seem to be letting up as the price continues to climb after short periods of pullbacks as $5K per BTC could be just around the bend. Bitcoin Surpasses Another All-Time High After a solid week of bouncing around the $4,250-4,350 range, bitcoin markets kicked into high gear on Monday after the weekend, reaching a new all time high. At press time the price per bitcoin is hovering around the $4580-4630 territory and sell walls look extremely flat on many popular exchanges. Bitcoin trade volume has been strong commanding $2.2B worth of trades over the past 24-hours, and bitcoin dominance is averaging around 46 percent. The highest trade volumes for bitcoin right now are currently stemming from Japan, China, the U.S., South Korea, and India. Interestingly, Asian markets from exchanges like Bitflyer, Bithumb, and Huobi are currently trading roughly $50 less than western exchange spot prices https://news.bitcoin.com/markets-update-bitcoin-skyrockets-to-4650-setting-new-all-time-highI've heard people talk about the asian markets being the sort of "leading light", which acts before the western ones do. I guess that was one of the reasons why the correction came so quickly, from $4700 down to $4500 right now. Another all time high though... This thing is just blowing up like hell right now, there's no stopping it (until the bubble pops). This current pump could potentially be as a result of bitcoin cash adjusting down quite a bit in the past few days. There still appears to be an inverse relationship between these two coins. I'd expect another ATH to be broken really soon, but then the crash wouldn't be far away either. |
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Bitcoin price will be $6000-8000 if it become an official form of currency in Australia  to me I think that if the price of bitcoin will continue with the same speed I am sure that bitcoin will cross 8000$ at the end of this year. it might goes $10000 at the start of the year, we can't never tell ,more and more countries implement,legalizung btc. Which this means more people will be aware and will definitely tries it. Yes, sure. But Australia also wants to develop its own cryptocurrency. If another countries will follow the same way, bitcoin may fell... BTC prices will most likely be in a downward trend for a number of months after the bubble pops, which i think will be before the end of November, start of December. Whether or not Australia develops its own cryptocurrency does not influence the price of bitcoin, or as much as you may think. Bitcoin will drop not because some country is competing with it, but rather because it is significantly overbought, and in a bubble. When exactly this bubble is going to pop nobody knows, but it'll happen sooner or later. I'd estimate the price of bitcoin by December to be around $3k-3.5k looking at it from right now, after the current pump. |
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He is known to be an extreme bull of bitcoin, so always take his predictions with a grain of salt.
I sort of agree with him that in the long term, bitcoin's worth is going to be really infinite in fiat terms. This is because fiat does not hold any intrinsic value because the government can always abuse their power to print more, while bitcoin can't be abused like this.
I don't agree with how he says it, he seems like a coverage hungry guy tbh just making up figures wherever he goes. I doubt that btc is going to suddenly be worth a sizeable fraction of the world monetary supply any time soon, but if given enough time(we're talking about decades here, not months or years), this is more than achievable.
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BTC The price for beginning of September 4619 Dollars. The predicted maximum price 5273 and minimum 4583. Averaged price for month 4851. Bitcoin at the end 4928, change for September 6.69%. Year Month Open Max Min Close Average Month%Ch Total%Ch
2017 August 2861 4942 2650 4619 3768 61.45% 61.45%
2017 September 4619 5273 4583 4928 4851 6.69% 68.14%
2017 October 4928 6116 4928 5716 5422 15.99% 84.13%
2017 November 5716 7095 5716 6631 6290 16.01% 100.14%
2017 December 6631 6631 5538 5955 6189 -10.19% 89.95% No source or explanation for these figures whatsoever. At least your figures aren't as crazy as someone like Max Keiser's. But still, i really don't think that we will hit $7k this year. I think that people keep forgetting the fact that we are already in the late stages of the bubble, price has risen by 800-900% and we haven't had a major bearish market in 9 months which is abnormal to say the least. I would think that by december, price would either stabilize at $4k, or crash to around $2-3k and stabilize around there. But your predictions say that price will increase by around 60% once again, which i find incredible. |
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I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the would be less demand for Bitcoin.
Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.
Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.
Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?
It is an issue, there is no point denying that. However i am actually fine with it. I look at my finances in mostly bitcoin figures now, and i don't really take into account the fluctuation of it as much as before. You sort of get desensitised about fluctuation the more you use bitcoin. Sure, i like to speculate on the price every now and then. But for day to day transactions, it is really not an issue for me. I understand that for merchants they need to have less volatility so that they don't lose out on profits, but there are services where you can instantly convert your payments into fiat if you wish to as soon as you receive them(bitpay etc.). My opinion is that really, there is nothing to worry about. As bitcoin gains more traction, more people will accept it, and as a result, its market cap will grow, trades will outweigh speculation, and volatility drops in the long run. |
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