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4581  Economy / Speculation / Re: Bitcoin top 5000$ on: August 30, 2017, 07:24:25 AM
Hello!
I tend to just read the forum and not to join in but there was a question I really wanted to answer so... Here I am!
What do you think about the Goldman Sachs prediction of a 4800$ top where all will collapse? Sounds like a biblical prophecy but well, they have been quite accurate about bitcoin so far.
We are getting close to the target so... What do you think will happen?

I was thinking that regardless of the prediction, maybe the 5000$ will work as a hardcore mental barrier... And pop the bubble.

So, what are your thoughts?


PS: Unfortunately I cannot paste the link as it says it is suspicious... but you can find it on CNBC

Goldman Sachs have been surprisingly accurate about bitcoin, i have my doubts about them but they seem to be right.

$5k is going to be a hard mental barrier for a lot of traders to break. Even though there is literally no difference if you think rationally between $4900 and $5000, you'll find that bitcoin will break $4900 much easier than it will $5000.

I would expect it to either not break $5k at all or break it slightly, before an adjustment that brings the bubble down. Trading is all about emotions, and in an bubble economy emotions can fuel the rise and fall of a bubble.
4582  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: August 29, 2017, 10:10:51 AM
just curious, am i receiving someone else dirty coins after the mixing?

There is definitely a possibility that this could happen. But through the use of mixing your coins with chips you are significantly reducing the risk of this happening. There is very little chance anyone can just look at blockchain records and figure out that this chip belonged to you, and is cashed out to x address. There is even less chance of you being accused of using other people's dirty funds when you use chipmixer.

Even if you do find yourself receiving someone else's "dirty" mixed coins, it's not your fault. You can easily prove that your coins were mixed(chips come in regular sizes, makes this easier to prove as well).

In the end, almost all bitcoins can be traced to "dirty" activity. There is really no clean bitcoin if you think about it. If you receive a bitcoin transaction from someone there is probably just as much a probability that the coins are "dirty", and it'll be easier to trace than if you used a mixer.

I agree with most of your post, however, having unconfirmed inputs in a regular size does not prove they were mixed by chipmixer at all... I could easily use some of my unspent outputs in a transaction that generates new outputs with the exact same value as chipmixer's chips...
The proof is the letter chipmixer can give you, signed by them... However, as it has been discussed before, it's not completely sure a judge will allow a signed letter by an anonymous mixer as valid proof.... I know the courts in my country are very bureaucratic and not tech-savvy at all...

True, i guess i've used chipmixer several times myself and the chip values just seem so obvious.

But then again, you'll probably never be called out for receiving someone else's dirty inputs because this kind of stuff happens all the time. It's hard enough to link a pseudo anonymous identifier to a real person(if you take the right precautions), let alone find out the purpose of the transaction on the bitcoin blockchain, especially after you mix your coins.

The main purpose of a mixer is for privacy anyways, so i really don't think you'll encounter any sort of issue with mixing with Chipmixer. You'll have much more risk of getting caught if you use a mixer to buy illegal things than use a mixer and receive dirty coins. Just my opinion.
4583  Economy / Service Announcements / Re: [ANN] ChipMixer - mixing reinvented on: August 29, 2017, 08:18:52 AM
just curious, am i receiving someone else dirty coins after the mixing?

There is definitely a possibility that this could happen. But through the use of mixing your coins with chips you are significantly reducing the risk of this happening. There is very little chance anyone can just look at blockchain records and figure out that this chip belonged to you, and is cashed out to x address. There is even less chance of you being accused of using other people's dirty funds when you use chipmixer.

Even if you do find yourself receiving someone else's "dirty" mixed coins, it's not your fault. You can easily prove that your coins were mixed(chips come in regular sizes, makes this easier to prove as well).

In the end, almost all bitcoins can be traced to "dirty" activity. There is really no clean bitcoin if you think about it. If you receive a bitcoin transaction from someone there is probably just as much a probability that the coins are "dirty", and it'll be easier to trace than if you used a mixer.
4584  Economy / Currency exchange / Re: [Have] $16 Paypal [Want] $14.4 BTC on: August 29, 2017, 08:11:37 AM
As the title says,

I have $16 PP and I need $14.4 BTC

I need this to be done today.

If you're interested, let me know.



I can do this on three conditions:

1. You cover the transaction fee of bitcoin(0.0005 BTC, i can either deduct this amount from the bitcoin amount i send to you, or you can just pay me extra in PayPal)
2. Paypal is to be sent as friends and family, not goods and services.
3. You have to cover PayPal fees as well.

I can send to you first, this isn't an issue due to the low amount involved and your trust.

Let me know if you want to go ahead, you can either PM me or reply here.
4585  Economy / Exchanges / Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money on: August 29, 2017, 08:06:55 AM
Dear Friends,

I understand your concerns about the big blockchain fee, but it is the current global situation with the blockchain system, not our service.
Some period time ago the situation with the fee has changed and at the moment, the 'mempool' (queue of unconfirmed transactions) is very big; in simple terms, there's a huge demand for transactions and people are pushing higher and higher fees in order for their transactions to get confirmed as soon as possible.
Also, take into account that if you have many inputs (you have made many deposits to the same address), the fee will be considerably higher.

It was discussed on Reddit:
https://www.reddit.com/r/Bitcoin/comments/6vx61u/btc_fees_wtf/

Some additional suggestions what to do are available in this article: https://help.wirexapp.com/hc/articles/115000219854

We are working on changes that can help, but right now please open these links above.
Hope it helps to better understand the issue.

If you have any "pending" tickets without any answer for a long time from our support team, please send me the private message with your ticket ID and I will try to help you.

Have a nice day!

You don't really understand our concern, i don't think.

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.

Sure, the bitcoin transaction fees are high. We get that, but when your users deposit $20 worth of bitcoin and get only around 70% of that back(and i'm excluding the transaction fee that we are paying to sending to you), that's something wrong with your system. You can easily optimize it to at least charge less fees.
4586  Economy / Lending / Re: Loan to meatmeat on: August 28, 2017, 08:38:41 PM
Meatmeat, loan is due today. I have messaged you on hangouts but you haven't been online since the last time we talked.

Please repay 0.0455 BTC to 1AP3F63NNmVqkP7LUzkXPjJeBCKt3GCi8X(same address i sent you on hangouts) as soon as possible. If you need any sort of extension on the loan just let me know and we could potentially come to an agreement.

Thanks
4587  Economy / Speculation / Re: BTC Weekly Analysis: Will It Break $4500? on: August 28, 2017, 11:27:27 AM
Quote
Bitcoin price made a nice upside move this past week and traded towards the last high of $4470 against the US Dollar. The price traded as high as $4450 where it faced sellers and started a correction. The price traded below the 23.6% Fib retracement level of the last wave from the $4070 low to $4450 high. However, the downside move was contained by the $4250 support zone.

The 50% Fib retracement level of the last wave from the $4070 low to $4450 high at $4260 prevented declines. The price is now slowly moving higher above $4300, but lacking pace. There is a crucial bullish trend line with support at $4280 forming on the 4-hours chart of BTC/USD. The highlighted trend line support at $4280-4260 could play a major role for the next move in the near term.

As long as the price is above the $4280-4260 support area, it might retest the last swing high at $4450. On the flipside, if there is a break and close below $4250, the price could test $4100. Moreover, the 100 simple moving average on the same chart is near $4070, which is critical support. Overall, the next move depends whether the price can hold the trend line and support at $4250 or not.


Source is here.

I am quite optimistic that this coming week Bitcoin can be able to break the $4,500 wall and possibly rise into $4,600 before making a small correction again. This can be the trend for the coming weeks...a steady rise and then a bit of a decline. This is becoming like a normal behavior for Bitcoin...and I guess there are also people who are happy once it can get into a small dip so they buy Bitcoin at a lower rate...also providing many leeway for trades to make their profits.

Do you agree or you do have a different idea?

I think that we are going to go up a bit more and then potentially have a pretty big dump coming at us.

$4500 is only a few hundred dollars away and i think that given your reasoning turns out to be correct then there is no reason why it cannot achieve that sort of price level. After all people's greed seem to be completely taking over at this point and there is really no limits to how fast or how far btc can rise until it comes crashing down.

My advice would be at least diversify your portfolio so you're not just holding btc only. Cash out some, buy some alts, don't just have everything in bitcoin because if btc doesn't break the $4500 barrier then you'd be screwed.
4588  Economy / Exchanges / Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money on: August 28, 2017, 11:15:06 AM

Are you saying that every action is executed by sending bitcoins on the blockchain? Every single time i sell or buy bitcoins, there is a corresponding transaction that appears on the bitcoin blockchain?

Yes, correct. Every card load/buy bitcoins transaction has its own hash and appears in the bitcoin blockchain. That is why blockchain fee applies.


Why don't you guys bundle up several transactions, if this is the case?

Take any of your competitors, why don't they charge any blockchain fees when they are providing the same service? Plus, you just reduced the maximum that we can transact and store anonymously due to EU regulations, yet anything below the maximum will result in hefty fees.

We are working on it and big changes coming soon. Unfortunately, I can't provide you more details right now. Stay tuned!

I really do think that the efficiency of your system is significantly flawed. You could easily store some bitcoins off-chain on some exchange site that you use regularly anyways(only a small portion so that the rest is safe in cold storage still), and this way you are able to at least reduce the fees that people are paying significantly.

Good to hear that you're trying to at least improving the status quo. Because this is definitely unacceptable, and the fee situation needs to be changed. I have never, ever used a site that demanded me to pay a bitcoin transaction fee for fiat transactions.

Hopefully it'll be something good. BTW, another thing is that your site is always laggy for me. Even with the redesign, it is quite an unpleasant experience every time i use it.
4589  Economy / Speculation / Re: So where exactly are we in the bubble? on: August 28, 2017, 10:44:55 AM
Stealth phase for sure, we haven't seen meddia effect so far. If you consider a few news about bitcoin as media effect, this is not correct. Honestly, I don't think we're in a bubble, but if we are, then the answer is stealth phase which is the first pahse of the diagram.

How exactly are we in the stealth phase?

Bitcoin is basically mentoined everywhere right now and media is only covering bitcoin stories because it generates a lot of hype and the viewers like it, and their hit rates go up. This is the definition of media generated hype, and bubble.

Sure, in the long term bitcoin is definitely still in its early stages but we're talking about this CURRENT bubble. Which IMO, is already nearing its end.

It's either in the mania phase, or in the blowoff phase. But definitely not in the stealth phase, and i think everyone agrees with that.
4590  Economy / Speculation / Re: Price is increasing too fast, will there be a correction? on: August 28, 2017, 10:39:26 AM
The price looks pretty stable - can't break 4500, but not dipping too much either.  I'm happy to see it set in that range for a while.

This is actually exactly why i think that there will be a correction. $4500 hasn't been broken in the first wave of pumping, and now it is still struggling to break $4500. Any time bitcoin is at $4400ish price seems to correct down by at least $100, like we've seen now.

Traders need to make profit, and traders who are long will be forced to liquidate their long positions eventually if the price doesn't go up. There is simply no profit to be made by them, and even a small drop would make them panic.

So yeah, price is indeed increasing too fast and i do think there will be a correction.
4591  Economy / Scam Accusations / Re: got scammed by tytanick on: August 28, 2017, 10:18:20 AM
Unfortunately i don't think that it is any sort of issue with his wallet whatsoever. This is a carefully planned scam imo and i would think that there might also be other victims who fell for his scam that hasn't spoken up yet.

Even though you did provide enough proof i would suggest that you modify the content of your OP to fit the format here: https://bitcointalk.org/index.php?topic=260073.0

A legendary account means nothing when he has no reputation. He could have easily bought that account for way less than he scammed, which i think was what most likely have happened. Regarding your question about why these scammers don't get banned, it's just forum policy, it'll take too much work to ban every single person and i'm sure there will be many complaints arising from admins doing that, as in some cases a scammer could be wrongfully pointed at. This is why looking at the trust feedbacks are so important.
4592  Economy / Service Discussion / Re: Hashflare and Genesis on: August 27, 2017, 09:54:53 AM
Hi guys,

think this may actually be my first post, not sure, but something came to mind and I was curious if you guys noticed it as well. 

I have contracts with Hashflare and Genesis (if you have any recommendations I would love to hear them) , I have pretty much have had the same amount of power mining since ummm say last year, I added to genesis about 2 months ago and plan to add a great deal to hashflare coming up here.   

As I said I've had the same amount of mining power, earlier this year I noticed my hashflare leaped to like $8 a day, which helped me get my return a lot faster , since then  these last few months I have not been able to break $7 , no matter what pool I'm mining in.    My thing is I could be wrong , I'm sure I'm still a few steps back on how everything works, but If I was making lets say $6 a day 2 months ago and bitcoin has pretty much doubled since then, should I also be making double especially with the fee's being up?

Let me know what you think, look forward to hearing from you and also if you having any cloud mining recommendations , none of those microhash , bitlakes , thunderbit , i'm talking legit stuff..

What exactly was your question? Is it regarding why you didn't get twice as much in mining payments as before, or is there another problem that you haven't made very clear in the OP?

It could be that the difficulty of mining has increased over the time period that bitcoin has increased in price. However i feel like this isn't the case. Why exactly are you not getting paid more in fiat terms now that bitcoin has gone up can only be answered by their support.

Cloud mining companies are absolute and utter rip-offs. Not only are you taking on a risk of the company being just a scam company, you are also taking on the risk that it is a long running ponzi. On top of that, there are no proof that they are actually mining, and on top of THAT, maintenance fees are high AF.
4593  Economy / Exchanges / Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money on: August 27, 2017, 09:29:00 AM
Every single action is filled with unnecessarily high blockchain fees that nobody needs to pay in the first place(everything is done off-chain, isn't it?).

Hi.

No, you are not right. Every transaction in our service is a blockchain transaction, even card load or transfer from one Wirex account to another.
And once again I can tell everyone that it is not our fee, it is 100% blockchain fee that we can't regulate.

At the moment, the 'mempool' (queue of unconfirmed transactions) is very big; in simple terms, there's a huge demand for transactions and people are pushing higher and higher fees in order for their transactions to get confirmed as soon as possible.
Also, take into account that if you have many inputs (you have made many deposits to the same address), the fee will be considerably higher.
It is also discussed on Reddit:
https://www.reddit.com/r/Bitcoin/comments/6vx61u/btc_fees_wtf/

It wasn't written by us, but I recommend for everyone to check this very useful discussion before posting new messages about the big blockchain fee in our service.

Are you saying that every action is executed by sending bitcoins on the blockchain? Every single time i sell or buy bitcoins, there is a corresponding transaction that appears on the bitcoin blockchain?

Why don't you guys bundle up several transactions, if this is the case?

Take any of your competitors, why don't they charge any blockchain fees when they are providing the same service? Plus, you just reduced the maximum that we can transact and store anonymously due to EU regulations, yet anything below the maximum will result in hefty fees.
4594  Economy / Exchanges / Re: Is Bittrex really this slow? on: August 27, 2017, 08:35:41 AM
Hey, everyone, I'm new to crypto trading and have been mainly using Bittrex. It seems fine so far, but it's so unbelievably slow to send bitcoin or other altcoins to and from my exodus wallet to the exchange.

In fact, was trying to trade this morning and sent bitcoin about 2 hours ago and it isn't even showing as a pending transaction yet in Bittrex.

It just seems extremely annoying that when I want to trade quickly it takes this long. Am I doing something wrong, or is Bittrex and all the transactions really that slow? Not sure if this is my impatience, or this is just par for the course?

What do you guys trade on?

Never had this sort of issue with bitter.

Yes, the deposit confirmation count are usually delayed by around 5 minutes especially when the blocks are going at a fast pace. It is by no means real time, however i have never seen anything like a 2 hour delay when the transaction can be seen on the blockchain with enough confirmations on it.

You should write to bittrex support to alert them about this, even if eventually you received your money. this could be a bug that is affecting other people as well.

As to what exchanges i use, mainly bittrex and poloniex, but more bittrex now since poloniex is having difficulties with their support.
4595  Economy / Web Wallets / Re: BTC.COM Hold my BTCs - Ask to pay higher than my actual balance on: August 27, 2017, 08:25:12 AM
Hello,

I already contacted the support up to one week without answer !

Hope one of their agent can solve the problem from here !

1 of my transaction stay unconfirmed for 4 days now.

There other users claimed to have the same exact issue here.



Would you mind posting some screenshots so we know what is going on here?

The other person in this subforum is having a completely different problem that you are having. His problem is that all his transactions suddenly disappeared and he can no longer access his balance. From what i can tell, you are still able to access your balance, it's just that you're asked to pay transaction fees that are higher than your actual balance.

This isn't btc.com's fault. This is probably because of the number of inputs you have to your address, that led to the high amount of fees. This is not rare at all, you just need to send more btc in order to send the previous bitcoins, or if the amount is low then there is really no need to bother at all.
4596  Economy / Web Wallets / Re: BTC.Com Wallet on: August 27, 2017, 06:41:57 AM
Hi, anyone here using btc.com wallet. Reason asking is when log into my wallet today and to my suprise everything is 0.....usd 0 ....btc 0.0000.The funny thing is all my transaction record is gone. It looks like a brand new created wallet. Wrote an email to support@btc.com till now got no reply. Anyone beside me having this issue? Use to have about USD600 in this wallet. Have another wallet at btc.com and there is a payment pending since 21st Aug. Did send the btc on low fees.Anyone please advise or its gone for good???


It's not gone, I will DM you now. Apologies for the inconvenience caused.
This is weird, don't you claim that you have full control over your bitcoins when users use btc.com? What exactly was the issue here, and is this something that will continue to happen or has this been fixed with a permanent patch?

Hi, anyone here using btc.com wallet. Reason asking is when log into my wallet today and to my suprise everything is 0.....usd 0 ....btc 0.0000.The funny thing is all my transaction record is gone. It looks like a brand new created wallet. Wrote an email to support@btc.com till now got no reply. Anyone beside me having this issue? Use to have about USD600 in this wallet. Have another wallet at btc.com and there is a payment pending since 21st Aug. Did send the btc on low fees.Anyone please advise or its gone for good???
I don't think that it's just you. I've seen some more people complain about the same issue. I suspect it is some sort of bug on btc.com's side, because of the fact that the entire transaction history disappeared as well. If the coins were stolen then there would be at least a record stating the time and address that it's sent to.

If you have your recovery seed you could still recover your wallet and claim your btc, i guess.
4597  Economy / Web Wallets / Re: Coinbase ignored to solve problem & return money on: August 27, 2017, 06:38:14 AM
Try to reach out to Brian Armstrong personally on social media and complain about this issue as well as support not responding. After all he is the owner of the company and he promised to make coinbase support better by this or next year.

I've used coinbase vault in the past but have never encountered this problem. did you click anything on your email at all? Did they even deliver the confirmation email or no? What is really really weird is that it says cancelled, when it should stay awaiting approval.

Are you sure you have checked your spam folder, and everything? Did you hold your own keys(there is two options, either let coinbase hold everything or you can hold your keys)? If yes, then you don't even need their support to claim your btc. But i highly doubt that.
4598  Economy / Service Discussion / Re: Cloud mining minimal TH/s needed to be profitable on: August 27, 2017, 06:12:34 AM
I was looking into some cloudmining and couldn't really find a clear answer on
how much TH/s you need to invest to make profit?

Anyone care to explain.

Was looking in hashflare cloudmining.

The more you invest, the more you lose. That is the fact with cloud mining and cannot be changed.

Just think about it, why would any logical person offer you something profitable that you can profit from when they could make much more by just investing in it themselves? They are either a ponzi scheme, or you will never make back what you put in.

I'm sorry to break your dreams, but this is very important. If you buy your own mining equipment you'll still be at a loss when you mine, let alone when someone else maintains everything for you.
4599  Economy / Exchanges / Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money on: August 26, 2017, 10:05:00 AM
Thought I'd randomly test to see if a random service of Wirex works...



NOPE. As expected. I'm done using Wirex. I sincerely hope Wirex goes bankrupt for their unreliability. I'm going to leave my $450 stuck in my account and say, go fuck yourselves Wirex. I refuse to deal with the headache of liquidating from Wirex.



Same here, when i try to send a bitcoin transaction that's what popped up. There is hidden fees everywhere, there is no way that you can accurately estimate the amount that you are actually going to get into your virtual debit card with bitcoin or vice versa. Every single action is filled with unnecessarily high blockchain fees that nobody needs to pay in the first place(everything is done off-chain, isn't it?).

I probably deposited around $20 and only got i think less than $13 in my account, that's more than 45% in fees.

I'm not using this service again. it used to be good, but now it's just horses***.
4600  Economy / Trading Discussion / Re: which strategy is the safest investment? lending or holding btc. on: August 26, 2017, 10:00:29 AM
Hello

I have 100 btc on exchanges. But i am very stressful for daily trading because their flow of price.

So i am looking for doing with the safest investment strategy.

How do you think about the usd lending on bitfinex?
BTC lendinh on bitfinex or poloniex?

Which one is more safer? and Can you recommend me for lending bot?

I would suggest not using their lending features. Yes, you are lending to margin traders who have their positions backed by altcoins and are forced to liquidate when it drops too low, so you are guaranteed a profit. Yes, the sites may seem legit right now, but you never know when there is going to be a major hack or just a site admin wanting to cheat their users out of their hard earned cash by disabling withdrawals and whatnot.

We've seen this with Mt Gox, we've seen this with Cryptsy, we've seen this briefly with poloniex. Do not store money on exchanges. If you are comfortable trusting other people with your money i would either go with investing in casino bankroll(same risk, more profit) or p2p lending(much more risk but much more profit as well). Otherwise, stick to just making smart moves, dumping when bitcoin's too high and buying when it's too low.
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