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I use Kraken, and it's OK though sometimes they have server load problems.
I hadn't heard of 247 exchange, I googled it just now, and there is one bad review at the top, but also a reddit thread with users saying it works fine.
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You should definitely not use the same passwords for every site. Even if localbitcoins hasn't been hacked, chances are high that other exchanges you use will get hacked in the coming year. This kind of stuff is constantly happening in bitcoin world, and you should protect yourself. |
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If he trusts his tech, as clearly he does, and needs funds now I don't see the harm. After all it really comes down to whether he succeeds long time and not whether he keeps all his coins just to satisgy current market needs.
At 7.75 and falling, he probably saw the writing on the wall and got out while the getting is good. Any remaining ETH he holds is pure speculative at this point, and I dare say a big mistake as the whole project is set up to decrease in value. Zero cap on production, units valued by computing per/unit, which as we know is a huge downward pressure on pricing. CPU cycles are getting cheaper every year, not more expensive. But anyone with basic logic can suss this out, what amazes me is the absolute HOPIUM surrounding the project itself. Nobody has a pressing need for decentralized computing at this point, and there are plenty of free open source alternatives and commercial providers to choose from. Its been dead in the water since its inception, and they're just gradually realizing this. You are right on the money. Im sure the guy is hating himself right now because he was not able to sell right at the big ETH price peak. So he waited for a while.. then he saw that 1) Bitcoin is steady rising 2) His coin is steady going down and pulled the trigger. I don't buy any bullshit excuses about selling to re-invest on the project. Dumping 25% of your stuff will damage the project itself more than what you can re-invest in it. Anyone with market psychology knowledge knows this. Do we know when exactly he sold? I wouldn't be surprised if he sold at the top of the pump. |
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What does this mean for endusers? They were already allowed to proceed with fiat cashouts, what does this regulation add? I don't see good things coming out of this, but I am likely misinformed... Good news there is they'll be creating a BTC/EUR pair  It means that bigger investors might dip a toe in. At the moment they won't do it because of the risks (losing coins/hacking etc). |
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It is a pump. Fontas is back and talking about litecoin: https://twitter.com/FontaseLook at the number of tweets about LTC. (Buyer beware - he tends to tweet only when he's filled his boots and wants other buyers to come in so he can sell to them) |
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Them putting up these heavy fees/charges is not a surprise. They are trying to recoup their losses somehow and this to them is one way in doing it but at the cost of the customer. They will lose a lot of business this way in the long run.
They've always had heavy fees. It's the price of anonymity - some people simply don't want to give their name and email to an alt exchange for some reason. |
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Sometimes exchanges show such behaviour when there are issues with fiat withdraw or deposit. MtGox had high btc prices at the end because it took ages to withdraw bitcoins. Maybe btc-e has deposit problems? So buying pressure is low?
I think I read something about bank transfer problems they have some weeks ago.
This. It's harder to deposit to BTC-E than to the other exchanges |
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They can do pretty good on fees if they got a large volume. Nobody expects them to make profit or recoup millions in 1 year. Just look at twitter which is still making loss.
Well they are not really getting the high volumes they hoped for because of that incident where they reversed trades. Lots of people bailed when they did that. That's not a big issue which can't be fixed. If they got 'hacked' people would leave them permanently. But this is something they will be able to overcome. Just give it a few months and people will forget it. Well the reversals happened five months ago and people are still talking about it. But you are correct, in about a year they will likely have moved on, especially if the rest of the bitcoin space is growing. |
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I wonder if it is foreign exchange fees. The dollar has been rising in the last year against every currency on the planet. So if the BTC in the ATM was priced in dollars, and your friend used a local currency to pay, they would have had to change the local currency to dollars, incurred an exchange fee on top of that, and then incurred the 1% fee the ATM charged.
I don't know why people use ATMs, just use an exchange. Yes you have to give your name to the exchange, but that's no different to giving your name to Amazon when you buy something from them.
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Kuwait has killed its tourist industry.
TIL it had a tourist industry. Seriously, why would anyone want to visit that part of the world? It's unstable and you never know what might happen next, apart from having horrible weather. The planet is so large, there are so many nicer places to choose to visit... |
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So ..sitting on hands ..hoping BTC will pump and like Yoshi to Mario...LTC will tag along at a better ratio then above and I will likely move/some to BTC MAYBE. So I'm a fence sitting here on wtf may happen with BTC and LTC due to the halving...so LTC put some moves on me or I'm gonna drop you as my 'mistress' to BTC Some alts might rise if BTC pumps. But there is no guarantee that BTC will pump strongly due to the halving - I expect it to rise, and then all the people holding to dump BTC when halving actually happens. Also, a lot has changed since 2013 - there are way more alts and it's no longer guaranteed that LTC will be one of the coins jumping if BTC jumps. |
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Well the Brave browser will be able to pay you bitcoin just for enabling ads in your browser, starting from May: https://www.brave.com/blogpost_3.htmlYou then just surf as normal. The other method is staking PoS coins. You just open the wallet, enable staking, and it starts minting coins silently, while you go about other work. |
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Remember that the birth rate has been falling in the western world, which means the working age population will start to fall too. So as the bots take over, the number of people of working age needing jobs will also be falling, which means the number of unemployed won't rise.
I agree with the sentiment but tech moves way, way faster than the human life cycle. And there are billions of other people waiting to get a slice of a pie which may never arrive. The birth rate started falling in the 1980s, so that trend started way before robotics got underway. And of course China has had a one child policy for over thirty years- their working age population has already started to drop, though the total population is rising because pensioners are living longer. Even in places like Iran the birth rate has dropped from about 6 children per woman thirty years ago to 2 children per woman. In about 100 years time as all this feeds through, the earth's population will start to drop. |
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It'll be a renewed form of serfdom, but there won't actually be anything for the serfs to do. I hope the powers that be come up with some nifty ideas to keep us content. Profit don't count for much if you're being raped to death by the masses you've raped yourself.
Remember that the birth rate has been falling in the western world, which means the working age population will start to fall too. So as the bots take over, the number of people of working age needing jobs will also be falling, which means the number of unemployed won't rise. Look at Japan. The average age there passed 43 in 1990- within 10 years the working age population (people aged 16-65) started falling and now the overall population is dropping. Unemployment has remained low as a result even as growth slowed and they started using more robots. |
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Basically, if we had another economy crash like in 2008-2009, what would happen to the value of Bitcoin. Would it inflate or deflate?
I personally think that:
It could inflate due to it being used as a moe stable currency.
It could deflate due to it matching the rates of other currencies and it is still dependent on the FiAT value.
It depends on what happens to the banking system. In most recessions the banks are completely unaffected - for example the recession of 1981, early 1990;s, the dot com recession. What made the 2008 recession unusual is that the problem started in the banks. So it all depends on whether govts have done enough to ensure the banks are robust. If they have, another recession won't affect BTC. If the banks are in trouble and start seizing deposits, then there will be a rush into gold and BTC and BTC's value will rise. |
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The OP link is to a referral site for a options trader based in Cyprus, which may or may not run away sometime.
No-one is offering 85% return in 60 seconds as an investment, they are just saying that as a hook to get you to have a binary option gamble.
Binary options can return stunning figures, far more than 85% with leverage. You can also lose your money. Gambling, it's called.
TL;DR
It's a gambling site. This "Durrrr Ponzi" reaction to everything is getting boring.
In other word, there is only the potential for an 85% return, but also the potential for an 85% loss... |
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As this thread has been continuing the price of LTC has been falling - so all the people saying "Buy" arn't really doing any buying themselves!
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Most exchanges won't allow withdrawal to paypal because of disputes/reversals. Those that do will make you eat the fees. You would be better off withdrawing through direct deposit to a bank account if you want to reduce fees.
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They can do pretty good on fees if they got a large volume. Nobody expects them to make profit or recoup millions in 1 year. Just look at twitter which is still making loss.
Well they are not really getting the high volumes they hoped for because of that incident where they reversed trades. Lots of people bailed when they did that. |
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This problem (hacking) will continue to close down exchanges until insurance for exchanges develops. But insurers won't bother unless there are a lot of exchanges (to make a pool of contributions) and protection against hacking tightens up.
I doubt that there will ever be an insurance for crypto exchanges. The thing is, crypto coins can not be reclaimed as it is mostly possible on online bank transfer thefts. No insurance will offer an affordable rate to collateralize all endangerments. Why not? Insurance doesn't depend on the coins being returned, but on risks being pooled. If all the exchanges got together and put a premium into a pool, you'd have sufficient insurance to allow the exchanges to continue to operate. The other alternative is for each exchange to set up a reserve, that they then use to compensate users in the event of a hack. |
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