I believe european banks got the memo to get suspicious about money coming from exchange accounts.
That pretty much sucks. It yet again shows how financial institutions try to prevent people from entering this market by making things unnecessarily difficult for them. Really I don't know which exchange is the most trustful today.
That's the main problem people have to deal with here. It seems that every exchange in this market is crippled in one way or another, so it's impossible to find an exchange doing everything right. I can't speak in terms of how Bitstamp does when withdrawing EUR since I haven't withdrawn fiat in ages. I can however say that my EUR deposits (most recent one was last friday) comes through without any problems, and already have the funds ready to be put in action. I have never experienced any problems from the moment I started to use Bitstamp, which was back in early 2013. The only bit of annoyance they made me go through was them asking me to verify myself, while I was already verified. It took a few attempts to have them accept the scans due to (according to them) the resolution not being high enough, but it was solved in just a few working days.
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Pretty much none. Facebook has a lot of people but there's also twitter, instagram, youtube, linkedin, pinterest as well.... So there are still places to advertise on, facebook isn't the only social network out there.
That directly shows how much of a pooled effort is needed to eliminate all the con artists that are draining this community. I am sure that if there will be a global front created, where even this forum will start showing its teeth in the battle against the rotten part of this ecosystem, the scams making use of smart marketing on social media will then be suffering a major blow. I hope that this forum will step up and act as well, because there is no denying that bitcointalk forms an important hotspot. It's great to have a certain extent of freedom here, but there is no need to give scams and schemes plenty of space to operate in.
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I would argue that it's much more of a threat now simply because of how much more there are in the market.
It's nothing new, that's the whole point. The longer we allow Tether to grow, the larger it grows, and the more damage it delivers once it starts imploding, that's something everyone seeing Tether as a threat was aware of already. It's a logical happening after such event, and thus pretty easily to calculate its forward growing pattern. It's like a virus infecting this market slowly but surely. Tether will never be an issue, Tether has some money in it yes -- but what is it a couple billion? That's nothing compared to the total market capitalization of all things Crypto, so yes it may affect a certain coin very heavily if that coin has a VERY large pair for Tether (and not with other coins and such) But Tether isn't going to be something that brings down the entire crypto market.
Bitcoin should pull up, but the market does what it does. No one knows what's going on, the market will do what it does.....
Tether never an issue? Hmmm. You don't know that Bitfinex is one of the largest exchanges and at the same time largest threat to this market? It's an insanely shady entity that for obvious reasons doesn't want to license itself, and that for years now. And let Bitfinex with their involvement in Tether itself also be Tether's major volume pusher. Volumes of the top three Bitcoin exchanges in the last 24 hours. 1 - Bitfinex $720 million Tether volume against Bitcoin. 2 - OKex $720 million Tether volume against Bitcoin. 3 - Binance $330 million Tether volume against Bitcoin. Volumes of the top three Ethereum exchanges in the last 24 hours. 1 - Bitfinex $290 million Tether volume against Bitcoin. 2 - OKex $255 million Tether volume against Bitcoin. 3 - GDAX $195 million actual USD volume against Bitcoin. To add; market caps are meaningless. You just need to dump the price down of a leading exchange, which in current thin market can be achieved with a fair number of coins, and the market cap tanks with tens of billions in value, and that just because of a few million value dump.
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People have become too accustomed to going into debt to buy shit they don't even need. As such, moving away from a debt-based monetary system will be beneficial in redressing our societal dysfunctions about "money" and what that actually means.
People don't seem to understand this, and likely never will. If we look at how long people have been putting themselves into debt, which is another major reason why poor people get poorer, it's safe to say that things will only get worse throughout the years. It's getting more common than ever before where people work just to get their bills paid, which these financial institutions know as well, and results in them gladly offering these vulnerable group of people easy access to money, but at a very high price, literally. Debt means submission, and that's exactly what this system is all about. We are living in a time where the far majority of our financial tasks are being processed and maintained by centralized organisations, and that's quite a worrying development. It's time for sheeps to wake up and distance themselves from this system by taking the necessary actions.
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For some reason the general way of thinking here is that when Bitcoin is going down, it has to be because of governments cracking down on Bitcoin, but that's not the case. People need to accept the fact that we have gone up far beyond what was a justifiable price, and that without anything really ground breaking causing the market to increase. If you see how badly this entire ecosystem is struggling with the demand, it perfectly demonstrates that we shouldn't be anywhere near the previous all time high. Seriously, last year on this day were hovering over and under the $1000 level, where right now (even with how the market has gone down) we're 600-700% up from that point. In other words, we haven't lost anything.
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If you as non public figure just keep your mouth shut, and refrain from bragging about how much you have and made throughout the years, nothing happens. That also means you have to remain low profile with your close friends and family members. In that regard, those who obtained their fresh crypto wealth should stop posting videos on Youtube talking about their life changing investment in crypto, and stop posting on social media with location tags. If you continue with this nonsense, then you don't take crypto serious enough, and that mistake might cost you badly.
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The future of bitcoin just looks SO bad, I honestly really don't understand why some of you guys seem to be so positive?
Or you just fail to understand how GOOD the future looks, and that clearly shows when it comes to your lacking confidence in LN. Another thing is that altcoins aren't any better, and even worse in most cases. The sole reason the majority of the altcoins can still operate with lower fees, comes mainly from the lack of actual usage. If you can't fill up your blocks, there is simply said not enough demand for block space. BCash want to make things even worse by having their block space even further increased, and that while their blocks in current time and day are near empty. In order to have that block space scarcity, Roger is better off massively decreasing their current block space, otherwise they will never have full blocks. And then there's the hacking and fraud which are HUGE problems. If your bank gets hacked and your money stolen, your government will have your back and reimburse you. If your BTC gets hacked, who are you going to call? And I'm not even talking about quantum computing.
Hacking and fraud a huge problem? Simple solution is that you avoid making use of centralized services, and start using one of the available hardware wallets to increase your security. Bitcoin gives people full control over their value, so you are supposed to properly take care of that in the best posible manner. If that's too much responsibility for you, then you have the option to use centralized services. Coinbase offers a bit of insurane, where in case they suffer a loss affecting their hot wallets, you are covered for the entire amount that has been lost. I am however not exactly sure if they will pay you back the digital assets that are lost, or just the value in fiat. If even that isn't enough, then you probably should just remain a slave of your bank. And I'm not even talking about quantum computing. If this succeeds ALL blockchain currencies will instantly be worthless.
Damn, what did crypto do to you? I feel there is a heavy load of bitterness that you try to cover by going all out against it.
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This time isn't different but the people is the one who made it different.
People will never learn. I get it that noobs just having found their way into Bitcoin panic and tend to take fud for granted easily, but when even long term members act in a similar fashion, it get's a bit embarrassing, don't you think? It means that they haven't learned anything from what the market has been doing throughout the years. We have been through severe volatility before, and they still think that the volatility is a problem for the price. We have been through severe fud attacks before, and they still think that fud is damaging for the price. WTF!? Current levels are the ultimate proof that the market in the long term doesn't give a single f. about volatility and fud.
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Experts are not experts at all, but plain hype drivers. I don't get it why people constantly talk about Tether being a problem now, while it has been a potential problem for more than a year now. In other words, Tether right now isn't more of a potential threat than it was a good year ago. It's exactly the same, but the shitload of fud and drama makes it stand out to get this market shaken up. Ignore all this and just more forward. Bitcoin is the front driver leading altcoins to their all time high, so if Bitcoin moves up, it boosts the entire altcoin market in the long run. Even if altcoins don't increase in value as per their ratio against Bitcoin, the increased USD value of Bitcoin will make all altcoins gain USD value as well.
Regarding whether or not we really need that many coins, the answer is no. However, since this is a free market where everyone can basically buy or fork a coin, we'll see them pop up like mushrooms after a rainy day for plenty of more years. The overall greed of this market makes sure there is a constant level of demand for these coins, so there will be a constant level of supply as well.
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Ivory tower and Serious Discussion boards are boards where the spam content is almost zero,but not counting posts in such discussions may curb down real,good discussions. Is it a good idea? It has been introduced quite recently only,so...
ChipMixer solely pays for exposure, and in the stated sections of the forum they don't get that due to disabled signatures, so it makes sense that they don't pay for posts that don't give them that exposure. You can participate as much as you want in said sections, it just won't get paid.
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Bloomberg further reported that the Bank of America cited anti-money laundering regulations for the move, as well as the potential for thieves to convert stolen credit cards into cryptocurrency stashes.
It's just them looking to halt crypto growth. AML and all other things being mentioned are just smoke screens to hide their actual intentions. It's their full right to do so. If it was concerning bank accounts where people would be prohibited from spending their money as they wish, it would be different. In this case it's the money of the banks concerning this article, and that's why I don't really see it as something negative. It starts to be a problem when you can't decide where you want to spend your own hard earned money on. Don't play around with borrowed money peeps, because the interest rates charged could be up to 25% in some cases. It's probably cheaper to borrow money from underground figures. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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I think blockchain talks about Secure transactions against hackers etc..
Do you even read and acknowlegde what people say? FORGET about the blockchain. An exchange or whatever other service losing coins due to theft or data loss, is only the result of how incompetent or shady the service or exchange in question is. People are the ones messing up not Bitcoin, but that apparently isn't something the empty headed mainstream media sources understand. If you don't wish to be a victim of the aforementioned scenarios where coin loss occurs, then avoid making use of centralized services, it's that simple. If you allow whatever entity to 'take care' of your coins, you'll be operating completely at that entity's mercy. You're a slave just like how people are a slave of the banks controlling their wealth.
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I think Bitcoin has financially raped enough people ... seem to be going up again.
It's not Bitcoin ..... people, but people ..... themselves. Congrats we survived another dip of Bitcoin.
This correction is an utter joke compared to what happened after MtGox decided to say goodbye. ~$1200 to ~$170 was Mark Karpeles's goodbye present. I gladly accepted that present since that was the last time I managed to buy sub $200 coins. Good old times. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) On the way up we will get some people leaving at 19k since they want to get out break-even ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I'll gladly welcome them back at the moment they re-enter the market at +$25,000 levels. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I already see threads popping up months later asking whether or not it's a good moment to buy at $25,000. That's how things always tend to go in this market. People gain confidence the higher the market increases, which is why they always end up being late to the party.
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Its rough start i guess for those whos in need to incash bitcoin.
If that's the case, people shouldn't invest to begin with. The main thing with investing is that you use money that you know of that you won't be needing it in the foreseeable future. If you invest with money that isn't mean to be invested, you're just a dumb ass. If you are man enough to pump that money into Bitcoin, then be man enough to sit this out and stop complaining. The general mentality here is that you can 'rich' just by investing in Bitcoin, where you'll be counting your profits a week or two later. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Speculation is not what Bitcoin now desperately needs. It needs real life adoption and there it sucks massively, sorry for that.
Speculation is an aspect of any market, so whether we like it or not, it will always play an important role. I however agree that we need more adoption in form of actual usage, but the thing is that Bitcoin at this point doesn't really stimulate that as you (in a less subtile form) also pointed out. No need to say sorry, it's just your way of expressing. And I don't think that LN is likely going to mend matters here because it won't affect volatility. It is volatility due to Bitcoin's speculative nature that prevents it from being used as a payment method.
It will matter, and in a significant manner as well. It actually surprises me that you don't see that. Currently the next few aspects are what bothers people, and at the same time prevents Bitcoin from becoming a mainstream phenomenon that it deserves to be. 1) high transaction fees. 2) slow confirmation times. 3) low number of transactions that it can process per second. LN tackles all above annoyances that people 'suffer' from in today's market, and will stimulate people to transact with each other far more than we can imagine right now. In other words, LN is a major adotion booster, that's a fact. Regarding using it as payment to purchase goods and whatnot, I more or less agree that it won't change very much in that aspect. It has partly to do with the volatility, but the main point is that people don't want to spend something that can jump up significantly in value the next day. That's something we have been dealing with for years now.
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Basing on the market today bitcoin is dumping hard and also the alt coins.
It's not that bad. If we look at how much growth we have experienced in the last few months, it's safe to say that a correction was bound to happen. It's impossible that the market shoots up endlessly without falling back down again. If you have played it correctly, you are now at a point where you buy back the coins you sold at near peak levels. I guess without bitcoin the other coins will be gone too. What do you think?
No. Bitcoin as we speak is the front driver of this entire market, and once (for whatever reason) Bitcoin isn't there anymore, the crowd will park its capital in the next best coin. Depending on your own preference, it might be Litecoin or Ethereum to take the front driver position at that point in time. People will easily adapt to the situation and move forward, that's how things go in the crypto market, and that's also what I like about it. Whatever horrible event occurs, people forget about it after a month or two.
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I often see TV reports about the activities of the various funds, but have never met people who I would have confirmed the effectiveness of these funds. Anyone else see the effect of the existence of the UN? Would be better if the money used for economic development of underdeveloped countries.
The thing with these marketing based charities is that they only show you what they want you to see. In that regard, they will allocate at least a small percentage of the funds to help out where needed, just to have it filmed in a very professional way to show the outside world what they do. If we look at these charities on a global level, and how they have been 'helping' out those who need help in the last few decades, then it's safe to say that people's donations haven't had a mentioning worthy effect. The system we're living in is the direct result of the fact that undeveloped countries will never be able to move forward, regardless of how many billions there have been pumped into charity funds and whatnot.
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Will you not have to pay taxes the time when you finally cash out ? I mean one day you will get the profits in banks and then how will hide those transactions.
At the moment I have the funds be sent from the exchange to my actual bank account, I will have to pay tax. It's not necessarily because I am forced to do so directly, but more because of the fact that banks have the habit to report incoming deposits to the tax authorities. Just to be on the safe side, I will pay tax in order to prevent potential problems. In my country, the Income tax department has already started raiding the exchanges and collecting the information of investors. Thereafter notices were sent to those who were investing huge amount of money in Bitcoins.
Are you referring to Coinbase? And yes, that happens too in some cases. I am even looking to potentially ditch centralized exchanges for ever when it comes to trading, because I am quite sure that within a few years, all exchanges will be forced to transfer user reports to their respective tax departments. Current regulations are still friendly, that's for sure, so prepare for what has to come.
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I don't agree with you. Not all of the funds are the same. UNICEF cannot stop the war but it tries to help those affected.
The idea itself is touching, but the thing with all these charities doing their work (at least, we hope they do) on distance is that we can't see where our money is being put to work. I seriously don't have problems with donating money from time to time, but not if I can't see what the charity in question is doing with my money. The thing is that there have been so many negative examples in the past, where the top members of a larger charity have been paying themselves more than $100,000 in salary, plus a luxury car because they think it suits them well when doing their job. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Another thing to put into perspective is that a large percentage of our donations is being pumped into more marketing. It's more like a business structure than an actual charity it seems. Not very convincing for potential donators.
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I think for true traders now is a great time to buy as much bitcoin.
Not just for 'true' traders, but everyone who wants to ditch his slavery/debt currency for something revolutionary that breaks through all garbage coming from the government. It's impossible to say where the bottom is, but if you just keep buying in smaller fractions all the way down, you'll be able to buy at near bottom levels, which is something that you'll praise yourself for once we're going back up again. While noobs gets shaken off the table, others who see this price as an opportunity start entering. In other words, losers out, winners in.
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