HitBtc has been similar to Yobit on a 1:1 ratio basis from the very beginning. It's exactly the same in the way that a large portion of the traders there don't have anything to complain about because they make use of the top tier altcoins and thus are basically 'insured' of properly functioning networks, where the other large portion consists of complete noobs playing with utter shitcoins and face problems nearly the entire time. I don't know of one serious trader/investor who trusts its money with either Yobit or Hitbtc, or basically any other shitcoin exchange. The real winners are the operators behind these exchanges. It's a market where supply and demand is the main ruling aspect, and regardless of how much I don't like these exchanges, there is a lot demand for places where people can buy and sell hundreds of shitcoins that other exchanges don't want to list. You have to give the operators credit for their creativity, which made them millions and millions in profit.

I don't think so. It's very difficult for foreigners to sign up there, set up a KRW bank account, have everything converted, and then have that KRW converted back to USD or EUR at a later point, etc. If we look at what South Korean markets have to offer over the other markets making it interesting for foreigners to sign up there, then it's just one thing, and that's the huge price gap of thousands of dollars. I am pretty sure that the number of people successfully looking to bank on that price gap are an extreme minority, and for that reason Korbit didn't had anything to protest for. The only thing these foreign traders are doing is milking that market dry, so what exactly will Korbit lose? I even think that Korbit is pretty content with this move.

It has not directly something to do with the blockchain itself, but more the trades happening on-exchange. If user x has a balance of $1000 for example, and he trades his way up all the way till $2000 for example, it means that he made $1000 in profits, and that's something that person needs to pay tax over. It will be a major hassle for the government to exactly calculate what initial deposits resulted in profit, and what not, and especially when it comes to high volume day traders, but they apparantly think they can do it. If this turns out to be a success for the governments, then it may end up resulting in a domino effect making nearly all governments do so. It's the perfect way for governments to make people pay tax, because if the people themselves don't do it out of free will, the government will come and get it from them.

I don't believe it will. All these non crypto agancies and experts just want to ride this 'hype' for their own benefit. I like how this market just trolls the future markets and all the idiots having settled their +$18,000 contracts last year. Seriously, why should we look at what these idiots think about the crypto market? Don't forget that they are acting all nice right now, but these were the skeptics of the past that didn't believe this market would be capable of anything. Also, we can only speculate about what might and might not have an impact on this market - let's just wait to see how the market responds when we're there.

Nothing really prevents the price to dip below the $10,000 level again with how thin the markets are. With that in mind, people shouldn't put too much weight on another sub $10,000 dip, as long as the market jumps back up again. The only interesting part is when we will fall below the bottom we reached some days ago. It would be too easy to say that we will then head down further, but it may very well be a possibility. On the other hand, we can't really blame the market to be so soft and unwilling to climb up further with nothing interesting happening in the coming weeks/months. If the price happens to go down, then it's because of that, and not like other people think governments cracking down on crypto.

In some cases services are indeed asking more for withdrawals than a regular network fee would cost you, but that's something you have to accept because you make use of a centralized service. If you do so, you are basically subject to all their rules and laws, whether you like it or not. I however have to point out that Coinbase itself is pretty fair with the fees that they charge. Most exchanges use a fixed fee for withdrawals, while Coinbase adjusts its fees based on how congested the network is. High congestion means higher fee, and low congestion means lower fee.

You are talking about confirmation times I assume, because Bitcoin's transaction speed is pretty much instant. Bitcoin is the first ever crypto currency, so unlike Litecoin and other altcoins, Bitcoin didn't had an example of what could be done better or faster. Lightning Network will make sure things will play out in Bitcoin's favor. Also, if you guys start adopting Segwit, it would help the network even further, and at the same time help you enjoy lower transaction fees.

Of course it's a scam. The reason that no one can actually come up with proof, is that no one apparantly was stupid enough to proceed with an actual payment. It of course doesn't mean that no one has done it, but it at least shows that people have become more careful when it comes to jumping into sites offering "deals" too good to be true. Also, the domain name they use to run a "professional business" is pretty wacky, which more often than not rings alarm bells as well. If we have to look at the date the domain is registered, it shows that it was registered like 11 days ago. Another shady thing is that they use whois privacy - what legitimate business covers its details?

http://whois.domaintools.com/bigcoindeals.com

Overall a pretty decent announcement. Even western exchanges have had to deal with similar issues where certain banks were acting like complete jerks. In most cases we do criticize financial institutions for their actions, which in most cases is well justified, but I am glad that there are major differences in the mentality of financial institutions. If they were all equal minded, they would make things a whole lot more difficult for these exchanges, but we must be happy that we have to deal with different standards these institutions are handling. It's basically the same story when it comes to wall street banks - some banks think crypto currencies are a plague, where others see value in them as a potential new asset class.

I think you are a bit on the milder side to be honest. I seriously believe that the far majority of the altcoins will dry out beyond the plenty of dead shitcoins this market already counts. The only coins that will be able to remain relevant and to experience growth, are those that offer something useful Bitcoin doesn't offer at this point in time. Monero is a great example of a very useful and problem solving altcoin. If we look at the main aspect that made altcoins grow in value like there is no tomorrow, then it's Bitcoin's current incompetence. Take that incompetence away, which LN will do, then the far majority of the altcoins will tank so badly, that people don't even know what to do or think anymore. And then we have some noobs saying that what if altcoins implement LN before Bitcoin? What if? Nothing if. People want to use Bitcoin, and regardless of whatever shitcoin being first with LN, once Bitcoin gets it implemented, the end result will still be the same -> altcoins will dry out badly.

First of all, it's a pretty damn shame that you consider genesis mining to be "one of the very few, or even the only legit cloud mining site". And second of all, you are contradicting yourself in your own post. Genesis mining has refused to show actual proof of them being a large player in this market, and that for quite some years now. Them paying out for a long time doesn't mean anything beside the fact that they have enough noobs investing their money in that shithole. As long as noobs do so, it means there is a constant flow of fresh money coming in that they can use to pay out people. Open your eyes and don't consider them to be legit just because they are paying users, and that they aren't running with people's money. As I said before, they don't need to scam (while they in reality do so) people off their funds directly.

The problem isn't South Korea itself, but those shitty sites translating these articles in a very poor manner, where they also happen to twist words to make certain articles look more negatively tinted than they in reality are. It's nothing new anymore that South Korea is a very large player in this market, but not entirely as open as Japan is for example, and that's something fud spreaders will happily use to get this market to sink. If we look at how much of a talking subject South Korea has been in the last few weeks, then they obviously succeeded in making it seem like a big problem, while in reality it really isn't. South Korea is not a second Japan, so people shouldn't be surprised to see South Korea take a different approach to regulate crypto currencies.

That implies that you at least have some thinking capabilities, which doesn't go up for the majority of the people here. They are constantly in a state where they can't think, so there is no need for them to drink. It saves them a few bucks too since alcohol isn't needed.

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Pretty straight forward and not that bad of a way to handle it for yourself. Most of the people however won't take anything of that to heart since they have the believe that they are doing the right thing already. It's mind boggling how some noobs overestimate themselves in such a way, that they keep ending up with bigger losses, and still don't understand what they are doing wrong. Instead of blaming themselves for their wrong doings, wrong attitude and mentality regarding trading and investing, they blame the market for being manipulated against the users, etc. It's typical behavior for people to blame all sorts of external elements isntead of themselves, and this will be their downfal in this market.

The future markets are too insignificant to justify the price to go down that much. People like to connect dots when it comes to what has caused a certain drop, and more often than not they are very wrong. I just believe that the correction we experienced was due for quite some time already, and it kicked in at the right moment with uncertainties regarding South Korea. If we look at the stock market for example, and certain other assets that have futures and other instruments tied to them, they have much more money going through their market than we can imagine. Bitcoin futures don't even account for 0.01% of that, and they remain pretty unaffected before and after future contracts expire.

I am pretty confident that we did reach the ultimate bottom, but on the other hand I wouldn't really be surprised to see one of the larger exchanges dip below the $10,000 level for a brief moment again. Thing is that people have set their target at that level to buy at, and especially when it comes to people not yet having had the opportunity to buy there due to them not having had any funds on exchange. If people have taken the time to wire money to their exchanges, and I'm pretty sure they did, we will likely see the effect of that in the coming week. I don't expect a major breakout, but at least a bit more upwards potential from current levels, where of course the volatility will remain as strong as it has been for the last weeks.

It depends. If people start using BCASH for all sorts of transactions, things won't be as cheap anymore as he portrays them to be to the outside world. So, as long as these blocks remain empty for the major part, he will continue to be in a position where he can hammer down on Bitcoin's expensive fees. Also, he is lying to the entire world on his live streams when he talks about how a single Bitcoin transaction has cost him +$100 in fees, and that it still isn't confirmed. Standard fees will never cost you that much in fees, so he either just made that story up, or he bundled a bunch of transactions and refrains from including that crucial bit of information in his conversation. It definitely wouldn't surprise me.

Not sure whether it's the news sites rehashing all this Goldman Sachs interest in crypto currencies stuff, or that Goldman Sachs itself is doing it (I personally hint at the first option), but this is becoming a bit silly to be honest. These articles contain nothing that we didn't know already, so it's a bit of a desperate attempt to push out an article in return for ad pennies. We know already that Goldman Sachs is interested in crypto and that they are looking to develop their own trading platform. I'm waiting for actions, and not more words.

Browse through the internet, you'll see plenty of people having to deal with similar annoyances. In most cases the problem gets solved after a while, but that could even take a few weeks. Best thing to do is to regularly (e.g twice a week) send them an email to ask for a status update. You could even decide to call them, or reach out to them via Twitter, but they have set everything up in such a way, that they will always force you to send them an email. It's pretty annoying, but there is not much that you can do right now other than sending them like two mails per week asking them what's up. Tell them that you need that money urgently, perhaps that this will give them more incentive to help you.

Why don't you look into Electrum for android? I just installed it to see if their mobile client is Segwit ready, and they indeed do allow you to generate a Segwit based address. I haven't tested it by moving funds back and forth with Segwit since I don't transact very often, but it should work just fine. It has a fairly low app store rating, but let that not distract you. In most cases people give a lower rating because of them not understanding the app, or that they demand more fancy features.

We need something to spark buyer interest, and I am sure that we'll get that in the coming weeks or months. I seriously don't mind the price going up slowly till that time, or to even remain stagnant. As long as the $10,000 level remains as 'base', I am fine with any level, and so should others be fine with it. People have to understand that current levels are very reasonable, and not very low as some are thinking. Instead of complaining, people should use this slower market to accumulate as many coins as possible, because no one wants to end up like the noobs opening threads asking for certain levels to be a good price to buy at, after the price having pumped badly already. Do right what you did wrong in the past.

If you are so confident, then sell all your coins right now, and use futures or options to short Bitcoin. People like you will end up buying on the way up when you finally understand that you will not get what you are looking for. If you seriously believe that one Bitcoin can be worth $2000 again, you don't know much about this market and the cost of having one Bitcoin minted. It wasn't all that long ago where people said the same when the price just topped the $1000 level. According to them it wouldn't take long before the market would hit the $500 range again, and look where we stand right now. Let me know when you have bought yourself short exposure through futures or options. I however am sure you don't have the balls to do that.