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It's sort of possible, but fiat arbitrage is a much better choice because:
-Bitcoin betting sites are extremely loosely regulated and could scam you at any time, especially the smaller ones.
-The larger sites have relatively similar odds, so you might have to venture to pretty questionable sites to get decent opportunities
-If you're looking to avoid verifying your identity, you're probably out of luck. Sites detecting suspicious activity like very frequent deposits and withdrawals in the way that an arbitrage better would do it might end up asking for ID, so you might as well go for fiat anyway.
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The owner of Poloniex is on the forum: busoni. You can contact him here on bitcointalk (although he has asked people to send tickets via the forum). He was last active in April but if he visits the forum anytime, you'll get a faster response. I contact the exchange owners here itself as they don't respond to my tickets on time and it takes months for verification then. Contacting him directly speed-up the process? The last time he was online was a while ago, so he's unlikely to respond quickly. I would think that Poloniex is up to their necks in people to handle since they've grown far too quickly without actually being prepared, so you'd be lucky to get a response (not to mention that for some suspicious reasons they're extremely reluctant to process withdrawals on time). Still, always worth dropping him a PM. You might get lucky. |
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There are several similar threads outlining similar selective scam attempts from BTC-E.
They hope that they can give some outrageously pointless means of proving your ownership that you won't be able to do so that they can accuse you of fraud. If you manage to do it, they will ignore you.
Fortunately they do still seem to care about their reputation being completely destroyed. What you need to do is kick up a giant fuss on here and several other communities and forums, then link them to everything you're doing. Eventually they're likely to cave and you can withdraw your coins to a safer exchange like Bitstamp or Coinbase.
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Core have proposed their solution to the existing problems and will obviously promote it. SegWit is a scaling solution and clears the way for more scaling solutions which are partially offchain (LN). For convenience, this will be a better choice in the long term.
Other solutions have done the exact same thing that Core has done - create a solution and propose it. SegWit hasn't happened, so clearly Core hasn't forced it on anyone (yet at least). Miners coming to a consensus is barely to do with Core.
I think you've been spending too much time on r/btc. Don't head to r/bitcoin either, they're both trashy subreddits.
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I paid 30 LTC for that
Yeah, but it's a well-known fact that no one gets ROI with Genesis Mining. They just pick whichever coins have the best profit at the time and hope that people will fall for it and assume that difficulty stays the same. It's basically a non-scam way of stealing your money. Even if you did get ROI it would be such a tiny amount that you would have been better off putting your Litecoin elsewhere. It's unlikely for people to bid very much for this. |
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Frankly that's completely meaningless. The price is only ever based on whatever information has found its way into the market as to what a coin is worth, along with speculation. A "cheaper price" isn't necessarily a cheaper price relative to the technology that the coin brings.
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Currency is based on storage and people's confidence in it. The only reason that fiat has value is because it is given value by a government and people agree with that value. The difference is that Bitcoin's supply is genuinely scarce, so it doesn't make everyone lose money automatically and instead can both gain and lose money.
With fiat money you're playing a rigged game. With Bitcoin, you're not. If a larger amount of people started holding Bitcoin then, like gold, its dependence on fiat decreases as the amount of people that hold it stabilises. Gold isn't given value by the existence of the metal, it's given value by the fact that the asset is scarce.
Equally, people buy special edition gaming devices and toys for extremely high prices, not because the materials are expensive but because they were told that's the price and they followed along with it because they can't just make their own.
Bitcoin is also quite hard to hack. I could equally break into a safe holding some gold, and that would be a "hack" in the physical world.
Most things related to Bitcoin are comparable to assets that exist in "real life". To argue that a digital asset has no intrinsic value is meaningless - its value is kept by the tech combined with scarcity, just like how a stock's value is kept by the company.
I believe putting the control of the world into those who just happened to buy Bitcoin in 2009-2012 for all eternity is a dreary prospect. They espouse freedom and economic liberty to the poor yet they are setting themselves up in a nearly communist system where only those most early adopters are benefiting at the expense of the new adopters. I don't think you understand what communism is. You say that fiat is a rigged game whereas Bitcoin is not a rigged game. While I understand frustration with fiat currency, it is fair to the extent that it is equally unfair. Like it or not governments have worked tirelessly to establish modern society and THAT backs up their claim to be entitled to print currency.
Governments do not solely print currency. They give that freedom to banks, largely controlled by the private sector, which can give out loans based on money that they just made up on the spot. Fiat money used to at least be based on something limited - gold - but now its value is zero because it's only based on previously existing fake money, and inflation spirals on and on since it's cumulative. Furthermore, governments have not worked tirelessly to establish modern society. Each individual government has worked to implement their own vision (loosely based on the voters' visions), all of which are separate from each other. People who bought Bitcoin early will spend it over a long time when the price has settled. It's not like there are no rich people with fiat currency, but who those rich people are changes regularly. Money isn't just held forever. The loss of nearly 1/16th of the current bitcoin supply to a single exchange hack is not dismiss-able. Especially if this were to grow to the desired dimensions of these maximalists. No bank robbery is moving a fraction of the total fiat supply.
The exchange was stupid and unregulated. Regardless, in a scenario when the price stabilises, far less Bitcoin would be held in exchanges anyway, especially specific exchanges. |
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Chances are that many of these offers are "legit" in that the sellers do actually give you the gift cards. How they obtained the gift cards, though, is much more questionable.
Gift cards can also be charged back through their credit card purchase. Be careful.
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To phrase it less rudely:
Sorry, but you probably won't get a trust-based loan, just because the amount of scammers on here is through the roof. A large majority of loans with no collateral end up being scams, which means that the 10% interest isn't worth the 50% or more risk.
Good luck with BTCJam or other systems. I hope you get the loan that you need.
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ranlo:
0.046 (first deposit)
0.005 (reinvest)
3.000 (second deposit)
= 3.051 btc
seems right to me but not yet updated in doc Quite annoying. The OP was active recently and it really shouldn't take more than ten minutes a day to keep this up to date, at most. |
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far better to keep it to yourself. people get very very weird about money. better not infect those closest to you with more of it.
I would say mention it once or twice. If they're interested, let them find out more themselves, otherwise they'll blame you if they screw it up. If they're not interested, leave it alone or you'll end up getting pissed off by their cocky attitude whenever there's a slight dip in price and their pedantic criticisms. |
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Well it's definitely not a giant conspiracy to make Bitcoin look bad, it's just some bastards using Bitcoin. They will use it just like how many bastards use physical cash. Doesn't make it any worse for legal transactions anyway.
The mainstream media have covered Bitcoin surprisingly little after the ransomware attacks, and barely even mention it in the articles except for in passing. Actually, it's very surprising how much their coverage of Bitcoin has matured over the past few years.
More understanding will come with time. Problems like this are barely even setbacks.
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Bitcoin is not cash it Gold.
It is a dream
A dream full of hope
And worth a lot of money
Bitcoin is much more worth than Gold and even cash. Seeing the current price of it you can easily say that bitcoin is a precious item. It has now more worth than Gold and it is a most expensive currency,. Those who have already saved bitcoins are now dreaming high to be rich if the price keeps on moving with the same pace. Claiming that Bitcoin is worth more than gold is meaningless. One Bitcoin (an arbitrary amount of Bitcoin) is worth more than one ounce of gold (also an arbitrary amount). The amount of money that people hold in gold is many times more as gold is actually viewed as a safe haven asset. People claiming that Bitcoin is "digital gold" are missing the point somewhat. To most people, a currency is a store of value. The more convenient Bitcoin is to spend, the more stable the price becomes as people have a fairly consistent amount of money in it, and therefore its value as "digital gold" increases as well as it has more of an intrinsic value. So Bitcoin should ideally be both at once. |
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But talking about ripple, it is not just pump and dump coin because it is in top 10 alts
Stellar Lumens (number 9 at time of writing) is blatantly a giant pump and dump coin. It would be ignorant to argue that pump and dumps can only be on coins with a miniature trading volume - on the contrary, many big altcoins have major pump and dumps. There was a point a couple of years ago went Litecoin went suddenly up to about $50 and then dropped down several times again. |
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Collateral is an item given for a loan. For example, I could have a computer hardware part worth $120. I ask someone for a loan. The person takes my computer hardware part and gives me a loan of $100. This way, if I fail to repay the loan, they can sell the hardware part and not lose money.
To take loans without any reputation/trust, you will need collateral, especially for significant amounts like 0.25 Bitcoin. This could be any digital goods as well, such as an altcoin, but notably if you had that sort of thing you probably wouldn't need a loan right now.
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Looks like Kwukduck was wrong, once again. The "balloon deflating" was a slight bear trap and the price is now back up to around $1800 where it was before.
Bitcoin's price fluctuations often work in pump and dumps of increasing sizes. Three have already happened and after each there was a significant bear market. Based on the changing sizes of those pumps, a pump and dump would currently require the price to rise to several thousand, and this isn't a pump. We get the same idea looking at fundamental causes of the price.
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Something I don't understand and i'm furious at Bitstamp I made a withdrawal sold about 5,600 of bitcoins I RECEIVED that email confirmed it... yet the part where this asshole withdrew the rest of my bitcoins in Bitstamp I NEVER received ANY email yet on the bitstamp log it says the person withdrew 34 bitcoins ,Bitcoin withdrawal request: email was sent to user, Bitcoin withdrawal request: email confirmed by user <---- that NEVER HAPPENED and i've opened security tickets on bitstamp explaining that I NEVER received that email oking that shit!.... what the fuck how did that happen is it possible that it was negligence on the end of Bitstamp or an inside job? I know that sounds conspiracy minded but what the hell am i supposed to think if the 1 withdrawal i know i did i received an email for and confirmed it and i only have MY email address for the website i never received any other notification emails for that HUGE bitcoin withdrawal what the fuck??
It's unlikely to be an inside job. Bitstamp is subject to EU regulations and audits which makes it very difficult for them to pull off such a maneuver. The chances are that you had a keylogger - a type of malware that many antivirus programs can't detect. It monitors everything you type so that the virus can find details about bank accounts, potentially e-mail accounts, and other sensitive information. I would suggest that you instantly factory reset your computer, set up a new operating system and more. DO NOT ACCESS YOUR BANK ACCOUNTS. The keylogger may have been monitoring your activity for weeks before to pull this off. This is why many people hold their Bitcoin on computers that never have access to the Internet, on hardware wallets and in paper wallets when they're intending to hold a significant amount for a long period. I'm extremely sorry for your loss and hopefully this can serve as a lesson to others that holding your Bitcoin online is never safe. |
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Currency is based on storage and people's confidence in it. The only reason that fiat has value is because it is given value by a government and people agree with that value. The difference is that Bitcoin's supply is genuinely scarce, so it doesn't make everyone lose money automatically and instead can both gain and lose money.
With fiat money you're playing a rigged game. With Bitcoin, you're not. If a larger amount of people started holding Bitcoin then, like gold, its dependence on fiat decreases as the amount of people that hold it stabilises. Gold isn't given value by the existence of the metal, it's given value by the fact that the asset is scarce.
Equally, people buy special edition gaming devices and toys for extremely high prices, not because the materials are expensive but because they were told that's the price and they followed along with it because they can't just make their own.
Bitcoin is also quite hard to hack. I could equally break into a safe holding some gold, and that would be a "hack" in the physical world.
Most things related to Bitcoin are comparable to assets that exist in "real life". To argue that a digital asset has no intrinsic value is meaningless - its value is kept by the tech combined with scarcity, just like how a stock's value is kept by the company.
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But this doesn't actually prove anything.
If this guy was against SegWit in secret, he could just spend the coins and then everyone else would laugh at him and support different scaling solutions. It basically could be a giant conspiracy for all we know - if the coins actually get spent it wouldn't prove whether SegWit security works.
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So, poloniex is down? Or they are going to be scam?
Its up right now. Maybe it just went down for few minutes while you were checking, you should wait for some time before accusing them of scam. are you serious? They are going down continuously everyday... check there: http://poloniex.com/trollbox ; People are leaving polo... i'm considering switching to bittrex or kraken, does anyone know if the issues polo has faced in the past 1-2 weeks are also being experienced by these two exchanges? They're not. Bittrex is a much better exchange than Poloniex - decent trading volume, running for longer, more coins, etc. Poloniex's activity is extremely suspicious - slow withdrawals; downtime only when a coin pumps; "DDoS attacks" which don't let us trade but do make the coin get dumped in the middle of it, and more. |
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