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5601  Bitcoin / Bitcoin Discussion / Re: Reasons why not to invest in bitcoin? on: May 02, 2018, 03:29:56 PM
Well there are tons of them besides the one you mentioned, illegal use and high volatility which brings huge risks to your investment (but hey, you can bring this price fluctuations to your own advantage). One of the main reason is that we have no clue whats written on the faith on bitcoin on the future. Any huge step taken by the government or the bank can actually destroy bitcoin. By destroying it i mean the price, they can make it valueless. Another reason is if you don't know what you are handling, then don't invest. You might end up losing all you have.
5602  Bitcoin / Bitcoin Discussion / Re: Transaction price Bitcoin on: May 02, 2018, 03:13:14 PM
Today I was amazed at how low the commission was when transferring 0.07 bitcoins. Only 192 sat !!! The transfer took about 10-20 seconds. It's very, very cool. About $ 650 for $ 0.017 - this is something! Bitcoin is the future!
You realized it just now? I have been using very low fee for last few transactions and the confirmation speed was amazing compared to previous fee and time. The average fee i have using is around 25 sat/b. The fee did go high momentarily when the price of bitcoin spiked, but looks like its normal right now. By the way, you can use https://bitcoinfees.earn.com/ to know the estimate fee and confirmation time based on current network situation.
5603  Bitcoin / Legal / Re: Advice regarding refund from an Exchange(Bitlish)after a hacker got all my funds on: May 02, 2018, 03:06:55 PM
So, The exchange platform is Bitlish.com.

Exchange is registered on
Reg no. 9564930
161-165 Farringdon Road, London, United Kingdom, EC1R 3AL.


Context:

On april 30, between 2-3 AM my account was hacked, my 4000HBZ were sold for a crappy price in ETH, then converted to BTC and sent out to an external wallet.
In the morning i found the language switched to RU and all funds gone.

I submitted some tickets to their atifraud sistem,and after allot of waiting, they asked me for some photos with my ID, selfie, and a proof of address . (Is this legal? Do i have to send them?)

What would you recommend for me to do, so i get my assets back?

I know it's a long shot, for an exchange to refund it's users after a hack occurred, But i'm willing to do anything, even if i lose more money with lawyers and stuff like that, than what i already lost.

I also know i din't lose allot of money, my 4k HBZ were about 40-60$. But i bought those in ICO stage with 0.15$ per coin, so seeing the price drop, and after that losing my coins after i invested time into a project pissed me off.


How easy is it to access your account? I mean was there any additional security layer on your account like two factor mobile authentication or email notification when someone from unknown device accessed your account? Or at least an email approval when withdrawing from your exchange. All these additional security level should exist in an exchange, or else you should avoid that exchange. And if it does exist and it is you who did not enable them, then its actually your fault. The hacker somehow got hold of your credentials and hacked your account. Maybe you used the same Login information on different sites and one of those sites had their database leaked.
Again, think about it this way. If they let you have  a refund, then imagine how many people are going to abuse it. They will say that their coins where hacked (despite it was them who sold their coins and cashed out) and ask for a refund.
Sorry to say, but the chances are low of you getting back your coins. I know its very frustrating, but the best thing to do is move on and stop crying over spilt milk, you will just end up with more losses. Since you believe that the price of HBZ will eventually skyrocket anytime soon, but the price has dropped for now, then use this opportunity to buy and sell it when the price goes up.
5604  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a good investment? on: May 02, 2018, 01:59:34 PM
When buying crypcurrency, Buffett said, "You do not invest when you do it. You are speculating. There is nothing wrong with that. If you want to bet others will come and pay more money in the near future, it's a kind of game. But that is not investment. " Are we participating in a game?
Warren Buffett thinks that investing bitcoin is like gambling, what else can you expect from him? His words might be true if you think in short run, but think about the long run. As long as people are starting to adopt crypto currencies, the prices are bound to go up and that is not a speculation, but a truth.
5605  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will bitcoin be replace by ethereum/ripple on: April 28, 2018, 01:53:52 PM
We don't which coin may takeover bitcoin in the future, but i do know that its not going to be ripple or XRP. A "centralized"(ripple having control over 60% of the coins does make it centralized) coin can never take over bitcoin. Even Stellar/XLM has better chance to take over bitcoin than XRP.
5606  Bitcoin / Bitcoin Discussion / Re: There are no coins. Bitcoins actually do not exist!!! on: April 28, 2018, 01:21:42 PM
Instead of storing actual coins, a distributed public database keeps record of all timestamped and confirmed transactions between bitcoin addresses. For the transactions to enter this public ledger the signed transactions need to be broadcasted, validated and accepted by the bitcoin network, to avoid any incongruence and double spending.
Bitcoins only exist as balances associated with bitcoin addresses as a result of previous transactions in the sense that you can trace the chain of valid transactions until you reach a special transaction called "coinbase", i.e. some minted bitcoins that enter circulation as scheduled.
To allow value to be split and combined, transactions contain multiple inputs and outputs.
The output values of previous transactions will be referenced as input values of future ones.
Previous transaction outputs are referenced as new transaction inputs and transactions simply allocate funds to a new owner that can then spend them in a new transaction.
There are no coins. Bitcoins actually do not exist!!!
I guess anyone who heard about bitcoin and other crypto currencies does know that they do not exist physically and is just a digital currency used to reflect the balance of its associated address.  But you did explain well how the transactions and balanced are updated.
5607  Alternate cryptocurrencies / Altcoin Discussion / Re: Company Starts Paying Salary In Bitcoin ? on: April 28, 2018, 01:13:05 PM
Good thing they will pay their employees in crypto currencies, but i do hope that all their employees knows the risks of accepting it as salary and the company has explained those risks to them and also signed up legal terms where the employees can not sue them in anyway if the market crashes or something bad happens. Many legal issues might rise specially FLSA laws (does not apply in Japan, not sure though) which might create a huge havoc.
5608  Bitcoin / Bitcoin Discussion / Re: Is there a reason why Bitcoin has to be the crypto in the future? on: April 28, 2018, 11:44:28 AM
We don't know if Bitcoin will remain the top crypto currency in the future or not. People always tends to trust things that has been on the market for a long time. They are we known and well spread. New technologies kinda make people a bit suspicious and they do not wish to use them as long as they are not well established in the market for a long term. For now bitcoin will be holding the market as a leader, but not sure who will take over in the future.
5609  Bitcoin / Bitcoin Discussion / Re: How to transfer Bitcoin from Coinbase for free! on: April 28, 2018, 11:44:15 AM
I see many people are upset about Coinbase and their insane transfer fees so I thought I would make a simple instruction about how to transfer Bitcoin outta Coinbase for free. Lets get to it!
Go to GDAX.com and log in with your Coinbase account. GDAX is owned by Coinbase, and it’s their platform for more technical people.

After you logged in, verify your account if necessary.

Press the “deposit” button and then deposit your Bitcoin from your Coinbase wallet. It’s free and takes only seconds.

Press the “withdraw” button, then open the “BTC address” tab and put the address you wish to send your bitcoins to in there.

That’s it! You have sent your bitcoins to another address and avoided some serious fees.
Its best not to completely trust an online wallet. You better pay fees from your desktop wallets or other wallets (where you have full control of your funds and private keys), than be sorry latter. There might be a chance of online wallets getting hacked or going down (coinbase users actually know how it feels, as they have been there) and you losing access to your fund when you need it most.
5610  Economy / Trading Discussion / Re: Crypto world vs Fulltime job? to establish better life. on: April 27, 2018, 07:01:59 PM
Hello everyone.

I am new here in crypto world but I have no experience about what is the way to earn money using cryptocurrency. I was already studied few things about cryptocurrency but for me it is not enough.

I believe that all of us are have a chance to make a better life in crypto world however I don't know to start  or where I do start? Many of members here said that investing and trading are the best way to earn more profits.


Do think that trading and investing with cryptocurrency are much better to my upcoming fulltime job? Because at this time I'm just waiting for the call of my fulltime job. What are the best advice that you may give to me. should I reject the fulltime job that I've been waiting for or to go enter the world of investing and trading?


Can you share you experiences and ideas for me. 


It is the great opportunity for me to read your answers.


Thank you in advance.
You probably have the wrong impression about making profit from bitcoins or other crypto currencies. First of all, its sounds like you think that money just flows into your bank from crypto currencies. Nope, that is not right and this is something you should forget. You will need to bear risks when investing on crypto currencies. Not only investment, but trading also holds huge risks. But trust me, the risks are worth taking.
5611  Alternate cryptocurrencies / Altcoin Discussion / Re: Do I need to say more? on: April 27, 2018, 06:43:03 PM
Taxi was doing a perfectly good job....
but Uber works better!!!

Landlines phone were perfectly good phone...
But cellphone works better...

We have Fiat but Bitcoin was introduce...
Do I need to say more?
Just because one thing was better than the other (only few of those) and took over, doesn't mean its going to happen every time.  Taxi still exists and people still use taxis. But before uber came or cellphone came, it took people some time to get used to it. Similarly, people will need sometime to get used to bitcoin and adopt it before they can officially start using it.
5612  Economy / Economics / Re: Does Bitcoin create a hole in the cycle of economy? on: April 27, 2018, 03:37:52 PM
Income tax, property tax (millage rate), sales tax and tons of other tax can be easily traced and must actually be reported or else the person can be prosecuted and face huge amount of penalties. Direct taxes can not be imposed on bitcoin, but the government can still tax consumers/producers indirectly. So i don't any issue when people starts using crypto currencies instead of fiat - like i said they will still have to report their taxes. And if someone still talks about tax and government, just hit them with the dead weight loss issue.
5613  Alternate cryptocurrencies / Altcoin Discussion / Re: Is there a possibility that ether will reach to 19K USD in the near future? on: April 26, 2018, 08:13:34 PM
I was wondering from what I have read in the forum threads and a lot of people talking about the rise of altcoins. Most of it are saying that it will be ether to achieve what bitcoin has achieve today. They talk about its market price volatility or its price that is slowly recovering other than bitcoin that for somehow as of this moment has fall down a little bit on its market price. One thing came to my mind and that is the possibility that ethereum could be next to bitcoin? I am also happy if this will happen since I am holding a 1 ether in my digital wallet and I am hoping that one day ether will somehow break the record for bitcoin even though it is an altcoin.
Just look at the current circulating supply and the market cap. You will get your answers. Or let me tell it - the chances are extremely low. The based on just the current market supply, the price you are expecting that is $19,000 USD means the market cap being more than a trillion USD which is quite insane for a single crypto to cover. More over it might be possible but the price of bitcoin will be way higher than it is now, so you will be better off investing on bitcoin.
5614  Alternate cryptocurrencies / Altcoin Discussion / Re: All Alt Coins are a scam. on: April 26, 2018, 07:47:20 PM
Most altcoins scam, but even on them you can make good money. So what's the difference between a scam or not if I have a profit from this?
Although in long periods I invest only in coins that have a future and real use.
This statement proves how stupid you are. You are just thinking about the short term affect. True you can make huge profit form those scam coins but only on short term. More scam coins will cause more trouble but in "long term". You won't see the affect immediately. Those scam coins will create bad impression on crypto market. Thus it will eventually cause a huge negative impact on the price.
5615  Alternate cryptocurrencies / Altcoin Discussion / Re: wtat are the biggest disadvantages of altcoin ? on: April 26, 2018, 07:22:59 PM
What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved.

Your title asks one question and then you describe something else (asking about bitcoin). Just in case you didn't know, bitcoin and altcoins are different things. Coins which are not bitcoin, are the altcoins. To answer  to your title that is what are the disadvantages of altcoin, you will need to know how the market works. There are shit tons of altcoins. Most of them are just some exact duplicate of other coins with just a name change. They are mostly the scam coins. These coins just create a bad impression on crypto currencies. People who are new to crypto currencies end up investing on those coins and as a result suffer huge loss. Thus the market it self starts to collaspe.  All they are doing is just crearing oversaturation which can negatively impact the market.
And bitcoin is not being used as a mainstream payment form due to its price fluctuation which makes it quite unreliable to store.
5616  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I invest to Ripple? on: April 26, 2018, 06:19:24 PM
you can easily invest absolutely anywhere,but why invest in a coin that has absolutely no future?I just don't understand.
How do you know it has no future? I also don't support ripple since XRP is some kind of centralized shit which quite exactly the total opposite of what we are trying to achieve crypto currencies. But this does not mean that it has no future at all. Maybe people might use XRP and then get to know the real potential of decentralized crypto currrencies. Again people are investing on XRP because of all the attention its getting and they are hoping that the all theses attention might cause price to go up above.
5617  Economy / Trading Discussion / Re: How do whales mainpulate the market? on: April 26, 2018, 09:43:08 AM
I often see the word 'manipulation' in cryptocurrency world. I only have general sense of that, but I have some questions about it. How exactly do these whales do this? Is there a way to spot it? And is there any chance these whales lose money?
It is quite simple to understand. "Whales" are those who are rich enough to buy anything they want and somewhat famous. They can easiliy influence the public. Anything they say against or for crypto currency causes the price to jump up and down - a form of manipulation. Another form is indirectly purchasing a huge amount of coins in short period of time causing the price to surge up. This price rise makes people "panic buy" more of those coins and in the end the price starts to jump further above. This caused the initial investor (the whale who is manipulating the market) to dump all the coins and max out his profit. Causing the price to drop. Seeing the price drop other users starts to "panic sell" all their coins which further dumps the price. Thats where the whales again step in to repeat the inital process.
5618  Economy / Speculation / Re: BTC Price Pullback on: April 26, 2018, 09:14:26 AM
https://www.coindesk.com/10k-on-hold-as-bitcoin-sees-price-pullback/

I know everyone was excited to see the onset of a bull market but most of us had to see this coming. Anyone moderately experienced in the movement of Bitcoin and cryptocurrencies in general would know that rapid growth like what was seen recently cannot be facilitated without minor corrections in mind. The price will bounce back. 20k Bitcoin is not going to happen over night. The sooner the masses realize this, the better off the whole community will be. For now we all should be loading up on these corrections.

Good Luck Traders,
The Elysian Team
After seeing the price rise, people who are expecting the price to reach $20,000 USD over night should not even think about investing on bitcoin as they actually do not know anything about bitcoin and is at the risk of losing everything. To be honest this minor corrections are actually good for the health of bitcoin economy and is quite natural - something that should actually happen instead of constant price rise.
5619  Bitcoin / Bitcoin Discussion / Re: Anonymity of cryptocurrencies owners on: April 25, 2018, 09:27:13 PM
I have always supported bitcoin and its anonymity. Today, we heard about the users who got hacked after they logged in to myetherwallet. This wasn't the first time some users got hacked and there is no doubt it will happen again. It can happen to all of us. There is no difference you are holding bitcoin, Litecoin or Ethereum. All of us wish it was possible to punish that hacker. But all the holders are anonymous. So, anonymity is not always good. What is your opinion about cryptocurrencies anonymity considering this issue?
First of all bitcoin is not completely anonymous. It is what we call "pseudonymous". As long as your wallet can not be linked to you, you will be safe. Google that term along with the keyword bitcoin and you will get to know what I mean.
And how is anonymity related to hacking? A random account can be hacked if the "anonymous" user isn't careful enough.
5620  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are we heading for full recovery now? on: April 25, 2018, 09:26:26 PM
If you are considering the peak price of last year, that is around $20,000 , then we yeah are heading towards a partial recovery. Though a full $20,000 USD recovery kinda seems too optimistic. I am expecting the price to be around $13,000 within a month, based on the current growth rate.
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