images from slack:   That would be an understandable response if their fucking support was actually existent but since it's not it just seems like no one gives a fuck. Is this exchange being run by kids? I thought this was a professional exchange handling around 10% of the crypto volume but it turns out they are worse than etherdelta. |
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Proof is not hard to look for - it is everywhere. Every social channel is flooded with comments of people who have been scammed by Bittrex. Funds worth in (many) millions $ US are seized by Bittrex.
I also don't understand what they are doing on twitter, picking a few users and solving their tickets, are they teasing people or what is going on? It's also funny that people who are verified don't give a fuck about what's going on and they continue to use the exchange... |
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If you can withdraw your money, do it. This exchange is absolute garbage. Run by greedy fucks. Having to verify just to withdraw cryptos is stupid. I didn't have to verify to deposit now, did I? Oh of course not, they will allow you to deposit 1 million btc if you want but withdraw?? OH NO, WE DON'T WANT PEOPLE TO WITHDRAW, they might be money laundering, oh come on, fuck off. If I ever get verified I will just withdraw everything and never comeback to this idiotic exchange. No one should use this, ever.
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Fucking retarded shitty ass exchange telling me that I reached my withdrawal limit. Oh you have a 0 BTC withdrawal limit, what the fuck is that? These fucking idiots want you to verify yourself with your ID to withdraw YOUR money from their shitty ass exchange, are they fucking out of their mind? Oh to prevent money laundering? You gotta be fucking kidding me, at least give us a 0.1 withdrawal limit per day you idiots. I would punch them in the face so hard right now. If this exchange is not a goddamn scam, it sure is fucking crappy. Id verification to withdraw cryptos, never seen such thing until now.
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Bitcoin is slow , has high fees ... ?
Reason why people are saying that bitcoin has a high fee is because you are converting it to your fiat currency. Try looking at the transaction fee as satoshi and it is still the same. $10 in transaction fees before will surely increase today because the price of the coin already increased but nothing is wrong with that. Transaction fees are being computed on how the coin was created but not on how it is converted into fiat. It is not only outdated but highly overvalued. This is not FUD. It's the truth. Bitcoin was intended to be a currency and it's far from it now. With the ridiculous fees alone, it's just impossible to use it as a normal currency right now. There are coins that do what bitcoin does with other features as well. Bitcoin should not be nr.1. It's only there because people only care about the name right now, the technology behind the coins doesn't always mean the coin will have a high value but give it some time, if people ever start to use them as currency only the really good ones will succeed and bitcoin will probably fall.
You are contradicting your statement how will it be overvalued if you want it to be a currency. For bitcoin to be used as a currency you should be able to use it to do purchases same as fiat and for it to do that bitcoin should have an enormous price millions of dollar per piece. When do you want the price to increase when people are already using it as a currency? That is impossible because bitcoin can't be introduced in an instant with a high price. No it doesn't need to have a ''high price'' because price shouldn't be determined by dollars. If you buy something with euros, a coffee, for example, you don't care how much the eur/dollar ratio is, you care how much the coffee costs in euros. It should be the same with bitcoin. Since bitcoin is divisible, it doesn't matter that the total cap is low. That's the only way for cryptos to be used as real currencies, only when the price of it doesn't matter, only when people actually care about the cryptocurrency itself rather than the price. |
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If the price does skyrocket which is more than possible considering this past year has been great for BTC, then I might sell a % but I'd still keep a decent amount forever, which begs the question how would your family inherit your bitcoin?
What do you mean ''if''. It already has lol, we are at 9400$ that's insane considering the extreme fees and outdated technology that bitcoin has. While Bitcoin was the pioneer of this new form of Blockchain technology, there have been advancements around it that have overtaken it. Businesses looking to utilize decentralized chains and tokens now have a range of choices that have improved upon the original Bitcoin. The switch to altcoins, as well as so-called superior technology, is not new in the world of Blockchains and cryptocurrency. Yours, a Blockchain based social network, switched away from Bitcoin to Litecoin, for similar reasons surrounding fees and speed of transactions. There is a lot of worrying developments and discussions surrounding Bitcoin at the moment, especially about the scaling debate. These factors, coupled with the current difficulties Bitcoin is having with an influx of users, is driving away companies from their Blockchain. |
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It would be much more popular or at least, much more used. Bitcoin is barely used to do day to day transactions like you would with regular currencies which is a shame. People treat it like an asset instead of a currency. In the future cryptos will be stable enough to spend them as currencies. That will only happen when people stop looking at them and comparing them to other currencies. When you buy coffee with euros you don't ask how much that is in dollars because you don't care about the value of euros compared to dollars. It should be the same with bitcoins or cryptos in general.
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Holding bitcoins is basically against the purpose of bitcoin, which is to be used as a currency not an asset. The price is already very high, it wont last forever. The moment people really start to use cryptocurrencies as real currencies bitcoin will die, its technology is outdated compared to many other coins, fees are huge, it's just not feasible to use it as a currency. It's an illusion, it's only this high because people love to speculate with it, it's a brand, a name, everyone knows about bitcoin and that's what drives the price so high but eventually when people start to use it they will realize very quickly that it's not so good, specially when you are buying a 2$ coffee with a 6$ fee.
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It is not only outdated but highly overvalued. This is not FUD. It's the truth. Bitcoin was intended to be a currency and it's far from it now. With the ridiculous fees alone, it's just impossible to use it as a normal currency right now. There are coins that do what bitcoin does with other features as well. Bitcoin should not be nr.1. It's only there because people only care about the name right now, the technology behind the coins doesn't always mean the coin will have a high value but give it some time, if people ever start to use them as currency only the really good ones will succeed and bitcoin will probably fall.
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im on my sleepy tight, i will read this thread later, and this is interesting to me.
but i got what the point on it.
Don't bother. This is a retarded scam that has been going for years. In fact you can search it on google and see for yourself how many times the ''global currency reset'' has happened. They are claiming the same shit all the time and when it doesn't happen they just postpone it to a different date. |
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Bitcoin is far worse than many many other cryptocurrencies. Ethereum, for example, got a lot of advantages with the better block time and the better technology. Blockchain technology is useful for far more than keeping track of a currency's balances, and Ethereum lets developers build applications without having to build their own blockchain.
Litecoin is like Bitcoin in many ways, but it has a faster block generation rate and hence offers a faster transaction confirmation.
Dash (originally known as Darkcoin) is a more secretive version of Bitcoin. Dash offers more anonymity as it works on a decentralized mastercode network that makes transactions almost untraceably
Bitcoin price is not reflected in its technology, in fact most coins aren't really dependent that much on their technology to achieve success. Many many shitcoins have a high value and many high quality coins have a low value. This will eventually change in the future but for now, you can get rich investing in shit coins. Welcome to the crypto world.
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https://www.buybitcoinworldwide.com/buy-bitcoin-bank-transfer-account/Most of those also allow you to withdraw money to your bank account but many of them would ask you for identification, usually ID and proof residence. I personally used Cex.io and it worked out just fine. I used to use btc-e to withdraw money to my bank account but now that they have changed I don't know if you should take the risk.
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What really gets me is that Dinar cultists can persuade themselves that handing trillions of dollars to a random set of people just because they "invested" in some crappy z-rated currency, rather than, say to people measurably in need, would be just or fair. After that bit of mental gymnastics I can see how they believe in Chinese Royal Families, White Knights, etc.
The GCR crowd will tell everyone how rich they are going to be if they buy silver and gold. They tell them they are going to survive the end of the world and all they’ve got to do is buy their junk newsletters that contain all the details. They scare them into a sense of urgency and tell them time is short. That is the reason for setting dates in the first place. It’s propaganda 101.
The dollar collapse predictions keep coming. Over the last decade, there have been many failed dates and we have seen 4 dates just in 2016 alone. First, the dollar was supposed to crash sometime during the entire month of April. Then the dollar was supposed to crash on May 28th, 2016. Then the dollar was going to crash on September 27th, 2016. Then once that date expired the dollar was going to crash on December 31st, 2016.
There are many different conspiracies that combine to make a super conspiracy in what is now referred to by these scam artists as the Global Currency Reset. This fictional event is constantly compared to the 2008 meltdown. In fact, many compare their fictional end of the world scenarios to the 2008 meltdown.
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The game works against people who aren't playing big and is set to block the richest, that's my personal idea.
If you had huge money to spend you theoretically could play the system even by martingaling 50 bets in a row, but you'd need a lot of money to do it. Casinos know that and are adding max bet limits. So if you are there to play low and can't go big after a number of small losses in a row you just can't get your money back and they can safely keep you at 49% win ratio and still make money.
It's not only an internet casino thing. I've seen pro players being kicked out of real casinos because they can't just limit your bets there so the only way is to stop you from playing.
To be able to lose 50 bets in a row you would need an insane amount of money it wouldn't even be worth it to bet in the first place. Even with bitcoins if you start with 1 satoshi bet, 40 bets in a row would need 5400 bitcoins and 50 in a row would need around 5.5 million bitcoins. Even if you have the money, keep in mind that you are betting 1 satoshi so even with a bot betting, you would need to bet for months and months just to win some money that compared to your 5.5 million bitcoins is still meaningless. As I showed above it's also better to just bet half of it at 33% and if you lose bet the other half at 24.75% because this gives you total odds 49.58% which is a bit higher than just 49.5% that you would get by making a single bet and you save all the time that would take betting at 1 satoshi. The gambler can have thousands or millions of Bitcoins, at some point he will touch the maximum bet allowed by the house and that is the end of the streak. So he will need to continue betting the maximum allowed, or he will need to start again... Progressively losing money without chances of recovering it. And you can change the winning chance to 90% or 1%, doesn't matter, the result will be the same on long term. Unless you have infinite money which is not possible, having a lot of money wont make you win, casinos have a maximum bet to cover their own bankroll not to stop martingale from working. The problem is that if someone with a lot of money comes in and makes a few martingale bets with a very big starting bet, the chances of winning are pretty good for him if he only plays a few bets and then leaves so casinos put a limit on red/black type of bets to ensure the max bet is not too big forcing the player that has a lot of money to start off with a small bet. If you were to play for a long enough time, you would lose even with 100 billion dollars, eventually... |
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Actually there is no long-term stragedy, cause every stragedy has their own errors inside and you will be busted.
True, there is none on gambling because the result depends entirely on its internal setup. We can find some strategy but it is only useful for a short period of time. Using it again and again for a long period of time will lose its effectiveness and will give us a losing result. I have tried this several times and it really happen. I win in the beginning but in a long run, I lost all my bankroll fund. That's impossible, if a strategy works for a short period of time it should work for a long period of time too. There is no such thing as a strategy that only works for a short period of time. You might have won in the beginning but that's just your personal experience. I'm sure there are a ton of examples of people losing everything in their first few bets. If you have a strategy that works for the first 100 bets then it should work for the next 100 bets as well. The only strategy that ''works'' is something that gives you the best odds with the least amount of bets to save your time. Martingale wastes a lot of time with a lot of very small bets but it doesn't give you better odds than many other strategies making it a very bad strategy overall. |
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Ok, I was talking about a ''strategy'' here: https://bitcointalk.org/index.php?topic=2420633.msg24806542#msg24806542Basically it gives you more chances to win than you would have when betting only once. I personally think that you can have a strategy but mainly to save time. Martingale for instance is extremely time consuming especially if you start with something like 1 satoshi base bet, even if you have a bot betting for you. You spend hours and hours even days or weeks for a very small payout with the same risk as other strategies. The ''strategy'' I linked is basically the fastest and best odds that you can have so I suggest you to use that one instead of wasting your time with other pointless strategies that wont increase your chances anyways. I don't agree with your math. Chance to win first bet is 33% and chance to win second bet is 24.75%, i am not sure how you did that calculation and came to 49.5% but it is wrong, if you lose first bet chance to win second bet (with increasing multiplier from 3X to 4X) is still 24.75%. Obviously each independent bet has their own % If you lose both the 33% and the 24.75% - the chance of that is (1-0.33) * (1-0.2475) = 0.504175 (Just like losing 2 times in a row at 50% has 25% chances of happening and so on) chance of success is 1 - 0.504175 = 0.495825 = 49.5825% That's the math, it's not wrong. Obviously the second bet is still 24.75% and the first bet is 33% but combined, the chances of losing both are the ones showed above just like if you bet 2 times at 50% you have 25% chances to lose both bets, each bet is still 50% regardless. |
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Ok, I was talking about a ''strategy'' here: https://bitcointalk.org/index.php?topic=2420633.msg24806542#msg24806542Basically it gives you more chances to win than you would have when betting only once. I personally think that you can have a strategy but mainly to save time. Martingale for instance is extremely time consuming especially if you start with something like 1 satoshi base bet, even if you have a bot betting for you. You spend hours and hours even days or weeks for a very small payout with the same risk as other strategies. The ''strategy'' I linked is basically the fastest and best odds that you can have so I suggest you to use that one instead of wasting your time with other pointless strategies that wont increase your chances anyways. |
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The game works against people who aren't playing big and is set to block the richest, that's my personal idea.
If you had huge money to spend you theoretically could play the system even by martingaling 50 bets in a row, but you'd need a lot of money to do it. Casinos know that and are adding max bet limits. So if you are there to play low and can't go big after a number of small losses in a row you just can't get your money back and they can safely keep you at 49% win ratio and still make money.
It's not only an internet casino thing. I've seen pro players being kicked out of real casinos because they can't just limit your bets there so the only way is to stop you from playing.
To be able to lose 50 bets in a row you would need an insane amount of money it wouldn't even be worth it to bet in the first place. Even with bitcoins if you start with 1 satoshi bet, 40 bets in a row would need 5400 bitcoins and 50 in a row would need around 5.5 million bitcoins. Even if you have the money, keep in mind that you are betting 1 satoshi so even with a bot betting, you would need to bet for months and months just to win some money that compared to your 5.5 million bitcoins is still meaningless. As I showed above it's also better to just bet half of it at 33% and if you lose bet the other half at 24.75% because this gives you total odds 49.58% which is a bit higher than just 49.5% that you would get by making a single bet and you save all the time that would take betting at 1 satoshi. |
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Username : Bardman
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