Same could be said of Bitcoin Gold, lol.
Yup. Any shitfork still alive and tradable will likely provide a better return than their daddy provided you run for it in time. I wonder if any dead ones will be revived. And let us not forget Bitcoin Gold outdid Bitcoin in volume in South Korea for brief periods. But the traders are all idiotic nutters there by the sounds of it. |
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You have ended up at an impostor site. No exchange has EVER done that to my knowledge and never, ever, ever will.
Double check the domain you're on for starters.
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It's very likely the two cheap bitcoin knockoffs (BCH and BSV) will become increasingly irrelevant as time passes since they offer nothing that a thousand other blockchains don't already offer and their whole identity is built on a marketing scheme of fraudulent claims.
They have 'Bitcoin' in the name and they're 'cheaper'. That is enough for them to last forever and more than likely make anyone who buys them in a lull far more profit than Bitcoin will. It's odious but that's human nature and that don't ever change. |
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I can't log in via the app either a few minutes ago. I've had this a few times in the past. I've always assumed they were flat out flakes so planned accordingly from the off.
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Satoshi being revealed as Room 39 in North Korea?
There doesn't need to be a tangible actual event. All there needs to be is a chain reaction of people questioning whether they've spunked too much money in the depths of their frenzy and what is this shit actually worth anyway?
This is 100% as inevitable as its sharp rise in the first place.
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I've just created a Binance account, installed the app (and immediately jumped to lite mode for starters  ). I notice a lot verification prompts telling me do this, do that etc. I did the basic 2 Factor verification, but is it necessary to do all the other verifications in the settings such as 'Personal details' and 'Address verification'? I ask because of reading a lot of comments on here where people seem to be against KYC, is that this? Or should I just go ahead with this verification without worry? Also, is there any preferred way you guys deposit funds to exchanges? There seems to be two main options of credit/debit card and bank deposit (although it looks like the ID verification mentioned above needs to be done or you can't progress with either?). Thank you everyone for your continued patience. I'm hoping my stupid questions will also be of help to other newbies too. If somewhere has optional KYC like Binance I always do it. It's a right pain if they freeze you and demand more info and you never know what trips them. Better to get that out the way before that happens. I certainly wouldn't do it with the more obscure places out there as you've no idea how secure their file storage is or whether they use your info themselves. KYC is a fact of life with centralised exchanges. You can avoid it with decentralised services but their volumes are pitiful and some supposedly decentralised joints have asked for this too. Any time cards are involved fees will be much higher, or they won't be available at all because of the risk of charge backs. Bank transfers are cheaper. And I don't think there's any such thing as depositing into an exchange account with a card, you just buy crypto directly and immediately. |
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Thanks gentlemand. I had heard that one mentioned, but it's not been pushed as much so maybe I'd better stick to Binance first as my first exchange, then looking into Kraken in a bit. Great to hear about the UK faster payments.
Kraken has been around since before Binance's staff were sperm yet to be made. Just because Binance makes a great deal of noise does not mean it's 100% dependable or proven. They certainly get the job done but their status is questionable in more than a few jurisdictions. Kraken has never been hacked. Binance has. |
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Whatever happened to that professor in Brazil that trolled this thread for years? Anybody remember his name?
I'm curious if he still has an online profile and twitter account.
Last time I heard from him he made a lengthy negative comment on a pending ETF application when the SEC asked for public feedback.
https://www.reddit.com/user/jstolfi/comments/He has not let up. No, sir. It must be multiple hours of his day since 2013 now. When I take a little look around I think he's losing the battle. We need to get hold of his family to stage an intervention. |
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Never heard of them.
More and more exchanges will be doing this. Coinjoin stuff leaves a very distinctive whiff and exchanges have been known to go many, many levels down. I remember someone getting their account shut by Coinmama for a tx more than 15 steps away from their wallet.
Hopefully you get this resolved and you're vastly better off keeping full control over your own crypto in future. Make some noise on Twitter and places like r/bitcoin. That'll get them responding faster than any ticket.
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Kraken has UK faster payments now and I've never had any trouble with there. Gemini is getting the same too soon and it doesn't get more solid than them. If you want to go shitcoin crazy then neither of those have a vast amount but they have a few.
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If this cycle plays out it's the one where Bitcoin puts itself above anything else so emphatically that the 'battle' will be over. The big wigs are not going to give many others a look in and the law of primacy will win out.
That's not to say there won't be a ton of action lower down but it's going to look increasingly puerile. Not that that's going to stop anyone of course.
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in order not to worry about meeting a series of strict guidelines that would have to be met while maintaining a legal tender. It is also preferable by many traders to not have to worry about reporting each transaction to the tax office for tax purposes. BTC/USDT is crypto/crypto transaction not crypto/Legal tender so potential profit / loss in many jurisdictions is not subject to taxation.
Anyone who thinks that had better double and triple check down their local tax office. In the US and UK at least there is absolutely no difference between moving into USD or USDT. Both are classed as a disposal. I'll bet there are thousands upon thousands of traders who have unknowingly run up humongous tax bills believing they're somehow immune because it's crypto. Not so. Hopefully they'll get away with it. |
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Bitcoin is something as a currency, whereas the gold is a precious metal that has multiple usage on different purposes starting from jewellery to medical industry.
And these people don't give a shit about that aspect. Gold's actual usefulness makes up for a small proportion of its value. The rest is store of value, speculation and safe haven. That's where the big bucks reside. Governments and central banks are the real players when it comes to gold. I can't ever see them replacing it with BTC. That still leaves a lot of players elsewhere. |
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That is pretty huge for the South Korean crypto market, the volume there is insaneee and its gonna affect things over there for sure. Who knows, Huobi might wanna overtake Binance as the top exchange worldwide, and maybe thats why Huobi purchased such a big exchange?
South Korea had zero fee exchanges for quite some time just as China did back in the day so that volume is meaningless. And Korea is a closed market so it lives in its own little world. It'll no doubt make them some money. It's not going to be world changing as the world can't get to it. |
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No i dont think so. It's too much to ask currently. I guess next couple of years will be bearish. We may see bitcoin breaking previous ATH by the end of this year.
That's not how it's worked in the past. Eventually the previous ATH becomes a fond memory. It's one small step on a much larger trajectory upwards. If we match other cycles then this year is nothing other than a warm up. The real action is next year. We have no way of knowing whether it will repeat in a similar fashion but right now it's looking that way. |
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Since around 2013/14 ish we've had traditional finance types applying their 'magic' to Bitcoin predictions. I'm rather certain not a single one ever got anywhere near reality. I have little doubt that this will be an exception.
I think we are likely to have our wigs blown off over the next year or so. To that extent seems rather fruity to me. I guess stranger things have happened but I won't hold my breath.
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I'm still of the opinion that any custodial service dealing with IOUs and not operating full-reserve is effectively a scam. Most people just don't realise it yet. This applies to any exchanges or webwallets operating fractional reserve, not just PayPal.
It's a bit like 'Schrödinger's Cat'. Until you open the box, you cannot tell whether the service has your BTC or if it's actually dead.
Paypal has a Bitlicence. Itbit/Paxos who are doing the actual work have one and a banking charter thing. They would not be allowed to operate fractional reserves. If they attempted that they'd be nailed to the wall and also unbelievably stupid to attempt it. It's the type of thing some college kid asshole would happily do, not big old players. |
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Dunno about this particular rally but what we should be looking at is supply. Many of the coins bought by these types will never reach the open market again. They'll be held, privately traded or used as some sort of collateral.
Mining won't meet increasing demand so that means less floating around that's actually buyable. Every newcomer, be they a little man or institution, is going to build pressure on a shrinking pool of availability.
The really interesting bit, if institutions are balls deep by the time this bubble is ready to pop, is what happens on the way down. Will there be sustained scooping up in a way there wasn't before or will the dumpage be even more brutal? It's not as if any of them will have any emotional investment.
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This is just from US and if they open to Europe and all other continents, PayPal users are everywhere even in Asia.
I'm guessing it's US only because of the Bitlicence and the services they're using who also have them. In most other places there's no regulation as explicitly set out as that and they may not bother until there is. Japan is the other obvious one but I've no idea how much presence Paypal has there. |
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Hopefully it's resolved successfully but this should remain a wake up call for everyone. China and anywhere within its influence is pretty volatile when it comes to the financial end of things, and of course the OK crew are proven assholes anyway.
I'd give up a bit of volume and action for the sake of a quiet life in a properly run jurisdiction.
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