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I agree with you completely. I'm not sure why fiat supporters and central bankers are accusing of bitcoin being a ponzi when their own activities are literally one of the biggest ponzi schemes that are ever in existence in the entire universe.
Bitcoin may be in a bubble since the price has risen so much so quickly, but it's nothing to the extent of the tulip mania. Tulips had no real use, bitcoin's intrinsic value comes from its ability to serve as money(including the fact that its amounts are limited), just like gold, but better.
How can bitcoin be a ponzi when there is no one person running it? That baffles me. Sure, early adopters earn a lot. But if you are accusing bitcoin is a ponzi scheme, you are saying that all angel investors to startups are ponzi investors. Doesn't make sense, AT ALL.
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Bitcoin is not a currency.
It’s too volatile to be used as a currency. Nobody will use it to trade if it can gain/lose 10% in just one day! And it’s not just a question of maturity, it’s a design issue. The quantity of money flowing needs to be in line with economic growth. It cannot be constant or follow a predictable function because economic growth is more complex than that. You need some form of intelligence, human or artificial to calibrate the quantity of money. You need some sort of feedback loop to offset unpredictable human behaviour storing currency. Ok central bank gurus have been screwing us but we have to admit that they have maintained inflation within boundary.
Bitcoin is not a store of value.
Like god, silver or any currency Bitcoin is not a store a value because it doesn’t pay any dividend! Don’t make that mistake. And actually it’s worse because it’s actually an asset with negative interest rate! It has a very high burning rate with miners burning millions every day just to maintain the consensus! This is pure value destruction and I’m not even speaking about the environmental cost. You have to see mining fee as a powerful gravity force, the higher Bitcoin is the stronger the force to bring it back to ground level! And ICOs are another form of burning fee. Most ICOs are scams and you will never see back the money they are burning.
So what is Bitcoin?
It looks like a scam, it smells like a scam, it’s definitively a pyramid scam. Given human appetite for gambling it could still rise much much higher at some point it will collapse with or without regulatory help. At the end Bitcoin is a great experiment but a failed experiment. Yes we need an alternative to central bank but Bitcoin is not that alternative.
Bitcoin is a currency. Bitcoin is used as a medium of exchange every single day across the globe by countless amounst of people. Even if the fees are high, it is still a currency. Your claims are baseless and meaningless at best. Bitcoin is a store of value. Store of value do not need to pay dividends. I'd argue that gold and bitcoin are the two best store of values right now. It's not a pyramid scam. Everything is traded on an open market. You do not refer people to bitcoin and get paid that way. I hope you can realize this. |
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Holding is not the best strategy but if you are simply preparing yourself for the long term in case a fiancial collapse happens and a global means of exchange needs to be found or you are an early adopter, then holding is a great strategy.
Right now i think price is going to correct even more in the next few months, perhaps down to $2000 or even under.
However, each halving will bring a new bull market. Even if you bought at the ATH, i would not doubt that you'll still make more than bank interest if you just held your coins till 2021(4 years time). It's just that you're not getting the best deal.
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I think the idea is great. Though it just needs something to kick start it.
right now all the promotions and giveaways are done by you guys and honestly the amounts are quite low and it's not worth the while especially when it's not guaranteed that everyone will win a prize.
Also for promoters i don't think that it's a good idea to offer packages. Doesn't make sense to order the prices via the number of mail lists you send the giveaways to. They shuold pay you a percentage or flat fee for the amount they are giving away, and you push the giveaway to every single person on the mailing list. You're the owner though so you make the final decision.
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There is no such option on CEX to cancel a withdrawal transaction. if there is a way - could you advise how to do that?
Ah damn. Most exchanges do have this option and it's odd that they don't have it. Anyways, you're by no means alone. In fact there are at least two more people on this forum having the same issue as you. Here and here. They both are having withdrawals stuck for ages and support aren't responding to them. Any chance that you can get to London physically, or even via a friend? They have an address there. The amounts involved aren't small. The only other option is to keep trying to reach customer support. |
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I have my flat withdraw in CEX.IO for more then 10 days now, still pending and support server do not reply me anymore,so worried now  https://ibb.co/fLag15Well damn. That's a lot of money that you have on there and it sure hurts to not be able to withdraw them. This guy seems to be having the same problem as you, withdrawal not being processed though he has enough balance to withdraw, and support isn't giving any type of response to resolve the issue. It might not be a scam yet, but it's having difficulty. Even if it turned out just to be a short term shortage in support, i would not use them again. |
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Nice of them to carry out what they've promised. Since they have been honorable and done all the right things a think that old customers are going to return and have full confidence in their site running smoothly in the future.
However does anyone know how the tokens will work?
I know that they are being traded openly, but will these tokens be paid off in a lump sum or gradually along the way? Is there like a deadline for full redemption of these tokens or no?
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I received an email from MyCoin escrow services to become an at home escrow manager. It sounded suspicious, and would like to know if anyone is familiar with this or has heard of them. They sent me a link to their website: https://coinescservice.com/bitThey have set me up with an account with a dashboard that looks real, but am still leary. I would like to know if this is a scam. It's a scam for sure. Why would they email someone that they don't even know beforehand or trust to provide escrow services which require significant amounts of trust to carry out? And plus why would they unsolicitedly email you without you submitting your email address to them? Do not trust them, they'll probably tell you to pay them an amount of bitcoin as "guarantee fund" or something along the lines. Really just a Nigerian scam, but evolved to incorporate bitcoin. |
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So far i only know 2
1) Hitbtc, they offer up to 75% of commission generated by user
2) Cex.io, they offer 30% of all exchange fees
Do you know any other?
Would interested to know how many exchanges does offer great affiliate program
AFAIK, Virwox gives you 20% commission that the user generates. This is a good way to make profit as this is the go-to place that people buy bitcoin when they start out with bitcoin, as they accept paypal funds. Bitmex is pretty nice as well, because they allow leverage and that increases fees. You get around 50% of the commission they charge, which is better than others. However you need to refer big players to make a sizeable sum. Coinbase gives you around $10 worth of bitcoin when your referral makes their first purchase. Just keep in mind these are only good for extra income, they can't be your primary income unless you are able to refer whales consistently. |
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Simply because the lack of Chinese bag holders to buy and hold our bags.
every day 2k of bitcoin created, who is going to buy them?
huge amount of bitcoins gonna be sold by Chinese, no one can buy them and hold the price above $2k, in fact, not even $1k.
China is not the only player in the bitcoin market. They are a very big market but if you look at volume you'll see that markets with fees Korea and US based exchanges are far far in front of Chinese exchanges. A flash crash could be likely if this current rise in price turned out to be a bull trap. Either way, i don't think that the bullishness that we've seen in the past few months can be sustained any longer. We're reaching a tipping point, and i think price will go to less than $3k and stay there, if not even less than that. |
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From 3000 to 3600 btc/usd
Bulltrap? Or Bull run restored?
Bulltrap:
China closes exchanges and price rises?!
Bull run restored:
Bounced on weekly MA20
I'm not sure. Could really be either option but i'm leaning towards bull trap here. It may be just a short term upward adjustment in price before further corrections come into effect and potentially push bitcoin down under $3000 for a long time. Anyways, there seems to be a lot of sideways movement in price right now. If it were a start of antoher bull run then it should be breaking $4k by now, that's my logic behind thinking that it's a bull trap. |
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Good afternoon,
in my opinion, we are in a bearish market, caused by all these days chinese news.
Sadly, the Bitcoin has broken the bullish trend, and next (weak) support seems to be around $3450, but I expect a stronger support between 2650 and 2850 US$
Wishing to read any better opinions.
This seems to be fairly accurate. I think that we are going to be in a bearish market for a long long time, potentially until the next halving. Even though the price has risen, it has not risen to the point where it is safe to call this another bullish wave right now. There seems to be resistance at $3700. Floor has been lowered to around $3000, and imo this month we could potentially see the floor readjusted down to $2200-2500. |
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Hello,
Is there any trusted and tried exchanger which exchange BTC for Payoneer ?
I appreciate your feedbacks.
Thanks.
I'm not aware of any trusted exchangers that directly deals with BTC and Payoneer. There are some exchangers, however they have really bad rates and they also aren't trusted by any means(and not listed on bestchange.com either). I would recommend using localbitcoins. Trading p2p with Payoneer is gunna get you the best rates, and is going to be the fastest and safest way to get your payoneer funds as you are protected by LBC. Check offers here: https://localbitcoins.com/sell-bitcoins-online/payoneer/ |
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BTCchina released a notify that it will close all the trade on Sept. 30th. Then BTC price on this platform was down less than CNY18000 hurriedly.
Yes, and it has caused quite a panic. Markets are extremely fragile when growth happens so fast like the previous few months that it was starting to resemble a bubble. The correction was really going to come sooner or later, with or without news from China. Seems like Jamie Dimon's message about bitcoin plus BTCChina shutting down soon has proved too much. Panic dump has stopped and btc is up 15% from yesterday to $3600. We could potentially go higher, and overshoot $4k this month. |
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I just hope that something doesnt go wrong.And by that i mean that this transaction wont take days
Well, you have to contact paxful support. The money won't get returned to your wallet because of the irreversible nature of bitcoin. You should tell paxful support about the issue and hopefully they will pay for an acceleration service to accelerate your transaction for you. Otherwise, either wait or pay for an accelerator yourself. But do contact paxful support as this is their fault. |
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I think that there will be further adjustments coming up next year. This year we will probably see bitcoin price recover from the current low first and then go on possibly another one of these crazy bull hikes.
Once the bubble pops then bitcoin should be able to be accumulated at a cheaper rate, albeit not that much cheaper. $4k if looked upon in a long term context is still quite a good rate to buy in at, and that's not accounting for fiat inflation.
Next year, i really wouldn't expect price to go up that much. But if you give in a good 10 years, $50k per coin is no issue.
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What will be the value of BTC approx 2 years from now? Any predictions?
We may be in a bear market by that stage, so i'm not entirely sure. The bull market could obviously continue and exceed all expectations but i really don't think that is likely. What is much more likely in my opinion is that we see some more crazy growth till the end of this year and a sizable adjustment next year and the year after. Still though, i reckon btc price to be around $2.5k-4k at least. There shouldn't be a major crash in price like 2013 as markets have matured. |
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Bitcoin is down many more. its now 3800 usd. Is the reason for ban bitcoin on china?
how many decrease can be of bitcoin?
it can down more?
anyone can tell thw news
Seems to be quite some support at the $3800 level. I don't think that we have sustained a price that was any lower than the $3800 level right now. Currently around $3810 on coinmarketcap, and somewhat higher on western exchanges such as bitfinex. But still a lot of sideways movement with no clear direction. We may see the floor adjust to $3700, but i think that we may see a recovery fairly soon to $4k+. Should be a good time to buy the dip. |
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Too many similarities between you and Bitmixer that recently shut down.
I'm not accusing you of being a scammer at all. I respect the fact that you are trying to prove that you are legit by depositing 10 BTC into a trusted escrow - at least it proves that you are not just a cheap scammer.
However, everything seems to be the same between you and bit mixer. Same sort of logo(i know it's temporary), similar name(all in caps as well), same discription on your site, the tabs are all the same as well. What exactly is your relationship with bit mixer?
I think bitmixer did some mistakes that could expose his real identity, that being said.... No further comment.  Lol okay, it's your right and i'm not going to force you to answer my questions. I would suggest to shy away from association both in name and on your site with Bitmixer, though. That could potentially be suspect to certain people and make them go to another mixer service. Right now, the whole site looks like a complete clone of bit mixer, apart from the fact that colors were changed. Also you have to think up some things to make your brand more appealing. currently, chipmixer offers 0 fee mixing |
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Too many similarities between you and Bitmixer that recently shut down.
I'm not accusing you of being a scammer at all. I respect the fact that you are trying to prove that you are legit by depositing 10 BTC into a trusted escrow - at least it proves that you are not just a cheap scammer.
However, everything seems to be the same between you and bit mixer. Same sort of logo(i know it's temporary), similar name(all in caps as well), same discription on your site, the tabs are all the same as well. What exactly is your relationship with bit mixer?
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