OP.. do you really think the people of this forum view the gov and law in a positive light? We see their oppression.
Good. then why do you go to a gov authority to complain if someone scam you(even with BTC) ?  I understand your point and you are right. You choose to be like that BUT be "like that" till the end. gov and law= bad BTC = good Is that correct? If so, why there are so many people complaining about "scams" and some of these want the gov and laws to make justice for them? You can't do anything about it yourself. Laws are not bad, our govs are corrupt as all hell though thus corrupt laws. What does a license prove? Nothing.. But it bring a lil bit more trust... a license shows the goverment know about the exchange and if the exchange doesnt follow the rules it will be closed. I dont think poloniex, for example, isnt reliable just because it doesnt have a license. but would be better if it have. it's not about better or not. it's about legality. Poloniex is from USA and according to US laws, they must have a license in order to operate as exchanger. I repeat, there are many EX exchangers in jail because of that, unlicensed money transmitting . What does mean? That the feds can shut down Poloniex and others like them anytime beacuse they are outlaw. Result : their clients will lose the funds. This thing has happened and it will happen shortly. it's just a matter of time. |
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Xapo is shit with or without the card. Xapo forces you to identify yourself making that bitcoin wallets no longer have that kind of anonymity anymore. Bitcoin's freedom is robbed on Xapo's wallets.
I fully agree, whats the point of using Xapo in the first place when they ask your real email and identity in order to provide you a full account. And second I don't understand why people insist on using Debit cards with bitcoin, when in very few countries the most developed ones there are a few ATM-s at the moment. You are going against all the principle of bitcoin in my view, bitcoin came to get rid of expensive fees and providing at least some level of anonymity, this way if people start using Xapo and its debit card maybe they are not losing expensive fees as Xapo is good at that, but they surely are losing some degree of their anonymity if not all of it. because the most of the BTC users are interested about real cash(fiat) and not about Bitcoin itself. they are making different businesses by using Bitcoin and they want to cash out. how can they do that without headaches? via debit cards. let's not forget that +80% from BTC is based on the black market who doesn't care about some extra fees . all it matters is that the money can be cash out fast. |
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OP.. do you really think the people of this forum view the gov and law in a positive light? We see their oppression.
Good. then why do you go to a gov authority to complain if someone scam you(even with BTC) ? I understand your point and you are right. You choose to be like that BUT be "like that" till the end. gov and law= bad BTC = good Is that correct? If so, why there are so many people complaining about "scams" and some of these want the gov and laws to make justice for them? You can't do anything about it yourself. Laws are not bad, our govs are corrupt as all hell though thus corrupt laws. What does a license prove? a license means you respect the law and for that you need to comply with MANY financial procedures. it helps the customers to be protected. what bank are you using? I bet it's a local licensed bank. why don't you work with an unlicensed bank? there are some on internet. the answer is simple. because you are afraid that you will lose the money with them. same with the exchangers. you will hardly lose the money with a licensed exchanger. |
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I know it's a fake volume, but still counts...
If are trader, you probably are looking for both BTCUSD and BTCCNY, and if you are looking to both you probably already saw that pumps and dumps happens first(not always, but most of the time) in chinese exchanges and they affect other markets.
So, fake or not, they counts(at least for a trader)
of course, it counts. it's called price MANIPULATION. someone said " I think the chart is not correct, i dont believe that chart at all, and i dont think that is possible at all"Well, according to ALL the charts from all the websites, OKCOIN has over 90% from trades and China has aprox 96% from trades overall https://bitcoinity.org/markets/listhttp://bitcoincharts.com/charts/volumepie/IF these charts are fakes then everything related to Bitcoin is fake because these charts reflect the BTC price as well. So, how are the things going? |
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OP.. do you really think the people of this forum view the gov and law in a positive light? We see their oppression.
Good. then why do you go to a gov authority to complain if someone scam you(even with BTC) ? I understand your point and you are right. You choose to be like that BUT be "like that" till the end. gov and law= bad BTC = good Is that correct? If so, why there are so many people complaining about "scams" and some of these want the gov and laws to make justice for them? |
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I do use some of these  i'm kinda new in bitcoin world, so where can i see if a exchange is licensed or not? is poloniex trustable? NO, poloniex is not a financial licesed exchangers and they are based in USA. A country where many exchangers are in jail because of this. Unfortunately, there are not so many regulated exchangers and all of them are USA. It's not good but..that's it. You may use Coinbase, Itbit, Circle, Gemini. |
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Of all the exchanges, no other exchange can beat Chinese exchanges in terms of fees.
Many folks from Europe need to wake up, only USA can compete with China now.
keep in mind that China gov banned all the banks to work with BTC companies. The question is : how is it possible to the chinesse exchangers to own over 97% from BTC trading while the ban is enforced? |
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No one is making it there is a whole solution behind it but I do not know what the reason is why the prices are changing. Can someone explain it I am sure that someone here knows the answer to it.
I believe everything happens in accordance to the technology that runs the entire system based upon the user profiles and the usability. the price is made by the exchanger's cartel with the help of their BOTS |
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Is BTC-e really registered in Cyprus? I know the exchange is owned and operated by Russians but if you do a Google search it says that it's a cryptocurrency exchange based in Bulgaria. Where did you find it's registered in Cyprus? Maybe they opted to register in Cyprus because Cyprus has the most lenient trade laws in the EU or something.
The company is registered in Cyprus but the owners are from Russian and Bulgaria. |
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Have heard that kind of hacking software before, which encrypted all files on my computer, and when my brother have been using the computer (or course carelessly), it is hacked and they demand a 1.2BTC ransom... These are just one more bad news of BTC, and even make my family members have even worse image on bitcoin... And we decided not to pay the coins to the hacker as all important files have been backed up.
Whay do you think?
Why is bitcoin to blame, you just said it was your brothers fault, if they hadnt used bitcoin as payment it would have been some other form of payment..... think before you spout stupid things....  other form of payment LIKE? Do not name other e-currency.... |
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Has anyone ever heard of or used BTC-E. It seems to be the only way to convert your bitcoins from a wallet to USD in paypal. Is it trustworthy, and is there a better way?
keep in mind that Paypal doesn't allow BTC exchanges and you may be blocked. also, BTC-e is not financial licensed in Cyprus, the country where they are registered |
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Hey guys I have a question that just popped up in my mind. What if the price of Bitcoin doesn't increase much after the halving and with the cut in half block rewards and increasing difficulty, do you think the Chinese miners will go bankrupt or they will manage to break even and get a slight profit? Can the Chinese government offer the mining farms preferential electricity pricing lower than the average for the country?
The first to go bankrupt are the marginal miners, not the ones with the lowest electricity costs and the highest efficiencies due to very large economies-of-scale in mining farms. The halving will INCREASE the centralization of Bitcoin's hashrate (to China's mining farms), not decrease it. Satoshi designed the distribution curve this way. Who is your hero, who is your daddy who sold you to the banksters?
Exactly because their leveraged obligations and margin calls are in cash. And that is not Bitcoin "cash".
I don't think you're taking into account what demographic is actually being "squeezed" in a liquidity crunch. The people who own most of these things (BTC) are already rich in the first place and have no debt. The people who aren't rich and own them have some totally insignificant amount. The real people getting squeezed are the middle class Americans with McMansions, private schools, and cars they can't afford. What is the common denominator of that group? They all own stocks and none of them own Bitcoin. People on the bottom and middle are the ones being squeezed. Stocks are mainstream, Bitcoin and gold aren't. Therefore, the stock dump will be horrific while things such as Bitcoin, as long as the confidence level is high (from 12.5 block reward halving bubble gains) will not only not go down, but will probably be going up as a safe haven from banks that will Cyprus you because Bitcoin is cash without counterparty risk. Well I lately more and more realize that Bitcoin is a funnel where n00bs come in to buy and miners cash out. The stalwarts don't buy more, as they are few in number and already have their big portion. So an interruption in the stream of n00bs might have a domino deleveraging effect, since many people loan their BTC short to earn extra revenue. Leverage may be hiding where you think you see only HODLers. Also with the halving and marginal miners not wanting to turn their ASICs into door stops, they may be in a more strained position and need to deleverage in a contagion. There is leverage from lending BTC for income, but if holders fear counterparty risk and instead pull their coins off exchanges that will only squeeze the shorts and drive the price higher, potentially much higher. I don't think anyone really knows how much short leverage is out there.
If they fear counterparty risk, they will cause a stampede and cause counterparty defaults. The slowdown in buying from n00bs, can cause the price to drop, which will cause the enriched shorts to pile on (cash out their initial investment and gamble the profits) overshooting to the lower low bottom. Plus all the copycats chasing the trend especially with the "world is falling down" hysteria. V bottom on steriods. Buy the bottom same as in 2009.
Look guys it is very simple. Bitcoin is not the fiat that everyone uses as their unit-of-account, thus fiat up, Bitcoin down just like every other speculative (hot money) asset in a liquidity crunch.
People invest in Bitcoin to make money, not to hold it as a heirloom. Thus when shorting becomes the new profit trend, the speculators chase the trend. The loaners of BTC raise their rates. Everybody is happy. Bitcoin goes down.
2008 took silver from $21 to $9. Bitcoin is more volatile than silver.
Come on guys, Bitcoin is not cash. That is the dumbest thing I've ever read. Bitcoin is a crypto gambler's addiction. Period. You guys need to get out and get some fresh air and look at yourselves more objectively.
China already owns over 80% from the miners . The chinesse exchangers are owning around of 95% from trading volume too Of course, the price is manipulated on how the exchanger's cartel wants and the stupids/blinds people are saying: "BTC belongs to US" ) |
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before Bitcoin, it was e-gold.com. after Bitcoin, other e-currency will arise. it's simple |
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Trading volume for chinise exchange is a joke, it's filled with fake trade  I think not only does most volume come from China, most mining takes place in China. China China. Was Satoshi Nakamoto an American who intentionally chose a Japanese Pseudonym to mock China? Will we ever know? Does the US love Bitcoin more than China? Bitcoin is doing well, you're right. BTC will do right when there will be decentralized exchangers. |
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Why would the fact that China is basically controlling mining do anything to Bitcoin?
The whole concept of bitcoin was based around decentralization. If China controlls a large % of the hash power then it would only take the collaboration of a few to hit the dreaded 51% control point China owns over 80% from the mining and the trading market as well. China owns over 95% from BTC transactions too. The centralization is a reality. https://blockchain.info/pools?show_adv=nohttp://bitcoincharts.com/charts/volumepie/ |
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Since i have lost access to my phone number i have sent over 10 emails to xapo support over the past 2 months and no answer.
It is a nice service in theory but without support it's useless.
I had this problem too, after few days I get reply and problem was solved very fast. Maybe the support is only by country? Some people here including me are getting support from them for days, mine is months but until today,my problem was not resolved and no one from their support is answering me. call them |
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I don't see why "cheapest, fastest, most secure" is not enough? I have saved hundreds of dollars in fees.
Say i buy an Oz. of gold from Amagi (or whoever). It is $1350.58 if I used a credit card. If I instead use bitcoin I pay only $1311.37.
If I pay with a credit card the seller has to wait for verification to send with confidence. If I pay with bitcoin the money is theirs within an hour and they know it can't be clawed back.
If I pay with credit card I must expose all the information needed to steal from me. If I pay with BTC the seller does not even know who paid. Which is no big deal for them.
cheap? I pay ZERO fees when I am using my card, it's instant and "secure" enough (nothing is secure on internet). the seller doesn't have to wait. if it's a merchant, he can get the money from bank same day or next day. yes, you "expose" the information BUT you can make chargeback while with bitcoin you can say "bye bye" to your funds. BTC wasn't made as a payment system. first, it's limited as volume of coins and second, it's hard to be understood by the normal people. |
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If Mr Wright were the inventor of Bitcoin, I will be very disappointed. I thought Satoshi would be totally different person.
HAHAHAH. Did you think that an e-currency which is mainly used by the black market was made by a saint? Come on! You are in idiot if you think he made bitcoin for that specific purpose and you are a "smart" person if think that a programmer would make something without "purpose"; in this case PROFIT !  It is tue that there may have been alternative uses of itcoins. However, since who.is records and address tracing it is easy to track different people. Unless you have a wallet and hide an ip address whenever that wallet is used and not posted anywhere on the internet, then it is anonymous. i agree with you but the BTC fanatics must understand that what is called "anonymous" cannot be mainstream. the normal people(not developers, not tech savvies) needs protection. BTC cannot offer a such thing and that's why it will remain a very small niche. On top, it's VERY hard to be understand it. also, "anonymous" is similar with black market. it's like a magnet. the average "Joe" will always be scammed here and that's why, again, BTC will be avoided. It brings nothing new, it has no protection(chargeback) and so on |
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If Mr Wright were the inventor of Bitcoin, I will be very disappointed. I thought Satoshi would be totally different person.
HAHAHAH. Did you think that an e-currency which is mainly used by the black market was made by a saint? Come on! You are in idiot if you think he made bitcoin for that specific purpose and you are a "smart" person if think that a programmer would make something without "purpose"; in this case PROFIT ! |
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If Mr Wright were the inventor of Bitcoin, I will be very disappointed. I thought Satoshi would be totally different person.
HAHAHAH. Did you think that an e-currency which is mainly used by the black market was made by a saint? Come on! |
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