Hi everyone. I'm giving out $0.5 for every user who joins this discord group: https://discord.gg/WaeSUmJRules: 1) you must join and stay until friday 2) post in this thread with your discord ID and wallet 3) accepting the first 50 members 4) prize will be converted and sent out on friday Joined discord Discord ID: JimmyPond#3103 ETH wallet: 0x3dB6aFac362645Bba25690faebE14d96C65307C9 BTC Wallet: 1GzKRhU5M8iq4ALf4Gg8zu6baHTyY7tbGp Just wanted to confirm I have in fact already received my Ethereum payment to my wallet as promised, very fast. Thanks and very easy to do  Sending out Eth payments to those who joined now. Please confirm on this thread that you have received the payment please.
For btc wallets, i'll wait until there is more so i can do a batch transfer.
edit: Ethereum payments have been sent.
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waiting for 3 months . . . last reply from them on January 03, 2018: Due to an unprecedented amount of growth in a relatively short amount of time we're experiencing a longer than usual wait time responding to and resolving your requests. This wait time has also increased the number of duplicate tickets entered on the same issues, further slowing down our agents ability to get to your request in a timely manner. We apologize greatly for the wait and we are actively training new personnel and streamlining our support system to better handle the demand. You are receiving this update as we've identified your ticket as having not received the care and attention typically seen from Bittrex Support. We are grateful for your support and understanding as we work to improve our process and respond to requests. ** WE ASK THAT IF YOUR ISSUE HAS NOT ALREADY BEEN SOLVED THAT YOU REPLY TO THIS EMAIL OR UPDATE YOUR TICKET AT https://bittrex.zendesk.comIf your issue has been solved you do not have to do anything. We will send you a reminder in a few days and if we do not hear back from you we will close this ticket for you. We understand that waiting can be frustrating and we appreciate your patience and understanding while we scale our support team to handle the increased demand. Best Regards, Bittrex Support Team @ Bittrex So basically if people don't update their tickets, they will get cancelled? I had that, you have to read all the information back and confirm its an ongoing issue. Its a way to clear out the duplicate tickets that build up in their system, call it priority checking. Its preferable to them wasting time on anything that might have already been solved I guess. If they only have limited resources, they've automated part of the process to try and get the queue refined. Theres alot of accounts with casual owners and some that need far more urgent solutions. I dont have a great reliance on Bittrex, I would advise crypto users to spread their use to a number of different solutions never just one exchange anyway. But I got similar and the ticket was eventually resolved after confirmation. Crypto is best used in a distributed way, thats the backbone of its strength and continuation I think. Regardless of the brand its best to split up any dependency on centralised sites. |
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They did you "verify" who "they" are? :\ hmmm
Bittrex sub contract part of the verification process I think. I also was able to pass, bit upset that I dont remember receiving an email on the issues but at least it was possible to resolve the problem after the fact with some effort. I have also since contacted them to change my details, again required more use of a government photo id and contact over a week but it was done. The last issue was with ETH deposits which were not being credited, this has taken over a month but the last deposit did dislodge all the parts made previously so that too has been resolved. Just calling it how I see it, obviously peoples experience varies but I hope it also gives some hope to anyone waiting that they do work through issues. There are worse companies out there to be bound to. |
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Trinity is more user friendly then ? That alone would be something to be bullish about as the vast majority of users are just casual consumers of crypto currency rather then especially clued up on the internal workings of what makes blockchains especially different to anything else I think. Thats a plus and a negative, theres a burden on developers to round off the sharp edges to prevent people accidentally screwing things up. I do think crypto in general wont go far without passing the drunk test, ie. just how bad or good is it for people paying for their drinks or meal while drunk when out on the town. The banks themselves are in this kind of APP market trying to encourage people to pay with various convenient methods. Of course that side is FIAT based and I really want to see a super easy crypto standard that cant be screwed up by putting a dot in the wrong place or pressing the wrong button in haste and paying a $600 transaction fee like I read one charity did after receiving many donations to its wallet I have 0 in my wallet! where did the coins disappear ?
As explained many times, there was a snapshot. You need to download the newest wallet version, enter your seed and generate a couple of addresses. Then your balance should be appear again. Read the official news in order to stay up to date about such developments. Thats the nature of success, people wander into this who are only half interested. Some of them are intelligent and can self navigate eventually and some need a warning sign every 5 metres they venture  |
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As I understand it you can only really pay taxes as a sole trader where its your principal income and its considered a profitable enterprise. They will not allow you to deduct costs and all sorts of normal business activity unless its considered a reasonable ongoing concern as a business. This is to avoid people delibrately setting up loss making ventures in order to obtain equipment more cheaply then a consumer.
I read a case of someone who makes crafts on etsy website and really is very border line in their profits and only found out months later that the tax man considered them not a business but just a hobby. This person was in effect unemployed for that period and not able to file costs or other deductions. I would take the first year of trading as a maybe before continuing in any larger way.
On the plus side, gambling in UK is far more tax free then alot of countries. You can gamble on the bitcoin price quite easily now via various betting firms.
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It bothers me that BTC affects all market especially when it isn't tied to the same blockchain. So what's the point buying other altcoins if I just want to simply store as digital asset value class.
Does this means that the crypto market is directly proportional to BTC welfare?
Bitcoin reacts to sentiment in similars ways that ETH does. Some argue ETH has more practical usage in various tokens but they both suffer from excess speculation over actual utility. The pullback is not as negative as you imagine, its a way for the market to match buyers and sellers equally so that regular use can occur. The main point to any crypto use is not the price at all. Its the utility of and usefulness to the population of each blockchain. Im quite bullish so long as transaction fees can be low and volume of use is rising, the price is probably secondary to these both:  https://i.imgur.com/ETMHdGY.png |
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Longer term trend with weekly bars shows pullback to a more sedate pace that matches the last year. I drew this a while ago, upper boundary is about 9700. Probably a more realistic guide then the shorter term speculation, lower markers are about 5000 for fib levels but our recent low matches November action best I think  https://i.imgur.com/6Y2EXPig.png |
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Compound probability is behind most gambling profits for the house that hosts the games. Even a fair 50% possible win if repeated diminishes to nearly zero if gamblers keep repeating the risk. I think a statistician or probability analysis mathematician would be able to find the flaw in most games if it was unfair, I believe a company of any size would employ or deploy checks of this nature on a routine basis to prevent fraud.
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Hii , I think money is paper money and currency can include all forms like gold bars,silver dollars,etc,. I could be wrong but this is my guess. the point of the video was that "Money" in general should not lose value, while the dollar as a currency is losing value, so the dollar isn't classified as a real money because of this All sorts of objects have been used as money in the past. For a long time, (special) sea shells were exchanged as money tokens. I agree the main requirement is that value is not easily disturbed. However Dollar does qualify as money still, its just not a very good container since it has become compromised by central government. The original dollar was based on a silver standard before linking to a more steady gold standard. It slowly left that idea and the physical part now is only cotton notes which are worth less then the cost of making them. Dollar is digital as much as Bitcoin is. The vast majority of monetary exchange is done without any physical token, but the difference to Bitcoin is that value of dollar comes from a central body who can at any time devalue all notes in existence to their own favour. To compare Ripple and Dollars would be quite close, the value of Ripple relies on the integrity of just one company who can seize value from any holder as they wish though I believe some consensus is required over the network also so perhaps it has some utility over dollar also. |
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Interesting picture but I dont think Bitcoin is the basis for allowing other forms of crypto currency, its not a gateway like TCP/IP is. Other standards can exist and replace it, I consider it far more competitive a situation then that.
We can be very positive and say Bitcoin will be developed so that it always is the best protocol to use but theres a long way to go for it to succeed in describing all possible human use. I would have preferred if BTC allowed side chains and coloured coins to exist within its confirmation process, greater innovation and openness instead they exist outside and separately and various standards are only linked by fairly manual central exchanges though attempts have been made otherwise.
I would guess BTC protocol is more like HTTP in your example with SMTP and all sorts also in transmission.
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With bitcoin rising again, will it take long for it to be stable again?
Slowly growing? Its price was at $5800 just five days ago and at some point it has again touched the line of $9000, that is, an increase of more than 50% in less than a week, this is called "slow growth"? I think sometimes people tend to lose the true perspective of things in their eagerness to become millionaires overnight. I think that bitcoin has grown rapidly this week, especially if we take into account the fateful forecasts that hovered around the market. You are calling out extremes, the low price wasnt seen for long. Not many people trade at these quick low or high points. How many here traded at 20,000 wont be many as it was a fairly quick top. After the pullback, the rate of change has slowed some. Thats only relative to Bitcoin or crypto which is far more rapid then normal Forex I agree but then Forex has a base founded in possibly billions of people. Change slowed as we change trend I think. We did have a trend of decline for a while but I think we are roughly going sideways and maybe evening out prices between buyers and sellers over time. Probably this continues for February regardless of various people bearish or bullish sentiment, the market lacks consensus at the moment or momentum |
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Also some confusion here, saving money with a company is a form of investment. You rely on that company operating a secure balance sheet and being able to return value back to you and then on top of that to expect an added return on top of that also. The reason people think savings are guaranteed is from central government but the true nature of savings is with some risk same as an investment. It equates to a type of bond where debt is placed higher then shares but all the same its a liability on the company taking savings balance sheet. It is an investment either way. The label for investment here just implies higher risk. The only way to really save capital and take no risk is to hold gold, then you keep the value yourself and rely on no eternal party to confirm value. Even saving plain dollars in physical form relys on a central body to maintain value. Dollar lost 10% of its value in the last year so this has risk. Because risk has become normal, people have become more open to quite new wild ideas like crypto so its a benefit to us  |
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This is an old topic, and the answer is always the same: bitcoin for investments, gold for safety.
Please note that gold's value never changes, what changes is the value of the paper money...
Buying gold is also invesment and i think it's much more profitable than bitcoin because i'm not losing anything. lol  Gold is not an investment because its inert, its a metal which does nothing. Its not even much of a commodity to speculate markets with. The largest thing it relates to is money. So long as we have the idea of declining dollar or world reserve currency then Gold appears to rise but really its dollar which is losing value. Even if gold didnt exist on earth right now, in any case US dollar has lost 10% of its value in the last year or so. Thats a fair old chunk of change for something which backs the value of everything for 7 billion people. But since we do have gold, the price generally rises when dollar has excess supply because gold has a limited regular supply. With a growing world population its pretty much guaranteed that demand continues to balance any industrial advances in mining gold or even discovery. Bitcoin is really not related, its not inert and it reacts to use alot. Monetary velocity is high where gold when bought by central banks as is happening now in a net position then these banks do not sell again for decades. |
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Hi everyone. I'm giving out $0.5 for every user who joins this discord group: https://discord.gg/WaeSUmJRules: 1) you must join and stay until friday 2) post in this thread with your discord ID and wallet 3) accepting the first 50 members 4) prize will be converted and sent out on friday Joined discord Discord ID: JimmyPond#3103 ETH wallet: 0x3dB6aFac362645Bba25690faebE14d96C65307C9 BTC Wallet: 1GzKRhU5M8iq4ALf4Gg8zu6baHTyY7tbGp |
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Lending is pretty much the normal way to gain a yield on a holding. I have recently signed upto a site which gives 4% interest to holding bitcoin there. I would not store all the bitcoin there but its a way to get something back from being in this position for longer then you might have expected. Really this dilemma applies to us all, if crypto cannot be used then it falls into speculation too much which leads to too much of a sell off like we had. A capital system that allows for business to lend and the employ the capital is far more likely to succeed and become stable, I hope with lower fees now this can start to occur more. PM if you want the 4% interest site link |
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This isnt a bearish pattern. Each low has been higher then the previous. A trend can break but its mostly positive in my view. Theres a flat top to the highs which suggests we need to break through some resistance.
Overall longer term obviously we have had a downtrend and I guess sideways after that decline should be taken as a positive also. So the rough top now is quite a high curb, it was the chunk of lows in November end before we rose in December alot. It was Jan low and its been significant this month also.
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A really big deal with proof of stake is the work to transmit transactions is done by the community of wallet holders themselves. So there isnt the hostage type situation with miners vs actual users of the crypto currency, its a more mutual setup as any fees goes back to the holders of the coin. It should be in the news for 2018 I think as some big networks might convert to this system from the older POW setup
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People who invested in Bitcoin or other cryptocurrency or maybe even tokens don't understand how it all works and why it works. They don't want to know. They just want to earn some money fast. That's why they always panic.
Most of them must have already exited once the price started to go down and felt like they were losing their money. In futile attempts to at least cut their losses, they must have sold their coins even when the price has been dropping or their investment occured a loss rather than a gain. Not knowing what bitcoin actually is, they mistakenly thought that they would be able to become rich immediately probably after hearing stories of bitcoin millionaires from early adopters. This is a misconception of many. Weak hands, the price drops because of these guys. Too much air in the price, it becomes spongy and we get a sell off or really harsh pullback like we've had. Then the dynamic becomes like a snowball, people sell because other people sold. Standard market dynamics and Bitcoin especially is full of speculators so its sliding all over. Transactions fees have come down so longer term I'm bullish we can build some commerce use which matters way more then people hoping on BTC like its a lotto ticket |
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I went to the site mentioned in the opening post but I dont think thats the right one, I got this coming up asking me to install stuff which I dont think I'll opt to do :p  Fairly sure I'm already signed up to a similar site, if you have typo'd. Send me your referral link and maybe I'll sign up again. Its ok in theory but the mining I tried for 12 hours paid a few cents so thats unfortunate. They do offer 4% interest on balances though, maybe worth checking out |
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I think price right now short term is quite critical for a challenge to 9k and 10k above that which is the month start prices.  https://i.imgur.com/5ukYXkV.pngSo 8240 I see as pivotal with 7700 then 7000 as a target below for the bears before we can reform and reattempt the recovery. Many bumps to navigate |
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