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Absolutely not.
All the standard things that you would take into consideration while investing in assets, whether securities, real estate, etc. still apply. While you could enter the bitcoin market last year, I wouldn't say that it's the smartest of all ideas given that the prices were skyrocketing and clearly wasn't sustainable.
There will also come a point where adoption will stagnate, in the future, as the markets mature and prices stabilize. At that time, if you enter the market at a time where markets are overheated, you may be making a loss. IMHO, this is bad advice regarding investing, even if you are holding your BTC long term. You still want to have your entry price as low as possible.
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Why crypto currency have so much value? Even its statless and we cannot get any physical commodity or asset ?
Because bitcoin's value isn't derived from the fact that it is legal tender. It is sort of like gold. It's a universally accepted currency that people use, because it can't be gamed by central bankers or devalued simply by printing more of it off. That property of gold is translated onto bitcoin as the capped supply which is enforced by code. Also, its utility as a decentralized currency online makes it valuable. This doesn't mean that the prices of BTC is always at par with what is fair at that particular time, though, as we saw with last year's price bubble. But bitcoin does have value, albeit not from a legal sense. |
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CryptominingFarm.io no longer pays. 40 days retaining my BTC funds. Your customer service does not respond to user complaints. For that reason today I have started a lawsuit according to the terms and conditions of the site: "Any dispute, controversy or claim arising out of or related to this contract or the breach, termination or invalidity thereof, shall be referred to and finally resolved by arbitration in accordance with the Arbitration Rules of the Thailand Arbitration Center in force at the time, and shall be under the administration of THAC Thailand Arbitration Center. " There I started an arbitration in www.talkDD.com where there are already many complaints of users and is not responsible for the site. Apart from that I have started a lawsuit in the Administrative Court of Chian Mai (Thailand) both to CryptominingFarm and LifeTime Technologies which is the mother company of this SCAM. As you have news about this demand I will continue uploading information. They will learn to stop cheating people. Anyone who wants to join the demand can go to the TalkDD page and start there, then if they want to join a joint demand they can write me here and inform them how to continue. regards They might not even be located in Thailand for all we know. They could well be lying about their physical location easily, and even if you complain to an arbitrator or whatnot, I really don't think anything will materialize. The service in question is obviously a scam. Another one of these cloud mining sites that are most likely not mining, running a ponzi and scamming its users. Remember that cloud mining that is real is rarely profitable. If anyone promises you returns that are outrageously good like this site, then nine times out of ten you'll find that cloud mining is simply the cover story for their real intentions, which is to rip people off, and eventually exit scam. |
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Seems possible at this point.
However, I still think that bitcoin's support at the $3k will be very strong. Whether or not prices will dip below that level remains questionable in my opinion.
Just remember though that these so called 'experts' can be wrong, and a lot of outrageous predictions made by them have not panned out at all in the past. We are definitely close to the bottom, at this stage, given the length of the bear market from a time perspective, as well as the percentage loss from the ATH which is close to when BTC bottomed in 2014-15.
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people always think only if price goes up then it goes into a bubble. but they forget that that is not the only type of bubble that exists. of course that is the most common thing and also a popular concept which has a popular name. a bubble is irrational and uncontrolled exhilaration which leads to irrational investment which pushes the price above intrinsic value of the asset. but people forget about the less common term "reverse bubbles" which occur similarly to bubbles but instead of people focusing on the positive and buying, they are focusing on the negative and selling irrationally. the result is price being pushed below the intrinsic value of the asset. right now bitcoin is in a Reverse Bubble and just like a bubble, it needs bursting before the market can become healthy again. I think that a lot of people had really unrealistic expectations of the market last year. The growth was clearly way above the normal long term growth rate of bitcoin, which should be close to how many adopters bitcoin has got. Thus, it's quite normal to have a correction after that full on bull market where prices continuously dip, as we saw in 2014. In a sense, what we are in right now is a "reverse bubble". I don't know if you coined that term, but it's pretty accurate. Investors are capitulating and panicking more than they need to, and following the panic selling herd irrationally. As a result, this drives prices further down and leads to more investors panicking. It's quite natural to have this kind of behavior from investors in such bearish market conditions. Of course, it also means that it is a good point for buying as people are over-selling, and I think that there is still long term demand for BTC. |
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Just like they are holding big amounts of gold and displaying amounts that I think may be approximate amounts:  Could we see this in the future? I think it's a matter of time. If a country starts accumulating a lot, at some point other countries will not be able to keep ignoring it, and I believe you can't ignore Bitcoin just like you couldn't ignore powder, you must be in. Most likely they hold some already but aren't disclosing it. I believe there is a high likelihood that this will happen in the future, given the fact that bitcoin is structured as a store of value much like gold, and that its limited supply make it appealing for central banks which want to maintain reserves in case of sudden market movements. There are also significant liquidity and convenience advantages as to moving bitcoin quickly in a global sense, as compared to precious metals, which needs to moved physically. There are also no storage costs. Of course, this would all require BTC to gain more trust and adoption worldwide. You're absolutely right in the sense that a country could well kickstart the process of holding BTC as a reserve asset in the future, and lead the way to entice others to do so too. It'll certainly be a country which is progressive in terms of crypto policy (e.g. Australia, Malta, Japan just to name a few), but it's honestly very hard to tell at this stage. |
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Also only affects US citizens and businesses. But if you're from other countries but deal with US based exchanges, you should still be careful. Even though in theory, all companies are expected to comply to the OFAC, in reality it's still incredibly hard for them to even know what constitutes as a breach to this policy. It'll take tons of effort to screen out individual transactions. Especially when the coins are indirectly related to one of the sanctioned addresses, who is to say whether or not they are allowed to deal with them? If a crypto economy like that ever emerges, then intervention from the government will be increasingly difficult, next to impossible. But I personally think that there will always be companies surrounding BTC which the government will regulate and intervene from. |
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Honestly, these types of phishing scams are very common. And this includes not just phishing emails, but also phishing accounts/impersonators on social media platforms as well. But one common thing across them all is that they are promising some form of monetary reward, which either requires you to send coins to their address to access a higher reward, or to click on a link to a phishing exchange site and enter in login details. Most people are already aware of this type of scam due to how widespread it is, but obviously, people still get scammed. When you receive any correspondence to your email, use your common sense. If the offer is unrealistic, then don't take it up. Best we secure our major emails used to register on exchanges by avoid using same emails on randomly. Such phishing sites are getting rampant recently and investors need to weary as well.
I have lots of e-mails that I use for registration purposes only but somehow they get to my 3 main e-mails too. I feel like my e-mail being very old was somehow added to some bulk e-mails database. Most likely. It's almost impossible to trace down to the exact site that leaked your info, though. |
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It's complete nonsense. But not surprising honestly, because there has been a ton of people that are simply rejecting the idea of bitcoin altogether and not seeing the potential whatsoever, and trying to mislead others.
If anything, fiat currencies is the most worthless asset class that people are regarding as valuable. Bitcoin has a limited supply, and its function as a global form of money without intermediaries make it valuable.
What we're seeing is a bear market which has happened in the past. I'm not sure why they are calling it a "death spiral". Bull and bear markets occur in all types of markets traded freely, not just BTC. Since bitcoin adoption is still got a long way to go, I believe that a trend reversal is imminent. It's honestly a matter of time.
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Well, I believe that a period of continued growth in any economy has to be followed by a correction, at the very least.
We've essentially seen the last decade as that period of growth, with the stock market being incredibly bullish and all economic indicators within the US being up. I think it's sooner or later that some form of financial crisis hits again.
I'm no economist, of course, and I don't know when it's going to happen. But it could be soon given that stocks are already adjusting a bit from their highs.
I'm just holding all the defensive assets at the moment, which includes gold and bitcoin, as 1Referee mentioned. Especially bitcoin, I think it'll be able to outperform a lot of the other asset classes given that it is completely independent from the traditional banking system which will be the hardest hit, and could potentially be seen as a safe haven in such period of crisis.
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Good day!  I would like to know if there is a chance to recover some satoshis that were stolen from my Blockchain wallet. I already complained with blockchain support, but the only answer from them is that someone else suplanted my identity, or that maybe it was a pishing of the site, or that it was a malware. They never recognize their fault. How is possible to violate the two authentification process?  They knew the passwords from my email and from my account in blockchain. Besides, they needed to check the code that was sent to my email to validate the entrance. I verified the dates of the withdrawalls -the supposed hacker entered my wallet twice- with the dates in my email, when I was supossed to receive the code to enter in my wallet, but there were not mails coming from Blockchain those day. Please, does anyone can tell me what I should do? Thanks, Ivan Nope. If it's a security issue that has happened on your end, then there is no way that blockchain.com is going to compensate for that. It could be entirely possible that they had also hacked whatever your second step of your verification process as well, such as your email. Either way, I don't think that you will have a case with complaining to blockchain.com since they're not the ones responsible for your device's security. They are not a hosted wallet, so they virtually don't have access to your addresses and coins anyways. I'd say that securing your device that you are accessing your wallet from is your top priority right now. Also, blockchain.com isn't really the best option you've got, try something like Electrum which gives you some more control. As I said, don't expect blockchain.com support to help you at all due to the fact that they simply cannot. |
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It has been widely reported this week that the U.S. government has blacklisted two BTC addresses linked to cyber crime. These particular addresses were singled out because their owners are believed to be Iranians, whose country is currently facing heavy economic sanctions from the U.S. While the BTC addresses are clearly connected to ransomware, mainstream media has gotten one crucial element of the story wrong: You can’t blacklist a bitcoin address. https://news.bitcoin.com/the-us-government-is-powerless-to-block-bitcoin-addresses/The article is absolutely right. A lot of mainstream media is trying to make it sound like that bitcoin addresses can just be switched off and controlled by the government by pushing a button. That is obviously not true given the decentralized nature of BTC. However, the sanction could still possibly be enforced by the U.S. government if they choose to go that far. But I feel like instead of doing that, promoting cybersecurity would be a much better investment of money. For example, they could ask exchanges to not accept deposits that have coins coming from this address, or seize coins that are tainted via that address. But even then, the enforeability of such action is probably not as effective as people think. And people could well receive coins that are tainted, but don't know about it until later, making the whole thing very unfair. |
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Rightbtc.com
I would like to know that anyone who trades on Rightbtc.com knows that there are account holders who cannot withdraw money more than 20 days even if small amounts. Customer service does not do anything except giving standard answers. If you want to reach the support account in Telegram, has several moderators delete posts that contain complaints, support needs or users are blocked. No matter what channel you reach, you are told to be patient.
No information is given about why the money could not be withdrawn, nor the public announcement.
Stay away from this exchange platform!
Could you include some proof in the form of screenshots and edit your post following this format? I took a look at the site and it seems unclear where exactly the company is located, and whether or not they have a physical location. Furthermore, none of the reviews that I was able to find is positive, and there was even one forum thread that showed their shady behavior in the past: https://bitcointalk.org/index.php?topic=3142037.10Delays in withdrawals are quite common in exchanges, but seems like they are also being unresponsive on support which is unacceptable, and also censoring valid concerns on Telegram. If what you said was true, this is certainly not a safe exchange to use. |
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Bold predictions for sure.
The most probable thing if cryptocurrencies ever did replace fiat completely would be that the central bank moved the nation's currency onto a blockchain. Sort of like all of the cryptocurrency projects that Venezuela has been doing.
Essentially by that, they are digitizing the currency supply, but still retaining control over the economy.
As others have mentioned, I can see bitcoin being used as an alternative currency for day to day online purchases, and a safe haven for investors. But if only a decade is given, I don't think that there will be enough adoption to say that fiat is completely replaced, even though individual's finances can be conducted completely in BTC. Central banks and the traditional banking system will also certainly not be willing to let go of the control that they have right now.
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Simple explanation. There were few on the top, earned a lot of money, the rest were just losing it. The problem is, there will be no new investments. This is not stock market aka Tesla, FB...BTC do not produce any usability to anyone. It is just mere speculation.
Not to mention all the scams related to blockchain coins. From Tezos to Bankera and Centra, and we are talking about milions.
Btc will be replaced with coins like TUSD.
As I said, few gained fortune the majority lost most of the investment. I lost 10k eur. Not to kill myself but still a lot for an average Joe.
Why are other blockchain scams related to bitcoin at all? In fact, I'm fairly sure that most of the bitcoin community completely discourages people from investing in random blockchain projects which have no working product and are simply trying to make a buck from the expensive of investors. People are still speculating within the market, sure. But that is because they believe in the future bitcoin will gain more acceptance as a form of payment, and thus have more demand. I don't think that is something as bad as you think it is. Bitcoin isn't dead. A bear market isn't the end, it's simply something short term. There are no bullish movements right now because the market sentiment remains to be negative, which is the case in all bear markets. |
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The price and news seem never correlated. We were poured with all the positive technology news, yet cc price dropped. And sometime there is no news yet price doubles. Nobody knows what will happen in the near future. When are we getting a distributed exchange network that could facilitate all financial transactions, making them less expensive and more efficient? I'm starting to wonder if prices are manipulated? If whales dumped BTC, they must have done so to buy back at lower price, am I right? If that’s the case they plan to sell at much higher price in order to make profit, bull will run, right?
Positive news will not affect the market as positively when market sentiment is bearish, and vice versa. I think that has been proven over the last year or so. When negative news came out within the bull market last year, the markets didn't really react to it because of the fact that everyone was still buying due to the fear of missing out, regardless of what actual developments were happening. Same with this year, even though there's tons of institutional news that they're entering the market, people are still bearish. All comes down to emotions of people and how trading isn't always rational, I guess. But you're wrong in saying that whales determine prices. That's just wrong. Prices are determined by supply and demand, in which big players can play a major role. But they're not the sole determinator given that there are many other investors in the market. |
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Friends, I read a bunch of predictions on the market, haters rubbing their hands say that this is the end of Bitcoin and crypto.
More positive people say: use and buy, decline is the best time to buy Bitcoin, as soon as it nevertheless reaches the bottom, it will grow even stronger, some like McAfee say calm down and just relax, and Ilon is going to Mars.
But if you look at the situation as seriously as possible, then how bad is it? What will save the cryptocurrency market? What do you think?
Potentially, positive news could speed up the recovery process. But other than that, there isn't anything in particular that would get the market's sentiment shifted to bullish all of a sudden imho. But honestly, it's really not a concern given the fact that we've seen bear markets happen across different asset classes, over and over again, and that it will be only a short term phenomenon if the long term mechanics are still there. To me, there really isn't anything to save. The growth was unsustainable last year, which is why price corrections happened this year. And that's completely normal - it does not disrupt the long term adoption of bitcoin, but actually does provide a nice buying opportunity for investors. |
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Launched Date: 19- 09-18
Investment plan: 500% after 1 day,1200% after 10Hours, 6000% For 5 Hours, 90000% after 3 days
Principal included : Yes
Minimum Deposit :$40
Minimum Withdrawal : As plan.
Methods of payment : Bitcoin, PM, payeer, ETH, Litecoin and bitcoin cash
Referral commission: 3%
Invest what you can afford to loose
Personal Experience:
I signed up for the 1 day plan - Deposited $40.05
Today I checked and sure enough, my balance was $245
I requested a withdrawal, BTC, to my address amount $245. So We will see I guess... Red flags obviously, but anyone have anything to add? Experience? Thoughts?
Do you think that this rate of return is indicative of a legitimate investment platform at all? It's the most obvious HYIP ponzi that you can find, in my opinion. The structure with the plans, the high rate of return on an hourly basis, etc. If they were really making this much money, surely they would not offer it to the public but rather, take out loans to finance their operations. Use your common sense here. All schemes that provide guaranteed ROI of more than 10% APR I'd be extremely cautious of. But anything more than 20% APR I'd label them as a scam/ponzi straightaway. It's quite common for newbies to believe in these scams, though. But in future, look for any signs of actual business model, and don't invest your coins lightly. |
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I get strange feelings reading users been sure of themselves saying with full conviction that bottom price for bitcoin is 7000, 6000, 5000... drawing waves and lines on selective parts of charts... Guys, come on! Let me clear a little bit where we are right now as an ecosystem. Bitcoin is still just a speculative commodity with highly manipulative and artificial price making. As bitcoin market is "too free"- even black market operators see its as a risk of loosing money, so they prefer old but more reliable dirty cash. So there are ICOs(just another bubble) , gambling and speculators of all sizes. That is the foundation of bitcoin economy. No manufacturing, no big investment funds into something real and stable like textile. Just speculators. I remind you, after everybody knew about bitcoin and there were already industrial mining price was stagnant around 100$ +-40% . Then came the market-makers and started their waves. Good old pump and dump came to bitcoin. What we saw last two years is just another wave of pump and dump. And if not strange buy and sell habits that changed price in steps should have tipped you off, then the amazing syncing of movement and absolute price on all major exchanges. There is no way for bitcoin price to be exactly same on all exchanges unless there is some coordination or price fixing. I can see some substance for bitcoin price to be around 400 or 700, but 4-7000? No, thats a pump. Now, what is really we should be worried about: will there be mass closure of exchanges with frozen funds and mass scam showed to all?(they are all ready been investigated). Or, will there be another coin created by the same pumpers, and bitcoin killed as an example for crypto enthusiasts at the same time as the new coin will be pumped for two years. If next 10 years international markets will get turbulent (and likely they will) some country more respected then Venezuela can blink and go for their own bitcoin in desperate try to save themselves. Where will Bitcoin be then? Bitcoin right now is very speculative. However, the thing that I think that you're wrong in terms of speculation is that it doesn't mean that in the future, it won't have any more utility other than being speculative. With bitcoin, I can comfortably say that it will, either by being the currency that is accepted widely as an global form of payment, or as a sort of a reserve asset that hedges against inflation. But I do think that this is quite normal for bitcoin, as in what is happening right now, as prices are dropping due to the bear market. It might not have bottomed out yet, but I think that it's fairly probable the recovery will come some time next year. I simply do not think that given the current level of demand, $400-700 is a very likely spot for bitcoin to end up at all. Also, what you mentioned with the exchanges is completely separate from bitcoin itself, imo. Non-compliant exchanges can obviously be shut down whenever the regulators want. |
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I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?
I think there are several that are already trying to make this happen. But none yet that is noticeable enough that people can actually use in order to substitute a central marketplace. Also, I believe that decentralizing the market, and decentralizing the middleman (or just completely eliminating it) are two different things. To be honest, I don't think that such a middleman-less marketplace is needed right now. There are p2p sites for advertising, like Craigslist, but I wouldn't say that constitutes a "marketplace". What matters most is the cryptocurrencies themselves staying without a central entity, which is something that we're seeing people are shifting away from. If the crypto itself and the money creation process, and the transaction settlement process isn't decentralized, then there isn't really any point in trying to decentralize marketplaces. |
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