'The new Marulas Public Market in Valenzuela City is the first-of-its-kind ‘DigiPalengke’ initiative in Northern Metro Manila where an entire marketplace is equipped to accept mobile cashless payments.' https://pia.gov.ph/news/articles/1015376-- This is quite interesting since even a public market where most of the time common folk buy their everyday needs is accepting digital payments. While this is not entirely related to cryptocurrency, it's as if the people are slowly seeing the convenience and security cashless payments offer to their everyday lives. For years, scan-to-pay stores are just confined within the walls of malls and luxurious places but it seems that we're slowly bringing it to the masses and eventually, it will be the norm to pay only with our smartphones and pre-loaded accounts--and in the future, possibly even cryptocurrencies. I'd say that there are quite a lot of countries that are already going this cashless route. From the articles that I've read, it's quite common for marketplaces and supermarkets to accept cardless payments in the form of WeChat or Alipay, and cash is becoming rarer and rarer. Seems like the trend has grown in other countries as well. It is important to note though that being cashless doesn't necessarily mean using blockchain technology, or using a decentralized cryptocurrency. People realize the cumbersomeness of cash, but they might not realize the detriments of fiat yet. It's actually quite interesting how in a lot of the countries, third party companies are actually the ones facilitating the majority of the cashless transactions, as opposed to traditional banks (I think in this case as well with PayMaya). |
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For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions
It has changed the way we carry out transactions and believe me you it has come to stay!
Don't be fooled by the naysayers and those who are adverse to change which we all know is the only permanent thing
NB: Always remember this, you have not made a loss until you sell
After a price dump comes a price pump
Never allow your emotions to do the thinking for you
Always go with your gut feeling
History does repeat itself in terms of market cycles. We are currently in a bear market, which we actually saw the exact same time 4 years ago. I'm actually surprised at the amount of people that are panicking in this situation. It was clear at the start of the year that the unsustainable growth in the market was coming to an end, as the bullish sentiment had cooled off quite a bit. So why wouldn't you expect prices to stay sluggish for at least a year given the previous cycles? I guess that it's because they aren't focusing on the longer term picture, in terms of increased adoption, increased institutional interest, etc. I could well see bitcoin becoming at the very least, a widely adopted global form of payment and store of value for the unbanked, if not much more than that. And for that reason, I have no problems with riding out all the waves in the market, and accumulating at low points within the cycles in order to gain the long term profits. |
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I always wonder what might be the reason of centralised authorities not accepting the power of Decentralization and then found the reason,if so decentralization becomes the only means for the transactions then most of the regulators and authorities might be jobless and so they are putting maximum to let down this technology by creating a hype that all the crypto currencies are scam and you can making nothing out of them investing,so we Crypto enthusiasts need to put our maximum efforts to empower decentralization .
Who told you that blockchain would make regulators redundant? I don't think that is true honestly. Yes, it does take away the intermediaries out of transactions and settlements, which is obviously an advantage since there is no risk in terms of banks freezing funds or not processing payments, on a global scale especially. But regulation is still going to be there. Blockchain can't be regulated itself, but certainly exchanges and other companies that offer a product revolving around blockchains are still going to be regulated. We're actually seeing a lot of governments right now actively trying to monitor and regulate the crypto trading scene at the moment, which is quite controversial in terms of its results. |
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AML/KYC process is a standard procedure for any active users and because of the fact that each AML\KYC check is different and it needs to be checked manually by a Compliance Officer, it may be time-consuming. Does it really take months (6 months according to OP) to verify the legitimacy of documents, though? I doubt it. I think that users of your site at least have to understand the maximum amount of time that their funds will be frozen for, whilst this compliance check is done. And it should be done at sign up, instead of after the user has already deposited funds into your site. Otherwise, you guys could continue to stall and do nothing while claiming that you are still sorting out the issue, and hold funds of customers indefinitely. Also, in terms of unresponsiveness of support, is bitcointalk support separate from the support ticket staff? Because I feel like the bitcointalk support is actually a lot more responsive and active in terms of answering questions on the forum. |
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I just want to say a few things about what i see happening.
I have been a trader a holder a price watcher for 5+ years. Bitcoin is not dying it is not going to zero etc etc. This isnt even a retail shake out. This is a game of chicken between the whales and large traders on the exchanges. My one btc sell or yours doesnt matter. Just like on the nyse. My 10 share sell of walmart is norhing. Bitcoin is a confidence game. Its a game that tests your psychological fortitude. Traders want your money(coins) and will do anything to pry it away from you. Btc is all about rumors and fud because that is the only thing that stimulates buying and selling. There are no earnings reports or sales figures to base price on like stocks. It is a pure psychology and emotional driven machine. You have to take emotions out of it people. Does it suck that we are going down? Hell yes but if you sit back and read between the lines there is an obvious reason for this dump. No one in the media or no one big heavy hitter in btc will come out and say it but whales are taking the price low on purpose. Its not one person selling 1000 coins each day and exiting. Smart money would put in a limit price and let it be filled not market sell and lose thousands of $$$ on every trade.
The bottom line is if there are no sellers of coins and the whales are runn8ng low on supply they drop the price to get sellers. They cant raise it looking for people to cash out because they hodl even more during a pump.
Bitcoin is getting so spread out amoungst hodlers and users in the world that its getting harder and harder to find coins.
So with that said. You have baakt opening in about 2 months and fidelity on the horizon. Think about it if you were a whale and had 2 months to stock up on something that is going to fly off the shelves you would do whatever you had to do to fills your bags and when the doors open make bank big time.
Guys do you realize how deeply ingrained crypto is? The Nyse is going to be selling bitcoin!!! They probably did years of research crossing their t's and dotting their i's on this jump. There is no going back. Same with the futures and etf etc. Mahor major financial institutions are putting their reputations on the line fir crypto. Its not going to fail.
Nothing has changed there is no bad news. Bch fork is a smokescreen. Prepare yourselves for next year and look at this as a buying op. Be greedy. I hope this helps calm some nerves. We are all going to be fine.
From a speculative aspect, this is just a bear market. Obviously this was bound to happen after a year of unprecedented price growth. I mean, we've seen this many times before as well, so I'm actually not that surprised by it at all. But also, you gotta see the long term picture. As you mentioned, several institutions are already setting up their trading services or preparing to invest in bitcoin directly despite the bear market, which is something that could potentially influence the next bull market as well. Also, I still believe that mass adoption, even if bitcoin doesn't necessarily replace fiat in its day to day uses, can happen in the future, which will definitely boost demand for sure. I'm definitely not concerned about prices at all, even though the bear market could continue on for another half year or even a year. It's a great buying opportunity for sure. |
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Open a scam accusation. Provide proof in the scam accusation. Otherwise, there is no point saying it here. Privcoin's case is strong enough for me to believe that changenow is running some kind of shady business at the very best, by using "KYC" as an excuse to hold onto customer funds for much longer than they are supposed to. There's always a counterparty risk if you're not comfortable with providing ID to them, which a lot of people aren't especially with all the proof of funds stuff. Always take their claims of anonymity with a grain of salt, I guess. Interesting claims. I miss evidence though.
I think that there is evidence enough in the fact that changenow is directly responding, without disputing any claims in regards to the fact that they are indeed holding/scamming the funds that Privcoin initially deposited. |
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Site still isn't up. I'd still be extremely cautious in terms of crypto arbitrage bots or whatnot.
First of all, this isn't open source and you'd be taking their word for it when they say that everything is going to be secure, they're not going to be tampering with your funds or whatever. Even though they say everything is done locally, there could well be information that is still uploaded to their servers that you don't know of.
Secondly, arbitrage across crypto exchanges is difficult given that in practice, there are various reasons why arbitrage opportunities do exist. For example, deposit and withdrawal issues may form a closed market where prices are artificially deflated or inflated, in which case, you're making a huge risk if you ever want to deposit funds into that exchange just to trade that arbitrageable coin.
At the end of the day, you could trial it with small funds if you'd like, but I doubt that the results will be likely to be good. And if they're promising guaranteed returns, just forget about it - it's a scam.
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Hello,
I’m a new member and looking for mostly for bulk Ebay gift cards through a secure escrow.
I wonder if any of you do work on an escrow for digital goods such as Ebay.
Payment by BTC
I would not recommend going with any escrow sites, per se, because they are not as flexible as the escorws that are active on the forum and nowhere near responsive in my opinion. I wouldn't even use Bitify if you were dealing with high amounts. But Omegastarscream is absolutely right - I'd strong suggest that you do some research on the seller, see if he is selling at too low of a rate to you and if he seems quite shady in terms of where he gets his cards. There is a high likelihood that a lot of the cards, including ebay, sold by sellers are carded and fraudulent. And escrow will nonetheless still release funds to the seller as long as the goods are delivered, while problems with carded GCs usually show up much later, leaving you the one that's having to lose money. |
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Interesting. This is the person IIRC that said that bitcoin will go to $10k last year, which it did.
But still, I wouldn't be going as far as saying that crypto will completely replace fiat currency at this stage. I can see a future where bitcoin can serve a large role in global settlements, as well as being a store of value asset, but central banks will certainly not be willing to give up control of the economy. Mass adoption is still possible, though. But I'm just saying that fiat is probably not going to be gone any time soon, and even if governments do start using crypto, they will likely do so to issue their own fiat currency, just on a blockchain.
Also, the price predictions that he's got for 2020 is still quite wild, and I really doubt markets are going to be that bullish again any time soon. So do take what he says with a grain of salt at least.
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Peace Be Upon You All, Allah Mercy And Blessings i want to tell about a Scam telegram bot called: Eu Btc Mining its telegram id: @eubtcbot its telegram link: https://t.me/eubtcbotits telegram web link: https://web.telegram.org/#/im?p=@eubtcbot1- this scam bot which give you 0,0000144 BTC (1,440) satoshi every day via "Antminer D3 " Machine and lets you buy another Machines to earn more 2- when you reach 0.001 BTC (100,000) satoshi which is the minimum amount to withdraw, click "withdraw", "REQUEST PAYMENT" and enter the amount in "How much you want to withdraw BTC" 3- Successful. Your payment transactions are started. It will be sent to your account within 1-2 hours according to the transaction density. 4- but unfortunately, i didn't receive any amount even after 2 days not 2 hours as they are saying although i'm asured that i entered the correct BTC Address i want to tell the people that the bot owner are a stealer child wants to steal the people and their friends and promise them that it will give them a bigger money please no one work with this scam bot and no one pay even one satoshi to them and never waste his/her valuable time thank you all for reading Peace Be Upon You All, Allah Mercy And Blessings Firstly, stay clear of any telegram investing bots. No legitimate business trying to raise funds would ever want to advertise and run their investments on Telegram. It's not secure, and it's just completely unprofessional. Only HYIPs (pretty much ponzis) would ever use Telegram to get people's investments. Secondly, always check out what promises they are making. If you are just seeing a picture of a mining rig and promises of guaranteed returns that amount to absurd ROI, then it's probably a ponzi or an outright scam, like in this case. Even if you come across one of these telegram bots which others claim to have paid out, there are two possibilities. First, there could be fake reviews, or second, they may be running a long term ponzi. Either way, don't even bother with them. No point. |
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The year 2018 is going to be recorded as one of the years with the worst cryptocurrency market crash ever.
But hey, this is not the first time for the market crash (remember 2013) and it is not the end of a line for the cryptocurrency. I honestly don't see this as anything out of the norm for bitcoin. Last year was full of FOMO buying and a bubble resulted, lifting prices up to levels that were way too high to sustain. This year is just the correction of that. If people expect bitcoin to continuously go up all the time then they are absolutely crazy, because no asset class can ever offer that kind of returns. What we're seeing is the bearish stage of the bitcoin market cycle, exactly what we have seen in 2014-2015. I do expect this bear market to continue for at least a few more months, but there is really no reason to panic sell. I think that contrarian investing at this stage of the bear market where prices are near the floor would be a good strategy. Start buying, before the next bull market swings by again and the same thing happens. |
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Of course. As long as virtual currencies are accepted as private property, I don't see why they can't do that in case someone is in debt and assets are needed to repay the debt. It all differs country to country, because some countries may well have recognition for cryptocurrencies as property and can thus chase it down when it comes to legal issues, and others don't.
The article is suggesting that law enforcement doesn't know where to look, which is probably wrong in the majority of countries now given that bitcoin's been around for a decade.
Otherwise, all the U.S. bitcoin seizures, confiscations, and auctions would not have happened.
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Kinda ironic how the whole thing is supposed to be a way of raising funds for donations, and that's exactly what it is? As in donations to the founder of the website  I mean, it's really as obvious as can be here. I'm sure that we've all heard crowdfunding, donations, charities and whatnot as an idea of an ICO hundreds of times by now, and that's one of the signs of a scam ICO in terms of reusing old idea. Furthermore, the actual "buy tokens" page is just so rudimentary. There is just an address which you send the funds to and that's it. No KYC checks that are usually necessary with legit projects, no accounts registration. There's no working product; it's complete vaporware. Usually, when you see these signs, it's a good indicator of the untrustworthiness of the investment that you're about to make. But always, always look into the team itself to see if it's legit. We've seen a ton of fake teams being exposed recently, it's quite routine for an ICO to do. |
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Obviously as you say, if a court doesn't recognize that bitcoin is legal property that is owned by someone, then there will be serious issues as to persecuting someone for money laundering and other crimes that are done through bitcoin, and could seriously open up loopholes for criminals. As a result, I think that most countries will start to accept that bitcoin is legal, private property sooner or later. We've even seen this in China where the court in Shenzhen had recently ruled that owning bitcoin is legal, as it is owning private property. It's irrelevant. Cryptocurrencies don't depend on laws to determine ownership. They depend on math. Though I suppose it could even be helpful, as a government could not then compel you to hand over something that you don't legally possess.
I'd definitely agree with you mostly, except in the case of stolen bitcoins or whatnot, or companies running fraudulent investments that are quite common, would they be incriminated at all given if bitcoin is not recognized legally? But as you say, the transaction making and storage of bitcoin itself is secured by the blockchain, it's separate from the legal system. |
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The Chief Commercial Officer (COO) of global crypto payment processor BitPay has ventured that Bitcoin (BTC) will hit $15,000 to $20,000 by the end of 2019. The COO, Sonny Singh, made his forecast during an interview with Bloomberg Nov. 22. In the midst of a bearish market picture – with Bitcoin down over 32 percent in value on the month – Singh said that he expects the next big price action to come when mainstream financial sector giants such as Fidelity and Intercontinental Exchange (ICE) start to launch their crypto-based investment products next year. The financial giants’ entry into the space could catapult Bitcoin’s price to as high as $15,000-$20,000 by the end of 2019, Singh told reporters. Aside from traditional financial incumbents’ launch of crypto-based products, Singh pointed to structural changes in the crypto market itself, with stalwart companies such as U.S. crypto exchange and wallet provider Coinbase and crypto bank Silvergate gearing up for possible initial public offerings (IPOs). Readmore: https://cointelegraph.com/news/bitpay-coo-sonny-singh-bitcoin-could-hit-15-20k-by-end-of-2019Right. We've already seen institutional investors starting to head into crypto investments. However, I still don't see this as enough justification for prices to be realistically heading towards that sort of level any time soon. First of all, we're still in an extremely bearish market in which people are quite insensitive for otherwise positive news like this. Secondly, these institutional investors have already expressed interest way before the current drop in price occurred, and there is simply not enough time left in the year for markets to recover that quickly. Anyhow, I do expect that institutional investors be one of the main drivers in terms of the next bull market, but that's probably not going to come until much later. |
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It's a clear ponzi to me.
It seems like that these scammers just love the concept of AI and arbitrage, and combining them both together seems to give them even more opportunities to scam more newbies. Obviously if you know anything about trading, not only is this completely false and unsustainable in terms of the returns, if there was actually some AI that is capable of doing this and delivering such ROI on funds, it would never be made public.
They virtually admit that they have no license to conduct their business and thus, are not trustworthy. And you're completely right about the cultish figure that this guy is, similar to what certain youtubers did to their subscribers in terms of the lending platform scams a year back, if not worse.
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I constantly here people say " Only invest what you can afford to lose" Well no matter where your wealth is it could crash.
-Invest in USD- USA could collapse and experience mass inflation making your dollars nearly worthless
-Invest in Bonds- Government could collapse making your bonds worthless
-Invest in real estate- Housing prices could crash, natural disaster could hit and insurance company could go bankrupt
-Invest in metals- prices could crash, asteroid mining could collapse prices
Your money is never 100% safe no matter where it is invested.
You're absolutely right. But obviously, the saying is still absolutely valid. It's all about the risk and the reward in my opinion. An asset class like fiat cash would obviously be quite stable in the short run, but its value would drastically depreciate in the long run given the inflationary nature of the currency supply. Same with bitcoin - in the long run, I wouldn't doubt that it's a store of value given its capped supply, but in the short term, there is risk that prices will go down due to a bear market. Everything and anything have monetary risks and can appreciate and depreciate. What matters in terms of finance and investing is diversification of these risks in one's portfolio, in my opinion, unless you're absolutely certain that one asset class will outperform the rest, which I believe is pretty much impossible. |
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Definitely possible with certain derivatives and trading techniques.
In fact, hedging is absolutely nothing new in terms of the financial world and can be applied to forex as it would to bitcoin. Obviously, you would need to find the right platform to do it in order to hedge your bets, for example, taking out put options for bitcoin while holding your BTC.
It will come at a cost though, whether through spreads, fees, interest, whatever. If you are seeking stability solely in the form of USD, then you might as well just hold USD instead to save yourself some trouble. However, long term bitcoin holders will see bitcoin as a stable store of value, instead of measuring it against USD all the time, which could make things appear more volatile than they really are in the long run.
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I would seriously doubt it. Even though in western countries I don't think that crypto has necessarily been banned in the majority of the states yet, decentralized ones are certainly not something that historically the governments have been very positive about.
However, I do see the argument that bitcoin hasn't been killed yet. I think that in a way, regulation has already tightened a lot since its inception to the point that trading has become extremely difficult, but banning bitcoin imho would be unfeasible anyways as it is difficult to enforce and the government would be losing out on a lot of revenue.
Also, I don't see any incentive for them to create cryptocurrencies, which could potentially take control away from the banks and even central banks. But who cares - as far as I'm concerned, even if they've created it for whatever reason which I think is very unlikely, it's still a decentralized platform that is outside of governments' direct reach.
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I have read all rules a lot of times – I have not break up them. So, I can not understand, why my funds were frozen for a 3 weeks and I could not dispose of them before the fall of the whole market. This is the risk of using exchanges, regardless of their trust level. As Potato Chips said, you have done nothing wrong on your end if all you did was trade, it's their problem that they are not sending out withdrawals on time. I would suggest consistently creating new support tickets or send a support email every 2-3 days to follow up on the issue if they do not respond to you. Make sure to include previous communication with them as well to demonstrate the lack of action. Do so on a multitude of platforms, both on their support centre, and FB and twitter. It also seems like that they're based in Lima, Peru, so if you do some digging and you are in that country you may be able to take some irl action, but it's very unlikely. But that's all you can do at the moment. Keep communications going and be patient. Based on what you've shown I would regard this as a very shady exchange with a very unresponsive support which no one should use in the future, given this incident. However, in the future, I would suggest that you also use a different exchange that has an announcement thread on bitcointalk and a good reputation based on people on the forum as well so that you can actually PM them directly on forum, instead of one that can only be reached via social media and support. |
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