Even though I'm sure that they could be at fault, there is simply no solid evidence on your side to accuse them of any wrongdoing. And even if there was, it's very unlikely that Bittrex would compensate you for your losses.

They don't want to set a precedent, otherwise in the future there will be consequences for them to have to refund all hacks.

Next time, make sure that you withdraw all funds that you exchanged on an exchange platform as soon as possible, because exchanges are not safe places to store cryptos. Store it on a decentralized, trustless wallet if possible, or even a light node/remote node would be better than having to store it on exchanges. You could tell them to investigate further about how did this, but even then your chances of recourse is extremely low.

I mean, it could just be an innocent move but it could be something more.

Firstly, you have to realize that genesis mining is not the trusted cloud mining company that the youtube shills/affiliates who promote the site on a daily basis make it out to be. These are all profit driven individuals who'll say positive things to get their affiliate/referral earnings.

It could indeed be a move to prevent legality issues in the future if they get hit by something of that sort. No doubt about it. It's just another reason to move away from this site which has proven to be pretty much completely unprofitable, even if it was mining and reporting profits accurately.

Sure is one to look out for, as it could scam a lot of people even after its crowdsale.

The fact that they're offering such unrealistic returns pretty much means that they are either just a complete fraud or are running a ponzi scheme of sorts. Pretty much they'll disappear with your money, the real question is when that will happen.

And when you see these kind of returns it's pretty much unnecessary to have to research into the team, but it does help solidify the evidence against them even though it's so obvious.

The funny thing is that they're probably not hacked whatsoever.

They were doing this all on their own which just shows the sheer stupidity of the people in yobit's management as well as their shadiness in general. They're publicly manipulating the markets and being proud of what they do and advertising it.

Essentially, they are acting as a pump & dump group, except they can do insider trading before anyone knows which coin is being pumped. An exchange which itself is the player in the market is simply not something that demonstrates trust to me.

How ironic is this? An ICO creator which has a fake team of its own. Is it going to also offer the same services of fabricating teams to the people who actually want to create their own token as well? 

Also without even looking at their team, what is suspicious is that they are offering a service, yet they need investments before they can start delivering these services. That business model makes absolutely no sense.

Great find as always. I wouldn't be surprised if they were using some form of shilling using paid bumping as well given the high amounts of optimistic replies on their ANN thread.

I personally think that there is absolutely nothing that is worth knowing about with the Petro.

It's a centralized crypto. We get it. It's issued by a government. We get it. But what is it backed by? Pretty much nothing and you'd have to trust the government on their promises in order for the Petro's value to hold up in the long run.

It's nothing like what they've hyped it out to be, nowhere near. Nor has it got any of the benefits of decentralized cryptos in my opinion.

I'm not surprised at all by the lack of communication that yobit has demonstrated.

That is literally what they are known for for the past few years. They have been known to have an unresponsive support and a buggy system that is potentially insolvent which can explain a lot of the withdrawal/deposit issues which happen on their platform.

Can you tell us what you've done leading up to that point to warrant the ban, or did the block just come out of the blue without any reason? But to be fair, yobit support is your only possibility of recourse here, you'll just have to wait till they respond, which could take an eternity.

I don't know if coinbase is forced into doing this due to regulatory needs, or they are simply doing it on their own because most other hosted wallets still allow you to open accounts without having to verify yourself, and conduct crypto transactions.

But this is just another reason for most people not to use coinbase, in my opinion.

There were already countless reasons before. I'd rather just use an actual desktop wallet or even a wallet where you have control over your private keys like Greenaddress, instead of having to verify myself just on coinbase. The only thing that coinbase is useful for is probably its buy/sell features for credit card, but you already had to verify yourself to use that.

Obviously, bitcoin's volatility has been quite low for the past few months.

This is probably not due to the fact that price manipulation is any less than it was during the run up of the bull market, but rather because of the bear market that we're in and the tendency of the market to move sideways during this period of consolidation.

The article does raise an interesting point though regarding the fact that bitcoin could potentially see some use as a store of value and an alternative to gold, I do see that in the future. However, I doubt that this bear market has anything to do with the adoption of bitcoin as such form of store of value.

Most likely through some crypto site that you signed up which sold your information and/or are associated with these scammers.

That would explain why your email was available to phishers. Again, that's why people should always be careful as to which sites they sign up with, even though it's definitely not always 100% failsafe since you don't know which sites are going to share your information.

But this is quite an obvious scam that is directed to newbies, and I don't think that it would be able to successfully scam out a lot of people given that it's just repeated so many times. Remember, exchanges will never advertise investments via email, so be extremely cautious when you receive these offers.

The fact that you cannot find any reviews on the site is indicative of the legitimacy of the site.

The front page of the site is pretty much the most generic template used by scams thousands of times previously. There are 'plans' for investments, which is another warning sign. They also guarantee more than 200% ROI within a year, that's not feasible whatsoever.

I'd just like to remind you that no cloud mining is profitable, even the legit ones. My recommendation is stop looking to invest in these things. There is only probably a handful of mining sites that are actually mining (e.g. genesis), but even then, you don't know if your contract payouts are legit, and in the long run you'll still lose money due to maintenance fees.

I think that none of the terms will become obsolete. Sure, their usage may be reduced over time given the shifting trends (as with all terms), but saying that they will be completely replaced is just a load of nonsense to me.

Especially with fiat, I don't know how they expect that to be obsolete within the next 20 years.

Sure, bitcoin could see huge adoption waves within the next 20 years but governments realistically won't give up control over money supply at any stage, and thus fiat would exist in one form or another. And as long as they exist, the term which represents it will stay as well.

You're right. We're still deep in a bear market with bearish sentiment being the single sentiment within the market.

I simply don't think that we're going to see any sort of bullish resurgence within the year, simply because of this bear market and the cautious attitude that traders have developed within the bear market which will take time to reverse.

There may even be further dips down under the $6k level, but on the bright side, I think we're close to bottoming out and prices will generally just move sideways. I expect the bull market to come some time in 2020-2021 due to the halving, definitely not now.

I wouldn't regard this event as anything positive.

Obviously we can't stop them from launching their own fiat backed crypto, but the launch of it is pretty much not going to do anything good. They're likely going to be operating in principle in the exact same way as Tether, which makes it centralized.

All centralized coins, including those which are backed by fiats, I have no interest in ever using. Especially with the target audience of this coin most likely being institutional investors rather than average traders, I don't see this becoming news that is overly bullish. The best thing you can say about it is that potentially, it could be better than Tether, and even that is unconfirmed at this stage.

Lmao. Who would have thought that his prediction would turn out like this?

But in all seriousness, I think that you're completely right in saying that everyone already knew his prediction was simply some sort of publicity stunt that is completely unrealistic, before his prediction was even edited to be a bearish one.

I honestly don't think that anyone with even slight experience in speculation now would take these 'mainstream' speculators word for it especially without any form of TA to back it up.

The OTC market have long been there for large scale investors, but I guess this is only something that has been covered recently.

Obviously, large investors that don't necessarily have to belong to any particular institution would want to make private moves without affecting the rest of the market and/or to hedge against the volatility of bitcoin.

What I found most intriguing was probably the fact that premiums are being paid for untainted coins. I don't know if this is being exaggerated or actually happening. If it was actually happening, that poses a real issue as to the fungibility of bitcoin, especially with it happening with such a wide spread of 20%.

I've been using Shapeshift for a long time and I can say that they provide a great service. Never have had any problems with them, and since they don't allow you to store any balances with them, there are no issues in terms of deposits and withdrawals at all.

However as others have stated previously, they are recently announcing an account system.

I personally believe that this is not something that will be received well in the community, and personally I'll be stopping to use them considering that they will soon be enforcing 100% verification before anyone can use them. As such, your aim of anonymous transactions may not be possible.

Obviously, most western nations are nowhere near the level of cashlessness that China is already at.

The question really have to be asked of whether cashlessness is really something that will be advantageous, especially when the cashless nature of transactions are facilitated by payment processors which are centralized, and have close ties to the government.

From articles that I've read I generally see that most Chinese people have already made the switch to cashless daily transactions, and cash is a rarity these days within the country. Are these people left behind though? Probably, in one way or another if they're not technologically literate.

I don't see that to be the case for the institutional adoption that we've seen within this bear market, even though bitcoin as some form of safe haven asset would still be possible given the circumstances within a financial crisis.

I think that most of the institutional investors currently coming into the market are still just speculating on the price of bitcoin, and nothing else.

Their primary goal is to make money off derivatives or trading bitcoin, not to actually adopt the technology for themselves. That said, though, I think it would still be a driving factor for the next bull market given the amount of these institutional investors that have declared interest in investments in BTC.

It's not lower supply per se. But it does mean that the cost of minting each coin goes up, as the rewards half.

And also, probably the most imprtont aspect to this is that investors are emotionally affected by the event simply because there is a track record for bitcoin to show strongly during and after the halving event, and that causes a bull rally in itself.

You're right in expecting the next bull market to come somewhere around 2020-2021, though, given the historical data that we've got associated with the halving and the bull markets that follow. It also fits nicely with the end of the bear market which has in the past, lasted around 1-1.5 years, which again, means that it would end some time late next year, just before the halving.