They told will be delisting SBTC, and I want all my coin go out of there. But i can withdrawal, it always saying confirming. I have contact the support and they dont focus about my problem. And when i feedback they ingore me. What should i do  (( No one here is able to gain access to their internal system, their wallets, etc. Hence, the only way that you're able to get your money is going to be hoping that support actually helps you with your issue when you contact them. Keep opening new tickets until you actually get a valid response. Because right now, the main issue is that your withdrawal is stuck in pending mode, and if they operate like any other major exchange, this can be easily fixed by support and their technical staff. If they're not concentrating on the issue at hand, keep bringing them back to the point that you're making. It is a sticky situation since the wallet is about to get delisted. Hopefully you'll be able to withdraw before that happens, because it may become a lot more complicated once it does get delisted. You do deserve to get it back - it's your money. It's just that CoolCoin doesn't seem to be a well known exchange at all. It doesn't seem to be very transparent or even licensed for that matter. Use a more well known and trusted exchange next time. |
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I had a terrible experience with Poloniex before they were purchased by Circle. Anyone use the exchange recently, any feedback?
I don't think anyone still continue to use Poloniex after they were purchased by Circle. And that includes me as well. The reason is twofold. First, most people who used poloniex before they were acquired by Circle had terrible experiences when it came to their customer support. This essentially meant that most old users stopped using them even though the buyout was there. ID verification became mandatory, which was another reason why old users stopped using them. But the second reason is that new users just had so much more to choose from, with Binance, Kucoin, all arriving at the scene. I'm not aware of a lot of people who still rely on poloniex on their day to day trades, but based on their feedback, the progress they've made after Circle's acquisition in terms of responsiveness of support and general usability is quite disappointing. Can't say anything has improved by much. |
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It wouldn't make sense for them to have restrictions when it comes to banks dealing with crypto related entities and services, while conducting research on crypto and even launching an entirely new research group just for this purpose.
Perhaps this is the real signal that in future, the restrictions could potentially be lifted.
Still too early to tell, but I certainly hope that this is the case. Hopefully actual research is being done into the benefits and merits of bitcoin, instead of the usual biased approach. And with the new regulations, let's hope that the taxation levels aren't as absurd as the are rumored to be, with a potential GST tax blanketing all trades.
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in the future, will there really be a need for fiat currency? Government can collect taxes in crypto, determine how to allocate it, and spend it in crypto. Ppl can receive salaries and do all commerce using crypto. Loans can be done in crypto. Fundraising can be in crypto. Sure, problems have to be worked out in terms of scalability, does it have to be completely decentralized, etc, the value has to become more stable. But theoretically, is there any reason to have fiat in the future?
It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.
From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.
What you're proposing is essentially a government controlled crypto, where they are able to keep an eye on the network in order to manage taxation better, introduce monetary policy more directly, etc. etc. It's definitely something that is foreseeable. In that case, wouldn't it still be a fiat currency, as there isn't a limited supply and still controlled by a government? It's just in a different form. Not in paper, but on the blockchain. Fiat is definitely not necessary for the economy to function. I mean, humans did not start using fiat until a few centuries ago, and before that, commodity based currencies are used and there were much less economic crises, in fact. A bitcoin based economy wouldn't be impossible at all. However, governments round the world will push their currency and try to back the value of their own currencies, regardless of what progress crypto adoption has made. |
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Definitely the lowest point all year, right now. And it's still holding up strong. Every time bitcoin hangs around $6k or even goes under thus far, there seems to be a huge surge in buying activity which eventually drives prices up, and breaks the market into a price hike. And even though these rallies have been relatively short, prices have never really gone past the aforementioned $5.8k floor when they do correct after the short pump. I think that at some point in this or next year, this support will be broken as we're still not seeing signs of a bullish reversal any time in the near future. After that occurs, I think we're certainly very close to the actual recovery of prices that will happen afterwards. |
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Hi
Will I face problems if I start buying bitcoins by PayPal in localbitcoins I know when I am the seller (receiver of money) PayPal will ask what i`m selling and may close my account but what if I`m the buyer( sender of the money)?
You're unlikely to ever get suspended if you're using a third party site to buy coins. If anything, the site is the one that is taking most of the risk when selling bitcoin to you. You're not as likely to get your account limited at all. Established sites like Virwox shouldn't have any issues. If you're trading p2p then it's a different story. I'd say you still got a moderate chance of getting limited, provided that you do trade with sufficient volume, and consistently have funds going out for crypto purchases. Once paypal finds out they could certainly block your account on the grounds of a terms and conditions violation. I'd honestly not even buy BTC with paypal if I had alternative ways to do it. Paypal rates are consistently one of the worst. Use cash deposit and bank transfer. Not only will you get better rates, you don't need to worry about all this either. |
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You have to understand that Tom Lee is pretty much nothing more than a guy that is feeding off his media presence, which was initially generated from his outrageous, clickbaity titles anyways.
If you know anything about price speculation in crypto, you know that Tom Lee always has some pretty ridiculous bullish predictions. And regardless of what the market sentiment or status is, he'll always say that prices are going to go up.
Whilst we are seeing a rally right now, I think that it's going to be short-lived. I still see the bear market extending well until the end of the year. Even breaking 5 digits would be a far fetched idea by the end of the year with such bearish sentiments, let alone setting an ATH.
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consuming power that would otherwise go to waste. I don't know if this is actually happening, but it does sound plausible as I'd assume that countries with surplus electricity supplies would have pretty cheap, which attracts bitcoin miners there. Obviously, the main message behind all this is that it doesn't really matter how much energy something uses, as long as it is reasonable, it is producing something of benefit, and most importantly, energy sources are sustainable and renewable (green). I think it's definitely possible for bitcoin mining to produce demand for cheap, locally sourced energy, which generally is hydro at the moment, though this process could take time. Bottom line is that I don't think that people should be worried about bitcoin's energy consumption as much as they do right now. It's minuscule in the grand scheme of things, and as long as it uses responsibly generated energy, it really is a non-issue. Otherwise, perhaps we should shut down Visa and Mastercard's networks then? |
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So basically, they're now trying to enforce their ban on ICOs more harshly.
That's essentially what is "illegal crypto crowdfunding". The hundreds of ICOs that are on display each day to attract investors. To be honest, even though this sounds like some ridiculous thing, but most of them are probably illegal, as most have fake teams and will end up as scams sooner or later.
But with China's attitude towards crypto, they certainly do not seem to be backing off any time soon and are going to continue with their policy of pretty much getting rid of all foreign influence when it comes to crypto. Not surprising that they're issuing this warning, but most of the investing has probably moved offshore anyways.
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From the article: Institutional investors are subject to regulations that require them to place customers’ assets with a “qualified custodian.” The Securities and Exchange Commission indicated earlier this year that it is thinking about how to apply this rule to cryptocurrency. Coinbase founder Brian Armstrong wants his firm to be ready. “There’s a bunch of institutional money interested in the cryptocurrency space,” he says. “But they need a qualified institution to act as a custodian.” This is probably the only reason why anyone would be using Coinbase's vaults to store their BTC at all. The fact is that even though they've done a good job with security, the chances of Coinbase themselves freezing one's account, or being infiltrated internally, is far greater than having any hacker ever penetrate even a moderately protected paper wallet, generated offline by any average Joe. I guess for these institutional investors, they are stuck with this as one of the only options. But to me, holding the private keys myself is far more secure than having a third party holding it for me, regardless of the level of security they are at. |
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Turkey does have a huge economic problem when it comes to inflation right now. And don't get me wrong, I do think that Turkish citizens are going to be seriously looking into bitcoin as an alternative in terms of hedging against their Lira's inflation in order to preserve their wealth in something that is outside of their country's economy. But I simply don't see the justification for an entire bull market just because of this. The excess demand generated from this is negligible, and probably is over hyped by the media. Bitcoin definitely can help these Turks, though, for sure. |
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The deputy for innovative technologies at the Central Bank of Iran, Nasser Hakimi, has stated that Iran’s financial regulator will be reviewing the country’s blanket cryptocurrency ban. The central bank official also indicated that the country’s regulatory apparatus pertaining to virtual currencies is expected to be finalized by the end of September. Iranian Central Bank Official Hints That Cryptocurrency Ban May Be Repealed During September Whilst speaking at a conference on cryptocurrency and distributed ledger technology in Tehran on Sunday, Nasser Hakimi, the Central Bank of Iran’s deputy for innovative technologies, made statements inferred as indicating that the Iranian administration will likely repeal its blanket ban on cryptocurrencies during September. “The first concerns the prevalent global cryptocurrencies. The High Council of Anti-Money Laundering has imposed a ban in light of concerns over global allegations of money laundering and financing of terrorism. But it seems that after the government’s consideration, this blanket ban will be reviewed,” Mr. Hakimi stated. The blanket ban, first announced on April 22nd of this year, was ostensibly intended to address concerns pertaining to money laundering and financing of terrorism. Iran to Deliver New Cryptocurrency Regulations in September The cryptocurrency ban is expected to be lifted when Iran announces the finalization of its new regulatory apparatus pertaining to cryptocurrencies, which is currently slated to occur by the end of September. According to Financial Tribune, Iran’s new cryptocurrency policies have been developed under the guidance of President Hassan Rouhani. See more - https://news.bitcoin.com/iran-expected-lift-cryptocurrency-ban-september/This is great news, if it can actually result in change in the current policies. A blanket crypto ban simply doesn't make much sense in my opinion, simply because of the fact that it is extremely hard to enforce. Bitcoin and most other cryptos are decentralized in one way or another, which means that it's not like the Iranian government can do much to monitor crypto use outside of central exchanges, which are already banned under these policies. It's more practical to regulate third party service providers when it comes to crypto. We still don't know what regulations they're going to come up with though, which means that it's probably too early to be too optimistic on this. Maybe they'll just come out with huge taxes or restrictive regulations to deter people from using crypto after all. But if not, then it's definitely a huge plus for crypto globally, and to a further extent, Iranian crypto users. |
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Thai Authorities have been busy in 2018 as they implement new policies and enact laws to regulate Blockchain-based digital assets
As regulators around the world are still caught over the debate over what category digital currencies and assets should fall into, Thailand seems to have skipped the debate altogether as authorities announce an emergency decree in the Royal Gazette which officially defines both Cryptocurrencies (a medium of exchanging goods) and digital tokens (rights to participate in an investment, or to receive specific goods), resulting in new laws aimed to govern business operations related to this new form of digital assets. Within a short period of time, the Thai Government has not only legalized few Cryptocurrencies such as Bitcoin but authorities have made their priority to also regulate Initial coin offering, granting commercial licensing and amending new tax laws. Visit this Article written by the CryptoHype that sums up Thailand surprising move of providing new legal framework for this disruptive technology. As a leading Fintech Hub in South East Asia and fast-growing economy Thailand seems ripe for more Cryptocurrency adoption as would provide an alternative financial instrument especially for the those unbanked I don't really get why they would only legalize the trading of 7 cryptocurrencies. This is extremely weird in terms of policy-making, as they essentially give all the competitiveness to these 7 cryptocurrencies and completely ignore the rest when it comes to their legality. I think that they're taking the right steps IF they are trying to regulate and amend crypto and the tax codes surrounding it, instead of outright banning it like some other nations are doing. Just not sure that they are doing it in the right way, though, by creating this disparity between certain cryptos. They would certainly attract more investors and businesses into their country after their crypto regulation is updated, and clarified. However, it all depends on the details. If it was just a mere tax reform trying to bring more revenue by raising tax rates on crypto, then it could even negatively impact the crypto space within their country. |
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What a surprise here. Annual ROI of 180% is so obviously unsustainable that the investigation could have concluded there and marked them as a scam straight away.
The scammers are also repeating the same idea that has been done previously so many times in so many scams - which is some sort of a cloud mining, which even if it is legit, it would be completely unprofitable for the actual investors.
It's impossible that they've actually raised as much money as they claim they have. It's probably BS to lure in more investors, imho.
I expect them to pull an exit scam as soon as their ICO ends, which is in a month's time. Hopefully no one else falls for it. Always verify the team before investing in any ICO, I'd say the majority of small ICOs out there right now have fake teams that are yet to be discovered.
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Attempted to purchase an Amazon gift card this morning and was given an invalid code. Transaction was completed using the Telegram chat app (username - Crypto eGift Cards) and cashapp for payment. As soon as payment was made, invalid code was sent and I was immediately banned from making any additional posts to the chat thread where this scumbag is selling. He will not reply to any messages sent his way and has somehow been able to delete posts warning others about his activity from the thread here... 💳eGift Cards[Wal-Mart][Nike][Adidas][Best Buy][Amazon][eBay]+MORE 80% OFF. I was fortunate to have only lost $40 in the transaction as I was contemplating purchasing quite a bit more but am still pissed about the whole ordeal. I have learned a valuable lesson here and want to warn others to stay away from this guy so that no one else is taken advantage of.
Well, there is absolutely no surprise at all that you got scammed by him. He's probably one of the most active scammers on the forum that is still operating today. You should have really been alarmed by the high discounts that he's offering, that no legit seller would ever offer you. That was the first warning sign. Him not going with escrow and asking you to go first was another warning bell that should have went off. Lastly, the stickies in the digital goods section clearly say that self moderated threads and autobuy links should not be trusted. These people lock and self moderate their threads to prevent people from commenting negative things on them. That's not to mention that you should have looked at his trust ratings and instantly turned away from all his threads - he's already been tagged, both from DT and non-DT members. You do have an account here so you can definitely see those. Most people that this guy scams aren't logged in because they can't see trust ratings, but you can. Take this as an expensive lesson. Nothing else you can do about it now. |
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Yeah exactly. Especially with some mining operations potentially turning to self sustained sources of energy, and the growing supply of cheap electricity made possible by hydro, wind, or solar sources, I don't see any reason why we should worry about the energy that the network uses.
In fact, the energy that bitcoin uses has pretty much little to no significance when it comes to the grand scheme of things, on a global scale.
What really matters is how the energy used in the operation of the network is generated.
This kind of reminds me of a thread saying that we shouldn't go cashless because of all the energy we use once all the population adopts it. It's just as absurd as saying that bitcoin's energy use will be a problem when mass adoption occurs.
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I don't really think that there is much prospect of this ETF getting approved in the next month.
We've just seen so many precedents where the details of the proposal are basically very similar, and all of these previous attempts have been denied. There is no apparent reason that can justify why it will all of a sudden get approved this time round.
Anyhow, I think that prices right now may have shot up in anticipation. I don't think that buying or selling with all you got is the best strategy. The markets have matured to the point where they don't particularly care about the ETF being rejected anymore, so prices shouldn't fluctuate that much unless in the unexpected event of an approval. My advice would be to dollar cost average, hold onto your existing coins, and don't panic buy or sell regardless of the outcome.
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Just because there are obvious drawbacks with using credit card including the high fees that they mentioned, doesn't mean that bitcoin will be able to replace people's need for credit altogether. That's just not going to happen, imho. Credit cards are completely different to bitcoin - they are essentially short term, easily obtainable loans, while bitcoin is a currency. Obviously, bitcoin doesn't involve debt whatsoever, and buying goods on the internet with bitcoin compared to credit cards are way easier. But consumers will want credit, which is something that bitcoin itself will not be able to do as it is not a loan service. These two things are simply not comparable. Though in the future, we may see bitcoin credit cards being issued, if adoption picks up. That still doesn't mean that bitcoin has "replaced" credit cards, though. |
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Great finds, OP. Even though the rest of the team are not exposed as fake yet, I would bet my money on all of them being fake. Especially the project advisor, whose pic seems to be fresh off some random guy's social media profile pic. Also ironic how the woman they used was an "intellectual property expert". Lol. Many people use fake team just to get approval by some exchange, it may never be for intention to scam The fact that you're trying to defend them is ridiculous. It's not like we don't know what they're intending to do - they're intending to steal people's money by posting a fake team on their site to gain some legitimacy and recognition as if they are actually a viable investment opportunity. All, and I mean all ICOs who use fake profiles as their team, are guaranteed to be scams. A legitimate project simply would not |
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And I just cannot believe my eyes, a lot of people have panicked, selled their holdings right away, and are just straight up scared with the current situation right now Panic selling is completely normal in a bear market like this. It's not anything unexpected. The same goes with FUD and just bearish sentiment overall within the market. They are both pretty much expected components within a bear market. As long as you don't buy into the panic, you are fine. What people do with their money is completely up to them, and it has been proven time and time again that the sentiment of the market is usually irrational in volatile times like bear and bull markets. The logical thing to do right now isn't to panic sell, but rather to slowly accumulate with dollar cost average as your primary technique. We're approaching support at $5.8k and prices are generally extremely cheap. Holding and buying rationally in anticipation for the next bull market seems like the most profitable action right now. |
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