It's literally a site that is hosted on a free domain name, with a pretty generic template that they probably grabbed somewhere for free. No effort or monetary investment in a domain name has been even made by these scammers to make this seem realistic.

They just flat out claim that it's a bitcoin doubler, which is pretty much synonymous of a scam right now.

If they really had this method of doubling bitcoins, why not keep it secret and use it themselves, instead of offering you this 'great' investment opportunity?

If that's still not enough proof to you, then just look at their recent payouts. You can see that these TXIDs don't even match the time at which they claim they were sent.

I would personally not demand for exchanges to pay interest, simply because of the added risk that comes with it. There is simply no direct correlation between the amount of money people deposit with them, and the amount of revenue they are able to generate. It makes no sense, since people storing a stagnant amount of bitcoin on an exchange doesn't mean that they will make more commissions. To generate interest, exchanges would be even more compelled to run a fractional reserve scheme.

That said, I would never keep my bitcoins on an exchange as a form of storage.

I would very much rather just store my bitcoins trustlessly, keep it on a desktop wallet or even cold storage, and get rid of all counter party risks this way. Bitcoin is different to banks in that regard, there are no concerns with fractional reserve banking.

I really doubt that it's got anything to do with Outlook having issues receiving incoming mail, however, it's possible and you can never rule it out. You're definitely not the only one that has this issue though (even though my experience has always been smooth).

Just look at this thread: https://www.reddit.com/r/binance/comments/7ajr0j/verification_email_not_arriving/

Seems like the person having troubles got their problems resolved by contacting Binance's support on reddit. If you can, make a thread on Binance's subreddit, and hopefully someone can help you manually.

But before that i would recommend you contacting binance support the normal way, through their support tickets, mention that you already tried whitelisting the email addresses and made sure that your email client is working fine, and ask them to help you manually verify the withdrawal. Getting your funds out right now is the biggest priority.

That's why I think bitcoin is such an interesting investment, and also a very attractive one for the long term holders.

Bitcoin is simply independent from any financial system, which is something that we don't see at all in other investments. It is also decentralized, and there is a limit on the amount that can ever exist. Not to mention that it is one of the most fungible currencies available due to its anonymity.

I wouldn't say that world debt hitting an ATH will have a direct positive impact, but in times of economic difficulties, as we saw in Zimbabwe, Venezuela, Argentina, etc., Bitcoin would be incredibly useful in holding its value, unlike the fiat currency. That's why I'm personally invested in BTC.

I'm not aware of any crypto business that actually actively calls their customers to promote their products. It's simply not something that is done very often. So if you do receive these calls, do verify the legitimacy of what they're trying to tell you, before believing them.


Exactly, that is my question as well.

You have to link your phone for verification purposes when you sign up to Bitmain, but other than that, they don't really use your phone for anything. It could potentially mean a leak of customer info on Bitmain, or other crypto sites, and the scammer is just going around to call the numbers in the database.

Nope. All we know is that if you trade too often or with too much volume, then you will be asked for identification. We don't know where the threshold is for trading volume, or what algorithm they use to determine if you're a "significant volume" trader.

I think every user also had to agree to these terms a few days ago, before they can access LBC's services.

Anyways, EU regulations seems to be tightening up and will probably continue to do so. The small space for anonymity that currently exists in small traders on localbitcoins could potentially be gone in the future as well. Though now, competitors in the p2p trading scene will enjoy a lot more volume, although they too will eventually have to face regulation.

The price index on exchanges are basically the last price that a coin is traded at.

If you are trading bitcoin on an exchange, then selling a big amount of coins by dumping it onto bid orders will cause prices to go down considerably, since there are only a limited amount of buyers at each level. If you're trading p2p, then you agree on a price beforehand and don't actually affect the orderbook prices on an exchange.

Apart from this, a rumor of a big selloff of known coins (such as the Mt Gox coins) can cause panic around the market and even lead to a panic dump situation as well.

It'll be extremely hard to track these coins down. Even if you did get in touch with Binance's support, it's relatively unlikely that they are able to identify the particular user account for you. Firstly, because it could have been anyone's binance deposit address, not just the scammer's. Secondly, because of their privacy obligations that most likely mean that they can't share sensitive info about their customers. And of course, you can't really prove that you are hacked simply by showing a tx.

I tried to search up both addresses, and came up with nothing of value.

The chances of tracking down these stolen coins are extremely slim, imo. You could continue to do it if you have the time, but I would personally invest it into securing my wallet for future storage.

I personally haven't experienced complications like this, probably because that I don't even cash out that often. But I have heard stories of people getting their funds frozen or accounts suspended because of crypto related transactions, so this is an extremely real problem that will only develop to be worse in the future.

Obviously, we all would like bitcoin to be running smoothly and accepted alongside the fiat system, but I think that KYC and restrictions around crypto use are only going to get stricter in the future.

Obviously this impacts bitcoin negatively, but I think that alternatives will soon develop once this problem becomes more prominent, such as decentralized exchanges, or simply more people trading bitcoin directly for goods. The restrictions can only hit the third parties that involve bitcoin transactions, and not bitcoin itself, so there is a lot of room for the bitcoin ecosystem to work with even if things become even more restrictive, imo.

This guy has already been tagged, so obviously he was going to be scamming at every chance he gets.

Autobuy links is a topic that has been covered over and over again. I think it's agreed enough now that all sellers using autobuy links should at least be treated with caution, if not regarded as a scammer outright. There is simply no reason for a legitimate seller to use autobuy links, let alone self moderate and lock their threads in order to escape negative spotlight.

Do research before you buy, and you will avoid 99% of these scams.

Also, merits are not indicative of trust. Ultimately it comes down to his trust score, instead of his merit score. He could have simply sent himself merits, or made quality posts that does not necessarily mean that he's trustworthy. It's as simple as that.

Also from the same article:


Ultimately, if your goal is to simply retain value over the long run then a portfolio that looks similar to this model could work. However, you are definitely not going to be profiting the maximum that you are able to if you were to be able to take advantage of market cycles as well.

I honestly don't think that 30% in crypto is that big of an issue, provided that you diversify properly and pick your investments wisely. With the other sectors, I do suggest having some more precious metals (diversify between silver and gold), and also stocks & bonds. This kind of portfolio isn't going to make you crazy profits since if one sector goes up, it essentially hedges against all the rest. So don't expect massive returns from it at all.

Sorry to hear about your losses.

I did a quick background search on the site, and it came up with absolutely nothing positive. All the reviews seem to be pointing to the direction of it being a ponzi scheme, and its apparent parent company in their "about us" section, "PB Investment Ltd", is nonexistent upon searching.

These are all warning signs, along with the fact that they literally are giving you 60% discount on their "full pricing" on 1 year bitcoin contracts. Quite unrealistic.

Tons of scams are posing themselves as cloud mining sites right now, and honestly even if they are legit, they won't make you much of a profit (and you will never know if they are actually mining for sure). Not worth investing in either way.

Bitcoin isn't designed to make people rich overnight. The gains that bitcoin has made is merely a byproduct of the fact that adoption has been increasing drastically over the past few years.

And from a purely trading point of view, there is simply no chance that bitcoin is going to continue to go up consistently over a period of time. That's completely illogical. Cycles are going to happen, and right now, it just happens that we're in the bear phase of the cycle.

I actually see a lot of people panic selling right now as a result of the decreased prices, which doesn't make any sense. If you truly believe in what bitcoin can bring as well as its potential in the future, then you shouldn't even be this concerned about the short term price movements, unless you're looking to accumulate.

I think that it can probably go as low as $6k again, which was the bottom for two previous dumps (one in early February, and one in March). That level seems to be the level with the most support right now, and I think prices would correct upwards once that zone is hit. But if you want a definite bottom, then I think prices can fall to a minimum of $5k.

I believe though that unless there is something majorly positive about bitcoin in the media that is able to reverse the overall sentiment of the market altogether, prices probably aren't going to be recovering in this quarter.

Late Q4 and next year are going to be the main bullish points to look at, not right now.

I don't think that this is the reason.

Let's just assume that the selling off cbitcoins in order to pay capital gains tax theory is actually true. Even if it is true (which I doubt), it's unlikely that so many people would be selling so many coins at the same time to crash prices.

I think that the ultimate reason is that we're just in a bearish sentimented market still, that's all.

The pump was simply brought down by a stronger resistance at the 5 figure mark, along with the fact that the bull market is currently still far away. It's most likely got nothing or very little to do with CGT or whatnot.

Speculation is a huge part in the bitcoin market right now, but is it really something bad that we need to be concerned about? I think not. Speculation can move prices both upwards and downwards, and it doesn't necessarily always have to be downwards.

And also as exstasie mentioned, a lot of the times, what really influences the prices are the current sentiment in the market, not individual pieces of news coverage.

Right now, we're in a bear market, which means that naturally traders will have the tendency to feel pessimistic about the market movements in the future, causing the downward movements that we see right now. It's part of how prices naturally moves in cycles, it's not anything negative.

Binance is alright for now. They are probably the most trusted exchange at this particular moment, and currently they do offer an unverified account with acceptable limits. However, we have no knowledge when this policy will change.

Also, just a heads up, with shapeshift/changer.com, you're only losing a little. I think for the convenience and anonymity, it's worth it. You might want to give it a shot. Don't use changelly though as they can ask you for ID, and has done that in the past.


I honestly don't know about Cryptopia, as they had deposit issues with GBYTE in the past and has a generally slow support. I think that for OP's purposes, having 2FA is alright.

My legacy account is now frozen as well, thanks to poloniex's new policies.

As to the face image, I guess it's just becoming industry standard as more and more exchanges start doing it. No way around it, really. But I'd rather use another exchange than have to provide them with this, tbh.


Exactly. This is what I don't get.

Why is there a timeframe on which you have to complete verification? Not everyone is able to complete it by that date. I don't think that there are any particular consequences that they have listed, but that is sure as hell scary.

The only reason that anyone would use yobit at all is if they want to trade the tokens of beyond shady projects, that are not able to be listed by other exchanges. And this isn't something that anyone should be doing, anyways. It's way too risky, and the founders of the project most likely will manipulate the prices. So all in all, it wouldn't make a lot of sense for anyone to use yobit to begin with.

What you experienced has been the case for countless others. You can be assured that it's not just you.

Pending deposits/Pending withdrawals, not to mention the fact that they're unlicensed and offer a ponzi like investment scheme (investbox). It's good that you've made the move away from yobit, and I urge everyone to stop using it. Get your money out when you can.

It's probably not a good idea to order from Purse.io at all. I just wouldn't take the risk, as the buyers on there, especially for large orders, probably are using fraudulent gift cards to order your goods, and it's you who gets into trouble because that's the address the goods are shipped to. I know that it's a risk that has a reward, but I wouldn't risk my time and getting investigated by police just for a further 10% discount on my prices.

Copay, which is owned by Bitpay, seems like the only "safe" way.

You're ordering from a company that processes billions of dollars in transactions, so the only risk would be them not responding to you  if you have a problem, which is unlikely since this is completely automated I believe.