If someone approaches you, and tries to sell you bitcoin below market rate, then you do need to be careful. Not because it may come from a source that is illegitimate, but because of the fact that he is most likely trying to scam you.

Anyways, to answer your question, bitcoin is fungible, just like cash.

You have no knowledge of what the bitcoin is used for before it is passed onto you, nor do you have the responsibility of knowing what the coins are used for. Each coin is the same as the other, regardless of where it came from. Although there are probably complex blockchain analysis techniques to track these coins earned from illegitimate sources, as long as you don't participate in them, you should be fine.

Just like cash, if the bill that you receive was used by criminals at one stage (which is pretty much every bill), it doesn't affect its value.

How does bitcoin create inflation within any country?

That proposition is just absurd in my opinion. Even if bitcoin's value skyrockets, it wouldn't result in fiat inflation. Fiat inflation occurs usually as a result of the actions of a central bank, like lowering the interest rates, or in the long run, just printing more currency. It has nothing to do with bitcoin whatsoever.

I think that there are a lot of countries whose governments are actively anti bitcoin, and other governments that are pro-bitcoin. I honestly think that bitcoin is gaining legitimacy, and in the future we'll see more countries if not all regulate the bitcoin markets instead of banning it altogether.

From what I can see, there is a lot of things that essentially scream scam on this site.

For instance, what is the company behind FatBTC? There are no signs of this being a regulated exchange. Which country is it even located? Their design of the site is pretty mediocre, which is a sign that they don't put much effort into their site's layout at all. The support button on the right bottom hand side simply doesn't work.

And with all the accusations on reddit, there is really nothing to gain from using them. The 0.1 BTC max withdrawal per 24h for tier 1 verification is ridiculous, and makes the exchange unusuable for large traders. Even if they're not a scam, which they probably are, what's the point of using them? All of their listed coins are listed on other exchanges as well.

It isn't just something that can "possibly" happen, it's what always happened and what will continue to happen with every single fiat currency globally. The reason is simple - its supply is controlled by one single organization, instead of decentralized like gold and bitcoin.

USD isn't money. Money needs to be a store of value in the long run, and USD clearly isn't that, nor is any fiat.

We know that bitcoin is a good store of value, and is decentralized with no central manipulator of supply. To me, that presents a much better place to hold my own wealth despite the popular opinion being that bitcoin is too volatile. In the long term, no fiat ever survives. Not even the USD.

If they don't provide misleading estimated payout numbers, then they simply would not be able to suck in any new users. It's really that simple, and why they provide these wrong values to begin with.

People click on their site, and when they use the calculator to see ' how much they will make', they're greeted with a nice fat number. But when they actually buy their contracts, they'll inevitably and always be in the losses.

Besides, HF has been proven to be a scam ages ago with its management literally modifying mining contract clauses from lifetime to 1 year, without the consent of users. Don't use them.

If you already withdrew the EOS, there is nothing you can do.

The EOS transaction fee is probably so high as a result of them not keeping up to date with the current price of that token. The 10 EOS figure would have made more sense when EOS was under $1, but now that has obviously skyrocketed to a $130+ withdrawal fee which is ridiculous. Unfortunately, if they already sent the transaction, you just have to consider the money to be gone.

For your ZCash withdrawal, though, is the wallet in maintenance mode? If not, then why can't you withdraw? Yobit's support goes without saying is one of the worst in the industry. But anyhow, you'll need yobit to respond to your request one way or another. No magical way to make them do it tohugh, you just have to wait and keep on submitting tickets.

Avoid yobit at all costs, if you can. Even conducting a p2p trade would have been better than using yobit given the risks.

I personally use Nitrogensports. I would probably say that they are one of the biggest and longest operating sportsbooks out there right now, with a pretty interesting community. The odds aren't that bad either. It's my personal go-to sportsbook for any sports bet.

Bitcoinrush.io has marginally better odds (not much different) compared to Nitrogen, and you can go with them as well, I guess. But they are a lot less well known compared to Nitrogen.


I think y'all are talking about DirectBet before they closed down, no? Pretty sure that fits OP's description. They were probably the best sportsbook while they lasted, at least the most convenient.

You don't know. But there is a reason why they have such strict KYC (look at the amount of irrelevant questions that they ask as well), and that is for the sole reason of handing that info to the government to better track you, if that is required. They are after all licensed and regulated, and need to comply to governments.

So don't expect them to hold your info private if requested by any government body, including the tax office.

Whether they are reporting automatically, or only by request, we don't know. But it's safe to say that they won't risk their own existence to protect your information, as long as a request is made by the government.

If bitcoin ever becomes the currency of choice of one particular country, or potentially of the entire world, then obviously people are going to use it differently to how they are using it right now, and that pretty much goes without saying.

Right now bitcoin is seen as more of a store of value than anything else.

If adoption rates increase so much in the future, that the bitcoin market share as a currency increases drastically to outweigh fiats, then it would mean that bitcoin would simply perform the roles that fiat performed in the past. And as more merchants accept bitcoin, it's no wonder that whether transacting or buying other assets with bitcoin as a primary currency will become more prominent.

I think that as a personal user, if you use Bitgo, the biggest advantage that you'll notice is probably just the fact that you'll be able to deposit to certain exchanges without the confirmation requirements, with Bitgo Instant.

Of course, they also claim security benefits, which could be true. However, there were accusations regarding Bitfinex as everyone mentioned, which really taints their image.

Plus, if you're just want a wallet to use individually, use Electrum. Bitgo is really designed for corporate users to integrate and use, with insurance and all that which still isn't perfectly trustless. Safety in desktop wallets like Electrum is already good enough, imho.

I'm pretty sure that right now, you are actually only allowed to use Wirex's debit cards if you are fully verified. The list of countries supported is also extremely small. If you are unverified, you can only use Wirex as a wallet, which doesn't make much sense.

It's for people who need to purchase stuff online, and want to have a more convenient way to use their bitcoins directly, basically.


If you're comfortable with getting verified, then honestly, selling your coins for your local currency on a major exchange would be the "cheapest" or the option with the least amount of spread. But if convenience is a factor, then you can definitely look into bitcoin debit cards such as Wirex.

I'm really doubting whether this is the most needed thing in coinbase right now.

Their customer support last year was atrocious, and as soon as the volumes started to go up, their entire customer support system just completely went to snail-speed, leaving a lot of people with problems unresolved for weeks before any response.

Instead of focusing solely on the security and the amount of coins they are listing, maybe fix the customer support issues that they had last year first?

It's not something that we can simply prefer, and say that this is what's going to happen.

I think that 90% of people here would rather see bitcoin be in a steady, long term growth curve. However, this isn't always the case. It's in the nature of any asset traded on the free market to have bull and bear seasons, where prices spike and cools down later. That's just how the investment cycle works, the pendulum swings from bull to bear and back again periodically.

Steady, consistent growth is what is always desired imo by every bitcoin investor, but right now, we're seeing a lot more volatility in the market. Which isn't really a bad thing, if you are able to take advantage of it by buying low and selling high, tbh.

That's something that no investor should ever do. FOMO buying simply is the one thing that you never want to do, because inevitably you will be left with little options to work with when you want to liquidate your assets.

If these people are actually wanting to sell at near the bottom of a bear market, then all I can say really is that it's incredibly stupid.

Buying high and selling low, is simply not a strategy that works.

$20k will be a matter of time. In fact, when the next bull market comes by, it'll just be a matter of time before it peaks above the previous ATH of $20k. But BTC isn't a magical investment fund that's gonna get you rich, and people don't realize that during the pumps last year. Adoption takes time. Positive media coverage takes time. The conditions of the next bull market takes time.

Correct, Gyft and Egifter doesn't seem to work as of now due to Amazon's new policies. Although I think one person mentioned that egifter had a loophole where you were able to gift yourself a GC, and then swap that GC to Amazon. But it's a hassle, and we don't know if that loophole is fixed. I don't know why OP said that Amazon started to accept bitcoin payments, though.

If you download the Copay or Bitpay app, then you should be able to purchase AGCs natively there still. Since Bitpay is a trusted company, it's your safest bet. You'll probably get a bit less than market rate, however.

If you are willing to take some risk, you could use Paxful to purchase GCs. Put up a buy advertisement for Amazon GCs, and make sure that you filter out all the obvious scammers. You'll get pretty good rates at a high risk of fraud. I personally think that purse.io would work better, since they have this $10k fraud reimbursement fund IIRC, and the discounts are still pretty steep.

You may want to read up on this article: https://gulfnews.com/business/sectors/markets/confusion-reigns-on-bitcoin-trade-in-uae-1.2112365

It's basically accepted practice to trade and accept bitcoin, in the UAE, it seems. I mean, the governor of the central bank itself has said that bitcoin is essentially exempt for the ban on "virtual currencies", and there are still a major exchange in BitOasis operational, which wouldn't happen if bitcoin was banned in UAE.


Legalization and allowing something are probably two different things. Most countries like you said, are negative to neutral on bitcoin. UAE seems to be the same right now. New regulations probably will come soon to clarify these misleading and confusing details.

I have no idea what full screen screenshots are supposed to mean, I guess just make them as clear as possible and as big as possible.

Usually, this questioning process will take a long time and they'll keep coming back with more questions as they just shamelessly hold your funds. I mean, that's literally how HitBTC operates and there is nothing you can do about that.

Just be as specific and clear as possible, if you got your tokens from an ICO sale, then make sure you include all screenshots that can even remotely relate to the token. But HitBTC doing this for just 7 ETH should be alarming for people who like anonymity.

According to this discussion, a person was in a similar situation as you: https://thebitcoin.pub/t/gate-io-verification-for-us-citizens/35858/3.

He was able to get his withdrawal done pretty quickly it seems, and it shouldn't be that different of a situation for you. Therefore, a driver's license should be able to do the job in terms of verifying your account, in order to withdraw. Unless they've changed their policy during that period of time, which is probably not the case. Just upload your driver's license instead of passport.

You may want to still check with support, though, especially if your attempt at that isn't successful.

It is what it is. In these scams, it's very rare that you see funds be reimbursed, so i think your attitude is 100% right in this.

BTW, it seems like that their entire site had a makeover (probably from scammed funds as well), and overall just looks much more professional than previously:



This could lead to potentially more damage to newbies, as most would just quickly glance over the site, see that the design seems legitimate, and proceed to their purchase. Their prices on gift cards are still too-good-to-be-true.

These scams occur frequently, and pop up in different forms all the time. This is just one example. Autobuy links are another one, which also involve you sending funds first for most likely a gift card purchase. Usually, you can tell whether or not they are a scam simply by their prices, but if you're genuinely interested in buying from them, please, do your due diligence. Research about the site, and its reputation, before putting any money in any sites selling you stuff for upfront payments.

Exactly. And that's a problem in itself, as well.

It's hard enough for a competently run exchange to have so many markets to be managed at one time, let alone Yobit, which is completely dysfunctional. At this point in time, I believe that they're just trying to make as much money as they can before everyone jumps ship entirely due to the severe issues that they've got (since they charge a fee to list your coins).

Whenever there is a fork of a coin coming out, you see yobit completely failing. It's actually better to have a wallet in maintenance mode in that case, but they don't even bother putting it in that mode. Instead, all withdrawals just fail, and false TXIDs are given out. It's really a hellhole at Yobit. Unless you think that you can make a quick buck trading these terrible alts that are only there for the pump and dumps, which you shouldn't even be doing, avoid it.