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I think that you're the one that's misinformed here. Go onto Ice Rock Mining's official site and see for yourself - there is an investment calculator on the front page that clearly says "ROI per year: 321%". If that is true, then it's obviously a ponzi scheme since that kind of returns is simply not sustainable. Otherwise, if this is not a guaranteed return and the actual returns you get is much less, isn't this false/misleading advertising? Either way, they are untrustworthy. Plus, in their FAQ where they attempt to explain how they are able to come up with such huge returns, there is no mention of their investments being not guaranteed. I wouldn't put any money in that myself, if you want to, that's your own money you're risking at a telltale ponzi. |
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In five years from now who would have more gains? I think bitcoin will..5 years of holding to the moon and many dips.
To me it'll definitely be bitcoin. I expect a recovery of BTC prices on a huge scale within a year, and the bull market should come by at around 2020 since that's when the halving occurs, and the most hype is built up for BTC trading. It's not necessarily go as high as the last bull market, but certainly you can expect at least 200-300% gains from BTC recovering from the current value to its previous ATH alone, and that's not taking into account that the last ATH is most likely going to be eclipsed during the next bull market. Berkshire could continue its 10-20% gains per year, which is great. But BTC is still in its early adoption phase, and as such, will produce much better returns. Buffett will regret not getting into BTC early. |
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Can the hike in price of crude oil can effect cryptocurrency market?As these hike also effects on share market.
For there to be a genuine correlation, there needs to be a valid reason. And for oil markets, honestly I don't see any sort of reason that they would be either positively or inversely affiliated with each other. If you would mind sharing your thoughts on the reasons, then I'm all ears. But for now with not much historical data, I wouldn't jump to conclusions of any correlations. All markets are interconnected in one way or another, but if the relationship isn't strong then there will be no predictable correlation. The only crypto that I can think of that would benefit from oil rising would be the Petro, even though this is supposed to be bitcoin speculation, which I don't think will be affected at all. |
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It simply doesn't work. We've been using fiat currency for decades now, and it has consistently lost its value over time. Yet everyone is still able to conduct business with fiat, even though we know that the value of fiat is going to go down in the long run.
The problems of value loss have started to become more obvious in recent years than ever before. The wealthy elite won't suffer any loss in purchasing power with how their returns easily cover the loss in value of their fiat holdings, but that's unfortunately not the case for the regular person. Regulars have one weakness, and that weakness is debt. It's insanely easy to borrow money every month to fill up your gaps, while in the background the value loss of fiat + the interest rates of your loans (short term loans are mostly the worst and most expensive) are pushing you down in the hole even further. It's sickening that a system like this exists. Imagine how more worse the situation will become when we're like 10 years away from now. Debt is the poison of this system slowly sucking the life out of everyone. Precisely. A debt based monetary system simply does not work, when you can just borrow money out of thin air. And you're right, the people that will suffer from inflation aren't the wealthy, aren't the poor, but the middle class, since they are the ones without investments to produce returns for them. There tends to be this notion of fiat being constant in value over time, but this is definitely not the case. Even bitcoin appreciating can be seen as fiat depreciating, as more and more people see BTC as more fit of a store of value. Bitcoin can be as volatile as it likes, but at least I have the peace of mind of knowing that nobody can manipulate it the way the government does to fiat. And volatility is a rather short term concept, BTC shouldn't be that volatile in the long run. |
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I think that during this correction, bitcoin will probably be taken down to test its former $6k support.
I don't know whether or not $6k is going to hold up as the main support level, as strong as it seems. But I think if the market sentiment doesn't shift to more bullish by the Consensus 2018 event, there is a real possibility that we'll see BTC retrace back below $6k.
That's not to say that Bitcoin isn't a good investment anymore, or anything like that. In fact, if prices were indeed to go that low, make sure that you accumulate at these levels. It's almost comical that people aren't willing to buy at those dips with extraordinarily cheap prices when seen in the long run, but are willing to buy because of fomo during a rally.
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I think that you're completely missing the most important economic aspect of bitcoin being a store of value.
With fiat currencies currently being widely adopted, it's almost hard to see where the problem lies with it. But there is a problem, and a huge one, as fiat is not a store of value in the long run. In fact, no fiat currency has ever even survived past a few centuries, let alone retain its value.
With BTC it's different. No central entity has control over its supply, and with the hard coded limits in place, it's a good long term store of value just like precious metals.
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Regardless of whatever the buyback situation currently is with the ROCK1 and ROCK2 token (although I'm in favor of the OP here), I think that we can all agree on the fact that Ice Rock Mining is shady at best as a organization.
They literally guarantee you making over 300% per year off your investment, and I fail to see how that can be done without running a ponzi scheme of some sort. Perhaps they'll just pull off the scam as soon as the ICO ends, even.
If they are indeed kicking people out from telegram, then that's another sign of a scam. But honestly, what's on their site alone and their promises should already be enough to say that it's a con.
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I wanted to check out CHANGELLY and tried to buy some ETH using my debit card. Here is what happened. They charged my card ($100) and after that requested copy of my Passport, copy of my card and a video, where I must read a text provided on their website holding my card close to my face.... I did all that, but they still refused to send me my ETH. Never buy anything and never trade on Changelly, because it is nothing but a HUGE SCAM!!!!
It's extremely inconvenient to use Changelly because of the fact that you will be randomly asked to send a full copy of your ID over. Makes no sense, because they allow you to initiate the trade without any form of ID, yet they ask you during the transaction to provide ID. But your case seems to be different, you did provide the sufficient ID, and they still rejected you? IMO as shady as they are, I don't think they are intentionally trying to scam you for $100. Did they say anything in particular why your identification is rejected? You should PM this guy: https://bitcointalk.org/index.php?action=profile;u=823207 about the issue as well. But overall, Changelly is just a badly run exchanger that I would personally never use. Too much risk involved with virtually 0 reward since rates aren't better than on exchanges. |
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Confirmed that I received payment on time, thanks again, darkstar! BTW, could I request that my payment address be changed to bc1qgx2ld7amg5p6ytf5dh3snwrz5apcvaaegq30mr in order to support segwit? Tyvm  |
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Most of us have been here many times and see it as a good opportunity to buy more.
But I think the volatility is scaring new investors and can potential kill crypto in the long run.
I don't see how these corrections can kill bitcoin in the long run at all. You're right first of all about the fact that these dips essentially are an extremely good time for accumulating some bitcoin at a much lower price than you would have have to pay at the peak of the rally. However, I fail to see why we should be concerned for newbies when it comes to these corrections. Anyone investing in bitcoin should know that BTC is currently indeed extremely volatile, and should be prepared, especially during a rally since the correction can come at any given moment. Volatility of BTC will actually gradually get better as more adoption happens, so I'm not that worried at all. |
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Few days back I was this close to buying BTC when it was around 10k, but halted for some reasons. Now I see the price is around 8.6k and I wonder why the sudden downwards trend! I see no major news out there (or maybe the statements of mr. buffet and gates?). What could be the reason and how dip the price can go?
Warren Buffett and Bill Gates have indeed released some pretty negative comments towards bitcoin, and I think that it definitely has had some sort of negative effect on the value of BTC one way or another. But it's definitely not the only reason, or even the main reason. The primary reason here is probably still just a completely normal correction, after BTC couldn't get past $10k. The growth that we saw in those first few weeks of the rally was unsustainable, and a correction was expected to happen, and was just a matter of time. Even though prices are going down right now, don't panic sell. Instead, this is a great opportunity to load up on cheap coins. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
It simply doesn't work. We've been using fiat currency for decades now, and it has consistently lost its value over time. Yet everyone is still able to conduct business with fiat, even though we know that the value of fiat is going to go down in the long run. Bitcoin is actually better than that, although its short term fluctuations may be big right now, in the long run, it should hold its value unlike fiat because of its limited supply. And the volatility definitely does not mean that nobody can use it as money. The only reason why BTC is so volatile right now is the lack of adopters and merchants actually accepting BTC. In the future, this will change for sure. |
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Okay, what the actual hell? Source of funds is alright, and seems to be common practice now that regulation has tightened up in the EU, but how does my occupation, my net worth, my income have to do with anything that I have to do on your site? Bitstamp is an exchange, not a damn interrogation service. If this is what they are asking you to fill out, I'd rather not have to go through that and give them all my personal information. This is absolutely crazy, and to a certain degree, a violation of one's privacy. |
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Hi guys ,
Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?
That's only a theory, but it could be possible. $10k is just a resistance that is pretty strong, and investors with a big amount of BTC may think the same. There may be shorters at the $10k levels, or even big investors taking their profits because they know that $10k is going to hard to get by during this pump. But is that really manipulation? But honestly, if there is any sort of big player in a market, then manipulation will happen in one form or another, because trades by bigger traders carry more weight on the price, essentially. Question is to what extent, and how they are doing it. |
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Decentralization will be the trend in my opinion. However, right now with most cryptocurrencies and even just decentralized economic projects in general, there is not enough adopters in the user base to actually make any sort of impact.
Once this user base starts to grow, that's when the potential can be realized for decentralized cryptos.
If we're strictly talking about crypto, then it definitely has huge advantages over fiat currencies in my opinion. But the problem is people don't actually realize that there is something wrong with fiat, that it is centralized and depreciative. Cryptocurrencies, especially BTC, can potentially even replace conventional fiat money in the coming decades.
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Imagine that some respectable country would go far beyond legalizing cryptocurrency and start one of its own. It would surely be no scam and it would probably have a strong support, but would there be any drawbacks to the currency and the state itself? Would it get more attention than some of the biggest coins now?
It's alreday happened in Venezuela and other countries, so it's definitely a valid question. In short, no. I would personally never invest or use a cryptocurrency that is issued by a central entity, in this case, some government around the world. I personally think that it defeats the purpose of having crypto in the first place. A centralized crypto like one issued by a government essentially is just fiat or stocks, just hosted on a blockchain. Decentralization is the real future, imho. |
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Like the title says... These theifing scammers will steal your precious Bitcoins once you deposit - so don't give it to them! You have been warned.
Unfortunately, you have fallen victim to a very obvious scam. It is obvious from the get go that this site is nothing but a fraud. They promise to give you crazy, outrageous returns because they found a loophole in bitcoin's system, which is one of the most commonly used cover stories for scams of this kind. If it sounds too good to be true, then it probably is - if they really had this "secret method", why aren't they using it themselves to generate the returns they promise you to make more money, instead of leaking this "secret method"? Hopefully you have learned your lesson, there are plenty of scams just like this one out there in the crypto world. Got to be careful. |
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KUCoin has decided to force KYC for every of it's users. In an attempt to remain as one of the most trustworthy and transparent exchanges in operation, KuCoin will start enforcing KYC checks on users. This measure is to ensure KuCoin remains compliant with the developing regulations in the crypto industry. Forcing KYC was the one of the reason for once number one exchange Bitrex to move down to 7th position at current time. KUCoin is not even in top 30. What will be the effect of such move be on the exchange and cryptocurrency overall? https://news.kucoin.com/en/kucoin-will-enforce-kyc-for-users/It's not that big of a surprise to anyone, because we know that regulation surrounding bitcoin related third parties, especially exchanges, have tightened up drastically in the past few months due to bitcoin's huge bull market back in 2017. They haven't said any withdrawal limit for unverified members so we might still be able to withdraw without verification.
In verification field they are even asking for source of fund which is terrible for any crypto user.
I also have some fund there quite terrified with this decision, this is the reason why all this new exchanges that are popping up everyday are not good for serious trading. Binance is still number one....
That may be the case; however, if they released this announcement, that means that they are looking to tighten up KYC in the future. And that may mean that in the future, you will have to be verified to trade and even withdraw. So my advice is, if you're not comofrtable with providing identification to them and the required KYC info, then just don't use them. Don't gamble on them not asking you for ID. Asking for the source of funds is definitely a hassle though, the proof required is way too much work. |
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Hello guys,
Does anybody know why BTC is falling like a rock within last hours?
If there any specific reason or just a normal correction?
not surprising given the technicals. there was major resistance at the 200 day MA---we basically bounced right off it and crashed. that level, and the $10k psychological price, were too much to overcome. it's looking more and more like we're in a big bearish triangle on the daily chart. this is from peter brandt a few days ago:  Exactly, i think a lot of people actually weren't surprised by the correction and were expecting it to happen. People said that we're already out of the bear market and into the next bull market, which I think is false. Market sentiment isn't that bullish yet, it's just impossible to get enough momentum to actually push us towards a full bull market when the start of the year saw a huge dump from $20k back to $6k. This rally was cut short with the resistance at $10k being too strong, that's the only reason. As I said, I don't see any specific news in the media that could have influenced the price this strongly. |
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I am wondering if there's a huge probability of bitcoin investing will become a company's focus. Like making a company that specializes investing of bitcoins Any thoughts? It'll be hard for a company to specialize in bitcoin trading alone. Perhaps there could be a managed fund offered out there by a big investment banking firm in the future that bundles up bitcoin investments, sure, but it's hard to see an entire company dedicate all of their resources to bitcoin trading alone. If you consider exchanges something of a company that puts their sole focus on bitcoin trading, then that could work out. However, I don't think that's what you mean. In the future as we see more institutional investors coming in, I believe that we'll see established investment firms start to expand their business towards bitcoin as well. However, their old business model will still be there as a backbone for sure. |
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