https://www.coindesk.com/bitcoin-bounces-back-from-sudden-dip-eyeing-move-to-8400/After dipping slightly below 8k, Bitcoin seems to have bounced back over easily today. This is huge as many were concerned that that it would struggle to find support at its highest point in a while. Everyone should be expecting a minor step below 8k anyways. This is just a minor correction as is normal with this type of growth. This will be a good time to load up and play along with the natural growth cycle. Good Luck Traders, The Elysian Team I wouldn't say that it's the best time to load up right now, because there is still a prospect of a correction swooping in all of a sudden. It's not rare to see this kind of rally in a bear market, although they are usually short lived. However, the signs for another pump is here. $8k support, as you mentioned, is established pretty thoroughly. We can see that since price rebounded within a day of it dropping below the $8k mark and is now making its way back up to $8.2k. The major hurdle here is $8500, and if that is hit, it is a signal that BTC will most likely go over $9k in the short term. But as I've stated before; I don't think that $6k is going to be the true bottom of the bear market and there is going to be a big probability we are going down further in this overall bearish trend, even though we are rallying hard right now. |
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So I guess my questions are:
WTF are they playing at?
Are they always so slow?
Do they normally ignore customer support tickets?
Am I the only one that has problems with them?
I wanted a reliable, legit exchange with good, responsive support - am I wasting my time with Polo?
Thanks.
If you really want a reliable, legit exchange with even an OK support, you're looking entirely in the opposite direction with polo. Even after Circle buying them, it seems like they have made no progress. Their customer support has been going downhill ever since the start of last year. First their support stops responding, then they remove the poloniex trollbox, and then there were a whole lot of issues with ID verification. They are slow. One of the worst exchanges out there available to use that people actually still visit. |
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Since i regained access to my localbitcoins account, i gave them id and my account was on forced holiday. Im being asked again to give id to remove the forced holiday off my account. Why do they keep asking for id, once is enough
No idea why. If you had already verified your account once, then they wouldn't need your ID a second time since all of your personal info would already be stored in a database owned by them. I've never had this issue myself. The only time they asked me to verify was after they implemented the rule that if you aren't verified, you are not able to actually put out any advertisements. As sunsilk said, it's better to consult support about this, even if it means waiting a week for a reply. It's most likely a mistake on their end, tbh. But LBC does have a lot more complaints about ID verification these days, seems like they're really tightening up as well. |
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Great analysis. I think that the $8.3k resistance is a level to watch for. We've now tested this level twice, and we'll see if BTC can breach it today as well. If BTC reaches or exceeds that level, it will most likely signal much greater growth upwards to the $9k resistance.
I don't think that we'll be looking at a regression back to under $7k any time soon, however, it's possible come correction of this pump that BTC does go that low.
I personally expect this rally to go to around $10k, then see a big correction due to downward selling pressure of the bears, before another period of bearish market activity. The main recovery isn't underway yet and probably won't be for a while.
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Hi everyone, i was looking for Bitmain coupons discount and came across a thread on this forum about BitProducts.
I was just wondering if anyone ever ordered anything from this merchant and if it's legit? It seems very shady and selling cards at 50% of their value sounds shady.
Thank you for your input.
Nobody legitimate would ever sell you an amazon gift card for 50% face value. Either they are just going to get you to send BTC or other irreversible payment methods to them first, then scam you; or they will send you a carded/fraudulent AGC that will get you into trouble and/or doesn't work at all. They're selling ebay gift cards and bitmain coupons at similar discounts. There is no way their business model is legitimate/sustainable. If the ebay gift cards were legit, they could literally buy bundles of cash or bullion to make much more than selling it to you at such steep discounts. They're also selling bitcointalk accounts, another sign of shadiness. Avoid this site, most likely, they won't even deliver the promised goods to you. |
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Hi guys,
I accidentally created my investment plan through [create new plan] on yobit investbox, and I'd like to cancel it. Does anyone know how to cancel the investment plan on yobit? if so, I would appreciate that a lot!
Thanks!
Go to https://yobit.net/en/investbox/ and see on the right hand side column, you should see "my investments". Unless they have changed the terms which I don't see any, you are able to close your plans at any time. There should be an option for you to get your plan closed, and all you need to do is click that button and you should get your balance credited. Although, you'll not get the interest if you haven't invested for 24h. But please don't invest anything into yobit's investbox, it's most likely some kind of ponzi that is run by yobit. They claim that it's for the devs to promote their coins, but I doubt any devs would put their own money up for grabs to promote already successful coins such as BTC. They're offering just an absurd amount of profit, which resembles a ponzi scheme (although not confirmed). |
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So I've been thinking about the use of cryptocurrency in the real world. Because of it's current volatility, nobody seems to be willing to spend any crypto now other than for purposes of ICOs it seems?
Before BTC boomed, we hear the story of the guy spending 10000BTC on 2 pizzas. This was BTC being used in it's intended form.
Currently, BTC is only used as a store of value, which leaves other alts. From what I see in other alts, ethereum is spent on ICOs where the trade is one coin to another type of coin. Other than that, nobody advertises accepting payments in other currencies NOR do people seem to want to spend their cryptocurrencies on anything other than something that yields a profit.
So, the question is really about adoption. How do we expect cryptocurrencies to be adopted as valid payment methods when everyone is really using them as investment stocks? Will we only see proper adoption once the current greed and "quick buck" mentality subsides?
If things continue the way they are, then cryptocurrency will always and forever be destined as store of value assets and not really a currency that can be used in the real world?
There is currently simply not enough merchants accepting bitcoin for people to spend it. No retail stores accept bitcoins still, for example. So even though you can cash out your bitcoin to fiat first, that's not spending bitcoin directly. That's a problem. But even a bigger issue is the volatility of bitcoin. Bitcoin is so volatile that all merchants are forced to convert BTC to fiat at point of sale, which defies the purpose of bitcoin. Bitcoin is definitely a long term store of value, but should also be considered to be a currency in its own right. It's not just an asset that holds your value (even though, it does). Once the markets mature, bitcoin prices stabilize somewhat, and more merchants accept BTC, adoption of BTC as not only a store of value but also a currency will come naturally. |
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It could well happen. But ultimately, this is just a piece of speculative, opinionated news. But whether it actually becomes reality or not, I think solely depends on whether or not the current rally will turn into a full blown bull market. I would not say that it will happen though. There will be very strong resistance at the $10k level and above $10k, and I don't see the market sentiment shifting to ultra bullish fomo buying in this short period of time. Consolidation is going to be the main theme of the year. And it's almost impossible for prices to increase drastically like it did last year when bitcoin is still consolidating. Sure, bitcoin could be above $10k by the end of the year, but $25k is quite far fetched. |
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heres some of there responses:
"You recommend that you change the browser login website to try it, and suggest that you do not click to get the verification code frequently, you can check whether your mobile phone set a short message interception limit"
"Sorry, no, you need to click on your money in your account to add your address.It is suggested that you check the spam of your mailbox has been received, GA is your own binding, if you forget to provide the UID and your account binding mailbox and cell phone number, and handheld certificate photos for you to remove GA, you can be re bound to withdraw money in the back."
they dont even make sense, i know theres a language barrier, but it seems like theyre telling me to check to make sure my email is not going to spam?? i am putting all the codes in from my phone/email, i even sent htem pictures of the error as well as all the codes typed into the withdrawal thing, to me it seems like they dont know what the f they are talking about at all
i am getting mixed messages from these clowns, some seem to act like i need to be verified, and others act like i dont, its impossible to get a definitive answer from these people.. has anyone here withdrawn from huobi pro recently without being verified?
I have no idea what the support is trying to say either. The first reply seems to be suggesting that it's an SMS verification issue, but the second seems to be saying that you need to provide some kind of verification in order to withdraw? Both don't make much sense. Could you take a screenshot of where the error of you not being able to withdraw occurs? Does it prompt you on the withdrawal page to perform any particular actions like getting verified, or no? Also please take a screenshot of the Huobi support saying nonsense to verify that it's true, if their support is this incompetent, then everyone needs to be warned against using them imho. |
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On 13 January 2018, I bankwired US$10,000 to CEX. CEX rejected the bankwire stating the reference number was incorrect and told they would refund my amount.
Till 17 April, over 90 days, the amount has not been credited.
Despite several followups with CEX, they have not provided any proof of attempt to transfer my money. Everytime they have responded with "please be patient", "our Finance Department is working on this" or "the issue will be escalated".
My bank in the UAE told me that CEX's bank in Poland has confirmed that CEX account is blocked due to prosecution decision. To me it's irrelevant. All I need is my $10,000 back in my account.
Your assistance is highly appreciated.
Account #: up108984857
I would recommend letting this person know about the issue, and hopefully he is able to resolve it for you directly. If you are not able to PM him due to newbie restrictions, then post on their thread: https://bitcointalk.org/index.php?topic=318010.0CEX has had a lot of issues with fiat withdrawals in the past, so they've definitely got a history with this kind of problems. They most likely couldn't transfer the money because of the fact that their bank account has issues, even though I don't know if that's true or not. In that case, they'll have to sort out the bank related issues first before they can send you anything. BTW, why not post on your original account ( https://bitcointalk.org/index.php?action=profile;u=1446150)? |
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Absolutely disgusting to see this happening.
They have no shame either, the team literally just took down the entire site, and replaced it with an image to mock the victims. I don't know if the twitter profile is actually the founder himself, or just an assumed identity with fake pics.
ICO ratings should not be trusted, they don't take into account the fact that the project can be a complete and utter scam, they only evaluate how good the idea is, and that is quite biased anyways.
ICOs are a dangerous place. There's a ton of ICOs out there trying to get your money. Don't trust strangers just because they've got a sick looking site, and a team of "experts".
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Fiancia bounty thread: https://bitcointalk.org/index.php?topic=2881283.0If I understand this correctly, they are saying that in order to prevent abuse of their bounty campaign, they are going to simply change the terms and conditions of the campaign, ask all bounty participants to contribute at least 0.1 ETH into their ICO without any reason whatsoever, and say that it's a good deal for them. This is how they justify it: The real bounty hunters should not be reluctant to participate because after the sorted list each bounty hunter will be able to cash out minimum plus 500 USD equivalent FIN coins against just 40USD (0.1 ETH) contribution. Now rest is on them. Have you ever mentioned this requirement when people joined? If the answer is no, then don't force KYC on them. They're doing work for you, you accepted them without KYC. Now they're asking them to invest in your shady ICO just to claim their pay? The only way I can justify your actions is if you're just trying to get more funds before pulling an exit scam.  |
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OP, what did support say to you? Did they say that they require your account to be verified, or was it something else that triggered this suspension on your account? Please provide as much info as possible. i have email, phone and 2fa verified on there, i am uncomfortable giving sketchy websites like this one any kind of identifying information.. i was able to withdraw just fine a month ago, so why do they want that information now?
they seem clueless and incompetent, i dont know if i am willing to give them any kind of ID stuff.. is anyone else able to withdraw from this dump without their ID in?
Exactly. And that's something that I absolutely hate about certain exchanges, they don't give out any warnings that you need to get verified when you sign up, everything is going well, you deposit a big amount and all of a sudden you can't withdraw anything. At least give out a warning at the start, and don't let people deposit unless they are verified. |
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Finally a response:
"Hi __,
We are sorry that our product and service has not met your expectations.
As a result, we are acknowledging this correspondence as a formal complaint. For your records, this will be filed as Complaint #794250. I have escalated this to a manager so we can properly address your complaint. You can expect a follow up here within 10 business days.
Best,
Poloniex Support Team "
So did you receive your withdrawal yet? It would be quite funny if you haven't received any coins yet, which I think is the case. Support's first message back at you was telling you to wait some more before they resolve the issue. And that's coming 20 days late. What a joke. According to https://coinmarketcap.com/exchanges/volume/24-hour/, poloniex's volume is 16th out of all exchanges. That used to be #1. I guess it shows that their incompetence on the support end is driving a lot of whales away as well. I'm certainly not using them to exchange anymore, it's way too risky. |
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Hashflare is a confirmed scam, first of all. They reduced the length of customer contracts from lifetime (which wasn't really lifetime in the first place, as when profits didn't cover maintenance fees, they would terminate) to 1 year, without consulting any of their customers.
Genesis is probably legit, but nobody says they can't be doing fractional reserve mining. Even though they probably are mining there is no guarantee that they are paying out the right amount, or have the promised amount of miners working. The contracts based on most reviews are definitely not profitable by any means.
Bitforx is new, and unfortunately with no history I just wouldn't trust them with that much money. Plus, there is no reason that they will perform any better than their predecessors.
Just avoid cloud mining. History have proven that it is unprofitable and that's not even mentioning the risks of them running a ponzi or just scamming you.
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Yep, hero members can be scammers too. It's obviously that nobody is going to get the promised $450 bonuses, and it's just a ploy to get sign ups to their telegram channel. Once you sign up to their telegram channel, apparently they try to scam you by telling you that you can send them ETH in return for VEN tokens in a "selfdrop": https://bitcointalk.org/index.php?topic=3343158.msg35003114#msg35003114. Basically, sending them money that you will never see again. They're obviously not the official VEN team, nor is this airdrop official. Whole thread is just to attract more victims to their "airdrop". Never send funds to random people no matter what the purpose is, thinking that they will return with a much larger amount to you. |
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So normally exchanges divide wallet to Hot and Cold. Right?
Then for small withdrawal request from users, exchange's Hot wallet automatically process it,
and for big amount of withdrawal request, exchange's admins manually screening it and send from Cold or other wallet.
If this is right, then normally how much BTC (and other Alt-coins) exchange divide between Hot and Cold, how is their ratio?
10%(Hot) / 90%(Cold)? or?
Yep. Hot wallets facilitate normal withdrawals and cold storage isn't normally touched unless the hot wallets needs replenishing, or there is a very big withdrawal that needs manual approval and hot wallet alone doesn't have enough funds. According to https://support.bitfinex.com/hc/en-us/articles/213892469-Bitfinex-Security-Features, Bitfinex claims that 0.5% of their coins are in hot wallets and around 99.5% are in cold storage. Of course, these figures can be inaccurate or exaggerated to make them seem more secure. Coinbase claims that they store 98% of customer funds offline: https://www.coinbase.com/security?locale=en. Again, nothing verifiable but it shouldn't be that far off from the accurate figures. I would say that anywhere between 80-99.5% would be normal depending on the size of the business and the frequency of withdrawals, as well as their business model. |
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I think I also received the same email. Didn't bother clicking on it, though.
You're right. You should never ever share your private keys with anyone. Doing so is giving away possession of your coins. Coinbase is a hosted wallets anyways, they should never ask you to import your wallet mnemonics since that's just not a part of their business.
These phishing sites are really affecting a lot of bitcoin users, new bitcoin users in particular.
Just be careful. Save the wallet/exchange's URL that you normally use to a bookmark, if that's possible. Or, just type it in. Don't click on any ads/email links that you don't know of or suspect of them being phishing sites.
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Tried to open an account and was greeted to this message.
"Due to several major exchanges closing their doors to new registrants, we are experiencing a surge in new sign-ups. In some cases, profile verifications may take up to several weeks. We thank you for your patience."
I was able to complete the process and a message indicating that an email will arrive to finalize the process. It has been almost a week and no email has been sent. Has anyone else experienced this?
Well, they always had issues with customer service. Previously the issue was that customer support tickets weren't responded to on time, and now it seems like they are still understaffed on the account verification end of things. It's not surprising to see that, when they can't even respond to tickets on time. All you can do is wait for them to complete your verification. Since you're not a legacy account holder, you're not going to be able to withdraw any amount of money without being verified. I wouldn't really recommend using poloniex though, only use it if it's your only option. Even though circle has bought them, there seems no sign of progress in regards to customer service which they have a bad rep for. |
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