A lower price equals less interest which equals less custom. The payment level isn't relevant. The amount of business they get from it certainly does. Everything fell of a cliff when 2017 popped and it's only picking up in recent times.

https://www.okex.com/academy/en/okex-confirms-all-user-funds-safe-non-withdrawal-platform-ops-functioning-as-usual

They've resumed P2P trading, which isn't really saying much, and the 'buy crypto via fiat gateway' option is reinstated. Anyone know what that is? Since they're saying crypto withdrawals aren't happening still I presume you're buying a nice entry in their database?

https://www.coindesk.com/uk-listed-firm-mode-putting-10-of-cash-reserves-into-bitcoin

Mode Global Holdings PLC, a UK fintech company, has stuck 10% of their cashola in. No mention of figures so 10% might be £100. They're citing lack of returns on cash as a major factor. They did an IPO a couple of weeks ago so maybe want to keep the greed rolling longer.

This particular case is different from a mixer being hit out of nowhere with these charges. If I remember rightly he created this service from the off to specifically integrate with darknet markets. It otherwise wouldn't have existed.

No doubt other mixers are effectively doing the same thing but that strain of user is seeking them out. They didn't solicit them. Those mixers could argue they have no control or interest over whose coins turn up. Not sure how far that line of reasoning would go of course.

It's little to do with the time of year. It's about the boom/bust cycle and returning from its doldrums which is what we've been doing for the last year or two. You weren't going to get an uptick in sept/oct 2018.

There may well be hay to make for the next 12-18 months. Then it all goes tits up and back to sleep again.

This was going to be one of the places I got rid of my varying shitcoins. After this absolutely no fucking way am I doing it. This is amateur hour to the max. I always knew he was a willy but creating the circumstances where something like this can happen adds another 7 inches to it and Peyronie's.

Yes, but it's also unsurprising that those two would get caught up with eventually. I guess everything DCG has much more of a whiff of legitimacy but even so this is far away from being a risk free option.

I've not kept up with similar options but they seemed to be chopping and changing rates and limits on an extremely regular basis. The mechanism underpinning the interest payments is not going to be static in the slightest. This isn't the type of thing you'll be able to leave for a year and find everything as you expected on your return.

www.luno.com/blog/en/post/introducing-the-luno-btc-savings-wallet

Luno were bought by Barry Silbert's crew a short while back and it looks like they've tied this in with their big willy lending to traders. I still don't get how they manage a consistent return considering how useless most traders are, even the fancy ones, but there you go.

Are you tempted by 4% a year? I am not. This does state that you're opening yourself up to counterparty default and there's got to be plenty of them at some point.

There's no such thing. You'd be asking them to provide a service no credit card or other payment company offers. They all allow charge backs of a sort.

The only way it would be possible is for the merchant services company to personally pay for all the charge backs themselves. They would be in business for around 5-10 minutes.

You could investigate bank transfers. In some countries they're not reversible.

I completely forgot that their OTC section is named Genesis Trading. Grayscale is their daddy.

https://genesistrading.com



Yes. A lot of people do not seem to differentiate between OTC and P2P and others. They're very different and usually an awful lot crappier. OTC should have a proper broker somewhere in the mix.

I'm not sure I really cared about guff like this when I got rolling in 2013, and it was the majority view by quite a way back then. These days it's plain quaint.

As ever, actions speak louder than words and anyone swayed by this need only look at how Bitcoin is acting, not how rando piggies are squealing about it.

There's Grayscale, Cumberland Mining and B2C2 as well.

I'm sure there are quite a few others most people have never heard of. It's kind of odd how quiet they all are. There must be coin heavy people throwing away money on slippage on exchanges unaware of these places.

Yup. Reminds me of when Gox went down. There were people with the actual gall, or delusion, to say it was 'too big to fail'.


One autist on a beach ball is on a par with HSBC?

If you're thinking about trading then that's a whole different area of study and mainly about psychology, both yours and the market's. By all means read up about crypto too but the really important stuff regarding trading has little to do with its specific ins and outs.

I've been signed up for them since forever. I'll never use them again. I've heard waaaay too many stories of people being asked to 'kindly' open their urethra to a couple of metres wide so they can have a look up there and hand over info most government agencies couldn't legally access.

I've run trillions of dollars through stock brokers. I've never had to provide more than address and photographic ID. Why the fuck should I give any more to a bunch of anon Slovenians?

There are better options out there.

I'll bet a huge proportion of the problems are people forgetting to... turn the VPN on sometimes.

You often read about people having their Coinbase accounts frozen when they try to log in when they're legitimately abroad, let alone pretending with a VPN. I wouldn't do it myself but I know people don't have a choice in some places, even then I'd very hesitant to do it.

You're also 100% dependent on the VPN company being up and on the ball. Everyone has a wobbly moment every now and then.

All the shitforks I had in Coinomi including Bitcore are now goners. It offers the private key to extract. That didn't seem to take very long. I can imagine this is going to happen time and again.

I had even more shitforks on Bitpie/Bither and they dropped tons with no notice at all. Events like this may well spell the effective end for stuff like this. No one is going to bother with 10-20 unknown core wallets apart from a handful of freaks. The only alternative is an exchange and they're just as likely to kill them off. 

Pathetic that these moves can drop prices. And pathetic that people think just because something hasn't moved for a while it is guaranteed toast. I have txt files with 15yr old wifi passwords still stored away. Why would I throw away anything Bitcoin related from back in the day?

I'm sure a ton of coins are lost. I'm sure it's not the ones we expect them to be. If you were an early miner you're likely to be a pretty meticulous and committed noodler. If they'd all been pissed up beauty therapists then maybe. I do not believe they were.

The ones advocating universal basic income. They know that if something isn't put in place then it could get a little messy.

https://www.theguardian.com/technology/2016/may/16/universal-basic-income-equality-tech-silicon-valley

I don't really see how hooking up the world's arsehole to its mouth is going to keep it chugging along but you never know.

There's always been something eating jobs and humans have always adapted, however I do wonder if this is the big one. If a machine can replace a human then it will, no ifs, no buts.

Businesses are not there to keep employees fed and busy and just like the dawn of the internet there's no way of knowing how far this will go. It's probably going to go vastly further than most expect.

What's different compared to the past is an uber mobile and uber powerful global elite who'll control all of this. Even a few of them have acknowledged they may end up dangling from a lamp post. They're going to do it anyway.