The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD
i don't think the fake transactions have any impact on the price of it! They r just trying competing with each other with the trading volume! Many transactions = people are interested in Bitcoin and they keep buying Few transactions = no interest in Bitcoin and they are selling It is like a fire. you have to put some wood in it if you want to keep burning. The wood is the fake transactions. Imagine that the exchangers will show the real transactions. 1/10 from what it is now. The people will be no longer interested about this business. |
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Bitcoin price is going down. When the price will reach 1 BTC = 100 USD, the miners won't be on profit and they will stop their working.
Seems like a reasonable floor. I'd take it to re-buy in. there are people who talk about 10 USD because nobody is buying at this time and there are no BIG stupids whales anymore  |
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The chinesse exchangers(OKcoin, BTC-china, Huobi, LakeBTC) will try to manipulate the market for another few days by using a lot of fake transactions(as they always did) and then....under 150 USD
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there are no other big whales to put money in this bubble called Bitcoin. the most of them realized that the opportunity has gone.
Bitcoin = 1 mil users less than Zeek Rewards even Bitcoin has a lot of buzz in media because of some "trumpets" who are direct interested in this biz.
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yes. it will go under 150 USD very soon. many people are selling, they are sick of hacking and other similar stories.
Also, the average people cannot mine anymore so Bitcoin becomes drab.
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Bitcoin price is going down. When the price will reach 1 BTC = 100 USD, the miners won't be on profit and they will stop their working.
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That is kinda sad really. I thought of BitPay as the next Google or the next Facebook. The layoffs could be a sign that they are no longer growing and that interest in BTC is starting to shrink. I certainly hope it doesn't turn into merely a fad. Who knows what the future will bring for BTC and maybe there will be a positive effect later on for BitPay.
Whatever the reasons, only three days ago it was espoused that good people were far and few between, thus important to retain them. Something changed over the weekend. https://www.youtube.com/watch?v=_62Rv7R1jcYOn a side note, BitStamp stated that only 1% of their customer's money was hacked, for the other 99% is in a secure cold wallet. Think about that for a sec. BitStamp is holding ~$500,000,000 USD of other people's money, for they've just declared that it's not theirs. How is it that there are those who say that we should be responsible for our own bitcoins, but they also declare that the third-party entity, BitStamp, is mmmkay to hold $500M USD worth of bitcoins? Hell, even Tony mentions in the video I linked above that lessons were learnt from Mt Gox's debacle. The only lesson I see learnt is to not let an entity hold $750M USD worth of bitcoins, but only 2/3 that total. The ONLY saving grace is that BitStamp in located in the US, thus there would be some recourse if things go sour. Do you ever think that Bitstamp can fulfill a selling order of...let's say 100 MIL worth of BTC? Let's get real. They must have these money into their bank account first. What if the BTC price is going up at 2000 USD? How would they have "billions"? Someone must be very "innocent" to keep his BTC in an exchanger. |
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Has anyone else experienced screw up with the Coinbase site lately?
I have had some issues. Primarily the return of sent transactions. Me sending to about 5 people and 1 coming back a few days later, addy correct and sends find the next go around. withdrawn your funds and contact Coinbase. you may fund your Coinbase account again after they fix the issue. |
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...And that's why the exchangers are having very, very low fees of 0.2% for trading or free for withdrawals. They do not care about these money. The REAL money are made with the Bitcoin price. How can financial company exists with 0.2% per transaction?
Super tight spreads aren't uncommon in forex trading where fierce competition between retail FX participants is the norm. Also, compared to traditional financial companies, overall transaction costs are probably lower as it only costs a couple of cents to send/receive any amount of BTC to/from anywhere in the world in minutes. So with the lower fees, lower overhead costs, and lack of middlemen, I think it would be possible for an exchange to make a profit by just trading and withdrawal fees alone. Even when Mt. Gox had 800,000 BTC (worth almost $1 billion in late 2013), it was still a pretty small-sized company. Their expenses probably weren't that much compared to more traditional financial companies that deal with similar amounts of money. Scottrade has 4,000 employees and GAIN has about 400. A Bitcoin exchange would have, what? 5? 10? Maybe 20 tops? The forex market is HUGE. A LOT of people are playing in it(including BIG banks). You cannot compare Bitcoin market with 1 MIL users with the forex market. MT Gox had ONE full time employee and 3-4 part time contractors(for customer support-tickets). Try to not believe everything these guys are trying to show "you". They are small companies not corporations. It's not something bad to be a small company. It's absolutely normal to have a small and cosy office when you run an exchanger... but these people wants bling-bling. They want to be like Trump or Zuckerberg overnight The bad thing is when you want to be what they are not... You said "Mt. Gox had 800,000 BTC (worth almost $1 billion)". Let's say you have this Bitcoin. Who is will give you the money if you would have 1 billion worth of Bitcoin? Coinbase? Bitstamp, BTC-China? Yes, nobody. because they do not have these money. But if you want to withdraw a billion from a real forex company, you will get it ASAP. |
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Withdrawn your funds from GAW and from Bitcoin.
The price will fall after GAW will collapse (in the next 2-3 weeks). it will be a federal investigation and other Bitcoin companies will fall.
mark my words: BitPay will be closed until summer.
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I don't know why you are so surprised. GAW is a HYIP(ponzi).... You agreed with that when you put your money in game. There is an old phrase "Don't invest more than you can afford to lose". You want to play, not to invest. It's like you will ask the money back from a casino Of course, GAW has its fault. It's outlaw but you have to open your eyes...when it seems too good to be true, it probably is. Yes, everybody wants fast money but be prepared to lose too |
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I was a homero loving worshiper but now realized all this BS...
A little late for me it seems. I opened disputes on all credit card charges for when I bought those hashtakers at opening price and paycoins at 20$ a pop.
Is there anything else I can do to get my money back or am I fucked?
you agreed to pay at the moment you made the transaction. I am not sure whether you will get the money back from your bank. |
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GAW is a ponzi scheme and it will fall very very soon ! Take your money back as soon as you can.
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They have just confirmed my fiat withdrawal, I'll report back once I have the money on my bank account Be happy for that keep your money in bank and do not buy soon. the price will fall under 190 USD soon. |
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Bitcoin is a small industry. There are so many other payment systems much bigger than Bitcoin and without making so much buzz in media Do not forget that the Bitcoin users are around of 1 MIL. This is a very very small amount compared to the funds invested:) Why would need a company like Bitpay to hire a lot of people? This is just an infatuate attitude. All the so called exchangers want to be seen as "Corporations" It's funny sometimes when you see that millions of USD (from ventures, of course) are spent on nothing....like big and useless offices in the heart of financial cities. it's just gilding for fools. Remember, 1 MIL users... not 10... but 1 MIL including China.  |
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And it's back up + they have covered all the loss on user sides just like i thought  it is not about back up. it is about that the hacker stole ALL the information stored on Bitstamp's server. well, maybe you don't care about your personal information(you should because it is about your life, money) but there are many others who do.... What are you talking about? They stole hot wallet funds nothing more afaik. how did they stole the "hot wallet" funds? did they guess the password? I don't think Bitstamp will explain exactly how they did it. Maybe a combination of malware, inside informations and weak procedures. The potential amount to steal is so big they could have invest money to get a chance to steal by buying up informations or coming to the bitstamp offices to steal the money. agree with you. malware = access to all the information including customer's details. Their clients will receive a direct impact very soon. they have to change their passwords for emails, Bitstamp account, Bitcoin, etc. Too bad they cannot change their passports, utility bills, bank accounts. Identity theft was the most prevalent problem plaguing consumers in 2014. Well, sooner or later we will see, i personaly belive the person was so excited they took the coins and ran. Also i don't think it was malware, well who knows. These persons are not SO excited. It's their "job" Of course, 5 MIL is a VERY high amount but if there is more than 3-4 persons they will want more |
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And it's back up + they have covered all the loss on user sides just like i thought it is not about back up. it is about that the hacker stole ALL the information stored on Bitstamp's server. well, maybe you don't care about your personal information(you should because it is about your life, money) but there are many others who do.... What are you talking about? They stole hot wallet funds nothing more afaik. how did they stole the "hot wallet" funds? did they guess the password? I don't think Bitstamp will explain exactly how they did it. Maybe a combination of malware, inside informations and weak procedures. The potential amount to steal is so big they could have invest money to get a chance to steal by buying up informations or coming to the bitstamp offices to steal the money. agree with you. malware = access to all the information including customer's details. Their clients will receive a direct impact very soon. they have to change their passwords for emails, Bitstamp account, Bitcoin, etc. Too bad they cannot change their passports, utility bills, bank accounts. Identity theft was the most prevalent problem plaguing consumers in 2014. |
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And it's back up + they have covered all the loss on user sides just like i thought it is not about back up. it is about that the hacker stole ALL the information stored on Bitstamp's server. well, maybe you don't care about your personal information(you should because it is about your life, money) but there are many others who do.... What are you talking about? They stole hot wallet funds nothing more afaik. how did they stole the "hot wallet" funds? did they guess the password? And for what would they need customer infos when they got away with 19k coins? lol for getting more funds, of course..and they will. The peoples are greedy and also they want to make more if they are more than 5-6 hackers. The girls are expensive these days Also, a Mercedes S class is 120K + a nice house is over 500K + other expenses...and you will see that the funds will not be enough to live ) |
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And it's back up + they have covered all the loss on user sides just like i thought it is not about back up. it is about that the hacker stole ALL the information stored on Bitstamp's server. well, maybe you don't care about your personal information(you should because it is about your life, money) but there are many others who do.... What are you talking about? They stole hot wallet funds nothing more afaik. how did they stole the "hot wallet" funds? did they guess the password? |
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