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The European Central Bank has just released a €750 bn package to save the €. Will it save it, or will it kill it? I'm not sure.
Once again, BTC's safe.
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Maybe there's still some hope after all.
Yesterday, I've received a payment from Poloniex of 0.0047 BTC. Considering I've lost more than one BTC, that's nothing, but it's still a positive sign.
Other people going through the same fate have also received 0.0047 BTC.
I'm not sure what they're trying to do...
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Regarding Italian lockdown, it's still possible to live. Food stores and chemists are still open for business. You can't get a haircut, go to the dentist, or buy a new car, but you can still buy pasta.
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Good to know, nobody from this board is panicking.
I don't think anyone has sold his BTC to buy toilet paper.
Well, there may be an opportunity is starting a business selling that stuff accepting BTC payments...
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I don't know the author of this topic, nor his problem, but I can confirm the guys running Poloniex are thieves.
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I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...
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This is panic and reason doesn't play.
Everything's down, from gold to shares and cryptos.
We have to wait for things to cool down. We talk about coronavirus, but it's more like madness.
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Have you seen how governments responded to the corona virus?
Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
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Good.
If I were Indian, I would not trust the banks, nor the government. BTC is a safer bet.
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Well, thanks a lot. I didn't know there were other solutions besides the google one.
I'm closing this topic.
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You don't necessarily have to use Google's app for 2FA. You can use Authy instead. I find it to be much better since it allows you to take backups of yours keys. Authy? Never heard of it. Is it supported by Bitfinex? They only talk about google. |
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On bitcoin.de or Kraken, I've never paid a fee higher than .5%.
My Visa card used to have a €1,000 daily limit, but I asked my bank to raise it, and they did.
Am I used to good deals and service? I think not.
5 €250 withdrawals would mean a €87.5 fee. I say "OUCH". Please stop.
5% out of 1250 is 62.5. You won't usually get below 2% with an ATM (or ~2-3%). But you lose privacy if you use banks, Visa, etc., so depending on the user's need a higher fee might not be that discouraging if it isn't too high. .5% is 0.5% (US writing) whereas the only BTC ATM in working order which I've seen in my life had a 7% fee, that makes the fee 14 times more expensive. |
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There used to be 3 ways to validate a withdrawal on Bitfinex.
SMS verification.
With a physical USB key U2F.
With google authenticator 2FA.
Bitfinex no longer supports SMS for confirmations, which I've been using for years. I hate google and I haven't used any google software for years, so I have no choice but to buy a Fido key, but I don't know where to find one, and I certainly won't get one today!
It means that for the coming days, I cannot withdraw any coin from my Bitfinex account!
What was wrong with SMS validation?
I was very happy with that.
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KYP is just common sense.
When I chose a bank, I visit the bank first. I walk in, looking at the building and the people there. I would never consider opening an account online to some new online bank like Mistertango or the like. You may also check a bank rating on Fitch, or some other provider of credit ratings.
When it comes to exchanges, I look for the large, old and established ones. Sadly, that was not enough, I lose money with Poloniex last year. You have to be very cautious.
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@countryfree Yeah, 7% it sucks for us, especially if we have a lot of other alternatives, but for those who don't, it doesn't and they're fine with it. It's like the fees when purchasing with a bank card. Or when you want to sell using a decentralized exchange and the best offer you can get is 5% below the market :/ Otherwise you could use a P2P marketplace with an offer 15% below If no choice... The 250€ limit isn't really a problem, to compare, our bank cards have a weekly and monthly limit but we never complain ...but that depends on the country ...
Doedn't it depend on the ATM network? (the machines provider) I've used decentralized exchanges before and you can get offers at 5% under the market because you're willing to instantly trade funds. You can place an offer yourself at spot price or above the market, so you become the one having 5% overall profit. But what if 5 customers successively go and withdraw ~250 EUR from an ATM in a matter of minutes? Why would the ATM not just stop after the first 2-3 customers and ask for identification? AFAIK, most ATMs have this "if we consider a transaction to be suspicious, we reserve the right to request documents for identity verification" rule you agree to once you start using it. On bitcoin.de or Kraken, I've never paid a fee higher than .5%. My Visa card used to have a €1,000 daily limit, but I asked my bank to raise it, and they did. Am I used to good deals and service? I think not. 5 €250 withdrawals would mean a €87.5 fee. I say "OUCH". Please stop. |
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There's no need for KYC on ATMs because they're just terrible!
Terribly expensive, last one I saw had a 7% fee, and terribly limited, max amount was I believe €250.
It's best to avoid them.
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We shall not say that Ukraine is a crypto-friendly country.
It isn't.
What's happening is that Ukrainians cannot trust their currency (like Russians). Most property deals in Ukraine are made with US $, and the biggest banknote in Ukraine is less than $20. Yes, some rich Ukrainians own some BTC, but they didn't invest in cryptos because they believe in the technology; they bought some to safeguard their assets against government's failure, or Putin starting a full on war.
Besides AML, this is about currency control, preventing money fleeing the country.
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