|
cockers (OP)
|
 |
December 07, 2016, 07:36:01 AM |
|
First to mods(please move this to correct forum if i am wrong about its placement)
I logged into circle today in order to cash out some bitcoins i had sent to my account last night and found out that circle does not buy or sell bitcoins anymore, can someone please explain what is happening with circle(had no warning about this and I am worried where I am going to be able to buy and sell bitcoin so easily)?
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
talkbitcoin
Legendary
 Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
|
|
December 07, 2016, 08:48:41 AM |
|
apparently they have made some changes around their service (i am not using circle and just reporting what i have heard in the news) they no longer support buying and selling of bitcoin and they refer you to coinbase!! read it more on circle itself (the article is from today): https://support.circle.com/hc/en-us/articles/217972003 |
|
|
|
|
cockers (OP)
|
|
December 07, 2016, 08:51:50 AM |
|
Thats complete BS...
|
|
|
|
|
European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
|
December 07, 2016, 11:19:36 AM |
|
this really, really sucks. they were by far the best service. they certainly didn't hang around when it came to abandoning bitcoin. it don't feel very surprising to me. i'm not sure any of the existing bitcoin companies will still be around in 5-10 years.
|
|
|
|
|
|
bitjoin
|
|
December 07, 2016, 01:37:23 PM |
|
this really, really sucks. they were by far the best service. they certainly didn't hang around when it came to abandoning bitcoin. it don't feel very surprising to me. i'm not sure any of the existing bitcoin companies will still be around in 5-10 years.
They are in the business of moving money around the world, even though bitcoin is the best tool for that its still a fraction of global money moving. Im guessing they done some math and worked out its better for overall profit to just do fiat for time being. |
|
|
|
vinaha
Member
Offline
Activity: 112
Merit: 10
|
|
December 07, 2016, 03:32:52 PM |
|
Thank you Circle, goodbye.
It was good while it lasted. I'm deleting my account.
|
|
|
|
|
DiCE1904
Legendary
Offline
Activity: 1118
Merit: 1002
|
|
December 07, 2016, 04:19:26 PM |
|
Sad to see it go. Maybe this well get more people on bitsquare now
|
|
|
|
Raimonn
Legendary
Offline
Activity: 1456
Merit: 1001
|
|
December 07, 2016, 11:00:54 PM |
|
Thank you Circle, goodbye.
It was good while it lasted. I'm deleting my account.
If they don't want bitcoin users i will delete my account too. |
|
|
|
|
ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
|
|
December 08, 2016, 12:46:06 AM |
|
I think there's a misunderstanding. They aren't removing themselves from Bitcoin, they are just not offering exchange uses anymore. They are going to run a sidechain for settling payments. So it's not about being against BTC, they just won't be taking part in the actual exchange.
|
|
|
|
|
deadsilent
|
|
December 08, 2016, 01:01:56 AM |
|
Coinbase can be your savior. Coinbase is still working. I wonder why circle doesnt buy and sell bitcoin anymore. Its gonna be their worst decission because most of circle users are on bitcoin. Other than coinbase, there are more sites where you can buy bitcoins. Paxful and localbitcoin are good choice too.
|
|
|
|
|
ranlo
Legendary
Offline
Activity: 1974
Merit: 1007
|
|
December 08, 2016, 01:05:16 AM |
|
Coinbase can be your savior. Coinbase is still working. I wonder why circle doesnt buy and sell bitcoin anymore. Its gonna be their worst decission because most of circle users are on bitcoin. Other than coinbase, there are more sites where you can buy bitcoins. Paxful and localbitcoin are good choice too.
Coinbase has become a horrible place. They count your deposits as purchases and withdrawals as sales. So let's say you transfer 1 BTC to Coinbase when BTC is $700, then send it to your other wallet when it's at $900, they count that as a short-term capital gain of $200 (and are reporting to the IRS if they request information), despite you never having made a sale. |
|
|
|
bitbunnny
Legendary
Offline
Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
|
|
December 08, 2016, 04:02:06 PM |
|
So another good Bitcoin exchange service is gone. I wonder what could be the reason. The profit was probably good, maybe it's because some regulations. That could be the problem for many bitcoin related services in the future. I suppose many users will now switch to Coinbase and others, so good for them.
|
|
|
|
European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
|
|
December 08, 2016, 07:15:52 PM |
|
gotta be compliance costs. i hate to think how much it would cost to please everyone and it's not as if there are tens of millions of bitcoin customers. coinbase may be assholes, i dunno as i've never had dealings with them, but you gotta respect the commitment at least.
|
|
|
|
|
digicoinuser
Legendary
Offline
Activity: 2702
Merit: 1072
|
|
December 08, 2016, 07:44:34 PM |
|
I'm thinking they got out of the game before a request came through similar to Coinbase and Bitcoin was most likely not producing profits for Circle. Although, I don't think that puts them in the clear for not getting a future request.
Not exactly sure why the CEO had to take an anti-bitcoin approach with the announcement, but I'd suspect it has a lot to do with their future projects and investments being targeted towards other things.
|
|
|
|
|
thebatletbet
|
|
December 10, 2016, 04:57:12 AM |
|
circle.com not popular about service bitcoin exchanger
iam only use bitcoin exchanger is popular , reputable trust and much client use there service
if you get problem service, i think is good you send support ticket
or is very good write in annocument circle.com in bitcointalk
|
|
|
|
|
|
someoldcoins
|
|
December 10, 2016, 11:37:04 AM |
|
i have sent them my id and selfie i have never used for anything useful.
goodbye morons
|
|
|
|
|
|
CraigWrightBTC
|
|
December 10, 2016, 11:42:19 AM |
|
Thank you Circle, goodbye.
It was good while it lasted. I'm deleting my account.
If they don't want bitcoin users i will delete my account too. Well i think you must delete your account on there, because i have heard that circle is not support for buy and sell bitcoins on their service, so for users of bitcoins this service is not suitable. |
|
|
|
|
|
gribble
|
|
December 10, 2016, 12:24:27 PM |
|
Thank you Circle, goodbye.
It was good while it lasted. I'm deleting my account.
Today is the end of circle, please check the news Circle, the financial service company blames the slow rate of Bitcoin Core development for its decision to stop offering Bitcoin exchange services. http://www.newsbtc.com/2016/12/08/circle-bitcoin-development-issue/ |
|
|
|
|
|
Daffadile
|
|
December 10, 2016, 05:53:57 PM |
|
Cirlce is crap anyway and they also have no idea what they are talking about. Those are rubbish reasons I do not buy them at all. Plenty people use bitcoin for a company their size to profit from. There is something else going on.
|
|
|
|
|
Victorycoin
|
|
December 12, 2016, 08:36:43 PM |
|
apparently they have made some changes around their service (i am not using circle and just reporting what i have heard in the news) they no longer support buying and selling of bitcoin and they refer you to coinbase!! read it more on circle itself (the article is from today): https://support.circle.com/hc/en-us/articles/217972003This might not be unconnected with the statement by its CEO about two weeks ago. His opinion was that bitcoin won't see beyond next ten years, so I suppose he is taking a cautious move and putting his money where his mouth is. At any rate, I think the opportunity to convert bitcoin to fiat currencies is still there for anyone to use. |
|
|
|
|
|
