I first got interested in cryptocurrencies during the last bubble in late 2013. I bought in to the hype, bought some coins for cash, started trading, made some profit, made some losses, and ended up disillusioned when the bubble had finally popped and I was in the red. I put up a few sell orders and just waited until it would either die for good or come back alive like it has done now. But what I saw then is repeating itself now, although in a slightly different shape. Back then people would create coins with new features such as proof of stake, new hashing algorithms that would be ASIC proof, some of them actually created coins that had some real life use like Monero and Darkcoin, or Dash as it's called now. But most of them were shitcoins only made for pump and dump purposes. The new craze is ethereum based coins. Everyone and their uncle are making ICOs with the new best platform for a new revolutionary pointless purpose that makes no sense. Just like the shitcoins of 2013/2014 had pointless features that sounded cool but were pure fluff to make people horny enough to lose their minds and buy in to the hype so the creator could cash out a hefty bitcoin profit, leaving the bagholders wondering what the hell just happened. It's repeating itself this time too. I see people acting in the same nutty way that they did back then. Is this coin good? What should I invest in? What's the best coin and why is it $hit€oin? When will $shit€oin reach the moon? Quick, everyone buy this €rap€oin, it's going to the moon! And so on, the trollbox is live and thriving everywhere you turn. Some are honestly asking, others are shilling, some are bots or fake accounts replying and saying they love the €oin because it has a revolutionary but pointless feature that everyone will never care about. You can also compare it to the Dot-com bubble where companies were started, venture capitalists poured their millions into ideas that sounded good on paper but no one knew how to do. But the hype was real, just look at where we are today, the internet is bigger than anyone could believe back then. I think crypto currencies are the future just like the internet turned out to be, but it's the wild wild west right now. And don't get me wrong, I'm not asking for state regulation, it's inevitable either way, but I'd rather have it like this, decentralized, unpredictable, exciting and fascinating. But just remember that those of you who are just getting in to this, you are repeating the same mistakes that I and many others did in 2013/2014. You are the new cows that the whales are milking, you are the naive ones who're trying to make a quick buck by buying shitcoins, believing in ICOs and so on. Some of you will get it right, many out of pure luck, and a select few are able to see past the noise of the scams, ponzi schemes and outright frauds. I'm not saying I'm one of them, absolutely not, I just know that the previous bubble had the same pattern, but this time more people are aware and more cash is flowing in. Don't take advice from Reddit. You can't trust anyone here. Assume that everything you read is a scam. The chance of it being legit is minuscule, I just refreshed coinmarketcap.com to copy/paste the number of listed coins, it was 837 before I refreshed and 840 after I refreshed. Do you see my point here? How many new coins are created per month? How many of the 840 listed coins are useful today? 5? 10? 20? 50? It's hard to define what useful is, but the vast majority of them are absolute trash. Don't be a sheep, don't trust what a stranger online said about a coin, don't trust blogs, websites and youtubers who talk about the next big €oin that will make you fly on your personal NASA built rocket to the moon once you've staked 50 of them for a month. But that's not to say that you shouldn't gamble, that's what we're here for, right? But don't trust their promises of some new magical properties that will revolutionize how dairy farmers trade the tons of methane that their cows produce. And yes, cows produce methane, but no, there's no coin that's trying to capitalize on that market. Yet? How about naming it ƒartcoin? I claim 10% of the premine if someone creates it. You heard it here first people. If you've made it this far, keep in mind that the smaller coins that increase in value by e.g 200% in two weeks time most likely have no significant market cap, so if you try to sell a couple of bitcoins worth of coins, you might tank the price, so smaller coins are useless for any significant sums of money. But they're perfect for gambling purposes. Just remember that they're just that, shitcoins that you should get rid of as soon as possible. And don't take my advice, make an informed decision, I might be trying to fuck you over ( ͡° ͜ʖ ͡°)
Since we've all been goxxed now is the time to buy those $50-60 coins floating around and profit from everybody else's misery. Or you could wait for Gox to come back online and crash down the price even further but good luck trying to do any trading there to buy coins, the trading engine is already broken I don't expect the new one to work flawlessly due to epic 3yr history of GOXXING BTC-E.com To pay into this exchange, you need a BTC-E code, PM or Okpay. Take pics of your ID and utility bill and pay the $10 to Okpay for 'quick verification'. You can pay bitcoins directly into your Okpay account for initial funding or wait and see how long it takes for reg verification. Now either wire money, or instant money transfer (MoneyPolo, Contact-sys, Unistream) to fund your account or find an Okpay exchanger somewhere. Or Ukash/CashU. Just because contact-sys is Russian doesn't mean there aren't sending points in every country in the world. BTC-E codes you buy on #bitcoin-otc from verified gpg authenticated traders with good ratings, or on bitcointalk.org forums in the currency exchange forums. Perfect Money is a shady HYIP digital currency run by Russians much like Liberty Reserve. You sign up for free, and load your account with wires (if verified) or you use an exchanger. This is what talkgold.com is for to find legit exchangers. I use wm-center.com to wire WU/Moneygram and get PM. Click on 'Interkassa' payment method in BTC-E and select Perfect Money. Instant load. You can also obviously dump Litecoins you bought on Vircurex to fund the account, or a gagillion PPcoins Bitfloor.com Fastest way to deposit is through CapitalOne P2P or cash deposit https://bitfloor.com/docs/#funding-deposit Be aware Bitfloor is insolvent due to owing 25k bitcoins that were stolen last year but they have a repayment schedule that may or may not bankrupt them. Use at own risk but most ppl trade there everyday with no problems. Bitstamp.net Great exchange in Slovakia? I think. You have to pay with Euro SEPA wire, then for some stupid reason they convert the money to USD. You can pay in here using transferwise.com if you're from UK, or XEtrade and other Forex online money transfer companies. Google 'free money transfer fx' and review your options. Most don't charge you anything if over a certain amount of money. They take your internet billing or other local payment, convert to EUR and send SEPA for you if you request it. If they don't then check with Bitstamp what a SWIFT wire costs (probably nothing, I think they use Latvian banks that charge no receiving fees). If you want a bank account in Latvia then sign up here: http://www.rietumu.com/ if you have a local corporation or business where you live you can, maybe a personal account too. You can always incorporate a dirt cheap Delaware LLC or Oregon LLC from anywhere in the world and use it to open up worldwide bank accounts. Bitcoin-24.com Takes direct wires, all sorts of other methods: https://bitcoin-24.com/fees You can also use Liqpay if you have a USD or EUR card. Sign up to liqpay.com, then they block a small verification amount you have to sign into internet banking (for the card) to check. It's usually $1.something or less. After that you are verified to load $1-100 or so, but I'd just try $50 at first. Any more than that and Liqpay will seize the funds and ask for your bank to authorize a fax they send which no bank will do because of privacy reasons, so pointless to load anymore money. Liqpay may also call you to verify card details this is normal. Liqpay is meant for Russians and CIS countries to use like Ukraine so due to epic fraud of credit cards don't expect to load too much this way unless you find a Liqpay exchanger, but what's the point when you can just wire money to bitcoin-24 anyways. Vircurex.com Good exchange, had some problems due to DDoS but so did all exchanges. They only accept BTC, altcoins and VouchX for payment. You buy Vouchx here: https://www.aurumxchange.com/ or from somebody on Bitcointalk, or IRC (with rep). You can buy a bunch of litecoins anywhere to fund this exchange such as the bitcointalk forums or IRC. Warning: the so-called official twitter account is fake, don't use it. Cavirtex.com Can only fund if in Canada, they accept cash deposit and internet billing. Price has been steady at ~$90 all day though no panic selling. LibertyBit.com https://www.libertybit.com/funding various easy methods, new exchange in Canada that takes intl wires and shockingly Interac deposits (easily frauded). Bitcoin China https://btcchina.com/ fast growing exchange, you pay in with Alipay or Tenpay both Chinese methods that westerners can't use or figure out due to no translation. You can probably use Alipay if you find and exchanger to load it, they do exist. **Edit they now support Liberty Reserve deposit and withdrawal Check english forums to see if anybody exchanging Alipay or taking wires. CampBX.com Accepts money orders, and CapitalOne P2P payments. Also accepts Dwolla but you need to be verified. Bitcoin-central.net Just had a major outage due to instawallet hack, appears to be back online. You get your own quasi-bank account when you verify here much like how ecardone.com (liberty reserve) does banking so can transfer to other users legally with vouchers. You can buy a voucher p2p on Bitcointalk forums or IRC or send a bankwire. VirWoX.com You can pay with Paypal to get Second Life "Linden Dollars" then convert to BTC, or at least you used to be able to. I have no idea if this is still the case I've never used them. Or course there's all the fixed price exchangers https://en.bitcoin.it/wiki/Trade and https://bitcointalk.org/index.php?board=53.0 for everything from Moneypak to Skrill. You can also risk buying coins on Silk Road with moneypak ==============R U L E S ================================
Learn to use #bitcoin-otc, you'll thank me later. It has the most buying/sell options. Use localbitcoins.com too if you can to avoid bullshit exchange problems
ALWAYS USE 2-FACTOR ID ON EVERY EXCHANGE
Always use 2-factor ID on the email you used to sign up for the exchange
Don't click any links in BTC-E.com chat trollbox!!!
Don't click any links PM'd to you on BTC-E.com from other users
Enjoy buying all the way down the crash once Gox comes back online and the great sell off begins! Hold them for a year and they'll be worth 10x as much just like the 2011 crash. Bonus points if you speculate on Litecoin, rumor has it Gox will be trading them when they come back online but again, this is MtGox we are talking about so the site could implode on the zerg rush of people trying to get into their accounts or trading engine could sell all your coins for $0.0001 again like they did in 2011. Great successez!
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Excessive delays and a lack of communication at Poloniex—are we heading for another Mt. Gox?
My profile at Poloniex has been awaiting Level 2 verification for nearly a month now. I opened a support ticket 18 days ago, and that hasn't even gotten a response. As a result, most of my crypto-assets are trapped in Poloniex with no sign of when they will be released. I'm not the only one who's affected -- the Trollbox on Poloniex is filled with complaints similar to mine. It is uncomfortably reminiscent to what happened in the months leading to the shutdown of Mt. Gox.
Wired Magazine reported in November 2013 that customers were experiencing delays of weeks to months in withdrawing cash from their accounts. [...] Customer complaints about long delays were mounting as of February 2014, with more than 3,300 posts in a thread about the topic on the Bitcoin Talk online forum. [...] On 7 February 2014, Mt. Gox halted all bitcoin withdrawals.
Wikipedia - Mt. Gox What is happening at Poloniex? Why hasn't the company made a statement about these excessive delays?
"We are going nowhere, but we are making very good time."
This old joke describes the current state of altcoins pretty accurately. Most people are so caught up in daytrading, mining, chart analysis and various other things that they forget what cryptos are all about: Zero-fee trades and wealth transfers that transcend borders. Mooncoin is currently competing with about 100 other cryptocurrencies, some of which have very large communities and a far reaching network effect. The only thing that mooncoin has going for it right now is that it is cheap and very easy to mine. That's pretty good and somewhat unique right now, but it's not enough to withstand the test of time, because the market will be flooded with cheap and easy to mine cryptos. Mooncoin has to evolve if it is to succeed. Bitcoin has already paved the way; The costs for developing altcoins are in freefall speed, but investments have to be made in websites, apps, programs and other things that enhance the customer experience for people who want zero-fee wealth transfers. So here are some easy things you can do to make mooncoin a better altcoin and a better investment.
Help to create a wikipedia entry. You don't exist as a crypto if you don't have a wikipedia entry.
Spread the word. Mention Mooncoin in the trollbox or the chatbox at coinex.pw. Post about it in forums People are not going to look into mooncoin the first time they hear about it. They have to hear about it over and over again.
Join the Mooncoin chat. go to https://crypto.cat , download the cryptocat extension and join the chatroom "Mooncoin"
Link to this post and this subreddit
Mine and trade Mooncoins. This provides stability and makes mooncoin a more predictable and less scary investment.
If you have decided to hold Bitcoins or Litecoins in addition to Mooncoins, insert them in the mooncoin buy order queue Even if you place them relatively low it signals traders that there's a floor and less downside risk.
Pledge some mooncoins to projects like the tipping bot, or other important projects. Bounties and crowdfunding projects are the way to go.
Bitcoin Forum. Bitcoin is an open-source peer-to-peer digital currency project. P2P means that there is no central authority to issue new money or keep track of transactions. The Moon Trollbox - Hot news discussions, rumors and friendly talks Hey everyone, We are a small group of developers that have been into bitcoin and the cryptocurrecy world for quite some time. As of late, we decided The platform also has a Trollbox, an online chat for traders that can be found on their main page. You can set up your display name and chat with fellow traders in more than 13 languages. Liquidity . As of August 2018, HitBTC had a daily volume of over 250 million USD, with the three top traded tokens being Bitcoin, Bitcoin Cash and Ethereum. Bitcoin. comments; other discussions (1) Want to join? Log in or sign up in seconds. English; limit my search to r/Bitcoin. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" url:text search for "text" in url selftext:text search for ...
Today we teach people how to give themselves admin on SCP:SL. Devenez incollable sur le Bitcoin ! Mon T-shirt Raclette is Coming : http://bit.ly/2AN4e4r Merci à Pepsucre d'avoir sponsorisé cette vidéo ! ;P Merci aux pot... My name's Alec Steele and here you'll find near-daily videos documenting the process of building some awesome projects here in the shop. As a blacksmith, mos... Thanks for watching! For donations: Bitcoin - 1CpGMM8Ag8gNYL3FffusVqEBUvHyYenTP8 Hacker forced to mine or risks perm ban!!! Will this hacker be able to mine fast enough avoid getting a perm ban? Welcome to the fifth episode of the hacker games! A series where hackers either ...