Is anyone else starting to become a bit worried? mod note in first post

lifeandtimes · 15-02-2018 12:08AM

makeorbrake wrote: »

Christ on a bike. Stupidity tax then, so. Of course there's a chance that it could all be fine but you wouldn't go there given that there's a lot of stuff that adds up the wrong way.

I had a use case for it myself many months ago. This was before the latest alleged fraudulent activity. However, once I figured out that in the small print, they say something along the lines of we do not guarantee that 1 USDT will always equal 1 USD. That was it for me - no further interest at that point.

People pumped money into a coin advertised as a ponzi scheme called ponzi coin.

Stupidity knows no bounds

JohnnyFlash · 15-02-2018 12:53AM

Jesus, if I had a few quid in one of those exchange yokes then I’d nearly throw it on bitcoin tonight and sell off in the morning. Rumour going round that bitfinex has stopped dealing in fiat. Expect a major pump as a result, if the rumour is true.

Tinder Surprise · 15-02-2018 01:04AM

JohnnyFlash wrote: »

Jesus, if I had a few quid in one of those exchange yokes then I’d nearly throw it on bitcoin tonight and sell off in the morning. Rumour going round that bitfinex has stopped dealing in fiat. Expect a major pump as a result, if the rumour is true.

Johnny,

Its getting tired mate.

Yours cordially.

T

JohnnyFlash · 15-02-2018 01:12AM

Tinder Surprise wrote: »

Johnny,

Its getting tired mate.

Yours cordially.

T

I think the price is going to go up if the rumour is true. Nice way to make a few quid. It’s all built on a foundation of sand of course, but if you were to hop in, make some profit, and get the hell back out into fiat then I’d all for it.

lifeandtimes · 15-02-2018 02:23AM

JohnnyFlash wrote: »

Jesus, if I had a few quid in one of those exchange yokes then I’d nearly throw it on bitcoin tonight and sell off in the morning. Rumour going round that bitfinex has stopped dealing in fiat. Expect a major pump as a result, if the rumour is true.

Bit late to the party Johnny.

Btc has been on the rise the last 24 hours.

Day traders would have been in and out by now.

Autochange · 15-02-2018 07:23AM

I sold all back to Euros as things turned south back in January. After only getting into cryptocurrency in November I had some modest gains which u managed to keep as profit. Luckily.
I have always intended to get back into the market and with the recent gains im wondering if the time is now?

Have many who sold decided to get back in?
How's that fomo going knowing the possible potential of cryptocurrency going forward?

lifeandtimes · 15-02-2018 11:05AM

Autochange wrote: »

Have many who sold decided to get back in?
How's that fomo going knowing the possible potential of cryptocurrency going forward?

A lot of "experts" who don't agree with some of the other "experts" quoted previously believe that the money pumped into crypto into the last 12 months will be back by the end of the year.

FOMI is one reason but they would be a bit more educated by then and understand to hold for longer and also not invest more than you can lose

Also nice work in the gains bro

Autochange · 15-02-2018 04:37PM

lifeandtimes wrote: »

A lot of "experts" who don't agree with some of the other "experts" quoted previously believe that the money pumped into crypto into the last 12 months will be back by the end of the year.

FOMI is one reason but they would be a bit more educated by then and understand to hold for longer and also not invest more than you can lose

Also nice work in the gains bro

I have bought back in. 50% Bitcoin. 25% neo and 25% ven.

Any thoughts on the lower priced coins which took a hammering during the 'fall' ? I previously owned some request network, substratum and FunFair.

lifeandtimes · 15-02-2018 04:40PM

Autochange wrote: »

I have bought back in. 50% Bitcoin. 25% neo and 25% ven.

Any thoughts on the lower priced coins which took a hammering during the 'fall' ? I previously owned some request network, substratum and FunFair.

I don't know much about ven but BTC and NEO are good shouts. Ltc too.

I'm heavily invested in Dimecoin. At $0.000088 you can't go wrong but the white paper is due for release tomorrow and is in the top 20 gainers of the last 7 days

TripleAce · 15-02-2018 04:54PM

I watched a video on an Italian channel this morning of a small city in northern Italy (just 40k people living there) that turned into a small Bitcoin-town. Bitcoin is used in many shops and bars and a few small companies pay their employees salary partially in Bitcoin. It looks like around 5% of transactions are now in Bitcoin.

Starts at around minute 12:00 (it's in Italian though):
http://www.video.mediaset.it/video/iene/puntata/viviani-cosa-sono-e-come-funzionano-i-bitcoin_806351.html

Really hope more towns will follow.

xxjack189 · 15-02-2018 04:58PM

TripleAce wrote: »

I watched a video on an Italian channel this morning of a small city in northern Italy (just 40k people living there) that turned into a small Bitcoin-town. Bitcoin is used in many shops and bars and a few small companies pay their employees salary partially in Bitcoin. It looks like around 5% of transactions are now in Bitcoin.

Starts at around minute 12:00 (it's in Italian though):
http://www.video.mediaset.it/video/iene/puntata/viviani-cosa-sono-e-come-funzionano-i-bitcoin_806351.html

Really hope more towns will follow.

I just can't get my head around Bitcoin as a workable currency with its volatilty....time will tell, I suppose.

Bob24 · 15-02-2018 05:11PM

TripleAce wrote: »

I watched a video on an Italian channel this morning of a small city in northern Italy (just 40k people living there) that turned into a small Bitcoin-town. Bitcoin is used in many shops and bars and a few small companies pay their employees salary partially in Bitcoin. It looks like around 5% of transactions are now in Bitcoin.

Starts at around minute 12:00 (it's in Italian though):
http://www.video.mediaset.it/video/iene/puntata/viviani-cosa-sono-e-come-funzionano-i-bitcoin_806351.html

Really hope more towns will follow.

How does it work? Do shops and customers actually have bitcoin wallets and payment methods attached to them?

TripleAce · 15-02-2018 05:15PM

Bob24 wrote: »

How does it work? Do shops and customers actually have bitcoin wallets and payment methods attached to them?

They didn't go into that level of detail, they just kept it high-level so that people not into Bitcoin can have a general idea of the use. I guess they either transfer from a wallet or from an exchange to another Bitcoin address (being wallet or exchange) anyway.

Some of the business owners interviewed have been accepting Bitcoin transaction for the past 3 years, since this project started in the town, so I guess happy days for them!

Bob24 · 15-02-2018 05:38PM

TripleAce wrote: »

I guess they either transfer from a wallet or from an exchange to another Bitcoin address (being wallet or exchange) anyway.

Doesn’t sound very practical especially for small and quick transaction as what is described in the video (paying for a pizza, etc).

It must be something else.

TripleAce · 15-02-2018 05:50PM

Bob24 wrote: »

Doesn’t sound very practical especially for small and quick transaction as what is described in the video (paying for a pizza, etc).

It must be something else.

Maybe it works with some barcode scanner, not sure as I never paid with Bitcoins in a shop myself.

lifeandtimes · 15-02-2018 06:13PM

TripleAce wrote: »

Maybe it works with some barcode scanner, not sure as I never paid with Bitcoins in a shop myself.

I know with some coins you can have a paper wallet which has a qr code that just gets scammed and sends the amount to the requested wallet

GreeBo · 15-02-2018 06:13PM

Bob24 wrote: »

Doesn’t sound very practical especially for small and quick transaction as what is described in the video (paying for a pizza, etc).

It must be something else.

If everything in the town is BTC then the currency fluctuations dont really matter I guess.

I'm not impacted by EUR/USD changes because all my txns are in EUR.
If I was mixing between the two then it would be a big issue.

If the same €100K worth of BTC is just moving around then town then the EUR price of BTC is irrelevant really. (though your holidays could be really good or REALLY bad!)

smacl · 15-02-2018 06:19PM

lifeandtimes wrote: »

I know with some coins you can have a paper wallet which has a qr code that just gets scammed and sends the amount to the requested wallet

Freudian slip?

TripleAce · 15-02-2018 06:59PM

GreeBo wrote: »

If everything in the town is BTC then the currency fluctuations dont really matter I guess.

I'm not impacted by EUR/USD changes because all my txns are in EUR.
If I was mixing between the two then it would be a big issue.

If the same €100K worth of BTC is just moving around then town then the EUR price of BTC is irrelevant really. (though your holidays could be really good or REALLY bad!)

It is a mix. Risk goes both ways though and I am sure they must be delighted in this moment and time if they have been using it for a couple of years already.

JohnnyFlash · 15-02-2018 08:06PM

JohnnyFlash wrote: »

I think the price is going to go up if the rumour is true. Nice way to make a few quid. It’s all built on a foundation of sand of course, but if you were to hop in, make some profit, and get the hell back out into fiat then I’d all for it.

Jesus, I called it right lads. GOne above 10k again. Might give myself the title of Investor and pretend I have a clue what I’m on about. Can see it hitting about 13 or 14k before either the binance or tether thing blows up.

lifeandtimes · 15-02-2018 08:32PM

JohnnyFlash wrote: »

Can see it hitting about 13 or 14k before either the binance or tether thing blows up.

What are you talking about?

JohnnyFlash · 15-02-2018 08:58PM

lifeandtimes wrote: »

What are you talking about?

Sorry, I meant tether and coinbase. Tether is an obvious scam, and there’s pandemonium over on reddit now about people’s coin base accounts being drai4nd and cards charged multiple times for old transactions.

tcawley29 · 15-02-2018 09:01PM

JohnnyFlash wrote: »

Sorry, I meant tether and coinbase. Tether is an obvious scam, and there’s pandemonium over on reddit now about people’s coin base accounts being drai4nd and cards charged multiple times for old transactions.

Coinbase has nothing to do with teather

JohnnyFlash · 15-02-2018 09:08PM

tcawley29 wrote: »

Coinbase has nothing to do with teather

Oh I know that. But you’d have to suspect something is going on when you start hearing reports of debit cards being drained, and credit card transactions from months ago being charged 17 times today. It’s incompotent at the very best, but the pump in the bitcoin price suggests something more sinister at play.

tcawley29 · 15-02-2018 09:28PM

JohnnyFlash wrote: »

Oh I know that. But you’d have to suspect something is going on when you start hearing reports of debit cards being drained, and credit card transactions from months ago being charged 17 times today. It’s incompotent at the very best, but the pump in the bitcoin price suggests something more sinister at play.

I'd say it's more than likely a poorly tested patch on their payment processing system.

Manic Moran · 15-02-2018 09:31PM

Autochange wrote: »

I sold all back to Euros as things turned south back in January. After only getting into cryptocurrency in November I had some modest gains which u managed to keep as profit. Luckily.
I have always intended to get back into the market and with the recent gains im wondering if the time is now?

Have many who sold decided to get back in?
How's that fomo going knowing the possible potential of cryptocurrency going forward?

I bought in about half-way down the dip, not thinking it would continue to fall. My last remaining couple hundred Euro I was keeping the powder dry on, until I saw more than a couple of days of positive trend, so, yes, I bought in a tad late a day or two ago at $9,500, but any profit is better than no profit.

I'm not tethered to bitcoin, mind. If you say Dimecoin is worth a look, I can throw a few dinarii at it instead.

lifeandtimes · 15-02-2018 09:38PM

JohnnyFlash wrote: »

Oh I know that. But you’d have to suspect something is going on when you start hearing reports of debit cards being drained, and credit card transactions from months ago being charged 17 times today. It’s incompotent at the very best, but the pump in the bitcoin price suggests something more sinister at play.

https://news.sky.com/story/fury-as-tesco-takes-payments-months-after-people-shopped-11249970

Tesco must be a scam too. Quick everyone sell all your Tesco Clubcard points and get out while you can

lifeandtimes · 15-02-2018 09:44PM

Manic Moran wrote: »

If you say Dimecoin is worth a look, I can throw a few dinarii at it instead.

I don't give financial advice and say go with your heart but I like dimecoin for how cheap it is and the gains it's been making because of the new dev team that have taken over. They only took over 4 weeks ago and in that time have got partnered with a coffee shop and bargain depot in the US, sponser a soccer team, have released 2 wallets and updated the code to ensure smooth and what seem to be the fastest transactions ever. Not to mention the community on telegram are decent folk. It has it faults though, theyve delayed the white paper (to update it with new businessn advancements)the team are a bit secretive which causes worry bit of rather they do their jobs than constantly update the community everyday.

So it is what it is, if you like buy in, if not then that's your choice

Fighting Tao · 15-02-2018 09:56PM

JohnnyFlash wrote: »

Sorry, I meant tether and coinbase. Tether is an obvious scam, and there’s pandemonium over on reddit now about people’s coin base accounts being drai4nd and cards charged multiple times for old transactions.

I'm just after checking my account when you said that to me. They have credited my account by 75% of what I paid them! Up 75% as a result.

Bob24 · 15-02-2018 10:03PM

GreeBo wrote: »

If everything in the town is BTC then the currency fluctuations dont really matter I guess.

I'm not impacted by EUR/USD changes because all my txns are in EUR.
If I was mixing between the two then it would be a big issue.

If the same €100K worth of BTC is just moving around then town then the EUR price of BTC is irrelevant really. (though your holidays could be really good or REALLY bad!)

If they take payments both in euros and in bitcoins they have to think of excahgn rates though.

But I guess that's manageable, my main point was that you need a quick and easy way of paying (like we have cash, a bank card, or mobile payments to pay in euros). You can't be entering a bitcoin wallet URL every time to buy something (same as you you you would't enter the shop's IBAN account number).

I'm wondering if they really process full bitcoin transactions or if it is just some kind bitcoin to euros thing with a bit of marketing to get free publicity for the town.

Is anyone else starting to become a bit worried? mod note in first post

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