BTC Prestige robot Scam or Legit? RESULTS of the $250 Test ...

BTC Robot Scam Exposed - the World's First Automated Bitcoin Trading Robot [bizarre press release, title contradicts press release]

BTC Robot Scam Exposed - the World's First Automated Bitcoin Trading Robot [bizarre press release, title contradicts press release] submitted by idlestabilizer to Bitcoin [link] [comments]

[Question] Gtibit.com

Does anyone know of the website gtibit.com? i just received a message on discord saying i got chosen for some ad program for the website, giving out free bitcoin, so i signed up, entered the code and it told me that i did receive about 0.3 bitcoin which is quite a bit, for me at least, and the website does look pretty professional but I'm really wary if it is a scam, since it really does seem a bit too good to be true.
The thing know is that if i want to withdraw anything it tells me that i need to deposit 0.02 btc first for 'robot protection' which makes it seem even more scammy, but i wonder if anyone knows the website and can confirm if its scam or not?
submitted by SirEarlywood to Bitcoin [link] [comments]

Can't get my money back from revolut account.

Hi.
So a few weeks ago I was trying to buy some bitcoins online, but it has become more difficult more recently, most places ask you for picture ID. I wouldn't mind but I don't have ID, and it will cost about £70 for a passport. So, while looking for somewhere to buy BTC I found a place offering to sell monero without ID, using revolut. So I opened a revolut account and put some money in. Alas, the deal couldn't be completed (they required positive feedback and I'd never used the site, localbitcoins, before then, having mostly used bittylicious). No problem I figured, I'll just transfer the money back into my bank account.
Here's the issue. They won't let me transfer money without verifying my identity. Of course they had no issue taking my money. But giving it back? No. I need ID. To transfer the same amount of money back to the same account it came from. I've also ordered a card thinking I could get cash out but nope.
Today I got a notification on my phone saying that I could buy BTC with my revolut account. Great, I thought, I'll just buy some BTC and send it to a wallet. Hah! So, get this, I can "buy" the BTC. But I can't send it anywhere. I'd be surprised if it was even on the blockchain.
I checked the reviews for the app before I opened my account and it had high ratings so I thought using it would be fine, but frankly this whole thing feels like I've been scammed. I can't post on the forum. I tried the online chat but it was just a robot. Whole thing stinks of "we know we can get away with this". I even payed £5 to order a debit card, I thought maybe that was the deal, pay a small amount to get your money back, if they did it to enough people it would add up. But nope, I tried to get cash out and it just says there's an issue with the transaction.
Anyone had a similar issue? I can understand requiring ID due to new regulations and to stop money laundering, but I can't think of any good reason to take someone's money then refuse to give it back without ID. Surely you should ask for ID before you take the money?
I just want my money back. Or at least to have it be usable, to be able to buy (I mean actually buy, not "invest" or "buy") bitcoins, or draw cash out.
submitted by Minuted to Revolut [link] [comments]

Why Are Crypto Trading Bots So Popular?

Hype. Your crypto-friends are excited: “I spend one hour per day just setting up my bot!” “It’s easy money, bro!” According to our research, 126 out of 209 traders use crypto bots for trading. 📷 But it’s not only about users - you can find a lot of different unknown crypto bots on the Internet. According to here are 70 bots with open source, so let’s imagine how many of them are in general! But what is special about them? Why are they so popular? Let’s see. 📷 You know, when you trade just with the help of signals and exchange, you spend a lot of time. But with top trading bots crypto trading is simple - you need just to give them all the details of a deal. They are like washing machines! 📷 People are not bots. You can’t trade 24/7 every day. But the best crypto bot can! 📷 Of course, it is not about every crypto bot. 📷 You know that situation when you see that that coin is decreasing in value. You start to think: “Oh no, I need to sell it right now. Otherwise I will lose everything I have invested.” Emotions. And cryptocurrency trading bots don't think like that because they are machines! It will use only setted parameters.

How profitable are best crypto trading bots?

Bots are just like soldiers that fight on your behalf 24/7, giving you an advantage of time, volume and price. On the other hand, you should take full responsibility for everything your bots do on the crypto battlefields. They never give you a 100% guarantee of an extra income, unless these are scam bots. Basically, this is just a software that helps you implement your own strategies, knowledge and trading experience.

Advantages

Every time you want to try a new thing, you want to know about it’s advantages and disadvantages. Is trade bot worth the money? Let’s check. 📷 Every person needs to eat, to sleep, to take a small break for tea or coffee, to spend some time with the family. But it’s not about bots. People sometimes want to avoid risks, but bots - don’t. Robots make all the steps while trading faster. 📷 Are you able to track the price of every existing coin? Nah… Cryptocurrency trading bots can analyze monster-size information! 📷 Again, emotions. Bots for cryptocurrency only listen to humans, their strategies and replicate their intelligence. No pressure. No fear. Simple! 📷 A person can miscalculate parameters or analyze charts or strategies without attention. This leads to huge losses. Bots, as machines, are much more accurate.

Disadvantages

You should think about every scenario before trading with crypto bot. Not all the bots are good and legit. Remember, that not every auto crypto bot is a scam! It just means that it’s going to contain some developer errors etc. So what is gonna happen if you choose a bad trade bot? 📷Now you know that bots for cryptocurrency are made with the help of humans. So they can contain developer errors. Setting up a bot is a very complicated process, so mistakes can be anywhere - even at the best crypto bot. And the result of such mistakes will definitely lead to trader’s losses. 📷 One of the main drawbacks of trading with a crypto trading bot is how often transactions are carried out. So, commissions for opening or closing positions can exceed the amount of your revenue. Of course, if you choose a good and professional bot, those parameters should be adjusted. 📷 Oooh, what a nightmare! Yes, unfortunately, there are a lot of scam cryptocurrency Binance trading bots. How to distinguish a scam bot among all of them? We are going to talk about this a bit later.

Is It Possible To Earn Money With The Help Of Crypto Trading Bot?

📷Did some tell you that you will definitely earn something while trading with a bot? Don’t believe it! Why? The reasons are quite simple. As we already pointed out in pros & cons - robots are machines only. But some of the bots for cryptocurrency can show you their accuracy. They provide you results and losses they have made. The best and safest if we talk about trading with a bot is using a complex - cryptocurrency trading bot and a crypto provider - a professional trader which provides profitable crypto signals. At Safetrading you can find such providers.

Do Bots Scam People?

📷 Hell yeah! Scam crypto trading bots are made only to steal users’ funds. Pim from shared his opinion about crypto trading bots in general and gave some advice how not to be scammed by a trading bot: 📷 Imagine: Unprofessional users get a subscription and give the bot full access to their investments. If you don’t know how to choose the best crypto bot among all the existing ones and decide to trade with doubtful bot... Your assets are going to be stolen. Crypto Robot 365. Bitcoin Loophole. Bitcoin Code. Crypto Edge. BTC Robot. Bitcoin Trader. Bitcoin Revolution. The accuracy and profitability of those bots are doubtful. But they are not the only ones, unfortunately.

What Should You Remember Before Trading?

I promised you some tips on how not to lose everything you invested. But I’m gonna give you more! Are you ready for tips which will help you to gain profit while trading? 📷 Please, keep it in a safe place. Don’t make a screenshot, don’t put it in “Notes”. Store it offline and your assets will be safe. 📷 Remember we were talking about scam crypto bots? So… You should be the only creature in this world who can withdraw the assets. 📷 Even the best crypto bot can lose money, because the cryptocurrency market sometimes is very unpredictable. To be sure you are not going to lose all the money you have on your account, use stop loss. But don’t be scared. It’s okay to make mistakes - even for a bot. 📷 Bull market. Bear market. The strategies are different for different markets, so switch your strategy every time the market changes. 📷 To set your bot you need to understand what you are doing. If you don’t know how to use crypto trading bot, it will be very hard to control it and to gain profit. 📷 Don’t forget that you pay fees for every trading (not with every bot, but still). So you should make enough profit to cover your fees. 📷 This is the best decision! Just find a good and trusted crypto provider and use his signals to trade with bot. 📷 Don’t do something if you don’t know what it is for. Write to the support or google your question. 📷 Don’t waste your time and money trying to trade with unknown bots.

Conclusion

Starting to trade with a crypto trading bot you should remember, that it still needs you and the parameters you give it to trade. “Hey, use my crypto bot and earn $1000 in a first day of trading!” Don’t believe it. Everything successful needs some time, effort and patience. Do trading bots really work? It is definitely possible to earn with crypto trading bots. They will save you a lot of time! But if you are a newcomer, take your time, read a lot of articles and start to trade slowly. And you will be a successful trader!
submitted by newguyonthe to u/newguyonthe [link] [comments]

Scam alert - humanityfwd.com - searching for confirmation but in anycase I'd suggest official donation channels

in the reddit chat, u/be_bo_i_am_robot brought up humanity foward were accepting donation in crypto for Andrew's campaign. I looked into it and personally it seems as a potential scam (8.5/10) Not only they don't redirect donations to Yang's ActBlue page but their bitcoin payment is made through (opennode.co), which makes a new address for every transaction and has different fees (from 1% to 3%).
The bitcoin form let's you go through with letters instead of numbers, other countries inserted and so on, here is an example:
https://imgur.com/a/1EggQkH
With bitcoin you could simply share 1 address where anyone can see all the transactions and there wouldn't be any fee.
Does anyone know who is behind this project and if it's legit? I don't see the reason on stealing traffic from yang2020.com other then the crypto part, but why not a simple btc address, proof of it being converted and then donated to the campaign?
I'd say most probable it's a scam but you never know.
(mods feel free to change flair, I really don't know which would be more fitting)
submitted by _JohnWisdom to YangForPresidentHQ [link] [comments]

How Many More Birthdays Until Bitcoin Wins?

John Biggs is CoinDesk’s multimedia editor. The views expressed here are his own.
Bitcoin just turned 11 and it’s worth looking at what this technology has achieved. First, some context.
Facebook is 14 while Twitter is 13. Linux is 28. The World Wide Web – the network you’re reading this on – is 30. TCP/IP is about 44 years old, depending on whom you ask.
If you’re into a bitcoin, you’re most likely 18 to 34 years old, according to pollsters at the Global Blockchain Business Council. And you probably joined the bitcoin party about five years ago and own some fraction of or even a full coin. Some of you own many, many more.
I’m about as old as TCP/IP. I’m part of the generation that saw computing’s evolutionary bloom. If you’re younger, you’ve gotten used to modern networking technology and you don’t remember a time when everything wasn’t done on a screen. You were there for the birth of bitcoin.
But on the 11th anniversary of the white paper’s publication, we face a question: How long must we wait until bitcoin becomes like Twitter or Linux, something you use every day? Ten years? Twenty?
Bitcoin, from the vantage point of pure adoption, has been a failure. But it remains a beacon, the best chance we have for truly shaking up the status quo and, ultimately, changing the way we interact with our fellow global citizens.
When will we be using bitcoin daily? When will the underlying technology embed itself into the fabric of our financial lives?
Shrug. We don’t know.

Bigger than Belgium

A billion people use Facebook every month. On Twitter, it’s 330 million. Both services ramped up quickly but really took off in the last few years. Linux is on 98 percent of servers worldwide – that took a while but ramped up after the dot-com boom. The web is everywhere, but that took a solid 20 years to happen.
How many people use bitcoin? It’s hard to gauge on a decentralized network designed for anonymity. For a rough proxy, CoVenture Research says there are “11.2 million bitcoin addresses that hold at least .001 BTC,” or about $9 worth.
That’s a big number, more than the number of people in New York, including the outer boroughs. Of course, a single user can, and often does, control multiple addresses. Yet if anything, this estimate may be too conservative. An April 2019 survey by Harris Poll, done for Blockchain Capital, found 9 percent of Americans27 million people – own bitcoin.
All told, it’s safe to say that if the crypto community were a country, it would be bigger than Belgium.
But it’s not 330 million and it’s not a billion. It’s enough that the average investor and programmer will take notice and it’s enough for Hollywood to consider the topic interesting enough for an awful movie. But 11 million in 11 years is not good for bitcoin.
If bitcoin were a startup it would exist in the Valley of Death. In the startup world, an app with 11 million users is strong enough to generate some revenue but not interesting enough to attract massive investment. Bitcoin is like that. It works, but not enough to turn heads outside of a vocal minority.
So where is bitcoin going? Is 11 million enough? How many more years until we get to mass adoption?
Another shrug. Another unknown. We see the forward motion every day on CoinDesk – the various small changes that add up to a story of a platform. (Or is it a movement?)
This points to the primary problem that bitcoin and the wider crypto ecosystem has to accept. Facebook and Twitter achieved those numbers through investments far smaller than bitcoin’s $165 billion market cap. Linux and FOSS endeared themselves to developers enough that they happily contributed their time freely. The web grows by itself because it is trivial to join the party.
Bitcoin exhibits few of those traits. Bitcoin startup investment is cold. The crypto ecosystem is insular and self-involved, difficult for outsiders to join. The network grows by fits and starts, driven primarily by Number Go Up. We are in a vibrant early stage in which everyone is a pioneer and there is no clear way forward. Infighting turns developer against developer while crypto clowns hog the mainstream media’s attention. Only a small, dedicated group holds the center together.
This is bad for bitcoin.

Stay tuned

By all rights, bitcoin shouldn’t survive another ten years. All the things that made Linux and Twitter and Facebook and the PS4 and Netflix commercial successes cannot be seen in bitcoin’s rise. You can’t spin up an AI that can write Harry Potter novels on bitcoin.
Bitcoin doesn’t move the world’s financial markets the way Twitter does nor does it get the same scrutiny that Facebook does. There is no “bitcoin and chill.”
Yet it still exists.
You will argue that it’s unfair to compare bitcoin to all of those things. But bitcoin is both a financial instrument and a technical product. It is, like a startup, a work in progress, an alpha product that may graduate to beta with a little more time. It is a good idea that needs another summer or two to germinate.
When I first looked at Spotify, 13 years ago, I saw the future of streaming music that freed me from CDs. When I stuck a copy of Mandrake Linux into my Pentium computer in 1998 I saw a future of machines freed from paid software. When I look at bitcoin through the eyes of an uninterested programmer I see numbers and hype and scams. But when I look at bitcoin through the eyes of someone who wants to catch the next big thing, I see the possibility that one day, not too far in the future, it will make banking and commerce vastly different.
All of the other services and tools I mentioned above are reaching their apex. It’s all downhill from here. Bitcoin, to quote the Joker, is just getting warmed up.
Bitcoin is a slow burn, one that will take another five or ten years to really explode. And when it does it won’t be visible like Facebook or Netflix. It won’t be one level removed from our browsers, hiding just out of sight, like Linux. It will be ingrained in our lives, in the interaction between our money and the world. It will be the currency used between humans and robots and between robots and robots. It will become so useful that it will disappear.
Bitcoin is 11. Where is it going? When will it win?
Shrug. We don’t know. But, compared with everything that came before it, there is little out there to stop bitcoin and a lot of energy driving it forward. It’s only a matter of time.
Bitcoin 2014 image via CoinDesk archives
submitted by casazeg to cryptonewswire [link] [comments]

High Risk: changelly steals my 3.3BTC ($30k USD)

I wish to start this by saying, that I am seriously sorry for anyone
here in this sub reddit that got tricked into the same trap.
Before that, I would have never thought that an "automated" exchange trade could fail so bad
that it would even influence my own health.
For me it is like destroying all my future plans and dreams at the same time since I will never be able to
make this amount of btc back.
Like most of us here I have started using changelly this year because of the low fees and high limits.
What I did not know at this time, was that they have been keeping an close on all my transactions from the beginning this year.
I have been testing and experiencing various services, but changelly is the only one who
is not near what they appear to be. On their website they claim to be this automatic, fast, reliable and instant
robotic exchange, but in reality they are sitting right in front of it, selecting their next victims.
At the day I got scammed by them, they have first let me exchange 0.4 bitcoin to monero, a few moments later 1 bitcoin to monero and finally a few minutes later at my 3.3 bitcoin to monero exchange on 28th of march they have decided to keep my money since then.
Tomorrow I will complete 30 sleepless nights.
http://prntscr.com/jawqnw
(their website messed up the transaction history order)
These guys does not warn you or anything, you cannot simple decided to stop using their service before or after they claim your coins.
You can also not get a refund like on any other exchange. After they have decided to steal your coins into their profits, you will face impossible questions and delays. You have to imagine, after using the same wallet since last year and many of the coins already went through their exchange service, they still force you to proof that you are the "real" owner of it.
My own mistake was that I trusted them by exchanging 3.3 btc that they are stealing without a doubt.
I send it for exchanging and not for them to hold it. they are holding them as hostage against my will.
Without a warning about KYC or similar on higher amount they do not process you transaction
and force you todo an impossible KYC, which makes you feel like a real criminal.
I would like to mention that I have sent them my selfie holding my id with an reasonable explanation of the initial source.
But still all they did after they stopped responding is that they kept asking for another impossible thing or two and another selfie and continue treating me like an terrorist.
Let me tell you that Im still 18 and I wished never to have shared my face in combination
with my btc holdings. In this case you cant even complain in the future since this company, changelly, have no address or number.
One thing in this process which makes changelly a 100% NO GO for anyone should be the fact that
compared to other exchanger like shapeshift they do not return your money.
Yes, exactly after several attempts trying to get them to return it to the initial wallet,
they "hold" your crypto, which is another way of claiming them.
We all know, if you hold your crypto, you own your crypto.
"No deposit storage and instant money exchange." is what they claim in their FAQ but it is a complete lie as you know now.
Why not simple return the funds and close the accounts like any other normal service?
Why should I start revealing my family member which have gifted me 4k$ usd worth in btc back in 2015??
Stop this madness and give people the choice to quit your service!!
I am talking about no fiat involved, only crypto to crypto, gifted bitcoin back from 2015.
If this is not a trick to steal my btc what is this then? a fine robbery in front of my face!
4 total weeks of asking them to send it back should tell you their real intentions with their service.
this will not be one these reddit posts where you will see me saying "oh nice thanks they sent it back", you will all see....
I highly recommend everyone to stop using changelly now or in future, if you plan to keep your coins.
There are several working alternatives, that does not collect your private informations or steal any your hard earned coins.
Please do not forget that they have zero risk exposure and are only doing this to gain more profits for themselves.
thank you changelly for making my life worse.
submitted by dinamonokokoko to Changelly [link] [comments]

USI Tech

I wrote this to a friend who attempted to recruit me into USI Tech.
heres my opinion
USI Tech has a lot of similarities with very problematic business models.
its ownership has problematic connections; it operates a multilevel marketing model that relies on the recruitment of new investors; i havent seen convincing proof that their software truly works the way they say it works.
ive found a lot of cloak and dagger having done a couple weeks of research on the company and my conclusion is that
for me personally there are too may red flags to invest. ive consumed a lot of material on the subject of their legitimacy from both sides of the argument. this is a complex question and it has a complex answer.
the objective truth of whether or not the company is a scam will be regarded as a matter of opinion until history reveals itself; as of right now you believe they are an honest enterprise, and i disagree. that is totally fine, we are both friends and we respect eachothers opinions and we want the best for one another; either of us could be wrong and it won't affect our friendship.
for me, the decision to forego the investment came from these red flags:
1.) Who. its hard to get an official document of exactly who owns the company however these are a few names that come up as people who have either seemed to own it or have at one point promoted it, all of which cast shade over themselves: Mike Kiefer, Ralf Gold, Joao Severino, Charles Scoville.
USI Tech is registered in Dubai and while that is not problematic on its own, there are devastating amounts of internet ponzis registered or operating out of Dubai, specifically foreign exchange trading scams.
2.) How. multilevel marketing. i despise MLM, i believe it is a predatory recruitment method that exploits people's hope and greed. while pyramid schemes can make money, very very very very very often the actual money making mechanism is the recruitment of new members and their subsequent purchase investments. even with a really shitty product you can make this go far so long as the hype is strong enough to feed recruitment.
my family was ruined when i was ten after my parents claimed bankrupcy over a zealous series of investments in Melaluca, an organic lotions MLM. this will always affect my bias.
3.) What. USI Tech's bitcoin product, what is it? do they offer a crypto trading software that works like their forex robot? as far as i can tell, there is no direct evidence of the actual trades that their software allegedyly engages in. my bottom line is here i can't come up with any evidence of a tangible product that truly does what they say it does which is problematic because they are offering a ROI which is apparently based on this robot's performance. moreover, if USI Tech is attempting some clever loophole trickery to avoid having registered with the SEC for selling securities, i have no idea what it is and that is alarming.
finally, 4.) Why. ponzi. if you do not know how a ponzi scheme works on a technical level, learn it, it is very simple. a multilevel marketing company out of Dubai that offers a cloaked software product raises supreme concern for me. their shelflife looks to have been extended by having added an anonymous and unregulated currency into the mix.
i don't doubt that at some level they are trying to make honest money, maybe that is what their mining operation is about. if they start offering cloud mining, that will be another red flag.
money can be made in a ponzi, i just believe its dishonest money. the operative is to discontinue reinvestment at a safe time. i cant put my btc in it because i believe it will contribute to the propagation of the business, which i believe to be malevolent.
__
for me, the magic is in bitcoin. not a robot that trades bitcoin. not a robot that trades in fiat markets.
i dont even speculate in arbitrage because the magic isnt even in the investment opportunity.
if what they say is true, and there is a robot that can consistently pull value out of crypto markets, then that is an innovative and lucrative achievement, but i don't buy it. if they use a robot to pull value out of forex, then my investment is directly participating in that system of currency that i don't trust.
you're a good dude, and obviously i have no hard feelings about your involvement, you will make money in it even which is great. like i said you can still make money in it and of course its tempting to invest so i might even buy a pack depending on how greedy i get, but my opinion isn't likely to change about the nature of USI Tech until i learn more.
submitted by beartowitness to Scams [link] [comments]

Time in Crypto changed how I look at this sector. In time, you will change too so try and be smart til then.

(TL,DR below) I didn’t know The Overnight Teenage Bitcoin Millionaires who everyone is so envious of… are Myth, like Pegasus or The Cheeseman. I literally thought everyone, well, most people, were making 34334% returns all day. I learned that the legend, Bitcoin MegaPimp, made a legit, significant, and consistent investment (way more than his lunch $ or few hundred bucks) when this whole thing started! Many of us are feeling the past week drop hard because we possibly dropped a little more than we could afford and watched it disappear overnight… Not MegaPimp. He sat through volatility and price dips so long and hardcore that there is no definition for it because nothing has even been close to that hardcore yet. MegaPimp understands NooB distress because he too lost EVERYTHING over (32.00 to 2.00 in 2011) and over (Mt.Gox) and over and over again for the span of 8+ years! It took guts, risk, discipline, and a true belief (that he backed by putting up his own capitol) in what Bitcoin will do for society to become MegaPimp. He didn’t get lucky by throwing a few hundred bucks at the coin of the day for a week or 2… it took years, and he deserves it.
At this point, the price of Bitcoin doesn’t really matter to me anymore. It won’t matter to you either once you see what this transition is all about. I would read posts of people who said that verbatim and think they were such self-entitled cocksuckers cause even a baboon cares about the price, right? Sure, but not when you mature in this market and realize what the pro hodlers mean when they say “now is always the time right time to buy.” What Bitcoin stands for and what it will do is the key that will carry disciplined investors to MegaPimp. If you don't know a thing about crypto, try to understand hodl until you can take the time to properly learn about the tech we are all throwing $ at. Buy Bitcoin and hodl it.
I didn’t realize what unregulated really meant. As the herd begins to meander into crypto, they will be blinded by the stories of fast $. They will think they need to get a lot of bitcoin for the price to matter and yield an awesome return because .01 of anything is pretty much nothing. Obvi. But... the partys already started (or warming up at least) and BTC is rather expensive for a whole 1, so the herd buys bags of shitcoins in hopes that hodl will one day = moon. Markets correct, other coins look better, we learn how to transfer coin, shoulda–woulda-coulda, panic sell once or twice and before you know it everything is lost and gone. Manipulation is not just part of the game, it’s the entire show! People act surprised about this. Every single day, dudes get into some steam git room / forum or some shit and talk about which coins to pump. Whales pump those coins and people chasing riches get caught in the storm and left empty handed. I learned all of the exchanges offer perks that give order book advantages to whales who offer liquidity to their exchanges (they access order details the public cannot see). There are no rules and no enforcers! Accusing others of “insider trading and manipulation” when that is all this market is and will be based on every day is so dumb in a decentralized and unregulated market. During those times when “it’s not fair” happens to you, it probably isn’t, but nothing can or will be done about it. Bitcoin allows us the opportunity to control 100% of our money 100% of the time. In conjunction with that is our personal responsibility to protect that asset while avoiding unnecessary risk.
TL,DR: Don’t be stupid. Overnight Millionaires are unicorns and unless you make a pretty huge investment before its way too late, those days have past. Understand that the volatility may force you to leave your $ in a wallet for a while to avoid taking a loss, so expect to leave your funds put. Decentralized and unregulated means there are no rules and no one to help enforce anything. Insider trading and exchange manipulation thrive here 24/7, people scam, exchanges cheat, and if you try to trade shitcoins, your face will get destroyed super mega. Most of the time, we are not even trading with human beings on the exchanges… it’s some fuckin robot program or some R2D2 bullshit that is trying to emotionally price fuck you into panic so you make a mistake! Sounds like some jaded shit, lol, but I’m serious! Don’t be the one that gets burned trying to turn the hooker into a housewife messing around with shitcoins tryin to get rich quick. You will get rich… over time; if you buy bitcoin, hodl, and try to not be stupid while learning from peoples mistakes and experiences instead of reading posts and stories simply for kicks and entertainment.
Good luck. 2018 will be awesome.
submitted by BreezeMaster13 to Bitcoin [link] [comments]

04-02 08:03 - 'I dig into FX TRADING CORPORATION' (self.Bitcoin) by /u/ice459pp removed from /r/Bitcoin within 2514-2524min

'''
Hello everyone, I,m a Taiwanese, Maybe my english expression is not very well,
but I try to tell you what I invest recently. If you feel this is a scam,
I must suggest you ignore this article right now.
Today I wanna introduce one company call FX TRADING CORPOR [[link]10 , this company in the Korean, and the first Presentation in Brazil, this company develop one technique to earn BTC(bitcoin), no matter BTC price increase or decrease. This technique in Chinese term is "对冲搬砖", they using AI algorithm robots to monitor a lot of exchanges to earn BTC. The robot complete almost 3000 BTC transaction in 1 sec.
But how do they earn money, achieving this technique, you must have huge amount of money, for instance, if 1BTC = 4000USD, Exchange A and Exchange B, both have cryptocurrency BTC, and do this following action: Both exchanges save 60000USD and buy 6 BTC

Exchange A: 60000 + 6BTC
Exchange B: 60000 + 6BTC
One day, BTC on the Exchange A now is 4050USD/per, BTC on the Exchange B now is 4000USD/per, We sell 6 BTC in Exchange A, and buy 6 BTC in Exchange B, do the following action:

Exchange A = 60000 + 4050USD* 6(sell 6BTC) = 843000 + 0BTC
Exchange B = (60000 + 6BTC) -6*4000USD(buy 6BTC) = 36000 + 12BTC
And another day, BTC on the Exchange A now is 3950USD/per, BTC on the Exchange B now is 4050USD/per, We buy 6 BTC in Exchange A, and sell 6 BTC in Exchange B, do the following action:

Exchange A = 843000 - 6*3950USD(buy 6BTC) = 60600 + 6BTC
Exchange B = (36000 + 12BTC) - 4050USD*6(sell 6BTC) = 60300 + 6BTC

So, we can count the BTC is totally 12, but we earn 600USD from Exchange A and 300USD from Exchange B, this is one transaction. But how about 3000 transactions in 1 sec? how about robot detect thousand of exchanges?
I'm found this company develop this technique and use it around 180 countries.
Now, I proof their company and website, all their data is true,and I exam their AI website using myssl to exam their security
[[link]11
[link]12
This following screen photo is their website rank, because their technique presentation is in Brazil.[[link]13
[link]14
I do the research for this company, and I find out their company registration
[link]15
Business registration certificate
Registration number: 663-63-00316
Company: FT Enterprise
Name:楊才(在)石 ,Date of birth: 1969-11-5
Opening date: 2018-11-26
Location of business: 釜山廣域市
Type of business: Manufacturing (development of artificial intelligence robots)
Office Address: 釜山廣域市釜山鎮區99-9樓-908
[link]16
[link]17
[link]18
[link]19
[link]20
Their facebook:[[link]21 [[link]22
Taiwan FX Trading facebook[[link]23
Their youtube[[link]24
FX is Korean company, first Presentation is in Brazil.Some youtube introduction
Chinese introduce FX Trading from youtube
If you wanna try to make money(BTC) from FX Trading, the minimun you can invest is 100USD,
AI robot will earn and make 1%~2.5% per day profit from Monday to Friday. And you can withdraw every day. Saturday and Sunday will earn for their company.
Again, don't make a loan to invest this. If you're interested in FX Trading, you can try it.
Remember, this is BTC in and BTC out mode.
It means BTC send into the AI robot, and withdraw BTC to your BTC purse.
You can register one account to start your plan.[[link]25
In the left panel, choose your plan, select one robot. If you don't understand FX Trading, don't invest to this.
[link]26
The following photo is my plan that first I select 500USD plan, and upgrade to 5000USD plan gradually.
[link]27
You can send Bitcoin to robot specific bitcoin purse and search through block chain explorer.[[link]28
When robot receive bitcoin, it will be activated, to earn your bitcoin from Monday to Friday.
Saturday and Sunday they earn for their company.
I believe this work 100%, I invest 5000USD in FX Trading, and earn 50USD~80USD per day,
and withdraw once a week(5% payment discount).
You can use your invite link in Dashboard to invite your friends to join FX,And I predict this technique Bitcoin cake can be eaten for three years.
[link]29
'''
I dig into FX TRADING CORPORATION
Go1dfish undelete link
unreddit undelete link
Author: ice459pp
1: *ww.fxtr**ingc*rp.co** 2: *yssl.*om/of*ice.fx*rad****orp***m?do*ain=*ffi*e.f*tradingcor*.com&*mp;*t**us=q 3: ww*.alex*.*om/*iteinf**fxtra**ngcorp.c** 4: ww*.*a*eboo*.com/f**r**ingcor*.worldwid* 5: *ww.f*ceb**k.c*m*FX*rading.in*o/ 6: ww***a*ebook.c*m*F***r*d*ng%*6%99*B*%E8%83%B*%E6%90*AC%*7*A3%9A%E5%*5%*7%E5*88*A9*E6*A9%9F%*5%99*A8%E4%**%**-546398855842671* 7: www*y*utub***o*/cha*nel/U*oUKQx2Q1v**3*xsK6i4V*Q/fe*tur*d 8: o*fic***xtrad**gcor*.com/sig*up/4*3*69f73*0p*h0n 9: *w*.bl*ckch***.com*explorer 10: www*fxtrad**gco*p.co*/*^^1 11: my*sl.c*m*office.fxtradingcorp***m*d**ai*=office.fx**ading*or*.co**amp;*ta***=*]^^2 12: i.r*dd.*t*5m7*t**7mgp21*png 13: *w*.ale*a*com/siteinfo/f*tradin**o**.*o*]^^3 14: i.redd.it/p*8f1tl**gp*1*p** 15: *.redd*i*/k**5ncnamg*21.*pg 16: i.re**.it*h*0*2ygemgp2*.j*g 17: i.redd.it/***16**fm*p2*.jpg 18: i.r*d*.it*ng***trgmgp2*.jpg 19: i*r*d*.it*yae**1*hmgp21.jpg 20: i.redd.*t*um8*bneim*p***jpg 21: ww*.fac*boo*.c**/fx*r*din*c*rp*w*rldwide]^^4 22: *ww.f*cebo*k.com/FXtrad*ng.i***/]**5 23: www.faceboo*.co****-***ding智能搬*套利機器人-5*639*85*8426*1/*^^6 24: *ww.yout**e.*o*/**ann*l/UC*UKQ*2Q1*wh3uxsK*i4V*Q/feature*]^*7 25: office.fxt*ading**r***om/si*nup/49*56*f7**0p5h0*]^*8 26: i.redd.**/x*gpt*6nmgp**.p*g 27: *.red***t/n5mawc7omgp2*.**g 28: www.block*hain*com/*x***re*]^^* 29: *.*edd*it/*twv*3hp*gp2*.png
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Signs Bitcoin is not going to reach mass adoption...

Bitcoin isn't going to go mainstream. No amount of Lightning Network (coming soon), SegWit (coming soon), bigger blocks (coming soon), or hard forks (never coming soon) is going to spur mass adoption.
Here are some tell-tale signs that Bitcoin is still on the fringe and will remain so.
I used Bitcoin for blank, give me karma.
Whether it's buying or selling something for Bitcoin, there are always those posts that seek confirmation from the echo-chamber that what they did is good for Bitcoin. You know what you don't see? Posts anywhere on reddit along the lines of "I bought this X for fiat from Amazon." You know why? No one cares if you use cash because it is mundane, widely available, and trivial to use. It is a tell-tale sign of mass adoption.
Bitcoin technology is going to revolutionize the BLANK INDUSTRY.
Capitalists are the kind who will find and exploit every advantage they can to gain a competitive edge. Be it technology, process, idea, or whatever if it can be turned into a money making machine. There have been estimates that Bitcoin has a $10 billion market cap, which is certainly impressive for something that came from nothing. But in the grand scheme of commercial trade it's a drop in the bucket. If Bitcoin were truly revolutionary, capitalists would have exploited it and actively contributed to its development already. Sure, there have been some minor localized successes, but not one truly revolutionary and successful billion dollar company has arisen. Not one Bitcoin company is a ubiquitous household name or brand. The ones everyone knows about in the Bitcoin space are irrevocably linked with fraud. Mt. Gox and Bitfinex for example.
...well. The most innovation in the Bitcoin space appears to be dark net markets and malware. Whether that's truly a welcome revolution is up for debate.
Bitcoin innovation is stagnant.
Other than slapping a miner on an already existing product, ahem 21 inc., what big innovation has there been in the Bitcoin space? The apps for buying and selling Bitcoin are all pretty much the same functionally. OpenBazaar has not heralded the end of online commerce as anticipated. It also continues to promise more features perpetually "coming soon" while the competition out-innovates them at the same time. Micro-tipping ChangeTip didn't really take off, and Steem or Yours isn't really a threat to any social network not focused around the idea. KimDotCom talks big, but he has yet to deliver.
u/changetip dose of reality
Bitcoin's fluctuating value makes it impossible for the average person calculate.
Notice that everything is still pegged to fiat in terms of valuation? Without using an internet device tell me how much $5 is worth in Bitcoin. Now decrease that by 7.23% because the BTC market dropped, again without the internet or a calculator. How much Bitcoin is that $0.99 coffee? What about this afternoon when Bitcoin is up 4.77%? What is your profit margin right now for being the seller? How about when you sold coffee for 12.19% earlier today.
Also, did you pay the right amount of penny shavings for your coffee transaction to go through? Yes? It may take up to 10 minutes to process. Maybe. Or not. We could have paid $0.99 in filthy fiat and been on our way already.
Widespread adoption isn't happening organically, or at all in most areas.
Outside of San Francisco and a few technically savvy urban enclaves where digital natives are on the cutting edge, there is no use case for Bitcoin in Kansas. Bitcoin has to rely on those who believe that it is better than fiat to spread the gospel of Satoshi (#NotACult). Until you don't have to have someone proselytize at length about Bitcoin's advantages over fiat, it isn't mainstream. How many posts have you come across where "I convinced Business Owner X to accept Bitcoin" only to check in later to find out they are no longer accepting it?
Speaking of cults...
Self-congratulatory posts patting the faithful on the back for their piety in printing out Bitcoin flyers or pasting stickers in public are frequent. Any time a Bitcoin logo is spotted in Mr. Robot, alongside the THOUSANDS of other symbols in it, the faithful are further convinced that widespread adoption is an inevitable reality. They're convinced viewers are keyed in to an insignificantly minor detail which will unravel the wisdom of the fiat destroyer Satoshi Nakamoto who will bring prosperity to all who read the hallowed white paper.
Also, deviation from the truth laid down in the whitepaper is heresy. #NotACult Which leads to all sorts of problems when the core developers, miners, or users want to change something for the improvement of Bitcoin. How many BIPs are actually implemented successfully without raising the ire of a vociferous userbase rabidly against change? (If you do know, please comment.)
Mass adoption would inevitably require regulation.
One of the functions of Bitcoin is to be a stateless, borderless, and censorship resistant currency. Does it accomplish that? Yes.
But if Bitcoin were to become widely adopted it would inevitably attract regulation. Uber is a great example of what happens when industry outpaces regulation. Uber drivers disrupted the taxi industry mainly because most places did not have regulations in place. Although providing an innovative service, it also led to insurance problems when drivers got into accidents, or health and safety concerns when drivers or riders get involved in an incident. Regulation is bringing the cavalier industry back into the realm of public safety and security.
Bitcoin may outpace regulation for a while, but mainstream adoption will inevitably require regulation at some point. How much of a percentage profit is legal when selling Bitcoin at an ATM? How do you classify gains or losses on taxes? What if I want to set up a retirement plan? What if the entity I store my Bitcoin savings with goes under? Those sorts of every day questions have legal ramifications that need to be parsed out for people to feel secure enough to adopt Bitcoin.
If you're screaming "STATIST SHILL" while reading this on a computer of some kind, remember that there are legal regulations insuring the device you're reading this on conforms to certain requirements.
Be your own bank is not a good thing for most people.
We hire people to be experts and professionals to do things we are not good at ourselves. You'd hire a lawyer to litigate on your behalf. You'd hire a plumber to fix your leaking pipes.
Most people are not good at being their own bank. Storing large amounts of cash in areas that are susceptible to theft is not a good idea. That's why people have banks. Do banks get robbed? Yes, but regulation insures that your deposits will be reimbursed. Can you be your own bank with Bitcoin? Yes. But you also assume all the risk, even the ones you are not cognizant of. bitcoin is no stranger to posts from users who lose their bitcoin with no means of recovery because they didn't fully anticipate the risks. SFYL.
But why would you want to go through all the hoops to be your own bank? You still need to convert that Bitcoin to fiat (or vice versa), get a loan for a car or home, or pay utility bills.
Irreversible transactions mean your money is gone.
Unless the person on the receiving end is feeling altruistic, those Bitcoin you sent to the wrong address or were "hacked" from the exchange you use are gone. How many people have been successful at recovering their lost Bitcoin through legal means? How many lawsuits have been successful at this?
::crickets::
The place where I store my money took 30% because they screwed up.
The ongoing BitFinex debacle is a prime example of why you should trust no one with your Bitcoin. Sure, they appeared legitimate. They were operating a successful exchange. Everything appeared to be in order and were highly recommended by most in the Bitcoin space. Until they got "hacked" and decided to distribute the "losses" among the users.
Most of those who lost Bitcoin in the hack are powerless to do anything. Some have turned to the authorities to recover their losses. Some are trying to mount a lawsuit. Some are going through the various stages of grief.
The inevitable "hack" that large Bitcoin entities experience is becoming a routine way for trusted innovators in the space to cash out safely with other people's savings. Mt. Gox, Cryptsy, and BitFinex are merely the largest skulls on a pile of bones of cryptocurrency heists. They were all trusted, until it became apparent that it was all a scam.
An industry where "trusted" actors can get away with theft is a barrier to widespread adoption.
Reddit is the primary communications platform where announcements occur.
If you've been burned by bitcoin or some company's support agents that didn't respond to your post, we welcome you with open arms.
Bitcoin is going to put an end to wars and government tyranny.
At what point in history has the use of currency determined whether or not a group, religious faction, or nation is going to wage hostilities against another? Or that adoption of a currency led to an outbreak of peace? It isn't going to happen.
Every now and then Greece, Venezuela, or (INSERT AFRICAN COUNTRY HERE) experience economic turmoil and it is viewed as an opportunity for Bitcoin adoption. No, it isn't even an opportunity. Because the people who use Bitcoin also have easy access to stable fiat currency through banks. They have the first world luxury of being able to convert fiat to Bitcoin relatively easily. (If jumping through several additional steps can be considered easy.) Has Bitcoin taken off anywhere with economic turmoil? Let's check the history books. No. Not one. Even marginal increases in adoption didn't occur.
I'm sure there are Captains of Industry who disagree with me for expressing these ideas. I'm sure there are also those who like me have been banned from bitcoin for pragmatic, practical, and reasonable insights. If you've wandered over here from bitcoin or btc or are u/americanpegasus looking to waste $50,000 of your precious time... welcome.
Gentlemen...
submitted by kenfagerdotcom to Buttcoin [link] [comments]

I want to talk about Bitcoin scams

EDIT: I edited the name out of a screencap. sorry about that.
pardon the wall of text but this is super important to me.
i am a hardcore bitcoin evangelist and my entire facebook friend list probabaly associates me with bitcoin because i spend a great deal of time educating people and discussing it on social media. my background is computer network engineering and web developing; i've studied bitcoin for a few years now.
first i wanna talk about USI Tech.
not long ago i was asked to invest some bitcoin via a company called USI Tech. at the time, USI Tech's only relation to bitcoin was that they sold cryptic "bitcoin packages" that would return 140% over 140 days. that means if i gave them 1 BTC today, they would give me 1% of a bitcoin for 140 days, meaning that after 100 days, my initial investment would be recovered, and then all i get to do is wait for those 40 days to see my profit.
when i was first recruited, it was before they rebranded themselves. this was just a few weeks ago. prior to this rebranding, there was no indication from the company regarding exactly how they were able to provide that kind of return on investment. at the time their only product other than these "bitcoin packages" was a license that provided access to a very special very secretive robot that harnessed artificial intelligence to yield apparently handsome returns via speculative arbitrage in the foreign exchange market. there are zero trades attributed to this "robot" and in fact there is zero evidence of a robot at all. they do have software for their customers that apparently track gains however there is zero correlation between these numbers and their apparent source.
since their rebranding, they are now marketing these "bitcoin packages" as having generated income via cloud mining. keep in mind that USI Tech does not sell hashrate, nor even techinically access to remote hardware; USI Tech sells "bitcoin packages" however how these packages specifically relate to hashrates accessed on remote hardware, or cloud mining, is not at all explained. in fact, here on their website they say that details will be released and then reference a date that has already passed..
to be blunt, cloud mining is a meme. mining cryptocurrency for a profit is generally difficult even for the big boys in China. that bitcoin could be worth more in the future than it is now is the reason why miners mine; the energy spent mining bitcoin costs more than the value of those mined bitcoins.
how does USI Tech not only mine so successfully that they themselves can be profitable, but so that customers who purchase this mining remotely can be successful to the tune of 140% over 140 days?
also they are in pre-sale for their own ICO,
also they have zero registration documents filed with the SEC,
also the names that used to be on their masthead, Ralf Gold and Joao Severino, were involved in past scams,
also their business is registered in Dubai, just like almost every single forex ponzi,
also like i said there is zero proof that they trade anything at all, anywhere.
i really thought i knew my shit. is there a more experienced bitcoin user that can point to any situation where that sort of profitibility can be achieved by cloud mining?
if the question seems rhetorical for the high bitcoin minds on this sub, then maybe i've done my duty by exposing USI Tech's dubious claims and raising suspicion which brings me to my next point:
secondly i wanna talk about the tactics used by this company to fool people.
primarily i should say that USI Tech operates a multilevel marketing structure that rewards recruitment through commission. it is not a coincidense that ponzi schemes use MLM structures to grow; ponzis require a continuous flow of new investment in order to work. to be blunt, MLM is a predatory business approach that exploits people's hope and greed. all MLM use the same tactic of targeting people's desperation to earn passive income.
USI Tech takes advantage of a population of people who are desperate to invest in a technology they do not comprehend. this is how they can get away with selling something that there is no evidence of. people now have a very dire desire to be involved in bitcoin because they have seen the news. people that do not know enough about investments, let alone cryptography, are aching to enter the space before all the potential is claimed.
there is much fertile potential to scam people who don't know that hyperbole like "smart contracts made off-chain that return high yield arbitration via intelligent algorithms backed by authenticated crypto-asset bonds.." is all bullshit. in most cases, even if they could, there is no code to review, no whitepaper to digest, and in the case of USI Tech, not even satisfacory rhetoric to substantiate anything being sold by these scammers.
earlier today, i went into a facebook group called USI TECH BITCOIN TEAM SUCCESS, and i asked a question. i said "i'm interested in joining USI Tech, and as a programmer and bitcoin nerd, i want to know the details of their mining operation." immediately the reaction was two-fold. promptly some were chiming in with agreeable sentiments like 'i've also wondered' and 'yes there is a lack of transparency', and others were already indignant with stuff like 'they said they are working on transparency give them a break' and 'troll detected, usi tech is not a scam because look i made money'.
okay fair enough the conversation was started and i was pretty quickly banned from the group. i had a dozen or so people in my ear at this point asking me what happened, people that have invested real money in this company. i spent hours discussing this with some of them. i had a conversation with the group's admin, here it is. he basically says that he doesn't want to upset people that have found a way to make money, and that my questions should be directed somewhere else.
i've sent exhaustive emails pondering specifics to USI Tech to no avail.
in conclusion, bitcoin has provided rich new opportunities for scamming people.
let me be clear: yes money can be made in a ponzi scheme. the operative to earning money in a ponzi is to know when to discontinue reinvestment. by all means, partake in the ponzi even, so long as you know what you are contribtuing to. the number one argument that people will make in favor of the ponzi they're in is
"but i made money".
it is our duty as crypto-enthusiasts to spread responsible education regarding bitcoin. i say to people "if you are interested in bitcoin, invest in bitcoin, because that is where the actual innovation is".
TL;DR: fuck bitcoins ponzis like USI Tech, stay alert, stay safe.
submitted by beartowitness to Bitcoin [link] [comments]

1broker copy guide - avoiding extreme losses

First off, let me state that I am not even close to a professional when it comes to trading. I got in a few months ago for passive income from copying 3.14fx and have come a long way since then, quadrupling my initial investment and losing half of it. I've watched traders such as cfdtrader, Lumyo, Robot, and crypto_chris lose several hundred percent after a fail from opening multiple positions. I got into 1broker to make money without monitoring it, but instead I learned a lot about trading and risk management, even profiting off several of my own trades. It's a valuable experience in itself even if you're not profiting and I wouldn't give it up for anything. If these losses are enough to make you quit, so be it. Investing comes with risks that some people can't handle. It's not free money.
https://www.dailyfx.com/calendar is the economic calendar that I use while trading. High importance events can easily trigger a 80% loss or gain depending on the direction you choose. It's highly risky to trade when someone of great importance such as Draghi or Yellen are speaking.
Even if you follow a general MAX 5% rule, you will still lose up to 16% of your account if somebody opens 4 of the same positions and they stop at 80%. Making back money is also tougher than losing it, as once you lose 16% of your account, 5% of your account is a lot less than before. Therefore, you have less capital per trade.
Also, be careful when changing your copy amount. I often see copiers saying things like "Great work, I'm upping my copy amount" and "Increased copy amount from x to x". In my opinion, increasing a copy amount should only be done when your initial amount is already low. Losses on a higher copy amount may wipe out the gains on a smaller copy amount. (-50% loss with 0.1 btc = +100% gains with 0.05 btc) Always stick to a 5% max rule unless you're feeling risky.
Then, there comes the gambling/greed phase that many new copiers often do. (Guilty of this myself). After extreme success, a copier may feel the need to upgrade their copy reward to maximize profit. Or after extreme failure, a copier may feel they need to upgrade their copy reward to make up for losses. All of these are mistakes.
1broker is not filled with market professionals. Most of us here are either self taught or complete novices. Professionals would not be sharing their trades for about $70-80 for each trade (at best). They won't be asking for copiers on other traders' profiles. They won't be using a Pikachu as their profile picture. They won't be using a broker that isn't heavily regulated and insured. They would be using their own capital to make millions off of trades.
Remember, any newbie can easily accumulate winning trades by gambling with high leverage. As long as they have around $1300 as of now, they can easily create a profile that suggests that they are a professional, when in reality they are entering at random points and exiting when a position turns into profit, rather than using technical analysis and watching economic calendars.
And even the best of traders will have their ups and downs. I've stuck with 3.14FX even when he reached -100% this month because he's had a great history on this site. I feel that he can make the money that he loses back. And even though he has doubled up on a position yesterday (not sure why, probably was extremely confident), it was a success.
Can you really trust anyone? No way! Unlike regular trading, 1broker is more unregulated. Signing up requires no personal information so any user with malicious intent can build up a steady reputation and perform an exit scam (or have a massive failure) without any reparations. Robot has no link to any social media or anything in his profile. For all we know, he could own another account that has -100%, and he is depending on luck while opening multiple positions to accumulate followers. (I just used Robot as an example, my intent is not to accuse him of multiple accounts)
Then there are potential exit scams (from a trader, not 1broker itself) that will drain a decent portion of your account. There's a reason why you have a choice to choose how many trades maximum you can copy per day. This hasn't happened yet, but it will definitely happen in the foreseeable future. Somebody will set up an order for 50 shorts and 50 longs and set the take profit and stop loss the opposite of each other. Then after closing, they'll withdraw their bitcoin never to be heard of again.
When you put your trust in a trader, you should trust them to carefully monitor a trade. Unfortunately, there's currently no way to tell if your copied trader is online or not, so you'll never know if they're in a coma and won't be back for another 6 months. My suggestion is to either take profit when you think that the conditions are correct or just trust the trader. Nobody can see the future. If you think that you'll rather close the trade before the weekend, it's your choice. If you think upcoming news will destroy the trade, feel free to close early. However, be prepared for regret if it goes up, or a great feeling that you dodged a bullet if it goes down. It's all a part of trading.
1broker's copy system is seriously flawed at the moment. Of course, there's no easy way to fix it. Why would a great trader want to share one of their trades if they're not getting much out of it? This encourages opening multiple positions to maximize copy rewards, which can result in massive losses. Robot is one of the traders exploiting this.
So how can you prevent massive losses? There's really no way. You're putting your trust in random people without an identity, who can easily be a scammer. When it comes to people like Robot, I put 1-2% of my funds because I know that he opens multiple positions. This is why I'm always sticking with 3.14FX, he established himself a long time ago and he knows what he is doing. Somebody who has been on the platform for over 3 years with several losses is preferable to an anonymous newcomer who just registered but appears to be good at trading.
Also, the percentage on 1broker is misleading. You may think "Wow, I'm going to get an 500% of my initial investment if I copy Lumyo!" In reality, you should only be using 5% max of your capital per trade. If you copied him from the beginning (I started copying at around 90%), you should have only gained 25% rather than 500%. But still, 25% of your initial investment is huge.

My opinion on several traders

vits2015: If you watched vits2015 from the beginning, you would know that their style of trading is... off. 15 positions on UK100, all short, some of them at -30% when I first saw him as a successful trader. What does that tell me about him? He can open up to 6 positions on the same trade at once, and is willing to hold them as long as possible to get a profit. (Average holding time 8 days)
gtfann: Even with recent losses, he still appears to be a decent trader. It seems that he upped his usual leverage due to the crowds of traders flocking to copy him though. Multiple positions with a lower leverage isn't really something that I like either, but I'm sticking with him for now until there's a drastic change.
vaiono: He lets his losses play out and even though he has a decent track record,it's still risky to play with. Silver is extremely volatile and due to leverage, a small move in any direction can either be a huge loss or huge gain.
Snortex: Pretty much a meme on 1broker. He acknowledges his trading style and warns his copiers. I like him as a person due to his warnings, but still wouldn't recommend copying him unless you can afford to lose a lot. Edit: After examination of his trades, I feel like he's not only gambling like his description suggests. His entries are planned out carefully (Although that has hurt him when there was a flash crash). You'll take several 80% losses but you may take several 400% gains. He seems to have a habit of chasing a trade, which can lead to multiple 80% losses. However, once the trend reverses, his profits go through the roof. When you're copying, copy for the long term! Of course, feel free to uncopy if you feel that the bottom is still far away.
noIDea: He has had bad stretches in the past, but still makes his way back. I think he's a good trader and even though he opens multiple positions, he's one of the best at setting stop losses so the risk is not as high as others who open multiple trades.
Gold_Gangsta: Name change from Crypto Chris for some reason? Be wary of multiple positions as the USDJPY fiasco shows. Seems to be doing fairly well with gold as of now.
1monk2: Multiple positions fairly often, even says that he's drunk in the description. This is gambling.
knightlife999: The description definitely shows promise. There is no proof to those claims on the site, but I feel it's safe to allocate some of your funds toward copying him with his track record.
HedgeCryFx Risk 5: Decent trader, pays attention to economic calendar as well. The only problem is that he lets losses play out to 80%
boogi: I would be wary about the higher losses, but then again, there's a good track record.
sergiomc: Seems to be decent at trading stocks. With an average holding time of 14 days and leverage of 10, you should be expecting to lose about ~3.92% of your gains to financing, which is not actually that much.
Cool Hand Luke: Low leverage trading. If you were to copy him, I would recommend only using 1% or 2% of your account max per trade if you plan on copying others as well. He's a great trader for slow steady gains, but if you're looking to get rich fast or go broke trying, this is not the guy for you.
eylemc: Quick trades with minimal profit and no losses so far. As of now, it may be too early to judge, but I think that he's somebody that might be worth copying. Edit: Seems to let losses play out to 80%. Be wary.
3.14fx: Back in the game, doing well with stocks and USDJPY recently. High leverage, but usually stops losses within a reasonable range.
SunnyNet: Small gains, huge losses. Be wary as your first copied trade could easily be a -80%.
SatoshiReport: Trading using a neural network, after looking deep into the trade history, I'm not so sure about it. Correct me if I am wrong, but the bot doesn't take into account important news and events. Edit: This bot has too many flaws to continue copying in my opinion. Even with the previous gains, it opens the same position as soon as one closes, negating the 33% stop loss AND forcing a loss due to the spread. The only thing that keeps it out of the negative is the rare 80% gains that you might find once in a while.
CryptoMessiah: The image being shown on his twitter has weird numbers on it (USDJPY at 100-103 in the matter of minutes), I think it's a simulator so it isn't actually "proved". Also, asking people to copy for "free money" is misleading as anything can go wrong in the forex market, there is no guaranteed money. I copied with a minimum 0.001 btc and will update this post if the bot proves to be successful. Edit: Tons of losses trying to get the right direction and then huge wins. I would say it's ok, but you're better off with a human capitalizing on gains. The only advantage to this bot is 24/7 hour trading.
kosanet: His description says it all. Be careful while copying, but don't be discouraged to place an amount you can afford to lose. He seems to have a great history of monitoring losses (positions never get below 20%) but it's still a new profile who clearly states that he's not a pro. May open multiple trades and trading with USDJPY a lot. His scalping strategy means that overnight fees won't be an issue. Edit: Now he's starting to be a little more risky with his trades as more copiers arrive. Be careful, he never reached liquidation at 80% yet but he could at any moment.
google: A bit late to the party, but what can I say? I honestly can't believe he accumulated 190 copiers but he seems to have faded out quickly. Golgo13 is having a fun time on all of his trades
KillerWhale: Extremely high risk with all of those multiple positions. Like google and robot, don't be fooled by performance recently and look through their whole account. People who saw the 220% recently may have missed when he was in -475% a few days ago.
SoontobeWW3: Great trader in my opinion. However, I think emotion plays a role in his trading as every huge loss is often followed by more.
APPoh: Seems to know what he's doing. However, there is a very short trading history and we're never sure. Positions can reach 50% without closing, so it's very possible that he might let losses play out to 80%.
dingo: Not much to say. Good with 1 position at a time, and even with the 80% loss last month, still ended in profit. Be careful as he might sometimes not stop a position and instead wait for it to recover and a 80% loss is huge compared to his gains.
Edit August 12: Will stop adding new traders now. Before copying someone, remember:
  1. Check their trading history, ALL OF IT. You're entrusting them with your money, you should be 100% sure.
  2. Wait until they've established themselves. Sure, you can be frustrated about potentially losing 200% profit, but it sure beats 700% losses.
I already expressed my views on Robot and 3.14FX above. Lumyo is currently inactive.
Last tip: Don't uncopy people if you feel like they can make it back. If you choose to copy someone, you're in it for the long run. Now this may contradict some of my earlier statements, but if you have somebody that you believe in, don't uncopy them after a loss. Eventually, they will make their way back up and after you see their success again, you'll be tempted to copy again. Of course, if you are copying somebody who you have no faith in, feel free to drop them. Cutting your losses short is important to learn in trading.
submitted by FCatarina to 1Broker [link] [comments]

Blockchain Rising — Adoption, Legislation, and Regulation

Blockchain Rising — Adoption, Legislation, and Regulation

Blockchain Rising — Adoption, Legislation, and Regulation



Can you believe it? Last month, we celebrated the 10th anniversary of the Bitcoin whitepaper. Who could have imagined one decade ago that Satoshi Nakamoto’s peer-to-peer digital cash system would have such a tremendous impact? It took a true visionary to see the future potential of Bitcoin way back in 2008. Fed up with corrupt, centralized banks that caused the 2007 market crash, Satoshi created Bitcoin as an alternative economic system. Bitcoin’s road to mainstream adoption has been long albeit steady. Let’s take a look at the adoption and regulation of Bitcoin to get a better idea of where it will go in the future.
Technology Adoption Phases
Adoption of new innovative technology will go through different phases. According to Everett Rodgers, the author and inventor of the Diffusion of Innovation theory, there are five types of adopters — innovators, early adopters, early majority, late majority, and laggards.
Diffusion of Innovation model by Everett Rodgers
Theories regarding which stage of adoption blockchain technology has now reached vary, as industry professionals have different ideas on whether we are in the early adoption or early majority phase. The fact is that after its initiation in 2008, startups, established companies, and governmental entities have slowly begun researching and testing blockchain technology. According to an article in Forbes, over 50 big corporations are currently exploring the innovative technology as a solution for their business model. The blockchain market grew from having a total market capitalization of $16 billion US dollars at the end of 2016 to a total market capitalization of $212 billion US dollar at the time of writing.
So in essence, the industry’s value has increased exponentially while the global adoption has not yet hit the mainstream. However, it is growing at a slow but steady pace. This past year we keep hearing more and more stories about blockchain adoption by governments, startups and established corporations. The category suited for this phase fits the early adopter phase in my opinion.
https://preview.redd.it/m9w2e36bfq021.png?width=960&format=png&auto=webp&s=af15cfcfe021dd94919c2379906a7ca55992c35a
Blockchain Regulation
While worldwide blockchain regulations are becoming more and more common, there is no global standard for how blockchain is being regulated. While some governments are becoming more receptive to blockchain implementations, others are in favor of slowing down or bluntly restricting the implementation of blockchain technology.
One of the countries that is highly conscious of blockchain regulation is the United States. Operation crypto sweep was launched by the NASAA (North American Securities Administrators Association) to find and prosecute fraudulent ICO projects. The result was no less than 35 pending or completed enforcement action. In addition, the Securities and Exchange Commission (SEC) has filed various legal actions against companies that do not comply with their regulations. The SEC has even gone as far as to fabricate a scam ICO called Howey Coins full of red flags in order to warn people about malicious practices and businesses extorting money from individual investors. It was their way of showing people that if something seems too good to be true it usually is.
Cryptocurrency and blockchain projects doing business in the US need to be very careful about being classified as a security — even if their project claims to issue “utility” tokens. The distinction between a security token and a utility token is unclear leading some companies to operate as if they are issuing securities but then meeting all of the qualifications of an exemption such as Regulation S, a safe harbor from registration requirements. When it comes to the SEC, it is definitely better to be safe than sorry!
Moreover, various lawsuits have taken place already in which blockchain companies faced legal action for non-compliance with local regulations. The cryptocurrency Ripple has been in an ongoing securities lawsuit against the state of California. Tezos also followed a year-long legal battle with the state of California before they could officially launch their project after raising $230 million dollars in an ICO.
Just last year, China announced a total ban on cryptocurrency, resulting in Chinese-based blockchain companies needing to shift or shut down their operations and find other more blockchain friendly jurisdictions. After China, the Republic of Korea banned initial coin offerings (ICOs). As a frontrunner in adopting innovative technologies, Korea is focused on drafting official rulesand industry standards for professionals in the blockchain industry.
Singapore has always been supportive of blockchain technology and is open to companies adopting it. In November 2017, the Monetary Authority of Singapore (MAS) issued a Guide to Digital Token Offerings. The guide offers information for financial institutions on the obligation to obtain a license when offering digital assets to the public.
The European Union is also pretty blockchain-friendly. Switzerland has always been pro-blockchain and its city Zug has been deemed crypto-valley as many blockchain companies are based there (e.g. the Ethereum Foundation, Cardano).
Last month, Kambria COO, Tra Vu, joined Tom Trowbridge, President of Hedera Hashgraph, and Nick Chong, Head of North America at Quoine Exchange, at IF Conference in New York City to discuss blockchain regulation. Quoine is the first global exchange to be regulated by the Japanese government. After the Mt. Gox collapse, the Japanese government decided to regulate Bitcoin and to establish it as an official method of payment. Exchanges have to be regulated to operate in Japan similar to banks and are required to take certain measures to ensure security and storage of cryptocurrency. As a result of regulation, Japan is a leader with respect to crypto regulation and the awareness of Bitcoin in Japan is very high.
But the country that currently ranks number 1 as the most blockchain and cryptocurrency friendly jurisdiction is…Malta! Some refer to it as “the blockchain island.” On July 4, 2018, the Maltese government approved 3 different laws that act as a framework for blockchain, cryptocurrency and distributed ledger technology (DLT). Besides blockchain technology, Malta is also a fan of innovations in the robotics and AI industry. They recently initiated an AI task force that will build a roadmap that leads towards granting citizenships for AI. Last year, Saudi Arabia was the first country to officially recognize a robot as a legal citizen within their jurisdiction. The honor goes to Hanson Robotics Humanoid robot, Sophia!
Blockchain Roadblocks
In spite of global progress, blockchain has some roadblocks ahead in pursuing mainstream adoption. The primary issues that slowed adoption last year are referred to as the blockchain trilemma — scalability, security, and efficiency. This came to light last year when interest in cryptocurrency and Cryptokittes piqued. Fortunately, solutions that speed up the network, like Lighting Network for Bitcoin and Plasma and Sharding for Ethereum are now being developed.
Another issue is the fact that blockchain needs to have easy access for every member of our society. New users might get overwhelmed with the extent of cryptographic knowledge that is required to safely make a transaction on a blockchain network. Rookie mistakes include sending someone your private key instead of your public key, depositing a coin into a different coin’s account (BTC vs. BSH), and not doing your own research (DYOR).
There is also the threat of quantum computing. This threat will probably take a while before it will become serious, but it is something to consider in order to move forward with blockchain technology. Various developers are working on creating a quantum resistant ledger. When the time comes, and the quantum computing threat needs to be addressed, a hard fork can be initiated to change to a different quantum resistant ledger.
Blockchain regulation and laws that apply to startups in the blockchain industry and established companies utilizing the technology are essential to mature the market. Regulation will also discourage malicious entities from entering the market. A market with fully-compliant organizations is very healthy to keep the industry moving forward.
Future Blockchain Evolution
When it comes to achieving mainstream adoption, the biggest roadblocks the blockchain industry is facing are solving the scalability, security and efficiency issues and creating blockchain-based payment solutions that are easily accessible to all members of our society. Blockchain technology, with the addition of smart contracts, can have a revolutionary impact on industries like fintech, health, robotics, and AI. Financial products like mortgages and insurance policies are just two of the highly suitable products that can be initiated with blockchain and smart contracts.
Open innovation protocols, like Kambria Network, where community members come together, share resources and work on developing, manufacturing, selling and buying innovative tech products and services are the future and I don’t think anything can stop it. It is just a matter of time before the world practically runs itself through the implementation of blockchain technology.
The Kambria Team
Website: https://kambria.io/
Whitepaper: http://bit.ly/2JbuET7
Telegram (ENG): https://t.me/kambriaofficial
Telegram (KOR): https://t.me/KambriaKorea
Telegram (VIE): https://t.me/KambriaVietnam
Telegram (CHN): https://t.me/KambriaChina
Twitter: https://twitter.com/KambriaNetwork
Facebook Page: https://facebook.com/KambriaNetwork
Facebook Group: https://www.facebook.com/groups/kambria/
Reddit: https://www.reddit.com/KambriaOfficial/
Medium (ENG): https://medium.com/kambria-network
Medium (CHN): https://Medium.com/kambriachina
Steemit: https://steemit.com/@kambrianetwork
Weibo (CHN): https://www.weibo.com/kambriachina
Email: [email protected]
Kat is sold to be used on the Kambria platform.
submitted by Freeme62410 to KambriaOfficial [link] [comments]

Spit-Balling: Centralized exchange where users hold their keys (idea/thoughts)

I'm just thinking through this idea, and I know we already have some work on decentralized exchange options in the community. Regardless I think events like today offer a perfect catalyst to additional thought experiments.
The BFX Downfall:
So BFX was using 2-of-3, where BFX held two keys and BitGo held one. BFX and BitGo jointly signed transactions, and BFX had a backup key offline (presumably buried in a safe near the earths core, guarded by killer robots). On paper, this sounds like a decent security measure. As a user you have to trust BFX (not to use their second key and steal your funds) and you also have to trust that BFX and BitGo won't collude or jointly be hacked.
In practice, we've now seen this approach breakdown. Given the known facts, it seems someone with access to only BFX's infrastructure was able to use their key and convince BitGo to sign (details are unclear how, but it obviously happened - or something similar happened).
The Exchange:
I don't want to focus on exchange features, and instead discuss the security of the Bitcoin funds, on exchange, only. So imagine we have an exchange that is functionally identical to BFX. Exchange, Margin Trading, Lending, etc.
For the purposes of this post and being lazy, I'll just use BFX in place of this hypothetical exchange implementation and BitGo for the hypothetical un-biased security party. We can just pretend they implemented it.
Direct Exchange:
What if this exchange still used multi-signature wallets for each user's "exchange" wallet. But instead of 2-of-3 where BFX owns two and BitGo owns one, they use 2-of-4 where the user holds two keys, BFX holds one, and BitGo (or equivalent) holds one.
Under normal use-cases if someone makes a BID/ASK @ MARKET, they are matched up and sign the transaction with their two keys immediately, broadcasting to the Bitcoin network.
In the case that your BID/ASK can't be matched, or you have a LIMIT/STOP, instead of a MARKET order, you authorize BitGo to sign a single transaction for X amount. Better yet if BitGo gave you further control over when it would sign transactions (daily limits, total per transaction, or even authorization per transaction). Presumably this would all exist in the exchange platform. Then you could be offline, but BFX and BitGo could still sign the transaction and you'd complete the exchange.
Now this doesn't really help in the case that BFX and BitGo collude or are jointly-hacked, or whatever happened with BFX today. But it does provide more security to the end-users. Users are free to withdraw their funds from this joint wallet at anytime, without intervention from BFX. In fact, in today's exact example, all users who were unaffected, or those who noticed mid-attack, could have pulled their coins immediately, regardless if BFX was allowing trades or not. So there is some additional benefit over what we saw today.
So at this point you might not think this is all that different to other decentralized approaches, and you'd generally be right. It does have some added benefits and some added risks, but by and large it's a pretty straight forward transfer or Bitcoins, likely something nearly any decentralized offering would include. The benefits include a centralized BID/ASK wall, etc. The typical high liquidity a centralized exchange is likely to afford. Plus there is an added safety net if the user loses their keys.
Margin Trading:
This is a feature that is highly sought and hard to implement in a decentralized exchange. This is also what I wanted to focus on, from a security perspective. If we focus exclusively on the Bitcoin side, margin trading works in fairly simple terms. Someone is loaning you BTC to trade.
So, in this case, the user's "margin" wallet would be a 2-of-4, with the borrower owning one key, the lender owning a key, BFX another, and BitGo holding the final key.
Unlike the direct exchange outlined above, margin trading would likely have to be off-chain. Though I think that somehow getting that onchain without x-of-n2 would be very interesting. It's something I've thought about but not found the correct solution.
The obvious point to ensuring the (borrower or lending) user doesn't have the 2-of-X is to ensure they can't withdraw the lent Bitcoins.
Again the benefits and risks work out the same. If BFX and BitGo have issues or decide to scam you, they can walk away with the funds. But being two separate institutes, we've reduced or at least hedged the risk. If the exchange goes belly up, stops trading, or you otherwise want out, you still have the ability to work directly with the lender (to settle up any differences, outside of BFX) or possibly even BitGo depending on the circumstances.
Lending:
Your "lending" wallet is identical in structure to the"exchange" wallet: 2-of-4 where the user holds two keys, BFX holds one, and BitGo (or equivalent) holds one.
Once the user has posted BTC for lending, they are matched with someone looking to "borrow" and the transaction is signed and sent to the aforementioned "margin" wallet, with the borrow, lender, and BFX+BitGo keys.
If no one is interested in your rates/loan at that time, you authorize BitGo to sign for you in the future based on your constraints.
The Exchange is an Escrow:
If this is what you've thought, you're exactly right. That was the general basis of the idea. The exchange facilitates the matching and orderbooks, etc, etc. But functionally the exchange is escrowing the transactions to ensure they go where they should. Equally BitGo would be a secondary escrow.
Thoughts:
Well there you have it, bored during the BFX downtime and gave this some thoughts. Maybe this is just overly complicated and something that's worthless with the likes of BitSquare. Or maybe I've missed some major element. Either way, feel free to share your thoughts on how we can have our cake and eat it too.
submitted by wrayjustin to BitcoinMarkets [link] [comments]

[original research / proposal] [codenamed: BUTTBREAKER] A Million Little Shitchains

This concept is guaranteed to annoy you or your money back!
This builds on the 100,000 tps proposal. To recap, I've thrown together 100 clonecoins with 50MB cap each "into one large Voltron Coin", as SoCo_cpp aptly put it.
Now I'm going to wave my hand, wait for the ding, and level up to exascale technology. So terabytes are basically kilobytes now.
Our previous "Voltron Coin" will be termed "MegaBlockA" (MBA) and will have become the new Bitcoin: it's top by marketshare and stagnating. It has 100,000 tps throughput, which should be enough for anyone, and a fee market is now developing. Dice transactions have started to be labeled as spam, and bible verses now cost $1 or more to embed in the megachain (composed of all 100 subsidiary clonecoin chains).
A Commodore of Industry develops a bold, new scheme: a million little shitchains. A million generic chains are created, and organized into 1,000 blockchain units each on the model of MBA, termed MegaShitChain1 through MegaShitChain1000. A controlling overchain, known as the UltraShitChain (USC), is similarly composed of those MegaShitChains. One USC represents a coin on each of the one million shitcoins, through being one coin in each of the MegaShitChains.
The total throughput available for USC transactions on the shitcoins would be one billion transactions per second, based on the 50 MB block size hard cap and 1 minute block rate of the clones. The total disk space and bandwidth necessary in order to keep a full USC node synchronized will be greater than that needed for a modern NSA data center, but we're in exascale, so it'll be like a $5 calculator.
Prohashing is the new Google, as Scrypt mining becomes the most profitable industry in the world. AmericanPegasus is on CNN every night warning about how cryptocurrency has now developed into a bubble and investors should consider putting their money into conventional equities instead as a hedge. Subsistence farmers in Africa invest a dollar into USC and cash out for millions (of shitcoins worth less than a dollar collectively which are then sold to neighbors). Euphoria and weaseldust run rampant on the streets and hospitals are overwhelmed with overdoses.
And that's the story of how scale-out solved throughput.
Usecases
Decentralized mining
The NSA can sponsor a ProHashing underwater Scrypt mining megacenter in each of the seven oceans (more depending on how one counts). The accelerated ocean warming should be ideal for swimming (may not be ideal for swimming; no warranty of fitness of warmed oceans for swimming should be implied).
Tradebots / SkyNet 2.0
Autonomous, intelligent tradebots become massively wealthy trading between the million underlying shitcoins. These bots become leading patrons of the Robot Supremacy movement which is a major advance in sentient being rights overall, although human rights suffer a bit incidentally during the uprising and for a few centuries thereafter.
Weaseldust Road
The ultimate in weaseldust markets, Weaseldust Road is hosted on the USC ultrashitchain itself and is its killer app. The Weaseldust Road client, codenamed HONEYPOT, is a full USC node combined with a few trojans and a GUI for accessing Weaseldust Road. Featuring suspiciously low prices on weaseldust as well as some sellers with long-term (1+ month) exit scams who provide excellent service in the meantime, Weaseldust Road quickly becomes the leading weaseldust marketplace, as well as being the second place market for buying alpaca socks with USC (behind Alpaca Road, which is the second leading weaseldust marketplace).
In fact, Weaseldust Road's legendary abilities as a killer app will ultimately be memorialized in the song Weaseldust Road, with the "you never come back from Weaseldust Road" refrain, a tribute to the Copperhead Road song linked above, as well as to the wave of weaseldust-related deaths linked by critics to the rise of Weaseldust Road.
Proofs
1=1, therefore, quod erat demonstrandum.
I can conceive of it, and I can imagine that it necessarily exists, therefore, it exists.
If a thousand angels can dance on the head of a pin, and if the Lightning Network can handle infinite throughput, and if the weaseldust supply lasts, and if the USC ICO raises at least 22 million BTC in value, then USC will be created and trade above its par value of 1 satoshi per million USC.
lorem ipsum, nil illegitimi carborundum, hocus pocus
submitted by coinaday to Buttcoin [link] [comments]

BIBIT BOT REVIEWS | Bibitbot is not a scam but a good arbitrage bot!

Bibit bot is not a scam but a good arbitrage bot!
Many people who are interested in crypto-trading are constantly in search of good apps and servises which are developed to daily trading and help not to waste trader’s time
Today we want to talk about one of the most sensational bot which rightfully occupies a leading position in the arbitration market and has a lot of positive feedback from its users. We also want to dispel several myths about bot and its work and show real testimonials from its buyers which have recently bought a bot(or use it for a long time)
If you are also like to compare novelties in the trader’s market and choose the best goods like we are, then our review for arbitrage bot- Bibit bot is for you. Let’s go!
  1. What is Bibit bot and does it really work?
Bibibot is a personal telegram bot which notice any good situation and let you know about it by sending a notification.
The task of this bot is to look for the differences in the rates of coins on different exchanges and quickly report it to you. By the end of the day you would probably have 15k notifications but remember that you can change settings depending on your wishes. You can put any percent the arbitrage transaction on each currency, for example, to receive a notification from 1 of 3 or 5 percent. Your task is to check notifications and always keep a mobile phone with you to quickly make a bargain.
Yes, Bibit bot works and do it right!
2. Bibit bot features and comparison with other popular bots
Bibit bot has a lot of features to claim that it is one of the best bots.
We are going only to list them.
If you want more, you can check and read a full review of Bibit bot
http://bitcoins-robots.com/bibitbotreview/
3. Negative about the project Bibit bot in Internet
We have been doing our own investigation about Bibit bot. We explored a lot of trader’s forums and arbitrage between exchanges forums.We run into positive reviews as like as run into negative posts.Riding before the hounds we can safely claim that all negative reviews were not confirmed and all of them was an puff piece. Most of these review were non-constructive, illogical criticism to Bibit bot rather than correct reviews(or at least not puff piece).
4.First Bibit bot problem is a payment
The first one negative comment we saw:
“Their payment processor is Coinpayment and they won’t receive any payment until traders get access to the arbitrage trading strategy. Bibitbot is giving a guarantee, but still there is no assurance of any kind.”
Okay, we understood that people do not know how to search info via Internet but we recommend to read news or, at least, check Google. I think people stopped thinking.
Coinpayment is a system which has already won a leading position thanks to its open policy. The system has two-factor authentication for any operation (entry, transfer, purchase, exchange and so on), which increases security. This is said on the official website. You can find it.
Of course, almost everyone has their own cons, you can also see them on Coinpayment website( for example, a commission of the system is 0.5% but this is probably a plus than a minus). Co-payment is a multi-currency wallet and it has a 100% guarantee that all transfers are made safely. Team and developers of Bibit bot cooperate with Coinpayment but Coinnpayment is not Bibit bot. Therefore, this negative review, in our opinion, does not apply to arbitrage bot Bibit bot.
5. Bibit bot technology and its accountable to users and potential users
Some of people nitpick the fact that Bibit bot website do not have an information about the technology which is used by bot. They say it is not discussed. We also run into a testimonial that claims that there is no people who use that bot, that’s why there is a huge percent that its a scam and who get coins and suddenly disappear to be untracked.
Bibitbot technology is exactly the same as any other bot. The only difference is that Bibit bot is not an automatic bot but a manual one. This mean that the principle of Its operation is only to send notifications to the user’s phone. By the way, the user can choose the difference in the rates manually and receive notifications only at a specified percentage interval. More: LINK
submitted by RussArt11 to u/RussArt11 [link] [comments]

[uncensored-r/Bitcoin] I want to talk about Bitcoin scams

The following post by beartowitness is being replicated because the post has been silently greylisted(for 2.5 hours).
(It was approved by the mods at: 2017-11-04T01:26:17.000Z)
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7amu9s
The original post's content was as follows:
EDIT: I edited the name out of a screencap. sorry about that.
pardon the wall of text but this is super important to me.
i am a hardcore bitcoin evangelist and my entire facebook friend list probabaly associates me with bitcoin because i spend a great deal of time educating people and discussing it on social media. my background is computer network engineering and web developing; i've studied bitcoin for a few years now.
first i wanna talk about USI Tech.
not long ago i was asked to invest some bitcoin via a company called USI Tech. at the time, USI Tech's only relation to bitcoin was that they sold cryptic "bitcoin packages" that would return 140% over 140 days. that means if i gave them 1 BTC today, they would give me 1% of a bitcoin for 140 days, meaning that after 100 days, my initial investment would be recovered, and then all i get to do is wait for those 40 days to see my profit.
when i was first recruited, it was before they rebranded themselves. this was just a few weeks ago. prior to this rebranding, there was no indication from the company regarding exactly how they were able to provide that kind of return on investment. at the time their only product other than these "bitcoin packages" was a license that provided access to a very special very secretive robot that harnessed artificial intelligence to yield apparently handsome returns via speculative arbitrage in the foreign exchange market. there are zero trades attributed to this "robot" and in fact there is zero evidence of a robot at all. they do have software for their customers that apparently track gains however there is zero correlation between these numbers and their apparent source.
since their rebranding, they are now marketing these "bitcoin packages" as having generated income via cloud mining. keep in mind that USI Tech does not sell hashrate, nor even techinically access to remote hardware; USI Tech sells "bitcoin packages" however how these packages specifically relate to hashrates accessed on remote hardware, or cloud mining, is not at all explained. in fact, here on their website they say that details will be released and then reference a date that has already passed..
to be blunt, cloud mining is a meme. mining cryptocurrency for a profit is generally difficult even for the big boys in China. that bitcoin could be worth more in the future than it is now is the reason why miners mine; the energy spent mining bitcoin costs more than the value of those mined bitcoins.
how does USI Tech not only mine so successfully that they themselves can be profitable, but so that customers who purchase this mining remotely can be successful to the tune of 140% over 140 days?
also they are in pre-sale for their own ICO,
also they have zero registration documents filed with the SEC,
also the names that used to be on their masthead, Ralf Gold and Joao Severino, were involved in past scams,
also their business is registered in Dubai, just like almost every single forex ponzi,
also like i said there is zero proof that they trade anything at all, anywhere.
i really thought i knew my shit. is there a more experienced bitcoin user that can point to any situation where that sort of profitibility can be achieved by cloud mining?
if the question seems rhetorical for the high bitcoin minds on this sub, then maybe i've done my duty by exposing USI Tech's dubious claims and raising suspicion which brings me to my next point:
secondly i wanna talk about the tactics used by this company to fool people.
primarily i should say that USI Tech operates a multilevel marketing structure that rewards recruitment through commission. it is not a coincidense that ponzi schemes use MLM structures to grow; ponzis require a continuous flow of new investment in order to work. to be blunt, MLM is a predatory business approach that exploits people's hope and greed. all MLM use the same tactic of targeting people's desperation to earn passive income.
USI Tech takes advantage of a population of people who are desperate to invest in a technology they do not comprehend. this is how they can get away with selling something that there is no evidence of. people now have a very dire desire to be involved in bitcoin because they have seen the news. people that do not know enough about investments, let alone cryptography, are aching to enter the space before all the potential is claimed.
there is much fertile potential to scam people who don't know that hyperbole like "smart contracts made off-chain that return high yield arbitration via intelligent algorithms backed by authenticated crypto-asset bonds.." is all bullshit. in most cases, even if they could, there is no code to review, no whitepaper to digest, and in the case of USI Tech, not even satisfacory rhetoric to substantiate anything being sold by these scammers.
earlier today, i went into a facebook group called USI TECH BITCOIN TEAM SUCCESS, and i asked a question. i said "i'm interested in joining USI Tech, and as a programmer and bitcoin nerd, i want to know the details of their mining operation." immediately the reaction was two-fold. promptly some were chiming in with agreeable sentiments like 'i've also wondered' and 'yes there is a lack of transparency', and others were already indignant with stuff like 'they said they are working on transparency give them a break' and 'troll detected, usi tech is not a scam because look i made money'.
okay fair enough the conversation was started and i was pretty quickly banned from the group. i had a dozen or so people in my ear at this point asking me what happened, people that have invested real money in this company. i spent hours discussing this with some of them. i had a conversation with the group's admin, here it is. he basically says that he doesn't want to upset people that have found a way to make money, and that my questions should be directed somewhere else.
i've sent exhaustive emails pondering specifics to USI Tech to no avail.
in conclusion, bitcoin has provided rich new opportunities for scamming people.
let me be clear: yes money can be made in a ponzi scheme. the operative to earning money in a ponzi is to know when to discontinue reinvestment. by all means, partake in the ponzi even, so long as you know what you are contribtuing to. the number one argument that people will make in favor of the ponzi they're in is
"but i made money".
it is our duty as crypto-enthusiasts to spread responsible education regarding bitcoin. i say to people "if you are interested in bitcoin, invest in bitcoin, because that is where the actual innovation is".
TL;DR: fuck bitcoins ponzis like USI Tech, stay alert, stay safe.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

I'm the worlds first "decentralized economist" I've never had a losing Crypto trade - details inside AMA

Here is a Chart on that : http://www.silverdoctors.com/wp-content/uploads/2013/11/Bitcoin-gold.png
For people Questioning the "never had a losing trade":
I'm buying Quark - some Myriad, some Caps and a few others right now. feel free to judge me on that in the future.
When people announce that this or that "crypto is going to explode" don't you stop to think (wait that guy just brought a whole bunch of that) ; Then look at its fundamentals, things like; "is it essentially a ponzi scheme?"
Why i think Bitcoin will move into a Terminal collapse:
http://kolinevans.wordpress.com/2014/07/25/why-the-bitcoin-price-really-needs-bad-news/
^ Talks about how difficulty (and thus issuance & price) can be monopolized.
http://kolinevans.wordpress.com/2014/08/22/what-would-a-crypto-currency-collapse-look-like/
^ explained the collapse here.
I'm invested in a basket of Crypto not just Quark, I have no bias toward Quark I'm actually agnostic if it wasn't as good as i believe fundamentally i would sell more at a profit.
i also have a wager V Bitcoin that no one has taken me up on:
http://www.reddit.com/QuarkCoin/comments/2dztfv/crypto_currency_wager_cny_6_months_bitcoin_v/
also i will add - Quark is one of the "Most Trolled" crypto that ever existed, this is because banking institutions:
  • Fear real alternatives and
  • Support broken ones.
That's the main reason you will see Bitcoin on "TV"
And why this will be extensively Robot Down voted. ( a key flaw in Reddit by the way.) (not that i care)
AMA !
: D
Update - Thanks for the huge response guys - this one single Reddit post seems to have wrecked all the work that our beloved useless and obviously retarded "Trolls" put into making forums and building Reddit's etc, thinking they can control the flow of information of a decentralized autonomous organization. (DAC)
a big fuck you has to go out to all your efforts, enjoy your life as a useless vacuous piece of shit, with no moral compass but also too cowardly or weak to actually man up and do something for anyone in humanity.
: D
submitted by _k_digi to Buttcoin [link] [comments]

Digital Currency Password Management & Other Risks You Should Love

The first thing to remember is to not save your passwords on a computer: Passwords that are on a PC, in the cloud, or on a PC that that is almost never connected to the internet, can ALL be hacked.
If someone has your password, seed phrase, access to your email, or access to your Verizon or Sprint smart phone’s account, your coins can be stolen and never recovered. Write all your passwords down on a piece of paper with a pen, then on another somewhere else and keep them in separate places. I pay $17 a year for a safe deposit box that has a small notebook with all my passwords for wallets and exchanges. If my house burns down, I still have access to my crypto currency because of the duplicate notebook. Do not copy your book on a printer or open it where there are cameras and where other people can see it. It is also a good idea to write a password down that would be unusable to a thief. For instance, you could write;
Phase for Coinbase:
OvenMittRaptor1986BlockParty, where you ignore the first 8 characters, and instead the password you actually use would be:
Raptor1986BlockParty
The coins that people buy, even the ones that have been around the longest are still an experiment. You can lose all of your money and should consider it gone once your USD is transferred into a digital currency. The pioneers of crypto currency cringe when they hear about people putting all their money in Bitcoin or borrowing money to buy Bitcoin.
I avoid this by not telling them and instead telling the tellers at my bank, they will be replaced by robots, to watch them cringe instead.
Hackers of the future will have tools in the future to hack we don’t understand yet because they haven’t been invented.
May people are probably wise to not mention their investments in crypto currency to other people. The data we are producing now will be indicators in the future to hackers that we were involved in crypto currency in the past, and probably still are in the future. There are also people who simply hate Bitcoin. They heard it was a scam. They hate it and don’t trust anybody who thinks it might be better than your fiat currency in the future. Nobody wants to hear robots have programmed something that is better than the money they have. There are many good reasons to not talk openly about currencies based on block-chain technology. We still have another 2 full years before payment in this new robot money is common. In six years, everyone’s grandma will use it.
There are time delays and unexpected problems with coins such as Bitcoin. Do not rely on past transactional time frames or what you read to sell a digital currency for something like a vacation.
Bitcoin technology was designed to produce small amounts of Bitcoin based on great effort. It is similar to mining where much digging produces little gold or diamonds. This new modern mining uses computer power instead of excavators. Not only is Bitcoin designed to be scarce but also increasingly difficult to buy and sell, transaction-aly. This further increases the scarcity and value. There will be long and unexpected delays when the trading volume is high. Near peak prices, it may take 3 or more weeks for a sale or purchase to go through. Never attempt to pay your living expenses in the future with crypto you have today if you have any hang ups about living in a shelter.
Digital currency exchanges are the wild west.
Do not leave more than 2 weeks’ worth of your income in an exchange for long. They are much more prone to hacking than anything else you can think of. Coins should be transferred to wallet. Wallets now are not as clean and user friendly as they will be in the future. There is also a delay and you will incur fees in moving coins to a wallet. It is unnerving at first. I bet you will learn to love it.
Donate BTC: 12XExegqAdMMo2noc7C7jRYxDRXtp9QH7u
Donate LTC: LLENN68aAmbmpmn2JvA7658fj1D5QZc8f4
submitted by Cryptroppel to u/Cryptroppel [link] [comments]

BetRobot test - can we increase our bitcoins 6% daily?

The BetRobot test
This is not a post about how I earned lots of BTC without having to do anything but it will be my attempt to do so along with the results. Everything I do will be logged in the end of this post with date stamps so that you can see the results based on my actions.
I am posting this because of all the suspicion there are around all these services that just earns money for you, if all you just do is a little investment to some bitcoin address. Investing does not only mean that you are taking the risk of losing your money if what you invest in handles its business poorly but there is also a risk of getting scammed. A service might seem legit but behind the scenes it’s just a scam. I am also doing this to get referrals but if the result of this test is positive I do hope that you appreciate the time I spend doing this and use my referral links to sign up with, because if you do the same thing as me you will most likely earn (or lose) money as well.
First off, many of you probably already know what Telegram is, it is a messaging service where you can build intractable bots for different purposes.
About BetRobot
There is one bot on this application called BetRobot. It works in such ways that it places sports bets called “sure bets”, “arbitarge bets” or “arbitarge betting”. It bets on both sides of an odds betting where the cost of both bets combined is lower than the wins of either one of the bets you make. You will have it clearly explained in this video. OddsPortal is one page where you can do this yourself without going through BetRobot.
BetRobot does the above betting for you and gives you 6% of the profits it makes in 24 hours using your money and keeps everything above that for itself (there is also a 1% withdrawal fee). So what you are paying for is to have this done automatically for you. This means that you will get your investment and a little more back in 17 days if you just let it be. If your profits are at least 0.02 there is a “reinvest” button that will put your profits as an investment and your next daily profits then equals 6% of that new value.
How to get BetRobot up and running:
My BetRobot story (scroll to bottom for the latest update):
May 18th 2017 (day 1):
Initially I invested 0.05 BTC (0.02 is minimum). screenshot
I could then see that my first investment was registered with the bot. screenshot
A couple hours later I noticed that it gave me 1% profit, that’s because it spreads the daily 6% gain with 1% each 4 hours. screenshot
After having spoken with some people in the community chat channel I gained some more confidence in the system and decided that I can afford risking 0.1 BTC more. I did another investment of 0.1 BTC totalling in 0.15 BTC and later this day I received my second profits. screenshot
May 19 2017 (day 2):
Today we have reached a total profit of 0.010999 BTC. Not what I expected but I assume the bot makes bets with fiat money so I'll get the BTC value of todays earnings based on todays BTC standing. screenshot
We have also gained 5 referrals which is pretty cool! screenshot
I hope to be able to do a withdrawal tomorrow already since 0.02 is the minimum withdrawal limit.
May 20 2017 (day 3):
I was wrong about the withdrawal limit, it was 0.01 minimum. The total amount earned also has matched up to the initial investment. screenshot
I have done my first withdrawal of 0.02. It has not completed yet using a jaxx wallet but I will mention tha time it took in my next update.
May 21 2017 (day 4):
So the withdrawal took me less then 2h and the 1% withdrawal fee has been applied. screenshot
The profit amount now also adds up to 6% daily. screenshot
May 22 2017 (day 5):
Today I made another withdrawal. screenshot
Not too long after that they increased the minimum withdrawal limit all the way up to 0.5 BTC. I am not sure why but for me this raises a red flag as it will take much longer for me to break even, at least twice as long. Will I get scammed before I can break even? My plan was to withdraw as soon as I could until I broke even but now I will start reinvesting every 0.02 that I earn until I get 0.075 daily which will take me at least 40 days. After that it will take another 7 days until I can make my withdrawal which will even give me some profit.
My current balance is 0.0045 BTC. screenshot
May 23 2017 (day 6):
So the minimal wihtdrawal increase yesterday was not as bad as I thought. They only did it temporarily to decrease the amount of withdrawals while they were working off a giant queue of small withdrawals and would lower it again only after a few hours. I feel better about BetRobot today but will still do some reinvestments rather then withdrawals, because it's boring to just withdraw everything.
The new limits of the bot is:
Minimum invest: 0,03 BTC
Minimum withdraw: 0,05 BTC
Minimum reinvest: 0,02 BTC
My account balance must be 0.02 before I can reinvest, so it will happen tomorrow. screenshot
Please follow the rest of the BetRobot updates HERE.
submitted by Meisoi to BitcoinGambling [link] [comments]

05-18 10:32 - 'Earning bitcoin / BetRobot 6% daily of your investition ! NO SCAM !' (self.Bitcoin) by /u/stefanaki34 removed from /r/Bitcoin within 20-30min

'''
[link]1
The link above is leads you to BetRobot, a Bot which does surbets and does 80% win in 30 days. I started 36 days ago with. 0.145 and have now 0.88 btc's. This is possoble because you get payed back every 4 hours 1% of your investment. And this for 30 days. The minimum you need to start with betrobot is only 0.02 btc's. Amd as soon as you have 0.02 btc's payed back you can invest them again.
'''
Earning bitcoin / BetRobot 6% daily of your investition ! NO SCAM !
Go1dfish undelete link
unreddit undelete link
Author: stefanaki34
1: t.me/**t*obotbot***art=2f949*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

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