Category Archives: Experiences

Coinbase account terminated

On June 11th I received an email from Coinbase about account problem. I login to my Coinbase account to see this message:

NOTICE OF ACCOUNT CLOSURE
Unfortunately, we had to close your Coinbase account. Before your account can be closed, you will need to withdraw your digital currency to an external wallet and any other funds (such as USD) to a bank account associated with your Coinbase account. Please take precautions when transferring digital currency to an external wallet, as transfers outside of Coinbase are irreversible. Please also be sure to delete any external references to digital currency addresses generated by Coinbase, as funds sent to those addresses will not be accessible once the account is closed. If you have any questions you may visit https://support.coinbase.com.

I quickly submitted a support ticket

My message: “Hi, i see my account is being closed, i had no warning and i’m not exactly sure why this is happening, can you please explain?”

Coinbase reply: “Thanks for contacting Coinbase Support. I’m sorry to hear your concern regarding your account closure. Let me help you with this one.

Our primary goal is to make our platform safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of our responsibility, we are legally obligated to implement regulatory compliance mechanisms.

We regret to inform you that we are no longer able to support your Coinbase account as well as any other accounts you may have created. Please note, we have not blocked access to the balance currently in your Coinbase account; while we can no longer process brokerage orders via our banking relationship, you may still send your balance offsite to an external address.

There are a variety of factors which have been weighed in your case, and we unfortunately are unable to elaborate on our internal decision process. Please know that we do not make these decisions lightly, and do regret losing you as a customer.

We wish you all the best in your future endeavors. Thank you for your understanding. Please reply to this email if you continue to have issues or need help with anything else. Take care and have a nice day ahead.

Best regards,
Ron”

I have since seen more people had accounts closed on this Reddit thread including GAB & Wikileaks.

Coinbase, what has happened to you, terminating legitimate 5 year old customers accounts, and more importantly not giving any reason!!! bad bad.

Universa’s amazing flash SPIKE yesterday

Universa is a Russian ICO that has trading going live already on Cobinhood and HitBTC. The latest price range of Universa (UTNP) has been about 350 – 500 satoshi’s, about $0.4 – 0.5 cents. Yesterday I logged into my Cobinhood account and noticed all my UTNP sells had vanished, so after investigating I learned that Universa had a flashspike! It rose to 5000 satoshi’s for a minute on Cobinhood (about $0.50!!!)

So guys, it went from 0.00000400 to 0.00005000!!!

over 10x gains with Universa for some of us!

HUGE gains were made to myself personally and anyone else who set very high limit sell orders for Universa on Cobinhood. These situations are hard to plan for, but it’s a sure reminder to always have your limit orders “in order” always!

Here is Coinmarketcap screenprint of Universa, here you can see huge spike, but it doesn’t show the 10x spike that actually did happen in Cobinhood.

Coinmarketcap showing Universa spike


screenprint came from here.

Yobit bitcoin exchanage – AUTOBAN

Everyday the Yobit trollbox has retards trying to pump their own shitcoins, today it’s a lot of Bitcoin Liza and BTCRY shit pumps. I tried to post:

“anything you guys are trying to pump here in trollbox is sure sign to NEVER buy”

and what do i get?

Autoban transforms that into “myusername L5: i’m telegram masochist [AUTOBAN]” until Jan 29th (2 days ban)

WTF Yobit!!

😡

Cryptopia delisting InfiniteCoin (IFC)

“Status: Maintenance. 22nd January – IFC network was the victim of a 51% attack which resulted in the loss of some funds in Cryptopia’s IFC wallet. Unfortunately Cryptopia is unable to regulate or control a coins network. The wallet is now empty and IFC will be delisted ASAP.”

And sad to say, but their support has not been helpful with my attempts to withdraw my coins since 2 months ago

They have replied Feb 2, 2018:

“As you may know, IFC has been a target of a 51% attack and due this attack the majority of IFC coins were lost. We are now lifting the maintenance status to allow users to withdraw their coins.

Users are allowed to withdraw and will be based off first come first serve basis. We realise that this isn’t ideal, so please try and withdraw at your earliest convenience.

Once the wallet is empty, we will be delisting this coin.

As it is the Coin’s team who are responsible for ensuring their network is secure, any further Complaints and support requests should be directed towards the IFC team. You may be able to contact them via their website here: http://infinitecoin.com/ or https://twitter.com/infinitecoin?lang=en

We sincerely apologise for any losses that may have incurred due to this attack.

Kind Regards,
Cryptopia Support”

https://coinmarketcap.com/currencies/infinitecoin/

CasinoCoin Foundation final statement on Cryptopia from casinocoin


https://bitcointalk.org/index.php?topic=356065.new#new

Conversation with a crypto expert

I have never had a conversation in my hometown about bitcoin, ethereum, ripple, or any crypto in the last 10 years, well, very minimal, until 2017. In 2017 with the explosion of crypto, especially bitcoin, ethereum, ripple, and all, many people love to discuss this topic, some love, some hate, some just amazed and excited.

This is what sums up many conversations I’ve had with normal everyday people supporting or indirectly trying to pump their shitcoin (Ripple in this story), but many with Tronix, Bcash, and many others.

expert: “dude, RIPPLE is where it’s at!!!”
me: “why XRP?”
expert: “what’s XRP?”
me: “XRP is the abbreviation for Ripple”
expert: “anyways, dude!! it was like $1, then $3!!!”
me: “but it’s centralized”
expert: “what do you mean?”
me: “nothing, shall we get shots?”
expert: “fuckyeaaaaa”

Seems so many people think they’ve become crypto experts lately, giving advices and such, nobody knows anything so please quit that shit! And if you’re going to pump anything please at least have an argument or some kind of reason! Jeez!!!

US Citizens troubles with Bitcoin exchanges

So recently I wanted to test out the Bitmex trading platform, and as I tried to begin by depositing bitcoins into my account, I get this message:

Due to local laws, BitMEX is unable to service your country (US). We cannot accept deposits. If you believe this to be in error, contact us at support@bitmex.com.

While any US citizen using Bitfinex (imho the best bitcoin trading platform around) know that they are terminating all crypto transactions from ALL US individual customer accounts:

“we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017.”

from this post.

WTF is going on??? I would love to hear your informations or opinions on why this is happening, is Trumpland USA really fucking shit up internationally?

/Rant

Withdraw Bitcoin Cash from your Gemini account

Great work Gemini!

Today we received notification from Gemini that they’re allowing a 1-time opportunity to withdraw all of your Bitcoin Cash (BCH) to an address of your choosing. They mention the withdrawel would be completed within 5 business days of your request.

Their email:

Bitcoin Cash (BCH) Withdrawals Are Now Available!

A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.

We are pleased to announce that as of Saturday, October 7, 2017, Gemini will allow all customers to view their BCH balance and request a withdrawal via the BCH withdrawal request page. If you choose to request a BCH withdrawal, your entire BCH balance will be transferred to your chosen withdrawal address.

BCH requests are not sent onto the blockchain immediately. The first time we will process all submitted BCH withdrawal requests will be Wednesday, October 11 at 1pm EDT. After that point, requests will be honored within 5 business days from the time of your request. Example: If you request on Saturday, October 21, 2017, your transfer will be executed on or by Friday, October 27, 2017.

Although we do not currently have plans to open order books for BCH trading, we will continue to update our customers as the BCH situation evolves further.

Thank you for your patience and understanding throughout the implementation of this withdrawal feature. If you have any questions, please contact us.

Onward and Upward!

Team Gemini

I withdrew mine ASAP, after withdraw they post this message:

We have received your instructions to send your entire Bitcoin Cash (BCH) balance of XX.XXXXXXXX BCH to >>>>>>>MYADDRESS<<<<<<<<.
The withdrawal should be processed within five business days.

Your balance is calculated based on your Bitcoin (BTC) balance at the “Hard Fork”.

If you have any concerns, please contact Gemini Customer Support.

You can read more about this on their announcements blog here.

Cryptopia now has Embers (MBRS)

Cryptopia adds Embers MBRS

Cryptopia is a well known bitcoin and crypto currency exchange, they’re best known for adding every altcoin under the sun, most recently was Embers (MBRS), which came originally from Ether Delta (most terrible, non user friendly, crypto exchange the planet maybe?)

So Cryptopia adding MBRS was a great thing for anyone interested in anything coming from EtherDelta exchange.

Here you can see Ember at CMC, on the rise!

No Gemini follow up about Bitcoin Cash

gemini-bitcoin-cash-nothing

Some of us bitcoin holders held bitcoin in Gemini exchange during the Aug 1 fork, we knew Gemini was not supporting Bitcoin Cash, but after the fork and BCH/BCC become quite a valueable coin 99% of non supportive exchanges have since announced they will distribute Bitcoin Cash for their users, some have immediately (Poloniex, Cex, etc), some announced they’ll be distributing later, like Coinbase announced they’ll be distributing in January 2018.

Surely every non-supporting exchange had pressure from users, hoping and requesting they get BCH, Gemini ended up posting this on Aug 3 addressing the BCH forking issue on their blog:

Since the “hard fork” on August 1st, 2017, we have been monitoring the situation closely. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). As we first wrote on March 20th, 2017, and later updated on July 26, 2017, we will make every effort to support withdrawals for the chain with less total difficulty (in this case BCC). As a result, we are currently working on a technical implementation for a one-time withdrawal of BCC for our customers. With that said, any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner. We will post material updates when we have them. If you have any questions, please contact Gemini customer support at support@gemini.com.

So it seems like good news, but after emailing them at their above support email, asking for an update on this situation, they responded with this generic response:

Thank you for reaching out. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). We have been monitoring the “hard fork” situation closely and are currently working on a technical implementation for a one-time withdrawal of BCC for our customers.

Any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner.

Material updates will be posted on our blog here: https://gemini.com/blog/update-bitcoin-hard-fork-bitcoin-cash/. Please let us know if you have additional questions.

It’s actually copy and pasted from their blog. 🙁

Gemini! It’s August 21! Can you please update us, many of us have been loyal customers and would appreciate an update on this situation.