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@Rulingmining @soulMiner they will likely send you a request to provide your banking dtails and charge you a high fee to sell, a high fee to exchange your currency, and a high fee to wire you your money, on top of a bid/ask spread.
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anonymous https://net-cents.com/sign-up/ Buy/Sell Bitcoin/Buy/Sell Ethereum/Fraud Prevention
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@teevee @soulMiner, try email at support+reddit@coinbase.com
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@soulMiner @teevee Have sent multiple e-mails to Coinbase directly. They are severely backlogged but that's no excuse. Will try the e-mail you supplied. Thanks.
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@Rulingmining @BTO maybe you are right. So what is $HIVE's business model? Please explain? HIVE is buying Genesis' data center capacity and Genesis becomes the major shareholder. Why invest in HIVE exactly? You could just buy your own capacity from Genesis directly and KEEP your own crytos you mined. How is the HIVE business model different? Only in that mined coins are sold immediately! That is the only difference. This is smoke and mirrors. $GBTC #bitcoin @newswire/hive-blockchain-currently-leeta-gold-announces-strategic
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from #hive,
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@Rulingmining @BTO More smoke and mirrors is the high hypothetical EBITDA of $7m. The D&A will be their highest most significant cost and drastically reduce the net EPS. #bitcoin $GBTC $HIVE #HIVE $LTA-H
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from #hive,
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anonymous For Canadians I was reading some reddit forums and they suggest to open an account with quadrigacx and transfer your crypto currencies there and then withdraw
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anonymous https://www.quadrigacx.com/
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@flywheel @soulMiner you might try shaming them on twitter. It has worked for some people. I understand most exchanges are way way understaffed for the current volume and can't catch up. Try tagging @coinbasesupport in a tweet and see if they reply. Be polite and they may be more helpful.
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@flywheel I agree with anonymous. I've used #quadriga a number of times for withdrawing crypto (bitcoin) funds in Canadian dollars to my bank and have had no problems so far.
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@Rulingmining @BTO it's odd that you say you 'doubt' the strategy is to sell the mined coins immediately when in their press release on their strategy $HIVE specifically states that their strategy is to sell the coins immediately. That is their strategy. Yes you are 'exposed' to blockchain, but not spefically in the value of coins. But the mining operation of couns. It's basically like buying a gold miner vs buying gold coins. In fact I do prefer gold miners over buying physical coins that I cannot easily sell without huge spreads and fees. $LTA-H $bitcoin
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from #hive,
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@Rulingmining @Newton I went on and subscribed to the Genesis website before I made my comments. What individuals buy on Genesis is X Amount of hash power from a data center to mine a chosen crypto currency. The individual pays Y dollars up front for a contractual period of 2 years of mining hash from Genesis' network. The coins that are mined from the individual's hash get put the individuals wallet for that coin. So the cost of the contract covers the infrastructure plus operating costs and likely a nice profit margin, because Genesis is thereby giving up the coins mined from their data center. So the business model was a data center developer operator. HIVE is essentially buying the hash through buying the data center directly. Genesis still has a management agreement to earn an operating profit and their business model evolves to being a crypto miner. I suspect the coins are sold immediately for HIVE to build scale. This is the first of 5 planned data centers. And as I said the obsolescence rate of the equipment will be high so you will need to continually reinvest (maybe @ 2 years?) $LTA-H #bitcoin
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from #hive,
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@Rulingmining Thanks @flywheel Yes! Last week I subscribed to quadrigcx. But still waiting to be verified. I guess they are inundated. Frustrating.
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BrianBitcoinBull @Newton Anyone who has mined Crypto knows it barely profitable. That is why people like Genesis sell the Hashpower to customers for Cloud Mining rather than just mine the coins and sell those themselves. Don't think its out of the goodness of their heart. Iceland is an excellent place to run a Crypto mine because of the cold weather which cools the hot machines and the low cost abundant Geothermoal energy. But make no mistake Crypto mining is a tough business that is why Roger Ver has been arguing for #Bitcoin Unlimited and threatening a Hard Fork so that miners control the fee structure. While it is super interesting that guys like Frank Geustra are getting involved in the space its not glamorous. Like I said before for #Ethereum #Litecoin #Dash and the other Cryptos the money in the space is being made by the exchanges on transaction fees. I love the Small caps but #Hive is not something I would touch unless you are speculating the Crypto crowd will bid up the price initially just because it has to do with Crypto and nothing to do with the business. Which is a real possibility. Kinda like the Marjuana stocks.
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from #hive,
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@Goldfinger Total #cryptocurrency market cap up to US$112.3 billion with $Litecoin the flavor du jour showing a ~10% gain on the day. $Bitcoin $Ethereum
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from #index,
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BrianBitcoinBull #Bitcoin and Block Chain technology is either going to go down as one of the biggest waste of time, money, resources, & brainpower ever!!!!! When you consider the actual energy and computing power to mine, developers, promoters and users!!! Or this is going to change the World Forever!!!! Time and time again I put my money on the latter? Why? Because as a Speculator I seen for years people 100x smarter than me have put major time for free and crazy excitement if you talk to any of these Nerds. The potential is literally capped at the MOON!!!! The downside is literally whatever money and energy I or you put into it. Hate it or love it, its honestly a LOL interesting paradox whichever side you are on. Is the Glass Half Full or Half Empty??? HAHAHA #Litecoin, #Ethereum #Hive
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@Goldfinger "I think $Bitcoin is here to stay for a long time." ~ Frank Giustra
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from #index,
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@Howard This is interesting, a company positioning itself between #bitcoin transactions, and #marijuana funding/payments. SinglePoint inc $SING. Seems like great timing to me. @nobshere, hae you been following long? I remember when $BITCF and $BTSC were this cheap, and it really wasn't long ago! SinglePoint Completes $1 Million Funding to Continue its BitCoin Cannabis Payment Solutions Development https://ceo.ca/@marketwired/singlepoint-completes-1-million-funding-to-continue
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from #index,
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BrianBitcoinBull @Tommy good luck with $Hive. If you are pumping it to dump it then well played my friend. We are in an Alt Coin Bubble no doubt. The interesting thing is ppl have to go through 3-4 Coins/Tokens to exit out into FIAT currency. I predict essentially the biggest of all short squeezes with #Bitcoin, #Ethereum #Litecoin and possible one to two other going parabolic during the event. Especially with Bitcoin as many are taking theirs off the exchanges and putting them into hard wallets with BIP 148 coming.
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from #hive,
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@indythinker @brianbitcoinbull you're a tool who can't see straight..probably cross eyed #bittrash #loser
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@btchodler If you think #ethereum is going to replace #bitcoin... https://twitter.com/whalepanda/status/877471804041945089
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BrianBitcoinBull @indythinker Check the scoreboard clown you are getting your @ss kicked
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@mike Ethereum Flash Crashes By 96% After Status ICO Clogs Network #Bitcoin $BTC http://www.zerohedge.com/news/2017-06-21/ethereum-flash-crashes-after-status-ico-clogs-network
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from #index,
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@indythinker @brianbitcoinbull I'm just waiting for the #buzzerbeater when I drain it in your eye. #lol #bittrash #Farmville #cryptoveggies
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@Vaughan Take it down a notch guys. No need for personal posts
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@Agjackso This aggressive investor sentiment in the crytpos is one of the reasons I got spooked away from the sector - people are aggressivly bullish, investor sentiment is more like a videogame tournament in League of Legends than a real investment conference- except people are pulling out 238k into their bank accounts in less than a month. I suppose this is what a non-regulated peer to peer free market actually feels like.
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nindeops #Bitcoin bubble about to burst any time. Government and central banks will never let this come to the mainstream. $NC
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from #nc,
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@Rulingmining @indythinker what would happen to your money in banks with you solar storm paranoia? What would happen to your brokerage account? Do you have share certificates of stocks you own?
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@Agjackso I think that people who are getting all bent out of shape about these ICOs and the absurd spikes in the price of these seemingly silly assets are forgetting that the financial system itself, with all of the derivativs, futures, and options is not too much more irrational and out of touch with reality. The only real difference between the crytpocurrencies and the derivatives markets is the fact that average people have no shot at participating in these highly leveraged and irrational markets, while with cryptocurrencies your average joe with an internet connection can make 300% in a day. Much of the antipathy seems to be of people who thought the cryptos were stupid but who also failed to appreciate the fact that the entire financial system is not too much less insane and irrational, thereby missing out on some absurd gains on etherium, dash, bitcoin etc over the last 6 months.
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@Agjackso That chart is not accurate, because it does not count derivatives, which are something like 700 trillion - derivatives are MASSIVE. 
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@soulMiner ssssssshhhh don't talk about the derivatives
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anonymous Crypto-Carnage Hits Entire Virtual Universe: Bitcoin, Ethereum, Litecoin Crushed http://www.zerohedge.com/news/2017-06-26/bitcoin-tumbles-15-10-day-lows #Cryptocurrencies #Bitcoin #Ethereum #Litecoin
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@mike Coinbase Exchange 'Breaks' As Crypto-Carnage Hits Entire Virtual Universe $ETH $BTC #Bitcoin http://www.zerohedge.com/news/2017-06-26...
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from #index,
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@Agjackso Lots of people losing money now, at some point the bagholders are going to capitulate...I honestly think the correct price for bitcoin is somewhere around $1500 or less, maybe just above $1000? Unlike Gold and Silver, there's no "all in cost of production" for these things, so who could actually determine a correct price?
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BrianBitcoinBull @Agjackso There's no "all in cost of production". Been to several mining farms and operations. Please explain your logic??????
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