Bitcoin Forum

Can somebody tell me what is BITCOINPLUS?
The coin went 247% up (coinmarketcap) but the website is not working.
Is it a scam or what? ??? ??? ??? ??? ???

Bitcoinplus has only 50k coins and it is way too undervalued thats why you are seeing that rise in the price and believe me it will go further up. It is currently the highest traded coin on poloniex.

latest pump and dump crap, get in now and get burned hard

Just another shameless Bitcoin (Litecoin) clone

The coin goes up over 200% because devs/whales are buying their own sell orders  :D

@ Newbies & Noobs. Don't fall for it!

Anyone in their right mind should not fall XBC pump. It's a trap and high-risk investment.

The fact that they can't even get a site up should be a big enough warning....
http://www.xbcplus.com/
deader than my grandma.

Trolling and fudding is strong in this which only makes this coin stronger. Resistance is futile. You want to get XBC because you don't want to cry and bang your head to the wall later.

SSSSSCCCCCCCCAAAAAAAAAMMMMMMM , it's so Asiacoin 2.0 ...

Its a few days off its IPO, when was the last time you bought an IPO where everything was ready?  Aren't they generally weeks in advance?  This was a new distribution method.  People are working hard to tie up the loose ends and in 2-3 days you'll be amazed, in a wek or two you'll be stunned!  Come by IRC channel #XBC and chat with the devs and community where you can get a more solid opinion than a website with a placeholder...

Hey there, I try to take as much time as I can to respond to posts like this. XBC has clearly gained the steam it currently has as a direct response to a huge community involvement. I agree there are a few things that should have been provided sooner (specifically the website) but rest assured we have multiple team members working on it. I put my reputation on the line getting involved with this coin and have proven to be absolutely backed by honesty with every promise I made for this coin. I personally destroyed nearly half of the entire market of coins yesterday morning as a direct response to an overwhelming vote.

Proof of the destruction: https://bitcointalk.org/index.php?topic=549485.msg6503627#msg6503627

I have been working on nearly zero sleep all week responding to everybody I can and organizing building this coin from the ground up. We already have multiple members dedicating incredible amounts of hours to piece this together.

-I have been working on a completely overhauled wallet, I wasn't happy with the original we were left with so we scrapped it and decided to build one from scratch to make sure everything is secure. I personally worked on this wallet, had it tweaked by another dev, and now sawedoff and his folks over at #CGAnomaly are also tweaking it, these people can all vouch for my honesty.

-You can speak to anybody on poloniex, including moderators and they will likely all vouch that I have thus far kept every single promise I've made - Including reimbursing them for a loss of thousands of dollars worth of XBC.

-We are launching a full blown PR campaign, I hired on a partner to help organize the community and assign everybody vested into this to a helpful role whether it be moderating our social network pages, blogging, creating graphic arts, videos, responding to each and every question.. you name it.

-I have been reaching out to countless merchandise distributors from clothing to computer hardware trying to organize group purchases to host using XBC as a medium; with the goal of eventually growing it into a self sufficient product line + merchant channel.

-We have been negotiating with kickstart fundraiser providers to add XBC as a donation currency, laser etched aluminum debit cards, there should be an Android wallet within the next week. There is honestly too much to list and we will get everything we can possibly achieve done. All we ask is that anybody who is interested gets on board and helps us out.. You can hold half a coin and we wholeheartedly welcome you, I ask everybody what kind of talent they have and we raise funds to tip each other for nearly everything.

-The website will be live in no more than two days also containing our official forum which will be used to organize and make publically viewable each and every plan we have moving forward. You can also join https://webchat.freenode.net/ and join #XBC to speak to us, you can directly PM me here with any questions, comments, or concerns. I also respond to each and every message I get on IRC in a timely manner to the best of my ability. Anybody that has spoken to me directly will vouch for that.

-I have received a multitude of messages regarding a scandal with AsiaCoin; my understanding is that they modified their blockchain explorer to hide a premine. If true that is absolutely wrong, I don't have the heart to pull something like that off. I invite anybody to host their own blockchain using this open source explorer: https://github.com/bitcoin-abe/bitcoin-abe

-I have also been receiving questions about our current wallet containing a max coin limit of 5,000,000. This is because this is a POS wallet, staking will begin in a couple of days. With my new wallet release I have reduced this amount to 500,000 which would be realized in approximately 25 years if everybody stakes their coins. We cannot set the max coins to the 100,000 that currently exist and have more coins generated through staking.

In closing, I only ask parties not to be swayed by people who try to tear this coin apart without ever having spoken a word to me. Jump on our IRC and get involved with us, we have tons of projects and bounties are plentiful and growing. I paid out over $100 worth of this coin to the first user to simply clean up our OP in the ann thread: https://bitcointalk.org/index.php?topic=549485.0 , I started an XBC community projects wallet and still have 110 remaining.. I would love ideas for what to spend these on.. I like seeing growth of any kind to our community.. you can even PM me something you can do to help us and a reasonable price in XBC and I'll be all ears.

Cheers

Seriouscoins14 is legit and so is XBC. Great branding as well, and yes, a name and branding matter a lot. First IPO I know of on Bitcointalk.org that was legit, maybe there were some other ones that I missed, but that alone is special. I believe they destroyed over 100k USD of coins, and I think that shows serious commitment. Also, I just bought coins at the going rate as I believe in it. The distribution is fair as early adopters took a lot more risks, making it more fair.

Asiacoin and Whitecoin were a disaster, and I lost a lot in AC as I assumed the exchanges would look at the code! XBC is open source, available for review, and far more akin to the early days of Blackcoin with a very talented group of people, working hard on a vision to make it happen. I suggest doing more research and not dismissing it outright. I think this coin has amazing long term potential and appeal to the mass market.

BitcoinPlus has a LOT of potential. Come get involved.

Nutty to get involved now after the price has run up so dramatically. (I could have a 20X profit if I'd bought in when I first saw the hype in the trollbox at Poloniex). There's nothing special about this coin, doesn't even have a wallet yet from what I understand, just a limited supply and a name to link it to bitcoin without any real justification. Stick with real, innovative coins like Blackcoin, Darkcoin, Fluttercoin, even Piggycoin (a good bet with Announcements Week coming up).

It actually has a Windows and Mac wallet. Nice attempt at trolling.

Piggy Coin :D

The dev destroyed $120k worth of the IPO coins at the request of the community, now that is honesty.

Websites schmebsites, any scammer can build a slick website in 24 hrs with Wordpress, having or not having a website means nothing to me anymore. Asiacoin is a perfect example of this. The architecture and community is what is important.

Btw Satoshi never had a website for Bitcoin.

Finally if you're concerned about the name, maybe you shouldn't be using any variant Linux distro but the original one by Linus Torvalds...

snipher i believe this is a service you could provide to every coin for peace of mind..
anyone who didnt check his pastebin, it shows a 100,000 coin genesis coin, and a bunch of transaction fees...

Pump and dump coin, never invest in these type of coins, there is a big chance that you loose 50% of your money.

Well considering I bought in at the IPO it would have to drop to .00005 for me to lose 50%.

What is happening at the moment is some are cashing out big profits and whales are trying to put in fake sell orders to keep the price down so all is good. It's great for the coin to change hands anyway. I am holding for the long term.

I sort of hope the price remains where it is now for a little while. It's a bit more peaceful to build slowly than jump like it has been.

I'm not sure if whales are cashing out for big profits necessarily, but instead selling high/buying low... and ending up with even more coins.

But at some point whales will begin simply selling some coin, taking all profit. I'm just a regular xbc fish with about 125 coins, but I've wondered at what point should I cash out some.

What price did you buy at?
My take is if you didn't buy below .01 stay out for now. There are just too many .001 coins out there waiting to be dumped.

I haven't figured out my exact buy-in price ... think it probably averages out to around .0025ish. I bought 50 coins at ipo prices (kicking myself for not getting more) ... then bought some more before it hit .005. 

I tried my hand at the 'sell high/buy low' game, with some of my extra coins I keep on the exchange. It felt way too stressful for a net gain of an extra .5 xbc. I think I'm not really cut out for that type of trading. I kept worrying I lost my extra coins for less than I wanted, to gain very little extra.

I figure most of the sell-offs will come if the coin reaches close to .1. But some whales may hold a lot of their coins still, hoping for btc parity or more. It sounds weird to say this, but it doesn't take an insane market cap to reach those levels -- however unlikely, it could be possible at some point.

You should have followed the pump yesterday and dumped them in the 3s someplace, my opinion. I saw what was happening and turned .5 btc into 1.2 btc after buying at .016.
You have to understand how many are sitting on such a huge profit, until these coins change hands it's not going to entertain .1 or anything near it. If I was in your shoes right now I'd watch it for awhile and dump 3/4 of them slowly as high as you can today, keep the other 1/4 just in case and keep my eye open for buying some back in dips.
I I also believe that part of this coin's explosion is being traded on Pol only. I think it will sink like a stone if/when Mint or Cryptsy pick it up, although it could pump before deflation. Not that I'm some guru or anything, but if I'm you there's no way in hell I'm not taking some profit now - a bird in hand is worth 2 in the bush.

Eh, I'm not selling at current prices. If I bought in at a higher price and wanted to flip for a quick profit, yep. But it's not like I need the extra btc right now, so I can wait. Right now is a dip right off of a pump... where those who sold at the high end of the pump are scooping up cheaper coins.

As for .1 ... not so sure if it'll take that long. I wouldn't be that surprised to see .05+ in the somewhat near future.

Then again, I'm not really a pump and dump sort of person, so who knows.

Suit yourself. Knowing crypto you might end up taking a loss if you wait long enough, and there isn't anything special enough about xbc to justify your expectations. Good luck.

Well, considering my buy in point, it would seem extremely unlikely that I will take a loss, unless the coin somehow goes down back to around ipo levels. Actually I don't think I can even take a loss, when I think about it, as I did sell some/buy back in, early on, covering around my buy in amount.

It is possible I will take less profit than optimal, however. We shall see. The same could be said when the coin was .0027, rather than currently .027.

Again, mostly curious what longterm whales think. Or at least those who claim they are longterm holders. Everyone has a selling point.

I do admit I focus too much on the fact that all of these coins have the same inherent value - zero. I've lost out on a lot of profit underestimating hype, which is the main factor that determines value.

If you think too much about it, you begin to think every coin is worthless and everyone is crazy here for investing anything. But the same can be said of many physical commodities too.

I started in crypto a couple of months ago with a mighty investment of $38. I don't mine, so no power costs... $38 and time is all I have invested. I view it as a game. I can't really lose, although I may not profit as much as possible.

I do have that feeling a lot. To think a piece of computer code is worth $450 is hard to get my head around. So is valuing one coin with a market cap of 9 million and another with a market cap of $90k, with the only real difference I see being the name. Throw in all the whale manipulations - getting people to panic buy then panic sell and the unbelievable unpredictability of it all and it's pretty damn hard to make a buck. Sounds like you are doing very well.
I sat there and watched the ipo run out, I could have bought at .001 as people in the trollbox were going nuts. I had no idea what xbc was, never looked at it twice - but something inside me told me to buy it - I just didn't act on it. My bad for not doing more research I guess, but I'm not getting down on myself about it. It could just as easily went down as up for all the information I knew about it.
The thing that never leaves my mind is this is a zero sum game - for every dollar won a dollar is lost, and there are many more losers than winners. For that reason I'm very cautious and conservative, I pretty much only go in on what I feel are sure things and always pull out when I've made a decent profit or by the end of the day. I've woken up to find my money worth 1/10 what it was the night before, and I won't take that chance again. I also cash out my btc's as I make them, only keeping about 1.5 btc to bet with. I realize this strategy won't ever make me rich, but this will end up being something I've never had before - a fun hobby that pays instead of costs.

The way I view it is... yeah, it's crazy. There are pumps/dumps for all coins, whale manipulations, shady devs, shady exchanges, unequal distributions, etc. In many cases, coins are simply clones with different names, no unique features ... but some can be worth a fortune, some close to nothing. I guess I simply think -- it's nuts, but so is bitcoin. If bitcoin can get up to $1200, all bets are off.

I wish I paid attention to the ipo. I first noticed it the night before it sold out, had no idea what it was, and I knew nothing about it. It didn't help that I was very btc poor at the time, as I spent most of my spare btc on darkcoin before it shot up (probably should have sold some during last pump, but that is a different issue). I only had crumbs lying about if I wanted to do the ipo, hence why I only got 50 coins to start with.

Yeah, I should have sold some stuff and got more coins. And it bugs me... but if we all knew what prices would do, we'd all be rich. I have a different problem with that inner voice/hunch thing... it always tells me not to buy things. I think my brain is a miser.

My absolute biggest problem is selling cheap, and it all comes down to the worthlessness I feel the coin has. I made an absolute mess of BC. Bought at 2500, sold at 3500, stubbornly refused to buy back in unless it crashed to below my sell of 3500 until - get this - 35000. That's when in unbelivable amazement I gave in and said this thing just isn't stopping. That night it was at 95k, but this time I wasn't going to make the same mistake and dump this great coin - next morning it was in the teens. I didn't end up losing anything because I waited until it got back to 35k and dumped it to come out even.
What a pisser. The truth is, though, that a ton of people lost a crap load on that pump. Panic buying up top, waking up and panic selling at the bottom. What happened there was a few made literally millions off many. Anyway, I've decided flipping a coin is about as valid as researching to decide which coin will moon next, so the only thing I can really do is watch for pumps and try to ride them for awhile. But I did learn one thing from BC, not to be stubborn - if I see XBC pumping again with serious volume I will jump back in regardless of my entry price.

BC baffles me. I never bought any, so I missed the entire pump thing completely. But of all the coins to shoot up, I would have never picked BC. It's one of the reasons why I don't dismiss a coin skyrocketing (like xbc), even though logic may dictate there is no reason for it to.

I'm bad at picking where pumps end, and dumps begin. I think I'll try to go with the idea of being somewhat greedy... just not too greedy. And also not selling off at the first sign of profit.  That's one reason why I said selling xbc now probably doesn't make sense, as it's the dump right after a pump. It's assuming the coin is going to die (after being out like a week), which probably doesn't make much sense. And yeah, it can sink to zero, as could any coin. We are just guessing what will happen.

I'm getting much better at gauging pumps, you have be good to make my strategy work. I think of it like sex - steady climb, then it shoots up really hard and fast then it just hangs there for a bit - that's the orgasm, then it starts to fall and you need to sell as it's falling. If you miss it that's ok, because there always seems to be a dead cat bounce, similar the second time at it with sex - not as high but pretty close. With XCB I sold half my coins at 40, waited for it to fall into the teens from the 40s (I knew it was over but waited for the dead cat bounce) I tried to buy there but it came up too fast, picked some up at 24 then sold them all in the mid 30s after it briefly hit 40. I didn't play it perfectly, but for me that's about as good as it gets - maybe next time I'll really nail it.
With Cinni I bought in the mid 2ks, and bought a bunch more in the 3ks - I had 84k because I just knew it would explode due to the volume. It hit 20k and I should have dumped, but I got caught up in my own hype and I wanted to make up for missing BC. Not only did I miss the peak I also missed the dead cat bounce, and ended up dumping between 10-11k. I made 5 btc, the best payoff I've had, but could have doubled that if I hadn't thought this coin's bubble would be different than the others - another mistake I'll never make, they all follow the same pump/dump pattern.

The problem I have is never knowing when a pump is near its top. You'd think 2-4x price would be the top, but sometimes coins go up 7-10x. My fear is selling in the middle of a pump, then wanting to get back in ... but can't, because the floor has been raised at a level higher than I sold at.

But I haven't done much pump/dump trading, so hopefully I get better at it. Basically I just buy a coin that looks interesting... wait a while.. if it goes up, sell some... if not, just hold. I sometimes wish I bought more junkcoins, as I'd have less qualms about selling them. There is always the fear in the back of my mind that whatever I am selling (if it's a halfway decent coin) might shoot up 100x in the future.

You'll know because it will sit there still following a fast and furious pace. Some will sit there longer than others, and some will fall a bit and sit there then fall a bit more then freefall while others like xbc will pretty much freefall right from the peak. That's when it's time to really think about selling, when it stops and just hangs there. The difference between this and lower places it has stopped and rested is this one is following a fast and furious pace covering a large price range.
Tesla had a nice pump a couple weeks ago, I caught that by total accident. This was a mini pump compared to the big ones, but I still made almost 1btc off it. If you look at the chart you will see it is just like all the others but much smaller and over a very short period of time. It was like the xbc pump on fast forward, the top happened in a flash and down she came, everyone furiously trying to sell at the same time. I recognized this was going to happen because this coin had no volume up to the pump and it was such an unlikely coin for anyone to be caring about - I bought and sold several times and never held a position for over a couple minutes. This was the most fun I've had since I started trading.
Just so you don't think for a second I'm some guru, I've lost plenty making bad choices, its a steep learning curve when you are all alone trying to figure this stuff out. I can say that my mining equip is paid for and I'm up at least a couple grand past that.

Dont worry keep your btc+
Mintpal coming

The Tesla thing was a weird one. I had some Tesla crumbs, from some giveaway ages ago, still on an exchange, which I sold. But it was such an oddball coin to pick for a pump.

I'll probably need to watch some pumps a bit to get the hang of the timing. Most of my coins I don't bother with pumps at all. I just buy and hold until they go up in value. Or not.. and just take the loss.

If I wanted to cash all of my coins (not just xbc, but everything) out right now to btc, I'd probably be at around 7-8 btc... no idea if that's good or not, but again, they cost me $38, and I started with this in Jan. I'd like to say it's due to my trading skills or wise decisions, but mostly it's from giveaways, luck and being too cheap for most ipos (one way to avoid scams).

If you turned $38 into 7 btc that's very very good, I'll tell you the vast majority of traders are in the red. Like I said, it's a zero sum game and the best traders make a LOT.
All you really need to do is study the pumps and dumps. Look at AUR, BC, BTC, LTC, CINNI for for a few. Look very closely at the volume, speed and price (vertical movement right before the peak) then observe the dead cat bounce. What happens is it freefalls and everyone tries to find the bottom, and tries to buy on the way back up - this is the dead cat bounce. See what all these have in common, most likely you will see the same thing the next pump/dump you are in on. I wish I was playing AUR, that must have been a hell of a ride.