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10761  Economy / Speculation / Re: everyone says Bitcoin will tank after Gold fork. What if it's opposite? on: October 23, 2017, 11:39:55 PM
what if instead, people sell their bitcoin gold and use the funds to buy more bitcoin?  Cool

Here's are three possible scenario's that I can think of during the fork:

[1] dump their bitcoin gold immediately and buy more bitcoins. - Resulting on bitcoin price not tanking and even go higher.
[2] hold on their bitcoin gold - bitcoin price will tank a few percentage
[3] dump their bitcoin gold and go back to altcoin - bitcoin price will tank but altcoin market will flourish after the bloodshed.
10762  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: 💲💲 Bitcoin Gold already airdropped on Yobit !!💲💲 on: October 23, 2017, 03:28:21 PM
And its now even trading BTG / BTC in their trading platform....

Its looks like they want to be the first to really accepts a coin that hasn't been mined yet? And they said that} BTC deps/wds will be disabled in 21 hrs." as per twitter accounts.

Why is it listed already when the hard fork have not occurred yet?

Seems a scam happening right now.
No its just pre token they are giving to bitcoin holders before actual fork and if I am remembering correctly they have done samething during august fork. They have already disabled both bitcoin and bitcoin gold deposit/withdrawal so that they can claim bitcoin gold during actual fork from user's balances. But I don't prefer to trade in yobit because their support is shit.

So they give users who own BTC before the fork a digital credit on their internal ledgers, before the fork has happened?

Those are not actual Bitcoin Gold, just a entry on their internal system? So by the time BTC fork, they will extract the actual

Bitcoin Gold and sell it at a higher price. Is this what is happening...  Huh Roll Eyes

Exactly. I think they did it with Bitcoin Cash before, so its no surprise that they have did it with Bitcoin Gold today. I don't have any Bitcoin on Yobit though, I would rather put my Bitcoin on a wallet that I have total control of my private keys. Besides this Bitcoin Cash will be dumped so hard in the first day. Not interested.
10763  Economy / Speculation / Re: BTC price down on yobit, btg no trading on: October 23, 2017, 02:36:49 PM
So the btc price has taken a bit of a dive on Yobit when the btg trading opened up. Does anythink that the prices will come down on other exchanges like this?

I honestly didn't think btg would move the price of btc at all.

A lot of people seem to expect that bitcoin gold will cause the price of BTC to fall, simply because people are holding BTC to get free BTC gold. Once they've got it they'll move their money away from bitcoin.

Most likely this the scenario that we are seeing right now. Yobit announcement earlier giving free bitcoin gold push the price to ATH, and it looks like they are selling bitcoin gold now and taking it somewhere else, either cashing it out or going back to altcoin market. But I don't think that they are going to altcoin becaus they are still bleeding. I suspected that most of them are just holding bitcoin gold now and not yet dumping it. I'll expecting that bitcoin will recover again tomorrow at $6000 or above once more.
10764  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Newbie for signiture campaign [BOUNTY] on: October 23, 2017, 01:11:26 PM
I want to join signiture campaign. Is that posible to join?

Sorry to inform you that its not possible to join any bounty with a newbie rank. They are not accepting for the simply fact that you still have to gain knowledge first about altcoins/bitcoins before they would allow you to join. Maybe in a twitter or facebook campaign, If I'm not mistaken there's one that accepts newbie before but I can't remember what campaign is was. Its easy to rank up from newbie to Jr Member though. So just wait till you at least reach Jr. Member rank to be able to join campaigns. Goodluck to you and have patience mate.
10765  Economy / Speculation / Re: Bitcoin $250000 by 2020 if the seven year trend continues on: October 23, 2017, 12:01:50 PM
If we continue this phase, then its likely to get to this price in the next 3 years. But can it be done? There are lot of factors that we need like mass adoption, no negative news, people demanding more and others. But can all this factors works on our way? There will come a time that growth will suddenly hit a blank wall. So as much as I'm very bullish about the market, but the prediction can't be reached by 2020. Its not always parabolic and there will be a lot of challenges and setbacks that will pull the price at certain point in time.
10766  Bitcoin / Bitcoin Discussion / Re: IMF response about Bitcoin on: October 23, 2017, 11:13:45 AM
The IMF (International Monetary Fund) said a few days ago that bitcoin is very dangerous because it can disrupt global financial stability. What do you think about the IMF's response ?

I think the is right, it can disrupt it but I don't think in a dangerous way. I think its the other way around, bitcoin will disrupt it in a positive way. Look at how it affect the lives of others, specially third based country, we found bitcoin as other way to earn money. They don't want it because their business of giving loans to third world country will diminished, that's why we see another entity attacking bitcoin because they are being threaten. And besides, they have not business whatsoever to attack something they don't believed or fully understand.
10767  Bitcoin / Press / Re: [2017-10-23] Astronaut - Platform to facilitate ICO investments on: October 23, 2017, 10:28:16 AM
I don't know how successful this kind of ICO's but it looks like its very different kind of project. We all know that there are a lot of scams ICO lately, and this kind of project could somehow mitigate the risk of you investing in a scam. I'm sure that its has a good motive so most likely it can gain a traction in the community. Let's see how it goes it this project could really succeed on its own. I like the idea of really of understanding the Whitepaper, because usually this is the first sign that a project is a scam. If they can read between the lines, they can advise they clients not to invest on that portfolio based on the Whitepaper alone.

Quote
“Our view is that organizations such as Picolo Research and Astronaut need to be established to critique the merits of upcoming ICOs to ensure that the blockchain ecosystem is not tainted by those who are taking advantage of it for personal financial gain.”
10768  Bitcoin / Bitcoin Discussion / Re: John Hathaway's summary: Bitcoin is Garbage on: October 23, 2017, 09:04:07 AM
I don't know why we should pay attention to such so called experts that are spreading false information about Bitcoin. Don't know what is the purpose of it except that these are ordered articles or statements by some interest groups but they forget that Bitcoin has come too far to be damaged by such statements just like that. And this one has become just before the fork.

They are really funny indeed. They look collective and calm and seems that they have a lot of expertise with the subject matter. But when this so called experts open their mouth, you can't help it but to laugh as their understanding. That's why I stayed away from them, they are all garbage talkers and the only thing that they can do is to ride on the popularity of bitcoin now and claimed to be an expect. Their have the right to express their opinion, but we don't have any time to value it because it has really no substance. I'm not saying I'm an expect, but please you should at least say something based of facts.
10769  Economy / Speculation / Re: Which is the exactly time for Bittrex Bitcoin Gold snapshot? on: October 23, 2017, 07:12:47 AM
block height 491,407 is true

you can see the first line in the readme file: https://github.com/BTCGPU/BTCGPU/blob/master/README.md
or you can see this height on the chainparams: https://github.com/BTCGPU/BTCGPU/blob/574a6e546dc5cf712f4299a05f2646a05dabc839/src/chainparams.cpp#L97

So the exact time will depend on the block height when it reached 491407, it could be on 25th oct or 24th oct, or even on 23th Oct?

I think Yes, there's not exact time frame and its based on block 491407. I remember during the Aug 1 split, I was up to witness the first blocked for Bitcoin Cash, but the event came nearly 6 hours after 478,558. It could happen on Oct. 25 but the exact time will not be certain. So I guess I need to wake up and watch history unfolds one more. Grin. Anyone also during the same?

10770  Bitcoin / Press / [2017-10-22]To the Moon – Or Bust? Questions to Ask When Evaluating ICOs on: October 23, 2017, 02:54:26 AM
To the Moon – Or Bust? Questions to Ask When Evaluating ICOs

Before bitcoin came along, I was a financial advisor for many years. So I really don't like to see people make foolish decisions that cost them a lot of money.

Clearly, digital assets are here to stay. The opportunity is exciting, but we should also be concerned about the rampant proliferation of low-quality offerings and scams.

To make things worse, digital assets don't even have a common set of criteria by which we evaluate them. With public companies, we can compare earnings, balance sheets and other similarly calculated metrics. For digital assets, there might not even be a balance sheet; you might be making a donation to a non-profit or purchasing an API key.

There is a need for a uniform set of criteria that people can to evaluate the merit of various assets. To help investors sort the rare gems from the abundance of junk, I’ve made a simple tool called Spacesuit X for analyzing the investment merits of coins, tokens, ICOs and similar projects.

What is it?

Spacesuit X is a rating scale of 0–100 which is based on an acronym for 10 categories that investors and analysts might consider regarding tokens, coins and ICO offerings. The tenth category is “X Factor” which allows analysts to assign their own criteria for evaluation....

https://www.coindesk.com/moon-bust-questions-ask-evaluating-icos/
10771  Alternate cryptocurrencies / Altcoin Discussion / Re: All coins are now dying, what do you think? on: October 23, 2017, 02:22:53 AM
No they are not dying, but taking a beating because bitcoin price is going up. Almost altcoin traders are moving to bitcoin simply because they want to get airdrop for bitcoin gold. But once this is over, altcoin again will see a nice pump. No need to worry though because you don't want to sell your coins in this situation. The best thing is right now is just hodl on your altcoin and don't think to sell it because you can't covered your loss with the current price of almost all altcoin. Just wait after Oct. 25 and observed the movement of your altcoin. I'm confident that some of them will really have a nice price because the free bitcoin gold will also be going to altcoin market.
10772  Economy / Speculation / Re: BTC to 7k before fork? on: October 23, 2017, 01:51:14 AM
Initially, I thought that bitcoin can go as high as $7K however, with the recent movement, its been a see saw battle to overcome $6200. And now we see another dip and bitcoin is hovering just around ~$6000. So I doubt that in 2 days there will be a push of $1000. Although it has happened before during the Aug 1 split, a day before the split the price quickly moved from $1900-$2900 in 24 hours. But it looks like that everyone has already put their money on the market and its already price in for the Oct. 25. I think the farther we can get is just $6200. But it is still strong and good price if you are going to look at it from the outside.
10773  Economy / Economics / Re: Electronic Money vs. Physical Money on: October 22, 2017, 02:44:37 AM
Hi guys, I just want to know your views and opinion about the difference in Electronic Money (Bitcoin and others) and the Physical Money. Many people now a days are still confuse about the existence of the Bitcoin and how it differ from our Physical Money that we are using to buy necessity. I hope we could share and learn from each other.  Wink Smiley

Maybe a simple explanation will be that a Electronic money is non-tangible, and its being used to pay usually in online transactions. While you used the traditional fiat (physical) to buy physical things like in a groceries or other stuff non online. I don't see any confusion here as its very easy to distinguished the two. Both has its advantage over the other. But for me its better to used them both depending on the situation, and we don' need to debate whether one is better, they have their own used in our society.

10774  Bitcoin / Bitcoin Discussion / Re: What happen if bitcoin build a headquarter bank on: October 22, 2017, 02:21:03 AM
If bitcoin build a headquarter bank , it should lose its popularity. It is not a good thinking by bitcoin. Normally bitcoin haven't huge members. It not so popular as much as but bitcoin can do this. Without built any headquarter bitcoin should get its popularity in future.

Having bitcoin is like having our own bank. So headquarters would be useless because bitcoin or bitcoin wallets don't have a name associated with it. So I doubt that members would like to registered to something like a headquarter. And having headquarters you have something to like to report to a higher authority. So it will all defeat the purpose and design of bitcoin. I guess most of us won't agree having headquarters.

10775  Economy / Speculation / Re: btc value on: October 20, 2017, 08:16:08 AM
hi all, new in here do all think that the value of btc is going up again?

Why are you here in the first place in you don't think that bitcoin will rise up again?

Did you check the price of history of bitcoin? If you did then you can answer your own question. But to give you a perspective, bitcoin price is not parabolic meaning its not always going up. Sometimes it need to go down for price correction or adjustment like consolidation. Then you can decide if you want to stick to bitcoin or just go to altcoin system. But it looks like you are in for bitcoin, so I suggest that you get it because there is really a good chance that bitcoin will go up in the future.  Wink
10776  Economy / Economics / Re: Bitcoin is an asset or currency. on: October 20, 2017, 07:46:46 AM
It is both asset and currency like the other said but you cant' just use bitcoin for everyday usage frequently as the price goes up and down, it is not advisable to use it as a common currency like USD and other fiat ones, It is great to use it as an asset and investment as the btc continues to grow everyday. you will gain such profit if you store enough coins, but don't get me wrong it is still currency not just stable to use it for now.
Yes I agree with you its both you can use it as a currency as well as you can use it as asset because bitcoin is a digital currency you can use it for buying things and also you can keep it for a long time for investment purpose I use bitcoin in both way I am using it for daily expanse and I also keep it go high price when the price go high then I sell it out to get extra money.

There no really clear cut definition of what a "Bitcoin" is. Though is initially design by Satoshi is for micro payments using P2P, with no third party. However, as bitcoin price surges, many think of it as a assets because it is being considered not as one of the best assets in the industry. So it you want it to be currency, like converting it to fiat then used it to buy things you want or just hodl and become as assets, its really depend on each individual. You used it depending on what you what. Don't just be confined to the technical aspects of it.
10777  Economy / Service Discussion / Re: Campaign does not pay on: October 20, 2017, 03:11:42 AM
Hello! I just want to ask a simple question that what if the campaign does not pay their applicants? Well I know someone that was not paid by his campaign here, incase this thing happen to me too what should I do? Any advice?

Are you sure that its someone or your alt haven't been paid? You simply didn't follow rules that all. Move on and join other campaigns. There's a lot of campaign specially in the altcoin section. I have seen a lot of participants being not paid because its the fault of the manager, but most of them violates certain rules of that campaign. That's why you need to really improved your posts quality and posting habits before joining a certain campaign. And not cry for not paying you because if you really look at, its really your fault not the campaign manager.
10778  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Russia beat every country at creating their first national cryptocurrency? on: October 20, 2017, 01:59:22 AM
Its strange, one day we are reading that Putin is saying how bad decentralized currency is and now they want to create their own crypto version of rubble.

That is why I don't really care what Russia is saying about crypto currency because they always change their statement the next day. They are looking like stupid everyday because they keep on contradicting themselves and they always like to portray themselves are crypto loving country but its the other way around. So take everything with a grain of salt. And remember what I say here. Maybe in the next couple of days there will be another statement coming from them. hahahha. But as far as cryptorubble is concern, I think it will really fail because their citizens whats crypto that is not centralized like bitcoin and ETH. And at the end of the day only the rich can afford their state sponsored coin.
10779  Bitcoin / Press / Re: [2017-10-20] Star Jets International Now Accepts Bitcoin Payments on: October 20, 2017, 12:48:12 AM
Ok I though it is located somewhere in Asia and I was surprise to find it based on USA. Really nice of them to offer bitcoin as another alternative mode o payment. The way I understand it, they cater for the rich and famous because only a few can travel with Jets right? So if they offer they as mode of payment, I'm sure that millionaires or billionaires will suddenly go to our market to take advantage of paying in bitcoin. Everyone wants to be "IN" or what's hot or not. So I'm pretty sure that their clientele will go buy bitcoins and used it to pay them in case they used their services.
10780  Bitcoin / Bitcoin Discussion / Re: Russia, Shuvalov refused to answer about buying Bitcoin. on: October 19, 2017, 07:53:25 AM
https://embed.life.ru/video/3ab57ffbcaaa76c0bcfe60535a9917bf

- Worth buying BTC? The woman asked.
- God knows


Well, it's just right that he kept his mouth shut.

It's the most logical thing to do in the current situation he was in than to start blabbering things that he just might regret saying in the future. Specially when millions of people are watching. So to avoid causing debates, he did the right thing and kept his mouth shut. Really quite easy to identify people that are intelligent.

As opposed to Jamie Dimon who can't keep his mouth shut and not comment about bitcoin. Better not talk because he doesn't know what would be the repercussion of his statement. And Russia then suddenly went hard lines against bitcoin. If he have said something to effect investors or Russia itself, I think we could see some accusing and blaming him for all the debacles and the sudden U-turn of Russia against bitcoin and cryptocurrency.
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