Don't you think that the problem of ongoing and upcoming ICOs is not the quality of projects (certainly there are scam projects, but there are also a great deal of really working projects backed with technology) but the problem is in the quality of investors who don't really make their research and mostly even don't care do read anything about the project they are going to invests in. They are in rush to buy any altcoins because it seems to be an easy way to make money for them.. What do you think?
This has always been an old "problem", even with traditional public fundraising such as IPOs and the like. Non-professional and normal investors really do think with profit in mind. ICOs simply open up the market even wider, with students and others that banks wouldn't even look at all able to "invest". Less than 1% of people are in crypto, and even less than 1% of that do their own research. And probably less than 1% of THAT have solid and reliable research. |
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You know, you can't claim something that isn't yours. And at the same time you can't claim what is already yours. If you are in full control of your Bitcoin, like you say you are, then you will get Bitcoin Gold. It's as simple as that. And if you really want to control and use your BCG, then you must learn to spend a bit of time to educate and teach yourself. If you follow someone else, you can't blame them if something goes wrong. And yes, please just read the simple steps at http://btcgpu.org/ |
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Every fucking coin thinks it's the Bitcoin killer. Otherwise, why would anyone clone BTCs code, then reduce blocktime and say "look, faster transactions!"?
Everybody claiming to have the Bitcoin killer misses the point.
Not to mention the fact, that we should keep a diversified cryptocurrency enviroment for as long as possible.
Great point to make. It's literally useless to have x100 faster transactions, or ability to include x100 more transactions in a block if the coin has x1000 times less usage than Bitcoin. The point here is not how quick or cheap it can be, but how it can encourage people to use it by enabling easy access and payments. Bitcoin has its problems but these are good problems. And it is scaling more and more to fit in increased usage and demand. Kill Bitcoin? No way. |
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Who can say about the potential of any altcoin without more information and track record? Working product can mean a lot of things until you know how large the userbase was, what kind of participation did it involve and what success indicators it gave. Right now, with this bare information, I wouldn't even be sure if it'll make a profit, much less 100x.
You're a newbie account too. What stopped you from using your main account?
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Even with something that people might consider a super safe haven like gold (Aurum, not the bitcoin fork!), it's always unwise to put all your eggs in one basket. The prime rule of investment is never risk everything. Probably the only thing you could risk the majority of your savings... is in savings. A fixed deposit with a trustworthy bank. That is just to protect your lifetime savings. And don't fall for what people say about Bitcoin. I believe in it, but it's foolish to risk everything with Bitcoin!
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Hey guys,
Delay with the bentcrypto was because user lost access to the email on which he sent the withdrawal confirmation letter. So we waited few days just to exclude any security issues. Then we confirmed the WD for the user which was sent to the ICO, so we had to refund it later. Not the regular support request we get. However, because we get 50-70 emails daily since ICO it's hard to reply in a timely manner. That's our issue, we will do our best to minimize the answer time.
Regarding that BitGold or whatever it is. I simply have no time for it. So if users want to get that "shitcoin" they can withdraw and re-deposit later. We were able to pay everyone BCC with very nice profit (which doesn't change my stance on that scam coin as well), but with this scam - we pass.
Regards,
Alex
Thanks for the explanation, Alex. I'm sure a lot of people should appreciate the fact that almost every support request happens because of something unusual and outside the norm of normal transactions. This was certainly a very unique and difficult request. Everyone should understand not just the context of support but the context of an operation that has always placed its customers first. Good call on Bitcoin Gold. Coins are people's responsibility. Not yours or any other service. Users should take appropriate measures to educate themselves and do what they feel is necessary. |
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okay, now i understand, i just have to save the private key and will import it into wallet after bitcoin gold release. thanks
I found this page in Electrum docs, I recommend you check it out. How to split your coins using Electrum in case of a forkhttp://docs.electrum.org/en/latest/hardfork.htmlI do not know if there are any chances that no Electrum servers at all will connect to the forked chains (Gold and Segwit2x for now, probably more to come later), or if there would always be some knowledgeable manager willing to offer at least one Electrum server for the split, regardless the nature of the fork and how controversial it might be. In case no Electrum server at all is connected to the forked chain, users would have to find another way using their private keys, which their cold-storage Electrum instance will give them very simply after asking for the wallet password. ALSO, I ignore if a multi-signature wallet can be more problematic, probably not if at least one Electrum server is connected to the forked chain, no idea otherwise, so I'd avoid it. More knowledgeable users are very welcome to contribute of course.Thank you for this article link. I had quite a bit of trouble during the BCC fork, and went through a lot of difficulty in obtaining mine, after exporting private keys and what not. But I think I will not panic and just wait for 2 weeks after this fork, before moving out my Bitcoin Gold. That way, everything is stable and the networks won't be so congested. I see Electrum is the recommended wallet for many things now. I should consider switching to it permanently! |
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Hi there, I actually did read your post and thought some of it was good. But then I also did something in line with your advice on some alts and am now suffering to no end. Of course, I am not blaming you don't worry, I was going to buy anyway but reading a crypto expert (you) who also said it was a great move helped me make the decision. I won't list everything I own, but based on your post of October 9: https://bitcointalk.org/index.php?topic=2252034.msg22777902#msg22777902And I quote: Its NOT just ARK, I use ARK solely as an example, but really almost ANY alt coin that is currently trading at of below 45% of its ATH is a good value. ASSUMING this was not a 2 week upshot followed by a massive volume dump. So, I use my worst coin as an example. Elastic, XEL. ATH was 27,500. so 45% is 12,350. I bought even lower than that at 10,000. Yesterday it dropped below 4,000. Not a 2 week upshot, and no massive volume dump. In fact, no volume spike anywhere, it just kept going lower and lower. As did most other alts. So, everyone, just read and enjoy. Don't think experts don't make mistakes! |
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I'd also like to find out if there were a way to verify my participation. I seemed to have experienced a small error in signing up but don't want to be assumed to attempt multiple registration. Additionally, is there already any service such as a faucet perhaps that we could already start earning ETH from? It says from your project that you want to provide ETH revenue stream from faucets, and I am interested to learn how to integrate such a service from a website (ETH faucet). Let me know!
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Bitcoin gold's price willl be higher than bitcoin cash's price. I am somehow sure about that but you cannot know it. Some says it is going to be dumped hard.
Even the fact bitcoin cash doesn't keep some coins to the developer like what already did by bitcoin gold. 1 bitcoin equal with 11 btg and the price will be 11x lower than bitcoin cash and that will touch only double digit. The only way to really find out is to wait and see what happens! And we will see the first exchange Yobit exchange Bitcoin Gold today, according to the Twitter account's announcement. What I like is that miners from Bitcoin and Bitcoin Cash cannot just move over to BCG because it is a GPU mining coin. So we won't see the wild move up and down of hashpower and difficulty. MY own guess is that it will cost more than BCC eventually, but in the beginning, will be very high as demand rises, and lay off after a month. |
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Yet another airdrop! At least this one has expressed a purpose to promote adoption. But don't you think you might better serve the purpose by supporting and propagating an existing cryptocurrency, namely Bitcoin? It took it so many years for the first crypto to reach this stage and still needs so much more to reach mass adoption. Of course, no harm in creating another project but going to be hard to see it reach the heights even of eBTC and remain there. We'll just have to wait and see.
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I haven't earned a single cent from airdrops. Then again, I've only participated in two and I fully expected them to be crapcoins worth nothing, so I guess I didn't lose more than a minute of my time signing up. I'm surprised to hear eBTC was dropped and somehow traded all the way to hundreds of dollars, I guess I shouldn't underestimate the power of a good coin.
I have seen how byteball did well, though, although I only got a tiny amount (which I bought) and it has been falling along with other alts.
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I agree. We should stop all this freedom and centralize the way things are done in the crypto world. Set rules and tell people what to do, which projects to invest in, depending on a fixed portfolio of the best coins. Then we can all profit together.
I agree also to stop buying into the ICO hype. I mean look at ETH, what a success it has become without the ICO hype. Oh... wait...
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I like these kinds of reports, they are deep and insightful, even though there is still a lot of speculation and very little SOLID technical analysis. Of course ZenCash is a great candidate for big gains, since it is already so small in price but the competition is really tough since DASH and ZCash are already the ones making big waves, even with Monero supposedly the early leader.
I feel like others it is too hot now, wait for it to cool down to 20% less, then maybe reconsider it.
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For Ethereum to be able to gain such a price as you estimate, it would need at least two things to happen. Firstly, the ETH users must support the new fork, and report no problems, and continue to mine and use it as before. Secondly, Bitcoin has to stop being on such a big bull run. With the price just going up so high, there's almost no space for an alt to come and creep in, especially not ETH in #2. 100 billion dollar market cap for Bitcoin, so ETH can just hope to solidify and attain its old $400 - that is the best scenario.
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The majority of us made the buys right before the Bitcoin Gold news came out, unfortunately, so we're all stuck with bags and too little BTC to dip into the market again. I'm just laying low for now, can't afford to do anything, and can't even take advantage of the coming forks. Tempted to cut losses and recoup some losses from selling forkcoins but maybe I deserve to sit back and tough it out. Times are hard on us amateurs.
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Dogecoin did lose a few cents over the week, so that is a sign to say hold off and wait. If the fiat value had held over $1, I would say yes, definitely good time to buy in now and set a few more entry orders at 1,2 and 3 sats lower. We all know Dogecoin still brings good value for small profits, and I definitely see another surge to 20 satoshis once BTC corrects. Then there's always that generally positive moment in January every year to look forward to.
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Heh, ordinarily I'd agree but it's an over-used meme. Point taken, though, a lot of impressive things planned in the XtraBYtes roadmap but for me, this is all unproven. I like roadmaps that are clear. This one is very detailed but if you look at it, there doesn't seem to be much logic tied in to the different components. And then the hype seems overkill... I mean, smart contracts? Seriously, we're all tired of smart contracts touted as cool. They're so basic now. Anyone know any backgrounds on either of their developers/programmers? |
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Cool article, but I do tend to read hackernoon with a little bit of imagination! I really do enjoy their pieces but that's what I call educated speculation. This spoofing speculation has been making airwaves for a very long time, and Bitcoin, unfortunately, is still concentrated enough that I believe there are enough traders who have the power to move coins up and down, no matter how small it is. I imagine they are definitely powerful enough to move altcoins, and they regularly do. |
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Dude, what else do you think will happen? Regardless of whether forks fail or not, Bitcoin will only get stronger and stronger. So if you want to buy alts, just use your USDT and keep your Bitcoin handy. By the way, Segwit is already activated, so you're talking about Segwit2x, and talking about block size increase with no replay protection.
Bitcoin Cash was a success, in their eyes. It is worth hundreds and people are trading it. But that didn't stop Bitcoin in fact all these fork talks are moving it way, way out here to the top.
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