Actually it's $3300, I think the cause of the price exploding to $3300 all time high is the BCC dump. This just shows that the community doesn't like the split and BCH/BCC is just another altcoin the price dramatically decreases by the passing days and instantly fluctuate's when it's blockchain network stabilize the only thing that preventing BCH price to crash. I think people doesn't have any interest in buying a slow and unstable network it will reach it's all time high in a few days or weeks and will become another shitcoin or scamcoin. All hail bitcoin.
Yup I agree, only a small percentage are really putting investment on Bitcoin Cash. I think the price movement is due to those large bagholders of bitcoin who are just coming out and claiming there Bitcoin Cash and quickly dumping it to go back to bitcoin ecosystem.
I'm looking forward to it reach $4,000 - $4,500 this month. $3,000 is the new low now, development and progress for Bitcoin is only going to be smoother from this point on.
The 4.000$ will come faster than we expect. I think the price will never let down, also the new improvements will make the price to go higher than this. Don't get too excited. We will slowly getting there and we wouldn't know what will be the price at the end of the year. $3500 should be the next barrier that we are going to see broken. Truly amazing how bitcoin is surging right now. |
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In gambling people will gain experiences whether it's good or bad one. They will remember the time when they got lucky and unlucky. And then superstition comes. They will remember what things that made them lucky and try to use it again in the next sessions in the hope they will get the same luck as before, vice versa.
Yes, superstitions are being followed to maximize the chances of finding a lucky day. As there are no tools are available to find whether it is our lucky day or not, gamblers are going for following superstition. Interestingly they are following same superstition to avoid a bad day. I'm not finding any effective results by following those still I am also following few things. I guess this is how all the gamblers are doing because we are do not have more options to deal against finding a lucky day. For some people following superstition might be seeming complete meaningless, still gamblers are preferring following it because superstition is providing them some moral support basically. You are all set with all of your superstitions then you can be confident that you will find your lucky day. It may seem complete foolishness to others, still it may bring big profits or prevents losses, who knows. Yes superstition must be providing moral support to gamblers and that is the reason they are spending more time to follow them. It is just a belief by the gamblers to find their lucky day. Hence we cannot argue against their beliefs as it is being covered by their personal rights/freedom. So, it will not be a big matter whether it looks like big foolishness or not. It will be complete personal preferences of a gambler. Come to think of it, even though we don't have solid proofs that superstition does anything really, what if it does? What if people believe in superstition because they've proven it multiple times before? I don't also believe in it but i'm keeping an open mind now for those kind of things I guess keeping an open mind about this kind of things are already good. There's no harm in it, so we might as well go with the flow and not mind people who do believed in superstition. Although myself don't believed in if, I have multiple friends who absolutely have some stories to tell regarding this belief. I also learn just to listen to them and not make any negative comments because I don't want to hurt their feelings. |
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Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged in surpass $2,000 for the first time in May going on to almost reach $3,000 in June only for the valuation to crash. Over the last twelve hours, bitcoin’s value has jumped by over 10 percent as forked currency bitcoin cash has seen its valuation crash by 30 percent. Some exchanges including China’s OkCoin even put the value of one bitcoin above $3,200, at the time of writing. http://www.abitofnews.com/bitcoin-breaks-3000-to-reach-new-all-time-high/ |
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 10 billion dollar network emerged out of thin air. Or did it? Marketcap is a simple multiplication of price of a single coin by total number of coins in economy. It implies that there's a free market where every participant can easily sell or buy given coin. But is it the case with today's BCH? As of now, almost no exchange actually supports BCH deposits, so the real amount of BCH in circulation is far smaller than 21 million, it's actually equal to amount of BTC held by users on exchanges that listed BCH now. This number is probably some dozens of thousands BCH, at it creates a perfect opportunity for speculation and manipulation. Correct, marketcap has no significant value so it doesn't count as factors how strong a coin is. I initially thought that this coins will be manipulated by far by very rich individual and big entities behind it. I have suspected this will be done to keep the hype around it so that people will become interested and get it then suddenly they will just dump it. |
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I wonder if the BTC rise is partly due to people trading their BCC for BTC.
Yes, this is only the logical explanation for now. Selling BCC to BTC or BCC to altcoins that is why you we are also seeing a price increasing in the altcoin market as well. BCC is on the downward trend while BTC and altcoin up. Its no surprise that people would simply dump this altcoin and stick to bitcoin market. Maybe just now, people are claiming BCH specially for those who have waited until everything has settled down. However, they have lost because the value is going down. But hey is free coins only so we will take it. |
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Worry about this situation, some traders must have lost with this process. Maybe this is also a strategy for BCC does not happen drastic price decline.
The trader must be patient, and immediately discard the BCC.
BCC already had a drastic price decline, as seen in the graph below (source: https://coinmarketcap.com/currencies/bitcoin-cash/), after unexpectedly skyrocketing to around $1200 days ago.  The long transaction times is just because of BCC/BCH having low hashrate and high mining difficulty due to it being just recently forked as you may know, and also having alot less miner support compared to what BTC has. I suggest to just make the transaction and return after like 24-48 hours later. Hashrate as expected will slowly rise in the future. This means this coin is as good as Dead. Having low hashrate with high mining difficulty would really give longer confirmation on transactions. I dont really expect this thing on Bch supposed to be that it should really have much faster confirmation than bitcoin but now it acts on the opposite way. There are already lot of complaints arising now regarding BCC transactions. Logically, if people find the confirmation longer a bit of hassle for sure they will stay out of it for the time being and go back to bitcoin again. But I don't think they will simply go away. They will put up a good fight but for me it will be just futile. Maybe along the way we will see it trading at ~$100 and few pump and dump to put some hype around it but that is the best effort they can mastered. People will stick to the old reliable bitcoin. |
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Bitcoin has passed the old price record of $3020~, and it's currently worth $3120 (Preev.com)
How much do you think will it increase before it starts dumping again?
I wouldn't believed if I didn't see in at average $3113.42. People are still claiming BCH and dumping it to buy BTC now. I hope that this is not just temporary or artificial because we may see people pushing the selling button for this price. Bitcoin has passed the old price record of $3020~, and it's currently worth $3120 (Preev.com)
How much do you think will it increase before it starts dumping again?
I don't know how long this is about to stay. But otherwise I just have to keep on holding and this is now the start that speculations are going to reach $4,000 and higher. I'm not thinking for now with the dumps or any decrease that is going to happen very soon. But I know there will be the time that it will be dump but it's just for a short time. The choice to really hold bitcoin is a one good. The dividends are paying off. But we still need to be patience more as we can see it move to $4000 very soon. If the price still hovers above $3000 in the next few days, then I'm expecting it to push to $4000 at the end of the month. |
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If I were a customer of this Bitcoin exchange, I will also be outrage with this handing private info. They have no right in the first place to ask for it? What is the purpose? And for the exchange, customer should get out because they have already been compromised. Then this exchange now would nothing be short of a bank now, which will defeat the purpose of using them in the first place. Government agencies are really cracking on the bitcoin ecosystem and time will only tell us that all exchanges will be regulated as well by the government.
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I think Bob Arum is in the works for a rematch between the two. Let us see how it goes. Hope that Pacquiao will get the deserving win this time. Jeff Horn v Manny Pacquiao rematch firming for November in BrisbaneA SOPHISTICATED ceiling of airconditioners could be installed over the boxing ring to counter the summer heat for the Brisbane rematch between world champ Jeff Horn and Manny Pacquiao. The Courier-Mail understands the rematch is firming for November 12 at Suncorp Stadium, with plans being made to deal with the summer heat. The Queensland Government is yet to sign on the dotted line, however, discussions are well advanced to hold the rematch in Brisbane. Concerns had been raised about Brisbane’s ability to host an outdoor fight in the later months of the year, given the heat and threat of storms. But it’s understood those factors are being taken into account, with the possibility of using airconditioners above the ring to keep the fighters cool. http://www.couriermail.com.au/news/queensland/jeff-horn-v-manny-pacquiao-rematch-firming-for-november-in-brisbane/news-story/38f3ad34c58ef1ffd48d1408196c90b9 |
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The fork has gone through and with the fork, bitcoin has been split into normal Bitcoin and a new type of alt coin, Bitcoin cash. After the fork seems like prices for Bitcoin have risen and the price is not almost 2.9K. Seems like Bitcoin will hit 3K at the end of this month for sure with the rate it is growing now.
Most miners have abandoned Bitcoin cash though, August the one was just an event overhyped and it honestly didn’t affect us that much. Price of Bitcoin cash hit 700 yesterday but now it is at 300-400 USD. Slowly seems to be dying.
Of course, without the support of users, BCH will simply die. But if there are people behind, like big entities, it will survived but it will just be a pump and dump coin. It may bubble in the future, but we all know that it will be bursting soon. The event just go unnoticed and the price of bitcoin even go to $2900 now. Its one thing to hype BCH but without the backup of big miners who rather stick with bitcoin for now. And I think with the recent split, bitcoin price will gradually rise and will peak at $3000 again or even more. |
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I have also used exodus wallet few months ago and found them really handy but I left them because they will not give you full control over your cryptos (i.e. they don't share private key with you). Jaxx is another multicoin wallet out there which shares private key with users as well as they never send any of your wallet data to their servers. You can use Jaxx as alternative to exodus like me.
I downloaded exodus wallet about a few weeks ago and I thought that they you full control of your funds there that's why I want to used it. While jaxx is a better option, I think there was a news that someone has lost funds in there. https://www.cryptocoinsnews.com/users-report-losing-400000-due-to-jaxx-wallet-vulnerability/So it is not a safe option as well. So to be safe, don't used jaxx. I felt disappointed with exodus, I thought you have can full control over it. |
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It is good app and i submit in it $110 and i have missed this chance to make millionaire. It is my bad luck. But instead of it i came in bitcoin field not too much late. Because when i came in bitcoin then bitcoin price was $300 and now you look bitcoin give me triple profit and it is enough and good for me, because i am not greedy person. Many of us missed that chance for becoming a millionaire. I think its not too late thou, there are other coins that will make this rise in next 7 years. But which ones? 110$ invested in couple good and new altcoins can bring a fortune in next 5-10 years. In 2011 I wasn`t here, but I`m now and i have some picks, I save in bitcoins now so anything can happen. This application is nice for dreamers and people who are not in bitcoins yet, in this way they can see how big opportunity they are missing for not being active here. Of course eventhough that there have been missed opportunity in the past, we still can invest in bitcoin and possible be a millionaire in the future. That is why bitcoin saving is really worth but you need to have a good patience in order to enjoy profit later. I'm still trying hard to earn at least 1 bitcoin in my wallet and will not touch it whatever happens. |
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University of Oxford Launches Fintech and Blockchain ProgrammeSaïd Business School, at the University of Oxford, has announced the launch of a new digital open enrolment programme on FinTech that will cover topics ranging from Blockchain technology and Artificial Intelligence (AI) to crowdfunding and quantum computing. According to the official announcement, the Oxford Fintech Programme, launched in collaboration with GetSmarter, examines current and emerging financial technology. The programme is being run by Nir Vulkan, Associate Professor of Business Economics at Oxford Saïd and David Shrier, business author and CEO of Distilled Analytics - both leading authorities on fintech. Peter Tufano, Peter Moores Dean and Professor of Finance at Saïd Business School, commented: “Technology and the mobile revolution are rapidly transforming financial markets, institutions, and business models. Drawing upon the expertise of leading academics and practitioners from Saïd Business School, our new digital Fintech programme, supported by GetSmarter, will provide entrepreneurs and executives with the insights and knowledge necessary to navigate this changing landscape, and adapt and progress in their careers.” https://coinidol.com/university-of-oxford-launches-fintech/ This is really such a welcome news to see Educational Industry taking a leap and join the new wave of revolution which is Blockchain Technology. They are covering a large based of topics which will surely attracts a lot students or even professionals to enroll in this program. I'm pretty sure that it will be successful because it has the backing up of several Fintech authority person. Hope to see this another success story that we are going to hear in the future. |
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Recently, many banks are having some problems like unexplained reduction of the balances of the customers accounts, ATM card skimming and much worse is that the people working in banks have access to the accounts and can do whatever they want to the accounts so those who have bad intention can easily do it. Our money is not secured in banks anymore. Good thing there is bitcoin when you have control of your money and the start of blockchain technology can prevent this things happening if its totally implemented.
Globally, this has been the issue of most banks. Hackers (sounds familiar isn't it) skimming and other schemes that fall to the category of like bank is stealing money from us. I still have funds in a bank and do regularly used it specially that my day job pays thru ATM's which is very convenient for most of us. But I do believed that most of the banks are really taking advantage of people like high interest rates, not giving enough time to people to pay loans and harassment if you haven't done your payment. But as financial institution, banks will remain here whether we like it or not. |
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Where can i read about signature campaigns and how that works and what it is?? I keep seeing this posted around as the best way to get into Bitcoin.
Are there any apps or things online to help me earn actual bitcoins? I am looking for obviously other ways to earn other than buying due to the large cost per coin at the moment. Any information here would be great!
Check this thead about signature campaigns. https://bitcointalk.org/index.php?board=52.0Why don't you go to trading? Or offer your skills then ask for bitcoin as payment? https://bitcointalk.org/index.php?topic=1941106.0 ->> Thread for the which professional skill best for online income. I think you need to familiarized yourself about how bitcoin works first, before trying to get your hand on earning it. You can also go around the forum and check other thread that may help you as well. We don't like spoon feeding. There are no shortcuts in earning bitcoin. You need patience and hardwork. |
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What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?
Bitcoin cash probably will not have the same value as bitcoin because there are some that don't support, moreover bitcoin cash is a fork of bitcoin, bitcoin cash is a altcoin. Of course it will not get any support from the community except to get this coins for free and dump it for BTC again. And it will not gain any popular assistance because it is just a altcoin.
BCC is just another coin, I would say it will end up as altcoin and will be used in dumping and pumping on exchangers. It's gonna be biggest flop stunt by devs.
Agreed. Those who will support this will have that in the back of their minds. They will suddenly pump it then dump when the price is good. Or they will create a bubble out of it and people are suckered into buying and holding without realizing that it is a trap that you can't get out once they have dump it hard. |
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Seems my activity didn't change. Should read 490 but showing 476 to me. HERO at least ☺
Its showing Hero now. Congrats!!! |
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Nice thread. But I didn't get this formula "activity = min(time * 14, posts)" does this mean that I can increase my activity limit after tow weeks ? Also does the activity limit increases everytime ypu rank up? Thank you.
No. Activity points doesn't increase even though you rank up. Its still 14 activity points every two weeks regardless of your rank. looks like ther's no shortcuts here ))
By now you already should understand that there are no shortcuts. You have to stay active in this forum if you have dreams to become like Hero/Legendary someday. You need to be active for 8 months or more to achieve this kind of status. Ah. So it's really hard to rank up in just two weeks, the shortest time tp rank up is 1 month then? Say, if I posted 20 times under two weeks, I will only get 14 activity right? So what will happen to the excess post? Will it be counted in the next two week? Or will it be discarded. Thank you. Yes. The minimum to rank is 1 months which will give you 42 activity points meaning you are now a Junior Member. Then you have to wait for another month to become a Member then. 14 activity points is the max that you can get every 2 weeks. Nothing will happen to the excess post. It will not be discarded. So don't think that post count = activity point. No. Its not like that. What forum account levels are there? There are multiple account levels on this forum, here is a quick list for all of them and how to get them: 0 Posts: Brand New 1 Activity: Newbie 30 Activity: Jr. Member 60 Activity: Member 120 Activity: Full Member 240 Activity: Sr. Member 480 Activity: Hero Member 775-1030 Activity (random): Legendary Hope this helps. Thanks Baofeng for clarifying this. Basically, I won't be able to become a Jr. Member until August 16, since my account is only created this July 15. Is that right? Exactly, You will be officially become a jnr member on Aug 16. I know that you are very excited so that you can join signature campaign. hahahaha. Just be patience and go around the forum and learn something new at least a day and you are very much in the road to become more experienced member in due time. Goodluck. |
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No any blocks were mined in bitcoin cash which shows majority of hashpower is with bitcoin so bitcoin is already safe for transactions. But nobody are being able to move their BCC to sell on high prices.
Viabtc has already mined the first bitcoin cash block. But I don't think its sustainable in the long end. https://pool.viabtc.com/pool/BCC/state/bitcoin price will continue staying in this channel, going up and down but increasing the bottom each time and testing the ATH each time it does before it breaks through and goes above the $3000.
this may take a while though, but when it breaks the $3000 resistance i'd expect the real rally to begin.
I believed so, the price will hover around $2700-$2900 for a while before seeing the magical $3000 barrier being breach. We will test it again for sure and will try to sustain it there we can. Probably a month or 2 is needed and when if its sustainable, then expect the price to rise even more in the future. |
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I finally understand now how we get upgraded in rank here in bitcointalk. Thank you  To even help you estimate how many weeks you need to rank up. You may use this: https://www.bctalkaccountpricer.info/Instructions are pretty much straighforward. Just plug in your User ID. If you go to your profile on Bitcointalk and click any of the links under Additional Information, part of the URL will have u= folowed by a number. That number is your User ID. I think activity points have been given. For those who haven received it yet, I think you need to post at least once or thrice to see your rank up. I just ranked up to Full Member today, fyi.  |
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