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11541  Economy / Speculation / Re: IF eth takes over from BTC will BTC then face a relative colapse? on: May 31, 2017, 03:23:38 PM
... and then there are stats like this (published today):

http://www.trustnodes.com/2017/05/31/ethereum-now-three-times-nodes-bitcoin

"The ethereum network has nearly 25,000 reachable nodes, spread across the globe, less than two years after its launch, while bitcoin currently has only around 7,000 nodes that verify the network."

That's thanks to GPU mining. ASIC mining has proven to be poison to Bitcoin's health and vibrance and it's not going away now.

I don't believe Ethereum is any type of replacement, but there's no doubt it could be far bigger in the short term.

BTC has a relatively small window to pull its finger out. It's no longer theoretical. It's a real thing being used by real people who will look for more accommodating options sooner rather than later. And I don't think it's ETH.
11542  Other / Off-topic / Re: What's your way of spreading Bitcoin knowledge? on: May 31, 2017, 12:30:31 PM
I don't bother. It opens up a can of worms taking responsibility for someone else's Bitcoin moves. Better to leave them to it. For all I know every single person I know is into it.
11543  Economy / Investor-based games / Re: Doubling your Bitcoins?? Scam or real?? Your opinion on: May 31, 2017, 10:52:14 AM
You have an activity level that high and this is a question you feel the need to ask?

It's so obviously scammy my pussy just fell off.

After all these years there still isn't one single option to earn 0.1% annual returns without a degree of risk.

11544  Bitcoin / Bitcoin Discussion / Re: Should You be Concerned About a Bitcoin Chain Split on August 1st? on: May 31, 2017, 10:19:58 AM
Anyone should be concerned, but I think it'll be the factor that drives enough to people to adopt Segwit in a less silly manner to avoid a splitting scenario. We'll see some true colours emerging along the way though.
11545  Economy / Investor-based games / Re: avalon, onecoin, bitclub on: May 31, 2017, 12:25:44 AM
bc they do Multi level marketing and advertising? ^^

Don't you even know what multi level marketing is at heart? It's just another Ponzi.

Look at the poll results. There's a hint in there somewhere. 

If you want to throw your money away then go right ahead and don't let anyone stop you.
11546  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: May 30, 2017, 07:49:54 PM
Did anyone buy that nice green candle that came out of the flat yesterday? I did, now I'm a bagholder, I really hope it's not going to continue down.

You will almost certainly die.


NEM's current problem is that it hardly produces news. Behind the scenes there is hard work being done on Catapult which will drives the prices as soon as it has been released. Until then the price will probably hardly move upwards. In my opinion, it is more important that the team focus on the development of this important milestone and not on short term price increases.

That's how it's always been. That's how it'll stay. I'm fine with that. Anyone getting in recently should wrap their heads around this too.
11547  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2017, 03:06:22 PM
I never bother checking the price these days unless I have to buy something. It's much more fun guessing from thread titles.
11548  Bitcoin / Bitcoin Discussion / Re: Tomorrow 31th May (Japan time) will open internet giant GMO Btc trading platform on: May 30, 2017, 02:41:51 PM
in japan bitcoin is already very big they use it like they use their jpy or yen, it's hard to think that it would make any difference there in japan, if it was another country where bitcoin is not very known perhaps yes, but nonetheless it's a good thing more exchange more possibility to have more people that buy bitcoin

No one in Japan is using it. It is legitimate now, but it's never been used anywhere like the same way as in the US for instance yet. Bitflyer, currently the biggest exchange in Japan, has most of its volume due to less than ten traders.

And if this does become a big deal no one will be using it still. All they'll be doing is trading it.
11549  Economy / Speculation / Re: If China opens BTC withdrawals - would that mean a pump or a dump? on: May 30, 2017, 02:15:20 PM
But they allowed ETH withdrawals - ETH can be sent to other exchanges just as easily as BTC.

Good point. But it's also a brand new market and now everyone on there will be KYC'd up the arse. I assume very close tabs will be kept on them. There must be plenty of Bitcoiners on there from years ago who still haven't submitted themselves to cavity searches.
11550  Economy / Speculation / Re: If China opens BTC withdrawals - would that mean a pump or a dump? on: May 30, 2017, 02:06:43 PM
I'd say Dump.

Here is my reasoning: they stopped withdrawals because they were afraid people were using btc for capital flight. Suppose they were right and once withdrawals are allowed, people will send the bitcoin to a western exchange where they can exchange them for dollars or euros. Or use localbitcoins to cash out in dollars or euros.

Either way, that means selling and hence a dump.

I think the capital flight thing was overblown, just as Cypriots and Greeks queued up in their, er, tens to convert to Bitcoin.

I assume withdrawals won't be enabled until they figure how to stop the possibility. It can't be stopped so perhaps there never will be withdrawals again.
11551  Bitcoin / Legal / Re: Crypto and Family Separation on: May 30, 2017, 01:22:36 PM
I get the 50 / 50 thing. I guess you just need to decide a value on those assets and I imagine that would be the value of what you had at time of separation. i.e. she can't take profits I've made since she left, least I think that's how it works here.

Find a lawyer. No one here knows anything.

The value at the time of separation is in the past. The value at the time of the financial settlement is what they're going to look at.
11552  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XEM - NEM - price speculation next 2 months on: May 30, 2017, 12:49:09 PM
Honest price prediction... if bitcoin rolls over and crashes to around $1300 which is still my expected outcome, NEM will fall to $1B market cap or less along with all over big altcoins that have gone up 20, 30, 50 fold over the last couple of months.  The crash will likely be like any other bubble in history, with years of low volume price consolidation before a new bubble builds.  Just because I think NEM should be valued higher doesn't mean the market agrees.  In fact Ethereum will likely be trading at $5B market cap sometime in the next year.

I think crypto in general is haunted by the 2014/15 bear market. I also think that won't happen again to such a brutal extent. It was down to factors that no longer are there.

There will undoubtedly be no shortage of crashing, but it'll feel distinctly lightweight compared to that.
11553  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2017, 12:09:31 PM
Another unexpected twist is that the Kraken's BTC/EUR volume has overtaken bitfinex's BTC/USD volume.

I'm surprised it's taken BFX this long to start working its way down the charts. Are there any USD left on there?

I hope Kraken has sorted out its propensity to clap out at high volume moments.
11554  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2017, 11:59:19 AM
ETH on the rise again Undecided

And it's overtaken Bitcoin's volume for the very first time. That's quite something even if it is largely Poloniex and Korea, neither of which are exactly realistic markets.

Bitcoin needs infomercials and endless waves of incomprehensible ICOs NOW.

All ETH needs to square that circle is Dan Bilzerian to buy in at the absolute top.

11555  Economy / Investor-based games / Re: avalon, onecoin, bitclub on: May 30, 2017, 11:34:15 AM
You would not be investing in any of them. You'd be giving them your money which they would then use for their own ends and either feed you a load of shit to keep you sweet or not bother and move on.

Bitcoin gives you the option not to be raped by others. Take it.

What are the odds that the OP will ignore the poll results completely?
11556  Economy / Speculation / Re: China is dumping, prepare for crash. on: May 30, 2017, 11:23:32 AM
That is correct. If China dumps, we have Japan and South Korea to balance it out. The premium paid (over Bitcoin's price at international exchanges) by Japanese and Koreans is high.
China's loss will be Japan's gain.

Korea is a bastard to get money in and out of. Japan is zero fee. I don't really think either place will be relevant to elsewhere until they open up and straighten out.

I love the thread headline though. Very retro. 
11557  Economy / Speculation / Re: If China opens BTC withdrawals - would that mean a pump or a dump? on: May 30, 2017, 11:18:43 AM
Would make no difference. Not all accounts would be able to withdraw, only the ones that are identified.

Wouldn't you provide a picture of yourself gormlessly holding up your communist party card to access your vast amount of BTC?
11558  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2017, 01:15:14 AM

Holy shit!  How many times did you hit that sheep?!


It offended me.

Anyway, that's not my exact car. Mine's silver and has more cigarette burns in the interior, and a couple less dents but more rust.
11559  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2017, 11:39:44 PM
That's some nice wild road you have there. I don't like to take animals life but, well, shit happens. How expensive is your car insurance after all that incidents???

I don't bother claiming. My front end is 95% cable ties these days. I would motorcycle around but it's far too dangerous. If the animals don't get you, then the lakes of shit will.

A fella who worked on my father's farm was blatting along one day on his bike and saw a sheep on top of the hedge. He looked at it, it looked at him, then it jumped for freedom and landed on him and broke his leg.
11560  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2017, 10:27:20 PM
Washing the truck is always rather suspicious.

I don't trust anyone who washes vehicles. I let the dirt build up and then it usually comes off like a complete second skin when I have my next car crash. My latest was with a sheep. I won.
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