what is solidx, quality same with ETF
i think after SEC rejected propasal about bitcoin, another company or institution must wait, until all the deficiencies that caused SEC refused to refine,
without refine i think aboulutely SEC rejected again
well , SolidX has alot of advantages on twins ETF as i did point out in OP. I will not base my BTC trades on the solidx upcoming verdict cause i belive it will be rejected but i find solidx somehow more SEC friendly setup. offering Insurance being none partial |
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i am interested to know why they haven't withdrawn it.
While the majority of the people here don't even bet a single penny on the approval of the SolidX ETF, SolidX itself from here has nothing to lose. Maybe they even have certain hopes since this ETF enjoys a great level of fund insurance that the SEC might take that into consideration when it comes to making a final decision. I just don't understand why the Winklevoss brothers didn't offer any sort of insurance to its potential investors. This is free advertising. They were a less known project than ETF and whatever the ruling might be some services and newspapers will talk about and increase the awareness. Sec is like a drivers license exam, you can improve and apply again, until you finally make it and even if you don't it's still worth a try. right, and the same free advertising will apply to bitcoin. |
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Bit Off topic but seconds after i started this thread Bitcoin gained around 40 USD . So you are welcome fellow bitcoiners  |
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i am interested to know why they haven't withdrawn it.
While the majority of the people here don't even bet a single penny on the approval of the SolidX ETF, SolidX itself from here has nothing to lose. Maybe they even have certain hopes since this ETF enjoys a great level of fund insurance, that the SEC might take that into consideration when it comes to making a final decision. I just don't understand why the Winklevoss brothers didn't offer any sort of insurance to its potential investors.right on , you did say something important there. SolidX offers 125M insurance on 1M initial offering . I think SEC are going to look at Solidx with diffrent eyes . Also do not forget about the bitcoin investment trust , they got listed . |
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it's a 100% no. there's absolutely nothing solidx can change about the main things the sec objected to. the rejection was all about the overall state of the bitcoin market.
i am interested to know why they haven't withdrawn it.
Yes, reason they gave us for rejection was regulation. I think it was just the reason that was easiest to present. They couldnt say , We do not trust the twins because they sit on shitloads of bitcoin. I think SolidX has better " case " going for it but it is 99% sure it will be rejected. Now as you said why did they not withdraw and why do we not have hype of solidx pushing the price up |
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We all know the twins ETF got rejected. But we do not talk about what SolidX got going for it compared to ETF.
wanker twins own alot of bitcoin and i am sure SEC were thinking this would make them partial and would also make it easier for price manipulation for their ETC on SEC. SolidX do not own any Bitcoins so they are not partial and less risk for SEC
Twins ETF COIN is based on WINDEX index but SolidX is not. Twins ETF use their own Gemeni Exchange to set portfolio value. Again another chance for price manipulation. SolidX is more open and diversified using indipendent and respected services to buy and sell and store Bitcoins and tracking prices/Value. Als their Bitcoin holdings will be insured for 125M USD! that is for 1M initial offering.
there might be a small chance SolidX might have a shot.
What you germs and ladies think?
EDIT: had to add several other points that shows SolidX has things going for it
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i am asking again. Can someone answer?
what happens to my cold storage bitcoins after the hardfork takes place? (if it take place)
Do i get equal bitcoins on both the chains to spend twice?
you will get same amount on the new chain |
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well we are talking about kwukduck and he is never right
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ok if i have btc on xchanges than what happen to my coins after hardfork?
Is better to have it on your own wallet . I think is ok to have it on exchanges since you will have a valid Adress you recived the btc. But why risk it? |
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wow, a hero member started a thread like this  the only dumping i am going to do is on this thread. |
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But what happnes if it forks? Will we lose our current bitcoins, or how will that work out?
you will not lose your Bitcoins! you will just exist on two chains. if you have 10 BTC then after hardfork you will have 10 BU and 10 BTC. so you getting BU for free sort of saying. So do not panic ... keep in mind how much profit was made on ETC/ETH fork. If it happens , there will be good chance to make at least 3 X your money |
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Ok, I used this as an opportunity to buy back some coins I sold at +$1200 prices. I personally didn't expect the price to head down towards sub $1000 prices, but today it was more than obvious that it would happen.
Those that have been waiting for sub $1000 prices should start buying right now, but I am fairly sure that they lack the courage to actually do so. Not everyone can handle a market that is getting dumped down.
Smart move, classic sell on top buy at the lows. You will be rewarded . enjoy your profits |
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Increase of BU adoption causes another 20% loss in value for bitcoin.
The question is when will it stop crashing? WILL it stop crashing?
The hard fork hasn't even happened yet and people already realize Bitcoin core is done.
hahahahaha, same old bullshit from you! harfork is not a bad thing when you sit on BTC. Sure it will create panic or it is creating panic but if one plays it smart making profit easy. Is not every day you get to exist on two chains at the same " time " you moron. the downtrend to sub 1000USD is mixture of profit taking , fud and noob panic selling. 900 has solid support and smart people will buy and wait for fork or wait for bounce back to 1100-1200 usd |
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ok let's make it more simple. you told us york 15 mln x 2 etc... now let's say someone has 100 BTC in his wallet. as we speak happens the hard fork. what will be the result for this someone? EDIT: roland we had the same question to be answered  Basically it depends where your wallet/coins are. 1. If you use a online wallet/service, you are locked into chain that they choose. Your coins will be valid still but on that single new chain. 2. If you use a wallet you control, depends on what chain you connect to. But, just using a local wallet, or a hardware wallet, at least you'll in time be able to choose a chain or other wallet provider you chose by configuration or by restoring your private key seed to a service on the chain you want to transact on. Technically you could on both I guess if they remain forked after a while and there is not safeguards in place by exchanges/exit ramps to broadcast on both. -T ok let's make it more simple. you told us york 15 mln x 2 etc... now let's say someone has 100 BTC in his wallet. as we speak happens the hard fork. what will be the result for this someone? EDIT: roland we had the same question to be answered you will have 100 BTC and also you will have 100 BU. You two are contradicting each other, aren't you?? Say i use blockchain as my webwallet, will i receive BU coins, or BTC coins? is there any statement regarding which chain they will choose? Same goes for Electrum, what will they choose? I don't understand the rise of popularity in a hardfork, it looks extremely dumb to me, and with me alot of other traders it looks like, if we see the current prices. Why do they keep pushing it? I said , when you have BTC in your wallet like 100 BTC when hard fork happens you will have 100 BU as well. it is like train on rails. right now btc has one single rail . After hard fork a new parallel rail will be created. so what ever you had before the fork you will have on the new rail. this picture might help http://cointimes.tech/wp-content/uploads/2016/08/forking_event-960x294.png |
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With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.
there will come a time when even bitcoin might die. But i highly doubt it will be any time soon. Just do not panic and sit on your BTC. is just NOOBs buying fud and panic selling. Noobs? Why wouldn't you temporarily swap depreciating asset for appreciating one? After the bottom is reached, you swap back and have more bitcoins. Hold your horses Cowboy. Yes noobs as in people that do not understand what bitcoin has done and how it has survived in the last 10 something years and noobs that sell bitcoin to fiat just because btc loses 10% . did i say something about traders swapping btc to altcoins and back? |
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As BU is rapidly taking over the ecosystem the price is plummeting. Will you be left behind?
damn, you are getting better at putting out yourbullshit. I had two read twice before i looked to see it is good old kwuduck. BU is not rapidly taking over, first of all they can not even handle the 1% changes they made to the bitcoin core codes . Secondly they are at 32 % support they need at least another 20% and if it happens it is going to take time and alots of it. And if it happens and we do get a seperate chain well then BTC holders will get same amount on BU chain. So is win win for Bitcoin core holder I agree. Many people here care far too much about BU. I think it's the desperation for a solution which is causing this fairly extreme optimism about BU's prospects. It might well be that Bitcoin does end up succeeding though, if miners get a bit more scared about what would happen if a solution was not found (the reason they would turn to BU is because BU is currently leading significantly over SegWit due to some Chinese monopolies). exactly, some BTC noobs panic selling based on FUD. People do not base their trading on facts, they just read some news and scream " ohh my god, the sky is falling " . |
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With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.
there will come a time when even bitcoin might die. But i highly doubt it will be any time soon. Just do not panic and sit on your BTC. is just NOOBs buying fud and panic selling. |
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Wow!! It looks like I can get into this. I like the volatility! I was just watching, and it shot down to $1000.00 briefly, before shooting back up to $1040.00
Theoretically, could I have put in an order $1000.00, then sold at $1040.00 for a $40.00 profit per btc??
I have a coinbase account, can I do this type of trading there, or is there a better place? I want to start doing this, even if it's only a few bucks you make every day or so. It's fun.
Not advisable. It is very difficult to time the market, especially a volatile one like Bitcoin. You could get caught on the wrong foot by a rapid price movement. You could sell at $1040, only for Bitcoin to rush to $1500. Figure out your long term strategy and trade accordingly. well , 40$ is profit. In finance no need to be greedy thinking what if i sell now and it goes higher. take the profit and sit back and see if you can do it again |
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Because of BU (Bitcoin Unlimited) Bitcoin has been dropping since more BU blocks were mined than Segwit. Then yesterday the exchanges announced a joint plan to incorporate BU. The reality of BU is causing the drop.
The market HATES BU but was fine when Segwit mined blocks were in the ascendency.
I have seen this play out in multiple crypto-currencies that push through a major change that doesn't have the support of the market. They become virtually worthless over the space of a few months.
right, so if exchangers going to list BU then why sell Bitcoin core. Everyone sitting on Bitcoin will get same amount of BU for free. I am holding my bitcoins and if BU does happen then i can make profit by selling BU or Bitcoin or both. In this scenario it does not matter even if bitcoin sinks down to 500 USD before BU is listed because i will get same amount of BU and BU will be also around same price as BTC. if i have 20 BTC i will get 20 BU and i can sell them even att 500 USD and still get profit. well you get the point if anything people should buy BTC now based on fork and double chain . |
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ok let's make it more simple. you told us york 15 mln x 2 etc... now let's say someone has 100 BTC in his wallet. as we speak happens the hard fork. what will be the result for this someone? EDIT: roland we had the same question to be answered you will have 100 BTC and also you will have 100 BU. |
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