B2X: Bitcoin Exchange Bitfinex Reveals Ticker for SegWit2x ForkBitcoin exchange Bitfinex has signaled its intent to provide support for both bitcoin blockchains following the SegWit2x hard fork in November. The exchange will continue to list the incumbent blockchain as “Bitcoin” under the ticker symbol “BTC” and will list the SegWit2x blockchain as “B2X”. Bitfinex made the announcement in a statement on the exchange website on Friday, stressing that it does not “intend to advocate for or against any particular hard fork” and made the decision to list the incumbent blockchain as BTC and the new one as B2X due to operational concerns. From the statement: “We have a responsibility to foster, maintain, and support orderly markets that trade continuously 24/7/365. With a hard fork that lacks clear community consensus, we cannot suspend operations and wait for a winner to emerge. Leveraged trading requires that our markets operate continuously. On operational requirements alone, we must designate such forks as new assets.” Significantly, Bitfinex added that this designation would not depend on hashing power, so the original blockchain will continue to be listed as “Bitcoin” even if the B2X chain attracts more initial support from miners. However, the exchange may alter these labels in the future if “market forces suggest…a more appropriate” labeling scheme: “We are doing this for practical and operational reasons. Political considerations are irrelevant here. While we cannot change or re-assign ticker symbols, we can change the label or description associated with that ticker symbol. For the time being, BTC will continue to be labeled as “Bitcoin,” and B2X will be labeled as “B2X.” This will remain the case unless and until such time that market forces suggest an alternative, more appropriate, labeling scheme for one or both chains.” To help maintain pricing stability after the fork, Bitfinex has created chain split tokens that enable traders to bet on the future value of the coins on each blockchain. Traders can deposit BTC and receive an equivalent amount of both BT1 (incumbent blockchain) and BT2 (SegWit2x blockchain). Following the fork, Bitfinex will convert the tokens into BTC and B2X. At present, BT1 is trading at $3,476, while BT2 is priced at $1,173. Bitcoin exchange Coinbase has also announced it will support both blockchains following the fork. However, Coinbase — a SegWit2x supporter — has not revealed what labels and tickers it will apply to each chain. Source: https://www.cryptocoinsnews.com/b2x-bitcoin-exchange-bitfinex-reveals-ticker-for-segwit2x-fork/
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UBS Chief Executive Officer Sergio Ermotti said the world’s wealthiest are staying on the sidelines when it comes to crypto-currencies. “People are more curious than really willing to invest,” Ermotti said in a Bloomberg Television interview in New York on Tuesday. “I don’t think there’s any meaningful desire by high net worth individuals to take big bets on this kind of phenomenon.” While JPMorgan Chase & Co.’s Chief Executive Officer Jamie Dimon famously panned bitcoin last month, saying he’d fire traders who bet on it, many financial firms have been exploring ways to leverage the blockchain technology underpinning crypto-currencies. They’re increasingly responding to growing interest from clients to track and even trade the digital coins. Bitcoin has surged more than 300 percent this year, drawing the attention of hedge funds and wealthy individuals. China cracked down on crypto-currency exchanges in September, while the U.S. Securities and Exchange Commission said in July that sales of some new digital currencies would be subject to rules just as equities are. “We believe existing currencies may move into becoming more of a crypto-currency,” Ermotti said. “We don’t really believe there’s much room for the creation of new currencies if there is no real backing for a hard and credible issuer of that currency.” Source: https://www.bloomberg.com/news/articles/2017-10-10/wealthy-remain-curious-but-skeptical-about-bitcoin-ubs-ceo-says |
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Putin Condemns Bitcoin, Calls for Russian Ban of Digital Currencies RT quotes Putin as saying that Bitcoin creates: “Opportunities to launder funds acquired through criminal activites, tax evasion, even terrorism financing, as well as the spread of fraud schemes.” After Putin blamed a host of Russia’s criminal problems on Bitcoin, the central bank echoed his remarks, calling digital currency a pyramid scheme: “We have seen how Bitcoin has transformed a payment unit into an asset, which is bought in order to obtain a high yield in a short period of time. This is the definition of a pyramid.” Source: https://cointelegraph.com/news/putin-condemns-bitcoin-calls-for-russian-ban-of-digital-currencies |
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In Brief:Despite saying it was working on plans to legalize cryptocurrencies, Russia has just announced a decision to block access to the websites that offer cryptocurrency exchanges. It's currently unclear if the move is permanent or temporary. No Crypto in RussiaRussians looking forward to incorporating cryptocurrencies like Bitcoin into their lives awoke to less-than-stellar news Tuesday morning, as Russia now intends to block cryptocurrency exchanges and the websites that offer them. As reported by Reuters, Central Bank First Deputy Governor Sergei Shvetsov called cryptocurrencies “dubious” during a conference in Moscow. He went on to add that digital currencies like Bitcoin and Ethereum are something people shouldn’t be able to easily access. “We can not stand apart. We can not give direct and easy access to such dubious instruments for retail (investors),” said Shetsov. According to CoinTelegraph, the deputy governor further backed up the decision, saying financial instruments based on digital currencies are nearly impossible to support; additional regulations would need to be put into place to prevent the Russian domestic market from dealing in cryptocurrencies. As for the ban’s effect on digital currencies, CNBC reports that Bitcoin experienced a $600 drop in value around the same time as the announcement, though it quickly recovered soon after. Yet Another BanRussia’s decision comes after China and South Korea imposed similar bans on cryptocurrencies and initial coin offerings, though China’s is said to be temporary. For Russia, specifically, it comes as a bit of a surprise. It was only last month that the country struck a deal to create Ethereum Russia, and soon after, Finance Minister Anton Siluanov stated plans were in the works to legalize cryptocurrencies. “The state understands indeed that crypto-currencies are real. There is no sense in banning them, there is a need to regulate them,” said Siluanov at the time. The ban may only be temporary considering these plans, and may have only been enacted until proper regulations are put forward later this year. If the ban is permanent, however, it will be yet another market digital currency has lost a foothold on, and another potential setback to the currency’s worldwide adoption. Source: https://futurism.com/russia-moves-to-block-cryptocurrency-exchanges/
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Bitcoin heading over $10,000 in six to 10 months, former Fortress hedge fund manager says Michael Novogratz Although he says digital currencies like bitcoin show signs of forming a bubble, former hedge fund manager Michael Novogratz is going all-in. The former Fortress Investment Group manager says he's been investing in bitcoin and its underlying blockchain technology for a while and sees bitcoin's price rising to over $10,000 in the next six to 10 months, largely because of heavy investor interest. Bitcoin was up 2.1 percent on Tuesday, to $4874.15 as of 5 p.m. ET, according to CoinDesk, and has surged in value this year. "I can hear the herd coming," he said during an appearance after market hours Tuesday on CNBC's "Fast Money." He likened bitcoin to digital gold. Novogratz is starting a $500 million fund to invest in cryptocurrencies, initial coin offerings and related companies. He put $150 million of his own money into Galaxy Digital Assets Fund and plans to raise the rest from outside sources by January, mainly from wealthy individuals and families and fellow hedge fund managers. He told Bloomberg Television last month that digital currency like bitcoin is "going to the be the largest bubble of our lifetimes." JPMorgan Chase CEO Jamie Dimon last month called bitcoin a "fraud" and said he would fire anyone at his bank for trading it. But whether bitcoin lasts or eventually gets replaced by the next new thing, the underlying blockchain technology is probably here to stay, he said. "Blockchain will change the way we live," he said. "This is not going away." Source: https://www.cnbc.com/2017/10/10/bitcoin-heading-over-10000-in-six-to-10-months-former-fortress-hedge-fund-manager-says.html
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 Russian government-owned RT and Reuters both report that Vladimir Putin has decided to take a stand against cryptocurrencies in general, and Bitcoin in particular. RT reports that Putin believes digital currencies could be used to finance terrorism, evade taxes and launder money, and that Bitcoin itself is a pyramid scheme.
Putin takes a standRT quotes Putin as saying that Bitcoin creates: “Opportunities to launder funds acquired through criminal activites, tax evasion, even terrorism financing, as well as the spread of fraud schemes.” After Putin blamed a host of Russia’s criminal problems on Bitcoin, the central bank echoed his remarks, calling digital currency a pyramid scheme: “We have seen how Bitcoin has transformed a payment unit into an asset, which is bought in order to obtain a high yield in a short period of time. This is the definition of a pyramid.” Of course, just a year or two ago, pundits were saying Bitcoin needed to be regulated because the falling price was causing investors to lose money. Now it’s the rising price that’s a problem, apparently. There goes that planIronically, just last month Finance Minister Anton Siluanov said: “There is no sense banning [digital currencies], there is a need to regulate them.” Less than a week ago, Siluanov was planning on including the topic of digital currency in the country’s financial literacy strategy. Likewise, at the end of August, Cointelegraph reported that the Moscow Exchange was considering including Bitcoin-based derivatives and exchange traded funds (ETFs) among its many offerings. Even though today is the first time Putin took a direct stand against Bitcoin, clouds have been gathering on the horizon for some time. Russia’s deputy finance minister Alexey Moiseev recently called Bitcoin a pyramid scheme and announced his intention only to allow “qualified investors” rather than “ordinary people” to buy Bitcoin. Consequences Cointelegraph reported earlier today that the Bank of Russia is attempting to block all Bitcoin exchanges in the country. Despite the sharply negative news out of Russia today, Bitcoin continues its surge toward $5,000. This comes following a sharp drop from $5,000 to $3,000 last month, and a rapid rebound that has brought the digital currency almost back to it’s all time high. In the last month, the market first reacted to, then shrugged off, China’s ICO ban, China’s exchange ban, South Korea’s ICO ban, and now Russia’s attempt at banning Bitcoin. For the market to remain bullish in spite of the volume of bad news demonstrates just how powerful the Bitcoin bull is. Source: https://cointelegraph.com/news/putin-condemns-bitcoin-calls-for-russian-ban-of-digital-currencies |
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Feel free to free your thoughts bitcoiners  . We are aproaching a major point of the bitcoin bull run so now let's watch the bitcoin rally very very close. No way, I don't think bitcoin is coming down anytime soon because people are buying it more than ever for the next coming chain split. After the November's hard ford - people will get free Bitcoin Gold BTG based on number of their own bitcoins save in their wallets. |
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Yes, Bitcoin is everything you want to called it, a currency or an asset. Bitcoin is more popular these days because the value of bitcoin is growing in an exponential rate. People are now making profit with bitcoin more than their own ancestral businesses just for holding it for few months. Bitcoin has huge potential in the future because it provides more freedom and privacy to the people. Bitcoin is purely digital, fast, secure, decentralized and accepted globally.
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There are masses of potential for Bitcoin in Africa. It’s a monetary system for the unbanked, it’s trustless and far less corruptible, and it can create a new monetary system where there’s no long legacy of banking and financials. However, across the continent, in different countries, the uptake has been surprisingly slow. From South Africa and Nigeria, as the biggest players in Bitcoin, to smaller nations like Tanzania who are seeing big growth, but with small numbers. https://cointelegraph.com/news/why-is-africa-slow-on-the-bitcoin-uptakeAfrican countries have a lot of financial problems. People are struggling for what they want to eat. Even if a person want to buy and use bitcoin in Africa there are not much cryptocurrency exchanges. I was reading some article few days ago - I read some article saying, bitcoin sells for $7000 USD in Tanzania. The cryptocurrency exchanges that operates in Africa are asking for more than what people are willing to buy. So many things going on down there, you guys should leave Africa alone for now.  |
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What should we do keep your bitcoin, sell it, or buy more? now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...  The truth is buy more bitcoin as much as possible because China and South Korea cannot kill bitcoin. Bitcoin is back now stronger than ever. Bitcoin show the world that it is fully decentralized because China and south Korea's actions got nothing on bitcoin and the price is on the way to set new all-time high. Finally, but not least... the reason why you should buy bitcoin now is because of the next split - hard fork, after that you gonna get bitcoin gold for free which is going to be worth a lot in few months just like bitcoin cash. |
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i am new here ..But donot inderstand which is the best wallet for bitcoin. I want to know which online wallet is the best for bitcoin and which wallet fees is low .
You can post this topic in the Beginner's Section : https://bitcointalk.org/index.php?board=39.40Also, if you will be reading there, you might find the same topic because as far as I've know, there are a topic about this and it is moved also in that thread. Well for me, I found Xapo to be the best online wallet out there. I tried blockchain.info which is also very good, and electrum too. But I found Xapo the best because it is simple, user friendly and has the most secure 2FA in the market. |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized. Their countries , their laws. It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities . Yes, every country has their own laws and practice. So, if some country from the 3rd world struck a law for banning people from using bitcoin that is their own problem not yours. The way i see it, is the lack of good understanding of what is bitcoin and how it works. When people are lazy to go and learn about something new and listen to the media i think they will only understand the negative side of that very thing. I believe that was what happened there. |
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No. Bitcoin cannot make banks disappear for real. Banks hold the money for offline businesses. In fact there are some offline businesses that never had an idea of coming online and never will - Tell me how those businesses can use bitcoin, huh? Bitcoin has huge potential and have very strong role to play on the future but i don't think bitcoin will ever replace banks completely because government and companies pay salaries, wages, and loans through banks and also banks control fiat which is the currency for people that are not tech savvy. To use bitcoin you should at least know how to operate computer and a lot of people can't... Bitcoin might rather slow banks down or make them less important by the people in the future.
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Hi ColorlessK,
I found 2 scammers on Facebook spreadsheet using my username: cybersofts
Scammers number on Facebook spreadsheet are #586 & 587 - While my original number is #537.
You should disqualify these scammers before the of the ICO because I don't want any trouble in the future.
Thank you for understanding.
Best regards,
cybersofts
You failed to take action over these scammers. What do you want me to do, then? |
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#JOIN
Bitcointalk: cybersofts
Forum rank: Full Member
Posts count: (1045)
ETH address: 0xA3807236a0B5b0392CC5691Cc26542E6A39f6F76
Hi Sylon, Your boy turned Sr. Member  My Signature spreadsheet #77 Looking forward to updates on spreadsheet. Thank you for your time. Best regards, cybersofts |
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Bitcoin is the future of money, or so they say.
I would like to hear your opinions on Why should people use Bitcoin?
Yes, Bitcoin is currency of the future. As bitcoin is digital, fast, secure, cheaper transactions and fully decentralized. Bitcoin is acceptable globally. That feature alone of global acceptance can make bitcoin the currency of the future. People should use bitcoin because it provides more freedom and privacy to the people which is what people want. Bitcoin puts people in control of their money, assets and so on while the traditional banking system tend to control everything and with them people no longer have privacy. |
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As soon as we reach $ 5000 there is a ban somewhere!
Haha true. But dont believe until any official announcement is made. Moreover it has been done right at the time when a hard fork is just coming up. Curious to see the reaction of investors. Because if this happens we might see a price decline again. Well, sometimes things are not very clear till they are announced! We can't really rely on this because I think only time will reveal the truth behind this matter. And people should stay away from spreading negative FUDs because that's what normally devastated value of bitcoin in the past. Sometimes "Big Whales" set up a speculation that end-up with negative FUD which might hurt the value of bitcoin and other coins as well in order for them to buy some coins more cheaper from the people that panics. I think people should be very careful with what they are saying about bitcoin because the value is still recovering. |
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I don't know why people say bitcoin is gambling. Its not gambling. You are investing your money and time. You use your internet. So its not gambling dealing with it.
Never mind the people. people like that are called "they" meaning they can never make anything good for themselves. Just focus on what you want and what you are doing. Never mind what other people are saying about what you like, trust or your plans. People will negative thinking will always try to advice you on what you are doing, and whenever you listen to them you will become one of them. Every entrepreneurship route you take has a risk so you should better take the one you trust the most. |
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