Tether has a Market Capitalization of about 2 billions. That is not really much these days in the world of cryptocurrencies.
Bitfinex has a trading volume of bitcoin of about 7%.
Why all those doomsday fantasies? What am I missing?
Tether is on loads of exchanges. It's 2 billion of fresh capital. Most other volumes are old money being recycled that never leaves exchanges. That makes a USDT multiple times more powerful than a USD you see on Coinmarketcap. Precisely. The massive market cap numbers do not truly reflect what is going on. Real numbers are much lower and USDT is surely playing a dirty game here. |
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Would love to see this thread revived right about now. Bump for justice.
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Some local guy is trying to sell one for $8500. Will these be hard to get? I know they are sold out now.
There is no way it’s worth even half that price. Income has dropped by half in the past few days and will likely go south of $100/day by next week. If you stop thinking about it in dollars and start thinking about it in a crypto currency that could explode, then you may want to reconsider where you stand on this. |
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Some ugly rumors floating around that the SC Dev team is testing a Bricking hack. Not a good sign. I guess that would lead to a GPU bricking hack and inevitably the death of Siacoin. These are some seriously dumb assholes if that is true.
SC Devs strike me as competent and fair, not business minded but not assholes either. I doubt they are going to brick anything. |
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I'm afraid that if the price drops below 10k $ it can reach 8k $. Perhaps the psychological factor will work, which will bring the price even lower, although it is impossible to predict it accurately.
Agreed. If it means anything then with the cave at that I am not an investor: I have buys, increasing linearly, from $8k all the way down to $2.5k. |
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You do realize that the market cap is just the price times the number of coins in existence, right? Of course the market cap will be lower when the price was lower.
It's one of the main reasons why all these shitcoins are a total joke. For example, Ripple, and all these premined scamcoins, create an huge supply of coins, and if someone buys just $1 USD worth, the huge premined supply will now become the marketcap at a vlue of $1 USD each. So a shitcoin generates 100,000,000,000 tokens, someone buys $1, and now the marketcap is $100,000,000,000, it's a total joke. Coinmarketcap is so misleading to newbies that think Bitcoin has real competition. All of these shitcoins have manipulated supplies with very dodgy history behind like developers burning coins in purpose, generating them, airdropping them... it's nuts. Jesus, Mary and Joseph: well said man! Should print a t-shirt and walk around with this post on it. |
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As always, really helpful. Thanks everyone.
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O wise and helpful Bitcointalk users, I am fearful of missing out on the next Bitmain batch.
If you have a moment, please share your wisdom:
- How do you monitor Bitmain?
- Is there any consensus on when Bitmain will be releasing their next batch? From looking through the forums it looks like it will happen when S7 reaches its end of life. What are your estimates on that happening, given the current difficulty trend?
- Safe to say that since Bitmain only accepts BCH, we will see a run for BCH when their batch is made available, i.e., get BCH now before the rush/demand pushes up the price?
As always, much appreciate the knowledge and wisdom shared here.
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I think if everything stays as it is then $12k to $10k is pretty much a given after which Bitcoin will start doing its thing and punching down walls again. That said, if the Chinese government does its thing (or if Roger Ver beats them to it) and enough hashing power is suddenly withdrawn from the network then a network stall, regardless of how long it goes for, is going to give the media a field day. I see it going back to prices from early 2017
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Oh, wise and honorable Bitcointalk users:
- How does one find someone to host Bitcoin mining equipment?
- What does one usually pay for hosting of such a nature?
- Is it priced in terms of rack space/electricity consumed, like in a normal data center where they give you a 42U rack and a 20A/208V PDU for a fixed monthly fee?
Thanks in advance for your help.
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Apologies if this is already discussed in another thread somewhere, please point me to it if it has. In a nutshell: From https://www.youtube.com/watch?v=L7s7-09-oms&feature=youtu.be, Ver says "Once the Bitcoin Core team succeeded in making Bitcoin less usable" Absolute rubbish, sure, but it got me thinking about what his true modus operandi is because earlier he says (around the 1:20 mark) "If Bitcoin Cash becomes popular enough and siphons away enough of the mining hash rate from Bitcoin Core in a short enough period of time, Bitcoin Core is in really big danger of coming to a screeching halt. " Since Bitmain now takes BCash and Ver is already an investor in the big companies that support Bitcoin, possible that Ver and Bitmain are colluding to pull Bitmain's big pool away from Bitcoin and to BCash? I'm thinking Ver would then use his influence in his investments to get them to scream that the Bitcoin network has halted but never fear because Bitcoin Cash saved the day. Am I nuts? Not making any sense at all? Have at me! |
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FYI, we've lowered our fee down to 0.0005BTC and are working to get it down even further.
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Looks like an advertisment thread. Some random user posting a review claiming he is not affiliated with the website in question but gives it a glowing recommendation anyway, complete with another user affiliated with the webside which defends said website without even thanking the original poster for his recommendation.
Quick question, why would we use a supposedly fake user to write a post which sets up our service to offer something that we keep saying we do not do? We are not an anonymizer or a Bitcoin mixer. The purpose of our service is to facilitate payments between a merchant and their customers. We do so at a fixed fee and not as a percentage. If anyone has any questions regarding our service or suggestions for improvement please don't hesitate to get in touch. Incidentally, next week we are lowing our fee temporarily to 0.00125BTC. |
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A newbie account promoting a site and saying not affiliated in any way, is that kind of a joke? Btw I ever heard of bitcoin cleaning, that you btc is send to some service with large customers who's also doing so and they will send it back to you It is still traceable, but will be a bit hard to do Btw buying btc from miners will give you a clean btc  We are facilitating payments between a merchant and their customers. We are not an anonymizing service. I don't understand your joke. |
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I stumbled across a website ( www.setgetgo.com) that lets you receive BTC payments through payment links/buttons or API. Whats cool about it is all you need to do is provide them a BTC wallet address you want to receive payment in, what BTC amount you want to receive, and it will generate the HTML you need to put a link or buy now button! First thing that came to mind was to use this for e-bay transactions you want to be paid in BTC. Their fee is very reasonable (0.0025 BTC per transaction) and you dont need to sign up or provide them any information. I suppose you could also do this to hide how much BTC is in your wallet as no one knows which wallet is receiving the payment. Pretty slick! I am not affiliated with the site in any way, I just wanted to see what everyones thoughts were on this as I hadnt seen something like this before now. That is something that should be sipervised and investigated. i dont trust quickly things hat are like this especially if the rules of the game are too simple to earn profits because I dont believe in easy cash as the site is offering to us btc holders I understand everybody's viewpoints, short of you using SetGetGo and seeing for yourselves that we are not scamming anyone but simply providing the service of a payment processor with fixed fees and not a payment processor with percentage-based fees (which gets REALLY expensive!). Merchants are getting the short end of the stick from the big payment processors out there so we are trying to level the playing field and give players more choices. Have to stress once more that we are not offering anonymization services. We designed our service so that it was really easy to get going (no account required) and not to facilitate obfuscation of the paper trail from one Bitcoin user to another. We're working on getting a Money Transmitter license in the US. This requires a couple of things that may go a long way to proving our good faith in this arena. This includes criminal history of the owners of the company along with a significant bond and insurance. Will keep you all posted when it happens! |
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I don't find the need to be anonymous and even if I do, there is no need to pay 0.0025 BTC to be anonymous when we could use wallets which supports features like multi-sig, generating new address every time etc.. Wallets like mycelium and coinbase are free to download and generates new addresses for every transaction. The addresses are automatically saved in the wallet and can be used n number of times.
The purpose of our service is to facilitate merchants receiving payments from their customers, not to be a mixer or anonymizing service. |
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You can create an offline paper wallet, and then get someone to send the coins to you. But once you move the coins or try to send them to fiat, you will be revealed. If you want anonimity, then use deep onion or some other crypto currency that protects your privacy
The purpose of our service is to facilitate merchants receiving payments from their customers, not to be a mixer or anonymizing service. |
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