Here is the latest bit of good news for Bitcoincash: https://www.cryptoninjas.net/2017/11/13/bitstamp-decides-list-bitcoin-cash-bch/Bitstamp, a large bitcoin exchange in the EU which is licensed in Luxembourg, announced today the company will be listing Bitcoin Cash (BCH) soon for trading. Bitstamp’s decision to add Bitcoin Cash has come in response to strong demand from its users, there is no exact date yet for the launch of live trading capabilities.
In May, Bitstamp did a rebranding of the company image and shortly after added Litecoin (LTC) along with adding Ether (ETH) in August as the latest supported crypto-assets. The company will now have support for Bitcoin, Bitcoin Cash, Ripple, Ether, and Litecoin.
In September, Bitstamp distributed corresponding Bitcoin Cash (BCH) balances to their customers who chose to leave their BTC on its platform at the time of the Bitcoin Cash fork event. Users were able to withdraw their BCH funds in a timely fashion. At that time, Bitstamp announced they would be postponing the launch of BCH trading until further notice. |
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https://news.bitcoin.com/japan-teaches-western-governments-lesson-cryptocurrency-regulation/Bitcoin has been an officially legal payment method in Japan since April, when 4,500 stores began accepting the cryptocurrency, and leading financial newspaper, the Nikkei, tips that figure to increase five-Japan Teaches Western Governments a Lesson in Cryptocurrency Regulationfold by the end of the year. Japanese shoppers can spend bitcoin in a range of stores including electronics giant Bic Cam and bitcoin signs are displayed prominently, helping to raise awareness. BTMs – ATMs that exchange fiat for bitcoin – are scattered throughout the country, and there’s even the ability to pay utility bills complete with a special bitcoin discount via Remixpoint.
Following the Mt Gox collapse, in which the country’s (and indeed the world’s) largest bitcoin exchange liquidated, losing 850,000 bitcoins, Japanese regulators stepped in. Rather than try to stem the use of cryptocurrency, they enacted regulations which mandated exchanges to maintain capital reserves, keep customer funds separate, and implement KYC procedures. Meanwhile, many western governments have dithered over cryptocurrency regulation.
This week, Donald Trump’s treasury secretary issued his first public comments about bitcoin – and they weren’t exactly glowing. His primary concern was with ensuring that bitcoin couldn’t be used “for illicit activities”. He also invoked the usual canards that government officials are prone to uttering in the same breath, citing money laundering, terrorists, and the dark web. The only box the treasury secretary forgot to tick off was the one marked “child pornography”.
These accusations aren’t just limited to bitcoin of course. Cryptography as a whole is the bugbear of many western governments, with British and US leaders in particular expressing frustration that backdoors can’t be built into encrypted messaging platforms such as Whatsapp. Bitcoin is mercifully free from centralized attempts at meddling with code, but that hasn’t prevented governments from restricting entry and exit points from the fiat world. Officials haven’t lain the banhammer on bitcoin, but they’ve done little to support it.
Japan is a tech-savvy nation whose elected officials have a better appreciation of the Japan Teaches Western Governments a Lesson in Cryptocurrency Regulationtransformative power of emerging technologies than most. It follows that the more digitally-inclined countries should be among the first to embrace cryptocurrency. In Europe, Estonia, with its e-Residency digital passports, is another country that’s been positive towards cryptocurrency.
“Bitcoin regulation” can mean very different things in different countries. In Japan it means taking measures to safeguard citizens whilst encouraging the responsible use of bitcoin and enabling crypto companies to get on with business. In other developed nations, however, “bitcoin regulation” is a euphemism for “anti-money laundering”.
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Bitcoin seems to be trading in the $6000 to $6500 range. I can't see it breaking out of that - we'd need some big positive new. Either that the Lightning networks were ready and usable (which they're not at the moment) or a consensys blocksize increment (bringing back segwit2x) or the futures thing actually gets going.
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Kraken is under heavy load.
They're supposed to be releasing a new engine, but so far it hasn't made it under testing.
My advice is don't use kraken during the daytime hours of Europe - that's when it seems to stall the most. Instead wait till evening or after midnight Europe and place limit orders that will execute the next day.
For Europeans, Bitstamp does offer a good usable alternative.
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The best way to kill btc is easy
Make Fees Insanely High (Which they are now, $20 or higher)
Transactions take days or weeks (Which is happening now)
^^^^^ Updated Check forum many users complain about spending $20 to send less than $100. No need for them to lose all of that money , convert to other coin and pay less than a $1 That's easy to do if your coins are on an exchange (though wallets like coinbase only give you the choice of btc, eth and ltc), but if you have a hard wallet, you are completely stuffed and have to pay the fees. Worse is if you are an early adopter and collected lots of small tips - that makes the number of inputs huge and you end up having to pay practically all of it in fees. Nice racket if you can get it. |
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You need to use a different password on every single site (and make it properly different instead of a variation).
All sites get hacked - bitcointalk was hacked in 2014, and everyone started to receive phishing emails plus attacks on their logins for various exchanges. Those who had set up separate passwords for each exchange were safe, but those who'd reused the same thing everywhere got burned.
Don't be lazy people - make sure all your passwords are different and make sure they are all at least 12 characters.
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There is obviously a lot of chatter about BCH. FUDders are trying to mislead People into thinking that BCH could take over from BTC. Anyone who believes this even in the slightest needs to remember that this event will completely nuke the entire crypto market. It will set ALL of us back 8 years.
It's not good for anyone involved in cryptocurrencies if a miner-controlled, de facto centralized cloned currency threatens THE cryptocurrency with seemingly impregnable reputation established through 8 years of hard toil within a matter of days through artificial pumping.
What this would mean is that banks, governments, media and the so called financial experts were all right all the way along that cryptocurrencies are unreliable and it's just a classic economic bubble that could burst in an instant. After the recent mainstream attention on Bitcoin, any attack on Bitcoin to destabilize it is a death sentence for all cryptocurrencies and that includes all Bitcoin clones. Anyone who is blindly following along is pretty damn dumb and will end up falling on their ass. It's downright suicide.
If bitcoincash wins, it won't be the miners that decide it - it will be merchants and users. And it won't nuke the crypto world any more than Ethereum taking the #1 spot would. Your argument is like saying, "If Nokia get knocked off their top spot this is the end of mobile phone technology". |
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It's not an attack. It's the free market at work.
Nobody owns the miners and their hashrate - they get to decide what to mine. Nobody owns the investors - they get to decide what to invest in. Nobody owns the merchants - they get to decide which coins to accept.
You have to COMPETE for all their business. If you can't be bothered to compete and can't be bothered to listen to your customers you have to expect that some will simply walk away and find an alternative.
Claiming this is an "attack" is like Starbucks angrily denouncing customers who moved to Costa Coffee when they found out that Starbucks wasn't payinhg taxes (and Starbucks share price fell as a result). It's the free market at work - what did you bloody expect?
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It's marketing and promotion.
There are nearly 700 coins out there now (plus a few dead ones). It's no longer enough to have interesting tech or an interesting concept. Most people won't even hear about it unless you promote it and bring it to their attention.
In addition, you need to build a strong community that actually buys and uses your coins and will stand by you in difficult times. Look at the Ethereum community that kept the faith during various setbacks, or the doge community.
Without a community your coin is just a pump and dump coin, and that's if you manage to market it in the first place.
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In order for the Cashening to happen, you need the following conditions:
a) most of the hashrate
b) higher price than bitcoin
c) merchant adoption (to make use of those big blocks).
It's not there yet on any of them, though it is making mighty efforts. Lets wait and see how this plays out - if they achieve their Cashening, it will happen in 2018 not right now.
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Well Bitcoincash's big USP is that it has big blocks. And big blocks are mainly useful for merchant transactions.
So bitcoincash's success will depend on the payment processors like Bitpay adopting BCH and providing it as an option in their checkout systems.
There is a long way to go with that though. Bitpay is talking about enbling it but hasn't done anything yet.
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Remember that BCH does a consensus hard fork tonight to change the difficulty algorithm. We don't know how it's going to play out. It might mean the miners flocking back to BCH.
Be safe out there!
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Today was certainly a rollercoaster of emotion for all BTC and BCH investors, but I think it's pretty clear that BTC is going to win out and continue to grow. Even since the time of your post BTC is back up to ~$6.3k, and I think it will continue to go back up though perhaps not as quickly as the past couple weeks.
I don't think it's clear bitcoin will win out at all. The big development this year is merchants offering alts because of problems with bitcoin's fees. For example Overstock opened up buying stuff from them using alts (before that they only offered bitcoin). Coinbase enabled Ethereum and Litecoin in their wallet. Bitpay is thinking about enabling bitcoincash. The trend is for the infrastructure to include alts because bitcoin is becoming unreliable. |
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Remember that there are lots of bitcoincash locked up in Coinbase and they won't be distributing them till January. It's likely that this will cause a dump in the BCH price when that happens. In the meanshile the GBTC investment trust has announced that it will be selling it's bitcoincash: https://news.bitcoin.com/grayscale-investments-plans-to-sell-gbtc-based-bitcoin-cash-reserves/Their sales are ongoing and won't be finished till December. So there is plenty of downward pressure on the coin, as well as upward pressure. |
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So now I saw an ICO for taking care of family members graves. So much crap out there, and I am trying to build a project that is actually well thought out, viable, and transparent, and not getting attention. Are people oversaturated with coins that they don't even take the time to distinguish the good from the bad?
Promotion, promotion, promotion. You need to be on reddit, twitter, facebook, as well as on bitcointalk. And maybe try to get a slot on one of the podcasts talking about cryptocurrencies (see the letstalkbitcoin website). Having good technology is no longer enough now that there are nearly 700 coins to choose from. |
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Bitcoin is currently mining less than 3 blocks an hour, which is why there are so many unconfirmed transactions.
BCH's difficulty adjusts tonight, so some of the hashrate might come back to bitcoin, in which case the transaction backlog will get cleared.
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Where did you get this golden shit? we need to be alert, coz it might be true as btc unconfirmed transaction is keep on growing!
In less that 5 hours, the BCH difficulty will increase to 400%. Let's see what miners are going to do  We'll find out whether they are mining purely for profit, or if they're backing bitcoincash for ideological reasons. |
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Actually, $6000 seems to be under threat. Bitcoin is in the end a momentum trade. When prices were rising, they shot up through various levels ($5000, $6000, $7000) very quickly. Unfortunately, the same holds good on the way down.
It's actually holding $6000 pretty well. I wonder if the reason is that lots of coins are stuck in unconfirmed transactions and can't get to the exchanges? Bitcoin is also struggling to break the $6400 resistence. If this continues it will trade in the $6000 - $6400 range till the mempool is cleared (or not). |
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Doge goes through regular pumps - take a look at it's chart. https://coinmarketcap.com/currencies/dogecoin/What happens is that it stays flat for a bit as the pumpers accumulate cheap coins. Then it does a huge pump, after which it drifts back down again. Rinse and repeat. It's done this five times since it was launched. |
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I don't understand why the Core team arn't digging out their old miners and trying to mine bitcoin to get rid of the backlog. Sure they'd be mining at a loss, but isn't allowing the mempool to grow potentially more expensive in the long run?
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