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2341  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The trick of the Whales on: October 25, 2017, 04:58:26 PM
There is definitely an accumulation phase that the pumpers go through, before they pump. See the following video:

https://www.youtube.com/watch?v=EG8PU6_-734

They do it by placing small buy orders at low prices (as a market maker), because they don't actually want to move the market while accumulating. Once they've got enough they start pumping by buying as a taker, to move it up.
2342  Bitcoin / Bitcoin Discussion / Re: How would you explain the drop of BTC Gold? on: October 25, 2017, 04:38:54 PM
I supposed BTC Gold would be a rocketing currency. But the drop by 70% showed all my predictions were nothing!! Why???

It's a rubbish pre-mined coin with no purpose and people are dumping their airdropped coins.
2343  Economy / Speculation / Re: Bubble or Not? on: October 25, 2017, 04:19:48 PM
In the 2013 bubble we went from $200 to $1000.

This time we've gone from $1000 in january to $6000 - so a much BIGGER move. On that basis, yes it's a bit of a bubble, it's risen faster than adoption, and will fall back. Take some profits people.
2344  Bitcoin / Bitcoin Discussion / Why everyone's talking about bitcoin and Zimbabwe on: October 25, 2017, 04:12:53 PM
https://www.cnbc.com/2017/10/24/why-everyones-talking-about-bitcoin-and-zimbabwe.html



Quote
A surge in demand for digital currency in Zimbabwe has highlighted an interesting quirk in the trading of bitcoin, as well as the current economic woes the African country is facing.

"Zimbabwe panic sends bitcoin soaring over $6,000?" asked a report on one cryptocurrency website over the weekend. While the answer is clearly no — there's not enough trade in Zimbabwe to impact the price — it does hint at two issues.

Firstly, Zimbabwe appears to be facing some serious currency concerns again.

After the hyperinflation of 2008, the country adopted the U.S. dollar as its own. But a scarcity of greenbacks means a crisp new $100 bill can reportedly trade at a premium and is worth more than the digital dollars that people have in their bank accounts. They're also trading at a higher price to the Zimbabwe "bond notes" that the government recently introduced. These are a domestic quasi-currency that looked to solve the lack of U.S. dollars in the country.

Now there's a "debilitating liquidity crunch and an acute cash shortage," according to the Zimbabwe Independent newspaper Friday, which has "severely crippled companies which need to import critical inputs for operations."

The Middle East's The National newspaper summed it up the other day: "This time (in Zimbabwe) the issue is not too much money — it is that there is too little. Because the reserve bank cannot print U.S. dollars itself — the U.S. alone can do that — it must rely on imported cash."

With concerns over currency, it's no surprise that the stock market is at record highs with people seeking any sort of haven. It's also no surprise that bitcoin is trading at a near $400 premium in the country. At local exchange Golix it was trading at $9,899 over the weekend. Golix has itself posted a blog on how capital controls and restrictions in the country are causing people to flock to bitcoin.

Nonetheless, this big price difference for bitcoin also highlights the second issue. Different jurisdictions having different currency rules will mean some price quirks. The knock-on effect? It will allow arbitrage trading — exploiting price differences between similar financial instruments. And with various countries around the world looking at state control for bitcoin, such as charging taxes on it, I'd expect more of these price peculiarities to appear.
2345  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin trading is very bad now. on: October 25, 2017, 03:47:06 PM
I was wrong about Altcoins. I was assuming great return after fork, but still they drop. A bit recovery occured after fork but this did not meet my expectation. I am still holding a lot alts hope they will survive and give me good returns in November 

It's because there is another upcoming fork in November and people arn't sure how it will play out. (it might not end up with two chains but simply one bitcoin chain.)
2346  Alternate cryptocurrencies / Altcoin Discussion / Re: Airdrop VS real success story on: October 25, 2017, 03:42:01 PM
Well Stellar Lumens was an airdrop - and it proved to be a huge success (mainly because they made real world deals with companies like IBM:

https://www-03.ibm.com/press/us/en/pressrelease/53290.wss
2347  Economy / Speculation / Re: Was Bitcoin Gold a Good Idea? on: October 25, 2017, 01:25:42 PM
Bitcoingold was a bit of a scam, taking advantage of people who wanted free coins and who imagined that it would be like bitcoincash.

The gold developers are so clueless, they are begging to hire people who can do replay protection - which goes to show that they're opportunistic marketers rather than genuine developers.
2348  Economy / Service Discussion / Re: Accepting BTC while selling on Etsy on: October 25, 2017, 01:23:34 PM
Rather than selling on etsy, you could try selling on a platform like Peerhub:

https://www.peerhub.com/

It depends very much on who your customers are - if they are cryptocurrency nerds, peerhub might suit you better.
2349  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin trading is very bad now. on: October 24, 2017, 06:44:48 PM
Today most alts are going sharply up, after this another BTC fork story. This will continue for some time, alts will go back to previus levels.

Alts got oversold, so it was inevitable that they would go back up again.
2350  Economy / Trading Discussion / Re: Decentralized exchanges on: October 24, 2017, 01:31:20 PM
They're a good idea - but the problem is that not many people use them, and hence they have low liquidity. The main reason people use Poloniex and Bittrex is because of the high liquidity.
2351  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The most undervalues altcoins on: October 24, 2017, 01:19:19 PM
I checked the price of several altcoins where value dropped 20-30x since June:

BTS, ZCL, LBC.

Perhaps these are the safest buys.

any ideas?

The main reason Bitshares dropped was because Bittrex delisted them. Poloniex still has them listed though.
2352  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which exchanges are supporting bitcoin gold? on: October 24, 2017, 01:08:20 PM
Poloniex has decided not to support it:

https://poloniex.com/press-releases/2017.10.24-Notice-About-Bitcoin-Gold/

Quote
We have received inquiries about Bitcoin Gold and whether we intend to support it. Until the software is released for review, we cannot commit to distribution nor can we pledge to support it. The reason for this is that we cannot be certain about the security and stability of the software, nor the state or health of the network prior to launch. Further, regardless of what the project team behind the new token may assert to the exchanges prior to launch, we must be confident that a blockchain token does not require dangerous and questionable activities in order to support it.

We've stated in the past that the safety of our users' tokens is our chief concern. As such, we have refused to support a forked token unless it had implemented replay protection. We would like to further urge our users to be immensely cautious of any token that expects to be given private keys that control value on another blockchain. This is dangerous and unnecessary, even for an alt like BTG that seeks to distribute tokens using the state of an existing blockchain.

Kraken and Coinbase have refused to support it for the same reason.
2353  Alternate cryptocurrencies / Altcoin Discussion / Re: The upcoming fork November 2017 (Bitcoin gold)? on: October 24, 2017, 01:05:47 PM
I dont see any BTG on Kraken yet.

You won't see it anytime soon, as they don't plan to support it atm:
https://twitter.com/krakenfx/status/922605826627342336

The only place where you can trade it is Yobit. The other exchanges are wary because it has no replay protection.
2354  Economy / Speculation / Re: Why does no one mention about the 200K BTG pre-mined? on: October 23, 2017, 07:08:45 PM
Saw those 200k+ pre-mined coins were supposed to sell into the ICO?

pre-mined seems like a scam to make the DEV fifty rich, and ICO? is this a double scam thing? is this even legal?

200k BTG is 20k BTC = 115,560,000 US Dollars at current market rate, for real?

The pre-mine is legal. What may be on the shady side is the developers calling it a fork. It is just an air drop with the developers having a pre-mine as interest. if the price goes to zero quickly, their coins will be worthless.

They've called it a fork deliberately to confuse people into thinking this was the segwit2x fork. That's the reason for the timing of it.
2355  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Advice on my upcoming BTG hard fork strategy. on: October 23, 2017, 04:35:27 PM
Alts have already started to rise. The only flaw with your strategy is waiting till 21 hours before the fork. You need to do it earlier when prices really are at rock bottom.
2356  Economy / Speculation / Re: Bitcoin Price Lingers Below $6k As Post-Fork Altcoin Rally Expected on: October 23, 2017, 04:26:58 PM
https://cointelegraph.com/news/bitcoin-price-lingers-below-6k-as-post-fork-altcoin-rally-expected

Quote
Following the network snapshot for the first of the forks, Bitcoin Gold, money could quickly flow back into altcoins, traders are suggesting.

You agree?

I agree. I think it's started - if you look at Poloniex, the lending rates for bitcoin have shot up, and people only borrow bitcoin when they want to buy alts on margin.
2357  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [BTG] my Bitcoin Gold speculation on: October 23, 2017, 04:05:40 PM
I'm not sure what the point of bitcoingold is.

Bitcoincash had the 8mg blocks without segwit (so satoshi's old code with added blocksize).

Bitcoin has segwit

Segwit2x will have segwit with bigger blocks

What's the point of bitcongold?
2358  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC gold and BTC cash confuses me on: October 23, 2017, 03:45:16 PM
Hello

so i am aware of the hard fork that generated BTC cash and the hard fork that will generate BTC gold, but what confuses me is the prices and market caps that these coins gains so fast !!

i was here when BTC cash is forked, in the first hours it reached 10B market cap !!

does that mean that the whole cryptocurrency market increased 10B ??

is it like 10B $ just transferred to the crypto world from fiat ??

Because it's a fork, there are a lot of existing coins in circulation.

Whereas a brand new coin will only have a few coins in circulation, and hence their market cap will be lower, regardless of the price per coin.
2359  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How to contact with poloniex support ( they do not answer ticket )? on: October 23, 2017, 03:42:34 PM
Poloniex has a HUGE backlog of tickets they're working through. Someone of reddit finally got one resolved that he'd opened in June!

If you arn't making any headway, make a reddit account and then send a private message with your ticket number to https://www.reddit.com/user/Mike-Poloniex
2360  Economy / Speculation / Re: BTC price down on yobit, btg now trading on: October 23, 2017, 03:04:55 PM
So the btc price has taken a bit of a dive on Yobit when the btg trading opened up. Does anythink that the prices will come down on other exchanges like this?

I honestly didn't think btg would move the price of btc at all.

The bitcoin price drop has nothing to do with bitcoingold. It's just people profit taking (and is happening on all the exchanges) 
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