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It won't get banned everywhere.
Basically the strong countries will embrace bitcoin in the hopes of stimulating a new fintech economy - this is Japan's strategy, and it looks like it is successful. After they legalised it, some big ISPs announced they were getting into mining.
Weak countries with capital flight problems will ban it. China, Russia, and so on. And they will end up getting further behind.
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I personally think they'll be pretty much the same. What are your thoughts?
None of the exchanges have said they'll list bitcoingold. Bitcoingold seems to have come out of nowhere, possibly hoping to confuse people and make them think they have something to do with the 2x fork. But they are separate, nothing to do with 2x, it looks like they will have a premine, and it looks like most exchanges are ignoring them and concentrating on the segwit2x fork that will come later in November. |
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I remember mintcoin from it's cryptsy days, when it was worth 2 satoshis. Sadly it seemed to get dropped by a lot of exchanges - are there any plans to try to get it listed on bittrex or poloniex again?
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Xapo accepts non-European customers. It is based in Hong-Kong and was founded by an Argentinian man
My Xapo card also is gone because visa new rules. Can you explain? What visa rules are they? |
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this is not new.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
Actually this IS new. Prior to August, all teh alts were either scrypt coins or they were proof-of-stake coins. Which meant they were mined differently. You had various pools of GPU miners switching from coin to coin causing wild fluctuations in the block times, but bitcoin was unscathed, because it was a sha-256 coin mined only by ASICS. Once we start getting a lot of sha-256 forks, the ASIC miners are going to behave much like the scypt coin miners - they're going to switch from chain to chain, and block times on all the chains will get very unstable. This in turn weakens bitcoin's central premise - that you can send coinsand they'll get confirmed within ten minutes. If some of these forks are not killed, an alt will take over as #1, while the four sha-256 coins are fighting for miners. |
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even if everybody agree to the fact that this gold-fork is one more "fake" btc... its seem to me clear that majority of traders will do the same behaviour like we so in the previous fork... and for me is absurd... becouse if btc comunity go on in this way... why not a fork every couple of months?' it could happen!! so... thats depend just of the behaviour of the comunity. anyway, even if im a btc holder... more forks get real (and followed by people that sell alt fot this event).. more btc get a scam coin becouse of his comunity. i dont want to belong to this part of the btc holders... so i will not sell my altcoins to have more btc for pandering one more absurd fork.
Spot on. What people have missed is that prior to August 1st, Bitcoin and Peercoin were the only major sha-256 coins that the asic miners could mine. All teh other coins were either scrypt coins, or proof-of-stake coins. When bitcoincash launched, some miners switched to mining it, causing bitcoin blocks to slow down - you could go up to an hour between blocks. Now we are going to have FOUR sha-256 coins in addition to peercoin. Which means that suddenly bitcoin goes from being extremely stable, to wild swings in the mining, similar to what happens to the massive number of scrypt coins. The only solution is to kill some of these chains, not issue a new chain every few months. Investors have lost their senses thinking that a fork every few onths means extra money. |
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More forks, extra bitcoins for me. Bring them on. Forks are just another shitcoin to dump.
The forks mean there are more sha-256 coins to mine - which means miners switching wildly between chains. This destabalises bitcoin. |
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Hello everyone,
I am still fairly new to cryptocurrency, therefore that challenge is probably dumb... bare with me personally.
If a person has Holdings that value tens of thousands of 83000, let us imagine $20,000,000 plus they would like to cash deposit and it for their banking account, is it possible?has Holdings that value millions of 2500, let's say $20,000,000 and they would like to cash deposit and it for their banking accounts, how is it feasible?
Since Just BTC isn't controlled by banks, it's up for your own exchange websites to handle this trade (so I assume), so who'll cover this cash amount into this individual?
I reside in Australia and that I use two sites for the cryptocurrency, CoinSpot (multi-wallet and swap site) and Coinjar (Bit-coin wallet and exchange). I emailed them a support email, asking for the exact same, as It is not clear if it's really a country/company policy that dictates exactly what goes on in such situations.
Cheers.
Bitcoin isn't controlled by banks, but as soon as you convert it to fiat, that is regulated to prevent money laundering. It varies from place to place, but most exchanges operate according to US standards (even if they arn't American), which allows $2000 a day withdrawal with no questions asked. Anything higher and they want to do a full KYC on you, get you to upload your picture, your passport etc. |
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There is a bit of debate about the difficulty adjustments on bitcoincash: https://news.bitcoin.com/the-bitcoin-cash-community-debates-future-difficulty-adjustments/It has been three months since the Bitcoin Cash (BCH) network was introduced to the cryptocurrency community. So far, the BCH protocol is holding its own with continued infrastructure growth as well as capturing the fourth largest digital asset capitalization. However, the BCH community and the project’s developers are in the midst of a debate regarding removing the Emergency Difficulty Adjustment (EDA), which initially helped keep the network going during its first few weeks.
Presently, the EDA implementation added to the Bitcoin Cash network is causing some people to believe the network is having issues. For instance, a half a day could go by, and there are barely any blocks found, and then some days BCH miners will process a multitude of blocks in a short period of time. Some people believe ‘dishonest’ miners are abusing the EDA and the safeguard is hurting the network. It’s speculated that miners can simply join forces to initiate a difficulty adjustment when BCH’s market price is meager, which could cause disastrous inflation. The conversation has got the BCH community discussing the situation heavily, and developers are talking about different solutions.
On August 25, Bitcoin ABC lead developer, Amaury Séchet (Deadalnix), revealed his idea for a difficulty algorithm change for the BCH network. Séchet says he was expecting “wild swings of hashrate” between both BCH and BTC chains. “This isn’t something we can completely prevent without both BTC and BCH hashrate adjusting in timeframes equivalent with the ones of price swing,” explains Séchet on the bitcoin-ml mailing list.
...in the mailing list email Séchet proposes a solution which has been submitted for review, so that the rest of the Bitcoin ABC developers can discuss the idea. The algorithm is designed to “adjust the difficulty to hashrate to target a mean block interval of 600 seconds” – according to an individual called “Mengerian” who reviewed the idea with Séchet. Mengerian says other design features include avoiding drastic changes during times when the hashrate is flat, and adjusting difficulty when the hashrate changes fast. Séchet says he simulated the following scenarios with constant hashrate and swings between block intervals. |
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At the time of writing BCH price is 0.081 lower on 04, August. i am looking for the chart of BCH price and i see that the trend of BCH price is move down. Personally at the moment if buy BCH is risk, we should wait BCH price is exist this move down trend. Moreover now have a lot of altcoin that have a good price when you buy it most likely you will get big profit like Centra. so why you have to buy BCH
That's because the coins that were trapped in Xapo and Bitstamp have finally reached the market. In a couple of weeks the coins in Gemini will hit the market too, so the price will dip some more. After that it should rise till Jan when the Coinbase coins are released. |
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So now that large Banks and investment firms are starting to get involved, do you think they will try to manufacture crash and correction scares to trigger more doubt and an exodus of "the weak hands"? For some reason I feel like we may see this kind of game play involving bitcoin, unless the exchanges try and do something about it. I know many exchanges have limits to help both themselves and market fluctuations. But imagine a massive sell off that kpe bitcoin at the same price for years or made it go down severely enough to trigger worry among even veteran users. is this possible? should more precautions be taken against greedy abuse of the system. is the system already to resilient to be messed with by them. thoughts please.  They won't actually need scare stories - the banks have so much money in their propritary trading accounts they can move the price by themselves without needing weak hands to do it. They're super whales if you like. |
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Bitcoin forked into bitcoin and bitcoincash on August 1st. Gemini (the exchange owned by the winklevoss brothers) has finally made an announcement about how to withdraw your bitcoincash: A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.
We are pleased to announce that as of Saturday, October 7, 2017, Gemini will allow all customers to view their BCH balance and request a withdrawal via the BCH withdrawal request page. If you choose to request a BCH withdrawal, your entire BCH balance will be transferred to your chosen withdrawal address.
BCH requests are not sent onto the blockchain immediately. The first time we will process all submitted BCH withdrawal requests will be Wednesday, October 11 at 1pm EDT. After that point, requests will be honored within 5 business days from the time of your request. Example: If you request on Saturday, October 21, 2017, your transfer will be executed on or by Friday, October 27, 2017.
Although we do not currently have plans to open order books for BCH trading, we will continue to update our customers as the BCH situation evolves further.
Thank you for your patience and understanding throughout the implementation of this withdrawal feature. If you have any questions, please contact us.
Onward and Upward!
Team Gemini I expect this will lead to another drop in bitcoincash prices as the new supply gets sold into the market. |
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There's plenty of bravado out there, but if Corecoin really does get awarded the current signalling distribution then it's going to be borderline unusable and it'll stay that way unless they themselves hard fork into a different form. Then we have three coins as a few nutters might mine the original one.
Things are going to heat up rapidly between now and November, but I think most people are rational enough to know 2X is going to be a fuckup that's abandoned before it gets rolling.
It depends on the miners doesn't it? They haven't come out and said what they're going to do. |
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The main reason the price is dropping is because Bitstamp and Xapo finally released the bitcoincash they owed their members from the August 1st fork.
Unsurprisingly people are selling, and the combination of supply suddenly available and people dumping them forces the price down.
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That doesn't make any sense. So what if their node needs some tweaking. As if that would stop them from fixing it since BTS is a high volume coin and brings in decent profit in fees. Let's wait for what move Polo makes. If it delists BTS too then it's prolly the SEC. Yes - what Poloniex does will be a big clue, because you can not only trade bitshares on Polo, but lend them too (one of the few coins they have approved for lending). Bitshares is currently the #2 most actively traded coin on Polo today... |
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Trading how? The key is what they can offer to investors. If it's accredited investors only or they don't provide any vehicles via the usual channels then it's still very interesting but won't have as much effect as it could have.
They can do proprietary trading - that is, trading using their own funds rather than on behalf of customers. The big question is how much money they are willing to invest - they have a lot of funds and could quickly overwhelmn the crypto space by themselves. |
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Hi, I look for a bounty campaign, that doesn't pay tokens, but ETH, Doge, Litecoin or similar.
Those are old established coins and don't need to run campaigns. Bounty campaigns are for new coins trying to gain publicity. |
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You spoke too soon! The price has fallen back to $4296. It won't break the $4400 resistence line till after the whole segwit2x stuff is resolved - so range trading till November.
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It seems Bitmain has just changed it's payment options to accepting ONLY BCC.
This must be seen as an attack if not an all out declaration of war against BTC.
I think it is a HUGE strategic blunder by Bitmain. But hey...who knows?
Bitmain is a private company - they're free to sell their hardware for whatever they like, fiat, btc BCH, LTC, whatever. They don't owe "allegience" to anyone or any coin. If people don't like their payment options, just don't buy from them. |
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