It should be something like what you said. The owner will distribute it. Unfortunately, I don't have one. If you have hope, you can hold it. You can double the coin.
the owner doesn't distribute it, this is not a crappy ETH ICO to distribute. it is a crappy fork from bitcoin. you have to claim it yourself with the private keys of your bitcoin wallet that contain "ANY" amount of bitcoin in them. although, considering the price and network fees, small amounts wouldn't make any sense to bother claiming them. ps. do NOT click on any link that is not BTCGPU.org, i have seen a lot of weird websites calling themselves "official" bitcoin gold website but they have been all scams.
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this is the most idiotic thing i have seen in bitcoin world so far. and it is so on so many different levels. first obvious one is the price, they bought after the rise. and that is a lot of rise this year. the article said they have been doing it for months and still are doing it so they are in profit but still they are investing in bitcoin after a big rise. second it is easy to lose bitcoin. it said they are living in campsites! how are they protecting their BTC, in a hardware wallet! what if they lost it or got robbed now that they got a lot of popularity too! if i were a thief i would find it easy target. i hope they at least know how to protect their bitcoin properly
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in other words you mean to manipulate the price! not only you want to do an illegal fund-raising called ICO but also you want to do another illegal thing called manipulating the price. because that is what putting up a buy wall to prevent crash of the market means.
instead of coming up with ways to protect the price with tooth and nail, you should think of ways to protect the price with real development. create something that is really useful like bitcoin, and the price of it will go up on its own with the real demand it gains.
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the most usage of bitcoin is still as an investment and it will remain that for a longer time because the price is so volatile and rising like crazy. this will not change until mass adoption so the usage is not going to change either. it will continue to be used mostly as an investment. then it is to purchase stuff from internet, so mostly online shops will benefit from it. there already are many of them accepting bitcoin and they have increased their revenue a lot by doing it, surprisingly. and there is BitPay that each year releases a blog post and each year the usage is increasing even more.
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No, when bitcoin price goes up altcoin prices go down.
there are many reason for that. but mostly it is because traders want to focus on bitcoin and make the most profit out of the rally before it stops and starts its correction. and also because most altcoins are pump and dumps and bitcoin rise acts as the catalyst they needed to initiate their dumping phase.
and finally it is because people expect altcoins to get dumped so they act accordingly and when most of them sell, price starts going down, and because of that others join in and then we are left with a big dump.
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what adoption are you talking about? there are only a large number of ICOs and all of them are useless copy pastes doing nothing. it is not called adoption my friend. as for price, it is tanking these days, slow buy hard. even the fork couldn't change that. there is another -5% drop today.
and part of the reason why nobody uses other platforms is that ETH is staying on top of the lists because of its fake market cap, also because ETH is over-hyped and advertised to death, so every useless project tries to use that so called popularity to gain some small traction.
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and also I was believing about acceptance of bitcoin on Amazon, but wasn't able to find any official announcement from the team.
i didn't say Amazon thing is official, it was all a rumor. and rumor work both ways. the same way we have FUD and the price tanks because of a lie (for example the FUD about China 4-5 times every year), the way way price rises on a lie (for example the Amazon accepting bitcoin). And I've seen many people say that it's because that bitcoin has discovered its true value or anything like that, but I don't think that's the case as in that case the price would have gradually increased and not like a bear market just shooted up.
that is the panic sellers hard at work. they also worth both ways like FUD. the same people who sell at a panic for no good reason, buy with a panic (FOMO) for no good reason.
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the fork is for bitcoin so it affects bitcoin as far as changing and forking goes.
but if you are thinking about price, it will impact both bitcoin and bitcoin cash in my opinion. i think there will be some panic about SegWit2x fork pretty soon because there is opposition, and because of that bitcoin may start showing some downtime. bitcoin cash is known to use these FUDs to pump, so it may even rise up because of it reaching a new ATH.
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Looks very nice! I tried sending a bit of money, but it doesn't show up instantly. Anyway good luck to everyone!
It looks like now Bitsler don't allow BTC instant deposits right? You need to wait for at least one confirmation. Is it true? That would depend on the confidence of your deposits. If your deposit is not confident enough per bitsler's system, it would require 1 confirmation to be credited. I didn't understand confidence portion. Is the user confidence level or transaction confidence level? On what basis it will be decided whether the transaction needs one confirmation or can it be instant deposit? Last time when deposited my deposit was instantly deposited into my account but didn't do any deposits recently. it is the "confidence factor" of your transaction. i believe bitsler is using the blockcypher API to get that factor. if so you can read the details of it here: https://www.blockcypher.com/dev/bitcoin/#confidence-factorthey are pretty accurate at estimating it too.
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Bitcoin Gold (BTG) (happening around 10/26) is aiming to have a coin that can be mined using GPU processing (AKA computer video cards usually for gaming) the intention is to make it easy for regular people to mine BTG and remove some power to mining companies in China using special and expensive equipment to mine (known as ASICs).
you forgot the premine part! the bitcoin gold developer has plans to premine a large amount of bitcoin gold before releasing it and letting others mine it. i forgot how much it was but i believe it was thousands of BTG. that alone puts this fork under the shitcoin categories. because coins that have a premine like this are only created by the developer to make money. they come along, live a little, get pumped then the dumps start and the price goes down to 1 satoshi per coin and eventually they disappear.
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if you look at the charts of litecoin, it has had the same trend for the last couple of months. It pumps up then drops all the way down to the support line, it is at the support line now, would it be a good time to buy litecoin ?
litecoin is mostly moving with bitcoin. when bitcoin rises it takes ltecoin with it too. although the rise is not the same size. LTC has been rising much smaller for some reason, probably manipulation and some panic selling that prevents that. but you are completely correct about the support line. i have been watching it too. in the past few days i have actually placed multiple buy orders in low prices, usually around 0.01 BTC because price doesn't seem to be able to break that and go below it. in some small exchanges my buy orders were filled, and now i have so much more LTC than before. these swings can also be very profitable for short term trading to buy the dips and sell on top every few days.
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The Bitcoin community use to have fear of forks, that we are now excited and seeing the fork as a continuation of our original investment into Bitcoin is a huge advance in our thinking. Bitcoin can quickly adapt to any threat !
that is because there are different kinds of fork. - some that threaten bitcoin and can cause issues for the whole network. like the bitcoin cash fork which took some part of the bitcoin hashrate temporarily and caused some delays in finding the blocks. if they could keep the price up, hashrate may have came and gone and caused a lot of issues. there was 2 days that BCH miners were finding thousands of blocks per day instead of normal 144! LOL - some forks are obviously useless. like bitcoin gold, or other forks that do airdrops like bitcore. nobody cares bout these, they can not harm bitcoin and people are excited because they get free money!
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maybe he is trying to cover his tracks. we saw how he manipulated the market recently and they bought a large amount of bitcoin at the bottom. after that was public, i heard someone is opening up something against them with the law enforcement about "market manipulation". and if that gets to court it will be a huge fine for their firm since it is illegal in many countries to do this.
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"need to sell"? there is no need to do anything. it depends on what you like to do.
if you ask me i think bitcoin cash is going to get pumped hard because of SegWit2x fork since the drama about it is getting started and there is a good chance that we see a downtime in bitcoin price because of it the same way we had some downtime during August and people weer panicking. altcoins like BCH use these things to pump and it can be a good profit.
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I am just curious who sticks more to alt coins than the major coins?
anything that is not bitcoin is called altcoin. there is no "major", "miner" category. I own a few Ethereum ans a few different alts and catching a good new alt with good team before a big pump, roadmap etc seems to be bringing me in the most profit although i know they more volatile.
What are your opinions?
that is the strategy that good traders who are more familiar with altcoin market use. they invest in coins that are more active, that is why money moves around so much in this market. they go in an out of "hot" altcoins and make the profit in short term while they are getting pumped. others who are not familiar with the market, stick to one coin, and mostly buy that one coin when it is in a bubble and then keep holding it tight and hope that it "some day" recovers and that day usually never comes!
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I suggest for those all running the Airdrop program, please require them their Facebook, Twitter, etc. to see their suspicious activities.
that is a huge privacy concern and not everyone has an account with these website (Facebook, Twitter,...). and besides when you are doing an Airdrop on bitcointalk using bitcointalk accounts then why not just ask them to post on bitcointalk!
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USDT is an option but it is NOT a good option though. tether is a convenient altcoin with a nice feature that stays at $1 but at the same time it is not risk free. there is a high chance that the price can fall down, the company that backs this coin can even go down (bankrupt or something) and that can put an end to this coin and your money can go up in smokes. altcoins are not valid options either. they go down if by any chance bitcoin goes down. your only option is to go back to fiat if you think bitcoin may go down. and remember that no matter what you do, you are still taking a lot of risk. because there is a better chance that bitcoin rises a lot more like the previous time fork happened. you sell at $5000 and come back after the fork just to see price at $7000+
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there is also - Chinese news was updated and changed from "China banning bitcoin" to "Chinese exchanges may open up again soon". and also the fact that a big dip happened because of the China FUD and after dip there is a recovery and some small rally - also the rumor about Amazon accepting bitcoin may have had some effect. - there is also the fact that everywhere you look these days, they are talking about bitcoin. positive or negative doesn't matter, they are advertising bitcoin and it is bound to bring more money in. let me quote your post so the picture shows up: I made a little infographic with some explanations for the increase in Bitcoin's value this week. Are there any more theories or ideas out there?
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Recently, Bitcoin broke through $ 5,800, setting a record high in recent years, and Bitcoin became the biggest concern of the currency sector
the "currency sector" and mostly banks are celebrating these days. with the huge trading volume that bitcoin is attracting, millions of dollars is going through banks. processing all these transactions is giving them a lot of revenue that never existed before. not to mention all the money they make by trading bitcoin (remember JP Morgan investment in bitcoin) It is said that some people mortgage their own house loans have hoarding Bitcoin,
"some people" mortgage their house to do a lot of weird stuff. it has nothing to do with bitcoin. it is them. if it weren't bitcoin they would have done something else with it.
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I am not completely sure about the way we are using bitcoin right now. If we eventually need governments approval to buy/sell bitcoin, isn't it means that bitcoin is not completely independent ? Then why should we rely on it ?
i think you are confused about the meaning of some words and what bitcoin is supposed to be. bitcoin is decentralized, which means nobody can control it. they can control you when you are living in a country/society and you are forced to follow the rules. it is like the traffic laws. if you build a car from scratch all on your own and in your backyard, it still oesn't mean you can cross the red light. you still have to wait like others behind it. with bitcoin it is the same. regulation means you can not use bitcoin to launder money for example!
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