I keep reading all these scam accusations against poloneix , yet, people keep using them. Is it that the majority ain't aware that they are selectively scamming?
New accounts are having problems withdrawing, but old accounts are not. So the old accounts continue to use Poloniex. In addition they have some features that other exchanges don't, such as the ability to lend btc and some alts and the ability to short some alts (because traders can borrow them). Bittrex for example has no lending and no margin trading. |
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I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?  Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts? Do you see many institutional investors in Bitcoin at this time? Are pension funds including Bitcoin in their portfolios? I have exposure to this information at my job and can assure you they are not. Based on this I would say that we are still in the stealth phase, possibly moving into the awareness phase. Pension funds can't invest in unregulated investments (because this is old people's retirements we're talking about). However, Hedge Funds can invest in whatever they like and I think this current move up in the last few months is hedge fund money. That is why I think we're at the first stage of Mania, which is "Media Attention". Once cryptos get ETFs approved etc, then we get to the part of mania labelled "public" where Joe Bloggs is actively choosing to put money into cryptos. We are several years off that. BTW, I think this chart is for cryotos as a whole, not just bitcoin - no way to know which coin will be top top when we blow the top. |
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Do you keep HODLing ?
Do you close and find another altcoin ?
what's your strategy ??
I sell in stages as the price goes up. Holding is not a good strategy with alts, most get pumped and dumped dramatically, and yes, you could wait for another pump to cash out, but you could be waiting a year. |
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With the recent difficulty corrections and current price, BCH is now more profitable for mining than BTC. Wonder what would happen if all miners progressively change to BCH mining
They would leave a gap on the real Bitcoin hashrate, which would mean that someone mining Bitcoin Cash would go back to mining real Bitcoin, because the difficulty would lower and the price would still be several times higher than Bitcoin Cash. That is the irony, at the end of the day Bitcoin Cash can never get anywhere near the real Bitcoin. As soon as people leave the real Bitcoin to speculate with the Bitcoin Cash hashrate, they will create a new opportunity to mine Bitcoin. It's a constantly leveling-itself system. Yeah - but it will take at least two weeks for the bitcoin hashrate to adjust downwards, and in the meanwhile a bunch of noobs who don't understand what is going on will be panicking about their transactions taking forever to be picked up, and we'd get some panic selling on the exchanges. If the panic selling results in the bitcoin price dropping some more, the profitability of mining BTC drops further and more miners switch. Rinse and repeat. If only we'd just got large blocks a few years ago, we'd be in a different place. Oh well - have kept most of my BCH, so it makes no difference to me which coin takes the top spot. |
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Be warned, It began.
Now it is more profitable to mine Bitcoin Cash, last 10 hours.
Yes. And the difficulty adjusts tomorrow, so it might be even more profitable to mine bitcioincash from Saturday around noon. The question is: will miners switch? 10% will for sure, and this is enough to get everyone else on board. A 10% switch will cause real problems for bitcoin - delays in blocks being mined, huge mempools. I wonder if the price of BTC will then drop? You see, it will be difficult to drop, or rise, my prediction is it will freeze totally, the price and the blockchain. There will always be some BTC miners, there will always be Bitcoin, it will be used for something else - to store value, the transaction will take weeks or months, but it will pass someday, for sure. Actually, I predict BTC to rise as well after a huge drop, but it is not happening now, so we will talk about it when it will happen. For what we use BTC today, we will use BCH instead. Bitcoin isn't freezing, it's dropping. Was over $4300 yesterday, but is now below $4100. Granted that is just a 5% move, but it may move more if the miners start switching. |
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Because miners are realizing that its more profitable at the moment to mine BCH. Investors are realizing that the 8mb size is actually working. And 90% of the hash rate is run by ONE organization which makes it easier to P and D.
This is the correct answer. The price rise means it is now more profitable to mine than Bitcoin. And on Saturday around noon, the difficulty drops again, making it even more profitable to mine The next stage depends on the miners - are they going to maximise proftability? Or endure losses because they love Core? Adding to the drama is the fact that most alts are based on scrypts, so ASICs can't really mine. Bitcoincash is the first major alt that uses sha-256 which means that at last bitcoin miners have an alternative... |
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It's been on a high lately, and I would've guessed that it would've fell already, but it keeps climbing. When will it fall? When should we sell? Or should we hold through the next fall?
what comes up must come down.
it already went down from $4,500 recently to almost $4,000, now it's back at around $4,300 if you're expecting a huge correction, then that already happened during July, but bitcoin quickly rebounded back It might go down another 15% from where it is at the moment ($4300) |
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I like this market the crypto currency. You can always choose a better offer, and after the price adjustment, you can always return to the familiar currency. This gives a guarantee that in the near future we will not lose the opportunity of stable earnings.
It's fun isn't it? They'll be doing case studies in business schools in ten years time about how the market sorted out which cryptocurrency went to the top without the interference of any govt or regulator. |
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bitcoin now keep increasing and everyday pump the price value i think the bitcoin continue to raise before the end of month reach a price value upto 5000$ or if not reach that amount maybe at first week of incoming will reach the price value 5000$, the bitcoin now rapidly continue the popularization in the cryptocurrency world.
I'm expecting some profit taking this weekend (people moving some money into fiat just in case miners switch to BCH and BTC starts having problems mining blocks. |
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BCash is destined to achieve at least 1:1 parity with BSegwit, the people backing BCash has very deep pockets, much more so than BSegwit. Jihan Wu and Roger Ver alone, has several billion dollar in BTC+Fiat at their disposal, and these are just 2 backers of BCash.
and those criteria are an absolutely superb reason to never go anywhere near it. the rest of the world is supposed to be turned on by that? mom and pop and pension funds will entrust their money to those people? Do you think that if bitcoincash is successful those will be the ONLY ones backing it? Don't forget that there are about 16 million coins out there, and lots of whales decided to keep their BCH, "just in case". |
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Agreed that BCH is being pumped, nothing more. Its just another altcoin. No merchants are suddenly gonna focus on adopting BCH as a method of payment. It won't be purchaseable on Coinbase, and it won't be traded at any major exchange (just the minor ones). Don't get suckered into just another form of altcoin pump. This one just happens to cash in on the good name of bitcoin.
Overstock are accepting it (along with other alts). I've no doubt others will follow if it looks like the low fee big block thing is taking off. |
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Be warned, It began.
Now it is more profitable to mine Bitcoin Cash, last 10 hours.
Yes. And the difficulty adjusts tomorrow, so it might be even more profitable to mine bitcioincash from Saturday around noon. The question is: will miners switch? 10% will for sure, and this is enough to get everyone else on board. A 10% switch will cause real problems for bitcoin - delays in blocks being mined, huge mempools. I wonder if the price of BTC will then drop? |
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Be warned, It began.
Now it is more profitable to mine Bitcoin Cash, last 10 hours.
Yes. And the difficulty adjusts tomorrow, so it might be even more profitable to mine bitcioincash from Saturday around noon. The question is: will miners switch? |
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BCC is speculation pump/dump coin. And all BitcoinCash blockchain is controled by one pool, what is not credible.
It depends on whether other miners now start shifting to it, now the price has risen. If they do, the coin has a future |
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It's because there will be a difficulty shift tomorrow, and they are hoping to attract miners to mine it. High price and low difficulty means much profit for the miners.
Of course if lots of miners shift from bitcoin to bitcoincash, then that creates problems for bitcoin.
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I have been using bitcoin for a couple of years now and I have been around since the $200 price and each time there is a rise in bitcoin I see someone like you create a new account and say the same thing about that rise being a bubble, warn about holding, and generally the same things you just covered.
and if I wanted to listen to you people each time you create a new topic like this then I wouldn't have had this much bitcoin by now. and I will continue ignoring this type of FUD in the future and use my own brain to make decisions.
bitcoin is the most valuable thing with the biggest potential that most people don't even start to understand. what bitcoin does and what it offers combined with the scarcity means only an idiot doesn't hold bitcoin until 10K dollar at least.
Bitcoin has potential - but you can't rule out something going wrong and an alt (or even bitcoincash) seizing the crown. So small amounts of profit taking are wise. Only a fool goes all in. This upcoming weekend is going to be interesting - there will be a non emergency difficulty adjustment for bitcoincash on Saturday, which will make it considerably more profitable to mine. If miners start switching it will cause bitcoin considerable problems. See this thread: https://www.reddit.com/r/btc/comments/6u15ml/why_this_weekend_could_be_big_for_bitcoin_cash/ |
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The chances are pretty high. MtGox got hacked, as did Vircurex. With Mintpal and Cryptsy, the admins ran away with the money.
Poloniex got hacked, but made good users coins from their own money.
Bitfinex got hacked ans "socialised" the loss by taking a cut from everyone's funds. BTC-E was apparently hacking other people, and their wallets have been seized by the FBI.
The only people with insurance against hacking are Coinbase. With every other exchange, you are taking a risk.
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