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3021  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin "cash" - price speculation on: August 16, 2017, 07:21:38 PM
Bitcoincash has just mined it's first 8MB block:

https://blockchair.com/bitcoin-cash/block/479469

37,814 transactions included in the block

Fee total    0.36267884 BCC*    106.99 USD
Fee per kB    0.00004535 BCC*    0.01 USD

Hopefully this will persuade people to use BCC to send money - fees are low, and the blocks can cope with large volumes.
3022  Alternate cryptocurrencies / Altcoin Discussion / Re: So the Bitcoincash will have lower transaction fees? on: August 16, 2017, 07:14:49 PM
Just to update on this.

Bitcoincash has just just mined it's first 8MB block:

https://blockchair.com/bitcoin-cash/block/479469

It included 37,814 transactions.

Fee total    0.36267884 BCC*    106.99 USD

Fee per kB    0.00004535 BCC*    0.01 USD

1 cent per kilobyte is a nice low fee! But because there were loads of transactions, the miners made a nice chunk of change as well.
 
3023  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The most undervalued crypto? on: August 16, 2017, 04:07:34 PM
Golos is undervalued. It's like steem, but trades on bittrex.

Also, doge is coming back into the territory of undervalued. As you can see from the following chart, in bitcoin terms it's approaching the price where accumulations take place, prior to another pump:

https://coinmarketcap.com/currencies/dogecoin/

In that case Litecoin is considered undervalued as well
Although in USD term it's very expensive today
https://www.coingecko.com/en/price_charts/litecoin/btc

It's quite possible Litecoin will pump again. Most of the other alts are too expensive for accumulation, but Litecoin isn't - which means it's likely someone is steadily buying and will then pump when they've gpt enough.
3024  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The most undervalued crypto? on: August 16, 2017, 02:46:58 PM
Golos is undervalued. It's like steem, but trades on bittrex.

Also, doge is coming back into the territory of undervalued. As you can see from the following chart, in bitcoin terms it's approaching the price where accumulations take place, prior to another pump:

https://coinmarketcap.com/currencies/dogecoin/
3025  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Monero, Dash and all anon coins fucked? on: August 16, 2017, 02:26:41 PM
If anon coins were actually being used, you'd see it in the transactions. Here is the dash and monero transactions plotted on a graph:

https://bitinfocharts.com/comparison/transactions-dash-xmr.html

At most Dash managed about 8,000 transactions a day in April. And Monero is doing about half that. Looks like people in the dark markets prefer bitcoin.
3026  Bitcoin / Bitcoin Discussion / $45 Million: Ukrainian Lawmakers Reveal Big Bitcoin Holdings on: August 16, 2017, 01:12:32 PM
https://www.coindesk.com/45-million-ukrainian-lawmakers-reveal-big-bitcoin-holdings/

Quote
Recent disclosures by members of Ukraine's national legislature revealed that three lawmakers have a combined wealth in bitcoin of more than $45 million.

According to a report from RIA Novosti, Russia's international news service, the three lawmakers are all members of the "Petro Poroshenko Block," which constitutes the largest grouping of legislators within the Parliament.

Of the three named by the report, Dmitry Golubov possesses the most bitcoin: 8,752 BTC, an amount worth roughly $36 million at current prices. Alexander Urbansky possesses 2,494 BTC while Dmitry Belotserkovets owns 398 BTC, worth approximately $10 million and $1.6 million, respectively.

The disclosures come as Ukraine inches toward regulating the cryptocurrency.

I wouldn't be surprised if leaders of all developing countries held bitcoin - it's the one asset that can't be frozen if you get tossed out and need to run...
3027  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Bitcoin Cash overpower Bitcoin by 2020? on: August 16, 2017, 12:47:20 PM
Bitcoin Cash has been a disappointment so far. But not everything is lost. There are two positives for BCH right now. Check these:

1. The number of unconfirmed Bitcoin transactions have risen above the 50K mark once again, after a gap of almost one month.
2. A split looks possible for Bitcoin on November 2017, when the increased block size limit needs to be implemented.

Despite your point #1, people arn't really using bitcoincash instead. Here is the graph of transactions per 24 hours:

https://bitinfocharts.com/comparison/bitcoin%20cash-transactions.html

They're very low. They need to be ABOVE the unconfirmed bitcoin transactions, for there to be a breakthrough for BCH.
3028  Economy / Speculation / Re: Bitcoin rises, so people Google ‘bitcoin,’ so then bitcoin rises on: August 16, 2017, 12:12:13 PM
As usual people getting once it is valuable or expensive. Many countries are adapting bitcoin like japan and south korea that's why it didn't surprise me that the volume of bitcoin search in google is surging. People are curious on why some country are using bitcoin while it is just a virtual currency.

I think the constant reports on CNN and Bloomberg are the real reason people are Googling Bitcoin. It's hard not to want to get in on it when you hear it has risen by several hundred percent since January. It's the dot-com boom all over again.
3029  Economy / Speculation / Bitcoin rises, so people Google ‘bitcoin,’ so then bitcoin rises on: August 16, 2017, 11:25:28 AM
http://www.marketwatch.com/story/bitcoins-rally-seems-closely-tied-to-something-you-may-do-every-day-2017-08-15



Looks like you can predict the price just by watching Google trends.

Here are some more graphs:

3030  Alternate cryptocurrencies / Altcoin Discussion / Re: whats up with LTC? on: August 16, 2017, 11:19:29 AM
I'm not sure what the point of litecoin is. BTC has segwit and BCH has big blocks, and if you want super low fees and quick confirmations, there is always Doge.

I think the only reason litecoin has survived is that the Chinese exchanges feature it as one of the few alts on their exchanges.
3031  Economy / Economics / Re: Btc or Bcc on: August 16, 2017, 11:02:02 AM
I have been following the trend of augment between the support of bitcoin core and bitcoin cash about the one that conform to the idea of the founding father of bitcoin! That is a cryptocurrency that is decentralised, low fee, fast in transferring and use as money and stored of values. In your own opinions which one among the two conform to the ideas of satoshi?

Satoshi is not a god or our all mighty saviour, his words are not gospel, you need to think which project has more talent behind it and which project has better development strategy.

By the way BCH = China coin, it is very likely BCH is being supported by Chinese government, they are losing a shit load of money to keep the coin alive, government subsidies might be in play.

That's a pretty big allegation - any evidence for it?
3032  Economy / Trading Discussion / Re: Bitcoin price pump, altcoins dump? on: August 16, 2017, 10:54:19 AM
Why do altcoins price dumping. When bitcoin price pump. Is there any explanation about this?

People sell their altcoins to jump into the BTC bandwagon. Also since all altcoins trade against BTC and when BTC price is rising in FIAT, its normal for altcoins to lose value against BTC price, but is usually the same in FIAT price. FIAT is USD/EUR..

This is the correct answer.

Only a few people in altcoins are there because they really believe in the alt. Most are there as an alternative way to make bitcoin. When bitcoin rises, they cash in and convert to btc, in order to then convert to fiat.
3033  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Withdrawal problem ...Please help me on: August 16, 2017, 10:19:45 AM
Post your ticket number in the following forum:

https://www.reddit.com/r/PoloniexForum/

make sure to include /u/Mike-Poloniex in your post as that should send him a personal alert that someone has a problem.
3034  Economy / Speculation / Re: What happened on August 9? on: August 16, 2017, 09:58:18 AM
You don't understand.

The wallet owner isn't doing anything. He is just receiving coins.
I could send one satoshi to each of the top 100 addresses in terms of BTC and you could do the same.

The mentioned address is used as a target for spam not doing the spam.

Yes. And this is usually done by those mixing services to hide who the real recipient of coins is (send a few satoshi to random addresses and hope that anyone tracking will focus on the random addresses, especially if they already have large balances, rather than the real address which is amongst them).
3035  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple Confirms China Expansion Plans on: August 15, 2017, 08:20:41 PM
So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.

The question is, has Ripple actually achieved any of their plans? Does anyone actually use either their tech or their coin?
3036  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: What exchange platform do you use? on: August 15, 2017, 07:58:25 PM
My platforms of choice for trading are Bittrex and Cryptopia, especially the latter. Cryptopia gives traders access to micro market cap coins that are available no where else except Yobit, but I would prefer to stay with exchanges domiciled in the USA or former British colonies such as Canada or New Zealand. I feel the rule of law is more likely to be followed in these countries and there is less likelihood of skulduggery.

 

Well Cryptsy was in the United States but no-one got their coins back because the owner wiped the servers and then scarpered to a country without extradition.

Mintpal was in the UK, and while the admin who stole the coins, Ryan Kennedy, was successfully prosecuted and jailed, money hasn't been returned to users because he spent the lot.
3037  Bitcoin / Bitcoin Discussion / Re: Why Cryptocurrencies Will Never Be Safe Havens on: August 15, 2017, 07:51:25 PM
In the digital-age that we are living, Crypto-currencies are the most practical store of value as long as the internet exists. If we are at the point where the internet is no longer and the world is in total chaos, then what good is gold and silver anyway? People will be more worried about food and survival each day. Carrying gold and silver around will do you no good. You can argue that Food is a better store of value than Gold when SHTF.

Well apocalyptic situations aside, the main point of concern is that bitcoin might end up being worthless in the near to mid future.  What do you have to say to that?

There are too many uses for bitcoin (and other cryptocurrencies) for it to become worthless. The price might go down a bit, but it won't go worthless. It's here to stay.

The problem with apocalytic scenarios is people assume that the apocalyse will affect the whole planet. But even WW2 didn't really affect the Americas, which meant that both North and South America made a lot of money during the war. If there is a true apocalyse like an asteroid wiping out all life on earth, gold won't be any use either.
3038  Economy / Speculation / Re: Another Fun Poll for BTC vs BCC on: August 15, 2017, 04:43:30 PM
I'm holding both. Who is buying? most likely somebody a fuck of a lot richer than you, and he ain't in this to take a loss.

I am also holding both. I have been lurking the BitcoinCash community and there are rumors that the "unknown miner" is someone who was from the Hong Kong Agreement and that he plans to make BCC much more than it is right now.

Another name that was cited was John McAfee.

Lots of small-time supporters are holding and buying too. Check out https://www.reddit.com/r/btc/ which is where they all hang out. They are determined to make it a success.
3039  Economy / Speculation / Re: Bitcoin in a mood of correction? on: August 15, 2017, 04:17:32 PM
market correction should not fall below 15% from its ATH, hold on to your seat as we dive down below waiting for the crash. so price prediction for market correction will be 3500 USD it is still not bad

This. The correction is entirely normal. It went up too fast so there was bound to be some profit taking.
3040  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin "cash" - price speculation on: August 15, 2017, 03:16:17 PM
Well so far BCH has the third largest volume on Polo and remains resolutely on $300US.

Someone seems to like it....the miners perhaps?
We can't say the current price of bitcoincash is stable because its network is not stable till now and in which direction market will move is quite uncertain.
With huge bull run on bitcoin in this august, I don't think bitcoincash can hold that $300+ price for long time.

I am expecting a huge dump in few more days when bitcoin will cross $5k.

There was supposed to be a dump yesterday when Poloniex members got their coins, and it didn't happen. My guess is that deep pockets are buying to keep it steady at $300.

The network is pretty stable, blocks now being found every 14 minutes (up from every 20 minutes a few days ago):

https://bitinfocharts.com/comparison/bitcoin%20cash-confirmationtime.html
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