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Virtually all major exchange sites will suspend activities few hours before and after the August 1 implementation. While others will start early, others will wait till the market stabilizes. But my advice is that anyone who is eager to make jumbo profit in this event should be careful not to lose your coins to sites that promises to be active during this periods but not trustworthy as the former. For me, I would rather wait for worthy exchange sites and to gamble the hard earned coins.
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This is really a pathetic situation that is the hands of the British Police and needs to be very careful in handling because of the way its going to be polarized along religious lines but the issue is most of this is heartless behavior and I would also want the people involved be brought to justice to face the music of their useless actions not against the girl but serving as a threat to the existence of the society. But in their own individual capacity as citizens or migrants and not because of their religion or the country they come from.
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Bullying is really a fundamental thing that should be frown at and fought together by the friends of the victim and not that the friends will be the one perpetuating the such unacceptable acts in the case of OP and I cannot agree any less with others that have concluded that they are really not your friends and someone who has faced such scenerio before, I tell you, you can live without them just start maintaining your distance gradually from them and start building your self confidence and before you know it, you are totally free from them.
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Why has nobody created yet a cryptocurrency that will be used to feed the poor? Raising capital now seems more easy than ever. You have ICO after ICO, yet everyone is thinking about making money, but nobody is thinking about helping the needy and creating a chairity. I think some devs should just get together and create a cryptocurrency that will be used to feed the poor, as in: - Either direct money donation, based on ID (kind of hard to do since a lot of abuse could happen if people claim twice, so it must be made sure that people can only claim once)
- Some kind of food distribution system (I have seen this in many countries), where you work together with supermarkets, that have food which is not expired yet, but close to expiration, to be sent to nearby homeless shelters or needy families. Or a charity center setup in a town where free food is sent to feed the poor. (I think at least food and water should be free in the 21 century). So you can put all the available food on a blockchain, and poor people could claim it afterwards.
- Clothing,education, basically if anyone has some clothes or educational tools like books or notebooks that he doesnt need he can just put that up to the blockchain, and send it to a poor family.
Wake up guys, this is all possible in the 21 century with the wonderful technology of cryptocurrency. So I think people should do more chairity work too, and not just chase profits all day. The poor are the vulnerable set of people in the society but feeding them with crypto currency is what I really do not understand because, how does it work? But there is a way to it in which I think its already in place there should be some form of empowerment for the able poor ones as they can then come back and help the society rather than just feeding them and waiting for them to come for more without any form of empowerment. |
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People are always setting up goals for themselves and the more cash they have the higher the goals become. I'll give you an example from my own life. When I was a kid i always saved money for computer parts. I remember setting up small goals for myself, like a printer or a new keyboard, but when I started to earn real money and didn't have to rely on my parents, my computer goals quickly grew. My old desk suddenly became too small to fit my new computer and then my room was too small and I moved to a bigger flat, and that became too small, so I moved to a house, and now my yard feels too small, I'd like to have 2x that to fit a swimming pool  I agree with this that as human being, our needs are insatiable and we will always go for more depending on the different things happening to us and as we migrate to different stages of life. However, not all our needs can be met at once currently I wish to have a car, but I cannot afford it at the moment and being contended means to strive legitimately to meet those needs without having to cross the boundary of legitimacy all in the quest of using a car by all means. |
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If you really want a more entertaining discussion then you need to desist from using a technical jargon that is understandable to only some set of people as this forum is a conglomerate of several people from different fields and if you must use one, do well to provide an explanation to that effect because even me, I don't understand what you mean by "buds" which I know quite a lot of people might not know as well.
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At which time and timezone will the Bitcoin cash fork happen?
With all the news around, its obvious that its going to be on the 1st of August and even the title of the thread is a confirmation to that but you need to take time for everything to settle down before delving into it because there might be some level of disruption on the blockchain network as there have been several warnings regarding that even on the forum. |
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Hey guys,
Hearing so many things about the August 1 fork that i really don't know if i should keep or remove my BTC from Coinbase.
What you guys think? Its safe to keep them there?
Thanks.
Did you even bother to read the various threads on this forum regarding this in the last couple of days? Even this morning I got a mail from coinbase stating specifically the outcome of the August 1 fork and how they will only be supporting just one coin and the other thrown away. And they have given the time frame to withdraw which I feel any serious person should utilise and not come and shout scam days after when BCC is now increasing in value. |
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I think at this time, the US authority in charge of crypto currencies have come with a position and we all know where it aligned which is they won't allow bitcoin but they cannot stop it, so they come with policies to make it difficult for its penetration but at the same time doing it legitimately by hiding that the interest of the citizens is in their heart which is something I could bring out of the recent release by SEC.
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Is Capitalism flawed? I used to believe that Capitalism solves issues, but if I really look around me, it actually only creates more issues that were not here before.
> There are many rich people with tons of capital but there are more unemployed people that will not have access to that
> People are living in luxury mansions and driving very expensive car, and then kids are starving in other places
> Profits of companies is going up, but real wages going down, people are living paycheck to paycheck
> Everyone is in debt, nobody has any savings, and most people are working part time jobs
> Nobody has a house, nobody can afford one, yet real estate speculators own thousands of them
> Banks have trillions of $ of money, but they still charge you 50$ / transaction because of their greed
> People have no future prospects, no career opportunity, they just live from paycheck to paycheck trying to pay off the debt and buy some shit GMO food filled with poison, because why sell healthy food to the public when the GMO food is more profitable?
It looks to me like Capitalism is flawed. Nobody has any money and everyone is suffering. I think a universal income must be implemented as fast as possible.
No economic system is perfect but the issue is that of all, capitalism is what I see as most liberal one to face unlike other despite the challenges you have there which are equally true but at the same time its not all bad for capitalism in the sense that we have seen people who have come from the lowest part of the earth and made it to the top because of the liberalism that have come to stay and several people are still struggling everyday to make it to the top because they believe it is possible for them create value and by so lift their families out of poverty. |
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AMD said that revenue this year is comparable with last year's income. Due to the growing demand for graphics cards they have already earned more than $ 800 million. Shares of AMD have risen in price on 9%. This is a real achievement of bitcoin.
I actually read something about this weeks ago on how the graphics card is becoming more scarce in Russia and it was linked to crypto mining and whatever happens to crypto, bitcoin is involved which I feel its also a success story for bitcoin and also a message that instead if using your resources to play video games you also use same to make some money on the side. AMD might not admit openly but I am sure they will adopt improvements to make their products more efficient to meet the needs of the crypto world. |
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I've read a lot of articles about people claiming bitcoin will be worth millions in the future, for example John mcAfee recently said bitcoin will be 500K in 3 years.
Now, imagine if this was true, and it was in fact 500K/BTC. The total market cap would then be 10.500.000.000.000, or about 10 trillion dollars. This is an unbelievable and unachievable amount of money. Even if we ignore the market caps, imagine how many people would become rich? Millions would become millionairs, hundreds would become billionaires, all in a matter of 3 years. This would cripple the global economy as we know it.
My best guess is that, in 10 years, bitcoin might be around it's absolute peak of 30K, giving it a total market cap of about 630.000.000.000$, or 630 billion. The total market cap of cryptos would then be around 2 trillion if the some of the better alts gain more traction. I believe this is fairly realistic. This means BTC would have to rise with around 7 - 8$ a day.
Edited
If you are basing this on what McAfee said, then I would say you actually dignify him by creating a thread in his honour and based on your calculation I see it largely impossible for 500k to be achieved in 3 years maybe in the future when the whole countries in the world is being represented like we have in forex, but not in 2020 at all. However, the 30k is possible but at the same time not without its own challenges which I don't see not coming on a regular basis to swing the price backwards. |
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First, I am a rookie at understanding this, and I am trying to understand, so please be gentle...
So Coinbase has made a public statement they will not support BCC.
So won't a hardfork, (since one fork will win and one will wither and die,) make all Bitcoin held by that exchange (Coinbase, CB) worthless in the end if BCC "wins"? What are they thinking? Do they want to go out of business?
They explain that the hardfork has its security concerns, 51% attack, whatever, fine I get that, but if BCC becomes the new main fork, CB would have to be betting on some catastrophic failure of BCC in order to justify this position. That seems a high risk position to me,,, unless this is just posturing for some reason and they do end up supporting BCC at the last minute (assuming they have to act in supporting the new software before they are locked out on Aug 1)
So am I correct that as for Coinbase present position it is "BTC or die"??
One thing I am sure of is that before Coinbase would have come out to take a position they would have thought it through even beyond what we are discussing here. I think what they are trying to do is not to preempt what is yet to happen since no one can say authoritatively that the hardfork will happen and when it does, no one can say which one will survives just on speculation. Finally, if BCC eventually be the surviving one, decisions can be changed without too much difficulty just that the circumstances of the earlier decision has changed as well. |
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For me, I won't take Goldman Sachs serious because they are sure to always come with every prediction at any point in time and most times when ever there is downward trend to the price. Anyone who wants to invest in bitcoin should do so based on his own individual capacity without relying on any prediction and definitely not from Goldman who predicts without taking into consideration the current challenges and climbing out of same.
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With blockchain split or not, I am sure the new block structure allowing for more transactions will cause fees to drop, which would be great news, because they have been too high for too long imo.
But in case that happens, you think it will last for long? Will we be able to enjoy small fees like we used to in the good old days for a long period of time?
That's what is expected to happen because what led to this partially was the high transaction fees that people started paying but currently the transaction fees has dropped significantly compared to the time when the noise was the loudest and hopefully the price will drop further when full transaction loads resumes otherwise all this exercise would have been futile. |
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Yes, it may sounds like it.
But as I said I will escrow the funds at every 10 LTC. I will also send the BTC cash from the very first day will be available.
For one day I will use this topic just for suggestions.
There is no way this will fly because to create a crowd funding, bro this is not the way to go about it couple with you saying you will escrow every 10ltc, so you mean someone cannot scam for less than that? Since you have enough btc according to OP, I would suggest you use that for your project because this will not in anyway fly. |
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Price is recovering nicely now that it seems clear that segwit is going in and the hardforks are getting rejected. As long as we continue this path and nothing changes, the price should keep going higher with no stopping. How many years until we hit an ATH? Last time it was $2980 on Bitstamp, $2889.5 Bitfinex $3003 , it would be cool to get past $3000 on all of the exchanges this time.
I would add that the time to pass that mark is not yet now as even the price has not witnessed some level of stability to grow beyond that mark as even now, it has gone back to the $2400+ in which could be caused by several factors but hopefully when things settle the more, we get to pass that bench mark. Its possible in due time though. |
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BTC-e down for over 24 hours. One of the owners went by Alexander. Possibly related, 1h ago: Greece detains Russian Alexander Vinnik for bitcoin 'fraud'ATHENS, July 26 (Reuters) - A Russian arrested in Greece on suspicion of running a money laundering operation through a bitcoin platform is 38 year old Alexander Vinnik, police sources said on Wednesday. Greek police earlier said the suspect, who was picked up on a U.S. warrant, was thought to have used bitcoin to launder 'at least' $4 billion earned through illicit activities. If this arrest is really related to BTC-e heist then I would say its good signal to the entire market that the anonymity is not enough to keep the hands of law from reaching you and also a signal to others who might be thinking in that direction to use this suspending of btc on sites as an opportunity to bolt with lots of fund, the eyes of the law is equally watching you. Coindash did its own, btc-e did its own who knows who is coming next?. |
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I'm not surprised, it's normal, where there's speculation there's always winners and losers so always pay attention what the risks are and what you could potentially lose.
The recent dump could be due to the factor that BCC is gaining some momentum, so some people are panic. It seems you are not reading what others are saying here. The reason you gave is what the whales wants you to believe or what you gave yourself because I can't see the relationship between the two just like saying because ETH is rising then BTC should fall?. Its purely marker manipulation and beyond that, nothing else the market will kick start itself all over again. |
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Now that Bitcoin Cash has hit some of the exchanges already we can see how much demand there is for Bitcoin Cash. The value shot up to $400 dollar already! It will be a matter of weeks before it's on par with the crashing Bitcoin.
And you believe this to happen? Even the BCC that is being traded, where do they get it from since the fork is yet to happen? They get to keep it on the exchange sites, what if the fork did eventually not happen or it happened and the splits into 2 but the adopted one in addition to the real bitcoin is not BCC what do you think will happen then. I dont have anything against bitcoin and we will come to adopt it if its the potent offshoot of bitcoin but not before the split before I move in a particular direction. |
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