A prime example. If you don't think the above statement you just made to me comes off as condescending, you are completely oblivious.
I said pay attention, not don't pay attention more! Such an opening statement inspires me to be rather obstinate, and made it quite difficult to digest any of the information that followed. Rather than using a spoonful of sugar to make the medicine go down, you used a spoonful of coffee grounds. Sure, the coffee grounds may help me be more alert, but not if I can't choke it down. Don't even bother responding to me. I have you on ignore, for now. |
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But the arrogant attitude conveyed is rather noisome.
No its not, ur just not paying attention enough! A prime example. If you don't think the above statement you just made to me comes off as condescending, you are completely oblivious. |
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What??
I said you have an opinion and you are assertive about it, but you don't understand how central banking works or economics in general. God you remind me of some teachers/professors that I had. That ignore button is starting to look really tempting. I must admit, the content of your posts are actually quite good. But the arrogant attitude conveyed is rather noisome. |
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That might works but due to the dumping, this will dramatically decrease price of BCC?
If your intention is to try and dump at an optimal price, just transfer your BTC to ViaBTC.com and dump now. If you don't want to keep your coins on an exchange, due to security concerns, (what just happened to BCE-e customers is a prime example. Though there is a long history of people losing their coins from keeping them on an exchange) then you are probably not going to get an optimal price. It's up to you what you want to do. You can transfer all, some or none of your of your BTC to VIABTC now. (If it is possible. I heard it may be difficult for people to get verified on ViaBTC in a timely manner.) Many Thanks! but people losing their coins on exchange for keeping them on the exchange for a long time right. Many exchanges have closed in the past due to hacking problems. But if you just want to trade, then move your coins to wallet then it should be allright? Yes, when you move your coins to an exchange, you take that risk. It's up to you if you will feel the small risk is worth the potential reward. In my case, I am keeping 750K sats on Yobot. It is worth the risk to me to keep it on the exchange rather then withdrawing to my Trezor and only having 600K sats after the withdrawal fee Yobit charges. |
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Are people actually getting 4-5% daily interest on lending BTC in polo??
Anyone try it? Is there a big risk of losing BTC?
The lowest loan offer right now is 3.1%. The risks to loaning on POLO are listed below. a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back. b) Polo's program has an error and you do not get your funds back, c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order. d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized. |
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That might works but due to the dumping, this will dramatically decrease price of BCC?
If your intention is to try and dump at an optimal price, just transfer your BTC to ViaBTC.com and dump now. If you don't want to keep your coins on an exchange, due to security concerns, (what just happened to BCE-e customers is a prime example. Though there is a long history of people losing their coins from keeping them on an exchange) then you are probably not going to get an optimal price. It's up to you what you want to do. You can transfer all, some or none of your of your BTC to VIABTC now. (If it is possible. I heard it may be difficult for people to get verified on ViaBTC in a timely manner.) |
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hi,
i have an detailled question
ok my BTC are in a private key
so after the 1st august ok i will take my private key to my Jaxx wallet but the problem jaxx and btc.com and others compatible wallet telling ok will receive same coins equivalent ''BUT YOU WILL CANNOT EXCHANGE THEM UNTIL A CERTAIN PERIOD OF TIME (FEW DAYS) thats the problem because many people think they will have acces instanatly after the fork.. so it will take a couple of days to use them
and between these days somme people who left BTC in exchange they will can sold it for the good price just after the fork but people who have a private key they cannot because the wallet who are accepting the BCC or BCH tell you have to wait some days before you can use them to use in a market
si i m confused in this situation
if i wait couple days , the price will drop because who have BTC in exchange will sold it directly for a good price and fes days after its too late price will drop
thanks to help me :0
The solution to your dilemma is rather simple: find an exchange that will support bitcoin cash, send some of your bitcoin holdings (as much as you want to use for trading) to that exchange and after the fork you will be able to buy and sell both coins. The rest of the holdings you will keep in your private wallet for later and you will be able to hold or exchange those in the coming weeks. I have 750K sats of BTC on Yobit. I guess that I'll use that. I haven't moved my BTC from Yobit since the withdrawal fee is still 150K sats. Definitely not worth it to me to get charged a 20% fee, for the added security of having in my Trezor. |
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Sorry to resurrect a dead thread, but in light of what just happened with BTC-e, Bitmain was probably prudent to disable the deposits for US customers. From the statement the court put out on this, the US intends to go after anyone doing business with US citizens, who are not properly licensed. Bitmain is probably not being diligent enough. US customers can still deposit via the iphone app. US customers can still participate in the markets. US customers can still use a VPN with a non-US ip to make a deposit. Bitmain's KYC and AML policies are extremely weak, as well... Good news for Bitmain, is that I do not see the Chinese government being overly cooperative with the US for extradition and forfeiture. (Could be wrong about this though.)
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I have withdrawn half my coins from polo, but since verification tier 2 takes forever, I couldn't take everything before the fork.
I figured I will stop lending and sit on the BTC to get the BCC, but seeing the high rates I couldn't resist. I might be wrong and be a loser in the end, still with half my coins on cold storage I won't lose everything. If BCC somehow replaces BTC I will probably get out of crypto anyway.
I have verification on tier level 3, which was probably stupid on my part, since my minnow ass has never needed to withdraw more than 2000 USD worth in one day.  However, none of my withdrawals have been delayed. |
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hi,
i have an detailled question
ok my BTC are in a private key
so after the 1st august ok i will take my private key to my Jaxx wallet but the problem jaxx and btc.com and others compatible wallet telling ok will receive same coins equivalent ''BUT YOU WILL CANNOT EXCHANGE THEM UNTIL A CERTAIN PERIOD OF TIME (FEW DAYS) thats the problem because many people think they will have acces instanatly after the fork.. so it will take a couple of days to use them
and between these days somme people who left BTC in exchange they will can sold it for the good price just after the fork but people who have a private key they cannot because the wallet who are accepting the BCC or BCH tell you have to wait some days before you can use them to use in a market
si i m confused in this situation
if i wait couple days , the price will drop because who have BTC in exchange will sold it directly for a good price and fes days after its too late price will drop
thanks to help me :0
If you want them sooner, you will have figure out how to import your private keys from your Jaxx wallet to a BCC compatible wallet. I'm not familiar with Jaxx, so I do not know how complicated this would be. Jaxx is just telling you that they need a few more days to come up with a solution, where you don't have to go through the steps to convert to a different platform. I'm in the same boat with my Trezor wallet. They state they will come up with a solution to safely redeem my BCC. However, they have not announced when the firmware will be available. |
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now big question remains, who will buy BCC
the people who made it. then they'll pump the crap out of it and everyone else will fomo in. anyone dumping immediately is playing right into their hands. Would anyone buy BCC if it crashes >50% after it opens? Speculators/traders probably will and bank real nice. The big question is What will the opening price be? Is it gonna track BCC Futures, currently at $347? The markets may be relatively isolated while the difficulty adjusts downward for BCC. It will be a little more difficult to arb. You may see wide differences in price from market to market. |
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I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.
5% being the max allowed.
Feeling a bit Jewish right now...
You don't need to be Jewish to take advantage of a situation and profit. I withdrew all of my BTC from Polo a couple of weeks ago, due to concerns being raised daily about their support/withdrawal issues and the recommendations of several trusted sources to move your coins to your control by August 1, just in case things go wrong. Also, I can now use my coins to claim free Byteball and BCC. Just know, that POLO's policy will be to give free BCC to the person who took the loan and not the lender. May be why some people are willing to pay such outrageous rates to go long on bullshit. Guess they may think they have a hedge, now. |
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do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk
Im waiting until after the fork and then transferring all my cold storage coins to another offline address then import the old priv key to transfer the BCC to an exchange then destroy the old address like it never existed. What do you mean by destroying the old address? Once the address and the transactions are is created in blockchain, it exists there for ever. What does it accomplish in anyway? Only thing this accomplishes is to make sure some fat fingers do not accidentally use the address again. Satoshi recommended that you should never destroy a private key. Never know if someone might send you a gift. |
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do you guy think the value will remain as it is now for bcc, or will be dumped fast? i'm wondering if it's worth to take out the cold storage to claim all the bcc as a possible, or maybe not, always free money but if the value tank to 0.01 it's not worth the risk
By the time you take the steps to redeem your BCC and send them to an exchange, the people who already moved their BTC to an exchange that redeems for them and offers a market, will have already dumped. I'm not quite sure how fast the new difficulty programing will adjust the difficulty downward, so transferring the coins and making the required confirmation may take some time, in the beginning. You may want to wait until the market finally finds a relatively stable price and the network finds a good difficulty, to see if it is worth your time. AFAIK, there is no expiration date to redeem your BCC. |
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Alts have suddenly reversed their trend before August 1 split. Should I still keep holding on to my BTC or go out all on ALTS?
Your in the Bitcoin Cash thread for a reason, free coins In the next few months you will have to decide what side of the fence you will be on, you can't ride the wire lol You could continue to "ride the wire" by keeping your BTC and BCH holding equal. Also: BTC holders that choose to ignore BCH will essentially be ultimate BCH hodlers. Ignore on August 1st is the best route for me. Especially since I refuse to transfer my BTC to an exchange that will redeem my BCC and let me trade. By the time I redeem my BCC myself and transfer to an exchange, I would already be beaten to the punch of dumping by those who decided to go ahead and have the BCC ready. Might as well be leisurely. I have nothing to lose If I chose to ignore for now. I can claim my BCC anytime in the future if I want to. |
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OK, let's go for something within my lifetime. In August 1971, gold was $35.00 per ounce. Adjusted for inflation that would be about $211.00 in today's dollars. Now if I compare the price of gold to what it was in May of 1980, then it sucks. Overall, in the long haul, it's most probably going to keep up with inflation.
Not necessarily so at all. You've basically said it worked like this in the past and so it will work like this going forward. But of course we didn't have bitcoin. But more importantly you probably don't know that the relationship is really about the cost of production which effectively related to its deepness. As we grow our technology gold won't necessarily be scarce and this will happen in our lifetimes. This is why szabos article about mining the vast deep were written and relevant (as well as comet mining). There is nothing to suggest gold will continue to be a superior or safe store of wealth. Since when does scarcity make something good money or a store of wealth?  Furthermore, with PMs I have thousands of years of data to rely upon, whereas with Bitcoin, I only have a small sample of 8 years to rely upon. Which statistical sample do you think is more sound? Sure, it's quite possible that Bitcoin may be the next wave of innovation in money, just like fiat was 500 years ago. It could also be the next AOL or MySpace. At 49, I am certainly not going to invest my whole life savings in this. Especially in this realm where I can lose a substantial amount by just transferring some BTC to the wrong exchange at the wrong time (ie BTC-e, Cryptsy, MT Gox, Bitfinex etc etc etc etc etc) or someone, somehow managing to breach my security and steal my bitcoins. (a 5.00 wrench should be enough for that.) |
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Whatever For me, if I want to be safe, I go for precious metals. Since the neolithic, it's held its value fairly well. A person 10,000 years ago can get about the same amount of goods and services as they can today. Yes, its value fluctuates in the short term, but in the long term, it will probably be one of the safest investments that I can possibly make. (And a little boring to be quite frank.) If I want to go for risky, with high volatility and excitement, I go for Bitcoin/cryptocurrency. I've had almost 3 years worth of entertainment and have even seen my small "investment" increase 10 fold. This has been way more enjoyable, affordable and educational for me than my years of trying to perfect my card counting "system." Wish this was around in the 90's and early 2000s. Enjoy life. It never has to be boring. Did you look at the price of gold before you made this statement? Its declining rapidly. And its value 10k years from now is not relevant to you. Your post denies observable reality. gold is not safe, its losing value at a dramatic pace. OK, let's go for something within my lifetime. In August 1971, gold was $35.00 per ounce. Adjusted for inflation that would be about $211.00 in today's dollars. Now if I compare the price of gold to what it was in May of 1980 or August 2011, then it sucks. Overall, in the long haul, it's most probably going to keep up with inflation. In fact, if you look at a 30 year chart, adjusted for inflation, it's fared quite well. http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart |
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Whatever For me, if I want to be safe, I go for precious metals. Since the neolithic, it's held its value fairly well. A person 10,000 years ago can get about the same amount of goods and services as they can today. Yes, its value fluctuates in the short term, but in the long term, it will probably be one of the safest investments that I can possibly make. (And a little boring to be quite frank.) If I want to go for risky, with high volatility and excitement, I go for Bitcoin/cryptocurrency. I've had almost 3 years worth of entertainment and have even seen my small "investment" increase 10 fold. This has been way more enjoyable, affordable and educational for me than my years of trying to perfect my card counting "system." Wish this was around in the 90's and early 2000s. Enjoy life. It never has to be boring. |
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i am sure it will be huge dump of bitcoin cash
For sure, what I'm not sure about though is if it will survive and make a come back long term. Obviously it will never come close to bitcoin but it could end up being a good altcoin after the dump is complete. I'm sure the big supporters of this coin, who will be catching all the dumps, will use their control of the supply to their advantage. Since the same supporters also control a large amount of BTC, I'm sure they will be able to manipulate the markets to reflect whatever agenda they desire. It is probably better to just hold off dumping so you don't hand over the coins and the power to a few individuals. There is another possibility. Two dogs fight over a bone and a third runs away with it. If the BTC/BCC do too much in-fighting, another like Eth/Waves/Stratis/Neo or one of a few others alts could step in. I dont think anyone in both camps would want that. That's why I think it is silly that many are dumping their alts to get BTC so they can get free BCC. I recommend anyone who has faith in their alt to pick up cheap bargains right now. Edit:Just checked the Polo markets. Looks like the smart ones already are doing just that. |
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i am sure it will be huge dump of bitcoin cash
For sure, what I'm not sure about though is if it will survive and make a come back long term. Obviously it will never come close to bitcoin but it could end up being a good altcoin after the dump is complete. I'm sure the big supporters of this coin, who will be catching all the dumps, will use their control of the supply to their advantage. Since the same supporters also control a large amount of BTC, I'm sure they will be able to manipulate the markets to reflect whatever agenda they desire. It is probably better to just hold off dumping rather then handing over the coins and the power to a few individuals. |
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