It looks like customers had a case after all. https://news.bitcoin.com/coinbase-bitcoin-cash-withdrawals-january-2018/Bitcoin exchange Coinbase has reversed its decision to support bitcoin cash. The company now plans to allow customers to withdraw their new cryptocurrency by January 1, 2018. Also read: Coinbase Customers Could Instigate Class Action Lawsuit Over Bitcoin Cash Coinbase on Thursday announced a change of plans regarding its support for bitcoin cash (BCC, BCH), the new cryptocurrency resulting from the August 1 hard fork. The exchange wrote: We are planning to have support for bitcoin cash by January 1, 2018, assuming no additional risks emerge during that time. Once supported, customers will be able to withdraw bitcoin cash. Coinbase Plans to Allow Bitcoin Cash Withdrawals in January 2018Meanwhile, the company claims that both bitcoin and BCC are safely stored and customers with bitcoin balances at the time of the fork “now have an equal quantity of bitcoin cash stored by Coinbase.” Its exchange GDAX also made a similar announcement. Previously, Coinbase said that it would not support bitcoin cash. “We have no plans to support the Bitcoin Cash fork,” the exchange wrote on July 27, citing the difficulty in predicting BCC’s future market value. “Customers will not have access to, or be able to withdraw, bitcoin cash (BCC).” Coinbase Plans to Allow Bitcoin Cash Withdrawals in January 2018However, after the fork, Coinbase came under fire for its decision as users demanded access to their new cryptocurrency. “Give us our BCC!!!,” wrote a Twitter user. While Coinbase advised customers to transfer funds away from the exchange to access BCC, one user tweeted, “transfer of funds were halted… I guess if Coinbase doesn’t hand them out to their rightful owners, lawsuits might happen quick.” Recently, news.Bitcoin.com reported that Coinbase customers could instigate a class action lawsuit over the company’s decision to not distribute the new cryptocurrency. With today’s announcement, Coinbase detailed that its decision to support BCC is based on various factors such as network security, customer demand, trading volumes and regulatory considerations. However, some users are unhappy with the long wait. “January 2018 is too long,” one tweeted. “I smell a class action law suit headed your way. You are basically holding client funds hostage,” was a comment in response to the company’s blog post. I read this earlier and must say that aside from the fact that it is going to take so long, at which point Bitcoin Cash will be worthless... I think this is a smart and honest business move from Coinbase. I have some Bitcoin on LocalBitcoins, which claims to use Bitcoin core which does not support BCH. Whether it is true or not, it is not cool losing out on such an opportunity for free money. |
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Dayyyyyyuam
This is an AMAZING idea. Something we have needed for a long time in Bitcoin. After all, what is a currency if you can't work for it?
I know there is another freelancing site out there which pays in Bitcoin, but this domain name is the best!
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It is difficult to entertain the idea of combining gold with blockchain without a thorough understanding of each. Government needs to assume responsibility for protecting and insuring our money considering how critical it is to the health of the country. A gold blockchain system will give great faith in the health and security of our economic engine....read more: http://cryptoinvesting.net/gold-blockchain/ I could write a lot more but, poor attention spans:) ask questions, let's talk about this! The gold blockcain is already there: It's called Bitcoin. If you want gold in a blockchain, you can't have the gold be a physical object, because that defeats the purpose of a blockchain. It could never be as good as a digital token, and there's no need for another blockchain but bitcoin for the gold feature. No other coin can aim to be the crypto store of value. That's bitcoin and no other coin can take that away from it. Bitcoin = Virtual Gold Creating a "gold blockchain" makes no sense. Bitcoin serves the purpose of being the virtual/intangible form of gold that we have been calling it for years now. I remember when people used to call Litecoin the "silver" cryptocurrency... I suppose it still applies given the difference in their prices is very similar to the physical substances. |
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I think we shouldn't even worry about Aug 1 anymore?
August 1 is already done and successful if you are still worry about your bitcoin then you should sell your bitcoin but for me if you are in a good mode then you should learn on how you can earn more bitcoin from trading and other activities like you are doing it in a good way don't think about gambling it self it won't help us. The price prediction will be happen in the right time. Same here, except I am kicking myself for not looking more into Bitcoin Cash given that it seems to have been free money. I was confused about it all, but in hindsight it was an amazing opportunity that I am sure thousands of Bitcoin users missed. |
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i dont understand why btc-e was running on a .com domain and not .ru , and on a second note, how the heck they made arrests in other country ?
It was run on a .ru domain years ago, and I believe the exchange was based in Russia at that time. It was banned by the Russian government, and supposedly the exchange moved operations to Bulgaria and/or Cyprus. The .com domain was eventually also banned by Russia, so they mostly use the .nz domain. That domain has yet to be seized. I didn't verify for myself, but I saw someone post earlier that btc-e.top was showing a mirror of the old site. They said the domain was registered to the same company as btc-e.nz .... VERY interesting if so. Apparently btc-e.top was also redirecting to Exmo (a Russian exchange with alleged ties to BTC-e). I wish I could find that thread now.... This whole thing is one big joke. Steal everyone's money because one person tried to run a big scam. Why not give everyone a chance to withdraw and THEN proceed with legal stuff? You can't just take billions of dollars from people because of one guy. |
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Didn't see an introduction section here.
Bought some bitcoin at an ATM a few days ago. Currently keeping it in breadwallet. I have also signed up for bitstamp so maybe I can purchase alt coins online now.
There is so much to learn, and I'm not really sure where to start. I'm seeing Ripple, Waves, Ethereum, ICO's, etc. Is there anywhere a newb can go to learn about all of these currencies? Videos? (reading sucks lol)
Any good places to watch prices? I'd like to buy at least $200 of coins per month.
I'm in this to invest over a long period of time. A friend at work turned me on to all of this. He is using Exodus on his pc for a wallet. I used breadwallet because working from my iPhone is easier sometimes.
Anyways, glad to be here and to join this awesome community!
You are on the right track. Buying and holding is hands down the best safe way to make big profit with Bitcoin/crypto. As for your other questions, I will do my best to give a brief, simple explanation for you. All of the brands you mentioned offer a different "spin" on Bitcoin technology. They have their own unique features, but none of them are as popular as Bitcoin. ICOs are not currencies. ICO stands for "Initial Coin Offering" which means a company is selling their own cryptocoin. Sometimes you can make good money buying ICOs and other times they are complete scams. As you are abeginner, I would not recommend it. By the way, ICOs are generally hosted on the Ethereum network. What is it? Ethereum is made by Microsoft. They are highly reputable and their platform allows anyone to make their own "token", similar to a cryptocurrency. You can sell this token to provide a service, which is what ICOs are for. Going forward, I would not suggest buying BTC from ATMs. They have higher fees. You can get it from Coinbase or exchanges for cheaper, or purse.io. Finally, in the past week there has been tons of drama which I will not get into. Long story short - the US gov. is cracking down on crypto now, so be very weary where you deposit your Bitcoins... make sure only you control your private keys. |
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Yes. Decentralization means freedom. Bitcoin enjoys the total freedom it gets. More and more people has learned to appreciate its full benefits too. Take this as an example. The Initial Coin Offering (ICO) encourages the use of a cryptocurrency. Everex - have you heard it? If not, full details here: goo.gl/E2NDF2 - makes use of both bitcoin and ethereum. Both are popular cryptocurrency. Both are decentralized. Therefore, their start-up transactions run smoothly. It's secured and fast considering the use of a smart contract. Decentralization being the basis of Bitcoin is extremely important, however I think in the future will be many "banks" where one can store the coins to keep them safe, just like banks hold cash now. Anyone could keep cash in their house, right? Why do we need banks? I think cryptocurrencies will be similar. People will keep them in banks and take them out when they need. |
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Could it be possible to upload human emotions (like increased heart rate , laughter , sadness) into a blockchain? If its possible could it perhaps be used to help artificial intelligence understand human emotion and maybe gain insight into us... and not kill us?
Just a thought. Would like ur input to see if its plausible.
Some high profile scientists today believe that emotions will indeed be able to be uploaded in the near future! Probably not in 20 years, or even 50. But possibly in 100. One thing I know is it usually isn't a good idea to claim something could "never happen". Think of how many times you have heard someone claim something to be impossible, and then it happened in your lifetime. The first thing that comes to my mind is when AI beat the top Human at GO, which many people thought a computer would never be able to do and others thought it would take at least 10 years. |
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Robbery and fraud will be only after these coins will be sold. I think their implementation will be a big problem. Such a panic in the market could not attract the cheaters, but their victims, the people become voluntary. They're not robbers. The more of these scams the more loyal bitcoin people.
OP does have a point, though. Bitcoin Cash technically belongs to the Bitcoin owners - NOT Coinbase. I hope Coinbase does the right thing and at least gives 80% of BCH to the rightful owners. |
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I have for 1 week hesitated to get into the Crypto market because I'm very new to Crypto investing and I don't want to make misstakes (which paradoxically is how you learn to invest). I have money loaded up on the exchange market and it's waiting there for me to buy something with it. My plan is to put 50% in BTC and 50% in alt coins, but I'm afraid to miss a Bear market. I'm NOT a trader, I'm in for the long run so maybe I should worry to much about timing the market?
Can any of you people here give me some solid advice?
A bear market is when the price of Bitcoin is on the decline. This is when you should BUY, as weak hands are selling. A bull market is when the market is on the rise. This is when you should SELL, as poor traders are buying. |
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As far as I know ,the latest one is QTUM, the ICO price is about $0.33, and when it was listed on YUNBI.com, the price is more than $5, after a few weeks, the price pump to $20, so this altcoin get more then 50x profit.
Right now QTUM is $6.26 so it has gone down, but it is still amazing that people made so much money already from that ICO. It must feel nice to invest $10 for 30 Qtums and sell for $600 months later. lol |
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Have you ever thought about quitting this completely? My friend just bought some Monero and BTC and he said NO! Screw the altcoin guys! I'll work and relax and check back yearly. Cool dude. Needless to say he made more than 90% of daily traders in the year
Altcoins are here to stay. I will not be quitting "the altcoin world" anytime soon.  |
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It seems from the look of things, all exchanges are not ready to support Bitcoin Cash in any way.
Most of the exchanges I makes use of for now, except bittrex has sent me an email stating they will not in anyway be supporting bitcoin cash and have asked users who wish to make use of bitcoin cash to please withdraw their cash before the fork day.
So my question is, does this mean bitcoin cash is dead on arrival? Does this spell doom for the forked currency already? From your point of view, do you think there may be a chance in the future for bitcoin cash?
Even if it survives the few first days after the fork, will you be converting your BCC to BTC immediately or will you leave it hoping the value will eventually be worth the keep?
I know Localbitcoins is supporting Bitcoin Cash, but can almost guarantee you that it will be "dead on arrival". Seriously... who or where have you seen anyone supporting it? I have not seen a single instance where someone was excited about Bitcoin Cash... and given that price falls when there is little demand, count on Bitcoin Cash to become worthless. |
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The answer to this is quite simple. The larger a market is, the less volatile.
Why? Because there is more money invested overall, which reduces the ability of any one individual from affecting it a lot.
For example, even a multimillionaire can have zero effect on the NASDAQ or other stock markets, but a multimillionaire can have a HUGE effect on crypto markets - especially altcoins.
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I do not believe banks will disappear, actually. If anything what will happen is banks as we know them today will become "Bitcoin banks", where individuals can store their Bitcoins to keep them safe from getting stolen/hacked.
In fact, there are already Bitcoin banks in existence. I just read about one opening in Israel.
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Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?
I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?
- You should give your keys to someone you know and trust.
- Write your keys in a laminated piece of paper. Put this paper in a bank and give it to your loved ones in your will, including instructions so they will use the private keys to get the Bitcoin.
- Give to charity. Maybe they will be worth a fortune... up to $1,000,000 for one Bitcoin. You can give a Bitcoin to charity to help out the less fortunate even after you are long gone.
Hope you like these ideas.  |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
I can't believe how many replies this thread has. Over 100 pages for such an obscure, odd question. lol With that said, I certainly do not save Bitcoin for "fun". I save it for future purposes in hopes it will be worth a lot more someday and my investment will pay off. |
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Bitcoin is difficult to explain. I also felt difficulties in understanding bitcoin for the firs time. Let's share how to explain bitcoin to children of teenagers. In My country I can say 98% children don't know bitcoin. In fact, bitcoin can be future money. If the children not familiar with cryptocurrency or bitcoin, how can they face the digital era in the future.
My recommendation is do not mention anything complicated like the technology, etc. Use simple, easy-to-understand words and basically explain that is is just a type of money that you use on the internet. It can be used in real life as well and in 5-10 years many people will be using it and accepting it in retail shops. You should teach them how to download a wallet app and buy Bitcoins off of LocalBitcoins. |
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In my opinion all altcoins are a bubble created to make easy money off greedy people. While some of them offer some good things on paper(like contracts in Eth), the main purpose is to pump and dump. This crypto business is still in its infancy and so many things are going to change and so many people are going get crashed during this process.
Not all altcoins, what is the basis of your statement, check on the top 5 markets of altcoins especially the Ethereum who were able to compete with bitcoins in terms of marketcap. Ethereum is the most traded altcoins in the market nowadays and some experts believe it will overtake bitcoin in the future in terms of profitability. Read my reply again, I said "some of them offer some good things on paper(like contracts in Eth)" but again this does not change the fact that everybody wants to jump on the wagon created by Bitcoin. Pretty much every alt coin promises something that Bitcoin doesn't have. That's their selling point after all. The thing is though do we really need those things they promise? I'm not against Eth btw, I'm following it closely. I also don't think marketcap is a good metric for coin strength. I wonder if a coin will come along that offers everything all of the altcoins do, and more. Think about early social media such as MySpace. Clearly it was missing something or it would still be around... and now we have Facebook. Eventually a coin might appear with far more features and ease-of-use then BTC and everyone will jump ship just like Facebook. |
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