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541  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2017, 11:07:19 AM
Hey guys  Huh
Is it save now to keep BTC on blockchain info
and what happens with it after fork  Huh



Just make sure you have your keys. Blockchain.info lets you access them. Do it and keep them somewhere safe Smiley
542  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2017, 11:06:41 AM
Maybe a large short position was taken out around $950 in anticipation of sales that then got unexpectedly bought up by a raging bull market? Now a very large Chinese miner and fabricator is actually under water to the extent that they are very desperate for a much lower price for its business survival? Such a desperate actor will do anything, including threatening to fork bitcoin or otherwise nuclear options, since it is going bankrupt anyway.

Mind blown. Do you think this theory holds water? What signs would point to miners taking out big shorts?

The Chinese exchanges always had an enormous amount of leveraged trades, which the miners potentially could have been a big part of. But wasn't leveraged trading stopped as part of PBoC sanctions? And it doesn't look like those trades moved to Finex, they mostly disappeared. Or do you think that they still do it, but under the table?

It seems highly likely that one or more Chinese exchange is under water, for one reason or another, and has been running a fractional reserve for a while. What they do about it, who knows? I don't think the conspiracy theory stacks up and there is, of course, the chance of it going the wrong way on them again Smiley
543  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2017, 11:01:36 AM
I have this crazy perspective about the Core vs. Unlimited BTC. The miners saying that their BTU will be the winner is a lot of wishfull thinking IMO. Just because they process the blocks they now somehow own the system??? They're hired help. That's why they get paid to do their job.

If we get the fork with two competing currencies, which one will be the winner? The market will decide, sure. Specifically the buyers. People giving their $$$ in exchange for BTC, not the miners. They really should take a step back and figure out they're not the bosses and they can get fired if they go too far...


from what I understand..with 100 btc (say you own) you get BOTH..BTC and BTU of 100 coins....thus if you just hold and one becomes worth nothing..you still have the same $$$ vs BTC winner that you had before...the price may tank but the amount of BTC you have will be the same...this of course if you did nothing....

(or do I have this wrong?)

Yeah, that's right. You own 100 BTC in both chains. So it doesn't matter to you which one is worth more $$$ or even if one of them dies. You just have to wait patiently until the smoke clears...

Miners however can only mine on one chain. So they have to choose the winning side.

Eh. In theory, I think. But the problem is that in theory, theory and practice are the same. In practice they're not.
It makes sense that current value would be perfectly split between the two chains, but I doubt it will pan out exactly like that. One (I wouldn't dare to speculate which) might essentially be treated as an altcoin, with lower volumes and liquidity, which could be manipulated, pumped, whatever. Where there is money, hashrate will inevitably follow. Both chains will persist for a long time, even if one has 1% the market cap of the other. My guess is that total value with oscillate around pre-fork value, with some pretty wild swings.
The rational thing to do is ensure you have all your own keys, sit patiently and wait it all out until the winner becomes clear, then access the BTC on that chain as normal. Unfortunately, 'rational' is an adjective that applies to neither markets nor bitcoiners.
544  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 22, 2017, 04:56:11 PM
Semi related to Bitcoin - stay safe people in London:

https://www.rt.com/uk/381771-gunfire-loud-bangs-parliament/

Nutter with a sword shot by police.  That is all.  
Nutters in England have fewer guns than in other countries, fortunately.

EDIT: Fewer, not less.  Unforgivable

We should have a 'swear box' for that kind of mistake. 1 BTC fine.

No doubt, if he's alive, it will turn out he'll claim to be anti-Brexit or something, like the (pro-Brexit) lunatic who killed Jo Cox.
545  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2017, 02:56:13 PM
Bitcoin is now batteling to restore its value of march 18. If bitcoin cant break trough this its a major bearish signal.

I'm quite amazed how quick the price of BTC rose again after the mayor FUD during last Thursday - Sunday.
Has someone an idea how this happened despite the threat of a hard fork & the (new) rumors from China, regarding PBoC and regulations of the exchanges?

I'm not sure something 'happened', more that panic sellers overcooked it, helped along by some strategic negative press. So this is more like reversion-to-mean than a fundamental turnaround. That sort of thing generally plays out more slowly, with the news providing noise in the short term.
546  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 21, 2017, 09:57:14 AM
Just want to be sure of something....Tokens are out but thats all right? product is not even close to be ready....

Thats explaining way the price continue to drop..i guess will have to wait some more months

Product is close to being ready Smiley
It's been almost 4 months since the end of our ICO, with bitcoin in an uptrend. Plus someone dumped a lot of Incent on Cryptopia yesterday, market sell down to 3k sats (thanks whoever that was, I didn't think my buy would be filled and was literally logging in to remove the BTC). So price has suffered. But you won't have to wait months for rollout, we're almost there.
There should be another major update from Rob around the end of the month.
547  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2017, 04:03:17 PM
Well, not sure about USD prices but it looks like BTC will soon get a bump against Sterling.

Brexit anticipated weakness is already in the price for sterling, certainly cable I think has a fair chance to be neutral to positive this year.  Dollar has its own news and dynamics vs world trade, obviously brexit is stated a reference to the current changes passing in USA for its trade agreements.    
Overall the trend for sterling is negative for some years now, long before Brexit.  Fiscal and trade deficit but vs dollar it may stay quite level.

BTC in CNY I think has held a lower point and is not negative.  I think its showing neutral action and may hold till news effects it further.

Dollar strength has come off some as less rate rises are seen likely.  $1060 and above is more positive action if it can hold that but overall it looks less positive then the CNY charts I see.  It'd be good to see if Dollar index shows weakness does this help the price for bitcoin

True, but there is ALWAYS the knee-jerk reaction. http://www.bbc.co.uk/news/live/business-39306336
Twitchy traders in forex as well as BTC.
548  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2017, 01:43:37 PM

Well, not sure about USD prices but it looks like BTC will soon get a bump against Sterling.
549  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ZrCoin - The world's first commodity-backed blockchain option on: March 20, 2017, 01:18:54 PM
this is the first ICO on Wavesplatform, as i know waveplatform is one of the successfull project in cryptocurrency,,
i think this one is promissing

One of many. And I think there will be many more commodity-backed blockchain tokens to come. But this is a nice start Smiley
550  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 20, 2017, 11:34:57 AM
^^^
End of Q1, beginning of Q2. There are various moving parts to roll out, so there's not one single 'launch' event.

Re: Wix, yep Smiley That's a mockup that needs moving to a proper site. We're careful with the funds we raised at ICO, but not that careful...
551  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 20, 2017, 10:29:42 AM
I like your project overall but new site design looks unprofessional. Maybe you should change color scheme cause now it looks like a parrot.

I can pass this on, but lots of people have said they like the site! I guess you can't please all the people all the time. Your comment reminds me of the joke:
Q: What's orange and sounds like a parrot?
A: A carrot.
552  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 20, 2017, 10:02:52 AM

I think this is a foolish statement coming from Karl. Can you guys return my BTC invested  into the project and I will give you the value in Fiat, Nobody want fiat that is why we are in BTC so be considering the investment made in BTC to fiat is very wrong. I will still believe in BTC even when the price drop than any fiat currencies.



It's a fair point about judging value in the currency in which you invest. However, the nature of the crypto markets is that alts suffer when BTC rises in value. (In fact, this is how all markets work - when they value of the dollar goes up against Sterling, shares in the FTSE100 rise in value because they are denominated in the less-valuable currency but earn revenues in the more valuable). The reality is that if BTC had dropped, alts including Incent would probably be more valuable. This is just the nature of the ecosystem we work in, and we cannot protect anyone against how a $20 billion market decides to act.
The wider context is that we haven't even launched yet. The market 'performance' of Incent is hardly indicative of Incent as a company.
553  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 20, 2017, 09:45:30 AM

I plan to sell at a loss,
I have to wait.
I just say, investors should be protected.

Or wait and sell at a profit.
Just so we're clear: returns come with risk. That's not ideology, that's just maths. If you try to protect investors from the downside whilst allowing them to profit from the upside, you rig the deck against yourself. That's exactly what happens with limited liability and in the global financial crisis. And since Incent is not Too Big To Fail and can't go running to the taxpayer for a bailout, we're not doing that.
What we are doing is exactly what we said we'd be doing, which is building a groundbreaking blockchain-based loyalty product and getting businesses on board. Growth comes from getting that right, not manipulating the market at the expense of long-term holders.
554  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 18, 2017, 09:12:11 AM
I think INCNT must listed on other exchanger like bittrex or poloniex

That wouldn't change anything. Increase in value woll come when merchant #1 is online, maybe earlier woth the trading bot amd MobileGO ICO.

Thank you, someone who gets it!
The trading bot will add depth/liquidity, which won't inherently add buy pressure but should be attractive for traders since it will reduce slippage. It's necessary for settlement because we need to be able to show customers a price on their app, and slippage would be a problem.
The MobileGo ICO starts on 25 April. Merchant #1 should be up and running before that.
555  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 18, 2017, 08:32:24 AM

Are you serious, when did you place your order? 2 or 3 days ago the price was in 1000sat range. Even mentioning 3400sat is funny because the minimum ICO price was 10000sat per token. I know there is nothing the developers can do about that, you can't force anyone not to sell their tokens at any price, 4 months ago some people sold their Ethers at $5.50 now it is $40. People need to understand crypto investment is not always a get rich quick thing but it worth investing in some. This is the time for guys on the main street

I've had a few in the 3xxx range in the last week or so, but on Cryptopia where the volume is higher. I think the fall to 1k was on Liqui, where the orderbooks are so thin that it doesn't take much to push the price down that far. If they'd sold on Cryptopia they could have got 3x more, so I assume it was just an impatient bounty dumper.
I can agree that 3xxx is frustrating if you bought at ICO (which I also did) but that is the nature of the crypto markets. Equally, though, I'd like to give the Sydney team credit for the work they're doing. They are on schedule for release at the time given 6 months ago when we first put out word about the ICO. That is incredibly rare when you consider the delays routinely incurred on other crypto projects. So I won't accept any criticism that we're not doing what we said we would do, based solely on a market that is notoriously fickle. In another 6 months if there's no movement in price, then maybe it would be warranted. Right now, though, with dev on the wallet almost done, a marketmaking and settlement strategy about to launch, and business development looking pretty cool, that seems unlikely.
556  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] MOBILEGO Crowdfund - Decentralized Solutions on Gamecredits Mobile Store on: March 18, 2017, 07:33:31 AM

I have a question on this

MobileGo will have fixed supply. Its revenues will be returned to investors in the form of buybacks at regular intervals

Does it means some kind of dividends as fees, what does buyback mean here?
If I understand your question correctly:

Buyback just means using a portion of the revenue attained from the mobile store (from the sale of games and in-game items) to buy and burn tokens from investors.



It's a way of delivering revenues to holders without paying a dividend, which would be problematic for the company and many investors due to securities regulations.
557  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 18, 2017, 07:26:10 AM
As  i am a investor from the "first hour"  and bought a lot of more between price range from 5000-3000 satoshis i am interested in how, beside the business itsself, you are in contact with bigger exchanges to make Incent more "pupular" to a broader audience. Nothing against cryptopia, its the beginning, but even there the daily volumne is about just 10 BTC, the spreads for buying and selling are way too big (right about now its nearly 30%!!!). Maybe another try with BITTREX would not the worst idea of all.

We have been in contact with a bigger exchange - everything should be ready to go, so not sure what the delay is.
Other than that, we'll be bringing volume to the exchanges. That comes under the heading 'by the business itself', I suppose, but the point is that having exchanges without adoption and external demand is the tail wagging the dog (even if it's the norm in crypto).

I am already happy with Liqui and Cryptopia plus Open Ledger is improving IMO. But of course i'll be more happy if Poloniex will add Incent in the near future.

Forget Poloniex, I think people are needs to understand that what this project is suffering is lack of proper marketing strategy, no matter how good your project is with little or no marketing no ne will use it. I don't think wallet development should be prioritize now.

Seriously? Did you read any of our materials? Do you even understand what this project is doing?

Saying you will do something is different from actually doing it, I read the whitepaper that is why I invested into the project, but seen the price dropped to 1800sat makes me doubt the ability of this team. Can you name any partnership your team has entered into presently. if there is no adoption on Incent then investors have lost their investment and that is the obvious truth

Please tell me where I can buy for 1800! I put an order in at 3400 and it's not being filled.
Our blogs and updates detail who our partners are. To my knowledge nothing has changed there. I can't say who Merchant #1 will be but it will be a pleasant surprise.
558  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 18, 2017, 06:59:36 AM
As  i am a investor from the "first hour"  and bought a lot of more between price range from 5000-3000 satoshis i am interested in how, beside the business itsself, you are in contact with bigger exchanges to make Incent more "pupular" to a broader audience. Nothing against cryptopia, its the beginning, but even there the daily volumne is about just 10 BTC, the spreads for buying and selling are way too big (right about now its nearly 30%!!!). Maybe another try with BITTREX would not the worst idea of all.

We have been in contact with a bigger exchange - everything should be ready to go, so not sure what the delay is.
Other than that, we'll be bringing volume to the exchanges. That comes under the heading 'by the business itself', I suppose, but the point is that having exchanges without adoption and external demand is the tail wagging the dog (even if it's the norm in crypto).

I am already happy with Liqui and Cryptopia plus Open Ledger is improving IMO. But of course i'll be more happy if Poloniex will add Incent in the near future.

Forget Poloniex, I think people are needs to understand that what this project is suffering is lack of proper marketing strategy, no matter how good your project is with little or no marketing no ne will use it. I don't think wallet development should be prioritize now.

Seriously? Did you read any of our materials? Do you even understand what this project is doing?
559  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 17, 2017, 12:23:23 PM

 Cool I know I am too impatient and curious, but I have been impressed by the Waves mobile wallet Smiley Do you collaborate with them in designing the mobile App or do you have separate teams?

There are two Waves mobile wallets. Incent is collaborating with one of them Smiley
There is overlap anyway, and Incent is in close contact with the Waves dev team.

when you say you are working with 'one of them', why two WAVES wallets are needed?, will the wallet which INCENT is collaborating with has something 'extra'?

Different wallets and codebases, different functionality. One is more straightforward, aimed at mainstream users. Incent is based on this as it needs only simple token transfer functionality. The other is more full-featured, and will ultimately include DEX etc.
560  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][INCNT] Incent Loyalty | Waves CAT | $1.1m raised | Roll-out Q1 2017 on: March 17, 2017, 11:29:24 AM

 Cool I know I am too impatient and curious, but I have been impressed by the Waves mobile wallet Smiley Do you collaborate with them in designing the mobile App or do you have separate teams?

There are two Waves mobile wallets. Incent is collaborating with one of them Smiley
There is overlap anyway, and Incent is in close contact with the Waves dev team.
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