So at what price do you think B2x will be when it opens for business?
The BT2 futures token is currently trading at $939 and 0.129 BTC. My personal view is that this is at the top end of the price range and I expect it to trade $600-$1,000 at the opening. There will probably be some early buying and I will be looking to sell if it gets up to $1,500. As for the medium to long term effect on BTC price I don't expect there to be much this time. These forks are becoming old hat now and I really don't detect any enthusiasm for B2X. Of course, all that is just guessing based on the experience of the BCH fork. Watch and trade the action when it shows you what it is doing. Trade what is happening not what you think should happen.
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Pardon me but I fail to understand what this "potential" activity is? is it something different from this time-based formula? Sorry I am new here and don't know much.
As the maximum activity you can gain in a two week period is 14, if your activity is less than the number of periods you posted in times 14, then you have potential activity. That means if you make more posts now they will immediately add to your activity. Typically this will be for people that only post occasionally.
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What losses do you refer to?
You just won't be able to ride the price spike should there be any, but other than that, I would in no case count it as "losses". At max, these would be unearned or lost profits (or rather lost profit opportunities), but given the uncertainty, price volatility, and the current Bitcoin price itself, that might not be a very bad idea after all. Anyway, we are already well below the recent highs, so it may be too late to short unless we are going to drop a lot lower, of course (say, a few thousand dollars)
OK, I was reading too much into your use of the word hedge. What you suggest looks to be a good way of receiving the fork coin and still having your BTC available to trade short if you need to. I was thinking that what you meant by a hedge was that your PnL column would be neutral whatever happens to the BTC price. I was just pointing out that if the price goes up then you will get those losses. (FWIW I'm looking at anything down to $6,000 as a buying opportunity if it breaks below that then a major correction may be in play ~$4,000 ish) Hi I am confused about Bitfinex policy with segwit2x. I can understand( Announcement https://www.bitfinex.com/posts/221) that we can now split our bitcoins to BT1 AND BT2 with the help of coin split manager. And this BT2 will later become B2X at the time of split. Users will be able to create or destroy these new CSTs in any amount using the Token Manager located in the Order Type drop down menu of the sidebar order ticket. Upon creation, the BTC will be debited from your account and an equivalent amount of BT1 and BT2 will be credited. Users will also be able to reverse this process at any time, trading in equal numbers of BT1 and BT2 to extract BTC. But here my question is if i donot want to split my coin like this and if i have 1btc in my bitfinex account at the time of fork. Will i get the equal amount of B2X after the fork? Or only if I Split my BTC before the fork like BT1 and BT2 then only I am getting B2X coin after the fork. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Their T&C for segwit2x https://www.bitfinex.com/legal/cst/segwit2xSorry posting here again as I think this is the official support thread of bitfinex. I will be really pleased to get any definite answer. Original Post: https://bitcointalk.org/index.php?topic=2367234.0You are confusing two different things, trading tokens and the split. What you quote above refers to the futures market. If you want to speculate by trading the new coin now you have the option to split some BTC into BT1 and BT2 and trade these. They are not the new coin but just tokens that are being traded internally at Bitfinex. You are not being forced to use them it is completely optional. When the fork actually happens around the 16th November you will automatically be credited the new B2X coin for all the BTC you own. Bitfinex abandoned this forum and thread a long time ago. If you need confirmation that what I told you is correct I think you'll have more chance of getting a response on /r/bitcoin or /r/bitcoinmarkets.
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An idea has just struck me
It makes sense to lend your bitcoins (so that you get B2X tokens) and at the same time short the same amount of bitcoins. By lending and borrowing, you will 1) receive some percentage spread (since you can lend at higher rates and borrow at lower, it is pretty easy to do) and 2) protect yourself from any price crash if that should happen due to the hard fork while still receiving the B2X tokens, which you can sell at any time you deem right. Anyone want to comment on this?
An interesting idea. The thing that concerns me is there is no correlation between the amount you can make on the lend/borrow spread and the price of Bitcoin. So yes you will be protected from any fall in BTC value due to any problems during the fork but if the price screams higher you will suffer big losses.
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I still don't get it
I understand perfectly well about being long in BTC and receiving B2X tokens (read you have bitcoins in your account), but I don't quite understand the part between the parts you made bold. In other words, the quote you posted could be read as "Users that are financed [...] short any BTC trading pair will receive B2X". Doesn't it contradict the parts which are bold in your post since you can be short or long BTC in "any BTC trading pair"? This makes no sense to me. If I read it literally, it basically means that both lenders and borrowers should be credited B2X coins which is nonsense, obviously. What am I missing here or is it just Bitfinex not being quite clear in their statement?
It's just that Bitfinex list the other currency pairs the other way round. So being long BTCUSD means you borrowed USD to buy BTC. Being short ETHBTC means you borrow ETH to buy BTC. In both cases, you did not borrow the BTC and therefore own it and get the split token. It would be simpler to understand if exchanges always listed BTC is the first currency. If they called it BTCETH then the example I just gave would also be a long trade. I have no idea why they don't do it that way.
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Feels like we've wasted more time thinking about what the scrambled message might mean, than the person writing it bothered to use when providing us with this...literature.
That's for sure. I have the chance 2 fell 400 red,after half an hour of the game.How can this be?You scammers
2% chance? It's payout 50X i suppose you are talking about dice ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) How you managed to decipher that I'll never know, but well done. I've been googling but I can't find how to calculate the probability of no occurrence of a 2% chance in a 400 sample. But thinking about it the other way round If you were rolling a 98% chance and you got lucky without losing in 400 rolls you would be happy but it wouldn't seem all that strange.
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When should we have BTC at Bitfinex to get the new bitcoin segwit2x?
At the moment that BTC block 494,784 is mined. The last block mined was 493,348 so another 1,436 blocks to ago, roughly another 10 days. So it should be on the 16th November. That is dependant on the network not getting slowed down too much with some of the miners going off to mine BCH. As it gets nearer the estimate becomes more accurate. Best to make sure it is there a bit before so you don't risk the transaction getting stuck when they disable deposits.
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IG.com has very big spread 20 dollars . i know bitmex has not with 1:100 but PL calculated on the moving average line ,not market
I don't use spread betting and CFDs very often for that very reason. I was just suggesting comparing the financing costs with IG because they are a proper brokerage and that should give a good feel for what the rate should be. If you're looking for a medium to long-term swing trade as the OP is then a bit of extra cost in the spread could easily be outweighed by financing costs. If you're looking for day trading then really I would recommend staying away from all spread betting and CFD's as the spread cost will kill your profit compared to paying commissions on an exchange. At the end of last week, the Chicago Mercantile Exchange (CME) announced that they plan to introduce a Bitcoin futures contract at the end of this year or early next year. It is still dependant on regulatory approval but if they get it and you're a day trader this will definitely be the best way to go.
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Next push in updates and all should be per your post and others comments. Yes, this is UK and next announcement should help to buy/sell and cash out some of the crypto. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Good, it's important to present a professional image when launching a new business. I like the overall look of the site. Obviously, it's brand new and needs more traders active to make a market. So good luck and I hope that it works. What are you planning for GBP deposits and withdrawals? Previous UK exchanges have run into problems with their banks pretty quickly. From my knowledge your only UK competitor banks in Poland as it's relatively easy to open a GBP denominated account there. PS. Don't cash out until there are 3 more zeros on the end of the price. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Not really a scam as it would make a nice museum piece. The price is far too much at the moment but you never know these things may become collectibles one day. I think from memory that would date to early 2014 and would have become unprofitable to mine with a few months after manufacture. At worse the seller is preying on the uninformed, but offering something for sale at a high price and seeing if someone is willing to pay it isn't really that bad a thing to do.
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Hello, searching where could I trade bitcoins with big leverage. I found plus500 which does bitcoin cfd trading with 1:30 leverage, however it charges premium for every day so its really expensive. Ideally what i wanna do is buy bitcoins with big leverage (>= 1:100) and store them for long time and pay as small fee as possible. Any options here? Ideal platform would have big leverage, small to none premium, no trade expiry date, thanks ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) At the moment I think that 30:1 is probably the biggest margin available. If you want to hold for a long time then the fees will always add up because you are borrowing the largest part of your trading capital. I didn't look at plus500 to see what their fees are but I'd suggest comparing them to https://www.ig.com/uk as they are one of the big established CFD and spread betting providers. You'll get an idea from that whether plus500 is overcharging or it's just the going rate. They only offer 8:1 margin on Bitcoin as margin requirements are always set based on the volatility of the underlying product. So the S&P 500 is at 200:1 and crude oil at 66:1 because oil is more volatile, Bitcoin is obviously far more volatile than either. This is calculated a level that protects the provider from a sudden spike that could leave accounts with negative balances they would be unlikely to recover from their clients.
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As per OP, I am founder and owner of cryptochangex.
Congratulations. I hate to be a pedant but you should have got someone to proofread the graphics you posted. In the first "Build by traders for everyday users" should be "Built by traders for everyday users" and in the second "HOW TO SECURED YOUR ACCOUNT?" Should be "HOW TO SECURE YOUR ACCOUNT?" It's interesting to see a new exchange and even more so for me as it's UK based. I'll take a look.
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Do anyone have a dicebot script which can help me built some balance from just a faucet claim? .. or is it recommended to have a certain amount of funds before running the bot generally ?
There is no strategy that will magically turn a very small amount given out by a faucet into a decently sized balance. It can happen when you get very lucky. That's a nice feature of DiceBot that you can look at the statistics window and see what your luck was in any session. I have created strategies that were hugely profitable one day and busted the next, but the answer was in the luck stat. Generally, your probability of making a profit is increased if you are trying to win an amount much smaller than your balance. Trying to do it the other way round the probability of success is much smaller.
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Thank you for the answer, but I'm not a native english speaker. Are you sure that "financed" means buying on borrowed funds, but not borrowing funds?
Financed in a trading context just means trading on margin. The full context this time was "financed long BTC/USD" so that can only mean borrowing USD to buy BTC. To understand how Bitfinex is dealing with the fork you just need to think about who actually owns the coin at the moment it is forked. The owner gets the split token, not the borrower. USD is not being forked (don't give Janet Yellen ideas). If you have a margin BTC buy (are financed long BTC/USD) you borrowed USD to buy BTC. You bought the BTC, so own it and did not borrow it.
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Mining is a resource hungry process and it will peak your processors all the time and that will affect the system on the long run and can damage your system,
Can you cite any credible source for that claim? It is just plain wrong to say that mining will damage your system. i can bet that the processor wont last one year if you are trying to mine using your laptop,
I would be very happy to take that bet. you must take that into consideration when you are planning to mine and the amount of money you spend for electricity before calculating your overall profit.
No, you should not take into account the incorrect assumption that you could in any way shorten the life of your equipment because it will not happen. I already said that electricity costs have to be part of the profitability calculation. Along with the hashrate of the processor, network difficulty, and exchange rate, electricity cost always has been and always will be part of the equation for any mining activity.
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Who understood or from the experience of past forks: if I borrow USD (not bitcoins) and buy bitcoins before fork will I receive b2x tokens? I read this statement https://www.bitfinex.com/posts/223 but it is clearly only about the borrowing of bitcoins. If you borrow USD to buy Bitcoins then at the time of the fork you will own those Bitcoins and therefore get the B2X tokens. From the statement you linked to: Specifically, in the case of a hard fork event, lenders will receive both BTC and B2X. Anyone that is short BTC/USD or long any BTC trading pair (ETH/BTC, LTC/BTC, etc.) will owe B2X to the lender, effectively making the user short B2X. An exception is being made where BTC is borrowed but is not in use as financing collateral. In that case, B2X will accrue to the lender. Users that are financed long BTC/USD or short any BTC trading pair will receive B2X.
I bolded the bit that confirms that. If you buy BTC in a trade then you are long BTC in trading parlance. The only situation that it works the other way round is where someone borrows BTC, in this case, the B2x belongs to the lender.
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I didn't use Bittrex for some time now but I was receiving funds there (I was checking through blockexplorers only) but I've seen that they started to require KYC verification? I think that they have no fiat so this involves all crypto currencies regardless of how low the amount is? I didn't want to make a withdrawal request as I was afraid it would trigger something (like closing account etc.)
They have two levels of verification, basic and enhanced. If it is only withdrawal you are concerned about then basic verification allows for withdrawal of up to 3 BTC per day. To get basic verification you need to provide a name and address although they don't ask for any supporting documents. They then ask for a telephone number and send an SMS code to it. So it is pretty easy to get that done. Enhanced verification allows for withdrawal of up to 100 BTC per day but you do need to provide a copy of your ID and a selfie showing you holding it. If you do the basic verification and also activate 2FA before you withdraw I believe you should be OK. Edit: I just remembered something else about the basic verification process. I gave a UK address and it said they were unable to reference that, then it went to SMS phone verification. I'm guessing that may not apply in the US as they are probably able to cross-reference the name and address with public records.
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Any news about bitcoin gold?
The developers have finally got round to putting a test network together. You can follow the lack of progress here https://bitcoingold.org/blog/ Freebitco.in like all sites needs a functioning wallet and publically available blockchain to be able to make the BTG available for us to withdraw.
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The government and regulation has nothing to do with the fees because it is base on how the network operates. Bittrex has been charging this withdrawal fee for sometime now and only because the bitcoin price went up that people are complaining of the fees. Maybe you can try converting it to an altcoin and then withdraw it so that you will have lesser transaction fee. It is not only Bittrex that is charging that because other exchanges charge it as well and there are others who charge more than that. If they set up a low transaction fee then your withdrawal will take sometime to arrive in your wallet.
I agree that it is nothing to do with regulation. As well as the network fee exchanges and other sites charge fees usually in excess of what is used in the transaction. This is to cover the costs involved in maintaining a full node and everything else involved in providing the service. Bittrex fee is high in comparison to, for example, Bitfinex where it is 0.0005 BTC. I hold accounts at multiple exchanges and sometimes it can work out cheaper to trade into an altcoin and send it to another exchange, but only with small amounts or the trade commissions will outweigh the saving.
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