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641  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XRP] Ripple Speculation on: March 25, 2019, 03:00:24 PM

Ripple is actually less volatile than most of other crypto (due to being so large in market cap size), so the argument of okan seems far from truth.

About the correlation of market cap size and the volatility, this is not entirely true.
Just think how the market cap is calculated... the total amount of coins issued is multiplied by the average of the last traded price among multiple exchanges.
In theory, XRP could have the same market cap with any shitcoin that issues a 13 billions of coins in the first block and then a single coin is bought by just 1 person for 1$. And there you have it, a 13 billion market cap coin is born with a volume of 1$.

I believe the main reasons XRP is usually less volatile is (A) because it's (arguably) more decentralised than many PoW coins that are mined from big farms in their early stages and (B) because a big amount of coins is held by a company that knows about finances.
XRP is a strange case of centralisation and decentralisation at the same time! Cheesy

However it's not like XRP is not moving with the rest of the market when the market direction shifts, what I've noticed is that it's not affected greatly from daily spikes.
642  Economy / Services / Re: [OPEN][Signature]🔵🔵XCH4NGE🔵🔵Connecting Crypto Users Worldwide! on: March 23, 2019, 09:28:47 AM
Has anybody received payment for week four ?

Not yet and now that you mentioned it, I noticed that I'm missing 2nd week's payment as well.
I hadn't checked because I trust them, I only checked the spreadsheet and sow I was accounted.

I'll have to contact them I guess.

Sorry for not updating this sooner, but no one asked me anyway so I guess it's ok ! Tongue
The support was supper helpful, kind and quick. The payment was shown in the blockchain in time but for because of a visual bug it was not shown in my account's page. They fixed it quickly.

Also this week's payment was received in time.
643  Alternate cryptocurrencies / Pools (Altcoins) / Re: ▂▃▅▆▇⫷[ 🆉🅿🅾🅾🅻.🅲🅰 ]⫸⫷[Zap your coin!]⫸⫷[ the miners multipool ]⫸ ▇▆▅▃▂ on: March 23, 2019, 09:25:07 AM
Is this for real guys?

ocp(sha256t)   0.10588823 OCP   0.212%   0.00003903   29 hrs 13mins   Immature (71/251)
ocp(sha256t)   0.03084010 OCP   0.062%   0.00001137   29 hrs 14mins   Immature (72/251)
PlusOne(hmq1725)   0.21933088 PLUS1   0.439%   0.00119566   96 hrs 57mins   Immature (37/101)
PlusOne(hmq1725)   0.12368133 PLUS1   0.247%   0.00067424   99 hrs 8mins   Immature (38/101)

4 days later PLUS1 is confirmed by 33% ? Then it'll take 12 days to confirm, then some time to push it to the exchange and then some extra time to return me my chosen coin of payment.
Are you fortune tellers and you periodically put this coin on the top of the list of profitable coins? Can you see 2 or more weeks ahead?
Just remove these shitcoins please if you can't trust their chains to be confirmed within a few couple hours. Anything more than 10 hours is extreme, even for shitcoins standards. Let alone days.

I'm using Rainbow Miner and I've tried to exclude these from the mined coins, I hope it will work or that you'll fix these.
644  Economy / Exchanges / Re: Cryptopia exchange hacked on: March 22, 2019, 12:08:14 PM
Ok so it will turned out as Bitfinex 2.0 wherein the compensation will be tokens. The reason also I stopped using that exchange.

at least it sounds like there will be a market for these CLM tokens. so anyone who wants to dump them and run can do so. as an alternative, those who believe cryptopia will be viable can buy the CLM tokens cheap and either flip them for profit or wait for repayment.

it worked for bitfinex......cryptopia isn't as attractive from a volume/prestige standpoint but the losses appear to be much smaller than bitfinex too.

I don't know how trustworthy Bitfinex's or any exchange's volume reports are.
I know the webpage visit rate is not a precise compare tool, but for an exchange which was reporting about 10 times more volume than Cryptopia (not sure of the exact number), Bitfinex didn't have any different traffic compared to Cryptopia.
https://www.similarweb.com/website/cryptopia.co.nz?competitors=bitfinex.com

I'd like to see older data but unfortunately I can only see that since September, Bitfinex and Cryptopia had the same amount of visitors. Now how big amounts was each visitor trading... is something we can't know for sure.
645  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: March 21, 2019, 11:02:21 PM
is there a good reason why one of the 'most promising' projects is taking such a beating?

This has been asked a dozen times, though I understand it that you can't scroll through the many pages to find it posted here and there.
It's mainly because in the early period the inflation looks a bit too high and the price can't be sustained without broad enough acceptance. Now we have many coins in circulation and since the coins was too profitable for mining initially, most miners dumped without second though.

Now we have a down momentum but it should stabilise any moment now.
646  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 21, 2019, 10:26:55 PM
Please answer who knows. If the user of cryptopia did not cancel Open Orders on their own, but Open Orders were automatically canceled by cryptopia itself - the situation looks like this: in the Balances section, cryptocurrency is present in open orders, and in the section: "Exchange": there are no Open Orders (they are canceled by exchange, this is understandable), but the same in this section: "Exchange" instead of automatically closed Open Orders - there are no corresponding balances or even at least smaller ones. Will there be later coins relevant Open Orders from the section: "Balances" - also displayed in the section: "Exchange"?

Judging by the price action of LTC at least, there seems to have been trades with old orders which were set on old prices until someones made easy money buying the pre-pump price and then selling in market price.
I calculated about 400 LTC being bought under market price.

I also have to point out the irony in the conversation being that Cryptopia is too slow/taking too long, now they are being accused to moving to quickly?

It's not that they move quickly but that they do amateurish and stupid things.
How can it be hard for them to cancel all open orders? Why do they allow trading but not depositing/withdrawing in the coins they enable?
647  Economy / Scam Accusations / Re: HitBTC scam! on: March 21, 2019, 10:22:39 PM
AAAAAaaand it's weekend! Time out, everyone's going home. Oh and we'll keep your money for the time being because we didn't have time to check the unnecessary papers you sent us.
Thanks for doing business with us!

-The HitBTC team

....

Or did they not even reply at all today?
648  Economy / Exchanges / Re: Cryptopia exchange hacked on: March 21, 2019, 10:20:27 PM
Risk Management.  

You've done your due diligence:  unique email/pass, 2FA, VPN. 

No such thing is "safe".

There are only 2 types of companies: those that have been hacked, and those that will be hacked.

And then there are those which are not worth bothering to hack! Roll Eyes
I think Cryptopia might pass from all those 3 types eventually!
649  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ARK - DPoS with Dynamic Fees 🔹 NO longer a fork of Lisk 🔹 New CORE v2🔹 on: March 21, 2019, 10:17:34 PM
Congrats to us all. But I have a question BoldNinja: There are plans to rebuild a lite web wallet as it was with v.1 core? The desktop one is becoming more and more complicated and not all the people are specialist to use it. With this situation only experts can hold ark and not novices which are much more in number.

I respectfully disagree with that statement. Their wallet might not be a very quick point-click-wallet solution, but it's very simple thanks to its initial wizard which guides the users step by step with short and clear explanations and beautiful graphics.
I find it well balanced between being simple and powerful.

As for hardware wallet users it's as simple as just plugging your wallet to the USB and opening the wallet!

Oh and also another feature I like is that through ARK's wallet we can connect to any other sidechain built on ARK by just submitting the sidechain's network data.

Sorry RivAngE. If I am writing about this problem this mean that I have inputs. If something in desktop wallet is easy to be understood by someone like you that doesn't mean that is so for everyone.

Alright, I won't insist then. But how would you advice the team to make it easier?
I'm honestly curious because as I said I found it easy to use so I can't think of anything to make it better. Maybe the ARK team has the same problem, they're too familiar with their wallet so they don't see the need to change anything if people don't ask.
650  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [LAUNCHED][POW]⚡ELECTRONEUM⚡Official Moderated Thread on: March 21, 2019, 12:44:12 PM
Wow volume is great. Can someone explain why is nearly all the volume on Huobi bitwine ETN/ETH?

I wouldn't trust Huobi to report real volumes. I don't mean anything bad for ETN, that's just me not trusting any of the exchanges that report hundreds of millions, some even billions of $ in trading every day during a silent flat market.
I don't have any bases for this, but it's a fact that they can fake volumes by trading between themselves.
So if they can do it, then I believe they also want to do it.

Look at the trading between Huobi Token and BTC, it's the exact same figure. It's like 98% of the BTC traded is to buy/sell Huobi Tokens! Cheesy
(link: https://www.coingecko.com/en/exchanges/huobi)

I'm happy with KuCoin, Kraken and Bittrex, so no reason to go to a Chinese exchange with fake volumes. Thankfully ETN is traded in at least one of my 3 favourites (KuCoin) so all's good! Smiley
651  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ethereum: Welcome to the Beginning on: March 21, 2019, 12:22:19 PM
Last time there were reasons which pushed Ethereum's price that high but this time I wonder what will make happen same. I fairly expect maximum $1k in case of repeating pattern of altcoin markets because this time market cap will be divided among more than one players. This doesn't mean Ethereum's importance is less but it isn't same powerful too. What is being worked on in Ethereum others are delivering before it.

Last time it was because of the rise of ICOs, right? ICOs were a bubble dream among people hoping to get rich fast. Though we may see ICOs returning whenever cryptocoins get mass attention again, they'll be more strictly regulated and a lot of people will have experienced or will have heard of the many scam ICOs, so I don't expect them to be a driving factor behind Ethereum. There are also many similar solutions now like ARK.

But I believe there's a more important factor supporting Ethereum, and that's the DAPPs. A driving factor with substance could be the gaming sector going mainstream.
I'm enjoying playing Axie Infinity right now and I see a lot of new players joining the Discord without prior knowledge of cryptocoins, they just come because of a great game and now they're buying Ethereum in order to play.

As this space moves forward, so could Ethereum. But don't expect 1000$ prices, if we take into account the amount of coins that are being issued, I believe this will be a TOO HIGH price to reach very soon.
Since I don't expect a rally sooner than Q4 2019, I take into account the coins that will have been issued by that time.
652  Economy / Speculation / Re: GAME game *game* "GAME" QUARTER PREDICTIONS on: March 21, 2019, 12:11:20 PM
I believe that a day or two before the deadline, the price will explode and reach my 6223$ target, retesting the previous support!

Well... I feel like I've bet on a horse that's in the 4th position in the last lap, it still has a chance to overtake the 1st position! Tongue
653  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 21, 2019, 11:50:46 AM
How big is profit of this exchange for 2018?

How big is profit of this exchange for the previous years?

Where to find this data?

You won't find official financial data anywhere because they are not a publicly traded company (not listed in a stock exchange).

But just think of this... they're asking 4000000 DOT to get a coin listed, for 2018 this was averaging to 8 BTC but during the 1 month of peek in the start of 2018 it was averaging 16 BTC for a single listing.

This is their listing announcements: https://support.cryptopia.co.nz/csm?id=kb_category&kb_category=6313f58bdbeddf009990f6fcbf96190d&spa=1
However they haven't put dates on their old announcements, so in order to see when was the coins listed I went to their BTCT ANN threads and guess what? Their list of announcements is not ordered by date, it looks pretty random as far as I can tell! (what a mess)
Therefore I'll do a guess and say that out of the 95 coins they've listed, 50% were listed during the peek of 2 months. Let's say about 40 coins in two months.
That'd be 640 BTC in just January, or $6.4m - $9.6m depending on when/if they sold for dollars.

Before the hack, during most of 2018, their average volume was about 7m daily. With 0.2% trading fee that'd be a daily income of 14000$. On top of it there's an incalculable amount they receive from the withdraw fees which are usually much higher than the network's real fee.

We can't know what their expenses are, but judging by their slow support they shouldn't have a lot of employees to pay.

So yea... with trading happening 24/7, they were making about 420000$ from trading fees every month and with an average of 2.3 listings / month (after January) an extra 18.4 BTC (if for 2018 1BTC = 6000$, then about 110400$).

So even if they didn't sell during the price peek, they were making about 0.53millions every month during the bear market based on the averages of 2018. I'd say those are some conservative estimations though, I believe their income was higher as long as they sow the price drop coming and sold earlier.

Now, there should be a more precise estimation of their loses but I couldn't find it, please let me know of a newer source than what I've found which is this,
654  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ARK - DPoS with Dynamic Fees 🔹 NO longer a fork of Lisk 🔹 New CORE v2🔹 on: March 21, 2019, 10:57:29 AM

Congrats to us all. But I have a question BoldNinja: There are plans to rebuild a lite web wallet as it was with v.1 core? The desktop one is becoming more and more complicated and not all the people are specialist to use it. With this situation only experts can hold ark and not novices which are much more in number.

I respectfully disagree with that statement. Their wallet might not be a very quick point-click-wallet solution, but it's very simple thanks to its initial wizard which guides the users step by step with short and clear explanations and beautiful graphics.
I find it well balanced between being simple and powerful.

As for hardware wallet users it's as simple as just plugging your wallet to the USB and opening the wallet!

Oh and also another feature I like is that through ARK's wallet we can connect to any other sidechain built on ARK by just submitting the sidechain's network data.
655  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: March 21, 2019, 09:31:41 AM
I had never asked the question before: What happens when if in a few years the mining rewards fall bellow a level which can support all the produced ASIC miners?
I guess many people might think that the Bitcoin's price will magically go higher in order to keep the mining profitable, just like many though the price couldn't go bellow 5000$ (or was it 4500$?) because mining would become unprofitable.
What will happen in about 1.5 years when the next halving takes place if Bitcoin's price is still around 4000$? Most likely half of the mining hardware will shut down. In that moment, there'll be enough dormant hardware to 51% attack Bitcoin itself. Scary stuff.
On that regard, GRIN is more balanced and future-proof safe.
Bitcoin's limited supply sounds good to investors, but there are some serious implications in the long term.



What? Just a meme? No context? Cheesy I guess I'll take it as you're believing I'm against Bitcoin.

I'm not saying Bitcoin is doomed, it has many years ahead of it to do upgrades and the necessary adjustments as the community sees fit.
But so can GRIN do adjustments. So I was comparing the current outlook of Bitcoin's and GRIN's reward systems.

You can't deny that there is a risk with constantly reducing the miners' payment in a 100% PoW system, can you?
656  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Grin | PoW Mining | Electronic transactions for all. Community driven. on: March 21, 2019, 08:02:41 AM
You known what are issues with your post, @RivAngE?
I don't check, but base on what you posted, I guess that you get details from somewhere else, that you should post sources of those details.
Why you have to do this?
Because it will help you don't violate forum rules on plagiarism.
Please edit your post with source/ link if you don't want to see death penalty drops on you later.

Best regards,

Hello! Thanks for the heads up, I guess my initial post wasn't clear enough by just saying "I just read something very interesting in their Monetary Policy explanation!"
I was referring to one of GRIN's official docs, and to be precise I'm linking to the exact paragraph I quoted: https://github.com/mimblewimble/docs/wiki/Monetary-Policy#tail-emission-may-be-required-for-long-term-stability
657  Alternate cryptocurrencies / Pools (Altcoins) / Re: ▂▃▅▆▇⫷[ 🆉🅿🅾🅾🅻.🅲🅰 ]⫸⫷[Zap your coin!]⫸⫷[ the miners multipool ]⫸ ▇▆▅▃▂ on: March 20, 2019, 12:09:06 PM
where can i get invitations discordapp and
why didn't the coins come to me

From their official site (pool page), this is their discord: https://discordapp.com/invite/n45n6Jj
And what do you mean the coins didn't come? If you want you can share the miner settings here and I'll let you know if something is wrong.
658  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 20, 2019, 09:54:40 AM
I just noticed the status pages for BTC/LTC/ETH actually use the word "haircut"  Shocked


https://www.cryptopia.co.nz/CoinInfo/?coin=LTC

Currency 57% secured, 43% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready


https://www.cryptopia.co.nz/CoinInfo/?coin=BTC

Currency 86% secured, 14% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready


https://www.cryptopia.co.nz/CoinInfo/?coin=ETH

Currency 0% secured, 100% haircut processed, Withdrawal and Deposits offline until new hot wallets are ready

As I had a 14% btc haircut, what does this mean? That 100% of ETH are gone? ( In the hypothesis those are not progress percentage but the amount of haircut. ) AND, in that case, how could the whole hack be 10% if the biggest coins are devastated ?

They stated they had a MAJOR LOSS OF FUNDS. What did you morons think would happen, that you would get it all back?Huh Time to wake up!!

Most of the shitcoins are untouched, but LTC is hurt bad and ETH is killed off, BTC 14%. So yeah, probably about 10% all in all.

go back to one month ago and see I knew the haircut had been the "solution" from the beginning, and I was also criticized for that.

They should have taken some LTC back from inactive traders in a "legal but unethical" way at least, though 400 LTC is a drop in the water I guess.
Look at that: https://www.cryptopia.co.nz/Exchange/?market=LTC_BTC
They've lost 50% of their LTC but suddenly they re-enabled trading of it yesterday. It seems that a total of 400 LTC were bought under their value, either by the few users who were unlucky enough to hold BTC in Cryptopia or from Cryptopia themselves.

But I'll be honest... judging by the timestamp of their tweet and the time of the LTC-BTC trading, I believe that the tradings was done by users and not from Cryptopia.
659  Economy / Service Announcements / Re: Buying and Selling Bitcoin on- Xch4nge.com on: March 20, 2019, 09:27:07 AM
Thanks for advertising them, I've tried them since I'm using their signature and I'm really happy with Xch4nge's serivces so far.
But they have an (I think official) thread here already: https://bitcointalk.org/index.php?topic=5080825.0  Smiley
660  Economy / Service Announcements / Re: Cryptopia Cryptocurrency Platform Services and Development on: March 20, 2019, 09:11:37 AM
This is getting better and better!
  • First they lock your coins with "maintenances"
  • Then they bring down the site because of a hack
  • Then they reopen the site, having traded people's coins for bellow their current value for a "promise" without value
  • And yesterday they suddenly re-enable trading without a prior notice and without the option to deposit and withdraw, allowing themselves to sell the shitcoins they hold (and have now dropped in value) to people who haven't cancelled their old orders; selling them in the old price in cases where it was higher or buying the cheap in cases where it's now more expensive.

I was of the opinion that Cryptopia is not doing shading business and they're just a bit incompetent... maybe I should reevaluate this opinion of mine...
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