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6801  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Verge: calm before the storm? on: September 02, 2018, 12:00:18 PM
I open this thread about Verge:

https://bitcointalk.org/index.php?topic=4995413.msg45059916#msg45059916

But it seems no one cares and know nothing about the current developments that will push the price of the coin.

So I hope that those who hold this coin is very happy with the recent news and the price spike in the last couple of days. Not just Verge but the whole altcoins seems to be recovering now, perhaps this is the start of the rise of the market again.
6802  Alternate cryptocurrencies / Speculation (Altcoins) / Verge [XVG] releases developer updates; Verge to Bitcoin Core version 0.13 on: September 02, 2018, 07:08:00 AM
Quote
Verge [XVG] releases developer updates; Verge to Bitcoin Core version 0.13 rebasing completed

In a Medium post, Core Developer Swen van Zanten stated that the team has begun work on the Insight API client. The client will be used to communicate with hosted Verge nodes.

Further, Zanten mentioned that Insight API client which is built particularly for Bitcoin by BitPay, can now be used with Verge. The upcoming codebase of Verge will be fully compatible with Bitcoin.

https://ambcrypto.com/verge-xvg-releases-developer-updates-verge-to-bitcoin-core-version-0-13-rebasing-completed/

It looks like its time for XVG to go to the moon with this news.

What are you thoughts about this development?

Will this push the price of XVG again?

I'm not familiar with XVG, I hope someone can chime it about this latest developments.
6803  Bitcoin / Legal / Re: Determinations of KYC and AML on: August 31, 2018, 07:35:37 AM
The KYC or AML process is now standard practice for any legitimate ICO looking to raise funds. These processes not only benefit the project implementing them but also help to protect those with interests within the project.

Even though the crypto space is largely unregulated, it doesn’t mean that we can’t behave and conduct ourselves as any normally regulated sector. It’s all of our responsibility to ensure that we protect the ICO and crypto space as stakeholders. In order to do that, ICOs and projects need to implement a KYC or AML process.
I agree, but wouldnt you say there are added risk to collecting data of users. Lets say the data gets breached; what's next? Wouldn't the company implementing the KYC/AML be held liable. Also, instead of doing kYC/AML why not just restrict the companies that require them; primarily US and China.

Yes, there's a big risk on investors or even bounty hunters if ever such hacks occurs:

https://www.reddit.com/r/CryptoCurrency/comments/83ybwn/shady_dadi_ico_server_got_hacked_huge_data_breach/

https://thenextweb.com/hardfork/2018/02/07/sentinel-chain-ico-leak-passport/

Of course the project or company should be held accountable because you put trust in them that they are going to secure your personal data. I guess ICO than are requiring KYC now are making it more riskier on our end.

I think some ICO's are also doing some restrictions as well. You can't join if you are amongst the country they don't allowed.
6804  Alternate cryptocurrencies / Altcoin Discussion / Re: Stop SCAM in the ICO market on: August 30, 2018, 10:35:31 AM
Perhaps if the OP can provide some concrete evidence that they have called a lot of scam ICO's then its going to be easy for us to take him seriously. However, it doesn't make sense to come out with another ICO and raised funds (correct if me I'm wrong), to fight against scammy one.

You can call them anytime here in the forum and post proof that they are indeed scammers with fake teams, plagiarised white papers, github repositories with nothing to show or updates, etc.

Its hard to stop those ICO's, they are like 2 steps ahead, but doing due diligence is our best weapon and this forum's Scam Accusations thread is a good way to snoop https://bitcointalk.org/index.php?board=83.0 and see ICO projects being mentioned as a fraud.
6805  Alternate cryptocurrencies / Altcoin Discussion / Re: Volumes are growing. on: August 30, 2018, 10:23:59 AM
The volume will start to increase once the Chinese Ghost month is over and that is by September 9. This festival started August 11 and Asians not only Chinese who joins this festivity stop making business decisions to avoid bad luck. Price of Bitcoin is also affected by this festivity.

I'm not really sure if there's a correlation between festivities and bitcoin pump. This year alone, everyone thought that we can go back again after the end of Chinese New Year, but it didn't happened.

This is a good thing indeed for the people and the market. That means the investors are now having an interest in the market and that the market is getting stable again.

Might be the case but I don't think is the major contributory factor to rise if even we are going to see a good price. There's has to be something of a catalyst, that will really swayed investors sentiments to renewed their interest on the market again, Hopefully this could be the approval of ETFs, but if you looked at more senior members here, they are not sold and probably we might see a rejection just like they rejected 9 before the Van Eyck/Solid X proposal due on end of September.
6806  Economy / Reputation / Re: ICOForums.net bounty manager Account farming, abusing merits, Cheating campaign on: August 30, 2018, 06:13:26 AM
Hold the phone... Since when did BigThickRick get pulled into all this Iamsedii garbage? There is no proof that BigThickRick is associated with Iamsedii by anything other than they both did the icolist.guru posts... Come on now people...

How about the evidence in first page of this thread? Not enough to link those 2 accounts?

Guess what, the drama still continues but from what I read, people haven't get paid yet. At the end of the day, ICOforums will have a lot of catching up to do to be able to regain their reputation.
6807  Bitcoin / Project Development / Re: We'd love to get some feedback for our new Start-up! on: August 30, 2018, 05:31:35 AM
The first thing that I've noticed is that your website is not secure.
Edit: Sorry it has been answered already.

So its looks like odesk or whatever its called today, but its more focus on blockchain technology developers so its unique. However, when I try to click "F.A.Q" and "about us", its not responding, it is still under construction? Or probably add like "T.O.S" as well so that potential clients will know everything beforehand.

6808  Economy / Speculation / Re: Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally on: August 30, 2018, 04:56:33 AM
First, there's no so called experts in this field. Most of them are just speculators, making bold predictions to also fit into their agenda.

Second, I surmise that in order for bitcoin to rise dramatically again, it needs a tipping point. It really have to rock-bottom allowing investors and speculators to enter the picture with interest again because the price is too tempting and swoop and take advantage of the situation to be a bag holder and stash even more.

@BitcoinPanther, if the author is giving us fair warning then its good, but the title is somewhat misleading. You will initially thought it was creating panic and fear amongst investors specially noobs.

6809  Alternate cryptocurrencies / Altcoin Discussion / Re: The Bounty Hunter Problem on: August 29, 2018, 09:57:00 PM
I would call it a dilemma, bounty hunters have 2 choices, either dump their coins one they got it or seriously but the risk of having this tokens plummeting is there. We have witnessed a lot of ICO campaigns never got to reach their ICO price again because of the sudden pump of bounty hunters.

But there are tokens worth holding but its really difficult for bounty hunters because we are in the bear season. Everyone is dumping as soon as they got their hands on their tokens. You can't blame them though, they have work very hard weeks after weeks so they deserved their payments.
6810  Economy / Marketplace / Re: Bitcoin/ Crypto ATM's on: August 29, 2018, 08:31:11 PM
Do people actually use these machines or is it something noone is really interested in? Please share your opinions.

https://www.statista.com/statistics/343127/number-bitcoin-atms/

I'm assuming based on the statistics on that website, people are using ATM's because its growing year-to-year. At a business standpoint, why would someone put a ATM when people are not going to used it?

So for me, people are actually using it but we might not have the statistics. And as crypto adoption grows overtime, perhaps people will find convenience using Bitcoin ATM just like regular fiat ATM in my opinion.
6811  Economy / Speculation / Re: When Will the Bear Market End? on: August 29, 2018, 07:40:30 PM
Bitcoin price is stable for some time , and it seems that this price dont go below his support line at 6000$, so It looks like the bottom has already been touched.
 If it is true , from now on we could only wait for bull market start kick in and see or this time it goes over  20000$.

I agree that there is a strong support along the line of $6K, but we can't really tell if we have bottom this year because everyone is waiting for the final verdict on Van Ecyk / Solid X ETF proposal. I know that everyone calls not to get excited or don't get infatuated with this hype.

But I'm seeing a short term effect if the SEC will (likely) reject this proposal. Panic selling will follow that's why I'm not totally sold on saying that we will never seen Bitcoin bottom again this year. Let's wait till the final verdict and see how it pans out in Oct-Dec 2018.
6812  Economy / Economics / Re: Will Crypto Mining Become Obsolete? - Recent Reports Show Its Decline on: August 29, 2018, 06:54:25 PM
No bitcoin mining will not be obsolete. What those company are saying that their sales are declining, and it coincides with the price of crypto plummeting this year. Last year they are booming and their boards are running out of stocks, even gamers are complaining that Nvidia and AMD GPU are very expensive because crypto miners are using them.

So its pretty obvious that there's some price correlation going on. But it doesn't mean that crypto mining is obsolete or something. Let's wait next year when crypto started to bounce back again, I'm sure that both companies will make a lot of revenues similar to 2017.
6813  Economy / Speculation / Re: $ 5,800 is the lowest threshold for Bitcoin in 2018! on: August 28, 2018, 08:10:58 PM
For now , that can be specified from the bitcoin price chart on Bitfinex available on Bitcoinwisdom. Bitcoin prices have fallen between $ 5,800 and $ 6,500 several times in 2018 but has never lower than 5800$ before it reachs 5800$ last year.
Source: https://blogtienao.com/5-800-usd-la-nguong-ho-tro-quan-trong-nhat-cho-bitcoin-trong-nam-2018/

As of the moment, I should say yes, its the last bottomed we seen. However, we still have the September news coming from SEC, so it might have a bad effect on the market if the news suddenly went on a disapproval.

So we can't really tell unless we see a dramatic rise in the next coming months and we can totally say that we are out of the woods for another bottom this year.
6814  Economy / Economics / Re: Huobi's Fierce Move to March Forward on: August 28, 2018, 07:51:02 PM
Huobi, an international blockchain asset firm, currently headquartered in Singapore and founded in 2013, has its offices spanned in the United States, Japan, South Korea, and Hong Kong.

After China’s nationwide crackdown on cryptocurrency exchanges and initial coin offerings (ICOs) in late 2017, the Huobi Group shifted its headquarters from Beijing to Singapore. Now, despite the declining prices of cryptocurrencies in 2018, Huobi appears to be moving forward aggressively with its expansion efforts.


Make sense for them to moved to Singapore because its crypto friendly. I think top exchanges have a plan B, just like Binance and OKex moving to Malta.

So I'm not surprise by their move, I wouldn't call it aggressive though, perhaps its a business decision on their end to shift their HQ to a more friendly nation like Singapore so that they can still operate without any pressure from the government.
6815  Economy / Speculation / Re: will the beginning of 2019 btc rise? on: August 28, 2018, 06:26:49 PM
Now the price of btc is starting to crawl up. It is possible to continue to rise until the end of this year. And at the beginning of 2019 btc will be better and will continue to increase.

I do hope that this rise is sustainable at least and not another bull trap. We have been expecting that Sept will be the start of something big and I think we are still on track. Everyone is excited to see the price being bump today but we cannot rule out that someone might be manipulating the price from behind so its better to observed how the market will go specially coming this September.
6816  Economy / Speculation / Re: BTC: 2014 & 2018 comparison on: August 26, 2018, 11:54:22 PM
Oh I did not analyse these chart ever, maybe because in 2014 I was not having any much idea about cryptocurrency so never had look on 2014 chart, thanks for bringing up this comparison, its seems that 2014 history will repeat in 2018 charts are looking so similar, I see current level of BTC as bottom, I am expecting a upmove from this level, good analysis.

Majority of us here doesn't know what crypto is back in 2014. I'm haven't checked the historical logs though, the last stop I did was 2016. But it like every 1 to 2 years we will have this bearish trend followed by a dramatic rise. So it history repeats itself we might see bitcoin going up next year.
6817  Economy / Trading Discussion / Re: Hodling on: August 26, 2018, 11:42:01 PM
Hello, everyone, I was thinking if it is still profitable to hodl cryptos. Having lost by a huge margin 70% isn't this Hodl just not working. I seem to have finally had enough. What do you guys think?

Its profitable to hold. But the question is how long are you willing to hold?

My guesstimate is that at this trend, we should hold for more than a year. It is expected that this trend will continue up to 2019. So if you are a holder, you should look at 2019 as the best year you will see good profits. Everyone lost at this bearish trend, specially if you are a holder. But no need to sell everything, have patience and I'm sure that we all gonna see a good returns specially next year.
6818  Bitcoin / Bitcoin Discussion / Re: ETFs are gone, now it's Bitmain IPO? on: August 25, 2018, 09:10:53 PM
I wonder no one mentioned about KYC. Bitmain are now enforcing to KYC if you are going to get hardware from them. The only reason I got is because of their IPO. Is Bitmain really losing grounds that they needed this IPO thingy? Or because of reportedly holding BCH, which drops significantly, perhaps they needed another source of funding right now. But I don't think it will have any impact to the price of crypto though. Might just put some hype, but that's it, nothing of significant to be expected.
6819  Economy / Trading Discussion / Re: Day trading and heavy manipulation on: August 25, 2018, 08:36:25 PM
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

Yes, its pretty obvious that you will see a huge jump then suddenly in matter of minutes the price goes -300%. So it really doesn't make sense to day trade.

Good that you look at it like gambling, very unpredictable and whatever tools you used are useless once those manipulators started to used their "magic wand" and turn the price to their favor.
6820  Bitcoin / Bitcoin Discussion / Re: China Cryptocurrency Ban Escalates on: August 23, 2018, 11:28:10 PM
And it really boils down to control. They are really suppressive and just imagine if crypto took off in their country. That's why I'm not surprised by this news and it seems they are really irrelevant haven't they? Although Bitmain still has the monopoly but sooner or later their government will take care of it as well. They really wanted to eradicate everything that's relates to crypto so its logical that Bitmain will be the next target and the puzzle will now be complete.
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