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BTG is a shitcoin so I never have opted for it. Now this scam made me realize that bitcoin is the boss and no other shitcoin can take over its place. When BTG listed in the market, its price was around $530 and since then it is only loosing its price. Now it is standing at $121 after scoring almost 7% loss in a trading day. I hope the crypto community will now understand that forks are not good for the bitcoin as well as for their funds. Stay safe and play safe, only with bitcoin!
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It is very much possible looking at the current adoption rate of bitcoin in to main stream economy. CME group announced bitcoin futures contract. Man Group announced a separate crypto hedge fund and Square payments solution has started usin bitcoin as a payment gateway among others. So if these ventures are successful, a lot of other companies will try to embrace bitcoin which will increase the acceptability as well as the credibility of bitcoin among the general mass. So if these incidents goes positive, there's no reason for bitcoin not to reach 10k USD by December.
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Saving Bitcoin in a wallet for a long time is there any risk? while for long-term investment I have to keep it in my wallet. Please advise...
I don't not see much risk in saving your bitcoins in a wallet for longer term unless there is a hacker attack. But try not to keep the bitcoins in an online wallet like coinbase or blockchain. Their policies keep changing and you may to be aware of such policy change if you are planning to keep your bitcoins for longer term. Instead try to use offline wallet like Electrum. Just download and install the wallet. You don't need to download the entire blockchain with electrum wallet as it is connected to a central server where blockchain is being downloaded. So whenever you open that wallet, it connects to the blockchain and whenever you close it, it gets disconnected from the online server. It's safe and you will have access to your private key as well. My recommendation is Electrum wallet. |
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So I'm watching ICOs and they are getting few million dollars, which is cool. But what if they need some specific amount of real cash, for marketing or development, like 100k or more. Is it even possible to cash out?
Cash out of any amount is possible, just need to find the correct broker who can do it. However, you have to keep in mind that, transferring a huge amount to a bank account may raise some alarm and the bank can report such transactions to the Anti Money Laundering department to find the origin of that fund. However, if a particular ICO is registered with the proper regulatory authority, such hassles can be avoided. Licenced companies are protected in many ways. |
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Guys how do you think, can we defend true bitcoin from Chinese miners?
I think they will continue to attack bitcoin in the future.
Also easy hardfork from bch looks like it's private data base and it can be done whenever.
That's all about de-centralization. No one has the power to stop others from mining or transacting in to bitcoin. If bitcoin was centralized like any other banking system, that would have been possible. But since it's decentralized, the community can't force their decision. It requires a serious level of intervention and crack-down from Chinese government which can stop miners to mine from their soil. No other person or group can do it. |
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October and November is crazy for bitcoin and overall crypto community. We have seen a lot of ups and downs and lots of positive and negative news during this months. While JMP and DBS bank chiefs are trying to discourage bitcoin users by saying it as a ponzi scheme, CME and Man group decided to venture into bitcoin. So a lot of contradiction of thoughts are going on around the market and the bitcoin price remained positive overall.
Now this another news is worth celebrating. Bitcoin is taking baby steps towards mainstream economy as more and more corporate companies are showing interest in bitcoin. I am sure that a lot of other companies are thinking about venturing in to bitcoin now. So the success of CME, Man group and Square payment will have a lot of impact on their decision. I see that the market has already started reacting in a positive manner after a small bad patch of BCH incident.
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We will have only 21 million bitcoins in supply by the end of 2023. That is the maximum cap for bitcoins in circulation. So it can't be printed like a government regulated currency. Only a fixed numbers will be mined and will be circulated.
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This is not the right place to post this topic. Please move it to "altcoin discussion". If you are not sure how to move a topic, please as a moderator to do it for you. Also ICO is a very controversial method of raising funds. I hope you will be transparent in dealing with the crypto community by revealing your address and the details of the people working in your company. The ICO market is full with scammers so a well-written "whitepaper" means nothing to us, if a company is not transparent.
I am not trying to discourage you here, but just setting the expectation right!
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It has become a common practice to launch an ethereum token and just dump it .
A new token and a new airdrop is being done every day. A new project is launched, then airdropped. A telegram group is created where all sort of big promises are made. Every one is asked to make donations or buy the coins on etherdelta to support the project and raise the price and when dev feels he just dumps all the remaining coins and vanish.
I just can't forget that evening , when I was having discussion with ethergold dev in their discord group, he made so many promises and I went ahead and bought 1 eth worth coins. Next day morning when I wake up , everything was gone. There was no website, no discord .
Now these guys have started a new thing, they ask for 0.01 or 0.001 eth donation for donation. They call it anti scam check.
Even though the B2X was called off that day, a B2X on ether was launched .
Is there a way to stop this. Can we take any legal action?
If someone takes a legal action against one of these I think it would set an example and this might stop. But I know it will not be easy as there are countries which have no or very week cyber laws. But still I want to do something about this. Lot of newbies get burned due to this. Its bringing bad name to crypto too.
ICO market has become very similar to ponzi market. 95 out of 100 ICOs are scam. They are just raising investment from the market by promising a great product but eventually runs away with the money. The legal action is not a particularly feasible solution unless you know the scammers behind it and their location. Only governments can pass a new law to control this illegal activity. China has already banned ICO, Canada has started cracking down the ICOs that are popping up from their soil and doing shady things. We need a proper legislative framework provided by the governments to cut down such illegal activity. Even though I don't invest in ICO, but I always try to check details about the developers before joining any bounty program. Good ICO with a proper future plan usually shares their developer details and the linked in profiles. Try to see the age of those linked in profiles and if you see that those profiles are recently created, avoid that ICO. There ate lot of ICOs who Don't bother to provide their team details, avoid them at any cost. Try to find real profile that are old in linkedin. They are less likely to scam people because their real identity is publicized. |
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I can't comment on the price it is going to score, but one thing is sure that, the market is going to see a very positive impact if CME finally rolls out the product. The recent pump and dump scenario created by the criminal trio is going to be doomed because they will need billion dollars to manipulate the bitcoin price. CME is a cash rich corporation so it will not be easy for anyone to play with the bitcoin price afterwards.
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Bitcoin is the pioneer of the blockchain technology and when it was launched, no other coin existed. So when the altcoins were built, it was built to cover the existing gaps of blockchain. The transaction confirmation time mainly depends on the block size and the block discovery time. So when altcoins were built, it covered that gap of existing blockchain and made more robust. That is the reason why every altcoin is faster than bitcoin.
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As on date, bitfinex cold wallet holds the maximum numbers of bitcoins due to the recent transfer from Roger Ver. However, check the link below to know more about the top 100 richest bitcoin addresses, https://bitinfocharts.com/top-100-richest-bitcoin-addresses. html I have added an extra space before the html. So copy the url and remove that extra space to view the link. |
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Hello, I have been reading on here for days and still cant figure out where to buy BTC for USD. See that many on here having issues with Coinbase and Kraken.
Any other legit places?
I personally prefer Localbitcoins platform for all my buying selling requirements. They are not a direct exchanger but they provide a platform and a free escrow facility to safely execute such trades. Once you log in, you will see open trade offers from your country. Open a trade request, then transfer the amount to the seller's bank account, receive the agreed amount of bitcoins to your wallet. However, don't try with a very big amount at the initial stage.instead do small transactions just to be on a safer side. |
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Yes, it is very much possible for Segwit 2x to take place in future. Segwit was called off temporarily as the stakeholder couldn't come to a conclusion (that's what was stated in the email). Looking at the current numbers of unconfirmed transactions, the demand for bigger block size may take momentum. But really we don't need a new coin created from the fork as of now. The real win win situation will be the activation of Segwit without the creation of a new coin.
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Why suddenly a newbie account is giving suggestions for not using bitcoin? I believe this account holder is being paid by those rich criminals who are trying to promote BCH and discouraging people from using bitcoin. The problem is with the miners and not with the common investors. Amidst the criminal attack on bitcoin network, bitcoin price is recovering. That shows how powerless your team infront of the global sentiment for bitcoins. Ignoring you from the core of my heart.
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The majority of the blockchain projects developed during last year was made by programmers sitting at their home with the hope of earning some free money by luring investors. I am sorry if I am rude, but that's true. Majority of the projects were developed with a short term goal of earning money without any profound future goals. Blockchain is not yet adopted by any notable corporation yet to see a major change in this percentage. That is the reason why I support strong regulation on ICO. A major percentage of ICOs are money making machine. We have seen a lot of ICO raising funds for some project didn't even see the light of birth. They just vanished with the fund.
We need stronger regulations and professional mindset for a blockchain project to survive and thrive. There are very few ICOs which is professional and has a long term goal with a proper business planning. Actually blockchain is still at a very nascent stage and people are still learning its proper implementation. The scenario will change for sure, but slowly.
I second that! The lack of professional thinking and the willingness to make a great product has taken backseat. The only goal is to make a good amount of money within a very short period of time has become priority. That's why we are seeing such frustrating statistics. China has taken a right step by banning ICOs because they were not able to regulate the entire business. While investing in any ICO, always check the developers linkedin details. Check the age of the accounts to identify fake and recently created accounts. Follow their twitter page to get more insights about their business. Once you see a product is actually managed by a professional team, then only invest. I have recently invested in Bananacoin and Bankex, which looked like a real business in backend. |
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Yes, BCH has become the second highest grossing crypto pushing ETH to the third place since today. The price increase was also phenomenal and totally unpredictable. Recently one of my fellow members has pointed out a reason which points it as an organized attack on bitcoin network by some mining pools. Read it here, https://bitcointalk.org/index.php?topic=2393479.0It will provide some good insight on why the BCH price is increasing and I totally agree on the same. Without some organized attack on bitcoin network, this rise wouldn't have been possible. |
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Probably that is the reason behind the recent rise in BCH price what you have illustrated in your thread. That's an pre-planned and organized attack from the mining pools who have ceased bitcoin mining and promoting BCH. So the price of BCH is running high on bubble and is not sustainable. Looking at the market cap increase of BCH, it is understandable that many people are investing in BCH to make some quick bucks. That will not run for long. Also the bitcoin price is quite low at this point and I believe we will get back a lot of investment in bitcoin because it's an opportunity for the people to buy bitcoin at a lower price. So bitcoin will remain the best for longer term, BCH is rising its price unethically that has to end someday.
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There's no proper answer to your question yet. BCH is scoring big numbers since last few days and their market cap is also going up fast. That increase shows that people are investing in BCH in big numbers seeing the growth. So that is not a bad idea to invest at least some percentage of your crypto portfolio in BCH. I mean, as an investor, we all want to make profits. So if we are getting an opportunity like this, why not!
But most probably BCH is riding on a bubble and it will burst soon. As a long term bitcoin investor, the majority of my crypto portfolio belongs to bitcoin only and it will remain the same. Because in long term, bitcoin is the best currency to hold.
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What made you think that bitcoin is a failure? Can you please explain your point of view here? Is it because of the segwit cancellation and recent dip in price? Or something else? Because from where I see, I see bitcoin as a revolutionary idea that can change the world economy for better. Obviously it has some flaws but that easily can be overlooked considering what it has already given to the mass. Bitcoin is not a failure for me at least. Blockchain is an amazing technology and we will see many application of this technology worldwide.
Just an fyi, that big management consulting companies like Boston consulting, Ernst & Young, Deloitte and KPMG have already started showing interest in this technology and started recruiting blockchain specialists for any future project that may come their way. A long and better future is awaited for positive people here. It's a revolution and not a failure.
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