Why do you think there not to be trusted? They just got a investment from goldman sachs.
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Is there a way to see how current percentage of people running xt over core?
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The app is super easy and user friendly.
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Most likely the halving unless all these institutions start using the blockchain for trading.
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There blog hasn't been updated since January. You think they would at least send out a tweet or something.
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Well when they get audited there going to have to prove they have bitcoins backing the notes. There on NASDAQ not some shaddy OTC pink sheets. There dumps seem counter productive as there taking down the price so there making less money each time they sell.
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Why doesn't it make sense? They issues 4400 coins in 12 days. There not stopping. So they could issue another 4k coins in the next 12 days so they need to have coins ready and in there possesion. Isueing notes with no coins to back them would be a big no no I'm guessing.
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Somebody posted when they first started trading that xbt provider had 4000 coins for initial backing. Well today they are at 880k notes issues which is 4400 bitcoins. Sounds like they had to move those coins over to xbt provider to keep backing notes sold.
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That simply won't happen. At 2009 prices a big player could simply buy most of the coins in existence for a couple million bucks. That truley would be the death of bitcoin and people would likely mine some altcoin.
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Makes more sense that xbt provider needs more btc to back there issued notes. I'm surprised knc is selling any bitcoins on exchange. Would make more sense to sell them with xbt provider.
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The infrastructure is being built. VC money coming in doesn't seem phased on downtrend. First step for adoption in my opinion is people will be using bitcoin without knowing there using it. Like circle will soon be transferring USD around the world but converting to btc for the actual trading process. And we need to just give institutions more time to start using the block chain and colored coins like NASDAQ has hinted at.
I'm very patient so I bought in with at least a 5 year hold plan. Currently I think people getting out now are going to be sorry. Sure I might feel different if price drops below $100. But you really need the mentality of the people that had bitcoins in 2010 and forgot about them for 3 years. Or you will go crazy looking at day to day price swings.
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Still overpriced right now. I'll wait and buy at 7-8 cents.
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Whenever somebody mentions bitcoin bank around here all the elitists come out of the wordwork to tell us how stupid we all are.
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Coins are kept on exchanges for day trading purposes.
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Would it be a good idea to remove all coins from any exchanges and pit them in cold storage before the fork?
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Big players are fine accumulating small amounts of coins everyday out of the 3600 mined. And doing so things are quiet and price stays low. Can only keep a lid on price for so long though.
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What is the average number during a normal day of unconfirmed transactions? And what number indicates a problem? Or do we just need to see how long it takes to confirm 4000 transactions? Theoreticaly at 7per second it should still take less then 10 min?
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Cheap is a relative term. If price keeps crashing current prices will be considered expensive.
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Unlike gbtc, bitcoin tracker is tied to USD/btc value. Sek value is irrelevant. You can see on there website they average 3 exchanges to get the price.
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What will price be after drop?
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