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Someone from Reddit commented - Bitcoin's GREAT decentralized consensus decide by 6 developers who talked the market up from $500 to $7500. Epic case study of Centralized Decentralized Blockchain Open Source Technology  This is shady i feel like a huge market manipulation today. But the segwit2x cowntdown still on. Donot know what that means |
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Don't you think that today's crysis with cryptocoins is happening not only because of the enormous BTC pump, but also because of the fact that "mining" in traditional understanding technologically and mentally is not suitable for such a dynamic and effective thing as the cryptocoin? What do you think about this?
Should we do our best in order to find alternative ways and models of mining in order to revive "mining" or it will be gone forever?
Your statement has too much impatience, I am sorry but need to tell you this is why people lose money. If we can check our books we have already noted at the end of september that BTG and B2X on oct and now will pump bitcoin. ANd altcoins will suffer untill fork. So why are you saying this right now. Just wait after the fork all things will be normal as usual. |
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Yeah for now as we are in november we need to keep buying ,
1.Cause the great b2x fork i on the way.
2.The new year is comming.
3.Price will skyroket in 2018 for sure.
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And its right now approaching 7500usd.
I will not be surprised if it continue to go on and hit 10000usd by the end of this b2x fork.
happy trading.
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Everyone does one common mistake and that is to store coins in one place or one wallet.
Cause they think of the transaction fees.
But on long term if you save bitcoin in different wallet.even one of your wallet gets hacked.
You doesnot loose all.
I have 5 electrum wallet personally.
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Yes absolutely with the effect of bitcoins and block chain the traditional day to day usage of wealth transfer is changing.
We are still in very early stage ,bit bitcoin will sure grow to huge not only in value but also with technology.
We may then see day to day use of bitcoin in our life.
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I hope someone can help me with what to do now (because I want to use my BTC now but want to get my BTG when it is supported on the ledger nano s), I think more people want to know this: So: On ( https://www.ledger.fr/2017/10/25/status-bitcoin-gold - as-bitcoin-block-491472/) it says:Since the replay protection mechanism is unknown, it’s recommended to stop transacting on the Bitcoin network if you think your assets on the Bitcoin Gold network could be valuable. Can I now move my BTC out of my ledger nano s wallet and still get BTG when the wallet supports it (it doesn’t, yet)? Solution??: Maybe by sweeping my BTC into another wallet then send it somewhere (and how do I keep the old keys of the wallet where BTG should come to?) If someone know a step by step to make sure that everything goes wells , would be appreciated. Yes you are right BTG promised that there will be replay protection but they failed to do so. but there is a way how you can use bitcoin. 1.1st buy a little ammout of bitcoin from any renouned website or from some one you useally buy bitcoins. 2.send this bitcoins to your main wallet address . 3.example if you have 1 btc before the snapshot of BTG .now send another .1 btc to this address. 4.Now you can spend your bitcoin from your main wallet cause that previous 1 btc only had the risk to replayed . but now as you have 1.1 btc it will not get replayed. 5.and you still get the btg from that old bitcoin address as the snapshot is already there. hope this helps you. |
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Bittrex, the US-based Bitcoin and altcoin exchange has announced its official position on Bitcoin Gold. The exchange, widely regarded as a substantial player in the marketplace, had previously hesitated issuing a formal statement. However, with the hard fork just a short time away, Bittrex has finally clarified its position on the coming fork. Per the statement, Bittrex will perform a ‘wallet snapshot’ at the time of the hard fork, which will occur at block 491,407. At that time, each BTC will receive an equivalent BTG. According to the statement: “If you have a Bitcoin (BTC) balance on Bittrex during the BTG snapshot block 491,407 occurring approximately on October 24, 3am PT (10am UTC), you will be additionally credited the equivalent amount of Bitcoin Gold (BTG) on a 1:1 basis. i.e. 1 BTC on Bittrex held during the on-exchange snapshot will get you 1 BTG. BTC held on orders will also be credited. Only the BTC held on your account is eligible for BTG.”WarningsThe exchange’s statement gave users a number of warnings about the forthcoming Bitcoin Gold currency. To wit:
“Bitcoin Gold does not currently have:
-Fully formed consensus code
-Implemented replay protection
-Adequate code for testing and auditing
-Publicly known code developers
Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.”Bittrex noted that Bitcoin Gold does not meet the necessary requirements to be listed on its exchange. They also pointed out that taking a snapshot of user balances is extremely disruptive and they will have to suspend all deposits and withdrawals 24 hours before the snapshot is taken. Nevertheless, in spite of Bittrex’s reservations about the currency and the difficulty involved in creating the snapshot, the exchange appears committed to ensuring its users receive the appropriate amount of Bitcoin Gold. https://cointelegraph.com/news/bittrex-issues-official-statement-about-bitcoin-gold-warns-usersif we can omit the warnings its actually a good news and we hope that a new market will open in bittrex also. I personaly donot trust youbit thats why not dumping my coins to it. Right now i am holding my coins in electrum wallet. But i hope by the november 1st BTG will short out their issues. |
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What can you say about Prince Alwaleed bin Talal of Saudi Arabia's statement that bitcoin will collapse like Enron? Do you guys think that it will a significant value on the prices?
Woww did he just did that,i wish fool people sell their bitcoins by this statement aand by that it price goes down again. I really want to buy bitcoin if its price is at 3000usd. I wish people become dumb again...lol. just kidding..this statements are just a way to control the market they want us to sell bts so that they can buy bits in cheap. hope you understand this and donot fall for the trap..  |
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My biggest regret is when I got introduced to this back in 2012, I tried to buy £200 worth, the platform was down and I never bothered, just recently woke up to it again at over £4k per coin, it is a physiological thing where I don't want to buy at that price.
You and i are in the same boat mate when i 1st see bitcoin it was worth 285usd and look at this right now. actually the truth of life is if you have longer vission that 90% of the people arround you you will win eventually. And we are normal people we cannot even predict what will happen tomorrow...  |
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Crazy!
I've seen today 5600$, 6008$, 5900$, 6060$, now it is 5975$.
I wonder what is true reason behind this. Bitcoin gold airdrop or something deeper?
I think it's segwit2x that makes this changes as per my knoledgs segwit2x will be be have a starting price of 500usd as estimated so if you only hold 2 bitcoins right now you will get 100usd for free +the bitcoin gold obviously. I am buying bitcoin as much i can today i bought 5 bitcoins tomorrow i will invest more .lets get everything shorted before 25th..  |
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I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
the amount of bitcoin trade on the goods or services is because everyone wants to make a profit, for now it's still not bad, maybe next few years will have a bad impact, but I do not know whether it will have good or bad impact now impact as a community is a positive impact Yes you are right actually the big fluctuation in bitcoin market is the main reason for it to be considered as a investment and not a currency .Everyone wants to be profitable and the big swings we can see in bitcoin market can seriously make any normal person a billionaire and there are many real cases like this.being said this yes on the down line over next few years when bitcoin gets more stable it can be used as currency. But for now its rare. |
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