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13fc7Ti76Cu4KrEvmLkCSLEYWi1pu4J4AR
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I'll be honest with you -- i was considering selling a portion of my coins,
expecting a crash during this period of great uncertainty, but now i'm strongly leaning
toward holding all of them.
We may still see a sell off.
But, my thoughts are as follows:
- Populist movement of BU means community is NOT letting Blockstream/Core get away with their agenda... In other words,
not letting them cripple the network with high fees and slow confirmation times, which would kill the utility of Bitcoin
and give the business to alts. This is VERY good news. Even with multiple node crash bugs, BU hashrate is rising. Miners can see the writing
on the wall, they would rather use buggy BU than roll over for Core.
- Big whales already sold off a lot of coins
- Network split likely not to happen. Core will capitulate and give the community bigger blocks or emergent consensus
because that is what people want -- even luke jr's own straw poll advocated this in the event that hashpower takes
over. Core will save their ass even if they can't save face and at least try to remain as the "main" repo even if they
have to raise the blocksize.
- Already seeing alternate patches like Core + EC
- $1000 price now seen as support. Dips below $1000 will be bought. Also good timing with Chinese controls --
too late to get out now. Only panic sellers will want to cash out at under $1000. Big upside reward to hang
in there.
- Everyone knows there will be a huge rally after the tension is settled. Whales will be buying back their positions.
Smaller investors too. No one will sell.
I strongly agree with you. Price hasn't moved much even though there is obviously a lot of negativity within the community. The price has never stayed below the level of $1000 for over a period of more than 2 days in the whole of March, which is really crazy if you think about it. I wouldn't sell any coin either right now. After all, bitcoin core + bitcoin unlimited value should add up to the previous bitcoin value. So it doesn't make a difference. |
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Now, actually is the best time for shorting! I have try to figure out price movement for the past two weeks an find out that the only people making it big as a traders are the margin and leverage traders, the buy and hold are having difficult times as the uncertainty is high. BTU maybe seen as a negative sign for bitcoin now but with time we would all see the good part of it.
I don’t think so… I would just hold bitcoin for the time being, don’t think that margin trading is a good idea. It’s just a pure gamble because you can’t take out the loan forever. Bitcoin has to crash by more than the loan rate you took out per day for you to make any profit at all. I mean maybe i just haven’t got a good experience with shorting altcoins in the past. I shorted Dash at around 0.04 BTC thinking that it would go down in value for sure, but it surprisingly got up to $100+ apiece which made me lose over 1.3 BTC. Anyways, i think that if you want to be safe just hold a few bitcoins and sell a few bitcoins for USD for a short term and buy back in later when the price is lower |
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If I have 0$ at the moment can I make 100$ in 2 or 3 months? How?
What if I deposited 20$ .. Can I make them 100$ in less time?
Well there are a lot of ways to earn off this forum. The most common way in your instance should be to join a signature campaign and essentially slave labour for the big bitcoin companies to advertise their sites, lol. But shop around, you can get usually better offers just by shopping around for like 10 minutes and looking at the terms and conditions of every campaign on offer right now. If you had $20 it really doesn’t help because that’s just such a small amount you can’t do anything with it, you can’t invest it, you can’t trade with it. If you want, you could gamble that $20, although you’ll probabaly lose. |
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When we can have both btc and BU co exist, why not treat BU like another Altcoin similar to btc?.
Why can't both compliment each other?
I think it would be a good idea to list Bitcoin Unlimited as an altcoin because it is not the original bitcoin. I mean it is pretty much against what satoshi originally thought bitcoin was going to be and it is developed not by the core team. I’m not commenting on whether or not the fork is superior or not, but the name bitcoin should be reserved for the bitcoin core team in my opinion only. Bitcoin unlimited should be called bitcoin unlimited into the future, and be traded against the actual bitcoin on major exchanges. Most exchanges have already commented on this as well. I dont get it.
I have read so much yet I cant still understand.
They say it is an altcoin but alts should have a price right?
Some say it is part of bitcoin, if that is the case then there should not be a price for this or else they will be a competitor.
If they will get their profits through bitcoin only then I can't say they are an alt but more like an option to transact.
Which is it really? Can someone make it clear?
I'd lean to BU as altcoin but others may disagree. |
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BTU tokens is stupid. Anyone who buys this is asking for it because good chance fork WON't happen and they're holding ghostcoins that won't ever exist.
Maybe you get lucky and sell to the next greater fool?? very dangerous
SMH
Yes, Bitfinex has started trading these tokens but right now you cannot deposit or withdraw BCC nor BTU tokens which makes them quite sketchy…. There is nothing to back them except for Bitfinex which is probably running on fractional reserve to be honest(most exchanges are). So BCC + BTU should be around the value of 1 BTC at current prices. It is a great tool for speculators and traders, especially if they are experienced. However if you are just an average bit coiner then you shouldn’t really use it. |
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Hi All
Simple question.
Do I heed to do something with my coins before and if there is a fork or any other change?
Thanks
Nope, you don’t need to do anything in a case of a hard fork. Let’s say that you have 10 BTC in an address that you hold, when the fork happens, you’ll have 10 BTC on the Bitcoin Core chain and another 10 BTU on the bitcoin unlimited chain. Pretty sure that if you hold your coins on an exchange most of the exchanges will reimburse your coins to you in the form of both BTC and BTU, except if your coins are on loan for margin trading on Poloniex, I believe. If you only want one version of bitcoin, then you can sell your BTC for BTU or BTU for BTC after the fork. |
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What if World War 3 breakout ?
Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?
Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens
I think that bitcoin is more relevant in a hyperinflation scenario than a total war and destruction scenario because bitcoin is a good store of value much like gold. Bitcoin has been dubbed the digital gold by many people. When electricity is cut off worldwide and countries can’t communicate to each other, then really bitcoin is worthless. Bitcoin is built on the internet. If the internet doesn’t work anywhere then there is no way that you’re going to be able to send any amount of bitcoin. |
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It occurs commonly in chinese exchanges.They generate fake buy and sell orders to show increased trade volume.Chinese exchanges always try to dump the bitcoin price whereas other exchanges try to show bitcoin price as increased.
OKCoin and Huobi do have pretty exaggerated figures at times that they look artificial and faked. However there is no proof to back them up at this point in time. I doubt that we will ever find any proof of them either faking volumes or not faking volumes because they are the operators of the site and they are able to provide any information whether false or true to the public, meaning that we can’t accurate decide. But considering that the chinese government is putting on more restrictions, and keeping an eye actively on these trading places, i would say that there is less chance of volume faking happening. |
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Someone has said bitcoin is of no value, in my heart I think they said is wrong, I always think that bitcoin is valuable, but I didn't understand what is the origin of the value of bitcoin, why accept more people, its value will rise? If you have other ideas, please discuss.
Well, ask yourself what is the origin for the value of the USD or the CNY? People put trust into the currency, they trust the government to do the right thing and not inflate the monetary base too much, although that isn’t really the case in most world governments. Same with gold, its status as a century old asset to hold your wealth in is what gives its value. People trust its ability to hold the value of their wealth. Same with bitcoin, its status as the first cryptocurrency will forever make it valuable. |
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https://news.bitcoin.com/chinese-central-bank-requiring-extreme-customer-verifications-at-exchanges/I know we're talked about endless rumors and fake news of China "banning" bitcoin, but short of an absolute ban this sort of thing looks like a step in the direction we have long feared they would take. A big step. The PBoC is apparently requiring every customer to write out how they got their bitcoin, among other things, such as explaining why they are withdrawing whenever they want to convert to fiat. Very, very intrusive stuff. The question is, how will Chinese buyers respond? Is this just business as usual when dealing with their government, or is this the sort of thing that will dry up the Chinese market for bitcoin? Or something in between? That's just pretty sad. I mean, let's face it, no one is going to be able to provide docs that in depth. Bitcoin is supposed to be anonymous and we all know that people use bitcoin for all sorts of questionable things, and what the People's bank of China did is definitely going to cut into the trading volume huobi and BTC china has established in the past. But that doesn't stop P2P trades from happening - people are still trading on platforms on localbitcoins, in fact increasingly so. Wouldn't be surprised if the Chinese desert these exchanges for the P2P marketplace. |
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Whoah, thats a shit ton of coins. I'd be lucky if i could touch that many coins in my entire lifetime, lmao. I don't think that Roger will take the offer, because personally I believe that bitcoin core will outvalue bitcoin unlimited after the hard fork. Simply because there are more nodes for BTC than BTU currently, however it could change. Right now on Bitfinex there are BTU futures available. However they are only worth 0.25 right now. Would be interesting to see what Roger comes up with. |
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Increase of BU adoption causes another 20% loss in value for bitcoin.
The question is when will it stop crashing? WILL it stop crashing?
The hard fork hasn't even happened yet and people already realize Bitcoin core is done.
Bitcoin Unlimited is gaining a lot of hash power. In fact the Chinese miner Chandler Guo has vowed to switch to Bitcoin Unlimited, which will probably increase the total BTU hash rate to over 40% or even 45% when others follow suit. Still, most exchanges say that they will only honor bitcoin core as the real bitcoin, so all deposits and withdrawals will be processed as Bitcoin Core and also the name BTC will be reserved for bitcoin core. Bitcoin Unlimited will be listed as an alt coin on most exchanges. Bitcoin is steadily recovering. I don’t think that it will crash any time soon, it’s already up to $1100 yet again. |
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I see all these money making guides on this forum,
but I wonder has anyone actually Ever made anything from these guides
You should look at some of the threads that are on this forum and see for yourself whether you think they are legit or not. Most of them offer vouch copies as well, so if you can try to get a few vouch copies, and see what the typical guide is like and see if it helpful to you or not. Most of the times you’ll find information that is either obvious or doesn’t help with money making at all, but there are some guides once in a while that are actually legit. And make sure that you are only getting white hat guides. Grey hat and black hat guides can really get you into some big trouble. |
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There's already been a few threads on this, but it seems worth warning people again. Cloudbet is refusing to allow me to withdraw my funds. I've been trying for 5 days now, had multiple support tickets closed without response. I've included their latest response below. Note that they are citing two "rules" that are nowhere documented on their site.
1. You have to make a wager (I did)
2. You have to withdraw to the same bitcoin address (I no longer have access to that wallet)
Fortunately, my case is "only" .15 BTC so not that big of a loss if I can't get it. Either way, I won't ever be using their site again -- good luck to you if you do.
--------------------
Adrian (Cloudbet)
Mar 21, 12:08 UTC
Hi,
Thank you for contacting us.
We notice that you have deposited and are now submitting for a withdrawal without having made any wagers. Can I ask that you explain your reasons for doing this?
If you wish to withdraw without making use of Cloudbet's services, you will need to withdraw to the same wallet address that you made your deposit from. Once this is done, please contact support again and we will check the destination address.
Best regards,
Adrian
Cloudbet Support Team
Cloudbet should really step up their game and stop seizing people’s funds for nothing. You haven’t stated the rules in your terms and conditions, the player has not cheated you out of anything(at least according to him), he has not done anything that is illegal to deserve his funds to be seized. The whole point of using bitcoin is to have instant deposits and withdrawals. On your site you claim that you offer instant withdrawals most of the time, but my personal experience with you guys say otherwise. I wouldn’t recommend anyone use Cloudbet… Their reputation is pretty bad as Yuuto said. |
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Well, good point ha! I guess I have to grab more bitcoins today... can't wait to sell @ 1,200  Definitely a good time to buy in. The price is still relatively low after the recent price drop, but i doubt it is going to stay this low for a long time in the future. It is only a matter of time before people see bitcoin under $2000 as a steal. Obviously, it is not as good as $950 which was an obvious point to buy in and make an easy profit. However, it should still go up in the future. Don’t bother investing in dodgy altcoin ICOs in my opinion as these are a waste of time and most of them have no real value and are scams. |
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With 1000 dollars each, it seems that bribing with bitcoin would be a good idea. One USB stick will do the job with no third party required.
Bribing is illegal to do mate, i don’t think it is a good idea to ever get into bribing officials and all that. Law enforcement will eventually catch up with what you are doing and you’ll go to jail for what you’ve done. The problem with bitcoin is that all transactions are public, if you were bribing someone you should probably do so with cash instead. If you are just wanting to use cryptocurrencies, then use Monero or Dash for private transactions… Using bitcoins to bribe is not only illegal but unwise, lol. There are many weird services that are accepting bitcoins out there. So I don't think there will be any issue to use bitcoin as bribing  Lol, the problem isn't how to spend it. It's that bribing is illegal and using bitcoin doesn't really help avoid that. |
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The market is full of Casascius coins all of a sudden, what happened?
Is this a function of lower confidence in bitcoin post ETF news? Is this a result of the USD conversion to Bitcoin dropping, making these coins appear more affordable and easier to sell? Or is it something else all together?
I hope the buyers come out in full force too!
Not really sure. However something listed more than usual doesn't really mean that people are losing faith in bitcoin. I'd say that the general enthusiasm for collectors of physical bitcoin has increased, there is now a bigger market and the coins are more liquid. There are new players emerging in this market. I mean, who doesn't like treat that's shiny and bitcoin related at the same time?  |
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I am purchasing a 500$ gift card on Localbitcoins.com and I was wondering how easily are these charged back? I know they are cheaper than stated value for obvious reasons but, how easy is it to charge back these?
My personal experience with Vanilla Gift Cards is that as long as you get it from a good source, a person that is trustworthy you shouldn’t have a problem with them. However, you should definitely seek to buy these Vanillas for a lot under spot price, as they are perceived as quite risky and are pretty hard to cash out. I’d say that the best way is to spend the gift card first, before you released the escrow from Localbitcoins. Also, make sure that you get a photo of the Vanilla card in real life with a few words saying something along the lines “localbitcoins purchase” with their contact details and name on it. Good luck dude. |
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