Quantum, As for SubStrata, the so called Master(bater) of the Universe, it is obvious that he is just an adolescent investing his allowance so he can buy another game for his X-box. He is unwilling to learn from those of us with experience, and insists on peeing on the electric fence for himself. You cant train a pig by wrestling him in the mud, because the pig likes it. As for the price of BTC falling: BTC is being sold to raise capital. The BTC price has closely followed the stock markets, where margin trading is the rule. For those that do not know what margin trading is, it means you pay 10% of the price and borrow the 90% balance at 2% interest. This allows a trader to buy 10 times as much stock for the same stake. If the stock rises, the trader either sells and pays the loan, or lets it ride. Since a trader has to maintain the 10% equity in the stock, if the price falls, he must come up with more cash to maintain the 10% level. This is called a "margin call". Bad part is that to fund a margin call, a trader will sell some of the stock, which causes the stock price to fall further, which necessitates further margin calls, and more selling, more margin calls, more selling, etc............ Anyway, the stock markets have reached what is called a "SIX SIGMA" event. That means an event with a chance of billions to one of happening. What it is is complicated, but it is very real. The smart money is exiting the market entirely, or is investing in physical silver, gold, or mining stocks. Oil futures are also popular due to the coming war and the expected $200 a barrel price for crude. There will be much happening in the world soon, affecting both the BTC price and XCR by default. Now that it has been revealed that the MH17 plane was shot down by a Ukranian AirForce fighter with cannon fire and an air-to-air missile, the fuse has been lit on the Russian Front. Cybercurrency will play an even more important role in the future. BTC broke the barriers, but just like MySpace, Lycos, and tape players, something better, faster, and cheaper always comes along and edges the old out. XCR has a great chance at being the one that bumps BTC off the top.
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JACKPOT HIT.
Who is buying drinks?
583163 2014-08-15 20:03:25 20568524.094792 JPC miningpoolhub JS3omrhUAtRs2vWkqt8TCoicbaJbPQ4Szf
But does not show on their block finder
The trigger should be 58162. 583162 Confirmed anonymous 16/08 00:02:47 (UTC) 207.58 20,589.11 850,255 648,421 684,625 80.52 reward still 20K.
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From Bter:
Notice: If you deposit less than 0.005 BTC, it will be accumulated and credited to your account until no less than 0.005 BTC received.
Could this be your problem?
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On a side note .. Anyone know why BTC network is so slow right now?
If you mean slow to confirm transactions, it may be because of the big miners. Transactions are supposed to be confirmed by the miners, but the amount earned from that was far less than using the hash power to mine. Most of the big miners are filtering out the confirm requests in order to goose their success rate on mining. It`s been almost an hour and not 1 confirmation... wtf? Strange no? Your own wallet, or a wallet on an exchange? Check the blockchain. You might not be updating, but still confirming Sending from my wallet to my NEW BTER wallet. Still unconfirmed after 1 hour. In that case, could just be Bter. I heard something about a little problem there earlier today.
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On a side note .. Anyone know why BTC network is so slow right now?
If you mean slow to confirm transactions, it may be because of the big miners. Transactions are supposed to be confirmed by the miners, but the amount earned from that was far less than using the hash power to mine. Most of the big miners are filtering out the confirm requests in order to goose their success rate on mining. It`s been almost an hour and not 1 confirmation... wtf? Strange no? Your own wallet, or a wallet on an exchange? Check the blockchain. You might not be updating, but still confirming
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JACKPOT HIT.
Who is buying drinks?
583163 2014-08-15 20:03:25 20568524.094792 JPC miningpoolhub JS3omrhUAtRs2vWkqt8TCoicbaJbPQ4Szf
But does not show on their block finder
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On a side note .. Anyone know why BTC network is so slow right now?
If you mean slow to confirm transactions, it may be because of the big miners. Transactions are supposed to be confirmed by the miners, but the amount earned from that was far less than using the hash power to mine. Most of the big miners are filtering out the confirm requests in order to goose their success rate on mining.
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You are not listening. There are 100M XCR right there at Bter but people are buying less than 10M, maybe even less than 5M. Unless there is at least 100M in buy orders it means a massive dump which would fill all existing buy orders - it can happen - would leave many with XCR which they can not sell, at all. It also means that those same people missed a chance to buy a shitload of XCR for as low as 1 Satoshi. Put differently, if you are holding XCR but do not have buy orders down at 1 Satoshi you are a proof XCR is not worth even 1 Satoshi - so why the hell you are still holding it?
Oh, I am listening, But your logic is flawed. You say that there has to be enough BUY orders to buy all XCR if it was offered for sale. Not true.
There can be no massive dump because:
1 ) no one owns that much XCR. Pre-sale had a limit of 15BTC
2 ) The value of XCR is still much greater than the price at 2000 satoshi. The price has yet to go below 1000 sats becuz investors know a bargain when they see one, and buy more at that price.
BTW, NXT is dropping in price. I wonder where the BTC is being spent?
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The point is some people are underselling there XCR in exchange for BTC thinking that BTER may pull a bankrun. Others are holding because they do not want to risk selling and not being able to get back in if things turn out favorably.
My point is that it makes no sense to "holding because they do not want to risk selling and not being able to get back in if things turn out favorably" in the situation when "some people are underselling there XCR in exchange for BTC thinking that BTER may pull a bankrun" and not have buy orders placed as low as 1 Satoshi. If you think XCR is not worth buying at 1 Satoshi or 10 Satoshi - which is what you prove by not having buy orders at those prices right now - you should sell all XCR you have. there are buy orders all the way down to a 500,000 order at 200 satoshi. yeah.. sure.. I can pump that if you want... just for fun! =) Yeah, post a buy order for XCR at 1 satoshi just to satisfy subHUMAN
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3. Gamblers just hold. If you do not have any more BTC to put up buy orders that means you are gambler, period.
I disagree. If you do not have any more BTC to put up to buy orders that means you are FULLY INVESTED. Investors hold for the long term, Gamblers buy and sell as the price goes up and down. subSTRADA was talking about traders... not investors. They are different! Problem is that you noobs think investor is someone who buys and holds no matter what which is not true. You are confusing PRICE and VALUE. Investors know the difference. PRICE is what you pay. VALUE is what you get. As long as the value is greater than the price, investors BUY. When the Price exceeds the value, investors SELL. Thats why, as the price goes down, investors hold, because the value is still there. Investors dont sell physical silver or physical gold, irregardless of the price manipulation at the COMEX. We recognize value, and take advantage of the low price.
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The point is some people are underselling there XCR in exchange for BTC thinking that BTER may pull a bankrun. Others are holding because they do not want to risk selling and not being able to get back in if things turn out favorably.
My point is that it makes no sense to "holding because they do not want to risk selling and not being able to get back in if things turn out favorably" in the situation when "some people are underselling there XCR in exchange for BTC thinking that BTER may pull a bankrun" and not have buy orders placed as low as 1 Satoshi. If you think XCR is not worth buying at 1 Satoshi or 10 Satoshi - which is what you prove by not having buy orders at those prices right now - you should sell all XCR you have. there are buy orders all the way down to a 500,000 order at 200 satoshi.
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Hey subSTRATA..... Why is it that those with the least to lose are the biggest complainers: I have exchanged my 0.2 BTC worth of XCR from maxmint escrow (bonus was 29 or 30%) to Bter and received 22846.2409 XCR - can someone confirm it is correct amount?
0.2BTC ? Apparently he sold everything. Checking his posts, I found that he throws flame bait in over 12 topics, several in Croatian. I was unable to find any post by him that gave helpful information or unique insite. Just flaming.
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3. Gamblers just hold. If you do not have any more BTC to put up buy orders that means you are gambler, period.
I disagree. If you do not have any more BTC to put up to buy orders that means you are FULLY INVESTED. Investors hold for the long term, Gamblers buy and sell as the price goes up and down.
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Hey subSTRATA..... Why is it that those with the least to lose are the biggest complainers: I have exchanged my 0.2 BTC worth of XCR from maxmint escrow (bonus was 29 or 30%) to Bter and received 22846.2409 XCR - can someone confirm it is correct amount?
0.2BTC ?
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Have they said if user data has been compromised everyone should change passwords
No, but it would be prudent to do so.
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I don't understand why you have to re-do the genesis block. If you created it and launched mainnet running on private nodes why not let it run until they are ready to go on line.
Can you explain this again?
Because passphrase from crypti bter account can be stolen. In result we need to change genesis block (bter old address to new address) and we will restart network. If so, its more evidence that the hack was an inside job. They had root access, not just a password hack of the NXT account. Bter is changing everything. This ^^. I don't see how a hacker could the passwords to access the NXT wallet even if he/she/they hacked the BTER servers. I bet it was not a hack, but unauthorized access by an insider, or someone working with an insider. They had the root password for the server, which gave them access to everything. Bter would be able to see this on the log files. The theft of the NXT is all we are told about... if they had root access, they would have been able to copy the passwords to the other coin wallets, as well as the passwords to every user account. It would be prudent for Bter to change anything and everything that the unauthorized access may have copied for future use.
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I don't understand why you have to re-do the genesis block. If you created it and launched mainnet running on private nodes why not let it run until they are ready to go on line.
Can you explain this again?
Because passphrase from crypti bter account can be stolen. In result we need to change genesis block (bter old address to new address) and we will restart network. If so, its more evidence that the hack was an inside job. They had root access, not just a password hack of the NXT account. Bter is changing everything.
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There are some medium sized buys at 1600 now. Is that you Quantum?
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Starting to think the 50m NXT theft isnt that big of a deal for BTER.
NXT price is likely to crash to sub .00003s(even better to 0!) and so the amount in btc they have to pay back will be reduced. BTC is also in the decline making it cheaper in terms of $ for them.
Did you ever speculate that the Bter theft was either an inside job, or was done with the cooperation/password of a former employee? That would explain how they know "alot about him" When the gangsters arrive, they will need to leave atleast one of his fingers unbroken so he can enter the password to send the NXT back.
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If BTER honors their commitment to distribute CRYPTI it will be the saving grace for their exchange.
They will lose the support of NXT and garner that of CRYPTI. Many people will be flocking to CRYPTI as the 2.0 of choice now that NXT is botched and the volume will be through the roof.
Lets hope so. I put a SALE in for a 1000 XCR at 4000sat on the first day, hoping to catch a surge. Now I have canceled it, but am still keeping my SALE set for 5000-10000 sats.
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