I think it will. It forks hard, already hit 6k and set to rise. I think it will slow up though, it's got to as some point.
so far the rise has only been increasing in speed for a couple of years. ever since we got rid of the Mt Gox depressive market the price has been rising and each month the speed of this rise increases. then we have the adoption to add to the rise speed which means it will only speed up more. however, we may see some downtime for a short period of time because of some Fork drama or some FUD or something but they can never last long enough to be considered a "stop" for the rise. |
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any operating system works fine, even windows with proper precautions can be safe enough. but it depends on what you need to do, what level of security you need and also if you are familiar with linux and willing to learn it because if you don't know basics of using Linux in my experience, you can even end up losing money.
as for security just choose one of the distributions that you like to use. Ubuntu is popular, Mint is also popular, Tails is also popular because it has Tor integration.
also remember that the most secure system + wallet is the one that is following the cold storage guidelines. (aka clean system, never connected to internet)
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I am happy as you all for reaching $6000.
But I am worry about the crash in 2018!
Reason:
1- Only bitcoin from all cryptocurrency is moving far far away from all other coins.
2- Ether is moving slowly up and steady.
3- As we are all aware 2/3 of all high profile ICO either are scams, or legally scams to be announced.
4- At least 3 from $50m + raised ICO are having problem executing!
5- EXCHANGES..EXCHANGES...EXCHANGES...THESE ARE THE TICKING BOMBS..
none of the things you said here have any direct effect on bitcoin price that warrants any reason for a crash or causes some concerns for a crash. some of them have some indirect effect such as exchanges, if they get hacked but it is "indirect" because it still has nothing to do with bitcoin and such cases never cause any big or even long term issue for bitcoin any more. the days of MtGox being only bitcoin exchange is lone gone and now exchanges consider themselves lucky if they have anything near 10% volume of total vol. other stuff such as ICO are just irrelevant. |
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Good article in the merkle and thank you for posting. I see on the bitcoin gold website they state on their comparison table that they have replay protection https://btcgpu.org/no they don't have it. go on their github page (you can find the link to it on the top right corner) and check out the issues page. they were saying they are working on a replay protection but a couple of days ago it changed to a bounty for someone else to start implementing it! so to this date they don't have it. it may be done by tomorrow and be implemented though. that is not unheard of. edit Wait, you offer 150 BTCgold for a bounty? How would they pay for that bounty now?
it is 250 + 50 BTG and it will be paid from the premine  16000 blocks * 12.5 BTG = 200,000 BTG |
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News coming out of Japan has it that authorities in that country are considering a ban on ICO’s. How would this Action impact on the prospect of Bitcoin and other cryptos globally.
yes they could and also they will surely soon ban ICOs. they are not legal in any country to begin with, it just leaves making the illegality of it official. many other countries have also moved ahead with making ICOs illegal and some others that are left behind will soon follow steps. this has no effect on bitcoin whatsoever because bitcoin doesn't have any ICO and people participate in ICOs with other tokens, mostly with ETH. so it may affect those instead. |
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meh, bittrex is not a good exchange anymore they are acting very strange lately. and you have to give them a lot of your personal information just to be able to trade tokens or they will ban your account and take your money for themselves. there are already thousands of accounts banned by bittrex because of this. and for what its worth these are currently exchanges and pools and wallets that are supporting bitcoin gold or released some statements about it: http://btcgpu.org/#ecosystemNo more than 0.1% account has been locked by the bittrex and what's wrong? Did you hate bittrex caused by that thing? A lot of people are still trading in there without get any problem. 0.1% is what they claim it is. and no i didn't used to hate bittrex, but they banned my 2 year old account all the same without giving me any notice first. so now my bitcoin and some altcoins i was planning to sell are all stuck there without any response from their support for days. cryptsy, mtgox, btter, and a lot of others weren't bad exchanges either and i never hated them but they scammed us all the same. |
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meh, bittrex is not a good exchange anymore they are acting very strange lately. and you have to give them a lot of your personal information just to be able to trade tokens or they will ban your account and take your money for themselves. there are already thousands of accounts banned by bittrex because of this. and for what its worth these are currently exchanges and pools and wallets that are supporting bitcoin gold or released some statements about it: http://btcgpu.org/#ecosystem |
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the fist step which you already missed is to create something useful. innovate!
just copying bitcoin code is not going to help you magically create a new useful thing that becomes popular. you are currently creating another altcoin in a sea of altcoins hundreds of which have done the same as you.
by the way the mining stuff was removed from bitcoin core because nobody can mine bitcoin with CPU or GPU anymore and there is no solo mining. and if you are forking like BTG and BCH you have to have that in mind because you are taking the difficulty with you.
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looks to me like this rally is over and we have to wait until after the bitcoin gold fork for the new all time highs such as $6500 to happen because price started going the other way today.
this is a good time to pick up those altcoins which crashed in the past two days on the exchanges that support bitcoin gold fork. buy them at their bottom and dump them in a couple of hours or in 2 days and keep the bitcoin so that you can get the bitcoin gold too.
that would be thrice profit: from dead cat bounce of altcoins and BTG airdrop and also keep out of the bitcoin correction.
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Bitcoin Fork is much cheaper, and a sure way profit than launching an ICO. IF WE CAN ONLY Stop these lame whales from creating different BTC variants. We can prevent the appearance of sprout BTC clones.
i don't think so. forking bitcoin is actually a lot harder than launching something from scratch and certainly a lot harder than running an ICO! first the coding for bitcoin is harder than ICO creation which a newbie can even do! second is the mining of any fork that come from bitcoin. if you don't have someone like Antpool behind you, then you can not make something like bitcoin cash fork. and as i said coding for bitcoin is much harder if you plan on changing the mining algorithm like BTG is doing. |
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we can only talk about the forks when they are very close to us. for example we never knew how the bitcoin cash is going to be 2 months before it actually happened. but we clearly knew it 2 weeks before it happened.
the same goes for bitcoin gold, right now we know it is an altcoin with a big premine and a lot of incomplete tasks. they don't even have the replay protection. the developer even lied about it being work in progress but now they have put up a bounty for someone to start implementing it!
it will be true for all the future forks too. you always have to hold your coins in a safe place that you control the private keys and then educate yourself to be able to choose a fork on your own not just what you read on the forum or reddit,...
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these things never cause any significant price rise for bitcoin. people may speculate about them and expect those people in those places are going to start buying bitcoin and that "expectation or speculation" causes some rise but it won't be big.
there has been a couple of somewhat similar stuff. much bigger than this, with a lot of news coverage and they didn't really change much. mostly because people don't know about bitcoin, and those who do know don't run to invest in it all they have, they still go to other things like gold and some small part in bitcoin.
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Not again. Now even he might try his level best to drop the price of Bitcoin and when he will be successful in doing that he will also buy tons of Bitcoins just like others did .
Ya I think so.You can expect to see the low price at the November.But it's not a permanent,it will again increase.Use that dip and brought the lot of bitcoin as much you can.If so,you will get good profit after the November.But you have to keep for some time.You have to inverse the unused money in that ,to work independently and get good profit. fluctuations are pretty common in bitcoin, the reason for these dips and rises are not important. and speaking about bitcoin versus gold, all these short term fluctuations become irrelevant. what matters is the security and the long term performance of that thing. and bitcoin has the most security that you can wish for and so far it has been performing phenomenally! it is still considered risky because of the big swings but that risk is decreasing as the market grows bigger. |
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this is a good news. and all the other countries will also ban ICOs and soon any kind of fund raising through ICOs will also be banned. maybe this way we can see this new method of scamming people be eliminated for good.
i also speculate a lot of price rise all over the market if that happens because ICOs have been taking a lot of money in. and when they get banned all that money has to go somewhere. most probably majority of it goes back to bitcoin and some part will also be distributed among other altcoins.
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How about wallets. Anybody know which wallets will support BTG?
no bitcoin wallet supports bitcoin gold and they never will support it either. the same as bitcoin cash you will have to visit their website which is btcgpu.org and download the clients they offer. so far there is nothing to download because it is not even ready. and if it becomes ready there will only be their full node which is like bitcoin core you have to download and use. |
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in other words "are you willingly going to invade your own privacy" LOL.
and there is no practical way of doing that by the way. because first of all you shouldn't be reusing bitcoin addresses to begin with so every transaction means having a new address and maybe you are just transferring bitcoin from one wallet to another (like from your hot wallet to cold storage). it becomes a mess to explain all of it.
any taxes is usually either on "profit", like trading profit which is 100% clear since you do it on a centralized exchange, or it is from mining, again should be nearly clear, or offering a service like owning a business which is again clear.
and AFAIK it is the same as fiat. you don't pay taxes for holding fiat, but you do pay taxes if you have a shop, or if you buy a house.
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if you can sign up on other exchanges that offer USD pair (real fiat dollar) then do that. there are enough of them that are trustworthy, Coinbase (GDAX), Krakane are examples of these. and trade like that. if you are afraid of the bitcoin drops just sell to fiat and hold the fiat there to buy back in a short while.
if you can not sign up in those exchanges for any reason! then USDT (tether) is the last option that you can consider for short term to go in and out of, fast. but never trust a centralized altcoin like that which depends a lot on one company that can go bankrupt or even become scam overnight.
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Every time someone announces one of these YOLO moves, people have to come out of the woodwork and be FRWs (Financial Responsibility Warriors).
FFS, what nannies everyone has become. If it's not the world's Governments, Bankers, or Financial Gurus telling you what to do with your money (or how to spend it), it's your fkn fellow man. And typically it's unsolicited financial advice from the guy next to you that doesn't have a pot to piss in.
Just stop. Let people do what they want.
God forbid this family actually scores big time. Like poor miserable crabs in a bucket, everyone else wants to pull the escaping crab back in.
What a great idea, let's brainwash our fellow man and eliminate all big risk taking in our modern society, that way no one ever will.
Except, ya'know, the wealthy elite oligarchs of this world that control everything. They don't give a shit what other people think. They take big financial risks every single day, and reap the rewards and get richer, while Average Joe gets poorer and poorer because he doesn't take any risks. Ever.
And what about that guy that sold his house for bitcoin in 2013 and went all in? Who is laughing now?
it is different risk taking levels! some people take bigger risks, they sometimes get the reward for their "leap of faith" and sometimes they ruin their whole life because of that big risk they took and will be forced to start from scratch. which one of these you choose depends mostly on your personality in my opinion. i for example will never do what they did. what if bitcoin dropped? they are living in the streets and watch their investment go down! it is not unheard of for bitcoin to lose something big like 40% of its value and stays down there for at least 2 months. who will be laughing then? |
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lots of contradictory news coming from Russia and being heard from bitcoin-news sites makes me doubt anything that i read about Russia. there is a good chance that it is all a lie, and exaggeration of truths. and we already know that bitcoin-news sites are all crappy click baits that publish anything without checking the facts about it.
if you found anything written in Russian and published by the government, officially, then you can trust it. otherwise it is all a lie and whoever repeats it are trying to spread FUD.
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you should do whatever feels more right to you. you said you already tried so you have some experience, some taste of each one. it should be easier now to choose between them.
if you ask me i choose both.
but i choose my timing better. i mostly hold bitcoin and never day trade it. when i see i can predict the market well enough, i start trading. for example sell before a dip and buy back when i feel like the dip is near the end. the other times that i have hard time predicting, i simply stay away.
then i trade altcoins. i never have any attachments to any of them so it is easy for me to dump them fast.
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