This is really devastating considering the current amount of invested money in Polybius.
Everyone will go back and forth and say and do what they want. There is no way that anyone is going to ever be sure about a project without their own evidence from their own investigation. |
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Just found out about this thread and coin.
- What is the relationship between gold price and XAUR price ?
In the past 30 days, gold oscillated between 1219 and 1264$, say a 3% range. Why XAUR moved so much during the same period ?
- What is the advantage of buying XAUR over a gold ETF ?
Just check this interview it will give an insight and what is xaurum and it's goal and it's purpose the dev himself provided these answers to all these questions . http://cryptocurrencieshub.com/xaurum-the-golden-blockchain/Thanks but I couldn't find any useful answer to my questions... Gold price (the amount of gold behind 1 XAUR in $) determines the minimal possible market price and the production price (or market price if higher) determines the amount of $ that must be invested in gold to produce new money supply and increases the gold price. If I understand correctly Calangaman wanted to ask about the corelation betweeen the price of gold itself and XAUR price (don't know which one). If we are talking about XAUR gold price it is directly related to the price of gold and the amount of gold behind every XAURUM as explained by nihilnegativum. If we are talking about production price, then the price of gold takes place when the mint occurs since production price is related to the ammount of $ in mint and price of gold at that time. If we are talking about market price of XAUR it has no direct relation to price of gold since it is a pure supply and demand, although it is pushed up with the mint event. Why XAUR moved more than gold? Because XAUR does not have a fix coverage in gold. For example if XAUR would be backed 1:1 with gold then we could say that only gold price reflects on the price of XAUR. But XAUR has a growing gold base. This means that every day there is more gold behind every XAUR, and this gives the real advantage to XAUR if we compare it to gold itself. Why buy XAUR instead of gold ETF? Explained in previous line, but again (it does not matter ETF or phisical bulion) If you buy 1g of gold today, you will have this same 1g of gold in 5 years from now. If you buy XAUR for let's say same amount of money you have today Xaurums which have parox 20% backing in gold, but in 5 years the same xaurums might have 2, 3 or even higher ammount of gold You got a part of it right. But you have to realize, that Xaurum is not (at least not primarly) ment to be an investment, like gold is. Xaurum is ment to be a cryptocurrency. Which means hopefully you will buy things with it in the future. You cant do this with gold. And personally, like money used to have in the past, id rather operate with a currency backed up by gold, then currency backed up by nothing. In worst case scenario If BTC for some reason dropes to 0 you will literally lose everything you have in BTC. Xaurum can't drop to 0 it can only drop to price of the g behind every xaur. and even price is slowly dropping to 0 satoshis =) no good at all second First: Xaurum cannot fall below current rate or XAUR/g of gold. You will always be able to get paid in gold. Second: Tell me...wwwhy exactly are you still on this thread if you don't believe in Xaurum and you constantly post negative posts? Third: yes, if you have coins (and I believe you have them a lot), please sell them to me. I will give you at least 10 satoshis for them so you will not loose everything... I am a huge suporter of Xaurum. New investors: once you will read the offical page xaurum.org and www.xaurumfoundation.com and also this thread, you will invest in Xaurum. You can start with small amount at first and once you will get to know the minting process and how it affects the price on exchanges, you will see that you are making profit on long term. We need to support Xaurum as much as possible!  Ok, just saw this, very interesting. Although there needs to be a few coins that actually are backed by an assett, there is very little that can be done with gold backing and other hard assets that will be a definitive proof of backing. |
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Poloniex customer support is really bad these days. I suggest to avoid that exchange if possible.
Got several tickets with no answer for couple of months ....
Now, the OP is stating that the site is blocking withdrawals and deposits, but the issue that the OP is posting about is a blocked deposit. |
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Yes, the price of some altcoin varies on different trading sites.
But doing an withdraw or deposit on sites to sell coins and earn small penny is not much profitable because transaction fees will cost you much.
Instead you can balance BTC in both the trading sites.
If price varies on two trading sites then purchase the coin on the site where price is low and sell the same coin on the another site where the price is high. Dont transfer the coins from one site to another coz it will cost much transaction fees.
This requires you to be exposed to long BTC price risk at all times. That is called arbitrage and does not work unless your overall balance is higher. Even with a high enough balance, the difference in the two sites prices has to be pretty extreme and stay that way for a period of time. most of the time, it simply won't happen. The first site, where your balance is being stored, will charge you a fee to withdraw your coins to the other wallet on the other site. if that is the only move that you make, then the fees might not eat up the small profit that you made. if you combine that trading with other trades, all of which have fees, then the mess will just eat away at your balance and you will break even or lose. |
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Btctalk name: JohnBitCo
Rank : Jr. Member
Current post count : 44
BTC Address 1Q3J6ugvYJUqEeGkZpgkhAGhZVPPiHw6Ur
Wear appropriate signature & Avatar : Yes Sig
Please let me join your campaign.
Thanks
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Your Username: JohnBitCo
Position to Apply: Jr. Member
Your Current Post Count: 40
Your BTC Address: 1Q3J6ugvYJUqEeGkZpgkhAGhZVPPiHw6Ur
Please let me join your campaign. Thanks
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Hey dudes, I would be interested in your views and comments regarding this nugget of news. You can google for full story of course! First Snapchat investor says Bitcoin will be worth $500,000 dollars by 2030 Their argument is based on a growing usage for transferring money across borders and countries. I personally think this is a little far fetched, although I never had the money or knowledge to invest in snapchat. Perhaps I am not best qualified then to comment. I know you guys are more knowledgeable than me, so let me know your views! If this really is the case, even if BTC is worth 1/10th of that, its worth holding that fraction of Bitcoin for the future. Will this cause more people to hold coins? Any Whales out there thinking that they will finally be able to buy themselves a little Island all to themselves ? G I agree with you. Bitcoin will be worth much more. |
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Looks like the bottom was 8XX, now that the hard fork fears are going down and bitcoin unlimited is pretty much dead beyond any reasonable expectative, I can see more and more people jumping back in the Bitcoin train. Looks like ETH already peaked and BTC bottomed.
All this was temporary and people understood bitcoin will always be on top of all alts. |
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Does Bitcoin exist for miners' sake?
And if these miners are not quite happy with these developments (which make Bitcoin better overall), they can leave and their place will be taken by more flexible ones. But instead of leaving, they are putting grit in the machine and trying to curb or restrain Bitcoin. Though their actions are quite understandable (very much like those of Luddites) and aimed at preserving their short-term profits, they are inevitably set to lose in the end. Either they will kicked out from Bitcoin mining or Bitcoin itself will lose being replaced by other more advanced currencies
And then miners will still have to leave on their own after having shot themselves in the foot and killed Bitcoin
Those luddites yielding handheld tools to disrupt a more advanced tool, just crazyness. Bitcoin initially existed for miner's sake who have been ... you and us, well just everybody who wanted to mine. This concept got lost, marginalized by industrial mining operations. Neither BU nor Core will bring back mining into everybody's household. Now watch this mess of centralisation. We need just that signal, any signal at all, of Bitcoin still beeing able to change. Adapt, improve. There is the reason why I support Segwit. Not for Segwit's sake, just for the signaling that progress is still imaginable Ultimately, it doesn't matter Just as Luddites didn't change anything in the long run (only terribly hurt themselves and their families instead of adapting), the progress in the development and improvement of cryptocurrencies ain't stoppable either. After all, Bitcoin is not the only pebble on the beach. If miners (or whoever else, for that matter) decline to adopt the updates, they will be without doubt adopted by someone else. In fact, this is another opportunity for us all to jump off the Bitcoin bandwagon if it's going to derail and jump on the next one. Let Bitcoin miners shoot themselves in the head if they choose so I agree to this, It does matter much how Chinese react to bitcoin mining. |
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It's a BiG NO NO!!! China doesn't control bitcoin!! China is only the biggest user of bitcoin because they have the biggest population among the rest of the countries worldwide. We can never tell who controls bitcoin because even the real founder or maker of it is still unknown. We only knew that he is Satoshi Nakamoto but no one can really prove it.
China is not only the biggest User of bitcoins but if you investigate you will find the 70% of the Bitcoin mining is being done in China. For this reason, they are the controllers of bitcoins and its price more importantly. Rest of the world is just following them. Yes, i think china is the biggest market of bitcoins. |
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Yes, Bitcoin will go above 1300$ in near future.
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I will mind becoming rich later when I finally reached my considered assets to be considered as rich.
What important is Im getting regular bitcoin earnings without any hiatus or break. That is much better before climbing on the top stage.
We cannot reach on the top overnight, to reach there its always good to go step by step and without thinking of future we need to concentrate in present, as if you put hard efforts now then future will surely bring good news for us. Earning good money involves high effort and hard work. |
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Update! Bigger Reward with an Escrow.
We have decided to give bigger reward for those who support us with a lot of posts! The basic details won't change, as you still need to make only 25 posts during the whole campaign to get the reward. If you make 25 - 149 posts during the campaign you will get paid in following fashion: Member 0.0040 BTC/week Full Member 0.0045 BTC/week Senior Member 0.0050 BTC/week Hero Member 0.0075 BTC/week Legendary Member 0.0075 BTC/week If you wear the signature for 9 weeks and make 25 posts, it means that you get paid from 0.00144 BTC per post to 0.0027 BTC per post depending on your forum rank. If you make 150+ posts during the campaign you get paid double: Member 0.0080 BTC/week Full Member 0.0090 BTC/week Senior Member 0.010 BTC/week Hero Member 0.015 BTC/week Legendary Member 0.015 BTC/week If you wear the signature for 9 weeks and make over 150 posts, it means that with the double rate you get paid from 0.00048 BTC per post to 0.0009 BTC per post depending on your forum rank. On top of these we had the Avatar bonus which still holds true under both scenarios. Users setting the Komodo logo as their avatar will have a 25% higher rate than they normally would. Unfortunately we still don't have an avatar only campaign. To make things absolutely clear: the bounty will be paid with BTC or KMD after the ICO has ended. Participants can choose how they want to get paid. We will not do weekly payments. Escrow
We will have an escrow! We will give you guys another update once we have all the details. LastlyIf you want to sign-up to our signature campaign make sure you can find your name from this list and the information is correct: https://docs.google.com/spreadsheets/d/1q7H7W65V5gmYR2UGANxTX1Ez1EkEgYVczsWsRdxE65A/edit?usp=sharingWe hope you sign up for our signature campaign because you are excited about the technology and not only because of the bounty! Best regards Komodo Team P.S. We also have a newsletter lottery campaign going, sign up & win KMD  See this post for more info. Whats the Maximum Number of Users accepeted in this campaign. |
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I assume someone who has been Mining since early 2010 but is a "Newbie" Rank on this Forum can't join the signature campaign?
I have to give it to you, if you are mining for last 6 years how could you even consider signature campaign? or couldn't you post only 1 time daily to be a legendary by now? Lol man being an early adopter mining you should roll in money. Thats strange really. Need to post 1000 Posts to become a legendary.  |
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I have applied and got accepted. thanks
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I believe that many people can not save money because they spend a significant amount of it buying unecessary and expensive things. In that case, the first step is to select what is really necessary, and avoid buying unecessary stuff...
Buy only nessesary things to save the money, |
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Bitcoin price does not matter much.
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The transactions are fast and the platform stable. There is a lot of adoption to be achieved, great future ahead, in my opinion...
I think bitcoin has a great future. |
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