I don't keep my coins on exchanges but does anyone need to remove the coins? I mean isn't BIP148 now not going to happen since segwit will be in place before that date or have I got this all wrong?
(Still a little confused about the whole thing).
It's the only way you will secure getting your new Bitcoin ABC coins. So there is going to be a HF for sure on that date? Is that the Jihan fork? I have my priv keys on a ledger nano S so presume I am ok? (Sorry if I missed some vital info and your having to repeat). Yeah, if someone really KNOWS about that Bitcoin Cash thinggy it would be great if he could illustrate all us. I have read a little about it but haven't even realised if it is a sure thing or a bluff, or wtf. Anyone? yeah it's happening lots of info/links from here https://bitcointalk.org/index.php?topic=2040221.0Thanks! Bleh, that thread is full of shills! Not sure it is a good source of neutral info about it. Anyways, this is the answer for @bones261 question: https://www.reddit.com/r/btc/comments/6ouzh7/bcc_on_a_ledger_nano/dkkdygj/I think we will have to wait and see. Not going to lose one more minute on that until I can SEE the money  |
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I don't keep my coins on exchanges but does anyone need to remove the coins? I mean isn't BIP148 now not going to happen since segwit will be in place before that date or have I got this all wrong?
(Still a little confused about the whole thing).
It's the only way you will secure getting your new Bitcoin ABC coins. So there is going to be a HF for sure on that date? Is that the Jihan fork? I have my priv keys on a ledger nano S so presume I am ok? (Sorry if I missed some vital info and your having to repeat). Yeah, if someone really KNOWS about that Bitcoin Cash thinggy it would be great if he could illustrate all us. I have read a little about it but haven't even realised if it is a sure thing or a bluff, or wtf. Anyone? |
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I don't keep my coins on exchanges but does anyone need to remove the coins? I mean isn't BIP148 now not going to happen since segwit will be in place before that date or have I got this all wrong?
(Still a little confused about the whole thing).
It's the only way you will secure getting your new Bitcoin ABC coins. Yes, whatever that fucking is.... Free money is free money though. No problem with that. Also, theres a neat Byteball airdrop on August 7. <- Just a reminder, more free money. |
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bitserve: actually you scared me into thinking about temporarily withdrawing at least half of the funds from exchange - that would mean buying some coin at current price though, as im in fiat after missing bitcoin rally train. to withdraw or not to withdraw. that is the question ugh  I did? I am sure I have previously said that before end of month it would be better to not have open margin positions (for the increased volatility and risk of liquidation) and to ALWAYS (not specifically now) have the minimum amount of BTC on exchanges. If you only have a minimum amount of BTC on exchanges IN RELATION to you total holdings, then it is somewhat ok, especially if you plan to trade the volatility. FIAT is somewhat safe.... unless mtgoxed/bitfinexed.... Anyway, I don't know... I am just on the verge of settling the remaining of my margin long position at kraken thanks to the profits from the past two weeks. This same night if everything goes as expected. From that point on I will be playing safe, but not sure if I will withdraw the remaining BTC or keep trading. 80-90% of my BTC is on my Ledger though.... and will never touch an exchange again. If I want to trade moar, I will deposit more FIAT. |
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If an exchange is missing some minor figure like 10-30% it will remain mostly undetected.
and if its much more, we may get another Gox  I really hope that's not the case. That would be a real fuck-up in terms of price in the middle of August. On other news, BIP141 signaling support has reached 100%. As I said, things couldn't be going more smoothly. |
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Probably not enough to bankrupt an exchange unless they are totally under already. I don't think more than 50-70% of the BTC will get withdrawn.
If an exchange is missing some minor figure like 10-30% it will remain mostly undetected.
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Can't really stockpile gas. Even after treatment with Sta-Bil, it gets gummy and useless after a year or so. I've put gas in one of my cars more than a year ago, as it's a project (1989 BMW 320i coupe) waiting for spare cash to burn, I've started it the other day (using cables) and it ran fine, so the gas must still be OK. Yep. I have had cars left for even a couple of years and no problem with the gasoline. I think it is gasoil what degradates more quickly. |
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The current ATH in USD is $2980, right? Just over $100 away... I think the EUR ATH is just over €2600 (€2618?), about €170 away. Soon, I think, very soon.... and my bet is going to be miles out Those figures don't make much sense with the current USD/EUR exchange rate, I think it must have changed a bit since the old ATH  EUR has appreciated against the USD since ATH. Around 5%. |
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Does anybody think that it will fall next days to ~2.2k levels or its going to break 3k wall?
If we would know that for sure we would be going all in/all out. That said... I find WAY more probable to break 3k in the coming days than to fall back to 2.2k. |
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841BTC to ATH at Bitstamp
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I have been telling people about bitcoin since 2013. A few friends listened and hey have made a lot of money. Most people back then had little or no interest with the exception of a small percentage.
Yesterday one of my staff told me he had bought some XRP. He said he relt the 20 euro charge for buying his bitcoin was too high. Not sure where he was looking. He only bought around 200 euros of XRP so a 10% fee does seem a lot. I told him he needs to buy more. Lol
A bus driver that comes in my work also told me yesterday he bought £250 of Bitcoin a few weeks back. He said he is still about £15 down so he must have bought at the top. I told him not to stress and all will be good in he end.
Slowly slowly it is happening. People are interested when they know I use Bitcoin. They want to hear what you have to say.
Gentlemen
Slowly more will join and see its potential. I go to the university of applied sience in the Netherlands and gave my fellow students a 30 minute presentation about bitcoin (at that time BTC price just passed the gold price). Many had heard about it but only a few knew exactly what it was. They where all verry interested. Many even started buying bitcoin The price of BTC went up allot since then and they keep asking/thanking me weekly I was trying to picture what a University of applied Silence would be like. You know, there's university of all sort of weird subjects nowadays. I am starting to think that I was too conservative on my ATH bet for 4 Aug. It is looking now that with the next impulse tomorrow for BIP91 activation or the new deposits coming during the week current ATH won't last much more. |
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BIP141 is at 97.9% now.
Things couldn't be going more smoothly.
BIP91 activation/enforcing coming in less than 24h.
And in less than 48 hours begins a whole new week of deposits coming into exchanges to buy moar.
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This has been me all summer.
Friend: Hey I guess I should have listened to you this whole time when you told me to buy bitcoins, good for you. Can I ask you a question?
Me: Sure (thinking: ok, time to point him to a bitcoin exchange finally)
Friend: I've been reading about this new up and coming cryptocurrency <insert alt here>, do you think I should invest in this new coin?
Me: *facepalm*
LOL! Yeah I think many of us here made similar experiences the last few months.Very often I get told by the people who would like to get into the crypto space, that Bitcoin seems to be too expensive for them.Even if you tell them they can buy just fractions of it on a regular basis, they still tend to buy some shitcoins because they can't afford a "whole Bitcoin". Human psychology is definitely a factor here. Maybe at a certain point of value ($10k/BTC ?) it would be smart to switch to smaller units in terms of pricing. I have thought many times about the change of unit of value for display on exchanges from BTC to mBTC.... Not sure what would be the effect. It would seems as if the price of Bitcoin would be "cheap" but, on the other hand, maybe people would think having a few hundres or a couple thousand is a LOT and not feeling like having to hoard more? Also, the media news would not have that much impact as they have now each time BTC cross a thousand boundary..... Donno, maybe it is ok to leave it as it is. |
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...(at least until a future HF if core does not deliver) but my theory is that some mining pools are now using standard core software for the BIP141 signaling as there is no need anymore for btc1 nor segsignal (core+BIP91). Safer too.
If core does not deliver what? Miners have to continue to use a client that enforces BIP91 until segwit activates, because the stock Bitcoin Core client will not ignore blocks that don't signal segwit. It will not reject blocks without segwit signaling, but its blocks won't be rejected either. Not sure I see the issue there. On second thought that could be a block orphaning orgy as those clients start working on non-segwit blocks from other non signaling pools. Ok, scratch that I mean that it is a possibility that core accepts to add the code for the FIXED 2MB blocksize increase in the future. That would be the more desirable outcome (instead of miners running their own buggy frakenclients). |
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BIP141 77.8% now. My bet is that it will be at 95% by sunday, before the BIP91 activation/enforcement.
I have also noticed that Segwit2x (intention) has lowered from 100% to 90.3% and BIP91 from 98% to 93.1%.
It is true that there's no need need to keep signaling those anymore (at least until a future HF if core does not deliver) but my theory is that some mining pools are now using standard core software for the BIP141 signaling as there is no need anymore for btc1 nor segsignal (core+BIP91). Safer too.
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BIP141 - 76.4% and growing fast (almost all blocks mined recently signal BIP141) Maybe another run up when BIP141 lock-in is inminent? BIP141 is good for us? If yes it means price will explode again soon above 3000 usd BIP141 is bassically *SEGWIT*. So, yeah, i would say it is good. But maybe most effect is already priced in at the passing of BIP91. We will know soon |
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BIP141 - 76.4% and growing fast (almost all blocks mined recently signal BIP141) Maybe another run up when BIP141 lock-in is inminent? |
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Oops, sorry. It is however an honor to have picked the same date as bitserve himself! My prediction is then August 3rd! LOL, that's funny. Good luck with your prediction... I hope you ALMOST get it right  |
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