Apparently, he didn't sell the coins the same day he moved the coins, which is when it was speculated that the big selloffs happened. He only moved them, didn't sell them. The pdf was updated today in the mtgox website: https://www.mtgox.com/img/pdf/20180317_qa.pdfIf this is true, the it just's another demonstration of the schizophrenic people looking for news to dump their coins. We have a bunch of weak handed panic sellers looking for FUD news to dump. Everytime these guys sell and the coins go in the hands of holders is good news. What I see here is people trying to give themselves reasons as to why they are taking their decision and most times a lot of people are only following the trend and not about Mt Gox, the moment they see price nose dived, they start dumping only they come around and blame the whales for their decision in case price is recovering and they are at the losing end. The earlier we move away from the believe that Mt Gox can potentially crash the market the better because he cannot keep the coins forever, if he chose to do that, then the whole of the exercise is in futility or he discharge those coins in a gradual way either way he will still sell and if we continue to give him that preference then we should all brace up for an impending crash. |
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You have actually made some salient points which should be propagated but unfortunately the massive publicity that ICOs have brought to bitcoin makes it difficult to separate the two and that is the reason why when the news broke about Google stopping ICOs, it seems as if its a ban on bitcoin. However, the importance of ICOs can also not be eradicated because one viable source if fresh money coming into bitcoin which then necessitated the continued increase in its price is ICOs, they are the ones that would carry out promotions, adverts, events, interviews, videos on YouTube, Twitter, Instagram and Facebook awareness to make it known because you can't participate directly, you are forced to get a portion of bitcoin. That's being said, I agree with you that the attention needs to be shifted to people seeing bitcoin for what it is and not a means to acquire unrealistic returns promised by most ICOs.
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Hi folks! I am certain that my opinions through my posts are indeed constructive and viable to some members. I am stuck at Junior Member rank. I'm still posting enough to add it to my activity but it seems I'm never gonna rank up. How will be able to obtain merits? What mostly topics should be discussed?
Everyone who is stuck at one level or the other because of the implementation of the merit system felt they deserve more merit based on their posts but unfortunately the decision as to whether you deserve a merit or not is not in your hands rather in the hands of other who might feel magnanimous about giving merit and you cannot force them. Again, for the fact that you didn't get one additional merit since the beginning of this new era showed you are not doing something right that could attract the attention of at least one person. The option out is to out more quality in what you are doing and if its not forthcoming, there are threads opened about giving out merit which you can apply if you think you deserve more than what you are getting. Checking your posts, I don't think anyone who give you one merit unless you improve greatly. |
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In plain terms, this thing beats me. I read it every now and then that bitcoin as well as other cryptocurrencies contribute to capital flight. The logic behind such claims is that someone can buy bitcoins for dollars in one country and sell them for the same amount of dollars in the other. This is the point which I never truly understood. To me, there is no real or virtual transfer of dollars across the border so there is no capital lost at all. No dollar gets lost or transfered.
Am I the only one who has doubts about this claim?
The way its being explained goes beyond basic understanding and that is why you think it does not contribute to capital flight and looking at it from the 1000$ or $2000 dollars we are dealing with, it makes the claim of capital flight sound bogus or unfounded but I will try to paint a scenario if it will aid understanding of what is being said here. In a country, a business cannot move fund abroad without obtaining clearance from the relevant authority and there is always a certificate and maximum amount allowed to each company. The reason is because as we all know businesses can come to the home country and trade making over 500% profit margin and then move to their own country taking that money from the local economy will distort the supply of money thereby leading to scarcity and these are the reasons people complain that there is no money in the economy also it means there would be less liquidity in banks to create more money. With bitcoin, you don't need to obtain the certificate of have to face any form of maximum amount to be transferred all that is needed is to purchase as much as possible bitcoin for example I need to move $1 million abroad, I just need to buy 100bitcioins on the average then send without even having to pay necessary fees. |
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It is usually the whales who are doing things to frustrate cryptocurrencies.
The logic is easy, they dump at higher price, spread FUD, and then buy at lower price and repeat.
Since they have tons of money and Bitcoin, it is possible to play the market especially a lower cap coins.
I guess the whales are the owners of Facebook and Google or the forum as well to have caused things frustrating crypto currencies. What people don't know is that little things matter. On the forum here, go to the currency exchange section, goods, or even the scam accusations thread and you will have an idea of ridiculous things people are doing to make cents but covered with bad intention to scam another person. Would you say they are the whales. The whales might be manipulating the price but they are playing by the rules. If you then go outside the forum, the trust has fallen so bad that personally, any ICO or project that I see as a result of Google ad, I will have to triple check before even considering to put some money would you blame the whales for that too. Until there is a change in orientation that playing according to the rules would generate decent income, there would always be attacks from outside forces against crypto currencies because they will continue to have something to rely upon as reasons for their actions. |
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I think we all know the fact that BTC mining consumes lot of electricity and many cities/countries are banning Bitcoin mining or charging heavy bills. The cost of mining is rising, places to mine are become less. And this will only get worse as the mining difficulty will rise. And not only that, as per this Cointelegram post, the profit margin has drastically lowered. https://cointelegraph.comHow do you think this will impact Bitcoin mining and Bitcoin itself. Do you think mining will become way more centralized due to this? Do you think mining difficulty will be brought down (I know this option is almost impossible)? Maybe we will have new mining hardware? Or mining will become a loss service and there will be almost no Bitcoin miners left? I would really like to hear your opinions on this topic. Gradually mining is becoming more expensive is not something we are just hearing with the continued increase in cost but one thing I know is that so far the profit margin has not turn to zero, there will always be people mining only that they will be ready to accept lower margin and the high margin they have enjoyed in the past would at least console them for now. On the centralisation of mining, even though that is not what we wanted but eventually that is what we have to face but there is a consolation there too in that it gives room for other people to focus on other areas in making bitcoin better rather than everybody relying on mining. In short, this is another major challenge that will happen in crypto but I am just optimistic that it would be settled just like the era of high fees when it seems its never going to reduce but it has happen with the lightening network and SegWit, the attention has shifted to another area. |
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be careful, they are scammers.
here are the facts, at least my experience with this scam team.
i invested în rock1 in october 2016 and nothing happend. Then i started to ask what is happening on facebook they didnt answered many months ago then i asked questions on telegram, and i found out that in order to get that mining hash i have to talk with some guy Diias but he is never rechable... and i was kicked out from telegram group rock1 and rock2... so now i WARN people to not lose money.
More that this some russian friend warn me saying that he talked with dias in russian language and he warn me not to invest but i tried with a small amount.
I cant wait for ICO reglementations but this type of guys deserve harsh punishments.
In 2016 that you made the investment, a novice in crypto world knows that anything related to cloud mining has 99% chance to turn to scam but you chose to add to their money by going there to invest because of the returns they surely must have promised which in this case would never come. I wonder why you have to wait 2 years after before you try to warn people, I guess you were hoping that your money will come eventually but unfortunately the day you sent that transaction if its bitcoin, the moment it has one confirmation, that is the end. You done you part in bringing awareness, you can only wish it helped someone from making such rash decision. |
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Our Government here will always question people who become rich instantly, sometimes they will relate all the wealth to drugs and smuggling so they can send us to jail for a questionable wealth and not paying taxes. they will do background checking, even if they dont find any illegal activities we did they still think that we do illegal. What if I become rich because of BTC do you think they will believe if I say that its bitcoin that making me rich? How will I explained to them?
If its about government to worry about in your country then I won't bother because over here, government does not care about your life so far you are leaving moderately and the bank has not flagged your account as being engaged in illegal activities. Over here the people that would question you and even judge you are the society including your own family member especially parents who are so much convinced that nothing good can come out from the internet. Over here, if you want to avoid the scrutiny and judgment no matter the amount you are making from crypto, you just must go to work in the morning and come back at night or you have money without the option of spending to the point of attracting attention of other people just live your life to the standard of the people around you. That is the discriminatory knowledge one needs to face at this time but as we move on, the hope is that it would get better. |
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In valuing sites, different parameters are being used depending on the service that is being offered. A school website might have lower traffic rate but high number of students who are paying their fees and turning out profit every term. Your site would to me would really be not as valuable because I would be focusing more on certain non-traffic statistics since its a gambling site which would include 1. The number of registered usernames on the sites, the statistics of how it flows to understand whether its just once or comes in regularly. 2. The number of active wagers, this of course would be expected to drop from the above but the gap should not be too much only if the usernames in 1 above are either bots or just come for the bonus the site offers then leave without any hope of coming back. 3. The amount being wagered is another significant factor as this will determine the amount of working capital that would be needed and decide whether the site will be self sustaining or a facility would need to be put in place. 4. With all of the above intact, I can then start considering issues such as the interface, the SSL, the security, the fairness and other factors needed and without that, it would be difficult to put a price tag on the website. |
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You have done well and hopefully with all the amount of effort put together by people, it would be more difficult for unscrupulous individuals to carry out their nefarious activities. As matter of fact, it should be put as a sticky notification for exchange transaction that is directed to another platform should be a caution to be more careful no and if this is done by a newbie, it should be a further reason to be more cautious. But unfortunately, some innocent people will still fall for this despite the warnings. |
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I'm not sure if this topic has been raised here, but I wanted to discuss the landscape that we are in within the crypto world.
The way I understand it, part of the goal of crypto-currency is to give some power back to the people, power that banks and large financial institutions have wielded over the common folk for a long time. And make no mistake, this is a corrupt system we're talking about, as has been well documented over the years.
One of the larger complaints that we regularly hear about is the 1% or even the 0.1% - these are the powerful people that own the majority of the wealth in the world, and who are mostly vilified and abhorred by the less fortunate.
It's my understanding, that many crypto evangelists want to move away from this kind of world, but how is that shaping up so far?
From what I can see, the majority of BTC wealth is concentrated in the hands of the few, the same goes for many altcoins. The other day I saw a post that one person owns all the GVT in circulation.
So let's hypothetically say that crypto is a success, and we start to move away from fiat and eventually use cryptocurrency, that's great in the sense that power from banks has been removed (to some degree), but what about the problem of disproportionate wealth distribution? Aren't we just moving from one system of masters and serfs to the next?
Perhaps I'm barking up the wrong tree, maybe that isn't a goal or ideal of crypto to strive for, but I have seen people like Brock Pierce talking about creating a crypto utopia in Puerto Rico and it also makes me think - what kind of utopia are they thinking of? Because sure, it's utopia for them, but I don't know if the people who will be living there and serving them will think the same.
Part of the reason this comes to mind now is because of the blatant manipulation that I've seen in the markets and exchanges.
The last few days of charts for BTC look like an alt-coin pump-n-dump, and this has been going on for a while. So what is the end game? Suck in newbies, get them to spend some money, shake them out with a crash, shake them out with erratic pump-and-dump manipulation so that the few can continue to amass BTC - to what end?
Where will they be when they are the only ones holding crypto and everyone else either a) has been burned and won't touch crypto again or b) doesn't care to join in the dance?
What's the point?
You surely raise a valid point there which should be a thought for quite a number of people. Even though this topic have been discussed before, its still a matter evergreen as discussions about this will continue to haunt us whether we choose to accept it or not especially this time when influence in bitcoin is growing and large corporation are coming in with huge funds to pilot the market to achieve their own selfish interest and the valid question remained, are we not leaving one bad scenario to another? Or even a worse one. However, without ignoring all of the possibility of things not going according to what we are made to believe about how the redistribution of wealth is going to happen, it still give the hope that things might happen in that direction. In the world to day, unless you are a genius, an absolute risk taker which one manager to pay off, or you inherit wealth, the percentage of people living comfortable might not be attainable but with crypto, all you will need is a fraction of all of those, inheritance does not matter and one could leave that comfortable life. If you ask me, it worth a try than one with no hope. |
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Lolol why waste time with such a shitty scam attempt
Come to telegram and will show you a wallet on live cam ok? The way people use Telegram these days, they would start considering regulating all of the activities of their users. What's is wrong in proving what you want to show him here. You really don't need to get defensive because he knows what he is talking about and only someone who is ready to lose his own funds is going to ahead with this. You talk about live can to show wallet, haven't we seen people even moving bitcoin that will show in your wallet only to discover that you can only view and not assess the fund but the fund has gone and withdrawn. So also is Paypal that even with Friends and Family option can still be reversed so what exactly will you live can proof? You came to a forum and without even taking time to understand, your motive is to start buying bulk BTC from random people, how does that even work exactly? |
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Recently, I have noticed much hate against shitcoins. I totally get that, so many ICOs stealing money and giving nothing in return. Just pure greed by so many people, making over 1,000 cryptocurrencies right now according to CoinMarketCap. At least 95% of them will not seal in history or even survive but does it mean we don't need? I mean if Bitcoin was the only the currency in the market how could we know if it's good or bad. If Usain Bolt was the only runner on the field, how could we know if he's fast or not? We must see the bad to know what it's good. Someone once told me "Only in the jungle lions grow" meaning that we need the crypto market to be a jungle to see some lions such as Bitcoin, Ethereum and etc.
Eventually, it's our choice if we want to fund those ICOs or not. We decide if we believe in this project for a change or not. A lot of money will be lost in the crypto market and that's obvious, like the fact that so much money is made in the crypto also the opposite. If people rather take risks and choose random ICOs it's their choice or even coins that offer nothing special than the other competitors. It's all about comparison, right now we see so many awful coins but in the long-term future, we will realise that it made big legends more determined. Looking at Bitcoin, Ethereum and Litecoin doing this all those years while some coins rise and some fall it's showing how good and stable those coins are. If we want for mass adoption around the world the real coins need to surpass many more, and only after many years of progress and proving themselves again every time then they will become a currency, a real coin.
What I am trying to say is that shitcoins are here and they will be here and I won't be surprised if there would be above 10,000 useless coins and so on.
Because eventually it doesn't matter all the noise and it only matters how the strong coins keep going forward and adopting many targets every time.
And those lack of future coins will fall anyway so our job is to keep focused and let everyone opportunity to prove themselves, technology is the thing that matter and if you can produce you are fitting into the high class and if you can't then you are just a garbage but nice try anyway.
You are wrong to assume shit coins are necessary for the economy and the assumptions you have made are outrightly incorrect. We don't need every runner to be like Usian Bolt we only need quality runners. Today in football, only two players have been winning the world best players for several years but that does not mean others are not striving and even without those others, there won't be team to play against the other team. No one is saying we want bitcoin alone but let the majority of those coming out be worthwhile. In shorts the shit coins you are supporting here, have caused more harm than good to the community. China banned ICOs not because they don't like bitcoin outrightly but hid under the excuse of those running with investors money. Facebook stops allowing crypto ads because its being portrayed by shit coins promoters as a quick rich scheme by promising 500% returns by investing in their shit coins, now we are faced with another from Google. |
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Trooper is a decentralized ecosystem and the first Waves token that automatically reacts to emergent market conditions in order to stabilize its value in Cryptocurrency Marketplace.
What does this mean? First token about to be lunch on waves platform and we do need ideas and participation in building a solid community. Suggestions is highly welcome. You still haven't answered what @Vod is asking because a coin that is coming as a "First" to actually give more information on what the project is all about but and even after the first Airdrop completed, there is no ANN Thread, no project plan, no detailed explanation of the next phase and worse of all no team to push the dream. Sincerely, how do you expect someone to take the project serious and even offer some advise on what it is you are trying to accomplish here which is even one of the numerous tokens intended to be issued on the Waves platform. |
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Are there platforms offering insurance for ICO investments? -searched but couldnt find one. Is it possible to build a platform that will accept such insurance payments? More detailed: 1)ICO investor spots a solid hyped project but as crypto is risky, she wants to protect her stake and drops some crypto into the insurance fund 2)the ICO project is succesful and issues tokens - the insurance fund gets to withhold the insurance premium and profits. -or the ICO project busts, scams and runs away with the ££$$, then the insurance fund settles the payout to the crypto investor. Would that work or is a terrible idea? just a thought..  By default, insurance companies don't cover high risk investment areas and ICOs at the moment are one. At the moment the idea is nice but its not practicable to a large extent because if a company would want to insure your investment in a particular project, then they would have a perfect understanding of what its about to the extent that they would recommend such investment in that case it could be interpreted to mean endorsing ICOs which can be exploited and the moment one burst, that would be the end of the insurance company. If the insurance won't go for the above option of having to verify before having to cover for losses, they would then only be able to cover some portion in percentage of the amount invested and not total amount while the premium might be high and in this case would not be accepted to crypto enthusiasts but hopefully in the near future, this might take a new shape as I see as a new business area ready to be tapped. |
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You have created a program that tracked movement from a particular wallet to an outside which is operating fine but I have just two questions though.
1. The 5% movement needed to create the alert, is the 5% cumulative or at once. For example let's say 5% of whatever in the wallet is 10btc will the alert happen when 10.1btc is being sent, or when the cumulative amount is more that 10btc like someone sending it bits of 2btc every time?
2. To what end is this all about? A project needs to have an objective in this case I am yet to see it. If the alert is created, what would then happen? Do I report to exchange owners, or I stop the transaction from going through, or I divert the transaction to my own wallet or what exactly?
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When this came out yesterday as a form of speculation someone had said its not possible simply because of the amount revenue that would be lost by Google as a result of ban on ads related to crypto my response then was there is and will be some motive beyond profit and even the forum had to stop selling ads to ICOs, it was a difficult decision but necessary. The fault is not theirs but the bad eggs who are soiling the name of crypto as well as the participants who blow the proportion of how huge the scam going on around here is going and Google continued support for ads makes them accomplice to that.
The effect to bitcoin price will be huge which we have been seeing but good its happening now because by June that its coming into effect, it won't be felt as much as this time and hopefully price would have recovered before then and we have one less challenge to face in the path to more greatness.
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I have an incomplete idea with some missing peaces about creating a crypto-currency that distributes wealth, something that communists and socialists will like:
A crypto-currency that has a transaction limit per month, if you are receiving more coins than this limit then you will receive less and less coins in each transaction received, the coins that are taken are distributed equally to the other wallets, so they receive free coins when a transaction is received.
A currency like this could be used to create a community where you sell your service or product to other people on the community and use the coins to buy stuff from people inside the community, you cannot become rich with it, but you will receive free coins.
The "transaction limit" / "free coins amount" can be higher or lower depending on the ideology of the creator, the idea is to enable people to chose what kind of economic system they want to work for, instead of being forced to work only for a capitalist economy like we do.
I need help to finish the idea by addressing some of the problems with it, for example, right now I don't know how to solve the problem of a user making multiple wallets to bypass the limitation. Surely this can be solved re thinking the idea a little bit, maybe in a more technical way, I have not very much technical knowledge and I want the idea to be discussed so others more capable can make it.
If you don't like the idea and want to attack people with this kind of ideas, please don't comment, I don't want a left-right politics discussion here.
As much as I would refrain from attacking the people who have this form of ideology, its also worthy to note that such ideology is far from reality because right from the start this idea is flawed. You talked about people selling using the coin within the market place but you forgot the original source of the items to be sold. For example, lets say I am coming into the market to sell phones, of course I would need to buy the phone another market where the coin is not accepted, and considering that I cannot get rich with my sale it then mean I will have to continue to incur loss in other to buy more phones. In as much as no ideology is perfect, the best way to distribute wealth based on your objective here is to create a level playing ground where people can grow based on the effective use of their brains. Establishing a limit on what they can acquire will only kill initiative and make people lazy. The simple truth is that not everybody will be rich but the fact that there is hope and chance that it might happen one day is enough to keep one going in trying to harness fertile areas. |
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I found it kinda hard to pay with BTC few times. Because the volatility so high, many times I 'm feeling FOMO and I actually use fiat instead.
Does it happend to anyone else here?
I feel that way sincerely and I am sure a lot of people feel that way too and its largely due to our default thinking that the price will increase then you would blame yourself that you wasted too much to buy at the time. The people in the crypto community are also not helping matters as they are quick to open write an article on how you buy a shirt with .01btc and now worth $2000 but we all forget that its not always the upward every time because if I had buy sometime in January, I would be at an advantage today. This is one of the challenges facing bitcoin today as a lot of people see it as an store of value rather than medium of exchange and until we change that mentality, the volatility will not stop. |
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Although, a lot of people would be wondering what is the relationship between Xi Jinping ruling for life and the price of bitcoin? But the issue is that almost everything is related to politics. We all know that today the influence of China on the price of bitcoin cannot be downplayed because every move that they make is to frustrate the continued popularity of bitcoin. A whole of this decision is based on the ideology of the government in power which cannot be separated from the leader at the time.
In this case where the leader is expected to rule for life, it then mean that the onslaught against crypto currency wont stop but if there is a change in power, there is a chance that the change that comes with it, in terms of ideology, the calibre of people, their knowledge of the world of financial technology might be in the favor of crypto currency but now, there is no chance at all.
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