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Alternate cryptocurrencies / Altcoin Discussion / Re: Whoever came up with bcash was a genius!
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on: August 22, 2017, 01:00:31 AM
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As long as the Bitmain cartel can keep the price propped up on bcash, they created a perfect way to manipulate the system to get what they want while making record profits. We all have to give them credit, it’s brilliant!
Bitmain has got some smart people working for them and they got some balls. As much as I detest them, give credit where its due.
Here's the problem: Doesn't this threaten to significantly deteriorate Bitcoin's network value? If both coins remain viable long term, that means that BCH is cannibalizing BTC's network. That means the combined value of both networks should be considerably less than if we had remained one, cohesive network. Now, new investors need to choose one network over the other (or split their investments between each). That means less growth for both networks. maybe, but most of the volume is coming from asia with 60% from south korea alone. seems like its one big scam by bitmain. |
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Bitcoin / Bitcoin Discussion / Re: BCH threat to BTC?
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on: August 20, 2017, 07:06:09 AM
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After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped. But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??
Its not actually a threat and that kind of price increase is just really a normal thinking back in the past when bch do exist on the market its price rose up on 1k usd and suddenly crash back again on 200 usd which means there still hype and somehow a manipulation on its price which we cant really consider for this coin to be a thread on Bitcoin itself. Original would still remain as original. bcash is a threat because it uses the same miners as bitcoin with lower difficulty due to faster adjustments. its a threat because currently it is 125% more profitable to mine on bcash than btc. if miners jump ship for more profit btc blocks will slow and people will jump ship also. bcash is VERY much a threat. if bcash dont drop in value soon there will be dark days ahead for btc and crypto. |
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Bitcoin / Bitcoin Discussion / Re: BCH threat to BTC?
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on: August 20, 2017, 04:27:50 AM
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anyone surprised by this pump needs to get out more.
there's less of it.
it was created to spook bitcoin.
roger ver announced the pump.
the koreans are so stupid they poured into it thinking it was an upgraded bitcoin.
it's the best pump and dump coin ever as it has that baked in flippening fear.
it also has 100% centralised mining and development so is basically the paypal of roger ver's dreams.
the real threat is the 2x coin if it happens. that would be a whole world of mess compared to this.
No way! It's only 97% centralized!! Hahaha. It's a joke coin. It's basically a coin that only the lead dev mines but then they try to shove it down everyone's throat. The main difference is it was a very public bitcoin hardfork so that's the only reason anyone has evenhanded of it or thinks it's legitimate. It's NOT!!! No way. This is out of the question. The price is rising because BCH is getting pumped by Koreans.
you guys are in denial, bcash is proving to be a very credible threat. the asian pump may just be the beginning. hash rate on bcash has tripled along with the price. the bcash attack is proving more successful then people thought it would be. if things don't swing back in favor of btc soon, this could be the end and just just the end of btc but the end of the cypto experiment in general. in any event, i think we'll know in the next 2 weeks. When is Roger Ver planning the 51% attack? https://themerkle.com/unknown-bitcoin-cash-miners-control-almost-97-of-the-networks-hashpower/the bitmain cartel has already attacked bitcoin with its hard fork and easier difficulty adjustments. to finish the job all the bitmain cartel has to do is move its considerable hash from btc to bcash. btc takes too long to adjust difficulty, the network will grind to a halt and people will probably jump to bcash. this is the bet the koreans are making. the problem is, if its this easy to destroy bitcoin, then the whole crypto experiment is a failure. there's nothing stopping someone from doing the same to bcash in the future and so on. its sets a bad precedent and its going to be one big sad mess if bitcoin cant survive this. |
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Bitcoin / Bitcoin Discussion / Re: BCH threat to BTC?
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on: August 20, 2017, 01:30:35 AM
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No way. This is out of the question. The price is rising because BCH is getting pumped by Koreans.
you guys are in denial, bcash is proving to be a very credible threat. the asian pump may just be the beginning. hash rate on bcash has tripled along with the price. the bcash attack is proving more successful then people thought it would be. if things don't swing back in favor of btc soon, this could be the end and just just the end of btc but the end of the cypto experiment in general. in any event, i think we'll know in the next 2 weeks. |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are you moving from BTC to Bitcoin Cash?
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on: August 18, 2017, 03:35:12 AM
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Just curious, BTC falls and Bitcoin Cash raises, are you one of the guys selling BTC for Bitcoin Cash and why?
i cant for the life of me see why anyone would put their trust in a chinese centralised bitcoin. clearly the people behind it are bad actors within the space trying to take control of bitcoin for themselves and their masters. i think a lot of people will get burned, we could be looking at another multi year bear market while this mess gets resolved. if bitcoin is so easy to manipulate, confidence will be lost and so will the price on however many chains remain. |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Cash Sudden Rally > $500
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on: August 18, 2017, 03:29:54 AM
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Looks like Roger Ver and his big bucks are the cause of this crazyness.
Like they said, it's easy to make money when you have a lot of money .
What does this mean? Is it just another failed attempt at pumping it? its 18 days since bcc come out, its quiet these days, maybe its just a burn out, no matter how, i will keep it until the price rise to $2000 the sides are drawn, no telling how it plays out. messy is probably an understatement. if bcash becomes more profitable to mine, we'll see how anti-fragile bitcoin is soon. we might see a bitcoin hard fork sooner than later... |
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Economy / Exchanges / Re: Coinbase is restricted to cell phone users only.
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on: August 11, 2017, 07:51:05 PM
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i used coinbase back in the day. i havent used them in years. i recently tried to log into my account to verify some old transactions and couldn't get through their security process.
i wanted to call and talk to a real person but couldn't find a contact number.
i'll never use them again.
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Bitcoin / Bitcoin Discussion / Re: [BREAKING NEWS]: Putin getting ready to kick Bitmain's ass
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on: August 08, 2017, 06:03:56 PM
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I hope Putin kicks BTC-e founder's ass and gives back my money.  Seriously, I lost a lot of money I need to get that back hope something happens. Not only you loss a lot of money in BTC-e exchange, most miner in my country also holding our coin in this exchange, but we just can waiting BTC-e can refund in September as their announce or not. This time really new deathline for the price of Bitcoin increasing or crash  at some point i think nations will have to start their own bitcoin mining operations to help secure the network against bad actors (like bitmain) to help protect their citizen's interests. similarly, any large corporation who has a stake in bitcoin in one form or another may also want to protect it with their own mining operations. |
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Economy / Speculation / Re: Will Fork Lead to Massive Short Squeeze?
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on: July 29, 2017, 08:13:29 PM
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At the time of the fork any one who is short bitcoin on Kraken (and I imagine any other exchange supporting bitcoin cash) will be debited an equal amount of BCH.
example: margin sell (short) 10 XBT/USD = -10 BCH (short xbt, long usd)
Because of this, there is absolutely no way to break even off of a Bitcoin short, let alone profit. Essentially, this is going to force everyone who is currently short to close their position, which obviously means they have to buy bitcoin. All of this demand will almost certainly cause the price to rise, no?
In theory we should be seeing a pretty sizable short squeeze prior to the fork.
Or am I missing something big?
In my theory we should be like this : Before splitting everybody will buying more Bitcoin,because after splitting they will get a clone from chain split and that thing can be sell in any exchanger that support it such as kraken,bitfinex and other exchanger. For example : We have 10 BTC in our cold storage,after chain split we will get 10 BTC+10BCC/BCH,and when everything is fine(we can do a transaction) i think more likely we will see another decline for BTC because some whales should be thinking how to pump BCC/BCH first before get out from that boat. So,based on my statement above all that i can see is we will see another long squeeze because of BCC/BCH existance but i will not last long. wont it be more likely to rise (btc) from people dumping bcc to buy more btc? No it will be exactly opposite. People buy BTC now to have that BCC and sell it for more BCC as it is super cheap. It's an opportunity to get rich real fast. BCC is the only elegant solution. Nobody with deep understanding would support BTC and their bankster bought developers. aren't you a legendary troll and bitcoin hater? don't you always predict doom of bitcoin? this must indicate bcc is nothing but trash, thanks  |
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Economy / Speculation / Re: Will Fork Lead to Massive Short Squeeze?
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on: July 29, 2017, 08:49:18 AM
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At the time of the fork any one who is short bitcoin on Kraken (and I imagine any other exchange supporting bitcoin cash) will be debited an equal amount of BCH.
example: margin sell (short) 10 XBT/USD = -10 BCH (short xbt, long usd)
Because of this, there is absolutely no way to break even off of a Bitcoin short, let alone profit. Essentially, this is going to force everyone who is currently short to close their position, which obviously means they have to buy bitcoin. All of this demand will almost certainly cause the price to rise, no?
In theory we should be seeing a pretty sizable short squeeze prior to the fork.
Or am I missing something big?
In my theory we should be like this : Before splitting everybody will buying more Bitcoin,because after splitting they will get a clone from chain split and that thing can be sell in any exchanger that support it such as kraken,bitfinex and other exchanger. For example : We have 10 BTC in our cold storage,after chain split we will get 10 BTC+10BCC/BCH,and when everything is fine(we can do a transaction) i think more likely we will see another decline for BTC because some whales should be thinking how to pump BCC/BCH first before get out from that boat. So,based on my statement above all that i can see is we will see another long squeeze because of BCC/BCH existance but i will not last long. wont it be more likely to rise (btc) from people dumping bcc to buy more btc? |
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Bitcoin / Bitcoin Discussion / Re: The reason why BTC-E users will not get their money back
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on: July 29, 2017, 08:43:36 AM
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This is why I don't really trust any exchanges because anytime they will shut its door leaving all the investor or users on its platforms behind without a single cent to their money which are being store on it. Its really sad to know for those people who are victimized again on this matter. They should really consider those coins as lost because owners will definitely do the best as they can to secure those bitcoin or money.
Many people have said that not 100% safe trading in some exchangers. Even a bad idea if you last too long your money there. Because we do not know what will happen in that exchanger in the future. This case can be taken as an example. use shady exchanges and expect shady outcomes. |
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Bitcoin / Bitcoin Discussion / Re: The reason why BTC-E users will not get their money back
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on: July 29, 2017, 06:51:36 AM
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The BTC-E website is currently down, but the exchange claims this is due to unscheduled maintenance. “Will keep you updated. Sorry for the inconvenience,” it tweeted in English on July 25. On July 26, as news of Vinnik’s arrest broke, it tweeted in Russian that it expected to be up and running again within 10 days. its not coming back, the US gov got them. btc-e users will be the last people to receive any funds if any are left after all other party's have been paid restitution, providing they can prove they have a legitimate claim. expect this to take years... |
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