infofront (OP)
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Activity: 2590
Merit: 2623
Shitcoin Minimalist
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July 31, 2018, 12:18:31 AM |
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I think you should stick to charting. Are you and mymenace the same bot? You have a similar dumb-ass quasi-incomprehensible and quasi-nonresponsive style, except your substance leans a bit more bearish than mymanace's substance. Are B1tUnl0ck3r and mymenace the same person/bot?
I am way too slow in my identification of this issue... I'm all over it! You were more descriptive, however. |
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JayJuanGee
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Activity: 3304
Merit: 8032
ESG, KYC & AML are attack vectors on Bitcoin
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July 31, 2018, 12:41:57 AM |
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As the price drops to panic inducing low prices I will share a few stories for story time.
I finally got my account unlocked on WEX after supplying details of every transaction I ever had with them, signing statements from the addresses of the receive addresses for all of my withdrawals, screen shots of receiving those transactions and sending the IP address of every time I logged into the system.
Congratulations. Seems like a good sign. Frequently, there are alternative ways to verify your identity. My account was locked out but I am not able to withdraw my NMC for 2 weeks (I assume this is how long they believe they will still be around, or they need 2 weeks to pilfer the rest of my NMC).
That's a pretty pessimistic assessment. It is pretty standard that when an account is unlocked that it will have limitations placed on its withdrawals, and part of the rationale is that they are taking extra precautions in case they have given access to someone claiming to be you, rather than you. In other words, pretty standard procedure, even though there is likely variation in the security safeguarding procedures from one exchange to the next. I used to have 21k NMC. I logged in to see 12k NMC and 9k NMCET.
This is the socialized loss issue that took place in August 2017. Everyone got the same haircut accross their various coin holdings. From the looks of things WEX was allowing people to withdraw NMC (likely because they could just use mine and that's all they had left). I guess their remedy for opening my account was to create a fake NMC token and distribute that as "just as good as NMC". As people quickly ended up dumping the worthless token lowering the price.
It is very doubtful that they are creating any of their policy and procedure around your 21k NMC. There are bigger fish to fry. Of course, they have a run on the bank and liquidation issues that are associated with their current problem, but they are not making broader decisions about your small quantity of coins and your longer standing access issues. So now I have to wait 2 weeks and watch as the whole thing implodes. But at least I can watch the last of my NMC get pilfered in the meantime.
Even in NMC, I doubt that there is any exact or known price direction. A lot of alts already took a pretty decent beating, but we also know that any of them can get pumped too... but odds are against most of them, especially in a bear or consolidating period... things can change, but no pattern is for sure in either bitcoinlandia nor in cryptolandia more broadly. |
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Nilaksha
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July 31, 2018, 12:45:57 AM |
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The bitcoin value is average or average at a certain time
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xhomerx10
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Activity: 3430
Merit: 6104
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July 31, 2018, 12:48:33 AM |
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The bitcoin value is average or average at a certain time
Friend, you are in way over your head. Get out while you can. |
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JayJuanGee
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Activity: 3304
Merit: 8032
ESG, KYC & AML are attack vectors on Bitcoin
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July 31, 2018, 12:51:44 AM |
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I think there will be a decline again after a few weeks. Later on, it seems like collecting works from the bottom will happen. For the Etherum, there's got to be some more.
What are you saying, exactly? Alts including ethereum could continue to go down while bitcoin decouples from them and goes either sideways or up, or alts could pump and leave bitcoin behind. Furthermore a decline of anything, whether bitcoin, some alt or a combination is far from certain, unless you are saying that there is some specific piece of news that could affect all of it, and a BTC ETF seems to be the most crypto dominant piece of news, at the present, but surely some other piece of news could come upon the crypto scene and push price dynamics too, right? Yeah, tether could print another 300 million again!  Oh? There is a tether print issue? This "tether issue" has been put out there a lot, but likely not as BIG of a factor as it is made out to be. |
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JayJuanGee
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Activity: 3304
Merit: 8032
ESG, KYC & AML are attack vectors on Bitcoin
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July 31, 2018, 12:53:54 AM |
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[edite out]
I'm all over it! You were more descriptive, however. I cannot help myself like that.  |
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Rosewater Foundation
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July 31, 2018, 01:49:20 AM |
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Shitcoins are in the toilet. How do we feel about this then?
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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July 31, 2018, 02:57:53 AM |
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Rose:
Who gives a fuck?
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Syke
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Activity: 3878
Merit: 1187
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July 31, 2018, 04:45:30 AM |
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Shitcoins are in the toilet. How do we feel about this then?
Sounds like an appropriate venue. |
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Searing
Copper Member
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Activity: 2870
Merit: 1442
Clueless!
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July 31, 2018, 04:50:22 AM |
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Shitcoins are in the toilet. How do we feel about this then?
Sounds like an appropriate venue. depends on the sh*tcoin and when you got them ...LISK ICO in 2016? was berry, berry good to me. we will see...but the alt coins I'm blowing for then next 2.5 years till full retirement are for this purpose to live off of since retire jan 14 2018..the BTC is still in FULL HODL mode.... anyway, we will see if my sh*tcoin angle to bridge till full retire and traditional investments etc works out or not a BTC pump would be nice to bring my sh*tcoins up in price ...don't ya know we will see brad |
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vroom
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Activity: 1186
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a Cray can run an endless loop in under 4 hours
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July 31, 2018, 06:15:05 AM |
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omg, these walls. bitcoin is about to explode.
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bitebits
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Flippin' burgers since 1163.
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July 31, 2018, 06:21:51 AM |
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omg, these walls. bitcoin is about to explode.
Can you be more specific? Exchange and bitcoin quantity? I see a 116 btc ask @ Bitfinex (8147$). edit: now 308 btc @ $8150 (now withdrawn) |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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July 31, 2018, 06:22:26 AM |
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Oopsie daisy  |
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HairyMaclairy
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Activity: 1414
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Degenerate bull hatter & Bitcoin monotheist
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July 31, 2018, 06:55:08 AM
Last edit: July 31, 2018, 07:13:50 AM by HairyMaclairy |
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I think somewhere around 0.07 is probably the next line of defence. That’s about how low it got on launch. You don’t really want to hit an all time low because that might make the punters nervous. Edit: looks like ATL was as low as 0.064  R/BTC is a bit of a ghost town. Highest post has 14 comments. 5th highest post has 0 comments. Talk of a mass exodus on 2 August when people have held for 1 year for CGT exemption. |
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vroom
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a Cray can run an endless loop in under 4 hours
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July 31, 2018, 07:37:08 AM |
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the state of our current bull run  found on reddit |
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bitserve
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Merit: 1345
Self made HODLER ✓
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July 31, 2018, 08:19:10 AM
Last edit: July 31, 2018, 08:35:04 AM by bitserve |
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It's interesting to note how Andrew Breken's experiment with creating the largest Lightning node (and not losing a single bit of his BTC) has encouraged others to launch other large nodes.
"Fairly cheap" node, which at first I thought could be a second @abrkn's node, seems to be leading the "competition" at the moment, with 23.41BTC. Another node was launched just yesterday, "bustabit.com" -which seems to be a gambling site- that is growing extremely fast and it is now at 12.52BTC capacity. It looks as if it aims to dethrone "Fairly cheap" as the largest node in the next few days.
I am not sure it is completely safe to risk that sort of amounts in current state of Lightning, but I guess there's people well-off behind them that aren't risking more than "they would be willing to lose".
Also, "Fairly cheap" has adopted an strategy of lowering the fees considerably so maybe it is a legit attempt at monetizing the service or trying to have an advantaged point before it becomes more widely used. "bustabit.com" is probably also trying to gain some publicity for its gambling service.
Things are getting interesting in LN land it seems. Will keep watching closely.
P.S.: As soon as neutrino mode is out and stable I will also be running my little node. Probably there's much more people thinking the same so I guess that's when the thing will explode.
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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July 31, 2018, 08:42:09 AM |
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The real volume is going to come when exchanges open lightning nodes for arbitrage.
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bitserve
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Activity: 1652
Merit: 1345
Self made HODLER ✓
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July 31, 2018, 08:50:52 AM |
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The real volume is going to come when exchanges open lightning nodes for arbitrage.
Yes. Currently there's a huge amount of inter-exchange tx's that would inmensely benefit of LN. One pre-requisite would be the lifting of the current limit which won't happen until everything is completely tested to be rock solid. Other major players I see joining in the future are payment processors (so that it won't even be needed that retailers directly use LN) and ATM providers. That could happen even sooner than exchanges adoption as they can benefit of smaller amounts per tx. |
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