becoin
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Activity: 3431
Merit: 1233
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July 16, 2017, 03:03:45 PM |
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Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..
Good question. Most probably you'll end up with BUcoins. Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st? You'd better withdraw all your bitcoins from Bitmain before 1st August! |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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gembitz
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July 16, 2017, 03:09:14 PM |
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Garzik is legit~ if he's backing it : i trust segwitTOOx WILL PREVAIL  |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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July 16, 2017, 03:10:34 PM |
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I am calling a maximum potential low of $1500. However, I do not see a reason for which the price is dropping this sharply this weekend. If people were scared of August the 1st, dumping a few weeks ago made more sense (not 2 weeks before); not that there is something to be afraid of.
Bubbles don't make sense. They are blown emotionally and they burst emotionally. Markets are not efficient. It's all psychology. The biggest bubbles of our time are the dollar, the euro, the yen, the pound... When they pop bitcoin price will be measured in hundreds of thousands. |
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Xavofat
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July 16, 2017, 03:12:08 PM |
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On a bullish note, there's an important uptrend going on as well. Market cap is bullshit but you can see altcoins dropping harder, especially the ones which had completely unjustified rises (ETH). Bitmain also still owes me about .40 BTC with a Pacmic contract. I wonder what coins I will actually be getting back come August 1st..
Good question. Most probably you'll end up with BUcoins. Forgive my difficulty in keeping up with all the changes, but isn't Bitmain going to be adopting Segwit2x, thus not doing BU after August 1st? They wouldn't be doing BU anyway. They'd be forking off into their own chain with basically just their own hash rate, so they can have a 51% attack party where no one's invited. Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that. |
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Ludwig Von
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July 16, 2017, 03:13:24 PM |
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The way I took advantage of this rally was like this:
I bought some gold and silver directly with bitcoin @ ~$2700, buying the PMs at a somewhat decent historical low, with bitcoin I paid ~$500 for. Not too shabby.
On the next rally you can do the exact same. Or take like 10-15% of your profits on each rally, so you don't feel like you missed out.
The thing is, you will never call the absolute top, and you will never call the absolute bottom. It's the same in the stock market.
That is exactly my plan too. But now I am puzzled whether it makes sense to sell some gold for BTC now, or at lowest. Not much interest in this kind of idea over here... .  |
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bones261
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Activity: 1806
Merit: 1826
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July 16, 2017, 03:15:21 PM |
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You'd better withdraw all your bitcoins from Bitmain before 1st August!
I wish that I could. But I purchased a contract, so I have to settle for whatever they pay me back with.  No option to opt out early. I suppose that I could attempt to sell my Bitmain account, but I haven't really attempted to do a p2p trade and would probably get scammed. |
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becoin
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Activity: 3431
Merit: 1233
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July 16, 2017, 03:18:28 PM |
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Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that.
Oh, UASF will go very far believe me! |
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N12
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Activity: 1610
Merit: 1010
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July 16, 2017, 03:19:36 PM |
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Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that.
Oh, UASF will go very far believe me! Oh yeah? They got 80% hash power? |
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becoin
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Activity: 3431
Merit: 1233
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July 16, 2017, 03:23:19 PM |
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Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that.
Oh, UASF will go very far believe me! Oh yeah? They got 80% hash power? It doesn't matter how much hash power do they have. What does matter is that nobody in their right mind wants their bitcoins turned into chinacoins! |
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N12
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Merit: 1010
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July 16, 2017, 03:28:32 PM |
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Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that.
Oh, UASF will go very far believe me! Oh yeah? They got 80% hash power? It doesn't matter how much hash power do they have. What does matter is that nobody in their right mind wants their bitcoins turned into chinacoins! So how many exchanges are on board with UASF? How many wallets? UASF has neither mining majority nor economic majority. I wish it was different, but that's the reality. |
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becoin
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Activity: 3431
Merit: 1233
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July 16, 2017, 03:36:46 PM |
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Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that.
Oh, UASF will go very far believe me! Oh yeah? They got 80% hash power? It doesn't matter how much hash power do they have. What does matter is that nobody in their right mind wants their bitcoins turned into chinacoins! So how many exchanges are on board with UASF? How many wallets? UASF has neither mining majority nor economic majority. I wish it was different, but that's the reality. Exchanges and wallets doesn't matter as the number of their customers doesn't matter. What does matter is how many network nodes are UASF activated and relay or refuse to relay txs from those exchanges and wallets. |
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bones261
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Activity: 1806
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July 16, 2017, 03:36:52 PM |
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So how many exchanges are on board with UASF? How many wallets?
UASF has neither mining majority nor economic majority. I wish it was different, but that's the reality.
Here is the list on who supports it at the moment. http://www.uasf.co/I don't see any major exchange on the list. But I just scanned it briefly, so I might be missing something. |
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BlindMayorBitcorn
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Merit: 1115
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July 16, 2017, 03:39:18 PM |
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Whatever happens it seems some sort of chain-split is inevitable. That's my bet. But I don't seem to be doing anything about it. Which is odd.
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Dotto
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Activity: 981
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No maps for these territories
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July 16, 2017, 03:49:12 PM |
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Delicious   |
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becoin
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Activity: 3431
Merit: 1233
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July 16, 2017, 03:56:46 PM |
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Whatever happens it seems some sort of chain-split is inevitable. That's my bet. But I don't seem to be doing anything about it. Which is odd.
I'm doing what needs to be done. I'm accumulating more bitcoins, so after the split I can sell all the chinacoins I'll get and accumulate even more bitcoins. |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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July 16, 2017, 04:00:46 PM |
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Whatever happens it seems some sort of chain-split is inevitable. That's my bet. But I don't seem to be doing anything about it. Which is odd.
Welcome to the club. Maybe your reasons for not doing anything are the same as mine... the moment to sell was a thousand above. Maybe it could keep going down but if didn't sell before, I won't be doing it now no matter what. If someone is doubting between selling now or sometime soon if things get uglier, maybe he should just sell now and go on with his life. |
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d_eddie
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Activity: 2478
Merit: 2895
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July 16, 2017, 04:11:23 PM |
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Not sold a bean and not planning to.
Who's with me? Who is strong enough?
I wish I had some fiat to buy even more. In a few days I'm expecting to get some. I just hope the low tide lasts until then, which I doubt. I guess by Monday morning we'll be on the way up to 2300. Maybe next weekend there will be another panic wave? |
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cryptothinker
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Activity: 65
Merit: 10
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July 16, 2017, 04:16:13 PM |
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Bitcoin being Bitcoin... But I did not expect it to be tested to its limits
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User705
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Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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July 16, 2017, 04:18:10 PM |
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Since UASF doesn't look like it'll go very far, I also doubt they'll bother with that.
Oh, UASF will go very far believe me! Oh yeah? They got 80% hash power? It doesn't matter how much hash power do they have. What does matter is that nobody in their right mind wants their bitcoins turned into chinacoins! So how many exchanges are on board with UASF? How many wallets? UASF has neither mining majority nor economic majority. I wish it was different, but that's the reality. Irrelevant. The only thing that matters is how many holders are for it. The notice of the big Segwit2x agreement should've stated how many BTC they all have. That would mean something. Wallets and exchanges means exactly bupkis because wallets and exchanges will service the owners of BTC not the other way around. |
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N12
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July 16, 2017, 04:21:34 PM |
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Holders don't matter shit. This is proof of work, not proof of stake. WTF are you going to do with ownership of essentially altcoin Bitcoins you can't exchange for the tons of fiat on the exchanges?
Ideologically, I'm on your side, but you UASF cultists are striking me as increasingly delusional.
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