rjclarke2000
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Activity: 1358
Merit: 1016
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July 27, 2017, 07:14:01 PM |
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Floyd Mayweather just hash tagged bitcoin & eth in his latest instagram post.
Just saying.
Ha ha ha what? Floyd bitcoin Mayweather? |
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If you want to be a moderator, report many posts with accuracy. You will be noticed.
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yonton
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July 27, 2017, 07:37:50 PM |
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Bitcoin in my teeth wen I talk they spark
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JayJuanGee
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Activity: 3710
Merit: 10211
Self-Custody is a right. Say no to"Non-custodial"
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July 27, 2017, 08:15:08 PM |
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The strength in here given the news and previous action/set-up is making me wonder if we haven't just had another 'Silk Road' moment.
For those who recall they will know what I'm talking about. It essentially marked the beginning of the legendary Sept/Oct/Nov final wave up in 2013 ... bitcoin had been relatively flat after the 'Cyprus moment' April/May wave to 266 off 15 lows.
I think the goldman sucks call to $3600 is where we'll end up after peaking at >$12,000.
$12.000 this year seems a bit too bullish for me. We have had way bigger runs in the past though. I do agree that even the BTC-E issue could be somewhat bullish. Let's face it, that exchange was operating completely out of any basic regulation. There's something wrong with this statement - that seems to be applauding the strong arm of government, and likely stealing and loss of user funds because of governmental actions... The fine of $100million on BTC-e is outrageous and exceedingly likely to cause user funds to be used in either defending the actions or paying the fines. I don't know if the situation is bullish - even though silk road ended up being bullish, merely because bitcoin was in a different place at that time, and the death of bitcoin had been greatly exaggerated.. there could be some bullish aspects that could take a large quantity of bitcoins out of circulation for an extended time? |
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_javi_
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July 27, 2017, 08:45:41 PM |
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mymenace
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Activity: 1596
Merit: 1061
Smile
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July 27, 2017, 09:00:55 PM |
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ivomm
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Activity: 1853
Merit: 2841
All good things to those who wait
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July 27, 2017, 09:08:16 PM
Last edit: July 27, 2017, 10:18:07 PM by ivomm |
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Jesus, those 1-2K sell walls at 2600 in bitfinex eaten so fast  |
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yonton
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July 27, 2017, 09:15:08 PM |
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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July 27, 2017, 09:30:52 PM |
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First McAfee, now Scaramucci From the organ of the President:  |
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Dakustaking76
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July 27, 2017, 09:42:27 PM |
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Were riding upwards Bumpy ride here we go again |
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YamashitaRen
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July 27, 2017, 09:49:35 PM |
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Byebye train, have a nice ride  |
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RayX12
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July 27, 2017, 09:50:44 PM |
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Looks like Rothschild is buying more cheap coins. |
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Dakustaking76
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July 27, 2017, 09:51:36 PM |
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Byebye train, have a nice ride Why your not happy?  |
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trackermut
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Activity: 62
Merit: 10
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July 27, 2017, 09:57:58 PM |
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I keep wondering the same thing.. When are they gonna come and buy some?? Because when they do everything will go apesh!t.. with blood and paper money flying on the walls. The exchanges will go absolutely bonkers! Vertical will be the way! Trying to flush out coins from all corners of the world with a higher, higher and higher price for each coin from those that hodl so they can regain control of the manipulation. 
it buys otc, but only after crashing the market to the best of its ability. This. This is how it works. The most bullish scenario I can imagine right now has nothing to do with SegWit, or aversion of a hard fork, or any of that crap. None of that is even remotely interesting. The bullish scenario has to do with the CFTC approval of bitcoin option swaps through LedgerX. That's supposedly coming online in Sept/Oct. timeframe. With that we could see some large hedge fund money move in, but not before they first short the market into the absolute ground to shake out weak hands. If Sept/Oct passes with no new money coming in, or even after the first of the year in 2018, then I don't see anything else as bullish on the horizon right now. Looking for someone to quote the LedgerX story, Read yesterday can see Hedge funds eyeing Bitcoin and its volatility, don't automatically see as good for the ecosystem at this early stage. Came to same conclusion they will short the hell out of bitcoin. |
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YamashitaRen
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July 27, 2017, 10:06:38 PM |
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Byebye train, have a nice ride Why your not happy? Had the great idea to stop trading for today after my little short profit cause I was tired etc... Didn't prevent me from looking at the charts and thinking I was missing nice opportunities  Now bitcoin will play rollercoaster while I'm asleep |
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r0ach
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Activity: 1260
Merit: 1000
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July 27, 2017, 10:20:41 PM |
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Yeah. See, the thing is: none of that is dependent upon SegWit. A fix for malleability -- any fix for malleability -- simplifies those advances, but even that is not required for the features of which you speak.
The bitcoin market is in deep shit once the general public finds out Lightning Network isn't a valid scaling solution. Sure, it works as a CENTRALIZED scaling solution, but not a decentralized one. Not that the base bitcoin network itself is even decentralized in the first place. The market can remain irrational longer than you can remain solvent, but on a long enough timeline, dumping bitcoin for silver (while silver is at the floor) is the best move you can make in the long run right now. Sure, some idiot could pump BTC higher, but there is no valid scaling solution, and it's useless without scaling. It's value prospect is also supposed to be based on decentralization, and it's not even decentralized either! There's no god damn fundamentals for it anywhere! It's all just a pump and dump scheme at this point. |
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RayX12
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July 27, 2017, 10:21:16 PM |
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Byebye train, have a nice ride Why your not happy? Had the great idea to stop trading for today after my little short profit cause I was tired etc... Didn't prevent me from looking at the charts and thinking I was missing nice opportunities Now bitcoin will play rollercoaster while I'm asleep Roller coaster not! Rocket yes!  |
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BTCtrader71
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July 27, 2017, 10:21:59 PM |
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I do agree that even the BTC-E issue could be somewhat bullish. Let's face it, that exchange was operating completely out of any basic regulation.
There's something wrong with this statement - that seems to be applauding the strong arm of government, and likely stealing and loss of user funds because of governmental actions... The fine of $100million on BTC-e is outrageous and exceedingly likely to cause user funds to be used in either defending the actions or paying the fines. I don't know if the situation is bullish - even though silk road ended up being bullish, merely because bitcoin was in a different place at that time, and the death of bitcoin had been greatly exaggerated.. there could be some bullish aspects that could take a large quantity of bitcoins out of circulation for an extended time? There are still lots of people who know very little about bitcoin except that it's used by cybercriminals and it went bankrupt a few years ago when Mt Gox got hacked and all the bitcoins got stolen and the bitcoin CEO got arrested and it's a big scary black box as far as they are concerned. If they hear that the Mt Gox hacker got caught and the good guys are taming the wild beast, it will seem a little bit less scary. Bullish. |
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Syke
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Activity: 3878
Merit: 1193
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July 27, 2017, 10:32:25 PM |
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dumping bitcoin for silver (while silver is at the floor) is the best move you can make in the long run right now.
Sure, you might get 2x out of silver. I see 10x out of Bitcoin as far more likely, even without a scaling solution, just with the block reward halvings to come. |
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Dotto
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Activity: 981
Merit: 1005
No maps for these territories
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July 27, 2017, 10:38:06 PM |
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looks like finex will credit bch [bcc] using "socialized distribution coefficient" Bitcoin Cash (BCH) Token Distribution
July 27, 2017
A minority of Bitcoin miners will be forking on August 1st, 2017 to create a new chain called Bitcoin Cash. The fork does not impact Bitcoin balances, but it creates a new token. At the time of the fork, all Bitcoin addresses holding a balance will automatically have equivalent balances in Bitcoin Cash.
There has been a variety of responses by the community about how to handle this new token. After a significant show of interest from our customers, we have decided to take steps to facilitate the distribution of Bitcoin Cash balances to those holding a settled Bitcoin balance on Bitfinex. We may also list markets for this new token, but that decision will be made after the fork event.
Although we see this token referred to as BCC on other platforms, unfortunately, that ticker symbol is already in use on our platform by the chain-split token representing Bitcoin Core. As such, we plan to use BCH as the ticker symbol and “Bcash” as the descriptive name to avoid confusion with Bitcoin.
Although several months ago, we developed a methodology for handling contentious hardforks, we will be applying a different methodology for what we regard as a spurious forking of the Bitcoin project with little mining support. Although we have not supported such Bitcoin UTXO-based distributions in the past (Stellar Lumens, Clams, etc.), we will support the distribution of Bitcoin Cash due to significant customer interest.
Distribution Policy
BCH will be distributed to settled bitcoin wallet balances as of the UTC timestamp of the first forking block, which is expected to occur on August 1st, 2017.
The token distribution methodology will be:
All BTC wallet balances will receive BCH
Margin longs in BTC/USD and margin shorts in XXX/BTC will not receive BCH
Margin shorts in BTC/USD and margin longs in XXX/BTC will not pay BCH
BTC Lenders will receive BCH
Due to the net amount of BTC committed in margin positions at the time of the fork, the above methodology may result in Bitfinex seeing a surplus or deficit of BCH. As such, we will be resolving this discrepancy in the form of a socialized distribution coefficient. For example, currently, there are more longs than shorts on the platform, causing a distribution coefficient of ~1.091 (Meaning that for each qualifying BTC a user will receive 1.091 BCH). The actual coefficient will be calculated at the moment of the distribution. Please note that if there are more shorts than longs at the fork event, this coefficient will be less than one. This coefficient can be roughly computed from publicly available information from our API (longs & shorts) and the Blockchain (cold storage).
We recognize that this model is not perfect, but given the short time frames imposed upon us, better choices are not available. It would be an undue burden to create negative BCH balances for BTC/USD shorts and XXX/BTC longs. Furthermore, lenders may be locked in for up to 30 days and would be adversely impacted. In the end, we believe that this solution creates the least amount of disruption and facilitates a timely distribution of BCH.
Margin longs who wish to receive BCH should consider either claiming some or all of their position or exchanging and holding BTC collateral in their margin wallet as opposed to other assets. We hope to make withdrawals available soon after the fork, assuming everything is fine with the BCH blockchain.
Once again we want to reassure our customers that your bitcoin is safe and this event will not affect your bitcoin balances, positions, or loans - you will simply be receiving an additional token balance based upon the aforementioned methodology.
Way more professional way of handling it then Bitstamp and Polo. Cheers to them. |
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