[ANN][Main] Bitcore- BTX - 1:1 Backed BSC Bridge BTX <->SBTX

[Vlad2Vlad]

BTC and alts need capitulation before starting the next run.  We’ll probably see another big drop soon. 

this is what i have seen in some private whales group, they were talking about a real bleed on crypto before the next bull run

i wonder how to get into this group. what is going on in the market is the hype go down. a large amount of money can launch a new missile very quickly but as long as they do not go to market there will be a fall.

Just a wild guess here but I’m thinking you have to be a whale. 

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[Saverenergy]

BTC and alts need capitulation before starting the next run.  We’ll probably see another big drop soon. 

this is what i have seen in some private whales group, they were talking about a real bleed on crypto before the next bull run

I fully agree with you, there will be another grand dip until September 30th. Because on September 30 there will be one more consideration of the SEC for an application for permission to trade bitcoin futures. But, what will happen after ...

[LemonAndFriesOne]

Tesla has a lot of techie investors who most likely also bought into BTC.

Tesla caused a lot of shorts to be lost with a tweet, thus Tesla investors needed to recover their losses from their lost shorts.

Possible hypothesis for drop.

[JollyGood]

Strangely, the volatility only seems to be too much during a bear market, or when one happens to have bought high.
Nobody cares during the bull run, they just feel like geniuses.

What needs to happen is for people to think for themselves before they act. You must be crazy to start buying at 17k. Parabolic growth never lasts and is always followed by a strong correction.
If you cannot afford to hodl for years, don't buy. If you cannot stand a bear market, don't FOMO in. In fact, just don't FOMO under any circumstances.

People should do some research before getting into a novel asset class. But who wants to do that?

The situation of the market does not make ideal conditions to anything. You cannot buy or sell with confidence for short term money and you cannot hold on to them because of fear of where the market is going.

This low price falling market does nothing to boost confidence though at some point it will make it more appealing for people to buy at low prices in the hope they make a profit later.

[stolarzz]

Bitcore team what do you think about FPGAs or ASICs on your algo?
Are you going to fork or not?

Regards

[gwestcot]

There’s so much manipulation in bitcoin and crypto in general that it’s hard to make educated guesses.  I’m going with gut feeling right now so I could be wrong. 

Yes there is too much manipulation. People who control or own a large exchange and hold large quantities of crypto probably have something to do with it.

Think about it, there are people that purchased Bitcoin in January 2018 when Bitcoin was trading at $17,000+ each. Now they have lost 70% of that value. The volatility is too much. Something needs to change but what and how?

Strangely, the volatility only seems to be too much during a bear market, or when one happens to have bought high.
Nobody cares during the bull run, they just feel like geniuses.

What needs to happen is for people to think for themselves before they act. You must be crazy to start buying at 17k. Parabolic growth never lasts and is always followed by a strong correction.
If you cannot afford to hodl for years, don't buy. If you cannot stand a bear market, don't FOMO in. In fact, just don't FOMO under any circumstances.

People should do some research before getting into a novel asset class. But who wants to do that?

From an investment standpoint you are correct but from a usability standpoint you are decidedly wrong. Relatively stable value is a necessity to go along with scaling and also privacy. Right now there are no cryptocurrencies that even remotely satisfy those 3 basic requirements. The parabolic growth is nearly as dangerous as the crashes in ensuring that crypto is never used as a currency. I have been saying it for almost a year now but a new block reward algo that is based in sound economics is a necessity.

I was partly being ironic because people always complain in hard times. Of course volatility hampers usability.
But maybe at the same time, if people were more conscious about their decisions in the crypto market instead of blindly FOMOing and hoping to profit, volatility would also be reduced.

I doubt the block reward which you mention is an important cause for the volatility, at least not presently.

And I have really not made up my mind about whether I even want crypto assets to be a proper currency. They are great in providing an outlet to temporarily opt out of or circumvent fiat currencies in specific cases, giving us control where we didn't have it before. They don't need to replace them completely though.

Of course the block reward algorithm affects people's actions as far as speculation. You make a deflationary currency and of course people speculate on it rather than using it for its intended purpose. You need to do away with block halving, total supply sup, and lastly come up with an algo that is moderately adaptive but avoids the terrible feedback loops that have happened in the past. This is really the number one issue in crypto right now. The next is of course scaling but at the moment scaling solutions are available but Bitcoin maximalists are unwilling to change and thus the movement has been hijacked. You say that you don't want crypto to act as a currency but will you still be saying that after all major fiat currencies fail. It will happen and it is only a matter of time and math.

[p33k]

Have there been any Nvidia miners released recently that improve mining BTX? 

[metallicelmo]

Guy do you have any new partnerships or new features coming up? I was just wondering what the overall status of the coin is after the airdop finished early this year.

[mymenace]

Guy do you have any new partnerships or new features coming up? I was just wondering what the overall status of the coin is after the airdop finished early this year.

Shall we play a game

[broadhurst]

BTX train will shortly be departing main BTX station.Please wait outside as front door is only painted to wall and not real door due to lack of funds but it does look good ya?Plz also note this service will not be stopping as it is non stop express service only due to free fall to bottom once we reach the top of any near large hill as brakes will not be in operation.

That is so funny but it sums up where the BTX price is now- I think we hit the moon in Dec / Jan but have now re-entered earths atmosphere and crash landed in the middle of nowhere.
Everybody sold their free airdrops as we were breaking up on re-entry.

[JollyGood]

Bitcore team what do you think about FPGAs or ASICs on your algo?
Are you going to fork or not?

Regards

They said they wanted BTX to be ASIC resistant so no chance they will divert from the whitepaper.

[bspus]

Of course the block reward algorithm affects people's actions as far as speculation. You make a deflationary currency and of course people speculate on it rather than using it for its intended purpose. You need to do away with block halving, total supply sup, and lastly come up with an algo that is moderately adaptive but avoids the terrible feedback loops that have happened in the past. This is really the number one issue in crypto right now. The next is of course scaling but at the moment scaling solutions are available but Bitcoin maximalists are unwilling to change and thus the movement has been hijacked. You say that you don't want crypto to act as a currency but will you still be saying that after all major fiat currencies fail. It will happen and it is only a matter of time and math.

If by scaling solutions at the moment you mean blocksize increase, I certainly disagree and thank god bitcoin devs see it this way. But there is no way for anyone to convince the other. Thankfully, we can all choose the coin that fits our ideals best.

I actually wouldn't mind a perpetual increase in supply so long as it was just slow enough to cover the inevitable lost forever coins by those idiots that lose the keys or (I expect this to be a problem in the future) hodlers that simply die without sharing their keys.
I said it's not a problem presently because blovk reward is still decent.

If I expected fiat currencies to fail, I would probably expect crypto to replace them, but I don't expect them to fail. They serve the states and governments very well. They will continue to use them and bleed the people off their savings.

[Saverenergy]

Bitcore team what do you think about FPGAs or ASICs on your algo?
Are you going to fork or not?

Regards

They said they wanted BTX to be ASIC resistant so no chance they will divert from the whitepaper.

Brother, yes, no one will ever made up with the release ASIC for a mining the Timetravel algorithm and mining Bitcore. Because it is not needed by anyone. Till.

[gembitz]

That is the problem with trends. Nobody can estimate when the bounce will happen to recover from the drop. The market recently has been dropping and it worries plenty of people including myself.

What makes you there will be another massive drop before recovery starts? Another big drop will damage invesstor confidence even more so rather than see a drop in one go I would prefer it if that same drop happened over a period of several days instead of a few hours.

There’s so much manipulation in bitcoin and crypto in general that it’s hard to make educated guesses.  I’m going with gut feeling right now so I could be wrong.  

signature campaigns are the biggest problem in crypto?...thanks for playing!!    weeeee

[crush]

Bitcore team what do you think about FPGAs or ASICs on your algo?
Are you going to fork or not?

Regards

Right now, I think there are not many coins use same algorithm as Bitcore, so there is less possibility to invent a completely new ASIC miner for BTX. And inventing a new ASIC miner will be really expensive, Bitmain won't do that I think.

[HardFireMiner]

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

[sparker327]

What happened to BTX twitter? https://twitter.com/Bitcore_BTX ?

the same thing that happened to BTX

[den_penta]

As I see:

nothing happens with BTX from the end of June if we will measure it in Ethereum. +/- the same 0.004ETH per BTX

Of course it is not good news but it's not bad news IMHO.
Sort of robustiness.
And main conplain here is not about BTX but about whole market itself.
If ETH goes cheaper in fiat -> i just buy more ETH and convert it into more BTX.
My fiat costs goes lower but risks stays ~ the same (as whole crypto-market).

[gwestcot]

Of course the block reward algorithm affects people's actions as far as speculation. You make a deflationary currency and of course people speculate on it rather than using it for its intended purpose. You need to do away with block halving, total supply sup, and lastly come up with an algo that is moderately adaptive but avoids the terrible feedback loops that have happened in the past. This is really the number one issue in crypto right now. The next is of course scaling but at the moment scaling solutions are available but Bitcoin maximalists are unwilling to change and thus the movement has been hijacked. You say that you don't want crypto to act as a currency but will you still be saying that after all major fiat currencies fail. It will happen and it is only a matter of time and math.

If by scaling solutions at the moment you mean blocksize increase, I certainly disagree and thank god bitcoin devs see it this way. But there is no way for anyone to convince the other. Thankfully, we can all choose the coin that fits our ideals best.

I actually wouldn't mind a perpetual increase in supply so long as it was just slow enough to cover the inevitable lost forever coins by those idiots that lose the keys or (I expect this to be a problem in the future) hodlers that simply die without sharing their keys.
I said it's not a problem presently because blovk reward is still decent.

If I expected fiat currencies to fail, I would probably expect crypto to replace them, but I don't expect them to fail. They serve the states and governments very well. They will continue to use them and bleed the people off their savings.

Well, Lightining Network will be a catastrophe so I would welcome a blocksize increase far sooner than I would welcome a more centralized solution that also requires people who run gateways to adhere to MSB regulations.

Well this sentiment has almost no basis in economics at all. Literally people only speculate because of block halving, total supply cap, and the thought that more people will be interested later down the line. I have an algorithm for block reward that is far better. It is both front loaded and fairly dynamic in nature. By front loaded I mean it allows more currency introduction early on in a chain but then it balances out a few years down the line to try and simply offset demand. It isn't perfect but that is by design since if you try to make it perfect it will open it up to bad feedback loops and black swan events. But I 100% have confidence that it is better than no counterweight at all like in the case of Bitcoin.

Well not so fast. Fiat currencies fail all the time and I'm pretty sure the government never wants them to. The problem is that the currency is tied to debt and debt levels are spiraling out of control in most countries but particularly western nations. Fiat currencies will definitely fail within the next 10-15 years due to them being tied to debt and thus inevitable hyperinflation.   

[trandieu025]

I am still puzzled but will find some information about it