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[Litoshi]

NXT holders trolling XCR and BTSX threads now... this is hilarious.

Bye bye NXT. Game over.

As soon as the XCR wallet is released, the price of XCR will be 4-5000 sats. 

So just hang in there.  Buy more, sit, wait, and enjoy.

[bitcoinpaul]

NXT holders trolling XCR and BTSX threads now... this is hilarious.

Bye bye NXT. Game over.

As soon as the XCR wallet is released, the price of XCR will be 4-5000 sats. 

So just hang in there.  Buy more, sit, wait, and enjoy.

ETA?

[Bitseed]

In the meantime btc's still falling, time to get into the 2nd gen crypto train peeps 

The reasons for current BTC price weaknesses are interesting. Margin trading is the likely culprit.

Beginning at the beginning (by way of foreplay), missionary position explanations are here:

http://www.coindesk.com/price-bitcoin-falls-500-lowest-level-since-may/


However, the best explanation is probably that margin trading has increased significantly (BTC fire sales are taking place when leveraged traders who get it wrong are forced to close their positions rapidly)

http://www.coindesk.com/margin-trading-crash-price-bitcoin/



Longer term, if regulation clamps down on margin trading to some extent, I adhere to the Telegraphs views on the subject.

http://www.telegraph.co.uk/finance/currency/10960012/Bitcoin-price-to-hit-2000-by-end-of-the-year.html

Quantum,

As for SubStrata, the so called Master(bater) of the Universe, it is obvious that he is just an adolescent investing his allowance so he can buy another game for his X-box.  He is unwilling to learn from those of us with experience, and insists on peeing on the electric fence for himself.  

You cant train a pig by wrestling him in the mud, because the pig likes it.

As for the price of BTC falling:  BTC is being sold to raise capital.  The BTC price has closely followed the stock markets, where margin trading is the rule.  

For those that do not know what margin trading is, it means you pay 10% of the price and borrow the 90% balance at 2% interest.  This allows a trader to buy 10 times as much stock for the same stake.  If the stock rises, the trader either sells and pays the loan, or lets it ride.  Since a trader has to maintain the 10% equity in the stock, if the price falls, he must come up with more cash to maintain the 10% level.  This is called a "margin call".  

Bad part is that to fund a margin call, a trader will sell some of the stock, which causes the stock price to fall further, which necessitates further margin calls, and more selling, more margin calls, more selling, etc............

Anyway, the stock markets have reached what is called a "SIX SIGMA" event.  That means an event with a chance of billions to one of happening.  What it is is complicated, but it is very real.  

The smart money is exiting the market entirely, or is investing in physical silver, gold, or mining stocks.  Oil futures are also popular due to the coming war and the expected $200 a barrel price for crude.  

There will be much happening in the world soon, affecting both the BTC price and XCR by default.  Now that it has been revealed that the MH17 plane was shot down by a Ukranian AirForce fighter with cannon fire and an air-to-air missile, the fuse has been lit on the Russian Front.  

Cybercurrency will play an even more important role in the future.  BTC broke the barriers, but just like MySpace, Lycos, and tape players, something better, faster, and cheaper always comes along and edges the old out.  XCR has a great chance at being the one that bumps BTC off the top.

Litoshi, have you studied complexity theory, like chaos and fractal market theory? Taleb, Mandelbrot, and Edgar Peters have written some good books on the subject. Your outlook is very similar to my own.

[bitcoinpaul]

NXT holders trolling XCR and BTSX threads now... this is hilarious.

Bye bye NXT. Game over.

As soon as the XCR wallet is released, the price of XCR will be 4-5000 sats. 

So just hang in there.  Buy more, sit, wait, and enjoy.

ETA?

And is this dependent on bter? Didn't they say they want to postpone this in light of recent hack events? I'm confused.

[Litoshi]

Litoshi, have you studied complexity theory, like chaos and fractal market theory? Taleb, Mandelbrot, and Edgar Peters have written some good books on the subject. Your outlook is very similar to my own.

Not in a formal way, like going to Stanford.  

Twenty some years ago I realized that by watching TV, I was allowing others to do my thinking for me.  I got rid of the damn thing and spent more time on the net.   Surprising how one article of interest can link to others and still others that can occupy my free time for weeks, but coming away with increased knowledge and insight and a lot to ponder.

That of course leads to more research, more links and leads, and some drift into other areas.  

[megashira1]

will bter die? what do u think guys?

Depends if we think they can swallow the $1M+ they lost to the Nxt hacker. Probably, but until they officially talk, ive withdrawn from BTER.

it is huge money...

If the hacker doesn't return the NXT, Bter will die definitely.

Crypti will replace NXT volume on BTER if distribution goes well.

[SyRenity]

Do you have any plan to list Crypti to other exchange? I don't trust Bter any more, I worry my Crypti in Bter.

Yes, we are working on this at the moment.

We will announce once we integrated with additional exchange.

[samsmith16]

will bter die? what do u think guys?

BTER is a well established exchange with a good international reputation. It should survive because the hacker apparently did not use TOR to disguise his IP address. If this surprising newflash proves correct, he should be picked up fairly quickly and forced to return the NXT. End of controversy. The hacker is just a kid who is (following the heist and subsequent blackmail) very seriously out of his depth. If located in any countries who subscribe to the European Arrest Warrant Scheme (that is, most countries including Ukraine but not Russia) he will be lifted and extradited by Interpol. If US based, heaven knows what they will do to him. Put him on death row probably. At very least, they will be keen to take pictures of his johnson.

Well at the moment the numbers still look good for Bter just 10 BTC off of Bittrex

[Passion_ltc]

Do you have any plan to list Crypti to other exchange? I don't trust Bter any more, I worry my Crypti in Bter.

Yes, we are working on this at the moment.

We will announce once we integrated with additional exchange.

Before or after the release?

[samsmith16]

Do you have any plan to list Crypti to other exchange? I don't trust Bter any more, I worry my Crypti in Bter.

Yes, we are working on this at the moment.

We will announce once we integrated with additional exchange.

don't forget about btc38 they showed interest on the 8th

welcome to btc38.com.

hitbtc would be nice as well
https://hitbtc.com/vote

[SyRenity]

Bter provided a btc address.  That's all. I know it's unlikely but it needs  addressing

We are discussing this matter with Bter, and will post update once we created a good way to demonstrate to the community that the funds are intact.

[SyRenity]

Before or after the release?

After, as Bter still the prime target to allow withdrawing of the funds.

We however will do our best to make this period as short as possible.

[Passion_ltc]

Do you have any plan to list Crypti to other exchange? I don't trust Bter any more, I worry my Crypti in Bter.

Yes, we are working on this at the moment.

We will announce once we integrated with additional exchange.

don't forget about btc38 they showed interest on the 8th

welcome to btc38.com.

hitbtc would be nice as well
https://hitbtc.com/vote

Hitbtc takes years for integration. The user Btc38.com is likely not the exchange.


I would say Bittrex or Poloniex. Both showed in the past, that they can integrate 2.0 coins.

[rtrtcrypto]

Without getting all dramatic.

Bter is done for - they will not get the 45 million NXT back and they have already said they cannot cover these losses.

So, I'm very concerned about the XCR launch now.

Devs need to take control of the 750 BTC under BTERs control NOW/ASAP. The amount of negligence shown by BTER is staggering - full details will scare people on here who don't seem to grasp the severity of the situation. The exchange is going under IMO. This will all happen fast and who knows if there will then be time to wrestle the 750btc from their dead hands.

We need a plan from the devs regarding this - they must have planned for such a situation. Well, now it has HAPPENED. If the 750 btc is gone what then? If it's not gone yet, get them away from Bter as soon as humanly possible.

Bter suffered a loss of 45 million NXT and 112 BTC + had another 500,000nxt that did not exist traded today because of further incompetence. They have already stated that the NXT losses alone would make them unable to pay out.

[samsmith16]

Do you have any plan to list Crypti to other exchange? I don't trust Bter any more, I worry my Crypti in Bter.

Yes, we are working on this at the moment.

We will announce once we integrated with additional exchange.

don't forget about btc38 they showed interest on the 8th

welcome to btc38.com.

hitbtc would be nice as well
https://hitbtc.com/vote

Hitbtc takes years for integration. The user Btc38.com is likely not the exchange.


I would say Bittrex or Poloniex. Both showed in the past, that they can integrate 2.0 coins.

Oh did it take a long time for hitbtc to integrate NXT? I see they added them on the 8th

[megashira1]

Without getting all dramatic.

Bter is done for - they will not get the 45 million NXT back and they have already said they cannot cover these losses.

So, I'm very concerned about the XCR launch now.

Devs need to take control of the 750 BTC under BTERs control NOW/ASAP. The amount of negligence shown by BTER is staggering - full details will scare people on here who don't seem to grasp the severity of the situation. The exchange is going under IMO. This will all happen fast and who knows if there will then be time to wrestle the 750btc from their dead hands.

We need a plan from the devs regarding this - they must have planned for such a situation. Well, now it has HAPPENED. If the 750 btc is gone what then? If it's not gone yet, get them away from Bter as soon as humanly possible.

Bter suffered a loss of 45 million NXT and 112 BTC + had another 500,000nxt that did not exist traded today because of further incompetence. They have already stated that the NXT losses alone would make them unable to pay out.

Why cant CRYPTI devs just demand the escrow from BTER and be done with them? Everyone in the community would vote in favor of that.

However this may encourage them running as they were banking on CRYPTI volume support.

Best option hold off till the 18th like they stated then take further action if necessary.

[SyRenity]

Why cant CRYPTI devs just demand the escrow from BTER and be done with them? Everyone in the community would vote in favor of that.

Due to escrow terms we will receive the funds once we have launched.

We discussed this with Bter and they willing to cooperate as much as possible to return the confidence in the community. We are preparing the groundwork for this now.

[Litoshi]

Without getting all dramatic.

Bter is done for - they will not get the 45 million NXT back and they have already said they cannot cover these losses.

So, I'm very concerned about the XCR launch now.

Devs need to take control of the 750 BTC under BTERs control NOW/ASAP. The amount of negligence shown by BTER is staggering - full details will scare people on here who don't seem to grasp the severity of the situation. The exchange is going under IMO. This will all happen fast and who knows if there will then be time to wrestle the 750btc from their dead hands.

We need a plan from the devs regarding this - they must have planned for such a situation. Well, now it has HAPPENED. If the 750 btc is gone what then? If it's not gone yet, get them away from Bter as soon as humanly possible.

Bter suffered a loss of 45 million NXT and 112 BTC + had another 500,000nxt that did not exist traded today because of further incompetence. They have already stated that the NXT losses alone would make them unable to pay out.

Why cant CRYPTI devs just demand the escrow from BTER and be done with them? Everyone in the community would vote in favor of that.

However this may encourage them running as they were banking on CRYPTI volume support.

Best option hold off till the 18th like they stated then take further action if necessary.

If the devs just pull out from Bter, demanding the BTC and the genesis block, they would not have the current list of XCR owners.

The devs could then only refund the BTC to the pre-sale investors, as they would have the BTC addresses.  This would likely double pay some who sold XCR and ran.

It would not be practical to fund the investors with XCR, as many have sold their XCR and withdrawn the BTC from Bter.  

The devs can only sit and wait......... just like us.

[rtrtcrypto]

I would imagine going bankrupt is not part of "escrow terms"!!! Wrestle control of the 750 BTC from bter the moment you deem possible - this project likely hangs on that.

Why cant CRYPTI devs just demand the escrow from BTER and be done with them? Everyone in the community would vote in favor of that.

Due to escrow terms we will receive the funds once we have launched.

We discussed this with Bter and they willing to cooperate as much as possible to return the confidence in the community. We are preparing the groundwork for this now.

[cryptozim]

Why cant CRYPTI devs just demand the escrow from BTER and be done with them? Everyone in the community would vote in favor of that.

Not true. I would vote against it. Devs don't get the BTC until they've delivered a product. That was the deal. Enough deals have changed since the original announcement.