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[Litoshi]

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.

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[Elokane]

The price already collapsed from 2500 to 1500. I am not saying that it won't go back to 2500 but it will be extremelly hard to go any higher, since many people are waiting for opportuinty to just sell because of recent failed launches and BTER issues. I was thinking about this coin and about xcloud - picked this one and I guess I made a mistake. No point to invest in xcloud at this point but really looking to get out of this one without too much loss.

I was stupid enough to buy at 2400.

Sorry to be the party pooper, but didn't expect this to go that horribly wrong. Anyway, maybe I will get surprised nicely.

Please. You cannot call the hack issue at BTER a "failed launch". It will launch in a couple of days and everyone will forget about this soon after.

The price only peaked once at 2500 and then dropped because people thought BTER may not be able to honor their agreement with the Crypti devs or provide them with the escrowed funds. When it was obvious that this will not be the case, the price started climbing up again.

[studio1one]

Devs.

I know this is a hard question but it needs to be asked.

If bter are insolvent and cannot provide you the ipo funds. What happens to XCR?

[Litoshi]

He so obviously wants to buy Crypti but wants to lower the price before he buys. Transparent. You are going to need to be a bit more sophisticated than that to lower the Crypti price. Like a freshman fumbling with a brassiere strap. Your main problem in this regard is that vanishingly few existing investors are functionally brain dead. Crypti is where the smart money is (for the moment in any event).

The price already collapsed from 2500 to 1500. I am not saying that it won't go back to 2500 but it will be extremelly hard to go any higher, since many people are waiting for opportuinty to just sell because of recent failed launches and BTER issues. I was thinking about this coin and about xcloud - picked this one and I guess I made a mistake. No point to invest in xcloud at this point but really looking to get out of this one without too much loss.

I was stupid enough to buy at 2400.

Sorry to be the party pooper, but didn't expect this to go that horribly wrong. Anyway, maybe I will get surprised nicely.
[/i][/quote][/i][/size]

Calm down.  XCR will be over 6000 satoshi soon.  NXT is similar to XCR, but has 10 times the coins, and is at 6000 sats.  XCR could reach 60000 sats to be par with NXT.

If you invested non-essential funds in XCR, then you have nothing to lose by waiting, and everything to gain.  If yo invested money that you need for bills, then you are violating one of the rules of successful investing:  Never invest funds that you cannot afford to lose.

Sit back and enjoy the ride.

[ShroomsKit_Disgrace]

Devs.

I know this is a hard question but it needs to be asked.

If bter are insolvent and cannot provide you the ipo funds. What happens to XCR?

They have already stated the opposite. Bter has the BTC funds untouched.

[Litoshi]

Devs.

I know this is a hard question but it needs to be asked.

If bter are insolvent and cannot provide you the ipo funds. What happens to XCR?

They have already stated the opposite. Bter has the BTC funds untouched.

The devs still have all the XCR, and 15million for themselves.  They can still fund further development of XCR, only at a much slower rate.

[studio1one]

Devs.

I know this is a hard question but it needs to be asked.

If bter are insolvent and cannot provide you the ipo funds. What happens to XCR?

They have already stated the opposite. Bter has the BTC funds untouched.

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

[S3MKi]

will bter die? what do u think guys?

[stereotype]

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.

[jiuge]

will bter die? what do u think guys?

I don't think so, if the nxt rollback fail,bter can just stop withdraw any nxt,like cent.Nxt is just one of the alt coins.Anyway,bter will survive,even the clients will suffer a lot.

[samperi649]

will bter die? what do u think guys?

No BTER will survive but lost its credibility for now

[Quantumtangles]

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.

[TheMilkman]

Great, coin dead at launch. :/

[tobeaj2mer01]

@DEV, I want to withdraw Crypti from Bter to local wallet, is there a way???

 XCR didt launched . the plan had changed because of BTER. dev said that they will launch it on Sunday.

Many guys suggest DEV don't use Bter as escrow at the very beginning, but they don't take our suggestion.

[Litoshi]

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.

I'm betting it was an inside job and they sent over the tong gangsters to break his fingers.  

[Kikyca]

Just wait till things resolve... keep coins and wait... coin will be launched just little bit later, it is not the end of the world. Bter is serious exchange and I belive they will resolve situation... The most important thing is to launch the coin

[Litoshi]

@DEV, I want to withdraw Crypti from Bter to local wallet, is there a way???

 XCR didt launched . the plan had changed because of BTER. dev said that they will launch it on Sunday.

Many guys suggest DEV don't use Bter as escrow at the very beginning, but they don't take our suggestion.

If the devs had only used maxmint for escrow, there would not have been any early trading.  Also, maxmint is not an exchange, so the devs would have had to find an exchange to host XCR.  

If everything had gone that way, this blog would be full of complaints of investors wanting their BTC back from maxmint.  We would still have had the delay in the launch due to the same problem with the POS.  And the devs would still be searching for an exchange to host XCR>

Bter served both as an escrow service and an exchange.  They provided an essential service and were well paid for it.  

[abstraktalias]

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

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,

I always appreciate your insight, but do you really believe BTC will eventually be surpassed by another altcoin/platform?

[Litoshi]

Great, coin dead at launch. :/

Words of encouragement from another newby that did not get in on the pre-sale.  

[tobeaj2mer01]

@DEV, I want to withdraw Crypti from Bter to local wallet, is there a way???

 XCR didt launched . the plan had changed because of BTER. dev said that they will launch it on Sunday.

Many guys suggest DEV don't use Bter as escrow at the very beginning, but they don't take our suggestion.

If the devs had only used maxmint for escrow, there would not have been any early trading.  Also, maxmint is not an exchange, so the devs would have had to find an exchange to host XCR.  

If everything had gone that way, this blog would be full of complaints of investors wanting their BTC back from maxmint.  We would still have had the delay in the launch due to the same problem with the POS.  And the devs would still be searching for an exchange to host XCR>

Bter served both as an escrow service and an exchange.  They provided an essential service and were well paid for it.  

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