nrd525 Market Tracker - page 30. | Bitcointalksearch.org

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: nrd525 on November 11, 2017, 01:54:38 AM

Bitcoin forks are currently trading at 18% of the price of Bitcoin. 14% for Bitcoin Cash and 4% for Bitcoin Gold - with very strong pumps on both. Also the Segwit2x coin is trading at 4%. Crazy times.

I think you should view the Bitcoin Cash pump with a healthy scepticism.

Take a look at the biggest exchanges by volume and you will see that
41.24% of trading volume has taken place at Bithumb (Korean exchange) in the last 24 hours.

https://coinmarketcap.com/currencies/bitcoin-cash/#markets

People with certain accounts or vouchers (you can actually buy them) are able to trade at Bithumb completely without fees, which enables
people to wash trade by essentially buying and selling into their own orders. This is basically the same situation that
existed at the Chinese exchanges back in the day.

nrd525

legendary

Activity: 1868

Merit: 1023

Bitcoin forks are currently trading at 18% of the price of Bitcoin. 14% for Bitcoin Cash and 4% for Bitcoin Gold - with very strong pumps on both. Also the Segwit2x coin is trading at 4%. Crazy times.

nrd525

legendary

Activity: 1868

Merit: 1023

Maybe a good policy for supporting forks is that you will give people the new coin if the fork's price exceeds say 2% BTC (averaged over a week) and has replay protection.

Bitcoin gold is currently trading at almost 4% BTC - so if it sustains the price it might be worth supporting, and the Segwit2x coin might as well (if it happens).

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Quote from: nrd525 on October 31, 2017, 03:21:16 PM

Any ideas on how to get a journalist to pick up the BitConnect ponzi scheme story? I emailed a tip to the [email protected] - but I'm not that good at pitching news stories.

"Pitch: Billion dollar Bitcoin ponzi scheme thrives on YouTube"

Perhaps if we could find a mainstream journalist that covers either Bitcoin or Ponzis and pitch it directly to them (and then they'd pitch to the editor). Hmm, is any main news outlet owned by a YouTube competitor? They might love running a story critical of their competitor Wink

...

Bitcoin 6400 new ATH.

Segwit 2x is super stable in price at 0.15 BTC on Bitfinex.

Yes, SegWit2x is knew for pumping the price of bitcoin and I'm happy that the new ATH is $6400. Concerning, the ponzi scheme I think OgNasty will know from bitcoin news site since he was the manager of their signature campaign back in the day.

nrd525

legendary

Activity: 1868

Merit: 1023

Any ideas on how to get a journalist to pick up the BitConnect ponzi scheme story? I emailed a tip to the [email protected] - but I'm not that good at pitching news stories.

"Pitch: Billion dollar Bitcoin ponzi scheme thrives on YouTube"

Perhaps if we could find a mainstream journalist that covers either Bitcoin or Ponzis and pitch it directly to them (and then they'd pitch to the editor). Hmm, is any main news outlet owned by a YouTube competitor? They might love running a story critical of their competitor Wink

...

Bitcoin 6400 new ATH.

Segwit 2x is super stable in price at 0.15 BTC on Bitfinex.

nrd525

legendary

Activity: 1868

Merit: 1023

With an increasing bitcoin economy there is a greater likelihood that a major exchange will be hacked, that a ponzi will collapse, or that an ICO will be hacked/pull a scam/do something stupid. Bitconnect and Regal Coin seem primed for collapse. There are also a growing number of previously minor exchanges that are now important.

Of course we also have more resiliance.

nrd525

legendary

Activity: 1868

Merit: 1023

Has anyone tried this? Basically hold BTC at Bitmex and then earn interest by shorting it. I have no idea what the tax implications are. If it just counted as interest that would be fine. If it counts (if BTC goes up) as possibly large capital gains and non-deductible interest losses - then it would be very bad tax wise.

https://www.reddit.com/r/BitcoinMarkets/comments/78l5ry/what_are_the_cons_for_the_following_btc_cash_and/

Bitmex also doesn't allow US residents. So you'd need a VPN, or maybe an offshore LLC.

It looks like the swap rates are higher than Bitfinex, but they can actually go negative. Does anyone know what the return on this would be over the past year? Also - what would happen with forks?

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

The IRS won't make any beneficial rulings for users, it goes against their very nature.

The only hope for crypto tax wise is Congress but seeing how they can't get anything done (unless you are wealthy special interest and have republicans in your pocket) I wouldn't hold out hope for the foreseeable future.

nrd525

legendary

Activity: 1868

Merit: 1023

Yeah, I'm not dumping Segwit2x coins. Wait to see how it goes.

Also we really need an IRS ruling on cryptocurrency splits.

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: nrd525 on October 24, 2017, 11:37:58 PM

Bitcoin Gold down to $100 on Bitfinex and they are still premining it. Jimmy Song did an insightful interview with one of the two Bitcoin Gold developers:
https://www.youtube.com/watch?time_continue=2765&v=ACi5ua1wPLg

He was pretty polite about it, but it sounds like their development team is small and lacking experience.

Is that any worse dev wise than bcash or s2x?

I'd rather support bgold over bcash or 2x.

Bottom line, since nya people don't want to throw the towel in on 2x and seem hellbent on pushing that crap upon us, I'll hold and wait. I think it would be foolish to dump anything at this point unless you wanted to get out of crypto completely, which I don't, yet...

nrd525

legendary

Activity: 1868

Merit: 1023

Bitcoin Gold down to $100 on Bitfinex and they are still premining it. Jimmy Song did an insightful interview with one of the two Bitcoin Gold developers:
https://www.youtube.com/watch?time_continue=2765&v=ACi5ua1wPLg

He was pretty polite about it, but it sounds like their development team is small and lacking experience.

nrd525

legendary

Activity: 1868

Merit: 1023

Ha, I wouldn't be surprised if someone wasn't DDOSing the bitcoin gold website.

Bitfinex is a bit of an outlier, but also has the most volume. So price will probably converge towards it - currently 0.02 BTC.
https://coinmarketcap.com/currencies/bitcoin-gold/#markets

There has been one pump so far on BFX (0.036 BTC). Probably another one to come - especially once a wallet starts supporting it.

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: nrd525 on October 23, 2017, 04:43:16 PM

Bgold doesn't have any major figures or miners publicizing it (so far as I can tell). There is no community, a complete lack of transparency (we don't know whether there will be replay protection), and a possible 100k premine.

Bitcoin cash is doing better than expected, though it is consistently dropping compared to Bitcoin.

Despite the obvious problems, my gut is telling me bgold may be more than it appears. I've been wrong before but I'm going to wait and see what happens before I dump it.

Edit: I'm getting 403 Forbidden on their website, not a good sign.

nrd525

legendary

Activity: 1868

Merit: 1023

Bitfinex has a chain split token for Bitcoin Gold trading around 2.5% BTC (by contrast it is 8% on YoBit)
https://www.bitfinex.com/trading/BG2BTC

nrd525

legendary

Activity: 1868

Merit: 1023

Bitcoin Gold futures trading at $500 at Yobit.
https://coinmarketcap.com/currencies/bitcoin-gold/#markets

Yobit is weird. Also has a dice site and an InvestBox which doesn't explain how it makes you up to 0.2%/day.

nrd525

legendary

Activity: 1868

Merit: 1023

Bgold doesn't have any major figures or miners publicizing it (so far as I can tell). There is no community, a complete lack of transparency (we don't know whether there will be replay protection), and a possible 100k premine.

Bitcoin cash is doing better than expected, though it is consistently dropping compared to Bitcoin.

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: nrd525 on October 23, 2017, 04:03:09 PM

BFX USD rate spike is probably over. At 0.09% and falling. Meanwhile BTC rate might spike due to Bitcoin Gold fork in the next 24 hours (or so?). I'm predicting Bitcoin Gold will be a huge failure - maybe worth $50 at the most and then rapidly falling to near zero.

It's going to be super messy when people start forking the forks. I could see revenge forking becoming a thing.

Though at some point even exchanges like Bitfinex will have to start ignoring minor forks and leave them to the alt-coin exchanges.

Bcash is still hanging around, why would you think bgold won't do at least as well?

Personally I think it was a brilliant move to create bgold, now the core devs have a asic resistant fork of Bitcoin to move to if necessary.

nrd525

legendary

Activity: 1868

Merit: 1023

BFX USD rate spike is probably over. At 0.09% and falling. Meanwhile BTC rate might spike due to Bitcoin Gold fork in the next 24 hours (or so?). I'm predicting Bitcoin Gold will be a huge failure - maybe worth $50 at the most and then rapidly falling to near zero.

It's going to be super messy when people start forking the forks. I could see revenge forking becoming a thing.

Though at some point even exchanges like Bitfinex will have to start ignoring minor forks and leave them to the alt-coin exchanges.

nrd525

legendary

Activity: 1868

Merit: 1023

I live in PA.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: nrd525 on October 19, 2017, 03:36:24 PM

Looks like it costs $200 startup and $70 every ten years maintenance.

Wouldn't you need a registered agent in PA (something like $50/yr)?

Topic: nrd525 Market Tracker - page 30. (Read 83024 times)