The candle that had BTC shoot up to 7900 had people like Tone Vays (and others) calling it the annual top. So that combined with the cancellation of the Segwit2x hard fork - makes it a pretty good time to attack Bitcoin and try to replace it with Bitcoin Cash (and even sketchier projects like Bitcoin Gold).
I'm still super skeptical about merchant and general community adoption.
On the other hand, I've definitely been wrong about alt-coins being a bad investment.
There might be a lot of people who are rich due to the Bitcoin and Alt-coin bull markets who have decided they are smarter than they actually are (basically we mostly all got very lucky), and that they are capable of making even more money by having Bitcoin Cash replace (or steal half or most of its community) Bitcoin.
Topic: nrd525 Market Tracker - page 30. (Read 83088 times)
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.
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.
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).
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).
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
...
Bitcoin 6400 new ATH.
Segwit 2x is super stable in price at 0.15 BTC on Bitfinex.
"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
...
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.
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
...
Bitcoin 6400 new ATH.
Segwit 2x is super stable in price at 0.15 BTC on Bitfinex.
"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
...
Bitcoin 6400 new ATH.
Segwit 2x is super stable in price at 0.15 BTC on Bitfinex.
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.
Of course we also have more resiliance.
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?
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?
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.
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.
Yeah, I'm not dumping Segwit2x coins. Wait to see how it goes.
Also we really need an IRS ruling on cryptocurrency splits.
Also we really need an IRS ruling on cryptocurrency splits.
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.
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...
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.
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.
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.
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.
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.
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.
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
https://www.bitfinex.com/trading/BG2BTC
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.
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.
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.
Bitcoin cash is doing better than expected, though it is consistently dropping compared to Bitcoin.
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.
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.
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.
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.
I live in PA.
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