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 Bitcoin and other Cryptocurrencies v2

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SUSAllnGap
post May 23 2017, 10:47 PM

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https://www.bfxdata.com/positions/btcusd

this is interesting
SUSAllnGap
post May 24 2017, 08:35 AM

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QUOTE(WooTz @ May 24 2017, 07:05 AM)
$200 first, baby steps

https://reddit.com/r/ethtrader/comments/6cx...he_next_one_is/

Will we see a hat trick? Then we can add another oracle into the mix!

Yay! A compromise has been achieved! I hope I can finally shut up about mempools!

Bitcoin Scaling Agreement at Consensus 2017

May 23, 2017

We agree to immediately support the following parallel upgrades to the bitcoin protocol, which will be deployed simultaneously and based on the original Segwit2Mb proposal:

Activate Segregated Witness at an 80% threshold, signaling at bit 4
Activate a 2 MB hard fork within six months


We are also committed to the research and development of technical mechanisms to improve signaling in the bitcoin community, as well as to put in place communication tools, in order to more closely coordinate with ecosystem participants in the design, integration, and deployment of safe solutions that increase bitcoin capacity.
We welcome all companies, miners, developers, and users to join us and help prepare bitcoin for the future.
The group of signed companies represents a critical mass of the bitcoin ecosystem. As of May 23, this group represents:

56 companies located in 21 countries
83.28% of hashing power
5.1 billion USD monthly on chain transaction volume
20.5 million bitcoin wallets

Separately, as of May 23, the following companies have committed to provide technical and engineering support to test and support the upgrade software, as well as to assist companies with preparing for the upgrades:

Abra|BitClub Network|Bitcoin.com|BitFury|BitGo|Bitmain|BitPay Blockchain|Bloq|Circle|RSK Labs|Xapo
If you wish to dedicate technical and engineering support from your team, please let us know and we will include you in the list above.

Supporters as of May 23:
1Hash (China)
Abra (United States)
ANX (Hong Kong)
Bitangel.com /Chandler Guo (China)
BitClub Network (Hong Kong)
Bitcoin.com (St. Kitts & Nevis)
Bitex (Argentina)
bitFlyer (Japan)
Bitfury (United States)
Bitmain (China)
BitPay (United States)
BitPesa (Kenya)
BitOasis (United Arab Emirates)
Bitso (Mexico)
Bitwala (Germany)
Bixin.com (China)
Blockchain (UK)
Bloq (United States)
btc.com (China)
BTCC (China)
BTC.TOP (China)
BTER.com (China)
Circle (United States)
Civic (United States)
Coinbase (United States)
Coins.ph (Phillipines)
CryptoFacilities (UK)
Decentral (Canada)
Digital Currency Group (United States)
F2Pool (China)
Filament (United States)
Gavin Andresen (United States)
Genesis Global Trading (United States)
Genesis Mining (Hong Kong)
GoCoin (United States)
Grayscale Investments (United States)
Guy Corem (Israel)
Jaxx (Canada)
Korbit (South Korea)
Luno (Singapore)
MONI (Finland)
Netki (United States)
OB1 (United States)
Purse (United States)
Ripio (Argentina)
Safello (Sweden)
SFOX (United States)
ShapeShift (Switzerland)
surBTC (Chile)
Unocoin (India)
Vaultoro (Germany)
Veem (United States)
ViaBTC (China)
Wayniloans (Argentina)
Xapo (United States)
Yours (United States)
Note: BitGo was erroneously included in this initial published list. This has since been corrected.

And just like that, my crypto portfolio shifts, BTC will become a 20% hodl starting today.
*
is it a hard fork ?? tumbling 30%
like this ??



user posted image

This post has been edited by AllnGap: May 24 2017, 08:36 AM
SUSAllnGap
post May 24 2017, 10:03 AM

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QUOTE(jack2 @ May 24 2017, 09:43 AM)
wah... bitcoin is keeping high n high....
*
user posted image

dunt buy liao.....support around 2k.

u see the order distribution is very volatile around 2 - 2.7k

still best price to buy is at 1.7-1.8k area. wont die at that area


SUSAllnGap
post May 24 2017, 10:03 AM

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QUOTE(jack2 @ May 24 2017, 09:43 AM)
wah... bitcoin is keeping high n high....
*
user posted image

dunt buy liao.....support around 2k.

u see the order distribution is very volatile around strong buy at 2k. strong sell at 2.7k
still best price to buy is at 1.7-1.8k area. wont die at that area

This post has been edited by AllnGap: May 24 2017, 10:05 AM
SUSAllnGap
post May 24 2017, 10:33 AM

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QUOTE(blueblueoutofblue @ May 24 2017, 10:25 AM)
is it possible, let say, group of people manipulating the bitcoin price?

let say, they hold total of 30B-50B of bitcoin, what they do is, when it reach certain price , since they might have certain amount of reserve like 10B, they will in one short dump 30B-50B bitcoin,

of course, they already earn the profit from there, at the moment the dump the price, the dump 10B bitcoin as MARGIN sell

They will earn from dumping of bitcoin earlier, and also, from margin sell, once the bitcoin reach certain of threshold point, they will close the margin sell position, most likely at this point will profit cool between 20B-30B

and they pump this cool profit 20B-30B into the bitcoin or other altcoin.

So, what you guys think?
*
whoever got more cash can do what they want. (price manipulation is when u can push however u want)
in forex market is the central banks and banking mafia can push them as it is.

as for this u look at the daily volume, highest around 300k coins, roughly about USD 600mil. (daily transaction volume of USD 600mil at all exchanges)
given margin trade leverage around 3 times, so with USD 200mil u can basically push it anyway u want. maybe less than that....

no need 30B bro whistling.gif

but due to the delay and transaction costs, so maybe sharks are not so interested cuz it's way too slow to whack (manipulate).
once the transaction time and costs is lowered down u can expect this shit to swing crazily.

This post has been edited by AllnGap: May 24 2017, 10:35 AM
SUSAllnGap
post May 24 2017, 11:05 PM

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very thick buyer/seller concentration at these levels.
2400 is seller zone

refer to yellow dot
user posted image

This post has been edited by AllnGap: May 24 2017, 11:06 PM
SUSAllnGap
post May 24 2017, 11:17 PM

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QUOTE(jack2 @ May 24 2017, 11:10 PM)
Intel Celeron G1840 Processor (2.80Ghz) x 1
    Biostar TB85 Motherboard (Socket 1150) x 1
    128GB Solid State Drive (SSD) x 1
    4GB DDR3 1600Mhz Desktop Memory Ram x 1
    Cougar GX1050 1050 Watt Modular Power Supply (80 Plus Gold) x 1
    Sapphire Nitro + Radeon RX 470 OC 8GB GDDR5 PCI-E Graphic Card x 6
    PCI-E 16X to USB 3.0 Adapter Riser Extension Cable x 6
    Motherboard Power ON/OFF Restart Switch Cable x 1
    Mining Rack x 1
    Genuine Windows 10 Professional 64Bits OEM License x 1
    Exclusive Ethereum (ETH) / Zcash (ZEC) Mining Software x 1
How much do you think all of these?
*
~12k
PSU not powerful enough man.
6GC already take 1kW.
SUSAllnGap
post May 24 2017, 11:40 PM

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QUOTE(maranello55 @ May 24 2017, 11:24 PM)
A question that ive been asking...

say if u have 12k, why dont u just buy ETH or btc instead of spending it to set mining pc?
*
i've done the calculation myself.
lets say ur return is 10% per month (consider fixed price, means month1 to month10 same price, no appreciation).
then at the end of 10th month u got free hardware, maybe can mine other coins ??

but looking at the current increment is much faster to trade, or buy and hold, cuz 4months already doubled.

and for small operations is very problematic, i have a friend doing bitcoin, u can park ur machine at his house.
line problem, later unit problem, unit problem RMA take 3weeks, so 3weeks no running. lotsa funny shit wan.
if u mine 10 units ur house wiring need to change fuse and others, one unit with 6GC running like 1hp AC.
so definitely house wiring/fuse gotta change

if u wanna mine 1 unit i dunt think worth the time, seriously way too many things to learn to get proper setup.

say rugi actually wont cuz GC warranty up to 2years. if after 1year u already ROI, sell back GC still can profit
BITCOIN is using ASIC miner (specialized chip that defeat GC), 2 other ETH and one other is GC intensive ones.

TNB wise ours is half of omputeh rates, but find house and mine there, dont find commercial rate.



conclusion is
1. technical knowhow & time for the scale you are doing worth it or not
2. increment rate of that coin might be faster than your hardware mining
3. can you hold on the coin you mine while bleed TNB bills monthly ?? lets say your coin down for 4months, u sell off u even rugi your TNB, but u still gotta pay TNB (u need cashflow to pay for TNB also ya)
4. GC wont lose money if u ROI within 12months, cuz u can still sell it off for at least 30%
5. maybe after ROI can flip to the next ETH ??

This post has been edited by AllnGap: May 24 2017, 11:49 PM
SUSAllnGap
post May 25 2017, 12:08 AM

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QUOTE(maranello55 @ May 25 2017, 12:01 AM)
Thanks for the long reply mate smile.gif

Yeah thought abt the extensive hike on the rate vs cost and maintenance of mining.
i mean, i would bought coins instead of spending money and time to mine if i have the capital now.
*
i seriously dunt think worth the effort and time to mine for small setup.
that's my opinion lo.....

if u wanna get free GC at the end of the day can go ahead la.

or if u know your local abam TNB that can close 2 eyes and minus a zero from your bill then u can cukur biggrin.gif whistling.gif
SUSAllnGap
post May 25 2017, 12:18 AM

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QUOTE(maranello55 @ May 25 2017, 12:14 AM)
free gc lmao...and sell after break even n get extra profit.

and sell btc when the rate is high lor....

but if mine in the office gg lor...coz commercial rate lmao
*
i dunno about office rate, but 1kW roughly about RM 200 for house.

and also dont know later this year TNB increase again then increased cost.

SUSAllnGap
post May 25 2017, 10:02 AM

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QUOTE(archangel22 @ May 25 2017, 09:44 AM)
Institutional money. New exchanges worldwide need to stock up BTC as reserve cryptocurrency.
BTC now should be in the playing field with the Dow. No longer competing with other cryptos.  whistling.gif
*
i look at their order books, most of it is smaller fish buying.
the bigger fish all waiting around 2000 area

but buying on china side is like 3x buyer to 1x seller. only on china side ya.
i think china exchange open back so they turbo d.

yet all is small small buyer only
SUSAllnGap
post May 25 2017, 01:37 PM

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QUOTE(WooTz @ May 25 2017, 01:32 PM)
Another case of the USDT fiasco, it's currently $1.06 for each USD backed.

Effing ludicrous
*
http://www.zerohedge.com/news/2017-05-03/w...-style-collapse

how true is this article about bitfinex ??
SUSAllnGap
post May 25 2017, 01:51 PM

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QUOTE(WooTz @ May 25 2017, 01:48 PM)
Not this time, just look at the volume surrounding USDT, the culprit is Polo

https://coinmarketcap.com/assets/tether/#markets

nice difference between ETH and ETC
*
wtf is tether ?
lmao....into twilight zone again
SUSAllnGap
post May 25 2017, 01:56 PM

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QUOTE(WooTz @ May 25 2017, 01:55 PM)
A stablecoin, which Poloniex used fully to evade all sorts of regulation that both Gemini and GDAX dutifully complied.

If we can see such spreads, polo is definitely crapping the bed and ruining everyone's party.
*
then how can they manipulate it as it's 1USD ?
how can it be 1.06 ?? LOL
SUSAllnGap
post May 25 2017, 08:23 PM

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QUOTE(bonedragon @ May 25 2017, 07:45 PM)
its one thing for a bull run but aren't you guys worried about the sustained rocketing over the past couple weeks? What's the underlying fundamentals driving this bull run, any new regulatory relaxation or something i haven't heard about?
*
i think is china open back their exchange, previously they banned withdrawing cash from exchange.

i think it's dangerously high cuz many prices did not retest at all.

SUSAllnGap
post May 25 2017, 08:30 PM

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QUOTE(bonedragon @ May 25 2017, 07:45 PM)
its one thing for a bull run but aren't you guys worried about the sustained rocketing over the past couple weeks? What's the underlying fundamentals driving this bull run, any new regulatory relaxation or something i haven't heard about?
*
the other day was japan opening up their market, so new money flow in, then korea open bitcoin exchange, so another new money flow in......

crazy

KOREAN BITCOIN PRICE $ 4,500 USD !!!!

https://cointelegraph.com/news/bitcoin-pric...-race-continues


user posted image

This post has been edited by AllnGap: May 25 2017, 08:34 PM
SUSAllnGap
post May 25 2017, 08:43 PM

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QUOTE(blueblueoutofblue @ May 25 2017, 08:40 PM)
LOL ,

Damn it !
*
take hard wallet fly there to sell also worth it.....one time sell 30biji can earn one apartment d
$1700 x 30 = $51k

AirAsia X flight RM 1k+ 2 way only.....

This post has been edited by AllnGap: May 25 2017, 08:43 PM
SUSAllnGap
post May 25 2017, 08:47 PM

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QUOTE(blueblueoutofblue @ May 25 2017, 08:46 PM)
Y $1700?

Lol
*
your profit ma.....
$4500 (korea) - $2700 (global) = $1,700 per coin....

then minus some losses to exchange the money back here

This post has been edited by AllnGap: May 25 2017, 08:48 PM
SUSAllnGap
post May 25 2017, 08:54 PM

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QUOTE(blueblueoutofblue @ May 25 2017, 08:51 PM)
😂

Quite true
Organizer a bisnis trip to sell BTC there tongue.gif
*
come u guys pool up all your BTC, i go there settle for u...... laugh.gif laugh.gif laugh.gif

see carry gold bar 0.5kg back or a few biji rolex back

SUSAllnGap
post May 25 2017, 08:56 PM

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QUOTE(b0rhui @ May 25 2017, 08:53 PM)
So need to declare what's in your hardware wallet or not? laugh.gif
*
problem is when u handcarry back ler....

i've known some syndicate would do this just for merely 6% difference.
airflown USD to indonesia, then carry rupiah back

mind u this is more than 60% difference man.....

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