Crypto Currency Thread

Author
Discussion

The Spruce goose

16,426 posts

131 months

Tuesday 25th July 2017
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I save my keys and password on an encrypted usb(normal usb encypted), i have 2 copies of them.

i don't trade much now happy to wait. made a bit but lost so much more cautious now.

Behemoth

1,890 posts

67 months

Tuesday 25th July 2017
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ICOs and tokens are in deep trouble. I'd sell 'em all now (actually I have, already) smilehttps://www.sec.gov/news/press-release/2017-131

The Spruce goose

16,426 posts

131 months

Tuesday 25th July 2017
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Behemoth said:
ICOs and tokens are in deep trouble. I'd sell 'em all now (actually I have, already) smilehttps://www.sec.gov/news/press-release/2017-131
the sec covers the US, the tokens i bought always ask if you are from the usa, if you are they won't allow you to trade them, so nothing new really.

''Morrison v. National Australia Bank Ltd., 131 S. Ct. 2869 (2010) (No. 08-1191). SEC v. Benger, No. 90-c-676 (N.D. Ill. Feb. 15, 2013). In Morrison, the Supreme Court held that Section 10(b) of the Securities Exchange Act of 1934 does not reach extraterritorial reach, rather only applying to “transactions in securities listed on domestic exchanges, and domestic transactions in other securities.”"

it is why poloniex and bittrex steer clear of them.

I guess it depends on how you define the securities aspect of the token.

Edited by The Spruce goose on Tuesday 25th July 22:29

bloomen

1,835 posts

95 months

Wednesday 26th July 2017
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Behemoth said:
ICOs and tokens are in deep trouble. I'd sell 'em all now (actually I have, already) smilehttps://www.sec.gov/news/press-release/2017-131
It's not retrospective though so the most outrageous pisstakes will go unpunished.

In other news BTC-e might have been nailed. It's uncertain yet. They had a good run but there seemed to be a consistent thread of them selectively scamming their customers but keeping the rest sweet enough.

Even if it lives beyond this, its existence won't be tolerated forever.

alan-87

369 posts

141 months

Wednesday 26th July 2017
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So where does everyone do their research? I'm quite a big reader of the telegram groups and occasional reddit user.
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The Spruce goose

16,426 posts

131 months

Wednesday 26th July 2017
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Bitcoin talk fr me. I use slack and other stuff. I actually the Poloniex trollbox was good until they closed it down...

Behemoth

1,890 posts

67 months

Thursday 27th July 2017
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bloomen said:
In other news BTC-e might have been nailed.
Alexander Vinnik, a Russian, was in Greece on holiday when the FBI swooped in. He's accused of siphoning off ~306,000 BTC of the 850,000 Mt Gox loot via BTC-e. Just before or while this arrest was happening, BTC-e shut shop and are attempting to move their servers to a new jurisdiction. And meanwhile a very hefty chunk of BTC has been switched into Monero where it'll never be found again. I'm not sure how Vinnik's connected to BTC-e but there must have been some level of collusion for such large amounts to have traded.

SDarks

Original Poster:

79 posts

28 months

Thursday 27th July 2017
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alan-87 said:
I've only been into crypto for about 4 weeks with no previous trading experience so a steep learning curve having bought eth at £200ea!!

Then got into Ans which i sold at the latest pump. Put the profits into strat and then bought back the same volume of ans when it dumped today.

Also got a tiny amount of golem.

Anyone using hard storage? Ive got a ledger nano s on order but it doesnt reckon it will be here till mid september!
Myself and a friend share a larger nano s Stratis edition. Very very good peice of kit, worth the wait.

btchudson

117 posts

114 months

Saturday 29th July 2017
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Behemoth said:
Look up bitcoin sidechains. Ethereum have just marketed this stuff heavily upfront; the smart contract concept is certainly not theirs alone and Bitcoin is quite capable of carrying this stuff on the side (thankfully at arm's length for security, hence "sidechain"). Rootstock is one.

Nice simple graphic explaining:

Sidechains have application and RSK is a great technology, however sidechains as a scaling solution is unnecessary over engineering. Bitcoin already has the ability to do smart contracts, ethereum due to its coding simplicity bought it to market first. SDK kits are currently in development for BTC that will enable Devs to build on BTC just as easy if not easier than they do on ethereum.



btchudson

117 posts

114 months

Saturday 29th July 2017
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x5x3 said:
The idea of coinbase is good but the time it takes before you can buy significant sums seems over the top - localbitcoin is better but as others have said there can be significant premiums to be paid unless you want to provide extensive proof of ID.

mind sharing the contact name?

PM perhaps?
Id be happy to help, UK bitcoin firm and far cheaper than localbitcoins smile


btchudson

117 posts

114 months

Saturday 29th July 2017
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Behemoth said:
ICOs and tokens are in deep trouble. I'd sell 'em all now (actually I have, already) smilehttps://www.sec.gov/news/press-release/2017-131
ICO market is unstoppable, the SEC decision will continue to push more DLT innovation out of the states. ICOs done outside of the states have been geo blocking stateside investors for a while now, even prior to the SEC decision.

Certainly interesting and to a degree, very much needed. Enforcement, however, is another subject.

x5x3

2,142 posts

189 months

Monday 31st July 2017
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btchudson said:
Id be happy to help, UK bitcoin firm and far cheaper than localbitcoins smile
I just had a look at your website and yes your current price is indeed better than the best at localbitcoin however I'm not sure I understand how your performance fee works?

Behemoth

1,890 posts

67 months

Monday 31st July 2017
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WitnessProtection said:
the flipside of their statement that blockchain assets are securities is an acknowledgement that securities are therefore capable of being blockchain assets. Does that represent a clarification that could see more "respectable" developments I wonder?
Absolutely, yes. It will take a while but it is certain to happen imo.

btchudson

117 posts

114 months

Tuesday 1st August 2017
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x5x3 said:
I just had a look at your website and yes your current price is indeed better than the best at localbitcoin however I'm not sure I understand how your performance fee works?
Hey mate,

The performance fee is not applicable if you just want to buy and sell btc. It's only for a fully managed account. Our OTC desk fees are typically around 1 - 1.5% above or below the XBX index https://tradeblock.com/markets/index/

PM if you'd like to know more, don't want to hijack this thread.

Ikemi

7,805 posts

141 months

Tuesday 1st August 2017
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At over £2000 for a single Bitcoin, have we already missed the market? I remember not so long ago when Bitcoins were around £200-300 each! frown

Is it likely to continue rising much further?

Behemoth

1,890 posts

67 months

Tuesday 1st August 2017
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Ikemi said:
At over £2000 for a single Bitcoin, have we already missed the market? I remember not so long ago when Bitcoins were around £200-300 each! frown

Is it likely to continue rising much further?
I remember people saying similar with a zero chopped off each of your numbers. £200, £20-£30 smile .

I think we'll continue to have high volatility. A sharp drop in the next day or two followed by slower recovery is quite likely. That's short term. I think a longer term rise is on the cards as the technology continues to prove itself and institutional exploration & investment grows.

Much longer term, who knows, we might even be adding another zero to your numbers.

NoIP

559 posts

20 months

Tuesday 1st August 2017
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Ikemi said:
At over £2000 for a single Bitcoin, have we already missed the market? I remember not so long ago when Bitcoins were around £200-300 each! frown

Is it likely to continue rising much further?
Imo, yes. The ongoing turmoil in the noobies end of the crypto-currency market simply makes the relative stability of BTC even more attractive. Long-term? Who knows.

x5x3

2,142 posts

189 months

Tuesday 1st August 2017
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20 minutes to go to the BTC/BCH fork - almost exciting...

Behemoth

1,890 posts

67 months

Tuesday 1st August 2017
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x5x3 said:
20 minutes to go to the BTC/BCH fork - almost exciting...
Xcept nothing will happen. You need to wait until the first new blocks are mined after that moment. That could be many hours later. Even then, you have to wait and see how the new blocks are picked up and by whom, which may well be a non event.

x5x3

2,142 posts

189 months

Tuesday 1st August 2017
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Behemoth said:
x5x3 said:
20 minutes to go to the BTC/BCH fork - almost exciting...
Xcept nothing will happen. You need to wait until the first new blocks are mined after that moment. That could be many hours later. Even then, you have to wait and see how the new blocks are picked up and by whom, which may well be a non event.
Agreed and meanwhile I'm enjoying the chat on r/bitcoin and r/btc