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Showing 5 of 5 results by 8bitrobot
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Board Announcements (Altcoins)
Re: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digitalcurrency
by
8bitrobot
on 08/11/2017, 22:43:27 UTC
Quote from: mycotoxin on November 08, 2017, 09:23:15 PM
cloakcoinscam get back to trolling  under that bridge!

Segwit2x is now called off  (no free BTC 2x coins)  and its time for cloakcoin to rise and shine !!
The price should adjust itself upwards nicely ..

 

I can see the spike.  Can anyone help me understand the reasoning here?  What does the Segwit2X fork have to with the price of CLOAK?
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Topic
Board Announcements (Altcoins)
Re: [ANN][CLOAK] Private, Secure, Untraceable & Decentralized Digitalcurrency
by
8bitrobot
on 08/11/2017, 20:17:21 UTC
It looks like the Bitcoin hard fork has been delayed: https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

Were the Cloak devs planing their timeline around this event?  Will this delay have an impact?
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Topic
Board Altcoin Discussion
Re: Tether: not even a scam
by
8bitrobot
on 23/04/2017, 17:26:42 UTC
Quote from: humblemonkey on April 23, 2017, 03:14:21 PM
Quote from: 8bitrobot on April 23, 2017, 03:02:41 PM
Quote from: Scott J on April 23, 2017, 05:42:52 AM
Quote from: york780 on April 22, 2017, 09:11:27 PM
Tether was fine until some exchanges like Kraken hate it. Tether to the moon! I expect a Tether pump soon.
If tether pumps then it is a failed coin.

The whole idea is for it to have parity with USD. And divergence from that and it is not serving its purpose.

So, does anyone know what's going on on here? 1 USDT is now worth 0.92 USD.

The price of USDT started falling with this announcement https://tether.to/announcement/

The drop is causing a huge upward gap in prices between exchanges using USDT, and judging from trollboxes many people dont even realise its not USD on these exchanges

for now I'd simply avoid USDT and the exchanges using USDT instead of USD. I can personally see it all ending badly


I see, thanks. At the end of that post, they have, "First they ignore you, then they laugh at you, then they fight you." So, Teather is seen as a threat to the established banking system?
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Topic
Board Altcoin Discussion
Re: Tether: not even a scam
by
8bitrobot
on 23/04/2017, 15:02:41 UTC
Quote from: Scott J on April 23, 2017, 05:42:52 AM
Quote from: york780 on April 22, 2017, 09:11:27 PM
Tether was fine until some exchanges like Kraken hate it. Tether to the moon! I expect a Tether pump soon.
If tether pumps then it is a failed coin.

The whole idea is for it to have parity with USD. And divergence from that and it is not serving its purpose.

So, does anyone know what's going on on here? 1 USDT is now worth 0.92 USD.
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Topic
Board Trading Discussion
Topic OP
Trying to understand the BID/ASK spread
by
8bitrobot
on 30/05/2016, 16:35:02 UTC
I'm new to BitCoin and BitCoin trading. I was hoping someone could help me understand this.

On BitBay.com, I see a series of ASK and BID prices. It would seem to me that one would want to purchase coins from the lowest ASKs and sell at the highest BIDs. That much seems obvious. However, if I look at the spread, there are ASKs for 4 times the current price and BIDs for one quarter of the current price.

Are these from people who really expect to sell BitCoin at the value of $2,000 USD per Bit Coin when one could currently buy at $504.00 USD per 1 Bit Coin?