V.1.5 to be released soon but beta testing available for anyone interested. Join the discord nanoquake channel today (via the nano center): https://discord.gg/yhBuXMm
Quick overview:
Using Nano delegated proof of work server for instant micro transactions
The quiet before the storm is here. Im not sure how much longer this sideways price action can go. A big move is coming. I still think we have a good dump coming taking us to $3000 before the next bull run. Whats your prediction?
Disclaimer: Im Hodling
I pretty much agree with your prediction, but the lowest that I see prices go is probably $4k at the moment. But I do think that a dip or two are still going to come our way before prices actually start recovering.
This is pretty much based on the previous cycles, especially the most recent bear market of 2014. Obviously it's not going to be a perfectly mirrored version of that, but it should be fairly close given the cyclic nature of the market within bitcoin.
Though, for now until the end of the year most likely, I think we'll still consolidate at $6k and see prices stay put and move mostly sideways without any major movement.
I think that the price will not down than $6000 and to my knowledge this is the bottom price for bitcoin, because if the price dips more than $6000, the supply of bitcoin will reduce because of no mining. Bitcoin miners already mourn that they are not making any profit because the price is very low and they may stop mining. Thats why I say that the price will never below $6000.
I can tell you there is no bottom. That is false information. If price is reduced so is mining and then also the mining difficulty which makes it more profitable. It's always a balance. That's why most mining is in China because they have cheaper electricity. Bitcoin can be mined at $0.01 and $100k, doesn't matter. What's changing is the amount of required electrical power from main grid which already is insanely high. Only bad thing that could happen is if every miner stopped at the same time. Then there would be no more blocks and the difficulty ratio can not be reduced. Bitcoin would cease to exist until some more blocks are found or the protocol is forked and changed (like with Bitcoin Cash that has a mechanism that lower difficulty automatically if there are no blocks. Arguable is that's good or bad. It certainly caused some extreme instability last year when it was launched).
If there is a price resistance I would say it's because bitcoin has changed hands so many times now that most investors bought last years levels. They simply can't sell and make a profit and this alone would not trigger a bear market. They rather hold. It's more likely a bear market is triggered by a really bad news event. That is my theory at least. The first is something that happened to Nano a few months ago. Some whales got Nano a really low price and forced the marked (at profit) really low without any real reason. Now most nano have probably changed hands into a broader public and unlikely we see one more event like that.
they're just made up lines that we draw on a chart, ya know
Yeah I usually say that too but this time the price behave like a damn clockwork for 8 months. Just take a look below at that last dip after I drew the first picture (exactly on the line). It's not made up lines if everyone is following them. Self fulfilling prophecy. Maybe it will stay calm right until Oct 30.
Post
Topic
BoardSpeculation
Re: A Big Move Is Coming Very Soon...Up or Down?
by
Joohansson
on 10/10/2018, 19:43:54 UTC
I think something big will start Oct 14 because of the simple fact that the price has no more runway. It must break the trend in either direction so my bet is up by an order of magnitude coming year. Made my own stupid nice little prediction graph. I hate these, but why not =)
Content: Main Development Nano Social Media & Contribution Channels Scientific Papers Development Tools [Source Code] 3rd Party Development Channels Network Stats and Explorers Exchanges Wallets [Usage and Downloads] Wallets [Source Code] Hardware Wallets Nano Related Mobile Apps Market Data, Analysis & Tickers Merchant Related Point of Sale Video Channels Informative Video Material Video Advertisement Random Community Projects Games, Gambling, Betting
What are your thoughts about these forks? Any support coming in the near future?
BitcoinX, BCX, block 498888, ratio 10000:1, gate.io, no deposit yet, 0.0714/forked btc
Bitcoin Faith, BTF, block 500000, ratio 1:1, gate.io, open deposit, 0.0059/forked btc
Bitcore, BTX, block 492820, ratio 0.5:1, bit-z, , 0.00087/forked btc
Post
Topic
BoardAltcoin Discussion
Re: Guide: How to redeem and sell bitcoin diamond (bcd) from ledger nano s (Segwit)
by
Joohansson
on 11/01/2018, 20:03:21 UTC
If someone reads this: I gave up on this crap. Extracting from segwit is beyond my knowledge. I ended up using this service instead, they took 10% fee but I got my BCD in 24h at least!
I can vouch for this service. They helped me convert BCD (bitcoin diamond) from a btc segwit address. Shared my pub/priv key and got BCD 24h later (minus 10% fee). Now sold for free BTC at gate.io.
Good email contact.
Thanks!
Post
Topic
BoardAltcoin Discussion
Guide: How to redeem and sell bitcoin diamond (bcd) from ledger nano s (Segwit)
by
Joohansson
on 10/01/2018, 10:13:34 UTC
I spent two days to figure this out but I think I know how to solve this, just currently stuck and need your help! I had btc stored on a nano s segwit wallet before the fork.
Bitcoin diamond was forked from bitcoin on block #495866 (nov 24 2017) and launched the mainnet Jan 5 2018 (I think). There is currently very little information about this project and very little support on exchanges, wallets and mining. http://btcd.io
The only light wallet currently have a splitting tool is Bither for Android but they do not support Segwit. If you had your btc in a segwit wallet before the fork you can't use this method.
You get 10 bcd for every btc and current price is 0.001 btc. That means you get $160/ forked btc which is 1% free money. Is it worth it? For me it is. You can use same method for both SBTC and BCD. Other methods can be used for BTX, BCX and BFX but have to wait for me. Need segwit support in Coinomi and/or Bither.
In my BCD case it was a bit more complicated but hopefully possible.
Enter your ledger 24 word mnemonic. Select BIP49 derivation path. Find your btc address that contained btc right before block 495866, copy private key. Use a block explorer: https://blockchain.info
Find the tx ID that sent those btc and verify in bcd explorer if you have any bcd before you continue (click on the actual address will not work for some reason, shows empty). My tx had 3000 confirmations. http://explorer.btcd.io
Actually quite cool you can run Ubuntu on Windows 10! You can build for 32 bit as well but not when you have installed dependencies for x64. The last step will copy the binaries to your windows folder: "make install DESTDIR=/mnt/c/workspace/bitcoindiamond"
Run bitcoindiamond-qt in windows and let it sync with network. Took me 12h with fiber connection.
Go to help and open console. If your wallet is encrypted, decrypt for 10min using: "walletpassphrase your-wallet-passphrase 600".
Import old btc address as watch-only to check bcd balance. True means it will rescan the blockchain. Rescan took 1h with a decent PC (no SSD):
If you see your BCD balance, now Import your btc private key into the watch-only address. No need to rescan again, thus "false".:
Ok here is where I'm stuck. I can see my balance but it's not spendable. I also tried to import private key directly (with sync) with empty core wallet but balance is still zero. It does not pick up the transaction! Anyone know how to solve this?
Rest of the guide when this is solved:
You should now be able to access your bcd!
Go to gate.io (register). Deposit bcd to exchange from bitcoindiamond-qt. Try small amount first, use a proper fee.
Do whatever you like! Sell or keep.
Post
Topic
BoardAltcoin Discussion
Re: Claiming bitcoin diamond and superbitcoin easily
Does this work with coins held in a segwit address on Trezor? Derived by Bip 49.
Trying to do the same but with Ledger. Have not succeded so far. I would compile and sync up a full node but this shit doesn't even exist as source code it seems.
Post
Topic
BoardAltcoin Discussion
Re: Claiming bitcoin diamond and superbitcoin easily
No it's not available but there are other methods. A 24 word bip39 mnemonic can be imported into Coinomi android app for example but it doesn't help here since they do not support bcd. I tried import phrase into Bither (as HD wallet) but it didn't find any bcd. I used another tool to extract the exact pub/priv key where my bcd are but it didn't work either. Maybe because it's a segwit (bip49 address)? I don't know if Bither supports that.
Post
Topic
BoardAltcoin Discussion
Re: Claiming bitcoin diamond and superbitcoin easily
by
Joohansson
on 07/01/2018, 21:10:39 UTC
So where did you deposit and sell your BCD and SBTC, gate.io? How to get a Ledger Nano S into Bither? It don't support bip39, right? I know Coinomi does but I don't think they support bcd and sbtc.
Post
Topic
BoardMarketplace (Altcoins)
Decentralized social trading platform for investing in real crypto portfolios
by
Joohansson
on 03/01/2018, 20:57:47 UTC
I would like to brainstorm about an idea I never will be able to realize because I'm too lazy. Just want to hear some opinions. Ever heard of etoro.com? This idea is similar but for crypto. Would it be feasible to construct a decentralized exchange for social trading, ie. invest in high rated crypto portfolios; owned by real day traders? Some keys:
Fully Decentralized.
Any users can trade with real cryptocurrencies like a normal exchange. At least 100 cryptos.
User A can invest in user B's portfolio with a special token. It will be like a contract and any gains/losses in the portfolio will be reflected in the tokens retrieved when contract is cancelled.
The tokens will automatically be used to trade in eqivalent amount of crypto in the portfolio at contract start. User A will indirectly be owning real crypto but controlled by user B. As long as the contract lives any trades done by user B will also trade cryptos owned by user A. When user A end the contract (at any time) the cryptos will be traded back into tokens and be given back to user A, with gains or losses as result. User B receive a fee. User B cannot end the contract.
Having a contract lets you rate the user you invest in. By a star 1-10 and with a comment.
A rating system will exist that tracks user ratings, amount of contracts opened for a specific user, how the user's portfolio is performing against the market and amount of tokens currently in control by the user.
A high rank will attract more investors with high token value invested. A good trader will not only gain on crypto but also gain from fees.
One fee at contract cancellation (if any gains) and one daily fee regardless of performance.
If your portfolio crashes, all your investors token value will crash as well. They can lose all their tokens. You will get a bad rating.
Fully anonomous exchange. Maybe comments should be allowed for opened contracts. Optionally disabled by portfolio owner.
Portfolio performance graph over different time intervals available for all users. Option to set it for public visibility. Option to allow investment contracts. Option for min/max investment/token value and max number of contracts allowed simultaneously.
High score lists with filter functionality
Some kind of reward system
It a win-win system. Active traders earn tokens and lazy traders pay for good results and don't need to be as active. Etoro has been a huge success I think.
PS. If anyone copy and build from this idea, you can thank me later.
Post
Topic
BoardAltcoin Discussion
Bitcoin fork thread. Existing and Upcoming
by
Joohansson
on 25/11/2017, 11:20:38 UTC
More forks are coming that piggyback the Bitcoin brand, so better collect them in one thread. I will edit this if needed.
Re: Is this for real ? another fork of bitcoin ? BITCOIN DIAMOND
by
Joohansson
on 24/11/2017, 22:23:09 UTC
Bitcoin cash and bitcoin gold had at least proper mining pools setup from launch. These jokers are probably mining for themselves and call it Bitcoin. They have forked but have not released anything public yet. No whitepaper, just a fancy website with faq. Worst fork so far!
Re: Is this for real ? another fork of bitcoin ? BITCOIN DIAMOND
by
Joohansson
on 24/11/2017, 13:25:15 UTC
I personally don't like all these forks of Bitcoin but the free BCH and BTG was definitely worth the trouble for me at least. If BTD get any value I will dump that too. Some people calling btg a scam but it's currently trading at 4.7% of bitcoin price.
Post
Topic
BoardAltcoin Discussion
Re: Is this for real ? another fork of bitcoin ? BITCOIN DIAMOND
For sure, I got jus a little information about this forking. They came like a ghost. Anyway, what does this coin try to accomplish?
This little thing is trying to add some privacy features to the original Bitcoin by forking it. I don't know if it works or not but the fork is about to happen today within few hours. Binance is providing Bitcoin diamond at 1:10 ratio so if anybody wants some free money then get into Binance.