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Re: [ANN]Metaverse|decentralised open platform of digital assets & digital identity
Metaverse is my worst investment in blockchain so far. Whichever way I look at it, I'm now facing a hefty 90% loss, it's too late to sell.
I clearly bought too high, but this sounded like it could rival Neo et al way back when their notional market cap was $140m. What a joke that is now.
So I'm just taking this time to try and learn whether or not I got scammed here, misunderstood something, or suffered bad luck.
I might be blind but I'm still inclined to think now that the team at least tried to make this project work technologically but they didn't have the required skill set or motivation to reward retail investors in the way that other projects have done? Maybe they thought that their market valuation wasn't ever justified at $140m?
Question now, is it too late to get some serious commercial applications coveting their blockchain? And in doing so, to create some demand for their token where the money is? And can the communication and marketing channels ever wake up and get noticed properly?
I clearly bought too high, but this sounded like it could rival Neo et al way back when their notional market cap was $140m. What a joke that is now.
So I'm just taking this time to try and learn whether or not I got scammed here, misunderstood something, or suffered bad luck.
I might be blind but I'm still inclined to think now that the team at least tried to make this project work technologically but they didn't have the required skill set or motivation to reward retail investors in the way that other projects have done? Maybe they thought that their market valuation wasn't ever justified at $140m?
Question now, is it too late to get some serious commercial applications coveting their blockchain? And in doing so, to create some demand for their token where the money is? And can the communication and marketing channels ever wake up and get noticed properly?
Sorry to hear about ur loss dude. The project is promising, so I don't think you got scammed. But the profit of the retail investors seems to be the least of their concern. So good luck with that.
Also you need to stop thinking about commercial applications, marketing channels and all that crap to create demand. Cause thats not how it works.
The primary and most important way to create demand for a certain project is to provide liquidity for big investors. If your project can't provide that then big investors and institutional money will stay the fuck away. No matter how good the project is. As a result investors like u will get screwed.
Now how do you provide liquidity? By listing the project on bigger exchanges that can generate enough volume. Now go and check the exchanges that this project is listed on and check how much volume each one is generating. There is the answer to your problem.
Now the other thing is, big exchanges prefers ERC20 tokens or a coin that forked from bitcoin for listing. Cause it's easier for them to implement and maintain wallets. This project is kind of unique. My guess is exchanges r probably going to ask for a lot of money to list this coin, considering the kind of wallet implementation and testing nightmare that they will have to go through. So for the very reason why most people invested in this project (uniqueness) seems to be creating a massive problem for the investors too. Ha ha.
Well u lost 90% of ur value already, so no point selling now imo. Just hang in there and pray, May be, just may be one day you will breakeven.
And for the future reference, before investing on anything, always check the liquidity. Good luck bud and wish u all the best.
Very true, liquidity is of course a very big part of the same demand/supply/price equation. I hadn't forgotten.
The question now is whether or not the cost is too high for Metaverse to get on Binance or Kucoin or Huobi or one of the others?
And if they can create and sustain buying interest as well to go with it?
Those new high volume exchanges weren't even in the game when I purchased last year and Bitfinex was a much higher volume exchange back then.
Re: [ANN]Metaverse|decentralised open platform of digital assets & digital identity
Metaverse is my worst investment in blockchain so far. Whichever way I look at it, I'm now facing a hefty 90% loss, it's too late to sell.
I clearly bought too high, but this sounded like it could rival Neo et al way back when their notional market cap was $140m. What a joke that is now.
So I'm just taking this time to try and learn whether or not I got scammed here, misunderstood something, or suffered bad luck.
I might be blind but I'm still inclined to think now that the team at least tried to make this project work technologically but they didn't have the required skill set or motivation to reward retail investors in the way that other projects have done? Maybe they thought that their market valuation wasn't ever justified at $140m?
Question now, is it too late to get some serious commercial applications coveting their blockchain? And in doing so, to create some demand for their token where the money is? And can the communication and marketing channels ever wake up and get noticed properly?
I clearly bought too high, but this sounded like it could rival Neo et al way back when their notional market cap was $140m. What a joke that is now.
So I'm just taking this time to try and learn whether or not I got scammed here, misunderstood something, or suffered bad luck.
I might be blind but I'm still inclined to think now that the team at least tried to make this project work technologically but they didn't have the required skill set or motivation to reward retail investors in the way that other projects have done? Maybe they thought that their market valuation wasn't ever justified at $140m?
Question now, is it too late to get some serious commercial applications coveting their blockchain? And in doing so, to create some demand for their token where the money is? And can the communication and marketing channels ever wake up and get noticed properly?
Re: The new gaming token is here! Buy FLIP now, get your 25% bonus today!
Since 9th Feb here: https://hitbtc.com/FLP-to-ETH
I'm sick as a dog, I was looking forward to my UnitedBitcoin airdrop because it has been trading at up to $640.91 in the first week of trading and it is at least as good a concept as Bitcoin Cash. Of all the forks listed below there's not many to be taken seriously.
I thought I knew all about hard forks and the need to hold my addresses and private keys to claim. But unfortunately I just checked the UB explorer at https://www.ub.com/explorer and it seems that I didn't qualify at the time of the snapshot at BTC block height #498777.
The reason is because I'm using the extremely popular Exodus wallet, which, for privacy reasons, sends out your BTC balance from one address and then sends the remaining change back to a new address, and the terms and conditions of the airdrop at https://www.ub.com/news/detail?column=1&id=192 say 'The receiving address must have a prior balance of more than 0.01BTC and must be used as one of the sending (input) addresses.'
I've seriously missed out on $$$$s.
To the many other Exodus wallet users who are gonna find they've also missed out, I feel your pain!
List of forks from Wikipedia - https://en.wikipedia.org/wiki/List_of_Bitcoin_forks
Bitcoin Platinum didnt happen was it a scam?
Bitcoin Silver -
was it a scam? etherdelta worthless - https://coinmarketcap.com/currencies/bitcoin-silver/#markets
Bitcoin Cash: Forked at Block 478558[4], 1 August 2017, For each 1 BTC you get 1 BCH
Bytether: Cross fork from Bitcoin to Ethereum blockchain at block 478558, 1 August 2017. For each 1 BTC you get 1 BTH ERC-20 token - https://medium.com/@bytether/how-to-access-your-bth-dfc17e36c51c
Bitcoin Clashic: Forked at Block 478558[5], 1 August 2017. For each 1 BTC you get 1 BCHC / BCL
Bitcoin Gold: Forked at Block 491407[6], 24 October 2017, For each 1 BTC you get 1 BTG
UnitedBitcoin: Forked at Block 498777[7], 12 December 2017, For each 1 BTC you get 1 UB - https://www.ub.com/explorer - https://bitcointalk.org/index.php?topic=2635759.new#new
Bitcoin Diamond: Forked at Block 495866[8], 24 November 2017, For each 1 BTC you get 10 BCD
Bitcoin Hot: Forked at Block 498848[9], 12 December 2017, For each 1 BTC you get 100 BTH
Super Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 SBTC
BitcoinX: Forked at Block 498888[10], 12 December 2017, For each 1 BTC you get 10,000 BCX
Oil Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 OBTC
Bitcoin World: Forked at Block 499777, 17 December 2017, For each 1 BTC you get 10000 BTW
Lightning Bitcoin: Forked at Block 499999, 19 December 2017, For each 1 BTC you get 1 LBTC
Bitcoin Stake: Forked at Block 4999999, 19 December 2017, For each 1 BTC, you get 100 BTCS
Bitcoin Faith: Forked at Block 500000, 19 December 2017, For each 1 BTC you get 1 BTF
Bitcoin Top: Forked at Block 501118, 26 December 2017, For each 1 BTC you get 1 BTT
Bitcoin God: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1 GOD
Bitcoin FILE: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1000 BIFI
Bitcoin SegWit2X X11 Not to be confused with a previous fork SegWit2X with the same name. Forked at Block 501451, 28 December 2017. For each 1 BTC you get 1 B2X
Bitcoin Uranium: Forking on 31st December 2017, For each 1 BTC you get 1 BUM.
Bitcoin Pizza: Forking at Block 501888, 1st January 2018, For each 1 BTC you get 1 BPA
Bitcoin All: Forking on 1st January 2018, For each 1 BTC you get 1 BTA. Referenced on steemit post.
Bitcoin Cash Plus: Forking at Block 501407, Expected on 2nd of January 2018, For each 1 BTC you get 1 BCP
Bitcoin Smart: Forking at Block 505050, 21 January 2018, For each 1 BTC you get 100 BCS
Bitcoin Interest: Forking at Block 505083, 22 January 2018, For each 1 BTC you get 1 BCI
Quantum Bitcoin: Forking on 28th January 2018, For each 1 BTC you get 1 QBTC
Bitcoin LITE: Forking on 30th January 2018, For each 1 BTC you get 1 BTCL
Bitcoin Ore: Forking on 31st January 2018, For each 1 BTC you get 1 BCO
Bitcoin Private: Forking TBA in January 2018, For each 1 BTC you get 1 BTCP (also if you have 1 ZCL you get 1 BTCP)
Bitcoin ATOM: Forking TBA in January 2018, For each 1 BTC you get 1 BCA
Proposed (but cancelled) coin splits
SegWit2x: This was a planned coin split of the digital currency Bitcoin, which was later canceled before the split could take place.
I thought I knew all about hard forks and the need to hold my addresses and private keys to claim. But unfortunately I just checked the UB explorer at https://www.ub.com/explorer and it seems that I didn't qualify at the time of the snapshot at BTC block height #498777.
The reason is because I'm using the extremely popular Exodus wallet, which, for privacy reasons, sends out your BTC balance from one address and then sends the remaining change back to a new address, and the terms and conditions of the airdrop at https://www.ub.com/news/detail?column=1&id=192 say 'The receiving address must have a prior balance of more than 0.01BTC and must be used as one of the sending (input) addresses.'
I've seriously missed out on $$$$s.
To the many other Exodus wallet users who are gonna find they've also missed out, I feel your pain!
List of forks from Wikipedia - https://en.wikipedia.org/wiki/List_of_Bitcoin_forks
Bitcoin Platinum didnt happen was it a scam?
Bitcoin Silver -
was it a scam? etherdelta worthless - https://coinmarketcap.com/currencies/bitcoin-silver/#markets
Bitcoin Cash: Forked at Block 478558[4], 1 August 2017, For each 1 BTC you get 1 BCH
Bytether: Cross fork from Bitcoin to Ethereum blockchain at block 478558, 1 August 2017. For each 1 BTC you get 1 BTH ERC-20 token - https://medium.com/@bytether/how-to-access-your-bth-dfc17e36c51c
Bitcoin Clashic: Forked at Block 478558[5], 1 August 2017. For each 1 BTC you get 1 BCHC / BCL
Bitcoin Gold: Forked at Block 491407[6], 24 October 2017, For each 1 BTC you get 1 BTG
UnitedBitcoin: Forked at Block 498777[7], 12 December 2017, For each 1 BTC you get 1 UB - https://www.ub.com/explorer - https://bitcointalk.org/index.php?topic=2635759.new#new
Bitcoin Diamond: Forked at Block 495866[8], 24 November 2017, For each 1 BTC you get 10 BCD
Bitcoin Hot: Forked at Block 498848[9], 12 December 2017, For each 1 BTC you get 100 BTH
Super Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 SBTC
BitcoinX: Forked at Block 498888[10], 12 December 2017, For each 1 BTC you get 10,000 BCX
Oil Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 OBTC
Bitcoin World: Forked at Block 499777, 17 December 2017, For each 1 BTC you get 10000 BTW
Lightning Bitcoin: Forked at Block 499999, 19 December 2017, For each 1 BTC you get 1 LBTC
Bitcoin Stake: Forked at Block 4999999, 19 December 2017, For each 1 BTC, you get 100 BTCS
Bitcoin Faith: Forked at Block 500000, 19 December 2017, For each 1 BTC you get 1 BTF
Bitcoin Top: Forked at Block 501118, 26 December 2017, For each 1 BTC you get 1 BTT
Bitcoin God: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1 GOD
Bitcoin FILE: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1000 BIFI
Bitcoin SegWit2X X11 Not to be confused with a previous fork SegWit2X with the same name. Forked at Block 501451, 28 December 2017. For each 1 BTC you get 1 B2X
Bitcoin Uranium: Forking on 31st December 2017, For each 1 BTC you get 1 BUM.
Bitcoin Pizza: Forking at Block 501888, 1st January 2018, For each 1 BTC you get 1 BPA
Bitcoin All: Forking on 1st January 2018, For each 1 BTC you get 1 BTA. Referenced on steemit post.
Bitcoin Cash Plus: Forking at Block 501407, Expected on 2nd of January 2018, For each 1 BTC you get 1 BCP
Bitcoin Smart: Forking at Block 505050, 21 January 2018, For each 1 BTC you get 100 BCS
Bitcoin Interest: Forking at Block 505083, 22 January 2018, For each 1 BTC you get 1 BCI
Quantum Bitcoin: Forking on 28th January 2018, For each 1 BTC you get 1 QBTC
Bitcoin LITE: Forking on 30th January 2018, For each 1 BTC you get 1 BTCL
Bitcoin Ore: Forking on 31st January 2018, For each 1 BTC you get 1 BCO
Bitcoin Private: Forking TBA in January 2018, For each 1 BTC you get 1 BTCP (also if you have 1 ZCL you get 1 BTCP)
Bitcoin ATOM: Forking TBA in January 2018, For each 1 BTC you get 1 BCA
Proposed (but cancelled) coin splits
SegWit2x: This was a planned coin split of the digital currency Bitcoin, which was later canceled before the split could take place.
OK, see the recent update, see here: https://www.ub.com/news/detail?column=1&id=209
They say 'Both the Bitcoin and UB community have provided extremely helpful feedback. The UB team is committed to the community, so comments are welcomed and encouraged. One area the community made clear needed to be addressed was the claiming process. Due to this feedback, The UB team has changed the process. Bitcoin holders are not required to send Bitcoin from address A to address A or provide a TXID to prove ownership. This will simplify the user experience. Users who have already completed the previous process and have provided TXIDs will be contacted by email with further details.'
An admin on Telegram implies that they will 'check balances at 498777 and see which addresses conducted an outgoing transaction during the pre defined block heights'
I guess they had lots of complaints about the A to A address requirement.
I'm sick as a dog, I was looking forward to my UnitedBitcoin airdrop because it has been trading at up to $640.91 in the first week of trading and it is at least as good a concept as Bitcoin Cash. Of all the forks listed below there's not many to be taken seriously.
I thought I knew all about hard forks and the need to hold my addresses and private keys to claim. But unfortunately I just checked the UB explorer at https://www.ub.com/explorer and it seems that I didn't qualify at the time of the snapshot at BTC block height #498777.
The reason is because I'm using the extremely popular Exodus wallet, which, for privacy reasons, sends out your BTC balance from one address and then sends the remaining change back to a new address, and the terms and conditions of the airdrop at https://www.ub.com/news/detail?column=1&id=192 say 'The receiving address must have a prior balance of more than 0.01BTC and must be used as one of the sending (input) addresses.'
I've seriously missed out on $$$$s.
To the many other Exodus wallet users who are gonna find they've also missed out, I feel your pain!
List of forks from Wikipedia - https://en.wikipedia.org/wiki/List_of_Bitcoin_forks
Bitcoin Platinum didnt happen was it a scam?
Bitcoin Silver - was it a scam? etherdelta worthless - https://coinmarketcap.com/currencies/bitcoin-silver/#markets
Bitcoin Cash: Forked at Block 478558[4], 1 August 2017, For each 1 BTC you get 1 BCH
Bytether: Cross fork from Bitcoin to Ethereum blockchain at block 478558, 1 August 2017. For each 1 BTC you get 1 BTH ERC-20 token - https://medium.com/@bytether/how-to-access-your-bth-dfc17e36c51c
Bitcoin Clashic: Forked at Block 478558[5], 1 August 2017. For each 1 BTC you get 1 BCHC / BCL
Bitcoin Gold: Forked at Block 491407[6], 24 October 2017, For each 1 BTC you get 1 BTG
UnitedBitcoin: Forked at Block 498777[7], 12 December 2017, For each 1 BTC you get 1 UB - https://www.ub.com/explorer - https://bitcointalk.org/index.php?topic=2635759.new#new
Bitcoin Diamond: Forked at Block 495866[8], 24 November 2017, For each 1 BTC you get 10 BCD
Bitcoin Hot: Forked at Block 498848[9], 12 December 2017, For each 1 BTC you get 100 BTH
Super Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 SBTC
BitcoinX: Forked at Block 498888[10], 12 December 2017, For each 1 BTC you get 10,000 BCX
Oil Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 OBTC
Bitcoin World: Forked at Block 499777, 17 December 2017, For each 1 BTC you get 10000 BTW
Lightning Bitcoin: Forked at Block 499999, 19 December 2017, For each 1 BTC you get 1 LBTC
Bitcoin Stake: Forked at Block 4999999, 19 December 2017, For each 1 BTC, you get 100 BTCS
Bitcoin Faith: Forked at Block 500000, 19 December 2017, For each 1 BTC you get 1 BTF
Bitcoin Top: Forked at Block 501118, 26 December 2017, For each 1 BTC you get 1 BTT
Bitcoin God: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1 GOD
Bitcoin FILE: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1000 BIFI
Bitcoin SegWit2X X11 Not to be confused with a previous fork SegWit2X with the same name. Forked at Block 501451, 28 December 2017. For each 1 BTC you get 1 B2X
Bitcoin Uranium: Forking on 31st December 2017, For each 1 BTC you get 1 BUM.
Bitcoin Pizza: Forking at Block 501888, 1st January 2018, For each 1 BTC you get 1 BPA
Bitcoin All: Forking on 1st January 2018, For each 1 BTC you get 1 BTA. Referenced on steemit post.
Bitcoin Cash Plus: Forking at Block 501407, Expected on 2nd of January 2018, For each 1 BTC you get 1 BCP
Bitcoin Smart: Forking at Block 505050, 21 January 2018, For each 1 BTC you get 100 BCS
Bitcoin Interest: Forking at Block 505083, 22 January 2018, For each 1 BTC you get 1 BCI
Quantum Bitcoin: Forking on 28th January 2018, For each 1 BTC you get 1 QBTC
Bitcoin LITE: Forking on 30th January 2018, For each 1 BTC you get 1 BTCL
Bitcoin Ore: Forking on 31st January 2018, For each 1 BTC you get 1 BCO
Bitcoin Private: Forking TBA in January 2018, For each 1 BTC you get 1 BTCP (also if you have 1 ZCL you get 1 BTCP)
Bitcoin ATOM: Forking TBA in January 2018, For each 1 BTC you get 1 BCA
Proposed (but cancelled) coin splits
SegWit2x: This was a planned coin split of the digital currency Bitcoin, which was later canceled before the split could take place.
I thought I knew all about hard forks and the need to hold my addresses and private keys to claim. But unfortunately I just checked the UB explorer at https://www.ub.com/explorer and it seems that I didn't qualify at the time of the snapshot at BTC block height #498777.
The reason is because I'm using the extremely popular Exodus wallet, which, for privacy reasons, sends out your BTC balance from one address and then sends the remaining change back to a new address, and the terms and conditions of the airdrop at https://www.ub.com/news/detail?column=1&id=192 say 'The receiving address must have a prior balance of more than 0.01BTC and must be used as one of the sending (input) addresses.'
I've seriously missed out on $$$$s.
To the many other Exodus wallet users who are gonna find they've also missed out, I feel your pain!
List of forks from Wikipedia - https://en.wikipedia.org/wiki/List_of_Bitcoin_forks
Bitcoin Platinum didnt happen was it a scam?
Bitcoin Silver -
was it a scam? etherdelta worthless - https://coinmarketcap.com/currencies/bitcoin-silver/#markets
Bitcoin Cash: Forked at Block 478558[4], 1 August 2017, For each 1 BTC you get 1 BCH
Bytether: Cross fork from Bitcoin to Ethereum blockchain at block 478558, 1 August 2017. For each 1 BTC you get 1 BTH ERC-20 token - https://medium.com/@bytether/how-to-access-your-bth-dfc17e36c51c
Bitcoin Clashic: Forked at Block 478558[5], 1 August 2017. For each 1 BTC you get 1 BCHC / BCL
Bitcoin Gold: Forked at Block 491407[6], 24 October 2017, For each 1 BTC you get 1 BTG
UnitedBitcoin: Forked at Block 498777[7], 12 December 2017, For each 1 BTC you get 1 UB - https://www.ub.com/explorer - https://bitcointalk.org/index.php?topic=2635759.new#new
Bitcoin Diamond: Forked at Block 495866[8], 24 November 2017, For each 1 BTC you get 10 BCD
Bitcoin Hot: Forked at Block 498848[9], 12 December 2017, For each 1 BTC you get 100 BTH
Super Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 SBTC
BitcoinX: Forked at Block 498888[10], 12 December 2017, For each 1 BTC you get 10,000 BCX
Oil Bitcoin: Forked at Block 498888, 12 December 2017, For each 1 BTC you get 1 OBTC
Bitcoin World: Forked at Block 499777, 17 December 2017, For each 1 BTC you get 10000 BTW
Lightning Bitcoin: Forked at Block 499999, 19 December 2017, For each 1 BTC you get 1 LBTC
Bitcoin Stake: Forked at Block 4999999, 19 December 2017, For each 1 BTC, you get 100 BTCS
Bitcoin Faith: Forked at Block 500000, 19 December 2017, For each 1 BTC you get 1 BTF
Bitcoin Top: Forked at Block 501118, 26 December 2017, For each 1 BTC you get 1 BTT
Bitcoin God: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1 GOD
Bitcoin FILE: Forked at Block 501225, forked on 27th December 2017. For each 1 BTC you get 1000 BIFI
Bitcoin SegWit2X X11 Not to be confused with a previous fork SegWit2X with the same name. Forked at Block 501451, 28 December 2017. For each 1 BTC you get 1 B2X
Bitcoin Uranium: Forking on 31st December 2017, For each 1 BTC you get 1 BUM.
Bitcoin Pizza: Forking at Block 501888, 1st January 2018, For each 1 BTC you get 1 BPA
Bitcoin All: Forking on 1st January 2018, For each 1 BTC you get 1 BTA. Referenced on steemit post.
Bitcoin Cash Plus: Forking at Block 501407, Expected on 2nd of January 2018, For each 1 BTC you get 1 BCP
Bitcoin Smart: Forking at Block 505050, 21 January 2018, For each 1 BTC you get 100 BCS
Bitcoin Interest: Forking at Block 505083, 22 January 2018, For each 1 BTC you get 1 BCI
Quantum Bitcoin: Forking on 28th January 2018, For each 1 BTC you get 1 QBTC
Bitcoin LITE: Forking on 30th January 2018, For each 1 BTC you get 1 BTCL
Bitcoin Ore: Forking on 31st January 2018, For each 1 BTC you get 1 BCO
Bitcoin Private: Forking TBA in January 2018, For each 1 BTC you get 1 BTCP (also if you have 1 ZCL you get 1 BTCP)
Bitcoin ATOM: Forking TBA in January 2018, For each 1 BTC you get 1 BCA
Proposed (but cancelled) coin splits
SegWit2x: This was a planned coin split of the digital currency Bitcoin, which was later canceled before the split could take place.
What to do with your altcoins if the Bitcoin price starts to shoot up?
Ought to be interesting results to this poll... I'm interested in people's different approaches...
It's Illogical To Me? - Why does the Satoshi value of alts plummet so hard?
So I've read a lot of other posts and the accepted theory seems to be that people sell their alts to get on the rising Bitcoin price when it's going up rapidly, but you can't gain more Bitcoin by just owning more of it when the price shoots up, not unless you're using it for margin trading or actually trying to sell that Bitcoin high and buy Bitcoin back lower. For example, if you have 1 BTC, then you have 1 BTC whether it's worth $9k or $11k, it makes no difference until you actually convert that Bitcoin back to fiat or USDT, only then does the amount of Bitcoin and the BTC price in dollars make a difference.
So why the desire to hold Bitcoin and sell alts while the dollar value of Bitcoin is shooting up? What proportion of Bitcoin holders are shorting Bitcoin on a bull run like this to buy more Bitcoin back lower. It'd only be the serious TA traders surely?
People suggest that when Bitcoin rallies they know that their alts will fall so they sell their alts to buy alts back for less BTC later. That is indeed a very good reason to sell the alts, but it doesn't actually explain the price mechanism. Not unless it has become a self fulfilling phenomenon? Some of these alts are only paired in BTC and so they are supposed to be valued in Satoshis not dollars but the price in dollars almosts seems at times to be a better correlation than the Satoshi price. Why do the alts plummet if they are genuinely priced in Satoshi and not dollars?
So go on then, could somebody please explain the price mechanism to me and justify why alts plummet so much when Bitcoin shoots up. Many thanks.
It's Illogical To Me? - Why does the Satoshi value of alts plummet so hard?
So I've read a lot of other posts and the accepted theory seems to be that people sell their alts to get on the rising Bitcoin price when it's going up rapidly, but you can't gain more Bitcoin by just owning more of it when the price shoots up, not unless you're using it for margin trading or actually trying to sell that Bitcoin high and buy Bitcoin back lower. For example, if you have 1 BTC, then you have 1 BTC whether it's worth $9k or $11k, it makes no difference until you actually convert that Bitcoin back to fiat or USDT, only then does the amount of Bitcoin and the BTC price in dollars make a difference.
So why the desire to hold Bitcoin and sell alts while the dollar value of Bitcoin is shooting up? What proportion of Bitcoin holders are shorting Bitcoin on a bull run like this to buy more Bitcoin back lower. It'd only be the serious TA traders surely?
People suggest that when Bitcoin rallies they know that their alts will fall so they sell their alts to buy alts back for less BTC later. That is indeed a very good reason to sell the alts, but it doesn't actually explain the price mechanism. Not unless it has become a self fulfilling phenomenon? Some of these alts are only paired in BTC and so they are supposed to be valued in Satoshis not dollars but the price in dollars almosts seems at times to be a better correlation than the Satoshi price. Why do the alts plummet if they are genuinely priced in Satoshi and not dollars?
So go on then, could somebody please explain the price mechanism to me and justify why alts plummet so much when Bitcoin shoots up. Many thanks.
Re: 🔥🔥🔥 [ANN][ICO] PAYPIE 🔥🔥🔥 PRE-SALE ABOUT TO OPEN!!!!
I'm worried, I sent 0.5 ETH 15 mins after the presale opened with gas limit 200000 and gas fee 14 (their MEW tutorial said set the gas fee to your desired amount!).
But the TX is still pending after 1hr22mins and https://www.paypie.com/presale says 74,797,171 out of 82,500,000 PPP sold now.
What happens if my TX doesn't confirm before https://www.paypie.com/presale reports that all of the PPP have been sold?
But the TX is still pending after 1hr22mins and https://www.paypie.com/presale says 74,797,171 out of 82,500,000 PPP sold now.
What happens if my TX doesn't confirm before https://www.paypie.com/presale reports that all of the PPP have been sold?
PHEW - IT CONFIRMED - LESSON LEARNED, DON'T SCRIMP ON GAS DURING AN ICO!
Re: 🔥🔥🔥 [ANN][ICO] PAYPIE 🔥🔥🔥 PRE-SALE ABOUT TO OPEN!!!!
I'm worried, I sent 0.5 ETH 15 mins after the presale opened with gas limit 200000 and gas fee 14 (their MEW tutorial said set the gas fee to your desired amount!).
But the TX is still pending after 1hr22mins and https://www.paypie.com/presale says 74,797,171 out of 82,500,000 PPP sold now.
What happens if my TX doesn't confirm before https://www.paypie.com/presale reports that all of the PPP have been sold?
But the TX is still pending after 1hr22mins and https://www.paypie.com/presale says 74,797,171 out of 82,500,000 PPP sold now.
What happens if my TX doesn't confirm before https://www.paypie.com/presale reports that all of the PPP have been sold?
Re: [ANN] Centra Tech ICO | Multi-Blockchain Worldwide Debit Card & Insured Wallet
Hi
I have less than 1 ETH to my name right now so I've been disappointed to have waisted nearly 4 bucks on 2 attempts to send 0.1 ETH as shown in the TX history for my wallet here: https://etherscan.io/address/0x1a841067196cd675e78f349fefc3ae0050f71ca1
The first time, I set the gas limit high, to 200k and the gas price to 50 gwei as per the instructions on http://www.centra.tech/token-sale/index.html. Then the second time, I set it lower because there's plenty of ETH going through at default gas limits (https://etherscan.io/address/0xbdb45d02d8ef8dc5e59aa58b26b99a4af3806baa), but both TXs were cancelled with 'Warning! Error encountered during contract execution [Bad instruction]'
I'm minded not to try again because I'm waisting funds, unless maybe someone could advise me why both my TXs failed please? I've not encountered such errors before?
Also, is there any truth to the rumous that I'll get more CTR tokens if I just buy them now at one of the exchanges where they are already listed? https://coinmarketcap.com/assets/centra/#markets The Centra website doesn't disclose how many tokens you get for your ETH?
Thanks
I have less than 1 ETH to my name right now so I've been disappointed to have waisted nearly 4 bucks on 2 attempts to send 0.1 ETH as shown in the TX history for my wallet here: https://etherscan.io/address/0x1a841067196cd675e78f349fefc3ae0050f71ca1
The first time, I set the gas limit high, to 200k and the gas price to 50 gwei as per the instructions on http://www.centra.tech/token-sale/index.html. Then the second time, I set it lower because there's plenty of ETH going through at default gas limits (https://etherscan.io/address/0xbdb45d02d8ef8dc5e59aa58b26b99a4af3806baa), but both TXs were cancelled with 'Warning! Error encountered during contract execution [Bad instruction]'
I'm minded not to try again because I'm waisting funds, unless maybe someone could advise me why both my TXs failed please? I've not encountered such errors before?
Also, is there any truth to the rumous that I'll get more CTR tokens if I just buy them now at one of the exchanges where they are already listed? https://coinmarketcap.com/assets/centra/#markets The Centra website doesn't disclose how many tokens you get for your ETH?
Thanks