I haven't looked into it a ton, but that rip appears to have come exactly after the block for the bitcoin cash fork was mined. So money that was in BTC for the cash, shipped back out into other coins.

I know these markets are super unpredictable, but theoretically the play would seem to be to load up on ETH shortly before the proposed Segwit2x block. There's a lot more money in BTC for that coin then the bitcoin gold bs.

Btc's cap is going to grow before, during, and after the flopped fork attempt.

Why would you think the cap would grow after the attempt? From the price action, there appears to be a lot of people who bought in BTC just for the forked coin. Therefore common sense would seem those people will immediately sell their BTC after the fork or even if the fork fails because they only bought it in the first place for the "free coins".

So they sell their coins and buy bitcoin and the price for bitcoin goes down? This isn't how markets and prices work.

And then you are implying that the price of bitcoin might go up, but people will sell bitcoin anyways and the price will therefore be going down. I think you have it moving two directions at once in your model.

This is a security test and a test of the exchanges. When its over and the results are in, bitcoin will reach a more significant audience of higher value players.

The price will go up, and I will trusted more here.

You don't appear to understand.

If you haven't noticed BTC has gained against all the other coins ALREADY because money started flocking in for the fork. SO THE PRICE OF BTC went up. It may go up more, it may not leading into the fork. What I'm saying is that AFTER the fork it seems almost impossible that BTC doesn't take a massive hit.

I mean, who the hell is going to pay $6000 for BTC 1 minute or 1 hour or 4 hours after they could have just bought it 1 minute earlier for $6000 but also got the segwit2x coin.

People who want Segwit2x coin CANNOT SELL BTC before the fork block. Therefore everyone must all hold until the exact same time. I don't know if I can paint it out any better for you.

I understand exactly what you mean to say. But you aren't thinking on the level that reality will reflect. bitcoin is going to go up, why would people sell? We should stop fighting about it and check back in December and see where the price is compared to 6k

Do you think we retrace some before people start buying for another potential free coin?

Feel like we do after people know they've secured their BTGold (honestly don't think a lot of people realize the snapshot already happened).

Yes long term I think BTC still goes up. And even if it tanks at the fork, that's fine because you also get the 2nd coin which may be worth in the range of how much BTC tanked by. Say BTC goes down $1000 at the fork, but the segwit coin is worth $1000.. you are still even. I hold BTC for the long haul and will just hold any forked coins I get along with it.

I've got no idea what the pre fork action will be.

btc = segwitcoin

Still unclear if you realize btc gold already happened.

Yes, a few statements ago I called it bitcoin cash by mistake. There's too many damn spin offs now, can't keep them straight. The bitcoin gold fork appears to be the reason ETH and other coins ripped yesterday and BTC fell. BTC gold wasn't even a big thing. Segwit2x seems to be much bigger so I think the price action will even be bigger.

Those interested in ethereum and blockchain apps might be interested in my recent posts in this thread that highlight the possibility of a core decentralized p2p poker protocol shared by all existing and emerging models: https://forumserver.twoplustwo.com/2...uture-1636827/

****ing pathetic that 4 of the top 7 donors of devcon3 are ICO companies.

Taking ICO $ and turning it into a slushfund to pay for devcon3.

https://www.bloomberg.com/news/artic...n-endorsements


ICOs are the parasitic leeches in this space.

Read about what Vitalik said, he seems both happy and confident in ether.

Wonder how sharding would effect the value of eth? Does it split the token, or am I thinking about it the wrong way?

Are you saying it's pathetic that non-ico companies didn't put up more money to be top donors? If so, I agree.

everything, really.


My thoughts on ICOs over ethereum are well known in this thread.


As it pertains to devcon3, the vast majority of these 150$m raises did not define via charter agreements or even business plans how the money raised would be explicitly utilized. In fact, after the tezos raise, they made a blog post about "diversifying" the raise into gold, stocks, bonds and other assets. This wouldve been so illegal (and people called them out on this) because they wouldve had to create a separate entity registered with the SEC.

Today it continues to be a **** show. This money is all going to be used as a slush fund before investors figure out that there wont be any use case, any community, any incentive, any business plan to ensure that investors make their money back.

Status has already pivoted with a NFC hardware wallet. what the ****....?

sharting is a joke. Can someone explain to me how seperate nodes which are validating different sets of txn and txn trees maintain consensus with the main chain? like wtf? we're now talking like an order of magnitude invention over the current blockchain technology.

ethereum foundation is turning into the elon musk of crypto

over promise
under deliver


there isnt even a specification for casper yet.

Huh? So I sell software and receive $ or bitcoin or whatever. It's illegal for me to use the proceeds of my software sale and diversify my holdings into gold, stocks and other assets?

when companies which are handed 20,50,100,150m in the real world to develop, the founders and ceos dont get rich when their companies fail. everyone fails

in crypto, none of it will matter. everyone who got ICO money is going to get rewarded and rich no matter what happens to their ico business.

my understanding is that when you are collecting capital, under a "company" or "business" you cannot take those proceeds and specifically invest in stocks or bonds without first registering that entity with the SEC. to ensure that investors are known that you are going to use those proceeds and invest in the open market, because you are effectively turning yourself into a hedge fund.

There's the difference. For ppl selling a utility token they aren't selling to investors. They are selling a product to purchasers. The SEC has nothing to do with it. If Tezos was a security sale, your point is probably valid. But they didn't sell it as a security, possibly incorrectly, it was sold as a utility.

The Tezos org debacle is going to be studied similar to Adelphia was when I was in college.

I'm calling "accumulate" until the BTC fork as a trade or possible long term position.

A bunch of money came out of ETH and all coins for that matter for BTC for the fork. BTC started a nice uptrend then CME announces they will start futures trading and things got set on fire and a bunch of money fell into the laps of the coin hoppers who are planning on hopping back to ETH after the fork after they get their "free" coins.

Literally seconds after the bitcoin gold fork, ETH ramped like $30.

Keep in mind, bitcoin gold wasn't ****. I didn't even know it was going on. And still the amount of money from bitcoin gold, was enough to move ETH $30+ in a very short period of time.

So now we have Segwit2x, which is a huge ****ing deal, and now all the people who left ETH for it are up BIG. They still have the plans to go back to ETH, only this time they have a bunch more money because of all the cash that flowed into BTC on the CME news.

Obv nothing is ever certain. ETH may dive with BTC upon the fork. I'm playing it as that a bunch of money from BTC will flow back into ETH. If it does, it very well may be enough to break ETH out from it's monster triangle which in turn would signal more buying. It could trigger ETH into the mode BTC has been on.

Tip from the top: Accumulate ETH with USD over the next 10 days until BTC fork.

I mean, hell I haven't done the math, but BTC has added how many billions in market cap? Easily over 30B which would double ETH to $600. I'm not saying that's going to happen, I'm just saying things are super bullish for ETH. There's either going to be those MONSTER green candles after fork or not.

If you are looking for a long tern hoDDle then buy some ETH for maybe a %50 gain in a year.. If you want to gamble a bit buy a low marketcap coin with potential.

For me im bying %60 of my portfolio into etn/ Electroneum right after 2x BTC fork. ETN will probably be 1-4 cents at the time. After the BTC hype is over money will start flowing back into Alt coins hard and fast! ETN will be an easy 20-100x my investment.

It's a mobile mining app with its own non ERC20 Ethereum blockchain. ITs Monero like. And easy to mine.

Anyways im putting about $5k - $7k more into it when the times right. I did buy the ICO which was actually more successfull with more users than any other ICO in history. Wish I bought more of the ICO, Its already 5x.