what is burst about?
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
you just have to be fast and bid a little high, for example if its 3200 when its announced, bid a few hundred higher 3350 ATLEAST 3450-3500 would be safest (cuts into your profit but its better than missing it and having to cancel an open order and by then its over and plus polo is super slow activating orders), and hope you get a good pump.....
as soon as it looks like its losing steam i get out...your supposed to hold but, but if the pump is weak i suggest you get out... if its a big pump and shows a little support then its up to you... now there are a few times where it will attract some whales and shoot up even higher but that doesnt happen too often, you just have to feel it out...
https://gunthy.org/index.php?topic=306.0
gunbot 3.2 gui is out..
https://github.com/GuntharDeNiro/BTCT/releases/tag/v3.2GUI
can someone show me how to add vps?
gunbot 3.2 gui is out..
https://github.com/GuntharDeNiro/BTCT/releases/tag/v3.2GUI
can someone show me how to add vps?
The ICO Bubble
The fact is that a bubble market has allowed the creation of bubble companies, entities designed more with an eye to making money off investors rather than for them. Too often, an IPO, not profits, was the primary goal of a company’s promoters.- Warren Buffett in his 2000 annual letter to Berkshire Hathaway shareholders
In the late 90’s, companies like Kozmo and Webvan saw their stocks sore to incredible heights despite mounting and unsustainable losses. One well-known investor however wasn’t buying it. Pundits began to wonder if one of the most influential investors of all time, Warren Buffet, had lost his touch and articles with titles like “What’s Wrong Warren” and “Buffett Hits a Bumpy Road” graced the headlines of well-known publications.
As Internet usage increased, investors became more and more bullish about the prospects of dot-com companies using this new medium to build companies that could serve the whole country on day one. These Internet companies spent wildly to create brand recognition and network effects in the hopes of capturing markets. The vast majority had mounting losses but that didn’t deter investors as the prices of their stocks continued soaring to new heights. What happened next seems obvious in hindsight, but at the time investors believed that these companies couldn’t lose. As bubbles go, the fear of missing out took hold as retail investors saw everyone around them getting rich and didn’t want to miss out on the party.
Many people lost vast sums of money during that time due to this irrational exuberance. However, entrepreneurs and investors were right about one thing — the Internet would change our lives forever and there would be tremendous value built as a result. Companies like Google, Amazon, eBay, and Netflix were started around this time, with collective market caps today of over a trillion dollars.
Blockchains
Fast-forward to today and a new technology protocol, founded under the pseudonym Satoshi Nakamoto, appears to have many of the same characteristics of the dot-com 1.0 era. The blockchain technology and the original token, “bitcoin” has generated interest from entrepreneurs, enthusiasts and larger companies over the course of the past 5+ years.
In 2013, one of these enthusiasts, an early bitcoin programmer named Vitalik Buterin proposed a new platform called Ethereum, that simply put, would allow developers to build “smart contracts”. These are programmable transactions that align incentives between developers and the users of their protocol or application through a token mechanism. This token mechanism could be used to reward users for participation in the network and developers for their work. As we saw in the early days of bitcoin, the first waves of participants in these networks could become tremendously wealthy as usage increases and drives speculation. The promise of which could drive early users that believe in the value proposition of new networks to secure very cheap tokens early on.
After a short drought in terms of new companies started in the cryptocurrency space, Ethereum yielded developers with the means to deploy self-enforcing smart contracts which can be used to facilitate automated processes in countless markets, use cases, and industries. This novel concept has begun to encourage more people to develop protocols and blockchain-based decentralized apps (dapps) with the hopes of creating a positive feedback loop — whereby developers and users are incentivized to drive usage.
To try and explain this in a way that’s easy to comprehend, lets think about it in terms of today’s public companies. Take eBay for example — imagine that each share of eBay’s stock wasn’t a “share” but instead was an “eBay token”. Not only does that token represent ownership in eBay but in order to purchase anything from eBay you would need “eBay tokens”. Developers would be incentivized to continue to build the platform as their “eBay tokens” would become more valuable as the network grew which also drives speculation (like in the stock market). Sellers who believe in the promise of the service would be incentivized to use eBay if they were to believe that the value of the “eBay tokens” would rise over time. For example, if the network grew in size year one, the result could be one eBay token rising in value from say $1 to $3. A seller could then sell a rare collectible for 10,000 tokens which, if held for a year’s time could net them 3x the initial sale price.
When put into these terms, it’s easy to see why developers, users and investors are so excited about the promise of crypto-tokens. When a new project in the space announces the intentions behind what they’re building, the developers typically publish a white paper and at some point afterwards, hold an ICO (initial coin offering).
The “Ethereum of the Dot Com Bubble”
This is reminiscent of Netscape’s introduction and subsequent IPO in the mid-1990’s. For the first time, Netscape brought the Internet to the masses. Early on, the Internet was used almost exclusively by more technical people since it was basically UNIX on a terminal without graphics. There was interest in the technology, but the use cases weren’t clear and it was often thought of as a repository and for information storage (this too sounds oddly familiar to how the masses thought about bitcoin and the blockchain early on). Netscape’s browser provided people with a graphical interface that made it easy to browse the web, connecting people who could afford a computer and Internet access. This spawned the market for websites and Internet services which laid the groundwork for the boom and bust (and boom once again thereafter) that would follow.
Just like how Netscape showed the world what was possible and laid down the groundwork for the flurry of Internet companies that could now be accessed by the masses, the introduction of Ethereum, “smart contracts” and dapps has brought about a flurry of new projects as well as well as new protocols. Instead of IPO’s the developers of these projects sell crypto-tokens in ICO’s (Initial Coin Offerings). However, also like the Internet stocks in the 90’s, ICO’s have gotten out of hand recently. Just a few weeks ago, Gnosis, a predictions market that allows users to bet on the results of future events, rose to a market cap close to $300M at its ICO.
History Doesn’t Repeat Itself But It Does Rhyme
It hasn’t really mattered what the actual project is or if there are any users at the time, as the token prices are soaring on the dates of these ICO’s. So long as they had the word “Internet” in their business model, companies in the 90’s would go public and see their market caps soar despite the state of the actual business at the time as well. As investors see soaring prices, the fear of missing out takes hold so they too buy these tokens, which in turn drives other investors who don’t want to miss out to do the same, further driving up the prices. As the old adage goes however, “history doesn’t repeat itself but it does rhyme”. We know from history that these virtuous cycles don’t last forever and eventually bubbles have to pop.
That’s not to say I’m bearish on the crypto-token model long-term. Like the Internet, there is good reason to be excited about several of these projects today and in the future. The big reason is that, by aligning incentives between all stakeholders, networks can grow faster, providing just the type of positive feedback loop that can unseat centralized incumbents with their treasure trove of data and cash. At the same time, developers can work on projects that users want and need but previously there was no clear business model for (like protocols).
As Joel Monegro from Union Square Ventures said to me, everybody talks about zero marginal distribution costs to delivering products over the Internet but this axiom isn’t actually true. With blockchains though, not only can data become commoditized (which collapses margins) but as protocol usage rises, services and the cost of delivering the service decline as well. The result is that early users see their tokens become more valuable over time, making the service dramatically cheaper for them (approaching zero). Furthermore, a thriving network will also bring down the costs for users that join the service later on as well.
In the end, I do think we’ll see very valuable projects emerge from this time (like the early days of the Internet) but these projects must solve a real problem for users and if they issue tokens, they must be at the heart of a strong positive feedback loop that incentivizes all sides to participate in the network. At Compound, we’re putting our money where our mouths are — having invested in Blockstack’s most recent round and hope to make more investments as well. If you’re working on something interesting in this space, I’d love to hear from you!
Who dumped BTC and Eth two days ago for some quick small gains. I am kicking myself.
Btw shout out to Mr. Wykoff for making me a mod during his live chat on YouTube late last night.
His show is Sunday - Thursday.
His show is Sunday - Thursday.
Yep, I got that and confirmed the withdrawal. It went through according to my transfer history and less coins in my account.Should look like this.
It just never made it over to my Kraken account.
Thanks man, I figured as much.
It just trips me out that when its announced and I select it, it already shows that its been pumped. Its as if I was 15 minutes late rather than 5 secs late.
I haven't yet though man, I'm just letting it keep multiply. I'm trying to make all the profit I can out of this and plus I don't really need the money like that.
Its always a person that does not need money that always tend to have it. I challenge you to donate funds to Muslim Moskque Hiram 1555 run by Kogalee Muhammad.
If you are willing to donate 100,000 ripple to me as donation, I will give you my poloniex address to where to send it. And I will help you get your donation listed as a troll ripoff sucka, I mean tax write off, brotha.
Allah who is Master Fard Muhammad will bless you for this.
A warning about Polo
https://bitcointalk.org/index.php?topic=1925621.0
Please this is a message to all to be careful of Poloniex exchange!
They are no good!
I have used them for the past year in small amounts with no problems! Recently I decided they were safe enough and tried a large withdrawl and deposit! big mistake!
They have stolen my coins and blocked me from Trollbox as well as close every ticket I make without reason!
They are covering up all attempts I make to notify the community especially the troll box.
on the 16th April I had requested to withdrawl 26k LSK coins valued at the time at 13000 Dollars.
Polo had finally processed them on the 26th (10 days later with a complete bogus tx Id that is no where on the blockchain)
All attempts to contact them failed and finally saw they even blocked me on the troll box so I cannot even warn others.
I have uploaded a screenshot with the withdrawl that says processed on 26 April ()
and here are the transaction details.
I would appreciate any help that can be provided where we can make a lawsuit and claim to get this money back as this was a large amount to be stolen and covered up!
I have some friends who they have also done this too we are just waiting to get all the evidence and then post it here!
Details of the fake transaction are here:
Transaction ID is 17670652977860304751 and the amount sent was 26065.36710375 LISK. Coins supposed to go 3147357156577156587L.
Please I urge people to not use polo as I am sure they are doing this to many other people.
I have opened 5 tickets and all have been closed without reason or response! They are a scammy exchange
https://bitcointalk.org/index.php?topic=1925621.0
Please this is a message to all to be careful of Poloniex exchange!
They are no good!
I have used them for the past year in small amounts with no problems! Recently I decided they were safe enough and tried a large withdrawl and deposit! big mistake!
They have stolen my coins and blocked me from Trollbox as well as close every ticket I make without reason!
They are covering up all attempts I make to notify the community especially the troll box.
on the 16th April I had requested to withdrawl 26k LSK coins valued at the time at 13000 Dollars.
Polo had finally processed them on the 26th (10 days later with a complete bogus tx Id that is no where on the blockchain)
All attempts to contact them failed and finally saw they even blocked me on the troll box so I cannot even warn others.
I have uploaded a screenshot with the withdrawl that says processed on 26 April ()
and here are the transaction details.
I would appreciate any help that can be provided where we can make a lawsuit and claim to get this money back as this was a large amount to be stolen and covered up!
I have some friends who they have also done this too we are just waiting to get all the evidence and then post it here!
Details of the fake transaction are here:
Transaction ID is 17670652977860304751 and the amount sent was 26065.36710375 LISK. Coins supposed to go 3147357156577156587L.
Please I urge people to not use polo as I am sure they are doing this to many other people.
I have opened 5 tickets and all have been closed without reason or response! They are a scammy exchange
I just bought 51000 Bytecoins
and 11000 Siacoin.
I was informed to do so by the Mahxthdi Master Fard Muhammad who is Almighty God Allah himself!
The messenger told me that If I refused to buy these crypto currencies, that I would be struck by lightning.
So they HAVE to go up!
Long Term Coins: BTC, ETH, and XRP
Short Term Coins: Digibyte (DGB), Siacoin (SIA) SysCoin (SYS), XEM (NEM)
some of the short term coins can only be bought on polo. Dont worry about XRP it will rise again be patient bro's
I like stellar for long term...so I'm put a little more money into it...for the ones I'm unsure about but are generating buzz and too low a buy-in to ignore I'll buy some of each but not gonna go all in...I remember there was a vid w/ a dude saying pretty much buy them all if possible lol even if it's just $100 if they go up then I really can't complain about making my money work for me
Brotha, first of all. Asalamalaikum and Alaikum Salum. May peace be onto you and may peace be onto me. All praises are due to Jesus Christ who is Master Fard Muhammad who is Almighty God Allah to whom all holy praises is due forever.
The person you need to lay blame for this, my mooslim brotha, is the OP. For he is the one who put us all to this scam and he still promotes Poloniex to this day. He is responsible for your losses and your pain, and you should find him and force him to reimburse for your losses. Even the resident millionaire refuses to withdraw his funds because he knows that he is being scammed that that the devils that run Poloniex will take his money and run. He should be forced to cut out his tongue and cast himself down to the bottom of the sea. If you refuse to confront the OP and grab him by his thoat, and force him to give you every dime you lost, then you should commit suicide for you would be less than a man in the eyes of Allah and slapped over and over by the Messenger of Allah in your dreams when you sleep. There is no future for you in this scam. All your money is gone and it should be. For neither you nor the OP has a clue as to what they are doing and the OP will be tied to a tree and slapped until he has but 3 teeth left to choo his food with. Since I am a student of Allah, I feel compelled to tell you the truth. You have no future and will be poor your entire life, until you die. And it is most unfortunate that you read the OP's post and fell for this scam. I suggest you research the Tulip Bubble of the 1600s and send me all of your ripple coins. For this is the will of Allah and his Messenger. I will PM you my hash address of where to send all of your Ripple and Bitcoins. For Allah has toldeth me how to extract them and put them into my bank account. But since I take pitty upon you after reading your post, in the spirit of truth who flows from the survival scrolls I will send you some consolation for the your trouble and mistake of falling for this scam. I will send you 5 bean pies along with the bean pie recipe of kogalee as a bonus and as my personal gift to you. Asaloum Malaikum.
Its a scam mixed with a fraud.
ya...it's been slowly rebounding this morning
Wow digibyte you consider short term?Long Term Coins: BTC, ETH, and XRP
Short Term Coins: Digibyte (DGB), Siacoin (SIA) SysCoin (SYS), XEM (NEM)
some of the short term coins can only be bought on polo
I know no one is talking about it but when tezos launches next month you'd be wise to do a lil more research but diving in head first.
If their uncapped ICO raises $100mm+, it will be 4x larger than any ICO to date. It says a lot about the Breitman's character that they are ignoring cryptocurrency self-policing and standards and not capping it below $30mm like every other project, many of which could have broke away from community standards and raised much more than they did. It's frankly reckless. It's their project, it's their choice, but nothing happens in a vacuum. (They also get cash directly from this ICO, 8.5% of the fiat proceeds, that doesn't go to the Tezos Foundation but to their own entity, which is a first I think).
This is the first ICO to my knowledge in which the founders get 8.5% of the fiat proceeds in cash in addition to 10% of the tokens. This means if things go well, they will be extremely wealthy even if their projects fails in 1 year. This 8.5% is through the Breitman controlled US entity, DLS. I wonder how many potential ICO participants do not understand that this ICO is endowing not just the Tezos Foundation (10% of tokens, plus fiat), handpicked by the Breitman's and "philosophically aligned" with them, but also the Breitman's via DLS (8.5% of the cash, 10% of the tokens). The conflicts of interest are many and the structure is murky. This also will put heightened regulatory scrutiny on the Breitmans personally and Tezos in general. If we can't self-police, the SEC may do it for us. And the largest ICO ever, one that solicited US investors and funneled cash to a US entity, seems like the most obvious target to date. Unlike TheDAO, which was a disembodied pooling of capital and in which no one gained any money whatsoever, Tezos has actual targets who are actually raising money. Slock.it was considered greedy but never saw a dime from their ICO the way it was designed. The Breitman's will walk away from their ICO as ultra high net worth individuals (UHNWIs for people who love lingo). If Tezos ever becomes as successful as Ethereum is today in terms of market cap, the Breitman's will be billionaires. That doesn't seem like the appropriate out-of-the-box incentive structure for a decentralized technology platform.
If their uncapped ICO raises $100mm+, it will be 4x larger than any ICO to date. It says a lot about the Breitman's character that they are ignoring cryptocurrency self-policing and standards and not capping it below $30mm like every other project, many of which could have broke away from community standards and raised much more than they did. It's frankly reckless. It's their project, it's their choice, but nothing happens in a vacuum. (They also get cash directly from this ICO, 8.5% of the fiat proceeds, that doesn't go to the Tezos Foundation but to their own entity, which is a first I think).
This is the first ICO to my knowledge in which the founders get 8.5% of the fiat proceeds in cash in addition to 10% of the tokens. This means if things go well, they will be extremely wealthy even if their projects fails in 1 year. This 8.5% is through the Breitman controlled US entity, DLS. I wonder how many potential ICO participants do not understand that this ICO is endowing not just the Tezos Foundation (10% of tokens, plus fiat), handpicked by the Breitman's and "philosophically aligned" with them, but also the Breitman's via DLS (8.5% of the cash, 10% of the tokens). The conflicts of interest are many and the structure is murky. This also will put heightened regulatory scrutiny on the Breitmans personally and Tezos in general. If we can't self-police, the SEC may do it for us. And the largest ICO ever, one that solicited US investors and funneled cash to a US entity, seems like the most obvious target to date. Unlike TheDAO, which was a disembodied pooling of capital and in which no one gained any money whatsoever, Tezos has actual targets who are actually raising money. Slock.it was considered greedy but never saw a dime from their ICO the way it was designed. The Breitman's will walk away from their ICO as ultra high net worth individuals (UHNWIs for people who love lingo). If Tezos ever becomes as successful as Ethereum is today in terms of market cap, the Breitman's will be billionaires. That doesn't seem like the appropriate out-of-the-box incentive structure for a decentralized technology platform.
Is Tezos the ultimate blockchain?
Chris Stewart, CEO at SuredBits (2015-present)
Answered May 6
So I recently heard of Tezos and since I saw this question I thought I’d read a little bit about it. Here is an excerpt that should scare the living daily lights out of anyone thinking about using Tezos:
Decentralized, automated upgrades: Virtually every example of modern software provides for automated updates, but blockchains remain a notable exception because update procedures are typically centralized. Tezos achieves decentralized upgrades of its blockchain protocol, something no other system offers.
What this also means is they can change the rules of the system automatically from a central point. For instance, they could confiscate your coins. Or they could decide their previous monetary policy sucks — so let’s inflate everything by 100x. What if a hacker compromises the system that upgrades the entire Tezos blockchain?
Why not just use a postgresql database and say the Tezos foundation controls everything? Because that is what this means.
Chris Stewart, CEO at SuredBits (2015-present)
Answered May 6
So I recently heard of Tezos and since I saw this question I thought I’d read a little bit about it. Here is an excerpt that should scare the living daily lights out of anyone thinking about using Tezos:
Decentralized, automated upgrades: Virtually every example of modern software provides for automated updates, but blockchains remain a notable exception because update procedures are typically centralized. Tezos achieves decentralized upgrades of its blockchain protocol, something no other system offers.
What this also means is they can change the rules of the system automatically from a central point. For instance, they could confiscate your coins. Or they could decide their previous monetary policy sucks — so let’s inflate everything by 100x. What if a hacker compromises the system that upgrades the entire Tezos blockchain?
Why not just use a postgresql database and say the Tezos foundation controls everything? Because that is what this means.
Question for those trying to get off of Poloniex. Instead of trying to do one large transfer, wouldn't it be better to do a number of smaller transfers?
Long Term Coins: BTC, ETH, and XRP
Short Term Coins: Digibyte (DGB), Siacoin (SIA) SysCoin (SYS), XEM (NEM)
some of the short term coins can only be bought on polo
XRP isn't going anywhere and if it does it because mofos are pump and dumping it.
looks like DGB is trying to get to .01 today. 
Go DGB! Sia is right behind you! 
You are right LegalMoney, seems like DBG is linked somehow to SC the way XRP is linked to STR. Whenever one goes up so does the other!Go DGB! Sia is right behind you!
Go DGB! Sia is right behind you!
are y'all getting your siacoins from polo?
Yeah man, noticed it back when DGB / SC were racing to see which would break 100 sats first.
A lot of big money probably bought into both at the same time so when one pumps so does the other.
Either way its good money!
But I kinda like Sia's file storage platform. Only costs 750 Sia a month for 1 TB which is about $4.5.
Going to get another 500k for the cool Milly and see if this reaches $0.01.
This verification process is some bs!
dope...thanks!
You have convinced me, I have 300k SC coin right now I have to get to the magical 1 Million number ASAP. As far as DGB I have 3.7 Million and I have my fingers crossed that it hits .10 and I am out!
y'all ain't fucking playing
I only went in for 100k
once again my $$$ is timid
I just can't venture into the unknown like that
but @ least ripple gave me the confidence to dabble in other coins
looks like DGB is trying to get to .01 today.
NO. I need it to call back a bit... i want the run to start in another month or so
Man I wish I kept my DGB....had 800k and sold during the first run thinking this isn't sustainable.
Boy was I wrong..
Either way I'm so thankful for all of this it doesn't make it bad at all.
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