Category Archives: Opinion

The upcoming Segwit2x situation

Get ready, prepare your bitcoins! Make sure you’re storing them on a Segwit2x supportive exchange, Ledger Nano or Trezor.

I was going to research the exchanges and make an informative compiliation but it looks like BitcoinMagazine has beat me to it, luckily! haha. If your exchanges are these:
Bitfinex, Bitmex (awesome stance on s2x), Bitstamp, GDAX (Coinbase), Bitflyer, Kraken, HitBTC, Bitcoin.de, CoinsBank, Cex.io, itBit, Gemini (Winklevoss’ exchange), Coinfloor, BTCC (Chinese), BitMarket, QuadrigaCX (Canada), Mercado Bitcoin (Brazil & Argentina), Bitso, The Rock Trading, & EXMO … then check the detailed descriptioins of those on BTCmag here.

Others that have not made statements yet about the upcoming segwit2x (B2x) UAHF are: Mercatox, OKcoin, & Binance.

But also make sure to check your exchanges own blog or announcements pages so you can hear it from the horse’s own mouth.

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Which crypto adding to Bithumb next?

Bithumb is the Korean exchange with massive volume. Check it out, bithumb.com. Usually after they add any crypto the price surges to highs, Monero from $60’s to $130’s, Zcash from $250’s to $450’s, and last was QTUM which didnt perform as well (but what were they thinking by adding this coin last time?)

So lets get prepared! The question of today is, “Which crypto currency is Bithumb going to add next?” is it Neo, IOTA, OmiseGO, Stellar, Lisk?

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US Citizens troubles with Bitcoin exchanges

So recently I wanted to test out the Bitmex trading platform, and as I tried to begin by depositing bitcoins into my account, I get this message:

Due to local laws, BitMEX is unable to service your country (US). We cannot accept deposits. If you believe this to be in error, contact us at support@bitmex.com.

While any US citizen using Bitfinex (imho the best bitcoin trading platform around) know that they are terminating all crypto transactions from ALL US individual customer accounts:

“we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017.”

from this post.

WTF is going on??? I would love to hear your informations or opinions on why this is happening, is Trumpland USA really fucking shit up internationally?

/Rant

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Will Bithumb (Korean exchange) ever add Zcash?

Will the #1 Korean exchange, Bithumb, ever add Zcash to their list of crypto currencies traded on their platform?

They have all the top crypto’s Bitcoin, Ethereum, Dash, Litecoin, Ethereum Classic, Ripple, Bitcoin Cash, and Monero. When you check other exchanges like Poloniex, Cryptopia, Bitfinex, Bittrex, HitBTC, Kraken, and even the choices Ledger Nano and Trezor have, seems like Bithumb next coin to be adding should be Zcash.

This completely speculatory and coming from my own opinion, would love to hear your opinions on this, email me at talkbitcoins.com |at| gmail

If you’d like to suggest Zcash to be added at Bithumb you can here https://www.bithumb.com/u1/US133

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Cryptopia now has Embers (MBRS)

Cryptopia adds Embers MBRS

Cryptopia is a well known bitcoin and crypto currency exchange, they’re best known for adding every altcoin under the sun, most recently was Embers (MBRS), which came originally from Ether Delta (most terrible, non user friendly, crypto exchange the planet maybe?)

So Cryptopia adding MBRS was a great thing for anyone interested in anything coming from EtherDelta exchange.

Here you can see Ember at CMC, on the rise!

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No Gemini follow up about Bitcoin Cash

gemini-bitcoin-cash-nothing

Some of us bitcoin holders held bitcoin in Gemini exchange during the Aug 1 fork, we knew Gemini was not supporting Bitcoin Cash, but after the fork and BCH/BCC become quite a valueable coin 99% of non supportive exchanges have since announced they will distribute Bitcoin Cash for their users, some have immediately (Poloniex, Cex, etc), some announced they’ll be distributing later, like Coinbase announced they’ll be distributing in January 2018.

Surely every non-supporting exchange had pressure from users, hoping and requesting they get BCH, Gemini ended up posting this on Aug 3 addressing the BCH forking issue on their blog:

Since the “hard fork” on August 1st, 2017, we have been monitoring the situation closely. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). As we first wrote on March 20th, 2017, and later updated on July 26, 2017, we will make every effort to support withdrawals for the chain with less total difficulty (in this case BCC). As a result, we are currently working on a technical implementation for a one-time withdrawal of BCC for our customers. With that said, any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner. We will post material updates when we have them. If you have any questions, please contact Gemini customer support at support@gemini.com.

So it seems like good news, but after emailing them at their above support email, asking for an update on this situation, they responded with this generic response:

Thank you for reaching out. Currently, Gemini does not support trading or withdrawals of the newly forked chain (BCC / BCH / BCash). We have been monitoring the “hard fork” situation closely and are currently working on a technical implementation for a one-time withdrawal of BCC for our customers.

Any modifications we make to our digital asset storage system (including support for a one-time withdrawal), are made with extreme caution and require extensive security review to ensure the integrity of our customers’ assets. We appreciate your patience and understanding as we take the next few weeks to build this functionality in a safe, secure, and responsible manner.

Material updates will be posted on our blog here: https://gemini.com/blog/update-bitcoin-hard-fork-bitcoin-cash/. Please let us know if you have additional questions.

It’s actually copy and pasted from their blog. 🙁

Gemini! It’s August 21! Can you please update us, many of us have been loyal customers and would appreciate an update on this situation.

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Bitcoin Cash (BCC) surprised us all

Bitcoin Cash August 1st, 2017 UASF split Bitcoin into 2, BTC and Bitcoin Cash (BCC/BCH) * causing massive stress, panic, excitement amongst bitcoin holders.

Bitfinex automatically credited about 85% of BCH tokens to users while we were expecting 1:1, the reason why was posted on Bitfinex BCH distribution update here.

The price was almost instantly around $450 usd when I tuned in and sold from $450-680 and it maxed out at $693 yesterday August 2. The price soaring was a shock since most bitcoin enthusiasts believed Bitcoin Cash to be a shitty altcoin that would die ASAP. Reddit had hired posters helping to push the hype. My theory is that Chinese investors $$$ was the probable cause of the huge gains, possibly funded or partially funded by Jihan Wu *, who was a strong supporter of BCC/BCH.

With HitBTC opening BCC/BCH wallets first, and the price going so low as $200 (0.08 BTC) I think this is solid proof that opening wallets on other exchanges will drive the price down of Bitcoin Cash.

List of Exchanges & wallets that supported the token split: Bitfinex, Bithumb, BitstarEx, Bittrex, BTCbox, BTCpop, CoinFloor, Huobi, Korbit, Kraken, MercadoBitcoin, Okex & Okcoin, Toubi, ViaBTC.

You can check the current market rates per supporting exchange at CoinMarketCap Bitcoin Cash page here.

List of Exchanges & wallets that did not distribute tokens: Bitstamp, Bleutrade, Coinbase, Cryptopia, GDAX, Gemini, Poloniex.

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