Tag Archives: opinions

Preparing for Bitcoin Private fork (BTCP)

Bitcoin Private fork is coming Feb 28, 2018. Each Bitcoin (BTC) holder and Zclassic (ZCL) holder will receive 1:1 Bitcoin Private (BTCP). So you better get prepared if you plan on claiming your forked coin.

Here is what we have so far:

KuCoin has announced support for the BTCP fork. KuCoin is a fairly new exchange and an active supporter of many Bitcoin forks. They have given users BTCP already, opened markets for a few days, but now they say they will not support trading of BTCP anymore.

TradeSatoshi has announced support for it.

Nanex.co Just added BTCP/NANO trading pairs today.

Binance, BitcoinPrivate announced on Twitter they have submitted application at Binance to get listed. A rep from Binance told me “Right now not support”. So make your own decisions.

HitBTC has announced they’ll be listing BitcoinPrivate for trading, but no confirmation about distributing BTCP coins to BTC holders.

Bittrex, many people seem to believe Bittrex will be supporting the fork since they do have both BTC & ZCL pairs there. Bittrex announced they’ll help ZCL holders get their BTCP but they will not be crediting to BTC holders

There have been no other announcements regarding any other exchanges that I’m aware of.

Find more information on their website BTCprivate or Twitter page here.

Is Litecoin Cash really a scam?

Everyone in the crypto space is aware of the recent Litecoin pump, some say due to the announcement of Litepay, some actually think part due to the upcoming “fork” of Litecoin called Litecoin Cash (LCC).

Charlie Lee posted on Twitter saying LCC is a scam:

PSA: The Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin. Don’t fall for it and definitely don’t enter your private keys or seed into their website or client. Be careful out there!

Since on the topic of scams, any fork of Litecoin, calling itself Litecoin something or other, is a scam IMO. Litecoin Cash, Litecoin Plus, Litecoin *… all scams trying to confuse users into thinking they are Litecoin.
This also applies to all Bitcoin forks trying to confuse.

But with the way he’s wording it on his tweet, I believe he means it’s more of a theft, as in intentional branding theft of Litecoin and misleading crypto investors rather than actually scamming users for their Litecoins. Also there is no reason for a fork of Litecoin, it’s completely unnecessary and for that fact some may call this a cash-grab by the creators of LCC, or even call it scammy.

This is just my opinion, read more about the Litecoin Cash “fork” or whatever you want to call it, on the Bitcointalk thread here.

Price Prediction for Litecoin Cash

Lets say a 1:1 fork coin would roughly be a 10th of price of Litecoin, so at current rate we’ll say $22, but since LCC distributing 10:1 I think it’s safe to assume a 10th of that, which would put it at $2.20 according to my estimation.

I still believe since the fork is basically useless, maybe worth a minor pump off the bat, or a dump as people trying to rid of their received coins, my overall guesstimate would be $0.75 – $1.50 per 1 LitecoinCash (LCC).

Supporting Exchanges

So far only one crypto currency exchange has made any specific statement about possibly supporting the Litecoin / LitecoinCash fork. Mercatox exchange had this announcement today:

LTC processing upgrade
Mercatox is performing a scheduled LTC node system and processing upgrade The upgrade will take approximately few days. Mercatox will suspend withdrawals of LTC during this period. We apologize for any inconvenience caused, and thank you for your patience. Also we will cancel all stacked withdrawals and will ask you to order it again.
We will do our best to accept the upcoming fork which should occur on or around February 19th, 2018 and fund your accounts with LCC.
Thank you for staying with us. SOURCE
Mercatox Team

UPDATE: Yobit, TradeSatoshi, Crypto Bridge, SouthXchange and MeanXTrade all announced support of LCC.

More facts about LitecoinCash

Site: https://litecoinca.sh
Exchanges: Mercatox, Yobit, TradeSatoshi, Crpyto Bridge, South Xchange & MeanXtrade
Fork date: approx Sun February 18, 2018
Block height: 1371111
BitcoinTalk thread: https://bitcointalk.org/index.php?topic=2876538.0;all
Twitter page: https://twitter.com/LitecoinFork
Reddit: https://www.reddit.com/r/LCCofficial/
Interview with Litecoincash team member

Sleazy “Bitcoin is dead” advertising

Bitcoin is dead adverts, sleazy, scammy, scummy

An article at UndergroundFinance by Jeff Brown claims “bitcoin is dead” and this Jeff character boasts about how he supposedly “called it”, predicting shit correctly, which is obviously bullshit that is trying to get people to entrust in himself and his article. UndergroundFinance/JeffBrown are paying top dollar to get their bullshit, deceptive adverts all across crypto related sites like Coin Market Cap (coinmarketcap.com). I would advise against clicking any adverts by: UndergroundFinance, Jeff Brown, or Bonner And Partners (bonnerandpartners.com). Really terrible, sleazy and deceptive marketing practices, shame on you dbags 😡

Bitconnect finally gone bust!

The sketchy crypto coin and lending platform Bitconnect has finally gone bust!

Just $400 per 1 unit of BCC a few weeks ago, down to $15 today, and still dropping.

Their website and subreddit are offline:

You can still get an idea of the damage by checking out BCC on Coinmarketcap site here. Also read more about it at this article.

Many youtubers were promoting Bitconnect with their referral links, many came across as spammy, for such a scammy pyramid-style setup that Bitconnect was. Users like Craig Grant, Trevon James & CryptoNick, c’mon fuckers, you knew exactly what you were pushing! Quit pleading innocence on this! 😡

The shameless BCC holders hitting HitBTC trollbox with comments like “Buy BCC!!!” or “hold your BCC it go back up”, “HODL BCC”, but if you have a brain in your head, you know better than to touch it with a 10 foot pole.


Conspiracy theory: China intentional crypto price manipulation

imagine if China eventually retracted their statements banning bitcoin mining in China, China centralized exchanges, OTC, or anything crypto….. using that news as a massive price manipulation to their own advantage. This would be incredibly smart, towards building wealth of course, but is that fair? Would this effect any world wide regulation or law towards markets or finance manipulation? Lets discuss

Search Google for “china manipulating currency” and you’ll see, manipulation is something they have always done with currency, why wouldn’t they with something as easy to manipulate as bitcoin or any other crypto?

Email me your thoughts

Bitcoin Jesus or Crypto Cancer?

Roger Ver, he calls himself “Bitcoin Jesus”, as a narcissistic that he is, must compare himself to higher powers, or GODlike figures like Jesus. In my opinion he is a cancer to the crypto markets, bitcoin especially, but surely the entire crypto game as a whole.

Everyone, do not support narcissistic, egotistical, scammer, misleading and master manipulators like Roger Ver! Things he’s involved with are: Bcash (Bitcoin Cash, BCH), Zcash (ZEC), Bitcoin.com (beware, he aims to mislead you into getting Bitcoin wallets while in fact you’re getting Bcash wallets), and the list goes on.

Checkout more about Roger Ver at WhoIsRogerVer.com


Newbie money entering the crypto world

There has been an influx of newbie money entering the crypto space, many newbs that I know are seemingly more interested in Xrp, LTC, & Iota, and I always ask why, from what I have observed, they are not interested to invest in Bitcoin because it is “too high” or “too expensive”, so it seems they want to invest in the less popular coins, no matter what they may be, because they are cheaper, mor affordable, can own full units, and I’m pretty sure their drive is that they want to recreate the bitcoin rising experience.

So with Ripple rising so quickly right now (39-79cents in last 24hr), really great for those making tons of gains, but my gut is telling me this one, with the new money, which will be panicky and weak, once it begins to downturn, should fall really big, really fast.

Why does Jihan Wu hate “Bcash”?

At a conference a man refers to Bitcoin Cash as “Bcash” and Jihan Wu gets his panty in a bunch, “Maximum disruption” yelling out “Iss Bitcoin Cash! Not Bcash!”

The question is, WHY Jihan do you really care so much what people call your altcoin? I have a theory.

One of the main reasons Bitcoin Cash is even “a thing” right now is because of it’s parasitic nature, not only does Bitcoin Cash copy Bitcoin’s logo, they also steal the priceless branding that bitcoin and it’s team of developers have built.