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Messages - Bob von Crypto Karma

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not so much losing its dominance but maybe settling in with a lot of other viable cryptos now on the scene.
it couldnt remain so dominant forever, and it will help settle things if bitcoin doesnt rise so dramatically.

there would be a lot of rich people if it did!!!

Latest News / Re: TRON grew 12755% in one month
« on: January 06, 2018, 05:14:19 PM »
I sure do love Tron and am glad to have invested in it   :)

Yes, I just read about that nil.
I guess it reveals the weakness in crypto investment with the banking industry starting to make it harder for people to get their money out of cryptos and back into cash.

I hope someone out there is coming up with a solution because it needs one.

Say hello! / Re: hello guys
« on: January 04, 2018, 01:15:59 AM »
Hello Mr Belly.
Welcome aboard, look forward to your contributions.

Latest News / Hits of the Day
« on: January 03, 2018, 07:39:13 PM »
Wow, lots of hot action today in crytpo land.
The high flyers today have been...
Ripple  up 33%
Cardano 54%
NEM 65%
Stellar 44%
TRON 37%

and thats only looking at cryptos in the Top 20!

What a day. Love it.

Latest News / Zclassic and bitcoin private fork
« on: January 03, 2018, 03:31:12 AM »
A very interesting story...
About 3 weeks ago, Rhett Creighton, the creator of ZClassic, and the other founders of ZClassic announced the intention to release a combination Bitcoin fork / ZClassic fork to be called Bitcoin Private. A call to volunteers by Creighton asked for community support of the upcoming fork. In that post the details of the upcoming fork are detailed. Specifically, the fork will include replay protection so the ZClassic chain will continue to exist and Bitcoin Private will be airdropped to Bitcoin holders on a 1:1 basis and ZCL holders on a 1:1 basis.

Since Bitcoin Private was announced, the price of ZClassic surged from around $2 to over $88 as of now. In this post, we will take a look at the fundamentals behind this surge and discuss the potential of ZClassic and Bitcoin Private.

read more here...

General Bitcoin Discussion / Re: withdraw and get it in cash?
« on: January 03, 2018, 02:34:23 AM »
further to this... it depends where you live.

If you are in Australia, for example, there is a website where you can pay a bill, send money to your credit card or bank account without even logging in. Once you make your selection they provide you with a wallet address and you transfer one of 8 crypto currencies to them. They then pay the bill. Simple!

there are other systems being developed around the world but most of them restrict you to your own country.
TenX, based in Singapore, looks like it could be used globally.

General Discussion / Re: need help?
« on: January 02, 2018, 11:38:21 PM »
you can buy litecoin directly on coinbase
I am sure you can do this on some other exchanges

General Bitcoin Discussion / Re: What exchange do you recommend?
« on: January 02, 2018, 11:34:28 PM »
1 - if you already have a crypto on an exchange and all you want to do is trade i.e. buy and sell other cryptos, then that happens instantly.
2 - if you want to move the crypto off that exchange into cash or send it to another exchange, that can take time and fees depending on the crypto.

General Bitcoin Discussion / Re: withdraw and get it in cash?
« on: January 02, 2018, 11:32:49 PM »
you could do a number of things...
1) you could transfer some to a debit card that links to your crypto balance and use it like any card to buy things and withdraw cash, little by little.  :)
2) you could withdraw cash from the exchange slowly so you are under any notification limit.
3) you could withdraw the lot and the government would be alerted to this. It is not a crime but they need to know who is moving large amounts of money around.

General Bitcoin Discussion / Richest Bitcoin owners
« on: January 02, 2018, 07:48:14 PM »
Here is a list of the top Bitcoin wallets and the distribution of all Bitcoin balances. It is very interesting data...
Bitcoin distribution
Balance   Addresses   % Addresses (Total)   Coins$USD% Coins (Total)
0 - 0.0011475842654.58% (100%)2,695 BTC40,069,751 USD0.02% (100%)
0.001 - 0.01551951220.41% (45.42%)23,337 BTC346,998,521 USD0.14% (99.98%)
0.01 - 0.1429012615.87% (25%)135,100 BTC2,008,830,168 USD   0.81% (99.84%)
0.1 - 117722196.55% (9.13%)562,244 BTC8,360,102,355 USD   3.35% (99.04%)
1 - 10   548103   2.03% (2.58%)   1,452,014 BTC21,590,268,391 USD8.66% (95.68%)
10 - 1001321250.49% (0.55%)4,361,720 BTC64,855,214,441 USD   26.03% (87.02%)
100 - 1,000   15738   0.06% (0.06%)   3,707,024 BTC   55,120,422,704 USD   22.12% (60.99%)
1,000 - 10,000   1527   0.01% (0.01%)   3,334,785 BTC   49,585,529,400 USD   19.9% (38.87%)
10,000 - 100,000   113   0% (0%)   2,863,878 BTC42,583,537,084 USD   17.09% (18.97%)
100,000 - 1,000,000   2   0% (0%)   315,778 BTC   4,695,366,864 USD   1.88% (1.88%)

And the number of addresses richer than ...
1 USD100 USD1,000 USD10,000 USD   100,000 USD   1,000,000 USD   10,000,000 USD
20,798,416   7,997,293   2,934,774   876,240   185,671   23,395   2,373

Other sources suggest that the number of Bitcoin Billionaires might be as high as 200 or as low as 35.
I am sure they are some very lucky people!!

Announcements / E-Trade begins CME bitcoin
« on: January 02, 2018, 07:33:49 PM »
Slowly Bitcoin enters the arena of mainstream financial markets...

E-Trade Financial has opened trading in CME bitcoin futures for customers beginning at 6 p.m. ET on Tuesday, according to its website.

It is the latest online brokerage to expand trading in the relatively new products.

Futures exchanges Cboe and CME began offering bitcoin futures in mid-December after a wild run-up in the price of the underlying bitcoin cryptocurrency last year.

Interactive Brokers also rolled out trading in the products last month, and TD Ameritrade and E-Trade began offering customers access to Cboe futures as well.

Cboe Global Markets was the first to offer a bitcoin future followed a week later by CME.

Latest News / Why Bitcoin is going up today...
« on: January 02, 2018, 06:54:32 PM »
Here is an article on Vanity Fair that explains the views of Peter Thiel, of the Founders Fund, and why he thinks Bitcoin is undervalued.

and here...

Latest News / China's largest exchange moving to Japan and S Korea
« on: January 02, 2018, 06:49:29 PM »
posted a few minutes ago...

the text is below... VERY interesting...
Huobi, formerly the largest cryptocurrency exchange in the Chinese market prior to the cryptocurrency trading ban imposed by the local government, is reallocating to Japan, the second largest cryptocurrency market in the world.

Huobi Will Move to Japan and South Korea
In late 2017, China’s three major cryptocurrency trading platforms Huobi, OKCoin, and BTCC officially migrated to the Hong Kong bitcoin market, operating over-the-counter (OTC) platforms to address the demand for cryptocurrencies from individual investors in Asia.

Huobi, which rebranded to Huobi Pro to operate in Hong Kong, has started to process large volumes once again along with OKCoin’s Hong Kong exchange OKEx. It also has secured a strategic partnership with SBI Group, one of Japan’s largest financial institutions, to launch a large-scale cryptocurrency trading platform in Japan and South Korea.

“SBI Holdings has reached a basic agreement with Huobi Group (1.65 million accounts, maximum daily transaction volume of over CNY 30 billion (approximately JPY 510 billion), which has a track record of stably operating a major cryptocurrency exchange in China, to explore the following alliances,” the official statement released by SBI Holdings on December 7 read.

The official partnership document further revealed that SBI Group had acquired 30 percent of equity in Huobi’s Japanese venture Huobi Technology Japan Co., Ltd.

“SBI Group’s acquisition of 30% of equity in Huobi Group’s Japanese entity (Huobi Technology Japan Co., Ltd.) and 10% of equity in Huobi Group’s Korean entity (HUOBI CO., Ltd). Huobi Group’s acquisition of 30% of equity in SBI Virtual Currencies, a subsidiary of SBI Holdings.”

The partnership between SBI Holdings and Huobi is particularly noteworthy, as that would prevent any potential conflict between the traders on the Huobi platform and Japanese banks. SBI Holdings is expected to provide the Huobi trading platform with virtual bank accounts and robust banking infrastructure.

The backing of a major financial institution will also significantly help Huobi penetrate into the South Korean cryptocurrency market, given that Japanese and South Korean banks are already collaborating on several cryptocurrency-related projects.

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