If Bitcoin dies does altcoin die?

Well if granddad dies then it does not mean that the gran-kids die too and block-chain along with mining and PoW
is so yesteryear and won't scale anyway.

Ripple and IOTA are 3rd generation and HashGraph is the pudding in the oven

Bitcoin has given Crypto a bad name in it's old age due to the miners charging crazy fees and the development team
using excuse after excuse to do nothing about it so yes alt-coins will live but now most of them will live with a dirty
name because someone got too greedy

But unless I want to keep taking money out of my own pocket which I don't then I need to sell BTC so that I can buy back in
at a cheaper price so i would take you up on this devious plan of your  to short Bitcoin but the trouble is that I
took most my profit out already and was I too make 30% after sending the dust I have left to an exchange to trade
then the two transaction costs needed to play "Day Trader" would eat up all my winnings.

Nope I think my stop loss at $10,000 on Bitcoin price suites me better

Cars are no good if the road is broken !

I love buying "on the dip" so should I buy something that has gone up 10,000% already
or maybe something that has only gone up 1,000% and costs a single digit sum instead
of a five digit sum and has a transaction fee of almost zero.

Decisions, decisions or am I in the wrong church again and the vicar is going to kick me out again !

Maybe we should talk about transaction speed or development times and what about scale-ability
or the number of transactions being carried out today on these networks or about that other little
subject that is often over looked and is called "trust" ?

Could be that our religious sacrifice of 20,000 miners wasting CPU power doing computer wars is not pleasing
our God and we need to start human sacrifice and forget about global warming doing the job in the longer term.

So boys what are we buying "on the dip" because I am all ears  

 

 

So as Bitcoin dropped from $20k to todays $14k it was going up each day ?

I agree tulips in 1634 had bad weeks too but BTC won't scale and logic dictates that something that has
already gone up 10,000% cannot compete with a similar product that has only gone up 1,000% and
not only works faster but has close to zero fees like BTC had just a year ago.


Then why has the price been trading sideways or downwards and my granny was not interested once
she found out that her gambling fund of $100 would be eaten up by $25 in fees just to enter the casino
and hit again if she was left with any winnings to take back out the door.

Sorry Sir but I am good at maths and I cannot make your numbers add up even if I throw
logic out of the window.
 

Down loading movies using Bit-Torrent and using Mag256 boxes is illegal but it's not stopping
too many people because it offers value for money

Bitcoin is not value for money due to the transaction fees, it's committed suicide and is laying in bed looking unwell
just now and if the doctors can save it's life then it will be condemned to the nut house, damage is already done, all
trust has gone.

Underground currency will always exist in the form of silver or gold coins as well as digital coins
but Bitcoin will not be part of that mix.

My granny was interested in having a flutter with $100 on bitcoins so I told her
how she would lose 3.99% with Coinbase converting cash to BTC and she understood
why she need to use her own wallet in case the exchange went down.

Smart granny she is !

Well when I told her it would then cost $25 and maybe as high as $55 to send
these high speed digital token from Coinbase to her private wallet due to crazy miner
transactions fees and it might take hours she looked at me, grabbed her walking stick
and then banged me over the head saying "I told your mother, nothing good will ever come from you"

I would had argued back but my mum on my advise had purchased $1000 worth of BTC last month
so the $45 rip-off transaction fee at the time didn't effect her too much but then the priced dropped
$5,000 due to high fees (nothing to do with South Korea) and now she won't answer the phone when
I call !

Moral of the story is not to advise friends and family in after the train has left the station

Yeah well what about all the forks all doubling the money supply from 21m to 42m or would you like to think that the world is running out of numbers ?

White cheese. red cheese or blue cheese is all fine with me and didn't we see this all before being played out with domain names where it was costing
silly amounts of money to buy them until they started to release other top level domain names ?

I am relaxed as you say because I have placed a stop loss on my BTC if it goes below $10,000 to protect my winnings
but unless the fees come down dramatically then that's just where its going because the white and blue cheese tastes
just as good as the white and green cheese to me.

Ripple =100bn Coins at $14,000
BTX = 21m Coins at $2.50

Do the sums because even with 100bn coins Ripple is cheaper than BTC
and when converting the amount/cost ratio this puts Ripple at about $6,000
so if Gold is at $1250 and you can by Silver at $5 Oz then go for the silver.

Both Ripple and ETH will take out Bitcoin and if you study up on "Lightning Network to the aid" then you
will discover that it uses hubs, they charge fees and are in fact "Banks" so that's more pain on top of
the $25 plus Tx fees we already have today.

See https://www.youtube.com/watch?v=UYHFrf5ci_g

I own and like both Ripple and ETH but ETH will need a major re-write to survive because
just like BTC it uses Block-Chain and therefore will not scale and i have already covered the
Lightning sticking plaster.

Block-Matrix will work and scale and will break transaction processing (Not mining as they call it) down
between nodes which involve some centralization just like Lightning needed anyway for it's hub/banks

ETH developers are pro active, BTC developers are sitting on there hands and cannot even come up
with a temporary fix on Bitcoin to limit the fees and have been taken over by greed and big finance.

I can see Ripple becoming a conduit to get money from XYZ coins back into fiat at the bank
and have no love for bankers but unless we get our act sorted out and that's not going to be
$25 in fees from a white paper that said "Virtually free transaction fees" and on a public
ledger then Ripple will take over.

Mining coins and PoW is the biggest pile of crap ever invented by someone calling themselves
a programmer and the king has no clothes on people, we didn't need it before and we don't need it now

oh i see, numbers especially if they result in having to partake in CPU wars and burn up electrical energy
adds value to something does it now.

OK so give me a Google search term and I will program my machine to load up the first 100 results from the
search and then scan each page looking for images and for each image I will get the program to count the
number of black pixels in these images.

How much are you going to pay me for this "valuable material in digital form" or should you
study up more on just what mining is all about and then we can move on to deal with this 51% attack bull that is
flying around if you see yourself as an expert in these systems.

So far the ETH developers have not turned into traitors and charge $25 just to store 250 bytes of data
in the block-chain and from a technical stand point it's better than Bitcoin but it's still no racing car.

The main contender to ETH is Ripple and Bitcoin will be knocked out of the race in the next 12 months
but loner term it will be something even faster than IOTA (100 TPS) that will take over using something
like Block-Matrix instead of block-chain or maybe the money highway like HashGraph

if the above does not work then Ripple will be the last one standing but for the record I own
BTC, ETH, XPR but have placed a "Stop-Loss" on BTC if it goes below the magical $10,000

Gamble if you like but do make the effort so that you can understand the architecture of these
coins and if you buy the Lightning Network propaganda then may i recommend watching the video
below and listening to the end or if your in a rush then watch the second video.

https://www.youtube.com/watch?v=MpfvhiqFw7A (Pro BTC long version)
https://www.youtube.com/watch?v=UYHFrf5ci_g   (Anti BTC short version)

I have placed a "stop loss" limit order on BTC falling below $10,000 to protect the rest of my
profit that I have not taken out yet due to unreasonable Tx fees on Bitcoin and no I would
not be surprised in the least.

When she blows you will see transaction fees going higher as the miners try to stop
people leaving the sinking ship and you can bet that Coinbase will have the usual
technical problems on big dips like they always do.

Now I know that i have many fans here so please buy my coins "on the dip"
if this happens and the robot sells my coins because this is what markets are
all about  

Yes but we already have 20,000 full nodes fighting CPU wars with each other and doing all this PoW
rubbish just to process a mere seven transactions per second (TPS) and warming the earth up in the process
as they keep Intel and big oil happy.

Let me give you a maths quiz

1. 50,000 miners will increase the TPS
2. 500 miners can still process 7 TPS and allow them to make a living on $1.50 Tx fees

Which answer is correct

You could use apples as currency or tulips but the apples tend to go off after a week so why would
anyone want to use something that costs $30 each time that it gets moved in Bitcoin transaction
fees when they could be using something like "Sliver-Coin" that only costs $0.01 each time it gets
moved.  (People once clipped bits off silver coins)

My friend your logic seem broken and blind faith does not cut it with me so let me see you
put some meat on them bones please

Hello friend, i was forced to take a week break from the site but i am back now.

I think the answer might be Ripple that is trusted by the banks so longer term it might
be wise to cough up 20 XPR to hold your Ripple wallet open and use that as a conduit
after converting XYZ>XRP

Regulations will force more people to use Ripple and they will like it anyway because the fees
are $0.02 per transaction and not $25 like it is with Bitcoin plus you have a small amount of
protection if your coins go on a walk about like we are seeing a lot of these days.

Don't worry I am no fan of the bankers but i am sure you can see the logic in my thinking

"Can Bitcoin make Banks disappear?"

Well a full grown elephant can "disappear" behind a tin of coke if it's 100 yards away
and the elephant in the room is Bitcoin transaction fees going from a mouse size $0.10 to
a massive $25.00 or more.

The two question you should be asking are
1. Will I have any value left in BTC to cash out
2. Will the banks take payments coming from Exchanges so i can spend fiat on the high streets

Facts are the bitcoin miners are worse than bankers when it comes to fees and the new
Lightning Network uses hubs, these charge fees are are mini banks anyway.
https://www.youtube.com/watch?v=MpfvhiqFw7A

Sorry i though this was about scratch cards and getting rich quick and I need some quick help

You see I spent all my money on mining machines and was making a living when we only
had 2,000 miners on Bitcoin and now we have 20,000 so it was costing more in electric to
run my miner than I was making and now the price of BTC has dropped from $20k to unlucky
$13k

Please send coins to abcdefghij123456780...............
because my girlfriend is thinking about kicking me out if I cannot afford to take here on
holiday next month and keep buying her handbags every other week

Maybe i need to go on GDAX and do some trading against all the web-bots that are
buying and selling in seconds just to make a 0.06% gain, I'll teach them

Buy on the dip, you know buy low and sell high I am sure lots of people with vested interest here
would tell you but i have put a "Stop-Loss" on my BTC and will bail out the rest of my winnings if
the price goes as low as $10,000

Ripple is "On the dip" so yes buy on the dip and enjoy $0.02 transaction fees instead of
$40 rip-off mining fees from Bitcoin miners that are worse than bankers.

BTC = 7 Transactions per second
ETH =15 "            "                  "
IOTO =100 "        "                   "
XPR= 70,000       "                   "

Lightning Network = Channels and Hubs (Banks) and might speed up TPS but that means data
won't be on this glorious thing known as the "Block-Chain" and total fees in my estimation will
be going up, not down like they are making out

https://www.youtube.com/watch?v=MpfvhiqFw7A

Think carefully because my logic is sound

Bitcoin as good but has now become corrupted and you only need to look at the crazy mining fees to
know this and Lightning Network could well result in total fees going up since you need to pay both
miners and banks......err...........sorry hubs

See https://www.youtube.com/watch?v=MpfvhiqFw7A

Yes it was always going to pop at some stage but in this case the development team
have made there own pin and are popping the bubble and this self inflicted wound cannot
be blamed on bankers.

Ripple is the answer because it is trusted by banks so gamble..... sorry "Invest" in alt-coins
and then move any winning if you have any out to XRP and then the banks.

Crazy high fees from Bitcoin because the bankers own the development team forced me
to test Ripple out and you have to leave 20 coins in you wallet but apart from that I like
it and testing has shown that it only cost $0.02 per transaction instead of $25 and trying to
send $0.50 does not work but $1.00 so in that respect it does not do what it says on the box
but lets face it Bitcoin does nothing these days that they said they set out to achieve.

Reason behind sudden market crash..

High transaction fees and people have been waiting for the development team to put a upper limit
on the maximum Tx fees but they have been sitting on there hands.

20,000 BTC miners are not needed because too little cream is left to spread around so those that
won't process a transaction and put a mere 250 bytes on data into the chain for $1.50 are all
WELCOME BY ME TO LEAVE