I already did it. Bitcoin cash is bitcoin
They are not the same, bitcoin cash is just another desprate way to make people mone bitcoin less so it does not end fast, devs have recently increased the mining difficulty on bitcoin just to make miners switch to mining bitcoin cash in order to make it work and secure its network, sure it helped it a lot and people are starting to use it a bit more but that does not mean it will take the place of bitcoin, and eventually bitcoin will get back again, and the ones who have switched to btc chas they will regret it. |
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A lot of miners have switched to mining bitcoin cash, since the bitcoin difficulity got harder in the last couple of days hence why the transaction are starting to get slow and they get unconfirmend and the fees getting higher, and with the hard fork that was supposed to take part starting tomorow being canceled all the hype behiend the high demand of bitcoin for the last couple of weeks was shut down, but i don't think that this will last, surely people will come back and we will start to see bitcoin clim back again.
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this is just temporary market manipulation like 100 times before.
bitcoin has risen too fast and too big but it was never in a bubble. the correction was down to $7000 and worse case scenario was to $6900 with a very strong resistance around $7000.
but with manipulation and force feeding people that it is a bubble, the fear was always there. with the SegWit2x being suspended, the FUD began which is led by bitcoin cash pumpers who want to redirect all the money to bitcoin cash market.
they have also manipulated the BCH difficulty in a way that it creates incentive for miners to go there and mine it. a miner who finds 1 block per hour is not finding 10 per hour on bitcoin cash so they obviously leave and that harms bitcoin temporarily.
and when all that is with lots of FUD and panic, the price crashes like this. but as you can see there are whales buying the cheap coins and will continue manipulating the market until this BCH attack comes to an end. by then there will be a jump back up above $6500 initially and then an accumulation phase and rise back to $7500+
+1 Agree. people write manipulation stories after every big pump. because everybody know that is fake pump. even tough miners support bcc who care? People trust bitcoin not miners coin and definetly greedy miners know that truth. We all know that, but what pushed miners to start supporting bcc is what caused the price to go down, the difficulty when mining bitcoin has increased a lot for the past few days and that puts it at a disadvantage, because with less miners on the bitcoin the higher the fees are on transactions, on the other hand bcc had a very slow start and poeple didn't care about it, all of this makes as think that this was a strategy made by the devs all a long just to make bcc succes forcing miners to get into it, but i don't think that this will go on for a long time, i am sure shortly things will go back the way they are because no one really cares about bcc. |
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Well all the poeple are scared and concerned about the bitcoin dropping a bit and btc cash going up, but the thing this is not the first time we have seen this happening, a veteran bitcoin user will truley know that bitcoin will rise no matter what happens even if it takes it a while but eventually it will get back again, and this recent increase in the btc cash's price is just due to the fact that devs want to people to support it and secure its network by mining it, so they are making it easier to mine compared to btc, but its difficulty will increase quickly and people will get back to mining bitcoin again.
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I think that this is simply a strategy made by the devs, to encourge poeple to mine btc cash and btc gold to secure its networks, as we all know btc cash and btc gold had a teribble start, and they didn't want to accept the faileur so they made mining them eaiser and increasing the difficulty on mining btc so miners would switch to mining the other tow, i don't think that this will last too long, i am sure by next week things will go back to the way it was and bitcoin will start climbing back again.
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Literally was about to push the button and exchange all my BTC for BCH but pulled out.
Just going to leave it for now, and see what happens over the next few weeks.
I'm sure BTC will rise back up again before year end.
I don't think its a good idea to join the bandwagon at this moment just because other investors are flocking towards BCH at the moment. Bitcoin Cash is not going to stop Bitcoin not now or ever and when the price slumps again, they are going to come back to Bitcoin again. I agree, just because bitcoin had a slight bump it does not mean that you should immedialtly switch to btch cash, this increase in its price is only due the fact that devs have encouregded miners to mine btc cash in order to secure its network and this rise probably won't last that long, and soon after it the bitcoin will come back, so exchanging bitcoin to btc cash is unwise, poeple need to keep in mind that btc cash is just another cryptocurrency and nothing more, and btc will always stay the king of them all no matter what happens. |
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With the recent relsease of bitcoin cash and the blockcain devs pushing poeple to mine it, many miners have switched to bitcoin cash and this effected the price, the price droped to 6500$ again , and this might be the best time buy before the next fork, because no one knows how far the price will go after it and there is no garente that you will get a chance like this for a long time.
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so the whole purpouse of these forks that have been coming and going is to encourge more and more poeple to strat mining bitcoin cash and that is by making its minig eaiser that the bitcoin, and this is to secure its blockchain, even tho at first poepel were not comftorbale with it, but they started using it as an alternative coin mining it and exchanging it to bitcoin, i don't think that the case will last, probably by the end of the year things will go back the same, but we are not going to see bitcoin going to 10k, so holding will be the best option here.
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All governments want to collect taxes from the population and in the world of cryptomoedas this ends up being difficult to do. That is why the Chinese government wants to ban or forbade the Cryptocurrency, but I think it will be temporary because I do not think I'll be able to control it.
Many governments will try to do the same thing so they can get money out of the population.
This is the only reason behind it. Governments don’t want bitcoin to be regulated under their law but they can’t control it. This is unacceptable to them and for this only, they are banning all these exchanges in different cities. Like China, there are so many countries who are just banning bitcoin transactions but they can’t do it for longer time. It is temporary, and future will be bright there. I agree for a long time, goverments have been spectical about bitcoin and wether they should do with it, because of how they can't control the transactions that come and go and they can't really know where the money is going, and this enhances criminal and illeagal transactions if used by the wrong people, and the other hand they have poeple earning thaousands of dollars and not paying taxes, because what they are earning is not real money, so all of these makes it hard to manage it, so probably thats what got it banned, but i wonder if these has to do anything with the reacent bitcoin price fall. |
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It is possible happen that ethereum overtake bitcoin?
Do I need to compare both of them or just hold both.?
Please share your constructive idea about this.
It is related with people who invest with bitcoin or ethereum. If people using ethereum increase, bitcoin may lose value. But I don't guess that ethereum will overtake bitcoin. Bitcoin is mother of other altcoins. Because bitcoin was a new leading type of currency people invested in it and never really paid attention to the other cryptocurrecies that came after it, up until its price became way to high to buy and so they started to look for other currencies to exchange, people are still focused on bitcoin, but that does not mean that ethereum is not popular, it is a currency that let's developers create their own coins, and little by little it is starting to gain some popularity, I mean look at all the ICO that are being announced and advertised on the form, in the future we may see it rise and be more popular but bitcoin will always be the king because it was the first in the cryptocurency world, and it is bitcoin who gave the starting and the goal for other curencies that came after it. |
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Well the amount of bitcoin availabe can never be changed and if it can they should never do that otherwise its high value will go down, most poeple are now rushing to get the most of it because one day they will be nothing left to mine, and you can see the blockchain developpers despretly trying to make poeple mine it less by creating bitcoin gold and bitcoin cash and encourging poeple to mine them, becuase they know that if things stay the way they are with people constantly mining bitcoin it will reduce its value and if they try to inrease it it will lose its value, because its rarity is what makes it strong and expensive.
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Bitcoin hitting 10,000USD mark seems a little bit hard for this year there would ba a price correction after the segwit2x hard fork. But, still we will see what would happen when the fork is activated and the price of bitcoin may scale a bit it may go down up to 6500$ (as of my speculation).
I agree, the price right now is above 7000$, and maybe the hard fork will push the prices a bit like 8000$ at max, but reaching 10k by the end of the year seems a bit over overdreaming, i am not saying that it is impossible for it to reach it, but it is not most likely to happen, so if you are a trader that is waiting for it to get to 10k to sell before the end of the year, you might want to rithink your strategy. |
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I think bitcoin is still the best, seeing bitcoin prices are growing. while eth does not experience price increase.
It is true that bitcoin is good and has a high price and a high popularty, but ethereum brings more than just currency it lets poeple create their own currency and use it efficently, i think that if ethereum was created before bitcoin it will defintly be the first, bitcoin was the first cryptocurrency that was good that is why it became so popular which lead to its price getting higher, in 5 years ethereum might not surpass bitcoin but it is going to become popular, just look at ico that are being created that are being posted on the forum. |
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I think you soudl defentily buy, you might not get much profit by the next fork but you will surely get some good profit by the end of the year, the thing about trading bitcoin is you can never go worng with buying it, you buy it now at a low or high price it is going to get higher no matter when you buy it, you just have to be paitent and not sell as soon as the price strats rising back again
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Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
One of the main characteristics of Bitcoin is being decentralized so why in the world people will want to criticize it for lack of regulation, Bitcoin exchanges are the one that is worth of a regulation in my own perspective because there are a lot of money involve there that this users entrusting their funds to that centralized platform and it is vulnerable anytime with hackers. People should always be responsible to their cryptocurrencies and never rely no anyone so that they holdings will be safe. So the thing is bitcoin is a cryptocurrency that was designed to be decentrelized and controlled by the poeple themselves and this is waht made it so popular, it is no suprise that goverments will eventualy regulated it or tax it , i mean poeple are earning thaousands of dollars from it and not paying taxes, but doing so, it will mean taking the core idea that makes bitcoin popular, and that is control and decentrelization. |
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It does not matter realy when to buy the bitcoin, because even if you missed your chance right now there will be another in the upcoming future, because the price is constantly changing, but buying it right now would be the wisser option since everyone is talking about the price going up in the mid november and even if the hard fork does not have a huge impact on its price, by the end of the year things will get better.
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I would like to join your signature campaign
Btctalk name: Shenzou
Rank: Sr Memeber
Current post count: 474
BTC Address: 1MtcGaHJ8nMAgG9C4evHeZf81fdC6gbhHF
Wear appropriate signature: Yes
hope i get accepted
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Username; Shenzou
Post count: 475
BTC addresss: 1MtcGaHJ8nMAgG9C4evHeZf81fdC6gbhHF
I hope u get accepted
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It is true that the poeple who have used bitcoin from the first get huge benefit from it, but they deserve it because they supported bitcoin from its early ages and gone through a lot to get to this point, they got it fair and square because they were paitent and persestiant, and honsatly you can't someone who have saved all the bitcoin they got from 2010 up until now, besides bitcoin can be benificial for the new users as well you just have to be paitent and smart, when bitcoin was down to 700$ this year the ones that took that opurtunity and bought as much as they can they have 10 times that amount now, all you have to do is wait for the right moment and keep on believing in bitcoin, and that is what matters and that is what got the early users the profit they waited a lot for.
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The differnece beteewn yahoo and google back than is that google brought somthing new to the scean and that is what made it took over the search engine field, and for bitcoin it already brought many new things to the world, and it is still doing so, and nay new currency that is coining up is just another knock off that wants to be like bitcoin but they all fail and they don't get as succefull as it is, so from here until some new technology appears there is no other coins that is going to be as succefull as the bitcoin.
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