Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.
Like always you cannot use tx count as a metric to judge usage This is like using your car tachometer to judge it's speed LOL isn't that exactly what Kore has been doing with Segwit? "it's a 3.5x blocksize increase", "it will solve all the scaling issues", etc. And here they are, dead in the water. Fees dropped and the mempool cleared. Because everyone left! And don't even get me started on Lightning. What a joke. How is comparing tx numbers with percentages even remotely the same Lol we are at 8 billion + volume BTC dominance is increasing. With those low fees and empty mempool Bcash is gonna die  |
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Tough you kinda have to wonder why it is that demand for Bitcoin transactions has dropped below a third-million a day. While lower fees are attractive, the fact that this is due to lack of demand seems worrisome.
Would you ever come back to a bank or fintech that once ripped you over? There are very good averages out there for all sorts of different businesses how long it takes to get over a lost reputation event to win back lost business and you can hire expensive consultants and analysts that might speed that up a bit. Banking and finance sector takes longest... As a boy my grandfather helped me open my first savings account. For years I put money in.. One day he and I decided to go check on the money to see the balance and it was all gone. The bank had sent notice of a new fee and the fee ate 100% it. my grandfather said for the rest of my life I do not have to use the banks if I do not want to  He was both embarrassed and upset since he hoped to teach me thrift. Instead I learned a much more valuable lesson that day.. Haha glad you lost it all  |
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Good thing - you can see how decentral dev & idea competing works in real live. It's about to improve Bitcoin Cash into Smart Contracts and Colored Coins / asset pegging, but not to f_ck all up like ETH... BTC is still busy with 'txs' ... Cmon run your little BTC-LN-SW RASPISS nodes and be happy for ppl still wanna do some txs Well BTC has more then 10X the TX amount of Bcash https://bitinfocharts.com/bitcoin/' https://bitinfocharts.com/bitcoin%20cash/ |
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It's great to see the Segwit adoption increased every day. Mempool is almost empty. Bitcoin dominance almost at 40% all looking good |
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Too much good news for Bitcoin Cash are always triggering the fear of BTC or LTC bagholders. We can see it triggered very often last time, easy to count by fear posts. Its like a clownish escort for the king coming home. Luv that! Bitcoin dominance is increasing nothing to worry about . |
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I wonder why big exchanges like Bittrex, Binance etc. don't have BCH trading pair against altcoins.
Cause there is no demand for it. |
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 DAV back in the game...from 21cents to 93cents (shows 82cents there but 93 latest - prob $1 now)
Nothing manipulated at all  $1.10 now haha (maybe they are selling them on coinexchange for higher wink wink) I bought thousands at under 25cents earlier so....not bad.$1.21 now..you get the picture...won't bother updating it...will let you know when it ends $1.56 now.....still lower than coinexchange....maybe they are selling them there for more...good on Davor (I did say they should buy back their tokens- they blocked withdrawals to coinexchange so people could only sell on the internal for last few days).  Went up and down like a yo-yo $1.56 was peak now it's around half that.... To hedge your lost bit, follow the link in my sig and and invest the max U$500 in purchasing YTC at U$0.0025 each, whereupon they're extremely likely to sell well north of U$0.01/YTC once available for trading on exchanges come Feb. 22, unless, of course, a relatively quick minimum 300% ROI from a known entity doesn't hold a candle to the ROI of lending programs operated by ... what were their names again? Promote your coin in your own thread. |
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Gentlemen - enough about PRICE, let's look at FUNDAMENTALS:
BTC doesn't work and LN can't work with a broken layer underneath it.
BTC development is a dead meme,
BTC is the target of Wall St. speculators, and has now lost its Tether price pump mechanism.
BTC has only first adopter momentum, which it loses more of each day (anyone look at the mempool or the market dominance chart lately?)
BCH works and adoption is growing more each day.
BCH development is steaming ahead.
BCH has 24x the capacity of dead BTC.
New investment will almost certainly go to the alt market looking for growth.
Watch the US Congress hearings today. Surely they will move the markets.
Dude there are 1500 altcoins now Bcash is just one of them. Yea lets talk about that flippening meme or operation bla bla meme shall we ? Tether is being used to buy Bcash to. If Tether dies so does all coins what's the deal ? BTC dominance atm 36% Actually increasing the last days. Bcash 5% decreasing last days. Please show me the oh so great adoption of Bcash show me the list it must be so huge. Lets take a look at the transactions last 24 hours shall we https://bitinfocharts.com/bitcoin/ 238.781 last 24 hours. https://bitinfocharts.com/bitcoin%20cash/ 23.176 last 24 hours |
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With its big brother BTC is on a free falling state , some traders are hedging over to bitcoin cash. Surely every crypto currency except tether experience the bear season but not as dramatic as BTC.
-20 Bcash -15% Bitcoin "some traders are hedging over to Bcash" I think you mean some traders are dumping Bcash to buy Bitcoin |
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I'm in huge shock to see some people are still defending this ponzi scam there is really insane. Google is our friend so anybody can make search on current situation and what future will be of those who are still buying soon they will get rekt. Anyway I'm feeling bad for new comers who are still buying this dead coin.
Most people know that all cryptocurrencies that don't share profits in some way are total Ponzi schemes (including bitcoin). I am pretty sure the lending platform popularity from a few months back caused bitcoin to go up in price so much. Now everyone is thinking there was something wrong with the platforms (when they weren't as Ponzi as most coins) the bitcoin price has gone down to new lows. All these lending platforms were receiving millions of dollars every day in the ICOs and there were dozens of them. All the FUD has caused bitcoin to crash also. I suppose you can't blame anyone but all the complainers. Bitconnect was working fine and didn't dump any coins (it was a few hundred dollars still when it cancelled the lending). It wasn't even using its BCC reserves as they profited so much. Now all the other working platforms like Unix, Falcon, Davor, HomeBlockCoin, Exacoin etc are struggling not to go into reserves and the price is under $1 for them and inflation will just make it worse unless people stop fudding. Remember investors have tens of millions invested in these and nothing other than the complainers are making them possibly lose money. Lendconnect was still a few dollars last time I checked.
By the way, the biggest misconception I see people talking about is that they promised 1% daily returns but that was never the case. People started to expect that after the other lending platforms came out with even higher starting returns (Davor started at over 2% per day for many weeks but now is much lower... 0.08% has been the lowest).Davor is still paying out BTC within minutes despite being down to 77cents now (just withdrew now). Nobody even did any loans for their millionaire loan competition cos people were saying it was an exit scam etc. Bitcoin down to near $7k:  Oh, how we pine for the days when every time somebody made money off BitConnect, somebody else ALSO made money off BitConnect. Damn them FUDsters for it's premature demise. I'm willing to bet that them same FUDsters or their parents also contributed to the demise of BETAMAX, opening the door for the lesser product, VHS. The lending platforms work because when running smoothly everyone is willing to pay for the tokens at any price but at a certain level it will inevitably crash (maybe after being valued in the millions of dollars like some predict bitcoin to reach). If people are not buying as much due to bad press and FUD but people are selling the interest payments every day the price will have to fall, not least through inflation due to the company having to use their reserves of their coin. Davor have been quiet since the Telegram Q&A a few days ago in which they said they have no plans of closing and the coin seem to be quite stable now at 50cents. I think Davor are hoping it will get to single digits so they can buy up every coin in existence for well under a million dollars (they received $6million of BTC in the ICO when BTC was around $6k). There is nothing unsustainable about lending platforms, people just don't understand how they work. While the price goes up, they end up reducing the supply with the lending (similar to share buybacks) and can also sell some of that as profit to market the coin. When market forces (which are also at play with all coins) mean the price of the coin goes down, it probably needs to be bought back with profits to increase the price and reduce the inflation from the increased circulating supply. Bitcoin has fallen for the same reasons. More sellers than buyers and bad publicity. Many people think that whales are controlling the whole market. Bitcoin only gives profits to the exchanges and doesn't have a company behind it to hype it with the profits (lending platforms are taking these profits from users lending the coin who also profit at the same time so are not stealing from other users by dumping the coins). Bitcoin just has lots of corrupted or previously traumatised users who are then easily manipulated into believing in it (anti-government and anti-bank propaganda etc). There is nothing backing the price of bitcoin unlike fiat currency that is backed by governments. https://www.express.co.uk/finance/city/914799/bitcoin-india-cryptocurrency-finance-minister-Arun-Jaitley-Ponzi-schemeAt the end of last year, the government issued a warning that cryptocurrencies were a Ponzi scheme.  Wow -8 -3 trust u must be some kind of a scammer ! |
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https://www.youtube.com/watch?v=vX1BjDHhuVk&feature=youtu.be&t=4092Richard Heart & IvanOnTech talk Bitcoin maximalism Richard, not sure if you read here, but if you do see this...well done m8. I usually disagree with most of what you say, but this is honest,respect and your not alone. You can join us at BCH anytime m8. Enjoy the bear market just as much as the bull market, its a great time to accumulate (carefully) more for something we all know will be even bigger as time passes. Only thing i can say is your knowledge is far more valuable than your losses in fiat.  LMAO if you go back to 39:00 and listen you hear what he thinks of Rodger and Bitcoinabc ( this coin) retarded was used a lot..spoilers.. This market sux bawlz...wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee I't should be called Bcash that's right |
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https://www.youtube.com/watch?v=vX1BjDHhuVk&feature=youtu.be&t=4092Richard Heart & IvanOnTech talk Bitcoin maximalism Richard, not sure if you read here, but if you do see this...well done m8. I usually disagree with most of what you say, but this is honest,respect and your not alone. You can join us at BCH anytime m8. Enjoy the bear market just as much as the bull market, its a great time to accumulate (carefully) more for something we all know will be even bigger as time passes. Only thing i can say is your knowledge is far more valuable than your losses in fiat. SHORT IT BACK TO $300 LETS GOOOOOOOOOOOOOOO |
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Are we on the way back down to $300  That's right short it I'd buy the dip. Once market correction is done we will get back to 1.5k and more. “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” ― Warren Buffett Well you gotta wait for $300 that's gonna be the dip |
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This is because Bitcoin Cash is dependent on the success of Bitcoin for its survival as is the case for every altcoin. All the Bitcoin Cash people who have been hating on Bitcoin are partially responsible for what is happening to Bitcoin, and are now reaping the negative effects of the FUD they have been spreading against Bitcoin. We are in a bearish market, which could go on for a long time. The more Bitcoin goes down, the more Bitcoin Cash will go down and every other altcoin with it. In my opinion, when prices continue to drop with no clear indication of recovery, it's a smart move for a trader to cash out before losing his or her profits. There is a reason why traders say one should sell high and buy low: there is no guarantee prices will go back to what they were. This is not financial advice, but my personal opinion. That's ridiculous, we're the people who are trying to SAVE bitcoin! Blockstream and their troll army have been trying to force everyone onto Lightning, which is centralized and doesn't work, while artificially restricting the capacity of Bitcoin to 1MB blocks. The real "Bitcoin community", the academics, and the best devs have almost entirely moved over to Bitcoin Cash. And the chief Kore troll-dev, Maxwell, has resigned in disgrace. Meanwhile Bitcoin "fees are down" because nobody is using Bitcoin... And the Bitcoin Cash chain continues to grow, with more transactions, more merchants, and more momentum every day. If you want to continue sitting around complaining with the Kore people, be my guest. But if you're smart and willing to be humble about reality, join the BCH community and prepare to grow and profit! Look at my username, I used to be a Kore fanboi too... No you are the people trying to destroy Bitcoin but it's not working haha You are red tagged you must be a troll Bitcoin is destroying itself. Just look at the companies that are dropping it. Bitcoin is useless. And the people who say it is a "store of value" are fools. Bitcoin never has been and never will be a store of value. It's unstable. Bitcoin has lost trust and it's going DOWN. The alts will go down with it, but only temporarily, not all the way down with it. Bitcoin will go down under $3k before the end of this year probably. The alts will be fine, just a rocky road for some time. But we'll see... Bitcoin dominance is going up https://coinmarketcap.com/ take a look dude .. |
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