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I read that a hard fork would occur yesterday on 24th november resulting in bitcoin diamond.It is said that total number of coins is 210 million.Bitcoin diamond coins would be given to BTC holders in the ratio of 1:10.
We already know that yobit is famous for listing shitcoins an scam coins.And now,it has become the market leader in listing the bitcoin hard forked coins.It does not even consider whether a coin is worth before listing it.
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I have read a blog somewhere else that was saying that Bitcoincash is way faster with transactions and that the fees were low. Maybe this is why people are stepping over to BCH.
Bitcoin has really problems with the transactions speed and the fees are most of the times very high. For me Bitcoincash is like a second bitcoin.
You nailed it. Bitcoin has a very severe problem when it comes to transaction speed. This problem by itself will prevent Bitcoin from ever being a real currency. No one is going to sit around an hour at the grocery store to wait for a $2 transaction to complete so they can buy their pop with Bitcoin. The other thing is that miners will mine what is profitable to them. Bitcoin cash performs sensible adjustments and this reason makes it popular with miners who can earn more money with Bitcoin Cash at least for now. All said and done, BTC is the real king and Bitcoin Cash is a court jester at this time. But if Bitcoin Cash starts getting accepted where Bitcoin is accepted and all exchanges include Bitcoin like they include ETH at this time, we are looking at a very serious competition to Bitcoin. BCH is a third of BTC's market cap. $40 billion. BCH seem to have transactions at higher speed as transaction volume is very low when compared to bitcoin.If BCH faces the same number of transactions as bitcoin has,then we would come to know about the true face of BCH.BCH is not at all accepted anywhere as a payment option and it would not be accepted too.Even bitcoin has not been yet accepted every where as payment,then its not wise for us to expect that BCH would be accepted for payment.The price rise once again seems to be an other pumping attempt for BCH. |
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Has it made you move your cashing out price higher? Has it removed the idea of cashing out completely? Are you more of a believer than ever or more nervous than ever?
i always cash out something at each step of the way when there is a rise. but i never cash out completely. that is how a low risk strategy should be in my opinion. to tell the truth this rise, specially when it is this fast, is very scary but also missing out on all the possible prices in the future is even scarier. what i do is that when there is a fast price surge i sell something to get the profit out but i try to do it on the highest price and then when the correction comes i buy back what i have sold. That's really a great idea to follow.It would definitely help avoid huge losses when price falls down. But i have decided to just hold my bitcoins despite small market dips as we have seen many times bitcoin price falling after reaching new heights and then immediately recovering and reaching ATH.So,i hope that even if price falls,it would not affect the journey of bitcoin price progressing. |
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It is said that this coin has been launched to make south asian people.especially indians working abroad to send their earnings easily.Already,i think that many are using bitcoins for that purpose.But still,majority of the population unknown about bitcoin would use this coin.Indian government is also in an idea of launching its own cryptocoin named Lakshmi.
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Well, there is strategy called Average down! If you had been using the strategy you may not have lost so much. It is not late now. Double the units you have in all these coin. Any 10 % to 20% increase in price will automatically put you in profit! Keep buying the deep and you won't lose a dime at the end of the day!
That's really a great idea to double the units.Its really a splendid idea.I haven't thought anytime in this way.If the invested coins are really worth enough to increase,then this idea would work out and if not,it would lead o total loss of the investment. |
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Some people fear about bitcoin as they see bitcoin being a digital currency working in internet.They have already seen lots of internet scams already and so they feel that some day bitcoin would also turn to be a scam.Adding fuel to the fire,no one knows actually who satoshi is who created bitcoin and whether he is alive or not.It seems suspicious.Also they see its price being very highly volatile increasing even thousand dollars in one day and falling down thousand dollars in another day.
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If it had been possible,china government would have done it much before to block bitcoin completely in its country.But it has tried to do it step by step by first banning ICOs,then implying very strict regulations against bitcoin exchanges and now trying to issue a new coin wechat.Same is the case with russia.But in china,people still trade bitcoins in countersales with people directly.
SO,bitcoin could not be completely blocked by governments.
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At first,i was shocked on reading the topic.When i checked BTC price in preev.com,i found it to have increased to $8,236.OP is just having his own calculations which could not be understood by any one and simply states bitcoin to lave lost 55% of its value.If we check,already we could find ample of posts by OP just spreading negativity against bitcoin.He might be a promoter of BCH,but poor guy could not do it any more.
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Definitely,bitcoin is reaching all parts of the world in incredible speed.Earlier,bitcoin was adopted first by tech guys since they were able to understand the marvelous technology behind bitcoin.latter,traders started to invest in bitcoin.And now today,it seems that bitcoin has started to reach all sects of the society.definitely,this would help for the quick progress of bitcoin.
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BCH would never be a bitcoin.It is just an altcoin now which was created when trying to create a clone of bitcoin.It does not have any unique features.It has not been yet accepted as payment any where.The only thing is that it is being backed and pumped by the big whale bitcoin antichrist roger ver.BCH has not yet handled high volume of transactions as bitcoin and if it does,it would surely collapse.
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Even though bitcoin could not help for progress of economy of all countries,but it has definitely helped for the progrs of economy of backward countries indirectly.It has given new ways of earning money for people even if they are from under developed countries.
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Its better for you not to use exchange wallets as it may get hacked anytime.Unless you disclose your private keys publicly,your wallets are safe.But you should be careful when downloading the wallet whether it is from the official website or it.If not,your bitcoins might be compromised.
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BTC is created by satoshi and litecoin was a fork of the bitcoin core client.LTC was created by charlie lee.LTC has zero transaction fee and its transactions are four times faster than bitcoin.Bitcoin has a total of 21 million coins while LTC has total of 84 million coins.
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Bitcoin will not suit for micro transactions.Actually,segwit was activated only to solve this issue.It was almost solved but it got collapsed due to the greediness of bitcoin miners and their mentor the bitcoin antichrist Roger ver.We could expect in future that this issue would get solved.
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There is nothing to get surprise since russia being a communist country will never welcome such inventions which give financial freedom to its citizens.They just want to have a full tight hold over their citizens.Just few days before,we saw that the dictator of russia,putin said that bitcoin is a pyramid scheme.From that time itself,its clear that russia would never legalize bitcoin.
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Definitely,the upcoming period would be the golden era for bitcoin.Bigger financial firms like CME are entering bitcoin market.Mass adoption of bitcoin is taking place every where.More countries are getting ready to legalize bitcoin.In future,more people would be using bitcoins and it would increase the demand for bitcoins.No more severe threats are found for bitcoin in the upcoming years.Amazon is also expected to soon accept bitcoin payments.If it does,it would increase the popularity of bitcoin more.
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no i don't agree with you bitcoin has a strong background and it is very popular and very profitable for all users the important thing for bitcoin is that it has much higher value than dollar which is an international currency. like all these all bitcoin is using daily in many transactions toke place through this currency. bitcoin is not a short term bubble it is a long term valuable currency which will provide many opportunities to the world.
Bitcoin is close to its technological limit. If people suddenly start making their daily payments in it, a complete collapse will occur. Dont you think about it? No.Bitcoin is not close to its technological limit.Transactions got stuck mainly due to miners switching to BCH and also lots of spam transactions sent to artificially create traffic and make thousands of transactions stuck.Otherwise,every thing was going smooth with segwit activation.Transactions got confirmed quickly even at lower prices.The artificially created traffic would soon get solved. |
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People are now almost aware that all these forks are only for the benefit of devs and they actually don't deliver anything unique.BTG is a scam.Most of its coins are premined.BCH is created by bitcoin antichrist only for his benefit.Now bitcoin diamond and even bitcoin silver yet to come.They would just come and disappear and they would have no impact over bitcoin.
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What's the best way to invest in bitcoin rather than forex and mining.
Trading has been found as the most legit and profitable way of earning bitcoins.You could buy some good altcoins and start trading.But its also risky.So,you would have to learn basics of trading to start earning.Another way is to just hold your bitcoins in your wallet itself as its price is rapidly increasing.So,your investment may even double in three months. |
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Some small group of miners and traders who had already transferred their bitcoins to segwit2x futures decided to go with segwit activation,but it once again failed.It was due to lack of block greater than 1 MB to get activated and spit in to a new chain.Even if it would had been activated,there was no hash power to confirm the transactions.So,for now,there is no more segwit 2x activation.
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