Yea in a couple of hours BCH should become around 240% less profitable (I have seen it estimated at one point to be over 300%) essentially BTC miners will earn almost 3x as much as a BCH miner and all miners will most likely abandon the network again probably just for a day though until the EDA kicks in and drops it until blocks are mined at 2m intervals for a couple of days rince and repeat as long as possible until one day people have enough I am not a btc maximalist but btc will always be king. Never forget our roots! Ken The miners have a big say on which coin will be a main coin, bitcoin ot bitcoin cash. Thus, whichever coin has more value, will likely that they mine that coin for profitability. Bitcoin been around for years now, wherras Bitcoin Cash just a couple months, yet receive lots of attention. What if Bitcoin Cash was named differently, wouuld the story be the same? in order for bitcoin cash value continue rising, it needs mass adoption like bitcoin to have value. Users may even have a bigger say, agreed. |
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I truly believe the people who can rationally understand this split are vastly outnumbered by people who are unable or unwilling to broaden their perspective....
I really want to agree with you on this but if we look at the state of the world today... it looks like that people who are unable/unwilling to broaden their horizons are outnumbering the smart people.   But you do agree with me, lol, you just restated what I said!  Oh dear God, you are right! hahhahahaa... in my mind, I read "outnumber" instead of "outnumbered by"... my bad! Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. But small is the gate and narrow the road that leads to life, and only a few find it. Indeed!  I couldn't have put it better myself ;-) |
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I truly believe the people who can rationally understand this split are vastly outnumbered by people who are unable or unwilling to broaden their perspective....
I really want to agree with you on this but if we look at the state of the world today... it looks like that people who are unable/unwilling to broaden their horizons are outnumbering the smart people. But you do agree with me, lol, you just restated what I said! Oh dear God, you are right! hahhahahaa... in my mind, I read "outnumber" instead of "outnumbered by"... my bad! Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. |
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How do you get the information out to everyone when the average Joe hasn't even heard of BTC yet.
They have the money, they should hire marketing people or something. By the way, to clarify, I did not mean the average Joe six pack who doesn't know what "beertbitccoin" is... I mean, I was talking about the people who already own Bitcoin. I really think they do not understand what segwit is/will do to BTC. It took me a long while to really and actually understand it and it's HORRIBLE. Jihan and team should REALLY come out BIG time on this, promoting and EXPLAINING in SIMPLE terms what BCH means and how it is BCH which is the ACTUAL ORIGINAL BITCOIN. I'm sure if more Bitcoin owners would know and UNDERSTAND what segwit is/will do to BTC, they would ALL dump BTC and move to BCH in a New York second. That's why I'm annoyed and worried why Jihan and team do not act at all but only post crap on Twitter. Very strange. These guys know their stuff IMHO, don't worry about that. BTC owners only care about their short term investment, but I agree what's going on with that segwit thing is horrible. |
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Devs are working to release the next version of Bitcoin Cash, I think that release by release the future of Bitcoin Cash will be more and more clear. If you want to follow what they are doing, you can look here day by day: https://reviews.bitcoinabc.org/differential/query/all/Thanks for the link, I'm bagholding BCH hehe |
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The problem is that people like McAfee and Jihan and Roger, they should be promoting this BIG TIME, all over the place... but we don't see none of that at all. I have been following this thread a long while now, I really think BCH is much better than BTC at this point, from the technical point of view but will people realize this? Jihan and Roger are not doing much advertising about benefits of BCH from what I can see. You know the old saying, "Out of sight, out of mind." and this is what scares me.
They are happy to have non-believers discard their BCH because it means they can further increase their holdings. I think they understand the average Bitcoiner's psychology and have played it to their advantage. Most are incapable of comprehending how a coin with a different ticker than the traditional BTC can be viewed as the legitimate chain. This is a trivial aspect as far as the code and underlying economics are concerned but a huge psychological wedge for accumulating market share. I truly believe the people who can rationally understand this split are vastly outnumbered by people who are unable or unwilling to broaden their perspective. There are a ton of new BTC maximalists expecting each new high of btc's price to be the last opportunity to buy at a price that will eventually be considered far too low. There are some wacky ideas out there, a lot of people who want to get rich quick without much thought involved. There are a ludicrous number of people who's plan can essentially be boiled down to "I saw Bitcoin hit an all time high and a few notable people like snapchat's ceo said it could go to a million dollars so I bought one and will hold until I can retire." That's all well and good that they get involved and have a dream but the time window they put on this occurring is typically irrational and naive as far as I am concerned. Among.... other things... Great post, it sums up the phsycological aspect of trading as far as fear and greed come into play, not to mention investors, miners and traders mindset when fomo hits the market, hence the underlying economics and the irrational behaviour (not necessarily naive tho). |
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this is getting very interesting because either way you chose btc ot bch, it's a win win situation However I wouldn't hedge these two coins because it amounts to sell and buy the same asset, compared to hedging, say Etherum or XMR or whatever. It's true that BCH needs mass adoption, only time will tell how this will turn out.
Yes, BCH has to turn on the mass adaption to get get close to BTC, the price is doing good so it will attract investors but regular user, time can only tell.... BTC strength is the network it has been widely adopted, but it took a long time to do so. BCH is only beginning to be adopted, when people realize it decentralized and cheaper fees, investors and miners will follow suit I guess. The problem is that people like McAfee and Jihan and Roger, they should be promoting this BIG TIME, all over the place... but we don't see none of that at all. I have been following this thread a long while now, I really think BCH is much better than BTC at this point, from the technical point of view but will people realize this? Jihan and Roger are not doing much advertising about benefits of BCH from what I can see. You know the old saying, "Out of sight, out of mind." and this is what scares me. It is very clear and obvious that BTC is going toward centralization and "patent war" road. The government issued fiat money is much better than BTC in that case. The whole idea of electronic money is so that it is decentralized and low fees. Just like fiat normal cash, you should be able to use it without fuss and fees. This is why BCH is the real electronic money and BTC is moving away from that. But again, it does not matter if no one knows about these facts. Unless Jihan and friends start doing some heavy advertising and get the information out to people... I will be worried. EDIT: ...and by heavy advertising and promoting to get the information out to EVERYONE, I don't mean post some half cryptic tweet! They should do A LOT MORE! They have the money. Why aren't they doing it? I do not know. How do you get the information out to everyone when the average Joe hasn't even heard of BTC yet. |
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Seems like a brilliant idea. Will go on the site for alittle more details. If i like would i be able to contact you guys via telegram or even with dm
sure a little research will do no harm, fell free to contact us. |
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this is getting very interesting because either way you chose btc ot bch, it's a win win situation However I wouldn't hedge these two coins because it amounts to sell and buy the same asset, compared to hedging, say Etherum or XMR or whatever. It's true that BCH needs mass adoption, only time will tell how this will turn out.
Yes, BCH has to turn on the mass adaption to get get close to BTC, the price is doing good so it will attract investors but regular user, time can only tell.... BTC strength is the network it has been widely adopted, but it took a long time to do so. BCH is only beginning to be adopted, when people realize it decentralized and cheaper fees, investors and miners will follow suit I guess. |
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this is getting very interesting because either way you chose btc ot bch, it's a win win situation However I wouldn't hedge these two coins because it amounts to sell and buy the same asset, compared to hedging, say Etherum or XMR or whatever. It's true that BCH needs mass adoption, only time will tell how this will turn out.
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segwit activated, increase blocksize 2mb, lighting network...Look like Bitcoin is becoming more centralized, however, its value remain n increase due to mass market adoption, we dont see this with bitcoin cash, @ least not at the moment.
It could go either way really, if bitcoin cash gets more attention/traction it will change otherwise who knows! Mass adoption is key though. Let the market decide |
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Only time will tell...for now collect as much as you can of both...and some good altcoins like LTC, ETH & DASH and just hold them for years at a time... lock them up and don't even look at the values for at least a year...if it is way higher, then sell...if not, then wait another year and check the value. Doing the above can and will make you rich!  Hoarding coins will make you rich.
You just need to have patience... This is a very good advice because patience is key to success in trading and in many other aspects of our daily lives. In order to collect more BCH, I can't possibly lock them up, I'll have to trade them, buy the dips and sell the ATH. |
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you ask yourselves too many questions, as previously stated BTC will probably range in the 4ks price level for quite some time. That's all I need to know.
+/- Quite some time could be 7 days, 14, 21, 30, 40, but on that 42nd day at the such and such hour, where will it break? Down or up? Stagnation is not a good sign for an asset which has seen such a monstrous climb if you ask me. BTC valuation depends on inflows of new capital and if things get tense that is one precipitous peak on the 1, 2 year chart. Crypto investors have a tendency to adapt tunnel vision and only conceive of rises, they don't consider other sectors of investment which might present great opportunities for larger players to shuffle their capital allocations. Do they have such a biased conception of trading the market, where instead what comes up must go down, I mean just have a look at a chart (which I know you have) even a chimpanzee could hit the buttton and take profit lol |
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you ask yourselves too many questions, as previously stated BTC will probably range in the 4ks price level for quite some time. That's all I need to know.
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I predict Bitcoin Cash Token will hit 0.19000000 of The #1 Coin Bitcoin, for just a flew minute. Then Bitcoin Cash Token will fall down quickly.
Let's see what the market decides Predictions made 13 minutes after what was predicted occurred do not count.  True, but the second part of the prediction has not occured yet. |
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I predict Bitcoin Cash Token will hit 0.19000000 of The #1 Coin Bitcoin, for just a flew minute. Then Bitcoin Cash Token will fall down quickly.
Let's see what the market decides |
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BTC floored 3.6k the only reason BCH retraced IMHO
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I'm short lol retrace 0.16
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