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If you want to gamble and make maybe 3x on the gamble, try buying small amounts of Bitcoin Cash slowly to control your risk as the price is going down and then buy fast on the rise to help the pump further. I believe another pump is on the way in a few days.
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I believe the rest of the exchanges will try to help Bitcoin Cash get traction by not opening their exchanges for BCH deposits to disallow people to dump their coins. It is also in their best interest because if a coin dies that means lesser profit for them. BCH/BTC has the potential to be a volume heavy trading pair.
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"What recourse do you have in case of paying by Bitcoin and getting scammed? "
the same recourse if you had paid with hard cash (fiat): none.
This is decentralized currency.... no "one" is in charge of it.
That is not a good argument. Do not drag fiat in the argument to get the attention away from the OP's question. The solution is of course to use escrow, although it is not trustless. |
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If the leading supporters of Bitcoin Cash like Roger Ver and Jihan Wu were really serious on competing against Bitcoin, then they should show their community that they are willing to sell all their Bitcoins in exchange for BCH. They should lead by example, not play the market.
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ShitcoinTrash is going to tank so fucking hard when they actually allow people to load them on exchanges.
Yes it will predictably happen but it will not end there. The nature of the people in the market will always buy them back at cheaper prices because there is always a chance that it will be priced more in the future. By the time BCH deposits are open the price might be high enough to make it go back down to $500 caused by the dump and then it will rise again. I may be wrong but if I am right then BCH is trading at a discount right now in some exchanges. |
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Eventually, either one of these coins (BTC or BCH) will establish itself as the market leader, and claim the top spot in the market capitalization. But it is not all bad news. Before the split, the BTC exchange rate was 1BTC = $2,800. Now the combined (1BTC + 1BCH) exchange rates are around $3,300. It is all gain for holders of BTC/BCH.
But where did all this value come from? From the altcoins? Bitcoin's price is still good right now with no signs that there is a dump. BCH is also on the rise and has been holding its value. There are only 2 reasons for this, more fiat is entering the system or traders are dumping altcoins to buy BTC to use to buy BCH. |
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I was planning to dump all my BCH but I changed my mind. I am beginning to see it as a cheaper version of Bitcoin and it might reach Bitcoin's all time highs in a year or 2. Am I crazy if I plan to buy more BCH?
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Maybe there are traders who think that BCH could reach the price of Bitcoin or more. I am looking at Bittrex right now, the volume is high and the price is almost 20% of Bitcoin.
Honestly I wanted to dump BCH right away, but it might be better to hold it for now and see how high it can go.
Yes it's a fact that the volume of traders there are vasts of transactions and people are just buying and selling it. It looks like there's something that I need to be calm for now and won't go for the dumping. Probably whales are into the league, what you think? The high volume on Bittrex says yes, there are whales trading this. If you want to make more Bitcoins then this is a good opportunity. |
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Maybe there are traders who think that BCH could reach the price of Bitcoin or more. I am looking at Bittrex right now, the volume is high and the price is almost 20% of Bitcoin.
Honestly I wanted to dump BCH right away, but it might be better to hold it for now and see how high it can go.
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Yes I do, also Bittrex is having log in issues...
I have no such issues with Bittrex. What type of errors are appearing on your screen? Between Bittrex and Kraken, there is more BCH trading in Bittrex and the price is going up a lot. |
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OP, a good situation would be if the BCH supporters begin working on their fork and start leaving Bitcoin alone. But from what we have seen with Roger Ver in the past, he will not stop criticizing the Core developers. I believe he will start using BCH as a marketing tool to compete with Bitcoin.
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What is the best wallet to get BCC automatically?
Electrum. They already made an announcement that they will be supporting Bitcoincash. They also have made a fork of the Electrum wallet called Electroncash. Hold your coins there and you can import the private keys later. Don't confuse between similar names. Electrum and ElectronCash are made by different group of developers. Electroncash is very new and there maybe many bugs in it, who knows. You may also be at the risk of losing all your coins. Simply wait for the fork and watch how others react upon this wallet, then decide if you want to import your keys there. Yes sir, my bad. Electrum does not support BCH. But the real point is if someone wants to claim his share of BCH later then it would be best to store his Bitcoins in a wallet where he controls the private key. |
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It is now August 1 in some parts of the world but there is no sign of a crash happening. Maybe altcoiners want their share of free BCH to dump in the market too and some to hold to sell later.
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OP, what everyone is doing is buying more Bitcoins. Why you think the price is trying to break new highs again? Everyone wants their share of BCH and planning on dumping it the moment they have it.
If that is what they are doing then a good plan would be to hold and wait for a better price to sell.
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What is the best wallet to get BCC automatically?
Electrum. They already made an announcement that they will be supporting Bitcoincash. They also have made a fork of the Electrum wallet called Electroncash. Hold your coins there and you can import the private keys later. |
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BCH chain will have a small hash rate? I thought the powers of Jihan Wu and some of the other Chinese miners are riding under his banner in support of the fork?
But it will be way lower than what BTC segwit will have after the split. BTC supporters can easily attack this minor chain and like OP have speculated BCC might struggle to survive from spam attacks. Why would the Bitcoin supporters attack the BCH chain if it is better for them to leave it alone and hold or sell their free BCH coins? I believe this is where game theory applies. What is more profitable for you and the everyone else, to spam and attack BCH or leave it be and let them develop on their own? |
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One question. Who is Michael Krieger and why should we listen to him? From his website I cannot help but believe that he wants validation from his thoughts and ideas. I am not saying he is a bad person or his ideas are bad. I am saying that we should not be taking someone's opinions as truth right away. |
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BCH chain will have a small hash rate? I thought the powers of Jihan Wu and some of the other Chinese miners are riding under his banner in support of the fork?
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Call it shitcoin all you want.
It properly solves scaling problems without the addition of bankster incentivised code.
People will realise soon enough BCC will never be this cheap again and sell their BTC for BCC.
I missed this post. Now I know why you are always bearish when it comes to Bitcoin. You are one of them big blocker supporters of Gavin Andersen, Roger Ver and the Chinese mining group. Good luck to you and BCH kwukduck, I really mean it. It is time to go our separate ways. |
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OP, if you only have a small amount of Bitcoins in Blockchain.info, I suggest you make a Kraken account and send them there. Kraken has expressed that they will be accepting and listing Bitcoincash in their exchange and would give all their users the BCH that is due to them.
Currently have 2.26BTC... is it too late to switch? That is more than $5000 there. I will not and cannot advice you what to do with that much money on the line. I thought you had only something under $1000 in Bitcoins. Maybe it would be safer to store them in a wallet with the private keys you control. |
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