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Just like heroin or crack cocaine, it creates an addiction.
Same as was gambling
Many in here seem to have been caught up in it, spending far too much of their money on something. Partially to get the dopamine rush of buying more coin, and partially to satisfy their gambling lust hoping to score big.
It is no different than the people gambling their savings away on the roulette. Right now we are at the point where they have entered the casino and have been lucky, so they are up more money than they came. But instead of quitting while they are ahead they genuinely believe that their luck continues.
In the end it ends bad.
Thing is, we need currency, we use currency everyday. We don't need painkillers every day, and we don't use painkillers every day. That is the difference. It is something that matters. On a side note, the government takes about 90% of my work in taxes. You understand how big intrusion into my life that is? Crypto is here, and it can make a great change. |
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My opinion is that bitcoin cash is a temporary phenomenon. I do not believe that this is a promising coin. Perhaps the miners will use this coin for speculation and pressure on bitcoin but in this game they set the rules and I doubt that you will have a chance to win. You can't sit at a card table with gamblers. Be careful with these altcoins.
Be careful about the hijacked coin (bitcoin). Segwit enables side chains, and their goal is to implement something like banks (lightning network) and they will push you off the BTC blockchain. Sidechains are the governments DREAM. Something which can be controlled, and tracked. Blockstream recently said in their investor letter that Sidechains will implement KYC/AML and no longer allow semi-anonymity that Bitcoin used to give. KYC/AML means taxes — and full control over every transaction and who is who. A libertarian’s nightmare. So, BTC is going to shit. You better grab som bitcoin cash. |
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The Bitcoin followers keep saying the Bitcoin is a new currency.
If that is the case then by definition it is fiat.
When it is fiat, then we will see inflation and breaking the 21million limit.
They say a currency is 'backed' by something. This is just to say that they cannot print unlimited amount of currency. If it is not backed, it is called fiat, because it has no limit to how much it can be print. Crypto is not backed by much, but on the other hand, it cannot be printed at will, so it is not fiat. |
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Very sure nothing can destory Bitcoin, that's all
No need. It was hijacked and you did not even notice. Centralized banking is on the schedule now with the lightning network side chains. Sidechains are the governments DREAM. Something which can be controlled, and tracked. Blockstream recently said in their investor letter that Sidechains will implement KYC/AML and no longer allow semi-anonymity that Bitcoin used to give. KYC/AML means taxes — and full control over every transaction and who is who. A libertarian’s nightmare. |
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Future of bitcoin is Lightning network side chain banking.
Sidechains are the governments DREAM. Something which can be controlled, and tracked. Blockstream recently said in their investor letter that Sidechains will implement KYC/AML and no longer allow semi-anonymity that Bitcoin used to give. KYC/AML means taxes — and full control over every transaction and who is who. A libertarian’s nightmare.
Get ready for $100 transaction fees.
There is a method to getting you off the blockchain and into side chains.
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Bitcoin is changing the way we live. Bitcoin is changing the way we do business. Bitcoin is changing the way we travel and save our money/assets. Bitcoin and blockchain technology has open new doors for people to do business with one another without the intervention of third parties. What do you make of this, huh? Share with us what you think. thanks  Yeah, it was really cool back in the days before segwit and Lightning network, side-chain banking. Sidechains are the governments DREAM. Something which can be controlled, and tracked. Blockstream recently said in their investor letter that Sidechains will implement KYC/AML and no longer allow semi-anonymity that Bitcoin used to give. KYC/AML means taxes — and full control over every transaction and who is who. A libertarian’s nightmare. So, bitcoin did change the world, and now bitcoin changed and we are on our way back to the traditional banking again. Worst thing, many here are cheering on this. |
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The end is already within sight. It is called 'Lightning network'. It removes you from the blockchain, and enables banks to be run on the blockchain instead.
So it is back to centralization and potentially bank-holidays, bailins and such.
But you will have fast transactions.. so chin up. |
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The end is already within sight. It is called 'Lightning network'. It removes you from the blockchain, and enables banks to be run on the blockchain instead.
So it is back to centralization and potentially bank-holidays, bailins and such.
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It is becoming an obsolete technology due to the infiltration of the core developers and steering BTC in the wrong direction.
They want to make banks that settle on the BTC blockchain, but you will not see anything of it. You will have a classic account and people in the power to part you from your money.
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Right now, BTC is becoming a stale failure. If you shove in more people to use it, we will see $50 transaction fees.
It would be like a backwards commercial. 'Stay away from bitcoin, it is the most expensive way to transact money for the everyday people'.
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bitcoin is mother of cryptocurrency and so powerful too impossible to replaced bitcoin,, i know nothing imposible but altcoin replaced bitcoin?  but lets see years from now,, who knows You have no clue. Bitcoin is very very close to a collapse. As we saw the other day, when half the miners leave segwit1x (btc), bitcoin comes close to a halt. We saw $100 transaction fees. If there will be a fork (segwit2x) tomorrow, both segwit1x and segwit2x will have too little mining power and could collapse. |
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To be exact, the answer is:
Blockstream.
It is a company which is controlling the majority of the bitcoin "core" developers.
They managed to hijack BTC and move it towards total centralization, with the lightning network.
It will be the end of the peoples project. Do your homework.
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Don't know don't care, there is only one coin that I truly care about and are eager to learn everything about it's development, that's Bitcoin with Core.
Bitcoin is open source software, risky as it is, when you try to diverge from it, you'll end up with lives ruined and money gone. if you want to diverge
You are on a dangerous path. The so called bitcoin core has majority of developers from the company BlockStream, backed by insurance giant AXA. It is no longer the peoples project, but a project of the industry (banking industry). Their plan (with lightning network) is to remove you from the blockchain, and make you use banks that will settle on the blockchain. You are basically cheering the end of freedom and decentralization. |
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Thank you for your advice, although I already thought bitcoin will get back on track, now you made me even more convinced.
Yeah, lets ignore stuff like this: https://bitinfocharts.com/comparison/bitcoin-transactionfees.htmlEven though the coin (technology) is crap, who cares... It is all about having the right brand, like Nike shoes. |
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It's scammy because they are trying so hard to convince newcomers to buy into it as either the original Bitcoin, or the inevitable replacement of BTC, whereas in truth, it's a forked copy of bitcoin, with an entirely different team.
This is even worse with SegwitBitcoin. They are trying so hard to convince everyone that it is the original Bitcoin, yet, the team behind it has nothing to do with the original bitcoin, and they have made much greater changes to the protocol (than BCH). And what segwit will lead to is Lightning Network. Lightning network will allow centralized hubs (banks) to make accounts and transactions for you, and the banks will settle on the blockchain. So in essence, everyone will be robbed of the blockchain, because it will be for banks. Your account will then be controlled, regulated and censored. Goodby freedom and decentralization. And some people have the audacity to call this the original bitcoin. Its preposterous. |
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yawn
people only screaming about the price
Some people actually want to use it for stuff. That's why it becomes a serious problem when it's too expensive to transact. BCH will never have this problem because no one uses it for anything.  When you look at BCH communities they honestly have no endgame. They are against a coin being a store of value and just rant about "superior tech". The fact is that there are far superior coins out there to both currencies. The only thing going for Bitcoin is that it's an accepted store of value, it was the coin that started it all and a reserve currency, the only thing going for BCH is that it's a fork of something valuable with a similar name. Neither coin are remarkable compared to newer coins they are both inferior. If they destroy BTC, (which make no mistake, this is what they're aiming for, check their Reddit) it won't be their coin that claims the throne, at least not for more than a week. They would destroy their own coin, they would destroy the concept of a "digital gold" store of value, and they would probably kill the whole market if that safety net is gone. Everything will look like tulipmania, twats like Jamie Dimon and Peter Schiff would be proven right and these plotters would go right back to being insignificant nerds, rather than nerds who got lucky. The whole purpose of Segwit1x(BTC) is to stall the development, increase the transaction fees, and force people into centralized banks on the blockchain (lightningNetwork), which will do transactions off the blockchain. If you like the decentralized bitcoin project, you should stop all support for the hijacked coin. The only hijacking is going on from Ver and cronies with their manipulation. Bitcoin Cash will never be accepted as Bitcoin, not by our community or by outsiders looking in. The only thing they would do if they could pull a flip off (which they can't because it's less popular than cancer) is trash the concept of a store of value. I could name a dozen coins, even coins derided as shitcoins that are "better tech" right now than both coins. There's only one Bitcoin and you ain't it. So you don't care that the BTC will become off limits to the users, and will only be for banks (centralized off chain hubs)? You do realize this is where it is heading with segwit and lightning network? Again I disagree with your leading question, but the point I've made which you people don't seem to grasp or respond to is that you ain't Bitcoin, only Bitcoin is Bitcoin. And how centralized is it to have megalomaniac Roger Ver decide he wants BCH to be Bitcoin, even though no-one will accept it? I can give you 1 Xios right now for 1 BCH, it's a fair trade as Xios is faster and less centralized, you can even run a masternode if you have 1000, such awesome. We can call it Bitcoin Xios, get a few very rich people on board and we can fill our pockets. We'll be rich. This is madness. With lightning network you can kiss the blockchain goodby. It won't be for you anymore. You will do transactions via banks that settle on the blockchain. Your account can then be controlled, regulated and censored. It is 100% goodby to decentralization and freedom. You can be shut down at any moment. BCH is nothing of it. The blockchain is still there for us to use. |
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Why do you compare it with crap, when there are decentralized coins much better than both BTC and fiat banks.
Yes, it might be $10 or $20 bucks today, but do you think it will just stop here?
Could be $100 within a year or two.
No problems.. lets just look the other way and sing cumbabitcoin.
Some made their argument on facts - which you called "crap". You Sir made you point on "could be". "Could be $100 within a year or two."Stop spreading the fear on nonsensical !![/quote] Crap is crap. If there is a way to send money for $0.05, it is a crappy deal to pay $20, don't you agree? It's ridicules to think that I'm going to waste 20 bucks, just to have the "right" brand when I send the money. My replay was to the graph that showed how btc has always kept going. Well, then I do the same.. I extrapolate the current graph and say this is how it always will be. In this case, we will see $100 transaction fee within 3 months. |
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Enough of the " Transaction fee" already: Do you realize that on the fiat currency could charge up to 10% for transactions fee ? Up to 5 days to make the money transaction ? And the government takes note of how much money you have transferred ? And they have your name and your address in case they would like to come to see you to tell you that they decide to keep your money ? Urrrrg ! Why do we waste our time with this nonsense !! Why do you compare it with crap, when there are decentralized coins much better than both BTC and fiat banks. Yes, it might be $10 or $20 bucks today, but do you think it will just stop here? Could be $100 within a year or two. No problems.. lets just look the other way and sing cumbabitcoin. |
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yawn
people only screaming about the price
Some people actually want to use it for stuff. That's why it becomes a serious problem when it's too expensive to transact. BCH will never have this problem because no one uses it for anything. When you look at BCH communities they honestly have no endgame. They are against a coin being a store of value and just rant about "superior tech". The fact is that there are far superior coins out there to both currencies. The only thing going for Bitcoin is that it's an accepted store of value, it was the coin that started it all and a reserve currency, the only thing going for BCH is that it's a fork of something valuable with a similar name. Neither coin are remarkable compared to newer coins they are both inferior. If they destroy BTC, (which make no mistake, this is what they're aiming for, check their Reddit) it won't be their coin that claims the throne, at least not for more than a week. They would destroy their own coin, they would destroy the concept of a "digital gold" store of value, and they would probably kill the whole market if that safety net is gone. Everything will look like tulipmania, twats like Jamie Dimon and Peter Schiff would be proven right and these plotters would go right back to being insignificant nerds, rather than nerds who got lucky. The whole purpose of Segwit1x(BTC) is to stall the development, increase the transaction fees, and force people into centralized banks on the blockchain (lightningNetwork), which will do transactions off the blockchain. If you like the decentralized bitcoin project, you should stop all support for the hijacked coin. The only hijacking is going on from Ver and cronies with their manipulation. Bitcoin Cash will never be accepted as Bitcoin, not by our community or by outsiders looking in. The only thing they would do if they could pull a flip off (which they can't because it's less popular than cancer) is trash the concept of a store of value. I could name a dozen coins, even coins derided as shitcoins that are "better tech" right now than both coins. There's only one Bitcoin and you ain't it. So you don't care that the BTC will become off limits to the users, and will only be for banks (centralized off chain hubs)? You do realize this is where it is heading with segwit and lightning network? |
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Let's narrow down the OP worrisome: Which part of of the plot below do you worry of ?  Everyone got $20 extra for every transaction fee, so lets ignore that problem. Look over here.. I have this historical graph showing BTC price going up up up. /sarcasm |
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