I really feel bad for some of the later comers to BTC (e.g. South Korean and Japanese from the legalization as payment this year).
BTC is now at $5,700.00 on Bithumb!! Previously they believed Roger Ver's hype and led the way up in BCH volume and price. BTC hardly had any volume there, it serves more as a reference price, since ALT are quoted in BTC. Occasionally they pump Ripple and ETH. But now in the past few days, volume is mostly in BTC. There is real FOMO as they realize that they had the wrong crypto all along.
Am I right in thinking Japan also took the brunt of the Goxxing? Or was that just an accident of geography? Nah. The victims were almost all non japanese.
|
|
|
there must be many people on here who are very alt heavy. because of that these bitcoin all time highs must be giving you quite a hit.
are you a long way down or have things equaled themselves out? i've just done my sums and i'm way down but that'll teach me for not getting out while the going was good.
|
|
|
To mitigate the risk, it's probably best to have part of your money in Bitcoin and part in other well established coins like Ethereum for example. By keeping BTC you might win some free coins, but also loose quite a bit of money if it goes badly.
you are a crazyhead. alts are about to meet their day of reckoning. what does a $400 eth do any better than a 50c eth? alts are not a hedge. they're a bet on top of a bet. if you want to hedge then use dollars, and real ones, not usdt. regarding the original question, there won't be a fork and so there's no need to hedge.
|
|
|
Best time to convert your bitcoin to a worthy altcoin? I guess its enough crash for the alts now... time for some recovery! alts have had two or more years of absolute craziness almost without a breather. i don't see how any of them can justify any of their valuations. they've done absolutely nothing yet some have theoretical values in the billions. there's a long ass way for them to fall before enough other people will be convinced they're worth a go.
|
|
|
BCH should be worth far more. This is because the mining power backing it is way higher
the main point of bitcoin gold is that it uses a different type of mining power so that comparison's irrelevant. it's still gonna be a non event unless they pull something very special out of the bag.
|
|
|
the last couple of years have been all about alts. now it's bitcoin's turn to reassert itself.
alt holders are gonna be in for a wait, maybe certain ones won't recover at all, but they ain't disappearing. bitcoiners have had to hold for a long time. alt fans need to pick up a little of that patience too.
|
|
|
this gold fork will amount to nothing.
no one knows anything about it. it doesn't have a big backer. the goalposts are constantly moving. it's looking like junk from here.
|
|
|
it doesn't have a real world use, at all.
can you point to any coin that does? it became all about the air drops and maybe it's time to put that side of things to an end. it's better for the dev to hold back far more to fund his work and external projects. as for the rest of the coins, they should be claimable in a static manner to be picked up any time like a fork.
|
|
|
nope. the forks will prove to be worthless or won't happen at all.
you'd make far more money scooping up cheaper alts. in certain cases they're crazily undervalued compared to the past. that does of course presume they'll be worth the same again in the future and maybe each bitcoin fork guarantees that.
|
|
|
i had to wait 3-4 months to get verified and this was before alts went completely crazy.
a couple of days back i asked bittrex a support question. it was answered inside ten minutes.
alt markets are temporarily dead. they should be addressing stuff like this alot faster than in the past.
|
|
|
I really hope so... Last time it went this fast it hit a massive dump at 5k...
i think most of this rising and alt falling is people moving into bitcoin with the expectation of all these forks. it looks more and more like 2x is either not gonna happen at all, or it'll be a piece of crap no one's interested in. bitcoin gold is the latter no matter what. when both are confirmed non events then i'll guess bitcoin will fall and then have a relief rally
|
|
|
Not overstated at all.bch tried to fuck bitcoin in the ass . The market is not having it. Now bitcoin gold is fucking bch . How ironic
i think this bitcoin gold thing is being a little over egged. no one knows anything about it. it doesn't have any significant backers. the creators are nobodies. there's a ton of other forks that went nowhere too.
|
|
|
Same here. I feel bad for anyone who left BTC on Coinbase and is still months away from being able to dump their BCH. They lost out bigtime.
BCH has no use case now - what good are 8 MB blocksizes when 100 kb. is more than it needs? Other than that it is just a fossilizing relic with no segwit, no LN, no dev support, just a bunch of miners wringing the last bit of EDA-driven profit they can out of it before it is dead.
fundamentals and development don't matter. 99% of people don't give a shit about that. all they do give a shit about is whether it's gonna pump, and if it won't then they'll arrange that themselves. there's no way i'd ever put any actual money into bch. all the same its death is being overstated.
|
|
|
Being as low as the initial huge mass dumping is definitely not a good sign if it remains low tomorrow after the Koreans bank holiday ends then it's even worse since they seem to be the main users
i don't believe there was a huge initial mass dumping. i'd love to see the download stats for electron cash, but there won't have been very many people who took the trouble to pull the trigger immediately. i assume the korean markets were fed with bitmain coins. the release of custodial coins is a bigger deal as it's a known factor.
|
|
|
Right now it's very close to its all time low and this is the low from the mass dumping right after users were able to get to exchanges from the chain split
it's also a low after a few months of it being alive which has proven it's not being used for anything and it's being gamed to shit. i'd say this low is less reassuring but it also coincides with all alts dwindling to nothing. if you haven't got rid already i can't really see the point of making a move now.
|
|
|
dead and gone or a shadow of its former self. bitcoin's value doesn't really depend on its technical excellence. all it has to do is stay solid and working.
ethereum is all about bells and whistles. there'll be another system along soon that does a better and much more secure job soon with much less complexity and risk and no need to buy in to a stupidly over inflated market.
between now and then the enterprise alliance thing might happen which has nothing to do with ethereum other than providing the code, so perhaps some people will finally realise that corporate involvement also means corporate partitioning from any market.
|
|
|
anyone using bcash as a safe haven is both a fool and an asshole.
it's just another alt with a below average value proposition. at least most alts have something different about them.
it's not going anywhere. it also has a questionable future.
you know when someone's spent too long in crypto when they believe some alt is going to protect them. try real dollars instead.
|
|
|
Are we safe to short it into oblivion then?
has it occurred to you that that's exactly what the deep pockets want you to do? they're boxing the market exactly where they want it to go. i don't care what happens to it myself but much, much worse coins get ongoing attention from whales.
|
|
|
So do you know any wallet is using BCH instead of BCC ?
looks for the words 'bitcoin cash' as you're looking for a bitcoin cash wallet and quit fixating on three contentious letters.
|
|
|
whether the s2x fork happens or not is gonna decide bch's fate.
i'm far from convinced it will happen in which case alts will start heading on back up, especially this one.
we're not going to know until much closer to the time. until then it's all hands on deck, or rather jumping off it.
|
|
|
|