topics like these are very good for historical purposes. i plan on making a list of all these idiotic topics speculating bullshit during each dip. it proves how untrustworthy throwaway accounts like OP are which are created before a dip (2017-11-01) then spam lots of FUD all over the forum in a week or so (114 posts) and then disappear after their shorts were filled and bought the bottoms.

it is good for newbies to see these and learn how to ignore the bullshit speculation.

first of all, don't generalize things.
there is a huge difference between bitcoin (which has real adoption and real usage as a currency) and altcoins (which have no adoption and no usage apart from speculation).

secondly the supplies may be effective but not as much as you may think. the bitcoin supply and the way it is being distributed is a good model in my opinion.
what affects this is mostly the adoption. it is growing and at the same time market is still small. which means bigger volatility. but as you can see this is decreasing. the ups and downs are becoming smaller. 2 years ago for example we could simple see a 50%-60% drop because of a simple FUD. now the same FUD can only cause a 30% drop tops.


well, it is not always like this. and these things can not last long. and this is partly because of the community's idiocy and the fact that they care about money. if they boycotted bitcoin cash a long time ago, we never saw this issue 2 days ago.

internet connection is needed for more than half of what we do daily!
you said something about paying the bills above, if i don't have any internet i can not pay my bills with fiat either!

then use cash because in a rural area that there is no technology you can not use anything else such as your credit cards or other fiat related technologies either.

we are not living in 1800s, we are living in 2017 and technology is a part of our lives now.

bitcoin mining is always profitable for those who are doing it, otherwise they would have stopped a long time ago.
the issue with mining is always that individuals have problems with finding the latest ASIC miners at the best price so they sometimes have to buy them at higher price than someone who lives in China and has special contracts with bitmain for example.
and then there is the issue of electricity cost. the miners who you see have lots of hashrate also have contracts with electric companies for cheaper electricity. and individuals like us can not do that.

the only reason that bitcoin became slow was because it was under attack. each time it happens there are deep pockets behind the attack with miners behind the attack helping it get worse. and since bitcoin is decentralized there is nobody helping it but things like bitcoin cash which are centralized and created by the miners have their support. and since nobody even uses BCH and blocks are completely empty, nobody even cares to attack it.

as a result it gets pumped temporarily, like any other P&D altcoin and is forgotten after the dump was finished until months later they pump it again.

i am sorry you missed the chance to buy at the  dip but that is not going to happen. specially ridiculous prices such as $1300 will only happen in your dreams now or unless bitcoin is dead

there has been nothing new about this recent bitcoin drop as a matter of fact. it happens every couple of months. exactly the same way with nearly the same size.
you seriously need to check the charts before talking about "supports" and "retraces".

you think the first drop this year from $1100 to $750 (31%) was any different than this?
how about $1350 to $890 (34%)
or $2900 to $1900 (34%)
or $4800 to 3100 (35%)
now $7800 to 5500 (29%)

these percentages are not coincidence! these are the corrections, retrace, crash, bubble bursting, or whatever you want to call each and everyone of them.

bitcoin cash has always been an altcoin and will always remain an altcoin. and what happened was that it was pumped just like all the rest of the coins in its category.
if you want to call that a "big weekend for.." then you have to write an article every day in your little website about each and every altcoin because they get pumped the same way, and even much bigger in some cases and they give much more profit.

in fact if you ask me it was a big weekend for "bitcoin" instead. because it was proved that you can not manipulate bitcoin as big as before. the price is currently 8% lower than the price it started at. and we are talking about lots of FUD and dumps and bitcoin is still only 8% lower than the price when FUD started. that is huge for bitcoin...

you can't really call it "preplanned" but it was  expected. it is like all the other speculations that have happened so far. for example you speculate that because of block reward halving the price will rise in short term before the fork and in long term after the fork and it happens. but that doesn't mean it was planned to rise!

the same thing was true about the SegWit2x fork. its cancellation meant a lot of things and all of them led to bitcoin price drop and bitcoin cash price rising. and in my opinion even if it never was canceled it still could cause the same thing.

you would be a fool to believe the "war" is over. it is still going on, it is not about going your separate ways and creating the fork but instead it is all about who gets to be called "bitcoin". and the previous couple of days have proven that bitcoin cash is still trying to attack bitcoin as bad as it can.
and as long as it is causing damages to bitcoin i'd say it is far from over. and the bad news is that as long as bitcoin cash is alive these attacks will continue happening whenever they want to pump it.

there will surely be a couple more of these forks just like bitcoin cash and bitcoin gold but i don't think this way will keep happening for long. it is simply because as it was mentioned earlier it is not easy to do this. and all these forks are created by lazy idiots who can't think of any other way of making money.
you can already see how bad bitcoin gold is and how behind schedule they have been. they could have spent less time on a new altcoin from ground up instead and be more successful!

there are so many things wrong with things you said.

first bitcoin never was in a bubble for it to pop. if it were then this recent attack would have caused the price to drop to $3000 (>50%) not down to $5500 and currently at $6700 (~10%).

second, we all know that when bitcoin drops, altcoins drop with it some even harder. of course there are always exceptions like the altcoins which are in their bottom or got dumped recently or those that are getting pumped. but the general movement is what i said.


this is the heart of your problem.
the money is never leaving bitcoin. specially when bitcoin is dropping or rising.
when it is rising, everyone pulls their altcoin buy orders, sells their altcoins,... to get bitcoin and to sell BTC when the top is reached. to buy back the correction and make a lot of profit.
when it is dropping everyone pulls their altcoin buy orders, sells their altcoins to have money so that they can buy bitcoin at the bottom and make a lot of profit.

in both cases everyone wants the profit that bitcoin offers so altcoins are left and they crash.

the only time when altcoins are shining is when they are getting pumped or bitcoin is stable so nobody can make a proper profit from it so they go to altcoins.

it was funny, and these prices are mostly coincidence but also they happen because people love round numbers. they place a lot of orders at these prices. that is why breaking the $x1000 resistances are always harder.

the active market is different though. the orders that are not in orderbooks, the bots that are waiting to execute buy orders in case of a condition trigger,... they are what drove price back up above $6k plus the ever existing demand for bitcoin.

if we start calling each altcoin that gets pumped in a day or two as bitcoin then we will be calling a new altcoin bitcoin every day!
and it is not the first time an altcoin is pumped this much and it is not even in top 10 pumps! it is not even in the highest prices either! there are altcoins that are worth 10+ times more than bitcoin... but we don't call them bitcoin.


the answer is so obvious. no. you always buy before the pump or at least when the pump starts not midway or near the end. it would be coming late to a party, the cake is gone and the booze is finished now you come in and want to celebrate

never say never.
i will not buy bitcoin cash either because i have already bought it when it was low. that is how you make profit, you invest at the bottom not after price went in a bubble. then you wait for the pump to come and sell at a right time before other whales start dumping. and the inevitable crash comes. and you go back to bitcoin.

and bitcoin cash is another good source for earning bitcoin. just like ETH, DSH, LTC, XRP and lots of others. they get pumped a lot and most of them are big pumps with a lot of profit in them.

it is risky but not late. it is never late to invest in cryptocurrencies.
and it has nothing to do with age of a person, it all depends on how much one understands the market and how willing he is to spend time and endure risks to make money.
as i said it is risky, and if you are thinking about making a living it becomes even harder to make better decisions and when you are new to trading or this market in general, you will have a hard time adapting.

i really hope so. i have a large stash of bitcoin cash which i bought anticipating this pump and i would love to dump it at the highest price possible.
hopefully bitcoin stays low so that when i am converting it all to bitcoin i can get a larger amount of it before it is back up to $8000.

in any case my speculation is that BCH will continue pumping for at least a little longer, at least until it becomes hard to mine it when the difficulty adjustment kicks in.

because other altcoins are designed differently. for example in case of Dogecoin blocks are being found so much faster (1 minute) than 10 minutes on average for bitcoin.

but this faster block generation means blockchain size grows that much faster too. (10 times faster in this case). but that is only if anyone uses these coins though not if they remain useless and empty.
and that imposes lots of issues. for example as of nearly June 2017 you can no longer sycn your Ethereum wallets fully because of how huge the blockchain is and how slow the process is. according to stats websites such as ethstats.net there are only 50 nodes running and the rest are pruned clients and light weight wallets leaching of them. and that is the exact definition of centralization.

there is no strength and no advantage in bitcoin cash over bitcoin. and when you see an altcoin getting pumped just because of something in bitcoin then you have to start thinking something is very shady about that altcoin.

it is not more than 6 or 7 months that we had the same pattern! bitcoin had a big back log of unconfirmed transactions and fees were high when all the altcoins were saying "we are replacing bitcoin" or we are better, blah blah, and soon enough they all died right after bitcoin had its downtime and whales accumulated the weak hand's bitcoins.

the surest but still easiest way to find out if you have any bitcoin cash is to check your addresses balances on a block explorer that is for bitcoin cash.

i recommend this one: https://bitcoincash.blockexplorer.com/ it is easy, just paste your bitcoin addresses there to see their balances. if it is not 0 then you have some bitcoin cash.
then if it was still worth it, download one of their wallets like electron-cash for example and import your private keys there to be able to spend them.

it is best you ask in mining boards:
bitcoin (antminer related) https://bitcointalk.org/index.php?board=14.0
altcoins (GPU mining related) https://bitcointalk.org/index.php?board=160.0

first thing you need to calculate is your electricity cost. that will eat through your profit so fast. most of these videos that i have seen don't talk about it much specially about how you can calculate how much electricity will be used by a 6 GPU mining rig for example!

my plan is to buy a bunch of Graphic cards and build a rig with them (you can find more about it in the altcoin mining boards too). but am not yet sure about the electricity cost.

my preference is mining altcoins but there is also the issue with their highly volatile price which can mean a huge profit one day and lots of loss the other.

again what you still refuse to understand is that bitcoin (or any other cryptocurrency forked from bitcoin) which has a limited block size will end up exactly like this. limited block size means limited number of transactions whether it is 1 MB, 2 MB or 20 MB, it will be filled at some point and by that time the fees will grow big. there is no escaping that.

and all the while this is happening, it becomes very easy to spam attack the network. and right now most of this 100K is coming from the BCH pumpers who want to pump their coin more by creating topics like OP