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mike4001
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November 11, 2017, 12:20:06 PM |
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I admit it. I am kind of worried because all this money flowing into Bitcoin Cash.
Miners switch over to the BCH chain to make more money, BTC mempool increases and Bitcoin falls and falls ...
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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sirazimuth
Legendary
 Offline
Activity: 3332
Merit: 3474
born once atheist
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November 11, 2017, 12:21:13 PM |
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that bear at the picnic table is having an
epic "told you so" moment......
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Rosewater Foundation
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November 11, 2017, 12:23:12 PM |
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I admit it. I am kind of worried because all this money flowing into Bitcoin Cash.
Miners switch over to the BCH chain to make more money, BTC mempool increases and Bitcoin falls and falls ...
bch is fundamentally broken at the protocol level. its a week from a fork. good luck to em |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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November 11, 2017, 12:23:40 PM |
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I think this is just a bit of a FUD phase. I feel sort of safe knowing that people are panicking even though the price has only dropped from 7300 to 6400
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AlcoHoDL
Legendary
Offline
Activity: 2352
Merit: 4110
Addicted to HoDLing!
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November 11, 2017, 12:28:58 PM |
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Just woke up to see that the Euro-land ATH was broken last night, and has now become 3870 €/BTC. And it looks like it's going to be broken again very soon!
I'm reading all the posts about how BCH is dead, etc. Well, it may be so, but I've decided to hold it for a while longer and see how things play out. My way of thinking is this:
If I sell my BCH for BTC:
- My BTC holdings increase by around 12% (with current prices) = Insignificant gain.
- If BTC plummets and BCH gets a major boost = Significant loss.
If I keep my BCH:
- My BTC holdings stay the same = No gain.
- If BTC plummets and BCH gets a major boost = Significant gain and insurance against the unexpected.
So, HoDLing my BCH allows me to sleep peacefully at night, knowing I'm safe whatever happens. As much as I dislike Jihan Wu, Roger Ver, and all the rest of them, I don't want to underestimate their power. Better safe than sorry.
I guess I should have taken my own advice...  |
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sirazimuth
Legendary
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Activity: 3332
Merit: 3474
born once atheist
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November 11, 2017, 12:29:48 PM |
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I've had enough of these playground squabbles...
I'm switching to Litecoin, dammit!!!
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yefi
Legendary
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Activity: 2842
Merit: 1510
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November 11, 2017, 12:30:01 PM |
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I admit it. I am kind of worried because all this money flowing into Bitcoin Cash. Just like folk were worried about Eth and about Ripple, and bought into those huge pumps only to discover that they'd been made legendary bagholders. |
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1982dre
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November 11, 2017, 12:34:10 PM |
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I admit it. I am kind of worried because all this money flowing into Bitcoin Cash. Just like folk were worried about Eth and about Ripple, and bought into those huge pumps only to discover that they'd been made legendary bagholders. They all in BCH for the fork. After that all the money is pumped back in BTC. |
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d_eddie
Legendary
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Activity: 2464
Merit: 2883
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November 11, 2017, 12:34:55 PM |
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I think this is just a bit of a FUD phase. I feel sort of safe knowing that people are panicking even though the price has only dropped from 7300 to 6400
This. As Rosewater Foundation said, BCH is approaching a fork. It is broken at the protocol level: without a malleability fix, second and third layer solutions are very hard (near impossible) to implement soundly. Of course, the fees are lower, hur hur. With larger blocks and low usage, they must. Besides, BCH never suffered a single spam attack. But medium term? The only practical use of BCH, apart from trading, is buying Chinese mining equipment. What kind of future can such an altcoin have? They can pump and dump all they want, I still have an optimistic view of the near future. |
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ft73
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November 11, 2017, 12:35:01 PM |
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Lopumbo
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November 11, 2017, 12:36:04 PM |
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Kraken BTC trading at 5212€ @ ~6100$
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sirazimuth
Legendary
Offline
Activity: 3332
Merit: 3474
born once atheist
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November 11, 2017, 12:38:28 PM |
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Bitcoin used for "unlawful purposes" ?? Say it ain't so!! |
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JoCrook
Newbie
Offline
Activity: 28
Merit: 0
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November 11, 2017, 12:41:42 PM |
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every day there is a new drama.. don't worry too much guys, there is only one bitcoin.
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sirazimuth
Legendary
Offline
Activity: 3332
Merit: 3474
born once atheist
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November 11, 2017, 12:43:22 PM |
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every day there is a new drama.. don't worry too much guys, there is only one bitcoin.
And a gazillion clones..... |
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LewisPirenne
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November 11, 2017, 12:45:23 PM
Last edit: November 11, 2017, 02:06:17 PM by LewisPirenne |
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People are spamming the mempool with 1300 satoshi/byte tx, i.e. paying 3~5 mbtc per 225 byte standard tx, and most go to fee with only dust remaining, to lock up the tx in mempool during this BCH pump. But BTC+BCH is actually getting lower and lower in total, meaning someone is killing that golden goose that had just kept on giving so far.
Maybe the cartel will do a flippening of ETH by BCH just for lolz. But if some insiders can flippen BCH vs ETH in marketcap just like this, then it's actually really bearish for the entire crypto world. Because imagine what would happen when the real professional pumpers, i.e. Wall Street banksters, come on the scene.
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thetyper
Member
Offline
Activity: 97
Merit: 10
In BTCtalk since 2016
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November 11, 2017, 12:46:04 PM |
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How many more days do you think BCH is keeping the peak??
Today 11/11/2017: 37.53% in 7 days, $1124.
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bitcoinPsycho
Legendary
Offline
Activity: 2450
Merit: 2048
$120000 in 2024 Confirmed
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November 11, 2017, 12:53:29 PM |
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this is bollocks anyone who bought BTC after the bch fork will be so disillusioned . I sold mine at .2 so I'm pissed to lol
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CristiTCM
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November 11, 2017, 01:10:33 PM |
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good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop  |
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fabiorem
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November 11, 2017, 01:15:21 PM |
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fees are running at around $5
Last time I paid 170k satoshis to send 0.17 to Bittrex. Bitcoin's value at the time was around $7k, hence the fees were around $12, not $5. |
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Ludwig Von
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November 11, 2017, 01:16:27 PM |
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good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop I told you so  But I will wait a little longer, untill the situation with Btrash is more clear. (We ain 't seen nothing yet IMHO) |
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