Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1464
Clueless!
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November 12, 2017, 05:50:53 AM |
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my take on BTC dropping in price and hype vs BCH
results:
1) pump and dump....by bitmain Jihan Wu and others drive BCH up to the moon....rake off the $$$ and go into alts or back to BTC with massive pump/dump profits
2) actual control of BTC and BCH becomes the TRUE Bitcoin...miners win/big blockers win and bitcoin core is no more..back before seg witness a complete re-do run by miners
3) split into 2 flavors of BTC flavor A: BTC which acts as store of value coin. flavor B: BCH which acts like a currency
with the result of diluting the brand name and the above combined will be worth no more than $3,000 total...rest has fled to fiat/alts/gold/other
4) consensus: BCH and BTC will get together for a scaling solution and other stuff of a shared power arrangement
I think the most likely outcome is
3) split into 2 flavors
what (3) means to me is.....some other ALT will become the next store of value and btc will just be another alt
the surity of btc being a solid store of value will go away.. reflected in price on both flavors....such store of value will got to other alts
hard to know..but likley a sketchy bet on such...with everyone trying to say we are a store of value.....doubt it wil be believed
thus that resource for crypto has gone poof, for a bit of time at least, till it regroups into another alt (which will be damn hard to choose)
anyway...not sure you can have more than 60% price rise in coin worth in 2 days...someone is cooking the books in their favor on all this
I think it is a play to take over BTC..I also think the play will fail........but if too much damage some other alt will take over BTC's store for value functions and pehaps
have MORE use as a currency as a side retult
looking kinda dire
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yefi
Legendary
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Activity: 2842
Merit: 1511
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November 12, 2017, 05:54:11 AM |
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Looks like institutional investors are going to get cheap BTC. Go figure.
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1464
Clueless!
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November 12, 2017, 05:56:46 AM |
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Looks like institutional investors are going to get cheap BTC. Go figure.
I did nothing with BCH from my BTC...just holding and watching which way the 'mop flops' imho, value of both chains will be 1/2 of the 7.5k or so BTC was, before this cluster due to 'brand name' dilution and muddy of the waters of BTC core as the prefered store of value coin will be a mess imho
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somac.
Legendary
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Activity: 2058
Merit: 1196
Never selling
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November 12, 2017, 06:00:26 AM |
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Looks like institutional investors are going to get cheap BTC. Go figure.
This is what Ver and Co don't understand. They are going to lose their power, like the amateurs they are. The pros are going to clean up, like usual. Difficulty adjustment in under 16 hours, good luck to them.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 12, 2017, 06:06:10 AM |
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Satoshi definitely did not intend for anyone to run a centralized attack on his vision of a decentralized financial system.
While I think you are likely correct about this, we seem to see different implementations as the one being thusly corrupted.
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DaRude
Legendary
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Activity: 2794
Merit: 1820
In order to dump coins one must have coins
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November 12, 2017, 06:06:35 AM |
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Looks like institutional investors are going to get cheap BTC. Go figure.
This is what Ver and Co don't understand. They are going to lose their power, like the amateurs they are. The pros are going to clean up, like usual. Difficulty adjustment in under 16 hours, good luck to them. The part that you don't understand that Ver is a very very wealthy man. At this point it's not about money but rather power. He was being squeezed out of BTC so he's been trying to clamp on to power any way he can, and this is his last all or nothing battle. Worst case he still walks away multi millionaire
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Kuriso
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November 12, 2017, 06:17:19 AM |
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Imagine if Satoshi comes out, dump all his Bcash to tell the world BTC is the real coins If only. Or the Winklevoss twins. They own 1% of bitcoin. They could crash the btrash. Anyone got their phone number handy?
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promomei
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November 12, 2017, 06:18:34 AM |
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Is it over of giant ?
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Rosewater Foundation
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November 12, 2017, 06:19:54 AM |
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bitcoin isn't a joke. i swear
SFYL, kid. this might be the worst day of my life. how can people be so destructive?
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arklan
Legendary
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Activity: 1778
Merit: 1008
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November 12, 2017, 06:24:48 AM |
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bitcoin isn't a joke. i swear
SFYL, kid. this might be the worst day of my life. how can people be so destructive? you still have your home, your regular job, your health, right? i mean no joke here (i have like .0005 btc...) it isn't that bad.
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Heater
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November 12, 2017, 06:27:49 AM |
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Imagine if Satoshi comes out, dump all his Bcash to tell the world BTC is the real coins Or we could just get Donald Trump to tweet that the Bitcoin Cash leaders are short and fat.
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DaRude
Legendary
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Activity: 2794
Merit: 1820
In order to dump coins one must have coins
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November 12, 2017, 06:29:06 AM |
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Imagine if Satoshi comes out, dump all his Bcash to tell the world BTC is the real coins Or we could just get Donald Trump to tweet that the Bitcoin Cash leaders are short and fat. I'm not so sure about Trumps credibility, he might be causing inverse effect on this one
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BTCMILLIONAIRE
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November 12, 2017, 06:29:26 AM |
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Imagine if Satoshi comes out, dump all his Bcash to tell the world BTC is the real coins Or we could just get Donald Trump to tweet that the Bitcoin Cash leaders are short and fat. Don't forget the small hands, one of them is Chinese after all.
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niners
Newbie
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Activity: 19
Merit: 0
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November 12, 2017, 06:33:45 AM |
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BCH price in BTC at the moment: Coinmarketcap.com 0.38 Coincap.io 0.33
Which is more accurate?
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oblox
Legendary
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Activity: 1442
Merit: 1018
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November 12, 2017, 06:38:12 AM |
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BCH price in BTC at the moment: Coinmarketcap.com 0.38 Coincap.io 0.33
Which is more accurate?
Close to 0.42 on Trex
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yefi
Legendary
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Activity: 2842
Merit: 1511
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November 12, 2017, 06:42:59 AM |
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3000BTC buy wall on Polo for BCH... * yefi waves at Ver
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Kuriso
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November 12, 2017, 06:44:42 AM |
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this is getting nuts now.
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free-bit.co.in
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November 12, 2017, 06:47:46 AM |
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this is getting nuts now.
BitcoinCash is $2448, but for how long till it crashes? 24 hour change is 150%..
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DaRude
Legendary
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Activity: 2794
Merit: 1820
In order to dump coins one must have coins
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November 12, 2017, 06:48:18 AM |
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It's starting to go full retard now
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Punisher1314
Member
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Activity: 63
Merit: 10
Smaller fishes can be younger but also smart ;p
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November 12, 2017, 06:51:00 AM |
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Fuuuuck my trailing stop on finex did not work well, sold all the shit at 0,39 while i could sell at 0,49..
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