becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
November 13, 2017, 11:06:51 PM |
|
So... Time to mine a block is spiking again... Did core or anybody come with a solution or this time we are iced for good? Anybody knows? Solution for what? My understanding is that they reduced the difficulty again forking today on BCH and probably they will keep doing it... So profitability for BTC will remain down indefinitely, leading us back to >24h for a transaction - but this time we have no real hope for the situation to improve https://www.bitcoinabc.org/novemberor did I miss something? They might fork their altcash everyday to reduce the difficulty. That doesn't matter. Only thing that matters is how many bitcoins do they have to sell and pay miners that mine altcash. The higher is altcash price the faster they bleed bitcoins. Just sit back and relax and watch how they commit suicide.
|
|
|
|
itod
Legendary
Offline
Activity: 1974
Merit: 1077
^ Will code for Bitcoins
|
|
November 13, 2017, 11:06:57 PM |
|
So... Time to mine a block is spiking again... Did core or anybody come with a solution or this time we are iced for good? Anybody knows? Solution for what? My understanding is that they reduced the difficulty again forking today on BCH and probably they will keep doing it... So profitability for BTC will remain down indefinitely, leading us back to >24h for a transaction - but this time we have no real hope for the situation to improve https://www.bitcoinabc.org/novemberor did I miss something? Yes you are: Miners have already eaten through insanely high transaction fees, now are those < 50 s/B in order to be processed and in a few days we should be back to normal fees teritory.
|
|
|
|
conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
|
|
November 13, 2017, 11:07:25 PM |
|
Any thoughts on how high the next BCH rally will go? I'm thinking we might hit 0.8 temporarily, and then crash. I don't think we'll spike above 1.0 on the next wave. At this stage, I think anything over 0.4 is a good place to take profits.
|
|
|
|
ragnar0k
|
|
November 13, 2017, 11:13:29 PM |
|
No supersonic spikes in "blocks found per hour". [/quote] ...Yet They might fork their altcash everyday to reduce the difficulty. That doesn't matter. Only thing that matters is how many bitcoins do they have to sell and pay miners that mine altcash. The higher is altcash price the faster they bleed bitcoins. Just sit back and relax and watch how they commit suicide.
Good point! The problem I see here is that they are fueled by BTC 'leaks', so we can possibly pay their miners indefinitely with enough weak hands on our side Miners have already eaten through insanely high transaction fees, now are those < 50 s/B in order to be processed and in a few days we should be back to normal fees teritory.
The question I guess is... what happens when BCH is profitable again (soon)
|
|
|
|
ragnar0k
|
|
November 13, 2017, 11:16:13 PM |
|
Any thoughts on how high the next BCH rally will go? I'm thinking we might hit 0.8 temporarily, and then crash. I don't think we'll spike above 1.0 on the next wave. At this stage, I think anything over 0.4 is a good place to take profits.
Just as an addendum to your work of art, I permit myself to note also the middle finger formation given by the initial bump in the chart.
|
|
|
|
Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
|
|
November 13, 2017, 11:17:23 PM |
|
The question I guess is... what happens when BCH is profitable again (soon) Miners switch back over obviously. The real question is what we wanna do about it, if anything.
|
|
|
|
itod
Legendary
Offline
Activity: 1974
Merit: 1077
^ Will code for Bitcoins
|
|
November 13, 2017, 11:17:40 PM |
|
The question I guess is... what happens when BCH is profitable again (soon)
It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.
|
|
|
|
Arriemoller
Legendary
Offline
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
|
|
November 13, 2017, 11:18:16 PM |
|
good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop JJ will be proud of you... That is exactly what you supposed to be doing.... And were the hell have you been during this shit storm? You alone could have worn all the BCH shillers down with you never ending walls of text.
|
|
|
|
ragnar0k
|
|
November 13, 2017, 11:25:23 PM |
|
The question I guess is... what happens when BCH is profitable again (soon) Miners switch back over obviously. The real question is what we wanna do about it, if anything. Would have been awesome to hear from some core dev, but so far total silence... This is not going to look great in a possible ETF prospect It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.
The more BCH raises, the less people will sell I am afraid. That is unless big holders sell their stash but I have seen a lot of fence sitting lately
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
November 13, 2017, 11:26:52 PM |
|
Good point! The problem I see here is that they are fueled by BTC 'leaks', so we can possibly pay their miners indefinitely with enough weak hands on our side
Nobody in their right mind will invest in altcash shitcoin that is forked every other day. People that buy it are speculators trying to play pump and dumps. They'll be the first to abandon the sinking ship at the first sign that Ver and Wu run out of bitcoins. Slower bitcoin blocks = less bitcoins to sell. Everything is self-regulating and the final outcome will be altcash fiasco.
|
|
|
|
qwk
Donator
Legendary
Offline
Activity: 3542
Merit: 3413
Shitcoin Minimalist
|
|
November 13, 2017, 11:27:10 PM |
|
Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out. If you don't have inside information, you're at a significant disadvantage when trading.
I take that as a public confession of insider trading. I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world? If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.
|
|
|
|
Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
|
|
November 13, 2017, 11:31:23 PM |
|
|
|
|
|
itod
Legendary
Offline
Activity: 1974
Merit: 1077
^ Will code for Bitcoins
|
|
November 13, 2017, 11:31:58 PM |
|
It's easy to guess - miners switching to it that very second. The only defense against this cancer is not letting it be profitable by dumping every possible BCH back to the bagholders. They can't have enough BTC to defend BCH forever, they have to mine BTC if they want to protect their coin.
The more BCH raises, the less people will sell I am afraid. That is unless big holders sell their stash but I have seen a lot of fence sitting lately You are wrong about this, it's not necessary that big holders sell their stash to crash them, it's enough that they are left with not enough BTC to defend the current high price of BCH that they have to mine BTC. That's the curse of their position. This is not going to be the game where few big moves decide the outcome, this will be a game of who can endure longer.
|
|
|
|
Hyperjacked
Legendary
Offline
Activity: 1610
Merit: 1119
It's all mathematics...!
|
|
November 13, 2017, 11:32:55 PM |
|
Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out. If you don't have inside information, you're at a significant disadvantage when trading.
I take that as a public confession of insider trading. I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world? If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks. Really...? We are all crooks because of what one person posted...
|
|
|
|
Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
|
|
November 13, 2017, 11:33:33 PM |
|
Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out. If you don't have inside information, you're at a significant disadvantage when trading.
I take that as a public confession of insider trading. I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world? If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks. You mean the CEO of Bitcoin Cash -- Rick Falkvinge -- isn't allowed to trade bitcoin? Wow, you guys are losing it.
|
|
|
|
Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
|
|
November 13, 2017, 11:35:31 PM |
|
Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out. If you don't have inside information, you're at a significant disadvantage when trading.
I take that as a public confession of insider trading. I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world? If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks. lool. dude you're sporting a bitcoin foundation link and moniker. these crooks learned their trade from you crooks.
|
|
|
|
BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
|
|
November 13, 2017, 11:36:14 PM |
|
Oh mercy
|
|
|
|
ragnar0k
|
|
November 13, 2017, 11:36:51 PM |
|
Nobody in their right mind will invest in altcash shitcoin that is forked every other day. People that buy it are speculators trying to play pump and dumps. They'll be the first to abandon the sinking ship at the first sign that Ver and Wu run out of bitcoins. Slower bitcoin blocks = less bitcoins to sell. Everything is self-regulating and the final outcome will be altcash fiasco.
You are wrong about this, it's not necessary that big holders sell their stash to crash them, it's enough that they are left with not enough BTC to defend the current high price of BCH that they have to mine BTC. That's the curse of their position. This is not going to be the game where few big moves decide the outcome, this will be a game of who can endure longer.
Guys I hope you are right with this, hopefully won't be so long and painful!
|
|
|
|
Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
|
|
November 13, 2017, 11:38:58 PM |
|
Oh mercy We live in a political world Love don’t have any place We’re living in times where men commit crimes And crime don’t have a face
|
|
|
|
qwk
Donator
Legendary
Offline
Activity: 3542
Merit: 3413
Shitcoin Minimalist
|
|
November 13, 2017, 11:42:55 PM |
|
You mean the CEO of Bitcoin Cash -- Rick Falkvinge -- isn't allowed to trade bitcoin?
If he trades based on insider information, as you implied, and this can be proven in court, he will go to jail in most countries in the world. Well, most likely not jail, but a hefty fine
|
|
|
|
|