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Author Topic: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees  (Read 581301 times)
hv_
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December 20, 2017, 08:07:38 AM
 #12161

Any of you guys see the mess that happened on GDAX tonight?

Literally jumped price up over 9,000 dollars.  Halted trading for now and reeling to get things back in place.

I wonder how bad the guys who actually bought at 9 thousand are going to get burned . . why the heck would anyone buy that high when it is thousands of dollars less on other exchanges?

Somethings you just can't explain with logic  Grin

Bots and stop (buy ) loss orders in short squeezes do exactly this - guess nobody could handle this manually - trading is getting digital as well .

Carpe diem  -  cut the down side  -  be anti-fragile - don't dillute Bitcoin!
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The simple way is the genius way - in Moore and Satoshi we trust.
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December 20, 2017, 08:08:51 AM
 #12162

you guys just got added to coinbase, nice
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December 20, 2017, 08:12:48 AM
 #12163

why btc is dumping and roger coin is rising  Huh

few reasons (btc):
-huge rise, retracing now
-limited utility https://jochen-hoenicke.de/queue/#2d
-less adoption (Steam, many other merchants, and users stop using btc)
-uncertain tech (Segwit, LN, RBF)

bch is more promising at the moment

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December 20, 2017, 08:15:44 AM
 #12164

Any of you guys see the mess that happened on GDAX tonight?

Literally jumped price up over 9,000 dollars.  Halted trading for now and reeling to get things back in place.

I wonder how bad the guys who actually bought at 9 thousand are going to get burned . . why the heck would anyone buy that high when it is thousands of dollars less on other exchanges?

Somethings you just can't explain with logic  Grin

Bots and stop (buy ) loss orders in short squeezes do exactly this - guess nobody could handle this manually - trading is getting digital as well .

Trading is actually digital from every point of view, the fact that bots can do margin on automated curse is just annoyng.
These should not be accetable on exchangers to be running as naive traders are likely losing money against bots.
That being said, is really good, it almost doubled the price and is getting listed in every exchanger around.
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December 20, 2017, 08:59:08 AM
 #12165

what happens to bitcoincash is at 0.187, yestarday it was a 0.29? crash?

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December 20, 2017, 09:08:11 AM
 #12166

what happens to bitcoincash is at 0.187, yestarday it was a 0.29? crash?

It's Just a minor market correction. The value should be back up in little to no time. Incase you didn't notice, Everything has been going down (Not so much though)


I just want to kill myself because I sold BCH at 450$ after the rise from 250$. About the comparison with Litcoin, I think BCH has better technology at least at this moment. Good job guys!

Sorry man, Nothing is able to predict the Crypto market due to the high volatility. I remember selling off my BCH coins at $1200. At the end of the day, We just have to accept it and keep moving forward. Goodluck with your future decisions

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December 20, 2017, 09:33:05 AM
 #12167

Guys how many of you did buy bitcoincash at 0.29btc?

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December 20, 2017, 09:40:02 AM
 #12168

I downloaded electroncash wallet, but it was deleted by Norton immediately. Why is that?

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December 20, 2017, 09:46:43 AM
 #12169

I just want to kill myself because I sold BCH at 450$ after the rise from 250$. About the comparison with Litcoin, I think BCH has better technology at least at this moment. Good job guys!

Don't be too greedy. It's good for 250$to get to the 450$band. There is a lot of money in the capital market, and it doesn't mean it's yours. Smiley Smiley Smiley

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December 20, 2017, 09:54:31 AM
 #12170

Well, no. Roger had nothing to do with the fork. Roger was a late-comer to BCH.

That said, he does have a big megaphone. It could be debated whether this was helpful to BCH or detrimental thereof.
Utter BS. Roger and Jihan were the main people to push the Bitcoin Cash forking.
ViaBTC, Ver's pool, was initially among Bitcoin New York Agreement signers, that supported SegWit2x. ViaBTC announced on 17 July that they support the concurrent chain and started trading BCC (IOU at that phase) on 22 July, i.e. they effectively broke their endorsement.
If not Ver and his marketing effort, Jihan alone would not have been able to push Bitcoin Cash 3 times above 0.1 BTC/BCH ratio. This manipulation will roll as long as people bite the bait.

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December 20, 2017, 10:33:34 AM
 #12171

why btc is dumping and roger coin is rising  Huh

few reasons (btc):
-huge rise, retracing now
-limited utility https://jochen-hoenicke.de/queue/#2d
-less adoption (Steam, many other merchants, and users stop using btc)
-uncertain tech (Segwit, LN, RBF)

bch is more promising at the moment

try bitcore (btx)  and you will see who's the real Bitcoin

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December 20, 2017, 10:37:06 AM
 #12172

why btc is dumping and roger coin is rising  Huh

few reasons (btc):
-huge rise, retracing now
-limited utility https://jochen-hoenicke.de/queue/#2d
-less adoption (Steam, many other merchants, and users stop using btc)
-uncertain tech (Segwit, LN, RBF)

bch is more promising at the moment

try bitcore (btx)  and you will see who's the real Bitcoin

it could be also price manipulations my 2 cent

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December 20, 2017, 10:41:16 AM
 #12173

I address all opponents of Layer2 mechanisms.

Bitcoin transaction protocol is very similar to roads. For my comparison, I will make the following assumptions:
individual, passenger/driver = 1-to-1 transactions
carpooling = 1-to-many transactions
fee in sat/byte=potential car speed or speed-denominated lanes (40 mph, 55 mph, 70 mph, 80 mph)
Like the road's main function is to allow the transportation of people and goods, Bitcoin's function is to transfer value and messages from individual to individual.
Let's assume economic growth, i.e. increased demand - the transportation intensity increases. The individual faces 3 choices and infrastructure has to cope with:
1. drive faster and more often - it's more expensive and has environmental costs; road maintenance cost rises due to increased usage;
2. drive larger vehicles - similar; similar and new lanes are required=additional CapEx;
3. pool with other participants - marginal costs decrease, improved efficiency; reduced CapEx compared to p. 1-2.
After some period, the transportation flow is so dense, that p. 3 reached its peak efficiency. Cars collide, intersections are overloaded, people and cargo reach their destination with delay. Whenever a scaling issue appears it can be solved:
a) Extensively - building new lanes and enlarging intersections. This is the preferred argument of dumb people, that don't care about efficiency - "I need space for my wide body car, even though I am driving alone" (rednecks with Dodge RAM 3500, hello!). In blockchain it equals to larger blocks.
a1) Extensively - increasing speed limit and building new lanes. With increased speed limit and lack of discrete infrastructure, more accidents will happen and the energy consumption will also increase (drag is proportional to the speed square, hence poor energy efficiency). Increasing speed limit=faster block time, more lanes=bigger blocks.
b) Intensively - prioritizing lanes, adding fast lanes, roundabouts and multilayer intersections and the most important, introducing public transport with dedicated infrastructure: trains, subways, Bus Rapid Transit, even pneumatic tube transport or HyperLoop. All these improvements have marginal benefits, as unitary cost of moving 1 person or payload decreases and security increases.

In blockchain, I view similar concepts in:
Lightning Network - value transfer between related parties, with the clearing of the final output;
SegWit - similar to buses and trains that transport a group of people, SegWit groups transactions together and deliver them faster, cheaper;
Child chains and off-chains - private roads or transportation means within a closed group;
Privacy features (Tumblebit, Sphinx) - the random taxi you take to the motel  Cool

Before debating me, please check the traffic flow simulation - extensive vs intensive scalability:
https://www.youtube.com/watch?v=yITr127KZtQ

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December 20, 2017, 10:50:53 AM
 #12174

Hi everyone congrats those who gain profit from BCH. Unfortunately I was on job I didn't get it on time.

Is this still right time to buy it and hold for long term.

Thanks
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December 20, 2017, 10:52:46 AM
 #12175

Could we rename this coin bitcoin crash instead cash, today look like is going down quite a lot Grin

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December 20, 2017, 11:10:09 AM
 #12176

Hi everyone congrats those who gain profit from BCH. Unfortunately I was on job I didn't get it on time.

Is this still right time to buy it and hold for long term.

Thanks

Nobody can tell that for sure.
From my perspective, there might be some mild correction soon.
Who knows, it might pump again.

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December 20, 2017, 11:22:36 AM
 #12177

Guys how many of you did buy bitcoincash at 0.29btc?

Really it jumped to 0.29 yesterday ?

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December 20, 2017, 11:31:59 AM
 #12178

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
ah your that guy that left that comment on the Komodo thread  Cheesy

I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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December 20, 2017, 11:36:54 AM
 #12179

Guys how many of you did buy bitcoincash at 0.29btc?

Really it jumped to 0.29 yesterday ?

Yes on bittrex it was sometime at 0.29  , i am looking to buy some bcc , what do you think is the best time to buy some bcc what price?  do you think caould we go down to 0.15? thanks for your advice

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December 20, 2017, 11:38:32 AM
 #12180

When will it start trading on GDAX??
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