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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 661515 times)
Mrpumperitis
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September 13, 2017, 12:07:47 AM
 #5801

ok this china thing, could have something to do with this aswell.
http://www.newsmax.com/Finance/PeterReagan/china-gold-monetary-system/2017/09/09/id/812544/
How China Just 'Reset' the Global Monetary System With Gold

https://www.bloomberg.com/news/articles/2017-09-12/china-gold-firms-are-said-to-pursue-1-5-billion-indonesia-mine
https://www.thetrumpet.com/16266-chinas-new-gold-backed-oil-benchmark-to-deal-blow-to-us-dollar


thing is as the dollar weakens, our crypto will keep going up...
buy or hodl...while we watch fiat currencies fall to all time lows , due to over (unlimted)suppy, FRB & QE and soon hyper inflation.
so dont sell your coins cheap( unless you have to)

Bitkan is around 1 week away, expect some big announcements for the whole crypto industry.
 Smiley
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Mrpumperitis
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September 13, 2017, 03:26:24 AM
 #5802

What's going ooon? Everything is crashing!? Huh
no idea bro, hedge safely and gd luck to all,
hope this doesnt last long..



A thought....
could be a market correction, profit taking, china fud, and other things....( i dont see it going under $100bill...no chance)
however , i still know this is part of the journey to the $500bill, then $1trill+  cap for cryptomarket.
It never was gonna be a smooth ride all the way up and never will be, we get these times, and its not easy...
All gd coins will be fine once the storms over and will climb back up and higher than before as time passes.
MartinGandhiKennedy
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September 13, 2017, 03:49:10 AM
 #5803

YOU NUBS HAHAHA BCH IS DYING. NUBS HA!
YOU THOUGHT YOU COULD GET AWAY FROM THE ONE AND ONLY?!
HAIL MAXWELL!

lol jk

I'm just waiting for that though lmao
MartinGandhiKennedy
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September 13, 2017, 06:09:46 AM
 #5804

The scary part is how all anybody needs to do is memorize the vocab words:

Blockchain, Blockstream, Bitcoin Core, Hash Power, Miners, Algorithm, Hardfork, Lightning Network, Segregated Witness, Segwit, Segwit2x, Transactions, UASF, UAHF, Decentralized, Big Blocks, Small Blocks, GitHub, Full node, Fees, etc.

AND THEN, input all these vocabulary words into this "Mad Libs" at this link: https://i.pinimg.com/originals/79/7a/0b/797a0b7247932cd429dfd117e5eab463.jpg

And you become a pro in no time! Cheesy Check it out:

"There are many DECENTRALIZED ways to choose an ALGORITHM to read. First, you could ask for recommendations from your friends and MINERS. Just don't ask UAHF--they only read CENTRALIZED codes with BIG BLOCKS. If your friends and family are no help, try checking out the BLOCKSTREAM review in The New York Times. If the LIGHTNING NETWORK featured there are too CENTRALIZED for your taste, try something a little more low-BLOCKCHAIN, like BIG BLOCKS: The MINERS Magazine, or HASH POWER Magazine. You could also choose a book the BITCOIN CORE-fashioned way. Head to your local library or GITHUB and browse the shelves until something catches your HARDFORK. Or, you could save yourself a whole lot of HASH POWER trouble and log on to www.BITCOINCORE.org, the SEGREGATED WITNESS new website to DECENTRALIZATION for FULL NODES! With all the time you'll save not having to search for TRANSACTIONS, you can mine SMALL BLOCKS more FEES!"

Never worry that your newbie friends will think you're a newb ever again! Wink
blackjok3r
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September 13, 2017, 06:20:26 AM
 #5805

The question is: Are we witnessing the flippening? Billions of dollars being ripped out of bitcoin just like what this said: https://pastebin.com/n0aGBMQr
MartinGandhiKennedy
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September 13, 2017, 06:27:20 AM
 #5806

The question is: Are we witnessing the flippening? Billions of dollars being ripped out of bitcoin just like what this said: https://pastebin.com/n0aGBMQr

I think it has a lot to do with this Donald Trump interview:

https://www.youtube.com/watch?v=RDrfE9I8_hs&feature=youtu.be
serby10101010001100010
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September 13, 2017, 06:31:46 AM
Last edit: September 13, 2017, 06:48:23 AM by serby10101010001100010
 #5807

ok this china thing, could have something to do with this aswell.
http://www.newsmax.com/Finance/PeterReagan/china-gold-monetary-system/2017/09/09/id/812544/
How China Just 'Reset' the Global Monetary System With Gold

https://www.bloomberg.com/news/articles/2017-09-12/china-gold-firms-are-said-to-pursue-1-5-billion-indonesia-mine
https://www.thetrumpet.com/16266-chinas-new-gold-backed-oil-benchmark-to-deal-blow-to-us-dollar


thing is as the dollar weakens, our crypto will keep going up...
buy or hodl...while we watch fiat currencies fall to all time lows , due to over (unlimted)suppy, FRB & QE and soon hyper inflation.
so dont sell your coins cheap( unless you have to)

Bitkan is around 1 week away, expect some big announcements for the whole crypto industry.
 Smiley

 Welcome back man, 195$ what a joke

Was wondering how crypto was correlated with those forex pairs too, very interesting. I believe it's also true for s&p but would have to check if it's positive or negative correlation. at the time we speak s&p is at 2500.05 (+0.34%) EURUSD at 1.1984 (+0.14%).

"New financial instrument gives oil-exporting nations their long-sought alternative to the petrodollar." The end of the petrodollar is near at hand, so I guess the FED printing money will no longer be permissible in global money markets to bail out its banking system.
serby10101010001100010
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September 13, 2017, 07:39:10 AM
 #5808

S&P 2492.1 (-0.19%) BTC taking the hit, just as I thought.

EDIT: on the H1 chart, BCH looks really nice, so don't sell at this price level guys, it has formed a morning star.
blackjok3r
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September 13, 2017, 07:43:01 AM
 #5809

I have been watching the charts since day dot on BCH after I got that pastebin. I sold all my btc for bch at 0.06 based on that pastebin. Weather its real or not at this point doesn't matter to me. I already made a quarter of a years wages off my tax cheque LOL.

But the charts... Every time it gets to a low, it gets pumped and the next low is higher than the last. This is one of two things:
Whales pumping to unload their stacks of free bch at the highest price they can
OR
Whales buying it all at what will be looked back on as a really cheap price.

There are also these facts:
The unknown miner has also never sold any of his coins. They are all sitting in the address they were mined too.
The EDA stopped being abused ages ago.
Bitcoin Cash has been added to most exchanges and wallets already.
Massive sells and shorts are now happening to BTC.

I don't *know* but I am still leaning towards the pastebin being somewhat true. I think his details might be a little out. The 0.1 price he spoke of is a little higher but its generally right.
serby10101010001100010
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September 13, 2017, 07:54:31 AM
 #5810

I have been watching the charts since day dot on BCH after I got that pastebin. I sold all my btc for bch at 0.06 based on that pastebin. Weather its real or not at this point doesn't matter to me. I already made a quarter of a years wages off my tax cheque LOL.

But the charts... Every time it gets to a low, it gets pumped and the next low is higher than the last. This is one of two things:
Whales pumping to unload their stacks of free bch at the highest price they can
OR
Whales buying it all at what will be looked back on as a really cheap price.

There are also these facts:
The unknown miner has also never sold any of his coins. They are all sitting in the address they were mined too.
The EDA stopped being abused ages ago.
Bitcoin Cash has been added to most exchanges and wallets already.
Massive sells and shorts are now happening to BTC.

I don't *know* but I am still leaning towards the pastebin being somewhat true. I think his details might be a little out. The 0.1 price he spoke of is a little higher but its generally right.

I've also watched the chart for some time, and I've noticed that while BTC was going north, BCH followed the same trend, now it's the other way around, go figure, but the correlation reversing from positive to negative and vice-versa  must have something to do with the whales story about pumping as you mentioned.
serby10101010001100010
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September 13, 2017, 09:00:53 AM
 #5811

http://fortune.com/2017/09/12/jamie-dimon-beats-up-on-bitcoin-says-its-a-fraud/

LMFAO, sounds like this guy doesn't want you to lose your hard earned money: ""It's worse than tulip bulbs. It won't end well. Someone is going to get killed,"
serby10101010001100010
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September 13, 2017, 09:18:58 AM
 #5812

http://fortune.com/2017/09/12/jamie-dimon-beats-up-on-bitcoin-says-its-a-fraud/

LMFAO, sounds like this guy doesn't want you to lose your hard earned money: ""It's worse than tulip bulbs. It won't end well. Someone is going to get killed,"

They are listed here: https://entethalliance.org/members/

and well, https://www.jpmorgan.com/global/Quorum

But in fairness, he is talking about Bitcoin I suppose.

I'm so confused these past few days, I don't know what to believe anymore! Huh but I'll hodl a few BCH. That's for sure! Grin

better safe than sorry
tekmobile
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September 13, 2017, 09:28:22 AM
 #5813

What's going ooon? Everything is crashing!? Huh

It started going down last night (my time) not long after Charlie Lee posted something on twitter about the China exchange ban and having a trusted source I can't remember what it said but he deleted it very shortly after.

Could have been a coincidence though I've not long been up (it's still early ish in the morning here) so not had chance to see if anything else has happened or been confirmed
serby10101010001100010
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September 13, 2017, 09:45:37 AM
 #5814

What's going ooon? Everything is crashing!? Huh

It started going down last night (my time) not long after Charlie Lee posted something on twitter about the China exchange ban and having a trusted source I can't remember what it said but he deleted it very shortly after.

Could have been a coincidence though I've not long been up (it's still early ish in the morning here) so not had chance to see if anything else has happened or been confirmed


I must admit I got very spooked by that so I moved my stuff out of Bitfinex into Bittrex and some in Kraken right now. Would have been kind'a scary if they just closed it. I mean, I'm half trading half hodling so I can't have it all in some private wallet.

If I understood things correctly, Kraken and Bittrex are "safe" from this alleged China ban because they operate in US of A, yes?

EDIT: Everything is topsy-turvy. *lol* ...so much confusion everywhere it seems.

you forgot to mention Poloniex which does not operate in China either.
tekmobile
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September 13, 2017, 09:46:29 AM
 #5815

What's going ooon? Everything is crashing!? Huh

It started going down last night (my time) not long after Charlie Lee posted something on twitter about the China exchange ban and having a trusted source I can't remember what it said but he deleted it very shortly after.

Could have been a coincidence though I've not long been up (it's still early ish in the morning here) so not had chance to see if anything else has happened or been confirmed


I must admit I got very spooked by that so I moved my stuff out of Bitfinex into Bittrex and some in Kraken right now. Would have been kind'a scary if they just closed it. I mean, I'm half trading half hodling so I can't have it all in some private wallet.

If I understood things correctly, Kraken and Bittrex are "safe" from this alleged China ban because they operate in US of A, yes?

EDIT: Everything is topsy-turvy. *lol* ...so much confusion everywhere it seems.

As safe as any exchange can be I guess very rare I trade so currently have 100% offline

The rumor has it that the Chinese exchanges will need to be government licenced which none are afaik so likely all will temporary close with only the larger ones gaining a licence

Anything can happen though I don't believe anything until it happens and even then I know what I hold is safe so when things recover I still have what I had before plus more

Most that will panic sell are the newbies that have never seen this before and the traders that will just buy back in

I've lost technically hundereds of thousands worth over the years with what I've sold I was checking my old wallets yesterday and the only one that had something in was from early 2013 and it was a grand total of 0.005something BTC I was gonna sent it with no fees but can't get any passwords to work lol good job it wasn't anything major that wallet at one point had around 10 BTC in it though bit was all sold mid/late 2013
serby10101010001100010
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September 13, 2017, 09:53:08 AM
 #5816

^x2

Yes, Poloniex, I heard some people nagging about them a lot (just very briefly read some stuff) so I did not want to take a chance with them. Bittrex seem "safe", I mean, looks like people behind it are kind's sort'a reputable. (I have no details on Poloniex though)

If China really starts closing these exchanges, things can go south pretty quickly, at least for a while. I have a feeling BTC will be testing some lows around $2500-$2900 maybe? Just some gut feeling. Probably will drag down BCH with it a bit... and other coins. No idea though.

I hodl some BCH, some BTC and some USD right now. Just watching charts and well, pulling my hair out trying to make sense of it all!  Grin Grin Grin

In this case, can you short BTC on the exchanges you mentioned? Because I might seize on the opportunity and open an account then. I do have a CFD account where I can trade BTC futures, but I need at least 10ks because the high leverage.
tekmobile
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September 13, 2017, 09:57:04 AM
 #5817

There's a bit about it on bitcoin.com but nothing major

https://news.bitcoin.com/markets-update-bitcoin-breaks-below-4000-during-12-sell-off/

And while I'm at it I wonder how widespread something like this is

https://news.bitcoin.com/sloppy-crypto-users-are-loosing-bcash-sending-to-bitcoin-wallets/
serby10101010001100010
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September 13, 2017, 09:59:57 AM
 #5818

There's a bit about it on bitcoin.com but nothing major

https://news.bitcoin.com/markets-update-bitcoin-breaks-below-4000-during-12-sell-off/

And while I'm at it I wonder how widespread something like this is

https://news.bitcoin.com/sloppy-crypto-users-are-loosing-bcash-sending-to-bitcoin-wallets/

second link relates to users mistakenly sending BCH on BTC wallet addy. Basically, they're begging for it. It's a no brainer, didn't even have to open the link to read through the article.
tekmobile
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September 13, 2017, 10:03:56 AM
 #5819

There's a bit about it on bitcoin.com but nothing major

https://news.bitcoin.com/markets-update-bitcoin-breaks-below-4000-during-12-sell-off/

And while I'm at it I wonder how widespread something like this is

https://news.bitcoin.com/sloppy-crypto-users-are-loosing-bcash-sending-to-bitcoin-wallets/

second link relates to users mistakenly sending BCH on BTC wallet addy. Basically, they're begging for it.

I know what its about just wondering how many do things like this I read something like this a bit back where BCH users were sending to bitcoin segwit addresses because they are legal addresses on the BCH network
serby10101010001100010
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September 13, 2017, 10:10:43 AM
 #5820

There's a bit about it on bitcoin.com but nothing major

https://news.bitcoin.com/markets-update-bitcoin-breaks-below-4000-during-12-sell-off/

And while I'm at it I wonder how widespread something like this is

https://news.bitcoin.com/sloppy-crypto-users-are-loosing-bcash-sending-to-bitcoin-wallets/

second link relates to users mistakenly sending BCH on BTC wallet addy. Basically, they're begging for it.

I know what its about just wondering how many do things like this I read something like this a bit back where BCH users were sending to bitcoin segwit addresses because they are legal addresses on the BCH network

At any rate, it's got to hurt, may be there's a way to track those lost coins on the blockchain?
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