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Author Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees  (Read 661365 times)
johnsmithx
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September 19, 2017, 06:52:49 AM
 #6021

Technically, China can't ban bitcoin traffic, we have our own sync network. But if China gov say mining is illegal, we are fucked.

Nobody is fucked, absolutely nothing will happen except the difficulty adjusting.

My list of 43(+3) reviewed Bitcoin forks | You don't have to download the pre-fork blockchain again for each fork! | Beware of fraudulent AWS accounts sellers and dangerous edu AWS codes! + My personal list of legit sellers and scammers | Never publicly reveal your btc addresses, ownership or any other details and stay very far away from anybody who asks you to! | The general rule of safe buying is: if the seller is a newbie, with no reputation, with no topic nor trust feedback, offering no vouches and/or selling from a locked or self-moderated topic and unwilling to go first or use escrow => AVOID. Always check the trust feedback first and make sure that you have enabled "Show untrusted feedback by default" in "Profile / Forum Profile Information".
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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serby10101010001100010
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September 19, 2017, 07:49:02 AM
 #6022

Flip floppers and christall balls foretellers predicting the doom we're all about to witnesss, you have lost all credibility, if you ever you once had. What's your credentials in this business to tell others how to trade? Nothing gonna happen and you know it. Stop making fools of yourselves and spare us the B.S. Thank you.
blackjok3r
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September 19, 2017, 07:58:07 AM
 #6023

We just had a big dip. Some guy just told me that btc is about to dump... then it fell a bit then instantly went back to 4k. I think we are due for another dump personally. Who ever is dumping wont just keep dumping until the price is zero. They will wait for to to pump back up then dump again. Whales aren't stupid. That's how they became whales. I have lost almost all faith in crypto market bign a true free market. Its manipulated pretty much 100% of the time. Trick to making money is insider "trading" so you know what's gonna happen before it happens.
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September 19, 2017, 08:07:19 AM
 #6024

Im not an insider lol...
I just use...the force  Cool

September 20th to 21st. Bitkan event has more importance than ever before...hoping for some big announcements,
I just found out Mr Mcafee owns one of the biggest mining farms in usa....and he likes the Bitcoin cash  Smiley

( market is still going up btw)
European Central Bank
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September 19, 2017, 09:26:34 AM
 #6025

I bought a little stock OTCQB:MGTI, almost doubled my money. Mr. John is cool guy and did you know about his $500.000 Bitcoin prediction? Asked which Bitcoin, he tweeted "I'm with Jihan, that's where the money is." or something like that.

https://twitter.com/officialmcafee/status/887027884854038529


he also just said that china is screwed and he's now heading to india, so jihan had better emigrate soon.

i'm pretty sure he explicitly nominated bch when someone questioned him further but it only showed up in one article.
tekmobile
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September 19, 2017, 09:47:03 AM
 #6026

Technically, China can't ban bitcoin traffic, we have our own sync network. But if China gov say mining is illegal, we are fucked.

Nobody is fucked, absolutely nothing will happen except the difficulty adjusting.

I don't think he means bitcoin overall just ViaBTC and the chinese mining industry as a whole yes the difficulty will need to adjust a lot but there are mining pools outside china and its easy for new pool operators to come online, china might have a lot of miners but there are still a lot outside of china that can easily switch to another pool.

BCH on the other hand may not be as forgiving there does not seem to be a great deal of mining support outside of china but that would probably change if there is money involved someone will fill the gap
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September 19, 2017, 09:55:01 AM
 #6027


I don't think he means bitcoin overall just ViaBTC and the chinese mining industry as a whole yes the difficulty will need to adjust a lot but there are mining pools outside china and its easy for new pool operators to come online, china might have a lot of miners but there are still a lot outside of china that can easily switch to another pool.

BCH on the other hand may not be as forgiving there does not seem to be a great deal of mining support outside of china but that would probably change if there is money involved someone will fill the gap

then the developers should change algorithm to something non asic. that would make it far more attractive to smaller miners and give it a brighter future. it would've been sensible to do that from the off. it's much more in line with 'satoshi's vision'.
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September 19, 2017, 10:07:01 AM
 #6028


I don't think he means bitcoin overall just ViaBTC and the chinese mining industry as a whole yes the difficulty will need to adjust a lot but there are mining pools outside china and its easy for new pool operators to come online, china might have a lot of miners but there are still a lot outside of china that can easily switch to another pool.

BCH on the other hand may not be as forgiving there does not seem to be a great deal of mining support outside of china but that would probably change if there is money involved someone will fill the gap

then the developers should change algorithm to something non asic. that would make it far more attractive to smaller miners and give it a brighter future. it would've been sensible to do that from the off. it's much more in line with 'satoshi's vision'.

I agree one of the reasons I am kind of interested on this BitcoinGPU project that's due to launch in just over a week seems to be following core very closely with the main change being POW and may prove to be a good case study

But for core its easily said but probably not easily executed
serby10101010001100010
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September 19, 2017, 10:44:06 AM
 #6029

https://cryptowat.ch/bitfinex/bchusd if you think your alarm set will save your sorry ass, man, I'm laughing real hard, good luck
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September 19, 2017, 10:48:39 AM
 #6030

https://cryptowat.ch/bitfinex/bchusd if you think your alarm set will save your sorry ass, man, I'm laughing real hard, good luck

what does your post mean?
serby10101010001100010
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September 19, 2017, 11:00:05 AM
 #6031

https://cryptowat.ch/bitfinex/bchusd if you think your alarm set will save your sorry ass, man, I'm laughing real hard, good luck

what does your post mean?

He is just an impolite person who keeps insulting people. Don't pay too much attention to him.

says the guy who posted this comment about how he uses an alarm just in case BCH drops, you gotta be kidding me, lol
serby10101010001100010
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September 19, 2017, 11:01:01 AM
 #6032

https://cryptowat.ch/bitfinex/bchusd if you think your alarm set will save your sorry ass, man, I'm laughing real hard, good luck

what does your post mean?

never mind I'm out lol
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September 19, 2017, 11:09:51 AM
 #6033

https://cryptowat.ch/bitfinex/bchusd if you think your alarm set will save your sorry ass, man, I'm laughing real hard, good luck

what does your post mean?

He is just an impolite person who keeps insulting people. Don't pay too much attention to him.

Yea just click ignore under his/her's username problem solved  Wink
serby10101010001100010
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September 19, 2017, 11:15:18 AM
 #6034

^

When things go down and they will go down real hard, Tether is a little too risky for my blood and frankly it gives me a real bad vibe but of course, there is no other option to trade "USD" in most exchanges, for example Bittrex so I have to use it but I keep my eye on it very closely. I moved my cash to Kraken, all in USD and EURO (no Tether).

Edit: It gives me bad vibe because I feel the old uncle Sam doesn't like it when they cut them off from the banks so basically, it's very risky imho.

I verified my account at Bittrex to trade with USD but after I did it, it only activated Tether for me. There is no option to withdraw USD to my bank account at all. Kraken seems trustworthy, I have verified account there too and tested to withdraw $5 or €5 or something and it worked fine and fast using SEPA.

Granted, trading BCH on Kraken is well, almost impossible. They have changed and removed to many things in the name of "performance" bla bla bla so really, it's a slow motion place for "trade". Prices always much higher than other exchanges when you want to buy and much lower when you want to sell.

But again, I don't dare parking more than about 1-2K USD in Tether in Bittrex. With or without audit, I don't care. If I can't withdraw it to my bank account, it's a risky "asset".

By the way, thank you for bringing this Tether subject up. I had a lot of USD in Tether. A very foolish thing of me.

BTC back up above $4K, BCH hanging around $490. Was I wrong on my TA prediction? I will soon find out. Hopefully not in the painful way!  Cheesy Embarrassed Grin

Glad you got out of USDT - it smells rotten to me, and crypto is already a fairly high-risk environment...

Thanks for your insights on Kraken/Bittrex - I've been using Poloniex for awhile but I feel like their days are numbered. Also, support is non-existent so if your withdrawal gets flagged - you won't see your funds for at least 30 days, if you see them at all...

BCH seems to be holding strong, and mining profitability is 1.04x BTC due to BTC difficulty hike.  


I got around $1500 in USDT at Bittrex, that's about as high as I'm "willing to lose", of course it's still a LOT of money for me but I have a buy at $50 BCH (haha) so we'll see.

Speaking of support, Bittrex's support is slower than Kraken. Kraken is not speedy, it's on the slow side too. Verification went fairly quick though. Specially Tire 3, it took some 1 hour or something I think.

Kraken's stop loss thing, let me tell you, does NOT work. At least for me. I did set a few times some orders on certain prices, they did not trigger. Kraken is basically slow manual "trade" but again, personally, for me, it feels safest and most trustworthy and professional for now. (of course, we never know how safe are the funds in these accounts but hopefully, they do not touch customer funds)

Yes, BCH is holding strong but careful, if China bans mining, we might see a big dip... maybe HUGE dip. I have set a few alarms (hopefully they will work too *lol*) on Cryptowat.ch, it starts peep peep peep if price hit certain level. Pretty nice function. You right click on the graph, get some small yellow arror and then the volume icon on the top can adjust alarm price: https://cryptowat.ch/bitfinex/bchusd/

hope and trading don't go hand in hand, what rock did you crawl out from under?
serby10101010001100010
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September 19, 2017, 11:16:48 AM
 #6035

https://cryptowat.ch/bitfinex/bchusd if you think your alarm set will save your sorry ass, man, I'm laughing real hard, good luck

what does your post mean?

He is just an impolite person who keeps insulting people. Don't pay too much attention to him.

Yea just click ignore under his/her's username problem solved  Wink

yeah, you don't say so
Mrpumperitis
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September 19, 2017, 12:57:57 PM
 #6036

 i dont think your missing much tbh,
i noticed a while ago...i said to some people on another thread,
is usdt being pumped? ( this was a few month back)
i dont do usdt...dont trust it,
and very rarely will i even do usd , unless i have to.
Mrpumperitis
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September 19, 2017, 01:46:42 PM
 #6037

Hopefully alot of answers tommorow,
im not worried at all about crypto, due to its deflationary nature,
china can do what they want, crypto will continue, with or without them
 
there will be alot of countries happy to fill any spaces that china give up.

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September 19, 2017, 02:03:23 PM
 #6038

Hopefully alot of answers tommorow,
im not worried at all about crypto, due to its deflationary nature,
china can do what they want, crypto will continue, with or without them
 
there will be alot of countries happy to fill any spaces that china give up.



How will your precious BCH manage china are the only ones supporting it
25hashcoin
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September 19, 2017, 02:08:27 PM
 #6039

Bitkan tomorrow! Buy cheap BCC before major announcements!

Bitcoin - Peer to Peer Electronic CASH
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September 19, 2017, 02:22:43 PM
 #6040

Bitkan tomorrow! Buy cheap BCC before major announcements!

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