[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees

[serby10101010001100010]

Hi,
Why is BTCC keeps on falling slowly slowly day by day?
Doesn't it supposed to have strong community and miners support?

Are we going to see an additional dump after Bitcoin gold will be created?

I"m not into "BTCC".

[bones261]

Hi,
Why is BTCC keeps on falling slowly slowly day by day?
Doesn't it supposed to have strong community and miners support?

Are we going to see an additional dump after Bitcoin gold will be created?

The initial distribution of this coin went to people who supported Bitcoin Cash and also to those who did not support Bitcoin Cash. That's a lot of weak hands, dumping. Plus, it has attracted a strong contingent of "vulture miners" who only care about profit, and are willing to dump as soon as they can. If the supporters keep working on ways to improve upon the code and developing new use cases, it will work out.

[gembitz]

Hi,
Why is BTCC keeps on falling slowly slowly day by day?
Doesn't it supposed to have strong community and miners support?

Are we going to see an additional dump after Bitcoin gold will be created?

The initial distribution of this coin went to people who supported Bitcoin Cash and also to those who did not support Bitcoin Cash. That's a lot of weak hands, dumping. Plus, it has attracted a strong contingent of "vulture miners" who only care about profit, and are willing to dump as soon as they can. If the supporter keep working on ways to improve upon the code and developing new use cases, it will work out.

BTCC BitcoinClam is like the original fork? wayyy before BitcoinCasHFork =D

https://poloniex.com/exchange#btc_clam

[serby10101010001100010]

Hi,
Why is BTCC keeps on falling slowly slowly day by day?
Doesn't it supposed to have strong community and miners support?

Are we going to see an additional dump after Bitcoin gold will be created?

The initial distribution of this coin went to people who supported Bitcoin Cash and also to those who did not support Bitcoin Cash. That's a lot of weak hands, dumping. Plus, it has attracted a strong contingent of "vulture miners" who only care about profit, and are willing to dump as soon as they can. If the supporter keep working on ways to improve upon the code and developing new use cases, it will work out.

BTCC BitcoinClam is like the original fork? wayyy before BitcoinCasHFork =D

https://poloniex.com/exchange#btc_clam

Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin", BTC is Pow, hmmmm

[serby10101010001100010]

https://news.bitcoin.com/south-korea-tax-bitcoin-use/

South Korea is preparing to tax bitcoin use after the cryptocurrency’s trading volume skyrocketed past that of Kosdaq. Han Seung-hee, the commissioner of the country’s National Tax Service, told lawmakers this weekend that the issue of how to best tax cryptocurrencies is being discussed, including the areas of capital gains tax, the VAT, and gift tax.

“Bitcoins can be used for purchasing goods, etc., and profits arising from using them will be subject to income tax” in Japan, the Japanese National Tax Agency explained, adding that:

        "Gains and losses (gains or losses recognized on the basis of relative relationships with foreign currencies or foreign currency) arising from the use of bitcoin, as a general rule, except for cases arising in association with acts that cause various incomes such as business income, are classified as miscellaneous income."

[serby10101010001100010]

http://www.newsbtc.com/2017/10/15/various-restaurants-around-world-now-accept-bitcoin-cash/

Contrary to what some people expect, there are physical locations accepting Bitcoin Cash. While the list is pretty small right now, it shows the potential for BCH. Surprisingly, two of the locations are based in Japan, whereas the third is in the US. All locations are related to food, which is pretty convenient for BCH holders. It will be interesting to see if this list continues to grow in the near future.

[BitcoinReseller]

BCC price is dropping too much 
i was lucky to sell all my bitcoin cash when it was ~0.12 btc

try this step by step tutorial for how to claim and sell your bitcoin cash on bittrex :
https://bitcointalk.org/index.php?topic=2078292.0

[bones261]

BCC price is dropping too much  
i was lucky to sell all my bitcoin cash when it was ~0.12 btc

try this step by step tutorial for how to claim and sell your bitcoin cash on bittrex :
https://bitcointalk.org/index.php?topic=2078292.0

See, a prime example of all the weak hands. Rather than view Bitcoin Cash as a gift, they treat it like they would a cheap whore.   Unfortunately, I still think there is probably still too much Bitcoin Cash in the hands of ingrates. Probably just a little bit longer until the accumulation phase can properly begin.

[bones261]

^

It's not about "weak" hands. It's about money. If it's going down to $150, why hold on to it at $300? Keep the money on the side lines and get double BCH instead of one but I gladly will promise to hold on to my BCH if you donate me 1 2 3 or more BCH. *lol*

I implied that the accumulation stage has not started, yet. I see a consolidation trend with BTC/BCH market, over the past couple of days. I speculate that we are still in the distribution phase. So the right move is to distribute your BCH to someone else. (ie treat it like a cheap whore.  )

[winding-coils]

 
https://github.com/bitcoin-dot-org/bitcoin.org/issues/1835

[serby10101010001100010]

https://twitter.com/bsmith12251960/status/919715320507408385

https://twitter.com/bsmith12251960/status/904428830093344768

[btct22]

^

It's not about "weak" hands. It's about money. If it's going down to $150, why hold on to it at $300? Keep the money on the side lines and get double BCH instead of one but I gladly will promise to hold on to my BCH if you donate me 1 2 3 or more BCH. *lol*

I implied that the accumulation stage has not started, yet. I see a consolidation trend with BTC/BCH market, over the past couple of days. I speculate that we are still in the distribution phase. So the right move is to distribute your BCH to someone else. (ie treat it like a cheap whore.  )

I agree with the distribution phase idea, and wonder what the low price point will be when it's done...

[pikebu]

Yes Even right now LocalBitcoinCash Beta Launches
With many advantages which are:
Zero Fees - they do not charge any transaction fees. All escrows are done free of charge.
No Limits - we may trade up to any amount of currencies we want.
Meetup - we may contact the other party directly for a face to face transaction offline.
Instant - Escrow transactions will be instant as long as both parties have sufficient balance to complete the transaction.
Safe - Escrow transactions are the safest for both parties. http://localbitcoincash.org/

Sounds great!, thanks for the info

You are welcome, the other great information is Various Restaurants Around the World now Accept Bitcoin Cash
So far, we see three restaurants accept Bitcoin Cash as a payment method. Two restaurants in Tokyo do so, as well as Korean Spring BBQ in the US. It is pretty interesting to see this trend take place right now. Take look this http://www.newsbtc.com/2017/10/15/various-restaurants-around-world-now-accept-bitcoin-cash/

[bones261]

I agree with the distribution phase idea, and wonder what the low price point will be when it's done...

Although the price is important, you actually have to look at the possible mindset of any holders who are not exactly staunch Bitcoin Cash supporters. Bitcoin Cash may see a slight rally coming up, as the impending Segwit2x fork draws closer. However, many may simply chose to get a hedge on this expected event by converting their BTC to fiat or other alts, so the rally may be tiny. Once the Segwit2x fork drama is in play, if it is not going well for the other chains, expect this rally to continue, and this will probably be a good time to consider accumulating. However, if it appear the fork is going well for either new forks, expect a dump of BCH. Many people have decided to HODL the original BCH that they received as a hedge for this upcoming fork. Once they feel they have the "all clear" signals after the fork, they are liable to feel they no longer need the hedge and dump. The other dumping phase will begin after Coinbase distribute the BCH to their users in January. After this all plays out for a couple of weeks, I think the accumulation phase for Bitcoin Cash will definitely have arrived.

[winding-coils]

I agree with the distribution phase idea, and wonder what the low price point will be when it's done...

Although the price is important, you actually have to look at the possible mindset of any holders who are not exactly staunch Bitcoin Cash supporters. Bitcoin Cash may see a slight rally coming up, as the impending Segwit2x fork draws closer. However, many may simply chose to get a hedge on this expected event by converting their BTC to fiat or other alts, so the rally may be tiny. Once the Segwit2x fork drama is in play, if it is not going well for the other chains, expect this rally to continue, and this will probably be a good time to consider accumulating. However, if it appear the fork is going well for either new forks, expect a dump of BCH. Many people have decided to HODL the original BCH that they received as a hedge for this upcoming fork. Once they feel they have the "all clear" signals after the fork, they are liable to feel they no longer need the hedge and dump. The other dumping phase will begin after Coinbase distribute the BCH to their users in January. After this all plays out for a couple of weeks, I think the accumulation phase for Bitcoin Cash will definitely have arrived.

Very fair analysis, agreed

[gembitz]

BCH ===> .055ZZZ!!!  #BOTTOM BUSTERRR WEEEE


https://poloniex.com/exchange#btc_bch

[serby10101010001100010]

I agree with the distribution phase idea, and wonder what the low price point will be when it's done...

Although the price is important, you actually have to look at the possible mindset of any holders who are not exactly staunch Bitcoin Cash supporters. Bitcoin Cash may see a slight rally coming up, as the impending Segwit2x fork draws closer. However, many may simply chose to get a hedge on this expected event by converting their BTC to fiat or other alts, so the rally may be tiny. Once the Segwit2x fork drama is in play, if it is not going well for the other chains, expect this rally to continue, and this will probably be a good time to consider accumulating. However, if it appear the fork is going well for either new forks, expect a dump of BCH. Many people have decided to HODL the original BCH that they received as a hedge for this upcoming fork. Once they feel they have the "all clear" signals after the fork, they are liable to feel they no longer need the hedge and dump. The other dumping phase will begin after Coinbase distribute the BCH to their users in January. After this all plays out for a couple of weeks, I think the accumulation phase for Bitcoin Cash will definitely have arrived.

https://twitter.com/flibbr/status/917460839124389888
https://zycrypto.com/trace-mayer-sees-bitcoin-price-27k-four-months-time/

Meanwhile https://coincodex.com/crypto/bitcoin-cash/
https://www.reddit.com/r/Bitcoincash/comments/76wuyj/bitcoin_cash_spiked_by_12_in_the_last_hour_any/

[Filmmmakerr]

What Is going gong on? are the miners making big profit mining BCH again?

[Daedalus27]

If one remembers when Bitcoin Cash  (BCC | BCH) was initially released it traded multiple times at 0.1 btc and rose to between 0.25 to .45 of a btc for short periods.

A return to prices around $500+ USD is definitely real as holders seek return on investment for a good price...

We could return to. 1 btc faster than people expect...

[European Central Bank]

Maybe because of this, they are taking on VISA:

1 gigabyte blocks? what do these people know that almost everyone else who's ever looked at bitcoin do not? does it require one of their $20,000 nodes?

it's one thing to make it happen in a lab. it's quite another when you have to stretch it across the world a few thousand times all at once.