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Victory33
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August 28, 2017, 12:39:17 PM |
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whats with the price drop recently?
Lots of problems with network and slow blocks! Confirmations are very slow for transactions. |
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blackjok3r
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Activity: 35
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August 28, 2017, 01:06:38 PM |
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At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.
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iamnewhere
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August 28, 2017, 01:12:26 PM |
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At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.
And what do you think will happen when coinbase will release the locked BCH to their owners finally?  There is no reason to dump a huge amount of BTC (even with a major supply in cold storages there are by far more BTC on the open market now than from BCH) but more than one reason to dump BCH before others can do and with the larger coin supply then it'll be no longer so easy to pump it for the miners |
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id10tothe9
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August 28, 2017, 01:16:01 PM |
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lolsss I'm glad I kept faith in this coin  where can i find info about the current stats, like fee and number of tx per block etc? you can see how the miners abuse the emergency diff recalc "feature" and mining 2-3 days more blocks than intended, after diff adjustment just leave and wait for emergency to kick in and come back 1-2 later at low diff to farm that coin again - so you can just send your BTC directly to the miners, saves you time to buy their BCH uh thanks that's a nice site! wow so now the amout of fees payed on one BTC block is around $10k, while for BCH only 10$  since the amount of tx per block for BTC is about 100x higher (actually less) then in comparison, the fees of BCH for same amount of tx would be like $1000, actually even less than 10% of the current BTC fees. did I get this right? I think now for btc tx we pay like $5, so for BCH is it now 50cents? will it stay at this rate for BCH or can it get even lower with the time? sounds all good to me since BCH will also allow 4x more transactions per block right? |
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tekmobile
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August 28, 2017, 01:18:24 PM |
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At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.
The miners are still going too fast though it may not take a few days this time but it will still be much faster than it should meaning the difficulty will still increase by a considerable amount on top of that the BTC difficulty is due a reduction so profitability will dive further its just a waiting game to see whats going to happen this time |
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winding-coils
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Activity: 168
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August 28, 2017, 01:18:57 PM |
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At least this time the miners haven't gone silly with hash rate after difficulty drop. Its still more profitable to mine on BTC chain right now. Those slow downs might be a thing of the past. If the miners all conspire together to stop mining blocks on purpose to drop difficulty then the EDA will kick in again, otherwise its not going to get used any more and the problem goes away. But until a whale start liquidating bitcoin on the open market, BTC will stay more profitable due to higher price. 2 or 3 billion $US of sales will drop the price around 50% I think. Most of the BTC supply is in cold storage AFAIK and isn't being traded so a dump of that magnitude will really take some time to be brought.
And what do you think will happen when coinbase will release the locked BCH to their owners finally? There is no reason to dump a huge amount of BTC (even with a major supply in cold storages there are by far more BTC on the open market now than from BCH) but more than one reason to dump BCH before others can do and with the larger coin supply then it'll be no longer so easy to pump it for the miners People will use the coin that is useful and the one that becomes difficult to use will not be. Some folks with a hell of a lot of bitcoin have been saying this for months now but still some seem to not have heard? |
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Welds1977
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August 28, 2017, 01:19:09 PM |
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whats with the price drop recently?
it didn't drop . it followed a classic head and shoulders pattern. |
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blackjok3r
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August 28, 2017, 01:21:20 PM |
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But segwit will break bitcoin and everyone will run. I'm sticking to my guns on this one. Was a huge gamble selling all my BTC for BCH to buy BCH at 0.06. But I've already made a massive return. Coinbase was releasing theirs in JAN, I expect bitcoin to be broken by then and coinbase owners will be shafted only getting one coin and not getting the chance to make this huge profit. But at least they will get them its better than nothing.
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tekmobile
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August 28, 2017, 01:30:26 PM |
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But segwit will break bitcoin and everyone will run. I'm sticking to my guns on this one. Was a huge gamble selling all my BTC for BCH to buy BCH at 0.06. But I've already made a massive return. Coinbase was releasing theirs in JAN, I expect bitcoin to be broken by then and coinbase owners will be shafted only getting one coin and not getting the chance to make this huge profit. But at least they will get them its better than nothing.
Segwit has been active on litecoin for a while now and there are no issues plus with the 2x fork in november/december you will need to hold BTC if you want a share of segwit2x. Now we don't know if 2x will survive the users seem to be against it so may die but the same was thought about BCH too so who knows but im guessing there will be a huge BCH selloff going into november up to the fork just to gain extra 2x just incase it gets some adoption and value |
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blackjok3r
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August 28, 2017, 01:45:37 PM |
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You assume 2x fork happens. We wait and see.
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tekmobile
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August 28, 2017, 01:51:51 PM |
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You assume 2x fork happens. We wait and see.
Nobody knows I think it will be a bad idea if it does but does not seem to have any real support apart from the miners agreement and we don't even know if they will enforce it but users will still probably hedge their bets just incase |
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Savik
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August 28, 2017, 04:57:49 PM |
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I really like the direction that the difficulty is going now. It has been oscillating the past few weeks between super high and super low which caused problems for everyone, but now we are settling on a difficulty that is getting close to the target of 10min/block: http://bch.xbt.it/?interval=10If this remains stable for the next regular re-target at block #485856 we should see minimal difficulty changes (compared to what we have already seen) and both BTC and BCH will be able to have a stable trajectory of mining hash rate. |
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tekmobile
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August 28, 2017, 05:11:50 PM |
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I really like the direction that the difficulty is going now. It has been oscillating the past few weeks between super high and super low which caused problems for everyone, but now we are settling on a difficulty that is getting close to the target of 10min/block: http://bch.xbt.it/?interval=10If this remains stable for the next regular re-target at block #485856 we should see minimal difficulty changes (compared to what we have already seen) and both BTC and BCH will be able to have a stable trajectory of mining hash rate. Still looking at a difficulty increase for BCH and a difficulty decrease for BTC but yes its still a much better situation I think they gave finally figured out that profitability needs to be just under BTC to stop the wild swings because as soon as it goes over a bunch of miners just rape it and leave |
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ry474k3
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August 28, 2017, 05:25:50 PM |
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BCH going back to .06 BTC maybe?
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x2666
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August 28, 2017, 05:33:54 PM |
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BCH going back to .06 BTC maybe?
Personally I doubt it. It depends on how weak the hands who bought are. Even if it does I'll still view it as a steal at that price. This is the real chain, there is no doubt. Valuation doesn't imply superior implementation. This is to be expected when the coin which actually forked is allowed to erroneously retain the original ticker of btc. |
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BlackWidow
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August 28, 2017, 05:52:41 PM |
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BCH going back to .06 BTC maybe?
Personally I doubt it. It depends on how weak the hands who bought are. Even if it does I'll still view it as a steal at that price. This is the real chain, there is no doubt. Valuation doesn't imply superior implementation. This is to be expected when the coin which actually forked is allowed to erroneously retain the original ticker of btc. No Bitcoin is the real chain. One is BITCOIN One is Bitcoin Cash (a new altcoin, not the REAL BTC) |
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x2666
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August 28, 2017, 05:56:30 PM
Last edit: August 28, 2017, 06:06:51 PM by x2666 |
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No Bitcoin is the real chain.
One is BITCOIN
One is Bitcoin Cash (a new altcoin, not the REAL BTC)
There was the original chain which is Bitcoin. Then the core devs failed to understand the purpose of Bitcoin and limited the block size to 1 mb. Hijacked the discussion, forced the intelligent devs to fork their coin from BTC. Then they implemented new code which fundamentally changes BTC from a currency to a settlement layer. Both are forks from the original Bitcoin. Segwit, Cash.  |
BitcoinTalk is a highly censored cesspool primarily serving as a vehicle to operate scams.
Pointing out truth or straying from the promoted narrative will be met with shills spouting non sequiturs.
Trust ratings are meaningless as those who control them are not worthy of trust.
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BlackWidow
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August 28, 2017, 06:37:54 PM |
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No Bitcoin is the real chain.
One is BITCOIN
One is Bitcoin Cash (a new altcoin, not the REAL BTC)
There was the original chain which is Bitcoin. Then the core devs failed to understand the purpose of Bitcoin and limited the block size to 1 mb. Hijacked the discussion, forced the intelligent devs to fork their coin from BTC. Then they implemented new code which fundamentally changes BTC from a currency to a settlement layer. Both are forks from the original Bitcoin. Segwit, Cash. "Fork their coin" You said it correctly So again there is only 1 Bitcoin, and it is not Bitcoincash coin |
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tekmobile
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August 28, 2017, 06:55:42 PM |
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No Bitcoin is the real chain.
One is BITCOIN
One is Bitcoin Cash (a new altcoin, not the REAL BTC)
There was the original chain which is Bitcoin. Then the core devs failed to understand the purpose of Bitcoin and limited the block size to 1 mb. Hijacked the discussion, forced the intelligent devs to fork their coin from BTC. Then they implemented new code which fundamentally changes BTC from a currency to a settlement layer. Both are forks from the original Bitcoin. Segwit, Cash. Listen to your leader Jihan  |
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x2666
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August 28, 2017, 07:38:21 PM |
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"Fork their coin"
You said it correctly
So again there is only 1 Bitcoin, and it is not Bitcoincash coin
I'm happy to let the markets and fees speak for me. Let's see what the prices are like this time next year. BitcoinCash is going to shock tens of thousands of Bitcoin Core maximalists. Luke, Greg, blockstream, and all have made a grave mistake. |
BitcoinTalk is a highly censored cesspool primarily serving as a vehicle to operate scams.
Pointing out truth or straying from the promoted narrative will be met with shills spouting non sequiturs.
Trust ratings are meaningless as those who control them are not worthy of trust.
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