Big Naturals
|
|
February 06, 2018, 09:12:41 AM |
|
Flippening is much more likely now than before imo, I couldn't see BCH taking over bitcoin throne if noobies got rekt in the process, but that assumed the change to BCH happened in the bull phase, which would have had most new investors taking a bbc up the tail-pipe north of 20K USD.
Flippening during a bear leaves no doubt that BCT is the villan, and BCH was never at the scene of the crime, the mass noobie rape fest, but comes in as the white knight in shining armor, and saves digital cash.
There's always a silver lining!!
|
|
|
|
Apraksin
Sr. Member
Offline
Activity: 420
Merit: 251
Moon?
|
|
February 06, 2018, 09:23:27 AM |
|
And flippening will happen during a bear market for what reasons? Weak investors who was shaken out during this brutal downturn and wants nothing to do with crypto anymore suddenly realise that BCH is the ultimate coin and buy unprecedented amounts because of scalability?
Pisssssh.
If flippening would have come it would have been back in fall 2017 when Roger Ver tried to pump it into action. Back then there was so much FUD and FOMO that there was a small chance of reaching a phsycological breaking point creating the flip. As it is now anyone can see that the way BCH price is tied to BTC is like a suckling pig to its mother, It's been clearly demonstrated that BCH can't stand on its own.
|
|
|
|
Majormax
Legendary
Offline
Activity: 2534
Merit: 1129
|
|
February 06, 2018, 09:25:41 AM |
|
BTC lost about 200 Mrd market cap (from the top) ETH about 60 Mrd XRP about 100 Mrd ?
This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.
The answer will take some time to become clear. I would guess the market will shake out a lot more players this year. Unfortunately that means more falls and volatility, but it will ultimately be a positive.
|
|
|
|
hv_
Legendary
Offline
Activity: 2534
Merit: 1055
Clean Code and Scale
|
|
February 06, 2018, 09:51:49 AM |
|
BTC lost about 200 Mrd market cap (from the top) ETH about 60 Mrd XRP about 100 Mrd ?
This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.
The answer will take some time to become clear. I would guess the market will shake out a lot more players this year. Unfortunately that means more falls and volatility, but it will ultimately be a positive. Yes - most will be sorted out by the negative momentum (all?) charts show. Only simplicity, quality + usability should make it up again. ICO's might be mostly done for now - so ETH's biggest use case....
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
Bitbobb
|
|
February 06, 2018, 09:59:45 AM Last edit: February 06, 2018, 10:29:08 AM by Bitbobb |
|
leaves no doubt that BCT is the villan, and BCH was never at the scene of the crime, ... but comes in as the white knight in shining armor, and saves digital cash.
There's always a silver lining!!
..don't point no fingers; not dangerous; this is our planet; you're one of us."
|
|
|
|
Bitbobb
|
|
February 06, 2018, 10:30:01 AM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
|
|
|
|
tekmobile
|
|
February 06, 2018, 10:32:20 AM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks
|
|
|
|
Bitbobb
|
|
February 06, 2018, 10:51:25 AM Last edit: February 06, 2018, 11:21:14 AM by Bitbobb |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I am going to guess you are not unbanked
|
|
|
|
tekmobile
|
|
February 06, 2018, 12:04:15 PM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I am just going to guess you are not unbanked I don't know about where you are from but usually to own a credit card a requirement is that you have to have a bank account
|
|
|
|
tomkat
|
|
February 06, 2018, 12:19:26 PM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I'd leave the decision what to do with funds on credit cards to their owners. Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further. Hey wait, it's actually happening now
|
|
|
|
Bitbobb
|
|
February 06, 2018, 12:49:59 PM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I am just going to guess you are not unbanked I don't know about where you are from but usually to own a credit card a requirement is that you have to have a bank account yes the unbanked are living now inside a perfectly designed prison within modern society that is undetectable at most altitudes, 100% agree.. nice of you to notice we even do not have the credit card access to buy with!!!..
|
|
|
|
tekmobile
|
|
February 06, 2018, 12:59:02 PM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I'd leave the decision what to do with funds on credit cards to their owners. Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further. Hey wait, it's actually happening now You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference
|
|
|
|
Bitbobb
|
|
February 06, 2018, 01:10:51 PM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I'd leave the decision what to do with funds on credit cards to their owners. Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further. Hey wait, it's actually happening now You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference you subscribe to the very popular and very false narrative of how money works in modern society. And now you parrot the party line from their outpost the enemy has built inside your own brain. Nice to meet you modern man*! newsflash: the loan you think you are getting whether large or small is not actually a loan. further the contract you are mentioning is one-sided and domestically unenforceable. Maybe that impulse control you think we need the banks to exercise for us should be exercised by them first?? I mean they are the only industry that is allowed by congress to provide their own in-house oversight AND policy! What could go wrong right tek/ *= this assumes you do not knowingly work for the IMB and fund
|
|
|
|
Big Naturals
|
|
February 06, 2018, 01:15:55 PM |
|
And flippening will happen during a bear market for what reasons?
Because a flippening during a major crash won't confuse new entrants, the narrative is easy to understand, "bitcoin crashed 80%, then it rose again", they won't notice the flippening even happened. Stocks often crash and then recover, so it's not unusual, but stocks don't experience flippening Don't forget, crypto total user base is tiny, and on the next bull millions of new users will enter the market. Previously I could not see flippening as likely as during a bull market it has to be done in the open - 'one bitcoin dropped from 20k to 1k, and another bitcoin went from 1k to 20k ... wtf.... ' Only those deeply embedded in crypto would understand what the fuck was going on, so major turn off. What can happen now is both bitcoins get flushed down the toilet, then 'the bitcoin' rises up again ... simple, easy to understand for the millions of noobies entering the market on the next leg up. Edit, a flippening at 20k USD would have crashed the market, we all knew that, and so many would resist it even if they prefer BCH, but now ... market is already trashed, so might as well flip
|
|
|
|
bitpotter
|
|
February 06, 2018, 01:28:13 PM |
|
Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.
Chase Bank of America Citi Capital One
We're encouraging affected customers to switch to debit card or bank account payment methods.
Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks I am just going to guess you are not unbanked I don't know about where you are from but usually to own a credit card a requirement is that you have to have a bank account yes the unbanked are living now inside a perfectly designed prison within modern society that is undetectable at most altitudes, 100% agree.. nice of you to notice we even do not have the credit card access to buy with!!!.. If you have to use a credit card it will even complicate, everyone would want something easy without having to bother taking care of anything.
|
|
|
|
Mrpumperitis
Legendary
Offline
Activity: 2786
Merit: 1075
|
|
February 06, 2018, 01:43:01 PM |
|
|
Bitcoin - Blockchain 1.0 (2009) Ethereum - Blockchain 2.0 (2015) Partisia - Blockchain 3.0 (2021)
|
|
|
svennnny
Member
Offline
Activity: 182
Merit: 17
|
|
February 06, 2018, 01:49:54 PM |
|
|
|
|
|
Mrpumperitis
Legendary
Offline
Activity: 2786
Merit: 1075
|
|
February 06, 2018, 02:21:01 PM |
|
^ wow svenny aka tek go pump your coin with this awesome news you got there
|
Bitcoin - Blockchain 1.0 (2009) Ethereum - Blockchain 2.0 (2015) Partisia - Blockchain 3.0 (2021)
|
|
|
classicsucks
|
|
February 06, 2018, 02:32:02 PM |
|
Gentlemen - enough about PRICE, let's look at FUNDAMENTALS:
BTC doesn't work and LN can't work with a broken layer underneath it. BTC development is a dead meme, BTC is the target of Wall St. speculators, and has now lost its Tether price pump mechanism. BTC has only first adopter momentum, which it loses more of each day (anyone look at the mempool or the market dominance chart lately?)
BCH works and adoption is growing more each day. BCH development is steaming ahead. BCH has 24x the capacity of dead BTC. New investment will almost certainly go to the alt market looking for growth.
Watch the US Congress hearings today. Surely they will move the markets.
|
|
|
|
svennnny
Member
Offline
Activity: 182
Merit: 17
|
|
February 06, 2018, 03:16:25 PM |
|
Gentlemen - enough about PRICE, let's look at FUNDAMENTALS:
BTC doesn't work and LN can't work with a broken layer underneath it. BTC development is a dead meme, BTC is the target of Wall St. speculators, and has now lost its Tether price pump mechanism. BTC has only first adopter momentum, which it loses more of each day (anyone look at the mempool or the market dominance chart lately?)
BCH works and adoption is growing more each day. BCH development is steaming ahead. BCH has 24x the capacity of dead BTC. New investment will almost certainly go to the alt market looking for growth.
Watch the US Congress hearings today. Surely they will move the markets.
Dude there are 1500 altcoins now Bcash is just one of them. Yea lets talk about that flippening meme or operation bla bla meme shall we ? Tether is being used to buy Bcash to. If Tether dies so does all coins what's the deal ? BTC dominance atm 36% Actually increasing the last days. Bcash 5% decreasing last days. Please show me the oh so great adoption of Bcash show me the list it must be so huge. Lets take a look at the transactions last 24 hours shall we https://bitinfocharts.com/bitcoin/ 238.781 last 24 hours. https://bitinfocharts.com/bitcoin%20cash/ 23.176 last 24 hours
|
|
|
|
|