Bithunder
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August 18, 2017, 04:30:41 PM |
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With the recent difficulty corrections and current price, BCH is now more profitable for mining than BTC. Wonder what would happen if all miners progressively change to BCH mining
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"You Asked For Change, We Gave You Coins" -- casascius
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cellard
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Activity: 1372
Merit: 1250
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August 18, 2017, 04:35:34 PM |
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With the recent difficulty corrections and current price, BCH is now more profitable for mining than BTC. Wonder what would happen if all miners progressively change to BCH mining
They would leave a gap on the real Bitcoin hashrate, which would mean that someone mining Bitcoin Cash would go back to mining real Bitcoin, because the difficulty would lower and the price would still be several times higher than Bitcoin Cash. That is the irony, at the end of the day Bitcoin Cash can never get anywhere near the real Bitcoin. As soon as people leave the real Bitcoin to speculate with the Bitcoin Cash hashrate, they will create a new opportunity to mine Bitcoin. It's a constantly leveling-itself system.
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Hagane
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Activity: 37
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August 18, 2017, 09:37:06 PM |
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Still going up. Who is buying it? Craig Wright?
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kilobytez
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What's Quirky In Life?
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August 18, 2017, 10:53:27 PM |
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The koreans are supporting BCH. check out Bithumb with $1,272,600,000 volume!
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Hagane
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Activity: 37
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August 18, 2017, 10:58:11 PM Last edit: August 18, 2017, 11:15:10 PM by Hagane |
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The koreans are supporting BCH. check out Bithumb with $1,272,600,000 volume!
It seems to be the case, the volume in fact is there. (about 39% of all markets, I wonder how long it can hold) Edit: actually, it easily passes 50% if you add a few other BCH/KRW markets.
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RedX
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August 19, 2017, 02:18:47 AM |
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The koreans are supporting BCH. check out Bithumb with $1,272,600,000 volume!
I really don't like it when more people support BCC. I really have a bad feeling that it will have a negative impact on bitcoin when it's value is almost the same as bitcoin. I will be exiting btc if there's more split that are coming.
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cozytrade
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August 19, 2017, 02:23:05 AM |
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Yeah i saw it in coinmarketcap.com that bitcoin cash have been pump seriously? I knew it will dump more because of the BITCOIN price impact hehehe. But hopefull that i buyed bitcoin cash in 0.06 BTC price and how my money have been doubled
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| | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | .
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SUPERSAIAN
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Activity: 2198
Merit: 1234
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August 19, 2017, 02:26:25 AM |
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They don't need a reason to pump the coin. Bitcoin Cash solely created for this purpose. This coin is nothing but a pump toy. It moves just like expected.
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NS-Soul
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Activity: 497
Merit: 110
arcs-chain.com
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August 19, 2017, 04:07:05 AM |
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just notice a 40% pump of Bitcoin cash. What's the reason?
I don't know since there are no informations or announcements in the thread but i read a news that bitcoin will split again after three months. Its kinda hype again for some reason but i definitely not wanted to join on that i'm stick to my bitcoins.
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goldenchip
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Activity: 74
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August 19, 2017, 04:13:06 AM |
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It's probably South Korea pumping it, they have more than 54% trading volume on coinmarketcap.com
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yonton
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August 19, 2017, 04:16:35 AM |
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It only a matter of time until BCH crashes and the money flows back in to the top altcoins
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panju1
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Merit: 1000
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August 19, 2017, 04:54:32 AM |
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It only a matter of time until BCH crashes and the money flows back in to the top altcoins
BCH crash will result in money flowing into Bitcoin, not into the top altcoins. It doesn't matter where BCH is classified in this forum; most investors in BCH are those who want to hedge their investment in Bitcoin. They are not your typical altcoin investors.
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Getmon
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August 19, 2017, 06:13:00 AM |
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Bitcoin Cash seems to start acting what it really is, at least for now, a pump and dump kind of coin. There is pump of course, it will be impossible for a coin such as Bitcoin Cash to just dive straight into rock bottom. But then each pump is followed by another dump. And the cycle continues.
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MEGA |
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bamboylee
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August 19, 2017, 07:15:17 AM |
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Bitcoin Cash seems to start acting what it really is, at least for now, a pump and dump kind of coin. There is pump of course, it will be impossible for a coin such as Bitcoin Cash to just dive straight into rock bottom. But then each pump is followed by another dump. And the cycle continues.
If there are still other people holding bch, they can dump. But what if the only ones holding bch right now are ver and wright, and they are pumping bch. Then there is no more dump happening, only pumps. And there will be newbies seeing the pump will be enticed to buy bch as well, thus more pump.
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crypteria
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Activity: 13
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August 19, 2017, 10:45:36 AM |
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I think many people unterestimate BCH. The chances are quite high that it reaches a four digit USD value and stays above this level.
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Zosinburg
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August 19, 2017, 11:33:20 AM |
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I think many people unterestimate BCH. The chances are quite high that it reaches a four digit USD value and stays above this level.
I agree with that. The BCC is pumped by the community with good amount of money or bitcoin.
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HanvanBitcoin
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August 19, 2017, 11:36:31 AM |
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I think many people unterestimate BCH. The chances are quite high that it reaches a four digit USD value and stays above this level.
I agree with that. The BCC is pumped by the community with good amount of money or bitcoin. Yes, and the pump aint over by any means. I expect atleast 800 euro+ today.
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* BTC~One day we'll all be living like kings!~BTC *
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Sammy2000
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August 19, 2017, 12:18:26 PM |
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I think many people unterestimate BCH. The chances are quite high that it reaches a four digit USD value and stays above this level.
I agree with that. The BCC is pumped by the community with good amount of money or bitcoin. Yes, and the pump aint over by any means. I expect atleast 800 euro+ today. Why do you expect it to get to 800 euro+ today? Is there a specific trigger that caused this pump?
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HanvanBitcoin
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August 19, 2017, 12:20:08 PM |
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I think many people unterestimate BCH. The chances are quite high that it reaches a four digit USD value and stays above this level.
I agree with that. The BCC is pumped by the community with good amount of money or bitcoin. Yes, and the pump aint over by any means. I expect atleast 800 euro+ today. 800 euro hit, next stop 1000 euro.
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* BTC~One day we'll all be living like kings!~BTC *
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alyssa85
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CryptoTalk.Org - Get Paid for every Post!
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August 19, 2017, 12:37:59 PM |
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With the recent difficulty corrections and current price, BCH is now more profitable for mining than BTC. Wonder what would happen if all miners progressively change to BCH mining
They would leave a gap on the real Bitcoin hashrate, which would mean that someone mining Bitcoin Cash would go back to mining real Bitcoin, because the difficulty would lower and the price would still be several times higher than Bitcoin Cash. That is the irony, at the end of the day Bitcoin Cash can never get anywhere near the real Bitcoin. As soon as people leave the real Bitcoin to speculate with the Bitcoin Cash hashrate, they will create a new opportunity to mine Bitcoin. It's a constantly leveling-itself system. Yeah - but it will take at least two weeks for the bitcoin hashrate to adjust downwards, and in the meanwhile a bunch of noobs who don't understand what is going on will be panicking about their transactions taking forever to be picked up, and we'd get some panic selling on the exchanges. If the panic selling results in the bitcoin price dropping some more, the profitability of mining BTC drops further and more miners switch. Rinse and repeat. If only we'd just got large blocks a few years ago, we'd be in a different place. Oh well - have kept most of my BCH, so it makes no difference to me which coin takes the top spot.
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