Oh No, Bitcoin is DEAD?! Should I Get All My Money Into BCH Now? Relax and Read.

[Bruce Wayne]

Well look at you - one of the people that logged onto their computer today to do some homework and find out what exactly is going on, before they sold all their BTC for BCH.  

Let me just clear the air.

BITCOIN, is not dead.  

It will never "die".

So calm down.

I spoke to 11 people today that called me asking if BITCOIN CLASSIC WAS SHUTTING DOWN???

Yep it is.  But who F$5king cares? BITCOIN CORE aka LEGACY - is NOT BITCOIN CLASSIC. 

This is a BIG THING to keep in mind.  Most of these idiots have no clue what is what and they hears a small, shit chain that was never really in the mix with any substantial hash power , ike Bitcoin Classic is shutting down - coupled with articles that do nothing more than spread FUD while they have thier own agenda to promote on CoinTelegraph, make it appear that Bitcoin itself is shutting down.

THIS IS WHY EVERYONE IS PUTTING TONS OF MONEY INTO BITCOIN CASH. 

IT IS MASSIVELY OVERBOUGHT.


First off, stop panicking about Bitcoin dropping.  I said it would and everyone that has been in this game for a minute - knows exactly what is going on.  Its a price correction.  Thats all.  

Bitcoin surged to insane highs last week ahead of the proposed fork, due, in part to the news of the CME futures, and in part based on the "free money" aspect we all hoped for.

Now that Segwit has been called off some of the developers that were pushing for the 2x are backing the shit out of Bitcoin Cash as , essentially "plan B."

Bitcoin Cash will NOT be rebranded at Bitcoin.  I can all but promise that.  What I do believe is happening is that there is a TON of FUD spreading that , you may see BITCOIn drop to 5000 or 4000 and BCH hit well over $1000 and who knows - maybe it overtakes Bitcoin!

Sorry, but it aint happening.  

Bitcoin is a store of value.  I know little mutumbo needs to pay his uncle in zimbabwe so he spends bitcoin, but his $4.00 purchase isnt moving the price action or volume.  

The whales, like banks, big investors and hedge funds are the ones that really set the price for Bitcoin.  

Big money isnt buying 50M of Bitcoin because they are paying people in Bitcoin. THEY ARE DOING IT AS A STORE OF VALUE.


BUT WHAT DOES THIS ALL MEAN?!  

I do believe BCH has its place in the market and will take some value from BTC.  I personally have 15% of my BTC in BCH.  Thats it, and thats all its ever gonna get.  

Frankly I think you are an idiot if you sold all your BTC for BCH.  It shows you dont understand the market, trends, charts or investing.  It only shows that you think you are a genius because you can jump on a bandwagon.  

The developers Ive spoken too and some of the NYA agreement signers are all on the same page with me on this one.  We all feel that Bitcoin will do what it always does.  Shake off the loose leaves with a price correction (this is a very good thing in the big picture) and continue its upward trend.  

Short term I think Bitcoin Cash will rise as high as 1/4th the value of Bitcoin.  But as soon as Bitcoin hits $10k and it is going to hit $10k - we are going to see BTC dump to under 1/10th of the value.

When we step back out of this small world we nerd live in and look at the BIG picture we can more clearly see that Bitcoin has undergone this up-n-down sequence many many times and we always find a way to get scared.  

Oh no - its China, should I sell???  Oh wait, Jaime Dimon said its a scam, should I sell?? Crap ICOS are going to be regulated, should I sell?

No.  YOU SHOULD DIVERSIFY.

Put 10-15% of your BTC into BCH and stop checking your damn Blockfolio  like a crack addict looking for his next score.  

Its going to be ok.

[alimnts]

what should we do to get btc like us

What is the BTC forecast drop limit?

[walonek]

What an emotional far cry... Heh ppl does not learn

[Bruce Wayne]

Well look at you - one of the people that logged onto their computer today to do some homework and find out what exactly is going on, before they sold all their BTC for BCH.  

Kudos to you sir.

Let me just clear the air.

BITCOIN, is not dead.  

It will never "die".

So calm down.

I spoke to 11 people today that called me asking if BITCOIN CLASSIC WAS SHUTTING DOWN???

Yep it is.  But who F$5king cares? BITCOIN CORE aka LEGACY - is NOT BITCOIN CLASSIC.  

This is a BIG THING to keep in mind.  Most of these idiots have no clue what is what and then hear a small shit chain that was never really in the mix with any substantial hash power , AKA Bitcoin Classic, is shutting down - coupled with articles that do nothing more than spread FUD while they have their own agenda to promote on CoinTelegraph, make it appear that Bitcoin itself is shutting down.

THIS IS WHY EVERYONE IS PUTTING TONS OF MONEY INTO BITCOIN CASH.  

IT IS MASSIVELY OVERBOUGHT.

First off, stop panicking about Bitcoin dropping.  I said it would, and everyone that has been in this game for a minute - knows exactly what is going on.  Its a price correction.  Thats all.  

Bitcoin surged to insane highs last week ahead of the proposed fork, due, in part to the news of the CME futures, and in part based on the "free money" aspect we all hoped for.

Now that Segwit has been called off some of the developers that were pushing for the 2x are backing the shit out of Bitcoin Cash as , essentially "plan B." And you have idiots doing articles that the CLASSIC BITCOIN IS DEAD - not helping.

Bitcoin Cash will NOT be rebranded at Bitcoin in May.  We cannot get everyone on the same page regarding a fork, yo think we are going to get everyone to agree to call one of the OTHER forked versions bitcoin?  LMAO.

Not so far as mI can all but promise that.  What I do believe is happening is that there is a TON of FUD spreading that , you may see BITCOIn drop to 5000 or 4000 and BCH hit well over $1000 and who knows - maybe it overtakes Bitcoin!

Sorry, but it aint happening.  

Bitcoin is a store of value.  I know little mutumbo needs to pay his uncle in zimbabwe so he spends bitcoin, but his $4.00 purchase isnt moving the price action or volume.  

The whales, like banks, big investors and hedge funds are the ones that really set the price for Bitcoin.  

Big money isnt buying 50M of Bitcoin because they are paying people in Bitcoin. THEY ARE DOING IT AS A STORE OF VALUE.

I know the idea that, well heck maybe I can get 1 or 2 FULL Bitcoin Cash coins, vs 1/10th of a REAL Bitcoin (legacy) sounds cool - but who cares.  If you are in this for the LONG term and want to see the best appreciation of value.  its Bitcoin.  Not Gold, not Cash, not uncle bobs special sauced bitcoin.

Its FOOKING Bitcoin


BUT WHAT DOES THIS ALL MEAN?!  

I do believe BCH has its place in the market and will take some value from BTC.  I personally have 15% of my BTC in BCH.  Thats it, and thats all its ever gonna get.  

Frankly I think you are an idiot if you sold all your BTC for BCH.  It shows you dont understand the market, trends, charts or investing.  It only shows that you think you are a genius because you can jump on a bandwagon.  

The developers Ive spoken too and some of the NYA agreement signers are all on the same page with me on this one.  We all feel that Bitcoin will do what it always does.  Shake off the loose leaves with a price correction (this is a very good thing in the big picture) and continue its upward trend.  

Short term I think Bitcoin Cash will rise as high as 1/4th the value of Bitcoin.  But as soon as Bitcoin hits $10k and it is going to hit $10k - we are going to see BTC dump to under 1/10th of the value.

When we step back out of this small world we nerd live in and look at the BIG picture we can more clearly see that Bitcoin has undergone this up-n-down sequence many many times and we always find a way to get scared.  

Oh no - its China, should I sell???  Oh wait, Jaime Dimon said its a scam, should I sell?? Crap ICOS are going to be regulated, should I sell?

No.  YOU SHOULD DIVERSIFY.

Put 10-15% of your BTC into BCH and stop checking your damn Blockfolio  like a crack addict looking for his next score.  

Its going to be ok.

ONE COIN is Bitcoin. ONe COIN will always be Bitcoin.  Its Bitcoin.

A few minutes after I posted this Charlie Shrem essentially said the same thing in a concise tweet.  


Don’t you have to have started to actually shut down ? How can BitcoinClassic have any relevancy if it never was anything ? Stupid article

[Bruce Wayne]

what should we do to get btc like us

What is the BTC forecast drop limit?

Not sure what you mean by drop limit.  But if you are referring to where the bottom may be for this price correction?

Some people think we could test 5500 - Personally I do not see us going lower than 6320 then back up. Too much FUD right now, but once this sorts itself out, and it will, we will see a ton of new money into BTC in Dec.

Save this thread.

My crystal ball says $8000 Bitcoin in Dec.

[jdlr]

where did Bruce Wayne disappear guys ? ?

he promised a newsletter in early December !

but we haven't heard from him since this old thread

[xPPx]

Brutal day in crypto. I don't care for BCH, but will hedge my BTC with a few. Good luck!

[Oakey22]

what should we do to get btc like us

What is the BTC forecast drop limit?

Not sure what you mean by drop limit.  But if you are referring to where the bottom may be for this price correction?

Some people think we could test 5500 - Personally I do not see us going lower than 6320 then back up. Too much FUD right now, but once this sorts itself out, and it will, we will see a ton of new money into BTC in Dec.

Save this thread.

My crystal ball says $8000 Bitcoin in Dec.

Wasn't far out with this prediction, can I borrow your crystal ball sometime? I have to agree with it being overbought though. Every man and his dog was buying it and the latest minute rise of the alts was the whales moving out of btc in to alts. Then they sold it all.

[Imfinnabeon]

My favorite part was "stop checking your Blockfolio like a crack addict" haha if that ain't the truth I don't know what it is. It would be extremely short-sighted if one sold all their BTC for BCH that flippening isn't happening at least not at the moment. Good point to diversify though I think most people over look at that aspect as well or are too aggressive with their strategies.

[kumara]

Well look at you - one of the people that logged onto their computer today to do some homework and find out what exactly is going on, before they sold all their BTC for BCH.  

Let me just clear the air.

BITCOIN, is not dead.  

It will never "die".

So calm down.

I spoke to 11 people today that called me asking if BITCOIN CLASSIC WAS SHUTTING DOWN???

Yep it is.  But who F$5king cares? BITCOIN CORE aka LEGACY - is NOT BITCOIN CLASSIC. 

This is a BIG THING to keep in mind.  Most of these idiots have no clue what is what and they hears a small, shit chain that was never really in the mix with any substantial hash power , ike Bitcoin Classic is shutting down - coupled with articles that do nothing more than spread FUD while they have thier own agenda to promote on CoinTelegraph, make it appear that Bitcoin itself is shutting down.

THIS IS WHY EVERYONE IS PUTTING TONS OF MONEY INTO BITCOIN CASH. 

IT IS MASSIVELY OVERBOUGHT.


First off, stop panicking about Bitcoin dropping.  I said it would and everyone that has been in this game for a minute - knows exactly what is going on.  Its a price correction.  Thats all.  

Bitcoin surged to insane highs last week ahead of the proposed fork, due, in part to the news of the CME futures, and in part based on the "free money" aspect we all hoped for.

Now that Segwit has been called off some of the developers that were pushing for the 2x are backing the shit out of Bitcoin Cash as , essentially "plan B."

Bitcoin Cash will NOT be rebranded at Bitcoin.  I can all but promise that.  What I do believe is happening is that there is a TON of FUD spreading that , you may see BITCOIn drop to 5000 or 4000 and BCH hit well over $1000 and who knows - maybe it overtakes Bitcoin!

Sorry, but it aint happening.  

Bitcoin is a store of value.  I know little mutumbo needs to pay his uncle in zimbabwe so he spends bitcoin, but his $4.00 purchase isnt moving the price action or volume.  

The whales, like banks, big investors and hedge funds are the ones that really set the price for Bitcoin.  

Big money isnt buying 50M of Bitcoin because they are paying people in Bitcoin. THEY ARE DOING IT AS A STORE OF VALUE.


BUT WHAT DOES THIS ALL MEAN?!  

I do believe BCH has its place in the market and will take some value from BTC.  I personally have 15% of my BTC in BCH.  Thats it, and thats all its ever gonna get.  

Frankly I think you are an idiot if you sold all your BTC for BCH.  It shows you dont understand the market, trends, charts or investing.  It only shows that you think you are a genius because you can jump on a bandwagon.  

The developers Ive spoken too and some of the NYA agreement signers are all on the same page with me on this one.  We all feel that Bitcoin will do what it always does.  Shake off the loose leaves with a price correction (this is a very good thing in the big picture) and continue its upward trend.  

Short term I think Bitcoin Cash will rise as high as 1/4th the value of Bitcoin.  But as soon as Bitcoin hits $10k and it is going to hit $10k - we are going to see BTC dump to under 1/10th of the value.

When we step back out of this small world we nerd live in and look at the BIG picture we can more clearly see that Bitcoin has undergone this up-n-down sequence many many times and we always find a way to get scared.  

Oh no - its China, should I sell???  Oh wait, Jaime Dimon said its a scam, should I sell?? Crap ICOS are going to be regulated, should I sell?

No.  YOU SHOULD DIVERSIFY.

Put 10-15% of your BTC into BCH and stop checking your damn Blockfolio  like a crack addict looking for his next score.  

Its going to be ok.

I think BTC is not done yet by a long shot. But the day is approaching when the behemoth will be no more. Why? because it no longer serves any real funtion and like a dinosaur it is not in it's DNA to survive. But it will live at least another 5 years.

[krayzie32]

Nothing dies. It is just an adjustment of the market. At the end of years, many investors wanna receive money after 1 long time trading. So they have sold their coin. But in 2018, they will buy again when the price is low

[Minecache]

No need to panic! Bitcoin is alive, just fell in price. If you bought Bitcoin don't need to go out during a panic. This is silly. Wait a few days and the situation will change completely.

[Inkdatar]

I dont prefer converting btc to bitcoin cash, this is the market that may goes up and down. I think this is the correction of the btc value that got climb these past few weeks. Yes dont panic as most said even the decline is huge price of bitcoin will be back again to huge.

[mafostedu]

You are right, but a lot of people are being afraid of losing their money and that is why they make the "flippening" and convert all their bitcoins to bitcoin cash, only because they are AFRAID, and if they are afraid, they can not be longer in here.

[desciglio2]

I like this article very much. Many people are constantly criticizing Bitcoin.
Bitcoin will always keep your strength 

[hdclover]

Thanks for writing this article!
Often newbies will get confused by the terms Bitcoin and Bitcoin classic. Actually this was the best clever marketing strategy by Bitcoin cash pumpers! Yes these type of statements often confuse newbies and they would end up buying Bitcoin cash as Bitcoin.

[Qrivium]

Thanks for this and sound advice to put a little into BCC

[BERMUDAL]

honestly, bitcoin is shit in my eyes. The true value bitcoin offers and will remain to offer is: Image branding. 'the first cryptocurrency' 'the biggest crypto' (even after it loses top position). And yes i am fine with that. Bitcoin was a great and nice thing. it opened up a market for improved alt coins who will try to serve a purpose.

I don't say; dump bitcoin blablabla. I'm merely suggesting that i don't believe in bitcoin ever being a means of payment for the average joe. It's great for speculation, store of value (in the future) and be a shiny beacon for the blockchain revolution.

- i also hold bitcoin by the way -

[Peter1984]

I am bullish on certain alts (more than on BTC) but people are spreading a dangerous narrative (”BTC is bad tech”) and they want Bitcoin to fail, not realizing that this would crash the entire crypto space for a very long time. (For example, what would be the point of Eth being 0.5 BTC if the dollar price would be 10$?) A failing Bitcoin would destroy market sentiment, mainstream would turn its back.

There are lots of upgrades coming up for BTC, better to implement slow but safely, Bitcoin doesn’t have to be ready today it has to be ready for the future. Bcash was only invented because Segwit breaks Jihans Asic Boost exploit but so many have swallowed their crooked propaganda.

[VeeTeaSee]

i dont even trying to read the post because subjects like this "BTC is dead?!" are completely useless
yes it has its struggles right now with fee's and heavy network
but it also was accepted in NY futures and its being accepted more and more
i dont see BTC dying and BCH and BCH wont perform much better if it takes BTC place