I'M GETTING REALLY ANGRY! WTF is happening with this BTC/BCH crap!

[Matt6515]

I must admit that I only started investng in Bitcoin at around the $3000 price, but I saw it soar to nearly $8k in anticipation of the Seg2 split....which is now void...and the price is instantly plummeting as Bitcoin Cash is soaring?  WTF!  I've lost $2k in Btc in 48 hours?  Is BTC going to continue spiralling downward and for how long?  What is the bottom going to be?  Am I supposed to just transfer everything to Bitcoin Cash?  

Advice for a noob?  Thanks kindy!

EDIT:  OR DOES ANY OF THIS HAVE TO DO WITH TOMORROW'S  BITCOIN GOLD FORK?

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[cpfreeplz]

Advice for a newb? Look at how Bitcoin Cash has always worked in the past. days of massive pumps and massive volume, huge price increases and everyone is so happy, the "NEW" "AMAZING" Bitcoin will sweep away the competition... Then the pumping stops. People run out of money. People start to sell off because they had been to lazy to bother colllecting their Bitcoin Cash and then there is a new all time low yet again. It's already done this at least twice from what I remember.

[TangentC]

I must admit that I only started investng in Bitcoin at around the $3000 price, but I saw it soar to nearly $8k in anticipation of the Seg2 split....which is now void...and the price is instantly plummeting as Bitcoin Cash is soaring?  WTF!  I've lost $2k in Btc in 24 hours?  Is BTC going to continue spiralling downward and for how long?  What is the bottom going to be?  Am I supposed to just transfer everything to Bitcoin Cash?  

Advice for a noob?  Thanks kindy!

Rumors are Big money is moving everything to Bitcoin Cash and that they are going to destroy Core version of bitcoin.
It looks to be truthful , when you look at the trading volumes and the price changes.

Smart move , dump core's coin and move into fiat or bitcoin cash, at least for the next few weeks.
 

[TheGodson]

Advice for a newb? Look at how Bitcoin Cash has always worked in the past. days of massive pumps and massive volume, huge price increases and everyone is so happy, the "NEW" "AMAZING" Bitcoin will sweep away the competition... Then the pumping stops. People run out of money. People start to sell off because they had been to lazy to bother colllecting their Bitcoin Cash and then there is a new all time low yet again. It's already done this at least twice from what I remember.

Not like this though. This pump is HUGE! Haven't seen anything this big in the crypto world yet. I'm riding the BCH pump to $1993. Then I shall scoop a profit. I actually expect it to go much higher than this, but I'm fairly cautious with my money.

[Matt6515]

Rumors are Big money is moving everything to Bitcoin Cash and that they are going to destroy Core version of bitcoin.
It looks to be truthful , when you look at the trading volumes and the price changes.

Smart move , dump core's coin and move into fiat or bitcoin cash, at least for the next few weeks.
 
[/quote]

Thanks dude.  That;s what I am reading too.  But I only have Coinbase.  Kraken takes 1-5 BIZ days to receive a deposit.  By then, I will lose out.  Was going to BUY a BCH rther than use by Coinbase BTC to trade it to BCH.  But maybe I should do the latter.  Unless someone can tell me how I can buy BITCOIN CASH INSTANTLY!!!!!!!!!!!!

[knight22]

One blockchain scales and the other probably never will.

compute.

[cpfreeplz]

Advice for a newb? Look at how Bitcoin Cash has always worked in the past. days of massive pumps and massive volume, huge price increases and everyone is so happy, the "NEW" "AMAZING" Bitcoin will sweep away the competition... Then the pumping stops. People run out of money. People start to sell off because they had been to lazy to bother colllecting their Bitcoin Cash and then there is a new all time low yet again. It's already done this at least twice from what I remember.

Not like this though. This pump is HUGE! Haven't seen anything this big in the crypto world yet. I'm riding the BCH pump to $1993. Then I shall scoop a profit. I actually expect it to go much higher than this, but I'm fairly cautious with my money.

Erm. You aren't cautious with your money lol.

Also, I sold my BCH over .2 at the last massive pump from 0.07-0.2 so yeah, this isn't anything new for BCH. the usually manipulation because so few are actually on the market compared to Bitcoin. Then people slowly think "Yeah I'd better crack open that paper wallet and sell this while it's at a high price." None of this is brought on because people think Bitcoin Cash is somehow better than Bitcoin.

[TangentC]

Bitcoin Cash is somehow better than Bitcoin.

I answer for you.

Bitcoin Cash
Cheaper fees
Faster translations
Market Price keeps going up

Old Core version of Bitcoin
Fees Too High, no can afford
Transactions takes a week or more now
Market Price keeps dropping

So for me, since I want make more money not less.
Bitcoin Cash is Better coin. 

[Cryptotally]

There's a lot of love for Bitcoin by the developers, but if Bitcoin loses it's crown I bet that a lot will go over to BCH.

Ultimately, Bitcoin lost the ability to become usable currency. If business goes to BCH, then they lose the ability to be a store of value too.

[Kloug]

Advice for a newb? Look at how Bitcoin Cash has always worked in the past. days of massive pumps and massive volume, huge price increases and everyone is so happy, the "NEW" "AMAZING" Bitcoin will sweep away the competition... Then the pumping stops. People run out of money. People start to sell off because they had been to lazy to bother colllecting their Bitcoin Cash and then there is a new all time low yet again. It's already done this at least twice from what I remember.

They don't run out of money, they just convert their BTC's.

Really, this doesn't look like a joke anymore, buying BCH now is about saving  your money, not making profit anymore.
We're lucky that BCH is not traded on all exchanges, this would have happened more quickly

[Kloug]

Bitcoin Cash is somehow better than Bitcoin.

I answer for you.

Bitcoin Cash
Cheaper fees
Faster translations
Market Price keeps going up

Old Core version of Bitcoin
Fees Too High, no can afford
Transactions takes a week or more now
Market Price keeps dropping

So for me, since I want make more money not less.
Bitcoin Cash is Better coin.  

101% certain that those who went BCH do not give a f*** about what it really is. Otherwise they would have done that earlier.
It was first about profit, now it's about saving the boat.
I believe that once the BCH reaches half of the BTC's value, you will be losing a lot.
That is, if the BCH reaches 2500 (& it's close) while the BTC falls to 5000, I don't think you have any way of recovering this anymore.

If I break even from the crap that's happening, I'm leaving cryptotrading.

[The Sceptical Chymist]

To paraphrase Jesse Livermore: Fear, greed, and hope are a trader's worst enemies.

Sounds like OP has too much emotion going on here.  If you're getting pissed off, losing sleep, whatever--maybe you should take a step back and reevaluate your plan.   Bitcoin has been through much worse than this and I wouldn't fret.  If you didn't sell, then your losses are only on paper so far.  You only lose money when you sell.

*sigh*  I just sold a bunch of bitcoin out of necessity.  If only I had the dough I'd be buying right now.

[stompix]

I must admit that I only started investng in Bitcoin at around the $3000 price, but I saw it soar to nearly $8k in anticipation of the Seg2 split....which is now void...and the price is instantly plummeting as Bitcoin Cash is soaring?  WTF!  I've lost $2k in Btc in 48 hours?  Is BTC going to continue spiralling downward and for how long?  What is the bottom going to be?  Am I supposed to just transfer everything to Bitcoin Cash?  

Advice for a noob?  Thanks kindy!

You lost 2k of the possible money you might have got if you would have sold at 8000.
Just like how I lost a thousand times for not selling at the highest point and buying at the lowest.
Look at the bright side you have doubled your money even at this point.
Of course you might switch to BCH and once the pump is done you might end with 300 instead of 3000.

Oh, and about the future price, I'm going to tell you once I get a new globe on Black friday. My old one is in the shop and is getting the wrong predictions.
Really now, who do you think has the right answer when this is going to end?

[Kloug]

Of course you might switch to BCH and once the pump is done you might end with 300 instead of 3000.

& if it doesn't happen, you are screwed.

[ClownSpider]

Someone said BTC takes WEEKS for transactions?  ha ha.
Bitcoin transactions are INSTANT with fees, and 1 hour, or 2 hour, or 3 hour if you select lower fees.
Fees are not high.
There is ZERO reason for BTC to change or update anything.  The Block size does NOT matter, NOR effect Transaction speed.

Smaller blocks move faster than larger BCH blocks.

Bitcoin has retail and developer support.
Bitcoin is accepted by overstock.com, godaddy.com 300,000 retailers in Japan.. etc etc etc etc etc.
BCH is accepted by NOBODY except crypto exchanges, and person to person. 

Bitcoin is accepted, BCH is not.
In fact, without Bitcoin, BCH has ZERO value because BCH is not even accepted on the black markets.

[Matt6515]

[/quote]


I answer for you.

Bitcoin Cash
Cheaper fees
Faster translations
Market Price keeps going up

Old Core version of Bitcoin
Fees Too High, no can afford
Transactions takes a week or more now
Market Price keeps dropping

So for me, since I want make more money not less.
Bitcoin Cash is Better coin. 


Sooo.....which platform re you using where the fees are low.  I'm on coinbase now and thinking of heading over to Kraken (?)  Thx

[/quote]

[Ray10k]

Someone said BTC takes WEEKS for transactions?  ha ha.
Bitcoin transactions are INSTANT with fees, and 1 hour, or 2 hour, or 3 hour if you select lower fees.
Fees are not high.
There is ZERO reason for BTC to change or update anything.  The Block size does NOT matter, NOR effect Transaction speed.

Smaller blocks move faster than larger BCH blocks.

Bitcoin has retail and developer support.
Bitcoin is accepted by overstock.com, godaddy.com 300,000 retailers in Japan.. etc etc etc etc etc.
BCH is accepted by NOBODY except crypto exchanges, and person to person. 

Bitcoin is accepted, BCH is not.
In fact, without Bitcoin, BCH has ZERO value because BCH is not even accepted on the black markets.

well i'm currently waiting 30 hours for my transaction so it takes really long, and in the mean time the price goes down and i cannot do anything..

[Yakamoto]

I must admit that I only started investng in Bitcoin at around the $3000 price, but I saw it soar to nearly $8k in anticipation of the Seg2 split....which is now void...and the price is instantly plummeting as Bitcoin Cash is soaring?  WTF!  I've lost $2k in Btc in 48 hours?  Is BTC going to continue spiralling downward and for how long?  What is the bottom going to be?  Am I supposed to just transfer everything to Bitcoin Cash?  

Advice for a noob?  Thanks kindy!

Can't tell you much that you'll believe since most of the time it requires for you to actually experience it, but just keep in mind that Ethereum was toted as a "Bitcoin killer" soon after it was first released, and it made some significant gains, but it slowed and sat in the position it is now. It's not a Bitcoin killer, and likely won't ever be, and yet this forum was filled to the brim with such statements.

I can't tell you what to do at all. All I know is that, based on my past experience, it will make gains, slow, and then we will return to normal, in my opinion.

[Nerman]

It is really hard being cool when you see your investment going down, that is why emotions play a big role on investing not just technical skills. I think no one has expected the aky rocket price of bitcoin cash. Just hold your bitcoin because i am pretty sure that bitcoin will recover.

[Zocadas]

Someone said BTC takes WEEKS for transactions?  ha ha.
Bitcoin transactions are INSTANT with fees, and 1 hour, or 2 hour, or 3 hour if you select lower fees.
Fees are not high.
There is ZERO reason for BTC to change or update anything.  The Block size does NOT matter, NOR effect Transaction speed.

Smaller blocks move faster than larger BCH blocks.

Bitcoin has retail and developer support.
Bitcoin is accepted by overstock.com, godaddy.com 300,000 retailers in Japan.. etc etc etc etc etc.
BCH is accepted by NOBODY except crypto exchanges, and person to person.  

Bitcoin is accepted, BCH is not.
In fact, without Bitcoin, BCH has ZERO value because BCH is not even accepted on the black markets.

In the last days, as Segwit2x end was announced, the fees went up significantly and transaction time went up. This is the way to bring Bitcoin to its end. But hope, it is a tempotarly trend, because I kept Bitcoin, although I spent nearly 30% fees for a transaction, what is in my eyes not ok.