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iamTom123 (OP)
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December 20, 2017, 08:06:47 AM |
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Today, Bitcoin is declared to be dead again as BitcoinCash is surging so high into the atmosphere as many people are expressing their complaints on Bitcoin's astronomical transaction fees and questionable speed. There is a movement right now in the market expressing a big dismay or disappointment on Bitcoin as this is not the Bitcoin that we are supposed to have. Bitcoin enthusiasts are recognizing this problem and hoping that soon the problem can be given adequate and acceptable solutions. Have you already said your goodbye to Bitcoin and hello to BitcoinCash? Do you think the Lightning Network does have the chance to save Bitcoin even temporarily? |
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"With e-currency based on cryptographic proof, without the need to
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effortless." -- Satoshi
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ZainSpider
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December 20, 2017, 08:09:16 AM |
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Why you think its dead? Its just a price drop, pretty normal in crypto world, If this you consider a dead then bitcoincash stays dead 99% of the year lol.
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TheQuin
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December 20, 2017, 08:12:15 AM |
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I agree Bitcoin is dead *places large buy order at $14,000*
Lightning Network is far more than a tempory solution, it's the only feasible scaling solution in site. Bcash is only cheap to use because demand is so low. The recent tests of LN on the live network show it is almost ready to launch. Bitcoin is far ahead in adoption and the furthest ahead in developing a scaling solution. That is a very good reason to back Bitcoin in this race and not get distracted by the noises around.
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onetimemoney
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Activity: 1
Merit: 0
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December 20, 2017, 08:32:03 AM |
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Even if 1% of online transaction(shopping etc) in future happens to be in bitcoin then it's network will be dead.
don't think it's coin for future. Just reap in benefits till it's alive and mooning.
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MrCrank
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December 20, 2017, 08:46:07 AM |
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Don't panic! Bitcoin is not dead  Bitcoin has huge potential to rise now. I think it's time to buy it. |
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tiggytomb
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Activity: 1848
Merit: 1000
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December 20, 2017, 08:50:33 AM |
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This is a testing time for bitcoin right now, as there are a lot of new people coming in and discovering bitcoin and the crypto world, it is a shame that this is the time when bitcoin is suffering the most with crazy high fees and slow transaction times.
It is an ideal opportunity for bitcoin cash to start getting themselves across with faster transaction times and so on, they are not shy about this and we can see now that it has been added to Coinbase it will only increase.
I would not say bitcoin is dead at all, bitcoin will move out of daily payments where transaction need to be quicker and cheaper and move over to a store of value, bitcoin cash can then move into a currency for daily payments.
There is room for both.
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carriebee
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December 20, 2017, 08:50:39 AM |
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There is someone saying bitcoin is dead, if you have notice the price of btc it is pump and dump. Bitcoin has always the ability to pump its value anytime. In bitcoin cash Im not sure if the price will stay on top or eventually it will dump to the price it is.
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13abyknight
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December 20, 2017, 08:51:37 AM |
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More reasons to buy the dip as Bitcoin cash is pretty evidently being pumped by Coinbase's move. Soon enough, get ready to watch the rolls being reversed as the hype train derails and Bitcoin cash begins plummeting.
As TheQuin stated above, Lightning Network is a solution for the longer run to resolve scalability issues that the core is hurdled with and is focused on delivering much more than a temporary way out.
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Dapper
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December 20, 2017, 08:51:47 AM |
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Btc at its current prices is still a dream come true.
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sent from my X6
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synapsisxxx
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Decentralization shall be the end of the Old World
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December 20, 2017, 08:53:52 AM |
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TIME TO BUY! |
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ManaMan
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Activity: 238
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December 20, 2017, 08:59:00 AM |
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Today, Bitcoin is declared to be dead again as BitcoinCash is surging so high into the atmosphere as many people are expressing their complaints on Bitcoin's astronomical transaction fees and questionable speed. There is a movement right now in the market expressing a big dismay or disappointment on Bitcoin as this is not the Bitcoin that we are supposed to have. Bitcoin enthusiasts are recognizing this problem and hoping that soon the problem can be given adequate and acceptable solutions. Have you already said your goodbye to Bitcoin and hello to BitcoinCash? Do you think the Lightning Network does have the chance to save Bitcoin even temporarily? This should concern us to look about raising the blocksize? If not to much at least little, even Andreas ( https://youtu.be/vPnO9ExJ50A?t=5m58s) talks that raising the blocksize should be concerned even with LN. I don't know why some people do the things they do but they are costing this industry billions of dollars. It's strange we get over 200k unconfirmed transactions and suddenly we enter the "flipping process" for BCH, if nothing changes we can't wait for LN for ages to come BCH or any other alt such as Dash or even Ethereum it self will crush bitcoin in the long run. Bitcoin has brand let's make it something that we all can use and enjoy using it. I mean if everyone switch to another alt I may do that in future as well, since we all can agree that bitcoin is not that much usable, it doesn't really have big use as network is overloaded with transactions... this has been here for like 2-3years I think. Let's take action? No? I doubt that people will care about my opinion and opinion of others all they care is price... there's more meaning in all of this rather than just money. |
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TakeTheTrashOut
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December 20, 2017, 09:03:58 AM |
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The first question anyone should ask when something like this happens is "What caused it?"
As you now know, in this case it was Coinbase transferring BTC holdings into BCH for those that had requested it prior to the fork on August 1st. This means that despite what many will believe, it was NOT a major sell-off. Of course, now that Coinbase is offering BCH there may be many more buying into it, especially having seen growth of over 50% in under 24 hours, but these people will be doing so because:
a) they didn't know what caused that sudden hike, and
b) they buy what they consider to be most popular, and never take advantage of the dips.
I don't know if BTC will recover and hit the $20k mark this year but it is very likely to do that in January. BTC still retains the largest market cap (over 5x greater than BCH) and will undoubtedly rise to incredible heights in 2018.
Roger Ver may claim his product is superior, and that may well be true, BUT he has not understood that you do not have to have the best product in order to win the largest market share. Just look at the auto and technology industries if you don't believe me.
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Marileno
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✔ Crypto portfolio | ✔ Telegram/APP
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December 20, 2017, 09:05:48 AM |
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Dead? Forget the daily fluctuations. Just look at the long term trend. When something goes up so damn fast it is natural for there to be pull backs and profit taking starts to incorporate itself into the dynamics. All of this is just noise.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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December 20, 2017, 09:09:11 AM |
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Dead again? How many times exactly we have read such stupid announcements this year?
I'm getting tired of such posts and fullish Bitcoin cash promotions, endless complainig on fees etc. And I have very simple solution for such users - if you don't like Bitcoin just stop using it and all your problems will be solved.
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ManaMan
Member
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Activity: 238
Merit: 38
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December 20, 2017, 09:10:29 AM |
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The first question anyone should ask when something like this happens is "What caused it?"
As you now know, in this case it was Coinbase transferring BTC holdings into BCH for those that had requested it prior to the fork on August 1st. This means that despite what many will believe, it was NOT a major sell-off. Of course, now that Coinbase is offering BCH there may be many more buying into it, especially having seen growth of over 50% in under 24 hours, but these people will be doing so because:
a) they didn't know what caused that sudden hike, and
b) they buy what they consider to be most popular, and never take advantage of the dips.
I don't know if BTC will recover and hit the $20k mark this year but it is very likely to do that in January. BTC still retains the largest market cap (over 5x greater than BCH) and will undoubtedly rise to incredible heights in 2018.
Roger Ver may claim his product is superior, and that may well be true, BUT he has not understood that you do not have to have the best product in order to win the largest market share. Just look at the auto and technology industries if you don't believe me.
Why would coinbase transfer BTC to BCH for holders that requested that? They and everyone else who has priv key got an equivelent of coins on the BCH blockchain since it split, they do not need to do this. |
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worldofcoins
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December 20, 2017, 09:13:49 AM |
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I agree Bitcoin is dead *places large buy order at $14,000*
Lightning Network is far more than a tempory solution, it's the only feasible scaling solution in site. Bcash is only cheap to use because demand is so low. The recent tests of LN on the live network show it is almost ready to launch. Bitcoin is far ahead in adoption and the furthest ahead in developing a scaling solution. That is a very good reason to back Bitcoin in this race and not get distracted by the noises around.
exactly let them sell us cheap bitcoins, There are alot of fud bitcoin cash pumpers now. bitcoin price will only triple once the Lightning network is on track with Bitcoin. Wait and see. Put ur money into ETH and Bitcash and then dump once u make a feasible profit and put it back into BTC once the price reaches low enough, you are going to make a killing |
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kiboloves
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December 20, 2017, 09:13:59 AM |
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Today is a good time to buy, has fallen from the high point 15% this is the normal adjustment of the market, there is no need to be too panic. About BCH, there are not many investors to enter. Now the pull up price has great funds and independent operation. We should not enter BCH at this time and stick to our BTC. I believe our choice is right.
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ogini
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December 20, 2017, 09:14:52 AM |
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what make you feel that bitcoin is dead,this a volatile coin we all know it will raise and fall at anytime but this dose not mean that the currency is dead ,it happen so many times.
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aannnttoo
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December 20, 2017, 09:18:58 AM |
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bitcoin not dead BTC is headed down for correction. Be careful trading in this market. Buy whenever it deeps |
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