RE: BITCOIN (BTC) Morning Update: Short Term Target $23,743 or HIGHER!!

Not that much. The Roger Ver disciples are making another attack while we speak, pumping BCH with all they have. They failed this night because Coinbase had to suspend trading BCH as the demand WAS SO HIGH THAT PRICE WENT UP TO $9000...
again, they're already close to 25% BTC value and trying not to let bitcoin climb back above 17k... so while the two bitcoins are destroying each other with passion, we should probably be looking for an alternative. ETH is looking good and LTC should also be rising though it is now falling along with BTC. Then, there's always BTS... bitcoin is stalling right now, may well go into the head and shoulders, while BCH soars.
Most people will immediately change sides and go over to BCH when they realize what's going on - greed is the human motivator... this is why the rebels are investing all they have.
It's do or die for bitcoin, while Wall Street sits laughing in back.
A euphoric scenario for both BCH and BTC ? That's just not going to happen, it's either or.
BCH is going for 4k - https://www.coindesk.com/low-can-bitcoin-go-charts-hint-11k-might-play/ - Will bitcoin from now on be "just another altcoin" ?

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nicholas83 (56) 7 years ago

Roger Ver. That guy.

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jojof (42) 7 years ago (edited)

There's a whole crew pushing BCH, Chinese miners, the "Dollar Vigilante" - they're pretty good at it, too.
They buy youtubers to influence newbies and they have pumping power galore... so they may just succeed in keeping that bitcoin miracle of 20 at Christmas from coming true - now you can earn more hodling BTS these day but not everybody knows that.
It's mostly because BCH mining is more lucrative than BTC mining these days, so they want to make BCH the new norm.

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bits-stib (42) 7 years ago

btc multifold is difficult... bch multifold is easier ... so they took the bitcoin brand and calls the original one bitcoin core (thats funny)... now they jumped ship from btc to bch... and trying to pull everyone on something which they got at cheapest possible price.... they just want more money... res are just bullshit... there are far more better and cheaper alternatives than bitcoin or bch... its that simple

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jojof (42) 7 years ago (edited)

Sure, much better but the BTC legend is founded in it being THE SYMBOL of crypto and "only 21 million, good as gold."
It's psychological.
Now when BTC suffers, ETH and LTC and a lot of the others will also suffer, that's a problem... this is hurting the market on the whole by making it less predictable and attractive for newbies.
I'm staying away from both bitcoins, only consider using them as edge against each other (but in effect, I rather keep my money in fiat instead). I think this is opening up the market for national cryptos as the legend DOES NOT continue, and both bitcoins will lose out to the way better alts.
there will however be whales sticking with bitcoin BTC simply because it's the one and only traditional coin, and exactly that will keep it the "store of wealth" - transactions and fees being entirely irrelevant there. BCH, being the bitcoin prole, can never achieve that status.

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silverminers (17) 7 years ago (edited)

You enjoy paying ridiculously high fees and day long confirmations on BTC?

Well, you have fun with that. People who know what Bitcoin is and how its supposed to work are buying BCH buy the truckload, while new dumb money is rushing into BTC trying to get rich overnight. These newbs are going to get slaughtered, they don't realize they are buying a crippled coin that is basically a ponzi scheme thanks to the inept Core developers.

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cryptonewb (46) 7 years ago

Waiting for the day steem gets that high ;)

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alekim (25) 7 years ago

Was shocked with coinbase adding BCH last night.

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