BITCOIN DIAMOND IS UP OVER 90%TODAY
The current price of Bitcoin Diamond is sitting at around $34. Some Korean exchanges are currently pricing it at over $90. Koreans seem to really like Bitcoin Diamond, but it is slightly suspicious. We are seeing a very similar behavior as we did with Bitcoin Cash. Bitcoin Diamond is currently pushing to new highs and it can't be ignored.
But what exactly is Bitcoin Diamond
Bitcoin Diamond was another hard fork created from Bitcoin fork earlier in the middle of November. The coin has essentially just been deployed and it is starting to receive a ton of attention. Back in November the coin was not yet released hence the reason no one has really heard much about it until now.
Bitcoin has a good amount of issues that need to be resolved and Bitcoin Diamond is here in hopes of doing just that. Starting out, there is no true anonymity with using Bitcoin and this is a major issue for a lot of people. The goal of Bitcoin Diamond is to do just that. It will aim to offer 100% privacy and anonymity for its users. With this fork developers have created a mechanism in which to encrypt transaction sums and balances for all of its underlying users. There are often comparisons to Monero in terms of its capabilities, but not to the extent that Monero has.
INCREASED SUPPLY
BCD claims that it will provide much faster transactions due to its 8MB block size limit. Another important factor to BCD is the fact that it has a 10x1 ration in supply to that of Bitcoin, meaning it will have a lot more coins (210 million) in circulation, making it more elastic.
There isn't a ton of changes in Bitcoin Diamond that will make it extremely superior than other coins and people are wondering if its just using the Bitcoin brand to make the developers rich. Bitcoin Diamond is already supported by some major exchanges right off the bat. Some exchanges are even pricing it at 3-5 times that of others which is a big concern.
it could just be a few big traders trying to FOMO some noobs and cashout when they have drawn enough peeps BCD is a bit shitcoin to me I won't touch it.
yea that's what it seems like to me
Might be a shitcoin, but it's still a profitable one ;) Trading isn't personal, it's business, and numbers do not lie.
well one year later the coin is still here in the top 50, with a decent amount of trading daily...
as you stated, the best is still to stay pragmatic in this case
THANK FOR THE INFORMATION @kv151
