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Anarchast interview with Bitcoin Core Developer, Jimmy Song:
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Bitcoin Drops Over $2,000 As Bitcoin Cash And Altcoins Skyrocket
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Nope, not gonna happen. Not if BTC can't get these transaction backlog and high transaction fee issues under control.
Why buy BTC anyway? If I have $1K to spend, would I put it in Bitcoin and hope for it to go to $100K (5x increase from here) or would I put it in some $1 alt coin and hope for a 100x increase?
You make real sense.I'm with you. Sold off my btc for steem. Happy now
Haha. Agreed.
Exactly. BTC avg fee $42:
It only went up because of speculation, Coinbase traded for such a short period of time and then locked up due to possible insider trading. What does that mean? Millions of BCH are still locked up that people can not sell and put on the market squeezing the supply of BCH and creating a false increase we are seeing now.
Nope, not buying what your selling.
"Millions of BCH are still locked"
When BCH was below $300 and there were only a handful of wallets that could accept them, there may have not been an incentive to "unlock" them. When BCH hit $2K and most wallets will now translate them, the incentive just got a whole lot greater.
First its Coinbase, soon it will be Bitpay, then the floodgates open!!!
Everything in this space is speculation. We're seeing a massive influx of money into a very small market where few of the investments have established any potential to generate any returns for investors (other than pump/dump).
My expectation: Take profits now and expect a crash. Or hold onto what you got, take the hit, and pray you'll be better off by the end of next year, once this new flood of investors dilutes the power of the legacy investors. Such a tiny amount of the world's wealth is invested in cryptos in December 2017, and I expect to see a rise in value of everything in this space over the next year or two as casual investors enter...
I plan to sell the coins that I don't like and hold the ones I do. Thoughts?
True... I could see this being a ploy to pump up bch, but you have to admit, it does have a future or else coinbase never would have listed it.
The future is now.
getting a coin listed at any exchange is just a money thing those days they want from the devs. a shitload of money for the listing and free coins as a gift. Sure the coin price can develop better with listings on bigger exchanges but don not believe there was a huge money flow into coinbase from BCH before they considered accepting it. There are some nice interviews out there from smaller coins which didnt want to pay millions for the listing.
They probably listed it 1. To get people their bch from august that was promised (and people were raging over) 2. Because some very popular people in the space are pushing for it. Bch doesnt serve more purpose than ltc or dash for example. Besides having the name bitcoin in it i dont vet why people like it so much
Sorry but thats BS. 1: "Millions of BCH are looked up" There are max only 12 Million BCH at all in this world, if 4m lost and 16m minted 2. How you want to know they all want to sell? Look at exchanges around the globe and you see EVERYWHERE the opposite 3. If this increase has ANYTHING to do with Coinbase, why is saw this coming many days ago without even thought about coinbase, just pure from logic?
https://steemit.com/bitcoin/@the.privatier/12-important-things-you-need-to-know-when-deciding-about-investing-in-bitcoin-cash-or-bitcoin
I hope BCH is worth more than BTC someday... Its the real Bitcoin!
Yes I’m frightened to blink at the moment, cheers
I have feeling that alt coin market change when you release some video. From moment of your video about problems of Btc and solution of Bcc, Btc gone down by 7% and Bcc gone up 40%. You change the market Jeff :D
That's funny. If you think one guy with 17K followers on a minor-league social media network can sway a $650 billion market, then this is a bigger ponzi-scheme than even I had imagined!
17k, only? Ok, well that’s practically zero, everyone on this ‘minor leaguer’ has 17k, so that’s nothing. So you’re saying his twitter and fb and YouTube and all that is void then and his following stops here, thanks for clearing that up! Ps, everyone loves bacon!
Lol that is so true. It's amazing to see how easily it is to manipulate these markets if you are a whale.
Good job
That’s the thing, he does away the market. There’s a small handful of people who can and actually do sway the market. By market, I mean us. And by sway, I mean manipulate our opinion. I’ve said it a couple times now but there’s so many of these Bitcoin hater type posts in internet land, I keep repeating myself:
BTC and BCH or bcc, (not to be confused with BitConnect) depending on what exchange you’re on, not to be confused with BCash, that’s yet another piggy back on Bitcoin ...they both take control out of centralized banking hands, right? Coo, just checkin.
Funny choice of words...."piggyback". It implies that Bitcoin is a PIG, which is what it is proving to be! Transaction backlog and excessive fees?
I can't even get my SDB into Bitcoin without waiting 3 days. I'm being told to use ETH, LTC or DOGE. Really??? DOGE???? WTF!!!!!
You know you love bacon, everyone loves bacon.
the problem in bitcoin is the high fees i spend over 20 dollars for just one transaction.
Yes - Bitcoin sucks at the moment. Hopefully the developers can build something that can keep up with the demand.
Screw Bitcoin and Coinbase both. There are better Cryptocurrencies and sites. Coinbase isn't for the serious investor. It's for then newbie...as seen by the price pumps every time a new coin is added, lol.
That is a huge concern. My last transaction was $16, and that was probably two months ago. I saw a video where someone had purchased a tiny amount of BTC, like $20 USD, and paid a $12 fee!! This won't work. Obviously, most are seeing Bitcoin as a store of wealth now, something to buy and hold, which is fine. However, now it looks as though Bitcoin Cash is poised to knock BTC off it's high horse, at least somewhat. People are, of course, free to invest in what they want, but a lot of people may wind up losing a lot of money, over the situation that is unfolding now. I'm thinking that the biggest fortunes from here on out, may very well be made from some of the coins/tokens that are now labeled 'alt.' I don't consider myself to be an expert though, not even close.
I think most people are accepting btc as astore of wealth rather than a daily transaction or small transaction coin. If more users used ltc or another fast coin for daily use im sure btc speeds would increase and fees would be smaller with less congestion. Plus the value of the faster coin of choice would go up
BCH is a strange. I do not believe in this coin.
I'm actually worried about BTCs ability to survive this one. I've never seen the mempool this high. 250k mempool and rising BCH price is a deadly cocktail.
At least steem is up :P
Sound Money - I like that concept. When you don't have anything to lose everything goes down hill. This is so true. I like Jimmy's view.
Bitcoin Cash is derivative of Bitcoin. Why people are investing in Bitcoin cash when Bitcoin is there? I think there is something wrong going on. I hope people will understand it and invest in Bitcoin and it breaks the records. What do you think @dollarvigilante?
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everything to the moon , one time baby
@dollarivigilante As expected! BTC network is TOO SLOW nowadays. How can there be mass adoption? There are approximately 260k transactions currently unconfirmed on the BTC network.
2018 will be a great year for altcoins. HODL.
Highest Regards
@lordneroo
I'll raise a mug to that!
I'm a believer that Bitcoin will be rise still over the next 2 years passing 100k. That being said I really don't think that Bitcoin will be used for microtransactions for most people due to the fees and slow speeds but I think it will be primarily used to hold wealth and therefore the value will pretty much always be there and still increase slowly over time. Projects like Iota and Cardano will eventually replace the hype that is surround Bitcoin due to their usability and innovation. Just my thoughts, I'm no expert though.
I cashed- out of BTC at the ATH the other day- best thing I ever did, if only to get way from the stress of watching the BTC news all the time.
I put £50 into STEEM so that I could have some fun, and I hold a medium sized altcoin bag...
Great news for me ! Today my investment in alt coins has significantly increased 👌
banks and some other financial institutions might have a surprise for all of us in coming new year.only some alt coins like steem that materializes a content will cut a swathe
I was learning about bitcoin today and I am incredibly shook to how it is all a makebelieve currency where it only has as much value as people give it. I've been tracking the price of bitcoin all day and it is amazing to me how bitcoin can be so lukrative.
the whole market is just exploding right now. luckily for me, i already invested in various altcoins, including etherium, Bitcoin cash and (really) tron.
Great Video! You are such an inspiration, uploaded my first video today:
Sorry didn't wanted to Spam, it didn't loaded my comment at first :)
Bitcoin is still the stronger of them all, am sure it will be rising soon, forget bitcoin cash :)
You might be right...but I think the soon to be bigger story will be user generated tokens. Let's see if humanity can move past the scarcity lie/fiat currency illusion.
yep
It is so tough to tell. The whales are all touting bitcoin cash so it seems like some sort of pump and dump is on. It may go down very low so everyone can jump in and ride it back up. It is so easily manipulated by just a few people that it is tough to tell what will happen.
Wow!
Yeah thanks @dollarvigilante!
Bitcoin will grow again. Finger Crossed :P
Bitcoin has to stabilize before we can predict where it will land.
Money doesn't grow on trees , So If you are looking for extra money from steemit community , you have to co-operate with all you know .
I offer for you , If you follow me , I'll follow you .
If you make upvote for my posts , I'll make for you , and so on
......watch what we can do?
It's looking like money 'grows' inside computers! lol
nice post
BTC will probably be just a storage of value in future,like gold.People need coin with low fee,instant transactions.Who knows which coin will get on the throne..maybe even BCH.. :)
Nice post, thanks.
@dollarvigilante is not the hero we need, it is the one we deserve.
Tell us ow mighty hero, what will happen to our mighty town Mayor "Mayor Bitcoin"?
i think bitcoin has a scaling problem but at the end of the day it will survive/.
This is really bad for the crypto community. This price drop of BTC and rise of BCH is artificial, a lot of drama between the two. It's making me want to move to a completely different coin if this drama continuous. Might go to Litecoin or something. Roger Ver is giving the community a bad name, he's trying to get BCH to take over BTC. So frustrating, grown adults acting like children, fighting with each other.
A wolf in sheep's clothing..
May be
bitcoin will come back with full force...experts says that it will go upto 50000 $ in jan 2018...just HODL...dont loose patience
Yes because bitcoins lovers are more than bitcoin cash
it helps thanks
great content in Dtube
I expect that btc will recover most of the lost value as the allegations of insider trading are investigated.
Mate, at least mention that SegWit has been implemented by only a handful of exchanges. It's the exchanges like Coinbase who push the date further and further away otherwise the mempool wouldn't be that full.
SegWit is out their, it's the sloppyness of exchanges not to have implemented it yet.
Nice post
Guys, forgot for bt. There are many other cryptocurrency. Every day my profit stay near 30-40% of investing. I just monitor all coins. BTC doesn't interesting already. Good LUCK!!!
very good share by dollarvigilante
Thanks for the content dollarvigilante!
Great Video! You are such an inspiration, uploaded my first video today:
I don't wanna get into the BCH/BTC debate, but the whole BCH/Coinbase thing is costing me money!! Thanks for your post, I love Jimmy Song! He's very smart, and tells it like it is.
Bitcoin transaction fees are too high..
Since Jeff mentioned it, STEEM's going to 200 boys.
The bankers are on the attack BIG TIME right now. Like Jeff Berwick said though "Bitcoin is the honey badger of money. Bitcoin don't care!"
Bitcoin Drops Over $ 2,000 As Bitcoin Cash And Altcoins Skyrocket
Why did it happen ? Probably because bitcoin owners take too much cash. And the market was churning.
@janvanhoess
Surreal.
Ok I want to that now