[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 273.

Big Naturals

sr. member

Activity: 756

Merit: 268

Quote from: Apraksin on February 06, 2018, 04:23:27 AM

And flippening will happen during a bear market for what reasons?

Because a flippening during a major crash won't confuse new entrants, the narrative is easy to understand, "bitcoin crashed 80%, then it rose again", they won't notice the flippening even happened. Stocks often crash and then recover, so it's not unusual, but stocks don't experience flippening

Don't forget, crypto total user base is tiny, and on the next bull millions of new users will enter the market. Previously I could not see flippening as likely as during a bull market it has to be done in the open - 'one bitcoin dropped from 20k to 1k, and another bitcoin went from 1k to 20k ... wtf.... ' Only those deeply embedded in crypto would understand what the fuck was going on, so major turn off.

What can happen now is both bitcoins get flushed down the toilet, then 'the bitcoin' rises up again ... simple, easy to understand for the millions of noobies entering the market on the next leg up.

Edit, a flippening at 20k USD would have crashed the market, we all knew that, and so many would resist it even if they prefer BCH, but now ... market is already trashed, so might as well flip

Bitbobb

hero member

Activity: 1134

Merit: 525

Less hops. More wins.

Quote from: tekmobile on February 06, 2018, 07:59:02 AM

Quote from: tomkat on February 06, 2018, 07:19:26 AM

Quote from: tekmobile on February 06, 2018, 05:32:20 AM

Quote from: Bitbobb on February 06, 2018, 05:30:01 AM

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now Grin

You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan

What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments

They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference

you subscribe to the very popular and very false narrative of how money works in modern society. And now you parrot the party line from their outpost the enemy has built inside your own brain. Nice to meet you modern man*!

newsflash: the loan you think you are getting whether large or small is not actually a loan. further the contract you are mentioning is one-sided and domestically unenforceable. Maybe that impulse control you think we need the banks to exercise for us should be exercised by them first?? I mean they are the only industry that is allowed by congress to provide their own in-house oversight AND policy! What could go wrong right tek/

*= this assumes you do not knowingly work for the IMB and fund

tekmobile

full member

Activity: 392

Merit: 154

Quote from: tomkat on February 06, 2018, 07:19:26 AM

Quote from: tekmobile on February 06, 2018, 05:32:20 AM

Quote from: Bitbobb on February 06, 2018, 05:30:01 AM

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now Grin

You may have possession of a credit card but all funds are strictly in ownership of the banks borrowing money on a credit card is no different that taking out a loan

What about some poor fool that got a CC with a nice 10k credit limit and bought a few BCH at $3K expecting it to double quickly only for it to now be worth $2500 and unable to afford the repayments

They are not saying you cannot use a Debit Card where you own the funds in your account just Credit Cards where the bank is loaning you their money big difference

Bitbobb

hero member

Activity: 1134

Merit: 525

Less hops. More wins.

Quote from: tekmobile on February 06, 2018, 07:04:15 AM

Quote from: Bitbobb on February 06, 2018, 05:51:25 AM

Quote from: tekmobile on February 06, 2018, 05:32:20 AM

Quote from: Bitbobb on February 06, 2018, 05:30:01 AM

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I am just going to guess you are not unbanked

I don't know about where you are from but usually to own a credit card a requirement is that you have to have a bank account

yes the unbanked are living now inside a perfectly designed prison within modern society that is undetectable at most altitudes, 100% agree.. nice of you to notice we even do not have the credit card access to buy with!!!..

tomkat

hero member

Activity: 1022

Merit: 507

Quote from: tekmobile on February 06, 2018, 05:32:20 AM

Quote from: Bitbobb on February 06, 2018, 05:30:01 AM

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I'd leave the decision what to do with funds on credit cards to their owners.
Otherwise we can end up with banks deciding what we're allowed to buy with CCs as a first step, and then they will likely go further.
Hey wait, it's actually happening now Grin

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Bitbobb on February 06, 2018, 05:51:25 AM

Quote from: tekmobile on February 06, 2018, 05:32:20 AM

Quote from: Bitbobb on February 06, 2018, 05:30:01 AM

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I am just going to guess you are not unbanked

I don't know about where you are from but usually to own a credit card a requirement is that you have to have a bank account

Bitbobb

hero member

Activity: 1134

Merit: 525

Less hops. More wins.

Quote from: tekmobile on February 06, 2018, 05:32:20 AM

Quote from: Bitbobb on February 06, 2018, 05:30:01 AM

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

I am going to guess you are not unbanked

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Bitbobb on February 06, 2018, 05:30:01 AM

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Some see this as bad news but on the contrary it's good you shouldn't be using credit cards to buy crypto if you do not have the money then you shouldn't be taking the risks

Bitbobb

hero member

Activity: 1134

Merit: 525

Less hops. More wins.

Customers using credit cards on Coinbase: the following card issuers are now blocking purchases of digital currency with credit cards.

Chase
Bank of America
Citi
Capital One

We're encouraging affected customers to switch to debit card or bank account payment methods.

Bitbobb

hero member

Activity: 1134

Merit: 525

Less hops. More wins.

Quote from: Big Naturals on February 06, 2018, 04:12:41 AM

leaves no doubt that BCT is the villan, and BCH was never at the scene of the crime, ... but comes in as the white knight in shining armor, and saves digital cash.

There's always a silver lining!!

Quote from: Mrpumperitis on February 06, 2018, 02:59:10 AM

https://www.reddit.com/r/CryptoCurrency/comments/7vhs9u/the_dip_is_over_senate_testimony_posted_online/
The dip is over - Senate Testimony posted online early! (self.CryptoCurrency)

submitted 11 hours ago by Novandamis4 - 5 years account age. 500 - 1000 comment karma.

Okay, here is the link for the hearing tomorrow. Note the two PDF documents that have their testimony pre-written out.

https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission

https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf

https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf

They basically say, hey ICO's need to be watched so people don't get scammed, but cryptos are spurring technilogical growth and must be protected. In short, it's good news and no crazy regulations!

Maybe ima nuts but ima buying...
i think many panic sold very quick...very late
the opportunity to gain a high % of coins is to high for too many people now..

..don't point no fingers; not dangerous; this is our planet; you're one of us."

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: Majormax on February 06, 2018, 04:25:41 AM

Quote from: hv_ on February 06, 2018, 03:46:07 AM

BTC lost about 200 Mrd market cap (from the top)
ETH about 60 Mrd
XRP about 100 Mrd ?

This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.

The answer will take some time to become clear. I would guess the market will shake out a lot more players this year. Unfortunately that means more falls and volatility, but it will ultimately be a positive.

Yes - most will be sorted out by the negative momentum (all?) charts show. Only simplicity, quality + usability should make it up again. ICO's might be mostly done for now - so ETH's biggest use case....

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: hv_ on February 06, 2018, 03:46:07 AM

BTC lost about 200 Mrd market cap (from the top)
ETH about 60 Mrd
XRP about 100 Mrd ?

This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.

The answer will take some time to become clear. I would guess the market will shake out a lot more players this year. Unfortunately that means more falls and volatility, but it will ultimately be a positive.

Apraksin

sr. member

Activity: 420

Merit: 251

Moon?

And flippening will happen during a bear market for what reasons? Weak investors who was shaken out during this brutal downturn and wants nothing to do with crypto anymore suddenly realise that BCH is the ultimate coin and buy unprecedented amounts because of scalability?

Pisssssh.

If flippening would have come it would have been back in fall 2017 when Roger Ver tried to pump it into action. Back then there was so much FUD and FOMO that there was a small chance of reaching a phsycological breaking point creating the flip. As it is now anyone can see that the way BCH price is tied to BTC is like a suckling pig to its mother, It's been clearly demonstrated that BCH can't stand on its own.

Big Naturals

sr. member

Activity: 756

Merit: 268

Flippening is much more likely now than before imo, I couldn't see BCH taking over bitcoin throne if noobies got rekt in the process, but that assumed the change to BCH happened in the bull phase, which would have had most new investors taking a bbc up the tail-pipe north of 20K USD.

Flippening during a bear leaves no doubt that BCT is the villan, and BCH was never at the scene of the crime, the mass noobie rape fest, but comes in as the white knight in shining armor, and saves digital cash.

There's always a silver lining!!

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

BTC lost about 200 Mrd market cap (from the top)
ETH about 60 Mrd
XRP about 100 Mrd ?

This is really huge - this has affected lots of others in this storm down - now it will be interesting, what can survive in long term.

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

Quote from: tekmobile on February 06, 2018, 03:15:38 AM

Quote from: Mrpumperitis on February 06, 2018, 12:33:35 AM

^ yeap , also usdt propping up of old btc is prob gone too...
giving both coins a more even playing field...
BCH will be worth more than old btc this year.

You've been saying that for the last 6 month

First BCH will be worth more in 1 month
Then BCH will be worth more in 3 month
Then BCH will be worth more by end of year

Now BCH will be worth more by end of year

In reality BCH opened trading at around 0.16 BTC
Dropped fast to around 0.07B TC
Slowly gained value to around 0.13 BTC
Got pumped hard to 0.20 BTC
Slowly declined back to around 0.16 BTC

Now whole market down it's back to around 0.12 BTC

So in 6 months BCH has made ZERO gains overall

wtf, when did i say 1month or 3month lol
i said clearly to you and many others...
THIS SUMMER 2018
go check your old pm m8

tekmobile

full member

Activity: 392

Merit: 154

Quote from: Mrpumperitis on February 06, 2018, 12:33:35 AM

^ yeap , also usdt propping up of old btc is prob gone too...
giving both coins a more even playing field...
BCH will be worth more than old btc this year.

You've been saying that for the last 6 month

First BCH will be worth more in 1 month
Then BCH will be worth more in 3 month
Then BCH will be worth more by end of year

Now BCH will be worth more by end of year

In reality BCH opened trading at around 0.16 BTC
Dropped fast to around 0.07B TC
Slowly gained value to around 0.13 BTC
Got pumped hard to 0.20 BTC
Slowly declined back to around 0.16 BTC

Now whole market down it's back to around 0.12 BTC

So in 6 months BCH has made ZERO gains overall

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

^totally agree m8, i think the cycles will be far shorter due to overall market growth...
This year will be the biggest year for crypto so far as we enter the multi $trillion market.

ArkadiyDeliev

copper member

Activity: 140

Merit: 9

Anarchy

Quote from: tomkat on February 06, 2018, 02:37:40 AM

Quote from: OBMarketing on February 06, 2018, 02:19:39 AM

Quote from: digiworld1 on February 05, 2018, 09:52:33 PM

Quote from: xa4enok on February 05, 2018, 11:25:53 AM

Having analyzed the crypto currency market for the perione of bitcoin falling from $ 1000 to $ 170, I can confidently say that now it is a very big correction. Many argue. that the bubble burst. but this is far from the case. On the contrary, now is a very profitable time for big investments and Bitcoin Cash is one of the coins profitable for investment. This is the first and most cool fork of fork. I advise you to buy at the bottoms.

Stock market and crypto markets, this is people hard working money, many might never invest in crypto after this bubble.

Bubble bursts are necessary to knock out the multitude of weak entities in the market. Things will be better later and people will invest when they believe everything is more stable. It's not the end of anything.

Even Bitcoin will survive, but it will not be the dominant player long term. Legitimate platforms will thrive later, just like Ebay and Amazon did after the early-2000's bubble.

This was going to happen no matter what. The gains of late 2017 were too dramatic for it to do anything but what it is doing now - coming down.

Crypto bubbles seem to cycle every 18-24 months. Based on the previous 2, we can expect a take off for another one late 2019, or early 2020; which will be close to next halving in June 2020.
Looks like there's enough time for identifying new winners, and good old leaders.
https://www.yours.org/content/welcome-to-the-bear-market--ea4c16edaedd/

I strongly doubt it will take that long. Now that cryptocurrency is in the mainstream, I think the prices will start recouping after there is a delay in bad news and/or FUD.

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

https://www.reddit.com/r/CryptoCurrency/comments/7vhs9u/the_dip_is_over_senate_testimony_posted_online/
The dip is over - Senate Testimony posted online early! (self.CryptoCurrency)

submitted 11 hours ago by Novandamis4 - 5 years account age. 500 - 1000 comment karma.

Okay, here is the link for the hearing tomorrow. Note the two PDF documents that have their testimony pre-written out.

https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission

https://www.banking.senate.gov/public/_cache/files/d6c0f0b6-757d-4916-80fd-a43315228060/A2A6C1D8DDBB7AD33EBE63254D80E9E3.giancarlo-testimony-2-6-18b.pdf

https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf

They basically say, hey ICO's need to be watched so people don't get scammed, but cryptos are spurring technilogical growth and must be protected. In short, it's good news and no crazy regulations!

Maybe ima nuts but ima buying...
i think many panic sold very quick...very late
the opportunity to gain a high % of coins is to high for too many people now..

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 273. (Read 704531 times)