Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 591. (Read 704412 times)

Although the price is important, you actually have to look at the possible mindset of any holders who are not exactly staunch Bitcoin Cash supporters. Bitcoin Cash may see a slight rally coming up, as the impending Segwit2x fork draws closer. However, many may simply chose to get a hedge on this expected event by converting their BTC to fiat or other alts, so the rally may be tiny. Once the Segwit2x fork drama is in play, if it is not going well for the other chains, expect this rally to continue, and this will probably be a good time to consider accumulating. However, if it appear the fork is going well for either new forks, expect a dump of BCH. Many people have decided to HODL the original BCH that they received as a hedge for this upcoming fork. Once they feel they have the "all clear" signals after the fork, they are liable to feel they no longer need the hedge and dump. The other dumping phase will begin after Coinbase distribute the BCH to their users in January. After this all plays out for a couple of weeks, I think the accumulation phase for Bitcoin Cash will definitely have arrived.

You are welcome, the other great information is Various Restaurants Around the World now Accept Bitcoin Cash
So far, we see three restaurants accept Bitcoin Cash as a payment method. Two restaurants in Tokyo do so, as well as Korean Spring BBQ in the US. It is pretty interesting to see this trend take place right now. Take look this http://www.newsbtc.com/2017/10/15/various-restaurants-around-world-now-accept-bitcoin-cash/

I agree with the distribution phase idea, and wonder what the low price point will be when it's done...

https://twitter.com/bsmith12251960/status/919715320507408385

https://twitter.com/bsmith12251960/status/904428830093344768

 
https://github.com/bitcoin-dot-org/bitcoin.org/issues/1835

I implied that the accumulation stage has not started, yet. I see a consolidation trend with BTC/BCH market, over the past couple of days. I speculate that we are still in the distribution phase. So the right move is to distribute your BCH to someone else. (ie treat it like a cheap whore.  )

See, a prime example of all the weak hands. Rather than view Bitcoin Cash as a gift, they treat it like they would a cheap whore.   Unfortunately, I still think there is probably still too much Bitcoin Cash in the hands of ingrates. Probably just a little bit longer until the accumulation phase can properly begin.

BCC price is dropping too much 
i was lucky to sell all my bitcoin cash when it was ~0.12 btc

try this step by step tutorial for how to claim and sell your bitcoin cash on bittrex :
https://bitcointalksearch.org/topic/claim-your-bitcoin-cash-balance-and-exchange-into-bitcoins-2078292

http://www.newsbtc.com/2017/10/15/various-restaurants-around-world-now-accept-bitcoin-cash/

Contrary to what some people expect, there are physical locations accepting Bitcoin Cash. While the list is pretty small right now, it shows the potential for BCH. Surprisingly, two of the locations are based in Japan, whereas the third is in the US. All locations are related to food, which is pretty convenient for BCH holders. It will be interesting to see if this list continues to grow in the near future.

https://news.bitcoin.com/south-korea-tax-bitcoin-use/

South Korea is preparing to tax bitcoin use after the cryptocurrency’s trading volume skyrocketed past that of Kosdaq. Han Seung-hee, the commissioner of the country’s National Tax Service, told lawmakers this weekend that the issue of how to best tax cryptocurrencies is being discussed, including the areas of capital gains tax, the VAT, and gift tax.

“Bitcoins can be used for purchasing goods, etc., and profits arising from using them will be subject to income tax” in Japan, the Japanese National Tax Agency explained, adding that:

        "Gains and losses (gains or losses recognized on the basis of relative relationships with foreign currencies or foreign currency) arising from the use of bitcoin, as a general rule, except for cases arising in association with acts that cause various incomes such as business income, are classified as miscellaneous income."

Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin", BTC is Pow, hmmmm

BTCC BitcoinClam is like the original fork? wayyy before BitcoinCasHFork =D

https://poloniex.com/exchange#btc_clam

The initial distribution of this coin went to people who supported Bitcoin Cash and also to those who did not support Bitcoin Cash. That's a lot of weak hands, dumping. Plus, it has attracted a strong contingent of "vulture miners" who only care about profit, and are willing to dump as soon as they can. If the supporters keep working on ways to improve upon the code and developing new use cases, it will work out.

I"m not into "BTCC".

Hi,
Why is BTCC keeps on falling slowly slowly day by day?
Doesn't it supposed to have strong community and miners support?

Are we going to see an additional dump after Bitcoin gold will be created?

http://www.newsbtc.com/2017/10/15/bitcoin-price-continues-rise-demonstrating-resilience-core-developer-explains/

As large-scale investment firms and retail traders continue to engage in Bitcoin trading as suggested by key figures including billionaire hedge fund investor Mike Novogratz and Bitfury executive George Kikvadze, the Bitcoin price is likely to increase to $6,000 in the mid-term, to the interim target of most experts such as Blockstream executive Samson Mow, as NewsBTC previously reported.

https://twitter.com/CryptoTraderPro/status/919603085596508160 lol these guys must be out of their fucking mind

https://www.cryptocoinsnews.com/investor-predicts-bitcoin-price-to-hit-27k-in-four-months/

True, but you hear things as "Bible codes", and codes are made to be cracked (i.e the Bible in the Da Vinci code). As I see it, a kind of war between coders and hackers has been triggered. Time will tell....

Too much support from big players to totally die. Also, this is the first project by big blockers that actually got off of square one. Segwit2x may succeed, but many big blockers don't care much for the Segwit part. One certain big player, whose ASICBoost is not compatible with Segwit, comes to mind.
Furthermore, you must remember that the Bitcoin Cash market started out in the distribution phase. Of course you are going to see continued declines, as people who don't really care about Bitcoin Cash, liquidate it. Furthermore, the price point now is similar to what BTC had back in late 2014 and most of 2015. Did BTC die within a year after that?
At some point, Bitcoin Cash will probably go through an extended consolidation period. At this time, it will probably be accumulated by some smart buyers, since the price will be low.
I just pray that the development team sees the light and takes measures to somehow improve the retarget algorithm. If you look at the main attack of all of us trolls, it usually focuses on the EDA. (Or some consequence of it such as heavy reliance on 3 mining farms to keeps the chain flowing during unprofitable times, and deciding if and when to invoke another EDA.)  With how the EDA has played out so far, anyone can plainly see that it's far from optimal. However, if this project is truly worth anything, I'm confident the needed changes will come. I don't think the Bitcoin Cash development team are really going to just let the code stagnate. After all, it's code, not scripture.

https://news.bitcoin.com/bitcoin-market-capitalization-approaches-100-billion-usd/

The market capitalization of bitcoin is currently sitting at approximately $94 billion USD after setting a new all-time high of over $92 billion USD earlier this week. Bitcoin’s market capitalization has so far made gains of over 600% during 2017, after starting the year at approximately $15.6 billion USD.