[ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 785.

BillCoin

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Quote from: classicsucks on August 06, 2017, 05:37:42 AM

Looks like my call from yesterday was right: Huge short interest on Bitfinex lowered prices quite a bit.

Notice that Bitfinex doesn't trade BCC/BTC, only BCC/ETH and BCC/USD.

Another sign they intend to lower BCC prices...

I really believe that once a company will develop a hydra wallet( a wallet that supports both bitcoin cash and bitcoin), the price will decrease dramatically, most of the people aren't selling their bitcoin cash , just for the reason they don't have the knowledge or the time to do so, because it is pretty hard to make the export and import thing.

classicsucks

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Looks like my call from yesterday was right: Huge short interest on Bitfinex lowered prices quite a bit.

Notice that Bitfinex doesn't trade BCC/BTC, only BCC/ETH and BCC/USD.

Another sign they intend to lower BCC prices...

tekmobile

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Quote from: vitocorp on August 06, 2017, 04:42:41 AM

Bitcoin cash, which is structured to handle more transactions faster than bitcoin and has become the fourth largest cryptocurrency in a few days after launching, is a house of cards waiting to fall, according to some observers, Business Insider reported.

https://www.cryptocoinsnews.com/bitcoin-cash-house-cards/

The only reason it is #4 is because its a clone with 16M coins already in existence so even if the coin crashed down to just $10 it would still be in 39th place

It has to go right down to $43 just to drop to 10th place

vitocorp

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Bitcoin cash, which is structured to handle more transactions faster than bitcoin and has become the fourth largest cryptocurrency in a few days after launching, is a house of cards waiting to fall, according to some observers, Business Insider reported.

https://www.cryptocoinsnews.com/bitcoin-cash-house-cards/

Grrizz

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Quote from: Daedalus27 on August 06, 2017, 03:56:45 AM

Bittrex was doing over 20000 BTC Volume on Bitcoin Cash (BCC) in a day... When does Bittrex ever do that? Not often. But, who does that kind of thing regularly and this time missed out...? "Poloniex.com

By not supporting the BCC credit upon fork, Poloniex allowed themselves and their exchange to minimize unusual trading disruption between Bitcoin and other Alts (traded in code away from cold wallets).

Basically, Poloniex minimized the distraction of the BCC fork, and probably lowered the amount of traders moving back into BTC on their systems during the fork... saving them in volume of BCC credits being created.

Interesting move... But at the cost of 20k BTC daily trading fee revenue?

But yes. On or about 14 August 2017, Poloniex wants some of the pie. It is the right thing to do for their traders (members) too.

Coinbase is just questionable. Has Coinbase provided a press release demonstrating a duty of care and responsibility to their customers regarding BCC credits, or is Coinbase just helping themselves to the BCC credit/fork money?

Coinbase said they would credit their customers by the 1st of Janurary 2018 lol

https://blog.coinbase.com/update-on-bitcoin-cash-8a67a7e8dbdf

Daedalus27

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The Matrix lost my mind through the cracks!

Bittrex was doing over 20000 BTC Volume on Bitcoin Cash (BCC) in a day... When does Bittrex ever do that? Not often. But, who does that kind of thing regularly and this time missed out...? "Poloniex.com

By not supporting the BCC credit upon fork, Poloniex allowed themselves and their exchange to minimize unusual trading disruption between Bitcoin and other Alts (traded in code away from cold wallets).

Basically, Poloniex minimized the distraction of the BCC fork, and probably lowered the amount of traders moving back into BTC on their systems during the fork... saving them in volume of BCC credits being created.

Interesting move... But at the cost of 20k BTC daily trading fee revenue?

But yes. On or about 14 August 2017, Poloniex wants some of the pie. It is the right thing to do for their traders (members) too.

Coinbase is just questionable. Has Coinbase provided a press release demonstrating a duty of care and responsibility to their customers regarding BCC credits, or is Coinbase just helping themselves to the BCC credit/fork money?

tekmobile

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Quote from: Grrizz on August 06, 2017, 02:45:19 AM

If I'm reading things right, the next block and the block after will both have difficulty adjustments.

Difficulty is crashing just as fast as the price even with it down at 16.7% the original chain is still 1.5 x more profitable

Good news is faster conformations so the users still waiting to get into exchanges can get there faster but will be probably now using just 5% of the blocks and may cause it to just crash faster just seems to be in a downward spiral

tekmobile

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Quote from: coinmenace on August 06, 2017, 03:17:33 AM

Looks like Poloniex saw the potential to earn mor $$$ from the trades out of Bitcoin Cash. It does not want to get left out.

You will probably find its more to do with the brewing lawsuits

They probably will make very little adding this coin because they need to pay to have this implemented and with the low trading volume may not not be that profitable but still cheaper than dealing with a class action lawsuit

tekmobile

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Quote from: raynman on August 06, 2017, 03:15:38 AM

Why is BCC not crashing down to $1.48?

Because of a few reasons

1. Slow confirmation times making getting coins to exchanges very slow
2. Once the value gets to a certain point you will probably find the users would rather just hold as its not worth the hassle to sell
3. Day traders pumping prices up to sell for more profit
4. The true believers will be buying these for a huge loss

coinmenace

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Everything you want, is everything you need.

Quote from: Daedalus27 on August 06, 2017, 02:58:53 AM

So Poloniex likely to list BCC on their exchange approx. around 14 August 2017. FYI.

Poloniex Exchange Press Release on Bitcoin Cash (BCC)
https://poloniex.com/press-releases/2017.08.03-Bitcoin-Cash-Update/

Looks like Poloniex saw the potential to earn mor $$$ from the trades out of Bitcoin Cash. It does not want to get left out.

raynman

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Why is BCC not crashing down to $1.48?

tekmobile

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Quote from: seddik on August 06, 2017, 03:04:45 AM

yeah poloniex and coinbase both are going to list BCH on their sites, hope that will help the price to recover.

You mean like when it was listed on other exchanges ?
You will find it will follow the same trend and crash the price even lower

tekmobile

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Quote from: Grrizz on August 06, 2017, 02:21:52 AM

I'm curious, does anyone know why the mempool doesn't empty after some blocks even though there is still a ton of space left in them? Do some miners ignore transactions when the fees are too low or something?

Some miners have fixed block sizes for example 2M

seddik

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yeah poloniex and coinbase both are going to list BCH on their sites, hope that will help the price to recover.

Daedalus27

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The Matrix lost my mind through the cracks!

So Poloniex likely to list BCC on their exchange approx. around 14 August 2017. FYI.

Poloniex Exchange Press Release on Bitcoin Cash (BCC)
https://poloniex.com/press-releases/2017.08.03-Bitcoin-Cash-Update/

sujoys

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Quote from: Doctor.Strange on August 06, 2017, 12:14:23 AM

I heard that BCH is a fake coin and cannot withstand to Bitcoin.

I hope, you have heard the right forecast of BCH future. Im expecting 1sat future of BCH. Even BCH people are manipulating adding blokc in the chain, that totally fraud. Stay away from BCH is the best policy to have.

Grrizz

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If I'm reading things right, the next block and the block after will both have difficulty adjustments.

dreamhouse

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BCC's block diff will soon be reduced? if so it could make the coin stable and faster block time

.cryptic.

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Quote from: Daedalus27 on August 06, 2017, 01:11:58 AM

Quote from: George5 on August 06, 2017, 01:05:43 AM

Quote from: Daedalus27 on August 06, 2017, 12:44:43 AM

If you left your BTC in your Electrum Wallet before and after the fork, you need to have the private keys that match your Electrum BTC Wallet Address.

Is the BTC address (36XmauGXBMEMjMNbRXxmCWy1X8g9SLEwFC) the Electrum BTC Wallet Address, or the BTC address you transfer your funds to?

Yes I DO HAVE the private keys of the Electrum BTC wallet. And that address is from Electrum where I stored my BTC before and after the fork. I also have priv. key matching that address. So from my understanding everything should work flawlessly. Unfortunately it doesn't Tongue

.

If you have the Private Keys for your BTC Address on Electrum and if you had a Bitcoin Cash Core Desktop Wallet setup, you could simply import the Electrum BTC address to your BCC NODE Desktop Wallet by importing your private keys. Unfortunately, this approach means you need to download or sync the full BCC blockchain (which is plus 136 GB).

There's a YouTube Video for accessing BCC on Electrum, have you checked this link out as another less technical method? https://www.youtube.com/watch?v=i7--pmPa11E

Did the youtube link work for anyone? I still see 0 as my balance after following the steps in the youtube video.

Grrizz

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Activity: 294

Merit: 250

I'm curious, does anyone know why the mempool doesn't empty after some blocks even though there is still a ton of space left in them? Do some miners ignore transactions when the fees are too low or something?

Topic: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees - page 785. (Read 704387 times)