Topic: Calling top at $16500 (Even Newer!: $2483 bottom 19 Feb 2021 MtGox said so!) - page 37. (Read 24319 times)

Why would anyone use Bitcoin Cash over any of the other fast transaction coins? I just don't understand this.

Bitcoin Cash does nothing well. Transaction speeds aren't even fast, and it doesn't have this popularity about it like DOGE or Bitcoin.

That's exactly why Roger said he'd be advertising BCH as "Bitcoin" - the masses and new money have this fascination with Bitcoin because of its status as the face of cryptocurrency (and to be fair, Bitcoin has been most tested by the market, and it has survived every grueling challenge so far), and even if transactions are obsolete (which they aren't entirely - you can still make mediocre and costly transactions, and this is changing too) at least it still has its name brand collectible value.

But then, you have Bitcoin Cash... which still takes 30 minutes - 1 hour to send... I prefer Litecoin.

Without a doubt, the Bitcoin Cash price has been and still might (it dropped a lot!) be artificially propped up by a few actors. Thank god I sold my airdrops at ~3k.

Nevertheless, I might buy some if it goes below $1500.


Also... 10k was a psychological support level, but from Enky Nakamura and Masterluc, 9k was always the real bottom - after that both predicted that BTC would never see sub 5-digits at most once, and then never again for a long time.

I couldn't even begin to guess! in the region of $600-$60,000 !!! Far too much chaos in the marketplace right now

Just out of curiosity Matilda, what do you think the Bitcoin Cash Price will be end of 2018?

another one ...

https://blog.bitpay.com/shapeshift/

It's holding well above the $10,000 range now after the dip below it, it's a strong psychological barrier, but the trend line that pointed at around $8,000 seems to be rebounding it back into above $10,000... it must hold for a couple more weeks before we start feeling confident for an all time high in february or march, if not, the $4,100 bottom is a realistic but pessimistic scenario, I hope this was it and now it's only up.

Spend all day on twitter, bitcointalk, reading crypto news, going to the exchanges to check.... so I'm told ....



Exactly this!

Depends on merchant adoption. Many merchants are removing bitcoin because of transaction fees and delays - but if they adopt bitcoincash instead that's a different story.

Bitcoincash has this coming 12 months to make it's mark. If it can get merchants to adopt it instead of BTC, then it has legs. If it doesn't it will die in a year's time.

How do you keep track of what exchanges are adding BCC?

Newbie confirmed

Have you been watching what is going on with exchanges? BCH trading pairs being added at an unprecedented rate for such a new altcoin

Indeed they did along with everything else, that much was inevitable.

What I’m waited my for is the bottom. Then we watch and wait what recovers, and what stagnates!

If $4100 and $16500 were fixed values, we would be trading and multiplying our coins. We could buy four bitcoins at the bottom for one sold at the top.

Unfortunatelly, it is not.

Yeah, I don't see Bitcoin Cash taking over anytime soon.  Bitcoin acts like an index fund because every single exchange in this world trades BTC into altcoins.  It's very difficult to buy a random coin without Bitcoin.  I can't buy Ripple on Bittrex without BTC.  Every single coin on Bittrexs is traded with BTC, not Bitcoin Cash.  That's the reason why BTC can bring the entire market down or even lift the entire market up.  Bitcoin Cash will remain second rate until this changes but I don't believe this will happen anytime soon.

Congrats, you win on the <$10k call. Your BCash got even more decimated though.  

That escalated quickly!

Bitstamp low is still $10,162 in any case he didn't take the bet. So point is moot. (maybe he still would have won!)

So looking back at the OP. The high on stamp was 19500 on the nose. As fabiorem correctly pointed out the 0.618 fib level is worth paying attention to. At ~$7500 from the actual top this corresponds nicely with the top of that big red correction candle first half of november.


So I suspect we'll continue to bleed down til $7500 at which point there will be some significant resistance.

If that doesn't hold then, the next leg down will take us to the region of $4100 (0.214 * 19500) which corresponds well with some high volume action around that price point 14/15th September that pumped that looked to be the catalyst for this run.

Thats the bottom - $4100.

Potential scenarios that invalidate the whole thing:

- The Cashening^TM
- LN success/failure
- China banning bitcoin

Good Luck traders!

(obvs one of those is a joke, i'll let the reader choose which!)

Time for someone to pay up.  Bitcoin dipped below 10k.  I bought some at 9600.

Time will tell

Not interested in that bet at all, too much of a gamble. It might take 6 months, it might take 6 years. I'm in this for long haul. When it flips I already "won the bet" so to speak.

BTC below 10k this year was very low risk for me, because its written all over the charts.

BCH > BTC is too unpredictable. I think it might happen if the bottom drops out of the market... this still only seems like the start of down trend to me, but who knows. If that happens then BCH would probably recover better in the long term as it has better usability than BTC. That all depends on what happens with LN though. Then there is whether or not the price drop will affect the DARI such that more miners move over to BCH... way too many variables for a short term prediction.

For me BCH is a scam - but that is just my opinion. I think Roger Ver and that Bitmain clown (I can never remeber his name?) are in it together.
So like I said, I would be happy to take a bet against BCH and say that the BTC price will be higher than the BCH end of the year (2018).

I can respect that. Not really about the money for me, I just call what I see - this is speculation subforum!

Whatever the reasons may be, looks like we have a long road ahead. Could be a long drawn out bear again.

Don’t get me wrong I’m HODLing. Just heavy BCH ironically that is down more in % terms so who’s laughing now!

Hi sgbett,

I guess I took my mouth to full this time. I did a lot of Research in the last couple of days and thus I have come to the following conclusion:

China and South Korea are trying to push the BTC Price as far as possible. This seems to be working great. Also Roger Ver and the clown CEO from Bitmain are playing a big role regarding BTC Price going down. So if I take your bet I will definatly loose.
I am out - thank you anyway.

P.S. will be very interesting to see the BTC vs. BCC Price end of 2018. I would be willing to take a bet that BTC will have a higher Price than BCC.