Huge drop in BTC again and BCH yawns

Kloug

member

Activity: 140

Merit: 20

Quote from: Anti-Cen on December 23, 2017, 08:58:45 PM

so does this mean I need to pay a fee to get in on the Segwit fork on the 28th of this month
that no one seems to be talking about or did i do something else wrong.

Sorry, us beginners, you know what we are like so any help is welcome

Perhaps you don't know what forks are. Basically a new coin is created, and a snapshot of current BTC (or anything else) is made, and each owner of BTC's now own equal amounts of that new coin.

..but those coins are generally worth a few hundreds at best.. per BTC of course.

So your $2 in BTC would have given you a few cents for free - and yeah as you guessed it, you probably spent your entire $2 in transaction fees.

Xenrise

sr. member

Activity: 672

Merit: 251

I'm not really fond in supporting BCH. I'm more on btc. I believe more in bitcoin. It is just that on your statistics. BCH falls from 4000(its ath) and fell at a certain price. And now it's gaining speed going up. It is natural to all coins. I dare you to watch bitcoin next year Wink

.

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

I was testing out this new fangle Jaxx wallet as you do and decide to have a play with this
strange ShapeShift thing that converts between one Crypto and another and sent myself (converted)
about $2 worth of coins

Well I punched in this $2 from my ETH account and not much later received a payment of about
$0.97 in my BCH account so feeling that I had this sorted I then sent $2 from my BTC account
to my LTC account and waited and waited, got tired and went to bed.

Later in the night I could smell a something burning and rushed downstairs only to find my Apple phone almost
on fire (Not just Samsung that catch fire you know, Setup it was) so I cooled the phone down and pressed the
start button to find jaxx was running and could see something about a payment so i clicked a link
that opened up a browser to see the transaction details and ready something that said

Fork you, tx Fee is $45

so does this mean I need to pay a fee to get in on the Segwit fork on the 28th of this month
that no one seems to be talking about or did i do something else wrong.

Sorry, us beginners, you know what we are like so any help is welcome

Kloug

member

Activity: 140

Merit: 20

Quote from: 1bitcoinsnet on December 23, 2017, 08:40:57 PM

new blood is on coinbase and they buy bch

I'm afraid it has already happened. Crypto got its chance, being in the news everywhere. Noobs bought BCH at 4k, saw it drop to 2k (after Roger told everyone to "sell his Bitcoins" on TV [after telling everyone that BCH was the real Bitcoin, hahaha]). Let's hope it's not gonna scare them away and we will get a second chance.
Sure the market is back up, but I don't know how many weak hands haven't sold or have bought back. It's whales & old investors who did.

This said, the fact that crypto proved to recover so quickly will keep some investors in, those won't be scared by the next crash. But surely some weak hands went away & will never come back.

scottykarate

member

Activity: 70

Merit: 10

Quote from: 1bitcoinsnet on December 23, 2017, 08:40:57 PM

coinbase now trades bch

it is the reason we now see bch going from 5% value btc to bch to 22% or so now

so believe what you want

new blood is on coinbase and they buy bch

haha

It doesn't trade anything other than fiat against BTC, BCH, ETH and LTC, right?

linkHA

member

Activity: 266

Merit: 10

But I'm not optimistic about BCH. Most of them are in private hands, so even if it's high, I wouldn't consider buying it.

1bitcoinsnet

member

Activity: 84

Merit: 10

coinbase now trades bch

it is the reason we now see bch going from 5% value btc to bch to 22% or so now

so believe what you want

new blood is on coinbase and they buy bch

haha

Kloug

member

Activity: 140

Merit: 20

Quote from: 1bitcoinsnet on December 23, 2017, 08:23:11 PM

bch hit 1800 then zoomed to over 3k

Nope, it hit 4.3k. Then it dropped to 1.9k. In a day. That is a typical pump & dump.

Last time it went from 300 to 2500 in the craziest parabolic rise, then dumped to 900.

See the pattern? Pump & dump. Great market.. sure it's great to make money, as long as you're part of the ones who get the message (like, from Coinbase) before the pump, and you know when it's gonna dump. But quite a lot of people bought at the top & got burnt.
In any case, this is far from the stability a coin should have when it claims to be usable as a daily currency. It's only a nice market to make money when you're not a noob.

Your grandma who discovered Coinbase 2 days ago, bought "that Bitcoin she heard about on TV", and went for the cheapest one called "cash", at over 4k, and sold it at 2k... yeah she must think it was a great investment...

Quote from: 1bitcoinsnet on December 23, 2017, 08:23:11 PM

what you don't get is pre coinbase the normal vale ratio was 20 to 1 btc to bch
it is now less than 5 to 1

yeah, I do acknowledge the nice run the BCH had, but it has nothing to do with your subject.

That run is *artificial*, that's my point. If you're looking for pump&dumps, you'd have better luck with ALTs, over 100% pumps & dumps happen daily.

scottykarate

member

Activity: 70

Merit: 10

Quote from: 1bitcoinsnet on December 23, 2017, 08:23:11 PM

Quote from: Kloug on December 23, 2017, 08:17:32 PM

Quote from: 1bitcoinsnet on December 23, 2017, 08:04:58 PM

bch went from 30 to 15%

you really don't get it

BCH dropped *over 50%* in a day. This BTC whole crash was 36% and it took 8 days.

Obviously the BCH recovers quicker from a 50% dip.

The BCH surely got a nice run 3 days ago, thanks to Coinbase. And it has shown once again how hard it dumps after a pump. Keep believing "it recovers", but the BCHs changed hands. Weak hands helped pumping it from 1500 to 4000. Most of those most likely lost their money, and the whales scooped the dip as usual.

u don't get it

bitcoin went from 19K to 11k in 2 days

bch hit 1800 then zoomed to over 3k

what you don't get is pre coinbase the normal vale ratio was 20 to 1 btc to bch

it is now less than 5 to 1

so 5% to 22% and the guy that called the 11k drop in same warning he stated bch will now gain in value to btc until it is 1 to 1 and it will take 2 weeks to 2 months

so he nailed 11k drop and it's not done

he said we will see 1 to 1 ratios

it was 20 to 1 almost every day since it was created

since coinbase adoption it has gained to less than 5 to 1 btc to bch

I know math is difficult but all you need is to watch since coinbase started selling it on coinbase not gdax

as soon as they were able to let coinbase handle it it has out performed btc every day and that is what the PROPHET said would occur

so 5% pre coinbase now 22%

simple math really

Everything was bleeding the other day. Just because people buy X,Y or Z on Coinbase/GDAX doesn't mean that they don't move it to another exchange and convert it. I'd imagine Litecoin is doing well on there as well since crypto is gaining massive exposure lately.

1bitcoinsnet

member

Activity: 84

Merit: 10

Quote from: Kloug on December 23, 2017, 08:17:32 PM

Quote from: 1bitcoinsnet on December 23, 2017, 08:04:58 PM

bch went from 30 to 15%

you really don't get it

BCH dropped *over 50%* in a day. This BTC whole crash was 36% and it took 8 days.

Obviously the BCH recovers quicker from a 50% dip.

The BCH surely got a nice run 3 days ago, thanks to Coinbase. And it has shown once again how hard it dumps after a pump. Keep believing "it recovers", but the BCHs changed hands. Weak hands helped pumping it from 1500 to 4000. Most of those most likely lost their money, and the whales scooped the dip as usual.

u don't get it

bitcoin went from 19K to 11k in 2 days

bch hit 1800 then zoomed to over 3k

what you don't get is pre coinbase the normal vale ratio was 20 to 1 btc to bch

it is now less than 5 to 1

so 5% to 22% and the guy that called the 11k drop in same warning he stated bch will now gain in value to btc until it is 1 to 1 and it will take 2 weeks to 2 months

so he nailed 11k drop and it's not done

he said we will see 1 to 1 ratios

it was 20 to 1 almost every day since it was created

since coinbase adoption it has gained to less than 5 to 1 btc to bch

I know math is difficult but all you need is to watch since coinbase started selling it on coinbase not gdax

as soon as they were able to let coinbase handle it it has out performed btc every day and that is what the PROPHET said would occur

so 5% pre coinbase now 22%

simple math really

Kloug

member

Activity: 140

Merit: 20

Quote from: 1bitcoinsnet on December 23, 2017, 08:04:58 PM

bch went from 30 to 15%

you really don't get it

BCH dropped *over 50%* in a day. This BTC whole crash was 36% and it took 8 days.

Obviously the BCH recovers quicker from a 50% dip.

The BCH surely got a nice run 3 days ago, thanks to Coinbase. And it has shown once again how hard it dumps after a pump. Keep believing "it recovers", but the BCHs changed hands. Weak hands helped pumping it from 1500 to 4000. Most of those most likely lost their money, and the whales scooped the dip as usual.

scottykarate

member

Activity: 70

Merit: 10

Quote from: 1bitcoinsnet on December 23, 2017, 08:10:28 PM

Quote from: Kloug on December 23, 2017, 08:06:41 PM

Quote from: 1bitcoinsnet on December 23, 2017, 08:02:11 PM

wrong all the owners OWN BTC
every wallet with bitcoin got free bch

1. the fork happened in august. That thus excludes a lot of buyers

2. pretty much all those who got access to his BCH, sold it immediately (everyone sells forks, it's free money). That's why it dipped to 300.

Each time those who didn't get their BCH get it from exchanges, it dips again. And we all know who scoops the dips.

I bet 90% of the bch created at the fork is still in the wallets that got it

sure some dumped it

but most wallets are passive

very little use

so bch haters dumped then it got on coinbase and the future is newbs won't buy btc with bch lower prices

haha

Riiiiiight, because GDAX/Coinbase is a place where lots of people had their BTC at the time of the fork. Roll Eyes

Jashhh

newbie

Activity: 129

Merit: 0

And now Bitcoin not dropping so hard again, plus a lot of other coins are rising again. There is no point in drawing conclusions everytime that something small happens. Only thing you can say now is that right before the holiday shoppings, the cryptomarket experienced a dip and since fridaynight it has started a recovery. Now you just wait another 24 hours before we can see or say something useful again. Enjoy your holidays.

1bitcoinsnet

member

Activity: 84

Merit: 10

Quote from: Kloug on December 23, 2017, 08:06:41 PM

Quote from: 1bitcoinsnet on December 23, 2017, 08:02:11 PM

wrong all the owners OWN BTC
every wallet with bitcoin got free bch

1. the fork happened in august. That thus excludes a lot of buyers

2. pretty much all those who got access to his BCH, sold it immediately (everyone sells forks, it's free money). That's why it dipped to 300.

Each time those who didn't get their BCH get it from exchanges, it dips again. And we all know who scoops the dips.

I bet 90% of the bch created at the fork is still in the wallets that got it

sure some dumped it

but most wallets are passive

very little use

so bch haters dumped then it got on coinbase and the future is newbs won't buy btc with bch lower prices

haha

Kloug

member

Activity: 140

Merit: 20

Quote from: 1bitcoinsnet on December 23, 2017, 08:02:11 PM

wrong all the owners OWN BTC
every wallet with bitcoin got free bch

1. the fork happened in august. That thus excludes a lot of buyers

2. pretty much all those who got access to his BCH, sold it immediately (everyone sells forks, it's free money). That's why it dipped to 300.

Each time those who didn't get their BCH get it from exchanges, it dips again. And we all know who scoops the dips.

1bitcoinsnet

member

Activity: 84

Merit: 10

Quote from: Kloug on December 23, 2017, 08:00:42 PM

Quote from: 1bitcoinsnet on December 23, 2017, 07:48:08 PM

16K to 14.7K in no time

the chart looks like a cliff dive

Hum, the BCH took the same dive, at the same time, since it's valued according to BTC.

Still, 16k to 15k is pretty normal.

4.3k to 1.9k *in a day*, that is pretty bad. And guess who stole all those BCH from the weak hands again? Whales. When it's said that 4% own 95% BTC, I wouldn't be surprised if 0.1% own 99.9% of BCH.

wrong, bch is way above btc today in plus side

all day btc was around 15% positive it went to 1% with the dive

bch went from 30 to 15%

haha

so get used to it, bch will be way higher plus side everyday now until it matches btc

the guy that called the dig 1 day before it hit said that

so THE PROPHET Dr. Sol Adoni said 2 days before dip, btc going to 10k

2 days later it's at 11k

that's a fact it was said here if you look

same guy explained 2 weeks to 2 months we will then see bch equal btc and then both move to 50k

he says coinbase is the reason, newbs go to coinbase and don't buy btc they are all buying bch

1bitcoinsnet

member

Activity: 84

Merit: 10

Quote from: Kloug on December 23, 2017, 08:00:42 PM

Quote from: 1bitcoinsnet on December 23, 2017, 07:48:08 PM

16K to 14.7K in no time

the chart looks like a cliff dive

Hum, the BCH took the same dive, at the same time, since it's valued according to BTC.

Still, 16k to 15k is pretty normal.

4.3k to 1.9k *in a day*, that is pretty bad. And guess who stole all those BCH from the weak hands again? Whales. When it's said that 4% own 95% BTC, I wouldn't be surprised if 0.1% own 99.9% of BCH.

wrong all the owners OWN BTC

every wallet with bitcoin got free bch

Kloug

member

Activity: 140

Merit: 20

Quote from: 1bitcoinsnet on December 23, 2017, 07:48:08 PM

16K to 14.7K in no time

the chart looks like a cliff dive

Hum, the BCH took the same dive, at the same time, since it's valued according to BTC.

Still, 16k to 15k is pretty normal.

4.3k to 1.9k *in a day*, that is pretty bad. And guess who stole all those BCH from the weak hands again? Whales. When it's said that 4% own 95% BTC, I wouldn't be surprised if 0.1% own 99.9% of BCH.
Generally a share is pumped & dumped once, and people stay away from it. Props to Roger for pump&dumping on idiots several times in a row, and they keep buying.

Jashhh

newbie

Activity: 129

Merit: 0

Last day of christmas-shopping, people cashing a bit of bonus. It's been recovering but it goes in slow steps, be patient.

But the recovery started sooner then i thought. As i said before, i thought of a recovery by the night of monday to tuesday. Maybe even after that. But it got better already and these small drops and rises that you see now are just the normal ones that we see throughout the whole year. Total market is stabilizing between 500 and 600 billion dollars. With sometimes reaching almost to 600. That is not far from its earlier peaks/record-highs.

Reason that it recovered so soon was probably because people saw the chance to buy coins cheap. Didn't want to miss out on this opportunity.

1bitcoinsnet

member

Activity: 84

Merit: 10

Quote from: Kloug on December 23, 2017, 07:47:38 PM

Yeah certainly, but the BCH is way more volatile.
If it dropped to a few hundreds, it's because no one wanted it. Then Roger bought the dip, and pimped it, and you made him richer.

If you bought BCH at a few hundreds, you made quite some money I guess. If you bought it above 600, you would have made a better investment in Litecoin.

Now consider how much it will drop when BTC will get its lightning network. Not for technical reasons, as it doesn't matter a single bit which one is more usable to buy a loaf of bread. But because everyone will assume it will drop, thus will sell.
Meanwhile the BCH has already used most of its marketing cards. Announcement on Coinbase can't happen twice.

Consider what a drop of 50% in a day means: most aren't there to hold but to make money.

who bought bch

I was given a ton for free at the fork

free money I like

Topic: Huge drop in BTC again and BCH yawns (Read 235 times)