/biz/ - Business & Finance

Altcoin

>>10696916
so we know BTC is going to go below 6k but alts are already hammered, will alts fall even more as BTC goes to 4k?

>>10696966
>btc going below 5.8
This won’t happen until the flippening destroys it once and for all.

>>10696916
Why dont you just buy chainlink or something. At least those people are creative.

>>10697003
why is there a magical floor at 5.8

>>10697058
Supposedly because it becomes unprofitable for miners to operate.

>>10697058
It's not its the 100 billion market cap being held up. Circulating supply divided by 5800 is about that.

BCH is going to trump all.

My favourite alt

>>10696916
BITCOIN CORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

BitmainCash

>>10696916
>what image best suggests my coins isn't far in the distant past?
>I know!

kek i just found this while doing an image search for some bitcoin stuff

>>10698858
Whipping the jews out of crypto. Nice

Bitcoin is p2p electronic cash. Somehow it became p2hub2p electronic store of value. For this reason it is not bitcoin anymore and this is the reason bch will win.

>>10698858
based and redpilled.

>>10698914
>For this reason it is not bitcoin anymore
for me, it's this:
>Bitcoin: A peer-to-peer electronic currency
>We define an electronic coin as a chain of digital signatures.
BTC segwit removes the signatures, it is now a chain of hashes and not bitcoin

>>10698930
segwit is entirely optional
as for muh digital cash, transfer 9 figures for the cost of a pack of gum and can of coke. who else can do that?

>>10698914
>but the lightning network

>>10698930
I mean conceptually. Bitcoin was made to be a simple transfer of cash from one to another. No intermediaries as satoshi mentioned. Now its become perverted and manipulated as digital gold store of value

>>10698946
Barely anyone in the world uses crypto right now.
Bitcoin Cash is trying to make this work for the whole world to use at the same time.
Literally fucking a few chinese scammers and neets in the usa use crypto right now, and BTC still couldn't handle the transaction load during the last bubble.

Stop thinking about just the present. Think about the future. Extrapolate.
>byut byut muh LN layers and muh routings muh muh devs r best
No anon, LN doesn't work.
The idiots running BTC don't even understand the base layer tech properly.. how the fuck are they going to be able to build something on top of it? protip: they cannot.

>>10699075
I think really what it boils down to is they hate bitmain lmao

Friendly reminder that out of all the coins that will create bagholders, bcash will cause the most suicides.

>>10699075
BTC's increasing tx fees destroyed a project i worked really hard on starting in mid 2017. I will never forgive blockstream for what they did to bitcoin, and me. Fuck BTC and fuck "muh january 2016 whitepaper that's due any day now" LN.
BCH scales, right now. It's fast, cheap, and works. There's a reason why Samson Mow is trying to fud Bitmain. It's because he's scared.

>>10699075
you are clueless
so many people use crypto day in and day out and have for the better part of this decade. I for one haven't paid a bill with fiat since this time last year. even when the average tx fee was $20 for btc I just used eth instead. and let's not bother taking about DNMs and illegal gambling either.

and no one needs bcash. doge works better and MORE people are using it right at this very moment.

>>10699225
the doge/ltc meme is hilarious. let me know when doge or ltc has the support BCH has

>>10699235
support from a mining company that is going bankrupt and support from a lunatic who claims to be Satoshi when all evidence points to him being a lying fraudster?
or support from the community for 5 years and going?

>>10699225
Next bull should be around 2020 or so. Lets see how much development ln will make and whether btc will be able to handle the next new surge of users.

>>10699128
BCH isn't fast or cheap, DGB and bitcoin core are 8 times faster. Since miners abandon BCH for hours on end regularly it's likely the slowest crypto around when it drops down to 2 or 3 blocks per hour. I tried using it to move between exchanges a few times, it's a nightmare compared to DGB, Doge and Eth.

>>10699317
You realize that each exchange has their own settings on how many confirmation blocks they require before you have access to your funds?

This has nothing to do with how fast BCH itself is. Also it's not cheap? It is a fraction of a penny per transaction.

You are a brainlet please don't buy BCH you don't deserve it.

>>10699114
They hate it because they think it's centralized but its incentivized competition and the chinks happen to be winning

>>10699333
and exchanges can charge whatever they want for withdraws so when you bcash shills were posting photos of $50 coinbase withdrawals it wasn't really representative of anything either was it?

>>10699354
That wasn't the coinbase withdraw fees its the actual mining fees on BTC. It's like arguing with a hamster.

>>10699343
Exactly. i honestly think bitmain will 51% attack btc at some point while setting up massive shorts. They are incentivized to do so especially with the direction core is going trying to severly handicap the miners pockets

>>10699408
bitmain can't do a 51% attack and the Miners all support core

>>10699333
Even when set to 1 conf BCH is slooooow. BTC tx are cheap as well but BCH is slightly lower, lower = better therefore alts with even cheaper tx = better right? Seriously, even with 1 conf you can be waiting 20 or 30 minutes because chink miners went back to mining BTC for a few hours. It's not really usable.

>>10698914
The market will, as it always does, decide.

>>10699408
Nah it would be too risky to Bitcoin (BCH) reputation. They will win by a slow bleed of BTC and increasing BCH adoption.

>>10699490
https://bitinfocharts.com/comparison/bitcoin%20cash-confirmationtime.html

looks like consistent 10min blocks to me, nice fud

>>10699512
Its a risk i bet they will take. Its all about timing imho

>>10699296
Its insanely bullish someone is paying you to write this, the fear is incredible

>>10698988
>Now its become perverted and manipulated as digital gold store of value
True but nothing is stopping anyone from running a full node like you're supposed to. Crypto is supposed to be peer to peer. If your using an exchange, it's centralized, your transaction is known and it's very easy for you to lose all you coins. Happened to me once. Now I run full nodes for all my coins and store my wallet files offline.

>>10699574
Maybe when you average entire days. Reality is BCH regularly drops to 2 block per hour then the miners all pile in as the difficulty drops. It's not usable as peer to peer cash. Alts with shorter block times are so far ahead in terms of being useful cash. Cashies are completely and utterly delusional.

>>10696916
~8%

In 2-3 days time, it will be ~7%

In one month, it will be ~4%

EOY ~2%

>>10699890
Peer to peer electronic cash
Transacting through a lightning hub is not peer to peer

>>10699317
>>10699333
>>10699354
>>10699490
See this is because most of you guys use exchanges. Run a node and cut out the middleman. Stop using exchanges, that's not the right way to do this.

>>10699974
When running a full node BCH is one of the slowest crypto around, 30 minute block times are a regular thing, the difficulty adjustment means miners will quickly switch to BTC mining any time there's a decent amount of fees in the mempool leaving BCH with no hashpower for a while. When sending full node to full node BCH is the absolute slowest top 50 or 100 coin around. LTC, DGB and Doge are so much more reliable as peer to peer cash that BCH is a complete joke in comparison.

>>10696916
>csw tlicks another dude's tongue
>cashies begin using muscular men instead of thots for their threads
>really makes you tongue

0-confs are instant on BCH.
>OH BUH MUH DUBBUHL SPENZ
Who the fuck is going to double spend anytime you need a fast transaction? And if you can pull it off AND remain anonymous AND not get caught AND there's some kind of regular transaction that this will be the case for then wow you win selling all BCH for shitcoin digibyte. Faggot.

for the good of all mankind and crypto please kill off bitcoin and 99% of alts

>>10700208

>>10700164
bcash is a centralized shitcoin

>>10700164
Some people transfer large amounts and need it faster than 30+ mins. I'm not 0-confing some $10k USD+ tx.

>>10697083
>believing this

>>10696916
Do you retards not realize the whole world now knows Jihan has a million fucking bcash he needs to sell? And you're optimistic on the price holy hell.

>>10700592
Jihan is next in line to be purged from bcash. They will probably lock his 1m coins or something insane when they do the 128mb hard fork.

BTC is for pedos and lesbians. No one really uses it except those two groups of people.

>>10699128

What was your project? Are you porting it to BCH now?

BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH BCASH

Has crypto become a giant joke?

My answer via a story:

A wannabe butter monk messaged his Master about an altcoin he wanted to buy. The Master told him it was fated to moon. "It's only $0.10 per coin." "Buy me 1000 coins," replied the wannabe.

The following day, the coin was at $0.20. Seeing this, the monk texted his master and told him to buy him 5000 more coins. The day after the monk checked his exchange and the coin was at $0.40. Eager to contact his master, he told him to buy 10,000 more coins.

Checking online the following day the monk now saw the coin was valued at $0.90. Thinking what a windfall profit he had made in just a few days, the monk raced to see his master and told him, "Sell all my coins!"

"To whom?" the master replied. "You were the only one buying that coin."

And thus the butter monk was enlightened