/biz/ - Business & Finance

>>11728647
okay thanks

How can i profit from this?

>>11728647
nChain owns most of the BTC hash. why you think BTC hash has been increasing in 2018 even though the price has decreased over 60%?

Jihan is literally the mining Kang and will never let that happen

Bcash will be $5000 eoy

>>11728692
https://bitcoinist.com/bitmain-jihan-wu-no-influence/

>>11728681
LMFAO, nigga pleeeease.

>>11728669
Buy BCH now, wait for the fork and dump. Easy money.

>>11728669
buy btc brainlet

>>11728714
this. two chainz bitcheees

>>11728681
>imagine actually believing this.
holy shit.

>>11728700
Cope

>>11728714
This. It's the annual free money event BTC holds every year newfags

>>11728726
>imagine not knowing it
nChain will transfer what hashpower they need from BTC to BCH in order to keep at least 75% hash power and in order to keep mining empty blocks on the ABC chain

the hashpower they have left on BTC will start mining empty blocks over there to make transactions take extra long to confirm. they will create a ton of transactions from the BTC mined during 2018 to ensure that the blocks that do get mined by other miners are constantly full and fees will surpass 50 USD per transaction to get into the next non-empty block. mempools will overflow and non-nChain txs will get dropped.

>>11728797
Cool story bro.

>>11728817
He scared lol

>>11728647
and why would billions of dollars worth of mining decision making intentionally crash their own system?

.. they wouldn't. idiot.

>>11728830
He should be, LMFAO. I’m getting the popcorn out.

>>11728838
I meant u

>>11728833
Because of egos. What planet are you on?

>>11728797
source?
i can't find any info on nchain hashpower.

>>11728857
Because the source is literally from their ass.

>>11728857
there's no source, just speculation from my part. but it makes sense. tho there's this tweet of course
https://twitter.com/ProfFaustus/status/1061263094482194432
might not mean much. might mean something.

>>11728714
How do you know when the fork takes place? Should you keep BCH on an exchange?

>>11729531
The fork takes place on Nov 15th.

>>11729531
never keep crypto on an exchange while you sleep unless you are prepared to wakeup to it being gone

especially true right now, if they fuck up and split their own BCH it means you won't get BCH back when you withdraw, you will get ABC tokens or SV tokens. one chain will die and all your holdings goes with it unless you make 100% sure it's on both chains. only way to be sure is to control your own private keys.

>>11728886
>>11728906
hahahaha its literally from his ass

I'm pretty sure CSW has more hash than Bitmain even including the BTC hash. If you think he's just a rambling idiot i've been bamboozled.

>>11730285
I’ve never seen images of his mining farms, nor the mining equipment he produces. I have, on the other hand, seen bitmain’s. And think about this for a second, where do you think most of the mining rigs that the SV camp uses came from? If there’s ever been a time to be concerned about backdoors in miners it’s right now.

>>11729678
>>11730105
So how do I profit from the fork then? I have BCH on my Ledger right now

>>11730105
What wallet would be best to use for this?

>>11730262
makes perfect sense. you'll see. just don't expect it to happen immediately.

>>11730412
you hang on to it and hope it goes up. or you split and sell everything for fiat and hope you can buy back in after everything is over. splitting and holding on to BCH on either chain is gambling.

>>11730594
any older wallet should be safe from opcodes that split coins. however watch out for poisonous free gifts; if someone sends you a small tx that comes from split coins you might accidentally split your pure BCH if you try to use it

if you use BCH after the 15:th it's best to transfer from exchanges to a different empty wallet just to make sure that you don't mix pure BCH and split BCH

>>11730285

>>11731061
BTC will soon crash

Cool, just bought 100K!

is there any downside to just leaving my BCH in cuckbase until whatever happens happens?

>>11731590
It's not the safest option but it's like the second safest one

>>11731590
People shit talk cuckbase but they’re a solid site. I wouldn’t worry other than price dropping to $0 and never recovering.

>>11730703
Ok thanks. Is it safe to leave my BCH on my Ledger? Will they recognize the fork?

>>11728647
Post yfw BCH holder and BCASH BCASH BCASH brainlets post shit like this, showing they have no clue what's going on and thereby confirming your investment thesis.
>>11728797
Not confirmed, but plausible. A little birdie told me a few big dick players have been quietly accumulating massive amounts of hashpower and are ready to put their cards on the table. Whatever happens it will be interesting and likely not very pleasant for any remaining low-information investors who bought the BTC maximalist narrative.

>>11728647
about fucking time. cant understand how that abhorration of a coin has been allowed to exist for such a long time.

>>11731871
>A little birdie told me a few big dick players have been quietly accumulating massive amounts of hashpower and are ready to put their cards on the table.
There's no way to know who runs which pool. But anyway, Bitmain runs X4 the hashpower than all SV has combined, they'll crush them like ants. The 73% SV has on BCH is already running at a significant loss, they're just trying to signal the market to buy so there'll other miners joining them.

>>11731959
>Bitmain runs X4 the hashpower than all SV has combined
You are assuming that SV has showed all their cards already. Probably not a very good assumption to make given who the players are.
>running at a significant loss
Short term loss. Those of us who have been deep into the theory of bitcoin know that bitcoin governance can only work when there exist miners that are willing to mine at a loss short term to secure long term interests. The fact that SV is doing this is SUPER BULLISH for crypto.
I repeat, SV is now putting into practice what has previously only been theory and confirmation that our theory is correct is EXTREMELY BULLISH for the mid to long term future of decentralized honest money.

What price will BCH SV be tomorrow, in a few days, next week, next month?

I didn't invest in it due to knowing little about it and regret it, but hesitant to jump on any fomo train. Pls help brainlet

>>11730285
>a guy who has shown very poor knowledge of mining hardware and infrastructure has more hashrate than the company who manufactures and has a near-monopoly on asic hardware
Imagine actually believing this.

>>11732219
Secure your future for .03 BTC thats all it takes.
https://poloniex.com/exchange#btc_bchsv

>>11731959
This

>>11732219
Never chase a pump.

>>11731838
https://ethereumworldnews.com/ledger-to-suspend-bitcoin-cash-bch-support-on-the-15th-of-november/

use a different wallet boyo

>>11732319
Yeah I don't know enough to make an informed decision, could have bought it at $120 2 days ago, didn't want to buy that high and only 1 exchange, plus it's an IOU, now it's only pumping because it's listed on polo, if it doesn't break 0.03 it could double top and then I would literally be buying the top. Rather make small profits elsewhere, just sucks knowing could have made a quick $600 or so

>>11732342
Just be patient and wait for it to come back down.

>>11732393
>breaks 0.03
>fomo intensifies

>>11731871
It's interesting. I hope SV wins, but it bothers me that ABC hasn't capitulated yet. Makes me think they must have something planned.

>>11731590
This is what I'm doing anon

>>11732461
Why SV?

>>11732461

They won't capitulate, they consider BCH SV the death of their coin.

>>11732055
this is a further demonstration of the downsides of separating validating power from coin ownership

this is another nail in the coffin for PoW, I fear not the last though

>>11732725
I support SV because I like Bitcoin.