/biz/ - Business & Finance

>>55439528
EDX listed it so it's not going anywhere.
One of four crypto's on EDX.
BCH is one of them.
People will seethe for missing it.
I'm buying BCH and LTC

>>55439554
This basically, but buy a stack of Litecoin because it has a way higher hashrate and network, doge could be a play too since it uses the same network as ltc, but I'm personally not buying.

if you get into this you are the dumbest fucking exit liquidity cattle on the planet

>>55439554
Except EDX will never allow retail, no one wil use it, and it probably will never even release lol its an api, which other exchanges already have, but also have a lot more than the 4 coins some boomers picked in 2017.

>>55439579
I'm buying both.
Not sure about Doge though.
>>55439607
That's why it's important it's for serious money only.
They may be boomers but they alot of money.
Nothing else is pumping like BCH and LTC rn

>>55439587
please explain

>>55439657
There is nothing more to explain
I mean it exactly as I have written it.

>>55439657
Do you know what exit liquidity means?

>>55439713
>>55439666
yes, but why is it a fraud

>>55439528
1000+ EOY.

Screencap this

How can this shit just keep pumping like that?
How is that possible?

>>55439657
Let me give you the rundown
>2011 or so
>Bitcoin nerds and faggots are arguing about how big block size should be
>They decide on big
>The guy who profited off block size being small threw a hissy fit and forked his own Bitcoin but with small block size, called Bitcoin Cash
>Has only been bought by retards, boomers, and ESL jeets that think it's related to current Bitcoin in any way (it's not)

Good thing to long when you see signs of DUMB dumb money entering the market.

>>55439886
fixed supply. any shitcoin can pump for a bit vs fiat as long as it can't get rugged

>>55439528
I filled a a 100 bag for 20k since monday.
Its a sui bag for sure, could have made it but for fear

>>55439892
>The guy who profited off block size being small threw a hissy fit and forked his own Bitcoin but with small block size, called Bitcoin Cash
I thought Bitcoin Cash had bigger block sizes though?

>>55439624
Elon is sending DOGE to space to pump his kids bags from when they set up the mining rig.

>>55439528
It's gonna be mooning for a while.
You're too late to buy the bottom but you can buy TOAD, ride it for a week for a x10, and then dump the profits into BCH, even if it's at $500 already.
No way BCH outpaces TOAD.

>>55439892
Is this an attempt at new pasta? BCH has bigger blocks than BTC and it forked off in 2017 I believe. Both sides have good arguments, time will tell.

>>55439528
On the subject of why BCH is mooning.
1/2 Roger Ver had enough BTC to decide on his own whether BCH or BTC will become bitcoin.
Newfags like to act like 1mb blocks were pre-determined to win, but really it was the other way round back then. Roger Ver alone had 300k BTC, Jihan had six-figs as well, and more than half of the real OGs from 2011 were in the BCH camp. So why did BCH fail to flip?

Once Roger started flipping BTC, exchanges stopped trading. BCH remained at the price it was before the halt, while massive amounts of USDT were printed, and BTC started mooning. Once trading resumed, suddenly "interest" in BTC was much higher than that in BCH.

Why? Because Bitfinex and Binance started manipulating the price. Their internal balances did not reflect what was on the exchange. They were dumping depositor's BCH on third party exchanges, coordinating fake trades to make it as if BCH was being sold in record breaking numbers on their exchanges as well and they faked it and faked it until BCH was only a fraction of the price of BTC.

The result? Even up until 2023, Binance had 600k BCH deposited, while its balances only showed 120k available. They never bothered to rebuy the coin and were pretty much insolvent. They wouldn't care, because they'd be able to buy it even more cheaply (which they are doing atm).

The reason BCH is mooning is that Binance has been put under extreme scrutiny by both the USA and the EU. The missing BCH balance will be exposed if they don't make up for it somehow and they're consistently buying. There is nothing to suggest they'll stop doing that anytime soon, as they need to purchase a total of 480k BCH, perhaps finex needs to do the same, and to top it all off, the green dildos they made have started a reflexivity trend, with many new people buying in.

2/2

The cool part about the BCH gang is that all of them are multi millionaires. Pretty much all of them bought their BTC in 2010 or 2011. Their marketing sucked so bad, that not a single newfag joined their frey during the fork. It remained the small club of the bitcoin OG multimillionaires.

This matters a lot, because not a single one of them is thinking "oh, this shit did a x3, better take profit". They'll never be fully happy before BCH flips BTC. So unlike any other shitcoin that has similar green dildos, BCH will not see a massive increase in selling pressure as it continues mooning.
And unlike every previous attempt, big exchanges can't afford to manipulate the price downwards using nonexistent coins, fake profiles, etc. They'll just keep on buying for months.

And buying from whom exactly? There's barely any float in BCH. A few weeks ago you could sell one BTC for 100 BCH, at a time when Roger Ver still had more than 50k BTC (at least), Haipo Yang is a billionaire supporter, Jihan is still playing his game in the shadows, the OGs haven't really left the ship. Roger Ver has millions of BCH. Satoshi + lost coins make up 6-7M. A few shadow players combined add up to more than 10-12M in BCH that will not be trading until #1 CMC

Despite the massive market cap of BCH, this shit barely has any float. When you exclude the coins that will not be sent to exchanges, this is similar to a lowcap memecoin. Next few months will be extremely fun to watch. The pump is manipulated by big players, who also margin bought. Once they take profits, they'll buy more BCH with them. Reflexivity and all...

Call me a pajeet shill all you want, but I lost hope in BCH price when they failed to implement Avalanche consensus. I sold all my BCH and bought AVAX at $0.50. I missed this pump, and I'm not buying (before I take profits from TOAD, because all my money is in TOAD and Dubai real estate). So if anything, I'd love a nice correction, but I'm pretty sure we won't be seeing one.

>>55440132
Thank you for the well informed post. I luckily snagged a few at the absolute bottom (which was apparently the last support layer). I have a friend that made a bunch of money than was into BTC in 2013 or so and he always spoke favorably toward BCH and was like "idk why everyone decided on BTC as 'the real bitcoin'". Talking to him about it convinced me to snag some when it was cheaper, wish I would've got more since so much is already burned. I assume all the Mt Gox, Silk Road, Satoshi burn, HODLers, the circulating supply has to be nearly as scarce as BTC. To me personally, we can either have high fees or low fees. Why have high fees? Makes no sense. That said, I probably won't buy any more, but I'm not selling either.

>>55440067
>>55440132
Dear god this must be copypasta, you're argument is literally that only "OG multimillionaires" hold to coin, wow I better buy after a 300% pump so Mr. Wu can dump on me.

>>55440067
>>55440132
>it's the scientology of crypto
sounds pretty gay desu

>>55439528
ZEC is better, or LTC.

>>55439528
>>55439554
>>55439579
16 BCH 70 LTC aigmi?

BUY KIM DOT CUM IS AIRDROPPING BCH

>>55439579
DOGE price targets this cycle?

>>55439528
Top signal, I'm preparing my BCH short.

>>55440627
>That said, I probably won't buy any more
Money in crypto is mostly made with lowcaps.
Then you have large caps for stability.
BCH is only there to be a better addition to your portfolio than BTC or ETH. No need to be buying more before you catch a x100 with the lowcap section of your portfolio.

>>55440755
>Dear god this must be copypasta
Now it is
>you're argument is literally that only "OG multimillionaires"
your* and yes, OG mutlmillionaires are all BCHies, all of them have 10k BTC+, you had 6 years to notice that.
> wow I better buy after a 300% pump
No, you should have bought lower, but you probably wouldn't even enter a BCH thread at the most opportune time. The second best is now.
> Mr. Wu can dump on me
That part is correct, Wu is the only OG who actually dumped at a loss, but he was forced by the government to do so. Afaik he has been accumulating since, though.

>>55441181
What part of the post is not factual?
Binance is proven to hold way less BCH than it owes its customers.
90% of OGs (except the ponzi scammer types) are in BCH instead of BTC.
None of them needs to sell before 5 figures, since they retired during the Cyprus banking crisis pump 10 years ago when you hadn't even heard about bitcoin.
Name 1 part of what I said that isn't true you coping faggot

>>55439528
>What is the consensus on BCH?
I think it's proof of work

>>55439624
>Nothing else is pumping like BCH and LTC rn
No doubt about LTC, but have you seen Cream? It has made amazing moves since I picked it up some weeks ago, tokenmetrics has been a blessing in disguise for me, desu.

What's a decent BCH bag if I'm started from 0? I don't expect to dump 10s of thousands into this shit but just something for a rainy day.

Do you want a secret?

Look into gambling coins, we're in early days of a new trend.

End of the secret.

>>55439999
DOGE is f***ing dead. While you're busy arguing on biz, Eloop and Peaq Tokenize Elon Musk's Tesla Fleet for Web3.

$10k EOY

All this matters until it doesn't. $107 for Litecoin isn't sustainable. It's all pump and no organic support.
Calling $85 by Wednesday.

>>55444445
So close. But ult a failure, just like bcash

>>55444451
At least litecoin isn't a fraud. LTC, DOGE, BCH, etc. they're all bitcoin forks but only one of these is pretending to be something it isn't.

>>55440132
This is neat fan fiction
Do you have any links that can substantiate this?

>>55443389
I have almost a 100 bag, i am thinking hard about flipping more eth into it.

>>55439587
this, bcash was never, and will never be used for anything. Roger ver is a convicted scammer and hangs out with pedophiles.

>>55439579
>doge could be a play too since it uses the same network as ltc
What the fuck are you talking about?

>>55440067
post definitive proof or you're just a schizo

>>55443400
You could be better of with gamfi and memefi projects.

So, with EDX having listed BTC. ETH. LTC and BCH.
Will the others inevitably be added to ETF's?
Moreover has it been specified as to whether the Blackrock Bitcoin ETF only consists of BTC?

My dick's going up, do you want to fomo into (onto) that as well?

>>55439528
Do not provide them exit liquidity , better invest in projects which have actual usecase like the upcoming IDO of Immunify Life.

Seriously, what are the implications of a combined Bitcoin ETF?

>>55445489
You mean BTC and BCH in a 1:1 ratio?

>>55445523
Like you take the movement of both and combine them into a single chart, similar to how the S&P500 track all the different shares in one asset

>>55439528
Fomo and get yourself to be blamed.

I would rather stick with project that are working on compliance like NXRA as regulation is fast approaching.

It could legit be what they're planning.
They could package an Alt ETF
Tracking ETH,LINK etc.
Boomers would lap it up

>>55445557
Bot

ITS GONNA RUN AGAIN RIGHT NOW

>>55445574
bounced off support nicely

>>55445580
Gonna run up again.

>>55440132
>this is similar to a lowcap memecoin

bro bch is a low cap meme coin.

>>55445007
I prefer gamefi projects like gala, ride and wild world cos the sector one of the largest growing in the crypto industry, and it had the possibility of growing high in the coming years desu

>>55444624
What's that shitcoin among them

>>55445580
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>>55445609
I'm bagging it already and pushing positively towards Eggman. In volatility, Asian meme should be trusted, It's really the game-changer.

>>55445933
Only newfags think less of shitcoin when Egg Pot is giving more than the bargain, making shitcoins worth like a diamond

>>55445563
Why link when you've got LUX.Y, NFT market place is becoming bullish.

>>55439528
You are thinking of buying this junk?
there's a bunch of people holding a bunch of this ready to dump on newbies.
why be part of the problem?

>>55444902
Kek! Pepe is leading. NFTs are coming back

>>55444624
Look, BCH is BTC with larger blocks. Check Satoshi's comments on "oh yeah, we need to upgrade the block size. We only needed 1 MB when it was small to prevent attacks", just before disappearing from the internet a decade ago. As fees rose, it became more clear that the 1MB limit is a problem. Honestly it's pretty clear now BCH people were right and L2 solutions aren't sufficient. That doesn't mean it'll moon or anything... could go to zero for all I know. But what I can tell you is BTC is broken.

>>55439528
It's gonna go back down and in three weeks everyone is gonna forget about this. This is just babbys first fomo buy in sell for a loss later.

>>55446704
Maybe he's got an Eggman, turning junk collections into a bounty of rewards such as ETH is a top notch.

>>55446741
Its never a surprise how Bitzing is spoonfeeding it's airdrop participant with NFTs.

>>55445007
I'm looking forward to dive into the world of MemeCoins and have more fun with EGGMAN.

>>55439528
You missed the party anon. Join the QANX before the private blockchain goes live. The space does not present too many second chances.

>>55446746
BCH actually got CashTokens recently too which makes it a lot more powerful than BTC.
The tooling isn't very mature yet AFAIK, but it gives it pretty powerful smart contract capabilities that are "near" Ethereums (albeit, very different to implement and far more scalable as it uses a UTXO instead of an account model)

>>55446746
nope. The chain with the most hash power is bitcoin, everything else is an alt. And its mathematically provable that a public ledger can't scale as a global payment system, l2s are required no matter what

>>55448041
accounts models are lower overhead than utxo lol. You can also reconstruct a utxo model off chain from an account model

>>55448205
>accounts models are lower overhead than utxo lol
From a performance point of view, this is simply not true.
From a developers point of view though, yes. It is far easier to work with the account model than a UTXO model.

>>55448547
No, retard. An account based model is literally a strict subset of utxo data. Account model is each account has balances, utxo can derive that but also defines where each coin exactly comes from, its strictly more complex and actually makes balances non-fungible. In fact, you can simply implement a utxo system within an account model if you wanted to.

>>55448604
You cannot easily process in parallel with an account model.
Two operations on the one "account" need to be ordered.
The UTXO model does not have this problem. In the UTXO model, any conflicting operation of this sort is technically just a double-spend.

BCH's litecoin larp is over. The real cat's here and he's here to stay.

>>55448699
You're just repeating stuff you're googling that you don't understand. A node can validate utxo transactions in parallel, sure, because it can simply see if the unspent txs were spent, and if so, its invalid. But this has nothing to do with speeding up or scaling the protocol which is bottlenecked by network bandwidth, not node CPU power. Look at requirements for eth validators, no one cares about maximizing cpu parallelization.

The problem is think about this in real world usage. If you have an money market with asset pools and a price oracle, There are various data points being accesses all over the place here. So in a utxo model whenever one of these data points are simply looked at by a transaction, it makes every other pending transaction fail because the unspent tx was spent (even if it was just look at but no change was made it was spent to just move to another address). This is why cardano's uxto model fucking sucks and you can't run a basic AMM that can process more than 1 swap per block without l2 solutions.

Utxo is a superset of account model that only makes sense for simple use cases like payments, it is far too inflexible for smart contracts. And like I said you can implement utxo in an account model. You can make smart contracts that first check whether some input state has changed, etc. and then a modified eth client to process these specific contracts in parallel but its obviously stupid and pointless since cpu is no where close to being the bottleneck for nodes.