BCH vs. BTC or The Raise of Bitcoin Cash

Pekelo · Nov 11, 2017

Hoi said:
you aren't an expert in this as you haven't used Bitcoin ever.

And Stephen Hawking isn't an expert on space because he has never been to it! I might not be an expert on lots of things, but I recognize a ponzi when I see one. You could call me the Ponzi Hunter!

Hoi said:
LTC has even lower fees and has 2 minutes confirmation-times.
But what is really a drawback: BCH doesn't have the Segwit technology (which BTC and LTC have).

I have been a long time fan of LTC, you convinced me again that it is superior to BTC. But what can I do if BCH is the one rallying?

Hoi · Nov 11, 2017

Pekelo said:
I have been a long time fan of LTC, you convinced me again that it is superior to BTC.

For small coffee like transactions. Yes it is (until Lightning-network is released for BTC). For all other things: BTC is king.

Pekelo said:
But what can I do if BCH is the one rallying?

You are a trader, yes? Then trade the fucking pump and dump waves.

Pekelo · Nov 11, 2017

The disconnect continues:

Pekelo said:
BTC: $6580 (Bitstamp)
BCH: $880 (average at worldcoinindex)

BTC: $6442
BCH: $1286

Discussion on the upcoming softfork (software update) on Nov 13th:

https://www.reddit.com/r/path%3D%252Fr%252FBitcoincash%252Fcomments%252F7c3vof%252F

Cuddles · Nov 11, 2017

Pekelo said:
The disconnect continues:

BTC: $6442
BCH: $1286

Discussion on the upcoming softfork (software update) on Nov 13th:

https://www.reddit.com/r/path%3D%252Fr%252FBitcoincash%252Fcomments%252F7c3vof%252F

Gah, it's a bit of a crap shoot when you have limited knowledge. I read up on cash and they seem to address the scalability problem, but so do other alt coins. I think bitcoin's price is due more to possessing an oddity much like high value items..... But how long that sentiment remains is yet to be seen... Or if it can be upgraded, how well it adjusts to future use.

Macca1 · Nov 11, 2017

Pekelo said:
And Stephen Hawking isn't an expert on space because he has never been to it! I might not be an expert on lots of things, but I recognize a ponzi when I see one. You could call me the Ponzi Hunter!

How about we just call you an idiot. Blockchain is clearly out of your depth.

dealmaker · Nov 11, 2017

"

https://twitter.com/x/status/929338213096919040

"

Cuddles · Nov 11, 2017

Macca1 said:
How about we just call you an idiot. Blockchain is clearly out of your depth.

http://www.nizkor.org/features/fallacies/ad-hominem.html

Macca1 · Nov 12, 2017

Here4money said:
http://www.nizkor.org/features/fallacies/ad-hominem.html

You can't say I have faulty reasoning for dismissing Pekelo, when he started off the discussion by arguing it cost $8 in fees to send $5 worth of BTC and then went on to call Bitcoin a ponzi scheme.

SoesWasBetter · Nov 12, 2017

Hoi said:
I'm in the crypto scene for a long time, and know many. But to my knowledge nobody is buying coffee at all. That's not were CURRENTLY Bitcoin is used for. So we don't CURRENTLY need this feature much. In other words: BCH hasn't a use case at this moment in time. (maybe in 5 years or so).

Currently BTC is used as commodity (not a currency) or store-of-value. And for that its worth to pay $2 (which I paid recently) if you want to exchange $100000 in a very secure way to the other side of the world.

The current BCH run, is nothing more than a pump, which will get its dump in a few weeks. Any price above 8% of BTC is too high.

Useless drivel. You just missed a 200% move in two days. Should I use the ignore now or wait for more?

Hoi · Nov 12, 2017

SoesWasBetter said:
Useless drivel. You just missed a 200% move in two days. Should I use the ignore now or wait for more?

As you know (wrote that 3 months ago) I hodl BTC and all of it forks as a hedge. The sum of BTC + BCH is still the same or even higher: $6226 + $1600 = $7826.

But of course I will sell my BCH once. And right now it looks really tasty. :-)