Bitcoin Cash Poll

Will Bitcoin Cash become the dominant chain within 1 year

1) Not a chance
18
40%
2) 1-10% chance
6
13%
3) 11-25% chance
9
20%
4) 26-50% chance
7
16%
5) 51-75% chance
2
4%
6) 76-99% chance
0
No votes
7) Yes, I guarantee it!
3
7%
 
Total votes: 45

silverpv
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Re: Bitcoin Cash Poll

Postby silverpv » Fri Aug 04, 2017

Long John wrote:
silverpv wrote:THere are now buys for over 850M bcc there's not that much for sale.

There's only 16M in existence. :lol:
How many of those 850M are bid for under a dollar? Or a dime? A lot, judging from total BTC value of those bids. The market for this thing is too strange right now. I think it dropped $100 over the course of the day, about $200 at this hour. I'm not tempted at this level.

silverpv wrote: took some profits from this run. it was a good run, but i'm gonna park some profits in usdt.

Me too, but not from Bitcoin Cash. Bitcoin is over $3000! :clap: Time to bank the profit and batten down the hatches against the dump.


lol yah.. only 16M coins and a 500k. Welps.. oh well.. totally taking some profits man.. sold omg

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Re: Bitcoin Cash Poll

Postby silverpv » Sat Aug 05, 2017

FYI... The block reduction kicked in. In 6 blocks (few hours) the block will start to speed up significantly.

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Re: Bitcoin Cash Poll

Postby silverpv » Sun Aug 06, 2017

Noticed a patter with BCC when it hits a low it moves up +.007-009 or 700-900k satoshis from the low. Hits the low, moves up, then gradually heads down.

ie: (low 0.05768111, last 0.068)

It's been repeating this pattern over and over before heading back down. I wrote a little script that checks bittrex and will send me an SMS when theres a new low. I plan on buying some and then set a limit sell at +500k satoshi. I'm not automating the buy, just manually going to enter so i can test. I wish i thought of it sooner (thanks silverbender|long john for spurring the thought). The blocks should be speeding up soon.

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Re: Bitcoin Cash Poll

Postby SilverDoge » Sun Aug 06, 2017

So our current poll sits at 5 of 25 (20%) give BCC a 26% chance or greater to become the dominant chain, and 20 of 25 (80%) a 25% or less chance.

I have doubled up my BCC position under $200. I am looking at risk/reward. I doubt BCC is going to die off. So what is the absolute low? It could be $20 for all I know. But if the 20% shot that the BTC maximalists have Segwit issues, and Segwit2x gets scrapped, I definitely want some BCC exposure just in case.

I would love to get some more even cheaper, so if anyone wants to unload their BCC without going to the trouble of creating an exchange account, just let me know. I am purchasing 1 BCC for 1/10 oz Au :thumbup:
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Re: Bitcoin Cash Poll

Postby silverpv » Sun Aug 06, 2017

SilverDoge wrote:So our current poll sits at 5 of 25 (20%) give BCC a 26% chance or greater to become the dominant chain, and 20 of 25 (80%) a 25% or less chance.

I have doubled up my BCC position under $200. I am looking at risk/reward. I doubt BCC is going to die off. So what is the absolute low? It could be $20 for all I know. But if the 20% shot that the BTC maximalists have Segwit issues, and Segwit2x gets scrapped, I definitely want some BCC exposure just in case.

I would love to get some more even cheaper, so if anyone wants to unload their BCC without going to the trouble of creating an exchange account, just let me know. I am purchasing 1 BCC for 1/10 oz Au :thumbup:


1/10 au?! i'd buy at that rate. I'm still on the side line right now. It seems there's more consolidation happening it didn't breach the 24 hr low so its slowing down even more. Mining difficulty lowered but is still not sustainable 16%, there was an "attack" where BTC miners are mining on BCC to keep the difficulty up. If this continues, it'll take a bit over a month to mine the 1100 ish blocks to drop to 6%.

Side note: i'm also building a raspberry pi 3 full node for fun. a nice little $100 test to run a full node. If i had a bigger hdd, i'm wondering if i could fit eth and btc node wallets on there.

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Re: Bitcoin Cash Poll

Postby Fusion » Sun Aug 06, 2017

Things are really heating up. I don't have a vote but I will add this word of caution.
There are articles circulating about ordinary people, beginning to use their homes as ATMs again similar to what happened in the late 90's. And they're using the proceeds from 3-5 year ARMs, cheap money but still more DEBT, to buy into this phenomenon of the crypto world.
For anyone contemplating this I'd strongly advise against. All it takes is a slide of either asset (home values or crypto values) to cause panic. I honestly cannot envision the Fed making debt more expensive in the near term markets so it is an attractive proposition. But think if both had a slide in values...billions of net worth would be wiped away. So think twice before playing this casino. Just my two cents.
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Re: Bitcoin Cash Poll

Postby silverpv » Sun Aug 06, 2017

Fusion wrote:Things are really heating up. I don't have a vote but I will add this word of caution.
There are articles circulating about ordinary people, beginning to use their homes as ATMs again similar to what happened in the late 90's. And they're using the proceeds from 3-5 year ARMs, cheap money but still more DEBT, to buy into this phenomenon of the crypto world.
For anyone contemplating this I'd strongly advise against. All it takes is a slide of either asset (home values or crypto values) to cause panic. I honestly cannot envision the Fed making debt more expensive in the near term markets so it is an attractive proposition. But think if both had a slide in values...billions of net worth would be wiped away. So think twice before playing this casino. Just my two cents.


Yah, we should definitely always keep in mind in June we went from $115B down to $70B over 4 days. If that didn't teach people a lesson, that's gonna be interesting. Here's the thing, this is a world market. The more people do that the more people stack at the bottom. This is a fixed e-commodity. I don't recommend the debt, but people who constantly pull liquidity in and out will get replaced by other people, this isn't just a US market. This is the first global market with fixed values. That's the whole point of this experiment. No one can create more. If we Americans sell, people in China, Korea, Japan, Europe, Russia, Venezuela will all gladly buy when it dumps. The top 6 in volume in 1 market spreads 4 countries. The US is #2. This isn't the same game as the US market. There are people like us in other countries waiting for us to sell so they can buy cheap.

https://coinmarketcap.com/currencies/bitcoin/#markets

Debt is not good to start with. People who use debt are in and out because they have to service debt. Hopefully that guy paid back the loan and is using the free money. The ones that play it like a casino will gradually give away to the stackers and drive the price up and their risk goes up, while people who buy low risk is lower.

Definitely recommend everyone think twice.. :thumbup: This environment is filled with very smart thieves, scammers, and whales. It's also filled with people who trust a giant computer not to cheat. It's only other people and our own ignorance that will cost us $$. No big corps in the crypto market. It's what we've always wanted right? lol. SHTF, this is the kind of market we'll be in bartering with silver, free market. It's practice..

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Re: Bitcoin Cash Poll

Postby SilverDoge » Mon Aug 07, 2017

Fusion wrote:Things are really heating up. I don't have a vote but I will add this word of caution.
There are articles circulating about ordinary people, beginning to use their homes as ATMs again similar to what happened in the late 90's. And they're using the proceeds from 3-5 year ARMs, cheap money but still more DEBT, to buy into this phenomenon of the crypto world.
For anyone contemplating this I'd strongly advise against. All it takes is a slide of either asset (home values or crypto values) to cause panic. I honestly cannot envision the Fed making debt more expensive in the near term markets so it is an attractive proposition. But think if both had a slide in values...billions of net worth would be wiped away. So think twice before playing this casino. Just my two cents.


There are articles circulating like that because 1) sensation always rules the headlines and gets the clicks, 2) Many people want to see bitcoin/crypto fail and what better way to do that than to show it HAS to be a bubble if 3 different people took out home equity loans. A fool and his money are soon separated. How many of these same media outlets were encouraging people to take out home equity loans, or do cash out refi's to spend money wildly or take vacations prior to 2007? Too many to count.

Nobody on this forum has ever advocated taking out debt to buy crypto. In fact I tell people 5-10% of one's portfolio is near the max depending on one's risk tolerance. We crypto nerds usually say just the opposite. Be prepared to lose everything you invest in crypto. If you aren't ready for that, then just stick to the PMs and other asset classes that aren't ground breaking and industry disrupting.
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Re: Bitcoin Cash Poll

Postby Fusion » Mon Aug 07, 2017

silverpv wrote:
Fusion wrote:Things are really heating up. I don't have a vote but I will add this word of caution.
There are articles circulating about ordinary people, beginning to use their homes as ATMs again similar to what happened in the late 90's. And they're using the proceeds from 3-5 year ARMs, cheap money but still more DEBT, to buy into this phenomenon of the crypto world.
For anyone contemplating this I'd strongly advise against. All it takes is a slide of either asset (home values or crypto values) to cause panic. I honestly cannot envision the Fed making debt more expensive in the near term markets so it is an attractive proposition. But think if both had a slide in values...billions of net worth would be wiped away. So think twice before playing this casino. Just my two cents.


Yah, we should definitely always keep in mind in June we went from $115B down to $70B over 4 days. If that didn't teach people a lesson, that's gonna be interesting. Here's the thing, this is a world market. The more people do that the more people stack at the bottom. This is a fixed e-commodity. I don't recommend the debt, but people who constantly pull liquidity in and out will get replaced by other people, this isn't just a US market. This is the first global market with fixed values. That's the whole point of this experiment. No one can create more. If we Americans sell, people in China, Korea, Japan, Europe, Russia, Venezuela will all gladly buy when it dumps. The top 6 in volume in 1 market spreads 4 countries. The US is #2. This isn't the same game as the US market. There are people like us in other countries waiting for us to sell so they can buy cheap.

https://coinmarketcap.com/currencies/bitcoin/#markets

Debt is not good to start with. People who use debt are in and out because they have to service debt. Hopefully that guy paid back the loan and is using the free money. The ones that play it like a casino will gradually give away to the stackers and drive the price up and their risk goes up, while people who buy low risk is lower.

Definitely recommend everyone think twice.. :thumbup: This environment is filled with very smart thieves, scammers, and whales. It's also filled with people who trust a giant computer not to cheat. It's only other people and our own ignorance that will cost us $$. No big corps in the crypto market. It's what we've always wanted right? lol. SHTF, this is the kind of market we'll be in bartering with silver, free market. It's practice..


That's a very positive and engaging post silverpv. I honestly had to get out of my own head after reading your post. It's the global factor that got me so thanks for that. In general I'm an out of the box thinker but that book "who moved my cheese" really comes to life in this new world. If you haven't read it I do suggest.
Sounds like you techno nerds have a great shot at some serious mullah or moolah haha. Best of luck. Sadly All my free capital goes back into Choice Mint at this point but I wish I was more liquid to play here. There's always tomorrow. :thumbup:
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Re: Bitcoin Cash Poll

Postby Fusion » Mon Aug 07, 2017

SilverDoge wrote:
Fusion wrote:Things are really heating up. I don't have a vote but I will add this word of caution.
There are articles circulating about ordinary people, beginning to use their homes as ATMs again similar to what happened in the late 90's. And they're using the proceeds from 3-5 year ARMs, cheap money but still more DEBT, to buy into this phenomenon of the crypto world.
For anyone contemplating this I'd strongly advise against. All it takes is a slide of either asset (home values or crypto values) to cause panic. I honestly cannot envision the Fed making debt more expensive in the near term markets so it is an attractive proposition. But think if both had a slide in values...billions of net worth would be wiped away. So think twice before playing this casino. Just my two cents.


There are articles circulating like that because 1) sensation always rules the headlines and gets the clicks, 2) Many people want to see bitcoin/crypto fail and what better way to do that than to show it HAS to be a bubble if 3 different people took out home equity loans. A fool and his money are soon separated. How many of these same media outlets were encouraging people to take out home equity loans, or do cash out refi's to spend money wildly or take vacations prior to 2007? Too many to count.

Nobody on this forum has ever advocated taking out debt to buy crypto. In fact I tell people 5-10% of one's portfolio is near the max depending on one's risk tolerance. We crypto nerds usually say just the opposite. Be prepared to lose everything you invest in crypto. If you aren't ready for that, then just stick to the PMs and other asset classes that aren't ground breaking and industry disrupting.


Hey I never advocated or suggested taking out debt, I was simply highlighting the dangers of doing so. Just want to be clear because you're post can be read that way. Or I could just be tired. I hope someday you make enough in crypto that we read about it in fortune magazine, that's how I roll. I want people to reach their goals and experience the success due from unregulated risk taking. Buena suerte
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Re: Bitcoin Cash Poll

Postby SilverDoge » Tue Aug 08, 2017

Fusion wrote:
SilverDoge wrote:
Fusion wrote:Things are really heating up. I don't have a vote but I will add this word of caution.
There are articles circulating about ordinary people, beginning to use their homes as ATMs again similar to what happened in the late 90's. And they're using the proceeds from 3-5 year ARMs, cheap money but still more DEBT, to buy into this phenomenon of the crypto world.
For anyone contemplating this I'd strongly advise against. All it takes is a slide of either asset (home values or crypto values) to cause panic. I honestly cannot envision the Fed making debt more expensive in the near term markets so it is an attractive proposition. But think if both had a slide in values...billions of net worth would be wiped away. So think twice before playing this casino. Just my two cents.


There are articles circulating like that because 1) sensation always rules the headlines and gets the clicks, 2) Many people want to see bitcoin/crypto fail and what better way to do that than to show it HAS to be a bubble if 3 different people took out home equity loans. A fool and his money are soon separated. How many of these same media outlets were encouraging people to take out home equity loans, or do cash out refi's to spend money wildly or take vacations prior to 2007? Too many to count.

Nobody on this forum has ever advocated taking out debt to buy crypto. In fact I tell people 5-10% of one's portfolio is near the max depending on one's risk tolerance. We crypto nerds usually say just the opposite. Be prepared to lose everything you invest in crypto. If you aren't ready for that, then just stick to the PMs and other asset classes that aren't ground breaking and industry disrupting.


Hey I never advocated or suggested taking out debt, I was simply highlighting the dangers of doing so. Just want to be clear because you're post can be read that way. Or I could just be tired. I hope someday you make enough in crypto that we read about it in fortune magazine, that's how I roll. I want people to reach their goals and experience the success due from unregulated risk taking. Buena suerte


It's all good. Your post just came out of left field, like somebody had been inquiring on taking out a loan to buy bitcoin or something which I've never even seen suggested or asked by anyone here on the forum. So I was a bit surprised you were warning people against something that nobody here even considered. I just wanted to make it abundantly clear that nobody at BS was ever advocating for taking on debt to buy crypto.

My suggestion/offer that I would give 1/10 oz Au for 1 BCC was tongue-in-cheek really because it would be a horrible deal (for the person wanting the gold).
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Re: Bitcoin Cash Poll

Postby SilverDoge » Tue Aug 08, 2017

Who will suffer the most from the success of Bitcoin Cash, besides the most obvious.. bitcoin?

I see 2 candidates. First LiteCoin. If Bitcoin Cash is seen as a decent alternative to Bitcoin, Litecoin may suffer. Second Dash. Now I understand that Bitcoin Cash is PoW and Dash is a hybrid, so they are different, but from a purely brand name perspective, Dash could be hurt badly in the future.

If I am a newcomer to crypto, Bitcoin is the first name I'm going to hear. Now if there is a Bitcoin Cash (Bcash) in the top 5 on CMC, and a Digital Cash (Dash) in the top 10 as well, why would I go with the Digital Cash over the Bitcoin Cash? Of course there are good reasons to, but a newbie's first inclination would be to go with the Bitcoin Cash first... right?

Anybody else have thoughts on who the other "losers" of bitcoin cash might be?
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Re: Bitcoin Cash Poll

Postby Long John » Tue Aug 08, 2017

SilverDoge wrote:Who will suffer the most from the success of Bitcoin Cash, besides the most obvious.. bitcoin?

Bitcoin Cash is doing very well -- which still amazes me, with all that free coin out there -- but Bitcoin ($3443 atm) doesn't seem to be exactly suffering.

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Re: Bitcoin Cash Poll

Postby SilverDoge » Tue Aug 08, 2017

Long John wrote:
SilverDoge wrote:Who will suffer the most from the success of Bitcoin Cash, besides the most obvious.. bitcoin?

Bitcoin Cash is doing very well -- which still amazes me, with all that free coin out there -- but Bitcoin ($3443 atm) doesn't seem to be exactly suffering.


Not yet...
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Re: Bitcoin Cash Poll

Postby Long John » Tue Aug 08, 2017

SilverDoge wrote:
Long John wrote:
SilverDoge wrote:Who will suffer the most from the success of Bitcoin Cash, besides the most obvious.. bitcoin?

Bitcoin Cash is doing very well -- which still amazes me, with all that free coin out there -- but Bitcoin ($3443 atm) doesn't seem to be exactly suffering.


Not yet...

Be sure to chronicle your conversion from BTC to BCH, so that I may learn. :thumbup:

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Re: Bitcoin Cash Poll

Postby silverpv » Tue Aug 08, 2017

Long John wrote:
SilverDoge wrote:
Long John wrote:
SilverDoge wrote:Who will suffer the most from the success of Bitcoin Cash, besides the most obvious.. bitcoin?

Bitcoin Cash is doing very well -- which still amazes me, with all that free coin out there -- but Bitcoin ($3443 atm) doesn't seem to be exactly suffering.


Not yet...

Be sure to chronicle your conversion from BTC to BCH, so that I may learn. :thumbup:


I'm planning on doing the same thing. I'm going to follow silversaving and try to get 100 BCC as quickly as possible and accelerating on dumps.

Core has decided to eliminate segwit2x nodes from the segwit network starting in 0.15 release. They have no plans to fork. jeff garzik (btc1) lead dev talks about splitting prematurely. So cool.

https://github.com/bitcoin/bitcoin/pull/10982

Basically what they are saying is, pick your sides now in the software and start ignoring all nodes that signal segwit2x. Core guys say it is for clean separation later when segwit2x does fork, but slows everything down for segwit2x now. It's like a game of chess.

This could've been the catalyst for the price move up. What this means is segwit2x is not a real threat to Bitcoin Cash|Bitcoin Core. This will ultimately force miners to separate even more. There's a difficulty increase in Bitcoin coming up today/tomorrow and another drop coming for bitcoin cash soon. I'm really hoping for overall market cap to drop sometime soon. This makes me extremely bullish on BCC.

If miners defect, it'll mean slow movement of blocks. I'm assuming a lot of the new money is going into BTC because of the purchase of BCC. What I read from that is BCC owners haven't really dumped all their BTC, but in time it could be done tactically to liquidate the BTC at the highest price once BCC buyers are content with their holdings.

That or both can continue to keep going up of course. But if it is a battle, i expect BTC to drop at someone at BCC's expense. As BTC is liquidated or used to buy up BCC. It's a bit of a longer term game.

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Re: Bitcoin Cash Poll

Postby Long John » Tue Aug 08, 2017

I'm nondenominational. I'm not sure who is right about which Bitcoin will reign in the long run, or whether they will co-exist as the two Ethereums do. Without regard to the technical arguments on either side, logically I'd have to give the edge to the original, just due to sheer size, history and being entrenched. But BCash is looking stronger every day. I think the safest thing is not to put all my chips on one or the other. Tonight it pays to convert a little BTC to BCH because of the ebb and flow of their respective prices. Tomorrow it might be the reverse.

But currently I'm giving most of my attention to NEO, since the fortune of the "Chinese Ethereum" doesn't depend on one Bitcoin or the other being king. In fact it might thrive on the conflict, act as a haven in addition to offering its own attractive features. We might be seeing that already (along with the original Ethereum, USDT and others).

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Re: Bitcoin Cash Poll

Postby Long John » Tue Aug 08, 2017

Long John wrote:Tonight it pays to convert a little BTC to BCH because of the ebb and flow of their respective prices. Tomorrow it might be the reverse.

True at the time I said it. 90 minutes later the pendulum has swung back the other way. Not enough to do the opposite, silly to react to every little swing. But the move of 90 minutes ago wouldn't pay, now.

Why not just say fluff it, let everything ride? Because this sh*t is addictive. And I try to increase the stake by a little every day. Just need to be successful 4 days out of 7. :lol: In a few hours I hope to be able to say today was a good day. But a lot can happen in a few hours.

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Re: Bitcoin Cash Poll

Postby silverpv » Tue Aug 08, 2017

Long John wrote:
Long John wrote:Tonight it pays to convert a little BTC to BCH because of the ebb and flow of their respective prices. Tomorrow it might be the reverse.

True at the time I said it. 90 minutes later the pendulum has swung back the other way. Not enough to do the opposite, silly to react to every little swing. But the move of 90 minutes ago wouldn't pay, now.

Why not just say fluff it, let everything ride? Because this sh*t is addictive. And I try to increase the stake by a little every day. Just need to be successful 4 days out of 7. :lol: In a few hours I hope to be able to say today was a good day. But a lot can happen in a few hours.


Don't get me wrong, NEO, XEM, BCC, OMG are ones I'm actively watching. I'm looking at the technicals to see if there are any advantages that can be had by knowing the intricacies of it. I don't care about the politics as much as I do how to take advantage from it. I prefer Bitcoin Cash because of the capabilities but don't mind segwit either.

I'm still not moving anything at all. I just have a bunch of lower ball bids in my favorites, not as extreme but more practical.

Patience patience patience.. now that a bunch of the research is done I know my favorites. I'm looking for reentry for BTC and ETH too. Just have to let this run go until it runs out of steam. If it continues to move up that's fine. No FOMO here. More Fear of Getting Slaughtered is where I'm at.

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Re: Bitcoin Cash Poll

Postby silverbender » Tue Aug 08, 2017

I'm sitting with some cash on the sidelines finally but have learned not to play around this late in another pretty complicated intertwined runaway market.Nothing worse than bag holding 75% of your asset's for 2 months and watching several hard bottoms that you can do nothing about. BCC is looking to be on the list .

I need some crypto Cialis :lol:
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