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I totally agree with your analysis, and Asia has the freedom to choose... Australia is also investing in BitcoinCash and was fast with wallets and use for paying bills etc right after release... positive news ensues... I say get in while it's cheap all I can say..
I'm still waiting for BCH to get enabled on a stable exchange to dump. I'll stick to $ before I let China have control over any of my money.
You understand that BCash (BCH) doesn't want the lightning network right? Which in theory is better, faster and cheaper.
For those that don't know much about the lightning network, here's a simple summary. The lightning network will enable payment channels for peer-to-peer transactions without transacting on the blockchain 100% of the time. It initiates on the blockchain and creates a peer-to-peer payment channel.
Here's a quick summary/example of how a payment channel works, there is more to it technically but to keep it simple -
I want to make a bet with BK that Bitcoin (BTC) will eventually be "better" over BCash (BCH) in the future. I can open a single on-chain/blockchain transaction to create a "payment channel" that is worth 1-Bitcoin (.5 Bitcoin from him and .5 Bitcoin from me). From this payment channel we can send bitcoin back and forth as many times as we want without being charged the transaction fees of being on the blockchain 100% of the time (better/cheaper/faster). Now, lets say if I win the bet, he sends me his .5 via the payment channel which is now 1 whole coin to my name, we can now close the channel and the payment would go back to the blockchain and into to my account.
So I ask, why would we want to keep getting taxed a transaction fee over and over again by transacting on the blockchain 100% of the time? Why would we want to keep waiting for our transaction to "clear" 5-6 blocks of mining before the money gets to you or me? And the biggest WHY is why would we want to centralize mining with China? If the coin is centralized why not just use a credit card?.. It would be safer, right?
I can respect that you would like the the profits, big ups to you. One thing I don't agree with is your opinion that you believe BCash (BCH) will be better, faster and cheaper. Can you elaborate? I'd like to know what makes you believe this.
No one knows what the future will bring, however on my opinion, BTC is here to stay and will grow till Jesus come. Lol! The beauty part is that debates and speculations are healthy for people like us who are not married to these markets.
I'll probably buy neo with mine.
My exchange here in Japan,Coincheck, divided my BTC for me.
I have an equal amount of both BTC and BCC but it won't let me do anything with my bcc.
I can't sell it or send it anywhere yet.
Just sitting there.
It will probably give us access when it is down to $1.
ok watched enough and I can say right now, I dont think its what you are saying but rather a lot of people bought bitcoin to get BCC for free, and where did it mostly come from? investments in alt coins, so I am betting people are just going back to their altcoins before they spike back up cause they crashed because of the flood OUT of ALTs and into BTC, so now they rush to get profits before it spikes, and it wont stop LOL.
If you dont like his videos then dont be part of the stats of internet trolls. Just move on without feeling the need to judge and mention your opinions. If you're expecting anyone on youtube to be 100% accurate 100% of the time in any market then I suppose the 2 of you are absolute fools anyway. I dont always agree with BK but I respect his viewpoints and appreciate his content as a test for my own thinking.
Sometimes I really hate what you say BK. Usually it's when I disagree with what you say, but I have to admit that I have a few times been proven wrong days after. I respect you for keeping it real and putting it out there as you see it in your very experienced eyes. I do disagree with you on this one and I still think Bitcoin Cash will tank even if it will take a little while. I really thought it would fall flat right out of the gate. I hope this is one of those times where you are wrong. Time will tell.
I never understood why all the hate with Bit Cash. it's faster and fixes BTC issues, cheaper for more people to get into and as I think BK pointed out, it took BTC months to try to come up with a solution and couldn't, so BCH steps up and does it all in like a week!
I know the ETH and ETC aren't the same split, but the new one smoked the old there so not sure why people were so against BCH even surviving let alone excelling.
tangente00 Perhaps. But in the meantime could've converted BTC to BCH at $400 when it hit $1350 converted back to BTC and triple your. bitcoin.
Admittedly a huge speculative risk but just to point out what could've been done with it.
But will be interesting to see what happens when it does open up like you say.
Strange though how Bittrex has the lion share of trading volume on BCH and is also the highest price for BCH by far.
@Muh HamHead traders will trade... aple stock Bcash or any altcoin that is hot right now. Now Bcash is hot and trending. Pump is a pump and we have many momentum trading people in crypto.
I am not selling my Bcash i am waiting to good pump and nice news.
LMFAO!!! Brandon Kelly Kicked me out of his Bitcoin Group for pointing out how much FUD was being spread in it. I wasn't spreading the FUD, just pointing out the fact that we had a ton of FUD spreaders.
People can't handle the Truth, and when you put it right in their face, they see how much their bull shit stinks.
Wait until we can trade it..we will all dump and bitcoin cash will be worth nothing. Money will flow back into btc.. there is no competition here.. sorry I'm not seeing what you're seeing.. I think everyone still is waiting for dust to settle on btc..I could be wrong but I want to see things normalize before we give bitcoin cash that much credit. I will say I always appreciate your insight
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