Also mandatory reading in my opinion is Reddit's u/singularity87 making a great post summarizing the history of the Bitcoin community, the censorship that's gone on, exactly how this fork drama came to be, and why Bitcoin Cash came into existence and what it really is. You need to spend an hour reading this because it's an incredibly correct summary of the truth.
I can confirm this because I was around at the time of the $290 bubble and the Gox collapse, left crypto, and only recently came back. I have the juxtaposition of how things used to be, and am completely unbiased as I wasn't invested in any cryptos until August of this year. I even wondered why the hell my Bitcointalk account was banned. Now I know.
Bitcoin Cash is Bitcoin . Bitcoin Cash has been fully bear market corrective cycled and is ready to go. We are currently breaking up, on , out of the long-term downtrend line, and have broken upwards out of an ascending .
Bitcoin Cash currently is a crypto you can buy for 3 digits.
In about a week and a half as this fork drama heats up and the large players behind Bitcoin Cash like Roger Ver and Jihan Wu et all start to make their investment realize their gains, Bitcoin Cash is going to be a currency you will only ever be able to buy for 4 digits again.
Think about how easy of a long this really is, whether you believe in the project or not, or whether you've been poisoned by Blockstream's PR department or not. This is all about making money.
And this is the greatest chance in crypto history.
But your write-up convinced me to add more BCH. Unfortunately, the only way I can invest in BCH is through my FIAT->BTC->BCH. Planned to put in $500 and purchased BTC and then sent to my exchange account to convert to BCH
It's been almost an hour and my BTC is still not credited. This really sucks. How do those guys not realize the BTC is dying! I really came into crypto believing in the ideals of Bitcoin, now it's sad. I can't image how it is for the early adapters like you guys
I said quiet a while ago that BCH will overtake BTC and the CASHENING will become a reality. As I am not a technical analyst I am not sure when the cashening will happen, only that once the marketplace realizes what is going on the mania will set in and momentum will make it boomerang over BTC. It could happen all at once (which is what I expect), or not. We'll see. A lot depends on info that I do not have access to. Here's my Eclipse video:
How did Amazon get ready to trade through Bitcoin, if the price of the transaction is high, and the timing is simply gigantic for an online retailer ??
I am a simple person and I have thoughts like - in Amazon are smart people, they should analyze all short-term and long-term risks, do they really look at their use Bitcoin looks normal))) Or is it just total insanity on bitcoin integration?
That being said, Bitcoin Cash appears to have some 0 confirmation magic coming down the pipeline. Bitcoin Cash may be the one that triggers global adoption of crypto.
The 8mb block and lack of Segwit is actually a really big deal.
Bitcoin has really become an extremely inconvenient currency and is completely inappropriate for small transactions.
But how do you think, what could be the reason for the statement about the sale of Bitcoin Cash by Bitcoin Investment Trust to a large share of $60M (173,000 BCH) in early November?
This somehow does not agree with the prospect of a currency soar in price. Why should they?
(sorry for my bad russian english)
Just because some hedge decides to sell their position doesn't necessarily mean anything. Why?
Because there's another whale buying it.