what happens if Bitcoin goes sub 1k...is it dead and everyone will be forced to buy BCH?

Do you really think it would crash that hard

That won't happen but I'd get ETH.

bro I think BCH might actually steal the show.

Buying anything else that is tied down to BTC will also go down as BTC goes down.

https://fork.lol/blocks/time
look at how many more blocks BCH miners are getting right now
think in terms of coin not dollars
BCH is STACKING coin right now, and yes maybe at a $ profit day by day, but massive piles of BCH compared to BTC being mined
from a miners perspective, they are building a premine mountain of BCH
now look at hash power
https://fork.lol/pow/hashrate
They are already 60% to bitcoins 40%
retarget is in a few hours, like 4. At that point the DOLLAR profit of switching back to BTC goes back up to the top. However that is linked to the DOLLAR price of BTC. Not accounting for future value of either
So miners have this giant pile of BCH, and they can either insta dump, or they can hold and continue mining BCH at a per day DOLLAR loss, I think its like 1-10mil
but if they can successfully get BCH to the top, their BCH premine pile does like a 2-3-4x
so its way more profitable than switching, IF they coordinate

Proceed with caution. If you want to be safe might want to be in ETH for the next few hours/days

Edit: For context, I used to run a bitcoin mine in venezuela about 2 years ago, and to date I have been an extreme believer in Bitcoin. I think this is simply a hostile iteration of Bitcoin.

how is this different from before? ie the other peaks on the graph. i understand that BCH had its best run just now, but what is special this time?

hashrate as flipped. Price has shown strength on the BCH side. FUD is full swing on BTC weakness, Segwit2X cancellation, and the fact that BCH is backed by Bitmain and make no mistake, that is important considering the make the money supply

I will tell u what I am doing and what I would tell someone I cared about.

There is a good chance bitcoin BTC is about to lose a lot of value fast. Its better to stay out of it for the next few days or get some BCH which is the real bitcoin by definition and code. (I said this when btc was over $7000 if u remember)


So its better to stay out or gamble a little bit with whatever one u like.


I have .22 btc stuck in a transaction for a day now. I am mad its losing value as its stuck.


I dont like Bianance, no wires or fiat.

Those are Chinese with VPN.

IMO this is all terrible for Crypto as a whole. We have all of this hype and people watching BTC closely thinking about jumping in and then they go and make it super volatile right when big money is getting ready to flow in.

I think the worst thing that could happen is BTC being taken over while its this big. Average person and even a lot of traders will look at that and think there is now a much bigger risk and it isn't really decentralized at all.

only good thing I see about BTC is new institutional money will come in with CME trading
but they can easily put BCH there alsoremind me to rep on rc.

come to the chat and see whats being said

https://join.slack.com/t/invitedinve...mUxMzQyZjkwNmI

Check out the double top on the BTC 1Month chart...

Also this....

Could get really bloody

Binance is coin to coin only. So you have to send Ethereum or Bitcoin over to trade for anything else on that exchange. As for being American it's not a problem (I am as well) and it's probably one of the better alt coin exchanges out there.

is there any evidence for this?

I think, You can use USDT (tether.to) to deposit from bank and transfer to any exchange that supports USDT. Anyone done this?

USDT is not USD, just want to make sure this is very clear to everyone.

USDT sketches me out. One of these days people going to lose fortunes with tether.

QFT, USDT is vapor, its entire purpose is to NOT be a currency and have ZERO legal obligation to pay you in dollars. Written specifically in their terms and conditions.https://tether.to/legal/

"There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers."

They are meant to avoid KYC and AML laws and ease tax accounting issues, but are likely not actually backed by USD as suggested. Be cautious. I would consider looking at ETH as a better place to store currency

Is it true that if you're not under any tax bracket that you dont have to pay any capital gains tax?

Anyone having problems withdrawing btc from ethconnect even now?

Get "wallet is maintained error"

I got that msg when i tried to send it to binance, but it was fixed when i sent it to gemini

https://www.********.com/Bensemchee1...7414226290042/

Just finished watching this video that someone posted on biz. This random trucker guy has one really crazy theory on the BTC/BCH war.

Cliffs:
-Crypto will explode even harder next year
-The war for control over crypto between the west (btc) and the east (bch) is just getting started
-Both groups will pump huge amounts of money into their respective coins to win the war
-The west has unlimited amounts of USD to pump in while the east has limited amounts
-It is best to hold both

If there is any truth to his theory we are in for one hell of a ride.

If btc dies mainstream cucks like Jaime Dimon will jump up in glee and say 'told you so!" It will definitely rattle the long term prospects of crypto world.

Why are there 50k+ unconfirmed transactions on the block chain with only a 0-50 SATs/byte fee? Why would anyone send with such a low fee right now

Who would not be in any tax bracket? Is that even possible?

Gemini is the only exchange I use for exchanging Dollars to BTC/ETH. I'm on a bunch of alt exchanges, but i liked gemini for my USD exchange since it had a nice interface and low fees.

As for my BTC being stuck, that is pretty unfortunate as I was hoping to use some to buy some cheap alts, but I'm a BTC believer, so I'm not worried long term. Though I also plan to buy more ETH next just so I can move funds around easier.