Hold Bitcoin or Bitcoin Cash ?

[Sherlock]

I'm not smart enough to know which coin will win, so I'd advise holding both

That is exactly why the Bitcoin forks have value. Then we should hodl Bitcoin Gold, Bitcoin Private. Bitcoin Diamond and tens of other forks. And apparently we (almost all) do! Because price is not dropping, it is in fact rising. Most people hodling those even do not know they own them.

I also do not know what to do, but any "smart" solution can be disaster as well. Everything has its own price. Big money is on table. Hodling all forks indeed is a solution, but it may be now like throwing away 20% of value. If they rise even more there for sure must be a selling price. There is no safe way how to play this out.

One should not evaluate the given coins differently than the ones which ones he would be buying. Would I be buying bcash and other btc forks at those prices? Hell no for bcash and much more no for other forks. So I am in selling territory, but trying to sell even higher, so waiting for now. Most probably I am just a greedy idiot trying to time the market. But once BTG hits 0.02 BTC I will sell. BTCD maybe even sooner. Bcash is a bit ore different, because there are really powerful groups people behind it, even when we do not like it. There will be another fee-madness with BTC. I want to see whether BCH will be used or not once it happens. Because the BCH simply is used at bookies much more than ETH, XMR or other alts. Maybe it will be used as secondary alt at darkmarkets as well. Next fee crisis will show this.

[MMM]

@Sherlock, tried to PM you, but your box is full.

[PROFRBcom]

@Sherlock, tried to PM you, but your box is full.

It is a recurring theme for him lol.

I don't know if it's possible on GPWA b/c I have yet to hit the limit, but on other forums that I'm active on one can download PMs in text format (really convenient for searching) in order to clear out one's inbox. I'd recommend looking into seeing if GPWA has that :P

[Sherlock]

I somehow really hate to delete old conversations. Not that I want to prove something like my employees who always bring up some off-context sentence/order I gave 3 years ago as a proof I am an idiot. I am sadly very bad at remembering nicks. I have photographic memory combined with something weird. So you guys are without my history for 95% just one person because your nicks start with capital letters. So please understand. I always get msg on email that I have to free up the box and I am doing so.

[sweetbet]

“I’d Put New Money Into Bitcoin, Not Bitcoin Cash”, Says Tom Lee
https://cointelegraph.com/news/id-pu...h-says-tom-lee

[Sherlock]

not sure where to put it: https://www.nytimes.com/2018/05/02/t...man-sachs.html

this is not imo just another positive news

it is a reflection of collective mind shift; for me this is quite incredible

(also one person from forum who was more like bitcoin skeptic/neutral asked me how to buy cryptos; i am sorry i was maybe too strict, but there is no problem to be crypto-outed; owning cryptos does not mean one can not stay critical after all)

so Gooner wave still goes on

[ocreditor]

not sure where to put it: https://www.nytimes.com/2018/05/02/t...man-sachs.html

this is not imo just another positive news
..

Wow very positive indeed, thanks for this share!

[Sherlock]

From the mouth of chairman of CFTC:

We need to take a moment and respect this generation’s interest in this new instrument (Bitcoin). We should not laugh at them, but should pay attention and respect, and introduce more comprehensive and more forward-looking policies.

What happened now represents this generation. Just as the Baby Boomers lost faith in the leaders at the time and tried to reshape the culture through drugs, sex and rock and rool, I think there is also a generation of people who have lost confidence in the way we deal with the economic crisis. They are not optimistic about the intermediary and regard technology as the best way to remove an intermediary.

https://medium.com/@VidrihMarko/cftc...n-d847ea79b407

I think many of those right wing guys at power were starting a life with big ideals of policies, where laissez-faire or minimal interventions, were expected. Then they faced the harsh reality and they they can not avoid the "social responsibility". Even the right wingers simply can not do the policy they wish (the Reagan deficits were high for example).

I feel from those guys (politicians, bankers) nearing sunsets of their lives that they feel cryptocurrencies are the armor-piercing shells or current state, where all economies are already in soft-socialism mode. And I think this time they are right. This thing has power to destroy and reshape the economies. Consequences will be crazy ofc.

[BitcoinCasinoKings]

I would personally hold 90% BTC and maybe 10% BCH if answered to that question.
But for now, don't have any BCH more like 40% ETH and 40% BTC and rest Altcoins.

[Sherlock]

Bcash will fork maybe and maybe not once: https://cryptoslate.com/a-three-head...ree-way-split/
(also CA owning Coingeek).

[TheGooner]

Bcash is looking like an ego coin now - not a viable alternative.

[Muppet]

Watching the BCH implosion in slow motion is mighty entertaining. Bitmain have been outed as holding a million bcash in their disclosure documents for their IPO. They can't possibly sell that volume without crashing the market so it looks very much like the IPO is aimed at getting some other suckers to hold the bags. Now they have a little civil war going over another fork proposal, Wu is calling Wright a "fake Satoshi", Buterin has jumped in and urged the bcash community to ostracise Wright, and the bcashers are finally waking up to the fact that he is a conman. All the while the BCH-BTC exchange rate keeps dropping and there is minuscule transaction volume. It looks a lot like the BCH ship is sinking.

[Sherlock]

If Ayre is owning coingeek then he is the biggest miner https://bch.btc.com/ of bcash https://bch.btc.com/stats/pool/Coingeek

[Carly Swinson]

Thanks for the updates guys, though i am still learning about bitcoin and its forks.

[sweetbet]

According to a tweet by Roger Ver, "In the last 24 hours Bitcoin Cash had more transactions than all other cryptocurrencies combined."
Source: https://twitter.com/rogerkver/status...33722685218818

[TheGooner]

According to a tweet by Roger Ver ....

Was as much as I needed to read to know that it would be bullsh!t - and it was ...


Looks like BCash is doing some sort of stress testing with fake transactions for high throughput.
Just look at the follow-up comments in that post you linked.

Good to see possible transaction volume on blockchain - but they're not actually REAL users or uses.
BCash just isn't used by anyone.

Go back to just before midnight testing and see the REAL number of txns per block ... from about 11 to 119 (average about 40).

[AussieDave]

I somehow really hate to delete old conversations. Not that I want to prove something like my employees who always bring up some off-context sentence/order I gave 3 years ago as a proof I am an idiot.

Its just gone 3:45am (Sat), and that made me laugh out loud, maybe too loud. Hope I didn't wake the tribe

[AussieDave]

If Ayre is owning coingeek then he is the biggest miner

I'll never forget his hedonistic, flamboyant post UIGEA days - when the DoJ had him in-their-sights. He reminded me of the movie, 'Catch Me if You Can' (Leonardo DiCaprio). I'm 57, and thinking we're both been in the industry since its infancy, and we're probably around the same age too.

Hasn't he (Bodog et al) recently been fingered to be on yet another USA DoJ's listed cross-hairs?

Not that I have any idea if he's the owner of CoinGeek or not... But speaking on my own personal life, I use to be a gung ho affiliate back in the day. Thing is though, you get older, and yes, a little wiser, around that time one's own mortality starts to pull at the shirt tails. Subsequently (least I have) started to think a little more about what I do, than the path I once followed back in the good ol days, like throwing caution to the wind per se.

Has CA adopted a similar shift in mindset? Maybe!

The notoriety he once reveled in, including previous DoJ taunts, maybe have given way to the epiphany that an 'Orange' jumpsuit, doesn't fit well within his current lifestyle plan.

Crypto is essential a new frontier. Furthermore, it's very much akin to what the online casino industry was like in its infancy.

Could it be, he has decided it's a better (safer) road to travel on these days? IDK... just a thought

[cat]

What about all this forks? I would guess that if Bitcoin is forked again and again its value would go to zero.
If new names are created like cash, gold, diamond and so on. Could be a bitcoin sapphire, ruby, zirconia and so on be created? Couldn't forking be an endless procedure with new names? And if so wouldn't that mean an endless creation of coins and following from this a value going to zero?

[Sherlock]

Mona Lisa is being forked (=copied, photographed etc.) all the time, but the value is not going down.

Take BCH as Mona Lisa Prado version. It is the first (significant) copy. It was considered worthless, now it is maybe worth of something. Maybe if Wright will prove he is satoshi LOL, then BCH will jump in price like Mona Lisa Prado version.

But no, forks of forks will not make the value of BTC lower, as if someones makes a replica of Mona Lisa, makes a photo of it, puts it on the blog and you download it as wallpaper... does not make the value of Mona Lisa lower.

In the end there can exist more forks of BTC than there is people on planet, why not. But the attribute of money is that somehow all or substantial part of people is using it. There can be even trillions of copies of bitcoins, why not, but it will not be money, because no one will use it and the value of money comes from using it.

At the moment, for financial transactions, just BTC is being used.

The most crazy thing is not all the forking, but that this is not obvious to anyone.