Hold Bitcoin or Bitcoin Cash ?

[Sherlock]

maybe it wasn't done with just a little money?

From what I was watching the market it indeed were huge money for any individual, but not relatively to the market cap. The orderbooks are thin. Now as BCH is in downfall it can be seen as well.

[Sherlock]

Billions of capitilization appeared out of the ether.

It is directly connected to this:

My advice is now what it has been to my customers all along... If you don't have to sell, don't sell anything. If you do want/have to sell, liquidate an equal portion of btc and bch. I try to follow crypto and I know enough to know that I have no special powers in picking the winner. If you owned bitcoin and managed to get your hands on both btc and bch, I say hold them in equal proportion and see what happens. Same goes for the new bitcoin gold btg... sell in equal proportions to your other coins and let the market decide rather than trying to outguess it.

The billions do not come out of ether. They go from bitcoin.

If bitcoin is forked and some price is set and most people neither buy or sell, then the value is "created" and stands there.

The reason why btc forks does not vanish is because of the thinking that PROFRBcom suggests.
Also the reason is that especially big players do not want to risk the security of cold wallets and because forks use the same private keys it takes time to reclaim the fork coins even for those who are willing to sell.

It is risk vs. reward. Each manipulation with cold wallet and making new cold wallet bears some risks and cost a lot of time. Only idiots reclaim fork coins without brand new cold wallet.

[elgoog]

Bovada now accepting BCH
https://calvinayre.com/2017/11/12/bi...-bch-deposits/

[yeahfree]

Bovada now accepting BCH
https://calvinayre.com/2017/11/12/bi...-bch-deposits/

Ignition, Bovada and Bodog actually accept Bitcoin Cash already since the end of October 2017

i guess they just wanted to give it some extra attention again.....

[Muppet]

Yeah I wrote an angry email to their affiliate program today, saying basically that they have forced us to accept BTC but their latest payments take 3 days to come through due to the actions of their boss and his fraudster friends in trying to kill Bitcoin, and we take a haircut off our commission in the process. The idiots are forcing us to be paid and their customers to transact via a method that Ayre is actively trying to sabotage.

So I am not surprised to see them trying to push BCH on his sites, along with the juvenile press releases and attempts to spread FUD and pump the BCH market. I said a long time ago this would happen.

[TheGooner]

Indeed - given the recent price uncertainty - can I get my payments in ETH, LTC or XRP ?
These seem stable currencies that are actually used for payments ...

As for BTC and BCH - not so much.
Crypto fanboy wars eh?

[Sherlock]

New article about Bitcoin at CA. I suggest to hire a better copywriter.
https://calvinayre.com/2017/11/14/bi...ice-movements/

I have nothing against being paid in BCH or any altcoin that has significant volume, although I think it is risky and inconvenient for affilates, but calling Bitcoin (BTC) Segwit and BitcoinCash (BCH) as Bitcoin is a bit too much. Even big blockers who are BCH lovers like Jihan Wu said that Bitcoin is Bitcoin and Bitcoin Cash is Bitcoin Cash. Everybody is calling Bitcoin a Bitcoin. This is like calling fat people oversized but much worse.

So if I am paid by "Bitcoin" this month, should I expect BCH?

Also the article contains obvious nonsense:

Transaction costs depend on the supply and demand for miners to complete the transactions in the blockchain. A relatively high transaction cost simply means that the demand for miners (really the demand for transacting) is high while the supply of miners is low.
This problem can be solved by either adding more miners, or increasing the efficiency of miners so they can handle more transactions with the tools at their disposal.

More miners will not allow more transactions be processed through the network. More miners = more transactions is something that people who do not do anything with blockchains think.

[elgoog]

@Gooner and Muppet
Maybe don't exchange your received payments into fiat immediately after receiving them.
if you would have left them as you received them since the start.......

[tg12345]

My advice is now what it has been to my customers all along... If you don't have to sell, don't sell anything. If you do want/have to sell, liquidate an equal portion of btc and bch. I try to follow crypto and I know enough to know that I have no special powers in picking the winner. If you owned bitcoin and managed to get your hands on both btc and bch, I say hold them in equal proportion and see what happens. Same goes for the new bitcoin gold btg... sell in equal proportions to your other coins and let the market decide rather than trying to outguess it.

This is good. I've held all the BTC I've been paid, and I've doubled the amount of BCH I received, plus bought what use to be an equal chunk of ETH. I've given up trying to get in and out as I screw it up every time.

[TheGooner]

Maybe don't exchange your received payments into fiat immediately after receiving them.
if you would have left them as you received them since the start.......

Thanks for your investment advice ... I always find that planning investments is easy with hindsight too !


Mind you even BTC doesn't always go up ... If you'd received bitcoin in December 2013 (valued at $1,000) then you'd have been waiting for THREE years to see that $1000 price again

Seriously though - businesses need cashflow - businesses have to pay tax on income received.
So when business invoices are received - I change them to "coin of the realm" as soon as it is practicable to receive full value.

Some of that DOES involve me personally buying the business BTC as investments.
I'm quite happy with the size of my PERSONAL crypto holdings ..

[elgoog]

Ofcourse you are right Gooner

allow me 2 sidenotes
= it is not 2013 now, BTC seems more stable/trustfull/ok/accepted/mainstream than in 2013
= You dont receive all your business earnings in BTC

and a third one
= with all respect to our big friend Calvin cs, BitcoinCash has not proven itself yet, i wouldn't accept commission in it

[TheGooner]

it is not 2013 now, BTC seems more stable/trustfull/ok/accepted/mainstream than in 2013

Because THIS time it's different? Didn't you see the last two weeks.

[WagerX]

Thanks for your investment advice ... I always find that planning investments is easy with hindsight too !


..
Seriously though - businesses need cashflow - businesses have to pay tax on income received.
So when business invoices are received - I change them to "coin of the realm" as soon as it is practicable to receive full value.

yes, I agree. receive the BTC commissions as a value. Then invest based on the fiat value. You shouldn't blindly hold BTC just because you have it. you have to consider your long-term financial strategy. Easier said than done.

[Sherlock]

I have made many investment decisions in my life. From best to worst. Somehow I made it through. But blindly hodling bitcoin was the best decision of my life, because it so far raised my net worth approx by 500% (with not so crazy investment). And unlike my other work it was a nice passive income if I do not count the research.

So it was the best strategy. And I believe it will in future as well.

Taxes suck, that is why it is best to live in 0% tax. If I had to pay taxes, my head would not be clear and everything would be ****** up.

edit: with low bank taxes take too much of money that can be reinvested into "crazy" projects, that in future will be shown as the most profitable
with high bank taxes are not that big problem per se, but the administrative around it would drain all my energy out

[slotplayer]

This is good. I've held all the BTC I've been paid, and I've doubled the amount of BCH I received, plus bought what use to be an equal chunk of ETH. I've given up trying to get in and out as I screw it up every time.

What do you mean you doubled the amount of BCH? Do you mean it doubled in price?

[Sherlock]

Because THIS time it's different? Didn't you see the last two weeks.

It is absolutely different.

Bitcoin last dips are bought in few days. The stability is there. Bitcoin survived many crisis and from each one came out stronger than before. The last one is ending exactly now as mempool is getting empty and miners return. Blatant case of https://en.wikipedia.org/wiki/Lindy_effect. The longer Bitcoin lasts, the higher has probability of survival. Combined with network effect it is a killer combo.

The last 2 weeks were an attempt to hijack the bitcoin from some powerful figures holding BCH/BTC, but were are money against it. Bitcoin survived as BTC.

On the other hand the price is 20-40x higher, so the expected ROI - albeit still big - is not that huge. The obvious is priced in a bit. But the biggest investors now are around the corner. It is not just speculation. It is reality.

Recent surge is absolutely different than in 2013 and the correction will be as well.

[ocreditor]

Hold Bitcoin still good for the long term

[Cash Bonus]

Hold Bitcoin still good for the long term

Yes, absolutely! Holding Bitcoin is still the best option when you're in it for the long term.

[ocreditor]

Yes, absolutely! Holding Bitcoin is still the best option when you're in it for the long term.

Indeed, I agree with Sherlock about the investment part, holding bitcoin so far is the best investment decision in my life.

[Breakout Affiliates]

Fellow Bitcoin Holders (or Hodlers if you are).

The split has occured and BitcoinCash is alive (just) - taking around 6 hours to mine a block.
This will be sorted over time as the algo will detect the long delay and make it easier to mine BCH (Bitcoin Case).

But for those of us who have picked up new BCH tokens the question is now what to do with them?
Currently BCH are around 245 and BTC are 2750 - so 1 BTD is approximately 11 BCH

So I see four choices.
1/ Keep BCH in parallel with BTC. (hold both)
2/ Sell the BCH to BTC. (Maximise BTC while BCH price is holding some value)
3/ Sell the BCH for cash (Take the money as a dividend)
4/ Sell some BTC for BCH (Hey - maybe you think the BCH is the future).

What are you going to do?
Will you sell BCH quickly, hold and wait, or buy more?

I'll probably take the middle ground this week - hold and wait - how about you ?

Go with option one! Keep holding both BCH has a big fanbase... it's basically bitcoin 2.0, and I think once people become aware of that it will blow up, but bitcoin will remain the king for now