BTC fundementals are bad, but BTC goes up anyway. BTC fundementals have been bad since 2015 when it traded for $200. But the market doesn't care about fundementals so long as transactions are processed. It does this well enough by charging $15+ to do it. If it's $100 per transaction, it'll still work in the end. It may eventually compete with other coins when it gets that bad. Will be much higher in value then.
It's like a newbie mistake to think BTC fundamentals matter, I used to fall for this over and over again. Then I learned it generally wont matter until the market can no longer afford to pay $100 per transaction.
i cant afford to pay $10 per transaction hahahaha. $10= 180 pesos argentinos :( I think the high demand has saturated the network. Its a different situation that when it was at 200, they have approached the scaling issue the wrong way, if they did. My bets are on dash and bitcoin cash right now. The market is irrational in that sense, if it keeps that way it would be cheaper to make bank transfers. ;)
Yes but why would you want to do lots of transactions ? I have bought and sold BTC but why would I want to send it ? I exchange it for ETH mostly and send that - I tried LTC but ETH has proven to be cheaper and faster so far, costs next to nothing, everybody uses it and the longest wait has so far been 20 minutes, which is bearable.
This guy is heavily invested in BCH, he's been paying other youtubers to propagate it (like 'we are change') - if you want to trust him, first watch his body language and facials.
Definitely not a con man !
Don't get me wrong - BCH is great, why wouldn't we be excited to see the entire market crash for the sake of having another altcoin that does stuff marginally better than bitcoin ?
Who wouldn't sacrifice the chance of adding another 20% to their earnings before Christmas, in a word, who wouldn't want to pay a lot of money to have such a coin around ?
These folks are just making money with manipulating the market.
I go out of Bitcoin at 17500, fiat it is, and I will be watching for awhile...
The one thing I certainly won't put money into being BCH, for the simple fact that it's not so much better than the original anyway, and I hate manipulation attempts by a couple of sleazy c-movie characters.
The bitcoin brand has been damaged beyond repair, so we can all look forward to investing in decisively more sensible altcoins, preferably those with decentralized exchanges, in the upcoming year.
BTC fundementals are bad, but BTC goes up anyway. BTC fundementals have been bad since 2015 when it traded for $200. But the market doesn't care about fundementals so long as transactions are processed. It does this well enough by charging $15+ to do it. If it's $100 per transaction, it'll still work in the end. It may eventually compete with other coins when it gets that bad. Will be much higher in value then.
It's like a newbie mistake to think BTC fundamentals matter, I used to fall for this over and over again. Then I learned it generally wont matter until the market can no longer afford to pay $100 per transaction.
i cant afford to pay $10 per transaction hahahaha. $10= 180 pesos argentinos :( I think the high demand has saturated the network. Its a different situation that when it was at 200, they have approached the scaling issue the wrong way, if they did. My bets are on dash and bitcoin cash right now. The market is irrational in that sense, if it keeps that way it would be cheaper to make bank transfers. ;)
Yes but why would you want to do lots of transactions ? I have bought and sold BTC but why would I want to send it ? I exchange it for ETH mostly and send that - I tried LTC but ETH has proven to be cheaper and faster so far, costs next to nothing, everybody uses it and the longest wait has so far been 20 minutes, which is bearable.
This guy is heavily invested in BCH, he's been paying other youtubers to propagate it (like 'we are change') - if you want to trust him, first watch his body language and facials.
Definitely not a con man !
Don't get me wrong - BCH is great, why wouldn't we be excited to see the entire market crash for the sake of having another altcoin that does stuff marginally better than bitcoin ?
Who wouldn't sacrifice the chance of adding another 20% to their earnings before Christmas, in a word, who wouldn't want to pay a lot of money to have such a coin around ?
These folks are just making money with manipulating the market.
I go out of Bitcoin at 17500, fiat it is, and I will be watching for awhile...
The one thing I certainly won't put money into being BCH, for the simple fact that it's not so much better than the original anyway, and I hate manipulation attempts by a couple of sleazy c-movie characters.
The bitcoin brand has been damaged beyond repair, so we can all look forward to investing in decisively more sensible altcoins, preferably those with decentralized exchanges, in the upcoming year.