/biz/ - Business & Finance

Maybe cold wallets ignoring the price and there's a bigger number of lost BTC than we think?

inc 2k in a week it’s only up from here

>>9285200
The market is so slow, I miss the old days

>+60% in 24 hours

>>9285223
That's actually a good thing.
Slow & steady wins the race, previous BCH pumps failed to flip BTC because they were forced.

>>9285160
We've already seen what happens when people fomo in all at once. I'd much rather have a slow burn to parity and beyond than massive pump shitshows.

>It's obvious which Bitcoin is the winner
that's why, because the world is interested in bitcoin, and nobody is interested in a chinese owned and mined clone.

>>9285160
>Why isn't bcash winning?
Really makes you think

>>9285374
Why not having both?

>>9285160
If it goes faster than 6.6666666% per day for a week or more, it could permanently kill BTC. Maybe people don't want that to happen.

>>9285160
Don't want to spook the markets. The magnitude of making every single other coin obsolete, is something that needs to be done slowly.

Coinbase saved BTC and the whole market in December. Remember how BCH took off to around 8k? That wasn't anticipated, but it was a test run. Coinbase literally had to stop BCH trading because it wold have flipped and whole market and would have crashed with BCH rising to ridiculous levels.

There was insider chatter that BCH would have hit 15k+ that day. There was serious panic mode to halt trading, because Coinbase would have been blamed for crashing the market - would have been brutal. This is one of the main reasons why Gemeni has been slow with their their plans to list BCH until June. Gemeni knew they would be missing out on new customers who want to buy BCH, but they thought it would be better to just wait and not be put into a situation where they would be blamed for crashing the market by listing BCH.

So, since it would be so easy for BCH to takeover the market each and every day, it's best to do it slowly. The BCH gang is giving people as much time as possible to figure it out, but that time is slowly coming to an end.

>>9285391
>pls buy bch :((((((((
>pls clap :((((((((

>>9286355

>>9286832
>fork.lol

>>9286355
C'mon, why the fuck are you defending Conbase for their blatant fraud? They pumped the coin days before opening their BCH markets, pumped their own market to 8k and as soon as they realized people were dumping rather than buying, they closed the fucking market, and also didn't reopen it until "there was enough liquidity in the market", which meant, "there are enough idiots who'll pay more than we've paid for it".

>>9285160
What do you mean which Bitcoin... There's only one Bitcoin and Bash is just for trash. Deal with it.

>>9285390
>why aren't I 50 points ahead, you might ask!
>>9285174
More BCH is lost than BTC. This is because every BTC that was lost before the fork is still lost on the BCH chain. Also, there are a ton of people who didin't know or didn't care and have lost the private key their BTC was in on the day of the fork and thus their BCH, but not their BTC having transferred it.

hey graig, that's you isn't it? it's kith I'm on the other side of the office. come on dude let's take a break. pakjteeish said he can fill in for us on the biz division while we get lunch

>>9287638
>pay more for something than was originally paid for

Kek, this is done every single day for every good and service.

Welcome to the free market, kid.

>>9287913
Insider trading is a crime.

>>9288012
What Coinbase did, even if they did tell their employees is not illegal but might be considered shady by some who lost out or tired old core cucks.

>>9288358
>not illegal
Until courts decide that it was, and they go to jail

>>9285384

>>9289273
Psyop memes come out, incoming.

>>9285160
Reminder that bcash is still below the level it was artificially pumped to shortly after launch.

Carry on.

>>9289288
>it's a pysop pls don't buy the real bitcoin!
I hate bcash to, you're making us look bad.

>>9289324
Putting a true statement with a hated figure undoes the power of the statement. That meme is a anti-BTC image. All of the SJW memes are.

>>9289317
It "launched" in august faggot

>>9289343
wtf I hate bitcoin now

>>9289359
?

>>9288012
non-crime*

>>9289359
>>9289288
>>9289273
Literally proving my point.

>>9289317
>November
>shortly after launch

>>9285160
It ain’t that slow, the flippening has increased by 10% in a couple of weeks.
bchflippening.com

>>9289407
If you don't remove that image I will sue you.
Bitcoin Core is the real bitcoin because moar nodes.

i saw this on bitcoin twitter along with lots of other peeps

>>9285160
It takes time to break out the mindset that BTC = the top dog.

>>9289949
>the bitcoin twitter
Newfag detected

BCH cant overtake BTC for the same reason that Burger King cant overtake McDonalds. The name.

>>9290034
It really is as simple as this.

>>9285160
Because the control theymos and blockstream faggots have held over all the English conversation mediums since 2015 have caused deeply rooted misconceptions and cult-like beliefs to be so ingrained in so many people that's difficult to overcome and is taking time. Unsurprisingly it's been non-english countries like Japan to be the first in making the switch since they had conversation mediums that weren't under the primary ones in blockstream's control (Bitcointalk and r/Bitcoin)

>>9290034

Forks are viable contenders for the original, and can at any time take the title. They retain this trait indefinitely, and should forever be called a fork, not an alt coin.

Consensus is controlled by miners and the free market, and it can come over a period of hours, days, months, or even years.

>>9290034
>>9290056
t. Absolute brainlet

>>9290034
if McDonalds started selling really expensive burgers that you aren't supposed to eat, just hold and hope to resell later, im pretty sure Burger King has a chance

Rip

>>9289576
>Antiposting this hard

>>9290034
>Food analogy

>>9290118
The problem with this analogy is that bch is an inferior good, it does most if the same things as BTC with 1/10th the security.

It's going up again.
You can't stop it.

>>9290201

How the fuck do corecucks measure security? oh right, let me guess, non-mining nodes?

>>9290252
How about hash power?

>>9290252
by the hashrate you fucking retard.
bcash could be cucked by a small percentage of bitcoin miners right now, instantly.
the same cannot happen to bitcoin.

>>9290301

Funnily enough Bitcoin has massive security flaws because of segwit and lightning. Bcore supporters are totally silent on that though.

Miner signalling is all in favor of BCH btw. They wouldn't double spend on your life m8

>>9290331
Luckily for bcash it's literally all the same miners as bcore. Most miners are in support of bcash and attacking it would only hurt their bottom line.

>>9290252
Kek/10
Also SPV makes non mining nodes pointless unless you're an exchange

>>9290252
>doesn't understand hashrate

You're literally as dumb money as it gets.

>>9290348
bcash has 13% of the total sha256 hashrate right now.
digibyte has some too, does that mean its the same miners as bcash?
its literally not the same miners.

>>9290348
You've not really thought through this. Miners have an economic incentive to tank BTC and pump BCH. The BCH fork is the first time in Bitcoins history that the economic model that assured attacking BTC was pointless has been broken. No hardware or infrastructure gets bricked, no value is lost. A mining cartel can literally decide at any time to dump their BTC on the market for BCH and switch hashpower. That would literally end BTC and they'd make a killing doing it. The only issue is making sure it doesn't spook the market too bad to have long term negative impacts

>>9290097

>>9290409
If you can mine dgb with asic, then yes. You're a dumbass if you dont realize this.

>>9290422
The primary reason miners haven't pulled the carpet so to speak on Core is because it would be all around bad for the market. It's already going to be ugly enough when btc succumbs to a loss of hashrate naturally profit incentives.

More specifically, it seems they are mining Bitcoin Cash, as they consider this to be the true vision of Satoshi Nakamoto.

>ITT: cashie psyop general

>>9290508
if 1 guy is mining dgb with his sha256 asic
and the other is mining bcash with his sha256 asic
are they literally the same miners?
no faggot, they have the same mining equipment.
if one of them has a lot more hashrate than the other, the smaller one is at risk of getting fucked on
while the bigger one is more secure...

>>9290686
Not only that Digibyte has like 5 different algorithms.

>>9290591
this

>>9290686
>have the same equipment
>point said equipment at any chain compatible
>not the same miners

>>9290686
>>9290409
>>9290331
newfags that have never mined

>>9290740
>I say a small percentage of people mining BTC can fuck over BCH right now if they decide to.
>and the fact that cannot happen to bitcoin by any group of miners at all
>he says that can't happen because its literally the same miners...
>fucking retard late adopters try to defend his indefensible claim
>>9290759
yeah sure thing faggot.
nice argument

>>9290201
it isn't and i really dont see anything happening on BTC that is exciting. whatever the crypto once had BCH now has.

>>9290895
They're certainly welcome to try, stupid faggot. Better get to it very soon before bch has hash dominance. How ever will bch get hash dominance you ask? Because it's the same miners, you stupid fuck.

>>9285160
Friendly reminder that Jihan can literally steal EVERY COIN in a segwit address with a single 51% attack if corecucks get on his nerves. Don't support Segwitcoin Core.

also look at this

This is REALLY bad for BTC.
https://fork.lol/reward/dari/btc

the larger the gap is the more of BTC's hashpower will jump over to mine on Bitcoin Cash instead of Bitcoin.

if enough miners jump over at the same time BTC could essentially freeze and its value drop to 0 because nobody can buy or sell even if they wanted to

>>9291027
I always check the DARI first before the hash power

>>9291009

>tfw Roger is actually attempting to FUD people to suppress the price of Bitcoin Cash, so Jihan can make a killing on the flippening.

>>9290976
its like talking to a 6 year old nigger.
it has the same hashing algorithm and a small amount of the total hashrate
that is exactly what puts it at risk of getting fucked.
you cashcunts try to deflect from that massive security risk, which doesn't surprise me.
yea yea, sure bud, any day now operation dragon slayer 6.0 right?

>>9291232
>meanwhile funds are safe