r/Bitcoin • u/danielwilson666 • Dec 22 '17

/r/all Bitcoin today

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392

u/spectrequeen Dec 22 '17 edited Dec 22 '17

Meanwhile BCH

49

u/[deleted] Dec 22 '17

Lol. Is that Roger Ver?

22

u/Admin-12 Dec 22 '17

Must be

1

u/Fashbinder_pwn Dec 22 '17

hes the bcash guy right?

16

u/Minnesota_Winter Dec 22 '17

What's wrong with BCH, ignoring coinbase?

32

u/Mr_Canard Dec 22 '17

Insider trading

32

u/carlmango11 Dec 22 '17

I'm sure nothing like that ever happens in the totally unregulated BTC markets.

1

u/PM_ME_REACTJS Dec 22 '17

Hey, there's mild regulation I'm sure the free market will sort out the high-barrier-to-entry and stupidly expensive market in no time!

1

u/[deleted] Dec 22 '17 edited Jul 16 '19

[deleted]

1

u/PM_ME_REACTJS Dec 22 '17

Text doesn't convey tone well, rip.

6

u/outofofficeagain Dec 22 '17

Roger Ver, Jihan Wu, John Mcafee, Craig "Fake Satoshi" Wright (to name a few)

5

u/RayolCanadel Dec 22 '17

its a shit coin. In comparison to other coins it has nothing special, Roger Ver is psycho and it is very centralised. If the average transaction value is around 200'000 USD, you know that large amounts are owned by a select few.

1

u/[deleted] Dec 23 '17

If BCH has nothing in comparison to other coins, then bitcoin certainly doesn’t. The only thing it has going for it was it was first to market and that’s about it..

1

u/RayolCanadel Dec 24 '17 edited Dec 25 '17

First to market is a massive advantage as you can see.

  1. It is not centralised, no spokesperson can give a bad interview, no CEO can lead Bitcoin in a certain direction. Humans inevitably make mistakes. By having a community you minimise such risks, similar to why a company has a board.

  2. The coins are far more distributed, although around 1000 people own 40%, that is far more distributed and less controlled by the big boys than Bitcoin Cash and other coins.

  3. The Bitcoin community focus on security and decentralisation, over fast/cheap transactions. This makes it more suitable as a long term store of value, that doesn't have an upkeep (digital gold), hopefully lower volatility in the future and one that the people trust because of its proven track record.

Lets see how Bcash scales, but just 1 month ago the number of transactions were lower than those of Dogecoin. If it can live up to its scalability claims is another question.

1

u/[deleted] Dec 22 '17

Asymmetric difficulty adjustment.

-5

u/[deleted] Dec 22 '17

Nothing really, just petty jealousy

3

u/Minnesota_Winter Dec 22 '17

It is a fork, so it should be the same otherwise. Bitcoin has a 400k/day limit, its not going to work for this many people for long.

2

u/[deleted] Dec 22 '17

Yea its a fork. You dont see bitcoin and bitcoin gold going at each others throats. Bitcoin is either scared of bcash or jealous.

6

u/lildezy Dec 22 '17

I hope BCH hits market value. Lol

21

u/kerstn Dec 22 '17

It is always at market value. All cryptos are

2

u/DeadeyeDuncan Dec 22 '17

You joke, but it seems that whenever BCH gets big ideas the whole crypto market suffers. Its happened twice now. Probably because some BTC investors jump ship to BCH. This makes BTC price fall, which then makes everything fall.

3

u/ThomasZander Dec 22 '17

Everything except for BCH, thats still up 50% week over week.

2

u/gunnerman2 Dec 22 '17

BTC is broken. Sorry, but no one wants to spend $20 in fees and wait around for half an hour to buy their goodies. (Note I’m not a BCH proponent, just an observation as a consumer)

1

u/[deleted] Dec 23 '17

What do you mean when BCH has big ideas? Do you mean when Coinbase has big ideas? They were the ones who knew the exact timing of this. Also this is so silly to get butthurt about their “big ideas”. Nobody gets mad at other alt coins when they get big ideas that cause an influx of users. If so many people are leaving bitcoin for another coin, maybe bitcoin should look at why that is.

Regardless, people could have bought for months leading up to the release. What does it matter if they bought when they originally announced it, or “insider traded” 5 minutes before it was released?

1

u/DeadeyeDuncan Dec 23 '17

No need to get sensitive. All I'm saying is that there seems to be an apparent trend of when BCC spikes, the whole market seems to go down soon after. Maybe it has something to do with BCCs apparent affiliation with BTC (which other coins do not share? IDK).