This is my take on it. Whales who have a stake in seeing BCH succeed are pumping everything they've got into the coin to foil the difficulty adjustment that comes tomorrow. At this rate, if they can get BCH to around $2000 by tomorrow night, then it will remain profitable after adjustment and we won't see miners flee back to BTC afterward. This will be the death blow for BTC as miners all consolidate under the BCH banner for good.
$2000 is the tipping point. If BCH can hit it in the next 24 hours, then it's going to keep rising forever. If it doesn't, all those gains are going to siphon back into BTC and BCH will deflate back to 10% value of BTC.
What hurts me is that as soon as this is picked up by mainstream media, possibly all of crypto will take a hit. It's not yet very well known among normies that crypto is prone to manipulation, but now it will be.
Mason Miller
>It's not yet very well known among normies that crypto is prone to manipulation, but now it will be. lmao deluded legacycucks
Nicholas Edwards
Yeah it may all be for nothing. If all the boomer and bro money remembers to check into their coinbase account in a week and finds out their $10k investment is now worth $3.50, that money's coming back. A whole generation's gonna get burnt and stay in fiat from now on. And we need the bromoney flowing in to keep growing, regard which coin ends up king.
Aaron Murphy
Fuck me. that money's NEVER coming back*.
Jonathan Flores
Pretty much this. But the chinks want a chink controlled crypto scene or no crypto at all. They would take their profits to fiat and watch all of crypto burn
Joseph Cooper
>This will be the death blow for BTC as miners all consolidate under the BCH banner for good BTC would have to (finally) change the algo and carry on. BTC have waay bigger community than BCH and more support from big businesses (exchanges etc). But to pull that off, Core would need to do 180 degrees flip on narrative that any contentious forks are bad and are shitcoins.
Elijah White
>if they can get BCH to around $2000 by tomorrow night, then it will remain profitable after adjustment Can you help a noob like me understand what this means?
Mason Sanchez
A coin is profitable to mine if it's easy to mine. If a lot of miners mine it, then after a certain period, it becomes harder to mine again. You compare how hard it is, with how much money you get for mining it. Then decide, BTC and BCH use the algorithm, so miners switch from one to the other. When nobody mines BCH and has 60 minutes blocks, difficulty adjusts, and it's super easy to mine, so even if it's dirt cheap it becomes profitable to mine it. Then they get 1 minute blocks. In general the BCH algorithm for difficulty adjustments is fucked up, and the inflation has gone up a lot compared with BTC
Evan King
We don't need that speculator money. We need end-user-of-services and business money. That will come in 2018 on the backs of previously called "shitcoins" that are utility tokens for services / platforms that run on blockchains like ethereum, neo, qtum, stellar, etc.
This is inevitable to occur due to the extreme efficiency gains that blockchain tech allows through information handling automation in many industries. Businesses that don't adopt will get outcompeted by businesses that do.
Ryder Long
You guys sound exactly like the Bancor shills from a few months ago
>oy vey goyim, you'd better buy my bags immediately or all of cryptocurrency is in danger!!
Jaxon Adams
Absolutely this. If the chinks get their "flippening," there will be no crown to assume. If they succeed in killing BTC, it will destroy confidence in crypto as a store of value for decades, if not forever. And they seem to be too stupid/shortsighted to realize they are trying to kill the goose that lays the golden eggs.
that's how it is, that's the beauty of eraly stages, but if King survives all that shit it'll only become stronger
Caleb Nguyen
The credibility of proof of work coins needs to be ruined sooner or later, and it's better if it's sooner. The miner politics and centralization that comes with them as an implication of how they function is simply revealed. This is cutting away a cancerous limb from crypto. Yes it will hurt short term, but it's necessary.
Thomas Hill
These shills are getting more and more desperate
Caleb Brown
This "destroy confidence in crypto" pasta is getting old. The dragon's den asleep on the job again?
Austin Scott
This.
Everyone, remember when mt gox destroyed crypto cred forever and we never had any crypto any more? Those were there days.
Remember when everyone stopped using the internet because of nigerian scammers? Those were the days.
Camden Jenkins
>extreme efficiency gains that blockchain tech allows
remember when you told your stepdad you were a faggot and he kicked you out of your mom's house? that was yesterday.
Hudson Carter
you retard, coinbase normies will get their bch in december
Noah Long
DYOR is far more important than ever. There's millions of dollars at stake and for sure along the way you're going to get people paid to shill whether its astroturfing or writing news.
Benjamin Thompson
literally fuck them in their tight holes VB is the king of crypto FUCKING POW 2018 is going to be all about POS and the chinks can go fuck themselves
Wyatt Reed
Actually if more miners mine it (since it's more profitable), it might accelerate a bit
Andrew Ramirez
it's january 1st, and then 500k BCH will be dumped instantly.
Wyatt Butler
and bch will gain mass legitimacy
Elijah Baker
Thankfully that won't happen. You BCH shills are going to regret this.
Noah Miller
holy fuck just imagine coinbase adding BCH gateway. Sure there is a big possibility of a dump when they release but then the rise will be exponential
Dylan Mitchell
you sound an awful lot like barbara specter
Aaron Thompson
You did hold your forked coins right user??
Jace Turner
BCH gets released from Coinbase Jan 1st. We've known this for a long time
Kevin Flores
q1 2018 user
Zachary Turner
you dumb niggers realize this has already happened like 4x right miners are ALREADY mining btc and the difficulty is already rising, thats why mempool is clogged lmao
Jose Clark
Or they might go, "nice, free money" and keep it.
Cooper Jenkins
I'm bumping this cos I think it's an interesting analysis.
Moving some BTC right now to sit out in fiat.
Hudson Clark
bump for interest
Michael Bennett
You're absolutely right. BTC Tx fees are going through the roof, and Antpool is only confirming their own Tx so that they can sell everything and escape BTC.
Save this img. You're going to have to cut off your left nut in order to afford the tx fees during the next week.
Blake Phillips
It's the old "centre-of-the-universe" meme
Blockstream getting rekt BTC holders BTFO
Daily reminder: Bitcoin Cash is Bitcoin.
Jaxon Carter
Wait, this is fucky. Something is not adding up here.
According to this site, when difficulty (red line) jumps, it is supposed to jump to the green line.
Bitcoin Unlimited in March, the UAHF in June, the pre-BCash FUD scare in July, and this Fall's 2X propadanga. FOUR big block failures in eight months -resulting in nearly $8,000 Bitcoin, and we're supposed to worry about a newly hard-forked BCash? Gimme a break.
Evan Thomas
Mt gox happened to coincide with a btc recession that lasted 2-3 years
Thomas Wood
Yeah it was a 2-3 year depression after gox. And that was just one exchange going under, not an inherent flaw in the currency that serves to strip it of its inherent utility and promises.
Asher Ramirez
Relax, boomers are going to be checking out of life pretty soon anyway.
Jaxson Carter
1.71x at the moment
Why even bother mining BTC at all unless to process your own Txes so you can escape the sinking ship.
Sebastian Sullivan
>to process your own Txes so you can escape the sinking ship
how does this work?
Mason Miller
Their will be no flippening, not in the long run. it will become a mergering. That is to say, Bitcoin become the gold standard and storage, and BCH becomes the new spend coin for BTC. BTC and BTC prices will be linked, btc always being higher because it's worth more to hold gold than it is to hold the spendable paper, But even so their will be a coupling if things continue down this road.
Miners can choose any transactions they want to include in the block.
In an ideal world, the miner takes the ones with highest tx fees, to yield the largest block reward.
But if you own a mine and lots of coin, then it may be worth it to give first priority to your own transactions.
Grayson Johnson
Enough time in this zone and cash will become bitcoin.
Nicholas Anderson
They said they'll do it BY Jan 1. It's quite possible they'll do it before then, especially now that 2x is cancelled.
Jonathan Garcia
Your calculation is off. The expected is absolute value, not value that should be multiplied with current. BCH needs much more than $2000 to get profitability parity after the adjustment.
