Talk about Christmas surprises! Now any of you that have followed me I have been touting BCH' as a buy since $300. After all it is the real McCoy, at least in my opinion and the opinion of several code writers from the show. Now I know I will get the "scam coin" comments for sure, but its not what I think, my buddies think, or what you think, ITS WHAT THE MARKET THINKS! 1000% later we are still getting doubters.
But this transition did not go without flaws. Coinbase should be a shame of themselves especially after being on CNBC over and over last week touting how professional they are and want to be the NASDAQ of cryptos. Message: In my humble opinioin "YOUR NOT! AND THIS WAS UNACCEPTABLE AND DOWNRIGHT CRIMINAL. In any regulated environment the SEC' would be at the door this morning! They lacked professionalism, preparedness, and were criminal using the market to profit from their foreknowledge (in my opinion). There needs to be an investigation period! This hurts the space as a whole; we expect it from others not from you!
How the release should have been done. 1) The announcment should have been done on CNBC and several other news agency AHEAD OF TIME! 2) The first day or so there should have been NO TRADING with wallets only to be used for access into not out of! 3) The first day of trading should be monitored with circuits ready 4) Be prepared to act not react!
Someone should be fired and that someone is the COO Asiff Hirji!
BCH' has been crushing the market since $300. Today I look forward to listening to Roger Ver in his interview with CNBC and I hope he read my last article.
You may think Bitcoin' Cash is a scam coin, but the market is the judge in the long run. They have slowly locked in #3 in market cap and by next year this time could be challenging Bitcoin' for #1. Sounds silly? So did bitcoin' last year with a $4500 target level. How did that work out for the doubters? I was one, but you adapt or perish.
Roger has his eyes not set on #1, not the #1 alt coin, the #1 coin PERIOD. He is passionate about the space, and passionate about BCH'. This differs in style from Charlie who tweeted litecoin' was overpriced and be careful buying here. Why Roger has his eyes set on the throne, Charlie is downgrading the price of his coin. Who do you want running your company? I dumped my litecoin' last night and bought DASH' QTUM' NEO' and ADA' . I want winners and players that have their eyes on being the best and are passionate about the game. Charlie is a follower and not a leader. His twitter account says it all. I am long term and as coins are added to Coinbase LTC’ will become irrelevant at this pace.
BCH' has great momentum and has reached a new ATH'. Why did I add last night? Well my auto sell order went in, I went to buy back the dip, and because of the cluster I bought twice! Thanks Bittrex, hopefully NASDAQ buys you guys out!
Bottom Line: A full investigation into coinbase should be done by a third party. Any employee of coinbase that leaked information or bought as an insider should be hung in public. COO Asiff Hirji should be FIRED immediately. There is no excuse for this and unless heads roll you will not have the faith of the market. With the NASDAQ, and others looking to enter, you better tighten it up!
Disclosure: Long: DASH QTUM NEO ADA and BCH Sold: LTC
Couldn't agree more with your sentiments on Coinbase. I think action needs to be taken against these morons.
My stop losses were going off like Santa's sleigh bells last night. Managed to rectify things and be relatively unscathed except for GDAX BTC-GBP which I got royally f!cked on me.
I personally witnessed a lot of chat and panic related to people who mistakenly thought BCH was actively being traded at $9500 - if you go on GDAX right now it still looks lke that's the case for a split second or more.
As for BCH becoming the true BTC. I think you may be misinformed. I can assure you from a technical standpoint that blocksize alone will not solve scalability with BTC.
People are very much mistaken that BCH has created some amazing new code that suddenly transforms BTC to a miracle fast tx network.... it simply doesn't.
Look at the code change, it's barely changed.
I'm not a BTC maximalist, I'm not a BCH hater, I'm an objective investor with ZERO allegiance to any 1 coin or any 1 solution.
But here is a FACT - NEITHER chain, currently, offers a long-term solution to handle 4 tx per day for 3.5 billion people. BCH actually can never achieve this without massive centralisation caused by the need for ever-increasing block sizes and ever-increasing bandwidth needed to run a full node.
I dont want the whole world to run a full node, but I don't want 10 corporations being the only ones running a full node from 2 countries either.
This isn't FUD or taking sides, these are mathematical facts.
I'm a mathematician, I've studied applied cryptography starting 25 years ago, Bruce Schneier and I go way back :-), and I've had coding companies on and off for 20+ years.
I've read all plausible solutions and off-chain payment channels do offer a better long-term solution... it will be lightning or something like this solution that solves the issue NOT 8mb block sizes, or even 100Mb block sizes, or possibly we are looking at 25Gb block sizes and who knows where after that?
So BTC must do better, absolutely but BCH is another cul-de-sac and one that wrestles power from one group of maximalists into the hands of an even smaller group - who's intentions are by no means clear.
FAR too many people making calls off the back of idle chat, by maximalists, without ever studying the mathematics.
You can beleive me or not, I have nothing to prove or argue - but I think you need to look deeper and get a better understanding before you say that BCH is our saviour. :)
goldbug1
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@mr-blockchain, I do not disagree, and I do not want to give the impression I'm selling BTC as I am not, actually I sold into BTC and used the recent dip and recovery to add to coins that did not recover. I'm into my BCH for more than free at this point, but it has momentum and great press. CNBC today and several times, and Roger markets much better than Charlie, just look at the price action.
I have a couple buddies that own Bitcoin ATM's and they swear by BCH and do not like the lightning network. I never doubt them and they actually forked marscoin from BTC ;)
Regardless the market wants diversity and as coins are added to coinbase they will surge in my opinion. Never a bad time to take profits off the table and I do often!
Rosdat
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@goldbug1, BCH is literally a pump and dump that keeps hurting the little guys. Their marketing team is the only good thing they have. No developers, no roadmap, centralized nodes, contant pump and dumps, lying to the community, ran by criminals, they can decide if they want to fork at anytime, no segwit and no possible LN, etc etc etc
Literally their only argument is "This is Satohis true vision" which translates to "The iPod was Steve Jobs true vision, fuck the iphone and anything better"
Every developer that is respected says BCH is SHIT. Theres is not a single good developer that advocates for btrash....
meyou5ick
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Goldbug, people follow you and everyone is in here for all the different reasons. Your posts come with responsibility and informed awareness. BCH can make you money but I would urge you highly to put a disclaimer about the tech behind BCH, it is a complete elaborated scam with Coinbase and CNBC (check out the relation of BCH top order) involved.
These are the greed and scammers of Crypto industry which is denting the whole platform which is filled with amazing minds and technology enthusiasts. Unfortunately Bill Gates wasnt the best speaker but he was the founder of Microsoft. Roger, Jihan and all the lot want money but they are playing on the Bitcoin brand and many noobs will get burnt while they get rich. This man calls himseld a CEO where Bitcoins owner Satoshi left the project in order to keep it decentralised. If anyone wants to understand technology, see BTC. If people want to make money and be scammed then go for BCH. It is a good swing trade coin.
I urge you all to understand the technology because in the end BTC is about to change the world and when the scaling issues come to BCH, trust me there will be no one of these guys around to answer. Litecoin is much better in tech than BCH if its about block sizes and scaling.
Many people will get burnt bad and having such claims and views without disclaimer is not sensible
@meyou5ick, may I citate the original post of the goldbug?
"Now I know I will get the "scam coin" comments for sure, but its not what I think, my buddies think, or what you think, ITS WHAT THE MARKET THINKS! 1000% later we are still getting doubters."
Successfully predicted your post :)
hoschnok
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@maibuN, during the tech bubble the market overvalued 99% of the companies. that's what the market thought. 99% got burned and lost almost everything. it is not different this time. only a few currencies will stay for the long run. bch is not one of them if you ask me. I have a tech background and the indicators are obvious for me. it is not enough to talk and shill your project in this space. you have to deliver.
CorelianerGP
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@hoschnok, I have a tech background as well, please enlighten us on the technical flaws that BCH ha in your opinion. And don't talk about the harddisk space that the chain consumes, that's just irrelevant.
meyou5ick
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@CorelianerGP, Lets start with why the owners are so skeptical of adding SegWit to BCH..