The Crypto Guy
Registered User
- Jun 26, 2017
- 26,591
- 33,850
May have been asked before, so my apologies. Where are you guys buying cryptocurrencies?
Happy to see my ARK doing big things today.
Your best gateway, if you're in North America, is something like Coinbase where you can exchange fiat for BTC/ETH/LTC. If you want to buy something else, look at what exchange it's being traded on (e.g., Bittrex, Binance, etc.) and open an account there, then buy some BTC from Coinbase, transfer that to your preferred exchange, and buy the coin you want to buy.
Yay, the bots and millionaires are pumping Bitcoin Cash for absolutely no reason. Oh wait, it's the old pump and dump. Everything else suffering. Keep up the good work bitcoin.
Yes Bitcoin.com is owned by Roger Ver, one of the people propping up Bitcoin Cash I referred to above. It's basically him and Jihan Wu that are driving this thing.
I think Lightning implementation in BTC will solve a lot of the scaling issues.
There are a lot of coins that theoretically scale better with lower transaction fees than Bitcoin. If that were what matters most, Bitcoin would've been dethroned awhile ago.
All of this is relevant, I'm just disputing the "no reason" part. I personally have never bought BCH and don't plan to.
I don't think you know what pump and dump means. Or "no reason", for that matter.
Can't see why you're complaining. OMG rose because of a damn skateboard. All coins experience some sort of pump because of hype.
You're trying to think rationally about an irrational market.
Bitcoin was shorted like crazy in August by China and they all got destroyed.
That thread has some of the bigger ones. That's like $50 million lost betting against Bitcoin.
As far as I know, there aren't as many big shorts (8 figures) in play right now.
But I agree with the larger point that Bitcoin Cash will keep trying to destroy Bitcoin. I've posted about it a few times. They've made a few attacks already that haven't worked, this recent pump is another one. Right now it's much more profitable to mine Bitcoin Cash because of the price increase. Of course, that could change in a few days, but they're hoping to have large groups of miners switch over. They have some very powerful people on their side and will remain a real threat. I just don't think it will work. I believe the market will continue to value the decentralized nature of Bitcoin over a coin controlled by a few people. But in either case, it's a fascinating study of game theory and economics playing out. Could make for an amazing Social Network-esque movie when it's all over.
Say BCH was successful, what does this mean for alts or crypto in general?