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File: 7fef07ac0efb34f⋯.jpg (115.66 KB, 1301x400, 1301:400, Bitcoin-Cash-Logo-1.jpg)

Bitcoin Fork Thread Anonymous 08/01/17 (Tue) 06:42:33 No.62100

So the culmination of two years of shit flinging is finally going to be resolved tomorrow(not really, the 2MB increase part of segwit2x hasn't been honoured). This was to be your international currency, your ticket to killing fiat for good. Of course none of that happened and it just became a heavily regulated betting bubble, but some of you here probably have it right?

So, what are your predictions? Which will you sell? Where is it going to go now? What other shitty digital coins did you get tricked into buying?

Anonymous 08/01/17 (Tue) 07:00:28 No.62101

>>62100

I haven't followed it too heavily, but if a lot of the major BTC traders are refusing to utilize it, it's probably a good thing. If it survives the initial purge of everyone selling it thinking it's worthless, then it could very well become something along the lines of "bitcoin change" where Bitcoin is used for large investments/gambling and Bitcash is used for everyday purchases at ATMs and such.

Anonymous 08/01/17 (Tue) 10:06:46 No.62110

>>62100

Nothing that can be regulated can kill fiat. The same way Trump could pull a Nixon and take all your precious metals away.

>Which will you sell?

I won't. I didn't buy any. I have farmland and cattle. Business is doing great and will be even better once my parents have no say at all in it. My goal right now is pay off all the debt they keep adding constantly through their failures.

Anonymous 08/01/17 (Tue) 13:38:22 No.62117

>>62110

>pull a Nixon and take all your precious metals away.

I heard about thus, but I dont know much about it, mind filling me in so that I can enjoy some sweet sweet righteous anger?

Anonymous 08/01/17 (Tue) 13:49:48 No.62120

>>62110

I thought it was Roosevelt who took gold away

Anonymous 08/01/17 (Tue) 14:14:37 No.62123

>>62117

https://www.federalreservehistory.org/essays/gold_convertibility_ends

Roosvelt struck the first blow at gold and Nixon finished it off. Ultimately, nobody is safe from the State seizing their property unless they are rich enough to leave and have some foreign capital.

Anonymous 08/03/17 (Thu) 19:18:38 No.62632

Bump

Anonymous 08/03/17 (Thu) 20:48:08 No.62655

File: e1c7c13d51a58eb⋯.gif (5.7 MB, 1024x935, 1024:935, 9c4a56b1358f72714254189c6f….gif)

>stay up waiting for shapeshift to reopen so you can dump all your prefork btc for alts

>shapeshift reopens

>rejoice

>leave for a coffee because you think you're ahead of the competition

>come back in an hour

>alts are now just as expensive as before the crash

The price has barely gotten better since. If you're not on this 24 hours a day you literally can not win this shit.

Anonymous 08/04/17 (Fri) 00:43:32 No.62682

>>62677

LARPing this hard.

Anonymous 08/04/17 (Fri) 00:44:41 No.62684

File: f7223b33f41d0f6⋯.gif (482.83 KB, 785x757, 785:757, 1475948027871.gif)

>>62677

I'm talking about alts you delusional troglodyte. I don't know what kind of retarded numbers you're using, or why you're using B as if you even know what value or alt that denotes, but I do know you're full of shit. Shapeshift used properly keeps you anonymous for alt to alt conversions and charges a near negligible exchange fee. The fact that you're a brainless pedo who gave in his id for exchange confirmation, put yourself on a list due for losing 30% capital gains when regulation comes in, got screwed by exchange fees and sold your crypto for inflationary fiat while crypto hasn't even approached 0.001% of circulated currency, just goes to show how infeasible any of your claims are, and how far off from reality you live in. Thanks for making me realise that for every mistake I make, there'll be a shortsighted dumbass out there to make my fuck up look marginal in comparison.

Anonymous 08/04/17 (Fri) 12:30:48 No.62726

File: 12a00b4209dde33⋯.jpg (66.01 KB, 500x482, 250:241, 1444861358359.jpg)

>>62694

>he uses the market cap for anything but shitcoins

>he doesn't even know the top dozen high volume exchanges need verification

>he sold in 2013

Small time brainlet trader confirmed. Only an autist is stupid enough to use the market cap instead of the price for anything other than new 2 cent pump and dump tokens and only a complete garbage trader still uses exchanges below the verification limit after almost 5 years of trading. Apparently you're proud of having sold of most of your bitcoin at under 1K$ in 2013 too, huh? How are you going to bullshit this time? Admit you've fucked up and given an exchange your id, admit you cucked yourself over selling your coin for peanuts, or admit you've done neither and the crypto market fucked you over?

Let me know when your total net worth passes 150$, kiddo.

>he doesn't know how shapeshift works

>he's too much of an idiot to count percentages

Never finished that elementary school class that thought you percentages? Shapeshift charges a flat fee within the range of the average network miner fees, dumbass. You get an exact calculable value back on all transactions no matter how great the amount. The only time you could ever lose money on shapeshift is if you're sending 1-2$ transactions like the typical small volume shittrader. Meanwhile, your typical exchange charges you that percentage at least 4 times for each deposit, trade, miner fee, and withdrawal, screwing you even more for large trades by percentage. Have fun buying "duh gabidaliss" their lambos with your parent's savings.

>crypto is literally only valuable relative to fiat

>babby buys his first dip

Typical shit for brains communist using his zero understanding of economics to collapse his crypto gains like he collapses food supplies. Fiat loses 2% value a year to inflation even in the bank, meanwhile in two years crypto has gained 200% in value. How much of a retard do you have to be to brag about giving away something that was making money for something losing money? Bitcoin is also only 40% of total traded crypto, and my alts total to at least 40% of the rest of the market. What's it like being too dumb to make money off the rest of crypto? Let me guess, you got cucked out of alts by your exchange?

Anonymous 08/04/17 (Fri) 16:41:24 No.62742

File: 0abdda039b08a32⋯.png (11.52 KB, 530x492, 265:246, 1443866147800.png)

>>62733

>I've never gotten out of crypto once more than going into USDT recently for a few days to a week to buy back in lower.

So everything you said about fiat and crypto buying you any change in quality of life was just fantastical bullshit? And since you actually need id to sign up on tether, all that crap about not giving your id out was also bullshit?

Of course, you couldn't have just been a braindead idiot, you had to be a braindead idiot who'd have to lie on the internet to make himself feel better. Don't worry brainlet, if it makes your fiat loyalty feel better, tether loses out on even more than 2% a year from inflation, because unlike banks, they don't give back any interest at all. And when the IRS comes for their 30%, tether will know where to point them.

>lmao he actually believes this

Translation: Pedo parasite is too stupid to actually do the toddler level addition/subtraction to verify that shapeshift transactions don't rip him off, probably smiles to himself when his exchange hidden charges 5% of his crypto away for him. He probably can't count the actual percent his exchange takes from him because he's too busy looking at the market cap as if it has any useful information for trading. He's too much of a pussy to deal in alts, because he knows his single digit iq prevents him from being able to calculate conversion rates.

>You literally have made 0 gains in the last month->45days.

Confirmed for babby buys his first dip and being an entry level low volume shit trader. There have been so many rollercoasters in the alt prices even as bitcoin was taking nosedives that even retards with your intelligence could have made massive gains. You'd think someone who spends the entire day shitposting all over 8chan while molesting children on his parent's money would have the time to actually look out for alt dips, but some people are apparently too useless to even do that.

>I've doubled my crypto

More like you've doubled your reasons to kill yourself. Keep throwing your parent's savings into the market, hodlers will really appreciate that.

Anonymous 08/04/17 (Fri) 17:55:51 No.62751

>>62100

Wait. So I can't just leave my BTC sitting in my wallet appreciating (got a load of free BTC in 2015, came back and it was worth lots two months ago), because now I have to buy into this new fork because it's so much better? If I stay with the regular BTC am I fucked?

Anonymous 08/04/17 (Fri) 18:59:00 No.62764

>>62749

Can we get IDs?

Anonymous 08/04/17 (Fri) 19:13:18 No.62770

>>62751

If you have your private keys you're safe. For every bitcoin(BTC) you have, one bitcoin cash(BCC/BCH) was generated for you by the fork. BCC has replay protection, meaning you can spend and receive with your BTC wallet as usual without affecting your BCC balance. When you actually want to spend/use/sell your BCC, download a wallet that supports BCC and import your private key/seed into it. The BCC wallet will have an amount equivalent to what you had in your wallet at the point of the fork. There are some precautions around this as current BCC wallets were rush released a week ago from less trusted sources, and if you store your BCC on the same machine as your BTC both will know your private key. The general recommended procedure is to send your BTC to a new BTC wallet, install a BCC wallet into a new machine, import your old BTC private key/seed into the BCC wallet, discard your old empty BTC wallet, and then you'll have two wallets on two seperate machines, one holding BTC, the other BCC. Alternatively, if your BTC was just sitting there, you can just leave it to accumulate along with your free BCC as well.

As for whether or not BCC is better than BTC, that's what the whole conflict was about, differing technological solutions to increase transaction speed/volume. One side proposed a new and different off chain solution that fundamentally changes bitcoin's mechanism, the other proposed a simpler more conservative on chain solution with minor change in bitcoin's mechanics. As far as the typical user is concerned, the technological pros and cons between the two are negligible. What is important to note is that the off chain side managed to keep the bitcoin name and ticker(BTC), while the on chain side adopted the bitcoin cash name and were given a few different tickers by various exchanges(commonly BCC/BCH). As the off chain held the original bitcoin's value and brand name, all main fiat channels exchange for the off chain version of bitcoin. As such, with less trade support, 1 BCC is currently valued at 1 tenth of what BTC is worth, though the price has varied from 1/10 to 1/5 over the week.

Anonymous 08/04/17 (Fri) 19:25:52 No.62777

>>62770

Thanks. Looks like it wasn't as drastic as I thought.

Anonymous 08/05/17 (Sat) 00:02:01 No.62805

>>62770

Do you think BCC will sort of leech off the price of BTC, so to speak? I feel like hard forks like this should eventually correct to where the value of the original coin will be shared between the mainline and the branch, since no value was technically created. I guess I could look at ETH when the ETC split happened, but I wasn't involved with it back then.

Anonymous 08/05/17 (Sat) 00:49:22 No.62806

>>62805

If anything it'll keep the price of bitcoin lower via competition, making both more volatile. BTC will continue to go up in price, and when it reaches a certain level people will mine BCC because it lags behind a little making it easier to mine, thus driving down the price of BTC.

Anonymous 08/05/17 (Sat) 03:05:49 No.62817

>>62805

I don't believe so, I think BCC will become another avenue to attract new fiat capital, because of the already intimidating price and mining difficulty of BTC. The conservation of ASIC friendly tech and more classic features already gives it value that BTC doesn't have. The automatic difficulty readjustment and dynamic blocksize will also remove a lot of the accumulated resource requirements from the larger pre fork network. Once the anger from the conflict subsides and the politically driven buying/selling stops, BCC will find it's niche as a cheaper bitcoin investment and a more lucrative network for out competed main chain miners.

The next relevant date is August 8th, when the network decides whether it wants to uphold the 2MB block size increase part of the segwit2x deal. Depending on the outcome, BCC could become uncompetitive to BTC like ETC to ETH, it could gain large support by miners and take a sizable chunk out of BTC's market, or we could have another fork on the main chain, resulting in 3 bitcoins.

Anonymous 08/07/17 (Mon) 15:40:12 No.63172

YouTube embed. Click thumbnail to play.

>>63153

Here, have this strongman eating ten thousand calories of disgusting corpses.

Anonymous 08/07/17 (Mon) 20:21:24 No.63196

>>63194

So? There's nothing sexual about this pic if you're not a sick fuck.

Anonymous 08/08/17 (Tue) 00:18:10 No.63220

>>63153

>he pretended he was bitcoin only but poured 80% of his shit into a fucking ICO

>every single ICO has fucking crashed and none have been successful

>he didn't have alts to short with bitcoin after the first few days of stagnation for massive gains when the bitmooning began

>he loss out on deals because his exchange has a strict 24 hour withdrawal limit

>he doesn't know about the alts that have made even more massive gains than his shitty ICO

At least you're putting your coins into alts, still retarded at trading but slightly less.

Anonymous 08/09/17 (Wed) 01:17:51 No.63524

>>63239

>he thinks he has 195k from an ico

>he pretends he could do that on any exchange without id

Keep holding those worthless tethers, small trader

Anonymous 08/09/17 (Wed) 03:45:17 No.63548

>>63526

>using shit exchanges

Getting ready for those fractional reserves to run off with your coin, huh?

>2fa verification tier

Confirmed low volume trader or someone who will never get his withdraws out before his exchange collapses

>complains about "shitcoins"

>complains about alts

>my nigger IoTA, some in ETH, and I noticed ICN & XRP

Gotta lie between every post huh?

>Going to sell some out of IoTA and diversify properly again tonight before some #cuddles because having this big of a portfolio is making my ancy and I need to reset myself for a few days with extra girltime so I can get used to it.

>panic selling

>getting nervous over first mid volume trade

It's over, kiddo.