MISC Crypto Crew (MCC) Vol.4: Bitcoin Wars Episode IV: Revenge of the Core

[StevieSparkZ]

IN on new thread!

Pretty soon, we can give our kids a "small loan of 1 bitcoin...."

[gixxer0.6g]

The supposed Segwit2x block has passed. I wonder if that small group really went through with the fork

Is there supposed to be an added token for this fork? If so has the snapshot been taken

[gixxer0.6g]

The more I think about it the more I think BCC is going to pump hard post fork as GOAT said. They proved themselves a few weeks ago and people will take BCC much more serious this time

[refsum]

The more I think about it the more I think BCC is going to pump hard post fork as GOAT said. They proved themselves a few weeks ago and people will take BCC much more serious this time

A lot of people got burned hard on it. Don't you think people will dump it fast as soon as they get their money back?

[gixxer0.6g]

A lot of people got burned hard on it. Don't you think people will dump it fast as soon as they get their money back?

It's not going to be long term hold. But if it pumps half as hard as it did last time there is a lot of money to be made.

Regardless BCC is a great hedge against btc and a safe place to be if btc takes a tumble

[tekkenbruh]

The more I think about it the more I think BCC is going to pump hard post fork as GOAT said. They proved themselves a few weeks ago and people will take BCC much more serious this time

Proved? It put up a fight for a day or 2 and then went down like a sack of ****. If anything, I'd say all this drama gave BTC only more power cause a once-serious challenger appeared and looked good for a moment but then got taken down and BTC ended up reaching a new ATH

[Legacyx]

whats everyone using for swing trades and alts right now? looking to get back in to it only have cuckbase and my hardware wallet right now

[2020Wellness]

whats everyone using for swing trades and alts right now? looking to get back in to it only have cuckbase and my hardware wallet right now

It seems like Bittrex, Binance, and Etherdelta are the most commonly mentioned exchanges for alt coins.

[jamalfudge]

Proved? It put up a fight for a day or 2 and then went down like a sack of ****. If anything, I'd say all this drama gave BTC only more power cause a once-serious challenger appeared and looked good for a moment but then got taken down and BTC ended up reaching a new ATH

Bcash isn't going anywhere. When the dust settles it'll be a top transactional crypto along with LTC. Btc will be the digital store of savings.

[jsafari]

In on new thread

[KillahJon]

bb-but i thought alts were supposed to moon after the fork.

[NoNewGainz]

The gambler in me says to move it all to BCC right after the fork.

The cuck in me says move it to USD and wait for the dust to settle.

In for another exciting and stressful day of crypto

I think your gambling side may be right this weekend. I need to sell my bitcoin before it corrects, but also scared it might moon. Wutdo.

[1MPGD]

IN on new thread!

Pretty soon, we can give our kids a "small loan of 1 bitcoin...."

trendline says 100k in less than 9 years :P

[Silencespeaks]

also has anyone noticed that usd tether is over half a billion dollars now? something fishy there, cause there is no way they have more than a tenth of that much cash on hand if people rush for the exits because of dat dere fractional reserve system

I don't think there is any allegation that tether is backed by any USD reserve at all right? From my limited understanding tether is just a price entry on an exchange but not tied to any actual USD backing it.

[NoNewGainz]

bb-but i thought alts were supposed to moon after the fork.

Alt coins will not recover until bitcoin CORRECTS HARD, like a real natural correction and trades sideways for awhile. Last 5.5k correction doesn't count, that lasted only a few days and was caused by manipulation. Then when bitcoin starts recovering for the hard correction and on its way to a new ATH, that is when alts will boom as well. I don't think this is happening until next year. However there will be a few alts that will do well during this time period, mostly GOAT's picks and PBC picks.

[WinningBrah]

Sold half my remaining WTC at 66k sats during that mini pump right after the fork block. I'm now like 60% out after pulling some out for BCH last weekend. I'll get back in in late December/early January if it's still low but until then I think I can get better returns elsewhere

[gixxer0.6g]

I didn't think the fork was happening for a few more hours. Can anyone confirm?

[Tornach]

In...

[TurkBrah]

I just can't trust BCH to gamble with it.

[gixxer0.6g]

I just can't trust BCH to gamble with it.

I'm 50/50 right now. Prob won't make any money but hopefully won't lose any either. Inb4 everything goes down and people cash out or move to alts.

[2020Wellness]

I didn't think the fork was happening for a few more hours. Can anyone confirm?

CB said roughly between 6-8am Pacific time. We're right in the middle of that timeline now.

[Contribution05]

Is putting 5% of your weekly income into Bitcoin a smart investment strategy? I have 1.2 ETH and a small amount of Bitcoin. I would love to hear yall's opinions on this.

If I were in your shoes I would do like 3% BTC and 2% ETH. Just make sure to use gemini or Gdax so you don't inquire the huge fees from coinbase. I think long term everyone hopes 2 years from now that you will get 200-300% returns over time. So if you're not comfortable trying to trade, then just buy when you can with what you can and let it ride for a couple years.

Though the 2-3x are no guarantee. Obviously there is always the chance it goes the other way and your money goes down the drain, but most people here are hopeful that won't happen including myself.

[Silencespeaks]

Following up on my tether comment above. Was thinking this through more and it seems tether works like a store credit. You can use it to buy things at the exchange/store but you can't cash it out for USD and it doesn't have any USD value outside the exchange.

[gixxer0.6g]

CB said roughly between 6-8am Pacific time. We're right in the middle of that timeline now.

Hmmm. Nothing is moving. I keep waiting for something to explode but nothing happening.

Following up on my tether comment above. Was thinking this through more and it seems tether works like a store credit. You can use it to buy things at the exchange/store but you can't cash it out for USD and it doesn't have any USD value outside the exchange.

That's a good way to look at it.

If that tax expert guy is right and every transaction needs to be claimed, then I don't see the point of tether if it has the same tax implications as cashing out to USD.

[jamalfudge]

Alt coins will not recover until bitcoin CORRECTS HARD, like a real natural correction and trades sideways for awhile. Last 5.5k correction doesn't count, that lasted only a few days and was caused by manipulation. Then when bitcoin starts recovering for the hard correction and on its way to a new ATH, that is when alts will boom as well. I don't think this is happening until next year. However there will be a few alts that will do well during this time period, mostly GOAT's picks and PBC picks.

I think the alt market is waiting to evolve to a higher level before we see the next major alt pump. Just think how far crypto has come in the last 4 months alone. We need an earth shattering company to come along ready to make money now rather than crowdfund their startup. This ain't your grandfather's crypto anymore.

[2020Wellness]

That's a good way to look at it.

If that tax expert guy is right and every transaction needs to be claimed, then I don't see the point of tether if it has the same tax implications as cashing out to USD.

Convenience. For me, I don't want to have to move BTC from Bittrex to Gemini every time I want to get out of BTC, especially when it can take hours or days to do so sometimes.

[WinningBrah]

The segwit2x block passed boyos. Just look on block explorer

[Berts]

BTC needs to drop. Plz give me an opportunity to buy in.

This, I'm ready to buy more but waiting for it to drop to the low 60's.

[refsum]

This, I'm ready to buy more but waiting for it to drop to the low 60's.

What if it doesn't and your choice is by at 8k now or by at 10k later?

[SleeveStretchin]

wtfis happening