Message from @Volkmom
Discord ID: 534212838554861599
@Tanner - SC BCH had some forks recently, right? If you had 1 BCH a month ago then now you have 1 BCH + 1 BCHABC + 1 BCHSV, right? What's the value of your coin if you add up all three?
@ThisIsChris I had 1 BCH worth $600 a month ago. I had several, but use 1 for example.
Now I have 1 BCHSV worth $60 and 1 BCH worth $140 for a total of $200.
I sold my BCHSV and bought BCH. So I have $200 worth of BCH, down from $600.
@Tanner - SC thanks, that's very clear
And interesting
Yes
SV is looking tempting now.
I haven’t split any coins
I suspect Craig and Calvin are manipulating the market for it, but it has just overtaken BCH
> The amount of open short trades has just reached an all-time high for Bitcoin while hitting a new yearly low at $3,280.
A lot of people seem pessimistic in crypto now, it could be a good buying opportunity, but I don't know if there's a great solution yet to on-board non-experts into crypto. I think Augur is a killer app that has finally come out after a ton of development
I’m buying.
Is it easy to get started with a btc wallet?
@VinceChaos yeah coinbase is the easiest way
Ok folks. I have some STEEM / SBD that I accumulated last year, I want to trade it for something else. Right now we have some LTC. 😦 What would you get if you were me???
BCH
out😁
just kidding.
So is BCH predicted to rise?? Looks like it is down from a year ago? I am So out of the loop!
@Volkmom unfortunately probably not. I think cryptos are generally useful but I wouldn't hold large quantities of it at a time. It's like gold, you may hold some of it but generally it's better to buy it just when you think you're going to use it.
IMO, BTC and BCH are the originals, none of the other coins have brought anything useful to the table. Of the two, BTC has no ability to scale because it deliberately limited its number of transactions per hour to a tiny number. BCH can do unlimited transactions per hour.
@ThisIsChris That makes sense. I have never purchased crytpo with USD, (my personal policy) but I earned some SBD from blogging on the STEEM blockchain last year. I am just trying to figure out what to do with it now, bc it doesn't add up to much USD. Also, to convert it to USD and get out, I would need to buy BTC with it first anyway.
The ultimate value of any crypto is its ability to function as a medium of exchange. There are technical and legal components to this ability. When making crpyto investments attempt to assess it's value as a trade medium. One primary technical limit is transactions per second. Another is security. Imo all cryptos must be assessed relative to BCH for value they bring to table.
You can assess a crypto worth by comparing its technical merits against bch and then evaluating it's value per unit adjusting for volume in comparison to BCH
Buy low, sell high. Imo now is good time to get into cryptos. But discriminate. Buy the good ones.
@Perihelion - CA do you have a particular place to buy you recommend, or particular coins to buy?
Coinbase
Any opinions of trading crypto on Gemini? They have a huge ad campaign going on right now, looks like they are really trying to break through and I think they are the standard exchange that CME uses to price their Bitcoin futures
Gemini is founded by the Winklevoss twins, so I trust it.
I like paying my IE fees (dues, merch, etc..) with BTC. Any suggestions on cheapest way to convert USD and transfer?
@Perihelion - CA What are *the good ones?* 😂
this i need to know... i have about 190 SBD... 😫
Coinbase, Gemini, Kraken are all American and trustworthy. Bitstamp is European and trustworthy.
Is crypto back?
no 😢