Message from @this_that5553
Discord ID: 398472915575635968
“BTC/BCH” should be .158 while “BCH/BTC” is 6.03
If BCH per one BTC were low, then I’d get only a few more BCH with one BTC. But seeing that it is 6, I should get 6 times the coins
Yeah we’re saying the same thing. You want the price of BCH per one BTC to be low. But you want the number of BCH per BTC to be high
We’re just looking at different metrics
Yeah looks like it
Looks like prices are leveling out now though. I might want to buy
@this_that5553 could be! Do you have any thought why BCH will go up soon?
Not sure. Other than people being able to actually use BCH for practical things
I think BCH will get its own address format soon though
It's own address format? What does that mean/do?
Right now it’s impossible to tell if someone sent you a BTC address or a BCH address. So communication has to be very clear and explicit
The bitcoin.com wallet account for this by having rollover functionality
Interesting points!
I was reading about iota yesterday. Looks awesome. Sad thing is that it’s so difficult to buy into some smaller coins
@this_that5553 yeah. Are you looking to buy more altcoins? Do you have a rough plan for how you approach what to buy and sell?
@ThisIsChris I am interested in buying coins with good uses that solve issues. It’s basically like stocks. You buy the stocks if it’s a good company with a use.
Something like XRP will spike but I don’t think they’ll take off. So with stuff like that, you are riding the speculation wave but practically they’re trash
That's great, thanks! I was curious where you were coming from. Looks like you are looking for long term investments?
Ripple has had a chance to get in bed with fintech and it hasn’t worked. They offer nothing to financial that they don’t already have. Except the ability to lose all holdings because of silly human error.
More than one year in the same spot?
Yes exactly. I don’t want to have to constantly monitor. In my mind, it takes too much to buy in and the chance of losing annoys me
BTC fees are %15 for crying out loud
Wow that's a lot.
Now you see why people are switching to alt coins haha
Cool well it looks like some solid thesis, good luck.
@here just a generic and friendly reminder to not risk money you can't lose. Also that no one here has a crystal ball and unforseen risks can arise.
And you don’t have an obligation to invest just because the alt right spergs about it
I'll second that, @ThisIsChris and I want to stress to the younger folks. While I don't have the professional experience that some of our finance guys have, I do have a master's degree where we covered finance, accounting, and economics. That does not mean this is an argument from authority. Second, I'm an oldfag. I've been through two crashes, I've been investing since prior to the dot com boom (and bust). I'm on track for my retirement. Even if there's another crash, it is more than likely that I will be able to stop working when I decide I want to. What's the point of this? I'm telling you YOU CANNOT PREDICT THE FUTURE. YOU. CAN. NOT. DO NOT FOOL YOURSELF. ANY CHARTS OR ANALYSIS YOU CREATE, USE, ETC. INTRINSICALLY ONLY LOOKS AT THE PAST. YOU DO NOT KNOW WHAT WILL HAPPEN TOMORROW.
Always remember that. Always.
You may make better guesses and predictions than some other people do. But you cannot know the future with certainty. Do not fool yourselves.
My 10k crypto currency fund is all from crypto gains. I cashed out my initial investment already.
@Perihelion - CA same here!
Excellent!
This may be a crazy prediction, but given the buzz of NEO heading into 2018 NEO GAS may be a second chance at the gains NEO has seen. I doubt it will go as high as this guy predicts but thought I'd share. Obviously do your own research and trade at your own risk. https://steemit.com/bitcoin/@haejin/gas-is-ready-to-power-a-233-profit-target-0-008724-btc
saw this 😅
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