i'm hugely bearish on BTC & coinalikes because of my general contrarian nature and that I think it is far, far, far too hyped and institutional shekels are meeting geek boners and the world-destroying force of techno-optimism, I think that there still maybe fun to had, but at the end of the day, the shekels aren't going to the ruggedly handsome libertarian with a musket, so to speak. as far as non-BTC coins, of course, there's too damn many of them ... basically, it's the dot com bubble, only instead of making computers spit out rainbows and unicorns and selling it to investors they're skipping the whole part about purporting to need rainbows and unicorns

@Deleted User used to be that you could just send some Russians cash in a vacuum sealed envelope.

but now mainstream bitshekels try to straddle a liminal between obviously illegal and legitimate investment, neither of which was exactly what the originators had in mind (but that's typical, look ath the Internet)

one expects such services still exist, but obviously aren't advertised and equally obviously are liable to be scams / this of course is all the fault of Silk Road, like most things (ask me my Ross Ulbricht story sometime)

@Pavel Cristović are you going to short BTC?

So new to this, but basically use coinbase, then get their mobile app and I can use at a bitcoin atm via the qr code from the app?

Thanks btw for the previous info all. Still really new to me.

Excellent debate about BTC vs BCH:
https://youtu.be/4NAK-NCjdoM

>Get $100 worth of BTC
>"Warning: Amount too low to cover costs of BTC fees"

Holy crap BTC sucks

@Tanner - SC The debate is _not_ between BTC and BCH but rather between BCH and all the other forks that happened around the same time

The other forks are going nowhere, BCH and BTC are the dominant players and worthy of debating. You might already be convinced that BTC is dead, but many others are not and need to see this debate.

I'm not convinced BTC is dead because it has name recognition and the software can be updated. It almost was a few months ago

Blockchain is 9 years old this month! Here was the first block mined:
https://blockchair.com/bitcoin-cash/block/1

Do you think the BCH/BTC transfer rate will get better than 5.73

I think yes.

oh already up to 5.79

I have 10k bet bch will reach parity

Just to be sure, I want the highlighted number to go up right?

@this_that5553 in the past 24 hours BTC went up and BCH went down, does that help?

@ThisIsChris I'm trying to understand how that rate number works in my favor. If the rate of "BCH/BTC" goes up, do I get more BCH when I shift it?

i just bought in, might not hold but expecting another spike at lesat

Oh yeah, if BTC goes up and BCH goes down, I should shift to BCH and get more

chart looks pretty good atm

did anyone get in on ZCL last week?

it still may have some legs and is going to award a coin called btc private to holders supposedly on 1/8. Potential dump at that time though, I'd be careful.

I have a very small position, most of the gains were already had but could see some more. Will prob sell just prior to fork after what happened with XVG. NEO looking good, XRP will probably keep pumping too.

@this_that5553 "BCH/BTC" is "how much BTC do I have to spend to get 1 BCH?" If you have BTC you want that number to go down, I'd you have BCH you want that number to go up.

oh fug

yep

btw its been going down :[

stablizing though

@ThisIsChris If you have BTC I wouldn't be terribly concerned if it went down. While there is some inverse correlation, I haven't noticed it to be terribly strict. BTC is becoming a medium of exchange for not only BCH but the vast number of altcoins available on the market. If you have only explored coinbase and GDAX you may want to check out Bittrex or Binance to familiarize with altcoins, if you haven't already. At this stage in the game, that's where the biggest profits are. :]

Wait “BCH/BTC” should mean “how many BCH per one BTC”

So if that number is high like 8, that means that if you buy BCH with BTC then you’ll get 8 times what you have with BTC.

So I do want that number to be high.

@this_that5553 BCH/BTC is about .158 now, so you need .158 BTC to buy 1 BCH, or equivalently 1 BTC will get you 1/.158 which is 6 and change BCH.

If you have BTC right now then you want BCH/BTC to be low.

Show me the number you’re looking at. Your rate number is reversed

“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

@this_that5553 https://www.coinexchange.io/market/BCH/BTC

@this_that5553 https://www.tradingview.com/symbols/BCHBTC/

@this_that5553 https://www.coingecko.com/en/price_charts/bitcoin-cash/btc

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