RE: PSA: Do not Send Bitcoin Right Now!

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PSA: Do not Send Bitcoin Right Now!

in bitcoin •  7 years ago 

Yup, but there's more to the game underneath that level of news I've been hearing from lots of informal sources. It was potentially a staged clogging of Bitcoin's network to cause panic and negativity to further promote Bitcoin Cash as the newer, faster, cheaper, and fast running alternative that "could be the new Bitcoin!"

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7 years ago by

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      ·  7 years ago 

    I honestly don't doubt it. I'm sure there are lots of shady things happening in the background to manipulate the markets. I have been seeing the term "pump and dump" associated with Bitcoin Cash. Haven't really been keeping my eye on either BTC or BCH too much and the news around them. Just picking up little bits here and there.

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        ·  7 years ago 

      You guys, these transaction times and fees have been an issues since the beginning of 2017. It wasn't some elaborate ploy by BCH or "miner collusion". They have a right to choose which chains to mine. When they switch from one to the other, that's not collusion, that's free market. If BTC is better, they will release a solution to be faster and cheaper than BCH. In the meantime though, let's not forget all the events that have transpired in 2017 with Bitcoin. (Blockstream, etc)

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          ·  7 years ago 

        Yes, "transaction times" and "fees" have been issues with BTC for quite some time. But, not like this. There's more to the story than free markets at work here. BCH is not BTC, but try digging a little deeper into what some of the experts have to say about recent events.

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            ·  7 years ago 

          This specifically makes me not want to invest in Bitcoin Cash. Sounds sketchy to me.

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              ·  7 years ago 

            It's all personal opinion. Definitely make your own determination based on your research.

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                ·  7 years ago 

              It's not opinion when you follow the money. That's all the miners can afford to care about. I think BTC addicts are in denial. The old king is fighting for his throne with swords and arrows while the new blood just invented gunpowder. For the record, I own neither. My $ is on LTC and ETH. Both better than BCH and BTC months ago.

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                  ·  7 years ago 

                For the sake of influencing someone above as @jaderebel alluded, we should say it's opinion and not investment advice. That's where I was coming from.

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                    ·  7 years ago (edited)

                  Investing in bitcoin is a whole lot of mathematics you must do

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