Curious to get some lines on this view to look back on:

BTC is dead and BCH is going to take over

This is a message from the Gemini Exchange:

Thoughts? This is boolcrap right? and one of the many reasons not to keep coin on an exchange in the first place.

Was restricting withdrawal and deposits common at any other exchanges?

Gemini is blue riband, no reason for concern

Crossed my mind too. Lets say they (Ver + Bithumb) had a target of 70% hashrate and USD$4,000 for BCH. That would be the tipping point Ver's group gambles they can make stick longer term. Ver was known to have been in Korea though, so perhaps some core group put two and two together, hot-stepped it over there and succeeded in a double cross, using eg. 55% hashrate as the signal to dump.

Gotta go, my bus to Roswell leaves soon.

Andreas wrecked the community because he doesn't understand what exchanges are for. Yes other exchanges were having issue in a sense. There were over 150k unconfirmed transactions waiting in the mempool.

Given 1. that those driving the coins strategy are true fervent believers, and 2. this weeks campaign has been centrally co-ordinated, I think this was a genuine attempt to rest control - i.e. more than a well executed pump and dump - an attempt to leave bitcoin floundering with ~25% hashrate for months.

The timing was very advantageous with much BCH locked up in coinbase until Jan, the EDA retirement coming on stream and BTC due for a 30% correction.

Whether you look at it as a hail mary or something that had a reasonable chance of success, it seems fairly clear that it is over, failed.

Perhaps some time next year after the selling pressure from coinbase has run its course we will see a round two. We've been given a glimpse of just how perfect the setup would need to be for a knockout blow to be landed.

This dialogue wouldn't be complete or balanced without your perspective.

Why does the dialogue require my perspective? I don't have a perspective. I am asking the experts who were happy to share their views of "bitcoin moon" and $1 trillion within a year. Are these views still as confidently held as of today? Should people still be buying bitcoin, or should they be buying BCH too? A lot of newcomers (and buyers at $7800 on the certainty of the experts in this thread) would probably appreciate an answer.

If these attacks continue, I think they're more likely to kill all of bitcoin + forks and pave the way for another crypto to take over than to end in bitcoin cash winning out. But by far the most likely outcome is still that bitcoin wins.

At what point are you lads going to start buying Bitcoin again? Where do we reckon the current floor will hit?

I never stopped holding

Popcorn. BTC is at 5-6k. Another fork for previous holders worth 1,5k.

Such drama boys. What's wrong with you? Seems like a moment to get rid of weak hands.

If this drama makes you overly nervous, put things into perspective! It's a fun ride.

Actually interesting whether to buy both or not. Some people have very strong opinions, but they seem more emotional. Agnostic would be to buy both averaged out.

Most people are less excited if they lose 20-30% when they really expected it doubling in a week. Not that they should, but that's life and the weak fall prey to the strong.

I'd be more bullish on BCH if they had a motivated and/or well paid long-term dev team (or many contributors). Those 2nd/3rd layers have to come. Bigger blocks just buy time, but they also keep users happy. If you have a long waiting line in your business, at least offer clients something to drink & eat even if you can't help them right away.

Ver/Jihan seem to be very motivated actors, which is important for success. Association with fake satoshi is a big red flag though.

Generally speaking if you're in this, you need a very thick skin and long term view. If you sht in your pants bc of what is going on right now, you're weak.

Breathe, let the market correct for the drama and relax. We've seen this 100 times before.

Yah, if I sold to someone right now, I'd feel wrong if I didn't give them the value on all forks. So is what I'd sell to them for and simply transfer the equivalent amount of both forks.

I was just thinking about this because I almost sold to a complete newbie the other day. He had no idea about anything and just wanted to get into it. I was going to strongly recommend he buy both forks (this is when cash was still 300) and almost insist that he not buy just the core fork.

Wait till there's like 5 forks next month. It becomes a fractal tree eventually. This is why the sooner you get in, the better

Posting for TS: "Get in before the fork" is the next level of the ponzi scheme.

fun 24 hours

I tried to time the market on the BCH scenario. **** me. Things started out well for me, but then I screwed up and ended up with a crappy 2.8 BCH and $1,000 loss. Ughhhh, I should have just held my BTC instead of riding the pump.

I'm waiting for BCH to go up again so I can get rid of this **** lol. Right now it trades at .18. I want it to get up to .30, but that may not happen. Maybe I should just cut my loses. Although January could come around give me the perfect opportunity to dump it once coinbase adds BCH as an option.

I had a very depressing day today as a result. :'(

I feel you, whole thing was messy esp bc I traded on kraken and site was beyond horrific. Bought 5 BCH for 800€/BCH but got lucky bc I had time to F5 quite a bit, € high mustve been around 2100/BCH, during the drop I ended up putting sell order (or trying) at 1600/BCH, but in the whole lag/crashes ended up getting 1900/BCH. Honestly no idea how but Im glad I got out. Sweaty palms for sure

After sleeping on this, I realize I was being a bit silly yesterday. Apologies. I mean, I probably shouldn't say this lol, but if this stuff goes up to 400k I am not so sure that my wife will be looking as good as she does now IYKWIM. It honestly may be better for me to get out of this situation while we are still broke. Onward ho, see you guys on the other side!

I naively assumed that the price showing on Coinbase is the price you get and they make their money on the Fee...

Just bought €5000 of Bitcoin when it was showing value of €5700.... Noticed after the transaction I bought at €5900 + 70€ fee

FML. Whats a better way of buying/Selling BTC so I dont get ****ed again

GDAX with dollars (yes GDAX is also coinbase, but cheaper)
Need to do SEPA so it takes sometime when its available.

What is better Gemini or GDAX?

Is HitBTC a good place to buy and sell?