Am i the only one thinking about shorting bitcoin on monday for the release of bitcoin cash? The money to buy it has to come from somewherend i think its gonna be leaving bitcoin and i see that as an opportunity to be super low
I think you are correct in assuming BTC will drop. I think Bitcoin Cash is already "priced in" so to speak. Bitcoin cash is currently a future trading around $400 a unit. I figure most will dump this asap for BTC, and convert to fiat while the going is good. Some will win, others will be holding a coin worth not as much.
Maybe some will hold long term just for the sake of seeing a rise one day... Soon we will all know the answer.
The answer couldnt come soon enough. But i see the new segwit bip91 bitcoin winning more in the long run its been around too long and its too mainstream japan already has bitcoin atms i dont think its gonna go anywhere. Im hoping to capitalize on the dip though when it comes
I agree with that. Asia has adopted this much faster then anywhere else. I'm thinking since BTC really has no top figurehead, this may be a ploy to push this towards SEC and adoption of ETFs and mainstream trading and adoption....
No i agree one hundred percent. With the soon to be released ledgerx and the secs adotion of ico tokens as securities and wanting to push for a regulated exchange of the most invested in tokens and coins and i donnt think bcc has the support to cut it
I don't understand why exchanges aren't willing to support bitcoin cash. I can understand a holding period for it, but they should vow to support both. Guess if you're the only exchange supporting it, you'll see an abnormally high amount of traffic. Think it's doomed to fail and BTC is going to drop with it, shorting is a great idea.
I think whatthe problem is is something to do with btc and bcc having the same private keys so you might not be able to trade with them yet i dont know. I know exchanges make more in fees off btc that they wont on bcc also
I think people do not understand the potential risk that BTC and BCC share the same private key. If you sell one you could be exposing your private key for the other.
I've thought about buying a BTC on poloniex after the split because if it drops in value even if I only get one coin it may make sense as I believe BTC will be strong months from now.
My question is this: Why is BCC better than Litecoin?
In my opinion i dont think bcc is better then litecoin i think they are identicle except litecoin is a hell of a lot cheaper.
Im planning on shorting on gdax who says they will not support bcc, am i still at risk of it changing over to bcc? Bcc is definetly not what i want to invest in. And in all honesty im hoping the sec puts a stop to bcc considering they just did alot to support bitcoin as an official asset for the to regulate the trading off
I need to learn more about BCC. If the main exchanges are not supporting it then it will have a long road ahead and be pointless if Segwit and the block size increases. I think the reason BCC did not incorporate Segwit is because they didn't want to be a poor man's Litecoin.
I hope I'm able to watch the fireworks on August 1st. I really do not want a split but am willing to wait on the sidelines and see how things progress and decline.
What on this chart looks like BTC is a short? Looks like strong price action breaking a bull flag for continuation. You thinking short solely on Bitcoin cash?
That chart was from yesterday my friend i just didnt want to be pictureless on this post. But yes im thinking of shorting btc the night before bcc releases just to see whats going on if we break bullish ill buy back in amd make some money on the way up but if we break bearish iem gonna stand buy and buy back in as low as i can get
Ok. Was just wondering your thoughts. It will be interesting to see if any dilution in BTC takes place. And the level of interest in BTC cash. How do you plan on shorting? As in what method/site? Thanks
Well theres gonna people selling their ico released tokens of bcc for "free money" and theres gonna be a few dumb enough to think its gonna go anywhere selling their bitcoin for bcc in hopes of a quick turn around . I think until things settle down there is gonna be alot of give and pull between the two tokens while they battle it out. So i am counting on a pretty big dilution of btc and then a surge as things start sorting out.
I dont want to give away exact numbers because i am managing someone elses account trading but i got about 3/4's of a bitcoin and i locked it in at the 2660 range so as long as the price holds around 2700 and even goes up a bit i hope before the first if i sell ill make a small profit while holding cash on the sidelines as btc falls and then ill buy back in with a huge gain in btc. Im hoping btc falls to its last resistance level of 1800 if it does ill gain about half a bitcoin as it climbs back up to 3000 ill have made a 1600 dollar gain.
I trade on gdax and its safe to say august first is gonna be nuts for them they have already announced they do not intend to support bcc
I think you are correct in assuming BTC will drop. I think Bitcoin Cash is already "priced in" so to speak. Bitcoin cash is currently a future trading around $400 a unit. I figure most will dump this asap for BTC, and convert to fiat while the going is good. Some will win, others will be holding a coin worth not as much.
Maybe some will hold long term just for the sake of seeing a rise one day... Soon we will all know the answer.
The answer couldnt come soon enough. But i see the new segwit bip91 bitcoin winning more in the long run its been around too long and its too mainstream japan already has bitcoin atms i dont think its gonna go anywhere. Im hoping to capitalize on the dip though when it comes
I agree with that. Asia has adopted this much faster then anywhere else. I'm thinking since BTC really has no top figurehead, this may be a ploy to push this towards SEC and adoption of ETFs and mainstream trading and adoption....
Just a thought.
No i agree one hundred percent. With the soon to be released ledgerx and the secs adotion of ico tokens as securities and wanting to push for a regulated exchange of the most invested in tokens and coins and i donnt think bcc has the support to cut it
I don't understand why exchanges aren't willing to support bitcoin cash. I can understand a holding period for it, but they should vow to support both. Guess if you're the only exchange supporting it, you'll see an abnormally high amount of traffic. Think it's doomed to fail and BTC is going to drop with it, shorting is a great idea.
I think whatthe problem is is something to do with btc and bcc having the same private keys so you might not be able to trade with them yet i dont know. I know exchanges make more in fees off btc that they wont on bcc also
I think people do not understand the potential risk that BTC and BCC share the same private key. If you sell one you could be exposing your private key for the other.
I've thought about buying a BTC on poloniex after the split because if it drops in value even if I only get one coin it may make sense as I believe BTC will be strong months from now.
My question is this: Why is BCC better than Litecoin?
In my opinion i dont think bcc is better then litecoin i think they are identicle except litecoin is a hell of a lot cheaper.
Im planning on shorting on gdax who says they will not support bcc, am i still at risk of it changing over to bcc? Bcc is definetly not what i want to invest in. And in all honesty im hoping the sec puts a stop to bcc considering they just did alot to support bitcoin as an official asset for the to regulate the trading off
I need to learn more about BCC. If the main exchanges are not supporting it then it will have a long road ahead and be pointless if Segwit and the block size increases. I think the reason BCC did not incorporate Segwit is because they didn't want to be a poor man's Litecoin.
I hope I'm able to watch the fireworks on August 1st. I really do not want a split but am willing to wait on the sidelines and see how things progress and decline.
I think thats where im gonna want to be as well i plan on selling what i have the night before and standing by with usdď.
What on this chart looks like BTC is a short? Looks like strong price action breaking a bull flag for continuation. You thinking short solely on Bitcoin cash?
That chart was from yesterday my friend i just didnt want to be pictureless on this post. But yes im thinking of shorting btc the night before bcc releases just to see whats going on if we break bullish ill buy back in amd make some money on the way up but if we break bearish iem gonna stand buy and buy back in as low as i can get
Ok. Was just wondering your thoughts. It will be interesting to see if any dilution in BTC takes place. And the level of interest in BTC cash. How do you plan on shorting? As in what method/site? Thanks
Well theres gonna people selling their ico released tokens of bcc for "free money" and theres gonna be a few dumb enough to think its gonna go anywhere selling their bitcoin for bcc in hopes of a quick turn around . I think until things settle down there is gonna be alot of give and pull between the two tokens while they battle it out. So i am counting on a pretty big dilution of btc and then a surge as things start sorting out.
I dont want to give away exact numbers because i am managing someone elses account trading but i got about 3/4's of a bitcoin and i locked it in at the 2660 range so as long as the price holds around 2700 and even goes up a bit i hope before the first if i sell ill make a small profit while holding cash on the sidelines as btc falls and then ill buy back in with a huge gain in btc. Im hoping btc falls to its last resistance level of 1800 if it does ill gain about half a bitcoin as it climbs back up to 3000 ill have made a 1600 dollar gain.
I trade on gdax and its safe to say august first is gonna be nuts for them they have already announced they do not intend to support bcc
Awesome thanks for sharing
I couldnt agree more. i just made a post saying the same thing. Its time to short bitcoin. https://steemit.com/bitcoin/@blanks/bitcoin-will-fall-to-usd1500-in-6-weeks-ltc-and-eth-analysis-included