The Crypt0 Minute: Bitcoin Cash EXPLODES After Being Added To Coinbase / Bitfinex Invitation Only --Enjoy!

bitcoinflood (77) 7 years ago

I think this is a premature explosion. Now that BCH can be traded and literally millions of new BCH coins have been unlocked for people to trade wouldn't the price drop like crazy due to the massive increase in supply ?

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budz82 (54) 7 years ago

I think BCH is a bit over extended right now (temp hype) and will correct slightly in the next few days, but will likely have a decent post-Christmas pump as a new wave of users enter the space after Christmas. This pump will likely change to a major downward correction in BCH early in the new year, but will likely have another decent run going into the Spring of next year.

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johnycrypto (60) 7 years ago

Awesome livestream as always, i love the store, may get some bitcoin pillows xD
Keep up the good work

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goingmobile (49) 7 years ago

Explodes after being added to coinbase, and then explodes coinbase.

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budz82 (54) 7 years ago

These constant BTC vs BCH battles are more fast paced and intense then most UFC fights. What are we on now, round 50?

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3 votes

tronthetechie (56) 7 years ago

I don't believe in BCH much, but because of the transaction fees and confirmation time I own marginally more BCH than BTC. Who knows what the markets are gonna do at this point?

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budz82 (54) 7 years ago

I personally stay out of the BTC vs BCH stuff and go with Litecoin instead. Charlie Lee is a crypto stud just like Omar!

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steemibu351 (57) 7 years ago

crypto is a great way.the earliest way to get rich and not just make money with crypto is to buy BTC and hold for year or two

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budz82 (54) 7 years ago

People should stop comparing Bitcoin to fiat as a gauge of "getting rich". Truth is the global fiat system is on its last legs, and in the next few years people likely won't care how much their crypto is worth in fiat, since most fiat will start to be seen as practically worthless.

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sanjay91422 (56) 7 years ago

Yesterday when it was at about 2100, I bought, and today morning when it was at 3650, I sold it. It happened due to its inclusion in Coinbase and similar few other news. It is coming down now. I mean there are so many currencies with less transaction time and lesser fee.

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budz82 (54) 7 years ago

I sometimes feel like Litecoin is the red-headed step-child of the large cap crypto coins... IMO it is far superior to both BTC and BCH yet tends to get overlooked by a large number of crypto investors. I think this will change in 2018 as LTC has a lot of exciting announcements coming in the new year (likely starting with MAST, something which a surprisingly small number of people in the crypto space know anything about).

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cristinamuah (43) 7 years ago

This is sooooo wrong....yet I can’t stop staring! 😂

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sanjay91422 (56) 7 years ago

Litecoin is good. Don't know about MAST. Can you give a little more incite into that?
I think Dash is till cheap to transact as compared to even Litecoin, and it is good that it is going up. Today itself more than 20% up.

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budz82 (54) 7 years ago (edited)

MAST = Merkelized Abstract Syntax Trees

You will now be able to write and execute detailed smart contracts on the BTC/LTC blockchain.
BTC/LTC will be faster, avoids further scalability issues, and brings increased privacy to its users.
Furthermore, increased privacy will facilitate anonymity for settled transactions. For example, right now LN transactions are easily identifiable because of the P2SH hash they use. In light of this, nodes are capable of censoring LN transactions should they choose to. MAST would be able to hide LN transactions by making them indistinguishable from other blockchain transactions.

This will be implemented on LTC quite a bit sooner then most people expect, and BTC will follow suit but it will likely take far longer for BTC to adopt this new release.

If you look into what LTC has planned, I feel it will soon be seen as the most universal crypto in the entire space, offering all the major benefits of some of the largest cryptos out there (smart contracts that rival ethereum, privacy that rivals monero, speed that rivals dash and so on... interesting times ahead for Litecoin!)

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