And here we go again. Yeah, it grew 1300% (due to pure speculation) in one year therefore it will grow at least 500% the next year. Nice logic.
GIB will be a millionaire in no time at all! Just wait!
I'm thinking of trading my bit of bitcoin for ethereum.What is the point to hold bitcoin now? It's not really usable as a currency.
Already is one (just not a bitcoin millionaire).
Every asset price is a function of “speculation”. Nice logic.
lol wat Do you really think other assets are affected by speculation to the same degree as bitcoin? Is it normal for you to see an asset appreciate 1200% a year?You're delusional.
All assets are speculative. Bitcoin more than some and less than others. Hope that helps. Reality, not delusion.
I much prefer this thread when it is hitting new highs and gib is giving updates every so often.It just gets my juices flowing.
try blowing the defunct brain matter out the back of ur useless skull, lotta juice lol
I must say, even though I do not have any money invested in bitcoin, I much prefer this thread when it is hitting new highs and gib is giving updates every so often.It just gets my juices flowing.
Bitcoin has a block size of 1 megabyte and bitcoin cash has 8 megabytes. The blocks are where transactions get recorded, on a "blockchain" which is a series of blocks connected in time one after the other. These blocks are made every 10 minutes or so.This means during times of large amounts of transactions (like the past few months), the Bitcoin 1 MB block gets filled up quickly and there are lots of left over transactions that end up in a buffer until the next block. People who pay the highest fees get priority. This is why fees are so high and transactions slow with bitcoin because so many people are bidding with fees to get the transaction confirmed quickly.If you put a fee too low, your transaction might take days or weeks to get into the next block. If you want your transaction to make it in the next 10 minutes block you need a $20 fee at the moment due to too much demand on the system.Bitcoin Cash has 8 MB block, so at the moment every transaction gets recorded into the next block within 10 minutes with a few cents fee because there is so much space in the block.That's the main difference. Bitcoin is pretty much useless for buying stuff due to the fees and slowness. Bitcoin cash works much better for that.
Ok thanks, so just invest money in both? Haha
Yes. Both. Buy bitcoin and hold any forks, derivatives and modifications.
Peter Thiel starts to invest in Bitcoin ...www.coindesk.com/report-founders-fund-boasts-hundred-million-dollar-return-with-bitcoin-bet/
Not familiar with that particular machine but yes bitcoin ATM machines are popping up all over the place. You can buy and sell btc via these machines in any country. Easy.
Hang it there. New highs are on the way
