Lol.

https://coinmarketcap.com/currencies/segwit2x/

https://medium.com/@bartjellema/why-i-just-bought-90-b2x-bitcoin-segwit2x-futures-f94d0ee13eb9

oops

That's kinda funny,

I mean I feel bad. But...

Another example of the adage of "never speculate more than you can afford to lose." Hopefully the guy can afford it.

Those shekels I told you to put in BCH, they doubled. You're welcome.

Don't say I never did anything for you.

wheelskjm said:

---

Those shekels I told you to put in BCH, they doubled. You're welcome.

Don't say I never did anything for you.

---

Rotation out of BTC and into BCH?

Big pullback

Maybe.

Maybe not. It's a weird world.

Would anyone else like to explain their thoughts on the differences between BCH and BTC?

3 times.

Anyone explain the difference between the two?

wheelskjm said:

---

3 times.

Anyone explain the difference between the two?

---

Block size is the difference, as best I understand.

https://www.google.com/amp/s/api.cointelegraph.com/amp/v1/news/no-segwit2x-makes-bitcoin-cash-shine-amidst-crypto-bloodbath

What is important about the blocksize?

Block size is the amount of data that can be processed per block or the limit for how many txns can be processed per block. Bitcoin blocks are designed around a ten minute cycle, so every ten minutes a block is completed (this is where difficulty comes into play to maintain the 10 m8nute cycle). 2x block size = more/cheaper txns per bloxk, or so they say.

Anyone else big on litecoin? Cliffy has it making big moves next year.

DallasAggie0 said:

---

Anyone else big on litecoin? Cliffy has it making big moves next year.

---

Yes

I stupidly dumped most of mine into bitpetite, but I'm planning to get more. Not sure if that will be through purchasing or dumping some alt coins for it

https://www.forbes.com/sites/laurashin/2017/11/14/squares-cash-app-a-new-place-to-buy-and-sell-bitcoin/#730972e04ce3

Litecoin is my largest holding, at about a $42 average. I was first buying in the 20s, and wish I would have picked up more back then. I think the market is so saturated, that Litecoin is going to need to start performing on its promises. It also wouldn't hurt for Charlie Lee to market the plans and benefits a bit more.

Right on cue, looks like some big news in Ltc today with the cross-chain success.

Coinmarketcap.Com from 1 year ago

wheelskjm said:

---

Coinmarketcap.Com from 1 year ago

---

That is incredible

Only if you don't expect bitcoin (or others) to one be worth $1m apiece. Scarcity.

Ugghhh. Hodl and btfd. I never follow my own advice and never reap the intended rewards.

I'm not so sure we won't be looking at the current chart next year and thinking the same things....

Twobitidiot email:

Quote:

---

This doesn't end well for anyone, perhaps, but the scenario I can't get out of my head is this:

Last Saturday was a trial run.
Most BTC zealots have sold their BCH.
The vast majority of bitcoiners will default to the most secure chain with the highest price and accumulated difficulty.
And the BTC defectors haven't even showed their true economic clout, which is in the many billions of dollars.
The next play could be the all-out BCH pump and BTC dump. It could be paired with a massive and sustained shift in hashing power to the BCH chain, and potentially a series of 51% attacks on BTC.
As people who don't have the pre-fork BCH exposure panic to buy BCH as a hedge, others panic sell, a flippening occurs, and BCH has a multi-week sustained premium while BTC remains cripplingly slow crawling into a difficulty adjustment.
I hope it doesn't happen. But we aren't in economic territory anymore.

This is the last battle in the great crusade for bitcoin's future as settlement chain or peer-to-peer cash. And the only assumption that matters is how big a BTC stake you think the BCH purists have. I think it could be north of 5% of total supply and as high as 10%.

And I'm not going to be underweight BCH during that sort of all-out war. Because it's stupid from an expected value perspective.

***

---

Kinda sums up a bit of my sentiment. I'd recommend signing up for his stuff he's been around as long as I have and is good summarizing goings-ons.

Twobitidiot email:

Quote:

---

This doesn't end well for anyone, perhaps, but the scenario I can't get out of my head is this:

Last Saturday was a trial run.
Most BTC zealots have sold their BCH.
The vast majority of bitcoiners will default to the most secure chain with the highest price and accumulated difficulty.
And the BTC defectors haven't even showed their true economic clout, which is in the many billions of dollars.
The next play could be the all-out BCH pump and BTC dump. It could be paired with a massive and sustained shift in hashing power to the BCH chain, and potentially a series of 51% attacks on BTC.
As people who don't have the pre-fork BCH exposure panic to buy BCH as a hedge, others panic sell, a flippening occurs, and BCH has a multi-week sustained premium while BTC remains cripplingly slow crawling into a difficulty adjustment.
I hope it doesn't happen. But we aren't in economic territory anymore.

This is the last battle in the great crusade for bitcoin's future as settlement chain or peer-to-peer cash. And the only assumption that matters is how big a BTC stake you think the BCH purists have. I think it could be north of 5% of total supply and as high as 10%.

And I'm not going to be underweight BCH during that sort of all-out war. Because it's stupid from an expected value perspective.

***

---

Kinda sums up a bit of my sentiment. I'd recommend signing up for his stuff he's been around as long as I have and is good summarizing goings-ons.

From GDAX, looks like some miners may still go for 2x:

"Dear GDAX Customer,


There have been a number of developments with Bitcoin Segwit2x since our last update.

Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.

We wanted to provide clarity about the potential outcomes of the fork and what GDAX will do in each scenario. In both scenarios, GDAX will disable bitcoin deposits and withdrawals 6 hours before the fork, at approximately 2am Pacific Time on November 17. Bitcoin (BTC) trading will not be impacted. Deposits and withdrawals will be re-enabled shortly afterwards."

Opinions on us seeing another LTC dip? Have been looking to buy more to replace what I foolishly lost on bitpetite

Obviously I known it's hard to time it, but many smarter minds on this thread than me so I figure it couldn't hurt to ask

Email this morning from Coinbase:

Quote:

---

Dear Coinbase customer,

There have been a number of developments with Bitcoin Segwit2x since our last update. No action is required and all funds stored on Coinbase remain safe.

Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.

We wanted to provide clarity about the potential outcomes of the fork and what Coinbase will do in each scenario.

To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.

Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.

If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform.

Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.

We will keep customers updated through our blog.

Thank you,

Coinbase Team

---

MrJonMan said:

---

Opinions on us seeing another LTC dip? Have been looking to buy more to replace what I foolishly lost on bitpetite

Obviously I known it's hard to time it, but many smarter minds on this thread than me so I figure it couldn't hurt to ask

---

I don't see if dropping a whole lot more than what it's at now with the fork behind us.

Loaded said:

---

Email this morning from Coinbase:

Quote:

---

Dear Coinbase customer,

There have been a number of developments with Bitcoin Segwit2x since our last update. No action is required and all funds stored on Coinbase remain safe.

Last week, the Segwit2x development team announced they would no longer continue with the project. In addition, a significant portion of miners and other community leaders withdrew their support for the fork. However, despite these developments, a small number of miners may attempt to go forward with a fork.

We wanted to provide clarity about the potential outcomes of the fork and what Coinbase will do in each scenario.

To protect customer funds, Coinbase will disable Bitcoin sends and receives at 2 am Pacific Time on November 17th, and disable buys and sells an hour before the fork, which is currently predicted to occur between 6am to 8am Pacific Time on November 17th. All functionality will be re-enabled shortly afterwards.

Scenario 1: Network is unusable
If support for the fork remains at current levels or decreases, the Bitcoin2x network will be unusable. Coinbase will not support withdrawals or trading as it will not be possible to move these assets. Currently we believe this is the most likely scenario.

If the network gains support at a later date, we will enable Bitcoin2x withdrawals from the platform.

Scenario 2: Network is usable
If transactions are being confirmed at a reasonable speed and miner support is strong, we will allow Coinbase customers to withdraw Bitcoin2x. We will not immediately enable buys and sells as previously stated, but we may enable them at a later date.

We will keep customers updated through our blog.

Thank you,

Coinbase Team

---

---

Apparently they've screwed up whatever it is they were trying to do... badly.

Had a feeling that's what I would hear. Considering we all expect big things from it, what's a few bucks. I'll go ahead and pick up what I lost today.

DallasAggie0 said:

---

MrJonMan said:

---

Opinions on us seeing another LTC dip? Have been looking to buy more to replace what I foolishly lost on bitpetite

Obviously I known it's hard to time it, but many smarter minds on this thread than me so I figure it couldn't hurt to ask

---

I don't see if dropping a whole lot more than what it's at now with the fork behind us.

---

Side note

Good friend of mine had his financial advisor contact him about investing in block chain based coins.

He showed me a PowerPoint they sent him, it was a separate firm that basically was wanting to take your money and put into different ICOs.

Edit: to say they were suggesting $100k investment

And he already owns ETH and LTC because of me, I told him to just HODL them if he doesn't want to take the time to truly learn what he's investing in

Put 10k in to 10 different ICOs and you're bound to hit on one I guess. I wonder what kind of fee they get for that

I saw, but I forget now.

I told him that's was already what I had been doing.

Morning reading: https://www.tokens.net

Their ICO wraps up in the next couple weeks. Haven't made it through everything yet, but from skimming it looks like they are trying to make a more user friendly token exchange that'll also deal in major cryptos.

I didn't pay attention to the tech bubble but I have to assume it was something like this...everyone scrambling to find something fresh to pour money into as long as it is related to "crypto". Not flaming; just an outsiders observation.