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RE: Bitcoin Cash Launched - Stats Up to Now

in #bitcoin7 years ago (edited)

I am not an expert on Bitcoin, but I was watching a few videos related to this fork and most of them are saying that this is a trick brought by big mining groups from the western hemisphere. They were saying that BCH will be abolishing the altcoins, like Litecoin, etc. They were also saying that those who have used the original bitcoin would sell BCH fast and we probably will see the new coin go down too. Then, Ethereum could get to be king. And they were also mentioning IOTA as a future strong coin.

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There is a lot of false information being spread. If miners are so strongly for BCH why aren't more of them supporting it? Overwhelmingly miners are still supporting BTC, so this argument is unlikely. The problem is have with BTC is that Blockstream, a private company, has hired many of the BTC developers and is paying them to inject SegWit into the BTC code. Blockstream holds patents on SegWit and plans to profit by taking control of BTC. BCH (or BCC as more are calling it) breaks away from Blockstream and segwit.

Most youtubers are not real traders, some even admit that, while others would likely try to manipulate the market to push for certain crypto and profit from those who follow.

Absolutely, and furthermore, a lot of 'popular' crypto-commenters on YouTube seem to have way more opinions than facts when it comes to what Bitcoin is and what its true value is.

All about the view count these days, regardless of facts or fake news

Are there any good YouTube vids/people that you recommend? I've watched a few but starting to think if they were legit or just posers...

Buy crypto and start trading. Own learning is best learning. Invest little, have patience and keep quiet.

Why not mine crypto and trade it? You learn more this way

What is your goal? To learn more about crypto in general, or how to day trade? Obviously there's some overlap there for a lot of people, but what's your main focus?

I would add The World Crypto Network... guys like Thomas Hunt, Vortex, Chris Ellis etc. Knowledgeable and often have pertinent guests. I think CryptO is a cool guy, but his recent 'Bcash is the real Bitcoin' statements are out there. Be careful of guys like Clif High and Bix Wier... they seem to 'get it' but their understanding of how this stuff works and which elements are really the key innovation are often confused.

IOW, some of these channels are good for inspiration, and some for information. Very few do both well (i.e., Andreas A. or the old D'Angelo 'Blackboard 101' series).

@whut13, I cannot say if the ones that I am watching are good for you. They are from Spain and South America. But I always look for people who had a channel mainly devoted to virtual coins or blockchain. Some of them are engineers or teachers telling Spanish speaking audience on how the system works, as a matter of fact, there is one saying that the big revolution is not the virtual coin, but the many services that this new technology will be bringing to us within years. He strongly believes that blockchain technology will be able to stop corruption in future governments, which is one of the many sufferings Latin America has.
By the way, it is always nice to find people who likes the same theme, in this case Bitcoins, whithout the usual reaction ("that's a scam!!!"). Will you check your list of people who are following you, and follow me back. I have almost 2,000 people I am following and they seem not to be awared of. Thank you. That way we can pass information and videos to each other.