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RE: I think the btc fee plan might backfire and BCC will be king in 2018.

in #bitcoin7 years ago

I certainly hope so!

I think Bitcoin is a dog and after selling all of mine last week when it was high, I put more $ into Bitcoin Cash, Dash, Monero and Litecoin, along with 10 other smaller altcoins.

At this point I wouldn't touch Bitcoin with a 10 foot pole! It's past it's use by date...

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Completely agree. good choice investing into Dash, Monero and Litecoin. I don't like bitcoin cash. It's exactly as outdated as bitcoin, except it has bigger block size. Once more people will buy in and it will reach max capacity it will need to increase block size, again and again. This is not sustainable. This is a stupid, outdated, and centralized solution.

Exactly @marc99 ! BitcoinCash is just as outdated as Bitcoin. In all honesty, Litecoin is too. But then again, exactly as @sift666 said, it's all about timing. We should just ride the BitcoinCash wave, then ride the Litecoin wave until their caps are reached, and then just invest in coins who can be the next step going into the future.

Emotions are the worst. We just get emotional about Bitcoin, because we "don't know better" ... but we need to look at the bigger picture, and understand that Bitcoin is not the only coin out there, nor is it even remotely close to being the best!

I wish you the best of luck gents, and hope to get a chance to discuss more with you in the future! Followed you as well @marc99 !

Followed as well!

What I'm hoping to do with Bitcoin Cash is ride it up on a popularity wave, then trade it in for better designed coins, like I've just done with bitcoin.

Timing is everything...

Thanks for the tip - but this is Bitcoin mining isn't it?

Bitcoin is a bankers scam now:

Agreed. The only thing that it has going for it is that you have to usually go through Bitcoin in order to go from alt to alt (that's how it seems to be in Poloniex).

I just posted a rant about Bitpay not working with Exodus wallets. Basically, I have to transfer my BTC from Exodus to Electrum ($50 cost) before I can send it out over the BitPay network (yet another transaction fee).

https://steemit.com/bitcoin/@sirstacksalot/bitcoin-payment-protocol-sucks-for-us-exodus-users

Yes. BTC is not here to stay forever. But i am concerned it may drag Dow the whole market with it. More exchanges need to adopt BCC or LTC or ETH as the main one that i bought then traded for other alts. Right now BTC rules that because it has been fully adopted by all exchanges and platforms. But in order for the market as a whole to improve, we need something to pass BTC organically, and then it be adopted by all of the exchanges.

Things are changing. Let’s see where they go this new year

My thoughts exactly @sift666 ! I expressed the same concerns in the post I made yesterday about BTC fees. Give it a read, share your feedback. I would very much like to engage in a few conversations with people who are not so blind to think that BTC is the king, and always will be, just because it's the first.

PS: Followed you - hope to see good content from you soon!
PS2: I don't wanna spam @aggroed 's comment section too much with links, so you know where to find my post if you wanna read through it :)

I wouldn't touch Bitcoin with a 10 foot pole! It's past it's use by date...

Couldn't agree more. Altcoins is where the money should be, because they work. Bitcoin doesn't.

Well, I got soured on the idea of BTC when I read it takes as much energy to power the BTC blockchain as it takes to run all of Norway for a year. I guess the young whippernappers can't blame the old folks for ruining the plate any longer.

Consider however that Norway has a population about as big as New York and that the global financial system we already live with consume enormous amounts of energy as well. But with time, as the technology improves, PoW chains will become less energy consuming and could also transition to DPoS.