our resident bcash supporters have become very quiet recently, could it be the dramatic change to the bitcoin memory pool? fees are now at an all time low as more and more lightning nodes become active and segwit addresses are being used. there was even a 2mb block mined https://twitter.com/BitGo/status/954998877920247808 expect this trend to continue as lightning network gains momentum.
I'm not sure of your definition of "all time low". Bitinfocharts shows more like a month and a half low. Still too high for my business to be able to use, although lightning network might help that. BCash just kicks the can of scaleability down the road a little. It hasn't been pressure tested yet.
Wow a 2mb block huh ? Why that's a whole 25% of BCH'c current capacity, so how do the fee's compare ?
there are currently more lightning nodes than there are bcash nodes, its not about block size, its about scaling. fees have fell 99% in the past 2 weeks, one of my recent transactions had multiple inputs and was confirmed almost instantly for less than $1 but hey, you cant please everyone.
Where can you use LN atm? have you used it? I didn't think it was up and running for the public yet. Nice to see Bitcoins fee low again.
Fees for those transacting on the LN's or for those closing off the channels ? Might be a bit of difference there No ? There are also currently reported issues of people losing funds when closing payment channels as well, so not all is as rosy as it seems for now and it is yet to be seen if all that is promised can be delivered yet. Average BCH fee is currently about $0.23 U.S, 4 x's as much Blockspace and options to double it as well. BTC is playing catchup at the moment and while LN is a bit of improvement, it is nowhere near close to solving any of the issues that are major hurdles to it becoming the Crypto of the people as it was intended to be.
I have only been monitoring for a short time but seems that when something is up another is down. However when I looked at the markets this morning everything was in the red. Could this be to do with the recent Facebook statement?
Bitcoin continues on a downward spiral. I don't feel sorry for all them people that bought in at double the price now, especially if they sold their metals for it. That's what they get for a ponzi scheme. A digital illusion of wealth backed by nothing.
Sorry this comes across as an incredibly mean spirited post. Taking pleasure in other people's misfortune. Everything is a gamble. I haven't seen you post often in this particular part of the forum, but you have now only to gloat.
It aint gloating it is just pointing out facts. Personally i think Bitcoin will be dead in a couple of years but still plenty of ups and downs to make money on it. This may well be a buying opportunity for many. I myself am doing the shitcoin thing at the mo and buying low and selling when they get pumped. Buy a shitcoin for 0.00000001 Bitcoin and sell when it gets pumped to 0.00000200 or more. The only problem is i am not making millions because the volumes are very low (5-10 Bitcoin)but certainly small thousand and hundreds to be made in quick time.
A few personal observations.... "The Believers" bask in the glory that it was their efforts which helped Crypto become $20K USD where as the real reason it reached those heights are because of the "The Dreamers". Those that have made money are early punters and miners, "the believers". Those that have lost money are people who paid cash, on the way up, "the dreamers" many have already left burnt in a nightmare, and more everyday are becoming "HODLers" Those that are around even are people who are hoping it will go back up to 20K "the HODLers" What will the future bring "HODLers" at what price point to they jump off and if they do, do they ever come back.
It's not incredibly mean spirited, just mean spirited. No, it's not good to take pleasure in other people's misfortune. Yes, life is a gamble, even crossing the road. No, I don't post much in this part of the forum but only to gloat or to put crypto's down. Wait til crypto's go to zero where they belong and then I be posting here more often. At least I'm an honest person.
when I said this would happen, I got attacked personally and abusively but bitcoin enthusiast who where buying them for their grandkids to inherit etc So I am allowed to gloat right? because this is just the start, all I hear on tv, radio, pop up adds is bitcoin this and bitcoin that, "come to our seminar, let us teach you how to trade in bit coin", don't miss out etc it has jumped the shark and is now in decline with some still in denial, wait until it really gathers momentum then you will see all the gamblers lamenting the loss of their life savings when they front the news complaining how they were taken advantage of etc like I said before, history doesn't repeat itself but it does rhyme
Anyone who thinks crypto's will go to zero is that clueless it's not even worth your time trying to explain anything to them because anyone with half a brain who has actually put in the hours to read and understand the tech knows that this is here forever and will only get bigger - the tech I am talking about, not the prices, but they in turn will be attached to the tech so make of that what you will Yes there are shitcoins and coins that people will lose money on, but guess what - that happens in every market that involves money! I don't own any Bitcoin personally as I too believe it's value for what it is doesn't make much sense, but there are plenty of other alts that will be delivering technology that will change the way things are done in the world Haters just selective choose to single out Bitcoin and lump all other forms of crypto with it, which only shows how incompetent they are I've said it numerous times before, but for the life of me I don't understand why anyone who doesn't like crypto feels the need to come here and constantly regurgitate the same old crap - do you think we all need to be saved by you? The psychological behaviour of people against something is beyond laughable and only a reflection of their own inabilities
