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Thread: Crypto Meltdown!

  1. #1

    Crypto Meltdown!

    Bitcoin leads Crypto Sector Down by more than 15%.
    https://smaulgld.com/crypto-meltdown/
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  3. #2
    There is a BCH hard fork happening this week.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  4. #3
    Quote Originally Posted by dannno View Post
    There is a BCH hard fork happening this week.
    yes, the Bitcoin Cash fork seems to be the reason
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  5. #4
    Quote Originally Posted by Smaulgld View Post
    yes, the Bitcoin Cash fork seems to be the reason
    Wasn't the fork announced a long time ago?

  6. #5
    Quote Originally Posted by Madison320 View Post
    Wasn't the fork announced a long time ago?
    If you buy BCH with your bitcoin before the fork happens, you will get free tokens off the new fork(s).
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  7. #6
    Quote Originally Posted by dannno View Post
    If you buy BCH with your bitcoin before the fork happens, you will get free tokens off the new fork(s).
    But wouldn't that make Bitcoin go up between the announcement of the fork until the time of the fork?

  8. #7
    Quote Originally Posted by Madison320 View Post
    But wouldn't that make Bitcoin go up between the announcement of the fork until the time of the fork?
    No, you can buy the BCH any time before the fork happens. It just needs to be in a wallet that you own, or one on an exchange that supports the fork.

    So let's say you had 4 bitcoin and 2 bitcoin cash.

    In the days before the fork, you might sell a small portion of bitcoin and buy 4 bitcoin cash. Now you have 6 bitcoin cash. Then the fork happens and now you have 6 bitcoin cash, 6 bitcoin cash ABC and 6 bitcoin cash SV or whatever (it looks like it's going to double fork). Now you can sell your 4 bitcoin cash back for bitcoin, and you have 2 bitcoin cash, the extra 4 bitcoin cash ABC for a total of 6 and extra 4 bitcoin cash SV for a total of 6.

    Of course prices on all of these are going to be constantly fluctuating, so how one would make out is questionable but if you think the new bitcoin cash forks are worth owning, it is easy to get it on it by selling some BTC for bitcoin cash and then selling back later.
    Last edited by dannno; 11-15-2018 at 02:00 PM.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."



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