Post
Topic
Board Altcoin Discussion
Re: I hope you guys won't fall for this BCH joke
by
Alterer
on 13/11/2017, 09:58:15 UTC
Hi!
This is my first ever post in bitcointalk forum. I was planning to just read the comments about cryptocurrency and try to understand behind of it...
But I saw comments on this subject and many others, I just can't hold my self anymore...

First of all BCH issue on last weekend:
I bought and sold it at right times and earned more than 30% of my capital. In conventional finance world, if you earn 30% over weekend, it's unbelievable crazy. Similar things happens in stock exchanges, especially new company IPOs. But no one says "it's a trap to sell abc" or what so ever. So, please stop saying BCH is shit, or it's trap etc.
In finance world there are always manipulators, big banks, big players who can manipulate and earn more. In cryptocurrency world, the more it gets famous and reknown, the more manipulators will join. At some point, the thing you called "shit, trap" might give biggest profit to investors.

Many people here is promoting Btc with baseless hype, or let say simply like "apple fanboys"; saying "Btc is king and will be king bla bla". But why? Except a few person, there is not much solid explanation...
In finance world "money" always looks for safe place. This is golden rule. No matter how much you love an asset, if money feels it's not safe, it will leave.
Also another rule is profit maximizing. BTC so far did a good job about this; but we all saw how volatile was BTC, when a limited power backed BCH for short time.
So, please keep in mind: if a few big banks, fund management companies, a few rich guys comes together and decides to take down BTC, believe me they can. At some point what you call "weak hands" could be you, because you also want to keep your money safe; or at least maximize your profit short or long term.

What I suggest is, stop giving empty hype to people. Instead, pinpont BTC problems (scaling, block size?) and gather a community power to push developers to come with solutions. Otherwise in future even big banks, rich guys won't be necessary for BTC to be replaced.

Regards