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      "title": "Newbie's guide to bitcoin and bitcoin cash",
      "body": "I have been involved in the cryptocurrency community no more than a couple of months. I've witnessed the overextended rally back in december and for the couple of past months I've been reading in to the technology obsessively.\nNow, many new people in the scene have no idea about the underlying technology and this will make it extremely hard to detect the downfalls of any decision they make . But let's get to the bcash subject. bitcoin cash is a fork of bitcoin. which means that in a certain instance of time. the bcash supporters took a snapshot of the bitcoin blockchain and started mining new blocks on top of that snapshot. and what did they do differently? they increased the block size from 1mb to 8mb. now they have their own network and building on their own version of bitcoin blockchain. The one they claim being the real one. \nPeople behind bitcoin cash are promoting it as the real bitcoin. They are using valid arguments and exceptionally logical tone to address the problems in the bitcoin network and after muddying the water, they claim that the real bitcoin is the one they proclaim. The bitcoin cash. the 8mb block size which suddenly became the holy grail of all block sizes. I have seen what they say about the transaction fees and slow confirmations and ....\nIn general the bcash promoters like to say that hey, \"look at the satoshi white paper and tell me which version of bitcoin better represents what satoshi meant in the paper\", which any educated mind would soon deduce that bcash actually conforms to what satoshi meant very well. So does that mean bitcoin cash is the real bitcoin?\n![1_FMKTxnh7J71ThG-BiSpFtg.jpeg](https://steemitimages.com/DQmcqYaqRSaciXXzhrDnhNQ2GXxuEJ2b5QExuAsDuwDJzgk/1_FMKTxnh7J71ThG-BiSpFtg.jpeg)\nThe short answer is NO. and here's why. What bcash supporters did after the segwit2x controversy was immature and inconsiderate. The community reached a consensus to postpone the block size increase and that was enough for those who thought it was necessary, to go out of their ways to fork the network. They basically took a slice of bitcoin market cap and started to promote their new brand to newcomers. Next, the miners whose hashing power is securing the network have the incentive to leave their original network and basically attack that original network by joining the bcash network. while every miner is free to choose to use its hashing power, attacking your original network in favor of a fork is in fact on of the worst things you can do in the wild west cryptocurrency environment. while bitcoin is going through a period of pressure from governments, banks and media, such disagreements are the last thing a community needs.\nwhy forking bitcoin was a vile thing? because some people decided that hey, we understand it better that all of you and we're gonna show it to you. But what they don't really get is that bitcoin was never meant to be what satoshi wrote in his paper. frankly, satoshi himself didn't know it would work at all. what the community did in all these years has made bitcoin worth as it is valuated today. \nThe intrinsic value to bitcoin, the value of all these years of volunteer work and accumulated wisdom of the community, along with the energy used during mining are the real solid supports behind the bitcoin brand. what bcash supporters don't seem to comprehend is that you can't start making an equivalent of a hundred years old Mercedes and claim that we're making the real Mercedes cause we are more loyal to the design provided by Carl Benz himself. you may be able to fool some new comers this way but in the end, mistakes will haunt you in the world. The mistake of betting against your mother network.",
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      "body": "I think 8300 limit may be a little high. I'm also comfortable at this level and if it gets to 7700 I will buy  another slice. There is a campaign going on in the news outlets to disgrace bitcoin and promote bcash. I personally think we will see a period when bitcoin loyalists get angry and it will increase the demand for bitcoin. I think they will begin to get angry when they see the sevens.",
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      "permlink": "re-jeffbowen-re-curiousnematode-ethereum-will-go-as-bitcoin-struggles-20180122t092725182z",
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      "body": "I feel like scaling issues are more serious with Ethereum and it may result in sell offs as the price goes up. Lightning is becoming like a Pandora box. Good luck to us explaining it to people who don't understand technicalities. I see many new people falling for the Roger Ver narrative of what Bitcoin really is. This is going to be hard to fight against",
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      "body": "Good points raised. I also feel that as more and more projects come on line (or rather on chain) that providing there is progress towards scaling ETH will only get stronger compared to BTC. It also looks that Lightning may not be progressing quite as quickly as hoped. Cheers J",
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      "permlink": "re-cryptovestor-why-bitcoin-is-perfect-for-most-first-time-investors-20180121t222804537z",
      "title": "",
      "body": "considering the hype and media attention the market attracted peaking at around 850 billion dollars of valuation, I feel like once again those who want to see Bitcoin fail are granted an opportunity to throw their rocks. Right now, there is high amount of negative narrative in the mainstream news outlets. This negativity along with the disputes among the bitcoin community cascades in social media.\nIn the other camp, the global financial and political systems are deciding on how to respond to the new Crypto adoption phase. many will be harsh. As a result maybe I can buy more Bitcoin at 7777 $.\nMeanwhile Ethereum is escaping such attentions and is quietly consolidating. I think starting soon, Ethereum will leave for 1700 range and we will still see Bitcoin struggle.",
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      "author": "curiousnematode",
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      "title": "Ethereum will go as Bitcoin Struggles",
      "body": "Long story short, I feel like BTC is experiencing a phase where market is hesitant about the price. As all consolidations require a somewhat steady state consensus, I fail to see signs of it in current market situation. As the debate between BTC and BCH grows more furious and BCH promoters claiming they are the real Bitcoin, more fear and delusion is penetrating the market. \nconsidering the hype and media attention the market attracted peaking at around 850 billion dollars of valuation, I feel like once again those who want to see Bitcoin fail are granted an opportunity to throw their rocks. Right now, there is high amount of negative narrative in the mainstream news outlets. This negativity along with  the disputes  among the bitcoin community  cascades in social media. \nIn the other camp, the global financial and political systems are deciding on how to respond to the new Crypto adoption phase. many will be harsh. As a result maybe I can buy more Bitcoin at 7777 $. \nMeanwhile Ethereum is escaping such attentions and is quietly consolidating. I think starting soon, Ethereum will leave for 1700 range and we will still see Bitcoin struggle.",
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      "body": "The guy was clearly talking nonsense. The \"satoshi nakamoto from Japan\" part was hillarious",
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      "body": "It is definitely oversold at prices like 10800 $. I don't think these new year things matter that much, though.  the amount of volume, sloshing based on panic and fear is fun to watch now.",
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      "author": "curiousnematode",
      "permlink": "is-bitcoin-crashing-where-to",
      "title": "Is Bitcoin crashing? where to?",
      "body": "When I look at the Bitcoin chart, It's heartbreaking at first glance, watching the price creeping towards the 100 day moveing average. It is closing below the ichimoku cloud. Everybody knows it. when you close below, you're doomed. Just Kidding. Now, this chart with all the technical indicators and stuff may never mean anything . In fact, if you want the truth, in my experience it almost never does. You see all these colorful lines and curves only talk about what has happened in the past. In mathematical sense, most technical indicators can best be described as some sort of filter that is being applied to the price and volume action. Thus, they all suffer from a completely normal phenomena called \"lag\". So, don't get to attached to the technical.\n![btcchart.jpg](https://steemitimages.com/DQmS1LL9tMNCUys7ZWA9zWqjoiUncsPoBfn87eFnSc1Ey92/btcchart.jpg)\nBut what happens to Bitcoin in short term. It depends radically on what you think as a part of the community. You see as much as the 17000 $ per Bitcoin was a self fulfilling prophecy, Bitcoin crashing to 7000$ could become a whole new one. I myself have no incentive to sell my Bitcoin under the 22k range. I will buy more If it reaches 10700 $. We might see more and more sell off, however as the price goes down, selling becomes more and more unattractive. Ask yourself when will you buy some more Bitcoin. That will help consolidate the price. \nI think it is somewhat safe to assume that most of the new people in to the space, like myself, have spent small amount of capital to this day. \n![Newbie-blogger.jpg](https://steemitimages.com/DQmUADa2mzsQJ9icveBSGShAu7rXmRDn8YEKmbGAmeCMEkN/Newbie-blogger.jpg)\nThose of us who experienced the last 3 months as their first moments in cryptocurrency have already experienced a roller coaster. And those who joined during the bull run back in December should also have no incentive to panic sell at these prices. New guys are just experiencing some transactions and testing some exchanges to see what happens. The capital will flow afterwards. \nPrice is going down but be aware, the spring is storing more and more energy. Bitcoin has proven to be more resilient than any other phenomena surrounding it. It goes down in a rush as it climbs parabolic.",
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      "author": "curiousnematode",
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      "body": "I think we might see a little more struggle for bitcoin to leave this price range.",
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      "body": "One of your best videos. I should thank you for pointing us to the risk assessment dilemma here. The risk factors are indeed growing like a bubble themselves. It seems to me that bitcoin is becoming less and less bullish these days. Do you think certain aspects of the market behavior as you talked about in the video are forcing investors to stay back a bit and watch the price action from the sidelines? I feel like sellers are waiting for lower prices.",
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      "body": "You are right. one experience that I had in the past trading some stocks is that very soon people will lose control over their portfolio. for newcomers I think it's best that they avoid participating in more than 5 cryptos (even 3 if you want my honest opinion). It will get out of hand very soon. As you stated in the video, most of us have an elementary insight of what is going on, which is stupid to think it can prevail.",
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