Re:Bitcoin cash mining profits jump
by grey-area on Saturday August 19, 2017 @07:50PM
(#15056252)
But you can't actually get your money, unless you find someone credulous enough to buy these coins for another currency.
The absurd figures both in the growth of BTC over the 2 years (1700% gains!) and the sudden materialisation of value ex nihilo for BCH at 25% the market cap of bitcoin should be a good sign that this market is almost entirely based on speculation and could melt into thin air very soon, though it may well break new records before it does. Anyone getting in to either currency at this point is IMO going to lose their money.
The absurd figures both in the growth of BTC over the 2 years (1700% gains!) and the sudden materialisation of value ex nihilo for BCH at 25% the market cap of bitcoin should be a good sign that this market is almost entirely based on speculation and could melt into thin air very soon, though it may well break new records before it does. Anyone getting in to either currency at this point is IMO going to lose their money.
https://bitcoincharts.com/charts/bitstampUSD#rg730ztgMzm1g10...