Bitcoin (BTC) Flashing Buy Signals but $9,200 Will Have to Be Tested First

/USD has been unable to make a headway above $10,000. requires a catalyst to rise above the resistance at $11,200. continues to drag altcoins into the ‘crypt’. Following the drop from the former consolidation range above $11,200, /USD has been unable to make headway above $10,000. The recent plunge failed to find support […]
Source: bitcoinwarrior
Bitcoin (BTC) Flashing Buy Signals but ,200 Will Have to Be Tested First

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Bitcoin 101 Documentary every newbie should watch, show to friends, and family.

Bitcoin 101 Documentary every newbie should watch, show to friends, and family. submitted by /u/shamanize
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Bitcoin 101 Documentary every newbie should watch, show to friends, and family.

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Bitcoin vs Gold: Pomp and Schiff Plan to Bet $100k Each to Determine Which Asset Class is Better

Popularly known as “ bug”, Peter Schiff, engaged with renowned enthusiast, Anthony Pompliano in a series of arguments on twitter in which both are planning to place the “golden bet of the decade” in order to support their respective choices of assets, gold and . Minus 50% Price Still Outperforms Many Other Assets […]
Source: bitcoinwarrior
Bitcoin vs Gold: Pomp and Schiff Plan to Bet 0k Each to Determine Which Asset Class is Better

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Bitfinex hack Bitcoin worth $350k on a move to unknown address

are on a move again and this time its a chunk of over thirty and a half (30.667). A transaction monitor for digital currency revealed about the funds that were stolen from the cryptocurrency exchange Bitfinex have now been shifted to some unknown wallet. The @whale_alert is tracking serve that tracks […]
Source: bitcoinwarrior
Bitfinex hack Bitcoin worth 0k on a move to unknown address

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Bitcoin Cash ATMs – DEMO

Bitcoin Cash ATMs - DEMO submitted by /u/CryptoStrategies
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Source: Bitcoincash
Bitcoin Cash ATMs – DEMO

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If you’re new to Bitcoin, please stay away from Dunamis Mining (they will steal money):

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If you’re new to Bitcoin, please stay away from Dunamis Mining (they will steal money):

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Bitcoin Does Not Waste Energy – Unchained Capital Blog

Bitcoin Does Not Waste Energy - Unchained Capital Blog submitted by /u/Scratchasaurus
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Bitcoin Does Not Waste Energy – Unchained Capital Blog

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Electricity theft for Bitcoin mining causes over $25m loss to Malaysia

for Mining is causing serious disruptions in Malaysia where the national power supply company is now seeking action after heavy losses. The power utility company of Malaysia Tenaga Nasional Berhad (TNB) has now started targeting the miners who are involved in stealing electricity to power mining activities. Reportedly, the company suffered […]
Source: bitcoinwarrior
Electricity theft for Bitcoin mining causes over m loss to Malaysia

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This week in Bitcoin Cash, August 11th – 17th

This week in Bitcoin Cash, August 11th - 17th submitted by /u/Mr-Zwets
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Source: Bitcoincash
This week in Bitcoin Cash, August 11th – 17th

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Will economics (Bitcoin Cash) win or will the taxi gangsters (BTC extremists) threats/harassments against the Bitcoin Cash community win?

I came across something interesting and thought might be worthy to share. I am currently in a country where Reddit is banned and taxi gangs have monopoly over certain areas so Grab/Uber drivers are not allowed to pickup passengers from certain areas.

The fact that you’ reading this shows I managed to overcome the ban to assess Reddit nevertheless. And I did that because the value of using Reddit is more than what is preventing me from doing so. It’s simple economics. If people find something useful and valuable, they find a way around the problem.

And ever since I knew about the taxi gangs situation, I no longer take any taxi rides anymore. I simply walked away from those spots, same as everyone else here, and we all took Grab/Uber anyway. It’s all down to simple economics. The price of taxi here cost at least twice as much as Grab/Uber for the same trip. Even if the taxi gangs want to, they can’t compete with simple economics. Consumers will do what makes sense and use the better service. It’s basic economics.

Earlier this year, the government of Venezuela forced all businesses to increase the minimum wage by 300%. Maduro thought that by doing this, he solved the financial problems for the workers. What happened in reality is that businesses were forced to let go of the workers, because their business simply not make enough money to pay such wage hikes. Instead of increased wages, now the workers are jobless and out of any income. This is simple economics and even the government of Venezuela cannot compete with basic economics.

It is also simple economics that if you have that is slow and unreliable and cost over $50 per transaction during peak periods that is fast/reliable/affordable (tokens + privacy + progress etc), people are going to end up using Bitcoin . BTC extremists are like the taxi gangs, using threats and harassment, to scare people away from Bitcoin . Indeed, it is very scary for BTC extremists to compete against a superior Bitcoin . Obviously, they are worried their threats and harassment will not be able to compete against simple economics. If I were them, I would be worried too.

Any smart investors know the difference between price and value. And anyone who could understand value will profit while anyone who only understand price will end up paying the price. In the end, the fool will leave with the experience and the wise will leave with the fool’s money.

With that in mind, it all makes sense why Xapo wants to be sold to Coinbase. Because they thought Bitcoin Cash wouldn’t survive, but it did, and if they were to buy back what they had sold, they would end up paying a lot more than what they had dumped those Bitcoin Cash for. They wanted to leave a sinking ship while they still can, because they understood basic economics. They are the smart ones.

Will economics win or will the taxi gangs (aka BTC extremists) with their threats/harassment against the Bitcoin Cash community win? We will know in time. =)

submitted by /u/MobTwo
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Source: Bitcoincash
Will economics (Bitcoin Cash) win or will the taxi gangsters (BTC extremists) threats/harassments against the Bitcoin Cash community win?

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