Reddit Posts
Kick FOMO in the Crotch with DCA: A Short Guide on How to be Less Shitty and Make More Money (maybe)
Seriously who are you people? I hardly recognize this sub anymore, why is everyone pumping shitcoins and praising moves by banksters and regulators to destroy decentralization?
tax leveraged donations DO THIS if donating to charities, free tax basis reset!
Why doge is a better investment than shiba inu.
Unpopular Opinion about all opinions
A few thoughts on clearing your COST BASIS
[Community Game] Ladies and gentlemen, I present to you: The Degen Button
Proof-of-Work is still a great investment, that offers better ROI (return on investment) than staking.
Proof-of-Work is still a great investment, and offers better ROI (return on investment) time than staking.
I have a investment cycle that works for me, and I'd like to share it with all of you.
I see a A LOT of people losing their seed phrases for REALLY weird and preventable reasons.
I see a A LOT of people losing their seed phrases for REALLY weird and preventable reasons.
Is there a scalable and low cost crypto-currency that allows for turing complete smart contracts written in python (not a wrapper but native)?
$ LunaLand (Lln) Hyperdeflation Doxxed Team Internal airdrops Rare Nfts!!! 0.5% Slippage!!! 🌕 lunaland
$LunaLand (Lln) 🌕 Hyperdeflation || Doxxed Team || Internal airdrops || Rare Nfts! || 0.5% Slippage! || lunaland
American Crypto Industry Will Sink
DOLLAR-COST AVERAGING - Automatic recurring purchases at Coinbase VS. Manual recurring purchases at Coinbase Pro
EvilCake $ECK | Small Micro Cap | The new Swapping App | Launching 30/07
DFinity / ICP / Internet Computer Protocol - The perfect SCAM
I supposedly won 4.5 Ethereum (around 10k dollars) but it looks like a blatant scam.
Stop upvoting and giving your coins to these Venezuela scammers. (There's some legit Venezuela bitcoiners posting and updating on this sub).
LETS GO FELLOW 🌈🐻S. Anybody bring some chips cause electric vroom douche brought a whole lotta dip.
🤖 Official Launch With potential for 5000%, Intelligent market making The Next Moon stop Big launch for COIN MARKET today, serious project listed in the coin market🤖
Metis | Just Launched! 0% Team Tokens 100% of Liquidity Locked Forever | Ownership Renounced + Verified Contract (Rug-Proof). Fair launched 45 minutes ago | Legit 10,000% Potential Explosion, Less than 15k Market Cap
Metis | Just Launched! 0% Team Tokens 100% of Liquidity Locked Forever | Ownership Renounced + Verified Contract (Rug-Proof) 🎃 Pumpking fair launched 30 minutes ago | Legit 10,000% Potential Explosion, Less than 10k Market Cap
Metis | Just Launched! 0% Team Tokens 100% of Liquidity Locked Forever | Ownership Renounced + Verified Contract (Rug-Proof). Pumpking fair launched 30 minutes ago | Legit 10,000% Potential Explosion, Less than 10k Market Cap
Metis | Just Launched! 0% Team Tokens 100% of Liquidity Locked Forever | Ownership Renounced + Verified Contract (Rug-Proof).
CHEAPEST way to create a crypto token? JOKE COIN
EVERY CENT SAVES – If each member of this group donates we can do unimaginable thing to humanity.
How can mining crypto be both a cost basis and a capital gain?
DeFi Yield Farming,.
Bitcoin is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. It’s also the best way to invest with quick high profit with no regrets.
Counterpoints to the BTC energy consumption argument?
Mentions
I got you on a ChatGPT answer if you want. This was good for me too, lots to learn. Public Electrum servers are able to return your balance in milliseconds because they don’t rescan every block on-demand like a vanilla Bitcoin Core wallet does. Instead, they maintain a continuously-updated, pre-built index of every UTXO and transaction history, stored in a high-performance database on fast hardware with tuned caches. Here are the key factors: ⸻ 1. Specialized indexing software • ElectrumX, Esplora/Electrs, and Fulcrum each build and maintain a full “address → UTXO/tx history” index as new blocks arrive. Your wallet’s balance lookup then becomes a simple database query—no full-chain scan needed.  • By contrast, when you point a wallet at a bare Bitcoin Core node (even with txindex=1), the wallet’s RPC rescan must walk every block output and check each script against your keys, which is inherently O(chain-size) and slow. ⸻ 2. High-I/O, low-latency storage • Public servers run on SSDs or NVMe drives (often in RAID), delivering thousands of IOPS so their indexer can write new blocks and serve random reads at lightning speed. Even a modest ElectrumX instance “is I/O-bound … SSD’s are definitely recommended” —and enterprise hosts use NVMe for even higher throughput. • Example (AWS testbed): • Data disk: 1 TB gp2 (3,000 IOPS) for the Electrum index • Bitcoin data: 600 GB gp2 (1,800 IOPS) for bitcoind’s block files • Result: balance queries over a cold cache complete in under 50 ms  ⸻ 3. Sufficient RAM for caching • ElectrumX is typically run with 2 GB+ of cache (CACHE_MB = 2048), and LevelDB’s own block cache (DB_CACHE ≈ 1,200–1,800 MB), so most lookups hit memory rather than disk.   • Even a single-user Electrs instance recommends 16 GB RAM to keep its embedded database hot.  ⸻ 4. Tuned software settings • ElectrumX config tweaks commonly used on public servers: COST_SOFT_LIMIT = 0 COST_HARD_LIMIT = 0 CACHE_MB = 2048 This disables internal rate-limiting and maximizes in-memory caching.  • Fulcrum sets txhash_cache=2000 to keep recent transaction lookups in RAM.  • Esplora (Blockstream’s server) uses a “constant-time caching” schema so addresses above a threshold get fully cached.  ⸻ 5. CPU and concurrency • Indexing a new block is parallelized, and query handling is asynchronous. Single-core speeds matter less once the index is built, but public hosts often use multi-core Xeons or equivalent to absorb spikes in demand.  • Your gaming-PC CPU may be fast, but if it’s paired with a spinning disk or limited DB cache, your wallet’s RPC rescan still bottlenecks on I/O and single-threaded script-matching. ⸻ How to speed up your local setup 1. Use an Electrum-style indexer locally (e.g. run ElectrumX, Electrs or Fulcrum against your node) instead of pointing Electrum directly at bitcoind. 2. Move your data directory to an SSD/NVMe, and give your indexer its own fast volume. 3. Increase DB cache in your server config (CACHE_MB, DB_CACHE) to keep more of the index in RAM. 4. Ensure your Bitcoin Core is started with -txindex=1 (if using ElectrumX/Fulcrum) or -blockfilterindex=1 (with descriptor wallets) so the indexer can pull historic data without re-scanning blocks itself. By adopting the same hardware profile (SSD + ≥16 GB RAM + decent single-core CPU) and software tuning that public hosts use, your local Electrum server will likewise return balance and history queries in milliseconds instead of minutes.
Worst economic post ever! (The original) hourly wages in 1913 were 20 cents an hour, there $7.25 now 36× greater 100/36 = Less than $3 Want to complain, complain about COST not dollar valuation
DOLLAR COST AVERAGING, A very smart investing technique over the long run.
Risk management is key. You are a family man, you should start things slow. Here's a couple of steps you could follow, but please whatever you do don't blindly listen to strangers like myself. Do your own research first If I were starting out again I'd follow those steps: 1. Open an account in a reputable exchange, binance, coinbase, [crypto.com](http://crypto.com) and the likes 2. Set a budget, something that you are comfortable "losing" let's say something like 10% of your annual income 3. Pick coins that you believe in. I suggest to stick with the top 10 coins and especially BTC 4. DOLLAR COST AVERAGE. Buy daily, weekly, bi weekly, monthly, whatever you feel like. You can have this process automated it's very easy 5. For extra security, you can buy on an exchange and then move your coins into a wallet, even go as far as getting a cold wallet (physical) This is a very safe approach, by buying on a preset time frame rather than watching the price action and reading charts, you are trying to overcome the volatilty of the market. It's not as profitable as day trading, but in my opinion, it's the wisest play. Hope this helps, good luck.
i’ve got it! ADC! AVERAGE DOLLAR COST!
Here what you do, take 5k spread it around. Over the next year, take the other 5 k use it for DCA ( DOLLAR COST AVERAGING ) That way your in, mailing money if the time comes, but if the prices go down, buy at lower prices (DCA) By the way, I've only been in crypto for like 2 months. Lots of ppl give me shit saying " but you've only been united this month or two hahaha ) Yea, I did lots of research, I go full crazy when I'm interested in something. I don't see anyone mentioning that in this post, but that's exactly what you want to do
not shouting, I'm TYPING and emphasizing, If you are yelling in your head that's on you. you keep missing the word COST!
for the COST of mice NOW. Technically You can buy a house now for the cost of a Pizza 15 years ago
It is impossible to scale an L1 to the globe and have it remain decentralized. It's onown as the blockchain trilemma, and it is as real and physical as entropy. Ethereum, since the whitepaper, has had a culture that anyone with a decent computer should be able to run a node and verify the consensus of the chain. To this day, it remains a core value to Ethereans. So in order to preserve decentralization, the only way to get more transactions onchain is to compute them offchain, and then prove that the computation occured according to the rules. And to that end, an immense amount of research has gone into scaling Ethereum (and keeping its decentralization properties) and has produced world changing tools like zero knowledge proofs, which are now used to perform this offchain computation. Ethereum is at the forefront of blockchain research, and it's not even fucking close. So when people like you come in and say "OH BUT L1 COST SOO MUCH" it comes from a fundamental misunderstanding of blockchains and how they remain decentralized. If you want a fast, and cheap blockchain, and you don't mind sacrificing decentralization and safety, then there are plenty of L1s/L2s/L3s and anything in-between. There are so many options, because it's incredibly easy to make a fast and cheap blockchain, anyone can do it. Now make a fast and cheap blockchain, that's also decentralized. That's Ethereum and its L2s, like Arbitrum or Optimism, which are vastly superior to any alt L1 because they are fast and cheap AND they come with guarentees on your deposit. Even iof Arbitrum wanted to steal your ETH, it can't and you always hold custody.
Okay apparently there are at least two: HOT DOGE and COST (costco hot dog). both fabously depegged, of course.
Trump wanted negative interest rates when the Fed Fun rate was 1.75%. He was crying that the Fed wasn't treating him fairly and favored Obama. I don't think Trump has idea clue how interest rates and the economy works. > he Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term," Trump tweeted. "We have the great currency, power, and balance sheet... The USA should always be paying the ... lowest rate. No Inflation! https://www.reuters.com/article/business/trump-reverses-course-seeks-negative-rates-from-fed-boneheads-idUSKCN1VW1CI/
Hey so I'm thinking of starting personal discord on my page with a lot of friends and crypto fanatics I've met in person I'm seriously going to keep it to a small known group and not hand it out to a ton of people who I don't know but it's going to be chatting and convo on our own investments and what we think just a discussion forum if you will with authentic people . Your post has got me in my feels as to how real and similar of my run at the market has been this 6 months . It's finally a time in my life I refused to not understand and I'm getting it finally . So from this point on I think I should be consulted, consuming advice , researching everything , recording , and surround myself with the people I want to allocate my knows and my question with . I'm gonna DM you a few contact places if your into that add me or HMU and when I create the group for the new year we can all get to finish this bull run together jank around the bear market and become well versed and diverse become great friends and partners in an attempt to become as prepared as possible! And in 5 years time out group will enter the bull run of 2030 with an absolute abundance of quality info and insight and be able to baby some underlings as lost as us and actually be able to make some saucy moves . IVE COME AS FAR AS A NAME AND A SLOGAN Ive lost I've gained I've been invited I've paid I've entered I've stayed I've cursed I've prayed Hold it sold it Promise nothing But the name FRIENDS AND ALLOCATED A GROUP OF FUN IDIOTS WERE NOT BOTS WERE NOT FINANCIAL ADVISORS ADVICE WONT COST YOU MILLIONS CASTED INTO THE DEEP THE COLD PLUNGE TO SEA INVEST WHAT WE KNOW WE BELEIVE IN A REASON TO SHOW YOU DUE DILLIGENCE COINS TOKENS AND NFTS WE ARE THE CRYPTO-APHILIATES
Scratch the 50k / 100k and place 100% worth but will only be charged 50%. Same same. All points still valid. Ridiculous risk to get ZERO if it’s not paid off in time, and you’re only getting the bitcoin AT COST. no upside.. or if you’re saying 7% with zero collateral is the upside, then the risk/reward is far too great.
This was a lesson for me as well when i started. Depending on how you buy ( platform or decentralized) there's always extra "COST" . You think you can make 10% but it's really not. Usdc is your friend when trying to use profits to buy back in. Patience is your friend as well. And unless you know for certain it's going up and up, then you buy at key points on the way up or down, and not dump all usdc in at 1 time. I hope that made sense...
my COST and VIIIX holdings mean im going to retire a millionaire. BTC is funzies with chump change on the side.
you're doing it wrong, at least in the US. it's a common misconception that you don't have to do anything until you "cash out." I don't know why so many people believe that. the truth is that every time you relinquish any amount of cryptocurrency for any reason it is a taxable event, then you use a method like FIFO to figure out what you acquired it for. this gets messy when you buy 1 of something for $10, then 1 for $12, and later sell 0.5 or 1.5. to calculate the cost basis for a sale you have to "eat through" your purchases that might have happened at different prices. you can't do that easily in plain old excel. you have to add a scripting language, or pay extortionate fees to a company like koinly. tax accounting software will end up spitting out a CSV that looks kind of like this. then it can be imported into something like turbotax. |ASSET NAME |RECEIVED DATE|COST BASIS(USD)|DATE SOLD|PROCEEDS| |------------|-------------|---------------|---------|--------| |MATIC |09/21/22 |0.05 |02/07/23 |0.08 | |MATIC |09/21/22 |0.01 |02/07/23 |0.02 | |MATIC |09/21/22 |0.01 |02/07/23 |0.02 | |MATIC |09/21/22 |0.03 |02/09/23 |0.06 | |LDO |06/04/22 |26.69 |02/09/23 |36.26 | |USDC |09/13/22 |0.03 |02/18/23 |0.03 | |NEAR |09/13/22 |3.07 |02/18/23 |1.71 | |CBETH |02/18/23 |2.50 |02/18/23 |2.48 | the problem is if you use a mix of coinbase and uniswap, neither party knows the full history of your coins. whatever coinbase wants to tell the IRS will be wrong or incomplete. you have to make up your own paper that has all the history so you can figure out the cost basis for every disposal. if you get income, that's a different category from capital gains. things like solo staking or getting paid for feet pics. it gets listed in a different section of turbotax, but it also gets included in your cost basis for capital gains. I don't know why I'm effortposting about this. 99% of the solana degen kids with their stupid phone are going to ignore what I'm typing and just make something up. but my point is to do it correctly it's really really hard.
In all fairness, bitcoin can make up the majority of your investments, and LOW COST index funds like VTI or VOO can be a smaller % of your portfolio.
"The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet....." Trump would hyperinflate the dollar if he was left to it... More war and economic meddling, terrifs, sanctions than any other president. Extremely large welfare packages, gun laws tightning... trump expanded government more than any president. The dude is the exact opposite of a fiscal conservative. Forcing the fed to Buy 1 million bitcoin from printed money or even taxing people would literally break the system. People are so fucking gullible, I bet you guys would have voted for kamala too if she said some ill-informed flattering shit about Bitcoin.
> I understand it has some "cool" technology Do you know what is even more crazy? All of this industry's software is ***open source***. So you could right now ***copy Bitcoin code for free*** and launch your new version of Bitcoin at close to **NO COST.** But your version of Bitcoin would be worthless, no one wants to buy. However, the OG Bitcoin is worth $91K, when in fact your Bitcoin has the exact same code. > That half of Nvidia. The situation isn't anywhere close to Nvidia. With Nvidia, they have patent laws to lock competitors out from stealing their tech and stealing their market share. Makes you scratch your head, huh? A free tech code that ppl don't use besides trading but it is half of Nvidia? Something doesn't add up, right? > it seems like there may be newer cryptos with better tech that could actually be more usable? This is the proverbial newbie mistake. Asking how to think about this ***industry with a TradFi mind.*** You think, "shit, this ***pet rock does nothing but is worth 1.8 trillion***. Imagine if I buy a pet rock that does something and ***maybe I could do an arbitrage trade***. Fuck, I am a genius. I am going to win and be a billionaire". It is the ***typical mindset*** of every ***new crypto buyer who ends up losing most of their money***. Here is a list of Bitcoin copycats trying to make it easier to use and more useful. [https://www.coingecko.com/en/categories/bitcoin-fork](https://www.coingecko.com/en/categories/bitcoin-fork) Observe how all of their market caps are 225X smaller than Bitcoin. Ppl here aren't necessarily stupid. It is just "utility" has never found itself able to justify its price like buying a pet rock and passing it to the next guy. So what get ppl to buy Bitcoin? Why is it so high? What is the magic? Observe: [https://youtu.be/PQQ7pPT\_ObE?t=2432](https://youtu.be/PQQ7pPT_ObE?t=2432) Now watch this: [https://youtu.be/6nqzwdGxTGc?t=46](https://youtu.be/6nqzwdGxTGc?t=46) I hope you know the truth now. Most of this sector's price action comes from ppl buying and holding in hopes for someone else to buy at a higher price. You might feel uncomfortable. But that is how things really work here - once ***you cut out all the veneer***. Try to be a smarty pants and you will learn your lesson by losing your money like most here have. The key is you need to buy into an asset that has a community to convince others to buy after you. And they need to be in control of what is being said. Why is Bitcoin outperforming? It is because their community understands the game best. It is not about utility for price. It is about convincing ppl not to sell and get a narrative like the US govt is going to make the price go up.
learn about Bull Markets and Bear Markets. Learn about DCA-DOLLAR COST AVERAGE. Bitcoin is only going to go up, With Bitcoin, don't stress about volatility, one day you're up 10k, the next day you're down 12k-just a wild but realistic example. If you're going to invest in bitcoin, ensure it is for the long term, that would be my best advice. Back to dollar cost average, you can set up recurring purchases daily, weekly or however you would like. DCA works great for an investment that you KNOW will do will long term. JUST do some research. Bitcoin is worth your time....knowledge is power! best of luck!
Without trying to get too political in this subreddit here are some sources. Spaces added to prevent linking which may be disallowed. Also note that these are just some quick links I found with a search; there are certainly many more but they will all be in agreement on the basic facts. GREEN ENERGY POLICY Trump has expressed strong opposition to several renewable energy initiatives, claiming that renewable energy is unreliable and costly. He [describes](https://www.donaldjtrump.com/agenda47/agenda47-america-must-have-the-1-lowest-cost-energy-and-electricity-on-earth) Biden’s electricity policies as “industry-killing, jobs-killing, pro-China and anti-American.” * **Wind and solar**: Trump has made statements during his campaign [criticizing wind](https://www.bloomberg.com/news/articles/2024-05-12/trump-vows-day-one-executive-order-targeting-offshore-wind?embedded-checkout=true) and [solar energy](https://www.c-span.org/video/?532231-1/president-trump-holds-rally-durham-hampshire) as being too expensive for too little output. He is especially opposed to wind power and has promised to halt offshore wind development, which he [claims](https://www.nytimes.com/2024/05/09/climate/trump-oil-gas-mar-a-lago.html) harms marine life. https:// www. brookings .edu/articles/trump-has-big-plans-for-climate-and-energy-policy-but-can-he-implement-them/ ----------------------- COST OF RENEWABLES Solar and wind paired with battery storage can offer some of the cheapest forms of electricity across much of the U.S., beating out gas and coal, according to a new study into the cost of energy. ... Those figures do not include the new federal tax credits included in the Inflation Reduction Act, which bring the costs for solar, wind, and storage down even further. Another striking finding is that building new solar and wind facilities may even be economically attractive when compared to existing fossil-based sources of generation. https:// gasoutlook .com/analysis/u-s-renewable-energy-beats-fossil-fuels-on-cost-study/
IT COST ME $40.44 TO SEND $88 TO MY COINBASE EXTERNAL WALLET. I was in my Crypto.com wallet and I sent $88 worth of bitcoin to my coinbase wallet.... However $44 is the amount that arrived in coinbase wallet
You’re not doing the ABSOLUTE MINIMUM amount of googling required to learn that inflation is not as simple as “OMG, WE PRINTED TOO MUCH MONEY!” There are LOTS of things that impact inflation. LOW UNEMPLOYMENT impacts inflation. TARIFFS, TAXES, INCREASED REGULATION THAT INCREASES COST OF PRODUCTION. Go take ECON101, your extreme over-simplification and paired arrogance needs a reality check.
#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.
#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.
#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.
>if every company starts using AI the price of goods would fall No, advances in technology lead to reductions in the COST of goods. The PRICE is set by the seller. Most companies using AI to reduce their costs (by eliminating human jobs) just keep prices the same and pocket the excess profit.
Oh no, joe biden will have to comfortably retire. The COST is paid by the 99% of Americans that will suffer oppression under the ruling class.
If you loss your job and there is not enough income coming in, then that credit card is only a very temporary “fix.” More like applying a bandaid on a gunshot wound. If you sell your DCAed bitcoin in a serious downturn/bear market, your emergency expenses can be as much as 40% HIGHER than fiat… your DCAed bitcoin lossing 40% in 2014, 2018, 2022 etc in fiat terms MEANS YOUR EMERGENCY WILL COST YOU 40% MORE. And emergencies can come at any time, Bull or bear… best to plan for a worse case situation (like you have a serious medical condition, serious repairs on car/house, loss of job in bad financial downturn etc.)
so we are at the costco-hotdog-coin-phase of the bull run, godspeed and COST
Dollar Cost Averaging. For example, you buy 1 bitcoin for 70,000$… your COST is 70,000$. Let’s say a couple days later bitcoin dumps and goes down to 35,000$ each. Well now you are down 50%, huge loss right. Well now you can do two things. You sell for a loss, or you can DCA by continuing to buy more bitcoin and adding to your position. Since now you are buying it at much lower price then your cost average starts to go down in the hope of it to come back up. So you bought 1 bitcoin for 70,000$ then when it dropped you bought another bitcoin at 35,000$. Now your COST for the 2 bitcoins you own is 35,000$, therefore if Bitcoin rises again to 70k well now you will be in profit, while if you hadn’t DCA and just your initial 1 Bitcoin and the price goes back to 70k you didn’t make anything. Hope that makes sense. Remember DCA is just a strategic tool