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Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

Repeated Experiment: I bought $1k of Top10 Cryptos on 01/01/2019. Result? UP +43%

EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Seventeen - UP 43%

Full blog post with all the tables here.

tl;dr - This is the 17th monthly update on the 2019 Top Ten Experiment. Ethereum up the most in May, plus got a shout out from J.K. Rowling, so it obviously won the month. Overall, BTC in first place since January 2019, BSV in second place. Half of the 2019 Top Ten Portfolio is up at least +50%. XRP is worst performing. Total $3k (3 x $1k) investments the 2018, 2019, and 2020 Top Ten are up +3.5%, but similar approach with US stocks market would have yielded +10%.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended 2018 down 85%, my $1000 worth only $150. I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Seventeen – UP 43%

Unlike April’s all green month, May was more mixed. That said, the gains outweighed the losses this month in the 2019 Top Ten Portfolio.

Question of the month:

In May, Reddit launched two Ethereum-based tokens on the Cryptocurrency and FortNiteBR subreddits. What are the Cryptocurrency token called?
A) Moons
B) Bricks
C) Satoshis
D) Cryptos
Scroll down for the answer.

Ranking and March Winners and Losers

Besides Stellar (down two spots to #13) and Tron (down one from #16 to #17) every other crypto was locked in place.
Speaking of Stellar and Tron, they are still the only two cryptos to have dropped out of the 2019 Top Ten since January 1st, 2019. They have been replaced by Binance Coin and Tezos.
May WinnersEthereum ended the month up +16% and got a shout out from J.K. Rowling, so it obviously won May. BTC came in a close second this month, up +14%.
May Losers – A tight battle for the basement this month with BSV (down -3.9%) edging out XRP (down -3.7%) for the bottom spot.
For nerds those keeping score, here is tally of which coins have the most monthly wins and loses during the first seventeen months of the 2019 Top Ten Experiment: Tether is still in the lead with five monthly victories followed by BSV in second place with three. BSV also holds the most monthly losses, finishing last in six out of seventeen months.

Overall update – BTC increases lead over second place BSV, XRP still worst performing

Ahead until just last month, BSV lost a lot of ground to BTC in May. Bitcoin is now up +168% since January 2019 compared to BSV‘s +116% gain. That initial $100 investment in BTC? Now worth $273.
As was the case last month, 50% of the 2019 Top Ten cryptos are up at least +50% since the beginning of the experiment.
At the other end, XRP continues to struggle, now down -41% since January 2019.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $35B in May, and is now near August 2019 levels. It is up +123% since January 2019.

Bitcoin dominance:

BitDom was steady again in May. This marks the third straight month it’s been stuck at around 65% For context, the range since the beginning of the experiment in January 2019 has been between 50%-70%.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio gained about $65 in May. After the initial $1000 investment, the 2019 group of cryptos is worth $1,431, up about +43%.
Here’s a look at the ROI over the life of the first seventeen months of the experiment, month by month:
Almost completely green for the 2019 Top Ten, a welcome change from the all red table you’ll see in the 2018 experiment. As you can see, every month except the first month ends in positive territory. At the lowest point, the 2019 Top Ten portfolio was down -9%, at the highest point, up +114% (May 2019).
How does the 2019 Top Ten Experiment compare to the parallel projects?
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104‬.
That’s up about +3.5% for the combined portfolios. Better than a few months ago (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.
How does this compare to traditional markets?

How does the 2019 Top Ten portfolio compare US stock market?

Excellent question, I’m glad you asked. And you’re in luck, I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. Despite the fact that the world seemed to be on fire, May 2020 saw the continued rebound of the stock market. It’s now up +22% since the start of the 2019 Experiment.
As a reminder (or just scroll up) the 2019 Top Ten portfolio is returning +43% over the same time period, which is about double the S&P 500.
The initial $1k investment I put into crypto would be worth $1,220 had it been redirected to the S&P 500 in January 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$140
  • $1000 investment in S&P 500 on January 1st, 2019: +$220
  • $1000 investment in S&P 500 on January 1st, 2020: -$50
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310.
That $3,310 is up over+10% since January 2018, compared to the $3,104 value (+3.5%) of the combined Top Ten Crypto Experiment Portfolios.
That’s about a 7% difference in favor of the stock market. Last month, there was only a 3% difference, the month before, the gap was 13% (all in favor of the stock market).

Implications/Observations:

The difference between the 2019 Top Ten crypto group and the overall crypto market is stark. Since January 2019, the overall market has gained +123% compared to the 2019 Top Ten crypto group which has gained +43%. This is an absolutely massive 80% gap. A +43% return is solid compared to the stock market, but it also implies that an investor would have done much better picking different cryptos or investing in the entire market instead of focusing only on the Top Ten. There are a few examples of this approach outperforming the overall market in this 2019 Top Ten Crypto Experiment, but the cases are few and far between.
The 2018 Top Ten portfolio, on the other hand, has never outperformed the overall market, at least not in the first twenty-nine months of that Experiment.
For the most recent 2020 Top Ten group, the opposite had been true: the 2020 Top Ten had easily outperformed the overall market 100% of the time…until this month.

Conclusion:

The BTC halving event came and went in May and crypto markets shrugged. As the world continues to change because of COVID-19, what will be crypto’s place when we finally emerge on the other side?
Final word: Please take care of yourselves, your families, and your communities. Stay safe out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.

And the Answer is…

A) Moons
According CryptoCurrency, Moons represent ownership in the subreddit, “tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency*.*” Check out this post for more details.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 28 Update (Down -82%)

EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month 28 Update (Down -82%)
https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/
https://preview.redd.it/fadknmsjg5x41.png?width=666&format=png&auto=webp&s=e3a2de76c643f957d1b6f1b2f1b1ca09840988e9
See the full blog post with all the nerdy tables here.
tl;dr - Stellar dominates April, all coins in the green. BTC still way ahead overall, ETH reclaims a distant second place, and NEM (anyone remember NEM?) still in basement. 2018 Top Ten down -82% since Jan. 2018. When taken together, all three experiments (I repeated the experiment for 2019 and 2020) are basically even with S&P 500 since Jan 2018. More details that you probably care about below and stay safe out there.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150. I repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020. Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space. I am trying to keep this project simple/accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves. This experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

The Rules:

Buy $100 of each the Top 10 cryptocurrencies on January 2018, 2019, and 2020. Hold only. No selling. No trading. Report monthly.

Month Twenty-Eight – Down 82%

Welcome back from the brink. While March saw the experiment enter full zombie apocalypse mode, the crypto market recovered bigly (or big league?) in April: every crypto finished in the green by at least double digit percentage gains.

Ranking and April Winners and Losers

Some ups, some downs, a good deal of movement. IOTA and NEM fell one position each down to #25 and #27 respectively. Although it seems like an eternity, remember these were the #7 and #8 ranked coins just a little over two years ago. On the upside, Cardano and Dash both climbed one position, while Stellar clawed back two spots, once again knocking on the door of the Top Ten at #11.
The overall drop out rate remains at the 50% mark (meaning half of the cryptos that started 2018 in the Top Ten have dropped out). NEM, Dash, IOTA, Cardano, and Stellar have been replaced by EOS, Binance Coin, Tezos, Tether, and BSV.
April WinnersStellar dominated April, up an impressive +75%. Cardano finishes in second place, up +63% for the month.
April Losers – Every cryptocurrency finished April in positive territory, but NEM (+12%) and Bitcoin Cash (+15%) lagged behind the rest of the field.
For the overly competitive: below is tally of which coins have the most monthly wins and losses in the first 28 months of the 2018 Top Ten Crypto Index Fund Experiment. Most monthly wins (7): Bitcoin. Most monthly losses (5): Stellar. All cryptos have at least one monthly win and Bitcoin now stands alone as the only crypto that hasn’t lost a month (although it came close in January 2020), when it gained “only” +31%).

Overall update – BTC still way ahead, ETH reclaims second place, NEM reclaims last place.

Bitcoin made up a lot of ground this month, moving -50% since January 2018 last month to -33% at the end of April. BTC is still well ahead of the field. This may feel like a foregone conclusion at this point, but for context, long time 2018 Top Ten Experiment followers will note that this has not always been a given. Just a little over a year ago, for example, BTC was second place behind Stellar.
Same goes for the 2019 and the 2020 Top Ten Experiments: BTC is not always at the top.
Ethereum broke the tie with Litecoin for second place this month, down -70% since January 2018. A similar situation at the bottom: NEM (down -96%) is now alone in last place. That initial $100 investment in NEM? Now worth $4.46.

Total Market Cap for the entire cryptocurrency sector:

The overall crypto market added about $63B in April 2020, basically getting back to late February levels. It is now down -57% from January 2018.

Bitcoin dominance:

Bitcoin dominance basically stayed put this month. For context, the range since the beginning of the experiment in January 2018 has been wide: a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018.

Overall return on investment since January 1st, 2018:

The 2018 Top Ten Portfolio gained about $50 bucks in April 2020, back near where it was at the end of February. If I cashed out today, my $1000 initial investment would return about $183, down -82% from January 2018.
Here’s the ROI over the life of the experiment, month by month:
April 2020 is now the ninth consecutive time the portfolio has ended the month down at least -80%.
For comparison, the 2019 and 2020 Top Ten Experiments are solidly in positive territory:
Taking the three portfolios together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $2,969‬.
That’s down about -1% for the combined portfolios. Definitely better than last month (aka the zombie apocalypse) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels.

Comparison to S&P 500:

I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. April 2020 saw a large rebound in the stock market. Although not quite back up to end of February levels, the S&P added over +14% back this month. It is now +6% since the start of 2018. The initial $1k investment into crypto would have gained about $60 had it been redirected to the S&P.
This is where it gets interesting. Taking the same drop-$1,000-per-year-on-January-1st approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$60
  • $1000 investment in S&P 500 on January 1st, 2019: +$130
  • $1000 investment in S&P 500 on January 1st, 2020: -$120
Taken together, here’s the bottom bottom bottom line for a similar approach with the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,070.
That $3,070 is up about +2% since January 2018, compared to the $2,969 value (-1%) of the combined Top Ten Crypto Experiment Portfolios.
That’s a only a 3% difference. Last month the gap was 13%.

Implications/Observations:

The 2018 Experiment’s focus of solely holding the Top Ten Cryptos has never been a winning approach when compared to the overall market. The total market cap is down -57% from January 2018 compared to the -82% for the cryptos that began 2018 in the Top Ten. This of course implies that I would have done a bit better if I’d picked different cryptos – but better if I’d put all my eggs in NEM‘s -96% basket, for example. But at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-eight months compared to the market overall.
In the other two experiments, it’s a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel 2019 Top Ten Crypto Experiment. For the most recent group, this approach has been 100% successful so far: each of the first four months of the 2020 Experiment show that focusing on the Top Ten beats the overall market.

Conclusion:

Although we’re not nearly out of the woods yet, countries and relaxing restrictions and markets, including the cryptosphere, are bouncing back. Will COVID-19 drive people to or from crypto? What happens if we get hit by a second wave of COVID-19. And how will the approaching Bitcoin halving effect markets in May?
Final word: second waves of COVID-19 are definitely possible. Please take care of yourselves, your families, and your communities. Keep up the social distancing, wear a mask, and wash your hands. Be careful out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of January 1st, 2019 then again on January 1st, 2020.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2019 (Jan 2020 Update)

I bought $1000 worth of the Top Ten Cryptos on January 1st, 2019 (Jan 2020 Update)
2019 \"Index Fund\" EXPERIMENT - Tracking Top 10 Cryptocurrencies of 2019 - Jan 2020 Update - Up 63%
Full blog post with all the tables
tl;dr - The Forks rule January with BSV and Bitcoin Cash dominating the month. Bitcoin loses overall lead to BSV which is now well ahead of its peers. 40% of the 2019 Top Ten Cryptos are up over +100% overall. Stellar is the worst performer, down nearly half since Jan. 2019.

The Experiment:

Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap on the 1st of January 2018. The result? The 2018 Top Ten portfolio ended the year down 85%, my $1000 worth only $150.
I then repeated the experiment on the 1st of January 2019 with the new 2019 Top Ten cryptos, then again in 2020.
Think of the Top Ten Experiments as a lazy man’s Index Fund (no weighting or rebalancing), less technical, but hopefully still a proxy for the market as a whole – or at the very least an interesting snapshot of the 2018, 2019, and 2020 crypto space.
I am trying to keep this project simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. I try not to take sides or analyze, but rather attempt to report in a detached manner letting the numbers speak for themselves.
This is not investing advice – as a matter of fact, the vast majority of the reports will show that the Top Ten approach under performs other strategies. This is experiment is designed to be documentary in nature, describing a specific period in cryptocurrency history.

Month Thirteen – UP 63%

The new year brought new life to the crypto markets. After two down months to end 2019 at nearly the break even point (I was up only +2% after tracking these cryptos for one year) the 2019 Top Ten had a very strong January and now has gained +63% since January 2019.
Additionally, every crypto finished the first month of the year in the green, something this group hasn’t achieved since October 2019.

Ranking and January Winners and Losers

Seven of nine ten cryptos changed positions this month. BTCSV gained the most ground advancing four spots as Stellar headed in the opposite direction, down three places in January. The only cryptos to stay put were the top three: BTC, ETH, and XRP.
Stellar and Tron have dropped out of the 2019 Top Ten and have been replaced by Binance Coin and Cardano.
January Winners – Good month for the forks: BTCSV absolutely crushed its peers in January, up +193%. Bitcoin Cash finished in second place, up +87%.
January LosersTether picks up a loss, always a good sign for the rest of the 2019 Top Ten (no offense Tether). +24% wasn’t enough for XRP to avoid being the second worst performing crypto in January.
For those keeping score, here is tally of which coins have the most monthly wins and loses during the first thirteen months of this experiment: Tether is still in the lead followed by BTCSV in second place. Bitcoin SV also holds the most monthly losses, finishing last in four out of thirteen months.

Overall update – Bitcoin falls behind BTCSV. Stellar and Ripple still worst performers.

Bitcoin, after ending 2019 with a significant lead over then second place Litecoin, has fallen behind BTCSV which ended the month up +194% since January 2019. Bitcoin is now in second place overall (up +147%) followed by Bitcoin Cash which is up +129%. My initial $100 investment in BTCSV is now worth $296.
40% of the 2019 Top Ten Cryptos are up over +100% at the moment: BTCSV, Bitcoin, Bitcoin Cash, and Litecoin,.
On the other side of the coin (see what I did there?) Stellar and XRP are taking a beating, down -47% and -33% respectively.

Total Market Cap for the entire cryptocurrency sector:

The crypto market gained over $67B in January 2020. The overall market cap is now back over $250B, a level last seen in September 2019. Bigger picture, the crypto market is up over +100% since the Experiment began in January 2019.

Bitcoin dominance:

Bitcoin dominance dipped a few percentage points during the first month of 2020, an indicator that the strong January can be attributed more to altcoins than to Bitcoin.

Overall return on investment since January 1st, 2019:

The 2019 Top Ten Portfolio gained about $615 in January 2020. After an initial $1000 investment, the 2019 Top Ten Portfolio is worth $1,631, up about +63%.
Here’s a look at the entire experiment, month by month:
Every month except the first month (January 2019) is green.
How does the 2019 Top Ten Experiment compare to the parallel projects?
Taken together, here’s the bottom bottom bottom line:
After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,382.
That’s up about 12.7%.

Implications/Observations:

While the crypto market as a whole is up about +100% since January 2019, the 2019 Top Ten cryptos have gained just +63%.
This is reminiscent of the 2018 group as at no point in the first twenty-five months of the Top Ten 2018 Experiment has the approach of focusing on the Top Ten cryptos outperformed the overall market. There are a few examples, however, of this approach outperforming the market in the 2019 Top Ten Crypto Experiment and, spoiler alert, the first update of the 2020 Top Ten Crypto Experiment shows that focusing on the Top Ten was a good strategy in January 2020.
I’m also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is up +29% since the beginning of 2019. This is less than half the +63% gain that the 2019 Top Ten portfolio is returning.
So, the initial $1k investment I put into crypto would now be worth $1290 had it been redirected to the S&P 500 in January 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging/$1,000-per-year-in-January approach with the S&P 500? It would yield the following:
  • $1000 investment in S&P 500 on January 1st, 2018: +$210
  • $1000 investment in S&P 500 on January 1st, 2019: +$290
  • $1000 investment in S&P 500 on January 1st, 2020: +$0
Taken together, here’s the bottom bottom bottom line for the S&P:
After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,500.
That’s up about +17% (compared to +12.7% with the Top Ten Crypto Experiments).

Conclusion:

It was a nice change to have such a strong start to 2020 – both 2018 and 2019 began with crypto in a downward trend. With the Bitcoin Halving only about 100 days away, we should be in for a wild first half of the year.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original 2018 Top Ten Crypto Index Fund Experiment and the recently launched 2020 Top Ten Experiment.
submitted by Joe-M-4 to CryptoCurrency [link] [comments]

Splitphobia (aka The-Fix-Is-In)

As in other historic scenarios when someone wants to implement a policy which is against people's best interests then the easiest way to do it to manipulate people into believing that the said policy is in their best interests because in case of success the people will not only NOT oppose the harmful policy but they will embrace it.

Unfortunately manipulation works and it's very easy to do: when you have no rational arguments to win a debate then the only way to win it is to address the irrational inner-desires of your opponent because he has no control over them. The documentary "The Century of Self" does a good job of explaining the process: https://www.youtube.com/watch?v=DnPmg0R1M04

Blockstream unofficial agenda is to destroy, delay or discredit the BTC concept. They did a splendid job however they have one huge problem: hard forks. Hard Forks means that people can leave BTC's plantation and keep alive the BTC concept outside of their control which is simply not acceptable for them. Communism biggest problem was the existence of capitalism; any closed system biggest problem is the existence of an alternative better system. That's why Blockstream doesn't give a sh*t about BTC scaling, it's all a circus, and their main purpose is to discredit, discourage and destroy any BTC hard fork ... at any cost.

This is the main reason why since 2017 they are trying to kill BCH. Until now their most successful attack vectors were:
  1. Manipulate BTC price. The only reason BCH did not take over BTC in 2017 is Tether printing and BCH will not be able to compete with BTC on price until TetheBitfinex are gone. Probably the most successful Ponzi-scheme in history (outside of the banking sector).
  2. Unrelentless smearing campaign without any real basis (on-chain scaling doesn't work, BCH is a scam, BCH was founded by Roger Ver, BCH is bcash, BCH is an altcoin, etc). Unbelievably successful as almost all my real life friends know that BCH is Roger Ver's scam coin despite all my efforts to correct them.
  3. Unleashing a ton of BTC scam-forks (BTC Gold, BTC Diamond, others) which are truly scams without any prospects for the future. The idea was to drown BCH in a see of sh*t because most crypto-users don't know the difference between forks. Fortunately this was a dud.
  4. Incentivize BCH forks. Unfortunately BSV sole reason to fork from BCH was to destroy BCH's market value and split the community. Neither CSW or CA care about the BSV project because in that case they would have protected BSV market value while in fact they've done the opposite. This was quite successful.

Now, what's new:
5) Create a new narrative - Splitphobia (Hard Fork-phobia) - intended to delay BCH progress by creating an irrational fear of hard forks. That's why BSV trolls are complaining about BCH forks (!?), suddenly Binance's CEO is complaining about BCH forks, why Greg Maxwell is whining about Schnorr signatures first on BCH blockchain or why unknown hashrate suddenly appears on BCH blockchain before each upgrade fork.

As if necessary to dispel why this concept is utter garbage then I will mention some facts:
  1. There is nothing irrational about hard forks. They are not inherently evil or good. Hard forks are the best way to safely upgrade the BCH blockchain at any given time. Soft forks don't work and in fact BSV was born because of a soft fork for network upgrades.
  2. Without Blockstream, Bitfinex and Binance sponsored attacks BCH forks should not impact BTC price value -> the BTC miners would not be forced to switch to BCH in order to protect it therefore indirectly damaging the BTC price value. They are complaining about BCH forks damaging BTC but without their sponsored attacks there would be no damage to the BTC price value. What's the name of this?
  3. Hard forks are very powerful and can be used to implement consensus altering changes. However no such changes were implemented until now and ABC's roadmap is pretty clear about the future (https://www.bitcoinabc.org/2018-08-24-bitcoin-abc-vision) Now, I think Avalanche will slightly impact the consensus rules but that's another topic :)


TL;DR: All this noise about BCH planned network upgrade is just that: noise. BCH will upgrade again, it will become better and stronger, and Blockstream cannot do anything about it (in fact they are running out of options). The surprising loser in this fight is BSV which is acting in Blockstream's interests and against BSV's holders interests. Whomever invested in BSV will be completely wiped out at the end of this debacle.

Thanks @deadalnix and all the other awesome BCH developers. The fact that you are making Blockstream and BSV trolls go out of their minds means that you are doing the right thing :)
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#BINANCE #BITCOIN #BTC We are delighted to officially add New Fiat Listings to Binance. To read more about the competition please visit: Thanks for your support! binance, binance quick tutorial, binance live trading, binance trading platform, binance futures, binance stop limit, binance academy, binance deposit, binance exchange, binance trading hindi, ethereum dapps, ethereum… This week filmmaker Torsten Hoffmann launched the cryptocurrency-infused documentary “Cryptopia: Bitcoin, Blockchains and the Future of the Internet.” Cryptopia discusses the powerful economy The Official Bitcoin Documentary List. Here are some fun documentaries and films based on the subject of Bitcoin. Bitcoin is barely even 10 years old and is now a growing crypto asset for a mainstream audience. For the everyday individual, mentors, books and documentaries are the most efficient and effective methods to learn about a specific topic and gain “knowledge”. A good documentary ... A booming cryptocurrency mining industry is disrupting a small town in Washington state, see this how in this documentary. #18. Life on Bitcoin. Find out how it is live your first 90 days of honeymoon strictly on Bitcoin through this documentary. #20. Finance After Blockchain . A documentary about the potential impact of blockchain (or “distributed ledger”) technology on financial services ... 1. Bitcoin: The End of Money As We Know It. A 60-minute documentary created by Torsten Hoffmann was released in December 2014. It is a must-watch and still one of the best Bitcoin documentaries to date. The film raised 17,362 Australian Dollars on Kickstarter. The documentary explains why and how Bitcoin could disrupt our traditional financial ... Breaking Bitcoin: the documentary financed with Bitcoin Cash By Alfredo de Candia - 21 Sep 2020 Collin Enstad , director of the documentary “ Breaking Bitcoin “, announced yesterday on his social channels that the crowdfunding campaign for his latest film has been concluded and filming will begin soon. $500 Million Worth of Bitcoin (BTC) Futures Liquidated… 7 November 2020. News. Samsung Now Allows You to Earn Bitcoin Rewards. 6 November 2020. News. Tether market cap surpasses $17 billion, fueling Bitcoin… 6 November 2020. News. Binance’s DeFi index crashes 60% as Bitcoin overshadows… 6 November 2020. News. DigiByte (DGB) Community Full of Life and Encouraging… 6 November 2020 ... 1. The Rise & Rise of Bitcoin. You cannot watch anything better than this documentary. It documents Bitcoin’s early days and shows how it continued to rise and fall amidst the Mt. Gox or the Cyprus crisis (2012-2013). It is filmed and written by Daniel Mross, a computer programmer, and two other Bitcoin enthusiasts Patrick Lope and Nicholas Mross. Life on Bitcoin (2014) And now, for something a little different: Life on Bitcoin started as a Kickstarter campaign where real-life couple Austin and Beccy planned to film a documentary that followed their first 90 days of marriage—with a Bitcoin-powered twist. Overzicht: 20 Bitcoin & Crypto documentaries die moet zien in 2020. Hier vind je 20 verschillende blockchain documentaires die alles uitleggen over bitcoins.

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Buy/sell Bitcoin with Euros and Pounds on Binance Binance Jersey

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