Any hope for BitcoinCash? | Bitcointalksearch.org

Abiky

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It is almost like many investors have already moved on from buying and holding this coin, bch use to have good value before and can recover quickly from any dip but now it struggles to get 5% up, I made a decent profit flipping bch back then, it is no longer profitable holding this coin.

People simply lost interest in Bitcoin Cash after the "Hash Wars" of 2018. The blockchain became relatively unstable for a short period of time, forcing businesses to look for other alternatives. Constant forking of the BCH blockchain has led to the lost of credibility among people in the mainstream world. There are two variants of the BCH chain (mainly BSV and eCash) trading on the market today. They have taken a portion of BCH's market share, effectively undermining the parent cryptocurrency's position in market cap.

Nowadays it's all about "De-Fi" and NFTs, so any cryptocurrency able to provide smart contract features will surely gain the most attention in the mainstream world. BCH has a sidechain with smart contract functionality, but not many people are aware of it. The number of dApps on it (if any) is pretty small, so it's highly unlikely BCH will take off soon. If demand continues to sink deeper, I'm afraid BCH will fade into oblivion like the rest of the other "shitcoins" on the market. I wouldn't worry much about Bitcoin Cash as long as we have the original Bitcoin (BTC). Just my thoughts Grin

btc78

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Quote from: Nazmul012 on December 18, 2021, 05:33:37 PM

Yeah. BitcoinCash always follows Bitcoin and its movement is based on that. Many people considered this fork as another part of bitcoin. So there is always hope for bitcoincash, it could record ath f btc can doing well. but you btc fail to increase, then impact would be seen on bch too as if they are related to each others. although altcoins industry always followd bitcoin movement, as normal

Is this the Bitcoincash that you are talking about?

https://coinmarketcap.com/currencies/bitcoin-cash/

from 4,400 All time high and now sitting at 400$ value? lol if this is having a good future then this must at least have update in increasing?

the price now is just 10% of the ATH that shows how BS this coin is while Bitcoin and other Bitcoin fork coins are moving up.

peter0425

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Quote from: paramind22 on October 01, 2021, 11:42:56 AM

Do you think there is any hope for BitcoinCash? Is it still one of the major alts that will pump? Will it reach previous all time highs?

Stop dreaming mate, best to try changing course and Bet instead to Bitcoin lol.

there are so many currencies that there are best to take long term then why BCH? do you really believe in Clone currency instead of Legit one?

Quote from: Cryptock on December 09, 2021, 05:57:27 PM

Quote from: aces777 on December 09, 2021, 12:06:59 PM

There's so many hardforks that came after BCH that I just don't really see it as a longterm thing. It might still be around in a few years, used by some, but just not in the volume that is required. It might still pump every bullmarket, probably less so than Bitcoin, with temporary exceptions.

I don't believe CW is satoshi, but there's a lot of people that do, and BSV just got a much fiercer fanbase, it's probably going to overtake BCH at one point.

As you wrote, there were many forks which, like BCH, did not contribute anything new. These types of ideas are nothing long term, just a desire for a quick profit. It is possible that with some big bull run we will see BCH price pump. However, in my opinion, the prices of all forks will slowly go towards zero. (BSV also)

I think it is more better to Bet in Bitcoin Silver(of course another Shitcoin) than Bitcoincash that is my own opinion .

Vaskiy

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Quote from: Nazmul012 on December 18, 2021, 05:33:37 PM

Yeah. BitcoinCash always follows Bitcoin and its movement is based on that. Many people considered this fork as another part of bitcoin. So there is always hope for bitcoincash, it could record ath f btc can doing well. but you btc fail to increase, then impact would be seen on bch too as if they are related to each others. although altcoins industry always followd bitcoin movement, as normal

Not really, it has good trading volume as it is the fork of bitcoin. This has got it more popularity among the altcoins. However to the hype and the controversy of being the real bitcoin during the time of fork it climbed high in value, but it wasn't able to keep up the growth get continued. It has dependence over the bitcoin market, and nowadays it has been getting used on more fiat based pyramid schemes. I got added to few such groups, on seeing the analysts it is pure scam approach.

Nazmul012

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Yeah. BitcoinCash always follows Bitcoin and its movement is based on that. Many people considered this fork as another part of bitcoin. So there is always hope for bitcoincash, it could record ath f btc can doing well. but you btc fail to increase, then impact would be seen on bch too as if they are related to each others. although altcoins industry always followd bitcoin movement, as normal

Abiky

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Quote from: aces777 on December 09, 2021, 12:06:59 PM

There's so many hardforks that came after BCH that I just don't really see it as a longterm thing. It might still be around in a few years, used by some, but just not in the volume that is required. It might still pump every bullmarket, probably less so than Bitcoin, with temporary exceptions.

I don't believe CW is satoshi, but there's a lot of people that do, and BSV just got a much fiercer fanbase, it's probably going to overtake BCH at one point.

You've said it yourself. With so many forks, BCH will only lose its "substance" over time. It's already experiencing decreased interest/demand from traders and investors alike. People nowadays are focused on NFTs and smart contract platforms, so the future of BCH looks bleak as a single-purpose blockchain network. Increasing the block size is not enough to attract the masses into it. The project needs a little "pizzazz" for it to rise towards new heights. Knowing that the hash wars of 2018 impacted BCH's mainstream adoption, it's probable the cryptocurrency will fade into oblivion in the not-so-distant future. I wouldn't worry about BCH since it's all about the original Bitcoin (BTC) these days. Just my opinion

Dump3er

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Quote from: CaVO32 on December 09, 2021, 06:04:47 PM

Quote from: Cryptock on December 09, 2021, 05:57:27 PM

Quote from: aces777 on December 09, 2021, 12:06:59 PM

There's so many hardforks that came after BCH that I just don't really see it as a longterm thing. It might still be around in a few years, used by some, but just not in the volume that is required. It might still pump every bullmarket, probably less so than Bitcoin, with temporary exceptions.

I don't believe CW is satoshi, but there's a lot of people that do, and BSV just got a much fiercer fanbase, it's probably going to overtake BCH at one point.

As you wrote, there were many forks which, like BCH, did not contribute anything new. These types of ideas are nothing long term, just a desire for a quick profit. It is possible that with some big bull run we will see BCH price pump. However, in my opinion, the prices of all forks will slowly go towards zero. (BSV also)

Hard to invest long-term on this type of coin because if you will look at it, there's really no reason why they should exist. We already have bitcoin and these forked coins are not needed anymore, for what? Additional confusion for newcomers? Because if you ask, what's the main purpose of this? I can't think of a very good one. I will store btc rather than these forked coins.

I would say it can't hurt to have Bitcoin Cash around. Not everyone likes it, that is true. But from the perspective of transaction fees you have to admit that Bitcoin Cash is way superior compared to Bitcoin. That is valid especially in times of high transaction volume.

CaVO32

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Quote from: Cryptock on December 09, 2021, 05:57:27 PM

Quote from: aces777 on December 09, 2021, 12:06:59 PM

There's so many hardforks that came after BCH that I just don't really see it as a longterm thing. It might still be around in a few years, used by some, but just not in the volume that is required. It might still pump every bullmarket, probably less so than Bitcoin, with temporary exceptions.

I don't believe CW is satoshi, but there's a lot of people that do, and BSV just got a much fiercer fanbase, it's probably going to overtake BCH at one point.

As you wrote, there were many forks which, like BCH, did not contribute anything new. These types of ideas are nothing long term, just a desire for a quick profit. It is possible that with some big bull run we will see BCH price pump. However, in my opinion, the prices of all forks will slowly go towards zero. (BSV also)

Hard to invest long-term on this type of coin because if you will look at it, there's really no reason why they should exist. We already have bitcoin and these forked coins are not needed anymore, for what? Additional confusion for newcomers? Because if you ask, what's the main purpose of this? I can't think of a very good one. I will store btc rather than these forked coins.

Cryptock

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Quote from: aces777 on December 09, 2021, 12:06:59 PM

There's so many hardforks that came after BCH that I just don't really see it as a longterm thing. It might still be around in a few years, used by some, but just not in the volume that is required. It might still pump every bullmarket, probably less so than Bitcoin, with temporary exceptions.

I don't believe CW is satoshi, but there's a lot of people that do, and BSV just got a much fiercer fanbase, it's probably going to overtake BCH at one point.

As you wrote, there were many forks which, like BCH, did not contribute anything new. These types of ideas are nothing long term, just a desire for a quick profit. It is possible that with some big bull run we will see BCH price pump. However, in my opinion, the prices of all forks will slowly go towards zero. (BSV also)

Dump3er

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Quote from: JeWay on December 09, 2021, 10:35:42 AM

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it all also depends on the market movement, guys, if there is still strong support for BitcoinCash and many investors are buying BitcoinCash, of course, BitcoinCash will continue to grow and the price will also be high until today the BitcoinCash price still reaches $467.36.

Now the price is even lower than that guys, so in general Bitcoincash still has to struggle to get investors interested in it so that it can have a better value or price than the previous one in the market, although not for the new ATH.

It's impossible for this token to get supporter and attention that they get before since the coin was split multiple times which means that there original miners and supporters is already decreased. Traders and investors is not an idiot anymore to invest on this kind of shit rather than Bitcoin itself. Roger Ver and Craig Wright is a well known clown on crypto so there token that they are representing is already performing base on there founders image.

Well, I have been using Bitcoin Cash for a couple of things just over the last week. I have to admit that the fees are really nice for now. Disadvantage is that it has the same transaction speed as Bitcoin and requires a couple of confirmations, which is annoying at times. Fee-wise it's pretty decent.

aces777

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There's so many hardforks that came after BCH that I just don't really see it as a longterm thing. It might still be around in a few years, used by some, but just not in the volume that is required. It might still pump every bullmarket, probably less so than Bitcoin, with temporary exceptions.

I don't believe CW is satoshi, but there's a lot of people that do, and BSV just got a much fiercer fanbase, it's probably going to overtake BCH at one point.

JeWay

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it all also depends on the market movement, guys, if there is still strong support for BitcoinCash and many investors are buying BitcoinCash, of course, BitcoinCash will continue to grow and the price will also be high until today the BitcoinCash price still reaches $467.36.

Now the price is even lower than that guys, so in general Bitcoincash still has to struggle to get investors interested in it so that it can have a better value or price than the previous one in the market, although not for the new ATH.

Semar Mesem

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At the beginning of the emergence of bitcoin cash there was a lot of debate, many people even thought it was just a shadow and an opportunity to scam, but the fact is that it can survive until now, I think with the advent of defi and NFT the light of BCH dimmed so many people left BCH, and I've been selling BCH a year ago then when the price was around $290.

Reatim

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Quote from: paramind22 on October 01, 2021, 11:42:56 AM

Do you think there is any hope for BitcoinCash? Is it still one of the major alts that will pump? Will it reach previous all time highs?

I'm starting to lose My hopes for BCH , i bought mine when the price from ATH drops to 2k usd hoping that this is the dip, but I'm wrong instead the value continues to fall and now even harder to make it to 500$ again.

if this continues to happen till next year i think i will give it up and try my luck to other coins.

But of course still with a little hope that the price will make it this year to climb before December ends .

Abiky

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Quote from: otreza on December 08, 2021, 11:33:36 AM

Why do you need a Bitcoin fork (BCH)? Does it have smart contracts? - No. Does he plan to make them? No. Explain to me why buy it and how to use it?

BCH has smart contracts though a sidechain called "SmartBCH". But the cryptocurrency is still a Bitcoin fork, so there's not much to it. Things would've been different if Bitcoin Cash made its own brand. It only went up for a short period of time because of the hype. Now that people are focused on "De-Fi" and NFTs, BCH's demand has been declining at a slow pace. It used to be the fourth largest cryptocurrency by market cap, but smart contract platforms took its place.

How far will BCH go will greatly depend on its development progress. Real use cases are a must for the project to succeed. I'd focus more on the original Bitcoin (BTC) since it's the main mover of the market. Just my thoughts Grin

paramind22

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It's the best coin I think to use with old ASIC miners that were made for the SHA256 algorithim, which is the one Bitcoin uses. You can mine with them for BCH and actually get something, but mostly you use them in colder weather to heat the house.

otreza

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Why do you need a Bitcoin fork (BCH)? Does it have smart contracts? - No. Does he plan to make them? No. Explain to me why buy it and how to use it?

arditiyan

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Quote from: paramind22 on October 01, 2021, 11:42:56 AM

Do you think there is any hope for BitcoinCash? Is it still one of the major alts that will pump? Will it reach previous all time highs?

Bitcoin Cash is a fork of Bitcoin, one of the most popular cryptocurrencies on the market. Unlike Bitcoin, the blocks are significantly larger.
Overall, bitcoin cash is a strong cryptocurrency that is easy to buy and store, although there are some concerns about its structure. but has strong potential to pump

coinzzzpro

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Quote from: harizen on December 02, 2021, 06:04:14 PM

With the lots of new trends day-by-day, BCH needs a big hype in able to reach its previously All-Time High. For short-term trades, BCH is still far one of the good coins out there to be included on the list in terms of "trading purposes".

Any hope for Bitcoincash? In what way? Having a trading volume of US$2B, the dominance is clearly there in the market.

The old coin, will grow with the market, but no more than that, unless His Majesty the Manipulator wants it to. Experience shows that it rises quickly and falls quickly.

romero121

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There is no one to take it into the controversy. Earlier it was headed by leading investors on Bitcoin. Further there is none to support which is the important reason why there is no big push on Bitcoin cash. If I'm not wrong this need to be pushed, or else it'll loss its importance. As the market is full of NFTs and more potential projects, it is hard to move with positive phase within a short time period.

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