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Topic: Any hope for BitcoinCash? - page 4. (Read 696 times)

hero member
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October 20, 2021, 06:12:37 PM
#67
I have believed that the price of BCH is tied with bitcoin but, not this time.

Any hopes?
It will depend on the market adoption. It still gains some trust from others that it keeps this project alive but to talk about long-term, we don't know.
Those who trust it are maybe thinking of dumping it already. It seems that there's no growth from this project anymore and those who heavily believed and invested in it are feeling sorry. If not, they've sold at the heights during 2018 and have completely abandoned it.
hero member
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October 20, 2021, 05:34:45 PM
#66
Any hopes?
It will depend on the market adoption. It still gains some trust from others that it keeps this project alive but to talk about long-term, we don't know.

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?
Despite of the hate, bitcoincash is still a huge altcoin staying on the top positions but since there’s no major update yet from them, its price is still playing on a sideways without showing strong up trend. I still believe Bitcoincash can still make its nee ATH, and by that time Bitcoin hits the price of $100k already, so technically this will take more time.
To me bitcoin cash seems like a big paper tiger, it may seem impressive for the untrained eye but once you begin to see there is nothing there you quickly realize the coin has no other fate but to eventually disappear, the only question that we have is that we do not know how long is it going to take for that to happen, but whenever that happens I will most likely not realize it as bitcoin cash is one of the coins that I try to ignore on purpose as it has been damaging the image of bitcoin among investors for a long time.
if that all people had known that, they may hate Bitcoin cash as well, but seem not all and so the reason why many were still investing and protecting this project. But the question is do they become profitable? Maybe they have the reason why keeping this project but for me, it was not on my list. I'd rather invest in BNB and ETH than this coin.
hero member
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October 20, 2021, 04:40:35 PM
#65
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?
Despite of the hate, bitcoincash is still a huge altcoin staying on the top positions but since there’s no major update yet from them, its price is still playing on a sideways without showing strong up trend. I still believe Bitcoincash can still make its nee ATH, and by that time Bitcoin hits the price of $100k already, so technically this will take more time.
To me bitcoin cash seems like a big paper tiger, it may seem impressive for the untrained eye but once you begin to see there is nothing there you quickly realize the coin has no other fate but to eventually disappear, the only question that we have is that we do not know how long is it going to take for that to happen, but whenever that happens I will most likely not realize it as bitcoin cash is one of the coins that I try to ignore on purpose as it has been damaging the image of bitcoin among investors for a long time.
legendary
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October 19, 2021, 10:24:05 AM
#64
I have long considered that price changes in the market are influenced by several factors. The main factor is the usefulness and interest of the actors in the token or coin. Bitcoincash has many competitors. Then he should have innovation in the future (programs that can be offered).

Exactly. There are many competitors in the market striving to become the next big thing in crypto. Without innovation, I'm afraid Bitcoin Cash's price will stale. What makes you think people will choose a "Bitcoin clone" on top of other innovative blockchain networks?

Nowadays, it's all about "De-Fi" and NFTs so BCH will have a hard time reaching a new ATH. I don't know if there's hope for BCH considering that there are better projects with greater ambitions. Just because Bitcoin Cash carries the "Bitcoin" brand/name, doesn't mean it's going to be successful. The cryptocurrency only has a few simple tweaks for on-chain scalability. Other Bitcoin-based forks are faring worse (Bitcoin SV, Bitcoin Diamond, Bitcoin Gold, ...) so there's a possibility Bitcoin Cash will survive for quite some time. Just my thoughts Grin
full member
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October 17, 2021, 05:23:33 PM
#63
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?
Despite of the hate, bitcoincash is still a huge altcoin staying on the top positions but since there’s no major update yet from them, its price is still playing on a sideways without showing strong up trend. I still believe Bitcoincash can still make its nee ATH, and by that time Bitcoin hits the price of $100k already, so technically this will take more time.
full member
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October 17, 2021, 03:16:50 PM
#62
Is it still one of the major alts that will pump?  Will it reach previous all time highs?
In fact, I see that there is not much change for bitcoincash after the previous hardfords. While other platforms focus on scaling, their problems don't get much attention. At the same time, their development path is slowed down, indicating that the dominant level of development ability may be in conflict.

Even so, BCH is a big coin already in a trusted grayscale trust. Therefore, I think pumps on BCH are still possible. But I'm not sure it will be the new ATH.
full member
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October 17, 2021, 02:43:41 PM
#61
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 coin that has the same concept as Bitcoin. After being developed there have been no changes to date. I think Bitcoin Cash is Bitcoin in low price. In this year's bull run, people might suspect that Bitcoin Cash will not be pumped, even people think that Bitcoin Cash has escaped the eyes of investors. But after the Bitcoin pump stopped, as well as several other alts, it was Bitcoin Cash turn to be pumped.
hero member
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October 17, 2021, 10:52:04 AM
#60
I have long considered that price changes in the market are influenced by several factors. The main factor is the usefulness and interest of the actors in the token or coin. Bitcoincash has many competitors. Then he should have innovation in the future (programs that can be offered).
Those who do not have innovation will always be left behind because competition is always there every day in the cryptocurrency space so that innovation must always be seen by each developer in order to be able to compete with coins or products that are already stronger.
For new coins on the market, no innovation would be tantamount to a sign of dropping out of competition and once becoming redundant with comparable projects in the market, heir residences are just lowly places like scrap yards but this is not really true for BitcoinCash or large projects, their development level is almost complete in both technical and reputation. Their update steps are relatively more difficult than usual but based on the platform available, they will almost certainly outperform year after year as they represent complete and exceptionally powerful technologies
hero member
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October 17, 2021, 03:19:03 AM
#59
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?
It might be included on the list of pumped coins but never do we expect that it gains a higher price than before. It was just like BCH having its way to give up with the competition and the real Bitcoin will succeed. If you were still holding them, I suggest looking for another coin that is much more profitable and promising.



https://www.coindesk.com/price/bitcoin-cash/

May the project looks good for now but I'm worried if you lose more in the future if you keep holding them, selling was a good idea.
hero member
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October 17, 2021, 02:30:56 AM
#58
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?
If you are still holding bitcoincash right now then you are not going to be making any type of profit at all, it is not something that you could make very easily and it is something that you should be basically just selling as soon as you realize what you are holding and if you are not going to be doing that then you are not going to be making any profit from it neither, you are just going to be losing money.

I understand that not everyone can do that, some people are addicted to some stuff and they can't get out of it because that is how they are dealing with things, I have seen people who hold things that was 1 satoshi and still kept holding it because it is that type of person but you should get out as soon as you can if you ask me.
full member
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October 16, 2021, 07:54:04 AM
#57
I have long considered that price changes in the market are influenced by several factors. The main factor is the usefulness and interest of the actors in the token or coin. Bitcoincash has many competitors. Then he should have innovation in the future (programs that can be offered).
Those who do not have innovation will always be left behind because competition is always there every day in the cryptocurrency space so that innovation must always be seen by each developer in order to be able to compete with coins or products that are already stronger.
sr. member
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October 16, 2021, 04:39:59 AM
#56
Bitcoin and figure that one day it could supplant it, and something to that effect is never going to happen regardless of how much those individuals support this fork. Bitcoin cash acts equivalent to Bitcoin and moves the cost followed by Bitcoin. Since it is forked by Bitcoin they are the equivalent decentralized and utilizes or approved by blockchain.
hero member
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October 15, 2021, 05:03:38 PM
#55
Bitcoin Cash claiming to be the real Bitcoin caused a dilemma within the community. You can't beat what's already been established. Instead of focusing on beating the original project, Bitcoin Cash should've focused on being a better altcoin anyone can use worldwide. Development for BCH is still ongoing, but interest declined considerably after the "hash wars" of 2018. Bitcoin SV certainly damaged Bitcoin Cash's reputation in the mainstream world. And don't let me get started on Bitcoin Cash ABC (now known as eCash). If the BCH team doesn't do anything to bring people's confidence into it, then I'm afraid it'll slowly fade into oblivion until it becomes history. I wouldn't worry about this, since we already have Bitcoin. Just my thoughts Grin
They were never really interested in being "the real bitcoin" to be honest. It was created by miners who makes millions of dollars per day from mining and the way bitcoin is moving right now means miners will make a lot less profit, especially with the halving now they are actually making a lot less, thanks to price being so much higher they are making more in fiat, but they are making much less in bitcoin terms.

This is why they created BCH, hoping that many people would move to it and they would keep on making profit just like they used to, or at least they could make the difference from there to continue making a good return, which failed.
They were interested in becoming the real bitcoin, they were so interested they claimed their project was in fact the real bitcoin, what they were not interested in was to actually do the hard work needed to reach that goal, personally I love bitcoin but we also know that there could be a breakthrough and another genius like satoshi could appear and could create something better than bitcoin, it is unlikely but the possibility is always there, however the devs of bitcoin cash alienated the community with their claims and they tried to rely more on marketing that in development to prove their point
full member
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October 15, 2021, 03:05:51 PM
#54
I have long considered that price changes in the market are influenced by several factors. The main factor is the usefulness and interest of the actors in the token or coin. Bitcoincash has many competitors. Then he should have innovation in the future (programs that can be offered).
legendary
Activity: 3178
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October 15, 2021, 01:24:09 PM
#53
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 don't think that there is any potential.

In terms of previous all time highs, no. Do you really think that an irrelevant coin like BCH will be able to go back to 0.2 BTC which is now >$10k and give it a valuation that will be close to ADA and even ETH?

The BCH gang has lost a lot of steam in the recent bull run in general. Not a good bet because its whole identity is based off of being a bitcoin alternative, and bitcoin is working just fine right now.
BCH was basically what miners wanted and they got it and now we can see that it wasn't something that would work, it was always obvious that they would end up making a loss on that investment if they kept it in something else. I mean even reaching ATH is something that most other things can't reach, but only in fiat. BCH wasn't created so that it would be a good coin, nobody really assumed it to be a good thing, it was obvious that it would be a bad coin, it was something that was done because of hatred and revenge emotion.

In the end, Roger Ver and Jihanwu wanted to get a revenge out of all the people who didn't pay them a lot and they did it by creating BCH and then end up taking their money, or maybe they lost a ton of money from it as well, so everyone lost money from it, maybe it is something that basically ended up losing money to every single person who is involved.
legendary
Activity: 3192
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October 15, 2021, 12:16:17 PM
#52
They were never really interested in being "the real bitcoin" to be honest. It was created by miners who makes millions of dollars per day from mining and the way bitcoin is moving right now means miners will make a lot less profit, especially with the halving now they are actually making a lot less, thanks to price being so much higher they are making more in fiat, but they are making much less in bitcoin terms.

This is why they created BCH, hoping that many people would move to it and they would keep on making profit just like they used to, or at least they could make the difference from there to continue making a good return, which failed.

As they say, "money talks". As long as there's money to be made, nothing else matters. At least, that's how miners and developers think nowadays. Bitcoin Cash was mainly created as a means for profit, not a serious cryptocurrency project for day-to-day use. The experiment worked, as people who owned Bitcoin got "free money" after Bitcoin Cash was created. By that time, crypto wasn't as mainstream as it is right now.

Nowadays, there's fierce competition from many blockchain networks with smart contract functionalities. It's all about "De-Fi" and NFTs, leaving single-purpose blockchain networks in the dust (with the exception of Bitcoin). Bitcoin Cash is just clone of Bitcoin with a few simple tweaks. Increasing the block size to a higher value is not enough to bring the masses into the project. There needs to be innovation or people will lose interest into BCH until it slowly fades into oblivion. From all of the Bitcoin-based forks on the market, I think Bitcoin Cash will survive. But it won't reach that far in price if it doesn't provide innovation to the crypto/Blockchain space. I wouldn't worry about this as long as we have the original Bitcoin (BTC). Just my opinion Smiley
sr. member
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October 15, 2021, 05:41:36 AM
#51
Yeah, i know that right, but for sure the one that keeps rising is the one that have unique value in the market, the one that not usefull anymore in the market slowly would be forgotten.
What is not useful in the market is not only forgotten but will also be removed by any exchange in their list so that no one can be found again by anyone and only useful ones will stay in the market.
hero member
Activity: 812
Merit: 509
October 15, 2021, 05:22:56 AM
#50
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 don't think that there is any potential.

In terms of previous all time highs, no. Do you really think that an irrelevant coin like BCH will be able to go back to 0.2 BTC which is now >$10k and give it a valuation that will be close to ADA and even ETH?

The BCH gang has lost a lot of steam in the recent bull run in general. Not a good bet because its whole identity is based off of being a bitcoin alternative, and bitcoin is working just fine right now.
sr. member
Activity: 504
Merit: 250
October 14, 2021, 09:29:01 PM
#49
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 don't think there are.

The whole premise of bitcoin cash is to get people to defect from bitcoin and adopt that as an alternative to bitcoin.

That has failed miserably and the community clearly recognises BTC as bitcoin instead of BCH. No long term value here.
sr. member
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October 14, 2021, 11:51:18 AM
#48
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?
well it's too hard to tell if there's still a potential for bitcoin cash to reach the all time high value again. Because you know it's been 4 months actually since the growth rate fall at the current support wherein still no good improvement, just imagine $1634.8 is the ATH and now its playing around $590.. And the new resistance is $800 something like that since may until now and bitcoin cash struggle to break out on that value.. So for me in my personal opinion its very unpredictable..
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