Battle between bitcoin and bitcoin cash - page 2.

scottykarate

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Quote from: Ingoats on November 20, 2017, 04:19:58 AM

Quote from: Jombitt on November 17, 2017, 09:31:47 PM

Im not sure what is really going on right now between BCH and BTC. I just checked the value of this two just now in coinmarketcap.com, bitcoin is falling again to 7500$ and BCH once again is pumping from 1k to 1.3k$. Are they switching their bitcoin again to bitcoin cash? Are whales making money for it?

Obviously, bitcoin is winning. It is true that the moment that Bitcoin cash entered the market, it already reached the mainstream and have a epensive marjet value which negatively affected the price of Bitcoin. But at this moment, Bitcoin won, its market value is now and again increasing while the opposite thing happened to the value of Bitcoin cash since Bitcoin is best for long run.

The battle has been fought and lost by Ver and company. They're whales now, but once institutional money flows in, they're chump change like most of the rest of us.

Ingoats

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Quote from: Jombitt on November 17, 2017, 09:31:47 PM

Im not sure what is really going on right now between BCH and BTC. I just checked the value of this two just now in coinmarketcap.com, bitcoin is falling again to 7500$ and BCH once again is pumping from 1k to 1.3k$. Are they switching their bitcoin again to bitcoin cash? Are whales making money for it?

Obviously, bitcoin is winning. It is true that the moment that Bitcoin cash entered the market, it already reached the mainstream and have a epensive marjet value which negatively affected the price of Bitcoin. But at this moment, Bitcoin won, its market value is now and again increasing while the opposite thing happened to the value of Bitcoin cash since Bitcoin is best for long run.

markleal

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Quote from: Jombitt on November 17, 2017, 09:31:47 PM

Im not sure what is really going on right now between BCH and BTC. I just checked the value of this two just now in coinmarketcap.com, bitcoin is falling again to 7500$ and BCH once again is pumping from 1k to 1.3k$. Are they switching their bitcoin again to bitcoin cash? Are whales making money for it?

Hi there Jombitt! In my own observation and opinion, people are interested in BCH compare to BTC because the profit ratio of BCH can reach 78% compare to BTC. And an avid and skillful trader could use this situation to gain more money. Additionally, price swings of BCH are also much greater compare to BTC. But you could observe that there are multiple times where the price of each other is quite opposite compared to other altcoins. Currently, both BTC and BCH is in correction state but as you can see on the website it states that BTC still has the largest traded volume. Wink

jekjekman

sr. member

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Bitcoin Cash is the only one who battles Bitcoin though, Bitcoin will never battle Bitcoin Cash I think because it is only a copy cat that wants the place of the original.

Bitcoin's price is not a straight to the moon thing and so other cryptocurrencies out there so falling down a little bit is not an issue after all and $7,500 is still good and high value though compare to that Bitcoin Cash's $1,000+ that also reaches $2,300+ price last week then suddenly goes down with only less than an hour that is obviously a pump and dump, so which coin does whales making profit from?

ICOmonster

newbie

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i think bitcoin cash was made for a backup purpose for bitcoin when it collapse. I mean bitcoin has many flaws and i think in the future it will fall apart. Thats why bitcoin cash is made. It will be the replacement for bitcoin.

jseverson

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This is over. It was only really a battle for a few hours, and only because Bitcoin Cash got pumped artificially. The BCH actors were able to get Bitcoin to drop to sub $6000 because of all the FUD and the mempool spam, but that's really as close as they were able to get. BCH is still higher than when the pump began, but everything is back to normal for the most part.

Whales did make money. I'm sure Roger Ver and friends were able to make quite a lot from dumping their Bitcoin Cash after orchestrating the pump. This serves as a lesson never to trust them again.

owengtam09

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There is no doubt, bitcoin has a big potential compared to bitcoin cash. I believe that bitcoin cash will not take over the bitcoin. Bitcoin Cash needs a lot of time to do that or maybe it will never happen in the future. Lol. Bitcoin cash is good but bitcoin is better. If I will buy coin, I still choose bitcoin.

Halcyon Days

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The overtake attempt happened last week, when Bitcoin Cash price was pumped quite heavily, mining power went to Cash and some people even announced, that Cash is the true Bitcoin. Even the 24h volume was higher than BTC.
As you know, Bitcoin dropped to a little less than $6k, but recovered to $8k with a new all time high. Hence, it should be clear, that Bitcoin is the only and true Bitcoin and will be.

fiulpro

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I don't even think there is any battle between the two of them.. bitcoin cash will take years to reach where bitcoins presently is.. well you know..its extremely hard for people to stick to their own opinions so .. due to some random quotes by big personalities do send them in a sheep state^ in which they follow what the high authorities says... Well its not perfectly right.. have your own individuality and focus on the main bitcoins.
Well obviously its not true for everyone..just the newbies who are into the market and are quite vulnerable to get influenced by things like this but.. According to the recent price of bitcoins I think the answer is no.. bitcoin cash is not competing with bitcoins and People are..not switching too.

Razick

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Quote from: junoreactor on November 18, 2017, 05:04:08 AM

Many think that Roger Ver was behind what happened last two weeks, to make sure Bitcoin Cash would get strong (BTC transactions stuck for ages, move Hashpower so that Bitcoin Cash takes advantage of it).

Knowing that the guy must have saved loads of Bitcoin Cash at a very low price since the time he says Bitcoin is the best...

In short, you have a guy like him who can influence one currency at will, just like that.
Does it encourage you to invest in Bitcoin Cash?

Not saying Bitcoin Cash is dead... but I would personally not have high hopes.
Just my 2 cents.

Everyone doesn't just think Roger Ver was behind the Bitcoin Cash price rise, or pump - we all know it. Is it a bad thing for Bitcoin? Maybe, maybe not. At the end of the day the market decides what it wants... and BCH just crashed... so maybe that is a sign it isn't what the market wants. And Bitcoin is not crashing sooo, yeah it was just a pump and dump obviously.

junoreactor

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Many think that Roger Ver was behind what happened last two weeks, to make sure Bitcoin Cash would get strong (BTC transactions stuck for ages, move Hashpower so that Bitcoin Cash takes advantage of it).

Knowing that the guy must have saved loads of Bitcoin Cash at a very low price since the time he says Bitcoin is the best...

In short, you have a guy like him who can influence one currency at will, just like that.
Does it encourage you to invest in Bitcoin Cash?

Not saying Bitcoin Cash is dead... but I would personally not have high hopes.
Just my 2 cents.

BlindMayorBitcorn

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appleyard

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Quote from: Jombitt on November 17, 2017, 09:31:47 PM

Im not sure what is really going on right now between BCH and BTC. I just checked the value of this two just now in coinmarketcap.com, bitcoin is falling again to 7500$ and BCH once again is pumping from 1k to 1.3k$. Are they switching their bitcoin again to bitcoin cash? Are whales making money for it?

What? this is why im thinking to split my bitcoin and barely transfer some to bitcoin cash. and wait for another couple of weeks what will happen. i thought bitcoin will survive for the threat of bitcoin cash. is this the time to flip and transfer all my bitcoin to bitcoin cash this made me think.

Irvinn

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Yes, now the initial bitcoin has a rate of 7664 dollars, and bitcoin cash has risen to 1299 dollars. This can be called the usual price fluctuation inherent in the crypto currency, but it may also indicate the remaining problems of a similar bitcoin, namely its low transaction capacity and the absence of such a problem in bitcoin cash. In my opinion, there have already been some structural shifts in the direction of bitcoins in cash and they can only increase with time. I do not regard such a phenomenon as bad, on the contrary, in this scenario there will be a normal healthy competition between them and they will have to improve and improve, and not only to increase in price because of rush demand.

pooya87

legendary

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what fall?
normal fluctuations are not called fall. they just look big to you because you are looking at the numbers alone not the size of the change. what you are calling "fall" was about a 3% change and nobody bothers to make profit from 3% in bitcoin that can have >10-20% changes in a couple of days or while altcoins are around that can change 200-500% in a day.
also this is more like a double top. price tested the resistance twice now and now the support is being tested. soon we will see price break out of this channel and go above the line ($8000+)

Jombitt

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Im not sure what is really going on right now between BCH and BTC. I just checked the value of this two just now in coinmarketcap.com, bitcoin is falling again to 7500$ and BCH once again is pumping from 1k to 1.3k$. Are they switching their bitcoin again to bitcoin cash? Are whales making money for it?

Topic: Battle between bitcoin and bitcoin cash - page 2. (Read 752 times)