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Topic: BCH threat to BTC? (Read 2788 times)

legendary
Activity: 1596
Merit: 1026
August 22, 2017, 06:32:36 AM
#92
BCH price may have spiked and on other hand BTC's price dropped but it doesn't mean that BCH is on its way to kill BTC. BCH is still very young

Bitcoin Cash = 11
Bitcoin Core = 65*


That is 17% - already (*Billion market cap)

That is impressive for such a 'young' coin.  It won't be long before the masses abandon SegWitShitCoin.  Those who leave early to exchange to BCH will maximize their profits.  Those who leave late will produce significant losses.  Mark my words.  

At least you should hedge if you are a total pussy.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
August 22, 2017, 06:03:29 AM
#91
Yes, it may be happening as we speak and over the next couple days. Bitcoin Cash could be Bitcoin very soon.
Nope, BCH price may have spiked and on other hand BTC's price dropped but it doesn't mean that BCH is on its way to kill BTC. BCH is still very young and no one knows how it turn out to be, all the more segwit is also incoming that could change few things I hope.

this is mainly market manipulation combined with great timing.

we all know that bitcoin price went up too fast, and we all were expecting a correction. like always the FUDsters use the short term movement only and the drop part. and then use it to pump something else at the same time. this time it was bitcoin cash. last time it was Dash an Ethereum and Ripple which were supposed to replace bitcoin by now!!!

as soon as people start looking at it as an opportunity to make profit, they will win. other wise they will sell at a panic (in a lower price) and they miss out when price recovers.
hero member
Activity: 1064
Merit: 529
August 22, 2017, 05:43:28 AM
#90
Yes, it may be happening as we speak and over the next couple days. Bitcoin Cash could be Bitcoin very soon.
Nope, BCH price may have spiked and on other hand BTC's price dropped but it doesn't mean that BCH is on its way to kill BTC. BCH is still very young and no one knows how it turn out to be, all the more segwit is also incoming that could change few things I hope.
newbie
Activity: 25
Merit: 0
August 22, 2017, 05:11:09 AM
#89
Indeed if I look at the data I've got, that at that time the BCH price is very high and it also has the possibility to become the strongest competitor btc. But for now it no longer gives any impact, because if I look from some sources and own analysis that BTC will still exist and become the best and profitable digital currency. But that's only for the next few years, because in the future I do not know for sure. But obviously we should be able to save some BCH, to anticipate something bad on btc
member
Activity: 93
Merit: 10
August 22, 2017, 04:59:19 AM
#88
I don't care who's the REAL bitcoin or who win in the end. I'm happy with my double earning rate with my Antminer now! Everyone is here to ride the PROFIT train. Don't worship BITCOIN like a religion. After all there's hundreds if not thousands of ALT out there! Profit WOOHOO~  Cheesy
legendary
Activity: 1596
Merit: 1026
August 22, 2017, 04:53:36 AM
#87


Currently Segwitcoin Price is Down and Bitcoin Ca$h Price is Up!!!

SegWitCoin is a big steaming pile of rubbish.  They only have one great skill - to brainwash the masses with very sophisticated censorship on their media platforms.  I've got to hand it to them, the takeover was very close to happening.  Anyway, the Satoshi White Paper Bitcoin is now looking very good as BCH prices and hash rate are pretty strong these days.
legendary
Activity: 1596
Merit: 1026
August 22, 2017, 04:51:32 AM
#86
Bitcoin Cash is never a threat to the real Bitcoin. Some believers of Bitcoin Cash have enumerated some features that make Bitcoin Cash a more improved Bitcoin but it seems the heart of most people are still into Bitcoin. And the crypto market confirms it.
Bitcoin Cash IS the real Bitcoin. 

Bitcoin Core is an altcoin with many crazy new technical features bound to extreme failure.  Just wait and see. 
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
August 22, 2017, 03:58:35 AM
#85
I don't think so bitcoin cash is a threat to bitcoin or bitcoin market, though it has potential to increase their price but still there is no replacement available for bitcoin yet. Because bitcoin getting stronger day by day as world known countries start supporting bitcoin.
I agree with you, even though it looks like there is a similarity in the name, it does not mean it's the same as the different goals that make bitcoin strong for now, and see bitcoin continues to go crazy day by day to show the world that the bitcoin potential is good to replace Rail currencies in each of their respective countries.
After today, Bitcoin Cash will have the longer chain and more hash rate.

It won't have the most cumulative proof of work. And for now, the BTC hash rate has only fallen to the level it was at 2 weeks ago. Blocks are being found every 10.2 minutes (a tad longer than usual). So no major changes yet. https://bitcoinwisdom.com/bitcoin/difficulty

It's true that things will get pretty interesting -- and fast -- if some real hash power starts defecting to BCH. And unfortunately, Bitmain probably has enough hash power to tip the scales in favor of BCH.
hero member
Activity: 574
Merit: 500
August 22, 2017, 03:36:11 AM
#84
Yes, it may be happening as we speak and over the next couple days. Bitcoin Cash could be Bitcoin very soon.
sr. member
Activity: 594
Merit: 253
August 22, 2017, 03:32:25 AM
#83
Bitcoin Cash is never a threat to the real Bitcoin. Some believers of Bitcoin Cash have enumerated some features that make Bitcoin Cash a more improved Bitcoin but it seems the heart of most people are still into Bitcoin. And the crypto market confirms it.
legendary
Activity: 3192
Merit: 1198
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August 22, 2017, 03:29:59 AM
#82
I don't think so bitcoin cash is a threat to bitcoin or bitcoin market, though it has potential to increase their price but still there is no replacement available for bitcoin yet. Because bitcoin getting stronger day by day as world known countries start supporting bitcoin.
I agree with you, even though it looks like there is a similarity in the name, it does not mean it's the same as the different goals that make bitcoin strong for now, and see bitcoin continues to go crazy day by day to show the world that the bitcoin potential is good to replace Rail currencies in each of their respective countries.
After today, Bitcoin Cash will have the longer chain and more hash rate.
The last two days was very interesting I thought everybody is dumping Bitcoincash now they are pumping again, all the other coins show red only Bitcoincash and other altcoin shows a good sign, it's going to be more interesting what's going to happen in the next 5 days, it's like a roller coaster.
legendary
Activity: 1596
Merit: 1026
August 22, 2017, 03:22:59 AM
#81
I don't think so bitcoin cash is a threat to bitcoin or bitcoin market, though it has potential to increase their price but still there is no replacement available for bitcoin yet. Because bitcoin getting stronger day by day as world known countries start supporting bitcoin.
I agree with you, even though it looks like there is a similarity in the name, it does not mean it's the same as the different goals that make bitcoin strong for now, and see bitcoin continues to go crazy day by day to show the world that the bitcoin potential is good to replace Rail currencies in each of their respective countries.
After today, Bitcoin Cash will have the longer chain and more hash rate.
hero member
Activity: 602
Merit: 500
August 21, 2017, 03:23:07 AM
#80
I don't think so bitcoin cash is a threat to bitcoin or bitcoin market, though it has potential to increase their price but still there is no replacement available for bitcoin yet. Because bitcoin getting stronger day by day as world known countries start supporting bitcoin.
I agree with you, even though it looks like there is a similarity in the name, it does not mean it's the same as the different goals that make bitcoin strong for now, and see bitcoin continues to go crazy day by day to show the world that the bitcoin potential is good to replace Rail currencies in each of their respective countries.
copper member
Activity: 1722
Merit: 1004
Campaign Management & Translation Service
August 21, 2017, 02:33:57 AM
#79
I don't think so bitcoin cash is a threat to bitcoin or bitcoin market, though it has potential to increase their price but still there is no replacement available for bitcoin yet. Because bitcoin getting stronger day by day as world known countries start supporting bitcoin.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
August 21, 2017, 01:32:15 AM
#78
For me it doesn't seems like a threat at all, Bitcoin still stay strong at the top and the price is still stable over 4000$, for BCH it's just another pump and dump playing, the price is not stable, the rising is fast and the dropping is fast, BCH is lack of investors support

Not a threat at all also in my opinion. BCC or BCH is just another altcoins  IMHO. Also, this november there is another fork being talked. Another Bitcoins split is on the pipeline. But still how many they split and replicate it, Bitcoin is still the original. LOL

Do you think ETH is a replica, and ETC is the real chain? Are all hard forks illegitimate? I don't like the idea of hard forks, because they pretty much guarantee a split of the network. That's why I'm worried about the November fork... there's a lot more support from BTC services and miners for that one. Even BCH is gaining traction. All of this may end up damaging Bitcoin's network effect, if we keep splitting networks. They may not be the "original" BTC, but what do newcomers to cryptocurrency and prospective investors see? It makes it look like BTC can continually be diluted to those who don't understand forks...
member
Activity: 112
Merit: 10
Swarm Token Sale begins on September 7th at 16:00
August 20, 2017, 08:04:09 PM
#77
After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??
I think the BCH price increase does not affect the demand and bitcoin prices.
When the BCH price goes up I do not see that the BTC price is falling.
Do you see when the price is 1 BCH = 0.4 BTC? BTC is still fine.
hero member
Activity: 850
Merit: 504
August 20, 2017, 07:53:17 PM
#76
For me it doesn't seems like a threat at all, Bitcoin still stay strong at the top and the price is still stable over 4000$, for BCH it's just another pump and dump playing, the price is not stable, the rising is fast and the dropping is fast, BCH is lack of investors support

Not a threat at all also in my opinion. BCC or BCH is just another altcoins  IMHO. Also, this november there is another fork being talked. Another Bitcoins split is on the pipeline. But still how many they split and replicate it, Bitcoin is still the original. LOL
legendary
Activity: 1666
Merit: 1001
August 20, 2017, 07:15:48 PM
#75
For me it doesn't seems like a threat at all, Bitcoin still stay strong at the top and the price is still stable over 4000$, for BCH it's just another pump and dump playing, the price is not stable, the rising is fast and the dropping is fast, BCH is lack of investors support
sr. member
Activity: 454
Merit: 251
August 20, 2017, 06:12:09 PM
#74
BCH has not much promotion, not much value, not much support in the community. They don't have as many exchanges, not many wallets to choose from, no merchants that accept it. When people think of BCH they see Bitcoin's little brother that's just waiting for the older one to die so it can take the crown.

I think the idea here for Bitmain was to test the waters and experiment with a Bitcoin hard fork. The old way with XT and Unlimited clearly wasn't going to work. So they tried an opt-in hard fork. This way, instead of trying to "force" the community to upgrade, they can try to show a gradual, organic adoption and/or overtaking of the legacy chain.

Right out of the gate, BCH has a lot of exchange support. Bitfinex and Poloniex are huge, and Coinbase will give their customers their BCH. Maybe they'll open markets for it in the future. Bitmain can also gradually point more and more hash power at it, making it look like miners are responding to market demand. As long as its profitable per the exchange rates, it will look plausible to the market, and the public might further buy into the narrative.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
August 20, 2017, 05:59:47 PM
#73
Why would miners want to compete with Bitmain in mining BCH when they know that Bitmain has the (significant) ASIC-Boost advantage?

Do we even have evidence yet that AsicBoost has been used in the wild? Last I heard, we didn't. More importantly, what matters is mining profitability regardless of Bitmain's hash power. If it's profitable to mine BCH, it's profitable. That's all that should matter to rational miners. Miners then have to compare the short term profitability of mining BCH vs. the long term profitability of mining BTC and the prospect of a network split that could damage the value of BTC.
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