Topic: BCH threat to BTC? - page 2. (Read 2864 times)
Why would miners want to compete with Bitmain in mining BCH when they know that Bitmain has the (significant) ASIC-Boost advantage?
I think we can assume that bitcoin is not threatened by any coin. Alt coins are created in the hope to be a huge succes like bitcoin, but as proven, no coin has been a threat this far.
If there is any coin we should be looking at to put some pressure in the future is etherium imo.
If there is any coin we should be looking at to put some pressure in the future is etherium imo.
Then what is your position on hard forks? Hard forks are synonymous with altcoins, since both are incompatible forks of the original network. So if, in November, Segwit8x moves forward and a majority of hashpower follows that chain, will the market consider it to be an altcoin? Or will they call it "BTC"? I think the reason that the Segwit8x developers named their client "btc1" was exactly to address this situation. If it came down to a real network split they wanted exchanges to refer to Segwit8x as "btc1" and the legacy chain as "btc2"...not a bad advertisement right out of the box!
As for Ethereum, it's been said before. They serve very different purposes. ETH =/= digital gold, so I don't see ETH and BTC as competitors.
Still depends on the attractiveness of the community Do they prefer btc or bch, as well as selling power is very influential on each coin.
If we look at the current state it looks bad dot BCH. 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.
Very funny lol 
The only funny thing is paying 5%-20% Bitcoin fee when buying standard things like hosting. So you see, Bitcoin is not meant for this, thats why Bitcoin Cash would be much better. But it does not threat the Bitcoin speculative investment, which it already is (and it works!).
You can change the transaction fee amount, just sayin'. But you're right in speculation with merchants transitioning over to bch for transactions, the legacy confirmations are too long imho.
Do you believe that once a couple million users start flooding BCC chain with transactions it will remain cheap and fast? Bitcoin used to be like that 5 years ago, but times change. 5 years for a software is like 50 compared to aging of a man.
Obviously not, but btc is currently under load and can't keep up with what's going on now and that's not going to change. BCH does not have these problems currently, and in the event it does get flooded with heavy loads, it'll be a lot longer till that event due to it's larger block size.
At the moment the mempool looks like it is mostly filled up with spam and/or cheap asses (really low fee Txs) so its not actually very expensive to make a Tx, when there's a rush it does start to fill up though with valid Txs increasing the needed fees however by the looks of things segwit will be more than enough to empty the mempool and keep spam attacks/busy periods under control, at least for now.
The reality is neither solution is a good one to the scaling problem, both will alleviate the problem short term with blocksize increases being a slightly longer term solution that adds a fair bit of bloat to the blockchain and segwit being a shorter term solution that fixes several other flaws while being less disruptive. IMO they should deploy segwit and hold off on a hardfork to see if they can come up with a better solution or if ideas like sidechains workout OK, if the breathing room segwit affords runs out before a better solution presents itself then we can look at a blocksize increase but personally I dont see the need to rush it all out right now. I dont really see the value of BCH other than as a stop-gap solution or more likely a cash grab taking advantage of the current debates.
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??
Of course not. BCH/BCC is more on hyped to others here, Bitcoin is not more on hype but showing the real benefits usages and features to anyone. BCH is no difference to other altcoin who did more on hying only. Even its getting higher it will not change my mind to shift on bcc/ bch still I will remain in bitcoin of course. 
Very funny lol
The only funny thing is paying 5%-20% Bitcoin fee when buying standard things like hosting. So you see, Bitcoin is not meant for this, thats why Bitcoin Cash would be much better. But it does not threat the Bitcoin speculative investment, which it already is (and it works!).
You can change the transaction fee amount, just sayin'. But you're right in speculation with merchants transitioning over to bch for transactions, the legacy confirmations are too long imho.
Do you believe that once a couple million users start flooding BCC chain with transactions it will remain cheap and fast? Bitcoin used to be like that 5 years ago, but times change. 5 years for a software is like 50 compared to aging of a man.
Obviously not, but btc is currently under load and can't keep up with what's going on now and that's not going to change. BCH does not have these problems currently, and in the event it does get flooded with heavy loads, it'll be a lot longer till that event due to it's larger block size.
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??
Its not actually a threat and that kind of price increase is just really a normal thinking back in the past when bch do exist on the market its price rose up on 1k usd and suddenly crash back again on 200 usd which means there still hype and somehow a manipulation on its price which we cant really consider for this coin to be a thread on Bitcoin itself. Original would still remain as original.bcash is a threat because it uses the same miners as bitcoin with lower difficulty due to faster adjustments. its a threat because currently it is 125% more profitable to mine on bcash than btc. if miners jump ship for more profit btc blocks will slow and people will jump ship also.
bcash is VERY much a threat.
if bcash dont drop in value soon there will be dark days ahead for btc and crypto.
The fact that an AAPL stock is listed on the exchange is no threat for GOOGL per se. Both companies get their own investors and these are often the very same. Investing in both is like a hedge mechanism. Same with BTC and BCH.
Still depends on the attractiveness of the community Do they prefer btc or bch, as well as selling power is very influential on each coin.
So long everyone uses BTC for worth notifications there is nothing going on. I see this BCH just as a trading stock as others. In crypto world, alt coin BCH is an alt coin and nothing more. This are just traders speculating and bitmain mining it. I would avoid it for now and sell it when you can get a nice price for it. BTC = king still counts today.
The problem is that the Bitcoin Cash's network is not as congested as the bitcoin. So more people might use it.
So long everyone uses BTC for worth notifications there is nothing going on. I see this BCH just as a trading stock as others. In crypto world, alt coin BCH is an alt coin and nothing more. This are just traders speculating and bitmain mining it. I would avoid it for now and sell it when you can get a nice price for it. BTC = king still counts today.
I am not really worried about the future at this point. It's not about the transaction speed for Bitcoin. Bitcoin was first and everyone uses for deposits and everything as an entry way.
I am not really worried about the future at this point. It's not about the transaction speed for Bitcoin. Bitcoin was first and everyone uses for deposits and everything as an entry way.
I don't think it's a serious threat bit bitcoin as the number 1. It doesn't have to be for me, I'm not really bothered. It's free money, personally I just need to decide when to dump all of mine.
I don't think it's a serious threat to BTC, but I also thought it was insane to sell below < 0.1 BCH/BTC. That's where most people were selling, so they were bound to be wrong. I think it's all a question of what Bitmain does. They could decide to give the appearance of considerable miner support for BCH, and that could have a huge effect on the price. I'm sitting on my hands for the moment. I'll let this play out over the next few weeks before making any decisions.
I don't think it is ever going to be threat to bitcoin.
Bitcoin is just too big to fail. Bitcoin cash is just another alternative to bitcoin's worth. It won't damage but instead it will create options to choose.
Bitcoin is just too big to fail. Bitcoin cash is just another alternative to bitcoin's worth. It won't damage but instead it will create options to choose.
I don't think it's a serious threat bit bitcoin as the number 1. It doesn't have to be for me, I'm not really bothered. It's free money, personally I just need to decide when to dump all of mine.
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??
BCH has its own market and it is never a threat to BTC. BCH has its own market as an altcoin and of course since BCH is bitcoins clone its value could likely hit more than just 0.2 btc we can expect more increase on its value on the coming years. But hey just like Ethereum and Ethereum Classic , Ethereum was way ahead and so was BItcoin it will never be surpassed by BCH.
I think no
BCH can't be a threat for BTC it's does not mean because BCH Lately continue to rise in price it's make that coin become a threat for bitcoin and However bch remains a newly emerging coin in the public
BCH can't be a threat for BTC it's does not mean because BCH Lately continue to rise in price it's make that coin become a threat for bitcoin and However bch remains a newly emerging coin in the public
I do not think that BCH is a threat to BTC. First BCH is already an altcoin and BTC had been established as the main network. Aside from that BCH give demands to BTC, once it become successful, people will buy it through BTC thus it gives BTC more audience as BCH become popular. I think this two coin can exist harmoniously.
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??
For a common man, this increase in BCH price looks like an alien thing as everyone was predicting it to fall high time. But if we look at the facts, we shall come to know that since BCH was distributed free from the hardfork, this made most of people to sell their free Bitcoin cash and got BTC instead. This happen in the last few week and price was consistantly dropping because of this high selling. But then when those people emptied their BCH, the real miners and investors left and they start purchasing it to make its price rise again.
The contrarians who understand market sentiment and remember the ETH/ETC split knew better than to follow these predictions. When everyone expects one outcome (e.g. for BCH price to plummet and for the chain to die from lack of use and hash power), the opposite will likely happen.
I highly doubt that Bitcoin Cash is viable long term (compared to Bitcoin), but it's certainly just as viable as many altcoins. I could see it remaining in the top 10 if Bitmain is willing to keep sponsoring it. Now that it's more profitable than BTC to mine, it's not a bad deal, either...
I think bitcoin will still excel because bitcoin is more famous and much interested
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??
For a common man, this increase in BCH price looks like an alien thing as everyone was predicting it to fall high time. But if we look at the facts, we shall come to know that since BCH was distributed free from the hardfork, this made most of people to sell their free Bitcoin cash and got BTC instead. This happen in the last few week and price was consistantly dropping because of this high selling. But then when those people emptied their BCH, the real miners and investors left and they start purchasing it to make its price rise again.
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