Topic: Bitcoin Cash fork and its effects on Bitcoin (Read 1474 times)

any coin start with give users free coins is a coin with dark future like we see with BTG , 2x

Not very sure yet what is going on within the BCH community, but from what I can gather, the fork should be an upgrade which I do not think anyone so far is against.

So, this should not really bring about any new coin as it is only going to be fixing some problems. All the abobe, we should not be encouraging forks because of free coins but instead look forward to it as something that should benefit the ecosystem from the upgrades. Who cares about BCH anyway? We should look forward to making bitcoin core more usable.

This is not bitcoin fork into bitcoin cash that already happened. This is Bitcoin cash on its own forking as a result of an upgrade to fix some mining problem. So in one way, you did not miss anything and in the other way, you have only missed the news about the Bitcoin Cash upgrade (probably I would just call it that instead), since looking at the thread, most people see forks now as something that would give them free coins.

im not so sure about some of the comments.
Look at Bitcoin today its climbing back steadily
and will rise over $7000 by the end of the week.

Ok Bitcoin Cash seems to have stabilised for a
while at around $1200 but its not going to have
a long term affect on BTC IMO.

That's pretty much obvious, sometimes bitcoin need a competitors for a healthy cryptocurrency ecosystem and here it comes, BCH supported by millionaires who making fortune from bitcoin.
Both are trying to competes, BCH in the other hand, always spreading their so called "benefits" of using BCH compared BTC in order to bring majority of capitals which inside of bitcoin's market to BCH.
But, unfortunately, all those efforts seem to be unexpectedly failed, people choose to return their investment to BTC after the downfall of BCH's bubble in recent times ago.

This time Bitcoin Cash fork will not bring cryptocurrency fans any new coin. Suppose, these days BTC will slowly grow further, and Bitcoin Cash might decrease. People were buying this alt as they were probably indenting to get new coin for free. It won’t happen.

I can only guess and even foresee one thing: most of those guys who keep Bitcoin Cash on their wallets will not rest on November 13-14th. Now this altcoin has shown it growth, but will it cost over the maximum sum he reached on November, 12th?
However, we will not get the new coin. 

IMO this is a coin that will effect the cryptoworld for a short period of time. Some of us would like to see another Altcoin compete with Bitcoin but that's just high hopes on my behalf.
Whatever the case, the fact remains that Bitcoin is a coin to be reckoned with and will continue to prevail above all other coins for a long time coming.

So, its already November 14th and nothing on the news. What happened to the BCash fork thing?

'BCH Fork' sounds so silly, what are they gonna do more? Another pumping oppurtunity for traders, nothing more! After that we'll watch the biggest dump ever guys, keep away the newbies!

The only effect of Bitcoin Cash to Bitcoin is when a large scale crypto miners were leaving Bitcoin and mining Bitcoin Cash to pump up the value then suddenly there's a lot of investments into Bitcoin Cash as of last week but today Bitcoin Cash value is decreasing so even intentionally driven Bitcoin Cash value rising isn't enough just to credit miners for their sudden rise but also needs more efforts and marketing that proves Bitcoin Cash have a potential to compete Bitcoin's value despite of negative trust from the cryptocurrency enthusiasts.

The upcoming fork of Bitcoin Cash is a planned event and it is aimed at changing the existing rules in Bitcoin Cash network. The new coins, as well as the separation of the block into several separate chains are not foreseen.
This event only may not affect BTC, but the other factors have their influence.

YEP! Whales score! BTC Walk of Shame! (damn if this whole BCH thing did not work.....selling out at 2.4k was probably glorious on buys of 300 or less)

 it was a pump and dump to begin with.....they never expected BCH to take over the network..they simply used BCH to show how they
could mess up bitcoin BTC transaction speeds and back it up..to show the need for bigger blocks (in their view) and take advantage of segwit2x not going thru and bitcoin
classic going away

Hell , Jihan Wu (bitmain) has been accumulating BCH for awhile now...only taking BCH for his equip...these guys are the reason BTC has come shooting back in price..that and
other whales

THEY NEVER WERE GONNA RISK BLOWING UP THE CASH COW OF BITCOIN BTC.....

this was just a common pump and dump that whales commonly use on ALT coins...and by pushing the fork and big block size etc..the made the conditions to benifit from BTC proper
like an ALT pump

sorry to say, seems BTC got 'rolled in the hay' by her big 'suitors' slam/bam thank you ma'am ... don't let the door hit you on the ass on the walk of shame through the bitcoin frat....clothes in hand....

(live and learn ..even the great BTC can be pumped and dumped with enough whale action ..at an epic scale)

well played, well played indeed ji juan (bitmain: where evil never sleeps) (tm bitmain)







(hubba, hubba...BTC you wanton ...well you know...always full of surprises)

Well it looks like that people did not understood this when they massively bought Bitcoin Cash. They probably hoped to get some free coin, but it will not be the case in fact.

Charles Hayter, co-founder of crypto exchange service CryptoCompare, for example, noted that he believes consumers may be misled by the option to choose between two competing coins – and he wasn't alone.
"In the long term, these two variants will cause confusion with their similar naming which no doubt will cause some problems," he said. Because of issues like these, and others perhaps unforeseen, Van der Chijs said he expects the combined price of bitcoin and Bitcoin Cash to fall below $2,700, the average recent price of bitcoin as observed on the CoinDesk Bitcoin Price Index (BPI). Kevin Zhou, operator of crypto hedge fund Galois Capital, responded similarly, arguing that he believes the fork will be "lopsided" in how it allocates the underlying network effect between the two competing technologies.

lol....

so if BCH hard forks and you have NOT moved your BCH from your BTC wallet yet....you are out of luck?  I doubt a fork of BCH is gonna apply all the way back to
you not moved BCH from your original BTC wallet snapshot...

this paper profits game on forks is getting weird

I mean BTG is at $255 USD now....so hell, we are gonna have 4 dozen forked coins off of BTC/BCH/or whatever flavor of BTC by the end of the year..if any new forked alt
can launch at over $1 rather than at less than 1c with the traditional way to make ALTS...hell, even ICO's would not be worth the hassle and supposed gov't regulation
if this the case

it is gonna get fork stupid IMHO

I think you only get a free coin if the exchanges that has Bitcoin Cash support the fork but if not then I don't think you get anything out of the fork. I haven't read anything about the said fork so most likely no one is getting out of it.

There is a certain amount of fork confusion:
Maybe there is an up to date fork primer.
I am one of the lucky ones who mined a few bitcoin in 2015 and I'm trying to get up to speed on what's going on.

Bitcoin hard forked into Bitcoin (BTC) and Bitcoin (BCH) cash in August.
There was a proposal to hard fork BTC again in November called Segwit2x. That fork was controversial and cancelled for now. The apparent major problem is a lack of "replay protection"
https://cointelegraph.com/explained/all-you-need-to-know-about-this-whole-segwit-vs-segwit2x-thing-explained
This leaves underlying problems in the BTC model. These problems were what caused the original BCH fork.
https://cointelegraph.com/news/lightning-must-strike-soon-bitcoin-facing-backlogs-as-scalability-solution-awaited

BCH has problems of its own - so that is leading to the "November fork". This is apparently a hard fork.
https://www.bitcoinabc.org/november
https://www.cryptocoinsnews.com/bitcoin-abc-proposes-hard-fork-to-stabilize-bitcoin-cash-mining-difficulty/

I'm digging into this because I never bothered to collect my BCH coins. Looks like I want to do that now!!! 

There will be another major dumping in bitcoin and bitcoin cash will pump. Either way after the fork, i know that bitcoin will recover soon. Congrats to all the trader who gain profit because of this fork.

A win-win tactic is to attempt a coup in the market under the guise of attempting a pampa, which is done under the guise of a coup attempt. That is, it can very well be that the performance is not yet complete and in fact the attack on bitcoin continues. But in case it fails, everything will be exposed, as a large-scale pampas. On which, at the same time, the organizers will work well, first coming out at + 400%, and then going to the cue ball for 5000. It's also noteworthy that the organized Pump'n'Dump BCash began exactly on the Korean market on a day off when the Korean FSC Financial Services Commission - Commission for the Supervision of the Financial Sector of South Korea) simply does not work.