Topic: Bitcoin Cash fork and its effects on Bitcoin - page 2. (Read 1566 times)
The fork bitcoin coin is having another fork. How did we get here in the first place. Isn't there any law in bitcoin code that should have prevented this kind of un healthy rivalry from happening. I believe we should abandon bch and let bitcoin core shine!
I was never looking for BCH so please sorry for such a newbie question. Are there some exchanges official statements about supporting this fork?
wait. What? The cash fork happened august 1st.
what fork are you referencing? Did I miss something?
what fork are you referencing? Did I miss something?
Yeah i bet you did. The previous fork gave free bitcoin cash. The upcoming hard fork is supposed to be launched by tomorrow. However, the CEO has put a stop to it because they realized instead of helping bitcoin it may divide the supporters. Here comes the miners who are eager to have that 2mb change in block size that says it will push through with the fork. Now everyone is waiting for tomorrow to know if the fork will happen or not. So brace yourself.
So, 13th of November is the Bitcoin Cash fork date. Are we getting a new coin or is it like the ETH fork where you get nothing?
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
If bitcoin will do fork it keeps the bitcoin price up drastically but it does not happen then the bitcoin price goes down, now bitcoin cash will do the fork and make everyone crazy about it. I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
cash jumped powerfully but already went correction
Hard fork is a software that is upgraded and has a new rule to the network that isn't compatible with the older one.For example a rule that allows block size to be 8G instead of 4G it would require a hard fork.Hard fork is an expansion of a rules.Nodes that continue running the old version can see the new transaction rules as invalid,So,switch to continue on the new chain and continue mining valid blocks,all of the nodes in the network should upgrade to the new rule.
I think Bitcoin Cash madness is coming to an end, correction soon. Here's an article explaining Bitcoin Cash fork coming up in Nov 13th:
https://coincodex.com/article/1058/bitcoin-cash-fork-scheduled-for-november-13/
https://coincodex.com/article/1058/bitcoin-cash-fork-scheduled-for-november-13/
According to https://fork.lol/, Bcash is arounf ~60 more profitable than bitcoin. This is due to a multitude of factors bout will undoubtedly change after its network's upcoming fork. Jumping hashrate between the two will become harder to to the fork allowing the Bcash network to finally stabilize. Right now it's producing an average of around 40 blocks per hour due to its inability to adjust hashrate properly.
lots on this forum dont have basic idea of crypto.
That's unfortunate if you're only the lucky guy who knows what crypto is. Congratulations.
Bitcoin is affected by its first fork happened last August and people are very concerned what happens next so maybe you're the only one who knows what's next.
So, 13th of November is the Bitcoin Cash fork date. Are we getting a new coin or is it like the ETH fork where you get nothing?
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
Bitcoin Cash is Bitcoin's hard fork last August 17th this year so I think you got a wrong information regarding this but anyway but I just assume that today is Bitcoin Cash' pump day, LoL!
Nobody's predicted about Bitcoin Cash that's why people are simply mad with the event. South Korea doesn't made Bitcoin messy but they're just trying to see if Bitcoin Cash has a good future like Bitcoin.
wait. What? The cash fork happened august 1st.
what fork are you referencing? Did I miss something?
what fork are you referencing? Did I miss something?
Yes a soft fork happened and bitcoin cash existed. But, bitcoin cash is now forking itself. I mean there will be a fork inside bitcoin cash chain. It's really hard to predict the results of upcoming bitcoin cash fork.
Just a note...everyone already probably knows this
but the value of my BTC and BCH combined for both chains...is pretty much the same as my BTC was a week ago...
which is fine with me
my only concern is the split will cause the price to half...because btc and/or bch will no longer look like a secure store of value...in now there are two (or many more)
so anyway, if my premise is correct it will bleed those people holding long-term to other alts
could get messy
wait. What? The cash fork happened august 1st.
what fork are you referencing? Did I miss something?
what fork are you referencing? Did I miss something?
Yes a soft fork happened and bitcoin cash existed. But, bitcoin cash is now forking itself. I mean there will be a fork inside bitcoin cash chain. It's really hard to predict the results of upcoming bitcoin cash fork.
wait. What? The cash fork happened august 1st.
what fork are you referencing? Did I miss something?
what fork are you referencing? Did I miss something?
I feel you! The last time I check there will be two forks of Bitcoin. The first one happened and the second one was cancelled and I don't know the reason why
and then the forked Bitcoin Cash is now forking itself. I feel like being in the crypto world means we need to check every second to keep ourselves updated.
Didn't knew about BCH fork either so will a new coin split be created from it? well that explains the price spike on Bitcoin Cash hopefully price will stabilize for BTC and other alt-coins after the fork is over.
Bitcoin Cash fork Reasons to Lower Bitcoin's Prices Now the price of Bitcoin Cash in the Coin Market is very similar to 1989 US Dollar which is why Bitcoin's price is 5836 US Dollar.
What we have to understand is that a hard fork not always mean a fork between two different coins and creating coins at every fork, the fork really occurs when a new technology is implemented a new path is created or a fork when the old technology in this new adjustment either becomes a new something or simply dies with the old ledger since it has no support from the community, once there is an agreement inside the community which way is going to be followed. Apparently, that´s what is going to happen to the BCash, there were some tests to the proposed technology to be implemented and apparently a consensus. That is an expected and previously agreed upgrade.
Check here https://www.bitcoinabc.org/november
Check here https://www.bitcoinabc.org/november
The amazing bitcoin cash price $1300 3 days , i think a lots of people become richer , x3 investment and as soon as whale will dump , i think sell bitcoin cash is better while the price increase $1500
So, 13th of November is the Bitcoin Cash fork date. Are we getting a new coin or is it like the ETH fork where you get nothing?
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
I don't care about the free coin or anything, I mostly care about the bitcoin core. The increase of bitcoin cash is just temporal as we only need to have one coin that should be supported by the community. If there hard forks will never stop, the crypto market will be divided with different alt coins. What I'm sure of this is that everything will be back to normal and bitcoin will be back again at the peak.I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
I agree with you Sir. People panicking all over and worrying affects the bitcoin core. They should be supporting it more and more trying to shift to bcash.
I agree to your point that there should only be one coin. They are just alts. It will not last long. They are just like ETH. Bitcoin is still superior.
So, 13th of November is the Bitcoin Cash fork date. Are we getting a new coin or is it like the ETH fork where you get nothing?
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.
Interestingly, Jihan Wu said this earlier today on Twitter:
Quote
There is more and more threatening that BCH's hard fork upgrade will have spin-off(s) by some parties. It is said that they will creat[e] "BCH Classic". I think exchanges should be prepared and not losing spin-off coins. Your customers may want to sell it(them) to have more BCH.
He is trolling us masterfully, it seems. The narrative heading into the Segwit2x fork was, "buy BTC to get your free fork coins, which you can sell for more BTC." Now it seems that the narrative is being applied to Bcash.
The fork is happening in a day or two. I don't think that their community is big enough for a split to be significant. Then again, the market cap of BCH is so high now that exchange customers may be clamoring for "free money." It's a weird situation.
lots on this forum dont have basic idea of crypto.
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