Topic: BITCOIN CASH is probably DYING (Read 2642 times)
It is difficult to say. The cap is too big to fail
From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest
Exactly, that's what I think happened. We can see way back that bitcoin price increased drastically a week before (and even after) the August 1 forking. People might have switched to investing in BTC, put their money on it before that BCH forking, and took the opportunity to get the free BCH equivalence of their BTC. In my opinion, they are after the earning from BCH, and didn't intend to support BCH afterall. And again, in the coming October 25 forking (the creation of Bitcoin Gold), expect that the price of BTC will rise up again. At this moment, its value is surprisingly increasing. And expect it to fall again some weeks after that forking. 
I still can't get mine from coinbase lol
Coinbase will only make BCH available for withdrawl in January 2018. BCH might be below $100 or the chain might be dead by that time.
Tomorrow, another big exchange Gemini will allow the withdrawl of BCH. The dumping will continue...
And by that time price might go under 100$, this is unpredictable. But everyone that I know already converted BCH into bitcoin and they done momentary cuz all say the same thing Bitcoin Cash is crap. Dont know why this was made in the first place at all.
I still can't get mine from coinbase lol
Coinbase will only make BCH available for withdrawl in January 2018. BCH might be below $100 or the chain might be dead by that time.
Tomorrow, another big exchange Gemini will allow the withdrawl of BCH. The dumping will continue...
It will die more faster now because of the next fork many were still holding it and thinking it would get pumped again but until that could happen another segwit is going to happen in 13 days meaning it's time for them to sell the free money and forget about it the price will fall more and may never increase because people will start trading with the new coin.
I still can't get mine from coinbase lol
bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.
that's why i didn't hold bitcoin cash from beginning. I sold it from the first time I don't believe in copy of bitcoin.and now we have bitcoin gold copy of bitcoin cash? another fake coins
Bitcoin Cash was a debacle in the making right from the start. A copy of bitcoin will end up doomed most probably. They must have known it right from the start. And now that Bitcoin Gold is ready to get out into the open, Bitcoin Cash will suffer some more because this means there will be another copy of bitcoin. All these copies will compete with each other and end up in the garbage bin.
Bitcoin Cash was, from the moment it came out, dead on arrival.
8MB blocks are bound to render running a full node impossible. This has been known from the start and these events now don't help at all.
8MB blocks are bound to render running a full node impossible. This has been known from the start and these events now don't help at all.
Bitcoin cash was not dead on arrival, it even had chance to reach over $1000 which is profitable for Bcash holders including myself.
Bcash seems dying in September, after second resurrection to $900, but then get dumped until today. People may not interested to bcash due to bitcoin nodes has implemented segwit which make bitcoin transaction better with low fees without have to increase block size limit.
Consider Bcash as new players in cryptocurrency market but has higher price than ethereum, it may still has probability to increase at certain point after bitcoin price fall down just in case it get corrected after reach new ATH, but I doubt bcash could reach over $1000 again.
I'm still thinking why anyone still cares about this coin. I knew that it was just a quick money grab for some investors. It was the new talk of the town after the split event but now it looks like its rotting to death.
Who cares, but those are need this shitcoin to dump and pump to earn the profit must try to buy the coin, I know that because too many person hype this shit token and will be adjusting the difficulty in the future and what a crap/
I'm still thinking why anyone still cares about this coin. I knew that it was just a quick money grab for some investors. It was the new talk of the town after the split event but now it looks like its rotting to death.
Well, we never not know when should it go but somehow sticking to BCH right now is that it isn't balance but somehow I read also that XAPO support this coin and some who hold it to their wallets allow to withdraw for the first time since the fork.
Bitcoin Cash seems to be in a death spiral. It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't. The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours. Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money. Sometimes you have ~50 blocks in one hour.
This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped. Coins that there is a lack of demand for. So the price is dropping. 50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.
Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core. The crazy thing is, this might effectively kill off Bitcoin Cash. First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork. This trend probably will continue.
Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.
Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info. It feels like BCH is on life support.
That's the reality of being the best and pioneering one. Bitcoin really is unstoppable. BCH price last August I think reaches more or less $800 but now goes down to $300 it decreases more than a half of it's original price and that is so scary to those who are holding such coin. My free BCH on my wallet was converted into ETH a week right after the segwit. Bitcoin still the best coin to hold and invest. I think BCH's community is not that strong to support it's now sick baby or maybe it is just another price manipulation by whales but I am not sure about that. If they created BCH a better coin, more advance than Bitcoin with ugrades and updates on it why does it's supporting community forsaken or abandon the said coin? I think they just realize that Bitcoin is way better than any other coin on the market. I don't even know why BCH needs to be created and it's purpose of existence. This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped. Coins that there is a lack of demand for. So the price is dropping. 50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.
Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core. The crazy thing is, this might effectively kill off Bitcoin Cash. First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork. This trend probably will continue.
Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.
Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info. It feels like BCH is on life support.
All cryptocurrencies go up and down in value. A dip doesn't mean it is dying. There are many people aware of the currency and it is cheaper than BitCoin, it is likely that people will keep trading it. A volatile coin is more profitable for traders.
Recent behaviour of BCH price looks like convulsions before the death indeed. I wonder if it will be alive in some months.
I think a potential for the end of the chain is certainly there. Even at $500-600 it struggled to get hashpower as miners abandoned it and then jumped back in for easy coins when the EDA kicked in. Now it's half that and there is more BCH dumping coming until at least January 2018. But if there is a fork and it has to compete with hash power with 2 much more profitable forks, there might be nobody mining it.
I think it's risky to think, oh now I'll get some cheap BCH. Roger Ver and Company have abandoned it and I'd at least wait for strong signals of the dumping to stop and an EDA fix so that miners don't have easy huge volumes of coins to mine and dump.
Recent behaviour of BCH price looks like convulsions before the death indeed. I wonder if it will be alive in some months.
Bitcoin Cash seems to be in a death spiral. It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't. The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours. Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money. Sometimes you have ~50 blocks in one hour.
This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped. Coins that there is a lack of demand for. So the price is dropping. 50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.
Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core. The crazy thing is, this might effectively kill off Bitcoin Cash. First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork. This trend probably will continue.
Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.
Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info. It feels like BCH is on life support.
That is a good thing, we are about to get two other forks bitcoin gold and segwit2x, how many bitcoin they want to create? This is getting ridiculous so if bitcoin cash is dying then that is good since that will mean that we will only get 2 altcoins based on bitcoin and not 3, also since bitcoin gold is very small I do not think it is going to last, the only real threat is segwti2x. This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped. Coins that there is a lack of demand for. So the price is dropping. 50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.
Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core. The crazy thing is, this might effectively kill off Bitcoin Cash. First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork. This trend probably will continue.
Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.
Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info. It feels like BCH is on life support.
Since it was just a back-up solution for Bitcoin, it will surely die, especially after Bitcoin Gold.
Bitcoin Crash in its full glory
Bitcoin Cash is a money from nowhere. Real bubble which will explode very soon.It's going to be a slow process. BCH being produced at high inflation rate with the miners taking advantage of EDA and jumping chains. More dump coming in the November fork. Coinbase users dump of BCH next year.
You might even see a slight bounce with users thinking they are getting cheap coin but they will get burnt.
Bitcoin Crash in its full glory
Bitcoin Cash is a money from nowhere. Real bubble which will explode very soon. 
From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest
I never think to hold BCH as my investment coin. BCH supporters don't come from the real community. They are big because they hijack bitcoin miners, developers and users. At the first laucnh, I think it is the biggest airdrop ever in bitcoin history. The community receive free coins and happy to trade, They don't want to keep their BCH in their wallet but they sell it to earn BTC. They now earn more BTC from airdrop. The next scenario is segwit2x, the bch holders will sell their BCH to BTC to earn BTC gold or whatever name and sell the new coin again to earn more BTC. The massive selling of BCH will drop the price of BCH in the exchanger, it will cause decreasing attraction to BCH miners because of low price, it means low profit.
All cryptocurrencies go up and down in value. A dip doesn't mean it is dying. There are many people aware of the currency and it is cheaper than BitCoin, it is likely that people will keep trading it. A volatile coin is more profitable for traders.
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