BITCOIN CASH is probably DYING - page 3.

European Central Bank

legendary

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Quote from: zypa on October 08, 2017, 03:35:19 PM

Are we safe to short it into oblivion then?

has it occurred to you that that's exactly what the deep pockets want you to do? they're boxing the market exactly where they want it to go.

i don't care what happens to it myself but much, much worse coins get ongoing attention from whales.

BarkingHawk

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Good, get that trash out here. We don't need it.

zypa

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Are we safe to short it into oblivion then?

Noxmfs

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After all it's just another fork. Who expected a turnover? BTC will always be top1.

okiefromokc

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Going out on a limb... Roll Eyes

Bitmain is the primary force behind Bitcoin Cash, and this is because their ASICBOOST technology that gives them a 30% cost savings on power usage. The ASICBOOST tech does not work with SegWit1 or 2 and their major advantage will be lost. This is all known and factual evidence presented.

But here is the twist on my limb, the Chinese government is looking to get a handle on the cryptocurrency rage occurring in China. The people of China love bitcoin as a store of value, etc. If bitcoin Cash can hang on thru these multiple HF's and demonstrate that BCH is viable and via the 8mb blocksize is centralized and thus controlled by the Bitmain ASICBOOST, then why not endorse BCH as the national China cryptocurrency. China is in to government control of the economy and money supply, with their own bitcoin cash that they can easily control, this would be a step into the crypto future for them.

Just some thoughts running thru my mind... Grin

okie

xIIImaL

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Quote from: faaty on October 08, 2017, 01:35:57 PM

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.

Even bitcoin God is the another copy from btc which gonna splitup on upcoming month. This hard fork may pull down the bitcoins value along with the top altcoins cost.
This time fork will pull down the both the btc and alts with huge impact we have to be careful before investing on any coin. BCH was increasing little some days that time itself I have stated in many threads to don't go for BCH investing.

faaty

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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.

olubams

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The way I see it, of something drastic is not done to revive the price of BCH, anyone who hasn't been able to claim his BCH or who held on to it would probably might no longer need it again because it will become so worthless and not worth the stress of claiming. With the upcoming fork, I see a massive movement to the new coin but the same fate awaits its too because BCH has created a fork which won't stop anytime soon.

3DBrushes

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Quote from: LodisMcguire on October 07, 2017, 12:08:38 PM

There will be another fork,and BCH will be fall soon,people don't have interest in it anymore
Bitcoin will still going strong,even if there is another alt created from bitcoin,people will dump it right away

Yes and that fork will also fail in the long run like Bitcoin cash. There are 2 upcoming forks I think. One is the unprofessional guys doing a fork called bitgold. I don't see any future in that, it's just a waste of time to follow that. It'll be dumped faster than Bitcoin cash.
I still don't know what would happen to s2x fork.

xFiber

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Quote from: Indrawan77 on October 04, 2017, 06:23:46 AM

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 don't think that initially was/is the case. I think the majority of people who actively check this forum and engage with the community dumped their bitcoin cash back in august. But think about all those coins that are held in cold storage. A lot of owners don't want to risk their coins just for increasing them by 10%. So I don't think a lot of people have dumped their bitcoin cash yet. But if they did, bitcoin cash would've been completely irrelevant by now.

European Central Bank

legendary

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whether the s2x fork happens or not is gonna decide bch's fate.

i'm far from convinced it will happen in which case alts will start heading on back up, especially this one.

we're not going to know until much closer to the time. until then it's all hands on deck, or rather jumping off it.

mmortal03

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Quote from: alyssa85 on October 04, 2017, 07:41:04 AM

The main reason the price is dropping is because Bitstamp and Xapo finally released the bitcoincash they owed their members from the August 1st fork.

And there's still the Coinbase and the Bitcoin Investment Trust (GBTC) BCH sell-offs to come.

mmortal03

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Quote from: fatlever on October 04, 2017, 06:12:35 AM

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.

+1

LodisMcguire

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There will be another fork,and BCH will be fall soon,people don't have interest in it anymore
Bitcoin will still going strong,even if there is another alt created from bitcoin,people will dump it right away

luffy7

member

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Its dead from the start. People are fooled by the fake mcap it got from Bitcoin

mkhadazz

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I don't think like that, and BCH not dying yet. BCH still profitable as a shortterm investment. Grab opportunities that exist inside, better than sitting confused.

futuret

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Quote from: Indrawan77 on October 04, 2017, 06:23:46 AM

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

yeah the main reason is the given as at the start it has suffered a lot from a lot of the rejections. The size of the block is the other issue it has no concern with this. If you want to increase your income from the bitcoin then you will have to keep your eyes open anything can happen anytime. The price keeps on changing and the market will keep on using it.

coinplus

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Quote from: alyssa85 on October 04, 2017, 07:41:04 AM

The main reason the price is dropping is because Bitstamp and Xapo finally released the bitcoincash they owed their members from the August 1st fork.

Unsurprisingly people are selling, and the combination of supply suddenly available and people dumping them forces the price down.

Not like I am surprised. What else would you have expected ? And it still balls down to the same thing, no one wants to hold a coin that they do not believe in and obviously the whole community don’t. Maybe we should just dump the whole coin and leave everything in the hands of Jihan and Roger.

The pumps will not help and at the end we will just keep having the same thing happening all over again. At least it gave me some huge profit and I will give them a credit for that. Grin

Jating

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Quote from: avp2306 on October 07, 2017, 02:21:21 AM

Quote from: Iyeman on October 07, 2017, 02:12:59 AM

Quote from: fedoralite on October 07, 2017, 02:04:42 AM

The BCH holder are surely preparing for the upcoming bitcoingold and this could split and make the bitcoin cash go down and we can already see that the volume of it goes down slowly and this maybe affected of the upcoming fork but let see how Bitcoin Cash supporters reacts unto this since we doesn't really know how this support goes.

Because no one doesn't want to get the free bucks just hold your bitcoin in the wallet or hold em all in the exchange site that gives your bitcoin gold in the future. many people are not wanna missing this chance.

The same scenario will be happen when bitcoin cash coming out and I'm sure that many people are preparing to have some balance to get the opportunity to received some bitcoin gold to their wallets and I don't want to miss the chance also since this is once and there's no second splitted airdrop will be happen again with bitcoin gold.

True. The same scenario will played out with Bitcoing Gold. There was a big hype when the incoming Bitcoin Cash was release. A lot of FUD, saying that it is the original "Bitcoin". So we don't want to miss it, and its a free coin. However, once we get this free coins, it will be dump to the market immediately and most of us will go back to Bitcoin once again. Its really a chance for all of us to get it for free and everybody loves free coins. But it will surely be forgotten like Bitcoin Cash because we favor Bitcoin instead.

fedoralite

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Quote from: Iyeman on October 07, 2017, 02:12:59 AM

Quote from: fedoralite on October 07, 2017, 02:04:42 AM

The BCH holder are surely preparing for the upcoming bitcoingold and this could split and make the bitcoin cash go down and we can already see that the volume of it goes down slowly and this maybe affected of the upcoming fork but let see how Bitcoin Cash supporters reacts unto this since we doesn't really know how this support goes.

Because no one doesn't want to get the free bucks just hold your bitcoin in the wallet or hold em all in the exchange site that gives your bitcoin gold in the future. many people are not wanna missing this chance.

Who doesn't want it? People love's free Grin

thats why you could see so many people following for the late Bitcoin Cash.

And many people will surely do the hold and it can affect the main bitcoin's to and expect that the price of it would go soar since many people would love to claim the Bitcoin Gold and I don't want to miss this chance really since for seeing the price of Bitcoin Cash landed on the exchange maybe Bitcoin Gold will be valuable also.

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