BITCOIN CASH is probably DYING - page 4.

avp2306

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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.

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.

Iyeman

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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.

fedoralite

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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.

Herbert2020

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when a coin is created by the MINERs you can be sure that these miners will throw hashrate at it as they like and will keep it alive. and it is not dying at all. this altcoin has no usage, even the blocks are completely empty to a point that it looks deserted, but as i said the miners and also some big pockets are behind it and they are keeping it alive.
additionally, it is another altcoin with the name "bitcoin" in it and it is being traded. who doesn't like that?! a good pump and dump coin.
on top of it, with the SegWit2x drama, they are taking full advantage and i even expect a big pump out of it pretty soon.

Casdinyard

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Quote from: Mpamaegbu on October 06, 2017, 09:16:39 PM

Many holders never realized that BCH was a flash in the pan and all for the money so they still held on to it hoping it would overtake BTC, especially when it skyrocketed to over $800. Many now leak their wounds for still keeping that shitty coin.EDA was a wasted idea. It was obvious from day one that there was a orob with BCH hashing. I also see the same thing happening to the new coin that will be birthed from the November fork.

Yeah like I don't know why there are still some that holds their coins as this is a no good coin and this is not worth it to invest and hold.
Good thing as I got mine I easily dumped it as this imitation coin will be just an accessory in my wallet. Then the money I got was used to buy more promising coins.

leonair

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

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.

People are too smart nowadays and that is a good sign for all of us, we can't now be easily fooled by fake and copy cat identities even though there is some that still gullible in some other thins. Bitcoin Cash is not the original Bitcoin though and imitating the original one is a suicide for me because you just take the shortcut and replicate the whole essence of it with no originality except the name compare to the other coins that offers different platforms in some other way. Some people still support this because they still believe that they will earn from it if its succeed.

Onika84

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Making Smart Money Work

I don't understand technically how its work or related mining term. But as I know, Coinbase will send this coin on January 2018, right? I hope BCH still attracted and get pump after coinbase send it to all users who have BTC before August.

Let we see, a mother never hurt their child.

Mpamaegbu

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Once a man, twice a child!

Many holders never realized that BCH was a flash in the pan and all for the money so they still held on to it hoping it would overtake BTC, especially when it skyrocketed to over $800. Many now leak their wounds for still keeping that shitty coin.EDA was a wasted idea. It was obvious from day one that there was a orob with BCH hashing. I also see the same thing happening to the new coin that will be birthed from the November fork.

Shamie1002

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In my own observation, BCC is just like other altcoins. And why would probably other users invest in this kind of altcoins. Trust is very hard to gain and instead of gaining trust of users, they gained negative feedbacks beacuase of the price deflation. So before it was released its already dead or nearly dead. Few invested in the sense that they thought it will replace bitcoin which is impossible to happen because bitcoin is used in general. Bitcoin as the main commodity and basis of other altcoins.

Filmmmakerr

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Hello. Bye.

Quote from: layoutph on October 04, 2017, 04:58:02 PM

True, because it has no support from the community , no merchants are using it, then the price is dropping. Soon the price will be 100usd just a fraction of BTC. Wait for the Nov hardfork, new coin will appear from no where they called it Bitcoin gold.

Exactly, once bitcoin gold arrives people will see that these forks aren't real, no one is using them and no ICO's are accepting them. They have no real value.

Similificator

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From the very first rime i saw BITCOINCASH, i already had a prediction on what will happen to it. Because if you look at the reactions of most of the people in the cryoto world who got a hold of it, they sold their bitcoincash possessions as soon as possible. Only a few held on to their coins. It was clearly overrated. Have already told a friend about this but didn’t listen. Now he is seeing the way i do so he is now thinking of selling his BCH at hand and plan to keep a bit just in case. Which is what i did.

yugyug

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I see some coincidence here, the banning of bitcoin and IOCs in china was also the birth of BCH and NEO, both of these altcoins came from China, Bitmain the China and the world's largest mining pool and the largest mining hardwares manufacturing company are the number one supporters of BCH. If Mr. Jihan Wu, the CEO of Bitmain has the power to convince the Chinese government to really kick out the bitcoin in China and quickly jump in the BitcoinCash as their official cryptocurrency equivalent to bitcoin, as their infrastructures are quite identical to mine these coins, then BCH comes back to life.It may seems like a conspiracy but we don't know the real motive of China against Bitcoin, but one thing for sure BCH is the China's big thing.

DanWagner

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I think the problem with bitcoin cash is that most people don't care about it .

They just got some free money so they will sell it of.

sagarnyc

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Once major exchanges accept deposits, you will see a large amount of people sell their bitcoin cash that is currently being stored in paper and hardware wallets.

This being said, bitcoin cash probably will continue to rise in value over time, similar to ethereum classic after the ethereum fork.

I think it will be worth investing in long term but I wouldn't allocate more than you would for bitcoin. If you are investing in bitcoin cash, diversify and also invest in bitcoin!

Jovovich

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Quote from: Baofeng on October 04, 2017, 07:46:38 PM

Quote from: Oroplata on October 04, 2017, 05:23:54 PM

What will be the future for Bitcoin Cash after the Bitcoin Gold become officially accepted in the market this coming October 25 and November 1? I think the condition of Bitcoin Cash will become more critical.

I think that Bitcoin Cash price will really be affected once the November HF took place. So if I'm a holder of Bitcoin Cash, I will get out now and not wait till the price crashes. The future for them is really bleak as there are no support, if there is, its Bitmain only. So there's no doubt that in just a couple of months after the November HF, the price could be around $100. They will have the same price as Bitcoin Gold and will remain behind Bitcoin. And its gonna be difficult for them to even touch $1000. Both of them will die because of no support from the community.

So hard forks can just be seen as a short term investment huh? It was nice seeing bcc reach 800$ last month but i guess with features of BCC at 8mb, its becoming harder to mine it. Btc gold might come out different upon release so i guess its better to sell BCC before its price would go to its lowest state. It's hard to tell how much but surely less people will be in on it.

Baofeng

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Quote from: Oroplata on October 04, 2017, 05:23:54 PM

What will be the future for Bitcoin Cash after the Bitcoin Gold become officially accepted in the market this coming October 25 and November 1? I think the condition of Bitcoin Cash will become more critical.

I think that Bitcoin Cash price will really be affected once the November HF took place. So if I'm a holder of Bitcoin Cash, I will get out now and not wait till the price crashes. The future for them is really bleak as there are no support, if there is, its Bitmain only. So there's no doubt that in just a couple of months after the November HF, the price could be around $100. They will have the same price as Bitcoin Gold and will remain behind Bitcoin. And its gonna be difficult for them to even touch $1000. Both of them will die because of no support from the community.

Yaunfitda

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Quote from: xaxistech on October 04, 2017, 05:00:44 PM

I knew it from the beggining, that is why i dumped my bch just when i received them on my wallet, i sold them at $890/each, so i made a very good bussiness with my bch, i dont understand those people who still believe that the price will be higher than bitcoin, and i saw a lot of them saying that, i never understood if they were kidding or if they said it seriously, dont know yet.

BCH will never reached that status of bitcoin. Glad you dump it already at make a huge profit. Investors are wise not and will not be swayed by just advertisement. They want where the action is, and BCH can't guarantee that to them. So they stick to the reliable bitcoin market that we all love. There are still supporters of BCH though, but let's see how long they are going to hold on it. Its really hard to understood them when all the facts are being laid out to see that BCH is going nowhere.

peter0425

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Even before Aug 1 split, a lot of members have been predicting that bitcoin cash will not survived isn't it? And they said that they just want to get those "free coins" and will dump it ASAP. So I'm not surprise to see that BCH is slowly dying. And the miners that said that they will support it in the beginning eventually shift to bitcoin because there's no profit from mining it. And those who are still supporting it, either are trap and can't get out because they don't want to covered their losses and still clinging to the hope that it can still go up in the future or those price manipulators who are just bracing themselves to pump the coin once more and dump it to take their profit if everything falls into places.

muncuss

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There are not much support for Bcash, look how many miner mine bcash. with 2x ahead i believ some of its supporter are changing support to 2x.

aintnopassincraze

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Seems about right for a coin that was main objective was a greedy group of people breaking apart from an already profitable operation. That is what you get and I saw that coming so I instantly sold the small amount of

BCH or BCC I got. And now we have another fork incoming with Bitcoin Gold? I seriously do not understand how this stuff occurs so quickly and how these people are allowed to do this.

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