BITCOIN CASH is probably DYING - page 5.

asriloni

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Quote from: aoluain on October 04, 2017, 05:29:02 PM

I also liquidated my Bitcoin Cash a while back I didnt believe in it from the
start and made the decision to support Bitcoin.

It is just slowly sliding downwards.

But it's easy money isn't it? especially if you sell it at the peek of the price, you'll get some load of easy money without doing anything. Maybe it's dying or the price just manipulated by the whales of bitcoin cash, you know who is it. but, bitcoin cash already give the opportunity of earning free money.

Zocadas

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I will keep BCH at least until November. Dependent from success of Bitcoin upgrade and a next hardfork, BCH could jumpup again and get an important role.

ahmedjamal1998

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Well I was never a fan of Bitcoin Cash. I just don't want to start laying out straight out facts as it still has a lot of supporters and a community that can't be neglected.

I remember days before August when the forum was full of BCH lovers who started to spread that it's gonna replace bitcoin and it's what we truly need etc. etc. And I'm not gonna lie as a start seeing it reach more than $850 was crazy and it actually made me rethink the whole situation but still couldn't accept the 8mb solution.

Looking at the price changes for the past 24 hrs it's the only known coin that dropped that much ! A 10% decrease isn't anything small. But I can see that Zcash got down by 5% as well. So we just shouldn't run into assumptions.

It's either some are starting to lose hope and are selling or whales who invested in the $200 range decided it won't go anywhere better than $400 for them to sell.

aoluain

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I also liquidated my Bitcoin Cash a while back I didnt believe in it from the
start and made the decision to support Bitcoin.

It is just slowly sliding downwards.

cryptokangaroo

jr. member

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No, i beg to differ. It is immortal. I have a strong belief in this coin.

Oroplata

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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.

xaxistech

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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.

layoutph

sr. member

Activity: 1372

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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.

jakezyrus

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Quote from: Emoclaw on October 04, 2017, 06:15:07 AM

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.

lol yeah, and the fame of bitcoin cash is only 1 day since it was born and after that we dont have heard any news anymore on what is happend to bitcoincash now and most people including me are not using or investing it anymore , infact i sell all my bch the day it came out. for sure sooner or later this coin will become obsolete someday.

fatlever

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Quote from: Granxis on October 04, 2017, 07:52:42 AM

I think it's not meaningful to think so negatively, I did not see huge price drop. The future of bitcoin cash will be in a nicer place.

It's produced around a Block Per Minute the last hour. I think Satoshi intended a block like every 10 minutes. At a block per minute, that is a lot of coins for miners to dump. It's dropped almost $50 since I started this thread.

Approaching the hard fork quite a few BCH holders will want more of the BTC split and sell BCH. Plus, you have 2 bigger chains to compete with for hashpower. I know we have a lot of BCH Supporters shilling how BCH is the real BTC and it'll take over but I'd really consider what's happening before you lose more money.

I mean I don't have a crystal ball but the trend and what's happening do not favor holding BCH.

bitcub

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Yup, Bitcoin Cash is born to die early. Lols, If I can just margin sell this downto $100 I will hehe. Dont worry guys, another coin will arrive this year. The "Bitcoin Gold" another coin to dump hehe. After the hardfork, we will see a new variant of BTC from our wallets. I think this is not as good as Bitcoin Cash, but we can keep it and dump it once it goes up.

Andre_Goldman

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Property1of1OU

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.

I think Bitmain, as hardware manufacturer, is doing a good job (supply chain management, chip energy consumption research etc) doing some analogy[1] in my mind .. I think the problem is that the "free market economy" can become too much unpredictable (reasons for EDA!?) ... I'm not surprised that they like the "Chinese approach to management" ( socialist market economy, or as Germans says "Soziale Marktwirtschaft" ) ...

[1] Centralization Vs descentralization

KourtneyK

full member

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Bitcoin cash is most likely expected to die. Most traders that have been here for some time around say it is a coin not worth anything in the future. That's why most people dumped them right after they got them from the fork.

bassong

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Hopefully it falls flat on its face and sells below $10, anything under $50 will be a great price to buy in. I wonder if thie price will fall that low.

Granxis

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I think it's not meaningful to think so negatively, I did not see huge price drop. The future of bitcoin cash will be in a nicer place.

joebrook

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Quote from: Emoclaw on October 04, 2017, 06:15:07 AM

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.

Bitcoin Cash actually wasn't all that bad at all, it made some people even richer when their exchanges gave them the free bitcoin cash which they then proceeded to sell to gain money and later used to buy bitcoins. There is nothing as money appearing out of nowhere and that's how bitcoin cash was made.

European Central Bank

legendary

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it's gonna carry on going down for now but i don't believe it'll go anywhere. there's much, much more insulting coins that are doing well. it's prime pump fodder and pumpers won't give that up.

let's see what happens with the coinbase coins. that's gonna be a tidal wave.

bob123

legendary

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In my opinion Bitcoin Cash died the Moment it was Born..
8mb blocksize is just too high to have a full node running on a private small pc.
People just used Bitcoin Cash to trade them to get BTC.
BTC Cash might rise One more time.. but this timeframe should be used to dump the coin.

alyssa85

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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.

okae

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northern exposure

Quote from: AtheistAKASaneBrain on October 04, 2017, 07:18:04 AM

It was always clear to me that BCash would never get anywhere, but I was too lazy to dump it, so I hope it pumps one last time before the final death, because i don't want to make small gains off this. If they are going to attack us with hardforks, at least we can get good gains with it, so im hoping Roger Ver and Jihad Wu pump the shitcoin one last time then I will dump it hard.

Haha, you, like so many people apply the same strategic Wink

but don't worry i'm pretty sure that there will be some pump time to time, so people will have more opportunities to dump his coins faster than the speed of light xD, anyway and from my point of view this coin will have no future, looking on who are behind the scenes made me think that, R. Ver and J. Wu....who the hell still believe on those guys?

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