Bitcoin Cash, the next generation Bitcoin?

sorrysteve1

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Quote from: Carpool on January 02, 2018, 10:37:16 AM

I've done research on Bitcoin cash, and I also started to put some investments to it.

There are so many benefits of Bitcoin Cash that can easily win over Bitcoin. Those include very low fees, shorter transaction confirmation time, and etc. But however, BTC is more widely accepted than BCH in the real world.

What do you guys think? Would BCH eventually take over BTC? I feel like this can happen, but it would be definitely a long term investment.

I don't think this will ever happen, like many I am of the belief that bitcoin cash would face exactly the same issues as bitcoin if it was trying to process the same number of transactions. The only reason it is cheaper and quicker is because it is less popular.

Hades92

member

Activity: 238

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Bitcoin Cash is a more sophisticated upgrade than Bitcoin. So Bitcoin Cash has a better future and can make and give profit in trading Bitcoin Cash, like its predecessor Bitcoin. Bitcoin cash has good future prospects like its predecessor Bitcoin, but Bitcoin Cash has many advantages compared to Bitcoin from consistent price increases Transaction speed and Security and protection. so when it comes to possibility, it's possible !!!

Idrisu

sr. member

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I will advise that each should drive it own cause and not looking for one to push each other down. I have to be realistic with you that bitcoin core can never be over take by any other coin but will forever remain the number one cryptocurrencies in the whole world and remain as a gold standard to others coins. Bitcoin Cash on the other hand is going to do well because of those advantage listed by op and In short terms have a price push but traders don't have much confidence in it like bitcoin core.

greeklogos

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A lot of people were saying that Bitcoin Cash is a scam, but meanwhile wallets open a line for this coin and other bitcoin oriented places started to accept is as payment. It's not the scam, it is a real success. Today on local news I have heard that one rich bitcoin holder sold his BTC and bought BCC, I think that's the sign of a next pump of Bitcoin Cash.

desertx

jr. member

Activity: 124

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in my opinion BCH(BCC) can do in this month x2-3 and than go down again. I'm will hodl 1bch and wait this moment

qazgroup

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RiveMont

If the original btc succeeds in reducing transfer fee significantly i think it will retain its number one position otherwise i think it will be replaced by some better tech.

Ridwan Fauzi

full member

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It may happen, and it may not happen. The thing to remember is that in the world of cryptocurrency it has a decentralized system, which means the rise and fall of the coin depending on the user. If an investor or a bitcoin user moves to Bitcoin Cash it's possible that the BCH price will be high and replace Bitcoin.

And if the reason bitcoin to complete one transaction take a long time and have a high fee to confirm just one transaction, it's caused bitcoin users so much. So the miners will demand a high fee to confirm a transaction. Unlike the BCH that users or investors are still a little, so that the transaction will be easy to finish.

Albert211994

member

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Bitcoin was fast and cheap when it was starting as well. We will see in the future if BCH can be consistent in those aspects when it reaches large volumes of transactions.

Carpool

newbie

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Quote from: Tavarez on January 02, 2018, 10:58:45 AM

it won't take over bitcoin but still has nice chances to succeed. Coin is very volatile, smart crew behind the project. As you stated above: quicker transactions and reasonable fees. I would add it's volatility (can help those trading daily) to earn with ups and downs.

In my opinion, I don't see why people use BTC still. BCH has so many more benefits for everyone, but it's just that BCH isn't known to many people.

romec1701

full member

Activity: 157

Merit: 100

Bitcoin cash is basically bitcoin. anything it can do, bitcoin can do as well with a fairly simple change to the code.
It is simple a matter of consensus. If BCH really has stumbled across something then BTC would change to match it. But in reality it hasnt. Both are antiquated tech that cannot math the Transactions per sec of other coins such as Ripple and GBYTE. They are the future for currencies that you use to actually PAY for things with.

Tavarez

sr. member

Activity: 700

Merit: 252

it won't take over bitcoin but still has nice chances to succeed. Coin is very volatile, smart crew behind the project. As you stated above: quicker transactions and reasonable fees. I would add it's volatility (can help those trading daily) to earn with ups and downs.

Carpool

newbie

Activity: 9

Merit: 0

I've done research on Bitcoin cash, and I also started to put some investments to it.

There are so many benefits of Bitcoin Cash that can easily win over Bitcoin. Those include very low fees, shorter transaction confirmation time, and etc. But however, BTC is more widely accepted than BCH in the real world.

What do you guys think? Would BCH eventually take over BTC? I feel like this can happen, but it would be definitely a long term investment.

Topic: Bitcoin Cash, the next generation Bitcoin? (Read 117 times)