Topic: Bitcoin Cash to the moon? [UPDATED: Lost money I feel stupid] (Read 3232 times)

Price is dropping because there are some people who still want to profit from their free BCH.
On the other hand, there are some people who believe the coin will hit triple digits (someday).
Still unpredictable, unless you have some fun money to play the swings, just grab a popcorn and watch the chart.

so any theories why volumes are so low and the price is so steady? i find it kinda weird. i would've thought wave after wave of new coins would be changing hands as more people figure it out.

I don't see how bitcoin cash can survive. I think a lot of people got tricked into buying BCH with blabla about big blocks. Be carefull with news source bitcoin.com because of biassed (pro bch) info.

Some big whales put a lot of money in BCH to make it rise first and now they are slowly selling their BCH so that the price will not drop to hard.
WIth the dropped price the mining for BCH becomes more uninteresting which makes BCH vulnerable for very slow block rates when difficulty is high.

Only by tricking the difficulty into low values (using some EDA bug) the miners are trying to get as much BCH they can get to make a quick buck. Generating more BCH and more push to lower BCH price.

Let's hope this BCH thing crashes asap.

we cant say anything before the actual btc fork on autumn.But it has to be rise day by day like other main altcoins/eth ltc )

Bcash is really just a pump and dump scam. It got zero real world applications. But it got a fair distribution and some crazy people are backing it. You will probably be able to sell back your bcashs higher later. But it might go down much lower before that happens.

We tried to tell you (or at least anyone worth listening to): Do not go into hardforks or you risk lossing all of your real BTC.

Now you are realizing that BCC is just a toy for miners to play with, look at how stupid the difficulty and hashrate looks on this thing:

http://fork.lol/

BCash takes a vacation ever 3 days, this thing is just not serious.

And now the segwit2x scammers will try to get people forking into 3 BTCs.

Too many sellers who got free coins.Very risky to buy this now.I think it may go down very far even below .06 btc before any recovering.

As many people are saying and it is shown in the buyings of some BTC for BCH, this looks like whales feeding BCH, thats why the increasing price, and fast. Around two days and 200$ up. It might be like any other pumping and dumping situation, or there are serious whales around, that want to make BCH the most valuable between bitcoins. Let's see how BCH moves in the market in this last days of the market.

Remember we have many altcoin can solve issue about cheap fee and fast transaction, why do not choose Ripple, Stellar, Digibyte are best altcoin about this function? For me, it just trap reason make Bitcoin Cash increasing.

There are other issues such as security,with all hashrate concentrated on an  miner not very convincing after all,but in spite of everything it is still too early to have another opinion.

just remember when the price is down, its always recover and increase soon at least the price will be back to the price before. right now, bch is down until 0.18 btc and i think its only correction before the price back normal again. make sure that if you want to buy, check the price and see the history trade in the market then make your buy price order and don't use instant buy because the price can be down or up in just a second.

We all want a cheap fee and fast transactions, and this is the reason Bitcoincash is gaining ground but we'll see in the next two months hopefully people still think that Bitcoincash is just another altcoin I reserve my opinion on this until all are settled.

You should not invest on it very fast you should have first think many times having the fact that its on pump that time and then when you see it dumping you shols should have not panic and sell even you know you would lose you must be patient and wait for it to atleast recover the price before. Trading is a risky activity you need to study it first before putting huge amount.

It isn't really a question of whether it's centralised of decentralised. Cryptos gain their value from monetary function.

If you look back at how money "forked" in the last 2000 years you can see how this all plays out because the same two monetary priorities manifest themselves: 1. store of value  and 2. liquidity

Gold nuggets have held their value to this day but were not too great for carrying around in your pocket. So, cash parallels such as metal coins gained value by virtue of adding portability as a property to certain lesser valued monetary media such as silver and nickel.

The projection of this legacy onto modern cryptocurrencies doesn't arrive at Bitcoin Cash but......Dash. Because all BCC does is fork Bitcoin into a dead end by upping the blocksize which is kind of like shrinking the size of the gold nugget so it fits in your pocket.

Dash on the other hand makes the proper leap to a 'cash' paradigm by addressing all aspects of the crypto monetary medium that pertain to portability without compromising its capacity to store value. In particular:

 • it addresses fungibility shortfalls by continuously recycling the coin supply without compromising blockchain transparency (which a true cash archetype does and BCC does not)

 • it addresses the security deficiency at the front end of the confirmation cycle so that 0-conf's are safe for merchants (which a true cash archetype does and BCC does not)

 • it supports the decentralised equivalant of an SLA (service level agreement) for aspects of network performance levels by guaranteeing minimum hardware platforms

 • it does not rely on external commercial interests (such as banks or venture capitalists) to support its development but structures the blockchain rewards such as to prioritise the monetary value of the token over the equity value of any particular stakeholder

 • it correctly recognises that off-chain scaling only leads to increased on-chain capacity demand and therefore addresses on-chain scaling as a priority (which BCC does not other than increasing the blocksize which is not a comprehensive solution)

It is not just another altcoin. What are you talking about? It is a chain fork, the first bitcoin fork, and this fork is about scalability, the most crucial and controversial topic in the camp for the last few years.

Please, let people who decide about such maneuvers, talk about their ownership rights, with their own signature, the only thing they have actually rights in.

I really agree with you, it seems they only want a big whale in their storm, if they get it, they will start a new game in the trade, because they start popping up in the market, they give you a high price. As it is now, maybe in the next few days or this week it will go down with the lowest price for this trade, so start thinking long to start this trade, because if you keep it for a long time you will incur big losses, in this trade in the future.

no one seems to be interested in talking about that. it's an inconvenient little fact.

it's almost certainly the most centralised coin in the top 20 or more likely 500 on coinmarketcap.

i'm kinda disgusted with the crypto scene right now.

Do people have any idea of how centralized this thing is? I mean, if it becomes the number one it's over.

Well you only lose when you sell,why don't you just wait and hold it
Experienced trader will never sell if the coin still have hope in the future

Was just looking to get some more BTC, I only have a Bitcoin wallet at Blockchain.info.
Sad thing Blockchain.info is the only true cryptocurrency wallet.
All others are scam/centralized as far as online wallets go.

Other good wallets are Electrum and stuff but I can't do that on my tablet

So Bitcoin is the only currency I'm trying to get now