Topic: Bitcoin Cash what are your thoughts? (Read 1671 times)

As I've said before, it all depends on an specific person's perception about Bitcoin Cash more than anything else. Since crypto politics often prevail in the Blockchain space, Bitcoin supporters quickly misjudge Bitcoin Cash without doing their own research about the project. In my case, any project that's active in development and innovation with real use cases for the mainstream world, will be able to last for long. And Bitcoin Cash meets such criteria even if Bitcoin supporters don't agree with the path the project has taken for scalability. Any project will have its supporters or critics, as each person has its own perception about it.

With all the latest features implemented into Bitcoin Cash (CashShuffle for privacy, CashAddr for human-readable addresses, and the upcoming Avalanche consensus mechanism for increased performance), serious investors could find it as an attractive alternative to the main Bitcoin blockchain. Bitcoin Cash has done even better than Bitcoin SV by providing features that distances itself from Bitcoin (BTC). The latter (BSV) has only increased the block size to more than 1 GB. But it hasn't provided innovation in order to distance itself from the original project. Bitcoin Cash's SLP feature allows anyone to issue and manage tokens on the Blockchain just like it's done with Ethereum today. The only difference between token transactions on BCH vs ETH is faster confirmation times and cheaper fees on the former Blockchain network. BCH could gain an advantage to ETH in this regard.

Nonetheless, there's one thing about Bitcoin Cash which is often criticized. And that's the high level of centralization because of a higher block size capacity. As such, Bitcoin Cash will never be able to compete or even replace Bitcoin directly. It'll always be an alternative cryptocurrency that will gather the likes of people looking to sacrifice decentralization on top of convenience/ease of use. Depending on your needs, will be the type of cryptocurrency to use for mainstream payments. Whenever Bitcoin Cash or Bitcoin is a good investment, it's up to you to decide. As long as you do your own research instead of making decisions based on other's opinion, you'll be able to avoid many undesired losses in the long run. Remember to play safe, and you'll be able to survive in the wild and crazy world of crypto. Just my opinion

At first, I held the view that BCH is a shitcoin. However, that changed when in a training, it was discovered that BCH is just another BTC in the making. Check out the SLP projects being developed on the bitcoin cash protocol. There transfers are lightening speed and very cheap.

I don't think Bitcoin Cash will disappear anytime soon, considering that it has a proven track record of development and innovation over 3 years now. While the focus is on "De-Fi" right now, traditional cryptocurrencies are still in the spotlight. Since Bitcoin Cash is the most widely-successful Bitcoin spinoff, it'll be able to stand the test of time. The rest of the Bitcoin forks (like Bitcoin SV, Bitcoin Diamond, and Bitcoin Gold) will go down the drain faster than you could imagine.

Nonetheless, Bitcoin Cash has been active in development and innovation since it came into inception back in 2017. It's been slowly distancing itself from the original Bitcoin by adopting innovative features like CashShuffle, CashAddr, and Avalanche consensus (coming soon). While I'm not quite fond of a huge block size for scalability (as it increases centralization), BCH does a good job as digital cash for the world. For people who prefer convenience on top of decentralization/censorship resistance, Bitcoin Cash is the cryptocurrency of choice. No matter how far Bitcoin Cash gets in mainstream adoption, it'll never be able to overcome the original Bitcoin (BTC). That's largely because Bitcoin (BTC) is the original cryptocurrency which started it all. It may not be as scalable as Bitcoin Cash, but its level of security and reliability is beyond compare. Bitcoin can be used as a store of value, while Bitcoin Cash can be used as digital cash for cross-border payments at a fraction of the cost. For different purposes in life, will be the type of cryptocurrency to use for mainstream payments. I'd say that Bitcoin Cash will survive for many generations as long as it continues providing development and innovation, backed by a vibrant community promoting its adoption in the mainstream world. Just my thoughts

The exchange rate of BCH has fallen, but it is very much alive and thriving. Despite the entry of so many new cryptocurrencies, BCH continues to be in the top-5 list in Coinmarketcap. And we also need to remember that the BSV hard fork did a lot of damage to the BCH market cap. The community is also very lively and they have a few industrial heavyweights supporting them.

first time from bitcoin hard fork, don't really expect more for bitcoincash. I think the market is not that good, overrated and tend to turn their backs on bitcoin, as most of the memeber here says. still worthy of enlivening the cryptocurrency market, the community is also everywhere.

Bitcoin Cash is a great and stable cryptocurrency. The chart is very stable and only slightly shaking. Take a look at the chart and from month to month or from year to year.

In my opinion, Bitcoin Cash is perfect for long or short term investments

It simply dont exist long enough. If you want to predict what will happen with BCH in next few years you should look at Litecoin. Litecoin is a BCH competitor. Just one of them. There are plenty. Basically a Bitcoins protocol forks. All old coins with a community will do we in next few years.

It never experienced a big pump because bitcoin is in a bear market in the last 3 years. You are making a mistake by comparing BCH to BTC.

Of course, BCH has no power to drive the markets. Even ETH is limited in this regard. We don't know how BCH is going to response to a bull market yet.

In the last bull, all shitcoins went crazy. If we get to see a another BTC bull market, I expect the same thing again. My reasoning is, it is way harder to move bitcoin upwards or downwards because it is already a lot bigger than the rest but when the serious new money enters the space, those shitcoin without any mass will just fly to the moon. Even the most shittiest ones. The shittier it is, the better.

When the bull arrives, the shittiest of the shit coins will bring the most enormous profits, that's if you can get out in time before the collapse.   Not many can achieve this because we are all greedy mfers and it can always go higher and then... bam. Back to zero.

Now, I cannot agree with this.

First of all, if you count the rise from 200 to 20 thousand USD and back to 3 thousand it took a cycle of 4 years to happen, while BCH needed only 1 year (december 2017- december 2018) to drop from 3100 to 80 USD.
It never experienced a large pump just started high due to high expectations and a lot of advertising and kept going down ever since. It shows you how weak and worthless the coin is.

In another thread there's a compilation of losses each top 20 coin has experienced since ATH till now. BTC is one of the top losers with 95% lost value which is worse than XRP with its 93%.

Don't think this coin is in play for now

The market focus more DEFI/Yield Farming now instead of forks/tech coins
I think Bitcoin cash will eventually phased off overtime

In my opinion BCH is a good coin that has a potentially good for long-term investment, but all of this cannot be separated from the influence of the up and down of Bitcoin prices, because at the price of Bitcoin down BCH will also drop significantly

That's certainly true, mate. The major difference between Bitcoin and Bitcoin Cash is their handling of the Blockchain's scalability. Bitcoin has taken the "off-chain" approach by relying on a second layer for scalability (dubbed The Lightning Network) instead of raising the block size. But Bitcoin Cash has avoided creating a separate solution for scalability by simply raising the block size to a higher value. Whenever BCH or BTC have taken the right path for scalability, it's yet to be determined in the future. You should do your own research instead of making your decisions based on other's opinion. Both cryptocurrencies (Bitcoin and Bitcoin Cash) have their own critics and supporters that will drive you to choosing one coin from the other. As long as both cryptocurrencies are active in development and innovation, they'll survive for a long time.

While Bitcoin Cash is no more different than Bitcoin (except for the higher block size), it's certainly the most successful Bitcoin-based fork to date. The Bitcoin "spinoff" has been active in development since it came into inception back in 2017. Bitcoin Cash now enjoys of a whopping 32 MB block size for scalability, a new address format (CashAddr), and optional privacy features (CashShuffle). The team is considering to adopt Avalanche consensus algorithm to complement PoW and make the Blockchain extremely efficient in the long run. As BCH provides concrete results compared to most other Bitcoin-based forks, it turn out to be a good long term investment. But ultimately, the decision will lie in yourself. We may end up in a world where Bitcoin and Bitcoin Cash grow alongside each other for the foreseeable future. At least, this keeps the ecosystem alive as competition benefits the growth of the industry. No matter how far BCH goes, Bitcoin will always be the winner because of its first-mover advantage on the market. Just my thoughts

Crypto experts (at least, the major part of them) insist on investing in other altcoins. The place Ethereum on the top, and then, NEO, Stellar, TRON, and Ripple are going. Professional traders do not believe in a great Bitcoin Cash growth in the nearest 4-8 months.

I don’t say bitcoin is a shitcoin. BUT bitcoin cash is so risky. I think it is better to invest on any project or any crypto, which have bitcoin in their e-wallet than invest in bitcoin cash.

There is no long term scaling solution to any crypto that operates on a blockchain. Lightning isn't one too.

The only reason BCH hasn't collapsed yet because nobody uses it. Even LTC has more on-chain activity than BCH.

I think that they have a much better solution to long term scaling than BTC due to the increased block size, and I would like to see it accepted in more marketplaces.

You have practically answered the question posed regarding the prospects for Bitcoin cash. It is just a bitcoin clone that will never be the original. In addition, Bitcoin Cash in the cryptocurrency market arouses the interest only of traders and trading speculators who make money using the opportunity that exists now. But as soon as Bitcoin cash starts to lose ground, everyone will turn away from it. and it seems to me that few people would like to invest in Bitcoin Cash on a long-term basis.

so in short you got turned off on bch ? just because of what others are saying ?

no thats not right way of thinking but you should go and push your support for the coin if you think that it has a potential based on what you see .

bch isnt alone but there are coins that are on top but people still talk negative with them , they can do this all the time on many coins . this makes them uncredible for thier feedbacks

The current buzz about the (highly) probable bitcoincash fork took some of my attention. I like most others who loves bitcoin had always considered bitcoincash a cheap copy. But while learning about the fork and the reasons for it, the development work in bitcoin cash and it's roadmap amused me. There are many things that are interesting and some of those works were being discussed for bitcoin network but are in verge of coming in action on bitcoincash.
The reason for the upcoming fork seems to be the decision of bitcoincash team to take a levy from miners to develop the network. The ones not happy with the levy thing are branching off. Both of those idea seems to be valid, one moving towards centralized development while another favoring bitcoin's approach to volunteer involvement.

According to the figures BCH is one of top ranked coin for a long time so on this basis I don't have much reasons to call it shitcoin but I have seen so far that mostly people have negative point of view about bch which is not a good sign for bch that's why I don't expect much with it.