Bitcoin Relation To Bitcoin Cash - page 2.

Dondont

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

Bitcoin cash is the result of a Bitcoin fork. There are also other things like that, similarities and differences I don't think are much different. People only care at the beginning of forking because usually it's quite profitable

misterj

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

From my point of view, bitcoin cash is just an alt coin with a lower return of investment. It is not the same as bitcoin but it has some similarities. Nonetheless, you should just focus on holding bitcoins for now and don't let them fool you to moving into alts.

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

bitcoin cash is a hard fork in bitcoin you can say its just another altcoin
you can use bitcoin in different platform while in bitcoin cash you only have limited option

sunsilk

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I guess OP is Bitcoin Cash supporter base on his first post, see his post history.

Take it from most answer that bitcoin cash is just another altcoin on the crypto market that copied bitcoin's code.

Quote from: yonargi on July 03, 2019, 12:35:36 AM

It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

How did you come up with this idea? bitcoin cash supporters will sell their bitcoin for this altcoin. But don't generalize that each bitcoin holder is dumb to do this.

I have no plan of selling my bitcoin for this altcoin.

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Bitcoin Cash is a fork created from Bitcoin, which is so because some people believed that BCH was a better version of bitcoin, yet consensus was reached and a lot of people stayed on BTC and only a few proceeded on BCH, hence the split of the two chains. There are a few differences of bitcoin and bitcoin cash, though primarily block size was the culprit on the split since BCH believed in big blocks, while BTC remained loyal to the 1MB block until SegWit was activated on August 2017.

Note: you do not receive double coins, you receive coins of BTC and BCH prior to the split in block #478559. Moving forward, the two are complete separate entities.

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It is absolutely not. Bitcoin cash aka bcash is a fork of bitcoin or better still it was cloned from bitcoin. I have never used the applications built on the coin due to this reasons. I will encourage you to avoid them too until they begin to identify themselves as separate from bitcoin

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

It's almost the same with one difference, it's block size is 8x higher than bitcoin core. On another hand it doesn't have as much support and acceptance as bitcoin has. One major difference is that behind bitcoin cash there are people who have very shameful propaganda against bitcoin, for example Ver Rojer. He owns bitcoin.com and lies people that bitcoin cash is the real bitcoin,it has better and more opportunities and etc. You see the place of bitcoin cash on coinmarketcap, it's forth, people trust ripple more than bitcoin cash and that makes rojer very anxious.

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Quote from: bL4nkcode on July 03, 2019, 07:24:39 AM

To add this, you can only get those BCH if and only if you control the private keys or recovery seed of that wallet. Though most of the exchanges supported the forked coin but there are some who didn't.

To further add Tongue

Before claiming any fork coin, make sure you move your Bitcoins to a freshly generated private key, then wait for a few confirmations so that you know your funds are safe and sound. Most clients of altcoins such as BCash and BSV are not even remotely close to safe compared to the main Bitcoin clients. Better safe than sorry.

Quote from: Indamuck on July 03, 2019, 11:55:38 AM

The smart move would be to invest in both coins. BCH is still performing very well and it is easier for lower marketcap coins to pump because of the lower economic mass. It is even more volatile than Bitcoin, it already did a 6x from the yearly low while bitcoin only did a 4x.

Investing in a scam coin such as BCash is smart? If you're out to book gains, go for an even lower cap altcoin, because by your logic it will pump even harder.

Indamuck

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The smart move would be to invest in both coins. BCH is still performing very well and it is easier for lower marketcap coins to pump because of the lower economic mass. It is even more volatile than Bitcoin, it already did a 6x from the yearly low while bitcoin only did a 4x.

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I think that BCH is not trying to capitalize on the Bitcoin brand. It’s trying to save the brand which is being destroyed by people who no longer believe in it. Bitcoin is peer-to-peer electronic cash offering fast, secure, and reliable global payment with low fees. At this point, support for BTC is a bet on a company, while supporting for CS is a bet on a decentralized protocol – the original blockchain crypto. Just saying that because I really like this project and believe in it

bL4nkcode

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Please carefully read all the replies above, actually, you're pertaining to the hard fork which was held on 2017 August.

Quote from: figmentofmyass on July 03, 2019, 01:12:51 AM

if you were holding bitcoins when the fork was launched in august 2017, you received an equal amount of bitcoin cash to the same addresses.

To add this, you can only get those BCH if and only if you control the private keys or recovery seed of that wallet. Though most of the exchanges supported the forked coin but there are some who didn't.

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Quote from: hatshepsut93 on July 03, 2019, 06:55:01 AM

Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

Bitcoin cash, also known as bcash, is a scam project of Roger Ver, who wants people to get confused that Bitcoin Cash is Bitcoin, and buy his shitcoin. He owns the site bitcoin.com, where he publishes deceptive articles that call bcash the real Bitcoin, and he also runs wallets that make people lose their money by sending coins to adresses of different blockchains. If you are a newbie, stay away from anything that has Bitcoin in its name, aside from the real Bitcoin (BTC), from the bitcoin.org site. Also stay away from @bitcoin on twitter, it's a scamming account.

Yup! I agree, And right now many newbies like OP don't really have any idea that Bitcoin Cash, Bitcoin Diamond, Bitcoin Gold, And the names go on and on that have included bitcoin in its name think that Bitcoin and many Altcoin like this is related, Well they are really related because Bitcoin is their father and the market that support their value is truly Bitcoin But all of them is just Altcoins that are just created because of the event called Bitcoin Fork,

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

Bitcoin cash, also known as bcash, is a scam project of Roger Ver, who wants people to get confused that Bitcoin Cash is Bitcoin, and buy his shitcoin. He owns the site bitcoin.com, where he publishes deceptive articles that call bcash the real Bitcoin, and he also runs wallets that make people lose their money by sending coins to adresses of different blockchains. If you are a newbie, stay away from anything that has Bitcoin in its name, aside from the real Bitcoin (BTC), from the bitcoin.org site. Also stay away from @bitcoin on twitter, it's a scamming account.

Red-Apple

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin?

bitcoin source code is open to anybody to see. it also has a license that lets you freely copy it without any obligations. bitcoin isn't owned by anybody either.
as a result in the past 10 years anyone who wanted has copied bitcoin and created their own altcoin. bitcoin cash is one of many of those altcoins.

Quote

It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

no it has never been the case.
the difference between BCash and other forks is that those who created this altcoin have enough money to advertise it. and that is exactly what they have been doing. they fool newcomers into buying their altcoin so that they can earn more money.

therhslv

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The only similarities is that the Bitcoin Cash did copy/paste / little edit of bitcoin code and told everyone that they are real bitcoin =D Bitcoin will always stay bitcoin and users ( We ) are the owners

Coins like Bitcoin Cash , Bitcoin SV or other copy/paste will sooner or later forgotten

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Do not believe all the crap you read on the Internet, because a lot of the BCash people wants to market BCash as the real Bitcoin and that is a bunch of crap. Yes, as previously mentioned, people who had Bitcoin prior to the fork, would have received the same amount of BCash in return after the fork, so those people were encouraged to extract those BCash coins to get those coins for FREE.

That would not have doubled your Bitcoin investment, because the BCash value is MUCH lower than the true Bitcoin. Wink

You pay a premium for quality and a low cheap price for trash Wink

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

You must be confused about the fork (you basically create a copy of the coin, and you can change whatever you want to change in the protocol) that happened. People were encouraged to move their BTC (Bitcoin) to a wallet they actually control, so they can claim an equal number of BCH (Bitcoin Cash) when the fork happens. This has already happened so there's nothing you can do anymore, but if you had any BTC in any wallet you own the private keys of prior to August 1, 2017, you may be able to claim an equal number of BCH.

The others have already highlighted that they're different, but it's worth noting that they have no affiliations with each other at all (one can die while the other lives, their prices and supply are completely independent, etc.). I personally believe your money is much safer with BTC.

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Quote from: figmentofmyass on July 03, 2019, 01:12:51 AM

it's definitely not the same as bitcoin, which is why it's worth so much less.

It worth mentioning that some of BCH supporters advertise it as "the real bitcoin", "better than bitcoin core" and so on.
But OP should learn that advertising is not necessarily the same as the reality and we can also help by telling that this is false advertising.
Indeed, BCH is not BTC, BCH is just an altcoin.

figmentofmyass

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

bitcoin cash is just an altcoin that copied bitcoin's ledger and UTXO set. if you were holding bitcoins when the fork was launched in august 2017, you received an equal amount of bitcoin cash to the same addresses.

it's definitely not the same as bitcoin, which is why it's worth so much less.

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Quote from: yonargi on July 03, 2019, 12:35:36 AM

Please clarify. Is Bitcoin Cash the same as regular Bitcoin? It seems to me that awhile ago Bitcoin owners were being encouraged to move their Bitcoin into Bitcoin Cash in order that they might receive twice as much return from it than if we left it in Bitcoin. Is that still the case?

You can find a series of discussion in this thread relating to bitcoin vs bitcoin cash https://bitcointalksearch.org/topic/bitcoin-vs-bitcoin-cash-2059675. Going through the same get you perfect understanding about what bitcoin and bitcoin cash is all about.

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