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Topic: Bitcoin Vs Bitcoin Cash - page 25. (Read 17235 times)

hero member
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August 10, 2017, 12:38:33 AM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin cash has less than 10% the market cap of bitcoin so there is no doubt in my mind that bitcoin has no competition at the moment but I will recognize that I thought that bitcoin cash will not last this long or to have this high of a price so it seems bitcoin cash is going to be here to stay for a lot longer than I thought.
legendary
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August 09, 2017, 05:45:57 PM
The price of bitcoin just surged past $3000 a few days after the split. Goes to show how strong the support for bitcoin is and I am almost sure that it is just going to get stronger. I don't have anything against bitcoin cash because it too has its own supporters, albeit not as many as bitcoin, but we will see how long they can continue to support it at the expense of lesser mining fees.

I'm more interested to see what kind of "split" might develop after the November hard fork. The Segwit2x camp is supported by big money: companies, miners, exchanges. But I also think that there is a significant contingent within the Bitcoin community that will oppose such a hard fork (and might oppose any hard fork, not matter what).

It's true that it seems silly to try to hard fork so soon after implementing Segwit. Why not give it some time to see how it alleviates network congestion? Why not see how the Lightning Network develops first?

Because part of the compromise to pass SegWit was a promise to implement a doubling of the block size within 3 months of the the SegWit activation. I believe this was to appease the large faction of people who believed that SegWit would not be enough, and even with SegWit2x in the plans, a large faction still believed it wouldn't allow proper scaling, and that's where the last hard fork came from. BCH is the group that split away hoping to provide their own answer to the scaling problem (8 mb blocks, no SegWit).
legendary
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August 09, 2017, 05:22:44 PM

It is not me disagreeing with your opinion

Because when I disagree, I just state that right away (and you know that), but in this very case you were evidently assuming that people could somehow effortlessly move their funds between the two coins or otherwise use them interchangeably ("you've got a clone with the capacity to handle the extra transactions") and choose the best coin to transact with as they see appropriate (as if the coins still remained essentially the one and same, just before the split). This is where you got confused. What extra transactions are you talking about? Obviously, this is impossible since after the split these are two entirely different coins. Your claim that Bitcoin Cash (allegedly) has some right or legitimacy to be called Bitcoin is completely irrelevant and inconsequential to the point (as you should understand). Other than that, I could just ask you why you don't humbly accept that you got confused? It is not so much about you being wrong or confused, or whatever as about you trying to stick to some clearly erroneous view or trying to come unscrewed by any means (that's what makes it so fun to comment on)

Well let's back up a step then. Because I think you've incorrectly assumed something about what I believe. I do not think that people can effortlessly move between one chain and the other. At the split though, anyone who had BTC now have the same amount of BCH, so the user base is essentially pre-installed in BCH. If BTC seizes up and becomes unstable or unusable, you don't have to move your bitcoins off that chain or convert them to BCH, you already have those coins (up to the split point, anything done with BTC after that isn't reflected on the BCH chain). BCH's threat to BTC is if the BTC blockchain can't handle future capacity and BCH reaches price parity with BTC, because then user aren't losing money by abandoning the unusable network (TO A POINT, this is not an absolute), you're incentivized to use the functioning network and because of price parity and the fact that your coins are waiting for you there (up to that split point), it lessens the switching costs as opposed to any other alt trying to supplant BTC as the dominant crypto.

Extra transactions? Do you expect we've already reached peak BTC transactions? Because if not, those are the extra transactions I'm talking about.  The future transactions above and beyond the current rates as BTC continues to grow. My opinion is (and this has to be the part you're disagreeing with, otherwise you don't have a point here) if BTC becomes unusable because it can't handle future capacity, BCH is a more likely alternative than any other current altcoin. I don't think BCH has a legitimate claim to BTC's legacy, but there are people who do, and ultimately that's a consensus thing. You can disagree with it, but if everyone else thinks so, your opinion doesn't matter. That's what I'm acknowledging as a possibility, and adding the opinion that BCH has more of a chance to claim that mantle than any other alt because of all the other reasons I listed above.

Do you see how pedantic arguing about confusion is? Because I could belabor the point about how confused you must be to not understand what an opinion is or how you're advocating your own opinion if I was equally as obsessed with sticking you with a label rather than having a conversation. You'd be a whole lot more interesting to discuss this with if you weren't so caught up in your own ego, but your superiority complex makes conversing with you a major chore sometimes. I am interested in having a more productive conversation that discusses ideas rather than getting caught up in strutting around on the boards in your own self-righteousness, if you've any interest in that. Bceause I can be convinced my opinion about BCH is wrong with a compelling, reasoned argument, but I can tell you with 100% certainty that basing your entire post in the premise that I'm confused or your disagreement isn't a disagreement is not compelling reading.
hero member
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August 09, 2017, 04:50:44 PM
I did not take Bitcoin Cash seriously, I looked at the price at first, I look again today, at the level of $ 306.10, according to my opinion it will go under $ 100, its usage is not very common, and it seems never to be.
legendary
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August 09, 2017, 04:27:33 PM
Well, I think bitcoin cash is not stable yet. Although the price is high, but I think it's only temporary. Well, of course bitcoin is better. Even etherium is still better than bitcoin cash in terms of usefulness.
There is two option I see for Bitcoin Cash:

- users will dump Bitcoin Cash and eventually, it will become dirt cheap,  and by dirt cheap, I mean like 0.01% of original bitocin
- Bitcoin Cash will become somewhat usable (I doubt it personally), or it gathers a certain amount of a 'fan base'(more likely)and  these people will keep the value of it on stable level

At first, due to all the demand for exchanges to support Bitcoin Cash, I expected the latter outcome. However, now it seems like hash rate is dwindling. The difficulty retarget algorithm isn't clear to me; it seems that it's still not profitable to mine, despite being more stable at this point. ViaBTC's hash rate (for BCC) is down to 26P, one third of what it was a day or two ago. Are there any other pools?

I guess soon we'll have a pretty clear idea just how much of the community was really behind the idea of big blocks and miner-controlled consensus rules. Bitcoin Cash might stay around, but it doesn't look like it has the brightest future at this point.

The difficulty has been greatly reduced on BCH in an attempt to make it more profitable to mine, but it's still not on par with BTC. The developers know this and it's a thing they actively track. Here's a graph of their attempt to reach profit parity. They've made strides to that end, but ultimately it's out of their control and will be determined by the market at large.

legendary
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August 09, 2017, 02:16:25 PM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin cash is altcoin many call that like others altcoin, bitcoin cash has a high price compared to other altcoin because it fork out of bitcoin so not strange for it, but bitcoin cash may not be able to compete bitcoin

Nope it won't and far from it. It already made a big decline from the time it was launched so it doesn't really come close to btc. Perhaps not even to bitcoin's closest alt runnerups like etherium. It's not even on a lot of exchanges' list of supported alts and othwr btc gambling platforms.

It will take time for a new coin to get listed on exchanges or be accepted by gambling platforms. You shouldn't judge bitcoin cash too quickly. Give it some take and wait for it to mature.
hero member
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August 09, 2017, 01:59:03 PM
Like several people have agreed, the only similarity I see for now is just the B present in both and the fact that one is an off shoot of the other. And even the most popular characteristics which is price, they are both walking in two extreme directions which makes them unrelated. Whether in the future, their path might aligned and we can then say they share some similarity but for now, I would wait on the future.
sr. member
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August 09, 2017, 11:43:04 AM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin cash is altcoin many call that like others altcoin, bitcoin cash has a high price compared to other altcoin because it fork out of bitcoin so not strange for it, but bitcoin cash may not be able to compete bitcoin

Nope it won't and far from it. It already made a big decline from the time it was launched so it doesn't really come close to btc. Perhaps not even to bitcoin's closest alt runnerups like etherium. It's not even on a lot of exchanges' list of supported alts and othwr btc gambling platforms.
sr. member
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Merit: 250
August 09, 2017, 10:29:58 AM
Most holders BCC are choose believe in one day the price of BCC can pumps.

I'm a BTC holder and im also thinking that this is more than just a hype. I don't have some coins to trade right now but I'm considering BCC as one of the alternative coin that is worth investing for because it is an improved version of bitcoin and who knows, maybe a year its price grow much more than the etherium. As some posts up here that are saying that there are a lot more going on that what we think and this is dangerous so we must have to consider all the possibilities of dumping or selling or holding or else we might be missing something very important right now.
sr. member
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August 09, 2017, 05:54:28 AM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin cash is altcoin many call that like others altcoin, bitcoin cash has a high price compared to other altcoin because it fork out of bitcoin so not strange for it, but bitcoin cash may not be able to compete bitcoin
sr. member
Activity: 532
Merit: 250
August 09, 2017, 05:50:03 AM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?


Nah, it will be just another alt coin in the crypto market. When the hype gone, bitcoin cash will be like a normal altcoin and hell no the bitcoin cash can have the same value as bitcoin. Bitcoin cash volume is same as bitcoin because of the fork, it's very hard for bitcoin cash to increase the value.
legendary
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August 09, 2017, 05:34:53 AM
How many time do we need to repeat Bitcoin Cash will never, ever be on the same level as Bitcoin.

There is no discussion. It is an altcoin which some miners started mining instead of Bitcoin so it gained some traction.

It is only 10% the price of Bitcoin... and it will only continue falling when people dump everything they have.

Discussion is  a good thing, we can see other opinions, so I personally open to any discussion and I know that I can be wrong too, no one can be always right. But I agree with you in general, Bitcoin Cash will never gain as much popularity as Bitcoin. 0.1 BTC is a very good price for BCH. Bitcoin Cash supporters can only hope it will like that in the future.
sr. member
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Merit: 280
August 09, 2017, 03:53:24 AM
Bitcoin is not really a bog dif.from cas maybe if theres a diff. It is only few because in terms of value they are almost the same.they are both usefull

What arenyou talking about? Aside from both being called bitcoin, nothing's the same between these two. Bcc's price was up only a few hours after it was launched. It's been on a decline ever since. Btc on the other hard is skyrocketing after that hardfork. Bcc is considered by most as another new altcoin that was only noticed because of the drama caused by the split.
I think he do not know about that two coin, correct after hardfork the value of Bitcoin cash was falling hard and many of users are very disappointed of what happening in that coin, and luckily that i decide to continue to received in bitcoin and now the value starts to climb up after the fork and it already gives me good profit. That is why i can say and proudly say that bitcoin is the best coin in crypto currency world.
hero member
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August 09, 2017, 03:26:22 AM
Bitcoin is not really a bog dif.from cas maybe if theres a diff. It is only few because in terms of value they are almost the same.they are both usefull

What arenyou talking about? Aside from both being called bitcoin, nothing's the same between these two. Bcc's price was up only a few hours after it was launched. It's been on a decline ever since. Btc on the other hard is skyrocketing after that hardfork. Bcc is considered by most as another new altcoin that was only noticed because of the drama caused by the split.
sr. member
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August 09, 2017, 03:17:39 AM
Bitcoin is not really a bog dif.from cas maybe if theres a diff. It is only few because in terms of value they are almost the same.they are both usefull
legendary
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diamond-handed zealot
August 09, 2017, 01:58:46 AM

Comparing of Bitcoin and Bitcoin cash is not fair, because on the first place BTC was the mother of all coins in cryto currency industry while BCC was newly launch as altcoins. If you compare the number of years fluctuation in the market, the gap was so far. Imagine BTC was fluctuate for 8 years while BCC is only 1 week, wheres the justice. Then now you was looking for good performance of BCC.

fair?

FAIR!!

The bigblockers spam our mempool.  They engineer mining attacks.  There is no fair.  There is only war.  Pick side and live with yourself.
hero member
Activity: 630
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August 09, 2017, 01:51:55 AM
How many time do we need to repeat Bitcoin Cash will never, ever be on the same level as Bitcoin.

There is no discussion. It is an altcoin which some miners started mining instead of Bitcoin so it gained some traction.

It is only 10% the price of Bitcoin... and it will only continue falling when people dump everything they have.
Comparing of Bitcoin and Bitcoin cash is not fair, because on the first place BTC was the mother of all coins in cryto currency industry while BCC was newly launch as altcoins. If you compare the number of years fluctuation in the market, the gap was so far. Imagine BTC was fluctuate for 8 years while BCC is only 1 week, wheres the justice. Then now you was looking for good performance of BCC.
member
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August 09, 2017, 01:02:01 AM
How many time do we need to repeat Bitcoin Cash will never, ever be on the same level as Bitcoin.

There is no discussion. It is an altcoin which some miners started mining instead of Bitcoin so it gained some traction.

It is only 10% the price of Bitcoin... and it will only continue falling when people dump everything they have.
hero member
Activity: 3052
Merit: 685
August 08, 2017, 09:23:06 PM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin cash could never become a bitcoin and it has been tried to create a clone of bitcoin.But there is no community support for it.Miners support is also very les for BCC.Bitcoin price is constantly increasing and so even few miners who supported BCC have started to mine BTC.So,BCC would soon lose its value and it would soon become an abandoned altcoin.
Exactly, people has already take profit on it and there is only a small support now, if you can see on it's movement it is slowly going down and even if it is still in the top I would not still gonna trust my money on it. I would rather put my money in different altcoins with different vision and mission than this clone one.
hero member
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August 08, 2017, 09:02:59 PM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin cash could never become a bitcoin and it has been tried to create a clone of bitcoin.But there is no community support for it.Miners support is also very les for BCC.Bitcoin price is constantly increasing and so even few miners who supported BCC have started to mine BTC.So,BCC would soon lose its value and it would soon become an abandoned altcoin.
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