Topic: Bitcoin vs Bitcoin Cash - page 49. (Read 31835 times)

Anyone going into this with a foregone conclusion that forking the chain would create a new coin with enough widespread support to give it billions of dollars worth of market cap is delusional. They didn't/couldn't have known that the fork would have held up as well as it has and that this long later, BCH wouldn't be dead in the water. It's not thriving, but it's not failing either. It's muddling along, right about where Bitcoin was price-wise before everything went insane. Everyone was pretty sure it was gonna fail, and it hasn't done that. I'm agnostic about the two of them, if there needs to be a crypto solution (and I'm not even convinced there needs to be), then I don't care which side blah blah blah; it just needs to work and work well. Both sides are holy righteous about themselves, which frankly is a bit annoying how much space on the internet is occupied by their flame wars.

It seems Ver has not sold his Bitcoins or made deals to exchange them for Bitcoin Cash.

As of today right now 1 Bitcoin is worth around $9200 and 1 Bitcoin Cash is worth around $1450

Why would Ver or any mouthpiece advocating Bitcoin Cash want to give someone 1 Bitcoin and take back 1 Bitcoin Cash (1:1 swap)?

More to the point around 1 Bitcoin = 6.6 Bitcoin Cash, none of these whales have the courage to practice what they preach. If they love Bitcoin Cash so much and despise Bitcoin so much they should sell all their Bitcoins and keep all their stock in Bitcoin Cash.

The fact Ver and his fellow whales who promoted Bitcoin Cash have not done that shows they are hedging their bets, wanting to hold on to both without actually believing fully in their Bitcoin Cash creation. It seems to many people that the whales wanted to control Bitcoin, they failed, so they threw their toys out of their prams and spat out their dummies and created Bitcoin Cash knowing they would have hundreds of millions of US$ worth for FREE newly created Bitcoin Cash from the fork as well as keeping their full stock of Bitcoins.

It seems part financial gain and greed along with part tantrum, part attention-seeking and part failure to control the Bitcoin team were behind the reasons for the Bitcoin Cash fork.

Not only bitcoincash there is lots of bitcoin forked coins are trading BTG , BTP , BTD out of all these forked coins i could sya bitcoin gold is having awesome team compare to bitcoin cash . These all coins are taking the reputation of bitcoin and creating their own . Mainly these coins are done by whales . When the fork is happening they will keep major share of bitcoin . Then they start to dump coin

Welcome, glad you found them interesting.

Yes it is quite clear he has not got rid of his Bitcoin and invested everything in Bitcoin Cash. How can he? He will lose money so cannot sell them. He has no time for Bitcoin but cannot let go of it in the hope Bitcoin Cash will overtake it

I try to tell people that Roger Ver is not looking out for anyone but himself in the cryptocurrency market, one day he says something but the next day he does another, he just wants to use all of his influence to make himself rich which is why he did the fork but he tries to bring bitcoin down even though his entire living is being made off of bitcoin

Thanks for putting up those links as I can't dig them anymore.

This only means that Roger Ver didn't dumped all of his bitcoin and he still has a belief on it while just rowing at two boats to get more sources.

I remember that, another person with proven thousands of Bitcoin offered to buy out ALL Bitcoins held by Ver in exchange for the Bitcoin Cash that the fork would generate. If memory serves me correct Ver declined because even though he does not believe in Bitcoin he is living off it.

Here is it: @RogerVer lets make a deal. At least 60k, my BTU for your BTC https://bitcointalksearch.org/topic/rogerver-lets-make-a-deal-at-least-60k-my-btu-for-your-btc-1836672
Reddit too: https://www.reddit.com/r/Bitcoin/comments/60ozkh/rogerver_lets_make_a_deal_1_for_1_trade_at_least/

Here is another interesting one: https://bitcointalk.org/index.php?topic=2124500.20

He only wants to create his own crypto so he did the fork.

And you also know that transaction fees now are very cheap. I did a transaction and only paid for 1-5 satoshi per byte and it was confirmed about 10 minutes so you have to reconstruct on what expensive means to you.

Mate do you have an idea on what happened to the topic that someone asked Ver if he's willing to exchange his bitcoin to the bitcoin cash of that person? I can't find the topic anymore.

Who cares what Roger Ver thinks or believes? Why does the opinion of Roger Ver count more or less than someone with 1 BTC or 0.001 BTC?

Just because Ver is a Bitcoin whale did not give him the right to get together with Asian crypto exchanges and create Bitcoin Cash via the fork. Anyway he has not sold his Bitcoins because they are too valuable to him. If he believed in his own project he would have sodl them all and just stockpiled his Bitcoin Cash instead.

He is out to line his own pocket and does not give two hoots about the community or anything else. In my opinion Ver was driven by greed and anger to create Bitcoin Cash because he could not take over or influence the path of Bitcoin. I could be wrong but that is my opinion.

Roger Ver is very keen on forking bitcoin since as he believes that a real digital money is somewhat sort of a coffee money where you can buy staffs even in very small amounts. And we all know we cannot pay bitcoin to buy a single cheap burger in the streets as its transaction fee is too expensive. But bitcoin will have its own upgrades soon as I am sure they are aware on some stuffs that needs to be developed.

Each advanced money that we utilizing fall under a similar classification, with regards to bitcoin and bitcoin money the esteem and worldwide use fluctuates. Something else bitcoin money is only a fork of the bitcoin and this has influenced bitcoin to money more mainstream among the whole rundown of cryptographic money clients

In my opinion Bitcoin cash has failed, like many others I believe that it is scam, which has the only goal - to enrich its owner

A Bitcoin (BTC)-supporting community movement has evidently galvanized, alleging that Bitcoin.com is misleading buyers into purchasing Bitcoin Cash (BCH) instead of Bitcoin, with outraged users launching a website bitcoincomlawsuit.info to gather claimants and donations


http://telegra.ph/Outraged-Pro-BTC-Community-Alleges-Bitcoincom-Is-Misleading-Buyers-Into-Buying-BCH-04-30-2

Personally I have nothing against Bitcoin cash... it’s like bitcoin but with faster and much cheaper transtaction costs.....  I don’t know the difference in mining but it’s not my case.. for use and transactions I prefer for sure BCH to BTC...

There are certainly far worse coins that were created for terrible reasons and still exist despite being pure garbage, so I don't have any doubt that BCH will continue to exist for the foreseeable future as well. I'm not sure that being an opportunistic shadow is really that much of a slam since that describes literally every sing alt coin. There are some coins that started with an ideological purpose, but for the ones that have grown successful, every single one of them at a point became too big for politics not to play into it, and this includes Bitcoin itself. Nothing here operates on ideology anymore because there's far too much money at stake. Most of the money chasing gains in Bitcoin is ideology agnostic, and if Bitcoin stops working, they'll leave Bitcoin - not necessarily the crypto space - so the question where they go is interesting. BCH is one option. Ether is another logical choice, and perhaps even LTC.

If Bitcoin Cash will remain there in the hope to pounce if Bitcoin has problems then Bitcoin Cash is nothing more than an opportunistic shadow. Maybe if it can break out of the control of the whales and Asian exchanges that wanted to ditch Bitcoin as soon as the fork happened and use Bitcoin Cash instead then it might become something more serious.

For many people Bitcoin Cash will be a commodity they inherited from the fork not one they purchased. The fact that the whales and Asian exchanges created Bitcoin Cash in order to get rich quick whether or not they destroyed Bitcoin remains the biggest reason people who have been involved with crypto for a long time will not invest in Bitcoin Cash. Those that are new and have no idea about what the whales tried to do will no doubt invest.

I think people are a lot more agnostic than you recognize as far as BTC/BCH goes. There are hardcore ideologues on both sides that make up a core, and BTC certainly seems to be larger there, but all of these peripheral jumpers on the bandwagons don't care about the ideology, they're just chasing fast profits and lambo dreams. If,  and a big if currently, Bitcoin's network were to undergo stress and congestion similar to what it experienced in 2016 and parts of 2017 - sky high fees and a constant backlog of 300k unconfirmed transactions that made the network slow and unreliable (i.e. expensive to use in time and money) - and BCH was sitting there as a near clone but with higher capacity and none of these problems, I think a lot of people's resistance to its origin story get abandoned. The longer the unreliability of BTC's network drags on, the more people's weariness breaks down. I could people slowly importing their profit seeking and lambo dreams to the network that has the capacity to handle transactions fast and easy, and an eventual tipping point where the majority switches sides. A lot would have to happen though to reach that at the current state of things, and it's only Bitcoin's crown to lose. I don't think BCH is going to do anything to innovate ahead of BTC, it's simply going to be a case of stealing momentum if BTC ever drops the ball.

I agree with most of your views but could provide your opinion about why Bitcoin Cash was created then?

Bitcoin for me is a fundamental crypto #1, a store of value and digital gold that holds its value through time. Bitcoin cash (Bcash lol) for me is just a
speculative asset that can help me get more satoshis in the long run. For expample, the was a recent increase of Bcash's value by 10%. I presume there will be a big pump before its hard fork in May. Why not make some trade ?

First of all, Bitcoin Cash is still starting. Secondly, Bitcoin Cash is not being liked by people, just as they do with Bitcoin. Thirdly, Bitcoin is not even able to compete with the top three cryptocurrencies, and I believe it is listed as the number four or five on the list of best cryptocurrencies on Coin Market Cap. Bitcoin Cash is not even able to compete with Ethereum or Ripple, so how can it be able to stand one on one with Bitcoin which is the number one on the list. Not possible.