Do BCC Will help increase BTC Value? - page 3.

roadbits

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Quote from: hitlab on August 03, 2017, 08:37:06 AM

No it won't, I would say it actually decreased BTC value since it took hash power away from the main chain. If you look at the charts you can see a sharp drop in BTC at the moment of fork.

Long term both coins will develop separately and the price will be determined by their own merits.

Long term only the Bitcoin price will increase, and because of this BCH, the price of the Bitcoin is not increasing or else our expectation in August 1st week it will reach $3000. Did you check the BCH price, now it's decreasing like how it increased last 2 days. Negative 37% I think. Still, it goes down, and who all invested on this coin they all will become jokers.

bitcub

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Yes, BCC is created to rival BTC nothing else. The people behind BCC are mostly Chinese investors who own a huge number of miners. I wish they must stop creating nonsense forks. But just incase, theres another fork. We know what to do: Accumulate Bitcoin, stop trading alts. To get another free coin.

Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

hitlab

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No it won't, I would say it actually decreased BTC value since it took hash power away from the main chain. If you look at the charts you can see a sharp drop in BTC at the moment of fork.

Long term both coins will develop separately and the price will be determined by their own merits.

iram1011

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Quote from: Wendigo on August 03, 2017, 08:22:55 AM

BTC (soon to be SegWit) and BCH are competitors. Some guys have already said that BCH + BTC combined resulted in a new all time high but I don't think this is correct because they are 2 entirely different coins sharing a similar name.

But they aren't competitors as well. There is no solid relation exist between Bitcoin and altcoins. Nobody is dumping Bitcoin to buy BCH. Actually the fact is Bitcoin doesn't has any cryptocurrency as a competitor. The reason being Bitcoin drives the cryptocurrency market. People tend to buy others coins through Bitcoin. Thus, bitcoin rather support other coins.

Even in month of July, with the devaluation of Bitcoin other cryptocurrencies too follow the suit and overall marketcap declined a lot. But as soon the Bitcoin gained momentum, altcoins too.

Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,

Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

Yup, after Segwit lock in period. There is a scheduled 2x hardfork in November. If till then there is 100% support to hardfork. There wouldn't be any split. Else the other minority part which wouldn't be supporting the hardfork will continue with older blockchain and thus a new coin.

adzino

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Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

If it's going to do something, it will be doing the opposite to be honest, but likely to be happening. The price of Bitcoin cash we see right now, isn't the true face value and is extremely volatile. Wait till everyone is able to dump their coins Wink

fanbeila

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Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

No help.creation of BCC due to hard fork is responsible for all the chaos in crypto markets.it has not even left the altcoin market.It is just desire of some chinese miners who always wish to dominate the bitcoin market and the chinese are in no way useful for bitcoin progress.Earlier,they manipulated bitcoin price by dumping their bitcoins and now they have even sent to the extent of making hard fork to create BCC.

Wendigo

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BTC (soon to be SegWit) and BCH are competitors. Some guys have already said that BCH + BTC combined resulted in a new all time high but I don't think this is correct because they are 2 entirely different coins sharing a similar name.

soothaa

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To directly answer your question: no, BCC will not help increase BTC. Realistically if anything it will detract from BTC's value due to confusion and a larger amount of options. However, this is not just some half baked project in my opinion - they do have a legitimate concern with SegWit and wanting a higher block size, Satoshi himself only made the 1MB size a temporary thing.. or so he thought. BCC's whole closed source and hidden in the shadows thing.. that might be what kills them in the end.

Reid

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ETH, Litecoin, Monero, Dash and more strong crypto-currencies have been with bitcoin for a long time and it didn't affect much.
Even if some of the bitcoin holders will shift to BCC it cannot bring down bitcoin just like that.
It is an altcoin and they have their own features which is almost alike with bitcoin.
With this some of the users prefer the other coins for faster transaction or profits. But they will always go back to bitcoin which means the value always come back.

eternalgloom

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Quote from: Beerwizzard on August 03, 2017, 08:15:07 AM

Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

I'm not an expert either but generaly all successfull cryptocurrencies hape positive influence on bitcoin. Mostly because it is tradable in most pairs and people will spend or demand bitcoin while buying or selling bitcoin cash.

Isn't it more so the other way around? That Bitcoin has a positive influence on other crypto currencies?
Bitcoin still has the largest marketshare out of all forms of crypto currency and you can see on coinmarketcap that Bitcoin still somewhat dictates the prices of other altcoins.

bajing

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Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

I'm also not a crypto currency expert but I think if a little BCC enthusiasts can make bitcoin prices go up because bitcoin users or investors BCC will re-invest on bitcoin.
Yes BCC was created to compete with other coins but i doubt BCC can compete with BTC

Beerwizzard

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Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

I'm not an expert either but generaly all successfull cryptocurrencies hape positive influence on bitcoin. Mostly because it is tradable in most pairs and people will spend or demand bitcoin while buying or selling bitcoin cash.

BillyBobZorton

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Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

Bitcoin Cash can do nothing but make it clear that hardforking is a mistake. The price right now is not a real price, people can't properly dump their coins. Once we get rid of Bitcoin Cash, Bitcoin will go to $4000 easily. But we must drop this weight from the system.

I can't wait for real trading to happen, we will see a massive dump. This altcoin is going to get the biggest dump ever seen. They still don't understand all coins are being frozen on the markets, and people can't properly sell for BTC. Once this happens... it's showtime.

Mandoy

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Quote from: kirkey on August 03, 2017, 07:41:33 AM

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

A fork is done when two miners find a valid hash within a short span of time, you can read this on google. This just means that bitcoin needs a fork because its previous code can no longer reply to the huge demands and large volume of transactions on the mempool. Lets just say that forking is a way of upgrading bitcoin so it can speed up the confirmation of transactions. But due to different beliefs of two groups thus we have bitcoin split and bcc or bitcoin cash is born. It is unclear if bitcoin cash will help increase the bitcoins value but in my opinion it will pull bitcoins value down since if btc supporters will shift to bcc then the value of bitcoin can go down.

kirkey

newbie

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Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

Topic: Do BCC Will help increase BTC Value? - page 3. (Read 1686 times)