Topic: Do you think Bitcoin Cash will take place of Bitcoin? - page 41. (Read 5967 times)

Its really like a dream event.All altcoins usually depend on BTC price.Bitcoin Cash is not enough to take place of BTC.Really bad senario.

Yes, I think Bitcoin is very good and will last a long time, bitcoin money will not last long because I think
bitcoin money is not like bitcoin, and it will die soon

I personally think it is impossible because what I see bitcoin cash is only a fraction of bitcoin and so bitcoin remains the main coin and to take the bitcoin place is very difficult to let alone bitcoin has blockchain and promising technology

I don't think that bitcoin cash can take place of bitcoin and can compete with bitcoin although bitcoin cash has potential to increase higher. bitcoin still lead the coin including bitcoin cash so no matter how hard bitcoin cash trying, the chance is small to take over the place. but it is better for us to see what will happen in the future so we can see how strong bitcoin in the cryptocurrency world.

The development of bitcoin cash is good, but to take over the possibility bitcoin possibility is very small. That's because the community or bitcoin users are wider than bitcoin cash. Bitcoin cash can be a leader, but it must reverse the situation first, and I think it is very difficult because the difference is very far away.

In addition, we should ask ourselves if Segwit and LN will ever be Bitcoin in substance - and the answer is a definitive: "No." It should not be called Bitcoin.

As I've previously managed: "Keep in mind that both Bitcoin Cash and Segwit are forks of the original Bitcoin blockchain. The first has done it to be able to scale by using the Bitcoin system - as intended by Satoshi (see below) - while the latter has done it to for one do away with signature data in Bitcoin transactions and to enable it to scale off the Bitcoin system and off-chain by making use of what's called the Lightning Network (LN)."

"It never really hits a scale ceiling" - Satoshi (Source: https://bitcointalksearch.org/topic/m.1596879)

BitCoin Cash has made very good progress on its digital currency platform and has increased its value. The bitcoin is the highest value coin. bitcoin cash can not be as big as bitcoin right now. Maybe there is a chance in the future.

The only problem is that Segwit is not Bitcoin in substance. So what you mention in terms of the "bifurcation of Bitcoin" and the rest only apply to some extent when it comes to a comparison to Segwit.

I don't think so. Bitcoin cash is just a currency that Bitcoin has forked out. Maybe it's developing very well at the moment, but you know that if it grows better than it does now, Bitcoin will develop more. Well, it will never be possible to go beyond Bitcoin.

The community that supports Bitcoin Cash is already large and growing. More and more people are joining as they learn the truth about Segwit and LN. In addition, as I've previously managed: "Keep in mind that both Bitcoin Cash and Segwit are forks of the original Bitcoin blockchain. The first has done it to be able to scale by using the Bitcoin system - as intended by Satoshi (see below) - while the latter has done it to for one do away with signature data in Bitcoin transactions and to enable it to scale off the Bitcoin system and off-chain by making use of what's called the Lightning Network (LN)."


Furthermore, you claim that "those that forked bitcoin and created bitcoin cash did so in order to obtain a lot of money, and they did but the community did not benefited because of it" -  On the back of what do you claim that the community didn't benefit? Please explain. E.g. everybody who held BTC received a corresponding quantity in BCH when BCH was created.

I don't think so. Bitcoin cash is just a bifurcation of Bitcoin. You may think that it is developing very well and has great development prospects, but you have to know that if Bitcoin's cash grows well, Bitcoin will The development is better.

Yes, the price movements of Bitcoin Core pretty much dictates the direction of the market. It dominates the market - mostly because it managed to claim the name of the original Bitcoin. Moving forward - this is expected to change. E.g. given the current level of its dominance - around 37% - it shows a decline of more than 60% compared to the peak dominance it reached. It is just a matter of time before it will be overtaken by another crypto.

And yes, price manipulation certainly plays a role in the price movements of most cryptos, but there are other factors that are influencing prices as well. To claim that the price of BCH "is totally depended if Bitcoin is up" and that "claims of BCash is going up when Bitcoin is going down is a pure price manipulation" is a bit of a stretch. The extent to which price manipulation plays a role is anyone's guess, but to claim that it is 100% the result of price manipulation is far-fetched. E.g. BCH recently more than doubled in price while the same couldn't be said of BTC. The reason for this is partly because of the positive changes - perceived and real - coming for BCH on May 15th.

"they cannot do it everytime when Bitcoin is down or they will lose a lot of money from buying BitcoinCash at loss" - Yes, assuming one is holding BTC and wishes to switch to BCH, the best strategy is to make the switch from BTC to BCH while the BTC:BCH price ratio is at its highest. However, not all people who switch to BCH are doing so from a position holding BTC - so to claim that all will be losing money when they buy BCH when BTC is down is not entirely accurate. In addition, you will need to assume that they got in at the same price levels, are selling at the same price levels and are buying at the same price levels again - which is not the case.

Every coin will have their chance to be better than the others someday.
Related to this question, I'm not really sure that the Bitcoin cash will overtake the place shortly, but I cannot also guarantee or predict what will happen in 5-10 years later. It can be changing surprisingly.
Bitcoin and Bitcoin cash is a good investment for long term. However, Bitcoin is more trusted than others and the value is very high.

a few months earlier bitcoin prices and other coin prices continue to fall but now prices have started to rise again and is good again for investment and still the highest bitcoin price

Bitcoin cash does not really have the support of the community and with good reason many saw that as an attempt to destroy bitcoin or at least to make it a lot weaker not only that those that forked bitcoin and created bitcoin cash did so in order to obtain a lot of money, and they did but the community did not benefited because of it.

I don't think or see any way that could ever happen, bitcoin cash is a fork of bitcoin. Bitcoin is more widely accepted by different people, institutions etc and I don't know how many people that know about bitcoin cash. so I don't see that happening in

BCash cannot go up by its own. Its price is totally depended if Bitcoin is up. Their claims of BCash is going up when Bitcoin is going down is a pure price manipulation they cannot do it everytime when Bitcoin is down or they will lose a lot of money from buying BitcoinCash at loss.

Agreed. E.g. a better measure is to look at the increase in the number of merchants who are accepting Bitcoin Cash as a means of payment and the ones who are starting to drop Bitcoin Core as a means of payment.

P.S. It is not entirely honest to connect the decline in the price of BCH at that stage to a decline in its popularity. It is better to say that it was not saved from a downward swing in the market in general.

I think it will not,  bitcoin is very popular and trusted by lots of users and investors.  Some have been doing some investment in a long term basis wherein,  they invest it and let it until btc price increase once again.