Topic: effect of BCH in BTC price - page 2. (Read 1549 times)
well, I think there's a game in the back of a bitcoin price drop, and a bitcoin cash hike. well, this is very profitable for a trader. even, the bitcoin cash price is almost equivalent to 0.5 btc in no time. well, I think bitcoin cash really has an effect on bitcoin prices.
2) Do you think this crash normal (7,800$ to 6,200$) or intended 
First of all, $1,600 USD difference drop is not considered crash yet, thats only 22% drop in percentage, there are higher percentage drop in history of Bitcoin that 22%. Two factors that you need to consider why it dropped 22%, one is the market correction because of the recent bull run, next is the orchestrated BCH pump. Blame those with weak hands for selling their BTCs in exchange for BCH and enjoy the short ride to the moon and back. 
1) Do you think Roger Ver with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?
2) Do you think this crash normal (7,800$ to 6,200$) or intended
1. I think BCH can not replace BTC 2) Do you think this crash normal (7,800$ to 6,200$) or intended
2. BTC price will return to its existing orbit
BCH is just a temporary solution when the miners realize profits when mine BCH > BTC. they will soon be back with Bitcoin because Bitcoin is a currency that we are looking to the future
There is a theory now circulating:
Miners can quickly switch between btc and bch.
If btc/bch goes down they switch to bch. Transactions pile up - and if it goes on for long then the price will go down even further (a positive feedback).
It requires over 2000 blocks for the difficulty to scale down in btc (two weeks - more if the slow down is significant).
In bch the adjustment happens every new block - so it will not suffer that much from those oscillations.
(from https://pastebin.com/D09wHy2W)
Sounds logical - maybe BTC needs to switch to a similar faster difficulty adjustment scheme.
But if the price does not drop below mining profitability - then it should not be that bad - after BCH difficulty adjusts up miners will go back to BTC.
Miners can quickly switch between btc and bch.
If btc/bch goes down they switch to bch. Transactions pile up - and if it goes on for long then the price will go down even further (a positive feedback).
It requires over 2000 blocks for the difficulty to scale down in btc (two weeks - more if the slow down is significant).
In bch the adjustment happens every new block - so it will not suffer that much from those oscillations.
(from https://pastebin.com/D09wHy2W)
Sounds logical - maybe BTC needs to switch to a similar faster difficulty adjustment scheme.
But if the price does not drop below mining profitability - then it should not be that bad - after BCH difficulty adjusts up miners will go back to BTC.
It all depends on how users behave.
Those who have their coins on the exchanges or in wallets like Xapo, will not be affected by the mempool backlogs. But those who have their coins in their own wallets are struggling with large fees and being unable to move coins.
And businesses that need to move coins - such as remittance businesses - are also struggling. The fear is that if mempool problems persist, they will seek to use another coin to move money. It might be bitcoincash, it might be ethereum or another alt.
Businesses tend not to wait, because they haven't got the luxury of saying to their customers, "just wait, your money might arrive next week sometime, we hope".
1) Do you think Roger Ver with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?
2) Do you think this crash normal (7,800$ to 6,200$) or intended
1. I think BCH can not replace BTC 2) Do you think this crash normal (7,800$ to 6,200$) or intended
2. BTC price will return to its existing orbit
There is a theory now circulating:
Miners can quickly switch between btc and bch.
If btc/bch goes down they switch to bch. Transactions pile up - and if it goes on for long then the price will go down even further (a positive feedback).
It requires over 2000 blocks for the difficulty to scale down in btc (two weeks - more if the slow down is significant).
In bch the adjustment happens every new block - so it will not suffer that much from those oscillations.
(from https://pastebin.com/D09wHy2W)
Sounds logical - maybe BTC needs to switch to a similar faster difficulty adjustment scheme.
But if the price does not drop below mining profitability - then it should not be that bad - after BCH difficulty adjusts up miners will go back to BTC.
Miners can quickly switch between btc and bch.
If btc/bch goes down they switch to bch. Transactions pile up - and if it goes on for long then the price will go down even further (a positive feedback).
It requires over 2000 blocks for the difficulty to scale down in btc (two weeks - more if the slow down is significant).
In bch the adjustment happens every new block - so it will not suffer that much from those oscillations.
(from https://pastebin.com/D09wHy2W)
Sounds logical - maybe BTC needs to switch to a similar faster difficulty adjustment scheme.
But if the price does not drop below mining profitability - then it should not be that bad - after BCH difficulty adjusts up miners will go back to BTC.
1) Do you think Roger Ver with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?
It will affect bitcoin's price and may kick it but I don't think so that it will ever be replacing bitcoin. Bitcoin will survive, I trust bitcoin as there's too much challenges that it went through before.2) Do you think this crash normal (7,800$ to 6,200$) or intended
Yes, normal crash are like that but this crash was composed of an expected correction of bitcoin and also with the pump hypers with bitcoin cash.
Now bitcoin has returned to the right track, I was worried bitcoin will drop below $ 5000, but happy because the low price of $ 5800 and now the price has close to $ 7000.
Being new to this Crypto business, I bought $2K worth of bitcoins 2 weeks back when the price was $7000+ hearing about BTC price jump, then friend of mine tole me about the hard fork and possibility of new free coin, so I decided to invest $2k more and bought it when BTC was all time high at $7800.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+
. Not a huge amount to most but it is for me.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+
. Not a huge amount to most but it is for me.Just hold it all in Bitcoin and you'll end up making a lot of money even after your current losses. Stay out of BCH. It's a pure pump and dump coin. You got scammed into buying into a pump and dump scheme and lost money. That's the only thing BCH is used for. A few people who got rich from Bitcoin have decided to spread propaganda saying BCH is the real Bitcoin and they worked hard to pump the price up to be a huge bubble the past few days. If you still have any BCH sell it immediately. The normal price for BCH is about $400 and it will go back there in the next few weeks.
Bitcoin is the main crypto, it might increase 10x in the next 3 years. BCH likely has no future as it is used purely for trading and not used in the real world at all and won't be because Bitcoin is already the coin being used for real world purchases.
BTC just experienced a normal crash and BCH's zealots used the opportunity to pump BCH. BCH had its weekend in the news, now it is going back to normal <$500 levels. BTC just started recovering from a normal crash. It'll be breaking new highs in the next few weeks and will very likely hit $10k in December or January.
Thank you for your advice, seeing BTC climb again in price, I now have the confidence and will definitely hold the remaining BTC. I did sell the BCH at bit of loss, but learned the lesson.
1) Do you think Roger Ver with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?
2) Do you think this crash normal (7,800$ to 6,200$) or intended
2) Do you think this crash normal (7,800$ to 6,200$) or intended
I think this event is totally misunderstood for those who believing that BCH will take the place as the no.1 crypto currency in the all time history. they are all day dreamer they do totally believe that BCH can surpass bitcoin for just a short period of time. less than a year? that's totally crazy. bitcoin got his name for almost 3 years and to be more in demand for more country it takes than 3-5 years and bitcoin got his legendary own place for that very long adaptation. so after that more altcoin are dreaming that they can surpass bitcoin which is not.and the crash of bitcoin price is intended.
No, I dont think bitcoin will ever be replaced not with BCH or any other altcoins. We have witnessed the movement of btc value and experienced the devastating (somehow) price drop of it but there is nothing to worry. Bitcoin will recover from it and yes the price drop that is currently happening in btc world is normal. I am quite thrilled on the pump of the price.For sure btc will be back with even higher value.
Being new to this Crypto business, I bought $2K worth of bitcoins 2 weeks back when the price was $7000+ hearing about BTC price jump, then friend of mine tole me about the hard fork and possibility of new free coin, so I decided to invest $2k more and bought it when BTC was all time high at $7800.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+ . Not a huge amount to most but it is for me.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+
. Not a huge amount to most but it is for me.Just hold it all in Bitcoin and you'll end up making a lot of money even after your current losses. Stay out of BCH. It's a pure pump and dump coin. You got scammed into buying into a pump and dump scheme and lost money. That's the only thing BCH is used for. A few people who got rich from Bitcoin have decided to spread propaganda saying BCH is the real Bitcoin and they worked hard to pump the price up to be a huge bubble the past few days. If you still have any BCH sell it immediately. The normal price for BCH is about $400 and it will go back there in the next few weeks.
Bitcoin is the main crypto, it might increase 10x in the next 3 years. BCH likely has no future as it is used purely for trading and not used in the real world at all and won't be because Bitcoin is already the coin being used for real world purchases.
BTC just experienced a normal crash and BCH's zealots used the opportunity to pump BCH. BCH had its weekend in the news, now it is going back to normal <$500 levels. BTC just started recovering from a normal crash. It'll be breaking new highs in the next few weeks and will very likely hit $10k in December or January.
One thing is certain, anyone who sold off their BCH which airdropped on them must be feeling like clowns at this time. It's best to just hold both BTC and BCH because no matter who thinks what, miners do contribute to the pricing and they will mine what is profitable to them.
Not sure why I should feel like a clown. Took the airdropped BCH and swapped them to BTC. Transferred later the BTC I got to an exchange and swapped them to USD. Bought BCH for a good price then and waited with a limit order for the pump and dump of Ver and his buddies. Made 8.4 BTC out of thin air. So explain me why I should be feeling like a clown...
I don't think bitcoin cash has something to do with pricing of bitcoin and besides this drop is a normal activity in bitcoin, there is a sudden pump and a sudden drop. Bitcoin become popular because of its nature of being unpredictable and so many fluctuations and the best thing is that whatever happen at the end bitcoin value wins and remain on the top with a very high price.
BCH coming back to earth like a meteor. Wonder if it was all just a pump & dump, the price drop is excruciating for those that have bch.
1) Do you think Roger Ver with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?
2) Do you think this crash normal (7,800$ to 6,200$) or intended
2) Do you think this crash normal (7,800$ to 6,200$) or intended
Roger Ver's support to BCH will make an impact to BTC's price, that is a fact, but this will not replace it. BCH will still be an altcoin and will never be the "real" BTC in which they are targeting to do. I'm positive that BTC will always survive in any type of attack people throw at it.
We all know that BTC is very volatile and a "crash" in its price is in its normal realm. There's nothing out of ordinary in it. Whether it will be intended or not, we couldn't know the correct answer to it. We just keep in mind that cryptomarket is being manipulated by the whales and will always do what they need to do just to profit in any market they enter.
Being new to this Crypto business, I bought $2K worth of bitcoins 2 weeks back when the price was $7000+ hearing about BTC price jump, then friend of mine tole me about the hard fork and possibility of new free coin, so I decided to invest $2k more and bought it when BTC was all time high at $7800.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+ . Not a huge amount to most but it is for me.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+
. Not a huge amount to most but it is for me.I think it is better to hold your BCH if you again convert into bitcoin you will lose again so just hold bitcoin cash.I expect bitcoin cash also have great future it will also give high return to you buddy.
What's happening to bitcoin is a normal activity or should I call this a cycle, the fluctuations are part of advertisement for bitcoin if the price drops surely many investors will come to buy bitcoin. Bitcoin cash on the other hand needs to gain trust of people at some point it needs to increase its value so people will be interested. They are both a digital currency but has different ways to advertise.
It is a pump and dump on BCH. Bitcoin will never die.
Being new to this Crypto business, I bought $2K worth of bitcoins 2 weeks back when the price was $7000+ hearing about BTC price jump, then friend of mine tole me about the hard fork and possibility of new free coin, so I decided to invest $2k more and bought it when BTC was all time high at $7800.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+ . Not a huge amount to most but it is for me.
Yesterday, over the weekend I logged on and saw that BTC was crashing and BCH was going way up around $2500. Being a noob, I made the error of panic sale of BTC and buying BCH and later selling BCH and buying BTC when BCH went back down. Anyway long story short, thanks to this whatever is happening with BTC-BCH business and exchange fees, I am now $2K short in my BTC holding and still see the BTC is going down.
Any advice on either to sell the remaining BTC for cash and cut my losses or still hold them, I now have around 0.2... BTC down from 0.4+
. Not a huge amount to most but it is for me. Jump to: