OH, ahhh!! Now I understand why Bitcoin Cash is called Cash...!

theheolyn

newbie

Activity: 37

Merit: 0

Quote from: Moneroman88 on August 04, 2017, 07:28:53 AM

... simply because it's designed to allow people to sell BCH for BTC so we can get more BTC = more cash

Hubris. What if you’re the fool here?

@AnonyMint posits that the reason is so they can buy your BCC with BTC that they plan to double-spend (steal) from you in a long-range blockchain reorganization, along with stealing the SegWit booty.

Moneroman88

sr. member

Activity: 448

Merit: 252

I would like to bump this thread once more to raise awareness. Bitcoin Cash was created solely for people (that knew and know) to increase their BTC holdings.

Kronos21

sr. member

Activity: 434

Merit: 255

To sell it you can, but you have it no one will buy. Thank God if you can get your bitcoins back. Suddenly the purse will declare that it does not support older bitcoin and you will forcibly give the bitcoin cash for the course.

coinzoid

sr. member

Activity: 476

Merit: 250

I loved the idea of forking btc to gain more btc. When do we get next fork? I'll try to allocate more BTC for next fork. And I'll consider keeping my coins on Bittrex before fork happens. So I can sell my forked coins for values like 0.44 :=)

TheFriends

member

Activity: 182

Merit: 10

Quote from: dennyd999 on August 04, 2017, 09:49:00 PM

Maybe doing without fork is not so intresting to support Segwit.imagine without bch it would be just another btc rise..

But now,so intresting huh?

They was risky to make this,but its works.

People like crazy sell bch to btc.

Btc is rising.

Genious.

Bitcoin Cash did not have the success that some people hoped because some exchanger did not support it, was necessary more adoption by the community and this did not happen, besides the crypto market runs all around Bitcoin.

dennyd999

full member

Activity: 238

Merit: 100

Maybe doing without fork is not so intresting to support Segwit.imagine without bch it would be just another btc rise..

But now,so intresting huh?

They was risky to make this,but its works.

People like crazy sell bch to btc.

Btc is rising.

Genious.

Oo ako to

full member

Activity: 238

Merit: 100

Quote from: Achargeturry78 on August 04, 2017, 02:51:43 PM

Quote from: FrenchBTC on August 04, 2017, 02:16:54 PM

Hi,

I laughted at your post !...
But I think what was really impressive was also the strengh of BTC just after the release of BCC : no decrease in the price...for sure not so many people would have anticipated that, even the more optimistics for BTC !....

BCC is just a free money.. no backed by anything it was given free. So dont expect that it has value. For me BCC is just a shit coin.

Just play with it like a basic altcoin. I'm sure it will dump by the end of this year so better sell it when it's on its hype. Altcoins were bought or obtained through means of service but selling this bitcoincash to the market that they all got for free, are you kidding me? Let those fools buy it.

Achargeturry78

sr. member

Activity: 630

Merit: 267

Just follow the rules

Quote from: FrenchBTC on August 04, 2017, 02:16:54 PM

Hi,

I laughted at your post !...
But I think what was really impressive was also the strengh of BTC just after the release of BCC : no decrease in the price...for sure not so many people would have anticipated that, even the more optimistics for BTC !....

BCC is just a free money.. no backed by anything it was given free. So dont expect that it has value. For me BCC is just a shit coin.

FrenchBTC

member

Activity: 104

Merit: 10

Hi,

I laughted at your post !...
But I think what was really impressive was also the strengh of BTC just after the release of BCC : no decrease in the price...for sure not so many people would have anticipated that, even the more optimistics for BTC !....

Amitabh S

legendary

Activity: 1001

Merit: 1005

yes apparently bitcoin holders realized that they can also pull off an Ethereum-style hardfork and get money out of thin air.. ingenious idea. And done better then ETH.. because we have replay protection.
I was against in the beginning it but now am waiting for the next one.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: Moneroman88 on August 04, 2017, 07:28:53 AM

... simply because it's designed to allow people to sell BCH for BTC so we can get more BTC = more cash

It's the only real reason BCC exists.

so easy but seems like I didn't understand it before! actually I think this is an ingenious idea in the first place.

It's also why they told everyone not to keep your BTC on exchange. Because the Bitcoin Cash devs and their friends did just that.

Selling 1 BCC for 0.44 BTC --> more BTC --> more CASH. It's an ingenious idea tbh, and it worked! Millions were made. Millions are still made, even at 0.1!

Aha! Someone cracked the code! I always wondered why it was called Bitcoin Cash aside from being a weak rip-off, now it all makes sense to me.

It's actually funny looking at the market value of BCC now, down to $290 and down 30% against their day-to-date value. Really a weak currency and only has a market cap because they have 16M mined already and it piggybacking off of what Bitcoin made.

Well, fine by me. Glad to see the scheme collapse and anyone who was dumb enough to actually invest in it lost money. Good lesson for all.

Mr.Anonymous

hero member

Activity: 644

Merit: 500

Quote from: iram3130 on August 04, 2017, 12:48:07 PM

Quote from: GoodLuck2 on August 04, 2017, 12:43:21 PM

Quote from: Hong Kong on August 04, 2017, 11:55:35 AM

Hmmmmmm I sold 70% and keep 30% because I think at the end of the year a big pump will come. Good timing is required for a 10X of BTC. I'm gonna do it.

Wow! Its very good that you sold your 70% and also save 30% for bright future , i think you got a lot of profit when you sold 70% of bitcoin cash and I hope you will make good profit from 30% of bitcoin cash.

There will be more artificial pumps so that the core team and their friends could cash out more Bitcoins through their BitcoinCash. So if you haven't sold your BCH then hold them, you'll get a time to sell them.

Because in first time most trader think Bitcoin Cash just is shitcoin and it can't have high value, so after listed on Bittrex it has dumped to lowest price, I remember 0.005-0.003 satoshi for each BCC in this time.

iram3130

legendary

Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: GoodLuck2 on August 04, 2017, 12:43:21 PM

Quote from: Hong Kong on August 04, 2017, 11:55:35 AM

Hmmmmmm I sold 70% and keep 30% because I think at the end of the year a big pump will come. Good timing is required for a 10X of BTC. I'm gonna do it.

Wow! Its very good that you sold your 70% and also save 30% for bright future , i think you got a lot of profit when you sold 70% of bitcoin cash and I hope you will make good profit from 30% of bitcoin cash.

There will be more artificial pumps so that the core team and their friends could cash out more Bitcoins through their BitcoinCash. So if you haven't sold your BCH then hold them, you'll get a time to sell them.

GoodLuck2

sr. member

Activity: 630

Merit: 251

Quote from: Hong Kong on August 04, 2017, 11:55:35 AM

Hmmmmmm I sold 70% and keep 30% because I think at the end of the year a big pump will come. Good timing is required for a 10X of BTC. I'm gonna do it.

Wow! Its very good that you sold your 70% and also save 30% for bright future , i think you got a lot of profit when you sold 70% of bitcoin cash and I hope you will make good profit from 30% of bitcoin cash.

cramcram21

sr. member

Activity: 854

Merit: 251

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Quote from: Moneroman88 on August 04, 2017, 07:28:53 AM

... simply because it's designed to allow people to sell BCH for BTC so we can get more BTC = more cash

It's the only real reason BCC exists.

so easy but seems like I didn't understand it before! actually I think this is an ingenious idea in the first place.

It's also why they told everyone not to keep your BTC on exchange. Because the Bitcoin Cash devs and their friends did just that.

Selling 1 BCC for 0.44 BTC --> more BTC --> more CASH. It's an ingenious idea tbh, and it worked! Millions were made. Millions are still made, even at 0.1!

I am also having the same idea about it more BCH to be converted to BTC more cash for us.
I also think that it is just another alt-coin nothing more it would only be played in the market .

craZyLovE0916

sr. member

Activity: 588

Merit: 250

I did not even think of this, but it is likely what happened. The devs got their Bitcoin Cash before everyone else and put their coin back on exchanges when others could not. Yet another major scam in the crypto world... not surprised.

Hong Kong

member

Activity: 72

Merit: 10

Hmmmmmm I sold 70% and keep 30% because I think at the end of the year a big pump will come. Good timing is required for a 10X of BTC. I'm gonna do it.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

With all the comedy aside,yes it was free money out of thin air,but the idea is pretty good,if they can scale like they are telling it is a genius way,if billions of people can transact then the technology is really cool than for less than a million like we used to see in the past,lets see how these things go and if they could fulfill what they set out to be,then it would be great.

wantjokull

sr. member

Activity: 700

Merit: 275

Is that really the true reason why it is called as BCC. I dont think so. You speaking like a made up answer by just speculating things around bitcoin and fiat currency. May be thats just the name devs gave to it while they were developing the project. I cant agree on that as long as there is official publication saying that bcc is derived from the way it is used, that is to get more cash.

sylance

full member

Activity: 392

Merit: 102

I only sold half my BCC, I'm still wondering what's going to happen when the difficulty levels out and how that impacts transaction speed and fees. I wonder if this event will motivate or dissuade future hard forks?

Topic: OH, ahhh!! Now I understand why Bitcoin Cash is called Cash...! (Read 2060 times)