Should I convert my BCH to BTC? - page 6.

Absentis

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Quote from: TuxRider01 on September 10, 2017, 05:46:27 PM

Yep, I got some BCH from the fork as a lot of hodler out there and I'm not sure what would the best thing to do with it (in term of long term return of investement).

I would like to hear the opinion of a few experienced traders on this before making my mind.

If yes, what would be the best way to do this?

Thanks!

Hold it for a while as you can see at the cryptocurrency trend it was stable at $500 plus, maybe you should hold it atleast a month from now then if the trending value decreasing then trade it but if it increases hoard it. It might follow the same path of bitcoin which start from the cheapest value too.

gentlemand

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Welt Am Draht

Why has no one here mentioned all the BCH held by services like Coinbase, Bitstamp, Xapo, Gemini and others? That's got to be over a million coins still locked up with the tedious part all done for its holders. It's far from fully distributed.

I'm pretty amazed at how steady it's been so far but anything could happen. I've still got 95% of mine. I'll wait for a mega pump.

aoluain

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I too have aquired some BCH but I am also holding it
in the hope it will rise in value. I treat it as a thing
to get rid of at the right time because I believe in BTC!

batang_bitcoin

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Quote from: ArrogantPeacock on September 11, 2017, 04:29:39 AM

I think BCH has some competitive advantages over BTC, such as faster blocks

It has as many bitcoin miners shifted to BCH mining. I'm saying before that BCH is a nonsense alt coin and this will be forgotten just like the Bitcoin Unlimited. But after the fork, many transactions are happening and the price went up to 0.6 BTC if I'm not mistaken. And up til now the price was considering good for an alt coin.

ArrogantPeacock

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I think BCH has some competitive advantages over BTC, such as faster blocks
I'd stick with BCH if I were you

NeuroticFish

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Quote from: TuxRider01 on September 10, 2017, 05:46:27 PM

If yes, what would be the best way to do this?

Be ready for this, meaning that your BTC is already moved out of those BCH wallets. You can keep them even on an exchange if the amounts are not that big. (But never keep big amounts on online services)
Keep your eyes on the markets now and then. When you feel that the price is good enough for you, sell. Keep in mind that from that point it may grow more or fall. Selling in multiple batches make you spread the risk - you can earn more or you can lose more though.

I followed these steps with Dogecoin and sold good. I didn't follow these steps with Byteball and I may have missed the best prices.

Baofeng

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Quote from: passwordnow on September 11, 2017, 03:51:28 AM

Just keep on holding it, I never got it up until now with electron cash. But I have a big sense that this coin is going to be a big blow in the upcoming years. Just like ETH there's a possibility that BCH can follow those top alt coins in the market so just be patient and wait for the right time before selling it.

Well the dump of BCH is now over and what's left in those individual who thinks that BCH has the potential to go big in the future. They maybe some pump in the coming months so I advise those to hodl if you don't want to convert it BCH for now. I already dumped my BCH and I don't regret even If a see the price go higher in the future.

Quote from: Carlsen on September 11, 2017, 03:40:35 AM

Like many others I hold the BCH I got during the fork.
Those are coins I did not expected to have, so they don't show up anywhere in my plans.
Maybe they surprise me in a few years. But for next few years, those coins will not be touched.

Its free coins anyway and if you able to maximize and get huge profit in the future, then hold on it. There is really a possibility that this coins will take off in the coming months or years. And as mentioned, it could take the path of ETH so its really has the potential to spike as well.

passwordnow

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Just keep on holding it, I never got it up until now with electron cash. But I have a big sense that this coin is going to be a big blow in the upcoming years. Just like ETH there's a possibility that BCH can follow those top alt coins in the market so just be patient and wait for the right time before selling it.

Carlsen

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Like many others I hold the BCH I got during the fork.
Those are coins I did not expected to have, so they don't show up anywhere in my plans.
Maybe they surprise me in a few years. But for next few years, those coins will not be touched.

Peterson60

newbie

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I myself did not convert them for the time being, I think that BCH might actually not be such a bad investment and when I have already few of the coins, why would I convert them.

omonuyak

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Quote from: TuxRider01 on September 10, 2017, 05:46:27 PM

Yep, I got some BCH from the fork as a lot of hodler out there and I'm not sure what would the best thing to do with it (in term of long term return of investement).

I would like to hear the opinion of a few experienced traders on this before making my mind.

If yes, what would be the best way to do this?

Thanks!

From beginning after the splitting many speculation was made that bitcoin Cash will be worthless or people are going to dump it after August second but this don't happen. I will advise you to keep holding your bitcoin Cash as you may not know what it will turn to be in future. I do think some time that bitcoin Cash and core may be competing item of price in future. Many speculation over were bitcoin may likely be are there in reddit.

bamboylee

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Quote from: alyssa85 on September 11, 2017, 12:35:35 AM

I've held both BTC and BCH because I'm not sure how this segwit2x thing will play out. If bitcoin forks again in November, it will become much weaker and we're back to the high fees/congestion problems.

I agree with how he thinks but only until we know how the November fork will play out. If bitcoin succeeds, see if bch will pump and then sell. The goal is to get as much out of bch because we are not certain about this coin. I don't see any use of bch except for speculation.

Yudhisthir

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I thought the same with the current rates but again thought if BCH is carrying on with the price of BTC, than why not hold both for the future.
My suggestion, BCH is a good coin to hold.

buwaytress

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Not sure you'll get an objective view from me, I sold my entire stash as soon as an exchange allowed me to =) I gotta say, I don't regret it, as it was an almost immediate >10% bump to my BTC amount, and we all know what happened to BTC price over the next few weeks since. If this were just another alt, I would probably have thought of it this way: I have a rare opportunity to gain "free bags" so I might as well hold out and see what happens since I have nothing to lose.

But since it wasn't, I chose Bitcoin in an instant.

okissabam

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I sold mines too, it is nothing different than those alternate coins created and it could never replace or surpass bitcoin. And just like every other altcoin, people usuallu convert them to btc. I don't think there is anything special with this coin.

Sobol101

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In order not to risk exchanging a small stake, and most of you wait for the best price and sell. Then you will have both investment and profit.

Herbert2020

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like any other altcoin you should convert it back to bitcoin at some point.

if you have a large amount of it and have never converted anything back to bitcoin, then it may be a good idea to cash out some part of it and keep the rest. you come up with the percentages that you feel more comfortable with.

what i did is that i sold some on the tops and then kept the rest for the next pump. i also bought some when it was rising back when the first pump came and make some quick profit when i dumped it.

as a trader you should do this too. but if you are not a trader and just want to take some risks then wait at least until end of this year when SegWit2x drama starts because BCH may get pumped by that time.

alyssa85

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I've held both BTC and BCH because I'm not sure how this segwit2x thing will play out. If bitcoin forks again in November, it will become much weaker and we're back to the high fees/congestion problems.

TryNinja

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Quote from: xuan87 on September 10, 2017, 07:17:35 PM

I will say wait for a moment, BCH just starting it's step and there are positive signals for some people, the miner feel more profitable to mine BCH which is a good sign, maybe wait for a few months to see how is the growth will be a great idea, and some people really like to use and invest in bchbso don't worry the price will suddenly become zero

Not at the moment. BCH is only profitable to mine when miners abuse the EDA to generate tons of blocks per hour for a period of time, and when the difficulty adjusts, they jump all their mining hashrate to BTC to lower the BCH difficulty and repeat the proccess over and over again. Not good for the BCH ecosystem.

You can use fork.lol to see which chain is more profitable to mine[1] and the BCH vs BTC inflation[2].

[1] http://fork.lol/
[2] http://fork.lol/reward/inflation

xuan87

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I will say wait for a moment, BCH just starting it's step and there are positive signals for some people, the miner feel more profitable to mine BCH which is a good sign, maybe wait for a few months to see how is the growth will be a great idea, and some people really like to use and invest in bchbso don't worry the price will suddenly become zero

Topic: Should I convert my BCH to BTC? - page 6. (Read 3294 times)