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Topic: The Irony of Bitcoin Cash's Rise (Read 201 times)

legendary
Activity: 2716
Merit: 1383
July 11, 2023, 03:29:32 PM
#31
It is a free market and everyone is welcome to participate, people always talk against the big player entering the crypto market as if it is a bad thing, one of the reasons the Crypto market is over A trillion dollar today is because of the VCs money that has been flowing into the space and they space is better for it, also not all of  these big money that get it right, they too are taking risk like you, you win some and lose some. I am surprised they warmed up to BCash but this is the beauty of open market
And you are correct on your assessment, it is just that it is difficult to understand what they may be thinking by going hard on bitcoin cash, however it would not be the first time the CEO of a company took a risky decision which at the need did not worked and then put their company at a tremendous risk due to their actions, however taking into account the bull run is getting closer they may even make money if they are only considering investing in bitcoin cash for the short term.
hero member
Activity: 1876
Merit: 512
July 09, 2023, 02:32:43 PM
#30
It is a free market and everyone is welcome to participate, people always talk against the big player entering the crypto market as if it is a bad thing, one of the reasons the Crypto market is over A trillion dollar today is because of the VCs money that has been flowing into the space and they space is better for it, also not all of  these big money that get it right, they too are taking risk like you, you win some and lose some. I am surprised they warmed up to BCash but this is the beauty of open market
sr. member
Activity: 1624
Merit: 339
https://duelbits.com/
July 08, 2023, 10:53:58 AM
#29
Bitcoincash is not Bitcoin. And I don't like anything that uses the Bitcoin name to increase the popularity of their project. Even though it is currently ranked #14 but I don't think this means Bitcoincash is a good thing. Sometimes the tokens in Blue chips also have to be analyzed and viewed technically.
legendary
Activity: 3780
Merit: 1418
July 08, 2023, 09:44:33 AM
#28
Bitcoin cash is just another useless altcoin.  What bitcoin already solved brash is trying to replicate like the 100s of thousands of other coins, it's useless in its current form because the problem has already been solved.  This thread sounds more like a shilling than anything else.
full member
Activity: 944
Merit: 101
PredX - AI-Powered Prediction Market
July 08, 2023, 09:36:50 AM
#27
To be honest, BCH can be seen as an irony of fate as it tries to overcome the hurdles of traditional regulatory authorities, but also opens the door to widespread adoption as a means of payment everyday payment convenience, there are stories about it before that we have much to argue with.
But anyway its position over time is still very strong in the market, maybe right now what is happening to it and even FUD, the PUMP power with this coin is showing quite strong. While this is not an altcoin that I pay much attention to, I have to admit it has always been a strong altcoin.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
July 08, 2023, 08:51:31 AM
#26
Bitcoincash isn't created for that purpose but it was only just a fork of Bitcoin. Bitcoin is the real one who is suit on that thing you are talkin about. For those who can't afford the fee for small purchases, there are still altcoins that we can use. I don't mean BCH because BCH was slow and then its fees are still higher compared to most alts.

The real reason on why Bitcoincash is rising is said to be caused by a manipulation. There are so many good coins to approve but why will they choose Bitcoincash? Is it because it was being look down the most? And maybe once people turn their attention to it and invest on the coin, they will then dump it.
I remember how much hype there was in 2017 when this hardfork came out. There was a time when Bitcoin Cash creators purposely sold their bitcoins to drop the price, pumping up the price of their shitfork. By this they wanted to prove that their fork was real bitcoin. So for me Bitcoin Cash is the worst altcoin on the market. Perhaps the only thing worse than that is BSV.
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
July 08, 2023, 07:44:04 AM
#25
Bitcoincash isn't created for that purpose but it was only just a fork of Bitcoin. Bitcoin is the real one who is suit on that thing you are talkin about. For those who can't afford the fee for small purchases, there are still altcoins that we can use. I don't mean BCH because BCH was slow and then its fees are still higher compared to most alts.

The real reason on why Bitcoincash is rising is said to be caused by a manipulation. There are so many good coins to approve but why will they choose Bitcoincash? Is it because it was being look down the most? And maybe once people turn their attention to it and invest on the coin, they will then dump it.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
July 08, 2023, 07:04:12 AM
#24
Yea, I was not here when those dramas were going on. But I read a lot of criticism in the previous post of . Bitcoin SV and some articles online when I try to get more information, where some authors even called it the better version of Bitcoin and all of that. If not for the EDX, which listed it as part of their trading assets, they would have been almost forgotten. I barely hear anyone say anything about it, nor do I see it in any market tracker trending list.

Their plan almost succeeded in the year 2017 by pumping the price of this currency and spam into the Bitcoin network by making transaction fees very high, and since that credit, we can say that this currency has become dead.
Bitcoin SV is an outright scam who even tried to steal the white paper and claim that the bitcoins belonged to them.

All altcoins except Ethereum can be described as dying. Yes, Bitoin Cash is real shitcoin, but even that coin gets pumped up from time to time.
Ethereum follows the same price as Bitcoin and rarely moves higher, I mean ETH/BTC not ETH/USD
Any altcoins paired with BTC constantly lose value. Logically, if bitcoin becomes more expensive to the dollar, then altcoins also become more expensive to the dollar. But if you open a chart of any altcoin paired with bitcoin, absolutely all of those charts will be in a downtrend. I guess altcoins exist to rid us of bitcoins. Cheesy
sr. member
Activity: 1610
Merit: 406
PredX - AI-Powered Prediction Market
July 08, 2023, 03:59:24 AM
#23
I never believed in Bitcoincash. Because I've looked a few years ago and Bitcoincash is not Bitcoin. Maybe Bitcoincash is still around $300 right now but for those who have seen the truth, I don't think Bitcoincash is a good investment choice.
legendary
Activity: 1596
Merit: 1288
July 08, 2023, 02:21:52 AM
#22
Yea, I was not here when those dramas were going on. But I read a lot of criticism in the previous post of . Bitcoin SV and some articles online when I try to get more information, where some authors even called it the better version of Bitcoin and all of that. If not for the EDX, which listed it as part of their trading assets, they would have been almost forgotten. I barely hear anyone say anything about it, nor do I see it in any market tracker trending list.

Their plan almost succeeded in the year 2017 by pumping the price of this currency and spam into the Bitcoin network by making transaction fees very high, and since that credit, we can say that this currency has become dead.
Bitcoin SV is an outright scam who even tried to steal the white paper and claim that the bitcoins belonged to them.

All altcoins except Ethereum can be described as dying. Yes, Bitoin Cash is real shitcoin, but even that coin gets pumped up from time to time.
Ethereum follows the same price as Bitcoin and rarely moves higher, I mean ETH/BTC not ETH/USD
hero member
Activity: 798
Merit: 702
July 07, 2023, 06:54:36 PM
#21
You were probably not around to live through that conflict, but back in the day some supporters of bitcoin cash even refused to add the cash at the end of its name as for them that was the real bitcoin, so they named this fork this way as they expected to replace bitcoin and eventually become the real thing, however it is obvious at this point they failed on their goal and now bitcoin cash is nothing more but another altcoin in which you need to be incredibly careful, as if you invest in it you could easily lose your money.

Yea, I was not here when those dramas were going on. But I read a lot of criticism in the previous post of . Bitcoin SV and some articles online when I try to get more information, where some authors even called it the better version of Bitcoin and all of that. If not for the EDX, which listed it as part of their trading assets, they would have been almost forgotten. I barely hear anyone say anything about it, nor do I see it in any market tracker trending list.
legendary
Activity: 2716
Merit: 1383
July 07, 2023, 06:36:27 PM
#20
Bitcoin Cash—why do they even choose the name Bitcoin Cash, if I may ask?
 
Well, I have come across many news stories regarding its features, how the EDX has made a great impact on it, the price pump, and some bloggers even asking if it's too late for one to purchase the token, and all of that. Well, the price pump is just a typical example of what happens to projects that have a little solid backing from some power institution, with or without any good use case. You will see them doing just fine, but let us not be overwhelmed, for this is crypto. We never can tell which agreement the Bitcoin Cash team has with that of EDX, although the positive price impact was not just on Bitcoin Cash alone; it was on a few other altcoins out there.
 
Newbies and investors should just be careful when making their investment choices, especially on projects like Bitcoin Cash, which just did a 100%+ in the last few weeks. Price might dump a little bit in order to correct that fast movement.
You were probably not around to live through that conflict, but back in the day some supporters of bitcoin cash even refused to add the cash at the end of its name as for them that was the real bitcoin, so they named this fork this way as they expected to replace bitcoin and eventually become the real thing, however it is obvious at this point they failed on their goal and now bitcoin cash is nothing more but another altcoin in which you need to be incredibly careful, as if you invest in it you could easily lose your money.
full member
Activity: 1470
Merit: 103
COMBO 2.0
July 07, 2023, 04:40:33 PM
#19
Hahaha BCH is basically a floating project and I think people are just holding it as meme to BTC So yeah I think its a shit coin that whale just hodl for fun I dont see where this one is going I would rather hold BTC or ETH than wasting time on Cash but still some people will keep hold the project
sr. member
Activity: 2282
Merit: 439
Cashback 15%
July 07, 2023, 12:04:14 PM
#18
Look who is back shilling shitcoins. We know your mission in this forum

I am glad I don't use Gateio.

Bitcoincash is a dying shitcoin. I am quite surprised by how easily excitable some of you folks are with just a small rise in price which most of us know is just a pump and dump
All altcoins except Ethereum can be described as dying. Yes, Bitoin Cash is real shitcoin, but even that coin gets pumped up from time to time. This time it's the same as usual - it's pumped up and should be dumping soon. Any other altcoin is no different from this pattern. There are a lot of pow coins on the market right now that are just as well pumped.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
July 07, 2023, 10:33:00 AM
#17
Bitcoin Cash was created to be the everyday man’s money for small purchases.  It’s now ironically rising because large financial players are getting regulatory approval to trade it with clearing house custody for institutional trading only.  Is it an ironic twist of fate for the coin that exists to defy and free mankind from the chains of the Federal Reserve, to rise off regulators approving it over it’s competitors?

https://www.youtube.com/watch?v=g8H1LCzPcWk

Funny how you're parading BCH like it's the next best thing. Most of the prominent people who spearheaded the BCH movement before, during and a few months after the fork have all given up on that narrative a long, long time ago. The recent pump have gotten you all to believe but it might most likely just be a shor term play. For all we know, this might just be another random market movement and has nothing tied to the value of BCH technology or it's ecosystem.
full member
Activity: 896
Merit: 100
PredX - AI-Powered Prediction Market
July 07, 2023, 10:18:27 AM
#16
don't like FOMO  Roll Eyes

I'm not too concerned about its development or work going on, although I do often see it on places where I look for crypto-related information, and as in many cases it has been and This time the object selected for PUMP is BCH. Actually, if you look at the technology or the value it uses, it's not too much to pay attention to, because it's as simple as many other things that already exist, but BCH may be lucky to have the backing. as well as a good time for a pump.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
July 07, 2023, 04:26:03 AM
#15
How I wish that was all true.

All I could see is BCH being pulled up by the recent surge of Bitcoin because of the ETF news from Blackrock investments. They should just be thankful for that and perhaps they could sell their assets now to gain profits from whatever the purpose of that coin is, if there is.
I don't see any threads here lively enough to lift up BCH too and even in social media and other platforms they are not being hyped. If all that exist there are investors which are whales then I doubt it could stay strong in the long run. I bet those large investors will just manipulate its market.
I won't buy this even with how sweet the words are or whatever they did, I'd just stick with Bitcoin and then Ethereum for altcoin choices.
legendary
Activity: 1596
Merit: 1288
July 07, 2023, 01:33:34 AM
#14
I am surprised that all the above comparisons talk about the price only. It is true that the price has a decisive role, but it is not everything. Monero (XRP) is not of a high price, but some will invest in it because it has a future, especially with its focus on privacy, which may be of value in the future.
In the case of Bitcoin Cash, they were promising that they would be better than Bitcoin because of the cheap fees and fast transactions, but as we mentioned, this did not materialize as the fees are high compared to the fullness of blocks and transactions need more than confirmation, as there are many competitors who offer faster transactions and lower fees, so Bitcoin Cash is a dead project and this is reflected in its price.
legendary
Activity: 3332
Merit: 1617
#1 VIP Crypto Casino
July 05, 2023, 06:08:51 AM
#13
It has a much lower market cap than bitcoin, there is low volume & low liquidity quite often with BCH so it’s much easier for people with deep pockets to manipulate the price. I don’t think for one second there is going to be a scenario where we see a BCH vs BTC flippening. If you are invested in BCH enjoy the pump but don’t start dreaming, BTC is the King.
legendary
Activity: 1596
Merit: 1288
July 05, 2023, 04:16:05 AM
#12
Bitcoin Cash was created to be the everyday man’s money for small purchases.  It’s now ironically rising because large financial players are getting regulatory approval to trade it with clearing house custody for institutional trading only.  Is it an ironic twist of fate for the coin that exists to defy and free mankind from the chains of the Federal Reserve, to rise off regulators approving it over it’s competitors?

https://www.youtube.com/watch?v=g8H1LCzPcWk

I did not hear anyone referring to Bitcoin Cash with the description. BCH hardfork was mainly to increase the sizes of the blocks and thus to reduce transaction fees and make them faster by confirming them in an average of less than 10 minutes due to the large size of the block, but there were no promises to use it for daily transactions, but rather a promise of a faster currency and less fees compared to in bitcoin.

It is true that Bitcoin Cash fees are lower, but this is because the blocks are mined empty. If Bitcoin Cash is tested at the same rate as Bitcoin, it will fail as the large block size will facilitate double spending and will not reduce the fees because it is not a solution to the problem.


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