Topic: The Value and the Relationship between BTC and BCH - page 2. (Read 1998 times)
The real problem with Bitcoin Cash is that it's managed by a small group of people. That's antithetical to the Bitcoin decentralization ideal. It's possible that over time more people will use Bitcoin Cash and it'll become a non-centralized currency but that's yet to be seen.
They said that Bitmain and Roger Ver were going to sell off their bitcoins and put the money into BCH after the fork and they are probably doing it right now.
Who said this? A businessman will always be wise as a businessman. Why would they gamble their thousands of bitcoin for this new creation? It's just odd that they will let their profit go into the thin air, no way they won't do it. Probably they will but maybe 10% of their total bitcoins.
That is why the price of BCH is sustaining at this moment. Once they run out of the capital from selling bitcoins, the price of BCH will probably drop.
Not only because of them, traders will always be traders. Everyone is just chasing for the profit.
If BCH made it and survived with a decent price, that would encourage more similiar Bitcoin split in the future - which is not a good thing in my humble opinion.
Splits are giving the newbies fear and let's hope there's no more in the near future.
I do not believe the current BCH value will sustain in the long term. The reason why it is at around $300 right now is because Roger Ver and the team are pumping it up with the money they got from selling BTC. As I have mentioned, after that capital is used up, the bumping will stop and the price will drop - probably no more than 3% of the BTC value. Currently, it is easier to sustain the $300 price mark because that the market cap is still small.
Unless people started to accept and use it as currency like BTC or something major happen, that will be a different story.
Unless people started to accept and use it as currency like BTC or something major happen, that will be a different story.
I hope this becomes a good thing in the future so what the btc shortcomings can be covered by BCC, and I think this is progress and not make users confused.
hell no.
it's a clone at the beginning and always be like that,
no matter what will happen to Bitcoin,it has nothing to do.
we will see a pump for this clone in a few days or weeks later and after that huge dump will happen.
i am not surprised about this coin,because it's an altcoin to begin with
it's a clone at the beginning and always be like that,
no matter what will happen to Bitcoin,it has nothing to do.
we will see a pump for this clone in a few days or weeks later and after that huge dump will happen.
i am not surprised about this coin,because it's an altcoin to begin with
I think that's what most people fail to realize... That it's an altcoin at the end of the day. It just happens to have the word "bitcoin" in its name. I think Bitcoin Cash is just eclectic enough to scare away the bitcoin noobies, and not secure enough to attract the majority of the whales. I also agree that at the end of the day, this will live its lifetime as another altcoin, and will see the initial pump and dump like many alts go through. Is it here to stay? Sure, why not? But will it retain its value is the real question...
Unless there is some major marketing done to influence and educate the masses about BCC/BCH, I think most people are just going to dump their *free* coins and be done with it. Volatile market, for sure, and by the time it neutralizes, I firmly believe that BTC will still reign, as is pretty obviously apparent at this moment. Maybe with the adoption and integration of BCC by the big powerhouses and exchanges, which is apparently in the works for some big sites, but I believe that Bitcoin will still and always be the "gold standard" of crypto.
This is just me, a layman, talking though. I don't mine and have never mined BTC. I'm just a random dude that discovered it a couple years ago that knows just enough about how the blockchain works and how to setup and migrate my own private keys. For someone like me, there was not enough education pushed in my face about BCC/BCH to make me comfortable to swap and/or hodl, and if I'm saying that as a layman, I'm sure there are MILLIONS more out there going "what the fuck is Bitcoin Cash?!"
Just my $0.02.
hell no.
it's a clone at the beginning and always be like that,
no matter what will happen to Bitcoin,it has nothing to do.
we will see a pump for this clone in a few days or weeks later and after that huge dump will happen.
i am not surprised about this coin,because it's an altcoin to begin with
it's a clone at the beginning and always be like that,
no matter what will happen to Bitcoin,it has nothing to do.
we will see a pump for this clone in a few days or weeks later and after that huge dump will happen.
i am not surprised about this coin,because it's an altcoin to begin with
It looks like BCH is here to stay. For now, it seems that the combined value of both BTC and BCH is, consistently, around $3000. When BTC goes up by $50, BCH goes down by $50 and vice versa. Not sure how long this relationship will last. I do not mind for my exchange to sell off BCH now in exchange for more BTCs.
They said that Bitmain and Roger Ver were going to sell off their bitcoins and put the money into BCH after the fork and they are probably doing it right now. That is why the price of BCH is sustaining at this moment. Once they run out of the capital from selling bitcoins, the price of BCH will probably drop.
If BCH made it and survived with a decent price, that would encourage more similiar Bitcoin split in the future - which is not a good thing in my humble opinion.
They said that Bitmain and Roger Ver were going to sell off their bitcoins and put the money into BCH after the fork and they are probably doing it right now. That is why the price of BCH is sustaining at this moment. Once they run out of the capital from selling bitcoins, the price of BCH will probably drop.
If BCH made it and survived with a decent price, that would encourage more similiar Bitcoin split in the future - which is not a good thing in my humble opinion.
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