Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: iamTom123 on August 02, 2017, 01:37:01 AM



Title: Bitcoin Cash: Nemesis of Bitcoin?
Post by: iamTom123 on August 02, 2017, 01:37:01 AM
Finally, my exchange service provider Bittrex has already credited my account with my small share of Bitcoin Cash (BCH) just today but I can not yet trade the said altcoin because its wallet (as well as that of the real Bitcoin) is still in maintenance. I understand that this can be the big reason why as of now no major dump happened against BCH.

Anyway, I am quite happy that I get my share of free money. Who would not say yes to receive something out of thin air, right? Right now, there are other exchanges that announced that they are also supporting BCH which would their members to buy and sell the said coin.

Now, I am wondering how would this dramatic twist would affect Bitcoin in the long term...and do we have to look at BCH as a nemesis of the real Bitcoin?


Title: Re: Bitcoin Cash: Nemesis of Bitcoin?
Post by: kriptotr on August 02, 2017, 01:43:04 AM
Why do you call it BCH, the market and exchanges call it BCC?

And I couldn't understand what you meant. I know everybody got their BCC on Bittrex almost 6-7 hours ago. If you had this problem, how come do you generalize it like "Nobody got free BCC and it's normal that we didn't see any dump on the market" because I wonder?


Title: Re: Bitcoin Cash: Nemesis of Bitcoin?
Post by: Sithara007 on August 02, 2017, 01:48:56 AM
Now, I am wondering how would this dramatic twist would affect Bitcoin in the long term...and do we have to look at BCH as a nemesis of the real Bitcoin?

The chances are there. A lot of powerful people (some with net worth of more than $1 billion) are supporting BCH. So it will be better for you to hold on to at least 50% of your BCH stash, rather than dumping all of them in the market.


Title: Re: Bitcoin Cash: Nemesis of Bitcoin?
Post by: Wind_FURY on August 02, 2017, 01:50:50 AM
OP, a good situation would be if the BCH supporters begin working on their fork and start leaving Bitcoin alone. But from what we have seen with Roger Ver in the past, he will not stop criticizing the Core developers. I believe he will start using BCH as a marketing tool to compete with Bitcoin.