Bitcoin Forum

Hello Guys,
I'm not an expert of Virtual Currencies like BTC, BCC, liteCoins etc. but I'm just curious what is the main reason forks were made out of BTC popularity?
Do BCC is helping BTC to increase value?
Is BCC is created to rival other existing Low-end Virtual Currencies?
Do you believe another forks will exist after a few months or years?

Talk to me, please... thanks

A fork is done when two miners find a valid hash within a short span of time, you can read this on google. This just means that bitcoin needs a fork because its previous code can no longer reply to the huge demands and large volume of transactions on the mempool. Lets just say that forking is a way of upgrading bitcoin so it can speed up the confirmation of transactions. But due to different beliefs of two groups thus we have bitcoin split and bcc or bitcoin cash is born. It is unclear if bitcoin cash will help increase the bitcoins value but in my opinion it will pull bitcoins value down since if btc supporters will shift to bcc then the value of bitcoin can go down.

Bitcoin Cash can do nothing but make it clear that hardforking is a mistake. The price right now is not a real price, people can't properly dump their coins. Once we get rid of Bitcoin Cash, Bitcoin will go to $4000 easily. But we must drop this weight from the system.

I can't wait for real trading to happen, we will see a massive dump. This altcoin is going to get the biggest dump ever seen. They still don't understand all coins are being frozen on the markets, and people can't properly sell for BTC. Once this happens... it's showtime.

I'm not an expert either but generaly  all successfull cryptocurrencies hape positive influence on bitcoin. Mostly because it is tradable in most pairs and people will spend or demand bitcoin while buying or selling bitcoin cash.

I'm also not a crypto currency expert but I think if a little BCC enthusiasts can make bitcoin prices go up because bitcoin users or investors BCC will re-invest on bitcoin.
Yes BCC was created to compete with other coins but i doubt BCC can compete with BTC

Isn't it more so the other way around? That Bitcoin has a positive influence on other crypto currencies?
Bitcoin still has the largest marketshare out of all forms of crypto currency and you can see on coinmarketcap that Bitcoin still somewhat dictates the prices of other altcoins.

ETH, Litecoin, Monero, Dash and more strong crypto-currencies have been with bitcoin for a long time and it didn't affect much.
Even if some of the bitcoin holders will shift to BCC it cannot bring down bitcoin just like that.
It is an altcoin and they have their own features which is almost alike with bitcoin.
With this some of the users prefer the other coins for faster transaction or profits. But they will always go back to bitcoin which means the value always come back.

To directly answer your question: no, BCC will not help increase BTC. Realistically if anything it will detract from BTC's value due to confusion and a larger amount of options. However, this is not just some half baked project in my opinion - they do have a legitimate concern with SegWit and wanting a higher block size, Satoshi himself only made the 1MB size a temporary thing.. or so he thought. BCC's whole closed source and hidden in the shadows thing.. that might be what kills them in the end.

BTC (soon to be SegWit) and BCH are competitors. Some guys have already said that BCH + BTC combined resulted in a new all time high but I don't think this is correct because they are 2 entirely different coins sharing a similar name.

No help.creation of BCC due to hard fork is responsible for all the chaos in crypto markets.it has not even left the altcoin market.It is just desire of some chinese miners who always wish to dominate the bitcoin market and the chinese are in no way useful for bitcoin progress.Earlier,they manipulated bitcoin price by dumping their bitcoins and now they have even sent to the extent of making hard fork to create BCC.

If it's going to do something, it will be doing the opposite to be honest, but likely to be happening. The price of Bitcoin cash we see right now, isn't the true face value and is extremely volatile. Wait till everyone is able to dump their coins  ;)

But they aren't competitors as well. There is no solid relation exist between Bitcoin and altcoins. Nobody is dumping Bitcoin to buy BCH. Actually the fact is Bitcoin doesn't has any cryptocurrency as a competitor. The reason being Bitcoin drives the cryptocurrency market. People tend to buy others coins through Bitcoin. Thus, bitcoin rather support other coins.

Even in month of July, with the devaluation of Bitcoin other cryptocurrencies too follow the suit and overall marketcap declined a lot. But as soon the Bitcoin gained momentum, altcoins too.

Yup, after Segwit lock in period. There is a scheduled 2x hardfork in November. If till then there is 100% support to hardfork. There wouldn't be any split. Else the other minority part which wouldn't be supporting the hardfork will continue with older blockchain and thus a new coin.

No it won't, I would say it actually decreased BTC value since it took hash power away from the main chain. If you look at the charts you can see a sharp drop in BTC at the moment of fork.

Long term both coins will develop separately and the price will be determined by their own merits.

Yes, BCC is created to rival BTC nothing else. The people behind BCC are mostly Chinese investors who own a huge number of miners. I wish they must stop creating nonsense forks. But just incase, theres another fork. We know what to do: Accumulate Bitcoin, stop trading alts. To get another free coin.

Long term only the Bitcoin price will increase, and because of this BCH, the price of the Bitcoin is not increasing or else our expectation in August 1st week it will reach $3000. Did you check the BCH price, now it's decreasing like how it increased last 2 days. Negative 37% I think. Still, it goes down, and who all invested on this coin they all will become jokers.

BTC alone can have more benefit it long term and can increase by itself, I think BCC needs to proves itself before it can gain the acknowledge received by bitcoin. Since many still into btc and some didn't want to try it will sure to go down.

Free there's nothing. If you're going to receive something free in the future you will have to pay for it and this fee could be much higher than the amount you needed to pay immediately. It is hoped the coins are handed out for free. It seems to me that it is a Scam.

I don't think so.                   

i think its just other bitcoin rival because it doesnt affect much on bitcoin fluctuation and roght now both coin is skyrocketed due to last hardfork , will it has another fork next year ? i think no , we dont need any more dramas regarding all of this so i guess better not going to happen , i love my coins

I will only focus on your question whether or not Bitcoincash (BCH) can possibly be helping Bitcoin (BTC) increase in its value. The way I see it is the answer can be NO. As of now, they are already separate and different coins and one's value is not connected to another. Both are already independent and their survival will not anymore be depending on one another. Though there is a possibility that they can be rivals...in the same manner that all altcoins can actually be.

I do not understand about this ....
I just follow the development of bitcoin and other altecoin ....
So essentially we are followers of development.

I wouldn't bet on that, BCC will probably stay around for long time, even after all the initial cluster fuck and future ones, I predict there will be major bugs and problems with the BCC network, but it will continue operating for long time.

Also more fork like this one will be made, Bitcoin SegWit2X is the next in line, prepare yourself for more free money. :D

what you said could be true before the fork, because people would buy bitcoin to have free bicoin cash, but now i can't see this happen anymore, they can buy directly bitcoin cash using USD now, so bitcoin is not even needed to buy bitcoin cash, but if you talk as a hype maybe yes

You are absolutely correct mate, I greed to you that bitcoin will go down only if the their users will shift into BCC but like what I am expecting to be happen it not happen, still almost or majority of bitcoin believers supported bitcoin in the end. Meaning, bitcoin still prevail in the market platform in different exchange.

That was Jeff Berwick saying that. I also said the video the other day. Im pretty sure he is now another guy under the Roger Ver-Bitmain paycheck to try to legimitize BCash in any way shape or form. It's ridiculous to think you can create free money out of nowhere. This scam will fall hard once exchanges allow people to dump.

It's just a pump and dump channel mostly, that's what Jeff Berwick does. It's ironic he calls himself Dollar Vigilante, when all he wants is to make more dollars pumping shitcoins.

I think it has already helped the BTC price increase, prior to all this Aug 1st hype many people knew what would probably happen to BTC and they bought in advance of that date so they would have the equivalent amount of BCC I don't think it will help it anymore then that. Unless maybe people sell the BCC and put it back into BTC which is always possible the smarter move would be LTC. IMHO  :o :o

BCC has so far produced 37 blocks. And two thirds of the extracted blocks belong to an unknown miner. Judging by his course, he will not be able to compete with the orienal bitcoin. And bitcoin in the meantime reached its peak - $ 2,760 and, apparently, will grow further.

In time this theme will develop and increase, of course.

Why do you think that bitcoin cash is going to help in anyway or form the price of bitcoin, in fact it is the complete opposite, bitcoin cash is a direct rival of bitcoin and if anything is looking to destroy and overtake bitcoin, that is never going to happen, but what else could the miners that created this coin be aiming for? Fortunately for us bitcoin is going to destroy bitcoin cash in the next weeks.

Well I guess people don't want to abandon bitcoin after all because nothing happened to bitcoin after the fork. They said that bitcoin price will go down but did not, so my conclusion is bitcoin supporters had already build a strong foundation and trust on bitcoin capability.

well in some ways maybe there's some explanation out from those who created this bcc but in terms of value i'm not seeing any help aside from hyping it right
now due to mistakes of those panic holders who sold their btc before aug 1 now we seen that more people who still believes that no one can replace btc are working around and making this huge pumped.

its never can possible.

This is the thing on most people do really speculate about the price in times of fork which they do always keeping on saying that the price of bitcoin would dump but the truth the price isnt really be affected at all and instead of dumping the price it stabilize and now its start to climb up as of now if we do see the price of bitcoin.

Because in current still not have any reason can make the price of Bitcoin falling down, if it flash crash not reasonable the trader on market will take advantage this situation buying Bitcoin before whales and big boy do that.

I think all altcoins released helped market cap to get bigger, so indirectly helped bitcoin. My answer is: yes it helped a bit.

ofcourse it will help. all BCC moneys coming back to bitcoin. we will see that clearly in a few days.

Bitcoin cash facing tough correction down to $200 region
https://www.coingecko.com/en/price_charts/bitcoin-cash/usd
Would you use $200 to buy a BCH or an ETH?

You do have to understand that this is a completely separate coin and actually has very little to do with Bitcoin itself. So in that vein, most all coins that are traded on an exchange help Bitcoin out a little bit. It's simply from the fact that most people bring Fiat into the exchange , switch to bitcoin and then do their trading then back to bitcoin and then back to Fiat. So that little bit of traffic to goes through Bitcoin helps it out to a certain degree.

Hello,
After hardfork BCC has been separated from bitcoin, so in my opinion BCC does not affect the price of BTC.
The presence of BCC in the crypto world does not affect much against other altcoins.
If the use of bitcoin increases and the number of transactions exceeds the block capacity. I think harfdfork will happen again.

But I think the presence of BCC has create new marketcap for total marketcap of cryptocurrency, so after the price of Bitcoin Cash falldown in past day, maybe is the transfer marketcap from BCC to Bitcoin is possible, because I have checked and not see the withdrawal from trader on market until today.

It helps to increase the value but indirectly. Bitcoin cash is not bitcoin, the only thing that makes it overrated is the name, just the same with Ethereum and Ethereum Classic, this is an useless coin only that people bought it because it is like an ethereum.
All money in BCC comes back into Bitcoin if people sold it and convert into btc, so yes, the volume and the value keeps increasing.
By the way, bitcoin is always in uptrend so no matter what happens, it will always go up, and we are seeing it since 2010

Thats true bitcoin cash is not bitcoin so I dont think BCC helping to increase the bitcoin value. As of today bitcoin is continuously keep increasing even without other altcoin or this bcc existence even before it has its own uptrend value. So this means many has been supporting bitcoin until today with the huge pumped happen.

Yes the uptrend now is all because of bitcoin, nothing more and nothing less.
Bch or bcc or whatever they call it has nothing to do with this, if people dump their coins right now that is because they believing that the price will soon be worthless. Bitcoin's price now is insanely rising because of the hardfork that happened as a result of this many investors trusted enough and buy more bitcoin.

Not really. It's because some of Investor and traders only wants to DUMP the BCC/BCH/Bitcoin Cash right after getting it. As you can see the value of bitcoin cash crashes below $200 and they see it as altcoin. Maybe in the future the value may increase.

I hope so but BCC has nothing to do with bitcoins’ increased value. They don’t have the potential of dumping or pumping bitcoins. Bitcoins are the leaders of the coins and are currently ruling the world. Yep, at present people are dumping bitcoin cash speedily which is in turn decreasing its value.

I really hope that Segwit2X does not happen, if we did not had enough confusion with 2 bitcoins then we are going to get another bitcoin for a total of 3, also if all those miners really make that hard fork then Segwit2x has the potential to be a much larger rival than BCH, many people will be doubtful about what to do in that instance, I think the original chain will prevail but it is not going to be as easy.

I don't think so but in my opinion both bitcoin and bitcoin cash are rival. Because BCC will appear after segwit and separation of two coins will gives large impact into cryto currency industry. And I think separation of both coins was give good effect to bitcoin, because their price is continuously raising up

Won't affect at all. Most transactions are btc/bcc, so no effect on demand or supply of Bitcoin. And the volume is too low anyway

Yes.
It is clear. It shows us no matter what the next fork, just stick to BTC.
New coin can be switcehd to BTC, it ll make BTC price higher.

There  would be no rival since the interest of community on Bitcoin cash had already been diminished and knowing the actual usage of BCH there still lots of problems regarding on confirmation times and it would really still need some fix which people do already decide to dump all of their BCC and switch or convert it to bitcoin and other coins.It does possible affected the price of bitcoin as we can see as of now.

Can someone please explain to me why is it "BCC" and "BCH" is it the same thing??
I just haven't been following along like a good student in class as I have had many things going the last few week.
TIA
and sorry for my stupidity ::) ??? ???

+1

I just checked my stock market, and there is BCH and BCC separated. BCC 0.9BTC, BCH 0.11. BCH is growing, while BCC is doing big nothing.

See the facts that happen now, seems yes. As if BCC had pushed bitcoin to rise higher. Because bitcoin prices continue to soar since the issue of BCC outstanding.

Have many choice for the scenario control the price of crypto on market, whales are people understand the mentality of trader and they know the reason make trader panic selling. So, they can find new rival for make the price of Bitcoin falldown if they want.

I do not think we can say that bitcoin cash increases the value of bitcoin indirectly, if there was not bitcoin cash everyone will be buying it instead of having to go through all the trouble of converting their bitcoin cash into other coins, I think bitcoin cash is slowing down the growth of bitcoin and this is why I think we need to get rid of that altcoin as fast as possible.