Bitcoin Forum

I have my BCC ready in Bittex for selling but when I was checking the BitcoinCash community, they were all very optimistic about the chances of BitcoinCash to become one of the most successful coins in the world of cryptocurrencies.

Now I am thinking of holding them instead. I want to know what would you do? Hold or sell, and why?

LOL, your subject has nothing to do with your question, what the hell ;D

kidding aside, if by bitcoincash community you mean the infamous /r/btc then of course they are saying "to da moon". like any other altcoin board says when they are bag holding. and in this case have some additional agenda of take over.

as for price, it is hard to tell. we saw the initial dump from those who were more tech-savvy, or risk-takers who took the risk of installing an untested BCC wallet.
but there is still a huge wave of people who have no idea what to do and how to dump, ... so the risk will always be there as soon as someone introduces an easy to use and safe way of doing it.

my speculation is that the BCC price won't make any major movement for at least a couple of months. near SegWit2x if the core devs continue their denying of block size rise then BCC may have a big pump. specially because miners will switch there without a doubt if they can't get 2 MB blocks here.

Maybe if you named the title "are you a pro-Core, pro-Segwit small blocker" ?

Your pool is a little...biased the way it is written.

I can't see btc/bcc moving much in the incoming months.

Maybe if btc reaches $10k by the end of year(higly likely, in my opinion)

Why do you think the price of BCH is driven by the price of BTC?

The only logical correlation is that if Bitcoin goes down Bitcoin Cash could go up. But other than that Bitcoin Cash's appreciation will have to be driven on its own merit as an alternative crypto currency.


I'm not a Bitcoin Cash hater, but they should really get their own destination in the Universe.

I hope that BCH does well ONLY if it can offer a unique and complementary value to Bitcoin. They need to exist in parallel, not in competition.

You asked the BitcoinCash community if they were optimistic about BitcoinCash, and you were surprised to find that they are?
Don't go to the Altcoin section on BCT, you will be broke within a few minutes!

Most people are bullish about what they own, that is why they own it. They are often full of sh!t too, as soon as they sell, suddenly they don't care anymore and often start trashing their old investment.

You have to form your own opinion. I thought that 0.2btc would be far too high for BCH, and that 0.05btc would be too low. I got out at 0.14, but might buy back in if the price falls back to 0.05.

right now BCC (BCH) market is very small and despite all the sell pressure it is easily getting manipulated and swings around. I have been enjoying the profit that it gives me so far, I've transferred some coins to bittrex in addition to what I already had before Aug 1st to get the BCC and I have been trading it in the past 8-9 days. I don't have any hopes for it to go to $1000 though. it most probably will continue fluctuating like this and give us profit until the regular users can finally get their hands on their BCC tokens and dump them, that's when real crash happens and it would be tough to go to $1000 from there.

You should put your allegiances aside and put your greedhead hat on.

BCH, or whatever it is, is going to have a smaller supply than BTC no matter what. Plenty of people will be too stupid or lazy to claim it. Others will have sold straight into the hands of pumpers already and will do so again when Poloniex and Coinbase release them.

If it's a pure alt, and it is, then it's inevitably going to become a whale toy like all the others. On top of that it comes with the big block agenda baked in and at least a few of them have very deep pockets and the hunger to scare BTC.

A super pump is inevitable in my opinion. Selling at this price level is fine for something that cost nothing, but it was created to make a point so sell it when that point is being made.

It'll whipsaw around forever now. The ETH flippening scared enough people, can you imagine how much a whale inspired BCH flippening would make?

And if there's another generalised alt tsunami upwards never forget the classic noob mind set of 'hey, it's Bitcoin but it's CHEAPER. Wow.'

Same here. I am also holding all of my Bitcoin Cash coins. I have studied in detail about Bitcoin Cash, and I think that its future is very bright. I will give it 1 year. If the prices stay below $200 per coin even after that, then I'll dump my coins.

You should hold all your BCC offline in a hardware wallet as a hedge against BTC price crashing. Around November when the hard fork portion of SegWit2X does not happen miners who would like to take over control of bitcoin may just move massive amounts of hashing power to Bitcoin Cash. Time between blocks for Bitcoin will slow more and more till it takes days for a transaction to confirm. Bitcoin Cash will have low fees, quick confirmations and the public may abandon Bitcoin for Bitcoin Cash. Both may exist together for awhile. This is the black swan scenario; hope it does not occur but you should hold your BCC in case it does.

It will increase in value IF it is used to move money. If not, then the price will languish. It's early days at the moment.

Bitcoin's real threat is Ethereum.

Looking at the following chart comparing bitcoin and ethereum transactions, bitcoin has fallen back and more transactions are occuring on the ethereum network:

https://bitinfocharts.com/comparison/transactions-btc-eth.html

Ether is the red line and btc is the blue line - see how the blue line drops sharply and the red line rises.

why there are so many people asking for this ?
do you see etc ?
learn from etc, after they are hard forking, what do you see ? how much value for etc , and what happened to eth after that ?

it will happen to btc as well..

trust me no more then 1/10 bch value to btc

The one and only reason 95% or more of people are in ETH is to make more money. If Bitcoin Cash looks like there'll be more to make expect mass migrations. With the familiarity and FOMO factors it's potentially a much, much more potent threat.

I have sold most of my free bitcoincash quite early but price is still under that price where I have sold mine, However I am still afraid to put anything in BCC because price can get another round of dump to $200. I might buy some of them if price go under  $300 again.

Usually, if someone likes a coin, that person will think it has a bright future.

That said, if you're worried that you might be getting off the rocket by selling your BCC, I'd suggest hedging! You can sell most of it, take profit immediately, but still hold the rest Just In Case it sees major appreciation after all.

If it should go once more below $200 I think there will be lots of traders using this opportuniy. Bcash imo will be a coin driven mostly by lots of speculation, pump and dump schemes.
Although I'm 100% pro core and SegWit, from a traders perspective I'm having an eye on that thing, as many others as well I believe.

I'm holding mine at the moment but I think I'm going to dump them soon. Maybe I'll keep 5 or something but the free money seems too good an opportunity to ignore atm. I don't want to see them fall to below $100 & totally regret not selling so I will probably sell sooner rather than later.

One of the best, wisest posts i have read in weeks.

I just hold any airdropped coins. More than anything, it's just a nuisance to access most of my coins, and not worth the risk of screwing something up. I might miss some quick cash now, but there's a slight chance Bitcoin Cash has a bright future (or at least some pumps, like any other altcoin). As such, I'm doing nothing, and just holding my bitcoins (and my BCC).

I'm no fan of bcash, I hate the idea of it.

Now, I believe it will be pumped prior to the November deadline for 2x.

I think we'll see, 0.13-0.25 to BTC by then.

@3550 $435-837

@5000 $650-1250

So I guess the answer is maybe?

It's possible that BCH will have some more pumps in the future, but eventually it will die, simply because it's a shitcoin with zero innovation. Big blocks is not something new, lots of altcoins have different block sizes, block times, and other minor tweaks. The market has proven that all that stuff doesn't work and can only make the network less secure if it will start hitting transaction cap. Don't listen to hype, don't get investment advice from strangers, study how crypto works to make your own judgement. 95% of big price moves are caused by whales to just fill their own pockets.

Yes it looks that way but the hard decision comes from the question. If I sell now and BitcoinCash goes to $1000 by December while Bitcoin's price stays the same then I would have lost.

But I see that some of the opinions here are more or less the same as mine, and that is to keep holding some for a profit.

I tend to agree with most people on this forum, a huge pump is inevitably coming for BCC I cant say when but like everyone else here I can see the miners switching chains with the snap of their fingers if Core doesn't get onboard with 2MB block scenario.

The core developers cant stop the hardfork, only miners backing out of the agreement can.

And there's a very good chance they will. Segwit was production ready regardless of how anyone feels about it. As far as I can tell no one's seen 2X code yet outside of the little bunch of fellas making it. I don't think miners are bonkers enough to pin all their investments on something so rushed from a bunch of unknowns.

BCH has a good enough price if you want to sell, you could wait a little bit longer if you want to obtain more profits but as soon everyone is able to drop its BCH we are going to see a massive dump in the coin, a dump that I do not think it is going to survive.

Yes, that will only hurt the Chinese miner's investments more. But with BitcoinCash around, maybe they would be willing to let go of Segwit2x and slowly start supporting BCC. I believe both could become successful in their own way and make more people rich in their progression.

we can only hope that people start looking at the "long term profit" instead of what they can earn in a short term at the cost of harming the whole system and worst of all opening way for the competition to become bigger and take the market out of their hands.
we have seen in the past months how the altcoins got pumped and now the only reason some of them are still staying up is because of the problems in bitcoin.

Make your own damn decisions. Don't just let others baby feed you propaganda and BS.

Of course if you asked me i would tell you that bitcoin cash is just an average altcoin with a sizeable airdrop, and most of its value derives from people who hold a lot of bitcoins. But i'm biased as well, everyone is.

If you ask bitcoin cash community what they think about bitcoin cash, of course they are going to say that bitcoin cash is good.

If you want to hold your bitcoin cash, go ahead. I wouldn't do it, but it's your choice. I think the ratio between bitcoin and bitcoin cash will only widen as time passes.

While you are correct the problem is that this has stop being a discussion about the merits of a proposal for a very long time, this is personal, and this is about the miners trying to get control of bitcoin so when seen in that light it makes perfect sense they are willing to take the risk

Nope. I don't buy it. You don't get personal by risking your countless millions of investment and turnover on fire with shittily put together one and zeroes. They may be malicious but I refuse to believe they're that reckless.

Core have officially partitioned themselves. That's hundreds of minds versus a handful and that handful is under serious pressure to knock anything out. It won't be good enough. 

I believe more in Bitcoin and I do not want to Even look towards the double, and I'm concerned about what happened, because the split crypto currency will only go to the detriment of all users.

There is more incentive for the Core developers to keep fighting the hard fork to Segwit2x because the miners are gaining more leverage with BitcoinCash around. They need to keep their control as stewards of the network. If Segwit2x is a success and becomes the main chain, Core is thrown out and left out.

bcash is losing ground vs. Bitcoin.

Clearly the vast majority of Bitcoin users don't give a shit about that trash.

I'd get out while you can before it plummets.

I am afraid we are headed for another hard fork. Jihan Wu and Bitmain, along with BitPay and Coinbase are just a few of the 58 companies that signed the NYA. They seem willing to throw out the Core developers in favor of Jeff Garzik's btc1. I would not bet against Bitmain not following through on their commitment.

Bitmain has already broken the agreement via its proxie viabtc with the bcash hard fork. Clearly Jihan has no honor and I see no reason why any western company should honor the agreement. The question is how bad does Jihan want to replace the core devs, will he kill the golden goose to get his way?

It has already plummeted. It is less than 0.08 BTC, which is quite a drop. A lot of people, even those who do not have confidence in the coin, hope that it could rebound or be pumped. That would be a good time to exit.

so has every other alt including ones that have been around for years.

let's see a stable bitcoin before declaring it dead.

but it certainly is trash no matters what happens.

That would be stupid because the miners might affect the profitability of their mining operations once again. There are rumors that Bitmain is also behind the "unknown miner" in BitcoinCash who is mining at a loss.

Also if it really forks again, what will happen to BitcoinCash? The risk and effort they put in it will be for nothing.

"pro-Core, pro-Segwit", so you are anti-Satoshi? I signed up for Satoshi's Bitcoin, a "P2P electronic cash system". Not a Bitcoin that requires 3rd party permission (lightning network), to transact.

BCash is really the original Bitcoin with simple scaling implemented.

BSegwit is an abomination to me, a centralized elitist altcoin that has very little to do with the original Bitcoin now. Sure it's going up in price all the time, that's cool, but it ain't Bitcoin, it's BSegwit altcoin based on Bitcoin and uses Bitcoin blockchain as its transaction history.

Thanks for your opinion , it's so enlighten for me personally ,
Decentralization is one of important thing that makes bitcoin special as a currency, i feel it ,
And for the records i have sold all my bitcoin cash in my wallet as i don't feel really need it ,
All i need to keep an eye on the real bitcoin , not an altcoin like that one.

Anti-Satoshi? No, I am pro-decentralization and anti-Bitmain. Are you a pro-Bitmain? Are you willing to accept the network to become controlled by a small group of Chinese miners whose real goal is only to make money?

What do you think of Asic Boost? Do you agree with that?

first of all Satoshi created bitcoin, he doesn't control it the decentralized mechanisms and consensus does. and so far all of it is behind SegWit and that means the chain with SegWit is bitcoin and all the rest of them are altcoins and "abominations".

secondly, bitcoin cash with its 8 MB block size is going to cause a lot more problems than it plans on solving. you may see empty blocks, low fees, fast transactions now and feel happy, but that happiness is an illusion the same illusion that altcoin users have and think their altcoin is scalable just because it processes 1/1000 of total daily bitcoin transactions! but in reality their altcion fails as soon as it reaches 1/100 of total daily bitcoin transactions.

And who are the BSegwit miners? oh wait, it's the same Chinese miners, what the hell is your point? Chinese miners mining BCash is suddenly evil, but the same miners mining BSegwit is good? They are actually just switching back and forth between the chains now, because PoW miners have no loyalty, they follow where the profit is.

In the minds of some people, if others do not do as they tell them, these people are evil. I think the miners are just chasing profit, like you and me.

Did I say they were evil? All I said was they are trying to make a profit and does not care about the network. The reason why they do not want Segwit is because the next step will be a layer like Lightning, and an offchain scaling solution like it will be a threat on their profit model.

But we all know some of the Chinese miners have connived together to fork and create BitcoinCash. Good, then everyone is happy. Why keep fighting the people that want small blocks and offchain scaling? We should be at peace.


This thread is about deciding if I should keep my BCC or not. Please stop the hate.