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I kinda ignored it for a while but BCH keeps rising,

So I just hopped onto the Bitcoin Cash train to see where it goes.
It's already above 0.2 BTC

Just hoping to make some quick money, and looking at the volume that keep pumping in I think this is the right decision

https://poloniex.com/exchange/#btc_bch (https://poloniex.com/exchange/#btc_bch)

UPDATE: Mission failed

bitcoin has just had some problems about the transaction fee while bitcoin cash has just succeeded in the 8 mb block. It depends on the users. Right now, they are thinking about which bitcoin is better and how can it support their life. Bitcoin cash can win if the majority of people choose the cheap fee and fast transactions ;) Right now the Korea has the biggest volume in bitcoin cash trading

Let's hope so!

Bitcoin cash takes too much time for confirmation. IS not that bad for it to use for transaction of money as nobody can wait for 3 4 hours to transmit money. what will be purpose of it if it don't transmit quickly ??

Well at least we can now all get our transactions on the same block instead of waiting for the next block if the first one is full.

If Bitcoin is the Boeing 737 then Bitcoin Cash will be the Airbus A380 :)


https://i.ytimg.com/vi/B7LcKhZZLSY/maxresdefault.jpg

Yeah i definitely agree with the fastness of the transaction. BTC has this advantage on BCC

Really? Then why the bigger block size. This does make no sense to me :-\

Reminder that BCH is essentially in the place that BTC used to be, and is highly susceptible to having whales manipulating the value. It isn't exactly easy to see whether or not there is a real market movement going on or if it is mostly whales manipulating the market followed by everyone trying to make money due to the FOMO. It's not bad to make money off of BCH, just don't buy into the meme and think that it is going to be a replacement Bitcoin, which it likely will not be at any point.

Well, those whales must have a lot of money then. Would this even be worth it? Just saw another 4 BTC buy and many 1 BTC buys on Poloniex

It has a bigger block size but most blocks are not utilizing that space right now. Currently blocks get mined faster in BTC so transactions will be confirmed faster.

Be careful about BCH, the recent growth does not look organic and seems like a pump to me. I am still holding onto my BCH and don't plan on trading it at all.

For now bitcoin cash is gaining and increasing its value but its doesn't mean that i can switch into bitcoin cash.. since bitcoin cash still no supported by many merchant and any site.. bitcoin will be still useful except if bitcoin cash can be increase its value and the same as bitcoin value and there are also many merchant and site are accepting bitcoin maybe i can switch to bitcoin cash for now .. just like other said maybe this is a trap.

Well that's kinda true, the confirmation is really a pain in the ass, but as soon as they fix it there would be a lot of demand and it will boost its value more than before, but as long as Bitcoin core is being at the top I don't see any reason for buying Bitcoin cash there is no other purpose than potential investment.

Bitcoin cash is not a stranger, it is btc's brother that has chosen a different approach, actually a different goal: to become a real cash! It is what the name implies too.

SW enthusiasts' focus is security and decentralization with scalability in second or third place. This leads us to a secure and valuable asset, a hedge and not necessarily a cash.

As of decentralization issue, I think both bitcoin and its cash version suffer from their ASIC vulnerability (believe me it is a vulnerability) and it is just about incentives that prevents corporates  from attempting a takeover, say buy shaping a trust or a consortium, it has nothing to do with poor, small miners who are unable to afford for a bandwidth or system upgrade(I afraid such miners do not exist at all), it has nothing to do with small block size.

SW is a brilliant piece of code that solves a lot of vulnerabilities and helps scalability in some degrees and it is  just an unfortunate that it has been understood and implemented as an alternative and not a complement to block size increase.
 
So, I think bcc fills the gap and won't go anywhere other than top 5 cryptos and the recent price surge is a fundamental move and not a game.

SegWit is not brilliant.  It's over-engineered garbage that tries to shoehorn in a (meager) capacity increase without a hard fork,
leading to all kinds of oddities like anyone-can-spend transactions , discardable signatures, modified economic incentives, etc.

It actually introduces new vulnerabilities while not really helping scalability much and possibly even making future on-chain scaling harder.

I am not very much impressed with the idea of Bitcoin cash. However, I am not against it and I am completely aware of the fact that BCC might perform well in the capacity of alt-coin. While speaking about the current situation, I think this is pure speculator's move and I don't think it will reach Bitcoin's level in terms of active users or even in the price. Even there are not many exchanges and BCC has some issues with the confirmation time (I have not used it but one friend of mine had some issue with the BCC transaction period). Considering the whole scenario and potential, I think Bitcoin is far better in such situation (it may sound biased opinion but it is a fact).

Not before merchants replace Bitcoin with Bitcoin Cash. It would make sense though, Bitcoin Cash is meant to be usefull for payments while his little brother Bitcoin to speculative investment.

I completely agree with your opinion. The BCC coin can never become a real competitor to bitcoin. But we will sometimes see the price increase of this coin. Not because it became more popular, but only because of speculation

It is very debatable question about BCC, nobody really understand why it is being pumped so much. Some of us are speculating that it is because of the Korean group that is bringing up this change. As they are getting too much volume pumped into BCC, which looks intentional pump for getting quick profits but no matter what it won't last long. The BCC price can not be modified to that of BTC which has been on the market since a decade now. It has gained popularity and sincerity of the investors but BCC will never come to that level so early.

It is because it offers better fundamental value as a payment system, and because its more profitable to mine at the moment.

Sure, BTC has a larger ecosystem which is why its 4 times as much price, but if BTC does not QUICKLY get its act together, its
going to get replaced.

For traders, its the best time to invest in bitcoin cash. Definitely it will cross 1000 dollars within 3 months. So those who are investing right now in btcc will get more profit. I also read somewhere that bitcoin cash is more profitable to mine than bitcoin and because of that more miners are shifting from bitcoin to bitcoin cash . But I don't think it can be a good competitor for bitcoin.

Its just fast because it is new and there is not much traffic there. There are just a few who are using it and that is why.
Question is who is pumping it?
I am sure they have reasons to why they are doing this. ROI maybe?

Be really careful guys.

However BCH would not be considerable altcoin with the bitcoin. Whenever bitcoin price moves even altcoins value also getting increase in the market place value. I did not expect any altcoin to reach the sky rocket value with bitcoin. That will not be good to me too.

Yeah I don't think BCH is going straight to moon just yet. Bigger block size is good but maybe 8MB is just overkill and just as you said BTC blocks are getting mined faster which gives BTC a major advantage Imo. I think it's best to hold onto BCH, if it's the forked BCH we talking about and not that someone bought some extra BCH.

Bitcoin Crash will not go to the moon.It will go to down the garbage shoot like all the other shit coins using bitcoins name.Bitcoin is known by all over the world and can make any changes at any time to make sure it is competitive so feel free to sell your real bitcoin and be tricked into buying worthless crap backed by scammers.BTW nobody cares what crazy mcafee or ching chong miner does.They are traitors with their china coin.

Here is what I think is happening: they had to wait for the difficulty on bitcoincash to drop before they started the pump. There is another difficulty drop due this weekend.

Now, a high price + low difficulty means that it is more profitable to mine bitcoincash than bitcoin at the moment. Remember that they are both sha-256 coins, and the ASIC miners who mine sha-256 coins have very few choices (only peercoin is also sha-256, the other alts are either scrypts which get mined with graphics cards, or they are POS coins).

Next, when a miner gets their reward of 12.5 coins, they can't spend those newly minted coins till they have 100 confirmations. If we assume a block every 10 minutes, then 100 confirmations is 1000 minutes which about 16 and a half hours. So this pump will continue for at least a week to entice miners - the more they see the price is holding up, the less risk they have of mining as they will reach their 100 confirmations in good time to sell at a good price.

The end game is bitcoincash taking over most of the mining power of bitcoin and replacing it as the main coin. (they obviously need infrastructure too - but they are on most exchanges, Overstock is accepting it, and payment processors like Rocketr are accepting it. That leaves just Coinbase and Bitpay holding out.)

This war has been brewing for a long long time, and the bitcoincash people mean to win.

Out of thin air, Altcoin explodes because....?   Hindenburg Cigar....
New crypto scam market is creating hardfork clonecoins... Free money...with backup up of some "inflatation" investors.
create the illusion of value....and everybody goes FOMO.

Too  bad so much drama gets attention and not all jumped ship to the non hardforked alternative (litecoin)

Although according to many opinion talking about Bitcoin Cash can't go to the moon, I still keep my opinion in next time it will make us surprise again like when the price of Bitcoin Cash reached high than 0.4 BTC/BCC. Chinese trader always choose the way don't have many people predict 8)

Yep, just like an alcoholic can quit drinking anytime he wants to.   He just hasn't wanted to for about 4 years now.  ;D

This thread was started in bitcoin discussion forum and now it is moved here :o

Congrats mods, you are really genius. But seriously, I'm tired of smarties, looking for human beings the weak, fragile, retard, reliable ones ...

First of all, bitcoin cash is a competitor, a proof of concept for one simple improvement which should have been decided and implemented long, long time ago, bitcoiners have a right to follow its story and developments side-by-side with bitcoin at least for a couple of months.

Plus, most of the people have same balances of bcc and btc right now, why do we have to discuss these two in a divergent fashion.  ???

You know what? I'm sick of it, damn, I'll sell out my btc in exchange for bcc right now, damn it, I'm sick of it >:(

The issue of your concern does not move anything the forum is about bitcoin and not any other coin in which BCH is also about. If what you saying is to go by, then you saying discussions about ETH or Dash should also be there. Let the creator or promoters should equally create their own forum where they get to decide what goes on and what not. So selling your BTC for BCC is just a drop of water in the ocean.

Ok I think I'm fucked, it dropped and I've put my stop limit way too low

IM A FOOL

If your hope is just to make some quick money as you mentioned, then bcc or btc does not matter much, invest in bitcoin cash when you feel it will rise. You can't lose anything but money.

It just dropped hard, I left too much space for pullbacks and now I lost a lot of money.
I used to be better a year ago, with small amounts.

Now I'm loosing hard :(

bitcoin cash cant go to the moon. don't buy it.
it has just 3 months to die

Too late  :'( lel

This is not hard drop. It's just fluctuate.  At the moment I am writing this, the price is rising again. And I think BCH have future.

can they afford to keep the price pumped until more miners get on board?

bitcoin miners ain't exactly like alt guys with gpus in their basements skipping from coin to coin. they're lumbering industrial operations.

they've also been around the block and they'll know perfectly well that someone is attempting to lure them.

bcash'll need to be right up there for months to be taken seriously, not just one stupid pump.

It's already sold because of stop-limit

LOL, don't let the volatility of market make you regret soon like now.
In three months ago, I have invested to Monaco and it has dumped -300% after one week listed Bittrex exchange.
But look at the price now or highest price in this month, can you understand patience very important?

The thing is I don't have a lot of money for trading cuz my parents don't like it.
I don't have a lot of patience for small amounts because it isn't worth.
I need at least a few thousand. if I have let's say 5000$ it would be worth it to have 1 percent.
So I'm taking big risks for this reason.

overextended - check.

impatient - check.

emotional - check.


all of those things make you the worst possible trader. you're gonna get eaten alive. step back, learn more and don't bet the farm on anything.

Well yeah, I'm only 19 and want too much too fast I guess. It's hard to get a job for now.
Putting me under pressure because I want to get out of my parents house which is the emo side of things

everybody says bitcoin cash will die. i dont thin so. just wait and see! :)

Anyone a legit way to make BTC? All those stupid faucets are worthless.

if you take the time to get a better feel for things and also make some long term investments alongside trading instead of throwing everything all at once at it you'll wind up far better off.

lifestyle pressure is the last thing that should be informing trading decisions.

the guys who really make bank are the unemotional ones.

You missed the train i feel it wont go far 0.2 BTC it always crash around 0.2 BTC, looks like pump and dump scheme to me too, better stay away to that altcoin, youll lose more if you keep following.

I was staying away from it, but I saw it was getting "serious".
So yeah my bad :-\

I think they are pumping BCH to get the more attraction of people don't loose your bitcoins to get little profit. BCH is just an altcoin and it can never replace bitcoins they want to get attention of investors and when investors invest into BCH the whales will start dumping their BCH and most investors will loose their money but it is good time to sell your BCH if you have hold it till now and get some good profit.

If you saw the price today it went over 0.224 BTC and i did sell all my coins at that price and i am happy with it for grabbing some free money which i got from the split and i am now waiting for the price to go down so that i could get some later and i hope it will pump up further because i see some interest in bitcoin cash from the Asian market.

i'll wait for BCH to dump, hope it will be soon

LOL Good story

BCH Is gonna die once ViaBTC gets off his high horse. I don't think Satoshi would appreciate what he's doing either by ripping this community apart. We could be all celebrating $5K BITCOIN (CLASSIC OR CASH OR WHATEVER) b/c it wasn't from a centralized bank! But now we're arguing over block size. Good job guys surely this won't alienate all those in the community who aren't tech savvy and the millions of folks that aren't tech savvy and haven't adopted yet!

Bottomline, the market will decide who wins and loses with BTC and BCH I just hope the fuckers looking to hard fork bitcoin in November stop spiting this community further. It won't survive X number of splits...

Was just looking to get some more BTC, I only have a Bitcoin wallet at Blockchain.info.
Sad thing Blockchain.info is the only true cryptocurrency wallet.
All others are scam/centralized as far as online wallets go.

Other good wallets are Electrum and stuff but I can't do that on my tablet

So Bitcoin is the only currency I'm trying to get now

Well you only lose when you sell,why don't you just wait and hold it
Experienced trader will never sell if the coin still have hope in the future

Do people have any idea of how centralized this thing is? I mean, if it becomes the number one it's over.

no one seems to be interested in talking about that. it's an inconvenient little fact.

it's almost certainly the most centralised coin in the top 20 or more likely 500 on coinmarketcap.

i'm kinda disgusted with the crypto scene right now.

I really agree with you, it seems they only want a big whale in their storm, if they get it, they will start a new game in the trade, because they start popping up in the market, they give you a high price. As it is now, maybe in the next few days or this week it will go down with the lowest price for this trade, so start thinking long to start this trade, because if you keep it for a long time you will incur big losses, in this trade in the future.

It is not just another altcoin. What are you talking about? It is a chain fork, the first bitcoin fork, and this fork is about scalability, the most crucial and controversial topic in the camp for the last few years.

Please, let people who decide about such maneuvers, talk about their ownership rights, with their own signature, the only thing they have actually rights in.

It isn't really a question of whether it's centralised of decentralised. Cryptos gain their value from monetary function.

If you look back at how money "forked" in the last 2000 years you can see how this all plays out because the same two monetary priorities manifest themselves: 1. store of value  and 2. liquidity

Gold nuggets have held their value to this day but were not too great for carrying around in your pocket. So, cash parallels such as metal coins gained value by virtue of adding portability as a property to certain lesser valued monetary media such as silver and nickel.

The projection of this legacy onto modern cryptocurrencies doesn't arrive at Bitcoin Cash but......Dash. Because all BCC does is fork Bitcoin into a dead end by upping the blocksize which is kind of like shrinking the size of the gold nugget so it fits in your pocket.

Dash on the other hand makes the proper leap to a 'cash' paradigm by addressing all aspects of the crypto monetary medium that pertain to portability without compromising its capacity to store value. In particular:

 • it addresses fungibility shortfalls by continuously recycling the coin supply without compromising blockchain transparency (which a true cash archetype does and BCC does not)

 • it addresses the security deficiency (https://bitcointalk.org/index.php?topic=421615.msg13328511#msg13328511) at the front end of the confirmation cycle so that 0-conf's are safe for merchants (which a true cash archetype does and BCC does not)

 • it supports the decentralised equivalant of an SLA (service level agreement) for aspects of network performance levels by guaranteeing minimum hardware platforms

 • it does not rely on external commercial interests (such as banks or venture capitalists) to support its development but structures the blockchain rewards such as to prioritise the monetary value of the token over the equity value of any particular stakeholder

 • it correctly recognises that off-chain scaling only leads to increased on-chain capacity demand and therefore addresses on-chain scaling as a priority (which BCC does not other than increasing the blocksize which is not a comprehensive solution)

You should not invest on it very fast you should have first think many times having the fact that its on pump that time and then when you see it dumping you shols should have not panic and sell even you know you would lose you must be patient and wait for it to atleast recover the price before. Trading is a risky activity you need to study it first before putting huge amount.

We all want a cheap fee and fast transactions, and this is the reason Bitcoincash is gaining ground but we'll see in the next two months hopefully people still think that Bitcoincash is just another altcoin I reserve my opinion on this until all are settled.

just remember when the price is down, its always recover and increase soon at least the price will be back to the price before. right now, bch is down until 0.18 btc and i think its only correction before the price back normal again. make sure that if you want to buy, check the price and see the history trade in the market then make your buy price order and don't use instant buy because the price can be down or up in just a second.

There are other issues such as security,with all hashrate concentrated on an  miner not very convincing after all,but in spite of everything it is still too early to have another opinion.

Remember we have many altcoin can solve issue about cheap fee and fast transaction, why do not choose Ripple, Stellar, Digibyte are best altcoin about this function? For me, it just trap reason make Bitcoin Cash increasing.

As many people are saying and it is shown in the buyings of some BTC for BCH, this looks like whales feeding BCH, thats why the increasing price, and fast. Around two days and 200$ up. It might be like any other pumping and dumping situation, or there are serious whales around, that want to make BCH the most valuable between bitcoins. Let's see how BCH moves in the market in this last days of the market.

Too many sellers who got free coins.Very risky to buy this now.I think it may go down very far even below .06 btc before any recovering.

We tried to tell you (or at least anyone worth listening to): Do not go into hardforks or you risk lossing all of your real BTC.

Now you are realizing that BCC is just a toy for miners to play with, look at how stupid the difficulty and hashrate looks on this thing:

http://fork.lol/

BCash takes a vacation ever 3 days, this thing is just not serious.

And now the segwit2x scammers will try to get people forking into 3 BTCs.

Bcash is really just a pump and dump scam. It got zero real world applications. But it got a fair distribution and some crazy people are backing it. You will probably be able to sell back your bcashs higher later. But it might go down much lower before that happens.

we cant say anything before the actual btc fork on autumn.But it has to be rise day by day like other main altcoins/eth ltc )

I don't see how bitcoin cash can survive. I think a lot of people got tricked into buying BCH with blabla about big blocks. Be carefull with news source bitcoin.com because of biassed (pro bch) info.

Some big whales put a lot of money in BCH to make it rise first and now they are slowly selling their BCH so that the price will not drop to hard.
WIth the dropped price the mining for BCH becomes more uninteresting which makes BCH vulnerable for very slow block rates when difficulty is high.

Only by tricking the difficulty into low values (using some EDA bug) the miners are trying to get as much BCH they can get to make a quick buck. Generating more BCH and more push to lower BCH price.

Let's hope this BCH thing crashes asap.

so any theories why volumes are so low and the price is so steady? i find it kinda weird. i would've thought wave after wave of new coins would be changing hands as more people figure it out.

Price is dropping because there are some people who still want to profit from their free BCH.
On the other hand, there are some people who believe the coin will hit triple digits (someday).
Still unpredictable, unless you have some fun money to play the swings, just grab a popcorn and watch the chart.