Bitcoin Forum

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 ???

I don't know, but the minimum transaction fee using my bitcoin Xapo wallet is 6 dollars!  <----That sucks so I've been doing very few small transactions....bitcoin is more expensive to use than VISA and that can't be a good thing.  I think things are precarious, right at the moment, to say the least!

I think that BTC will not get killed by BCC. Because nobody know about this in the real life. Bitcoin is more popular and the ppl even dont trust BTC. So why they should trust BCC ?

What's the difference between BCC and BCH?    8)

Though I agree with the fact that BCC is modified and updated version of BTC but still it is unable to get that much attention and value as bitcoin have. Bitcoin is still the best of all and will always be in the future, the trust of bitcoin users make it more stable and most popular of all.

Just research "difficulty adjustment". It's all like it should be. Like now, the coin is being ripped by every miner , because profitable, won't last long.

The only strange thing is the buying pressure, can't be only noobs and viabtc...

Altough it's true that BCC has more features than BTC , it still didn't get any attention from non crypto related people.It took a lot of time for even Bitcoin.So in a long term BCC can surpass BTC but it doesn't have much chance from my point of view.

Yes, it will due to death spiral:

http://bitcoinandtheblockchain.blogspot.co.nz/2017/08/chain-death-spiral-fatal-bitcoin.html

Here is how it goes:

BCC's difficulty adjusts more often than BTC's difficulty.
When BCC adjusts down, miners jump on BCC to make profits until BCC adjusts up. Then BTC is more profitable, they go back to BTC.
In the meantime BTC has slowed down a lot.
The only way to kill permanently BTC is: BCC pumps and BTC crash together, when BCC's difficulty adjusts upwards, it's still more profitable to mine BCC.
BTC slowed down inexorably.
BCC takes the place of BTC.

All that matters is demand, if there's demand miners will switch and remain, otherwise they are just raping the coin as usual

There is no way whatsoever that Bitcoin Cash kills Bitcoin. That is all FUD created by a small group of miners that control under 10% of the hashrate of Bitcoin (formerly) and want to make you think this is the "new Bitcoin". Don't fall for it, people!

If the miners move to mine BCC, because of difficulty, then I don't see any serious businessman doing that sacrificing difficulty for profitability. Miners are in business to make profit and not to have it smooth because the smooth ways does not pay the bills and in this case, so far profitability is constant, then I see the miner keeping their business and if that is anything to go by, then when another fork happen they should also switch because of simplicity in mining.

This is fully bullshit talking ever! Bitcoin world's first decentrilized digital accet, a big market cap. After the fork I usually have been heard something like this, but no strong point behind it.

It doesn't look to me like hash rate has dropped that much for BTC.

But indeed, I think that's what may happen here. I think after the next BTC difficulty readjustment (this week), Bitmain may start withdrawing its hash power from BTC to BCH. This will cause long block times and network instability for BTC, and will give the appearance that BCH is being adopted and that miners are reacting to market demand.

It may all blow over, but it could get bloody. I'm really not sure. ???

Times without number this issue has been discussed and the final conclusion, has been that there is no way its going to happen, either because of price or mining difficulty or even the speed of transaction because by the time the impending hard fork will be happening then all the attention BCC is getting will be divided while bitcoin will remain strong.

Do not fear those miners will come back mining bitcoin when they have had enough profit from mining bitcoincash. Bitcoincash will probably not kill bitcoin soon since many people still use it despite having bitcoincash. Only a few people use bitcoincash for transaction purposes. The rest are just there to gain more profit out of bitcoincash because it is very profitable to mine and short trade atm.

Miners can mine whatever the hell they want with their hardware as long as it's profitable. That's the key word. If it's not, then they move to another coin to gain more and more money. As simple as that. I don't see any major problem in here since I don't see a large demand for BCH as of this moment. If the miners are already done on dumping the coins, see where BCH lands.


If it continues like this, difficulty will go down and miners will come back to reap the small time frame of profitability for bitcoin. It's not as if they would switch mining BCH since it's always profitable.


If you are quite sure that BCH is now leading the scene then why transfer your assets into a rather weak one? ::)

How is it bullshit? Check the math and you will see this is very real and taking place like...right now.


Black Swans happen exactly when you anticipate them the least you know.


Cope.

It is currently 75.6% more profitable to mine on the Bitcoin Cash blockchain.

Anyone with a right mind can't think that is possible. I mean come one, BCC is just copy/paste of Bitcoin code with changed configuration file, now can a copy ever be better than the original ?

What are you saying?

Do you understand mathematics, game theory and mining difficulty at all?

This is a very realistic scenario. Don't put your head in sand and look here:

http://fork.lol/pow/hashrate

https://cash.coin.dance/blocks

That is not good news.

But the thing it is happening. If the miners switch to these digital currency, many more will follow. It is a high profit to mine so I will not be surprised if they do.
I think if the bitcoin caah become more popular and valuable than bitcoin, I think Satoshi's coin is really good than bitcoin that we commonly used right now.

Yep, people are pretending to be blind, because this would be too extreme if it happened. Not sure if cryptocurrencies would recover.

I think there is no way that bitcoin cash does this. Simply if bitcoin cash price goes up, this happens because miners earn more profit by mining bitcoin cash. If it's get more valuable miners will head to bitcoin again. Bitcoin cash has no special feature for itself, it's just a clone of bitcoin. Why should people trust it?

well, the original is segwited, which sound more like a copy with added 'jacket', the original has disappeared!

I don't think that would happen, let's be honest BCC is an alternative coin no one could replace the original bitcoin.

Basically, bitcoin will not be killed by bitcoin cash. They are not the same, bitcoin have a different characteristics compare to BCC.

We all know that it won't happen, but we don't need to ignore the possibilities of that happening.

Bitcoin Cash' is easier to mine, they are attracting more miners to cone to their digital currency. I just hope the miners are the only one they can attract, because we commoners, do not like BCC.

No it's not bitcoin but it's only xapo who is charging that crazy fee. I mostly use blockchain.info and most of the time the fees are like this, 0.00003 BTC and the highest fee that I ever paid was 0.001 BTC when fork is just on it's way. But right now my highest fee is 0.0003 BTC so this is a big improvement in the part of fees. Don't use xapo anymore.

Why do people keep asking if BCash will take over for BTC? It is just an altcoin with a scam-ish name.

BTC got some issues that need to be improved, but it is the trusted coin almost all around the world. That hold some serious value

if miners switch to bcc then the difficulty on bcc network will rise, difficulty on btc network will drop
then the tx on mempool bcc net will pile up, on btc will be lessen,
bcc tx fee will slowly adjust higher, btc txfee will slowly re-adjust back to lower fee
after awhile the bcc user will feel exactly what they felt before (on btc)... slow & high fee
the 8mb block will help reduce that problem and attract users for use of bcc
but die hard btc users will stay on btc net and enjoy smooth transactions in this scenario

Will Bitcoin (BTC) be killed by BCC soon?
I would say no, but bcc could probably get some popularity with btc users & new users
hence bcc would be treated as another option for cryptocurrencty like ethereum
but without any significant tech and unique improvement, bcc will slowly be left by common users
as of now bcc is simply btc w/ 8mb block, no new feature such smart contract, dex or anything new
that's only my opinion, for all I know I could have been wrong from the beginning  ::)

That is current situation only. Can you tell me why is BCC better ? Does it have any additional functionality ? Nope. Only reason why it's being mined is because of low difficulty atm. Let me ask you, since you obviously think I'm wrong and BTC will be killed, have you sold all your BTC and bought BCC ?

There is no such thing as Bitcoin getting killed by this replica. I mean they are only fighting for rank not killing each other. By means of killing, I mean they are just racing for the top and not making the other coin disappear for the other coin to triumph. It is not like that. But I don't think BCC might outrank bitcoin in the future.

I don't think it will be "killed". It could get a longer "block time" for some time, that's true. In the (unlikely) case block times became so long that Bitcoin becomes unusable (> 1 hour, for example) there is always the possibility of a hard fork to change the difficulty mechanism.

That would be, however, a big hit for the anti-hard-fork fraction in Core. And it would even perhaps lead to a third chain if some miners continued to support the "old difficulty" chain ... which would surely lead to price turbulences.

But it's not a fatal threat.

That's basically true of any hard fork upgrade. It's just a slight change of consensus rules and copying the UTXO set. So the question then becomes: are all hard forks illegitimate? Was the DAO hard fork illegitimate in ETH? Because the vast majority of the ecosystem accepts the DAO forked network as the "real" Ethereum. :)

Yep thanks for the links.

Bitcoin is selling massively right now.
All the Altcoins at ETH are in the red big time.

ETH is loosing too but the loss is minimized by the money taken out from the altcoin which compensate the dump temporarily.

There are all the elements for a doom day for BTC.  :(

Also yes BCC is better on the paper. It does not have a mining limit and they can adjust the difficulty. It is also more optimized and can process more transactions per min which gives them the flexibility to better adjust the difficulty.
On the long term, BCC is better for miners.

BCC is more profitable for miners. Without enough miners BTC cannot work properly. Remember the 80/20 ratio for the fork? Well we are back to that and see what the market is doing, apparently the traders are anticipating the worse.
The difficulty ratio of BCC will bump 300% soon, but they will re-adjust again and then if too many miners are moving to BCC, it will be the end of BTC. This news alone is enough to take some preventive precautions to insure that our assets are not affected too negatively. People tend to over-reacting.

what do you mean about kill BCC?
BCC just shit coin i dont knwo why many people strongly believe in this coin. Mine is very difficult, I'm sure without being killed one day will die BCC  ::)

from Antpool twitter today:
"AntPool has already launched BCC mining pool for miners.
We will launch a smart BTC mining service that switch from BTC to BCC automatic."

AntPool is the biggest miner for Bitcoin.

[https://twitter.com/AntPoolBITMAIN/status/899543208106926080](https://twitter.com/AntPoolBITMAIN/status/899543208106926080)

BTC can stop working if the miners are moving to BCC for profitability. Which is happening right now.
BTC will not disappear but it will become unusable and technically dead.

Really I dont think that bitcoin  more strong than BCC and more support bcc need more time to be here dont worry bitcoin still strong and will be stronger soon

I don't think that bitcoin will be killed by bitcoin cash because bitcoin cash doesn't have enough amount of user and a strong community to take over bitcoin and bitcoin is already here in the internet for a lot of years and despite all the competitors, bitcoin doesn't show any points that it will be killed by another cryptocurrency. Bitcoin will stay and it will become stronger for the next years and none of the cryptocurrency can take over bitcoin.

not even a million years bcc can killed or overcome bitcoin. it just another alts coin from now on after split with bitcoin. a big dump will be coming after the pump. that my prediction on bcc afterall.

we dont know ... but i know bitcoin is the mother of cryptocurrency

Wow, these guys really are clever as hell. Bitmain covered every angle. It's not Bitmain flexing it's muscles and pointing hash power away from BTC and at BCH, it's just the benevolent pool operator ensuring the highest profitability for all its miners!

This manipulation game goes way deeper than I thought! :P

Exactly. As long as there is demand for BTC, it won't die. The current price drop can be a consequence of the thing OP is saying but it can also be because of something else. We have seen such drops before also, for all we know this was yet another bubble.

I think it is too soon to say BCC can beat down Bitcoin, BCC just started it's journey to crypto world and there are too many people flattering about BCC, but I think it won't have a chance against BTC, the implementation of BTC is widely spread while BCC just begin to make appearance to public, no matter what Bitcoin will stay strong on the top

I do not think so. Bitcoin cash has some features which bitcoin can not have. If you consider bitcoin cash as an altcoin, you will see that it is a very potential altcoin which can be greater than ethereum or litecoin. Bitcoin cash can become a good coin. Well, everything depends on the customers. Let see which coin they will choose

in my opinion,, btc can't be killed,, if more bch miner get their bch, thats mean more bch in the market that can make price of bch decrease.
btc is main crypto.

Bitcoin has been the first one to make it on top. BCC was is still starting. While BCC is revealing itself to many, bitcoin will be known and already know to many inverstors, miners and its community. The foundation of bitcoin is really firm. It has offered a promising future for all of us here so there's no point that any currency or BCC would be able to kill bitcoin.

Welcome to the digital world.

BCH is most of the same code as BTC, sharing same idea and value proposition with some variation. BTC hardliners simply do not seem to get that because of their dogma.

A digital copy of an MP3 file is as good as the original. A digital copy of a program file is as good as the original. Everything in Crypto is just code and a lot of belief that it works.

It is not that one coin kills the other.

If more users see their requirements better represented by another coin then they will change. If a user sees better profitability switching or rebalancing from GOOGL to AAPL stocks then they decide on their own, not the Google or Apple company or the exchange broker. Very same with switching from BTC to BCH or vice versa.

After all: it's the user that decides which coin survives, not the miner.

The miners can make it hard for the users and vice versa, but the user will win at the end - always.

the keyword that OP failed to mention in all his ramblings is temporary
the difficulty is lowered temporarily.
the blocks are being mined faster temporarily.
bitcoin cash is more profitable to mine because of the above 2, temporarily.
the price is higher and pumped temporarily.
the drama that it has caused will last for a short time (temporarily.)

bitcoin price may drop but that will be temporarily.
and since the hashrate for bitcoin has not changed i don't thing anything else about mining "bitcoin" will change though.

I don't think so because as of now BCC market are not that popular and the demand is really not high. Bitcoin also has establish it's market place and as long as people will look for bitcoin and the demand and supply of bitcoin is growing I think no particular cryptocurrency will killed bitcoin.

I agree with you on this and that is where a lot of people will get it wrong and the moment you want to create a coin, just go ahead with it without shinning on the glory of an already established job and that is exactly the situation with all this forks being promoted by group of developers and miners alike.  I hope all this temporary issues can just go off at one so we focus on what matter.

Hash rate seems to be falling in the short term: https://bitcoinwisdom.com/bitcoin/difficulty
But we need more time to see if a significant drop is developing. For now, average block generation time is 10.1 minutes/block.

If Bitcoin Cash has a higher hash rate than Bitcoin, does that make a difference for you? It sounds like it does. I suspect the same is true for many bitcoiners, which means we have some very interesting times ahead of us. Bitmain controls a lot of hash power, and they're the ones backing this hard fork.

Of course they will lower their difficulty because they own the chain and they're the only ones controlling it no one else. they want us to mine it?

OK fine we'll mine and then sell it nothing more should be expected from us. whatever we do it'll be called BCH and not BTC, I don't know why they

Are pushing their luck. the only thing they want is for us to invest and start trading their coin as the main coin in crypto but that's not going to happen.

All the shit talking. Bitcoin Cash is a fucking scam altcoin. It has NO innovation whatsoever (yeah yeah big block and asic cheat). And after that? It has nothing. True, the Chinese really organized a real nice scam here. BCC is altcoin and Bitcoin is Bitcoin. It's if you say Zimbabwe Dollar will takeover/threaten US Dollar. After a year you can buy bitcoin cash for max $10 per coin. Don't say you haven't been warned.

of course they want us to mine it, what else did you think?!!
in order to mine bitcoin you have to buy an ASIC, an who do you think sells ASIC miners? lol
the same people who created bitcoin cash. and the difficutly won't last like this, it will shoot up soon and the price will get dumped hard too.

as far as trading goes, people are going to trade ANYTHING, doesn't matter what it is called it can be bitcoin cash or it can be shitcoin, they will trade the pump and dumps and take the profit in bitcoin in the end.

I don't get what you are saying, though the more the miner get their profit, they will still be doing what makes them earn more, the same as the developer of Bitcoin Cash, as said earlier, they make mining easier so they can earn nore not only in mining but in their franchise, 2 hits in one stone.

Is it beginning to unfold? CASH truly is King I suppose.

There is no difference. It's naming/tickers only.

Interesting topic. I don't think that BCC will overtake BTC in terms of value. We all know that BTC is the father of all cryptocurrency. I just don't see the future wherein people are relying more on BCC than BTC. I mean, it's just weird that people have their eyes most of the time on BCC than on BTC. It's not really realistic for me.

Do you think that all the miners will leave BTC and do you really think that people won’t take it as chance and we will have new miners for BTC? If in Microsoft, somebody leaves for Apple, I am sure thousands are ready to take that one seat. Let them go and old ones will be replaced with new ones. BCC cannot even defeat BTC in its dreams.

i don't think so that every miners will leave to mining bcc than btc because i think there will be many miner is staying for mining btc and they can make huge profit because another miner is leave the pool. but i wonder how much the difficulty and the reward for getting 1 block of bcc? is it the same as btc reward? but i think its the miner choice for what they want to mining because its depend with the hardware that they use and i think if they have big hashrate then i am sure that they will stay with btc.

It is currently 136.2% more profitable to mine on the original chain.

There is a possibility of chain death spiral/black swan event if and only if more than 90% of miners switch and difficulty reset doesn't happen. Now logically miners are profit driven.

1. Majority of miners would switch if and only if Bitcoin Cash block reward is more than Bitcoin block reward. Currently, $4111/$669, 6/1.

2. If not block reward then Bitcoin Cash difficulty should be 6x lower than that of Bitcoin to be profitable to mine.

3. A good number of miners mining on Bitcoin Cash would rapidly increase the difficulty. This just happened. Bitcoin is more profitable to mine now, logically miners switched.

I guess miners are making a good profit switching from one chain to another. Theoretically the chain death spiral seems possible, but practically I don't see it happening, not anytime soon or in future. For something like that to become possible, Bitcoin Cash should have a value more than that of Bitcoin, short-term pumping alone doesn't give a coin any substantial value, maybe temporary and then the crash.

No. Bitcoin will always be there and BCC is just copycat trying to pretend they can replace it's origin. The BCC is just temporary and  basically they are just  hyping it so they can sell their "free" bcc after the split event with a higher price.

I see a future scenario where these pools will move between BCC and BTC depending on the difficulty and the transaction volume. We might see a build-up in the BTC MemPool and the miners will shift back to clean that up and to sweep the fees. They will follow the money and for them it is all about profitability.

If you owned these mining farms, you would also move to the coin that are more profitable to mine. Would you not?

Of course, BCC cannot overtake BTC in terms of value, but I think BTC cannot kill BCC too.
BCC is altcoin which if there having biggest community or big minner will mine it then
BCC will become greater altcoin in the cryptocurrency world.  

The drop in Bitcoin's hash rate hasn't recovered. I don't think it was "miners" (unknown, plural) switching to Bitcoin Cash. I think it was Bitmain. That's why the hash rate isn't recovering now that Bitcoin is more profitable to mine. Bitmain isn't moving its BCH hash rate back to Bitcoin.

That's the piece that's missing from some folks' analysis here. Bitmain has very deep pockets. They were willing to mine BCH out of the gate when it was unprofitable; they'll do it again now. I wonder how long they could prop the market and continue this cycle, though.

I agree BCC is just a temporary currency now and I think those frustrated investors wast making fun to ruin the system of bitcoin had for a past long years. That's actually hyping in order to divert people's mind over it, and also wonder why still there were people whose in doubt against bitcoin for now despite of what we've actually noticed of it's current price in the market. So to say a final conclusion about that, BTC will be as stronger as it is from the previous and it will remain firm of it's foundation.

BCC/BCH is just an agenda by miners. They have incentive to do it for their precious ASICBOOST that is incompatible with segwit. Plus, increasing the blocksize will only make it more centralized. As time goes on, BCC would have a much greater blockchain size, and would limit the number of individual people who could host one. Would you honestly host bitcoin nodes if the blockchain size is 2TB?!?! Only the big companies would have it, making BCC more centralized.

It will not continue. If too much mining power takes place, they will raise the difficulty again. That's part of the game. They lower the difficulty to attract more miners and when there are too many of them, the difficulty raises, so some of them go back to mine BTC again.

looks like it was going to be difficult for the BCC to beat BTC in terms of value, someone was too happy with the BTC that the price was already very clear the movement of the ups and downs, in addition to the BTC can be made the parent of all the coins. I think the less realistic if the BCC will kill BTC is still very difficult.

That may happen in the near future if markets and countries around the world start diverting and accept liquidity with BCH instead of BTC, That is a clear sign of the winner of this war :)

Everything is right but why you are not trying to understand this thing in another way because here bitcoin is bitcoin the king and bitcoin cash is still a altcoin because it has not ease to use by everyone with official Wallet like bitcoin have blockchain.info .
So think in smart way .
And also if you are thinking that people are investing thier money in bitcoin more than what they were making in bitcoin then , it is your misunderstanding because this coin is in its starting phase , so people have craze of investment more and also i am sure that in the future the difficulty of the bitcoin cash will increase like bitcoin .
So here in the both contradiction thinking we should use both coin because we will go through that way which can give more and more profit for us .
So accept currently bitcoin and bitcoin cash as an investment and also for trading .

I do not agree with you, those coins will not kill each other. My reason is simple, coin will dump/ killed just because their supply and demand not worth again in the real market. Most people will leave any coin that not have value and no gain profit. Every coin has a chance to become number one but also dump as trash. How they survive on real market is just because they still have value to giving profit or as an alternative payment. BCC can't kill BTC because every coin has the same source, only BTC. Even BTC sometimes has low price but most people still have trust with that coin. Never lost faith with BTC and have a nice day.

Yeah, we lost a lot of hash power recently. Bitmain consistently continues to push its support of Bitcoin cash and they are profiting while Bitcoin is suffering. I have to give it to them. They are smart. Did you hear about the “auto miner switcher thing” that Antpool launched? This “thing” allows miner to switch between either pools almost immediately. I have heard reports that it actually switches between both pools according to the profitability. Another scheme to make profit! Transaction fees has already risen. I suspect that I was actually paying less for my transaction fee before the hard fork occurred. I am quite confused at the moment as to what is happening. I have continued to trust Bitcoin and the majority of my funds are still in cold storage. If the situation gets any worse, I will be switching all my money to gold. It is far more stable at the moment.

No way, BCC might be a good Altcoin in the future but I see no possibility of BCC surpassing the original BTC. 8)

Impossible, BTC prices will not be replaced by BCC. How could a coin just 1 month old be able to beat a coin that has been a few years at the top. OP might say this because he sees the BCC is currently moving in a positive direction.BTCBTC

People believing that BCash will be able to compete with Bitcoin in the long term are delusional.

BCash is a centralized altcoin, lacking a competent developer community. The current market valuation is an artificial bubble.

I honestly believe that the current trend in BCC is
just that a trend which has yet to be corrected....Downwards.
there is no way with the amount of FIAT etc invested
in BTC that BCC will replace it.

When BTC starts to regain momentum we will see a mass
exodus from BCC.

It's nothing to do with the miners, and large blocks do not equal centralisation, they equal scaling.

The problem right now is that bitcoin fees are too high, you can spend as much as $13 just to send a few hundred dollars. That's way more expensive than the VISA network. There needs to be a way to scale with low fees, and BCH is one method. The other is to use an alt like doge or ether.

Bitcoin has never been designed to be a currency. It was designed to be the equivalent of Gold in the virtual worlds. Otherwise there would have not been mining. Fiat do mine nothing, the money is printed from thin air.
You cannot force a square to enter into a tube.

When people will realize that Bitcoin cannot replace the USD, they will turn to something more adapted.

Bitcoin will stay the gold of crypto, but if the difficulty is too high or if the miners are gone somewhere else, Bitcoin will freeze.

This would not be likely to occur because of the bitcoin will continue to increase with the movement in market trading, I've heard if bitcoin will be designed as digital currencies but if this happens will also affect planning because in it they will switch to something more appropriate and affordable ...

I think Satoshi conceived it as a payment system/currency, but it has evolved differently.

I truly believe an alt will take bitcoin's place. We're already seeing coin exchangers asking people to use another alt to avoid fees. See

https://steemit.com/blocktrades/@blocktrades/bitcoin-transactions-taking-longer-after-segwit-switchover

They're recommending people use litecoin or ethereum, as both can be changed into fiat on most exchanges, without the need to go through bitcoin.

just blurting out stuff without thinking is easy, you can fill the internet with them too. and that is what these links you quote are doing, specially those that are on steemit which they also get paid for putting up bullshit.

think about it a little, how do you use x and y instead of bitcoin?
lets say i want to purchase a game from Valve (steam platform) with bitcoin, how do i use x and y instead of bitcoin? now you see how idiotic people who say use x and y instead of bitcoin sound like ? :D

Blocktrades, who posted that article, has a business much like shapeshift - he changes coins from one to another. He is recommending people change their coins to litecoin or ethereum (which can then be exchanged for fiat on most exchanges) because in the real world, bitcoin fees are eating up their money.

Bitcoin's transaction delays are a problem too - you arn't really going to be able to buy dipsquat on Valve, if you are waiting for your transaction to clear for three days, now are you?

But indeed, I think that's what may happen here. I think after the next BTC difficulty readjustment (this week), Bitmain may start withdrawing its hash power from BTC to BCH. This will cause long block times and network instability for BTC, and will give the appearance that BCH is being adopted and that miners are reacting to market demand.

Bitcoin Cash will never match bitcoin. His current relatively high rate in relation to other altcoys is explained primarily by the artificial support of a small part of the miners. Bitcoin has already become a symbol of gold in the crypto currency and will mainly be used as a long-term investment and its rate will constantly grow because of its limited

If it does take over it could happen very quickly as everything else does in crypto.  I don't think anyone knows for sure one way or the other, they just offer their opinions.

Bitcoin is valuable because it's freaking Bitcoin. When people start to realise that Bitcoin Cash will never be Bitcoin the price should plunge.

I agree. Think BCC scam

Bitcoin cash is comparable with another altcoin but not for the bitcoin, I think that the possibility of bitcoin cash to be the serious competitor for the ethereum and not for the bitcoin. Because the bitcoin cash just fork coin. But in the future people will realize that the bitcoin cash is not valuable crypto.

It will never kill BitCoin. Nothing different that BitCoin, transactions are just as slow if not slower. Block size increasment doesn't really matter if transaction time doesn't change. /thread

Of your statement is very understandable, since BCC is now rising rapidly in the market, I think BCC will not overwhelm BTC, because I think it's still very impossible if it happens, but for the next 3 years it will be reversed, I do not know that.  :)

Yes right, BCC is now the same as other altcoins, and can not be equated with bitcoin, because there are many differences between BCC and BTC, no one knows how the future for BCC or BTC, you are free to comment.  :)

Think they need to hard fork bitcoin cash to fix this screw up:

https://themerkle.com/bitcoin-cash-mining-difficulty-algorithm-can-be-exploited-by-miners/

Hard to pull off a hardfork though while the high price gives miners the incentive to continue taking advantage of the difficulty adjustment bug.

No man, i dont think that can happen, it is impossible.
I know there are a lot of things that people dont like about bitcoin, for example, fees are very high at the moment, today i sent a payment and they charged me a lot of fees.
But that is not the point, bitcoin can not be replaced by their forked coin. It is the same that thinking that Ethereum Classic would replace Ethereum.
That makes no sense.

That's a possible scenario since miners now are switching to Bitcoin Cash (BCC/BCH). Although the biggest supporter here is bitcoin. They can't do anything about it if all miners goes to Bitcoin cash. Means, no miners will confirm transactions for bitcoin. I can't blame them because Bitcoin cash can give 2% more profit than bitcoin plus the potential pump of it. Bitcoin fees now is very high compare to bitcoin cash and more faster. But i don't think Bitcoin cash will replace Bitcoin in just a short period of time. It will never give up easily because of big whales.

I think btc will still be the no.1 for several years, most of people still support btc , about bcc, miners will leave it after it's unprofitable. Miners care profit only,don't care the coin's name they are mining.

Time will tell, hundreds of coins claimed they will beat btc like bcc, BTC is still the leader in this area.

Of course, I agree with you, BTC will still be No 1 because many of people prefer Bitcoin
than other cryptocurrencies. Maybe Bcc will not last long especially to kill Bitcoin , It's impossible.

http://fork.lol/pow/hashrate : the hash rates of btc vs bch have come so close. maybe bch could tumble bitcoin in future

the mining profibility is high for bch , miners are switching to bitcoin cash. who knows what would happen in the future!

That's the real fact about bitcoin and bitcoin cash. They just don't fit in together with the qualities they have got. Those 20% miners might be the one who thought they will contribute to newer technology and will get more profits as compared to bitcoin. But nothing like that happened in reality and bitcoin cash is still in the stage where the popularity is way lot. The unexpected from the expected happened and bitcoin rose like crazy as we saw after hard fork. That's the best example explaining why bitcoin is always best. BCC is far away from reaching the bitcoin it won't kill bitcoin at all.

Yes, it’s possible for BCC to kill BTC, maybe in the next two centuries, but as of now? No way. There is hardly trust, people can’t choose BCC, because they can’t trust it. BTC has proven to be more reliable, but people are still scared of getting into it.

i too have doubt. the hashrates of bch are not stable . miners just yo-yo b/w btc and bch for profit. i don't think bch could kill btc

I agree ... BTC strength is still tough. Proven until now the price is getting better in the market. This proves that the presence of bitcoin is still strong

You are very right, bitcoin seems to still be the king of all the coins in the next few years and very difficult to be dropped by any coins including bcc.