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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: fatlever on October 04, 2017, 11:12:35 AM



Title: BITCOIN CASH is probably DYING
Post by: fatlever on October 04, 2017, 11:12:35 AM
Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.




Title: Re: Bitcoin Cash is probably dying
Post by: Emoclaw on October 04, 2017, 11:15:07 AM
Bitcoin Cash was, from the moment it came out, dead on arrival.
8MB blocks are bound to render running a full node impossible. This has been known from the start and these events now don't help at all.


Title: Re: Bitcoin Cash is probably dying
Post by: Indrawan77 on October 04, 2017, 11:23:46 AM
From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest


Title: Re: Bitcoin Cash is probably dying
Post by: fatlever on October 04, 2017, 12:10:04 PM
This is interesting, do you mind expanding - for the benefit of a newbie, why the larger block size causes a problem?

Large block size leads to centralization.  Bitcoin was intended to be decentralized where anyone could be willing to run a node and help keep a healthy network with lots of nodes which aren't controlled by a few people with a lot of resources and money.  

I just took a quick look where my full node is being run and the Bitcoin data directory is 147GB and in the last couple of days the node has sent 36GB and received 9GB of data.  This blockchain size and specially the bandwidth is already rules out a lot of people even here in the US running a full node.  

Do you really want a future with ony data centers capable of running a full node and a few people controlling the network?  

BCH supporters have no problem with centralization and love the Chinese mining cartel monopoly and their coin Bitcoin Cash.  Even then the same mining group is jumping back and forth gaming the EDA in Bitcoin Cash and making easy money.  Bitcoin Cash claims to be fast like intended but when the miners leave so they can get easy coins when the difficulty drops, a block can take forever.  Then they come back for easy coins and you get a block in minutes.  BCH supporters then say look BCH is so fast and ignore the hours block time when the miners left.  

This is also creating inflation and price drop in BCH coin dumps.  And BCH will be severely impacted by the November fork and further competition for hashrate.  


Title: Re: BITCOIN CASH is probably DYING
Post by: AtheistAKASaneBrain on October 04, 2017, 12:18:04 PM
It was always clear to me that BCash would never get anywhere, but I was too lazy to dump it, so I hope it pumps one last time before the final death, because i don't want to make small gains off this. If they are going to attack us with hardforks, at least we can get good gains with it, so im hoping Roger Ver and Jihad Wu pump the shitcoin one last time then I will dump it hard.


Title: Re: BITCOIN CASH is probably DYING
Post by: Red-Apple on October 04, 2017, 12:33:38 PM
EDA was as stupid as it was needed. and it was obvious from day one that this fork is what miners want. they wanted to make money. it is pretty simple and they have been playing everyone to make that money. even people who were stupidly supporting bitcoin cash were being played by these miners to make them richer.

i don't think it will die this soon though. they still have some deep pockets and lots of manipulation to throw at this.


Title: Re: BITCOIN CASH is probably DYING
Post by: okae on October 04, 2017, 12:39:43 PM
It was always clear to me that BCash would never get anywhere, but I was too lazy to dump it, so I hope it pumps one last time before the final death, because i don't want to make small gains off this. If they are going to attack us with hardforks, at least we can get good gains with it, so im hoping Roger Ver and Jihad Wu pump the shitcoin one last time then I will dump it hard.

Haha, you, like so many people apply the same strategic ;) but don't worry i'm pretty sure that there will be some pump time to time, so people will have more opportunities to dump his coins faster than the speed of light xD, anyway and from my point of view this coin will have no future, looking on who are behind the scenes made me think that, R. Ver and J. Wu....who the hell still believe on those guys?


Title: Re: BITCOIN CASH is probably DYING
Post by: alyssa85 on October 04, 2017, 12:41:04 PM
The main reason the price is dropping is because Bitstamp and Xapo finally released the bitcoincash they owed their members from the August 1st fork.

Unsurprisingly people are selling, and the combination of supply suddenly available and people dumping them forces the price down.


Title: Re: BITCOIN CASH is probably DYING
Post by: bob123 on October 04, 2017, 12:46:19 PM
In my opinion Bitcoin Cash died the Moment it was Born..
8mb blocksize is just too high to have a full node running on a private small pc.
People just used Bitcoin Cash to trade them to get BTC.
BTC Cash might rise One more time.. but this timeframe should be used to dump the coin.


Title: Re: BITCOIN CASH is probably DYING
Post by: European Central Bank on October 04, 2017, 12:48:54 PM
it's gonna carry on going down for now but i don't believe it'll go anywhere. there's much, much more insulting coins that are doing well. it's prime pump fodder and pumpers won't give that up.

let's see what happens with the coinbase coins. that's gonna be a tidal wave.


Title: Re: Bitcoin Cash is probably dying
Post by: joebrook on October 04, 2017, 12:52:22 PM
Bitcoin Cash was, from the moment it came out, dead on arrival.
8MB blocks are bound to render running a full node impossible. This has been known from the start and these events now don't help at all.
Bitcoin Cash actually wasn't all that bad at all, it made some people even richer when their exchanges gave them the free bitcoin cash which they then proceeded to sell to gain money and later used to buy bitcoins. There is nothing as money appearing out of nowhere and that's how bitcoin cash was made.


Title: Re: BITCOIN CASH is probably DYING
Post by: Granxis on October 04, 2017, 12:52:42 PM
I think it's not meaningful to think so negatively, I did not see  huge price drop. The future of bitcoin cash will be in a nicer place.


Title: Re: BITCOIN CASH is probably DYING
Post by: bassong on October 04, 2017, 12:55:34 PM
Hopefully it falls flat on its face and sells below $10, anything under $50 will be a great price to buy in. I wonder if thie price will fall that low.


Title: Re: BITCOIN CASH is probably DYING
Post by: KourtneyK on October 04, 2017, 01:00:30 PM
Bitcoin cash is most likely expected to die. Most traders that have been here for some time around say it is a coin not worth anything in the future. That's why most people dumped them right after they got them from the fork.


Title: Re: BITCOIN CASH is probably DYING
Post by: Andre_Goldman on October 04, 2017, 01:15:56 PM
Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.


I think Bitmain, as hardware manufacturer, is doing a good job (supply chain management, chip energy consumption research etc) doing some analogy[1] in my mind .. I think the problem is that the "free market economy" can become too much unpredictable (reasons for EDA!?) ... I'm not surprised that they like the "Chinese approach to management" ( socialist market economy, or as Germans says "Soziale Marktwirtschaft" ) ...

[1] Centralization Vs descentralization


Title: Re: BITCOIN CASH is probably DYING
Post by: bitcub on October 04, 2017, 01:42:32 PM
Yup, Bitcoin Cash is born to die early. Lols, If I can just margin sell this downto $100 I will hehe. Dont worry guys, another coin will arrive this year. The "Bitcoin Gold" another coin to dump hehe. After the hardfork, we will see a new variant of BTC from our wallets. I think this is not as good as Bitcoin Cash, but we can keep it and dump it once it goes up.


Title: Re: BITCOIN CASH is probably DYING
Post by: fatlever on October 04, 2017, 09:42:50 PM
I think it's not meaningful to think so negatively, I did not see  huge price drop. The future of bitcoin cash will be in a nicer place.

It's produced around a Block Per Minute the last hour.  I think Satoshi intended a block like every 10 minutes.  At a block per minute, that is a lot of coins for miners to dump.  It's dropped almost $50 since I started this thread. 

Approaching the hard fork quite a few BCH holders will want more of the BTC split and sell BCH.  Plus, you have 2 bigger chains to compete with for hashpower.  I know we have a lot of BCH Supporters shilling how BCH is the real BTC and it'll take over but I'd really consider what's happening before you lose more money. 

I mean I don't have a crystal ball but the trend and what's happening do not favor holding BCH. 


Title: Re: Bitcoin Cash is probably dying
Post by: jakezyrus on October 04, 2017, 09:48:18 PM
Bitcoin Cash was, from the moment it came out, dead on arrival.
8MB blocks are bound to render running a full node impossible. This has been known from the start and these events now don't help at all.

lol yeah, and the fame of bitcoin cash is only 1 day since it was born and after that we dont have heard any news anymore on what is happend to bitcoincash now and most people including me are not using or investing it anymore , infact i sell all my bch the day it came out. for sure sooner or later this coin will become obsolete someday.


Title: Re: BITCOIN CASH is probably DYING
Post by: layoutph on October 04, 2017, 09:58:02 PM
True, because it has no support from the community , no merchants are using it, then the price is dropping. Soon the price will be 100usd just a fraction of BTC. Wait for the Nov hardfork, new coin will appear from no where they called it Bitcoin gold.


Title: Re: BITCOIN CASH is probably DYING
Post by: xaxistech on October 04, 2017, 10:00:44 PM
I knew it from the beggining, that is why i dumped my bch just when i received them on my wallet, i sold them at $890/each, so i made a very good bussiness with my bch, i dont understand those people who still believe that the price will be higher than bitcoin, and i saw a lot of them saying that, i never understood if they were kidding or if they said it seriously, dont know yet.


Title: Re: BITCOIN CASH is probably DYING
Post by: Oroplata on October 04, 2017, 10:23:54 PM
What will be the future for Bitcoin Cash after the Bitcoin Gold become officially accepted in the market this coming October 25 and November 1? I think the condition of Bitcoin Cash will become more critical.


Title: Re: BITCOIN CASH is probably DYING
Post by: cryptokangaroo on October 04, 2017, 10:24:27 PM
No, i beg to differ. It is immortal. I have a strong belief in this coin.


Title: Re: BITCOIN CASH is probably DYING
Post by: aoluain on October 04, 2017, 10:29:02 PM
I also liquidated my Bitcoin Cash a while back I didnt believe in it from the
start and made the decision to support Bitcoin.

It is just slowly sliding downwards.


Title: Re: BITCOIN CASH is probably DYING
Post by: ahmedjamal1998 on October 04, 2017, 10:45:35 PM
Well I was never a fan of Bitcoin Cash. I just don't want to start laying out straight out facts as it still has a lot of supporters and a community that can't be neglected.

I  remember days before August when the forum was full of BCH lovers who started to spread that it's gonna replace bitcoin and it's what we truly need etc. etc. And I'm not gonna lie as a start seeing it reach more than $850 was crazy and it actually made me rethink the whole situation but still couldn't accept the 8mb solution.

Looking at the price changes for the past 24 hrs it's the only known coin that dropped that much ! A 10% decrease isn't anything small. But I can see that Zcash got down by 5% as well. So we just shouldn't run into assumptions.

It's either some are starting to lose hope and are selling or whales who invested in the $200 range decided it won't go anywhere better than $400 for them to sell.


Title: Re: BITCOIN CASH is probably DYING
Post by: Zocadas on October 04, 2017, 10:52:20 PM
I will keep BCH at least until November. Dependent from success of Bitcoin upgrade and a next hardfork, BCH could jumpup again and get an important role.


Title: Re: BITCOIN CASH is probably DYING
Post by: asriloni on October 04, 2017, 10:55:56 PM
I also liquidated my Bitcoin Cash a while back I didnt believe in it from the
start and made the decision to support Bitcoin.

It is just slowly sliding downwards.
But it's easy money isn't it? especially if you sell it at the peek of the price, you'll get some load of easy money without doing anything. Maybe it's dying or the price just manipulated by the whales of bitcoin cash, you know who is it. but, bitcoin cash already give the opportunity of earning free money.


Title: Re: BITCOIN CASH is probably DYING
Post by: aintnopassincraze on October 04, 2017, 10:57:42 PM
Seems about right for a coin that was main objective was a greedy group of people breaking apart from an already profitable operation. That is what you get and I saw that coming so I instantly sold the small amount of

BCH or BCC I got. And now we have another fork incoming with Bitcoin Gold? I seriously do not understand how this stuff occurs so quickly and how these people are allowed to do this.


Title: Re: BITCOIN CASH is probably DYING
Post by: muncuss on October 04, 2017, 11:56:32 PM
There are not much support for Bcash, look how many miner mine bcash. with 2x ahead i believ some of its supporter are changing support to 2x.


Title: Re: BITCOIN CASH is probably DYING
Post by: peter0425 on October 05, 2017, 12:33:09 AM
Even before Aug 1 split, a lot of members have been predicting that bitcoin cash will not survived isn't it? And they said that they just want to get those "free coins" and will dump it ASAP. So I'm not surprise to see that BCH is slowly dying. And the miners that said that they will support it in the beginning eventually shift to bitcoin because there's no profit from mining it. And those who are still supporting it, either are trap and can't get out because they don't want to covered their losses and still clinging to the hope that it can still go up in the future or those price manipulators who are just bracing themselves to pump the coin once more and dump it to take their profit if everything falls into places.


Title: Re: BITCOIN CASH is probably DYING
Post by: Yaunfitda on October 05, 2017, 12:37:56 AM
I knew it from the beggining, that is why i dumped my bch just when i received them on my wallet, i sold them at $890/each, so i made a very good bussiness with my bch, i dont understand those people who still believe that the price will be higher than bitcoin, and i saw a lot of them saying that, i never understood if they were kidding or if they said it seriously, dont know yet.


BCH will never reached that status of bitcoin. Glad you dump it already at make a huge profit. Investors are wise not and will not be swayed by just advertisement. They want where the action is, and BCH can't guarantee that to them. So they stick to the reliable bitcoin market that we all love. There are still supporters of BCH though, but let's see how long they are going to hold on it. Its really hard to understood them when all the facts are being laid out to see that BCH is going nowhere.


Title: Re: BITCOIN CASH is probably DYING
Post by: Baofeng on October 05, 2017, 12:46:38 AM
What will be the future for Bitcoin Cash after the Bitcoin Gold become officially accepted in the market this coming October 25 and November 1? I think the condition of Bitcoin Cash will become more critical.

I think that Bitcoin Cash price will really be affected once the November HF took place. So if I'm a holder of Bitcoin Cash, I will get out now and not wait till the price crashes. The future for them is really bleak as there are no support, if there is, its Bitmain only. So there's no doubt that in just a couple of months after the November HF, the price could be around $100. They will have the same price as Bitcoin Gold and will remain behind Bitcoin. And its gonna be difficult for them to even touch $1000. Both of them will die because of no support from the community.


Title: Re: BITCOIN CASH is probably DYING
Post by: Jovovich on October 05, 2017, 01:08:21 AM
What will be the future for Bitcoin Cash after the Bitcoin Gold become officially accepted in the market this coming October 25 and November 1? I think the condition of Bitcoin Cash will become more critical.

I think that Bitcoin Cash price will really be affected once the November HF took place. So if I'm a holder of Bitcoin Cash, I will get out now and not wait till the price crashes. The future for them is really bleak as there are no support, if there is, its Bitmain only. So there's no doubt that in just a couple of months after the November HF, the price could be around $100. They will have the same price as Bitcoin Gold and will remain behind Bitcoin. And its gonna be difficult for them to even touch $1000. Both of them will die because of no support from the community.

So hard forks can just be seen as a short term investment huh? It was nice seeing bcc reach 800$ last month but i guess with features of BCC at 8mb, its becoming harder to mine it. Btc gold might come out different upon release so i guess its better to sell BCC  before its price would go to its lowest state. It's hard to tell how much but surely less people will be in on it.


Title: Re: BITCOIN CASH is probably DYING
Post by: sagarnyc on October 05, 2017, 01:09:14 AM
Once major exchanges accept deposits, you will see a large amount of people sell their bitcoin cash that is currently being stored in paper and hardware wallets.

This being said, bitcoin cash probably will continue to rise in value over time, similar to ethereum classic after the ethereum fork.

I think it will be worth investing in long term but I wouldn't allocate more than you would for bitcoin. If you are investing in bitcoin cash, diversify and also invest in bitcoin!


Title: Re: BITCOIN CASH is probably DYING
Post by: DanWagner on October 05, 2017, 01:21:30 AM
I think the problem with bitcoin cash is that most people don't care about it .

They just got some free money so they will sell it of.


Title: Re: BITCOIN CASH is probably DYING
Post by: yugyug on October 05, 2017, 01:30:45 AM
I see some coincidence here, the banning of bitcoin and IOCs in china was also the birth of BCH and NEO, both of these altcoins came from China, Bitmain the China and the world's largest mining pool and the largest mining hardwares manufacturing company are the number one supporters of BCH. If Mr. Jihan Wu, the CEO of Bitmain has the power to convince the Chinese government to really kick out the bitcoin in China and quickly jump in the BitcoinCash as their official cryptocurrency equivalent to bitcoin, as their infrastructures are quite identical to mine these coins, then BCH comes back to life.It may seems like a  conspiracy but we don't know the real motive of China against Bitcoin, but one thing for sure BCH is the China's big thing.


Title: Re: BITCOIN CASH is probably DYING
Post by: Similificator on October 05, 2017, 02:45:59 AM
From the very first rime i saw BITCOINCASH, i already had a prediction on what will happen to it. Because if you look at the reactions of most of the people in the cryoto world who got a hold of it, they sold their bitcoincash possessions as soon as possible. Only a few held on to their coins. It was clearly overrated. Have already told a friend about this but didn’t listen. Now he is seeing the way i do so he is now thinking of selling his BCH at hand and plan to keep a bit just in case. Which is what i did.


Title: Re: BITCOIN CASH is probably DYING
Post by: Filmmmakerr on October 05, 2017, 02:47:44 AM
True, because it has no support from the community , no merchants are using it, then the price is dropping. Soon the price will be 100usd just a fraction of BTC. Wait for the Nov hardfork, new coin will appear from no where they called it Bitcoin gold.


Exactly, once bitcoin gold arrives people will see that these forks aren't real, no one is using them and no ICO's are accepting them. They have no real value.


Title: Re: BITCOIN CASH is probably DYING
Post by: Shamie1002 on October 07, 2017, 01:36:15 AM
In my own observation, BCC is just like other altcoins. And why would probably other users invest in this kind of altcoins. Trust is very hard to gain and instead of gaining trust of users, they gained negative feedbacks beacuase of the price deflation. So before it was released its already dead or nearly dead. Few invested in the sense that they thought it will replace bitcoin which is impossible to happen because bitcoin is used in general.  Bitcoin as the main commodity and basis of other altcoins.


Title: Re: BITCOIN CASH is probably DYING
Post by: Mpamaegbu on October 07, 2017, 02:16:39 AM

Many holders never realized that BCH was a flash in the pan and all for the money so they still held on to it hoping it would overtake BTC, especially when it skyrocketed to over $800. Many now leak their wounds for still keeping that shitty coin.EDA was a wasted idea. It was obvious from day one that there was a orob with BCH hashing. I also see the same thing happening to the new coin that will be birthed from the November fork.


Title: Re: BITCOIN CASH is probably DYING
Post by: Onika84 on October 07, 2017, 02:23:28 AM
I don't understand technically how its work or related mining term. But as I know, Coinbase will send this coin on January 2018, right? I hope BCH still attracted and get pump after coinbase send it to all users who have BTC before August.

Let we see, a mother never hurt their child.


Title: Re: BITCOIN CASH is probably DYING
Post by: leonair on October 07, 2017, 02:43:37 AM
Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.




People are too smart nowadays and that is a good sign for all of us, we can't now be easily fooled by fake and copy cat identities even though there is some that still gullible in some other thins. Bitcoin Cash is not the original Bitcoin though and imitating the original one is a suicide for me because you just take the shortcut and replicate the whole essence of it with no originality except the name compare to the other coins that offers different platforms in some other way. Some people still support this because they still believe that they will earn from it if its succeed.


Title: Re: BITCOIN CASH is probably DYING
Post by: Casdinyard on October 07, 2017, 04:41:57 AM

Many holders never realized that BCH was a flash in the pan and all for the money so they still held on to it hoping it would overtake BTC, especially when it skyrocketed to over $800. Many now leak their wounds for still keeping that shitty coin.EDA was a wasted idea. It was obvious from day one that there was a orob with BCH hashing. I also see the same thing happening to the new coin that will be birthed from the November fork.

Yeah like I don't know why there are still some that holds their coins as this is a no good coin and this is not worth it to invest and hold.
Good thing as I got mine I easily dumped it as this imitation coin will be just an accessory in my wallet. Then the money I got was used to buy more promising coins.


Title: Re: BITCOIN CASH is probably DYING
Post by: Herbert2020 on October 07, 2017, 05:20:30 AM
when a coin is created by the MINERs you can be sure that these miners will throw hashrate at it as they like and will keep it alive. and it is not dying at all. this altcoin has no usage, even the blocks are completely empty to a point that it looks deserted, but as i said the miners and also some big pockets are behind it and they are keeping it alive.
additionally, it is another altcoin with the name "bitcoin" in it and it is being traded. who doesn't like that?! a good pump and dump coin.
on top of it, with the SegWit2x drama, they are taking full advantage and i even expect a big pump out of it pretty soon.


Title: Re: BITCOIN CASH is probably DYING
Post by: fedoralite on October 07, 2017, 07:04:42 AM
The BCH holder are surely preparing for the upcoming bitcoingold and this could split and make the bitcoin cash go down and we can already see that the volume of it goes down slowly and this maybe affected of the upcoming fork but let see how Bitcoin Cash supporters reacts unto this since we doesn't really know how this support goes.


Title: Re: BITCOIN CASH is probably DYING
Post by: Iyeman on October 07, 2017, 07:12:59 AM
The BCH holder are surely preparing for the upcoming bitcoingold and this could split and make the bitcoin cash go down and we can already see that the volume of it goes down slowly and this maybe affected of the upcoming fork but let see how Bitcoin Cash supporters reacts unto this since we doesn't really know how this support goes.
Because no one doesn't want to get the free bucks just hold your bitcoin in the wallet or hold em all in the exchange site that gives your bitcoin gold in the future. many people are not wanna missing this chance.


Title: Re: BITCOIN CASH is probably DYING
Post by: avp2306 on October 07, 2017, 07:21:21 AM
The BCH holder are surely preparing for the upcoming bitcoingold and this could split and make the bitcoin cash go down and we can already see that the volume of it goes down slowly and this maybe affected of the upcoming fork but let see how Bitcoin Cash supporters reacts unto this since we doesn't really know how this support goes.
Because no one doesn't want to get the free bucks just hold your bitcoin in the wallet or hold em all in the exchange site that gives your bitcoin gold in the future. many people are not wanna missing this chance.

The same scenario will be happen when bitcoin cash coming out and I'm sure that many people are preparing to have some balance to get the opportunity to received some bitcoin gold to their wallets and I don't want to miss the chance also since this is once and there's no second splitted airdrop will be happen again with bitcoin gold.


Title: Re: BITCOIN CASH is probably DYING
Post by: fedoralite on October 07, 2017, 07:24:35 AM
The BCH holder are surely preparing for the upcoming bitcoingold and this could split and make the bitcoin cash go down and we can already see that the volume of it goes down slowly and this maybe affected of the upcoming fork but let see how Bitcoin Cash supporters reacts unto this since we doesn't really know how this support goes.
Because no one doesn't want to get the free bucks just hold your bitcoin in the wallet or hold em all in the exchange site that gives your bitcoin gold in the future. many people are not wanna missing this chance.

Who doesn't want it? People love's free  ;D thats why you could see so many people following for the late Bitcoin Cash.

And many people will surely do the hold and it can affect the main bitcoin's to and expect that the price of it would go soar since many people would love to claim the Bitcoin Gold and I don't want to miss this chance really since for seeing the price of Bitcoin Cash landed on the exchange maybe Bitcoin Gold will be valuable also.


Title: Re: BITCOIN CASH is probably DYING
Post by: Jating on October 07, 2017, 07:32:47 AM
The BCH holder are surely preparing for the upcoming bitcoingold and this could split and make the bitcoin cash go down and we can already see that the volume of it goes down slowly and this maybe affected of the upcoming fork but let see how Bitcoin Cash supporters reacts unto this since we doesn't really know how this support goes.
Because no one doesn't want to get the free bucks just hold your bitcoin in the wallet or hold em all in the exchange site that gives your bitcoin gold in the future. many people are not wanna missing this chance.

The same scenario will be happen when bitcoin cash coming out and I'm sure that many people are preparing to have some balance to get the opportunity to received some bitcoin gold to their wallets and I don't want to miss the chance also since this is once and there's no second splitted airdrop will be happen again with bitcoin gold.

True. The same scenario will played out with Bitcoing Gold. There was a big hype when the incoming Bitcoin Cash was release. A lot of FUD, saying that it is the original "Bitcoin".  So we don't want to miss it, and its a free coin. However, once we get this free coins, it will be dump to the market immediately and most of us will go back to Bitcoin once again. Its really a chance for all of us to get it for free and everybody loves free coins. But it will surely be forgotten like Bitcoin Cash because we favor Bitcoin instead.


Title: Re: BITCOIN CASH is probably DYING
Post by: coinplus on October 07, 2017, 08:40:34 AM
The main reason the price is dropping is because Bitstamp and Xapo finally released the bitcoincash they owed their members from the August 1st fork.

Unsurprisingly people are selling, and the combination of supply suddenly available and people dumping them forces the price down.
Not like I am surprised. What else would you have expected ? And it still balls down to the same thing, no one wants to hold a coin that they do not believe in and obviously the whole community don’t. Maybe we should just dump the whole coin and leave everything in the hands of Jihan and Roger.

The pumps will not help and at the end we will just keep having the same thing happening all over again. At least it gave me some huge profit and I will give them a credit for that. ;D


Title: Re: Bitcoin Cash is probably dying
Post by: futuret on October 07, 2017, 04:01:44 PM
From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest
yeah the main reason is the given as at the start it has suffered a lot from a lot of the rejections. The size of the block is the other issue it has no concern with this. If you want to increase your income from the bitcoin then you will have to keep your eyes open anything can happen anytime. The price keeps on changing and the market will keep on using it.


Title: Re: BITCOIN CASH is probably DYING
Post by: mkhadazz on October 07, 2017, 04:15:17 PM
I don't think like that, and BCH not dying yet. BCH still profitable as a shortterm investment. Grab opportunities that exist inside, better than sitting confused.


Title: Re: BITCOIN CASH is probably DYING
Post by: luffy7 on October 07, 2017, 04:41:20 PM
Its dead from the start. People are fooled by the fake mcap it got from Bitcoin


Title: Re: BITCOIN CASH is probably DYING
Post by: LodisMcguire on October 07, 2017, 05:08:38 PM
There will be another fork,and BCH will be fall soon,people don't have interest in it anymore
Bitcoin will still going strong,even if there is another alt created from bitcoin,people will dump it right away


Title: Re: BITCOIN CASH is probably DYING
Post by: mmortal03 on October 08, 2017, 05:08:39 PM
First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.

+1


Title: Re: BITCOIN CASH is probably DYING
Post by: mmortal03 on October 08, 2017, 05:14:20 PM
The main reason the price is dropping is because Bitstamp and Xapo finally released the bitcoincash they owed their members from the August 1st fork.

And there's still the Coinbase and the Bitcoin Investment Trust (GBTC) BCH sell-offs to come.


Title: Re: BITCOIN CASH is probably DYING
Post by: European Central Bank on October 08, 2017, 05:15:23 PM
whether the s2x fork happens or not is gonna decide bch's fate.

i'm far from convinced it will happen in which case alts will start heading on back up, especially this one.

we're not going to know until much closer to the time. until then it's all hands on deck, or rather jumping off it.


Title: Re: Bitcoin Cash is probably dying
Post by: xFiber on October 08, 2017, 05:19:37 PM
From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest
I don't think that initially was/is the case. I think the majority of people who actively check this forum and engage with the community dumped their bitcoin cash back in august. But think about all those coins that are held in cold storage. A lot of owners don't want to risk their coins just for increasing them by 10%. So I don't think a lot of people have dumped their bitcoin cash yet. But if they did, bitcoin cash would've been completely irrelevant by now.


Title: Re: BITCOIN CASH is probably DYING
Post by: 3DBrushes on October 08, 2017, 05:27:23 PM
There will be another fork,and BCH will be fall soon,people don't have interest in it anymore
Bitcoin will still going strong,even if there is another alt created from bitcoin,people will dump it right away
Yes and that fork will also fail in the long run like Bitcoin cash. There are 2 upcoming forks I think. One is the unprofessional guys doing a fork called bitgold. I don't see any future in that, it's just a waste of time to follow that. It'll be dumped faster than Bitcoin cash.
I still don't know what would happen to s2x fork.


Title: Re: BITCOIN CASH is probably DYING
Post by: olubams on October 08, 2017, 06:21:07 PM
The way I see it, of something drastic is not done to revive the price of BCH, anyone who hasn't been able to claim his BCH or who held on to it would probably might no longer need it again because it will become so worthless and not worth the stress of claiming. With the upcoming fork, I see a massive movement to the new coin but the same fate awaits its too because BCH has created a fork which won't stop anytime soon.


Title: Re: BITCOIN CASH is probably DYING
Post by: faaty on October 08, 2017, 06:35:57 PM
bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.


Title: Re: BITCOIN CASH is probably DYING
Post by: xIIImaL on October 08, 2017, 06:43:00 PM
bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.

Even bitcoin God is the another copy from btc which gonna splitup on upcoming month. This hard fork may pull down the bitcoins value along with the top altcoins cost.
This time fork will pull down the both the btc and alts with huge impact we have to be careful before investing on any coin. BCH was  increasing little some days that time itself I have stated in many threads to don't go for BCH investing.


Title: Re: BITCOIN CASH is probably DYING
Post by: okiefromokc on October 08, 2017, 08:16:58 PM
Going out on a limb... ::)

Bitmain is the primary force behind Bitcoin Cash, and this is because their ASICBOOST technology that gives them a 30% cost savings on power usage.  The ASICBOOST tech does not work with SegWit1 or 2 and their major advantage will be lost.  This is all known and factual evidence presented.  

But here is the twist on my limb, the Chinese government is looking to get a handle on the cryptocurrency rage occurring in China.  The people of China love bitcoin as a store of value, etc.  If bitcoin Cash can hang on thru these multiple HF's and demonstrate that BCH is viable and via the 8mb blocksize is centralized and thus controlled by the Bitmain ASICBOOST, then why not endorse BCH as the national China cryptocurrency.  China is in to government control of the economy and money supply, with their own bitcoin cash that they can easily control, this would be a step into the crypto future for them.

Just some thoughts running thru my mind...  ;D

okie


Title: Re: BITCOIN CASH is probably DYING
Post by: Noxmfs on October 08, 2017, 08:28:18 PM
After all it's just another fork. Who expected a turnover? BTC will always be top1.


Title: Re: BITCOIN CASH is probably DYING
Post by: zypa on October 08, 2017, 08:35:19 PM
Are we safe to short it into oblivion then?


Title: Re: BITCOIN CASH is probably DYING
Post by: BarkingHawk on October 08, 2017, 08:50:43 PM
Good, get that trash out here.  We don't need it.


Title: Re: BITCOIN CASH is probably DYING
Post by: European Central Bank on October 08, 2017, 08:52:38 PM
Are we safe to short it into oblivion then?

has it occurred to you that that's exactly what the deep pockets want you to do? they're boxing the market exactly where they want it to go.

i don't care what happens to it myself but much, much worse coins get ongoing attention from whales.


Title: Re: BITCOIN CASH is probably DYING
Post by: shursight on October 08, 2017, 08:57:23 PM
I remember the day that bitcoin cash had the same volume than Bitcoin, i was a little bit scared that day, but some days after that i released that it happened because a lot of people were dumping their bch, it is never going to recover again to $800, not even $500, it is freezed because only miners are using it, and only a few of them.
I dont even know why it's still on the top five, it is insane, i dont know how it's still have volume.


Title: Re: BITCOIN CASH is probably DYING
Post by: rainbow169 on October 08, 2017, 09:04:30 PM
Bitcoin Cash is created by miners and supported by Miners. It's probably their backup plan should they lost the 2X fight. It looks like the battle for the 2X fork is going to be tight. As there is no Dynamic difficulty adjustment in either proposal, the chain will stall when the hashing power left it. What's core's backup plan? may be bitcoin gold?


Title: Re: BITCOIN CASH is probably DYING
Post by: thepo1m on October 08, 2017, 09:19:13 PM
Bitcoin Cash is dead before arrival, Roger is just trying to flex his influence in the space, but as long as someone is buying it the price will still be good since it is a free money.


Title: Re: BITCOIN CASH is probably DYING
Post by: rebel92 on October 08, 2017, 09:46:05 PM
Bitcoin Cash is created by miners and supported by Miners. It's probably their backup plan should they lost the 2X fight. It looks like the battle for the 2X fork is going to be tight. As there is no Dynamic difficulty adjustment in either proposal, the chain will stall when the hashing power left it. What's core's backup plan? may be bitcoin gold?

Technology is developing fast. the question is what's the fastest, most secure and most cost-effective network? user does not care if he will mine it or not. Bcc is additionally open for everybody to mine, I know it costs more but it won't matter to anyone who wants to be secure and transfer money fast and cheap.


Title: Re: BITCOIN CASH is probably DYING
Post by: happyme1818 on October 08, 2017, 09:56:13 PM
I believe it will stay for a while because it is still traded in by whales. Other shit coins are out there and traded by many. As long as somebody are willing to trade it, but it will not die.


Title: Re: BITCOIN CASH is probably DYING
Post by: SergiuHD on October 08, 2017, 10:03:11 PM
I think Bitcoin Cash will stay in the shadow of Bitcoin, bit will be there. Look at all the other coins that just have Bitcoin in their name and are doing so well.


Title: Re: BITCOIN CASH is probably DYING
Post by: mace15 on October 08, 2017, 10:05:44 PM
I think Bitcoin Cash will stay in the shadow of Bitcoin, bit will be there. Look at all the other coins that just have Bitcoin in their name and are doing so well.
Bitcoin Cash will stay as is, shadow of bitcoin rather. As long there's someone traded in bitcoin cash it will exists, and it will active in the market.


Title: Re: BITCOIN CASH is probably DYING
Post by: lobo13hf on October 08, 2017, 10:18:06 PM
Bitcoin Cash is dead before arrival, Roger is just trying to flex his influence in the space, but as long as someone is buying it the price will still be good since it is a free money.
Roger is nut, bitcoin cash was dying caused by those bitcoin cash holders are interested to get another bitcoin fork just like bitcoin gold, so they try to sell their bitcoin cash as much as they can and try to buy the bitcoin as much as they can to get the more free airdrop token of the bitcoin gpu.


Title: Re: BITCOIN CASH is probably DYING
Post by: fatlever on October 08, 2017, 10:27:16 PM
The way I see it, of something drastic is not done to revive the price of BCH, anyone who hasn't been able to claim his BCH or who held on to it would probably might no longer need it again because it will become so worthless and not worth the stress of claiming. With the upcoming fork, I see a massive movement to the new coin but the same fate awaits its too because BCH has created a fork which won't stop anytime soon.

Bitcoin Cash is dead before arrival, Roger is just trying to flex his influence in the space, but as long as someone is buying it the price will still be good since it is a free money.

Instead of something to drastic save BCH, the some of the biggest advocates of Bitcoin Cash like Roger Ver are now supporting S2X as the real Bitcoin.  Roger Ver had gullible people follow him saying Bitcoin Cash was the Real Bitcoin.  A lot of dummies repeated that, bought BCH and lose and will continue to lose money.  Roger Ver I am sure has made money off that.   Now, Ver and Co. look like they are jumping on the S2X pump train and abandoning BCH  hype.  He has the same people now following him into S2X.

Like I said i the opening post, this is not going to end well for BCH.  Bitcoin Cash has nothing going for it!

  • No developers.
  • No major players supporting it anymore.  
  • More exchanges allowing people to access to dump BCH (They moved to pump S2X)
  • EDA this giving minors a block per minute at times to dump cheap BCH on the markets.  
  • Even the "fast transactions" is a joke because the block per minute becomes hours when the hashpower leaves to game the system and BCH has the slowest transaction time of any crypto in the market.  




Title: Re: BITCOIN CASH is probably DYING
Post by: batang_bitcoin on October 08, 2017, 10:34:16 PM
Bitcoin Cash will stay as is, shadow of bitcoin rather. As long there's someone traded in bitcoin cash it will exists, and it will active in the market.

Yes and the same thing will happen to bitcoin gold so as long as there are trade volumes for this coin the value will still exist and will keep it run in the market. And I doubt it that there are people that will just let this coin die, look on bitmain they are now trying to focus with bitcoin cash and they wanted to make this coin pump some more but we as traders we are into bitcoin for main cryptocurrency.


Title: Re: BITCOIN CASH is probably DYING
Post by: jrobi4life on October 08, 2017, 11:02:38 PM
Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.




I think pretty much any minority fork will just die a slow death unless it is really drastically different.  There are already other alt coins that are technically superior to Bitcoin, BCH and Segwit whichever. Without the brand name of being THE Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Bitcoin Platinum and any other fork that comes out in the long run will just seem like knockoffs.


Title: Re: BITCOIN CASH is probably DYING
Post by: jimrome on October 08, 2017, 11:13:22 PM
bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.
Bitcoin cash and the current fork is entirely different ,if you are holding bitcoin then what is wrong in getting the free coins,it is just easy money without any hurdle and these coins are better than most of the alt coins in the market,so you cannot ignore them simply as fake coins.


Title: Re: BITCOIN CASH is probably DYING
Post by: Teraboy on October 08, 2017, 11:21:39 PM
bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.
Bitcoin cash and the current fork is entirely different ,if you are holding bitcoin then what is wrong in getting the free coins,it is just easy money without any hurdle and these coins are better than most of the alt coins in the market,so you cannot ignore them simply as fake coins.
That's the point, bitcoin cash exist to give us free money as it meant to be, bitcoin cash is just an altcoin that's made for airdrop, and to give benefits for those bitcoin hodlers too.
maybe the bitcoin cash is dying, but damn, i'm happy with the free money.


Title: Re: BITCOIN CASH is probably DYING
Post by: deadmousehat on October 08, 2017, 11:27:58 PM
bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.
that's why i didn't hold bitcoin cash from beginning. I sold it from the first time I don't believe in copy of bitcoin.
and now we have bitcoin gold copy of bitcoin cash? another fake coins


Title: Re: BITCOIN CASH is probably DYING
Post by: btcprospecter on October 08, 2017, 11:42:40 PM
Well that didn't last long then. Did anyone actually have any real hopes it would do well. No wonder so much was dumped on fork day. How can all these other coins really compete with bitcoin.


Title: Re: BITCOIN CASH is probably DYING
Post by: PotatoBlood on October 08, 2017, 11:52:56 PM
https://www.tradingview.com/chart/BCHBTC/2QeAXwYv-True-value-of-Bcash/

says enough :)


Title: Re: BITCOIN CASH is probably DYING
Post by: Pasnik on October 08, 2017, 11:56:40 PM
Well that didn't last long then. Did anyone actually have any real hopes it would do well. No wonder so much was dumped on fork day. How can all these other coins really compete with bitcoin.
In the first place bitcoin cash created I dont buy and hold for it because I can feel that bitcoin cash will not increase the price long. I believe bitcoin cash couldnt compete really in bitcoin as ofcourse bitcoin is the best investment.


Title: Re: BITCOIN CASH is probably DYING
Post by: virtualhero on October 09, 2017, 12:11:43 AM
Bitcoin Cash will not die but it will never surpass bitcoin. It will become a whale's target for pump and dump.


Title: Re: BITCOIN CASH is probably DYING
Post by: samy_voc on October 09, 2017, 12:36:37 AM
I agree. BCH is here to survive and if you do day trading on it we can make some small profits. It is a stable coin which does not get dumped so it is stable.That is my take.


Title: Re: BITCOIN CASH is probably DYING
Post by: appleffi on October 09, 2017, 01:31:21 AM
Bitcoin Cash will not die but it will never surpass bitcoin. It will become a whale's target for pump and dump.

I also think Bitcoin Cash will not die because as long as bitcoin BTC is there, it's is congruent. And since bitcoin is currently up right now, the probability of bitcoin cash dying is not going to happen as of now.


Title: Re: BITCOIN CASH is probably DYING
Post by: steveouttrim on October 09, 2017, 01:48:39 AM
All cryptocurrencies go up and down in value. A dip doesn't mean it is dying. There are many people aware of the currency and it is cheaper than BitCoin, it is likely that people will keep trading it. A volatile coin is more profitable for traders.


Title: Re: Bitcoin Cash is probably dying
Post by: blockchainmarketus on October 09, 2017, 01:56:43 AM
From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest
I never think to hold BCH  as my investment  coin. BCH supporters don't come from the real community. They are big because they hijack bitcoin miners, developers and users. At the first laucnh, I think it is the biggest airdrop ever in bitcoin history. The community receive free coins and happy to trade, They don't want to keep their BCH in their wallet but they sell it to earn BTC. They now earn more BTC from airdrop. The next scenario is segwit2x, the bch holders will sell their BCH to BTC to earn BTC gold or whatever name and sell the new coin again to earn more BTC. The massive selling of BCH will drop the price of BCH in the exchanger, it will cause decreasing attraction to BCH miners because of low price, it means low profit.


Title: Re: BITCOIN CASH is probably DYING
Post by: Minecache on October 09, 2017, 05:11:13 AM
https://www.tradingview.com/chart/BCHBTC/2QeAXwYv-True-value-of-Bcash/

says enough :)

Bitcoin Crash in its full glory ;) Bitcoin Cash is a money from nowhere. Real bubble which will explode very soon.


Title: Re: BITCOIN CASH is probably DYING
Post by: fatlever on October 09, 2017, 03:31:36 PM
https://www.tradingview.com/chart/BCHBTC/2QeAXwYv-True-value-of-Bcash/

says enough :)

Bitcoin Crash in its full glory ;) Bitcoin Cash is a money from nowhere. Real bubble which will explode very soon.

It's going to be a slow process.  BCH being produced at high inflation rate with the miners taking advantage of EDA and jumping chains.  More dump coming in the November fork.  Coinbase users dump of BCH next year.

You might even see a slight bounce with users thinking they are getting cheap coin but they will get burnt.


Title: Re: BITCOIN CASH is probably DYING
Post by: chrisfatos on October 09, 2017, 03:39:18 PM
Since it was just a back-up solution for Bitcoin, it will surely die, especially after Bitcoin Gold.


Title: Re: BITCOIN CASH is probably DYING
Post by: The_Dark_Knight on October 09, 2017, 04:14:55 PM
Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.



That is a good thing, we are about to get two other forks bitcoin gold and segwit2x, how many bitcoin they want to create? This is getting ridiculous so if bitcoin cash is dying then that is good since that will mean that we will only get 2 altcoins based on bitcoin and not 3, also since bitcoin gold is very small I do not think it is going to last, the only real threat is segwti2x.


Title: Re: BITCOIN CASH is probably DYING
Post by: rudolfaxl on October 09, 2017, 05:28:10 PM
Recent behaviour of BCH price looks like convulsions before the death indeed. I wonder if it will be alive in some months.


Title: Re: BITCOIN CASH is probably DYING
Post by: fatlever on October 09, 2017, 11:50:15 PM
All cryptocurrencies go up and down in value. A dip doesn't mean it is dying. There are many people aware of the currency and it is cheaper than BitCoin, it is likely that people will keep trading it. A volatile coin is more profitable for traders.

Recent behaviour of BCH price looks like convulsions before the death indeed. I wonder if it will be alive in some months.

I think a potential for the end of the chain is certainly there.  Even at $500-600 it struggled to get hashpower as miners abandoned it and then jumped back in for easy coins when the EDA kicked in.  Now it's half that and there is more BCH dumping coming until at least January 2018.  But if there is a fork and it has to compete with hash power with 2 much more profitable forks, there might be nobody mining it.  

I think it's risky to think, oh now I'll get some cheap BCH.  Roger Ver and Company have abandoned it and I'd at least wait for strong signals of the dumping to stop and an EDA fix so that miners don't have easy huge volumes of coins to mine and dump.


Title: Re: BITCOIN CASH is probably DYING
Post by: 0t3p0t on October 09, 2017, 11:53:41 PM
Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.



That's the reality of  being the best and pioneering one. Bitcoin really is unstoppable. BCH price last August I think reaches more or less $800 but now goes down to $300 it decreases more than a half of it's original price and that is so scary to those who are holding such coin. My free BCH on my wallet was converted into ETH a week right after the segwit. Bitcoin still the best coin to hold and invest. I think BCH's community is not that strong to support it's now sick baby or maybe it is just another price manipulation by whales but I am not sure about that. If they created BCH a better coin, more advance than Bitcoin with ugrades and updates on it why does it's supporting community forsaken or abandon the said coin? I think they just realize that Bitcoin is way better than any other coin on the market. I don't even know why BCH needs to be created and it's purpose of existence.


Title: Re: BITCOIN CASH is probably DYING
Post by: Kevin13 on October 10, 2017, 12:36:33 AM
Well, we never not know when should it go but somehow sticking to BCH right now is that it isn't balance but somehow I read also that XAPO support this coin and some who hold it to their wallets allow to withdraw for the first time since the fork.


Title: Re: BITCOIN CASH is probably DYING
Post by: imsotiredofmoviereboots on October 10, 2017, 01:53:32 AM
I'm still thinking why anyone still cares about this coin. I knew that it was just a quick money grab for some investors. It was the new talk of the town after the split event but now it looks like its rotting to death.


Title: Re: BITCOIN CASH is probably DYING
Post by: poodle63 on October 10, 2017, 03:19:39 AM
I'm still thinking why anyone still cares about this coin. I knew that it was just a quick money grab for some investors. It was the new talk of the town after the split event but now it looks like its rotting to death.
Who cares, but those are need this shitcoin to dump and pump to earn the profit must try to buy the coin, I know that because too many person hype this shit token and will be adjusting the difficulty in the future and what a crap/


Title: Re: Bitcoin Cash is probably dying
Post by: error08 on October 10, 2017, 03:38:18 AM
Bitcoin Cash was, from the moment it came out, dead on arrival.
8MB blocks are bound to render running a full node impossible. This has been known from the start and these events now don't help at all.

Bitcoin cash was not dead on arrival, it even had chance to reach over $1000 which is profitable for Bcash holders including myself.
Bcash seems dying in September, after second resurrection to $900, but then get dumped until today. People may not interested to bcash due to bitcoin nodes has implemented segwit which make bitcoin transaction better with low fees without have to increase block size limit.
Consider Bcash as new players in cryptocurrency market but has higher price than ethereum, it may still has probability to increase at certain point after bitcoin price fall down just in case it get corrected after reach new ATH, but I doubt bcash could reach over $1000 again.


Title: Re: BITCOIN CASH is probably DYING
Post by: Fundamentals Of on October 10, 2017, 03:45:39 AM
bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.
that's why i didn't hold bitcoin cash from beginning. I sold it from the first time I don't believe in copy of bitcoin.
and now we have bitcoin gold copy of bitcoin cash? another fake coins

Bitcoin Cash was a debacle in the making right from the start. A copy of bitcoin will end up doomed most probably. They must have known it right from the start. And now that Bitcoin Gold is ready to get out into the open, Bitcoin Cash will suffer some more because this means there will be another copy of bitcoin. All these copies will compete with each other and end up in the garbage bin.


Title: Re: BITCOIN CASH is probably DYING
Post by: charlie137 on October 10, 2017, 04:26:40 AM
I still can't get mine from coinbase lol


Title: Re: BITCOIN CASH is probably DYING
Post by: giveen on October 10, 2017, 05:45:01 AM
It will die more faster now because of the next fork many were still holding it and thinking it would get pumped again but until that could happen another segwit is going to happen in 13 days meaning it's time for them to sell the free money and forget about it the price will fall more and may never increase because people will start trading with the new coin.


Title: Re: BITCOIN CASH is probably DYING
Post by: fatlever on October 10, 2017, 01:32:38 PM
I still can't get mine from coinbase lol

Coinbase will only make BCH available for withdrawl in January 2018.  BCH might be below $100 or the chain might be dead by that time. 

Tomorrow, another big exchange Gemini will allow the withdrawl of BCH.  The dumping will continue...


Title: Re: BITCOIN CASH is probably DYING
Post by: azguard on October 10, 2017, 02:57:50 PM
I still can't get mine from coinbase lol

Coinbase will only make BCH available for withdrawl in January 2018.  BCH might be below $100 or the chain might be dead by that time. 

Tomorrow, another big exchange Gemini will allow the withdrawl of BCH.  The dumping will continue...

And by that time price might go under 100$, this is unpredictable. But everyone that I know already converted BCH into bitcoin and they done momentary cuz all say the same thing Bitcoin Cash is crap. Dont know why this was made in the first place at all.


Title: Re: BITCOIN CASH is probably DYING
Post by: ramsdaj28 on November 27, 2017, 10:40:49 PM
From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest
Exactly, that's what I think happened. We can see way back that bitcoin price increased drastically a week before (and even after) the August 1 forking. People might have switched to investing in BTC, put their money on it before that BCH forking, and took the opportunity to get the free BCH equivalence of their BTC. In my opinion, they are after the earning from BCH, and didn't intend to support BCH afterall. And again, in the coming October 25 forking (the creation of Bitcoin Gold), expect that the price of BTC will rise up again. At this moment, its value is surprisingly increasing. And expect it to fall again some weeks after that forking.


Title: Re: BITCOIN CASH is probably DYING
Post by: NickCrypto on November 27, 2017, 10:46:51 PM
It is difficult to say. The cap is too big to fail