Bitcoin Forum

hi all
any one know about bch fork coming in 15/11?????

Couple of explanations here -

http://www.cryptoglobe.com/latest/2020/11/bitcoin-cash-to-undergo-a-contentious-hard-fork-what-you-need-to-know

https://cryptonews.com/exclusives/the-looming-bitcoin-cash-hard-fork-here-s-what-you-need-to-k-8209.htm

This will be a mind blowing adventure come 15the of November when the will be an upgrade on bitcoin cash

You can get the full details on this link
https://news.bitcoin.com/hash-watch-kraken-announces-bch-fork-plans-bitcoin-abc-reveals-two-pronged-effort/

I just want to ask. Will the BCH hard fork provide benefits for the holder? will the price of BCH increase?

It depends on what you term as benefits. The only slightly positive thing I see is that the BCH holder will get a forked coin after the snapshot. But about the price of BCH, don't let them lie to you. BCH price will only continue to tank especially after many traders decide to sell because most are holding it right now for just the snapshot.

Look at this graph, ETH, BTC and other coins have at least recovered, but BCH hasn't. It doesn't seem good, does it?

https://talkimg.com/images/2023/07/19/ZlVLa.png

for sure u will get new coin

Do not be fooled, BCH will start dropping after the fork because there will be more sell off, it's getting annoying that BCH keeps forking every year honestly, the only gain here is the new fork, if the new fork coin has good value then thats extra money

BCH is just the coin of the bitcoin fork, and always has a bad price,
don't get caught up in the fomo of this fork, didn't you notice?
before that BCH also had a hard fork which appeared BCH ABC and BCH SV, after which the price of BCH fell sharply

You can also check the twitter hash tag here:

https://twitter.com/hashtag/hardfork?lang=en

It seems that there are many services, like exchanges and wallet that are ready for the so called BCH fork this coming Nov 15. Just remember though to transfer your BCH to a services that supports to be able to take advantage of it as majority doesn't support this fork though or doesn't reach a consensus.

but we will get free new coin after fork

A week ago I read an article about that ...

I attach it here, I hope it helps you.

But yes, even exchanges know little ...

https://phemex.com/announcements/bitcoin-cash-fork-phemex

I think Bitcoin cash is ready to explode because of that, especially the Bitcoin cash fork on November 15th.
As I remember in the previous forked of Bitcoin Cash, the price actions upward happened after the fork not before.
But this is not financial advice, I may be wrong. That's why it's really difficult to speculate, I am just basing my opinion on the chart.

I have the same thoughts as you, ahead of time we are in the trend of the whole crypto market and this should keep the BCH price up, but for the upcoming hardfork news we see a repeat. This time around the market will pay attention to BTC the most so it will be difficult for BCH to get a sustainable pump for the moment, but wait and see then what we get :)

Thanks, for the informative articles Mate, By the way, the Bitcoin Cash community will be divided again and this time it's all about money, and base on the article it seems that the split between the two opposing interest will continue, but the question is how the fork will affect the Bitcoin Cash price in the short term? how about the community? the holders of BCH, how they will react in the split? it is getting more interesting as the forking day is coming.  

We don't know what will happen in the future price of this coin (BCHN) might be good, so I think there's no harm in those who want to try their luck with HODL BCH until the fork occurs..

I also heard that Binance is getting ready for the BCH fork this time.. cmiiw

I also heard from one of my friends that Binance has prepared a BCH fork at this time, so I kept some BCH in my Binance wallet. I don't know if this is a good thing or not to do. At least I didn't put all the eggs in the basket. I hope this is a good move, but the price chart on BCH is not showing any good.

Price always dumps after fork happens. People buy them to get new coins and then sell them. It is like with everything in Crypto, buy the rumour, sell the news.

Looks like this year's BCH Fork has serious controversy in their company and I think that will certainly affect the BCH price movements in the market, and with such controversy will make BCH have two different blockchain networks and automatically each network will have a value that It is also different from one another, many people think that a split like this is not a good thing and of course it will make this year the worst fork ever and even worse if it will impact the decline in BCH prices in the market due to several exchangers Bigger like Binance will deactivate the BCH deposit and withdrawal options on their exchanges at the time of the hard fork.

Thanks for the links, for the most part I do not follow the events of BCH since they declared themselves the real bitcoin and other silly stuff like that, but now it seems this fork is all about the money, it seems Roger Ver wants to literally tax the miners for 8% of the profits that rightfully belong to them and he wants those funds to go to the development team.

Personally I do not agree with this, if they want 8% of the profits from mining to go to them then they can become miners, otherwise they have no right to that money and it seems the majority of the miners think the same but so far it seems the community is split and it seems they are so far showing more support for Bitcoin ABC.

Thank you for the advice. yes maybe BCH holders are only temporary after that many will sell so the price will drop.Does the BCH hard fork not have a positive effect on project development?

No, it simply means that a new chain will be split out of the current chain and people who disagree with the protocols the current chain(BCH) uses will take their support to the new chain and continues developing it. It's more like what you saw when BCH forked from BTC. When BTC was almost hitting &20K, BCH's price was around $2700. The price would then continue sliding downwards until today at just $250 while BTC is closer to $20K. You would think BCH would be around $1K today given the recent market upward movements. Even Ethereum is doing better than it price-wise.

Yes sure benefits is only that receive one free  coin. But what about the price. I think after the fork snapshot price go down sharply because all the holders who only holds this for fork and when they sell price go down.

Now investors are much smarter and different forks cannot lure them into buying coins. The Bitcoin Cash price stands still and does not move at all, it seems to me that no one believes in the price growth and after the fork both coins will be sold.

they already face bad experience on coin fork, so this occasion most of them didnt take part by buying BCH and its price move on limited range only. hardfork trading was not effective anymore for us, its pure speculation cause price usually dumped after snapshoop taken.

I opened a long last time on Bitcoin cash, but a few hours ago, my stop loss got hit and my technical analysis becomes invalid.
Speaking of their fork, it seems this time is different compare before with Bitcoin SV, as far as I remember the price of Bitcoin cash before also pumped too hard, well this time I can tell that history does not repeat, lol.

and it turns out that your analysis is wrong, BCH only goes down a little and immediately goes up high .. it's not like you think that BCH will drop drastically.  luckily the one holding BCH, too bad I didn't save a little bit of BCH ,.

Bitcoincash fork will not make BCH go high or low but BCH has been turning itself into a centralized coin that could be a boost to it's utility as well as price in the long run. The current fork is also due to the difference in interest of the community whether to fund the developers through a miner fee or not. The BCH ticker is hold by the proponents of raising a fees with miners to fund the development of project. Though a bad thing for decentralization, it could bring BCH out of bitcoin's shadow.

Done and finish for BCH fork just few hours ago and good luck for every one hold BCH will receive both coin BCHN and BCHA, I think you can check with both coin you will receive later on Yobit.net because this exchange have active for trading BCHA and BCHN with good price like BCH, I don't know will price stable until launching on other exchange market like Binance or Huobi, just Yobit have list first because this exchange always on the first line for listing new hard fork coin, better if have hard fork coin later you hold on Yobit they will distributed faster than other exchange and exactly Yobit become the first exchange for listing BCHA and BCHN.

Binance also had promised to give the forked coin. Now the fork is already successful but binance have not airdropped the new coin neither have they made any announcement and the initial coin is still as BCH. I think they'll do it but wanted to sell my BCH as soon as possible before it may crash. I'd be selling the airdropped coin as well as i don't believe these coins would have a future.

They will be massively sending their forked coins to the market. This was happening with bitcoin so many times. I remember about bitcoin gold, bitcoin diamond and many more.
The people who have received it will be dumping their coin for free money. Imagine when you are a big hodlers of BCH and then you will get a lot of money for free.

Im sure that you will be dumping your tokens to the market.

I'm holding some BCH and saw a price decline when checking my Binance some minutes ago, not sure if it's related to the points you made or not. I do think splitting of chains for BCH is not the best idea, if there is going to be a blockchain architecture upgrade, both parties should agree in unison, not chain split. I think Roger Ver doesn't want the chain split, but I'm not too technical to fully agree or disagree with him on this. I just hope further peice crash won't come if the wrong decision is taken since I'm a long term holder of BCH. Also I'm wondering how the chain split will occur, whether every holder gets equal half amount in new forked coins or not.

Yeah unlike the previous fork that use to cause so many panick buy and push the price to a very high level this fork seem to be quiet and no price movement, I guess this is as a result of the uncertainty surrounding the hard fork, investors are afraid and not sure what the outcome will be, people are more wiser in their investment choices.

What did I said. Now we are few hours after fork and BCH is already down 6%. It is always the same, people buy before fork to get both chains and then dump soon after the fork.

What markets are you looking at my friend? BCH price dropped as soon as the snapshot took place. In fact, it started dropping in that very minute when the snapshot was being taken and as things look right now, it's already dropped by -10% in the last 24 hours as compared to most coins in the top coinmarketcap

https://talkimg.com/images/2023/07/19/ZlJTN.png

Is the BCH fork really controversial, isn't it?
Now, Bitcoin has is split into two blockchains again, newly, and it is about the BCH ABC and also Bitcoin Cash Node?
But how is one of them cannot get enough hashpower, will this despair really?

Well, I'm waiting for how this will continue and end. Actually now, it is too early to judge what will happen to the fork. And in fact, the price decrease after the fork.

Please be patient as the results of the forks are currently uncertain. Maybe only one chain will last in the end. however it is possible that two fully viable chains will begin to exist, similar  of BCH and BSV. only time can tell the exact outcome of this fork. we just wait

I am expecting two separate chains as there are a lot of different voices in the BCH camp and when there are loud voices you usually see a split. lets see how this will end up, some of the gambling sites stopped accepting deposit and withdrawal BCH until everything is sorted and if they split it will not be good moving forward.

Yep, talking from experience most of the coin that has gone through a hardfork, the price will slightly increasing when people collecting them just to get the free coin. After that the price will go down again, in some case even the price go down further more than before the hardfork was announced. So, I don't think anyone should expect a profit from holding any coin that will got hardfork.

That's what happens if the people behind the coin are unstable individuals who don't seem to come up with a nice discussion and agreement over things. Out of Bitcoin Cash and its forks there will surely be a number of another Bitcoin altcoins. I'm afraid it won't easily stop. But this is nice. People will eventually realize that the people behind these shitforks are just making a fool of them for the money. They will leave these fake Bitcoins and go back to the only Bitcoin.

I hope so but it looks like people will have sold their coins to the market consider the snapshoot already is taken and there's no reason for them all to hold their BCH even longer.
The fast you dump and the fast you can get profit from shorting the market. It's about how to decrease the risk of your portfolios. I guess if there will be a split chain and the forked coin will worth 2 or 1 digit.
We will see that very soon.

I don't think the fork has a significant effect on raising the price. Unlike in 2017, forks and airdrops for certain coin holders have a big impact on prices.

I don't see any problems with this fork.other people see this as good opportunity to earn extra cash for them every time there are forks happen in BTC and other altcoin like BCH..

Other big investors also buying some bch before the fork happen I even have a friend do that hoping to get  profit with having .

For example the price forks is half of theprice BCH he bought before the fork you already earn 50% profit for just waiting for it to finish .

i referenced this elsewhere, didn't see this thread about the fork. As of yesterday the BCHA (miner tax) fork looked bad. BCHN has clearly won this fork by a considerable amount.


Since posting this, the hashrate split is currently 1.75EH/s (89%) vs 0.22 EH/s (11%). BCHA price remains at 0.05 BCH.
BCHN has mined 128 blocks, BCHA only 7.  BCHN takes the BCH ticker basically, at least on CoinEx where the futures were trading.

On the shallow part this is free airdrop and that is good. Seldom can you receive free money in life. On a deeper analysis however this is another blow to the kind of world cryptocurrency is in. People might find it funny how just a disagreement among developers is enough to create another set of currency. 20 years from now we might have thousands of other currencies which are nothing more than splits from existing coins.

I am one of those who consider BCH forks as an opportunity to make money, because usually if a forks occurs it will make the BCH price pump.
And it is possible that the current BCH forks will not work as well as the previous ones, so there is a possibility that the BCH price may not go up
as expected. And my fear happened, November 15th has passed but there is no increase in BCH prices. Luckily I bought not much BCH.

The last time BCH had a fork and BSV was born, both coins ended up being worth less than the price of BCH pre-split. Sure, there's chances to trade here and there, but since the whole thing isn't nearly as much a spectacle as then, I imagine trading the fork will be boring and likely end in losses for most involved.

Yes when you look at the price of BCH fork is almost the same as the original bch . So it's really a free money there are just people thinking it's a negative news which is not if you saw it as an opportunity to have free coins using nothing but your own bch.

I don't really have idea why many people doesn't like it,
don't you want to have free money?

You're lucky didn't buy BCH, I bought some bch hoping the price was pumped up when fork happened,
but what happened the price of BCH fell and I lost quite a lot. maybe after this incident I will not buy coins that will fork.

it's done, and look what happened to BCH ?, dump happened, and BCHA? the price is very bad,
it doesn't make investors happy, I prefer it when Bitcoin hard fork produces Bitcoin Cash and Bitcoin SV than BCH which has a hard fork.

I bought BCH for $261 a piece at binance and at current time, the old chain of BCH is trading at $253 on all major exchanges and the new chain named as BCHA or BCHN is being traded on a few established exchanges like coinex at $15 a piece so overall, my valuation is $268 which is still a profit. BCH is looking good and is on an upward trend.