I don't think Bitcoin CASH will take over BTC. Even though it is pump Now But People Always like BTC so they didn't want take over BiTCoin cash
BTC is the first decentralized digital currency so it is impossible For take over.

TL:DR HODL.

BTC, failed to 2x or commit to scale onchain solutions.

I had a brief exchange conversation one of the core devs

essentially he corrected me as to the demand side and supply side of scaling.

That said he conceded there would be a case for scaling  a bit.

I went on and asked what functions would he suggest or family of functions would likely offer the onchain scaling rate?

Stony silence. Maybe he did not read my question.

This puts me to....what I see as the core of the issue.

BTC needs a certain on chain capacity, its all well and good the LN will solve the high TX issues, but right now LN is no really a choice for most people.

In the interim there needs to be some scaling, and that scaling at a higher rate then went LN is widely used.

The failure to 2X or rather the 6 people saying NO, and they don't get to say no in general if people chose to run 2X, has rather caused the ossification of 1x to look more sure.

Now if they were to 2x, and beyond as needed, this would show good dev intent. As it is they have sacrificed a lot of capital and maybe the crow to BCH.

However until BCH adopts segwit and so can run LN, it remains hobbled.

It seems the nearest to best design will take that proportion of the market cap all other things being equal.

It seems prudent to treat splits as an insurance policy and hold equal amount on both splits. This is increasingly true, if those chains split again.

So in short HODL

One of the major challenges facing legal marijuana businesses is lack of consistent access to banking services. Many marijuana businesses do have banking accounts, but the sword of Damocles dangles above them, always threatening an unappealable termination of an account.

Enter digital currencies, which promise an end run around a wary financial system. There is a great deal of excitement in the marijuana industry about the possibilities regarding bitcoin and other cryptocurrencies.

But before the cannabis industry gets carried away with images of marijuana businesses sidestepping hostile federal banking regulators, we need to take a hard look at the future of digital currencies.

One strategy that's been pushed is for cannabis businesses to take an existing digital currency and simply use it as a method of transacting business to avoid the need to rely on banks.

This way, marijuana companies without bank accounts could eliminate the need to operate in cash, instead accepting payment directly from customers or other businesses in digital currency – although converting digital currency into dollars will still require a bank account.

Another possible use of digital currencies would be to develop a new token, often referred to as an app coin, protocol token, or altcoin, specifically for the marijuana industry. Again, the goal would be to reduce or eliminate the use of cash and integrate blockchain technology into the compliance and other needs of marijuana businesses.

Finally, some business offer bitcoin-based payment processing services. These services allow customers to purchase bitcoin via a credit or debit card and then purchase a marijuana product with the recently acquired bitcoin. The store then converts the bitcoin back into dollars. The idea is to provide an alternative to traditional payment processing services and credit card companies that will not work with marijuana businesses.

...On the marijuana side of the equation, it is important to note that, while marijuana remains illegal federally, the industry in the U.S. exists in its current form because it is tolerated pursuant to federal policy, as set forth in the Cole Memo (put out by the Department of Justice on Aug. 29, 2013).

The Cole Memo states that while marijuana remains illegal federally, federal law enforcement should not consider prosecution of state-legal marijuana businesses if those business do not implicate any of eight enumerated enforcement priorities (e.g. preventing revenue from the sale of marijuana from going to criminal enterprises and preventing state-authorized marijuana activity from being used as a cover or pretext for the trafficking of other illegal drugs or illegal activity).

While the Cole Memo addressed violations of the Controlled Substances Act (CSA), it was silent as to financial crimes that would inevitably result from the use or banking of proceeds of a federally illegal activity.

Bitcoin Cash is a hedge against bitcoin. If we're going to talk about real world events other than correlate everything to pure speculation (the latter is the likely case since we're talking crypto) then it could be relater to either the Bitcoin Gold fork, or the 2x madness or perhaps even both.

nope, never believe that, that pumping action of bch will never replace bitcoin place.

ill change my mind if in the next 24 hours the price double again xD

Guys, can anyone explain to me with a lot of details what the hell is going on right now with Bitcoin Cash? $1200 then $3000 then back again to $1400 in just a a few hours?

I don't think so. The Bicoin Core Developers will surely find a solution. Even if segwit2x was cancelled they still can think of the lightning network. this would be a good solution for the scaling problem as you can read at cointelegraph

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended

It's all quite transparent. You still don't know what is behind the quick rise in BCH exchange rates? Check this:

https://blockchain.info/unconfirmed-transactions

When was the last time we had more than 127,000 unconfirmed transactions in the queue?

I really hope no one is actually nervous about bitcoin right now haha. If they are they must be brand new to the game. BCH is a pump and dump coin. In a couple weeks it'll be back under $500 after people make their money from it, just like in August.

The idea that Bitcoin Cash offers a solution that Bitcoin doesn't is ridiculous. That is a very short term view of things. Also the idea that 2x was the chance to solve scaling for bitcoin... hahaha. I'm fully in support of the 2x in order to alleviate current stress on bitcoin, but it is a very short term solution. When bitcoin hits the mainstream for payments segwit2x or 8 MB blocks aren't gonna do anything to handle that! They'll maybe handle on-chain 1% of what is needed, probably less than 1%. The only solution that gets crypto to a mainstream payments platform are off-chain solutions, which Bitcoin is working on figuring out. Bitcoin Cash doesn't ever need to figure that out because they have 8 MB blocks that only get 0.1 MB worth of transactions per block because Bitcoin Cash is a pump and dump altcoin that isn't used for anything.

The Swedish-domicile issuer of bitcoin and ether ETNs, XBT Provider, announced on Thursday its plans to distribute bitcoin cash (BCH) proceeds.

XBT Provider Unveils Distribution Plan for Bitcoin Cash After Selling 44,471 CoinsXBT Provider offers two bitcoin ETNs called Bitcoin Tracker One and Bitcoin Tracker Euro. It also recently launched ether ETNs called Ether Tracker One and Ether Tracker Euro. All four certificates are listed on the Nasdaq Nordic exchange in Stockholm and are currently available for trade in 179 countries.

“These trackers are designed to mirror the return of the underlying asset, bitcoin (in Swedish Kronor and Euro, respectively),” the company described its bitcoin products, reiterating that “investors in the issuer’s certificates are not holders of bitcoin.” While ETN investors do not hold bitcoin, there is a hedging arrangement between XBT Provider and its certificates’ guarantor, Global Advisors (Jersey) Limited. XBT Provider elaborated:

"Notwithstanding that the issuer and the guarantor have no legal requirement to distribute any value created from a fork (including the BCH fork) (other than any enhanced performance of the coin which remains as ‘bitcoin’), the issuer wishes to pass such value created (or as much thereof as is practicable) through to the holders of its certificates at the time of the fork."

just hold both and you are good,

no one knows whats going to happen

Do you think Bitcoin is completely finished since the developers will no longer work on it and are suggesting to use alternatives including Bitcoin Cash?

Is this ship going to sink completely and the coins will be more like memorabilia?

This thing could have legs. You really can't argue with the price appreciation. It is either shocking or spectacular, depending on if you are buying, selling or on the sidelines watching. Right?

i've read that news. But i'm wondering...why coinbase have all this success? only because accept paypal?

For example i don't trust them so much...

It'll be interesting to see if some subset of miners ends up mining the 2x chain, further drawing hashrate away from BTC (as the bitcoin2x.org site states). That seems unlikely, but Bitmain is certainly capable of playing games with the hash distribution. A lot of people shrug it off, but I think the recent spam attacks with sustained high fees are having some effect on investors.

Anyway, I'm selling my BCH into this rise..... just sold at $1040-1050. The chart looks really healthy, but there was massive volume today. I'm expecting a correction (which would coincide with a healthy bounce in BTC).