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tosmartak (OP)
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July 30, 2017, 10:57:00 AM |
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It seems from the look of things, all exchanges are not ready to support Bitcoin Cash in any way.
Most of the exchanges I makes use of for now, except bittrex has sent me an email stating they will not in anyway be supporting bitcoin cash and have asked users who wish to make use of bitcoin cash to please withdraw their cash before the fork day.
So my question is, does this mean bitcoin cash is dead on arrival? Does this spell doom for the forked currency already? From your point of view, do you think there may be a chance in the future for bitcoin cash?
Even if it survives the few first days after the fork, will you be converting your BCC to BTC immediately or will you leave it hoping the value will eventually be worth the keep?
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JorisK
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July 30, 2017, 11:15:34 AM |
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It will be as good as instant dead.
Some people will probably try to pump/dump it, to make a quick buck out of it, but that's it. And the only reason Exchanges are widely accepting it is because they are simply businesses; transaction fees.
The community is with its developers, not with a bunch of greedy miners.
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Mandoy
Sr. Member
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Activity: 644
Merit: 264
Aurox
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July 30, 2017, 11:50:03 AM |
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It seems from the look of things, all exchanges are not ready to support Bitcoin Cash in any way.
Most of the exchanges I makes use of for now, except bittrex has sent me an email stating they will not in anyway be supporting bitcoin cash and have asked users who wish to make use of bitcoin cash to please withdraw their cash before the fork day.
So my question is, does this mean bitcoin cash is dead on arrival? Does this spell doom for the forked currency already? From your point of view, do you think there may be a chance in the future for bitcoin cash?
Even if it survives the few first days after the fork, will you be converting your BCC to BTC immediately or will you leave it hoping the value will eventually be worth the keep?
It will not be considered instant dead. It will still continue to exist but as an altcoin. Though it is already clear that many exchanges will not support bch but some exchanges have already prepared two wallets for any updates and split that will occur on bitcoin. If bch will be launched it will be not like bitcoin, it will survive as another coin in the market and it is good to avail of that coin when it is low. But if btc will still be the one to be used and will not be replaced then I will be glad because this will mean that my saved bitcoins will not have a lower value but will continue to increase. But it is too early to tell, let us wait for the actual arrival of bch and observe how people will adopt and how they will support it. |
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Netnox
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July 30, 2017, 11:55:30 AM |
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I don't agree with OP. It is a new coin, and even then many dozens of exchanges and wallets have decided to support it. Adoption doesn't happen overnight. It takes time. And here we have a coin, which has gained the support from so many major players, even before it came in to existence.
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alani123
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July 30, 2017, 11:56:02 AM |
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I'm pretty sure that there would be at least an attempt to make it rebound. There are parties with an interest to make BCC appear to be successful and that's a sentiment that could lead more speculators into supporting it briefly. If that's the case, even if it were for it to die at least it would not happen in an instant.
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davis196
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July 30, 2017, 11:56:45 AM |
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It will be as good as instant dead.
Some people will probably try to pump/dump it, to make a quick buck out of it, but that's it. And the only reason Exchanges are widely accepting it is because they are simply businesses; transaction fees.
The community is with its developers, not with a bunch of greedy miners.
I don`t know how the "greedy miners" who support bitcoin cash will win something from this fork? I think that the main purpose of this fork was to create some panic and manipulate the bitcoin price two weeks ago,when btc was around 1900-2100 USD.Some fork "supporters" just bought some cheap bitcoins and now they are waiting for btc going to the moon. |
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espante
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July 30, 2017, 11:58:29 AM |
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It seems from the look of things, all exchanges are not ready to support Bitcoin Cash in any way.
Most of the exchanges I makes use of for now, except bittrex has sent me an email stating they will not in anyway be supporting bitcoin cash and have asked users who wish to make use of bitcoin cash to please withdraw their cash before the fork day.
So my question is, does this mean bitcoin cash is dead on arrival? Does this spell doom for the forked currency already? From your point of view, do you think there may be a chance in the future for bitcoin cash?
Even if it survives the few first days after the fork, will you be converting your BCC to BTC immediately or will you leave it hoping the value will eventually be worth the keep?
Doesn't matter how many or few exchanges support it, what matters is how many people will dump and this is where it looks really bleak. I personally will try to dump before the price is too low. |
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Netnox
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July 30, 2017, 12:02:28 PM |
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I'm pretty sure that there would be at least an attempt to make it rebound. There are parties with an interest to make BCC appear to be successful and that's a sentiment that could lead more speculators into supporting it briefly. If that's the case, even if it were for it to die at least it would not happen in an instant.
There are a lot of people who have announced their support to BCC. These people are going to dump a major part of their BTC holdings, to purchase BCC tokens. If they are going to dump some BTC100,000 in the market, then that may be enough to purchase all the free-float BCC. So my guess is that the BCC vs BTC exchange rates are unlikely to dip below a particular threshold. |
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YuginKadoya
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July 30, 2017, 12:10:47 PM |
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I don't agree with OP. It is a new coin, and even then many dozens of exchanges and wallets have decided to support it. Adoption doesn't happen overnight. It takes time. And here we have a coin, which has gained the support from so many major players, even before it came in to existence.
Yup! it is a shot to really wait for it to have a value on it's own that can guarantee us profit in an instant, and just like bitcoin that struggle for a lot of years to reach this point of glory, I think let's just give time for it, and August 1 is not yet here and yes it might boom when it is activated because of the many players that is interested with it,, and just like bitcoin that don't have many supporters but succeeded, and this kind of token that has many supporters will surely goes viral and it is not existed not until August 1. |
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KellyCoin
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July 30, 2017, 12:14:18 PM |
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What Value does BCC bring to the world except for traders to make $? That is the question that needs to be asked to know where the future of it will lie. Without real world value I dont see this surviving to long.
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williamuk
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July 30, 2017, 12:18:48 PM |
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The community is with its developers, not with a bunch of greedy miners.
That's untrue And lol to "greedy miners", would you kindly try to raise the maturity level of your posts a little? |
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williamuk
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July 30, 2017, 12:22:13 PM |
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What Value does BCC bring to the world except for traders to make $? That is the question that needs to be asked to know where the future of it will lie. Without real world value I dont see this surviving to long.
Good question, and one I wish I had the answer to. There seems to be no value in this coin at this stage. |
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Red-Apple
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July 30, 2017, 12:24:32 PM |
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this doesn't necessarily mean it is dead on arrival. because mostly the people behind it have a lot of money to throw at it. but it will eventually die in the long term and as the bugs show themselves.
this mostly means the current existing businesses using bitcoin understand what bitcoin is and have some dignity and for that they want to make a stance.
and in the end bitcoin cash is just another altcoin that is using bitcoin's name and it is not even the first one to use bitcoin's name. you can go to coinmarketcap.com and search for bitcoin to see how many there are!
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kayvie
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July 30, 2017, 01:49:51 PM |
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What Value does BCC bring to the world except for traders to make $? That is the question that needs to be asked to know where the future of it will lie. Without real world value I dont see this surviving to long.
Good question, and one I wish I had the answer to. There seems to be no value in this coin at this stage. that is also what i wanted to know, as i have red earlier, bcc is not yet full supported by many exchanges so let's just see when it happens to show in the market. |
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vinaha
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July 30, 2017, 02:02:57 PM |
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I think I'm going to just hold the coins that I could convert to BCC. It's probably going to tank immediately, rebound a little, then super tank. But come September or October I think it will come back up again when the "2x" part of Segwit2 comes into question.
It's interesting competition. Those who don't like Segwit can just leave BTC now. Also those who still have miners in their attics will probably pull them out and fire them up for a little while. When the cards are played, there's a good possible chance that BCC might have similar value to BTC one day.
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Emoclaw
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July 30, 2017, 02:07:31 PM |
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BCC is an altcoin and already has more support than the overwhelming majority of altcoins out there.
For that reason it's not dead on arrival, however I will be converting BCC to BTC immediately because I do not support BCC at all.
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MintCondition
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July 30, 2017, 02:15:11 PM |
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What Value does BCC bring to the world except for traders to make $? That is the question that needs to be asked to know where the future of it will lie. Without real world value I dont see this surviving to long.
Good question, and one I wish I had the answer to. There seems to be no value in this coin at this stage. that is also what i wanted to know, as i have red earlier, bcc is not yet full supported by many exchanges so let's just see when it happens to show in the market. Ofcourse BCC will not be supported by market. It is a fork created by greedy miners and want to earn quick bucks. How come that 1BTC:1BCC ratio with just splitting on Bitcoin. This not fair for bitcoin investor. ETH and ETC is another story from bitcoin. Don't support greedy miners. |
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Celsiuss
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July 30, 2017, 02:22:37 PM |
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I don't think it'll be instant dead. Most of the exchanges today won't support it, but that doesn't mean other exchanges will, new ones will come too just like with any other alt coin. Bitcoin cash will take time to adopters, it may be huge in some time, or it might be like a secondary currency much like other mayor alts.
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who cares
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macedoniantable
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July 30, 2017, 02:27:15 PM |
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I don't think it'll be instant dead. Most of the exchanges today won't support it, but that doesn't mean other exchanges will, new ones will come too just like with any other alt coin. Bitcoin cash will take time to adopters, it may be huge in some time, or it might be like a secondary currency much like other mayor alts.
As will all forks of any stocks it will split the price into two  Bitcoin will be valued at half of what it is now and this bitcoin cash will be valued at the other half. Then if there is support for it (AT ALL!  ) it will either keep it's value. Or it will just wither and die. Remember what happened to ETH when it was split by the DAO into what it is now and ETC? Same shit. Just different pile!  |
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CyberKuro
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July 30, 2017, 02:36:39 PM |
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Most bitcoin users consider bitcoin cash as a threat for bitcoin or free money which cause most opinion is to sell bcc as soon as they get it on August 1st.
Well, I will do the same thing as bitcoin cash is just another altcoin even though they stated it better than bitcoin. Better or not, depend on the usability which none of those altcoins could compete with bitcoin. Maybe just because it is the number one coin and worth more than others, so people trust bitcoin.
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