Bitcoin Cash! Dead on Arrival?

[danherbias07]

It would be as good as that. 
Looks like everyone here have agreed to withdraw their BCC. So what will happen with this? An enormous drop in value?
Even one of the largest trading site don't want them and that is a slap in the face.
There are better altcoins out there than them whose purpose is just to clone bitcoin which cannot be done.

[Maveth13]

Since most people are already looking at as just another altcoin, yes it most probably will be good as dead. It's not getting much support that it needs to at least keep its value stable and not drop drastically. But hey, it's free coins.

[ChrisPop]

From my point of view I think the demand for BCC will be extremely low and everyone will be hurrying to sell it,but they would not be able to sell it if there is no demand so...bcc might be a trap for people who are selling their altd so they can get free bcc.

[khufuking]

What we have here is an alt but with twist which a lot of free coins (Airdrop) . and with the mind set of most people holding BTC ( instant sell bbc for btc)   for this alt to survive it need to be tanked now the question is how far BCC supporters will go to tank it ! . I doubt it will last long we are talking about real money here that they are welling to lose ! . do you really think that someone is welling to  throw 100,000 BTC we are talking about $260 ,000,000 . that he/she might lose half or more of its value later  I really highly doubt it .

What I think is they are gonna take a chance on people that are/might stand with them . the chance already decreased a lot but they have nothing to lose they will lunch it anyway and I am sure that they will not use any of there BTC to tank this airdrop they will leave that for random people  . IF it tanked then they will make a lot of money if not they literally did not lose anything they in fact might join in dumping there BCC too   on the head of people who supported them .

[LodisMcguire]

it's will be just a short hype,people will start dump BCC as they get it,because people opinion of BCC is bad
exchange who support it just want to make profit from transaction and doesn't care about BCC in the slightest

[mike4001]

From my point of view I think the demand for BCC will be extremely low and everyone will be hurrying to sell it,but they would not be able to sell it if there is no demand so...bcc might be a trap for people who are selling their altd so they can get free bcc.

I am not sure.

I see a theoretical potential in the coin so I will just hold my BCC coins to see if they are worth something down the line.

If many people do this the coin gets rare on the free market and therefore would rise in price.

[iamTom123]

I was really thinking that BitcoinCash can be just another pump and dump coin in the sea of so many coins we have in the cryptocurrency market. But it seems that there are already big exchanges that are planning to play with BitcoinCash. There is a possibility that people would really just dump the coin but the coin can also survive and take a life of its own later.

Anyway, let us not anymore look at BitcoinCash as a big threat to Bitcoin because this coin will be a spin-off of the original and can exist as just another alternative coin. Let's give this altcoin a chance it can be deserving as there is actually no bad coin. But just to clarify, I prefer still to have no fork nor split.

[davidmccoy]

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.

I agree with it.

[buwaytress]

I was just thinking about this. At the time of the split, there will be X BTC plus fees waiting to be confirmed. When the original chain finally confirms all these coins, it will already have a higher circulation than BCC. I'll be really interested in seeing how many txs the first few BCC blocks will get. At 2MB, will any even be full?

[izanagi narukami]

I think it's just a matter of time before bcc also being accept like bitcoin did.
IMO , some whale trader will take this chance to maximize their profit as they did on last 2 weeks on bitcoin

[JorisK]

I was really thinking that BitcoinCash can be just another pump and dump coin in the sea of so many coins we have in the cryptocurrency market. But it seems that there are already big exchanges that are planning to play with BitcoinCash. There is a possibility that people would really just dump the coin but the coin can also survive and take a life of its own later.

Anyway, let us not anymore look at BitcoinCash as a big threat to Bitcoin because this coin will be a spin-off of the original and can exist as just another alternative coin. Let's give this altcoin a chance it can be deserving as there is actually no bad coin. But just to clarify, I prefer still to have no fork nor split.

Not a bad coin?

- Bigger blocks mean RIP small miners
- Bitcoin malleability bug remains, they left it in on purpose
- No community support
- Only developed by Bitmain

It's 100% a shitcoin. Exchanges add them so they can take the fees off trading, no one can blame them.

[gabbie2010]

I received a mail from coinbase now about the BCC, they made clear to me that they are retaining BTC as their main cryptocurrency indirectly indicating that they are not supporting BCC, but let us wait and see how BCC is going survive with all this altcoins.

[s31joemhar]

From my point of view I think the demand for BCC will be extremely low and everyone will be hurrying to sell it,but they would not be able to sell it if there is no demand so...bcc might be a trap for people who are selling their altd so they can get free bcc.

BCC is look like a SHITCOIN i think

[piebeyb]

https://support.bittrex.com/hc/en-us/articles/115000808991
I think bittrex is also monitoring it and already making news to respond to August 1st later, I think we also need to see that all BTC holders also get the double advantage of it

[alani123]

I received a mail from coinbase now about the BCC, they made clear to me that they are retaining BTC as their main cryptocurrency indirectly indicating that they are not supporting BCC, but let us wait and see how BCC is going survive with all this altcoins.

This is all just a publicity stunt from Coinbase's part. In their FAQ they indicate that they won't be holding BCC for themselves in case that it received adoption. That could hold them legally liable to a crime anyway so no reason risking it.

[worthy1]

I still don't get why people are that confident BCC will be dumped but they still want to ensure they get their air drop.

Why wouldn't you sell BTC now and use the profits from its lower price on August 1st to buy more. Seems a safer and better way to get more BTC than hoping you can get in on time to make anything good on a BCC dump. Your BTC+BCC could be worth less than your BTC is today...

Sell, buy more BTC on a low and then wait for BTC to boost again, sounds better to me?

[bitcoinvestor]

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.

I have the same idea. The more important is community. Even BCC supported by miners if there are no interest from community , there will be no value. Alright? I ask WHo want to turn your BTC into BCC? You take your own risk in price? How can it stand the value 1:1 with bitcoin when it is launch in the market. There could be dump and pump players will have new game. For me I don't want to take the risk. BTC isn't BCC.

[Scorpion]

Yes pretty much dead on arrival, it may reach up to $200 BCC. After that pump people just dump it for their BTC back ($4,500 each by then).

[MaxRR]

bcc is another sh*itcoin just like etc, they are useless coins that dont have any future, the price is obviously because of the speculation and the name.
it is a risky investment because no one knows how much will it dump

[Raven91]

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?

Yeah i guess somexchanger will not support this thing as they will be giving a free cash as they do that i guess this BCC will get i guess a average price rate in the market or i guess it surely dump in the market if it will have a high price in the market i guess so maybe stil bitcoin will.