Bitcoin Vs Bitcoin Cash

[PhucS]

In my opinion, I think there are two scenarios. The best scenario is that both Bitcoin and Bitcoin Cash are independent, better than before, just like Ethereum and Ethereum Classic, after the split, both exist and develop well. However, the most likely scenario is that only one of the two types of electronic money develops long term after split. The reason is that many investors will gradually focus on one that is more valuable, reliable and better. In this case, Bitcoin will be more advantageous because many exchanges have said no to Bitcoin Cash

[Dimas99]

I think bitcoin core will always be popular. While bitcoin cash should be able to overcome the problems that are now being experienced. Though both are good

[Basmic]

Bitcoin is stillborn cash currency. In it, no one will invest. I do think that it is a project of the whales to take money from people using the name bitcoin. We can already say that this Scam failed. Any attempt to divide bitcoin will be doomed to failure.

[bajing]

In this case you can't compare between bitcoin with bitcoin cash because investors definitely choose to invest their money on the coins that will give them a profit. I think the support from the exchanger can also have an impact on the development of bitcoin cash if the exchangers do not give their support to bitcoin cash then bitcoin cash will die.

[Apes]

Bitcoin cash will have a high value with the same fork They targeted beside bitcoin In my opinion they will surpass the bitcoin They want to replace BTC with BCH I think it will be possible because of the great possibilities in this world Their aim to make the miners a glad

[farhaan]

What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

BCC was created saying that it would be the substitute for bitcoin.But it just remains as an altcoin.Neither bitcoin price has crashed,nor BCC price has raised as it was expected by some people.It would just remain alive only for a few more days and then it would just remain as a n abandoned altcoin.BCC holders have just dumped all of their coins to get some free cash.

[harimauagam]

Probably better bitcoin cash than the ordinary bitcoin because receiving cash is very good and tastes better than the usual bitcoin.

[anhhung409]

What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

Bitcoin Cash. A new Altcoins currency recently appeared. Perhaps, it takes a bit of time to develop while Bitcoin is growing, Bitcoin Cash may not be worth the price of Bitcoin. So what BCC needs here is time

[SvenBomvolen]

Bitcoin Cash is going to be just one of altcoins. With such high price in the most beginning the bubble just poped and we have what we have now. The value of BCH is much bigger than Bitcoin's and the interest to this crypto currency gone down. I think we will never see such price (1100$) for BCH ever again.

[bitbunnny]

For me there is no doubt. Bitcoin cash has  nothing to do with Bitcoin, it can't be the substitute for it, it's just another altcoin that doesn't  have any čamce to achieve Bitcoin price, value  and acceptance, it's not possible. Many other more perspective coins haven't manager to achieve that. So, for me it's worthless.

[deisik]

What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

BCC was created saying that it would be the substitute for bitcoin.But it just remains as an altcoin.Neither bitcoin price has crashed,nor BCC price has raised as it was expected by some people.It would just remain alive only for a few more days and then it would just remain as a n abandoned altcoin.BCC holders have just dumped all of their coins to get some free cash

Unless rogue miners are going to do something nasty

For example, fire up their spam-bots and run them at full throttle. What we have seen so far might have been only a prelude to what we can see in the near future. They could easily make the regular Bitcoin unusable by flooding the network with spam transactions just like they have been doing the last two years. This time they are not going to restrict themselves since they already have Bitcoin Cash. And then people will likely change their attitude toward this wannabe Bitcoin, though, in their place, I would rather look toward Litecoin as a genuine Bitcoin substitute (as some have already done, me included)

[JemmaColin]

I'm used to using bitcoin, because I already have confidence in this currency.
Technically, BCC is bitcoin, only improved. But I do not have confidence in this coin. I think she will either die or the chain will re-unite

[BigBall]

For me bitcoin will be crypto king forever and other coins will not beat them because that coin is first and already so much popular,For me bitcoin is like Coca Cola and there is no bettter thing then orginal first cryptocurrency which is bitcoin.

[exstasie]

They don't have to support Bitcoin Cash indefinitely since people will run out of their BCH tokens sooner or later even if all of them choose to get rid of these tokens. Obviously, quite a few BCH holders aren't going to sell these coins, and some may even be looking to buy more. Anyway, after this initial stage of rampant sell-offs and buy-ups is over, their hands will be untied, and they can proceed to the next level of dethroning Bitcoin (as they likely think). You also seem to discard the possibility that the cartel might be selling regular bitcoins for BCH to prop up the price of the latter

This certainly seems possible. The Ver-Bitmain-nChain contingent likely controls a hell of a lot of bitcoins. I'm really surprised that Bitcoin Cash is still holding at these price levels. If it can form such a price floor over the next few weeks/months, the stage would be set for an attack on BTC (spamming, block withholding, etc). There has been a lot of effort put into separating Bitcoin Cash from other altcoins (framing it as a legitimate replacement for BTC). This would be leveraged in any attack on the legacy BTC chain.

[bitcoin31]

I dont think bitcoincash same value in bitcoin. But bitcoincash have potential to increase in the future maybe it will become 1000 dollars after few months or few years.

[jaysabi]

<some grumbling skipped>

It is not me disagreeing with your opinion

Because when I disagree, I just state that right away (and you know that), but in this very case you were evidently assuming that people could somehow effortlessly move their funds between the two coins or otherwise use them interchangeably ("you've got a clone with the capacity to handle the extra transactions") and choose the best coin to transact with as they see appropriate (as if the coins still remained essentially the one and same, just before the split). This is where you got confused. What extra transactions are you talking about? Obviously, this is impossible since after the split these are two entirely different coins. Your claim that Bitcoin Cash (allegedly) has some right or legitimacy to be called Bitcoin is completely irrelevant and inconsequential to the point (as you should understand). Other than that, I could just ask you why you don't humbly accept that you got confused? It is not so much about you being wrong or confused, or whatever as about you trying to stick to some clearly erroneous view or trying to come unscrewed by any means (that's what makes it so fun to comment on)

Well let's back up a step then. Because I think you've incorrectly assumed something about what I believe. I do not think that people can effortlessly move between one chain and the other. At the split though, anyone who had BTC now have the same amount of BCH, so the user base is essentially pre-installed in BCH. If BTC seizes up and becomes unstable or unusable, you don't have to move your bitcoins off that chain or convert them to BCH, you already have those coins (up to the split point, anything done with BTC after that isn't reflected on the BCH chain). BCH's threat to BTC is if the BTC blockchain can't handle future capacity and BCH reaches price parity with BTC, because then user aren't losing money by abandoning the unusable network (TO A POINT, this is not an absolute), you're incentivized to use the functioning network and because of price parity and the fact that your coins are waiting for you there (up to that split point), it lessens the switching costs as opposed to any other alt trying to supplant BTC as the dominant crypto

You again make a few very loose assumptions

Okay, you have your coins doubled (regular Bitcoin and Bitcoin Cash), so if the old network gets congested, you explicitly assume that you could switch to using Bitcoin Cash and transact with it. Basically, you openly say that yourself. What you don't say but still implicitly assume (and this is where your implicit assumption goes awry on the whole) is that everyone is in the same boat with you, i.e. they are ready to accept Bitcoin Cash transfers instead of regular bitcoins. Obviously, this is a false assumption in general, and then we are back to what I've been saying before, namely, that you didn't check if your "theory" would actually work in practice. Besides that, I don't think that Bitcoin Cash is more viable alternative than other altcoins since, as I just said, you can't expect people to still hold these pseudo bitcoins (for the sake of solving their future transaction issues with the regular one)

if you weren't so caught up in your own ego, but your superiority complex makes conversing with you a major chore sometimes

As I also told you, I don't particularly care if someone is wrong or confused, so it is more about your ego not going to accept being confused here. I could even say that it is it exactly which is playing a dirty trick on you

Since the network is identical at the split, you have the burden of proof I suppose of arguing against the notion that there isn't already a system in place that can pick up where it left off at the split point. So yes, while I am assuming that merchants or people who were accepting bitcoin could just as easily accept BCH, since the network is a clone, the addresses are a clone, the private keys are a clone, etc., it seems logical to me that people abandoning the unusable network would find the least friction in taking up the BCH network. If you are a merchant or consumer using Bitcoin, what's preventing you from switching to BCH? Especially if you've already got coins there and especially if the network is gaining favor with the masses amidst a general increase in unusability of the BTC network. That's not to say any transition would be seamless or pick up where BTC left off months after the split, only that it offers the least friction to cross over. Also, any switch wouldn't happen instantaneously. Bitcoin wouldn't suddenly be "unusable" in one instant where it was perfectly usable the instant before. It would be a long, slow march towards unusability, just like last time, and as people become increasingly more frustrated with delays and high fees and the developer's overall inability or unwillingness to address the issue, there will already be a nearly identical system that can address the capacity problem, and as bitcoin loses favor over time, BCH will increase in value as it becomes more viable.

Now, obviously, that is all opinion, as any projection is. That's not a prediction of what will happen, that's my opinion of what is the most likely outcome if bitcoin can't solve capacity. I am rooting against BCH, and I want BTC to remain the predominant crypto. But Bitcoin is not magic. It's 100% fungible and any crypto can replace it with relative ease. Its only advantage is inertia at this point. If it squanders that and allows BCH to reach price parity amidst a capacity crisis, that may the irreversible tipping point.

[exstasie]

Since the network is identical at the split, you have the burden of proof I suppose of arguing against the notion that there isn't already a system in place that can pick up where it left off at the split point. So yes, while I am assuming that merchants or people who were accepting bitcoin could just as easily accept BCH, since the network is a clone, the addresses are a clone, the private keys are a clone, etc., it seems logical to me that people abandoning the unusable network would find the least friction in taking up the BCH network.

This just means that transaction format is similar and the UTXO set has been copied. I don't see how, in practice, Bitcoin Cash is different than other altcoins. It's similarly easy for merchants/services to accept other altcoins. The BTC network has certainly not been cloned; BTC users carrying on normally can't see activity on the BCH network. It's incompatible, ignored by their nodes.

The only thing that separates Bitcoin Cash (or Segwit2x) from other altcoins is marketing. The fact is that any hard fork is an altcoin. Fair enough, maybe we will all be using some altcoin in the future rather than Bitcoin.

If you are a merchant or consumer using Bitcoin, what's preventing you from switching to BCH?

Network activity, demand. Just like any other altcoin.

That's not a prediction of what will happen, that's my opinion of what is the most likely outcome if bitcoin can't solve capacity.

There are wealthy interests in the Bitcoin space with a lot of money to market their BTC fork and spam/attack the BTC network. And they also have a lot of BTC to dump. I don't think they'll prevail, but they (Bitmain, Roger Ver, etc.) are nothing to sneeze at.

[asriloni]

Bitcoin cash will have a high value with the same fork They targeted beside bitcoin In my opinion they will surpass the bitcoin They want to replace BTC with BCH I think it will be possible because of the great possibilities in this world Their aim to make the miners a glad

Are you kidding me? the fork coin just another shit and never to replace the real one. Bitcoin cash just bunch of the greed. The free airdrop coin must not worth a lot just like bitcoin or even surpass it. You must realize what are you said. bitcoin cahs just nothing right now.

[pinkflower]

I did not take Bitcoin Cash seriously, I looked at the price at first, I look again today, at the level of $ 306.10, according to my opinion it will go under $ 100, its usage is not very common, and it seems never to be.

No it wont. BCC is secretly supported by the Chinese mining megacorp. That means whenever this cryptocurrency's price falls, there are interest groups out there who will give it its support. Core knows this and they cant do anything about it except call it names on Twitter.

I don't understand this. If by "support" you mean they will buy $100+ million worth of BCH to make its price rise again, for how long they can do that? Won't they be losing their money, big money, providing that support? I mean even if you have huge amounts of money, you lose couple of billions and stop, right? And then the price goes down.

Things are more intricate than that

They don't have to support Bitcoin Cash indefinitely since people will run out of their BCH tokens sooner or later even if all of them choose to get rid of these tokens. Obviously, quite a few BCH holders aren't going to sell these coins, and some may even be looking to buy more. Anyway, after this initial stage of rampant sell-offs and buy-ups is over, their hands will be untied, and they can proceed to the next level of dethroning Bitcoin (as they likely think). You also seem to discard the possibility that the cartel might be selling regular bitcoins for BCH to prop up the price of the latter

Same thoughts as you. BCC isnt just another fork made on a whim by a few amateur developers like what usually happens with altcoins. This is a well thought out plan for the miners to have a place to run to in case Core succeeds in pushing them out.

[deisik]

You again make a few very loose assumptions

Okay, you have your coins doubled (regular Bitcoin and Bitcoin Cash), so if the old network gets congested, you explicitly assume that you could switch to using Bitcoin Cash and transact with it. Basically, you openly say that yourself. What you don't say but still implicitly assume (and this is where your implicit assumption goes awry on the whole) is that everyone is in the same boat with you, i.e. they are ready to accept Bitcoin Cash transfers instead of regular bitcoins. Obviously, this is a false assumption in general, and then we are back to what I've been saying before, namely, that you didn't check if your "theory" would actually work in practice. Besides that, I don't think that Bitcoin Cash is more viable alternative than other altcoins since, as I just said, you can't expect people to still hold these pseudo bitcoins (for the sake of solving their future transaction issues with the regular one)

if you weren't so caught up in your own ego, but your superiority complex makes conversing with you a major chore sometimes

As I also told you, I don't particularly care if someone is wrong or confused, so it is more about your ego not going to accept being confused here. I could even say that it is it exactly which is playing a dirty trick on you

Since the network is identical at the split, you have the burden of proof I suppose of arguing against the notion that there isn't already a system in place that can pick up where it left off at the split point. So yes, while I am assuming that merchants or people who were accepting bitcoin could just as easily accept BCH, since the network is a clone, the addresses are a clone, the private keys are a clone, etc., it seems logical to me that people abandoning the unusable network would find the least friction in taking up the BCH network. If you are a merchant or consumer using Bitcoin, what's preventing you from switching to BCH? Especially if you've already got coins there and especially if the network is gaining favor with the masses amidst a general increase in unusability of the BTC network. That's not to say any transition would be seamless or pick up where BTC left off months after the split, only that it offers the least friction to cross over. Also, any switch wouldn't happen instantaneously. Bitcoin wouldn't suddenly be "unusable" in one instant where it was perfectly usable the instant before. It would be a long, slow march towards unusability, just like last time, and as people become increasingly more frustrated with delays and high fees and the developer's overall inability or unwillingness to address the issue, there will already be a nearly identical system that can address the capacity problem, and as bitcoin loses favor over time, BCH will increase in value as it becomes more viable

As others have said the network is different

I don't really know whether it is true or not, but if I'm not mistaken, it was the exchanges' condition and requirement that the wannabe Bitcoin should solve the replay issue if its creators wanted it to be listed there. So I guess they should have made the network incompatible to avoid the possibility of replay attacks (since we see BCH tokens listed at most if not all major exchanges by now). But ultimately this is irrelevant since your assumption falls apart at another level. You essentially say that there is nothing that would prevent both merchants and consumers from accepting Bitcoin Cash if the regular Bitcoin is stuck or fails. Even if technically it were so (which it is not), I still couldn't agree with this view. If we are to face the facts, many exchanges (if not all again) suspended even genuine Bitcoin deposits and withdrawals for some time to avoid possible repercussions from the introduction of Bitcoin Cash (until the dust settled). In this way, I can't possibly see how all these people you mentioned could be willing to accept Bitcoin Cash. That would likely wreak total havoc in their accounting unless they are going to accept it as just another payment currency. But then it would be no different from accepting, say, Litecoin, or any other altcoin. Thus your assumption is untenable and not plausible conceptually, not just technically