Fork failed?

[coolcoinz]

bch is a joke. exchanges bch walltes offline so ppls only can trade it and not deposit outside. as soon as ppl can cash it out it will be dead and just another altcoin

That's the reason behind this:

I dont know... as of now BCC's value has doubled since launch.... Im starting to feel like an idiot for not getting my coins on an exchange that would credit me both  

The coin is pumping because only the fiat/btc flow to the market is open. Just wait until they allow for fresh BCC to come into the market and we'll see a large increase in the number of sales. If the buys won't keep up it can go back to $300 or even lower.

[BlackPanda]

The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.

But I see some exchange that can already do trade Bch, they have a value of about 25% of the current bitcoin price. Indeed I'm not sure this can last long, but this is our chance to take advantage. For forking I think this works because it has created bch, this impact of the split that occurs in bitcoin.

[erikalui]

Many said it failed but now with miners not mining blocks, the transaction fee may be very high to deposit these coins and list them on exchanges. Even on bittrex the wallet is under maintenance and hence the market is still unstable. I only found the difference in the transaction confirmations as mine got confirmed within an hour with 50 sats per byte. Hopefully this stays as is.

[sylance]

To say BCC/BCH has failed really depends on how you define fail.  Bitcoin Cash (BCC) definitely created it's own fork and BCC is definitely priced well on the exchanges.  As others have stated, the true test will come in a few weeks when full trading and difficulty rates level out.

[brampower]

To say BCC/BCH has failed really depends on how you define fail.  Bitcoin Cash (BCC) definitely created it's own fork and BCC is definitely priced well on the exchanges.  As others have stated, the true test will come in a few weeks when full trading and difficulty rates level out.

That is exactly a fair analysis,the fork happened a few hours ago and it is really difficult to predict what the future will be,they need to test their network and confirm everything is working fine and after a week we will know what the price would be ,another interesting thing is that,people are planning to sue coinbase as they are not giving the customers BCH and with the price soaring high i am sure we will see some legal actions too.

[Pattberry]

But I see some exchange that can already do trade Bch, they have a value of about 25% of the current bitcoin price. Indeed I'm not sure this can last long, but this is our chance to take advantage. For forking I think this works because it has created bch, this impact of the split that occurs in bitcoin.

The value of BCH is rising from the speculated valuation and i had my plans on dumping the coin as soon as possible but with the level of increase it had today i had my second thoughts,lets see when the major exchanges starts accepting these coins to be deposited,will we see a massive sell off or will it have a good following is yet to be seen.

[iglasses]

BS scam alt coin

[taxmanmt5]

Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?

Yes the fork has been occurred. On 1st of August, i am not sure in which exact hour it happen, but it happened. New cryptocurrency has been created from that, and you probably already know, name of it is Bitcoin Cash or BCC for short. As far as i know it is not going so good for BCC, but i do not support them so i do not care much.

Well, BCC was not a resultant from the Bitcoin fork. This is completely separate entity, which most people do not realize.  There was no hard fork in Bitcoins so technically bitcoin cannot be divided. BCC taking the advantage of the Name and Situation, making it feel to people it another better bitcoin but time will tell it will just be a cheap Alt.

[TetraFugolini]

Only time will tell wether or not this fork was successful. I don't think anyone can give you the correct answer, but I don't really buy the idea that bch(aka bcc) is now worth $6,681,951,262  in market cap. That doesn't seem right to me, I don't think you can create so much money out of thin air.

[eternalgloom]

Only time will tell wether or not this fork was successful. I don't think anyone can give you the correct answer, but I don't really buy the idea that bch(aka bcc) is now worth $6,681,951,262  in market cap. That doesn't seem right to me, I don't think you can create so much money out of thin air.

The marketcap being that high is a result of not being able to deposit BCH to any of the major exchanges that trade BCH, like Kraken and Bittrex.
You can deposit BCH to ViaBTC, but you need 20 confirmations to be able to do a withdraw after you deposit and they require ID verification to be able to deposit.

HitBTC also accepts BCH deposits, I think they need 5 confirmations, but could be wrong on that one.

[Oceat]

Only time will tell wether or not this fork was successful. I don't think anyone can give you the correct answer, but I don't really buy the idea that bch(aka bcc) is now worth $6,681,951,262  in market cap. That doesn't seem right to me, I don't think you can create so much money out of thin air.

I think this BCH(BCC) is just another alt-coin and also i can sense that there's someone behind this. I hope this is not a sabotage in bitcoin community, they risk too much just for this. Which people is not really paying attention because they really believe in the potential of the bitcoin.

[iglasses]

Bitcoin Cash would only be a failure if there was a doublespend, therefore it is a success.

Coinbase will no doubt be sued for not giving out their Bitcoin Cash and the Banana Cash to all Bitcoin holders (Banana Cash was a Bitcoin clone launched a week ago with double the block size of Bitcoin Cash).  Banana Cash will be waiting for a couple years for the hash rate to catch up (still waiting for the miner to mine the first block).  

Coinbase should be sued for every Bitcoin air drop that they did not honor over the past 3 years (of course there were more than one).

It should be against the law for an exchange to not comply with an airdrop, and the penalties should be very severe.

When the Bitcoin Cash hash rate finally comes down allowing us to dump our Bitcoin Cash on the open market, the Bitcoin Cash Foundation will release  press release of the good news (good for adioption) that will make us want to hold it to pay our federal/state/and local taxes with more ease.

The Bitcoin Cash development team is waaaaay more smarter than the Bitcoin Classic devs.

If I got super drunk and passed out the drool line coming from my mouth would make more sense than this.

[xJuturna]

A little of both. The split / fork happened but BCC is broken. I have no way to explain why anyone is giving it the time of day in the exchanges though...

[VasyaPupkin]

A little of both. The split / fork happened but BCC is broken. I have no way to explain why anyone is giving it the time of day in the exchanges though...

A fork is a marketing move of rich people. Someone on this received a lot of money and will get even more.
Everyone knew that BCC was a dead coin. But despite this, we saw a yen above 1000 dollars in the first hours of life. I do not think that this price is justified

[west man4]

The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.

But I see some exchange that can already do trade Bch, they have a value of about 25% of the current bitcoin price. Indeed I'm not sure this can last long, but this is our chance to take advantage. For forking I think this works because it has created bch, this impact of the split that occurs in bitcoin.

The larger one just released the wallets on their exchange.

But yeah. ALmost most of the miners have abandoned it and it is taking a very long time to relay the transactions now.
Some are saying they have waited over 18 hours now for their sending amounts to be received.
This is a complete and utter joke now.
While it was said to have faster times than bitcoin.\
And right out the door they have a 10x worst sending of their transactions.

Instant FAIL!

[BenRickert]

The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.

Once the difficulty goes down more miners would go back if there is a profit incentive.

Nobody can really say it is failed until a few months from now. There is still a chance it will succeed as an alt coin.

If the difficulty drops by 20 times and bcc is worth 1/5th of btc, then miners will to to bcc. They will just switch between coins imo

How the does the difficulty go down if there aren't miners to create blocks?

My prediction is that there will be people going to pay a bounty to have blocks mined.  This is so they can get their money into exchanges.

It's is kind of like having gold, but its stranded in a country without transportation!

Miners are not everything. Miners wanna take profit. Mining of BCC hasn't any profit at this time.
They are waiting for price going up or difficulty going down. If difficulty wouldn't go down the price will go up at short time.

Actually, if you're trying to grow a POW, SHA 256 Cryptocurrency....then yes, miners ARE everything.

[Savik]

Bittrex now accepting BCH. Long transaction times, but the coins will start flowing from the wallets and the dump will begin.

[BenRickert]

Bitcoin Cash would only be a failure if there was a doublespend, therefore it is a success.

Coinbase will no doubt be sued for not giving out their Bitcoin Cash and the Banana Cash to all Bitcoin holders (Banana Cash was a Bitcoin clone launched a week ago with double the block size of Bitcoin Cash).  Banana Cash will be waiting for a couple years for the hash rate to catch up (still waiting for the miner to mine the first block).  

Coinbase should be sued for every Bitcoin air drop that they did not honor over the past 3 years (of course there were more than one).

It should be against the law for an exchange to not comply with an airdrop, and the penalties should be very severe.

When the Bitcoin Cash hash rate finally comes down allowing us to dump our Bitcoin Cash on the open market, the Bitcoin Cash Foundation will release  press release of the good news (good for adioption) that will make us want to hold it to pay our federal/state/and local taxes with more ease.

The Bitcoin Cash development team is waaaaay more smarter than the Bitcoin Classic devs.

Digital drugs???

[hoganJ32888]

The larger one being Bittrex?

The fork did occur but many miners abandoned BCash coin right after it split from the main chain. The exit of the miners results to extremely delayed block creation due to the pre-calcuated difficulty and as a result no transactions with BCash can go through. Overall it fails as a currency, but does decently well on exchanges in spite of the inability to deposit.

But I see some exchange that can already do trade Bch, they have a value of about 25% of the current bitcoin price. Indeed I'm not sure this can last long, but this is our chance to take advantage. For forking I think this works because it has created bch, this impact of the split that occurs in bitcoin.

The larger one just released the wallets on their exchange.

But yeah. ALmost most of the miners have abandoned it and it is taking a very long time to relay the transactions now.
Some are saying they have waited over 18 hours now for their sending amounts to be received.
This is a complete and utter joke now.
While it was said to have faster times than bitcoin.\
And right out the door they have a 10x worst sending of their transactions.

Instant FAIL!

[nidacoinlove]

Someone say yes. someone say no. Could anyone explain that fork has been occurred or not?

the fork has been done so bitcoin cash already created from that fork

that is an altcoin, not a fork, the fork didn't happen theymos said so in his thread, bitcoin cash is an attempt to do a fork but they created an altcoin, but i don't know why they both share the same private key

I guess the bcc creation is the result of the fork. It was for sure a fork but with not a very hard result. Before all this happened I was thinking of that the segwit and the fork combined may give a tough time to the  bitcoin users but thanks God everything is alright.
The bitcoin has once again proved its strength and I hope people will carry on choosing it as a top cryptocurrency. The bcc will be like the rest of the alts in the market.