Bitcoin Cash to the moon? [UPDATED: Lost money I feel stupid]

[ZepaniZeppos]

I kinda ignored it for a while but BCH keeps rising,

So I just hopped onto the Bitcoin Cash train to see where it goes.
It's already above 0.2 BTC

Just hoping to make some quick money, and looking at the volume that keep pumping in I think this is the right decision

https://poloniex.com/exchange/#btc_bch

UPDATE: Mission failed

[Blitzboy]

bitcoin has just had some problems about the transaction fee while bitcoin cash has just succeeded in the 8 mb block. It depends on the users. Right now, they are thinking about which bitcoin is better and how can it support their life. Bitcoin cash can win if the majority of people choose the cheap fee and fast transactions Right now the Korea has the biggest volume in bitcoin cash trading

[ZepaniZeppos]

bitcoin has just had some problems about the transaction fee while bitcoin cash has just succeeded in the 8 mb block. It depends on the users. Right now, they are thinking about which bitcoin is better and how can it support their life. Bitcoin cash can win if the majority of people choose the cheap fee and fast transactions Right now the Korea has the biggest volume in bitcoin cash trading

Let's hope so!

[waqarkahloon]

Bitcoin cash takes too much time for confirmation. IS not that bad for it to use for transaction of money as nobody can wait for 3 4 hours to transmit money. what will be purpose of it if it don't transmit quickly ??

[ZepaniZeppos]

Bitcoin cash takes too much time for confirmation. IS not that bad for it to use for transaction of money as nobody can wait for 3 4 hours to transmit money. what will be purpose of it if it don't transmit quickly ??

Well at least we can now all get our transactions on the same block instead of waiting for the next block if the first one is full.

If Bitcoin is the Boeing 737 then Bitcoin Cash will be the Airbus A380

[Noks]

Yeah i definitely agree with the fastness of the transaction. BTC has this advantage on BCC

[ZepaniZeppos]

Yeah i definitely agree with the fastness of the transaction. BTC has this advantage on BCC

Really? Then why the bigger block size. This does make no sense to me

[Yakamoto]

I kinda ignored it for a while but BCH keeps rising,

So I just hopped onto the Bitcoin Cash train to see where it goes.
It's already above 0.2 BTC

Just hoping to make some quick money, and looking at the volume that keep pumping in I think this is the right decision

https://poloniex.com/exchange/#btc_bch

Reminder that BCH is essentially in the place that BTC used to be, and is highly susceptible to having whales manipulating the value. It isn't exactly easy to see whether or not there is a real market movement going on or if it is mostly whales manipulating the market followed by everyone trying to make money due to the FOMO. It's not bad to make money off of BCH, just don't buy into the meme and think that it is going to be a replacement Bitcoin, which it likely will not be at any point.

[ZepaniZeppos]

I kinda ignored it for a while but BCH keeps rising,

So I just hopped onto the Bitcoin Cash train to see where it goes.
It's already above 0.2 BTC

Just hoping to make some quick money, and looking at the volume that keep pumping in I think this is the right decision

https://poloniex.com/exchange/#btc_bch

Reminder that BCH is essentially in the place that BTC used to be, and is highly susceptible to having whales manipulating the value. It isn't exactly easy to see whether or not there is a real market movement going on or if it is mostly whales manipulating the market followed by everyone trying to make money due to the FOMO. It's not bad to make money off of BCH, just don't buy into the meme and think that it is going to be a replacement Bitcoin, which it likely will not be at any point.

Well, those whales must have a lot of money then. Would this even be worth it? Just saw another 4 BTC buy and many 1 BTC buys on Poloniex

[hitlab]

Yeah i definitely agree with the fastness of the transaction. BTC has this advantage on BCC

Really? Then why the bigger block size. This does make no sense to me

It has a bigger block size but most blocks are not utilizing that space right now. Currently blocks get mined faster in BTC so transactions will be confirmed faster.

Be careful about BCH, the recent growth does not look organic and seems like a pump to me. I am still holding onto my BCH and don't plan on trading it at all.

[crairezx20]

For now bitcoin cash is gaining and increasing its value but its doesn't mean that i can switch into bitcoin cash.. since bitcoin cash still no supported by many merchant and any site.. bitcoin will be still useful except if bitcoin cash can be increase its value and the same as bitcoin value and there are also many merchant and site are accepting bitcoin maybe i can switch to bitcoin cash for now .. just like other said maybe this is a trap.

[Gaaara]

Bitcoin cash takes too much time for confirmation. IS not that bad for it to use for transaction of money as nobody can wait for 3 4 hours to transmit money. what will be purpose of it if it don't transmit quickly ??

Well that's kinda true, the confirmation is really a pain in the ass, but as soon as they fix it there would be a lot of demand and it will boost its value more than before, but as long as Bitcoin core is being at the top I don't see any reason for buying Bitcoin cash there is no other purpose than potential investment.

[aliashraf]

I kinda ignored it for a while but BCH keeps rising,

So I just hopped onto the Bitcoin Cash train to see where it goes.
It's already above 0.2 BTC

Just hoping to make some quick money, and looking at the volume that keep pumping in I think this is the right decision

https://poloniex.com/exchange/#btc_bch

Reminder that BCH is essentially in the place that BTC used to be, and is highly susceptible to having whales manipulating the value. It isn't exactly easy to see whether or not there is a real market movement going on or if it is mostly whales manipulating the market followed by everyone trying to make money due to the FOMO. It's not bad to make money off of BCH, just don't buy into the meme and think that it is going to be a replacement Bitcoin, which it likely will not be at any point.

Bitcoin cash is not a stranger, it is btc's brother that has chosen a different approach, actually a different goal: to become a real cash! It is what the name implies too.

SW enthusiasts' focus is security and decentralization with scalability in second or third place. This leads us to a secure and valuable asset, a hedge and not necessarily a cash.

As of decentralization issue, I think both bitcoin and its cash version suffer from their ASIC vulnerability (believe me it is a vulnerability) and it is just about incentives that prevents corporates  from attempting a takeover, say buy shaping a trust or a consortium, it has nothing to do with poor, small miners who are unable to afford for a bandwidth or system upgrade(I afraid such miners do not exist at all), it has nothing to do with small block size.

SW is a brilliant piece of code that solves a lot of vulnerabilities and helps scalability in some degrees and it is  just an unfortunate that it has been understood and implemented as an alternative and not a complement to block size increase.
 
So, I think bcc fills the gap and won't go anywhere other than top 5 cryptos and the recent price surge is a fundamental move and not a game.

[jonald_fyookball]

SW is a brilliant piece of code that solves a lot of vulnerabilities and helps scalability in some degrees

SegWit is not brilliant.  It's over-engineered garbage that tries to shoehorn in a (meager) capacity increase without a hard fork,
leading to all kinds of oddities like anyone-can-spend transactions , discardable signatures, modified economic incentives, etc.

It actually introduces new vulnerabilities while not really helping scalability much and possibly even making future on-chain scaling harder.

[Dudeperfect]

I am not very much impressed with the idea of Bitcoin cash. However, I am not against it and I am completely aware of the fact that BCC might perform well in the capacity of alt-coin. While speaking about the current situation, I think this is pure speculator's move and I don't think it will reach Bitcoin's level in terms of active users or even in the price. Even there are not many exchanges and BCC has some issues with the confirmation time (I have not used it but one friend of mine had some issue with the BCC transaction period). Considering the whole scenario and potential, I think Bitcoin is far better in such situation (it may sound biased opinion but it is a fact).

[Variogam]

Not before merchants replace Bitcoin with Bitcoin Cash. It would make sense though, Bitcoin Cash is meant to be usefull for payments while his little brother Bitcoin to speculative investment.

[MaskMars1]

I am not very much impressed with the idea of Bitcoin cash. However, I am not against it and I am completely aware of the fact that BCC might perform well in the capacity of alt-coin. While speaking about the current situation, I think this is pure speculator's move and I don't think it will reach Bitcoin's level in terms of active users or even in the price. Even there are not many exchanges and BCC has some issues with the confirmation time (I have not used it but one friend of mine had some issue with the BCC transaction period). Considering the whole scenario and potential, I think Bitcoin is far better in such situation (it may sound biased opinion but it is a fact).

I completely agree with your opinion. The BCC coin can never become a real competitor to bitcoin. But we will sometimes see the price increase of this coin. Not because it became more popular, but only because of speculation

[Ctn]

It is very debatable question about BCC, nobody really understand why it is being pumped so much. Some of us are speculating that it is because of the Korean group that is bringing up this change. As they are getting too much volume pumped into BCC, which looks intentional pump for getting quick profits but no matter what it won't last long. The BCC price can not be modified to that of BTC which has been on the market since a decade now. It has gained popularity and sincerity of the investors but BCC will never come to that level so early.

[jonald_fyookball]

  nobody really understand why it is being pumped so much

It is because it offers better fundamental value as a payment system, and because its more profitable to mine at the moment.

Sure, BTC has a larger ecosystem which is why its 4 times as much price, but if BTC does not QUICKLY get its act together, its
going to get replaced.

[savioroshan]

For traders, its the best time to invest in bitcoin cash. Definitely it will cross 1000 dollars within 3 months. So those who are investing right now in btcc will get more profit. I also read somewhere that bitcoin cash is more profitable to mine than bitcoin and because of that more miners are shifting from bitcoin to bitcoin cash . But I don't think it can be a good competitor for bitcoin.