BCH threat to BTC?

[Juggy777]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

I don't see it as a threat it's a bug filled coin and hardly people are using it or even remember of its existence. Many of us could have claimed it but I didn't and I know so many others who didn't. Simple reason was it's not worth it, it's stolen the name of Bitcoin but it's a alt and alts is the eneny and enemy always dies. Look Bitcoin is a brand this bcc is nothing but cheapskate trying to fool people and I think every one of us here is wise enough to know better.

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[BTC-BTC-BTC]

There is no threat to the bitcoin. Bitcoin cash just another alternative coin and it has its own market and going thru it own up and down cycles. The cryto market is big enough for another alternative coin.

[Zeke_23]

actually bch is not a threat to btc. bch is also just an alternative coin that circulate in the market. bch is nothing than btc. even its price is increasing now it is still nothing than the price of btc. btc reaches a lot of countries while bch is just starting.

[aoihs00]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

Agreed, the price was not supposed to be like that for BCH. It has gone way high currently and when we were in the transition period of hard fork everyone was sure that BCH will be dumped like anything but exactly opposite happened with it and the price started rising up. Who knows there might be a time when we will have to trade BTC against BCH. We thought it would be zero and like other alt coins but as we can see things are different now. So we need more data until we can figure out what really happening. This might be the highest it can go or there might be chances it will go u more than this, nothings predictable at this time.

[Sadlife]

Its not much of a threat to BTC, the koreans thought it was an upgrade to btc this may look a potential pump and dump as the price is not back up by solid investor but rather superficial. What would happen if the koreans realize that its not the coin they thought it to be. And plus bitcoin has far more stability in it's price cause it is supported by millions of merchants around the world, countries started accepting it and it is now widely use as a payment method. A newly born altcoin can never be  a compete with bitcoin.

[coynedterm]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

No , Actually this is the better combination of the bitcoin with the BCH where investment by Bitcoin ( because we can see most of the investment has been done with the bitcoin than in bitcoin ) , so indirectly here increasing of demand in the bitcoin we are seeing to make investment in the BCH coin .
Here in the future both of these coins will grow together because both of these coins are made by the same team and after small times of interval these two coins will work over the market totally independent because in this start of the life of the BCH coin investors are less attracted but in two to three months people will fastly enter in in the bitcoin cash investment because this is that opportunity that we should not loose ( like the bitcoin in 2008) .
So overall no threat will be for the bitcoin due to bitcoin cash .

[Herbert2020]

bitcoin cash is not exactly a threat to bitcoin but i believe that it will continue to cause some problems for bitcoin as long as it is alive.
the most obvious kind of problem will be attacks they make against bitcoin publicly in the social media. and we all know that FUD of this type will always harm bitcoin and cryptocurrencies in general.
the other kind will be the mining kind. this may not be so serious but still it can cause some troubles as miners can switch anytime they want, leaving one chain with lower hashrate and the minimal damage is slower blocks and at worst it will be attack-able.

[Sithara007]

Its not much of a threat to BTC, the koreans thought it was an upgrade to btc this may look a potential pump and dump as the price is not back up by solid investor but rather superficial. What would happen if the koreans realize that its not the coin they thought it to be. And plus bitcoin has far more stability in it's price cause it is supported by millions of merchants around the world, countries started accepting it and it is now widely use as a payment method. A newly born altcoin can never be  a compete with bitcoin.

Don't think that the Koreans are that stupid. They must have carefully analyzed both Bitcoin and Bitcoin Cash. And a major part of the investment came from institutional players, as per the ground reports. These people might have found something positive about the future prospects of Bitcoin Cash. That said, even now there is hardly any chance of BCH overtaking BTC.

[Jenn09]

I don't see BCH will be a threat to BTC coz BTC is a firm institution that no one can destroy, As we can see day by day that BTC price is strongly goes up coz many of us believing in this coins & no one will take place that. Meaning to say BCH will goes up but not takes place the position of BTC in crypto world

[Fatunad]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

Its not actually a threat and that kind of price increase is just really a normal thinking back in the past when bch do exist on the market its price rose up on 1k usd and suddenly crash back again on 200 usd which means there still hype and somehow a manipulation on its price which we cant really consider for this coin to be a thread on Bitcoin itself. Original would still remain as original.

[BitcoinerXX]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

Its not actually a threat and that kind of price increase is just really a normal thinking back in the past when bch do exist on the market its price rose up on 1k usd and suddenly crash back again on 200 usd which means there still hype and somehow a manipulation on its price which we cant really consider for this coin to be a thread on Bitcoin itself. Original would still remain as original.

bcash is a threat because it uses the same miners as bitcoin with lower difficulty due to faster adjustments. its a threat because currently it is 125% more profitable to mine on bcash than btc. if miners jump ship for more profit btc blocks will slow and people will jump ship also.

bcash is VERY much a threat.

if bcash dont drop in value soon there will be dark days ahead for btc and crypto.

[illinest]

Its not much of a threat to BTC, the koreans thought it was an upgrade to btc this may look a potential pump and dump as the price is not back up by solid investor but rather superficial. What would happen if the koreans realize that its not the coin they thought it to be. And plus bitcoin has far more stability in it's price cause it is supported by millions of merchants around the world, countries started accepting it and it is now widely use as a payment method. A newly born altcoin can never be  a compete with bitcoin.

Don't think that the Koreans are that stupid. They must have carefully analyzed both Bitcoin and Bitcoin Cash. And a major part of the investment came from institutional players, as per the ground reports. These people might have found something positive about the future prospects of Bitcoin Cash. That said, even now there is hardly any chance of BCH overtaking BTC.

Maybe they figured out that Bitmain is backing BCH, and controls a majority of Bitcoin hash power!

It's very interesting that BCH and BTC seemed to be perfectly inversely correlated for the past 2-3 days. I know it's possible to manipulate these illiquid markets, but maybe that's not it. Maybe there really is something to this Metcalfe's Law stuff, and maybe we are seeing a network split occur in slow motion?

[JohnBitCo]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

For a common man, this increase in BCH price looks like an alien thing as everyone was predicting it to fall high time. But if we look at the facts, we shall come to know that since BCH was distributed free from the hardfork, this made most of people to sell their free Bitcoin cash and got BTC instead. This happen in the last few week and price was consistantly dropping because of this high selling. But then when those people emptied their BCH, the  real miners and investors left and they start purchasing it to make its price rise again.

[pardede]

I think bitcoin will still excel because bitcoin is more famous and much interested

[squatter]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

For a common man, this increase in BCH price looks like an alien thing as everyone was predicting it to fall high time. But if we look at the facts, we shall come to know that since BCH was distributed free from the hardfork, this made most of people to sell their free Bitcoin cash and got BTC instead. This happen in the last few week and price was consistantly dropping because of this high selling. But then when those people emptied their BCH, the  real miners and investors left and they start purchasing it to make its price rise again.

The contrarians who understand market sentiment and remember the ETH/ETC split knew better than to follow these predictions. When everyone expects one outcome (e.g. for BCH price to plummet and for the chain to die from lack of use and hash power), the opposite will likely happen.

I highly doubt that Bitcoin Cash is viable long term (compared to Bitcoin), but it's certainly just as viable as many altcoins. I could see it remaining in the top 10 if Bitmain is willing to keep sponsoring it. Now that it's more profitable than BTC to mine, it's not a bad deal, either...

[BitcoinPanther]

I do not think that BCH is a threat to BTC.  First BCH is already an altcoin and BTC had been established as the main network.  Aside from that BCH give demands to BTC, once it become successful, people will buy it through BTC thus it gives BTC more audience as BCH become popular.  I think this two coin can exist harmoniously.

[wellsontheja]

I think no
BCH can't be a threat for BTC it's does not mean because BCH Lately continue to rise in price it's make that coin become a threat for bitcoin and However bch remains a newly emerging coin in the public

[Mandoy]

After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??

BCH has its own market and it is never a threat to BTC. BCH has its own market as an altcoin and of course since BCH is bitcoins clone its value could likely hit more than just 0.2 btc we can expect more increase on its value on the coming years. But hey just like Ethereum and Ethereum Classic , Ethereum was way ahead and so was BItcoin it will never be surpassed by BCH.

[LFC_Bitcoin]

I don't think it's a serious threat bit bitcoin as the number 1. It doesn't have to be for me, I'm not really bothered. It's free money, personally I just need to decide when to dump all of mine.

[Pierre 2]

I don't think it is ever going to be threat to bitcoin.
Bitcoin is just too big to fail. Bitcoin cash is just another alternative to bitcoin's worth. It won't damage but instead it will create options to choose.