BCH threat to BTC?

[Theb]

I don't think so bro because Bitcoin Cash will always be the weaker clone of Bitcoin, in which people will see it as another kind of Alternative Coin, it won't be viewed as what people see Bitcoin right now. Also I think the greatest affect of the Bitcoin to Bitcoin Cash exchange rate is the price of Bitcoin lately going down which as of now is 4100$ compared  to where it was before (4500$). But I greatly disagree the opinion on Bitcoin Cash being the greater among the two it simply does not have the support Bitcoin is getting.

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[Variogam]

BTC and BCH have different use cases, so no threat at all.

BCH is meant to be usefull for payments because of enought space for Bitcoin Cash transactions.
BTC is meant to be usefull for speculative investment because of very limited space for transactions.

Bitcoiners have both coins in about the same distribution, so the coins are complementary for different use cases. Hopefully merchants replace Bitcoin with Bitcoin Cash soon, because Bitcoin fees are too high for this, and Bitcoiners have Bitcoin Cash as well.

[whereismylambo]

BTC and BCH have different use cases, so no threat at all.

BCH is meant to be usefull for payments because of enought space for Bitcoin Cash transactions.
BTC is meant to be usefull for speculative investment because of very limited space for transactions.

Bitcoiners have both coins in about the same distribution, so the coins are complementary for different use cases. Hopefully merchants replace Bitcoin with Bitcoin Cash soon, because Bitcoin fees are too high for this, and Bitcoiners have Bitcoin Cash as well.

Very funny lol 

[Variogam]

Very funny lol 

The only funny thing is paying 5%-20% Bitcoin fee when buying standard things like hosting. So you see, Bitcoin is not meant for this, thats why Bitcoin Cash would be much better. But it does not threat the Bitcoin speculative investment, which it already is (and it works!).

[CrackedLogic]

Very funny lol  

The only funny thing is paying 5%-20% Bitcoin fee when buying standard things like hosting. So you see, Bitcoin is not meant for this, thats why Bitcoin Cash would be much better. But it does not threat the Bitcoin speculative investment, which it already is (and it works!).

You can change the transaction fee amount, just sayin'. But you're right in speculation with merchants transitioning over to bch for transactions, the legacy confirmations are too long imho.

[JL421]

It is i just started to feel rich about myself but i suddenly saw the price of bitcoin cash and it isn't stopping at all people are showing more demand for it that bitcoin i really don't like this idea if this continues to happen bitcoin cash will replace bitcoin soon and all my savings will be finished i hope this stops

[darkangel11]

Very funny lol  

The only funny thing is paying 5%-20% Bitcoin fee when buying standard things like hosting. So you see, Bitcoin is not meant for this, thats why Bitcoin Cash would be much better. But it does not threat the Bitcoin speculative investment, which it already is (and it works!).

You can change the transaction fee amount, just sayin'. But you're right in speculation with merchants transitioning over to bch for transactions, the legacy confirmations are too long imho.

But still BCC network isn't loaded with transactions and it hasn't been tested under load yet.
Do you believe that once a couple million users start flooding BCC chain with transactions it will remain cheap and fast? Bitcoin used to be like that 5 years ago, but times change. 5 years for a software is like 50 compared to aging of a man.

[marky89]

The only thing that's confusing me here is who is mining BCH other than ViaBTC?

no one. viabtc is bitmain, the mystery miner is bitmain too. bitmain created it and bitmain is subsidising it to the hilt.

That's what makes this so interesting. If the rumors are true that Bitmain controls a majority of global hash power, we could be in for a real show. Now that we are through the initial turbulence (i.e. BCH is now profitable to mine), they can use hash power through different proxies to give the appearance of rational miners defecting to BCH. It's pretty brilliant when you think about it.

I'm not sure if it's worth the risk of significantly splitting the Bitcoin network (if it turns out both BTC and BCH are viable and vying for the title of "Bitcoin"), but maybe retaining AsicBoost and slowing the proliferation of payment channels is worth it for Bitmain.

[crypto_fan_boy]

Lol, yesterday, I shorted BCH/BTC at a price 650 USD and I it screwed up -,- Thank god I pulled out soon and used really low margin for that... But I cannot wait to short this shit! Gonna the biggest profit I have ever done in margin trading, god (well, considering I will short it right in time)

[bamboylee]

Very funny lol  

The only funny thing is paying 5%-20% Bitcoin fee when buying standard things like hosting. So you see, Bitcoin is not meant for this, thats why Bitcoin Cash would be much better. But it does not threat the Bitcoin speculative investment, which it already is (and it works!).

You can change the transaction fee amount, just sayin'. But you're right in speculation with merchants transitioning over to bch for transactions, the legacy confirmations are too long imho.

Confirmation in bch is fast because it does not have that much transaction yet. Maybe in a few years when it have millions of transactions we can see if it can really combat scaling problems. only then we can see if it can really outdo bitcoin.

[eaLiTy]

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??

There is no threat to the bitcoin market,bitcoin cash has its own market and if you are looking at the sharp price rise then it needs a much bigger push than we saw today to see the price reaching the levels of the price of bitcoin and that needs a very huge investment and interest in it for that to happen,the issue only happens if the upgrade does not do any good for the problems we had in the past,other than that there is no other threat .

[batang_bitcoin]

No threat at all just because of those things. Try to look at the brighter side, this will make bitcoin even healthier and greater with its current price. Traders, whales are still supporting bitcoin as the main head in the ecosystem of crypto currencies. And they are just taking the advantage of getting some profit through BCH and will buy btc after taking profit.

[|Bitkoin|]

No way. This is out of the question. The price is rising because BCH is getting pumped by Koreans.

[marky89]

Lol, yesterday, I shorted BCH/BTC at a price 650 USD and I it screwed up -,- Thank god I pulled out soon and used really low margin for that... But I cannot wait to short this shit! Gonna the biggest profit I have ever done in margin trading, god (well, considering I will short it right in time)

You sound just like the classic bitcoin bear, always waiting to short as the price keeps pumping. This was definitely the popular sentiment recently, and it's exactly why I think BCH price has pumped so hard for the last day or so. Like any other altcoin, I'd be very careful shorting BCH until after it has seen significant price increase followed by distribution and stagnation. It could remain bullish for weeks or months before it's worth shorting to me. I don't like to short crypto, anyway. That's what forex and oil are for.

[BitcoinerXX]

No way. This is out of the question. The price is rising because BCH is getting pumped by Koreans.

you guys are in denial, bcash is proving to be a very credible threat. the asian pump may just be the beginning. hash rate on bcash has tripled along with the price. the bcash attack is proving more successful then people thought it would be. if things don't swing back in favor of btc soon, this could be the end and just just the end of btc but the end of the cypto experiment in general. in any event, i think we'll know in the next 2 weeks.

[Farfenkugel]

I think we can assume that bitcoin is not threatened by any coin. Alt coins are created in the hope to be a huge succes like bitcoin, but as proven, no coin has been a threat this far.

If there is any coin we should be looking at to put some pressure in the future is etherium imo.

[cpfreeplz]

anyone surprised by this pump needs to get out more.

there's less of it.

it was created to spook bitcoin.

roger ver announced the pump.

the koreans are so stupid they poured into it thinking it was an upgraded bitcoin.

it's the best pump and dump coin ever as it has that baked in flippening fear.


it also has 100% centralised mining and development so is basically the paypal of roger ver's dreams.

the real threat is the 2x coin if it happens. that would be a whole world of mess compared to this.

No way! It's only 97% centralized!! Hahaha.

It's a joke coin. It's basically a coin that only the lead dev mines but then they try to shove it down everyone's throat. The main difference is it was a very public bitcoin hardfork so that's the only reason anyone has evenhanded of it or thinks it's legitimate. It's NOT!!!

No way. This is out of the question. The price is rising because BCH is getting pumped by Koreans.

you guys are in denial, bcash is proving to be a very credible threat. the asian pump may just be the beginning. hash rate on bcash has tripled along with the price. the bcash attack is proving more successful then people thought it would be. if things don't swing back in favor of btc soon, this could be the end and just just the end of btc but the end of the cypto experiment in general. in any event, i think we'll know in the next 2 weeks.

When is Roger Ver planning the 51% attack?

https://themerkle.com/unknown-bitcoin-cash-miners-control-almost-97-of-the-networks-hashpower/

[jatin729]

Not yet , Because BCH is kid right now because it has just born. BCH may  take 5 years to overtake the bitcoin.
example bicoin took 8 years to Achieve that popularity.
 
.

Question arises why i am taking 5 years for BCH to overtake BTC ?
Answer - When BCH created Price was about 170USD which was far more than value of bitcoin when btc.
              that's why probability is higher for  BCH.

[BitcoinerXX]

anyone surprised by this pump needs to get out more.

there's less of it.

it was created to spook bitcoin.

roger ver announced the pump.

the koreans are so stupid they poured into it thinking it was an upgraded bitcoin.

it's the best pump and dump coin ever as it has that baked in flippening fear.


it also has 100% centralised mining and development so is basically the paypal of roger ver's dreams.

the real threat is the 2x coin if it happens. that would be a whole world of mess compared to this.

No way! It's only 97% centralized!! Hahaha.

It's a joke coin. It's basically a coin that only the lead dev mines but then they try to shove it down everyone's throat. The main difference is it was a very public bitcoin hardfork so that's the only reason anyone has evenhanded of it or thinks it's legitimate. It's NOT!!!

No way. This is out of the question. The price is rising because BCH is getting pumped by Koreans.

you guys are in denial, bcash is proving to be a very credible threat. the asian pump may just be the beginning. hash rate on bcash has tripled along with the price. the bcash attack is proving more successful then people thought it would be. if things don't swing back in favor of btc soon, this could be the end and just just the end of btc but the end of the cypto experiment in general. in any event, i think we'll know in the next 2 weeks.

When is Roger Ver planning the 51% attack?

https://themerkle.com/unknown-bitcoin-cash-miners-control-almost-97-of-the-networks-hashpower/

the bitmain cartel has already attacked bitcoin with its hard fork and easier difficulty adjustments. to finish the job all the bitmain cartel has to do is move its considerable hash from btc to bcash. btc takes too long to adjust difficulty, the network will grind to a halt and people will probably jump to bcash. this is the bet the koreans are making.

the problem is, if its this easy to destroy bitcoin, then the whole crypto experiment is a failure. there's nothing stopping someone from doing the same to bcash in the future and so on. its sets a bad precedent and its going to be one big sad mess if bitcoin cant survive this.

[jackhdt]

Current exchange rate: BCH/BTC : 0.193
The price is growing fast. I think BCH will increase in the next few days on reaching 0.3 BTC
BCH will become valuable coins after BTC but to take the head is very difficult