Will Bitcoin (BTC) be killed by BCC soon?

[ramsdaj28]

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 

Interesting topic. I don't think that BCC will overtake BTC in terms of value. We all know that BTC is the father of all cryptocurrency. I just don't see the future wherein people are relying more on BCC than BTC. I mean, it's just weird that people have their eyes most of the time on BCC than on BTC. It's not really realistic for me.

[MyIdeas]

what do you mean about kill BCC?
BCC just shit coin i dont knwo why many people strongly believe in this coin. Mine is very difficult, I'm sure without being killed one day will die BCC  

from Antpool twitter today:
"AntPool has already launched BCC mining pool for miners.
We will launch a smart BTC mining service that switch from BTC to BCC automatic."

AntPool is the biggest miner for Bitcoin.

[https://twitter.com/AntPoolBITMAIN/status/899543208106926080](https://twitter.com/AntPoolBITMAIN/status/899543208106926080)

BTC can stop working if the miners are moving to BCC for profitability. Which is happening right now.
BTC will not disappear but it will become unusable and technically dead.

Do you think that all the miners will leave BTC and do you really think that people won’t take it as chance and we will have new miners for BTC? If in Microsoft, somebody leaves for Apple, I am sure thousands are ready to take that one seat. Let them go and old ones will be replaced with new ones. BCC cannot even defeat BTC in its dreams.

[ipanks]

i don't think so that every miners will leave to mining bcc than btc because i think there will be many miner is staying for mining btc and they can make huge profit because another miner is leave the pool. but i wonder how much the difficulty and the reward for getting 1 block of bcc? is it the same as btc reward? but i think its the miner choice for what they want to mining because its depend with the hardware that they use and i think if they have big hashrate then i am sure that they will stay with btc.

[krishnapramod]

This is fully bullshit talking ever! Bitcoin world's first decentrilized digital accet, a big market cap. After the fork I usually have been heard something like this, but no strong point behind it.

How is it bullshit? Check the math and you will see this is very real and taking place like...right now.

Times without number this issue has been discussed and the final conclusion, has been that there is no way its going to happen, either because of price or mining difficulty or even the speed of transaction because by the time the impending hard fork will be happening then all the attention BCC is getting will be divided while bitcoin will remain strong.

Black Swans happen exactly when you anticipate them the least you know.

Do not fear those miners will come back mining bitcoin when they have had enough profit from mining bitcoincash. Bitcoincash will probably not kill bitcoin soon since many people still use it despite having bitcoincash.

Cope.

It is currently 75.6% more profitable to mine on the Bitcoin Cash blockchain.

It is currently 136.2% more profitable to mine on the original chain.

There is a possibility of chain death spiral/black swan event if and only if more than 90% of miners switch and difficulty reset doesn't happen. Now logically miners are profit driven.

1. Majority of miners would switch if and only if Bitcoin Cash block reward is more than Bitcoin block reward. Currently, $4111/$669, 6/1.

2. If not block reward then Bitcoin Cash difficulty should be 6x lower than that of Bitcoin to be profitable to mine.

3. A good number of miners mining on Bitcoin Cash would rapidly increase the difficulty. This just happened. Bitcoin is more profitable to mine now, logically miners switched.

I guess miners are making a good profit switching from one chain to another. Theoretically the chain death spiral seems possible, but practically I don't see it happening, not anytime soon or in future. For something like that to become possible, Bitcoin Cash should have a value more than that of Bitcoin, short-term pumping alone doesn't give a coin any substantial value, maybe temporary and then the crash.

[Oo ako to]

No. Bitcoin will always be there and BCC is just copycat trying to pretend they can replace it's origin. The BCC is just temporary and  basically they are just  hyping it so they can sell their "free" bcc after the split event with a higher price.

[Kakmakr]

I see a future scenario where these pools will move between BCC and BTC depending on the difficulty and the transaction volume. We might see a build-up in the BTC MemPool and the miners will shift back to clean that up and to sweep the fees. They will follow the money and for them it is all about profitability.

If you owned these mining farms, you would also move to the coin that are more profitable to mine. Would you not?

[poetra2501]

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 

Interesting topic. I don't think that BCC will overtake BTC in terms of value. We all know that BTC is the father of all cryptocurrency. I just don't see the future wherein people are relying more on BCC than BTC. I mean, it's just weird that people have their eyes most of the time on BCC than on BTC. It's not really realistic for me.

Of course, BCC cannot overtake BTC in terms of value, but I think BTC cannot kill BCC too.
BCC is altcoin which if there having biggest community or big minner will mine it then
BCC will become greater altcoin in the cryptocurrency world.  

[exstasie]

I guess miners are making a good profit switching from one chain to another. Theoretically the chain death spiral seems possible, but practically I don't see it happening, not anytime soon or in future. For something like that to become possible, Bitcoin Cash should have a value more than that of Bitcoin, short-term pumping alone doesn't give a coin any substantial value, maybe temporary and then the crash.

The drop in Bitcoin's hash rate hasn't recovered. I don't think it was "miners" (unknown, plural) switching to Bitcoin Cash. I think it was Bitmain. That's why the hash rate isn't recovering now that Bitcoin is more profitable to mine. Bitmain isn't moving its BCH hash rate back to Bitcoin.

That's the piece that's missing from some folks' analysis here. Bitmain has very deep pockets. They were willing to mine BCH out of the gate when it was unprofitable; they'll do it again now. I wonder how long they could prop the market and continue this cycle, though.

[btcjocan]

No. Bitcoin will always be there and BCC is just copycat trying to pretend they can replace it's origin. The BCC is just temporary and  basically they are just  hyping it so they can sell their "free" bcc after the split event with a higher price.

I agree BCC is just a temporary currency now and I think those frustrated investors wast making fun to ruin the system of bitcoin had for a past long years. That's actually hyping in order to divert people's mind over it, and also wonder why still there were people whose in doubt against bitcoin for now despite of what we've actually noticed of it's current price in the market. So to say a final conclusion about that, BTC will be as stronger as it is from the previous and it will remain firm of it's foundation.

[suppersz]

BCC/BCH is just an agenda by miners. They have incentive to do it for their precious ASICBOOST that is incompatible with segwit. Plus, increasing the blocksize will only make it more centralized. As time goes on, BCC would have a much greater blockchain size, and would limit the number of individual people who could host one. Would you honestly host bitcoin nodes if the blockchain size is 2TB?!?! Only the big companies would have it, making BCC more centralized.

[Bittoshi]

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 

It will not continue. If too much mining power takes place, they will raise the difficulty again. That's part of the game. They lower the difficulty to attract more miners and when there are too many of them, the difficulty raises, so some of them go back to mine BTC again.

[bandungan]

looks like it was going to be difficult for the BCC to beat BTC in terms of value, someone was too happy with the BTC that the price was already very clear the movement of the ups and downs, in addition to the BTC can be made the parent of all the coins. I think the less realistic if the BCC will kill BTC is still very difficult.

[anylic]

That may happen in the near future if markets and countries around the world start diverting and accept liquidity with BCH instead of BTC, That is a clear sign of the winner of this war

[hajimasan]

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 

Everything is right but why you are not trying to understand this thing in another way because here bitcoin is bitcoin the king and bitcoin cash is still a altcoin because it has not ease to use by everyone with official Wallet like bitcoin have blockchain.info .
So think in smart way .
And also if you are thinking that people are investing thier money in bitcoin more than what they were making in bitcoin then , it is your misunderstanding because this coin is in its starting phase , so people have craze of investment more and also i am sure that in the future the difficulty of the bitcoin cash will increase like bitcoin .
So here in the both contradiction thinking we should use both coin because we will go through that way which can give more and more profit for us .
So accept currently bitcoin and bitcoin cash as an investment and also for trading .

[herurist]

Something is happening right now that can kill Bitcoin BTC.

BCC announced that they have lowered the difficulty of their algorithm.
The consequence is that now it is more profitable for miners to mine BCC than BTC.
20% of the Miners moved to Bitcoin cash!

If it continues like this, Bitcoin may become unusable. Transactions will become impossible or very long.

Bloody times are coming. I have moved all my assets in fiat, waiting to see what is going to happen. If Bitcoin Cash wins, it will be a tsunami comparable to the bubble of the techno in 2000.

What do you think?

 

I do not agree with you, those coins will not kill each other. My reason is simple, coin will dump/ killed just because their supply and demand not worth again in the real market. Most people will leave any coin that not have value and no gain profit. Every coin has a chance to become number one but also dump as trash. How they survive on real market is just because they still have value to giving profit or as an alternative payment. BCC can't kill BTC because every coin has the same source, only BTC. Even BTC sometimes has low price but most people still have trust with that coin. Never lost faith with BTC and have a nice day.

[ObscurePen]

Yeah, we lost a lot of hash power recently. Bitmain consistently continues to push its support of Bitcoin cash and they are profiting while Bitcoin is suffering. I have to give it to them. They are smart. Did you hear about the “auto miner switcher thing” that Antpool launched? This “thing” allows miner to switch between either pools almost immediately. I have heard reports that it actually switches between both pools according to the profitability. Another scheme to make profit! Transaction fees has already risen. I suspect that I was actually paying less for my transaction fee before the hard fork occurred. I am quite confused at the moment as to what is happening. I have continued to trust Bitcoin and the majority of my funds are still in cold storage. If the situation gets any worse, I will be switching all my money to gold. It is far more stable at the moment.

[Lmaooo]

Anyone with a right mind can't think that is possible. I mean come one, BCC is just copy/paste of Bitcoin code with changed configuration file, now can a copy ever be better than the original ?

No way, BCC might be a good Altcoin in the future but I see no possibility of BCC surpassing the original BTC.

[doedz]

Impossible, BTC prices will not be replaced by BCC. How could a coin just 1 month old be able to beat a coin that has been a few years at the top. OP might say this because he sees the BCC is currently moving in a positive direction.BTCBTC

[IIOII]

People believing that BCash will be able to compete with Bitcoin in the long term are delusional.

BCash is a centralized altcoin, lacking a competent developer community. The current market valuation is an artificial bubble.

[aoluain]

I honestly believe that the current trend in BCC is
just that a trend which has yet to be corrected....Downwards.
there is no way with the amount of FIAT etc invested
in BTC that BCC will replace it.

When BTC starts to regain momentum we will see a mass
exodus from BCC.