BITCOIN CASH is probably DYING

[btcprospecter]

Well that didn't last long then. Did anyone actually have any real hopes it would do well. No wonder so much was dumped on fork day. How can all these other coins really compete with bitcoin.

[PotatoBlood]

https://www.tradingview.com/chart/BCHBTC/2QeAXwYv-True-value-of-Bcash/

says enough

[Pasnik]

Well that didn't last long then. Did anyone actually have any real hopes it would do well. No wonder so much was dumped on fork day. How can all these other coins really compete with bitcoin.

In the first place bitcoin cash created I dont buy and hold for it because I can feel that bitcoin cash will not increase the price long. I believe bitcoin cash couldnt compete really in bitcoin as ofcourse bitcoin is the best investment.

[virtualhero]

Bitcoin Cash will not die but it will never surpass bitcoin. It will become a whale's target for pump and dump.

[samy_voc]

I agree. BCH is here to survive and if you do day trading on it we can make some small profits. It is a stable coin which does not get dumped so it is stable.That is my take.

[appleffi]

Bitcoin Cash will not die but it will never surpass bitcoin. It will become a whale's target for pump and dump.

I also think Bitcoin Cash will not die because as long as bitcoin BTC is there, it's is congruent. And since bitcoin is currently up right now, the probability of bitcoin cash dying is not going to happen as of now.

[steveouttrim]

All cryptocurrencies go up and down in value. A dip doesn't mean it is dying. There are many people aware of the currency and it is cheaper than BitCoin, it is likely that people will keep trading it. A volatile coin is more profitable for traders.

[blockchainmarketus]

From the first appearance there were so many rejection, some people blamed BCH for the decreasing of bitcoin price and you can see how people reacted after BCH is out, people directly sold their coin for bitcoin, so actually from the first BCH already lack of interest

I never think to hold BCH  as my investment  coin. BCH supporters don't come from the real community. They are big because they hijack bitcoin miners, developers and users. At the first laucnh, I think it is the biggest airdrop ever in bitcoin history. The community receive free coins and happy to trade, They don't want to keep their BCH in their wallet but they sell it to earn BTC. They now earn more BTC from airdrop. The next scenario is segwit2x, the bch holders will sell their BCH to BTC to earn BTC gold or whatever name and sell the new coin again to earn more BTC. The massive selling of BCH will drop the price of BCH in the exchanger, it will cause decreasing attraction to BCH miners because of low price, it means low profit.

[Minecache]

https://www.tradingview.com/chart/BCHBTC/2QeAXwYv-True-value-of-Bcash/

says enough

Bitcoin Crash in its full glory Bitcoin Cash is a money from nowhere. Real bubble which will explode very soon.

[fatlever]

https://www.tradingview.com/chart/BCHBTC/2QeAXwYv-True-value-of-Bcash/

says enough

Bitcoin Crash in its full glory Bitcoin Cash is a money from nowhere. Real bubble which will explode very soon.

It's going to be a slow process.  BCH being produced at high inflation rate with the miners taking advantage of EDA and jumping chains.  More dump coming in the November fork.  Coinbase users dump of BCH next year.

You might even see a slight bounce with users thinking they are getting cheap coin but they will get burnt.

[chrisfatos]

Since it was just a back-up solution for Bitcoin, it will surely die, especially after Bitcoin Gold.

[The_Dark_Knight]

Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.

That is a good thing, we are about to get two other forks bitcoin gold and segwit2x, how many bitcoin they want to create? This is getting ridiculous so if bitcoin cash is dying then that is good since that will mean that we will only get 2 altcoins based on bitcoin and not 3, also since bitcoin gold is very small I do not think it is going to last, the only real threat is segwti2x.

[rudolfaxl]

Recent behaviour of BCH price looks like convulsions before the death indeed. I wonder if it will be alive in some months.

[fatlever]

All cryptocurrencies go up and down in value. A dip doesn't mean it is dying. There are many people aware of the currency and it is cheaper than BitCoin, it is likely that people will keep trading it. A volatile coin is more profitable for traders.

Recent behaviour of BCH price looks like convulsions before the death indeed. I wonder if it will be alive in some months.

I think a potential for the end of the chain is certainly there.  Even at $500-600 it struggled to get hashpower as miners abandoned it and then jumped back in for easy coins when the EDA kicked in.  Now it's half that and there is more BCH dumping coming until at least January 2018.  But if there is a fork and it has to compete with hash power with 2 much more profitable forks, there might be nobody mining it.  

I think it's risky to think, oh now I'll get some cheap BCH.  Roger Ver and Company have abandoned it and I'd at least wait for strong signals of the dumping to stop and an EDA fix so that miners don't have easy huge volumes of coins to mine and dump.

[0t3p0t]

Bitcoin Cash seems to be in a death spiral.  It doesn't have enough hashrate, well sometimes it does and sometimes it doesn't.  The miners are gaming the Emergency Difficulty Adjustment (EDA) and you sometimes you don't get a block in hours and hours.  Miners are jumping back and forth between chains to trigger the EDA and game the system for fast blocks and easy money.  Sometimes you have ~50 blocks in one hour.  

This is creating a scenario of high inflation where you have a a lot more coins that are mined and dumped.  Coins that there is a lack of demand for.  So the price is dropping.  50 blocks in an hour with their EDA isn't what Satoshi designed for a coin that touts itself as being faithful to Satoshi's original design.  

Add to that Bitcoin Cash supporters are supporting Segwit2X for no other reason than their hatred of Bitcoin Core.  The crazy thing is, this might effectively kill off Bitcoin Cash.  First the downward price trend of Bitcoin Cash might also not just be the crazy block times and inflation above but more BCH supporters will be selling at least some BCH to get BTC so they get both Segwit1X and Segwit2X at the fork.   This trend probably will continue.

Additionally, if there is a fork Segwit1X and Segwit2X will be competing for Hash Rate and I am not sure where that leaves BCH which already struggles with hashrate at times especially if the price downward trend continues.  

Bitmain seems to be doing what it can to save it's baby, accepting only BCH for its miners and I now see BCH advertisements in places like Blockchain.info.  It feels like BCH is on life support.

That's the reality of  being the best and pioneering one. Bitcoin really is unstoppable. BCH price last August I think reaches more or less $800 but now goes down to $300 it decreases more than a half of it's original price and that is so scary to those who are holding such coin. My free BCH on my wallet was converted into ETH a week right after the segwit. Bitcoin still the best coin to hold and invest. I think BCH's community is not that strong to support it's now sick baby or maybe it is just another price manipulation by whales but I am not sure about that. If they created BCH a better coin, more advance than Bitcoin with ugrades and updates on it why does it's supporting community forsaken or abandon the said coin? I think they just realize that Bitcoin is way better than any other coin on the market. I don't even know why BCH needs to be created and it's purpose of existence.

[Kevin13]

Well, we never not know when should it go but somehow sticking to BCH right now is that it isn't balance but somehow I read also that XAPO support this coin and some who hold it to their wallets allow to withdraw for the first time since the fork.

[imsotiredofmoviereboots]

I'm still thinking why anyone still cares about this coin. I knew that it was just a quick money grab for some investors. It was the new talk of the town after the split event but now it looks like its rotting to death.

[poodle63]

I'm still thinking why anyone still cares about this coin. I knew that it was just a quick money grab for some investors. It was the new talk of the town after the split event but now it looks like its rotting to death.

Who cares, but those are need this shitcoin to dump and pump to earn the profit must try to buy the coin, I know that because too many person hype this shit token and will be adjusting the difficulty in the future and what a crap/

[error08]

Bitcoin Cash was, from the moment it came out, dead on arrival.
8MB blocks are bound to render running a full node impossible. This has been known from the start and these events now don't help at all.

Bitcoin cash was not dead on arrival, it even had chance to reach over $1000 which is profitable for Bcash holders including myself.
Bcash seems dying in September, after second resurrection to $900, but then get dumped until today. People may not interested to bcash due to bitcoin nodes has implemented segwit which make bitcoin transaction better with low fees without have to increase block size limit.
Consider Bcash as new players in cryptocurrency market but has higher price than ethereum, it may still has probability to increase at certain point after bitcoin price fall down just in case it get corrected after reach new ATH, but I doubt bcash could reach over $1000 again.

[Fundamentals Of]

bitcoin cash born as a dead coin. its price will decline more than before. now we are having bitcoin gold which is another fork copy of bitcoin cash, there is no reason to get these fake coins. it will jst another story to tell to our kids in the future.

that's why i didn't hold bitcoin cash from beginning. I sold it from the first time I don't believe in copy of bitcoin.
and now we have bitcoin gold copy of bitcoin cash? another fake coins

Bitcoin Cash was a debacle in the making right from the start. A copy of bitcoin will end up doomed most probably. They must have known it right from the start. And now that Bitcoin Gold is ready to get out into the open, Bitcoin Cash will suffer some more because this means there will be another copy of bitcoin. All these copies will compete with each other and end up in the garbage bin.