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Author Topic: Bitcoin Cash fork and its effects on Bitcoin  (Read 1229 times)
Searing
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November 12, 2017, 09:49:17 AM
 #21

wait.  What?  The cash fork happened  august 1st.

what fork are you referencing?  Did I miss something?  Huh

Yes a soft fork happened and bitcoin cash existed. But, bitcoin cash is now forking itself. I mean there will be a fork inside bitcoin cash chain. It's really hard to predict the results of upcoming bitcoin cash fork.
Well, for now it brought +150% and #1 trading volume on coinmarketcap which is surely not bad. I can see that probably some free bch coins were given and it caught attention of lots of people. I can see that it seems like the South Koreans are the ones who traded bch crazily yesterday and they still are. They got 70% of trading volume now!!! I can't find articles explaining such interest to bch as well as explanations what the fork is all about, though.


Just a note...everyone already probably knows this

but the value of my BTC and BCH combined for both chains...is pretty much the same as my BTC was a week ago...

which is fine with me

my only concern is the split will cause the price to half...because btc and/or bch will no longer look like a secure store of value...in now there are two (or many more)

so anyway, if my premise is correct it will bleed those people holding long-term to other alts

could get messy


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November 12, 2017, 09:54:52 AM
 #22

So, 13th of November is the Bitcoin Cash fork date. Are we getting a new coin or is it like the ETH fork where you get nothing?
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.


Bitcoin Cash is Bitcoin's hard fork last August 17th this year so I think you got a wrong information regarding this but anyway but I just assume that today is Bitcoin Cash' pump day, LoL!
Nobody's predicted about Bitcoin Cash that's why people are simply mad with the event. South Korea doesn't made Bitcoin messy but they're just trying to see if Bitcoin Cash has a good future like Bitcoin.

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November 12, 2017, 09:59:44 AM
 #23

lots on this forum dont have basic idea of crypto.

That's unfortunate if you're only the lucky guy who knows what crypto is. Congratulations.
Bitcoin is affected by its first fork happened last August and people are very concerned what happens next so maybe you're the only one who knows what's next.

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November 12, 2017, 10:00:23 AM
 #24

According to https://fork.lol/, Bcash is arounf ~60 more profitable than bitcoin. This is due to a multitude of factors bout will undoubtedly change after its network's upcoming fork. Jumping hashrate between the two will become harder to to the fork allowing the Bcash network to finally stabilize. Right now it's producing an average of around 40 blocks per hour due to its inability to adjust hashrate properly.














 

 

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November 12, 2017, 10:01:28 AM
 #25

I think Bitcoin Cash madness is coming to an end, correction soon. Here's an article explaining Bitcoin Cash fork coming up in Nov 13th:
https://coincodex.com/article/1058/bitcoin-cash-fork-scheduled-for-november-13/
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November 12, 2017, 10:46:05 AM
 #26

Hard fork is a software that is upgraded and has a new rule to the network that isn't compatible with the older one.For example a rule that allows block size to be 8G instead of 4G it would require a hard fork.Hard fork is an expansion of a rules.Nodes that continue running the old version can see the new transaction rules as invalid,So,switch to continue on the new chain and continue mining valid blocks,all of the nodes in the network should upgrade to the new rule.

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November 12, 2017, 11:01:24 AM
 #27

cash jumped powerfully but already went correction

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November 12, 2017, 11:12:01 AM
 #28

So, 13th of November is the Bitcoin Cash fork date. Are we getting a new coin or is it like the ETH fork where you get nothing?
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.

If bitcoin will do fork it keeps the bitcoin price up drastically but it does not happen then the bitcoin price goes down, now bitcoin cash will do the fork and make everyone crazy about it.

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November 12, 2017, 12:51:52 PM
 #29

wait.  What?  The cash fork happened  august 1st.

what fork are you referencing?  Did I miss something?  Huh

Yeah i bet you did. The previous fork gave free bitcoin cash. The upcoming hard fork is supposed to be launched by tomorrow. However, the CEO has put a stop to it because they realized instead of helping bitcoin it may divide the supporters. Here comes the miners who are eager to have that 2mb change in block size that says it will push through with the fork. Now everyone is waiting for tomorrow to know if the fork will happen or not. So brace yourself.

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November 12, 2017, 01:09:35 PM
 #30

I was never looking for BCH so please sorry for such a newbie question. Are there some exchanges official statements about supporting this fork?

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November 12, 2017, 01:20:37 PM
 #31

The fork bitcoin coin is having another fork. How did we get here in the first place. Isn't there any law in bitcoin code that should have prevented this kind of un healthy rivalry from happening. I believe we should abandon bch and let bitcoin core shine!

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November 12, 2017, 01:25:36 PM
 #32

A win-win tactic is to attempt a coup in the market under the guise of attempting a pampa, which is done under the guise of a coup attempt. That is, it can very well be that the performance is not yet complete and in fact the attack on bitcoin continues. But in case it fails, everything will be exposed, as a large-scale pampas. On which, at the same time, the organizers will work well, first coming out at + 400%, and then going to the cue ball for 5000. It's also noteworthy that the organized Pump'n'Dump BCash began exactly on the Korean market on a day off when the Korean FSC Financial Services Commission - Commission for the Supervision of the Financial Sector of South Korea) simply does not work.

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November 12, 2017, 01:30:22 PM
 #33

There will be another major dumping in bitcoin and bitcoin cash will pump. Either way after the fork, i know that bitcoin will recover soon. Congrats to all the trader who gain profit because of this fork. Wink

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November 12, 2017, 01:46:03 PM
 #34

There is a certain amount of fork confusion:
Maybe there is an up to date fork primer.
I am one of the lucky ones who mined a few bitcoin in 2015 and I'm trying to get up to speed on what's going on.

Bitcoin hard forked into Bitcoin (BTC) and Bitcoin (BCH) cash in August.
There was a proposal to hard fork BTC again in November called Segwit2x. That fork was controversial and cancelled for now. The apparent major problem is a lack of "replay protection"
https://cointelegraph.com/explained/all-you-need-to-know-about-this-whole-segwit-vs-segwit2x-thing-explained
This leaves underlying problems in the BTC model. These problems were what caused the original BCH fork.
https://cointelegraph.com/news/lightning-must-strike-soon-bitcoin-facing-backlogs-as-scalability-solution-awaited

BCH has problems of its own - so that is leading to the "November fork". This is apparently a hard fork.
https://www.bitcoinabc.org/november
https://www.cryptocoinsnews.com/bitcoin-abc-proposes-hard-fork-to-stabilize-bitcoin-cash-mining-difficulty/

I'm digging into this because I never bothered to collect my BCH coins. Looks like I want to do that now!!!  Grin
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November 12, 2017, 01:48:51 PM
 #35

I think you only get a free coin if the exchanges that has Bitcoin Cash support the fork but if not then I don't think you get anything out of the fork. I haven't read anything about the said fork so most likely no one is getting out of it.

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November 13, 2017, 07:15:31 AM
 #36

There is a certain amount of fork confusion:
Maybe there is an up to date fork primer.
I am one of the lucky ones who mined a few bitcoin in 2015 and I'm trying to get up to speed on what's going on.

Bitcoin hard forked into Bitcoin (BTC) and Bitcoin (BCH) cash in August.
There was a proposal to hard fork BTC again in November called Segwit2x. That fork was controversial and cancelled for now. The apparent major problem is a lack of "replay protection"
https://cointelegraph.com/explained/all-you-need-to-know-about-this-whole-segwit-vs-segwit2x-thing-explained
This leaves underlying problems in the BTC model. These problems were what caused the original BCH fork.
https://cointelegraph.com/news/lightning-must-strike-soon-bitcoin-facing-backlogs-as-scalability-solution-awaited

BCH has problems of its own - so that is leading to the "November fork". This is apparently a hard fork.
https://www.bitcoinabc.org/november
https://www.cryptocoinsnews.com/bitcoin-abc-proposes-hard-fork-to-stabilize-bitcoin-cash-mining-difficulty/

I'm digging into this because I never bothered to collect my BCH coins. Looks like I want to do that now!!!  Grin

lol....

so if BCH hard forks and you have NOT moved your BCH from your BTC wallet yet....you are out of luck?  I doubt a fork of BCH is gonna apply all the way back to
you not moved BCH from your original BTC wallet snapshot...

this paper profits game on forks is getting weird

I mean BTG is at $255 USD now....so hell, we are gonna have 4 dozen forked coins off of BTC/BCH/or whatever flavor of BTC by the end of the year..if any new forked alt
can launch at over $1 rather than at less than 1c with the traditional way to make ALTS...hell, even ICO's would not be worth the hassle and supposed gov't regulation
if this the case

it is gonna get fork stupid IMHO


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November 13, 2017, 07:35:38 AM
 #37

Charles Hayter, co-founder of crypto exchange service CryptoCompare, for example, noted that he believes consumers may be misled by the option to choose between two competing coins – and he wasn't alone.
"In the long term, these two variants will cause confusion with their similar naming which no doubt will cause some problems," he said. Because of issues like these, and others perhaps unforeseen, Van der Chijs said he expects the combined price of bitcoin and Bitcoin Cash to fall below $2,700, the average recent price of bitcoin as observed on the CoinDesk Bitcoin Price Index (BPI). Kevin Zhou, operator of crypto hedge fund Galois Capital, responded similarly, arguing that he believes the fork will be "lopsided" in how it allocates the underlying network effect between the two competing technologies.


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November 13, 2017, 07:39:18 AM
 #38

wait.  What?  The cash fork happened  august 1st.

what fork are you referencing?  Did I miss something?  Huh
They term it as a fork within the previously forked coin itself Grin Grin Grin.I think that its a soft fork and not a hard fork as thought by its holders.So,no free coins could be expected from this fork.So,it has nothing to do with bitcoin price.

Well it looks like that people did not understood this when they massively bought Bitcoin Cash. They probably hoped to get some free coin, but it will not be the case in fact.

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November 13, 2017, 11:56:25 AM
 #39

wait.  What?  The cash fork happened  august 1st.

what fork are you referencing?  Did I miss something?  Huh
They term it as a fork within the previously forked coin itself Grin Grin Grin.I think that its a soft fork and not a hard fork as thought by its holders.So,no free coins could be expected from this fork.So,it has nothing to do with bitcoin price.

Well it looks like that people did not understood this when they massively bought Bitcoin Cash. They probably hoped to get some free coin, but it will not be the case in fact.


YEP! Whales score! BTC Walk of Shame! (damn if this whole BCH thing did not work.....selling out at 2.4k was probably glorious on buys of 300 or less) Smiley

 it was a pump and dump to begin with.....they never expected BCH to take over the network..they simply used BCH to show how they
could mess up bitcoin BTC transaction speeds and back it up..to show the need for bigger blocks (in their view) and take advantage of segwit2x not going thru and bitcoin
classic going away

Hell , Jihan Wu (bitmain) has been accumulating BCH for awhile now...only taking BCH for his equip...these guys are the reason BTC has come shooting back in price..that and
other whales

THEY NEVER WERE GONNA RISK BLOWING UP THE CASH COW OF BITCOIN BTC.....

this was just a common pump and dump that whales commonly use on ALT coins...and by pushing the fork and big block size etc..the made the conditions to benifit from BTC proper
like an ALT pump

sorry to say, seems BTC got 'rolled in the hay' by her big 'suitors' slam/bam thank you ma'am ... don't let the door hit you on the ass on the walk of shame through the bitcoin frat....clothes in hand....

(live and learn ..even the great BTC can be pumped and dumped with enough whale action ..at an epic scale)

well played, well played indeed ji juan (bitmain: where evil never sleeps) (tm bitmain)







(hubba, hubba...BTC you wanton ...well you know...always full of surprises) Smiley




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November 13, 2017, 06:16:29 PM
 #40

So, 13th of November is the Bitcoin Cash fork date. Are we getting a new coin or is it like the ETH fork where you get nothing?
I believe it will keep increasing or will stay high until that date, and then it may drop letting bitcoin to increase back its ATH levels.


The upcoming fork of Bitcoin Cash is a planned event and it is aimed at changing the existing rules in Bitcoin Cash network. The new coins, as well as the separation of the block into several separate chains are not foreseen.
This event only may not affect BTC, but the other factors have their influence.

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