Bitcoin Cash fork and its effects on Bitcoin

[ridertiger]

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.

[nightmanisrightman]

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.

I think this will temporary negatively impact bitcoin but long term I dont think it will cause many problems. I have no reason for my basis but it is something that I am actively hoping for not to happen. If the flippening does

happen and BCH takes over BTC then I guess we will see when the time comes, until then though I have hope and faith BTC will remain number one on the charts.

[batang_bitcoin]

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.

I don't care about the free coin or anything, I mostly care about the bitcoin core. The increase of bitcoin cash is just temporal as we only need to have one coin that should be supported by the community. If there hard forks will never stop, the crypto market will be divided with different alt coins. What I'm sure of this is that everything will be back to normal and bitcoin will be back again at the peak.

[Shreek]

I think getting a new coin or not is not an important thing, because we see that the new coin also will not be useful if it is not in the market, which should be important in this case is bitcoin, not Bitcoin Cash or BTG. because I see that bitcoin until whenever will be the parent of all altcoin. and I believe that.

[pixie85]

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.

It's a fork that's supposed to repair the problem with mining difficulty in BCH network. You won't be getting a new coin as the current chain is vulnerable to mining abuse (switching). Once the new chain is made people will switch to it abandoning the old one.
You can't be 100% sure with these things but it's the most probable outcome.

[frankbitcoin]

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

what fork are you referencing?  Did I miss something?  

[ladydark]

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

what fork are you referencing?  Did I miss something?  

They term it as a fork within the previously forked coin itself .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.

[Haladay]

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

what fork are you referencing?  Did I miss something?  

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.

[martin1221]

I think the rising of bitcoincash is only temporary, if the hard fork of bitcoin cash will be ended, everything will be back to normal so as its bitcoin will rise again. We are not sure of bch if its permanently rise comparable to bitcoin that have been many time ago.

[HugoBitcoin]

From my perspective, even though BCH and BTG have interesting propositions, it won`t hold long term.

Bitcoin has the huge advantage of being put to test multiple times and survived

[mangenta]

lots on this forum dont have basic idea of crypto.

[illinest]

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.

Interestingly, Jihan Wu said this earlier today on Twitter:

There is more and more threatening that BCH's hard fork upgrade will have spin-off(s) by some parties. It is said that they will creat[e] "BCH Classic". I think exchanges should be prepared and not losing spin-off coins. Your customers may want to sell it(them) to have more BCH.

He is trolling us masterfully, it seems. The narrative heading into the Segwit2x fork was, "buy BTC to get your free fork coins, which you can sell for more BTC." Now it seems that the narrative is being applied to Bcash.

The fork is happening in a day or two. I don't think that their community is big enough for a split to be significant. Then again, the market cap of BCH is so high now that exchange customers may be clamoring for "free money." It's a weird situation.

[Shamie1002]

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.

I don't care about the free coin or anything, I mostly care about the bitcoin core. The increase of bitcoin cash is just temporal as we only need to have one coin that should be supported by the community. If there hard forks will never stop, the crypto market will be divided with different alt coins. What I'm sure of this is that everything will be back to normal and bitcoin will be back again at the peak.

I agree with you Sir. People panicking all over and worrying affects the bitcoin core. They should be supporting it more and more trying to shift to bcash.
I agree to your point that there should only be one coin. They are just alts. It will not last long. They are just like ETH. Bitcoin is still superior. 

[simrac]

The amazing  bitcoin cash price  $1300 3 days , i think a lots of people become richer , x3 investment and as soon as  whale will dump , i think  sell bitcoin cash is better while the price  increase $1500

[ismart1]

What we have to understand is that a hard fork not always mean a fork between two different coins and creating coins at every fork, the fork really occurs when a new technology is implemented a new path is created or a fork when the old technology in this new adjustment either becomes a new something or simply dies with the old ledger since it has no support from the community, once there is an agreement inside the community which way is going to be followed. Apparently, that´s what is going to happen to the BCash, there were some tests to the proposed technology to be implemented and apparently a consensus. That is an expected and previously agreed upgrade.

Check here https://www.bitcoinabc.org/november

[rajuahmed763]

Bitcoin Cash fork Reasons to Lower Bitcoin's Prices Now the price of Bitcoin Cash in the Coin Market is very similar to 1989 US Dollar which is why Bitcoin's price is 5836 US Dollar.

[illusioNiZt]

Didn't knew about BCH fork either so will a new coin split be created from it? well that explains the price spike on Bitcoin Cash hopefully price will stabilize for BTC and other alt-coins after the fork is over.

[CryptoClown]

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

what fork are you referencing?  Did I miss something?  

I feel you! The last time I check there will be two forks of Bitcoin. The first one happened and the second one was cancelled and I don't know the reason why  and then the forked Bitcoin Cash is now forking itself. I feel like being in the crypto world means we need to check every second to keep ourselves updated.

[kryptqnick]

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

what fork are you referencing?  Did I miss something?  

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.

[Searing]

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

what fork are you referencing?  Did I miss something?  

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