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Author Topic: effect of BCH in BTC price  (Read 1321 times)
VuLDK
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November 14, 2017, 02:31:11 PM
 #41

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh
1. I think BCH can not replace BTC
2. BTC price will return to its existing orbit

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November 14, 2017, 03:07:39 PM
 #42

There is a theory now circulating:

Miners can quickly switch between btc and bch.

If btc/bch goes down they switch to bch. Transactions pile up - and if it goes on for long then the price will go down even further (a positive feedback).

It requires over 2000 blocks for the difficulty to scale down in btc (two weeks - more if the slow down is significant).

In bch the adjustment happens every new block - so it will not suffer that much from those oscillations.

(from https://pastebin.com/D09wHy2W)

Sounds logical - maybe BTC needs to switch to a similar faster difficulty adjustment scheme.

 But if the price does not drop below mining profitability - then it should not be that bad - after BCH difficulty adjusts up miners will go back to BTC.

It all depends on how users behave.

Those who have their coins on the exchanges or in wallets like Xapo, will not be affected by the mempool backlogs. But those who have their coins in their own wallets are struggling with large fees and being unable to move coins.

And businesses that need to move coins - such as remittance businesses - are also struggling. The fear is that if mempool problems persist, they will seek to use another coin to move money. It might be bitcoincash, it might be ethereum or another alt.

Businesses tend not to wait, because they haven't got the luxury of saying to their customers, "just wait, your money might arrive next week sometime, we hope".

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November 14, 2017, 03:41:19 PM
 #43

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh
1. I think BCH can not replace BTC
2. BTC price will return to its existing orbit
now the price is $65xx. There have been signs of recovery.
BCH is just a temporary solution when the miners realize profits when mine BCH > BTC. they will soon be back with Bitcoin because Bitcoin is a currency that we are looking to the future

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November 14, 2017, 03:55:44 PM
 #44

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh
First of all, $1,600 USD difference drop is not considered crash yet, thats only 22% drop in percentage, there are higher percentage drop in history of Bitcoin that 22%. Two factors that you need to consider why it dropped 22%, one is the market correction because of the recent bull run, next is the orchestrated BCH pump. Blame those with weak hands for selling their BTCs in exchange for BCH and enjoy the short ride to the moon and back.

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November 14, 2017, 05:23:26 PM
 #45

well, I think there's a game in the back of a bitcoin price drop, and a bitcoin cash hike. well, this is very profitable for a trader. even, the bitcoin cash price is almost equivalent to 0.5 btc in no time. well, I think bitcoin cash really has an effect on bitcoin prices.

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November 14, 2017, 05:39:19 PM
 #46

Bitcoin price is increasing again. So this is nomore effect. But if someone trading can see that. BTC price always decreasing from 10-15 every months. Not depend on BCH. Lol. What is the rules here?

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November 14, 2017, 06:08:29 PM
 #47

well, I think there's a game in the back of a bitcoin price drop, and a bitcoin cash hike. well, this is very profitable for a trader. even, the bitcoin cash price is almost equivalent to 0.5 btc in no time. well, I think bitcoin cash really has an effect on bitcoin prices.

CoinDesk report or other news site report about bitcoin price but all the information is been shared after price bump or dump only not before that. Seems like a whether forecast reporter says all the time. Keep away these non sense information about the bitcoin trolling comparing shit coin BCH with that.
I am none of the coin will challenge the bitcoin.

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November 14, 2017, 06:24:36 PM
 #48

well, I think there's a game in the back of a bitcoin price drop, and a bitcoin cash hike. well, this is very profitable for a trader. even, the bitcoin cash price is almost equivalent to 0.5 btc in no time. well, I think bitcoin cash really has an effect on bitcoin prices.

Theses two coins will coexist. The Bitcoin is for store of value and Bitcoin Cash is for daily transactions.
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November 15, 2017, 03:12:23 AM
 #49

It is obviously currently having an effect on the Bitcoin price because some people switched over to BCH from BTC. Though BTC is already in recovery mode now what like 6 days after the crash began. It's already found stable footing in the mid-6000s and trying to test 7000 right now. The BCH value will slowly bleed back into BTC as a new BTC bull run begins in the next few weeks and BCH is left flat footed since it's pump and dump scheme has ended.

Bitcoin is about to start getting hit by institutional investors, sure at first it'll just be a little bit, but it is starting a month from now with the futures contracts. Bitcoin is now on its way to becoming a major new asset class. BCH...a pump and dump scheme pushed by a few rich people.
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November 15, 2017, 10:21:59 AM
 #50

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh

1. Though Roger Ver supported BCH does not necessarily mean it will replace bitcoin. There are far more support on bitcoin rather tha  BCH. It may hit bitcoin a little bitcoin leaving a very light impact but it wont stop bitcoin from going up. If there is a dump there is probably a pump!

2. Some speculates that it is the Whales that makes the price of bitcoin goes down. This could be true. Sometimes the dump in price is being manipulated to have confusion and panic to other holders.

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November 15, 2017, 11:17:36 AM
 #51

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh

1. Though Roger Ver supported BCH does not necessarily mean it will replace bitcoin. There are far more support on bitcoin rather tha  BCH. It may hit bitcoin a little bitcoin leaving a very light impact but it wont stop bitcoin from going up. If there is a dump there is probably a pump!

2. Some speculates that it is the Whales that makes the price of bitcoin goes down. This could be true. Sometimes the dump in price is being manipulated to have confusion and panic to other holders.
I am never afraid of the dump. On the contrary I like it. There is a pattern. After the dump is always included pump. Without this dump does not make sense. I think that now the dump stopped, and after a period of relative stability, the price will go up. Altcoins will never be able to replace bitcoin because without it they cannot exist. This is the law of the market.

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November 15, 2017, 12:33:02 PM
 #52

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh
1.There are many ups and down from the starting of bitcoin but still it remains at the top and will remain for long term and it cannot be replaced by any other currency.Inspire of all the forks btc has gained popularity and price boost
2.The plan to make btc price lower by increasing BCH market cap was planned before hand only but still bitcoin showed its potential and regained stability and did not crash although there was a little downfall in price but now its increasing again.

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November 15, 2017, 12:37:13 PM
 #53

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh

i don't think he can kick bitcoin price and then replace it with bitcoin cash because bitcoin itself have bigger community and many people is supporting bitcoin from every where. i see the bitcoin price is come back and trying to reach the higher price than the last high price and we will see the highest price from bitcoin in this year and i think this will makes people to come into bitcoin world. i think the crash is normal because some of people is getting panic because of the segwit2x yesterday and many people is making a bad news that affect bitcoin price and suddenly the price is dropped until $59xx (the last time i saw the bottom price). but i am not too worried of this because the fact, bitcoin price is back to increase and now it reach more than $7xxx.

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November 15, 2017, 12:46:29 PM
 #54

I don't think so! Bitcoin cash is not going to replace Bitcoin core. As at today Bitcoin core price has started recovery and bitcoin cash has lose over a $1,000. Another reason that I see bitcoin core as the original and it cannot be taking over by another coins is it foundation, every business structure and physical structure of blockchain technology are build on bitcoin core.


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November 15, 2017, 12:55:12 PM
 #55

Yeah, i can think that bch had been effected in bitcoin price, but now everything has been solved and that time has been over and once again new time of bitcoin has been started again, and it is sure this is a bitcoin time, this bitcoin price is a proof of its $7199.   
But it is right bch has damaged the bitcoin price, and we have seen in this week bitcoin suddenly down because of bch. 

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November 15, 2017, 02:32:45 PM
 #56

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh

This happens all the time in market . Any new controversy or fork leads to the downfall in the bitcoin value but that does't mean that this is going to affect the bitcoin's existence . Bitcoin ha survived many hardforks and many such situations in the past and have earned an even more value after that .
Bitcoin is not going anywhere . The BCH is already starting to loose its value and bitcoin is rising on the other side . Any other altcoin cannot shake bitcoin so easily overnight.           

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November 15, 2017, 02:37:25 PM
 #57

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh
If you have seen the latest price of bitcoin , i think you would have already know about the statistics . There is no way that any other coin can kick or replace bitcoin . According to me the crash was intended because of some investors . But that just all over and bitcoin is back on track.

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November 15, 2017, 03:29:16 PM
 #58

I don't mean any offense, but I just realized that the OP's name is "hugeblack" and is currently a "full member"


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November 15, 2017, 04:32:23 PM
 #59

1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh
If you have seen the latest price of bitcoin , i think you would have already know about the statistics . There is no way that any other coin can kick or replace bitcoin . According to me the crash was intended because of some investors . But that just all over and bitcoin is back on track.

That is right. But the Bitcoin Cash could be a hedge of Bitcoin. If the Bitcoin is down, the Bitcoin Cash could go up.
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November 15, 2017, 05:12:10 PM
 #60

An inverse reaction took place causing price growth over bitcoin cash and price drop over bitcoin. This didn't last long, but the stabilized growth of bitcoin cash has made it stay above $1250 after it started to rally from $350. Now bitcoin feels the goodness with price increasing to reach above $7200.

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