Will Bitcoin Cash replace Bitcoin??

[engrshu]

I'm sorry, I am not yet familiar with bitcoin cash. Does it really exist?
As far as I know, bitcoin is a digital currency, and so if it becomes cash it will not be more consider as digital currency. And I knew that bitcoin aims to have a cashless society, in which they wanted fiat to be gone, and all people will just be using bitcoin.
Well, if it really exist, I wanted to know more about it.

Bitcoin cash faster and cheaper than bitcoin. The market value of bitcoin cash now is over $30 bilion and it is continuously rising

Bitcoin Cash is the previous fork of bitcoin last August. This is not literally 'cash', BCH is another digital currency that resulted from the said fork, anyways after the launch of this coin, the crypto world immediately dismissed it.

Anyways, don't panic too much, there is a sudden increase in the value of BCH and a sudden down of BTC but after hours the statistics changed. Read http://www.newsbtc.com/2017/11/12/bitcoin-cash-drops-2800-1300-lies-ahead-long-term/

"I still don’t think BCH can compete with BTC long term, but markets can stay irrational for a long time."

[najmul33]

I don't think that Bitcoin Cash will replace to Bitcoin. Because, bitcoin is still one of the most valuable coin the crypto market. Bitcoin Cash Need More time to take market Position same AS BITCOIN.

[Mystica101]

If this Bitcoin cash becomes the new Bitcoin maybe bitcoin's value would become bitcoins last value of around 7K$. And if bitcoin cash keeps on rising on the market more investors would think twice and pull out their money from bitcoin. Just a thought who knows still bitcoin would be indestructable.

[benedictonathan]

One tough question indeed. Many say that Bitcoin will not and cannot be replaced by any other coin or token out there. Though some argued that the benefits of Bitcoin Cash are too good that it should replace bitcoin as the King, many would not accept  that.

[JeffBrad12]

I have a btc transaction 23hrs with no confirms, I have read people on various discord channels saying the same thing, from different exchanges. Do you think miners stopped confirming as part of this attempt?

go to https://fork.lol to see when Bitcoin is more profitable to mine than BCH, which will let you know when the miners will move back over but i think it takes a long time maybe after bcc fork.

The more miner is the harder to profit because of the difficulty that is being solved and distributed by the number of pools and miners. So, I think many miners are now on Bitcoin Cash but still there's a lot of miners remain in Bitcoin.

Are you serious about that? The difficulty adjustment will make the bitcoin cash will be very easy to mining by the miners. that means if this hype will not be so long. caused by the bitcoin cash will be reached its total supply before the bitcoin.
This time looks the miner still interested in the bitcoin and about the futures trade from wallstreet company and not sure about bitcoin cash centralized can do that.

[Huawei202]

How do you think?

No it wont. Bitcoin's purpose or goal is to have transactions or payments with only the use of gadgets. Only digital currency but this bitcoin cash is the opposite. It still uses paper money for bills so i think it will not replace or even get to the level of bitcoin. The original one is better than bitcoin cash. But if the bitcoin cash's system will find a way to break out, there is a possibility that it might replace bitcoin but that chance is small like 10-30%. It now all depends on how these two will provide its service and lets see who is more efficient then will talk.

[CoinFoxs]

NEVER!!! Bitcoin will retain its position in future, bitcoin cash start growing but this growth is restricted to a short period of time.

[saponetes]

I think bitcvoin will prevail alonside bitcoincash. One as reserve of value, like gold - btc, and the other as day to day money - bcc.

[Heisenberg8]

It's the wildwest again. Now...if Coinbase gave me my BCH, I would have dumped them at the huge rise. Oh, well. Maybe next time.

Is it even possible that coinbase and many other exchanges holding lots of BCH, not allowing users to dump them for profit, helped in this rise?

[paloloy]

Although technically Bitcoin Cash is better than Bitcoin in many aspects but for now, I think Bitcoin Cash will take a very long way to realize that Bitcoin is the only cryptocurrency that is trusted by millions of users around the world. People don't abandon Bitcoin for a reason but Bitcoin Cash can have it's way up the graph but doesn't mean Bitcoin Cash can beat Bitcoin in terms of stability and support.

[burnedbyfees]

Bitcoin cash mining difficulty rises 400% in a few hours so coup attempts will be over soon.

[Kalkulus]

Although technically Bitcoin Cash is better than Bitcoin in many aspects but for now, I think Bitcoin Cash will take a very long way to realize that Bitcoin is the only cryptocurrency that is trusted by millions of users around the world. People don't abandon Bitcoin for a reason but Bitcoin Cash can have it's way up the graph but doesn't mean Bitcoin Cash can beat Bitcoin in terms of stability and support.

No better words to explain our thoughts!

[Oppang Inamo]

How do you think?

No bitcoin cash will not replace bitcoin, why? Because bitcoin cash is not known, and bitcoin is the main crypto and not the bitcoin cash, the crypto that is known by many is the bitcoin and not the bitcoin cash, even though bitcoin cash is the product of bitcoin it still bitcoin is the best.

[0t3p0t]

How do you think?

All coins has the ability to skyrocket anytime depending on how strong and big the community that support a specific coin so it is always unpredictable for me because coins are community driven assets. One is for sure in this new all time high that whales makes BitcoinCash pump but the question is how long? Though it is hard to speculate for now but still it has the chance to fall back slowly and then pump again and so on and so forth. Good for the BitcoinCash holders they now have huge profits for sure. Too bad for me because I sold my BitcoinCash at $600 last August and already converted all my coins to fiat money for my medical check-up because of Aneurysm. Better luck next time for me. Any coin can possibly replace Bitcoin but not for now Bitcoin has bigger community, adopters, holders, enthusiasts, merchants, Bitcoin is accepted by most countries and has more whales than the newer BitcoinCash so I think if ever it will replace Bitcoin it will take many many long years to completely replace the pioneering and dominating Bitcoin.

[VeeraS]

How do you think?

I think after the end of this month, there will be many who sell bitcoin cash. so be careful, because after all the bitcoin cash will not go beyond its predecessor the bitcoin.

[chutchmcgillicutty]

BCH really shows how much influence chinese miners have in the crypto space. They have the ability to affect huge swings on btc and bch. I don't think there will be clear winner due to the economics of mining

[josephinerosdy]

I think No and Never, Bitcoin will still in the first place. I see BCH price increase day by day because TREND. So Becareful guys.

[Jack353]

I do not think that BCH will ever replace BTC. The reason is because, as of right now, new adopters of Crypto are MUCH more comfortable with BTC than any other currency and as of right now, new adopters are numerous and VERY important. However, in the future when new adopters are few (or non existent) I do believe that BTC will be surpassed by another currency. I know that this currency will NOT be BCH because by this time in the future, there will be countless currencies better than both conventional BTC and BCH. In fact, I do not believe that the superior currency in the future will even be a fork of BTC.

Good luck and stay safe!

[dieselmeister]

Yes, It is possible. Because, as you know, Bitcoin Cash has many strengths comparing with Bitcoin. Therefore, If Bitcoin can't improve its weaknesses. Bitcoin Cash will replace it.

[Searing]

Looks like it may be heading for below 1K now

might have been a big whale pump and dump (ie bitmain...I see your hidden hand in this!) (bitmain: we do evil OFTEN and well) (tm bitmain)

anyway.......it likely will survive as an ALT (so will keep my BCH on my BTC address : hell virtual real estate...now renting to BCH and BCG which wtf is now $255)

and as long as we are using self-rationalization for this entire clusterf*ck on forks...(denial: how I get thru the day)

I will add this....WITHOUT any of the forks ...BTC from 7.8k ATH to 6.3k, as of this moment, it looks like a NORMAL correction under the circumstances

that is roughly a 20% correction....the stock market drops 20% it is a recession/correction

thus

IF all now reboots and starts going up on BTC to its *hopeful* 10k mountain shelf....to do some horizon gazing...

I will rationalize BCH at 1k and or BTG at 500 usd

ALL THE DAMN DAY LONG!!!

rationalization: it makes the world go round

(good thing no self-interest involved in all this on my part...at least from a 'paper profits' kinda viewpoint....right?)







(especially, if the new way to make ALT coins is to frigging FORK.....many, there are gonna be so many forks it will look like a 'gerbil herd')






er....wait ..THAT MEME IS LEMMINGS....DON'T JUMP......AHHHHHHHHHHGGGHGHGHHHHH  ...SPLAT!

er..oops