Obligatory: Is Bitcoin Cash A Bubble?

[Hydrogen]

Is bch a bubble?

If bch is a bubble, has that bubble popped?



For reference, it was not long ago that ethereum was considered a good investment with a massive spike eerily similar to what bch is indicating now.



Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth. Or do they seem more like the types to focus on short term gains to the expense of long term value? I think Satoshi was a creator of longer term value, which is why bitcoin has done as well as it has. As for Roger Ver and whoever is running ethereum now, I would be interested to know what public opinion on them is.  

On a more technical side, should bitcoin cash be worth 1/4th of what it is given it has very limited utility. It isn't supported by retailers. It doesn't many have uses or real world application. There's not much good about bitcoin cash to favor it. There is a chance that bitcoin cash's real world value is $400. Whatever value it appears to have may be an illusion.

[batang_bitcoin]

Is bch a bubble?

I think so, people who are thinking that bitcoin is bubble will not agree to that statement as they are bitcoin cash supporters and the same goes to bitcoin supporters.

If bch is a bubble, has that bubble popped?

I guess it did.

For reference, it was not long ago that ethereum was considered a good investment with a massive spike eerily similar to what bch is indicating now.

This means that BCH will be standing and competing against ETH not btc?

Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth.

People behind BCH does want few things, they want to take over the network together with those goals.

Or do they seem more like the types to focus on short term gains to the expense of long term value?

Probably long term.

I think Satoshi was a creator of longer term value, which is why bitcoin has done as well as it has. As for Roger Ver and whoever is running ethereum now, I would be interested to know what public opinion on them is.   

ETH belongs to Vitalik Butterin, all of our opinions are still speculations will wait for someone to comment with proofs of claim about wanting to get a long term value on Bitcoin cash.

[palle11]

I'm thinking this kind of curiosity has been dealt with in some thread & so, maybe you would need to search on stuffs like that here and get more reactions there.

As for me, the bubble nature as explained in economics, is what you don't touch nor carry about. Thus, having tendencies of disappearing in a shortest time.

[fanbeila]

We could not even term it as a bubble.It could be turned as a bubble if it has lasted for a considerable period of time but,BCH price increase has lasted for just 3 days.It has been pumped high by its supporters to reach such a price.It has started to lose its value in the third day itself.It could be termed as the best example of how a pumped coin would rise high soon and immediately start to fall at a high speed.

[hugeblack]

Is bch a bubble?

No , it is just temp solve for main bitcoin problem (1MB block size) after 2x canceeled .

If bch is a bubble, has that bubble popped?

it is better to say crash of BCH , till now many supports support BCH , minners find Bch minning better than BTC and huge spam make bitcoin network stopped all this make BCH rises .

Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth

No easy mining make BCH short term coin so that Roger Ver say "why I sold a portion of my BTC".

[jaysabi]

Is bch a bubble?

If bch is a bubble, has that bubble popped?

[img]

For reference, it was not long ago that ethereum was considered a good investment with a massive spike eerily similar to what bch is indicating now.

[img]

Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth. Or do they seem more like the types to focus on short term gains to the expense of long term value? I think Satoshi was a creator of longer term value, which is why bitcoin has done as well as it has. As for Roger Ver and whoever is running ethereum now, I would be interested to know what public opinion on them is.  

On a more technical side, should bitcoin cash be worth 1/4th of what it is given it has very limited utility. It isn't supported by retailers. It doesn't many have uses or real world application. There's not much good about bitcoin cash to favor it. There is a chance that bitcoin cash's real world value is $400. Whatever value it appears to have may be an illusion.

It's far too soon to be calling a burst bubble on BCH. We're barely 12 hours away from its all time high, and people want to call the bubble finished. What is certain at this point is that BCH is extremely volatile, and that it has seen a massive influx of capital at the same time that BTC has seen a massive outflow of capital. This is likely not a coincidence. Any pullback from a high is not a burst bubble. Far more time needs to elapse before any conclusion can be drawn, there's just not enough data yet.

In response to the bolded text, this is mostly inaccurate. BCH has no less utility than BTC. It is easy for merchants who take BTC to switch to BCH, the fact that they haven't (yet) is not an indication that they won't, especially so young in BCH's life cycle. This would be the equivalent of people claiming 3 months after bitcoin was released that nobody uses it to buy anything, so it's never going to amount to anything. Obviously, that was shortsighted and wrong. Not only is the reasoning wrong, but there's an increasing case to be made that BCH will be more useful than BTC. With SegWit2x called off, there is no proposal on the table to scale BTC and there likely won't be for some time. BCH was created to create the capacity that BTC was neglecting, and add to that that BTC is currently being crushed by a massive spam attack, and BCH looks even better. I believe the spam attack is meant to cripple the network and drive more people to BCH, and although that's shady as hell, the point remains that BTC can't handle the traffic, and a protocol that is prone to manipulation like that is not useful or secure.

I've been against BCH since the fork that created it, but I also just want the tech to work, and BTC is currently failing in that regard compared to BCH. I'm not ready to switch the horse I'm rooting for yet, but at the end of the day, I'm not sticking with BTC just to stick with BTC because the tech has to work!

[jseverson]

I believe the recent spike could be considered a bubble.

We know that the spike is artificial and is likely to be unsustainable. The very reason Roger Ver and friends pulled out of Segwit2x is because they knew they couldn't get support. They wouldn't be able to get support here either. This could very well be a pump and dump scheme and I hope people don't fall for it.

[nidacoinlove]

Is bch a bubble?

If bch is a bubble, has that bubble popped?



For reference, it was not long ago that ethereum was considered a good investment with a massive spike eerily similar to what bch is indicating now.



Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth. Or do they seem more like the types to focus on short term gains to the expense of long term value? I think Satoshi was a creator of longer term value, which is why bitcoin has done as well as it has. As for Roger Ver and whoever is running ethereum now, I would be interested to know what public opinion on them is.  

On a more technical side, should bitcoin cash be worth 1/4th of what it is given it has very limited utility. It isn't supported by retailers. It doesn't many have uses or real world application. There's not much good about bitcoin cash to favor it. There is a chance that bitcoin cash's real world value is $400. Whatever value it appears to have may be an illusion.

People who are supporting the altcoin like ETHEREUM is I think want to drive it for a long-term wealth making. The BCH is totally a different scenario, it is backed by a pool of miners where there may be some common names working at a time on both ETH and BCH. The ETH also have the support of people as bitcoin but the major difference in the ETH and BCH followers is that BCH is imposed on the people to use it.
Bitcoin Cash value in real is much lesser that it's current value. It is just being pumped nowadays. People can only benefit from BCH for a short while not for a long term. BCH is a bubble and it will burst soon.

[CryptoBry]

It is getting tiresome talking about bubbles here though I still enjoy it reading from time to time most especially if there would be some dramatic occurrence like what is happening right now. Yes, anybody can say that a certain cryptocurrency has already reach the bubble point and that can be the time when its price would go down for some corrections. I think that is the fair definition of a bubble in this forum and not the traditional view where things would be split into smithereens.

[Mpamaegbu]

I don't know why people panic whenever a coin gains price increase or momentum and call it a bubble as if we didn't hold the coin in expectation if this increase and value. I sincerely don't think BCH is a bubble. It's the failure of bitcoin to fix its transaction backlog and fees that gave rise to bch spike. Many btc lovers switched. And if that failure isn't fixed the increase is likely to continue.

[honeyb0y]

Bitcoin cash is just fan based and has less supporters, on it's current price pump it is obvious that it is just being controlled by several people with an objective of earning more. once the price reach their goal they are going to dump their BCH again and go back to BTC which will result to an enormous increase of their BTCs.

[TheCoinGrabber]

Any idea if it'll ever get pumped again? It sure looked like a bubble to me. I mean, what makes Bitcoin Cash better than bitcoin anyway. I suppose this would happen to Bitcoin Gold.

[hase0278]

Is bch a bubble?

If bch is a bubble, has that bubble popped?



For reference, it was not long ago that ethereum was considered a good investment with a massive spike eerily similar to what bch is indicating now.



Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth. Or do they seem more like the types to focus on short term gains to the expense of long term value? I think Satoshi was a creator of longer term value, which is why bitcoin has done as well as it has. As for Roger Ver and whoever is running ethereum now, I would be interested to know what public opinion on them is.  

On a more technical side, should bitcoin cash be worth 1/4th of what it is given it has very limited utility. It isn't supported by retailers. It doesn't many have uses or real world application. There's not much good about bitcoin cash to favor it. There is a chance that bitcoin cash's real world value is $400. Whatever value it appears to have may be an illusion.

I am sure that bitcoin cash itself is a bubble and it has popped for now I think and will stabilize to a certain price. IMO, bitcoin cash shows some potential to grow again after it has reached another floor price in this current time. Since it is a bitcoin fork, somehow it would have a real world use in the future after all, it's intended functions are not that different from bitcoin, they have just added some feature to it. Soon there will be merchants that will accept it.

[loragean03]

more bitcoin competitors are saying that bitcoin is a bubble but it is not, like what they saying in the others altcoin that is a bubble which is deserve to be. even altcoin pumped and done as well, altcoin is just an altcoin nothing to change on that. bch extremely pumped for just a short period of time but not for long. i cant wait for that massive dump of this coin.

[figmentofmyass]

Any idea if it'll ever get pumped again? It sure looked like a bubble to me.

the highest volume day ever for bcash was that ugly shooting star doji at the very top. that means that it was heavily sold into at the top, so there are lots of new bagholders. even if it were to follow bitcoin's path over the years, that kind of distribution marks the beginning of a bearish phase.

i think roger ver and jihan wu will probably fight the downtrend; their story reminds me of the hunt brothers. in the end, i think, manipulators like them usually lose. but there could be a lot of turbulence between now and then.

[szpalata]

Any idea if it'll ever get pumped again? It sure looked like a bubble to me. I mean, what makes Bitcoin Cash better than bitcoin anyway. I suppose this would happen to Bitcoin Gold.

Well the Bitcoin Gold guys should learn from this after the BCH finally crashes from the bubble bust. I knew it was too artificial to believe but these guys kept talking down original bitcoin in their bid to promote BCH but this current bubble has sent shivers down the spine of many that were fooled to join them and they will return back to bitcoin in no time.

[glider101]

anyone who thinks btc cash is a bubble needs to educate themeelsves of how this works

[squatz1]

We could not even term it as a bubble.It has been pumped high by its supporters to reach such a price.It has lasted for just three days.

Well, it's still a bubble, just a small one with a ton of money in it. I really don't even know how Ver and friends were able to pull this off, this must've taken a lot of planning to try to pull off -- crazily enough it's going to be something that doesn't end up working out and they lose a ton of cash.

But with Vers luck, what is going to happen is that he's going to make people interested in Bitcoin lose a ton of money in BCH and then they're never going to come back here -- so he's slowly killing this for himself, which I guess is what these guys want as they're trying to take over anyway.

[faithupgrade]

Bitcoin cash is new, yup its on its bubble phase, even Bitcoin has surpassed so many bubble phase. I just read that there was a time when Bitcoin was sold for $30 then it went back to $2. After this BCH bubble phase we might see this coin to go even higher.

Is bch a bubble?

If bch is a bubble, has that bubble popped?



For reference, it was not long ago that ethereum was considered a good investment with a massive spike eerily similar to what bch is indicating now.



Do the people behind bch and eth seem like individuals whose goal is to create long term value and wealth. Or do they seem more like the types to focus on short term gains to the expense of long term value? I think Satoshi was a creator of longer term value, which is why bitcoin has done as well as it has. As for Roger Ver and whoever is running ethereum now, I would be interested to know what public opinion on them is.  

On a more technical side, should bitcoin cash be worth 1/4th of what it is given it has very limited utility. It isn't supported by retailers. It doesn't many have uses or real world application. There's not much good about bitcoin cash to favor it. There is a chance that bitcoin cash's real world value is $400. Whatever value it appears to have may be an illusion.

[traderethereum]

bitcoin cash might be a bubble because realize or not, bitcoin cash is in the "bitcoin" name. maybe right now, bitcoin cash is down but who knows in future, bitcoin cash can increase again like yesterday so we can make a lot of profit again. if i see the coins which contain "bitcoin" name in the coins, the coins is up and down following the bitcoin price. we can see in bitcoin dark, bitcoin plus and even bitcoin gold in yobit, the price is up and down and i think people is making money from the coins.