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Author Topic: Is it time to sell BTC for BCH ?  (Read 2276 times)
Kloug
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December 20, 2017, 06:34:09 AM
 #101

possibly. bitcoincash can be a good alternative next to bitcoin because bch is indeed near perfect and it doesnt have any known issues or problems like scalability or slow and expensive transaction cost.

It does. Bitcoin needs more than "increasing block size" to be ready for mainstream (but I don't think it needs to), but by thousands, not just 8 like with BCH blocks. And BTC is slow because of miners manipulation.

did a transaction 15 hours ago, paid $26, its still pending, btc trans are expensive and slow

No one is saying that BTC transactions are fast & cheap. We're saying that BCH is only fast & cheap now because it's not used. It's in no way ready for mainstream adoption, and the whole system isn't. IF being a faster & cheaper form of currency TODAY is important to you, then yeah BCH is useful, but there better ALTs for this job already. Like, Litecoin. And others.
IF you're concerned about the far future, BCH, even by enlarging blocks over & over, will never scale to cope with demand, a demand similar to the one of your VISA card. Nor will BTC. And it doesn't matter, because they aren't currencies, they are digital gold.

If you're really using the BCH today, as a currency, consider that you just bought a $500 pizza, judging by the end-2018 value of what you paid for it. That's just dumb. It's only not dumb if you buy BCH again, using fiat, right after you paid for your pizza. You may as well have paid for your pizza in fiat in the first place. Either way, you're dumb. But let's face it, the bunch of sheep following Roger, aren't dumb, they're just liars. Which is lame, because everyone would understand & be ok with the fact they wanna get richer - we're all here for that same reason. They don't have to lie about it, just say it, they want BCH to take over BTC, because they own more BCH than BTC. They don't have to make out a story around it.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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December 20, 2017, 06:44:58 AM
 #102

I dont think BCH will be able to overtake,  let alone dethrone BTC,  atleast anytime soon. BTC has been used for years now,  and as OP pointed even BCH may not be able to compete with widespread adoption. Bitcoin being older is not necessarily a bad thing in this case, in the worst case it may become an asset.
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December 20, 2017, 06:48:06 AM
 #103

It is long time you make this post but this has remind us that Bitcoin was not doing very well then  but since yesterday it has make great gain. Within 24 hours bitcoin cash make 61% gained and it is still going up. Coinbase has listed bitcoin cash and this has push it price close to  $4,000.
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December 20, 2017, 12:28:34 PM
 #104

oh mann you should have reminded this to me just a day or two ago, missed it, now bagholding btc :-P

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December 20, 2017, 01:40:30 PM
 #105

It is long time you make this post but this has remind us that Bitcoin was not doing very well then  but since yesterday it has make great gain. Within 24 hours bitcoin cash make 61% gained and it is still going up. Coinbase has listed bitcoin cash and this has push it price close to  $4,000.

Today only I too noticed that BCH has been added but coinbase mailed the user they will put the fund for the effect of hard fork but didn't get any big fund after it launched. I got around 0.0001 BCH as a reward. If getting more reward I might be happy about that. Now again bitcoin started rising in the market. Then BCH will bring corrected for somehow. Keep moniter the price chart and invest on it accordingly.
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December 20, 2017, 02:53:33 PM
 #106

It is long time you make this post but this has remind us that Bitcoin was not doing very well then  but since yesterday it has make great gain. Within 24 hours bitcoin cash make 61% gained and it is still going up. Coinbase has listed bitcoin cash and this has push it price close to  $4,000.
https://cointelegraph.com/news/false-start-coinbases-gdax-halts-bch-trading-hours-after-starting
it looks good article to be read.
But the price of bitcoin cash almost 4k which means the demand from the bitcoin and ethereum are moving towards the bitcoin cash. Bitcoin and ethereum straightly got a correction. and then otherwise with the bitcoin cash.

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December 20, 2017, 03:10:06 PM
 #107

I dont think BCH will be able to overtake,  let alone dethrone BTC,  atleast anytime soon. BTC has been used for years now,  and as OP pointed even BCH may not be able to compete with widespread adoption. Bitcoin being older is not necessarily a bad thing in this case, in the worst case it may become an asset.
I think even though BCH can not overtake BTC but BCH now can show very good price in its development in cryptocurrency, you can buy some BCH for short term investment because BCH will surely be higher than current in some time to come.

tanghere02
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December 20, 2017, 03:11:44 PM
 #108

I hope you did buy BCH at least a quarter of your BTC because it has rose from its price last November. That's what I did with my BTC profit, I bought a couple of BCH and left it at Bittrex but still check them from time to time. And BTC will remain as it is because I still do believe in BTC despite of all the negativity people are saying about this currency.

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