Bitcoin vs Bitcoin Cash

[kodtycoon]

Because bitcoin will be exhausted mined, so maybe that's the reason why people are creating hard forks, with forks there will be more choices for everyone to invest, and they have their respective values. So I just feel it is positive for cryptocurrency.

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[JollyGood]

Because bitcoin will be exhausted mined, so maybe that's the reason why people are creating hard forks, with forks there will be more choices for everyone to invest, and they have their respective values. So I just feel it is positive for cryptocurrency.

Currently as of 16th April 2018:

Bitcoin has circulating supply of 16,981,150

Bitcoin Cash has circulating supply of 17,076,688

Check CoinMArketCap. Bitcoin Cash currently has a staggering 95,538 MORE coins than Bitcoin even thoiugh the fork happened just months ago. Your view that Bitcoin will be exhaust mined therefore people are creating forks might be true for other cryptos butcertainly not for Bitcoin/Bitcoin Cash.

There was no real need to create Bitcoin Cash, it has no function worthy of a thoughtout planned fork.

[madtea]

Perfectly normal as BTC is the main pairing token.

And yet, this is a Bitcoin (Core, BTC) driven market fall again: BTC is falling too much compared to the rest of the market. It should fall less. This is very targeted and aggressive selling.

BTC is falling even more than Doge, that says a lot.

[ihaveaquestion]

Bitcoin Cash can scale long-term and adapt layered solutions or even the LN, but couldn't Bitcoin just copy their success and implement it on the BTC chain if Bitcoin Cash can prove that it works and collects enough history of data for BTC devs to think its safe enough to do? At that point, if that occurred, what would happen to BCH?

[hungafub]

Once BCH has the large blocks (not just a high size limit) that provide this empirical evidence, it will host the majority of bitcoin transactions and adoption. If BCH is successful, why would people want to switch back to BTC?

[BountyGo]

Bitcoin Cash is continuing the way Bitcoin was designed to progress. BTC is making a massive experiment into an entirely different system based on different principles.

[Tilim@Tilim]

Bitcoin was created to bring back people’s control over their own hard-earned money. But now it is not so.

[Dreamlandzoom]

At the moment of creation Bitcoin Cash was considered as competitor for the BTC, but not for a long. At this point is absolutely wrong to compare them, they are different class coins. Bitcoin is still the heavy-weight champion, not only by capitalization but also by being presented on almost all exchanges and trading pares. And the BCH is a coin which supported by group of investors only

[Koontas]

So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:

Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000   

Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000   

On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?

Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.

To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?

I can not really understand this Bitcoin Cash fud which is all around Twitter and so on.
Because forks mean competition for the core devs and competition means better products.

[victory.lil]

Strange comparison of the shit with a normal and great project, I must say that it's just my opinion and I apologize in advance if I offended someone, I did not want to do it, I call things by their own names only in my understanding of this situation, so I ask I'm sorry for such an association, I hope people will not be offended.

[JollyGood]

Once BCH has the large blocks (not just a high size limit) that provide this empirical evidence, it will host the majority of bitcoin transactions and adoption. If BCH is successful, why would people want to switch back to BTC?

There is no evidence large blocks will make Bitcoin holders sell up and buy Bitcoin Cash or that Bitcoin Cash will ever host (as you put it) the majority of Bitcoin transactions.

As for the comment about why people would change back to BTC if BCH is successful, it is quite clear. No matter how successful BCH might become it will always be associated with the two or three whales and Asian exchange operators that wanted to create something that was designed to destroy Bitcoin not help or contribute to the community.

Why would people want to adopt using such a vindictive attempt of a fork that was created to destroy Bitcoin and then try to get everybody onboard the Bitcoin Cash bandwagon? Why would people want to adopt Bitcoin Cash instead of Bitcoin when the possibilty that if it was the primary base crypto it would be in control of a handful of people who could shape it whichever way they wanted without the majority of the community having their point of view taken in to consideration?

[Master Carnegie]

Bitcoin Cash became the third most valuable crypto-currency on the market, behind only Bitcoin and ether. The objective around this new criptomoeda was to optimize the time of the transactions in bitcoin. Transfers face serious congestion on the BTC network.
It also seeks to reduce costs with the operation, the BCH network has basically become a support for Bitcoin, it offers users speed.
The Bitcoin community fears losing users to the new network. Bitcoin is a very valued asset, so they want to ensure its dominance in the market.
The devaluation of bitcoin may attract investors to Bitcoin Cash. Since both, in the thesis would have the same potential of valorization, that is to say it is a great

[JollyGood]

Nobody has doubted or questioned the market value Bitcoin Cash holds. It is behind Bitcoin, Ethereum and Ripple making it 4th on the most valuable crypto but they have not been actively trying to ensure it stays there. It is just a fork, effectively a rip-off from Bitcoin. It was seems Bitcoin Cash was released to benefit the whales who could not force Bitcoin down a path they wanted to control. They argued it was to save Bitcoin and the crypto community but many believe it was a smokescreen to hide greedy intentions

[noah tall]

So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:

Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000   

Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000   

On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?

Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.

To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?

First of all, Bitcoin Cash is still starting. Secondly, Bitcoin Cash is not being liked by people, just as they do with Bitcoin. Thirdly, Bitcoin is not even able to compete with the top three cryptocurrencies, and I believe it is listed as the number four or five on the list of best cryptocurrencies on Coin Market Cap. Bitcoin Cash is not even able to compete with Ethereum or Ripple, so how can it be able to stand one on one with Bitcoin which is the number one on the list. Not possible.

[Rexpax]

Bitcoin for me is a fundamental crypto #1, a store of value and digital gold that holds its value through time. Bitcoin cash (Bcash lol) for me is just a
speculative asset that can help me get more satoshis in the long run. For expample, the was a recent increase of Bcash's value by 10%. I presume there will be a big pump before its hard fork in May. Why not make some trade ?

[JollyGood]

First of all, Bitcoin Cash is still starting. Secondly, Bitcoin Cash is not being liked by people, just as they do with Bitcoin. Thirdly, Bitcoin is not even able to compete with the top three cryptocurrencies, and I believe it is listed as the number four or five on the list of best cryptocurrencies on Coin Market Cap. Bitcoin Cash is not even able to compete with Ethereum or Ripple, so how can it be able to stand one on one with Bitcoin which is the number one on the list. Not possible.

I agree with most of your views but could provide your opinion about why Bitcoin Cash was created then?

[jaysabi]

Once BCH has the large blocks (not just a high size limit) that provide this empirical evidence, it will host the majority of bitcoin transactions and adoption. If BCH is successful, why would people want to switch back to BTC?

There is no evidence large blocks will make Bitcoin holders sell up and buy Bitcoin Cash or that Bitcoin Cash will ever host (as you put it) the majority of Bitcoin transactions.

As for the comment about why people would change back to BTC if BCH is successful, it is quite clear. No matter how successful BCH might become it will always be associated with the two or three whales and Asian exchange operators that wanted to create something that was designed to destroy Bitcoin not help or contribute to the community.

Why would people want to adopt using such a vindictive attempt of a fork that was created to destroy Bitcoin and then try to get everybody onboard the Bitcoin Cash bandwagon? Why would people want to adopt Bitcoin Cash instead of Bitcoin when the possibilty that if it was the primary base crypto it would be in control of a handful of people who could shape it whichever way they wanted without the majority of the community having their point of view taken in to consideration?

I think people are a lot more agnostic than you recognize as far as BTC/BCH goes. There are hardcore ideologues on both sides that make up a core, and BTC certainly seems to be larger there, but all of these peripheral jumpers on the bandwagons don't care about the ideology, they're just chasing fast profits and lambo dreams. If,  and a big if currently, Bitcoin's network were to undergo stress and congestion similar to what it experienced in 2016 and parts of 2017 - sky high fees and a constant backlog of 300k unconfirmed transactions that made the network slow and unreliable (i.e. expensive to use in time and money) - and BCH was sitting there as a near clone but with higher capacity and none of these problems, I think a lot of people's resistance to its origin story get abandoned. The longer the unreliability of BTC's network drags on, the more people's weariness breaks down. I could people slowly importing their profit seeking and lambo dreams to the network that has the capacity to handle transactions fast and easy, and an eventual tipping point where the majority switches sides. A lot would have to happen though to reach that at the current state of things, and it's only Bitcoin's crown to lose. I don't think BCH is going to do anything to innovate ahead of BTC, it's simply going to be a case of stealing momentum if BTC ever drops the ball.

[JollyGood]

I think people are a lot more agnostic than you recognize as far as BTC/BCH goes. There are hardcore ideologues on both sides that make up a core, and BTC certainly seems to be larger there, but all of these peripheral jumpers on the bandwagons don't care about the ideology, they're just chasing fast profits and lambo dreams. If,  and a big if currently, Bitcoin's network were to undergo stress and congestion similar to what it experienced in 2016 and parts of 2017 - sky high fees and a constant backlog of 300k unconfirmed transactions that made the network slow and unreliable (i.e. expensive to use in time and money) - and BCH was sitting there as a near clone but with higher capacity and none of these problems, I think a lot of people's resistance to its origin story get abandoned. The longer the unreliability of BTC's network drags on, the more people's weariness breaks down. I could people slowly importing their profit seeking and lambo dreams to the network that has the capacity to handle transactions fast and easy, and an eventual tipping point where the majority switches sides. A lot would have to happen though to reach that at the current state of things, and it's only Bitcoin's crown to lose. I don't think BCH is going to do anything to innovate ahead of BTC, it's simply going to be a case of stealing momentum if BTC ever drops the ball.

If Bitcoin Cash will remain there in the hope to pounce if Bitcoin has problems then Bitcoin Cash is nothing more than an opportunistic shadow. Maybe if it can break out of the control of the whales and Asian exchanges that wanted to ditch Bitcoin as soon as the fork happened and use Bitcoin Cash instead then it might become something more serious.

For many people Bitcoin Cash will be a commodity they inherited from the fork not one they purchased. The fact that the whales and Asian exchanges created Bitcoin Cash in order to get rich quick whether or not they destroyed Bitcoin remains the biggest reason people who have been involved with crypto for a long time will not invest in Bitcoin Cash. Those that are new and have no idea about what the whales tried to do will no doubt invest.

[jaysabi]

I think people are a lot more agnostic than you recognize as far as BTC/BCH goes. There are hardcore ideologues on both sides that make up a core, and BTC certainly seems to be larger there, but all of these peripheral jumpers on the bandwagons don't care about the ideology, they're just chasing fast profits and lambo dreams. If,  and a big if currently, Bitcoin's network were to undergo stress and congestion similar to what it experienced in 2016 and parts of 2017 - sky high fees and a constant backlog of 300k unconfirmed transactions that made the network slow and unreliable (i.e. expensive to use in time and money) - and BCH was sitting there as a near clone but with higher capacity and none of these problems, I think a lot of people's resistance to its origin story get abandoned. The longer the unreliability of BTC's network drags on, the more people's weariness breaks down. I could people slowly importing their profit seeking and lambo dreams to the network that has the capacity to handle transactions fast and easy, and an eventual tipping point where the majority switches sides. A lot would have to happen though to reach that at the current state of things, and it's only Bitcoin's crown to lose. I don't think BCH is going to do anything to innovate ahead of BTC, it's simply going to be a case of stealing momentum if BTC ever drops the ball.

If Bitcoin Cash will remain there in the hope to pounce if Bitcoin has problems then Bitcoin Cash is nothing more than an opportunistic shadow. Maybe if it can break out of the control of the whales and Asian exchanges that wanted to ditch Bitcoin as soon as the fork happened and use Bitcoin Cash instead then it might become something more serious.

For many people Bitcoin Cash will be a commodity they inherited from the fork not one they purchased. The fact that the whales and Asian exchanges created Bitcoin Cash in order to get rich quick whether or not they destroyed Bitcoin remains the biggest reason people who have been involved with crypto for a long time will not invest in Bitcoin Cash. Those that are new and have no idea about what the whales tried to do will no doubt invest.

There are certainly far worse coins that were created for terrible reasons and still exist despite being pure garbage, so I don't have any doubt that BCH will continue to exist for the foreseeable future as well. I'm not sure that being an opportunistic shadow is really that much of a slam since that describes literally every sing alt coin. There are some coins that started with an ideological purpose, but for the ones that have grown successful, every single one of them at a point became too big for politics not to play into it, and this includes Bitcoin itself. Nothing here operates on ideology anymore because there's far too much money at stake. Most of the money chasing gains in Bitcoin is ideology agnostic, and if Bitcoin stops working, they'll leave Bitcoin - not necessarily the crypto space - so the question where they go is interesting. BCH is one option. Ether is another logical choice, and perhaps even LTC.

[tamango]

Personally I have nothing against Bitcoin cash... it’s like bitcoin but with faster and much cheaper transtaction costs.....  I don’t know the difference in mining but it’s not my case.. for use and transactions I prefer for sure BCH to BTC...