Bitcoin vs Bitcoin Cash

[paul heman]

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?

Bitcoin is definitely better than any other coin. because Bitcoin has an ever-increasing development. and high potential to be a high price. so this triggers Bitcoin to be a very strong price. with strong Bitcoin prices, then Bitcoin will remain the number one coin on the Cryptocurrency market.

[cryptomeo]

Bitcoin will be Bitcoin, Bitcoin Cash is another another altcoin, but they will have different adoption and function in the market. Bcash is backed by substantial prominent personals in the crypto, hence i think it still has big potential.

[maianh09]

Bitcoincash is moving faster and faster than Bitcoin. BCH is attracting many investors interested in it. It is possible GG's information to accept BCH as a form of payment has made it more popular and attracted large investors who want to buy and own it cause prices move fast.

[kcgk]

BitcoinCash has implemented Bitcoin as a promise of “peer electronic cash”. It has been brought to all parts of the world, making it much cheaper and trustworthy. Unlimited development, global adoption and revolutionary innovations await. Extensibility is one of the core functions of Bitcoin cash. It follows the chain effect road map and is designed for global adoption on a large scale. Even large-scale future expansion will still be within the scalability of BitcoinCash.

[bddbd]

Bitcoin cash is completely decentralized. Individuals, banks, financial institutions and even the government have no influence on the network. Bitcoin cash will develop without any political or social interference. The new difficulty-adjustment algorithm (DAA) provides miners with the ability to transact from the blockchain as needed, while also protecting miners from mining-related fluctuations. The new transaction signature ensures that the entire platform is fully protected, improves wallet security and eliminates many potential problems.

[joesastro]

I think personally, growth is observed on both, so I am very sympathetic and this and that current cryptocurrency. And BCH currently exceeds BTC, but that does not mean that BTC will never exceed BTC. So I hope that in the future we will not see the fight, because both sides must understand that the opponent will not go anywhere.

[hjfjmk]

The block size of Bitcoin cash is limited to 8MB, which is 8 times higher than Bitcoin. This allows it to handle more transactions per day, speed up processing time and reduce costs. The transaction costs about $0.20, which is much cheaper than the former. I think bitcoin cash is also worth investing.

[Apocalypse Onion]

Bitcoin Cash is a load of rubbish. I was not paid for this post.

[R3ffun]

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?

Bitcoin is a coin with a growing development and able to give more profit by investing. So I am sure by having Bitcoin as coin owned will be very beneficial both short and long-term. besides that with Bitcoin that is so strong, it will be very beneficial for us who have it.

[chikucrypto]

I think bitcoin is king of coins but bitcoin cash is another type of coin i can't say what is exact vaule of this coin in the market . it's all depend on his performance. but yes investors will definite attract to this coin because of it's name bitcoin .

[Ekosistim]

i think it will be good if you can invest on both of them sir, i think both of them have a good future because both of them has low of Supply and circulating on market, and i think the rate of both of them was still growing.

[mojacho]

Just feel that Bitcoin Cash could've start better. The team behind couldn't explain its advantages to common public and ensure that this type of BTC can somehow beat its father.

BTC is a great brand and by now no one can beat it

[JollyGood]

Bitcoin will be Bitcoin, Bitcoin Cash is another another altcoin, but they will have different adoption and function in the market. Bcash is backed by substantial prominent personals in the crypto, hence i think it still has big potential.

You are right, in the end Bitcoin will always be Bitcoin and ALL others including Bcash/Bitcoin Cash will always be "altcoins".

As for the potential that Bitcoin Cash has because of the backers, only time will tell. There is too much animosity in the community against Ver, Wu and Zhuoer for their creation of Bcash/Bitcoin Cash so this coin will only survives as long as those whales push it. After they lose interest the price will drop back down to what it was at time of the fork.

[jaysabi]

Yeah, that's fair. Trying to hijack the name is shady, and not to defend them, but I do believe that they believe they're being more true to the original vision of Satoshi than the current developers, so I think they believe themselves to be the true Bitcoin. It's like when religious sects split off and each side labels the other side as heretics for not being true believers. Looks like the same mentality here by both sides.

I hear you and understand what you say but a key thing was stated by Zhuoer in an interview that he and his pools were only mining Bitcoin and then exchanging them for Bitcoin Cash. There is hypocrisy in that process. It is all too shady as far as the domain goes and well, that is life.

It's not unfair to view it as hypocrisy, but alternatively, you get more bang for the buck right now mining Bitcoin than Bitcoin Cash. It is more profitable in USD equivalent to mine BTC than it is BCH, so it is equally likely (if not more) that they're just seeking to maximize their resources. I think it would be hypocritical if they were mining Bitcoin and not converting to BCH, as that would imply they don't really believe in the future of their own version of the coin. The fact that they are converting doesn't imply hypocrisy to me personally, it just looks like they're trying to take advantage of low exchange rates and amass as much BCH as they can because they believe in it. I suspect that if it were more profitable to mine BCH in a USD/hash comparison, they would be mining that instead.

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

OK... now compare that with the stats as of now:

Bitcoin
capital $161,122,090,712
price $9,467.05
circulating 17,019,250
volume last 24 hrs $7,023,800,000

Bitcoin Cash
capital $29,330,315,237
price $1,713.83
circulating 17,113,900
volume last 24 hrs $1,819,640,000

The BTC market cap went up by 36.5% in one month, while that of BCH went up by 160% during the same duration.

This is easily explained by a high degree of variance that exists in these markets. You didn't point out all the times BCH goes down more than BTC, which is constantly, so this one particular data point isn't meaningful because they tend to revert to the mean rather quickly.

[ngoclanhoang1999qb]

Bitcoin is the first decentralised digital currency which is a  peer to peer electronic cash. The main difference between Bitcoin and Bitcoin cash is the transaction cost and processing speed. Bitcoin cash solve more transaction then Bitcoin in particular given time.

[dupee419]

Bitcoin vs Bitcoin Cash? Yes with the stats of each coin I just think that bitcoin cash is doing great progress, but it ain't comparable to bitcoin, I think it is a lop-sided fight between these 2, Bitcoin has and will be continuing to improve so as bitcoin cash, I just hope bitcoin cash will develop continuously.

[bamita129]

Roger Ver is very keen on forking bitcoin since as he believes that a real digital money is somewhat sort of a coffee money where you can buy staffs even in very small amounts.

[dario.93]

Seems like Bitcoin Cash is good fork, but it was laucnhed in a rush, not correctly planned, therefore it has nothing that can benefit anybody

[MASDAS87]

I think both are good for investment.Bitcoin is better than Bitcoin Cash because Bitcoin is first decentralized digital currency and Bitcoin is easy to transaction and nowadays Bitcoin is most popular and most valuable all over the world.we can transaction within seconds all over the world. there have main difference between Bitcoin and Bitcoin cash such as transaction cost and processing speed.

[Pump N Dead]

The main reason why they created the fork is because of greed. It is a win win situation for them because they created money out of a thin air and they can still keep their Bitcoin  on their possession. They think they can fool the people and just bought their shitcoin to get more money.