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April 04, 2018, 09:00:46 PM |
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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?
There were two basic reasons to create bitcoin cash, the first reason was to make a lot of money and they did, if you look at bitcoin cash it is by far the most successful fork of all of them, many have tried to emulate its success but they have failed miserably, and the second reason is that those that support bitcoin cash have a different vision of what bitcoin should be and so they decided to separate themselves from bitcoin and create a project with slightly different characteristics.
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Sirait
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April 04, 2018, 09:39:10 PM Last edit: January 06, 2021, 04:06:25 PM by Sirait |
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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?
^ when the first time Bitcoin Cash came I bought it at around $900 and 2 days later the price dropped to $200 there is very loss, from that I realized my decision at that time to sell Bitcoin to buy BCH is very wrong. and I realized that BCH only game so the Whale gets a big advantage from new buyers.
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JollyGood (OP)
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April 04, 2018, 09:43:18 PM |
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when the first time Bitcoin Cash came I bought it at around $900 and 2 days later the price dropped to $200 there is very loss, from that I realized my decision at that time to sell Bitcoin to buy BCH is very wrong, and I realized that BCH only game so the Whale get a big advantage from new buyers. Sorry about your loss, it is not an easy one to take. I agree that the only obvious reason Bitcoin Cash was created was to allow the whales to get even richer and not to enlighten the rest of the world to bury Bitcoin and jump on Bitcoin Cash. Whether that is true or not remains to be seen.
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hacker1001101001
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April 05, 2018, 08:45:49 AM |
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You have partly answered the question. Those who advocated the fork wanted more money, they wanted to increase their portfolio's worth and they achieved that aim. However, bitcoin cash isn't entirely useless, as the aim to increase block size was achieved and in the near future might prove useful. The 8mb block size adopted by bitcoin cash is supposed to ameliorate some of the scaling issues being experienced by bitcoin network. So in a rare sense, the crypto asset still has some inherent worth beyond its price index.
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ai5998865
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April 05, 2018, 08:57:28 AM |
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now with the news of the lightning protocol output bch becomes absolutely unnecessary, as well as thousands of other cryptocurrencies. even Roger Ver sold out almost all of its reserves
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RamonBTC
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April 05, 2018, 09:05:27 AM |
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No greater reason than money, the hype about bitcoin cash from former bitcoin investors to members precisely you would find it as a promising one, but it all ends after all. Now like all forking coins, it starts good and it will fail hard.
Those who leave bitcoin for that coin, in silent might be investing in bitcoin now. All those who makes excuses just to promote that shitty coin are waiting for another attack against bitcoin, in order to increase the price.
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JollyGood (OP)
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April 05, 2018, 09:36:12 AM |
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No greater reason than money, the hype about bitcoin cash from former bitcoin investors to members precisely you would find it as a promising one, but it all ends after all. Now like all forking coins, it starts good and it will fail hard.
Those who leave bitcoin for that coin, in silent might be investing in bitcoin now. All those who makes excuses just to promote that shitty coin are waiting for another attack against bitcoin, in order to increase the price.
That was a regular pattern by those pushing for the creation of Bitcoin Cash. They had to attack Bitcoin and force a campaign of justification down our necks. With other coins they just simply launch with fancy logos and catchphrases about how great it will be and then reality strikes home about how useless they are. However with Bitcoin Cash those behind it had a campaign against Bitcoin saying Bitcoin Cash will do what Bitcoin was supposed to do as justification for launching it. As mentioned by someone posting earlier it seems that increasing blocksize has its uses but it is hardly a life changing alteration.
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ulia93
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April 05, 2018, 12:48:58 PM |
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Well, you can be sure that they made enough money from bitcoin cash. They mined bitcoin cash even when it was unprofitable to mine, because later they made an organized pump and they were managed to push it to 0.5BTC at most of the exchanges which is completely crazy. Bitcoin cash is being completely controlled by the chinese strong players, it's a centralized coin that is being used for manipulations only.
I feel that we will see Bitcoin's attacks on the part of the Bitcoin Cash creators more than once. I fully agree that Bitcoin Cash is completely controlled by its Chinese creators. I was surprised at how its price began to grow and approached half the price of Bitcoin, but then realized that it was only made artificially, and not because of the popularity of people.
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JollyGood (OP)
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April 05, 2018, 01:19:38 PM |
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Well, you can be sure that they made enough money from bitcoin cash. They mined bitcoin cash even when it was unprofitable to mine, because later they made an organized pump and they were managed to push it to 0.5BTC at most of the exchanges which is completely crazy. Bitcoin cash is being completely controlled by the chinese strong players, it's a centralized coin that is being used for manipulations only.
I feel that we will see Bitcoin's attacks on the part of the Bitcoin Cash creators more than once. I fully agree that Bitcoin Cash is completely controlled by its Chinese creators. I was surprised at how its price began to grow and approached half the price of Bitcoin, but then realized that it was only made artificially, and not because of the popularity of people. The price did initially stand good ground but now has drifted off. It might never hit those highs again.
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iconicavs
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April 05, 2018, 01:25:52 PM |
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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?
It was so high and it felt like it will never go down "this low" but it did. I still think bitcoin is under control and will be able to stand up soon. I just hope the investors won't panic and sell their coins because they are losing interest. This will cause another drop due to panic selling.
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denny27
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April 05, 2018, 01:40:06 PM |
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I don't think at all that the decline that happens, it will be the longer., it will push bitcoincash to be superior rather than bitcoin. And I don't think that have more affects on it, and anyhow bitcoincash is still well below bitcoin of its popularity and its power in the interest of many people, as well as its supports and anything in it.
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Jambolb2
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April 05, 2018, 05:10:53 PM |
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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, I believe most of these people are just after their own pockets. Everyone wants to do what will favor them due to their own greedy and selfish desires. I don’t really see any reason for creating Bitcoin Cash, but there are still people making use of it, in fact lots of people are making use of Bitcoin Cash and it will some day grow too. But one thing for sure is that it will never beat the real Bitcoin. BTC will always continue to be the best.
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JollyGood (OP)
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April 08, 2018, 06:21:23 PM |
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of course I would choose bitcoin instead of choosing bitcoincash because I think bitcoin cash is a little less than the maximum and never seems to be able to compete with even the price of bitcoin. I see no reason why Bitcoin Cash would overtake Bitcoin. It brought nothing new to the table apart from a 8mb block and was is really a big revolutionary deal? Bitcoin remained King... but Bitcoin Cash, well it is not even Price because Ethereum has that accolade.
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Yusuf77
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April 08, 2018, 06:28:17 PM |
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Bitcoin is clearer in its future and has gained a lot of trust from people. so I recommend bitcoin to be invested in the future. so it's better to choose bitcoin instead of bitcoin cash
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ArnoldChippy
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April 08, 2018, 06:31:31 PM |
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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?
It was so high and it felt like it will never go down "this low" but it did. I still think bitcoin is under control and will be able to stand up soon. I just hope the investors won't panic and sell their coins because they are losing interest. This will cause another drop due to panic selling. There is no doubt about this, bitcoin price has good potential and it will surely increase too much may be much more that its previous high price, therefore i think that still it is a good opportunity with the investors to invest money in bitcoin and get a very good profit like the people who make money in bitcoin in previous time. We just need to be patient and wait for some more time.
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JollyGood (OP)
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April 08, 2018, 06:46:28 PM |
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Bitcoin is clearer in its future and has gained a lot of trust from people. so I recommend bitcoin to be invested in the future. so it's better to choose bitcoin instead of bitcoin cash I agree but in that case why do you think the fork was created in the first place? From what I see it served no benefit.
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gantez
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April 08, 2018, 07:29:21 PM |
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of course I would choose bitcoin instead of choosing bitcoincash because I think bitcoin cash is a little less than the maximum and never seems to be able to compete with even the price of bitcoin.
It is undounting that bitcoin core and bitcoin cash are not to be compared. Cash is a fork from bitcoin core and for the value, bitcoin core is supreme for sure.
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Chrystora123
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Omicron is another FUD
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April 08, 2018, 07:47:52 PM |
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we know Bitcoin is a decentralized coin while Bitcoin Cash does not seem to me, so Bitcoin Cash cannot beat Bitcoin in the future, I had a bad experience with Bitcoin Cash when the Bitcoin Cash just appeared.
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Hadji
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April 08, 2018, 08:45:34 PM |
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It is very possible that this is the next currency that will replace bitcoin, I'm thinking of buying it on hold, I still believe that bitcoin is not eternal and must be replaced on schedule. (My opinion)
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t3m4nc0k
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April 08, 2018, 08:51:13 PM |
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Apart from that all I am still investing in both. I will still trust bitcoin and bitcoin cash because I know both have lower prices and I will take advantage of that momentum
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