Bitcoin vs Bitcoin Cash

[JollyGood]

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)

If a coin has to replace Bitcoin then surely there must be something special or unique about it. From what I see Ripple network and Ethereum have more chance than Bitcoin Cash to replace Bitcoin but for now and the next few years it is so hard to see anything beyond Bitcoin as the top crypto.

It seems BCH was launched in a rush, not properly planned therefore has nothing that can benefit anybody. The 8mb block is nothing special and does nothing to dislodge Bitcoin or threaten its position. The only benefit I see is that the short term financial gain the whales would have had when receiving free BCH as a result of the fork.

[xitrum]

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?

You can see that the present time market is still dominated by the bitcoin price increase or decrease, the bitcoin rate still accounts for 45% of the market capitalization, so I think the time You should now invest and trade bitcoin. Investing in bitcoin at this time will reduce your risk and will save you the most money.

[jeanpadel14]

What makes them different is that Bitcoin Cash has a block size limit of 8 MB — eight times more than Bitcoin. This allows it to process more transactions per day, speed up processing times, and reduce fees. Transaction fees come in at around $0.20, making them much cheaper when compared to those of its rival. But they will increase once more people start using the currency.

[gon]

11B is still enormous amount of money - the BCH cap.
I never liked the fork/project, but it's supported by Bitmine and other big players.

I don't believe in BCH, but I'm holding few for just in case

[Kingofbitcoin12345]

Bitcoin in a lifetime will be challenge to be dethroned by new coins.. This is normal,, that for many times bitcoin slaped it with the reality,, it can’t be done by just claiming it is faster,, cheaper and better.. Bitcoin cash supporters done too much to make things happen,, to encourage bitcoin users to jump ship,, to discourage new investors to bitcoin and instead go to bch.

They’ve done so many things,, but the sad part they’re failing the fight.. Bitcoin remains victorious.. And still undefeated since on its creation..

[JollyGood]

11B is still enormous amount of money - the BCH cap.
I never liked the fork/project, but it's supported by Bitmine and other big players.

I don't believe in BCH, but I'm holding few for just in case

Sure it is a good idea. Why not hold on to them, at the end of the day it is all about money and I wish you make it from BCh and whatever else you might have.

I wish success to all those who received free BCH because of the fork but I just do not think the block 8mb justifies enough for a fork to occur.

[arthotdog]

BCH was pointless from the very begining. It was created in order to spread FUD while spamming the original network. Bitcoin Cash devs claim that it was created to remove bitcoin's disadvantages but:
1. If you need biger blocks you coula already use LTC. It have bigger blocks, fast transactions and low fees.The point that BCH blocks are even bigger is not making any sence, the diffirence if insignificant for anyone.
2. Even if we accept that BTC network was not spammed then just take a look at its fees at the peak times. 20$+ fees was a normal thing. if you split this number by 8 you will still get higher fees then BTC had at the begining of the previous year and that is the fee that BCH will have with the same market cap. Scaling on blockchain is not an option.
3. Lightning network is going to solve all issues with tx speed and fees. BCH will become completely pointless. It is already useless but then it will be even worse.

i dont know why many users been found trusting bitcoin cash when they already know that this was only a fud to put bitcoin down,but surprisingly after then still a hopeless case to be on top one coin..bitcoin will always be the number one ,unless all of us withdraw our faith on it,and transfer to that bch after

[Karam.aq]

the main reason bitcoin cash was created is to cut translation time and fees

[JollyGood]

i dont know why many users been found trusting bitcoin cash when they already know that this was only a fud to put bitcoin down,but surprisingly after then still a hopeless case to be on top one coin..bitcoin will always be the number one ,unless all of us withdraw our faith on it,and transfer to that bch after

It was also to make whales a lot of money. It would be interesting to know how many whales kept their BCH or swapped for Bitcoin.

[kissme09]

What makes Bitcoin Cash worth it is the investors who own it. Investors keep Bitcoin Cash in great quantity, and they help to boost its price on the exchange. People believe in it because they get it from maintaining Bitcoin in the previous hard fork event. And they think that if they hold Bitcoin Cash, they will make a profit.

[siap86]

bitcoin will always have a high value, not just against the bitcoin cash but also against all existing crypto because bitcoin is the first coin and can be called as a reference.

[JollyGood]

What makes Bitcoin Cash worth it is the investors who own it. Investors keep Bitcoin Cash in great quantity, and they help to boost its price on the exchange. People believe in it because they get it from maintaining Bitcoin in the previous hard fork event. And they think that if they hold Bitcoin Cash, they will make a profit.

They HAVE made profit by default because of the fork.

Regardless of the facts Bitcoin Cash is still a valuable commodity with a great market capital and 24hr volume base, but again I emphasise the point (and ask people to reply with their opinions) about what the real reasons were to fork Bitcoin.

These same alleged benefits (faster transactions and larger 8mb blocks) could have been created with a whole new coin. I think those promoting the fork and advocating it saying it was the "real Bitcoin as per Satoshi's vision" were promoting nonsense and it was their greed to have BCH for free that was the driving factor. They did not care about Bitcoin or de-centralised trading or anything else. To me it seems they made a lot of money from being early investors in Bitcoin and because they held large amounts they were trying to control it. They lost, so they forked and tried to destroy Bitcoin but it backfired.

Bitcoin is still king and I prefer it that way

[feverpitch]

After the fork transactions started to going slower and miners fee became a getting crazy, so using BTC for anything is nearly impossible

[gudrun]

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 believe that bitcoin is always the best choice at the moment. You can see that with the very great applications that bitcoin brings, bitcoin is the most valuable and most influential coin in the market. You can see that bitcoin capitalization accounts for 45% of the total market capitalization, an extremely large number that BCC is hard to beat.

[TrumpD]

I guess that's what makes crypto "unique" at the moment with it's unregulated nature. A group of people can create new coins if they have "ideological" differences. It was the same with ETH coming to rival Bitcoin. But with BTC and BCH, I think it was just an opportunity for more money grabbing, as compared to ETH which was for actually product development.

[bitbunnny]

Despite some predictions Bitcoin Cash has survived. For now. The question is how long and how successful will last.
But if you ask me Bitcoin is still the first and the best choice and Bitcoin Cash has no chance against it. Many more successful coins don't have chance against Bitcoin and Bitcoin Cash is not even close.

[Farma]

actually we can see its current potential. of course bitcoin is still better than bitcoin cash. although bitcoin cash is still often used for trading purposes, but in the end, bitcoin will be something better than bitcoin cash.

[Ararbermas]

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

likewise mate. I also preferred to invest both because its performance which is like what bitcoin and eth performance last last month . That's why i believe that both has a potential on this year and has tend to increase at the same time. So for sure there will be a good return soon when both rocketed .

[JollyGood]

I guess that's what makes crypto "unique" at the moment with it's unregulated nature. A group of people can create new coins if they have "ideological" differences. It was the same with ETH coming to rival Bitcoin. But with BTC and BCH, I think it was just an opportunity for more money grabbing, as compared to ETH which was for actually product development.

This is one of the best comments, thank you.

As you pointed out, at least ETH has something innovative to offer and was a direct evolution in the crypto sphere whereas so many others are simply clones of Bitcoin. In the event of Bitcoin Cash I agree with you that it does seem opportunistic by the whales for money grabbing.

[jaysabi]

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?

The point, as far as I understand it, was to make a more functional version of Bitcoin. Remember, the community was paralyzed with unreasonable transaction fees for over a year and there was consistently a backlog of hundreds of thousands of unconfirmed transactions. The block size was increasingly being viewed as inadequate to scale Bitcoin to an expanding user base (and probably still isn't, btw), and the people behind the split were seeking to address this rather than continue in the malaise since it was becoming increasingly clear that Bitcoin's leadership was unwilling or unable (and same difference, really) to institute changes that would keep Bitcoin competitive in the crypto space. It very much felt like the first mover advantage was being squandered and that Bitcoin could eventually fade to irrelevance, and the splitters sought to take corrective action. Whether or not any of that was accomplished or the motives remained pure after the split is another discussion entirely, but at the point of the split, there were entirely logical reasons for it.

What I find interesting is that the split parallels the religious split of the Lutherans from the Catholics (to use a somewhat obscure in this context but totally relevant historical analogy). The Lutherans believed the Catholic church was rife with corruption and special interests for selling indulgences to forgive sins, and believed that splitting from the church and creating their own version of the religion that was more pure and true to the original point of the church was the only way to save their own souls. Essentially, Bitcoin Cash was making the same argument- that splitting and adhering to Satoshi's original vision (which included increasing the block size) was the only way to save Bitcoin. To put it another way, Lutherans were the first hard fork.