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Author Topic: Bitcoin and bitcoin cash ?  (Read 140 times)
Eikocarol
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August 04, 2018, 05:09:42 AM
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It's like the title, can someone just simply told me what the different about bitcoin and bitcoin cash and i was read some articles that bitcoin cash is an upgrade of bitcoin than why don't people invest in bitcoin cash instead of investing bitcoin? Huh
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August 04, 2018, 05:24:53 AM
Last edit: August 04, 2018, 05:36:35 AM by mdayonliner
 #2

why don't people invest in bitcoin cash instead of investing bitcoin? Huh
Because Bitcoin cash is not bitcoin, it's an altcoin like any other alts. Some other alts that has been created from forking bitcoin...

Bitcoin XT
Bitcoin Classic
Bitcoin Unlimited
Bitcoin Gold etc

All of these are altcoin like Bitcoin cash.

So, decide which one you want to buy into, Bitcoin or any altcoin?

SuiMikira
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August 04, 2018, 06:00:15 AM
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Bitcoin Cash is the fork coin of Bitcoin to increase the block size from 1 MB to 8 M to enable faster transaction.

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Eikocarol
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August 04, 2018, 06:21:53 AM
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why don't people invest in bitcoin cash instead of investing bitcoin? Huh
Because Bitcoin cash is not bitcoin, it's an altcoin like any other alts. Some other alts that has been created from forking bitcoin...

Bitcoin XT
Bitcoin Classic
Bitcoin Unlimited
Bitcoin Gold etc

All of these are altcoin like Bitcoin cash.

So, decide which one you want to buy into, Bitcoin or any altcoin?
Thanks for explain me but do you think that bitcoin or bitcoin cash which one is better?
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August 04, 2018, 08:07:14 AM
Merited by guybrushthreepwood (3)
 #5

It's like the title, can someone just simply told me what the different about bitcoin and bitcoin cash and i was read some articles that bitcoin cash is an upgrade of bitcoin than why don't people invest in bitcoin cash instead of investing bitcoin? Huh

I would like to point out that Bitcoin Cash is not an upgrade per se. They basically made a copy of Bitcoin and altered in such a way that would let its network handle more transactions right off the bat by increasing the block size. Bitcoin itself could also theoretically implement the same change but most of the community believes in exploring different solutions (side chains) like the Lightning Network first.

You can read this:

https://en.wikipedia.org/wiki/Bitcoin_scalability_problem

...for a more information about the subject. I personally prefer Bitcoin because I like the idea of side chains, and the general success of Bitcoin over Bitcoin Cash seems to indicate that most of the community has the same opinion. It's ultimately up to you to decide which you like better though. You even have the option to support both.

AlphaGoo
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August 04, 2018, 09:13:33 AM
 #6

Investors only care about how much profit can be generated by investing in products. Bitcoin cash is more suitable for short-term investment speculation, and Bitcoin is suitable for long-term preservation to obtain income!

kosaymoive333
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August 04, 2018, 09:25:20 AM
 #7

Transaction platform or third-party wallet provider, may or may not provide Bitcoin Cash. But it seems the third party will try to do the right thing for their users, but there is no way to be sure they offer Bitcoin Cash to the user or not.
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August 04, 2018, 09:35:25 AM
 #8

i was read some articles that bitcoin cash is an upgrade of bitcoin than why don't people invest in bitcoin cash instead of investing bitcoin? Huh
What article is that?

Bitcoin cash isn't an upgrade of bitcoin, it is a fork. --> https://cryptocurrencyfacts.com/understanding-hard-forks-cryptocurrency/

Bitcoin cash is an altcoin.

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August 04, 2018, 09:48:47 AM
 #9

The fundamental difference between Bitcoin and Bitcoin Cash is the volume of transactions.
Bitcoin Cash is an electronic money generated through the folk of the Bitcoin network. This means that any user holding Bitcoin at the folk time (August 1, 2017) now has the equivalent Bitcoin Cash on Bitcoin Cash clearing.
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August 04, 2018, 10:11:32 AM
 #10

Bitcoin Cash was born and has overcome the shortcomings of bitcoin:
It takes a lot of time to process the transaction. Slow transactions are mainly due to limited block size (1MB / block), equivalent to 3 transactions per second.
Thus, Hard Fork was born to overcome the above limitations of Bitcoin. Hard Fork is a nickname or term for investors and miners who want to upgrade the bitcoin algorithm.
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August 04, 2018, 10:34:15 AM
 #11

When comparing Bitcoin with Bitcoin Cash, the truth is Bitcoin Cash is not better or worse than Bitcoin. Both can coexist in the market, along with many other coding currencies including Ripple and Ethereum. But it is important to remember that although they share the same name, they are completely separate currencies.
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August 04, 2018, 11:09:56 AM
 #12

Bitcoin cash (bcash, BCH) isnt an upgrade, it is an altcoin (i.e. different cryptocurrency) based on bitcoin (BTC) but with different blocksize. Bitcoin cash has a different blockchain, wallets, markets, price and development team than Bitcoin. It only has a similar name.

There was a hardfork that meant that previous bitcoin holders received free bitcoin cash and could use or sell these free altcoins. Most people prefer to use bitcoin and bitcoin cash is less popular. Bitcoin cash markets itself with quicker confirmation times and lower fees, but bitcoin works to overcome this problem (e.g. segwit, lightning network). According to https://bitcoinfees.earn.com/ the current cheapest tx fee for a 10 minute confirmation is 4 satoshis/byte (= $0.06 fee) compared to $1-$10 tx fees in the past. Keep in mind, this means you can send any amount of money to anyone in the world who has internet and a bitcoin address, they receive your payment in 10 minutes, and you pay only a 6 cent fee.

If you want to invest, invest in bitcoin. Bitcoin fees are low and scalability is worked on.

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August 04, 2018, 11:12:17 AM
 #13

Bitcoin Cash was born as a result of Bitcoin Cash's upgrades to create a new currency with more features than the old currency and the acceptance of the community.
Bitcoin Cash is a copy of Bitcoin's open source code, so Bitcoin's features are just the thing. Bitcoin Cash has been upgraded to 8 MB, which is a lot bigger than Bitcoin with only 1 MB. The Bitcoin Cash copy which Bitcoin used to make Bitcoin Cash, makes it easy for Bitcoin owners to get Bitcoin Cash for free.
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August 06, 2018, 04:07:44 AM
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I'm impressed with the fact that PCHAIN will be providing smartcontract possibility for Bitcoin Cash. Looking forward to see it on practice.

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August 06, 2018, 06:44:24 AM
 #15

why don't people invest in bitcoin cash instead of investing bitcoin? Huh
Because Bitcoin cash is not bitcoin, it's an altcoin like any other alts. Some other alts that has been created from forking bitcoin...

Bitcoin XT
Bitcoin Classic
Bitcoin Unlimited
Bitcoin Gold etc

All of these are altcoin like Bitcoin cash.

So, decide which one you want to buy into, Bitcoin or any altcoin?
Thanks for explain me but do you think that bitcoin or bitcoin cash which one is better?

Have you seen all the cheap imitations of popular soda drinks, like Coca~Cola lately? Well, if I can take that as an example. Bitcoin Cash is like one of these fake brands of Coca~Cola. It is cheaper and it looks like the original product, but it taste like shit.

The people behind these fake brands, will tell you that it is just as good as the original, but deep down you know they are full of shit.

Coca~Cola is sold in +200 countries worldwide and Bitcoin <BTC> is very close to that. These cheap knockoffs are trying their best, but the original coin, Bitcoin <BTC> is still the best!

Dopedealer
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August 06, 2018, 07:26:56 AM
 #16

Bitcoin cash just a copy of bitcoin but worse so don't really take a care about this.
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August 07, 2018, 02:02:53 AM
 #17

It's like the title, can someone just simply told me what the different about bitcoin and bitcoin cash and i was read some articles that bitcoin cash is an upgrade of bitcoin than why don't people invest in bitcoin cash instead of investing bitcoin? Huh
On August 1, 2017 bitcoin was divided into two parts. One of these two parts is the usual bitcoin (Bitcoin), the same as it was before, before this division. And the other part is completely new, but at the same time it's a bit like the ordinary bitcoin currency, called bitcoin cash. Bitcoin Cash differs from Bitcoin in that Bitcoin Cash can have blocks of up to 8 megabytes in size. The purpose of the change is to confirm the transactions more quickly and to include more transactions in the block. So, Bitcoin and Bitcoin Cash are two different crypto-currencies.
 There are four main differences.
So, the first difference is the 8 times bigger block size in the blockroom. As the creators of the new digital money themselves believe, a larger size will contribute to an increase in the number of transactions.
The second difference is the rapidly changing complexity. Miners respond faster to changes.
The third difference is the appearance of a new type of transactions, in which you can specify the amount of payment.
And the fourth difference - enhanced protection against the erasure of transactions and their repetition.
I hope this information will be useful to you.
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August 07, 2018, 04:23:55 AM
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On August 1, 2017 bitcoin was divided into two parts.
bitcoin was NOT divided to anything. bitcoin is still bitcoin and is going on as always. what happened was that a group of people (and then a lot of others) created copies of bitcoin and named them different things while still including the name of "bitcoin" such as "bitcoin cash", "bitcoin gold",... and this was not the first fork/copy of bitcoin.

Quote
Bitcoin Cash differs from Bitcoin in that Bitcoin Cash can have blocks of up to 8 megabytes in size.
it is 32 MB now and their blocks are still 99% empty. and that is not the only difference, they also removed SegWit, and a bunch of other features from bitcoin including some OP codes.

Quote
The second difference is the rapidly changing complexity. Miners respond faster to changes.
are you talking about EDA? that was removed from BCH a long time ago. and its only purpose was to create an incentive for miners to go mine BCH in the days where instead of default ~144 blocks/day they had 1000+blocks/day!

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August 07, 2018, 05:49:56 AM
 #19

Here's the major problem with Bitcoin Cash... They claim to be the real Bitcoin.

Talk about bad actors. I would have absolutely no issues with BCash if they didn't try to deceive newbies into thinking that it was the "real" Bitcoin. Roger Ver and his shilling fan boys are cancerous to the crypto industry. Could they have provided value by standing behind bcash as an altcoin that was meant to correct scalability issues that Bitcoin Core was having? Absolutely, as long as they disclosed that it was a fork of Bitcoin, not its replacement.

The site Bitcoin dot com is cancerous, as it portrays bcash to be Bitcoin. It is not. The only reason they're getting the volume that they so loudly boast is because of all the newbies that find the site and end up buying bcash instead of bitcoin, simply because of the scammy nature of the site. The volume is undoubtedly pumped by unknowing victims buying the shitcoin, and then selling it after they realize the mistake that they've made.

Please don't fall victim to this, and kudos to you for taking the time to ask this question publicly. I hope this thread can become indexed by the search engines organically so that more people end up stumbling on it when researching BTC vs. BCH.

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August 07, 2018, 07:40:21 AM
 #20

It's like the title, can someone just simply told me what the different about bitcoin and bitcoin cash and i was read some articles that bitcoin cash is an upgrade of bitcoin than why don't people invest in bitcoin cash instead of investing bitcoin? Huh

I would like to point out that Bitcoin Cash is not an upgrade per se. They basically made a copy of Bitcoin and altered in such a way that would let its network handle more transactions right off the bat by increasing the block size. Bitcoin itself could also theoretically implement the same change but most of the community believes in exploring different solutions (side chains) like the Lightning Network first.

You can read this:

https://en.wikipedia.org/wiki/Bitcoin_scalability_problem

...for a more information about the subject. I personally prefer Bitcoin because I like the idea of side chains, and the general success of Bitcoin over Bitcoin Cash seems to indicate that most of the community has the same opinion. It's ultimately up to you to decide which you like better though. You even have the option to support both.
Thanks for the information, now i understand. Bitcoin without the block size like bitcoin cash but it has the lightning network technology which brings the connect and the general success.
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