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Author Topic: IS BITCOIN CASH DEAD ?  (Read 896 times)
BITSPANISH
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November 21, 2018, 10:16:02 AM
 #41

I do not think if it is already dead coin because all coins are falling down due to decreasing of bitcoin value, like what i said before if you see an income at the current value much better to sell it and save for another pump for security of our money.

I think the dump of the cryptocurrency market recently is due to the hard fork of BCH, and BCH is split into BCHABC and BCHSV. This makes the price of the market is dropped, and now the market cap is 150 billion dollars. I think the market cannot recover in 2018.



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November 21, 2018, 10:41:45 AM
 #42

I do not think if it is already dead coin because all coins are falling down due to decreasing of bitcoin value, like what i said before if you see an income at the current value much better to sell it and save for another pump for security of our money.

I think the dump of the cryptocurrency market recently is due to the hard fork of BCH, and BCH is split into BCHABC and BCHSV. This makes the price of the market is dropped, and now the market cap is 150 billion dollars. I think the market cannot recover in 2018.



It is true that one of the causes of the fall in all prices in the market was due to the hardfork BCH and it has had a huge impact up to now, it is likely that BCH will die and be replaced by BCHABC and BCHSV, we will look forward.
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November 21, 2018, 11:29:16 AM
 #43

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?
Bitcoin Cash is slowly but surely coming down. It is too early to talk about his death, but still it is worth considering whether it makes sense to keep this coin in long term. With this fall you do not know what to do and how to behave.
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November 21, 2018, 12:46:07 PM
 #44

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?
Bitcoin Cash is slowly but surely coming down. It is too early to talk about his death, but still it is worth considering whether it makes sense to keep this coin in long term. With this fall you do not know what to do and how to behave.
It's dead. A lot of people are aware right now if the bitcoin cash controlled by some greedy politicians. I hope these speculators will try to move their money to the another cyrpto which give a better future than shit fork coin like BCH. in fact that was destroying anything. BCH is the worst coin in the history of crypto.


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ay.postnov
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November 21, 2018, 01:13:15 PM
 #45

Unfortunately it seems like that this project is going down. And I am happy that I didn't listen advices and didn't invest in it when there was a total rush

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November 21, 2018, 01:55:57 PM
 #46

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?


rumors of a decline that occurred a few days ago were caused by bch doing a hardfock, and it didn't succeed in attracting investors. so a war is carried out to reduce the price of bitcoin. yes this is like what I read in another thread.
I think this is a game to suppress our more panic, then they buy it with a very large amount.

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November 21, 2018, 02:20:43 PM
 #47

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?

I think the original BCH was completely destroyed by the fork last week. As can be seen from the graph, there are currently only Bitcoin ABC and Bitcoin SV.



The current market slump, I think has also been triggered by the fork.
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November 21, 2018, 03:09:56 PM
Merited by xtraelv (1)
 #48

BCH doesn't exist anymore and I think only one will prevail out of BCH ABC and BCH SV. Right now it looks like ABC will be the winner but a lot could change, given the current market conditions we might see a scenario in which neither of them will survive.

since the hardfork BCH and the hash wars, which until now has caused the market to crash, there is no good impact, all the major coins that we know are affected. even the two BCHs themselves, for the future even if crypto can survive in this situation, it will also be very lucky but still, the percentage of loss is greater than we expected before

That's because CSW doesn't care about anything but his perception of himself. He believes that pushing SV at all costs is the solution. SV is failing currently in the hash war. It doesn't even seem in his case that the end will justify the means.

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November 21, 2018, 03:34:49 PM
Merited by suchmoon (4), o_e_l_e_o (2)
 #49

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?


rumors of a decline that occurred a few days ago were caused by bch doing a hardfock, and it didn't succeed in attracting investors. so a war is carried out to reduce the price of bitcoin. yes this is like what I read in another thread.
I think this is a game to suppress our more panic, then they buy it with a very large amount.

Both ABC and SV are hemorrhaging with losses due to the cost of mining both (inefficient) chains. It is being funded by Crypto selloffs from all major Cryptos.

Bitcoin, Ethereum, Litecoin and others have all seen big drops in value.



Bitcoin is also doing a correction from when the market was in full mania and the price was dictated by greed and speculation.
The adjustment allows for the lower cost of mining (some of the hashrate has moved to mining ABC  & SV).

This war will wipe out large market caps and will reduce the wealth of the people involved in this "war". I believe that bitcoin hasn't seen it's lowest point yet. In the long term I do believe that bitcoin will win and recover from this. It still has the same utility and support and will provide an opportunity for people with long term vision to buy into bitcoin at a lower price level. (Allowing for good future increases)

I think ABC will be a neutered version of BCash and SV will just be another shitcoin that has its own toxic community and just won't die. (I predict SV will have a sucessfull 51% double spend attack by the end of 2019).

Craig Wright might be planning to do this for years - but the people that are financing this bloodbath will eventually come to their senses and concentrate on making money rather than throwing it away.

Once the markets really get back to normal with seperate ABC and SV markets the dumping of those coins will start.

Interesting times - usually the market peaks around Christmas.

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November 21, 2018, 03:46:32 PM
 #50

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?


rumors of a decline that occurred a few days ago were caused by bch doing a hardfock, and it didn't succeed in attracting investors. so a war is carried out to reduce the price of bitcoin. yes this is like what I read in another thread.
I think this is a game to suppress our more panic, then they buy it with a very large amount.

Both ABC and SV are hemorrhaging with losses due to the cost of mining both (inefficient) chains. It is being funded by Crypto selloffs from all major Cryptos.

Bitcoin, Ethereum, Litecoin and others have all seen big drops in value.

https://i.imgur.com/m4BrudH.png

Bitcoin is also doing a correction from when the market was in full mania and the price was dictated by greed and speculation.
The adjustment allows for the lower cost of mining (some of the hashrate has moved to mining ABC  & SV).

This war will wipe out large market caps and will reduce the wealth of the people involved in this "war". I believe that bitcoin hasn't seen it's lowest point yet. In the long term I do believe that bitcoin will win and recover from this. It still has the same utility and support and will provide an opportunity for people with long term vision to buy into bitcoin at a lower price level. (Allowing for good future increases)

I think ABC will be a neutered version of BCash and SV will just be another shitcoin that has its own toxic community and just won't die. (I predict SV will have a sucessfull 51% double spend attack by the end of 2019).

Craig Wright might be planning to do this for years - but the people that are financing this bloodbath will eventually come to their senses and concentrate on making money rather than throwing it away.

Once the markets really get back to normal with seperate ABC and SV markets the dumping of those coins will start.

Interesting times - usually the market peaks around Christmas.

Maybe a few a few weeks (months), the BCH will have more support and the price will rise. So the mining is not unprofitable. So it is more difficult to attack it.
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November 21, 2018, 04:49:18 PM
 #51

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?


rumors of a decline that occurred a few days ago were caused by bch doing a hardfock, and it didn't succeed in attracting investors. so a war is carried out to reduce the price of bitcoin. yes this is like what I read in another thread.
I think this is a game to suppress our more panic, then they buy it with a very large amount.

~cough cough~



~cough cough~

Is this accurate ?
if it is, does not that mean they are mining something is 'worthless' right now ? what is their goal mining such a coin with 50% loss in term of profit or investment ?
and even SV unprofitability is way too high at 352% ?
it does not make any sense at all right now, or is this kind of tactic to wipe their competitor ? pushing the price down, pressuring the price and waiting for SV's supporter to stop mining it and ABC becomes the next BCH ?
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November 21, 2018, 08:22:21 PM
 #52

I hope it died, it is just shit fork and it has two new shit forks now, I hope their prices fall much and they give up for doing manipulations. They are threatening the market from twitter account and I dont like them at all.



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November 21, 2018, 10:08:17 PM
 #53

This war will wipe out large market caps and will reduce the wealth of the people involved in this "war".

I agree with you. This is interesting point of view. When those fckers burn their money sponsoring their shitcoins, they will have much less influence on bitcoin price and whole market. So good thing in all of this that btc is going to be slightly more decentralised.
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November 22, 2018, 10:45:09 AM
 #54

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?
I do not think it will stay like this forever I think exchanges will start to list Bitcoin Cash ABC as " BCH" like they used to and liste bitcoin cash satoshis vision will stay as BCHSV instead. They listed them like this because there was no knowledge of who won but looking at Craig right now we can see that he realized he lost and now focusing on other stuff.

He already sold most of his coins and sits on top of a big cash pile so he decided he will focus on bringing bitcoin blockchain to companies now like a software company and that way he can make a lot of money but I doubt which crazy company would work with him. Now that ABC side won the war I think BCHABC will change into BCH only and that way bitcoin cash will continue existing. It just took sometime to decide which side won. It is still not decided %100 so it may take sometime but it will go back to how it used to be.
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November 22, 2018, 10:45:26 AM
 #55

https://www.thestar.com.my/tech/tech-news/2018/11/22/as-bitcoin-prices-fall-mining-cryptocurrencies-is-no-longer-profitable-for-many/

Quote
Suanlitou, a Hong Kong-based mining platform that allows users to mine Bitcoin on a contract basis, said in a statement on Monday that it has suspended all contracts involving Bitmain’s Antminer T9, which was the most in-demand rig in the market. Suanlitou said it was unable to cover management and electricity fees incurred by use of those machines for a 10-day period from November 7.

Quote
Jack Liao, who runs Shenzhen-based Bitcoin mining firm Lightning Asic said he expected the bear market for cryptocurrencies to stretch till next year, with Bitcoin prices sinking to as low as US$2,000 (RM8,400). “Many people won’t survive,” he said.

I tend to agree. With Tether artificially inflating the bitcoin price its price rise was based on FOMO, greed and mania. I believe that the actual current value lies around $3000 but that the market may over correct (dropping the price lower) before it starts to climb again. (Something I said already around February)



Dropping below $3000 is concerning since a lot of large scale mining operations may decide to turn off miners. This would lower the difficulty and lower the cost of mining.

Some of the shitcoins won't survive and the cull will be healthy for the market. I'd like to see some of the promising newcomers produce some real commerce applications and innovation during that time. The results will help the recovery. Low cost bitcoin will encourage some people to ditch their alts for bitcoin and also encourage newcomers into the market.

Bitcoin benefits from quality altcoins since most altcoins are traded on the bitcoin base market.

A lower priced more stable bitcoin which looks like it will have promising future increases will encourage further adoption in commerce.


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November 22, 2018, 10:58:14 AM
 #56

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?
Roger ver is now insane because of the collapsing thats happning to his cryptocurrency
He did everything just to beat bitcoin and take over the top position,but all he got is failure so for me,bitcoin cash is not dying but this will surely go to the lowest position it may ever had,the fork is failure and he has nothing to do to make this copycat coin grow again like what this had mid of this year
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November 22, 2018, 11:38:39 AM
 #57

It was my understanding that bitcoin cash (BCH) is no more, there is now BCH ABC and BCH SV that have been issues 1:1 in replacement of any BCH holdings. Perhaps I am mistaken in this?

they still didn't decide which BCH is BCH Cheesy I am surprised to see such kind of blockchain civil war.

Well neither are BCH anymore really are they. They shouldn't try to piggy back of their former success because they chose this path. Go out on their own now as BCHSV and BCH ABC and let's see who wins the war.

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November 23, 2018, 01:06:00 AM
 #58


Roger ver is now insane because of the collapsing thats happning to his cryptocurrency
He did everything just to beat bitcoin and take over the top position,but all he got is failure so for me,bitcoin cash is not dying but this will surely go to the lowest position it may ever had,the fork is failure and he has nothing to do to make this copycat coin grow again like what this had mid of this year

This is also a risk that the real Satoshi understood. That the crypto has to be free from personalities.

SV is Craig Wright and ABC is Roger Ver.

It is near impossible to strip away the personalities from the Crypto because they have such polarizing personalities.

Neither of them appeal to me. But if I had to choose I'd prefer Ver over Wright.

I doubt that SV will amount to anything over time. But the issues caused will be an interesting learning experience.

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November 23, 2018, 06:53:16 AM
 #59

Unfortunately it seems like that this project is going down. And I am happy that I didn't listen advices and didn't invest in it when there was a total rush
Now the price of this coin is falling, but in the long run I think it will grow again. no need to draw conclusions in advance. have to wait. I also did not invest in BCH when many said that it was a great coin. its capitalization has fallen significantly, but most likely it will rise when the market begins to recover in 2019
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November 23, 2018, 07:24:43 AM
 #60

Last week was another Night mare in the history of the crypto currency world. the event of the Bitcoin cash forking took  a huge swipe on the crypto market leading to a bizarre lost of over 50 billions Usd in the Market.  Bitcoin dropped below 6000usd trademark. the last time it hit such price was in August.  After the Forking, there has been a tug of War between the New born babies. BTC CASH ABC and BTC CASH SV.
So i asked what is the likely faith and future of their father. Bitcoin Cash.?

I think the original BCH was completely destroyed by the fork last week. As can be seen from the graph, there are currently only Bitcoin ABC and Bitcoin SV.



The current market slump, I think has also been triggered by the fork.
most likely it is, I agree with you. We will be watching this situation further. I hope BCH will restore its position

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