Bitcoin Cash what are your thoughts?

[EmmaGod]

I personally won't call bitcoin cash a shitcoin, though the project has dwindled over the years. I remember bitcoin cash was once one of the most popular coin in the cryptocurrency space and its value was far higher than ethereum, but now that's not the case.

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[mindrust]

I don't hold any BCH but if I had I'd hope you guys pump it enough so I can unload my bags at a premium.

The developers work hard for the end users to make sure profit from the chain split. It is foolish not to notice this. After the hard fork, you can transfer your assets back from BCH/BCHN to BTC

But first you have to buy BCH, right? Isn't that what you all bagholders, including Roger of course, are hoping for?

I can tell you how this "profit" will look like.
In september 2018 before the BSV fork BCH was trading for 420 USD. Then it pumped to 630 USD right before the fork and dumped to 80USD in December.

Volatility-wise Bitcoin is no different. It went to 20k from 200 bucks, then went down to 3k and 10k again.

The main difference would be that bsv and bch may never recover from those low prices.

They probably will though if btc goes to another bull.

[Cekerula]

Many users say that BCH is not a good coin for several reasons including the fork of real bitcoin. but for me personally it doesn't matter whether BCH is shitcoin or not, because if I can profit from it then I will see it. investing is taking profit. so focus on the profits. if feasible then use, if not then leave.

[Kunnu]

According to the figures BCH is one of top ranked coin for a long time so on this basis I don't have much reasons to call it shitcoin but I have seen so far that mostly people have negative point of view about bch which is not a good sign for bch that's why I don't expect much with it.

[tsaroz]

The current buzz about the (highly) probable bitcoincash fork took some of my attention. I like most others who loves bitcoin had always considered bitcoincash a cheap copy. But while learning about the fork and the reasons for it, the development work in bitcoin cash and it's roadmap amused me. There are many things that are interesting and some of those works were being discussed for bitcoin network but are in verge of coming in action on bitcoincash.
The reason for the upcoming fork seems to be the decision of bitcoincash team to take a levy from miners to develop the network. The ones not happy with the levy thing are branching off. Both of those idea seems to be valid, one moving towards centralized development while another favoring bitcoin's approach to volunteer involvement.

[imstillthebest]

According to the figures BCH is one of top ranked coin for a long time so on this basis I don't have much reasons to call it shitcoin but I have seen so far that mostly people have negative point of view about bch which is not a good sign for bch that's why I don't expect much with it.

so in short you got turned off on bch ? just because of what others are saying ?

no thats not right way of thinking but you should go and push your support for the coin if you think that it has a potential based on what you see .

bch isnt alone but there are coins that are on top but people still talk negative with them , they can do this all the time on many coins . this makes them uncredible for thier feedbacks

[Arkann]

see the main purpose of Bitcoin Cash is actually good, which is trying to make bitcoin transactions faster. used as a payment system, transactions are faster and cheaper than bitcoin. but it seems that all of that has not been able to attract much attention from investors and traders (maybe because of his young age). some think BCH is just a clone of Bitcoin. I don't consider BCH shitcoin, but I am not the holder, I have more faith in Bitcoin.

You have practically answered the question posed regarding the prospects for Bitcoin cash. It is just a bitcoin clone that will never be the original. In addition, Bitcoin Cash in the cryptocurrency market arouses the interest only of traders and trading speculators who make money using the opportunity that exists now. But as soon as Bitcoin cash starts to lose ground, everyone will turn away from it. and it seems to me that few people would like to invest in Bitcoin Cash on a long-term basis.

[claire_lovely]

I think that they have a much better solution to long term scaling than BTC due to the increased block size, and I would like to see it accepted in more marketplaces.

[mindrust]

I think that they have a much better solution to long term scaling than BTC due to the increased block size, and I would like to see it accepted in more marketplaces.

There is no long term scaling solution to any crypto that operates on a blockchain. Lightning isn't one too.

The only reason BCH hasn't collapsed yet because nobody uses it. Even LTC has more on-chain activity than BCH.

[Zeronic]

I don’t say bitcoin is a shitcoin. BUT bitcoin cash is so risky. I think it is better to invest on any project or any crypto, which have bitcoin in their e-wallet than invest in bitcoin cash.

[bitcon]

Bitcoin Cash was Bitcoin's first fork but its value cannot reach higher levels than Bitcoin in the future.
The first reason is that the miners don't focus on it much. Next are the users and companies that do not support Bitcoin Cash like Bitcoin.

Crypto experts (at least, the major part of them) insist on investing in other altcoins. The place Ethereum on the top, and then, NEO, Stellar, TRON, and Ripple are going. Professional traders do not believe in a great Bitcoin Cash growth in the nearest 4-8 months.

[Abiky]

It is just a copy of bitcoin and follows its chart , It doesn't have a big difference behind it , it's just the size of the blocks, but anyway, the fee in is rather smaller than bitcoin and you can transfer it in almost every major exchange .

That's certainly true, mate. The major difference between Bitcoin and Bitcoin Cash is their handling of the Blockchain's scalability. Bitcoin has taken the "off-chain" approach by relying on a second layer for scalability (dubbed The Lightning Network) instead of raising the block size. But Bitcoin Cash has avoided creating a separate solution for scalability by simply raising the block size to a higher value. Whenever BCH or BTC have taken the right path for scalability, it's yet to be determined in the future. You should do your own research instead of making your decisions based on other's opinion. Both cryptocurrencies (Bitcoin and Bitcoin Cash) have their own critics and supporters that will drive you to choosing one coin from the other. As long as both cryptocurrencies are active in development and innovation, they'll survive for a long time.

While Bitcoin Cash is no more different than Bitcoin (except for the higher block size), it's certainly the most successful Bitcoin-based fork to date. The Bitcoin "spinoff" has been active in development since it came into inception back in 2017. Bitcoin Cash now enjoys of a whopping 32 MB block size for scalability, a new address format (CashAddr), and optional privacy features (CashShuffle). The team is considering to adopt Avalanche consensus algorithm to complement PoW and make the Blockchain extremely efficient in the long run. As BCH provides concrete results compared to most other Bitcoin-based forks, it turn out to be a good long term investment. But ultimately, the decision will lie in yourself. We may end up in a world where Bitcoin and Bitcoin Cash grow alongside each other for the foreseeable future. At least, this keeps the ecosystem alive as competition benefits the growth of the industry. No matter how far BCH goes, Bitcoin will always be the winner because of its first-mover advantage on the market. Just my thoughts

[husencoe]

In my opinion BCH is a good coin that has a potentially good for long-term investment, but all of this cannot be separated from the influence of the up and down of Bitcoin prices, because at the price of Bitcoin down BCH will also drop significantly

[puremage111]

Don't think this coin is in play for now

The market focus more DEFI/Yield Farming now instead of forks/tech coins
I think Bitcoin cash will eventually phased off overtime

[pixie85]

Volatility-wise Bitcoin is no different. It went to 20k from 200 bucks, then went down to 3k and 10k again.

The main difference would be that bsv and bch may never recover from those low prices.

They probably will though if btc goes to another bull.

Now, I cannot agree with this.

First of all, if you count the rise from 200 to 20 thousand USD and back to 3 thousand it took a cycle of 4 years to happen, while BCH needed only 1 year (december 2017- december 2018) to drop from 3100 to 80 USD.
It never experienced a large pump just started high due to high expectations and a lot of advertising and kept going down ever since. It shows you how weak and worthless the coin is.

In another thread there's a compilation of losses each top 20 coin has experienced since ATH till now. BTC is one of the top losers with 95% lost value which is worse than XRP with its 93%.

[mindrust]

Volatility-wise Bitcoin is no different. It went to 20k from 200 bucks, then went down to 3k and 10k again.

The main difference would be that bsv and bch may never recover from those low prices.

They probably will though if btc goes to another bull.

Now, I cannot agree with this.

First of all, if you count the rise from 200 to 20 thousand USD and back to 3 thousand it took a cycle of 4 years to happen, while BCH needed only 1 year (december 2017- december 2018) to drop from 3100 to 80 USD.
It never experienced a large pump just started high due to high expectations and a lot of advertising and kept going down ever since. It shows you how weak and worthless the coin is.

In another thread there's a compilation of losses each top 20 coin has experienced since ATH till now. BTC is one of the top losers with 95% lost value which is worse than XRP with its 93%.

It never experienced a big pump because bitcoin is in a bear market in the last 3 years. You are making a mistake by comparing BCH to BTC.

Of course, BCH has no power to drive the markets. Even ETH is limited in this regard. We don't know how BCH is going to response to a bull market yet.

In the last bull, all shitcoins went crazy. If we get to see a another BTC bull market, I expect the same thing again. My reasoning is, it is way harder to move bitcoin upwards or downwards because it is already a lot bigger than the rest but when the serious new money enters the space, those shitcoin without any mass will just fly to the moon. Even the most shittiest ones. The shittier it is, the better.

When the bull arrives, the shittiest of the shit coins will bring the most enormous profits, that's if you can get out in time before the collapse.   Not many can achieve this because we are all greedy mfers and it can always go higher and then... bam. Back to zero.

[Febo]

First of all, if you count the rise from 200 to 20 thousand USD and back to 3 thousand it took a cycle of 4 years to happen, while BCH needed only 1 year (december 2017- december 2018) to drop from 3100 to 80 USD.
It never experienced a large pump ...

It simply dont exist long enough. If you want to predict what will happen with BCH in next few years you should look at Litecoin. Litecoin is a BCH competitor. Just one of them. There are plenty. Basically a Bitcoins protocol forks. All old coins with a community will do we in next few years.

[Nanda Dewi277]

Bitcoin Cash is a great and stable cryptocurrency. The chart is very stable and only slightly shaking. Take a look at the chart and from month to month or from year to year.

In my opinion, Bitcoin Cash is perfect for long or short term investments

[ufaiz50]

first time from bitcoin hard fork, don't really expect more for bitcoincash. I think the market is not that good, overrated and tend to turn their backs on bitcoin, as most of the memeber here says. still worthy of enlivening the cryptocurrency market, the community is also everywhere.

[bryant.coleman]

first time from bitcoin hard fork, don't really expect more for bitcoincash. I think the market is not that good, overrated and tend to turn their backs on bitcoin, as most of the memeber here says. still worthy of enlivening the cryptocurrency market, the community is also everywhere.

The exchange rate of BCH has fallen, but it is very much alive and thriving. Despite the entry of so many new cryptocurrencies, BCH continues to be in the top-5 list in Coinmarketcap. And we also need to remember that the BSV hard fork did a lot of damage to the BCH market cap. The community is also very lively and they have a few industrial heavyweights supporting them.