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Author Topic: Bitcoin Cash what are your thoughts?  (Read 1731 times)
sandos
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May 13, 2020, 01:31:27 AM
 #81

i think bitcoin cash was the best fork coin from bitcoin , altought all fork coin mostly are trash , but it still have support and the volume still good for me
because it is a part of large coins in the market, the movement of BCH is also affected by the price of BTC. whereas right now I think bitcoin is in good shape. it makes BCH also in the same position. Moreover, I think the BCH market is big enough and they can last until now.

In the beginning, BCH had an amazing price, but the depreciation on BCH with time it's a lot of times higher than BTC, ATH of BCH was 3.7K when BTC was 19k. almost 20% of the BTC price, and now we have BTC at 8k and bCH at 200$, not even 5% of BTC value.
BCH is not the best investment option, but this is the only coin that helps me to make the most profit from this market. In fact, the price of BCH will depend a lot on Bitcoin because if Bitcoin stays still, all altcoins in this market will tend to decrease more. The value of BCH may not be comparable to that of ATH, but someday the price of BCH will rise soon.

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May 13, 2020, 01:58:31 AM
 #82

i think bitcoin cash was the best fork coin from bitcoin , altought all fork coin mostly are trash , but it still have support and the volume still good for me
because it is a part of large coins in the market, the movement of BCH is also affected by the price of BTC. whereas right now I think bitcoin is in good shape. it makes BCH also in the same position. Moreover, I think the BCH market is big enough and they can last until now.

In the beginning, BCH had an amazing price, but the depreciation on BCH with time it's a lot of times higher than BTC, ATH of BCH was 3.7K when BTC was 19k. almost 20% of the BTC price, and now we have BTC at 8k and bCH at 200$, not even 5% of BTC value.
BCH is not the best investment option, but this is the only coin that helps me to make the most profit from this market. In fact, the price of BCH will depend a lot on Bitcoin because if Bitcoin stays still, all altcoins in this market will tend to decrease more. The value of BCH may not be comparable to that of ATH, but someday the price of BCH will rise soon.

If we look at profits I think That ETH is a good option too, BCH and ETH have more markets and trading pairs, and the price is more variable than most os the cryptos right now.

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May 13, 2020, 06:21:22 AM
 #83

I see a lot of people talking about BCH, a lot of adopter and also a lot of people that don't like and some that says it's a scam.
And you? what is your opinion about it? A good coin? a shitcoin?

Bitcoin Cash (BCH) is the result of Hardfork Bitcoin launched in August 2017 where BCH has placed its position in order to simplify the process of entering a list of top 5 cryptocurrency transactions and being registered on Coinbase.

That mean, If a transaction process easier  from  this coin can make it to be strong magnetic field.  So that many sellers start accepting it as a means of payment.

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May 21, 2020, 11:02:44 PM
 #84

I think BCH is a pretty good currency for us to care about. Although the Bitcoin Cash platform has some minor changes. However, these changes will be the stepping stone for a race against Bitcoin later:
-Increase block size limit
-Provide replay protection and wipeout protection, this makes the Bitcoin and Bitcoin Cash chains completely independent in all aspects.
-Adjust the Proof-Of-Work difficulty in Bitcoin Cash faster than Bitcoin
-New transaction signature
Finally, BCH's transaction fees are cheaper than Bitcoin.

At least, Bitcoin Cash has a different scaling approach from the original Bitcoin which can be put to good use in case the Lightning Network fails in the future. With different implementations of Bitcoin, developers can test various solutions to scale the Blockchain efficiently without sacrificing security/reliability. Most people hate Bitcoin Cash (BCH) because of "crypto politics" than anything else. But the truth is that BCH is doing well in terms of development and innovation. Anyone willing to get the full Bitcoin experience without having to use a separate solution for scaling can use BCH for daily payments. If you still want to use Bitcoin, then you can rely on the Lightning Network for cheap & instant transactions.

Compared to other Bitcoin-based forks with no real use cases for the mainstream world, I'd say that Bitcoin Cash has done pretty good since its inception back in 2017. It's different from both the original Bitcoin, and the spinoff fork called Bitcoin SV. The latter will tend to become extremely centralized over time due to the unlimited block size. On the other hand, BCH's limited block size of 32 MB is more flexible to deal with, while still retaining a certain level of decentralization (although Bitcoin is much more decentralized).

Ultimately the choice of either Bitcoin (BTC) or Bitcoin Cash (BCH) will lie on the person himself. We cannot force everyone to use BTC, the same way we cannot force everyone to use BCH. Since Bitcoin Cash has a large ecosystem of services, merchants, apps, and developers, it could survive for a very long time. As long as development and innovation continues, I don't see a reason why Bitcoin Cash shouldn't be considered as a solid cryptocurrency in the first place. Just my opinion Smiley

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May 21, 2020, 11:14:38 PM
 #85

BCH is one of the most HYPED shitcoin. You can trade them in an exchange for the real BTC and nothing to do in holding a bag of it.

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May 21, 2020, 11:35:30 PM
 #86

BCH is one of the most HYPED shitcoin. You can trade them in an exchange for the real BTC and nothing to do in holding a bag of it.

The way you just described BCH, is that it is not a good coin to hold if I am right? Well, I think that is based on personal opinion. Inasmuch as BCH could have come top on CMC, It shows that it is an already established coin. A lot of projects are competing to be at the top, yet BCH remains in its position unshaken. Although, there are some top altcoins that have controversies, yet I believe in the potentials that BCH has over so many of them and even the rival called BSV.
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May 25, 2020, 03:37:27 PM
 #87

The way you just described BCH, is that it is not a good coin to hold if I am right? Well, I think that is based on personal opinion. Inasmuch as BCH could have come top on CMC, It shows that it is an already established coin. A lot of projects are competing to be at the top, yet BCH remains in its position unshaken. Although, there are some top altcoins that have controversies, yet I believe in the potentials that BCH has over so many of them and even the rival called BSV.

Agree. It's all based on personal opinion, than anything else. I'd say that the wars between Bitcoin (BTC) and Bitcoin Cash (BCH) are purely politics. We must keep in mind, that crypto and Blockchain technology are all about decentralization. Forks are to be expected when certain community members do not agree on specific changes proposed to the original blockchain. Both Bitcoin and Bitcoin Cash will grow their separate ways in terms of development and innovation. So far, Bitcoin Cash has remained actively traded and developed in the mainstream world. With an ecosystem of apps, developers, and exchanges supporting it, I don't see a reason why it should be avoided in the first place.

Of course, we cannot hide the fact that Bitcoin Cash is much more centralized than Bitcoin. But that's because BCH serves a completely different purpose from the original BTC. Bitcoin Cash sacrifices some decentralization in exchange for scalability. People who want to use Bitcoin as digital cash, would use the Bitcoin Cash blockchain for their own benefit. But those who want a solid store of value that resembles "Gold", would rely on Bitcoin than any other cryptocurrency available on the market. Everyone has different "tastes" when it comes to choosing one crypto over another. You can either buy and “hodl” BCH, or simply ignore it. The decision lies ultimately in yourself.

Nonetheless, there could be a bright future for BCH if it continues to ramp up its development efforts. There are so many exciting things coming for BCH in the future (like Avalanche consensus) that will make it a great alternative to the original Bitcoin blockchain. The pioneer cryptocurrency will continue to grow in development and innovation until it becomes a "force to be reckoned with". Whichever coin you choose (BCH or BTC), always pay close attention to the news in order to know what you'll do with your investment in the long term. As long as you're "updated" with the latest in crypto, nothing should go wrong. Just my opinion Smiley

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May 25, 2020, 04:13:45 PM
 #88

Do you mean Bitcoin Scam? I do not see any reason why I should use more centralized copied ledger with much much lower computing power with little resistant to double-spending attack. Please, tell me.
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May 25, 2020, 04:28:33 PM
 #89

Bitcoin Cash is a shitcoin you can not hold for a long term. But when there is Bitcoin why do you go for BCH. Best is do your own research and make sure your confident. My suggestion is not to invest in BCH.

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May 25, 2020, 05:59:25 PM
 #90

I don't like Bitcoin cash, because in my opinion there is only one Bitcoin, which is Bitcoin,
lots of new coins from the hardfork Bitcoin, and born BCH, BCD, BTG and that makes me uncomfortable, I trust Bitcoin than others

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May 25, 2020, 07:56:01 PM
 #91

In my mind, this is just a shitcoin that is harkfork from bitcoin. And it certainly doesn't have any value in this market. Its price is only pumped and dumped by whales that control this market

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May 26, 2020, 04:38:25 AM
 #92

Bitcoin Cash is a shitcoin you can not hold for a long term. But when there is Bitcoin why do you go for BCH. Best is do your own research and make sure your confident. My suggestion is not to invest in BCH.
I think you are right BCH hasn't had the same potential as BTC has in its tremendous growth. It's not worth holding to hold BCH for the long term instead of that I chose BTC over and over again because we can see how highly profitable it is. That's why people haven't shown much support towards BCH as people have been showing towards the BTC. In terms of investment, I would always be the side of BTC or not towards BCH.
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May 26, 2020, 05:09:24 AM
 #93

BCH is one of the most HYPED shitcoin. You can trade them in an exchange for the real BTC and nothing to do in holding a bag of it.

The way you just described BCH, is that it is not a good coin to hold if I am right? Well, I think that is based on personal opinion. Inasmuch as BCH could have come top on CMC, It shows that it is an already established coin. A lot of projects are competing to be at the top, yet BCH remains in its position unshaken. Although, there are some top altcoins that have controversies, yet I believe in the potentials that BCH has over so many of them and even the rival called BSV.
The ranked doesn't matter a lot but when you were seeing it from the usefulness of the coin and i guess you will be understand about that perfectly about which is the main concern.

BCH can still defend its position caused by the hype that already made used the name of bitcoin.

Where is the main value of BCH? utility? that's BS

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May 26, 2020, 05:32:22 AM
 #94

Never liked it, I can't stand Roger Ver, and his message, or the way that he behaves. There have been so many shady things behind BCH as a whole project and its message, sadly one of my jobs used to pay me in BCH, mostly I exchanged it right away to BTC and sometimes some LTC (because the fast confirmations), but at the end kept a few, because even if a shitcoin, suddenly its prices can skyrocket ~30% and if it does that again, I gonna sell it all.
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May 26, 2020, 07:02:50 AM
 #95

many people think that BCH is a pretty good coin and ranks high on the list of good coins, and if someone says BCH coins are not good it's a ratio of 1/10 people, because now talking about reality in the crypto world is not just an opinion.

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September 22, 2020, 05:20:21 AM
 #96

In my mind, this is just a shitcoin that is harkfork from bitcoin. And it certainly doesn't have any value in this market. Its price is only pumped and dumped by whales that control this market
Where is a proofs? Pumps & dumps? This is not a proof
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September 22, 2020, 05:26:47 AM
 #97

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 .
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September 22, 2020, 05:35:31 AM
 #98

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 .
If the fees is less then why pay more? BCH is no copy of BTC, it's an improved version of Bitcoin
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September 22, 2020, 06:54:20 AM
 #99

The marked cap of BCH is false, because it was a fork of bitcoin, there are millions of bch that has never been claimed. Only reason it is holding any value, is it's low supply and a few large holders that have lost too much to sell.

If it were to ever go high in price, there would be lots of fresh bch sold from people who didn't bother claiming it for 5% of their bitcoin
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September 22, 2020, 09:54:56 AM
 #100

I don't really see it as a good year for Bitcoin Cash when you see that the price is getting lower as with many alts lately. Maybe all these criticisms by the critics of the cpin are taking its toll and many are shying away from investing from the said coin. The developers of Bitcoin Cash should see this as a warning that they need to do more to entice investors to invest and hopefully increase the price without Bitcoins influence.

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