Any hope for BitcoinCash?

[7788bitcoin]

It probably still pumped like another coin just like how old coin pumped, but i dont know how long bitcoincash would stay on the market since its purposes isnt needed anymore, BTC with its Lightning Network already a good combination.

If you look in that aspect then you do not need hundreds and thousands of other coins in the cryptocurrency market but still they are all riding high whenever the bull run starts. I am not certain about the development of BitcoinCash as i am not following their development for years but it will rally as long as the Bitcoin market rallies. Whatever be the purpose they will survive like the other alts in the market.

[Tumanggor]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

bitcoin cash is currently ranked 18th CMC with a 12 billion dollars market cap

I see the attraction of bitcoin cash is that it has lost far with other altcoins such as cardano or binance coin, this is what makes me pessimistic that bitcoin cash can go to ath again

maybe until the end of this year (when btc bullish) bitcoin cash will only touch $ 1k - $ 1.5k (highest price)

[bitgov]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

In my opinion, there is no longer any hope for Bitcoin Cash. I think its price will slowly go to zero. All investors in the cryptocurrency market have already realized that BCH does not introduce anything new, and the whole project is just business for Roger Ver.

[darmin]

All coins have an equal chance to fly. But the extent to which the project will develop in the future. I think BitcoinCash has good fundamentals. A well-integrated system. Just often to monitor the price, if you feel this BitcoinCash has good potential.

[bitterguy28]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

bitcoin cash is currently ranked 18th CMC with a 12 billion dollars market cap

actually it is 11 billion dollar plus

https://coinmarketcap.com/currencies/bitcoin-cash/

but having this capitalization is not that low to expect it is.

I see the attraction of bitcoin cash is that it has lost far with other altcoins such as cardano or binance coin, this is what makes me pessimistic that bitcoin cash can go to ath again

not only the competence but also the case of BCH to be a bitcoin clone in which not can claim to be a legit bitcoin forever.

maybe until the end of this year (when btc bullish) bitcoin cash will only touch $ 1k - $ 1.5k (highest price)

Well that is too low from the former ATH in which 4,500$ , but yeah that is the highest it can be.

[Abiky]

They lost a lot of good will coming from the community, personally I am not against forks because bitcoin is an open source project and it makes sense that some other developers will try to build something on top of it or take another direction, however many of those forks were just weak attempts to make money out of the bitcoin name and the developers behind them never had the intention of taking their coins in a new direction, and in the case of bitcoin cash they angered a lot of the people in the community when they claimed their coin was the real bitcoin when we know this is not the case, this is why this coin even if it still exists does not get attention from the community as we have not forgotten what happened back then.

That's certainly true, mate. Bitcoin Cash claiming to be the real Bitcoin caused a dilemma within the community. You can't beat what's already been established. Instead of focusing on beating the original project, Bitcoin Cash should've focused on being a better altcoin anyone can use worldwide. Development for BCH is still ongoing, but interest declined considerably after the "hash wars" of 2018. Bitcoin SV certainly damaged Bitcoin Cash's reputation in the mainstream world. And don't let me get started on Bitcoin Cash ABC (now known as eCash). If the BCH team doesn't do anything to bring people's confidence into it, then I'm afraid it'll slowly fade into oblivion until it becomes history. I wouldn't worry about this, since we already have Bitcoin. Just my thoughts

[redsun114]

Bitcoin Cash claiming to be the real Bitcoin caused a dilemma within the community. You can't beat what's already been established. Instead of focusing on beating the original project, Bitcoin Cash should've focused on being a better altcoin anyone can use worldwide. Development for BCH is still ongoing, but interest declined considerably after the "hash wars" of 2018. Bitcoin SV certainly damaged Bitcoin Cash's reputation in the mainstream world. And don't let me get started on Bitcoin Cash ABC (now known as eCash). If the BCH team doesn't do anything to bring people's confidence into it, then I'm afraid it'll slowly fade into oblivion until it becomes history. I wouldn't worry about this, since we already have Bitcoin. Just my thoughts

They were never really interested in being "the real bitcoin" to be honest. It was created by miners who makes millions of dollars per day from mining and the way bitcoin is moving right now means miners will make a lot less profit, especially with the halving now they are actually making a lot less, thanks to price being so much higher they are making more in fiat, but they are making much less in bitcoin terms.

This is why they created BCH, hoping that many people would move to it and they would keep on making profit just like they used to, or at least they could make the difference from there to continue making a good return, which failed.

[Ararbermas]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

well it's too hard to tell if there's still a potential for bitcoin cash to reach the all time high value again. Because you know it's been 4 months actually since the growth rate fall at the current support wherein still no good improvement, just imagine $1634.8 is the ATH and now its playing around $590.. And the new resistance is $800 something like that since may until now and bitcoin cash struggle to break out on that value.. So for me in my personal opinion its very unpredictable..

[sikke]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

I don't think there are.

The whole premise of bitcoin cash is to get people to defect from bitcoin and adopt that as an alternative to bitcoin.

That has failed miserably and the community clearly recognises BTC as bitcoin instead of BCH. No long term value here.

[cafucafucafu]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

I don't think that there is any potential.

In terms of previous all time highs, no. Do you really think that an irrelevant coin like BCH will be able to go back to 0.2 BTC which is now >$10k and give it a valuation that will be close to ADA and even ETH?

The BCH gang has lost a lot of steam in the recent bull run in general. Not a good bet because its whole identity is based off of being a bitcoin alternative, and bitcoin is working just fine right now.

[zaim7413]

Yeah, i know that right, but for sure the one that keeps rising is the one that have unique value in the market, the one that not usefull anymore in the market slowly would be forgotten.

What is not useful in the market is not only forgotten but will also be removed by any exchange in their list so that no one can be found again by anyone and only useful ones will stay in the market.

[Abiky]

They were never really interested in being "the real bitcoin" to be honest. It was created by miners who makes millions of dollars per day from mining and the way bitcoin is moving right now means miners will make a lot less profit, especially with the halving now they are actually making a lot less, thanks to price being so much higher they are making more in fiat, but they are making much less in bitcoin terms.

This is why they created BCH, hoping that many people would move to it and they would keep on making profit just like they used to, or at least they could make the difference from there to continue making a good return, which failed.

As they say, "money talks". As long as there's money to be made, nothing else matters. At least, that's how miners and developers think nowadays. Bitcoin Cash was mainly created as a means for profit, not a serious cryptocurrency project for day-to-day use. The experiment worked, as people who owned Bitcoin got "free money" after Bitcoin Cash was created. By that time, crypto wasn't as mainstream as it is right now.

Nowadays, there's fierce competition from many blockchain networks with smart contract functionalities. It's all about "De-Fi" and NFTs, leaving single-purpose blockchain networks in the dust (with the exception of Bitcoin). Bitcoin Cash is just clone of Bitcoin with a few simple tweaks. Increasing the block size to a higher value is not enough to bring the masses into the project. There needs to be innovation or people will lose interest into BCH until it slowly fades into oblivion. From all of the Bitcoin-based forks on the market, I think Bitcoin Cash will survive. But it won't reach that far in price if it doesn't provide innovation to the crypto/Blockchain space. I wouldn't worry about this as long as we have the original Bitcoin (BTC). Just my opinion

[sana54210]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

I don't think that there is any potential.

In terms of previous all time highs, no. Do you really think that an irrelevant coin like BCH will be able to go back to 0.2 BTC which is now >$10k and give it a valuation that will be close to ADA and even ETH?

The BCH gang has lost a lot of steam in the recent bull run in general. Not a good bet because its whole identity is based off of being a bitcoin alternative, and bitcoin is working just fine right now.

BCH was basically what miners wanted and they got it and now we can see that it wasn't something that would work, it was always obvious that they would end up making a loss on that investment if they kept it in something else. I mean even reaching ATH is something that most other things can't reach, but only in fiat. BCH wasn't created so that it would be a good coin, nobody really assumed it to be a good thing, it was obvious that it would be a bad coin, it was something that was done because of hatred and revenge emotion.

In the end, Roger Ver and Jihanwu wanted to get a revenge out of all the people who didn't pay them a lot and they did it by creating BCH and then end up taking their money, or maybe they lost a ton of money from it as well, so everyone lost money from it, maybe it is something that basically ended up losing money to every single person who is involved.

[Dinda mayasi]

I have long considered that price changes in the market are influenced by several factors. The main factor is the usefulness and interest of the actors in the token or coin. Bitcoincash has many competitors. Then he should have innovation in the future (programs that can be offered).

[South Park]

Bitcoin Cash claiming to be the real Bitcoin caused a dilemma within the community. You can't beat what's already been established. Instead of focusing on beating the original project, Bitcoin Cash should've focused on being a better altcoin anyone can use worldwide. Development for BCH is still ongoing, but interest declined considerably after the "hash wars" of 2018. Bitcoin SV certainly damaged Bitcoin Cash's reputation in the mainstream world. And don't let me get started on Bitcoin Cash ABC (now known as eCash). If the BCH team doesn't do anything to bring people's confidence into it, then I'm afraid it'll slowly fade into oblivion until it becomes history. I wouldn't worry about this, since we already have Bitcoin. Just my thoughts

They were never really interested in being "the real bitcoin" to be honest. It was created by miners who makes millions of dollars per day from mining and the way bitcoin is moving right now means miners will make a lot less profit, especially with the halving now they are actually making a lot less, thanks to price being so much higher they are making more in fiat, but they are making much less in bitcoin terms.

This is why they created BCH, hoping that many people would move to it and they would keep on making profit just like they used to, or at least they could make the difference from there to continue making a good return, which failed.

They were interested in becoming the real bitcoin, they were so interested they claimed their project was in fact the real bitcoin, what they were not interested in was to actually do the hard work needed to reach that goal, personally I love bitcoin but we also know that there could be a breakthrough and another genius like satoshi could appear and could create something better than bitcoin, it is unlikely but the possibility is always there, however the devs of bitcoin cash alienated the community with their claims and they tried to rely more on marketing that in development to prove their point

[gamer4156]

Bitcoin and figure that one day it could supplant it, and something to that effect is never going to happen regardless of how much those individuals support this fork. Bitcoin cash acts equivalent to Bitcoin and moves the cost followed by Bitcoin. Since it is forked by Bitcoin they are the equivalent decentralized and utilizes or approved by blockchain.

[tarable]

I have long considered that price changes in the market are influenced by several factors. The main factor is the usefulness and interest of the actors in the token or coin. Bitcoincash has many competitors. Then he should have innovation in the future (programs that can be offered).

Those who do not have innovation will always be left behind because competition is always there every day in the cryptocurrency space so that innovation must always be seen by each developer in order to be able to compete with coins or products that are already stronger.

[doomloop]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

If you are still holding bitcoincash right now then you are not going to be making any type of profit at all, it is not something that you could make very easily and it is something that you should be basically just selling as soon as you realize what you are holding and if you are not going to be doing that then you are not going to be making any profit from it neither, you are just going to be losing money.

I understand that not everyone can do that, some people are addicted to some stuff and they can't get out of it because that is how they are dealing with things, I have seen people who hold things that was 1 satoshi and still kept holding it because it is that type of person but you should get out as soon as you can if you ask me.

[Yamifoud]

Do you think there is any hope for BitcoinCash?  Is it still one of the major alts that will pump?  Will it reach previous all time highs?

It might be included on the list of pumped coins but never do we expect that it gains a higher price than before. It was just like BCH having its way to give up with the competition and the real Bitcoin will succeed. If you were still holding them, I suggest looking for another coin that is much more profitable and promising.



https://www.coindesk.com/price/bitcoin-cash/

May the project looks good for now but I'm worried if you lose more in the future if you keep holding them, selling was a good idea.

[geegaw]

I have long considered that price changes in the market are influenced by several factors. The main factor is the usefulness and interest of the actors in the token or coin. Bitcoincash has many competitors. Then he should have innovation in the future (programs that can be offered).

Those who do not have innovation will always be left behind because competition is always there every day in the cryptocurrency space so that innovation must always be seen by each developer in order to be able to compete with coins or products that are already stronger.

For new coins on the market, no innovation would be tantamount to a sign of dropping out of competition and once becoming redundant with comparable projects in the market, heir residences are just lowly places like scrap yards but this is not really true for BitcoinCash or large projects, their development level is almost complete in both technical and reputation. Their update steps are relatively more difficult than usual but based on the platform available, they will almost certainly outperform year after year as they represent complete and exceptionally powerful technologies