Post
Topic
Board Bitcoin Discussion
Re: BCH threat to BTC?
by
Fatunad
on 20/08/2017, 09:42:20 UTC
After 1st aug BCH value getting down as it was expected and 2 days ago it was about 0.07btc/bch. It was also expected that it would be more down after 14th Aug as poloniex credited bch to their customer that day and was expected that it will me dumped.  But now it is surprising last two days .It price rise up nearly 0.2btc/bch. Is it threat to BTC market??
Its not actually a threat and that kind of price increase is just really a normal thinking back in the past when bch do exist on the market its price rose up on 1k usd and suddenly crash back again on 200 usd which means there still hype and somehow a manipulation on its price which we cant really consider for this coin to be a thread on Bitcoin itself. Original would still remain as original.

bcash is a threat because it uses the same miners as bitcoin with lower difficulty due to faster adjustments. its a threat because currently it is 125% more profitable to mine on bcash than btc. if miners jump ship for more profit btc blocks will slow and people will jump ship also.

bcash is VERY much a threat.

if bcash dont drop in value soon there will be dark days ahead for btc and crypto.
Well its your own view and i do respect that, you do have some points but its hard to believe that miners will jump directly on bcash.Maybe they will do such thing but for the sake on making money not for its development or support.Bitcoin will stand strong no matter what and i dont think also that community will replace Bitcoin for Bitcoin Cash but well who knows what would actually happen on next years to come.