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Do Not Buy Bitcoin Cash (BCH or BCC)

Discussion in 'CryptoCurrency' started by JV1999, Aug 4, 2017.

  1. JV1999

    JV1999 Power Member

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    If you're thinking about investing into the new bitcoin fork coin, Bitcoin Cash. DO NOT DO IT.

    I did some research into it, briefly. And it's titanic.

    Here's why:

    Hash rate dropped because miners stopped mining it after the pump at 800, they all left with grins.

    It's legit so new that they only bought their website barely a week before the actual fkn coin was created (last week of july).

    The price is high now because NO ONE can sell their BCH. Why? Because most exchanges don't accept deposits or withdrawals because they're too scared the coin is scammy. You either had your BTC at one of these exchanges or you're on an island. For example, I had my btc at kraken, so I was able to successfully sell my BCH. If you join kraken, you can only buy BCH but not sell it or move it out -- so basically why are you buying it? Why would anyone buy it?

    The price will surely plummet because exchanges are now swearing to add BCH in the near future (like next 2 weeks). That means people with so much jiz built up will drop their BCH loads all over the place and investors will swoop up the coins -- but again, why would they buy it? It has a decreasing amount of miners.

    The BCH technology is so new they're still working out the kinks :/. Literally this group of people who forced a BTC fork but bought their website at midnight and didn't even perfect their tech. They're trolling hard.

    Bad press -- I'm not the only one saying BCH sucks. It's the whole crypto world screaming it. You're going to invest in something that everyone thinks is bad?

    Finally, BTC will overtake BCH after segwit happens and also in November. No one can USE BCH because THERE ARE NO MINERS. Also, BCH group is relying on fiverr-bought videos to explain their shit. . . come onnnnnnnnn

    tl;dr: If you had btc and got bch, sell it as soon as you can. Don't buy any more. I'm pretty sure the whole BCH group is just using BCH as a way to get free money, then they're dropping the project altogether and ruining cryptocurrency's reputation as a whole. Cuz they're cool like that.
     
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  2. seoguy0

    seoguy0 Junior Member

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    Doesn't decrease in miners mean the mining difficulty will just drop? Not sure if it's a problem. But I don't believe in bitcoin cash too, not really seeing any better practical value than normal bitcoin
     
  3. JV1999

    JV1999 Power Member

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    Um maybe? But I heard that btc difficulty = bch difficulty right now. So that's one reason they're leaving.

    And if it takes 9 hours to mine one block of bch, that negates their whole purpose for existence. They said they were faster than btc. . . but they're not. End of story.

    Price is not going back up, it's probably going to hit 100 or something.
     
  4. sarah.howells

    sarah.howells BANNED BANNED

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    BCC is bad price ...just do like previously with btc
     
  5. davids355

    davids355 Jr. VIP Jr. VIP

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    Just like every other crypto bitcoin cash is just bitcoin wannabe. I agree with you.
     
  6. LegitSources

    LegitSources Newbie

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    I have around $60 in bitcoin, and I was thinking about changing over, but glad I didn't as I saw Bitcoin Cash go down!
     
  7. seoguy0

    seoguy0 Junior Member

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    I would wait a couple of months before dumping bitcoin cash though. Maybe like 2-3, so the price can stabilize, because now, it should just dump all the way, most owners didn't even start dumping yet, cuz the exchange doesn't support it yet