Bitcoin Cash

Why Bitcoin Cash Won’t Replace Bitcoin & How It’ll End





Bitcoin Cash is spiking and there is some discussion whether or not Bitcoin Cash can displace Bitcoin. In other words, could it take the name “Bitcoin”? The short answer is no. The longer answer is that it is exceptionally unlikely because it would require exchanges to all agree on what “Bitcoin” is and make the change simultaneously, else risk losing a ton of customers and transaction volume. In other words, the first exchange to call “Bitcoin Cash” as just “Bitcoin” would essentially be martyr’ing themselves.

Bitcoin Cash is seeing a majority of volume come from Korea, although now we are seeing other exchanges increase in volume as a result of FOMO investing. Roger Ver is on a Twitter storm and also talking about Bitcoin Cash such as in the meetup in LA recently. Given his wealth and influence, he can have a substantial impact.

Other factors are playing in as well: Right now the Bitcoin mempool size is spiking, which is causing transaction fees to spike. As such, Bitcoin Cash is becoming a more and more attractive alternative to Bitcoin. However, the spike in the mempool is due to spam transactions which aren’t “real.” As Bitcoin Cash increases in value, more miners switch over as it is more rewarding to mine (and uses same hashing algorithm, SHA256).

Lastly, the Emergency Difficulty Adjustment algorithm will be updated on November 13th as the entire Bitcoin Cash network is upgraded.

Bitcoin’s primary driver of value, as we have established on this channel previously, is now a “store of value” rather than as a “medium of exchange.” Given this, there is no way that Bitcoin Cash will attract the level of capital required for a “flippening” as all Wall Street and casual investors care about is Bitcoin. And for Bitcoin Cash to become “Bitcoin,” it would have to eclipse it in market cap for the exchanges to all make that change. In the end, the exchanges have the power.

What are your thoughts?

================
If you like my content, you can support me through using ANY of the affiliate links below (I receive small compensation). The beauty of affiliate links is that I can pick and choose what I like rather than have companies approach me – everything I linked below (with the exception of Trezor since I like Ledger), I use myself frequently.
================

My Recommended Hardware Wallets:

If you want to store your cryptocurrencies safely, the best way is through a hardware wallet. Seriously – look it up and you’ll find plenty of information supporting this claim. There are alternatives such as paper wallets, but these are convenient and my choice for cold storage (offline):

Ledger Nano S:
Trezor:
Ledger Blue (expensive):

I personally prefer the Ledger Nano S, but the Trezor is such a close second that it really doesn’t matter which one you go with. Ledger Blue is premium and convenient, but not necessary.
================

My Favorite Book for Investing in Crypto:

Cryptoassets:

This book is, bar none, my favorite book for investing in cryptocurrencies. It doesn’t bog you down with technical jargon, but instead focuses on all the elements you should understand before you invest.

It’s a comprehensive book for both beginners and experts. Beginners will find information about major cryptocurrencies (not just Bitcoin) as well as details on historical market events (that you can draw on for future) and events to watch for moving into the future. Experts will find the chapters on valuation particularly useful. For those of you involved in traditional investing, this book is even more of a godsend as finance info is explored (correlations with other asset classes, ETFs, etc).
================

My Recommended Exchanges: Coinbase / GDAX / Bittrex

If you sign up to Coinbase using link above, you and I will both receive $10 each after you buy your first $100 of Bitcoin using Coinbase. Coinbase is much less intimidating for beginners. Once ready, move up to GDAX for cheaper or zero fees. For altcoins, I recommend Bittrex.
================

Legal Stuff: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites.

None of what I provide in my videos is investment advice. Please do your own due diligence.
================

My Platforms:

Twitter:
SteemIt:
Medium:
Seeking Alpha:

source

38 comments

  1. Hello everyone – This is now posted on Steemit. You can view it here: https://steemit.com/bitcoin/@cryptovestor/why-bitcoin-cash-won-t-replace-bitcoin-and-how-it-ll-end

    Going to start making sure all my content goes there as well – I know I haven't been keeping it up to date. Thanks for your patience!

    Reply
  2. I came from 2025, bitcoin cash wins.

    Reply
  3. Exchanges collude in regular markets, what makes us think that crypto exchanges don't do the same?

    Reply
  4. The nodes dont matter. You've been misled by bankers who want to destroy Bitcoin. You were warned. BCH will replace BTC.

    Reply
  5. 1:27 doubt?

    Reply
  6. 02:50 – You don't seem to understand how renaming works.
    If you change the name of something, you don't change it's price automatically. If an exchange names BCH as Bitcoin, it would still be traded on the BCH price.
    Some people will get confused and the price will go up for a bit, but ultimately the BCH price will keep being the BCH price.

    Even so, I also don't believe that the 2 can switch just like that.
    If a day comes when the 2 are about to swap, the exchanges won't do it at a single moment. My guess is that instead of renaming BCH to Bitcoin, they will rename BTC to Bitcoin Core.
    This way, users will have some time to adjust that there are 2 Bitcoins. Only after that can the renaming of Bitcoin Cash be easily renamed to Bitcoin.

    I want to wait and see what will happen.

    Reply
  7. Bcash Bcash Bcash Bcash Bcash Bcash Bcash

    Reply
  8. I think this video needs a sequel.

    Reply
  9. Bcash Bcash Bcash Bcash Bcash Bcash Bcash… is garbage, it’s centralized, it has inflation built into it !!! Oh and Rodger Vere is a snakes oil salesman !!!

    Reply
  10. btrash

    Reply
  11. well, you should watch your own video again and see your stellar call!

    Nice one, @cryptoinvestor

    Reply
  12. If the exchanges try to manipulate the market then they lose because the rating agency that regulates the exchanges is the free market

    Reply
  13. Bitcoin Cash is not bitcoin. Bitcoin Gold, Bitcoin Diamond Bitcoin Private none of these are bitcoin. They were not invented by Satoshi Nakamoto. If you want to use a faster cheaper coin there are many available. Lighting Network will make BTC much faster and cheaper. BTC is currently cheap to. I sent $620.00 with BTC a few ago it cost me 78 cents.

    Reply
  14. I already eard someone saying something like: exchanges can do it ( the change BTC >< BCH) using a mutual blockchain prepared to syncronize the change at the same time.
    Well everything can happen. But techonology never overtake the human interests. And I dont see any interest in exchanges to do that… Anyone desagree?

    Reply
  15. what is bitcoin cash? all i know is bitcoin and bcash XD

    Reply
  16. Roger ver is a fucking shemale look at how he talks he is a living cancer you see from day to day in regular life.

    Reply
  17. Got myself some bch but I'd be interested to hear thoughts on Digibyte… https://medium.com/@josiah_digibyte/digibyte-vs-bitcoin-transaction-fees-12129d85f771

    Reply
  18. So what you’re saying is that Bitcoin Cash is not a threat because there is no chance that the exchanges can synchronise the rename of bitcoin cash to bitcoin. I agree that they will never synchronise, but that seems like a non issue. Exchanges are driven by profit and the market and will include bitcoin cash because people are using it as a peer to peer digital payment system, more than likely because they don’t want to pay exorbitant fees for purchasing goods and services. Adoption is driven by low fees, lower costs for merchants and generally being used used as a medium of exchange between entities. This is what will drive adoption, not exchanges, not Wall Street – they react, they do not necessarily drive the market.

    So you seem to be saying bitcoin cash is worse because it doesn’t have the branding, and mom and pop don’t know about it. Therefore it’s a bad investment. How is it that bitcoin became popular exactly – because it had a real world use case and utility or because somebody “knew about it”.

    Reply
  19. The only use case for BCrash is for Bitmain miners.. check out the correlation between Bitmain mining gear batch releases and the price of BCH.. BItmain Cash .. they should just go ahead and change the name

    Reply
  20. I hear a lot of statements, then something that feels like the start of argumentation (but never reaches the point), which then fizzles away into the next statement. Very interesting rhetorical technique, but this is painful to listen to for my logical brain.

    Reply
  21. This guy doesnt know code why listen to him

    Reply
  22. lol

    Reply
  23. And a few month later, BCH added to Coinbase…

    Reply
  24. I found the interesting project under the name TokenGo. Here developers support the most relevant and daring ideas on advance of business on a blockchain. The platform is interesting to investors from a point of sight of purchase of tokens on an outgrowth, they think will give many X)

    Reply
  25. Your argument upon your initial assumption is logical. However, I think your initial assumption(s) are wrong. E.g. pairing on exchanges is already happening which provides more than enough wiggle room for a steady adoption of BCH as the exchange medium.

    Reply
  26. real basic question. possibly for another video. the question is: can they co-exist? or do you believe bcash is on borrowed time? and if so why?

    Reply
  27. Bitconnect is the real winner.

    Reply
  28. No shit bitcoin cash isn't going to replace btc. Doesn't mean it's a bad investment

    Reply
  29. Like who are you and what is your experience

    Reply
  30. How the fuck do you have 100k+ subscribers really? Watched a couple of vids from you and it seems like you have no fucking idea what you are talking aboit

    Reply
  31. The fuck you talking about really?

    Reply
  32. Bitcoin cash? You mean Shitcoin ass.

    Reply
  33. BCash is scam, shitcoin without any value after it, more than that it pumped by CNBC channel and with one purpose – dump Bitcoin. CNBC is core of all FUD.

    Reply
  34. Learn how to trade Binary Options on Nadex
    You could be earning $500-$1,000 a day trading Through the use of Golden Signals and these 2 Strategies The Gold Hourly ATM Strategy and the Hourly ATM Strategy!!!
    Visit http://www.MyGoldenSignals.com to buy these strategies today!!! For more info contact Richard_D_Neal@yahoo.com!!!!
    #RichardNealTheLifeCoach #Nadex #Binaryoptions #Trading #Strategy
    #Signals #MyGoldenSignals #Inspiration #motivation #live #life #limitless

    Reply
  35. One of the major reasons that BCH is going to thrive and increase in price and market cap is because it is now being used on DNM's due to the vastly faster transaction speed and cheaper transaction fee, the DNM's provided bitcoin with the cash flow to kickstart its run to the top of the crypto charts years ago when there were only a few different coins around and it dominated because of that reason, BCH, if it does start to increase in trade volume thanks to the addition of it to the DNM's would see a massive increase in price and that would cause traders to become bullish. When talking about crypto currencies like bitcoin, monero, litecoin, bitcoin cash it is still very important to remember that these tokens are actually being used as money to buy various things around the world because even though there is no real world application for them yet, the Dark Net Markets have been using them for years and have greatly influenced price.

    Reply
  36. Another interesting article on the matter, focusing on the developers behind BTC and BCH.

    https://hackernoon.com/the-big-bitcoin-battle-what-i-found-out-about-bitcoin-vs-bcash-d9ebca8d370e

    Reply
  37. Hello everybody! I found a new pump group on telegram. I've been talking with its owner and it seems like its going to be safety and equal for every member. I think its going to progress really fast, and it will start pumping while reaching 400 members, so stay tuned! Lets all make some money!
    https://t.me/AltcoinSafetyPump

    Reply
  38. gr8 call m8

    Reply

Have your say