BCH - Bitcoin Cash

[Malloy]

Website: https://www.bitcoincash.org/
CoinMarketCap: https://coinmarketcap.com/currencies/bitcoin-cash/
Status: Released
Asset: No

Buffett rules 

1-One that we can understand or Is this crypto cryptic or explainable to the avg Joe?
Fork from Bitcoin that is supposed to be better than the original

2-With favorable long-term prospects or Just a pumped well orchestrated scheme?
Very hard to know, but, the new features should be attractive: Block Size Limit Increase, Replay and Wipeout Protection, New SigHash Type

3-Operated by honest and competent people or Can we know their names and see their face (at least)?
No idea! Some group at ViaBTC have been very active since day one.

4-Available at a very attractive price or Is it too late already?
BTC is over 4000 USD right now and BCH around 300 USD. From what we've seen so far with the forked coins is they usually linger around 10% value for a while. If that rule stands, BCH would be undervalued for now and could see some adjustment before it breaks or crash.

Disclaimer:
In, Thinking

Edited August 17, 2017 by Malloy

[Malloy]

Nice jump today, but don't know why?

[Mercury]

The interesting thing about these forks is that they are double 'pre-mined'. Since they share the same history of the original there is no extra work, no extra mining or investment to get where they are currently. I say they are double mined because they also instantaneously gain all the users the original has.

If someone were to release a classic BTC from scratch I doubt it would ever fly. But because people already have it, there already is a market for it, and it is 'established' they use it.

I wonder how users would feel if they realized they are using a pre-mined (at least half-mined) coin? To be fair I think most users don't care- its all free cash for now. As the capital outflow continues eventually these forked coins will be faced with liquidity issues. Their only value is everyone has them- they have not demonstrated a use case beyond or above the originals yet.

[Malloy]

http://www.trustnodes.com/2017/08/17/first-ever-8mb-block-mined-bitcoin-cash-spikes-price

This might explain the jump in price.

Quote

 

Bitcoin Cash is the first ever public blockchain based digital currency to mine an 8MB block which processed nearly 40,000 transactions.

The block was mined by BitClub a few hours ago after the blockchain was seemingly spammed with many transactions, presumably to test the biggest block ever mined by any public blockchain.

It’s all gone smoothly as far as the network is concerned with no problems reported as big blockers finely prove bitcoin can operate just as well with higher capacity.

 

 

[Malloy]

As of now "It is currently 18% more profitable to mine on the Bitcoin Cash blockchain."

https://cash.coin.dance/blocks

Social media relaying the info...price will probably keep going.

[Malloy]

Sold half of what I had. Taking a buy position at least 20% lower than current price - ajustable. Keeping the rest to see if the run continues.

 

[rippleric]

On 8/19/2017 at 7:28 AM, Malloy said:

Sold half of what I had. Taking a buy position at least 20% lower than current price - ajustable. Keeping the rest to see if the run continues.

 

i should have bought more on that correction, playing catch up now