Bitcoin Cash

I don't want to spread discontent, and I still believe that in the long run BCH's may overtake BTC's market cap.

But let's face some (in my opinion) facts:

-falling so much and so hard, without following BTC's ups and downs is a negative sign. Most cryptos that exchange for fiat mostly (such as eth and etc) tend to be more stable in price, even if BTC's go up they fall a bit. We've fallen more than 30 % in the last 24 hours both in btc and fiat conversion.

-it's hard to argue with people calling BCH a pump and dump when it has been pumped and dumped to levels never seen in crypto. BCH trade volume was what, 4 billions usd saturday alone..?

-Some people put giant buy walls on BCH. Yet I don't see them buying..Seems more of a psychological than financial support..

-While Bitcoin Cash solves some of BTC's problems..It's still dependent on expensive asic equipment to be part of the network..A network that rely basically on one single ASIC provider. and the few chinese farms that have a low enough electricity.

I don't want to spread FUD, but what are the next moves...?

I can already feel the downvotes while I'm writing this and the usual copy pasterino of "then sell, cheaper BCH for me lololol", "it's gonna take BTC in the long run", ecc. But BTC's close to ATH again..Sure, I agree with whoever calls it a get-rich-quick scheme, it has absolutely no potential, but is BCH really the better alternative? Don't we have better coins in the top 30, more technologically developed just less popular..?

I really don't like what's happening. I converted most of my BTCs to BCH. But the people promoting BCH are obviously not. I won't cry if BCH crashes, I already made lots of money with cryptos with low investment, and I'm diversified enough to be able to take even a huge hit in what I have spent in it.

But it seems more and more obvious that the fact that Bitcoin Cash, even if solving some of Bitcoin's problems, does not provide what Bitcoin really is: the most solid financial investment in cryptos.

Nobody cares if fees and transactions are too high..That's not Bitcoin's use from a long time, and we all know it.

I'd still like to hear some opinions and a constructive discussion.

I think many of you would consider Ethereum Classic a terrible investment, considering (1) it was the result of a hack, and (2) the hacker still has their bags of ETC available, which they periodically dump on unsuspecting investors. Bitcoin Cash doesn't have such a problematic origin, but might also be considered an unwise purchase given the lack of usage and development compared to BTC and other good projects.

So, when I open the charts and see that specifically BCH and ETC have been pumping hard for the last couple of days, my only conclusion is that new retail investment money has arrived and these noobs are dropping cash on 'cheaper' projects with the name Bitcoin and Ethereum in it. I should know, I did this exact thing myself earlier this year!

Here's hoping this signals the start of a another massive pump too.

Edit: spelling

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Hi, my name is BitAlien, and I'd like to teach you a little bit about Bitcoin Cash.

You've probably heard of Bitcoin before. Bitcoin was the world's first Peer-to-Peer Electronic Cash System. With Bitcoin, you can send any amount of money to anyone in the world without anyone's permission. Governments cannot censor Bitcoin transactions. No company "owns" the Bitcoin network. Bitcoin is decentralized and permissionless.

Bitcoin transaction fees used to cost less than a cent. Compared to the legacy banking system where transactions can cost hundreds of dollars, this was a huge improvement. As you can see, Bitcoin is a revolutionary technology.

Unfortunately, Bitcoin's development was subverted by Blockstream, a company which employs many "Bitcoin Core" developers to create changes to the Bitcoin software which benefits them. These Core developers have openly admitted that high fees are a good thing, and want to turn Bitcoin into a settlement layer, moving the majority of transactions onto lightning networks. (The technology that Blockstream just happens to specialize in)

Bitcoin Cash is a fork of the Bitcoin blockchain that was created on August 1st 2017. Bitcoin Cash aims to solve Bitcoin's scaling problems, follow Satoshi's original vision, and allow users to once again create transactions with low fees.

Reliable, frictionless money like Bitcoin Cash will change the world's economy for the better.

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(In advance, I don't really consider myself a hardcore supporter of any coin, that includes BCH and BTC so maybe I see this a bit differently.)

I could imagine that "having" the name Bitcoin would mean a boost in things like popularity or fame, but at least at the moment this whole name-war is getting on my nerves more than anything.

In my opinion we should call it Bitcoin Cash and don't try to force the name "Bitcoin" onto it - at least for now. Maybe it is the original vision of Satoshi and maybe it is the better coin (I don't even want to talk about any of that) but if BCH really is the superior coin, then it should and will earn the name "Bitcoin" all by itself sooner or later.

I like the idea behind BCH, but in my opinion this whole "BCH is the REAL Bitcoin" talk is somewhat embarrassing and damaging the reputation of BCH. All this energy should rather be spend on improving accessibility, getting stores and companies to adopt BCH, helping the community, etc.. The switch to the name "Bitcoin" should then come by itself over time.

tl;dr: I think that BCH is fine as "Bitcoin Cash" for now. If it will ever take the name of "Bitcoin" it should come more naturally instead of this forced pushing.

I'm curious what other people think about this. Do you dislike the name "Bitcoin Cash"? How important is BCH getting/being called "Bitcoin" for you? Would you mind BCH being "Bitcoin Cash" forever?

Reference price: $1,035.19

Data will be sourced from CoinGecko

FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart

Winning results will be based on the price at 12 pm PDT on May 10th. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.

I thought it was pretty well established across the internet that Bitcoin Cash was a major scam. I'm not trying to fud or throw shade, I'm genuinely asking if people believe in the project. It is up 40% over 24 hours and frankly I'm very surprised. Tell me your opinions

Edit: Jesus, I get it guys. My word choice was shitty. I rephrase to avoid triggering all of you hyper-sensitive crypto-savants:

"Let us commence a discussion about the positives of BCH, so that I, a mere pleb, can learn from you, the wisest of all on this Earth, a different perspective than the one I previously attained (a perspective of which we shall not speak)"

Link

Isn't it an unregulated market? Wouldn't it just be considered fraud? This will be very interesting

Edit: Many seem unfamiliar with the situation and many comments are uninformed. Please do your own research before you come to conclusions and take internet comments from strangers with a grain of salt.