Bitcoin V bitcoin cash

Blacktie.

EagererBeaver wrote:

Been involved in crypto for a couple of weeks and making mad pronouncements about coins left, right and centre.

Fierce entertaining though.

Kickstart1.3

Dragging up this debate again as with the Paypal adoption of crypto.
For someone looking to get into crypto the Bitcoin price of $12,000+ is very off putting.
If Bitcoin, Litecoin, Bitcoin Cash and Ethereum are to be used then surly buying Bitcoin Cash is cheaper at the moment as the price has been more or less flat over the last few months while Bitcoin has seen a 50% rise in the last few months.
On Paypal I'm pretty sure all 4 Cryptos will behave the same.
I can see Paypal users buying the cheaper coins as it is perceived as getting more bang for the buck.
I think there is a major upside to the other 3 Cryptos.

Just my 10 sats what do others think?

q85dw7osi4lebg

Kickstart1.3 wrote: »

Dragging up this debate again as with the Paypal adoption of crypto.
For someone looking to get into crypto the Bitcoin price of $12,000+ is very off putting.
If Bitcoin, Litecoin, Bitcoin Cash and Ethereum are to be used then surly buying Bitcoin Cash is cheaper at the moment as the price has been more or less flat over the last few months while Bitcoin has seen a 50% rise in the last few months.
On Paypal I'm pretty sure all 4 Cryptos will behave the same.
I can see Paypal users buying the cheaper coins as it is perceived as getting more bang for the buck.
I think there is a major upside to the other 3 Cryptos.

Just my 10 sats what do others think?

You don't have to buy a full Bitcoin. You can buy $10 or $12,000 of either Bitcoin or Bitcoin Trash. Am I understanding you correctly?

q85dw7osi4lebg

Kickstart1.3 wrote: »

Dragging up this debate again as with the Paypal adoption of crypto.
For someone looking to get into crypto the Bitcoin price of $12,000+ is very off putting.
If Bitcoin, Litecoin, Bitcoin Cash and Ethereum are to be used then surly buying Bitcoin Cash is cheaper at the moment as the price has been more or less flat over the last few months while Bitcoin has seen a 50% rise in the last few months.
On Paypal I'm pretty sure all 4 Cryptos will behave the same.
I can see Paypal users buying the cheaper coins as it is perceived as getting more bang for the buck.
I think there is a major upside to the other 3 Cryptos.

Just my 10 sats what do others think?

Personally I wouldn't buy this chart

ChuckieEgg

idk, maybe if you are new to the crypto world it might seem a better choice, might give you warm fuzzy feeling to have 5 Bitcoin cash for €1k rather than 0.009 Bitcoin iykwim.
As for Paypal, if they allow you to swap between Euros and Crypto on the fly then I suspect the transaction charge for Litecoin or Bitcoin Cash would be cheaper.
I would hold off now as the market looks like it is pumping on the news.

Donegal1234

Bch has another fork happening on 15th of November aswell.

unkel

Miriam Late Telegraph wrote: »

either Bitcoin or Bitcoin Trash. Am I understanding you correctly?

Not sure. But we understand you loud & clear

Kickstart1.3

No I'm not new to crypto, what I was really getting at was the perceived value for the new users, i.e the Paypal users who never had Crypto before.
I said Bitcoin Cash but it could be Litecoin too.

The hard fork on November 15th is going to drive speculation into the coin again. I'm guessing it could double from the current price on the run up to the fork like the last time.

makeorbrake

Kickstart1.3 wrote: »

No I'm not new to crypto, what I was really getting at was the perceived value for the new users, i.e the Paypal users who never had Crypto before.

It is a thing (the perception that somehow there's better value to be had in a coin with a lower unit price) but it's also completely irrational.

Kickstart1.3 wrote: »

The hard fork on November 15th is going to drive speculation into the coin again. I'm guessing it could double from the current price on the run up to the fork like the last time.

If there's any sense, people should now get to the point where they realise that a hard fork is death.

What have Litecoin, BCH and BSV done in the past while? They seem to be going nowhere as far as I can see.

Kickstart1.3

idk about that. Hardforks are a method of development. Without the next Bitcoin cash hardfork BitcoinABC would effectively be gaming it to there own advantage. Now people get to vote with there wallet, and it looks like the bitcoinABC fork isn't getting much support. Roughly 25%

Either way i don't care too much as it will pump the market just like Paypals Bucket shop of Crypto is doing now

Irish_rat

Buying BCH over BTC is like buying Nokia over AAPL.

rapul

Any word on coinbase facilitating the forked coins on bch? Or a wallet? Have a few sitting there and would like to get them come November.

Did search and couldn't find anything