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RE: Bitcoin Cash, big deal or not?

in #bitcoin7 years ago

@jrcornel My concern with bitcoin cash is that as soon as the HF occurs and people holding BTC get an equivalent amount of Bitcoin Cash on Aug 1st (on those wallet services supporting both coins), a lot of people will sell Bitcoin Cash, causing it to plunge. While that may be a good opportunity to pick up the coins as investment, I would hesitate because the new, smaller market cap coin would be very susceptible to 51% attacks and pump/dump operations. Your concern about the Bitcoin cash may not survive till the 2 MB block again becomes a problem is also very valid. Thanks for this article with a heads up of possible outcomes of the Aug 1 HF. Upvoted.

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Most people will just sell bitcoin cash. It is effectively an altcoin. Is it any more risky than about 800 other altcoins and tokens? Anyone's guess.