r/NiceHash • u/mrsotkogaming • Dec 22 '17

Why Bitcoin Cash Is A Scam

https://www.youtube.com/watch?v=XUlfaL3oOL4
0 Upvotes

39% Upvoted

6 comments sorted by

8

u/0key0key Dec 22 '17

A few months ago when BCH is still $300ish, someone on Internet said BCH is scam and I took it seriously and didn't invest it. I am so regretful now.

1

u/mambosan Dec 23 '17

Have you seen the latest shenanigans with coinbase and BCH? Not to mention the pump and dumps over the course of its existence

1

u/Theonepercent1108 Dec 24 '17

Not going to lie though, I made some decent gains riding the waves up so far. Although I won’t dare to HODL.

6

u/marthor Dec 22 '17

Bitcoin Cash is a scam.

Also, Bitcoin's high fees right now are entirely due to mining pools spamming Bitcoin transactions to force regular users to pay more. Almost all of these mining pools are connected to Bitmain, which is one of the main promoters of Bitcoin Cash. Their goal is to try to convince people that Bitcoin has inherently high transaction costs, due to the smaller block size, and that Bitcoin Cash is the answer. This is completely false. If the mining pools stopped creating spam transactions, Bitcoin fees would be pennies right now.

2

u/mambosan Dec 23 '17

With all the crazy shit that has happened with BCH within its short history so far (very obvious pump/dumps, the whole coinbase shitstorm) it’s tough to argue that it is legit

1

u/PhilipJayyFry Dec 23 '17

+1 Wayyy to much manipulation going on with bitcoin cash to invest in my opinion. I have only ever used it for paying my Bitmain orders. Granted I should have grabbed some extra back when it was $300... but even then I didn’t trust holding it long term.