NEW TO CRYPTO? Do yourself a solid favour and DO NOT buy Bitcoin Cash. It's a coin forked from Bitcoin and is heavily manipulated

How about we don't buy either of these inferior coins and take part in this stupid war. There are way better currency coins out there.

What a crock of shite, get back to r/bitcoin mate. They'll give you your upvotes.

It's a coin forked from Bitcoin

and is heavily manipulated

neither of these claims is being debated. Neither of them make BCH a better or worse investment. This is an unregulated market, everything is manipulated. So, your point is?

People should invest in the best performance coins (from technical viewpoint), and also the best solve-a-real-world-problem coins. End of the story. BTC has had its day - it's slow and expensive, and nothing but a store of value coin now, which is no different to buying a tulip as a store of value.

Okay here's the deal.

Bitcoin's network is clogged and near useless. A bitcoin transaction currently on average costs more than $30.

As of right now Bitcoin's mempool (where transactions wait before they are confirmed in a block) is over 250MB. Consider that blocks are limited to only 1MB every 10 mins or so. So as of right now that 250MB mempool is many hundreds of thousands of legitimate transactions trying to get confirmed, and many/most of them never will (they will just be dropped).

Even if everybody stopped using Bitcoin right now, at 1MB every 10 mins it would take more than a month to clear this backlog.

This is not a surprise. Developers have been talking about this since ~2012.
Some developers such as Gavin Andresen (Satoshi's appointed successor) argued that we should increase the block size limit, so blocks can be larger than 1MB. However many other developers felt that scaling of this sort was not a good priority, because they felt Bitcoin is more important as a 'store of value' than as something you can easily transact with.

There was, of course, some disagreement about that strategy.

That's where Bitcoin Cash comes in. In August, BCH forked and immediately raised the block size limit to 8MB every 10mins. They plan to adjust this as necessary to make sure that BCH can scale up with user demand.

The result is that Bitcoin transactions cost $30 and take hours/days or don't confirm at all, while Bitcoin Cash transaction fees are under $0.30 while Bitcoin Cash's mempool is about 1MB (meaning transactions are getting confirmed quickly).

The Core developers have a scaling plan- it's a second layer solution called Lightning that has most transactions going on a second network built on top of Bitcoin. Lightning has had a couple successful proof of concept tests but is months or years away from being production-ready.

Bitcoin Cash on the other hand IS scaling TODAY.

Now from the investing POV- I don't know if there's insider trading happening and quite frankly I don't care, because odd anomalies in price movement have been a part of Bitcoin since the beginning. What I care about is which currency will be long term useful, because that's the one that will hold the most long term value. People in countries where the local currency is worth less than toilet paper don't want to pay $30/transaction when they are making $30/day. They don't need e-gold, they need e-cash. Bitcoin Cash does that. Bitcoin currently does not.

Now for the record- I really hope Lightning works. If it does it will be revolutionary. But I know that it won't be ready for prime time anytime soon. And we need a solution to scaling today. Not tomorrow, not next month, not next year, today. Bitcoin doesn't have that.

Just my 2c. Feel free to ask questions.

I haven't lost money investing in Bitcoin Cash. In fact, half my Bitcoin stack is from buying and selling Bitcoin Cash.

It's a perfectly serviceable coin that can serve you well in the future.

[deleted]

sounds more like you lost money and are grumpy

Get outta here. Stop acting like a baby and take my downvote.