Bitcoin Cash is taking over Bitcoin

in #bitcoin7 years ago

Hello Steemians,

In the chart below, it's very obvious that the money is not getting out of cryptocurrency market cap, just moving from Bitcoin and Ethereum to Bitcoin Cash mainly also some other Cryptocurrencies such as Litecoin

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Which raise a question, are witnessing Bitcoin becoming Bitcoin Classic?

as what happen with ehtereum while the original ethereum blockchain became ethereum classic, and the new blockchain become ethereum, i just hope that Bitcoin cash is not repeating the same thing with Bitcoin.

if it's not too late for SegWit2X than that might not be the case, but if more value is going to be drained from bitcoin in favor of Bitcoin Cash before SegWit2X. than i think there is no comming back.

I only want to blame everyone who was against SegWit2X, now we all know obviously that the developers behind the Idea of SegWit2X were right.

I just want to make one thing clear, that i believe the only reason behind bitcoin exchange drop is because of the huge number of unconfirmed transactions & the high transaction fees, which is solved at the moment in Bitcoin Cash, but also i don't think its solved for long time, Bitcoin Cash is only short term solution.

However, i think Bitcoin will rise and shine again very soon.

Disclaimer: there is no investment advice in this article, please do not use information mentioned in this article for trading purposes unless you do your on research.