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RE: POV: BTC vs BCH, wild market

in #bitcoin7 years ago

This is a great tropic. a lot of whales in the crypto community have been dogging bitcoin cash since its inception. I have heard very persuasive arguments that cash is the real bitcoin because it still follows the three core directives that Satoshi Nakomoto set. something about bitcoin got rid of the signature to make more room in the blocks. That is all a little over my head though. I think bitcoin gold really made people uneasy about future forks. I personally don't think a hard fork is bad but, having forks every six months is not good for anything. had bitcoin gold never happened, i think segwit 2x would not have been called off. i think we will still see a segwit2x fork but the market needs time to readjust and settle down. It may only be a matter of time before we see a BCC fork too. I personally don't really have a dog in the fight, i will adapt to whatever the market consensus pushes forward. In my opinion , Bitcoin will never be used for an everyday currency. It is not capable. i doubt it will ever be dethroned as the default transition between fiat and crypto though. I will always hold some bitcoin as a long term investment and all that the low rate of it right now means is it is a great time to buy. I think everyone knew that the price of bitcoin was gonna drop substantially after segwit 2x and altcoins were gonna rise. people were holding bitcoin to raise the rate so they got as much B2X at fork. that didn't happen so people bought altcoins at great prices. it think BTG and the cancelation of B2X created a little BTC fud so people looked to the next best thing, BCC. I think that BTC and BCC will both continue to grow. I read a comment about litecoin not Bcash taking over for bitcoin. Litecoin is much better suited for merchant payments and everyday purchases with high speed transaction and confirmation times. Vertcoin and Grostlecoin are also perfect for instant purchases. The fact of the matter is that the crypto of mass adoption probably hasn't even been made yet.

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Really well thought out post, I enjoyed how you articulated your thoughts and it personally resonated with me. I will give you future sbd when i grow and some.

I made alright gains selling bch before it plummeted!