RUMORS are that BCH will replace BITCOIN as we know it in a very short period of time.
Even with the SEGWIT activation on the Bitcoin network and all the network structure changes that it will bring to it, once on Segwit Bitcoin will face ANOTHER HARD FORK in a short time after the much announced Segwit activation.
THE BITCOIN as we all know it will never be the same; "...In context, this means that BIP 148, a proposal that seeks to upgrade the network to SegWit using different code, is no longer likely (though it's still possible). As such, one avenue that would find Bitcoin splitting into two blockchains has been diminished, though it would be wrong to say it has been eliminated entirely – even in the short term.
Rather, SegWit now needs to follow a timeline designed to give miners and node operators ample time to upgrade their software, one that must also operate within the larger constraints of Bitcoin's design..."
Here's a best-case scenario of how this might unfold:
https://www.coindesk.com/whats-left-before-segwit-goes-live-bitcoins-path-more-capacity/
After all these assumptions about all the changes coming to the Bitcoin network and the birth of Bitcoin Cash (BCH), one has to consider the harsh possibilities that both coins can encounter in their path to their future.
Wheather we like it or not; the birth of BCH along with the inclusion of SegWit to the Bitcoin network, both are the result of a politicized process between two groups that never came to an agreement on how to fix the scalability of Bitcoin. Greed and power once again held hands to try to stop Satoshi's dream of having a full decentralized cryptocurrency that could give the power back to the people.
I am sad to announce the scary but very possible scenario that it's been built behind all the turmoil of Bitcoin and Bitcoin Cash.
I didn't come up with it, I found it on line and I felt the obligatory responsibility that all humans are born with to share it with you and I surely wish you share it with all your followers and your followers share it as well so everyone knows where has BITCOIN CASH been directed and who is going to make it happen.
!!!PLEASE PLEASE READ!!!:
https://pastebin.com/n0aGBMQr
After reading this document and analyzing every single scenario, I think and I believe that the only chance for Satoshi Nakamoto's dream to stay alive is BITCOIN CASH which will keep all the same qualities and characteristics of the original Bitcoin, only running on a bigger block.
Good luck friends. I hope I'm wrong in my statement but I'm going to prepare myself buying as much BCH as I can and hold some Bitcoin just in case.
PLEASE SHARE, UPVOTE AND FOLLOW!!!
Precisely, all as predicted!
https://pastebin.com/n0aGBMQr
Please share it!
Agreed with you...buy & hold ..its a future bitcoin...It will overtake the old BTC...up & rs
👍
My analysis nailed the recent Bitcoin bottom and has made some very profitable price calls. Bitcoin new all time highs dead ahead. Please check out my analysis:
https://steemit.com/@haejin
Thanks for your comment and your link. I'll check it out. 👍
I began investing in the internet around 1995 with AOL. Then Amazon and Cisco. Wanted google so bad but never was in a good place to get in. Then I took the gains and diversified into all sorts of great ideas and teams. 3G, a home grocery delivery service, an ISP's saying they had 'magic' ways to make 56k faster...come 2002 and 6 mos off the job market I was broke.
I see Bitcoin in the same way I saw AOL. It's a great intro but as faster, cheaper, more secure and versatile technologies emerge and merge it will find itself in the dust 5-10 years from now. Follow the talent.
Great view. Thanks for your comment 👍
The rumors were true, as we are seeing right now.
I wish i saw this post earlier.
It's not over. Here comes Bitcoin Gold, backed by China, Russia and the whole Bitcoin Core community. I predict BTG to be the first one to achieve Mass Adoption very soon.