We are in unchartered territory with new technology and new forms of money carving out their place in history. It is undoubtedly an exciting time to be alive. However, I don't believe that the rise in the price of Bitcoin Cash can be sustained. I think it is being driven by self-serving miners colluding with Asian exchanges and a disaffected group that did not get the SegWit2x fork that they wanted.
While it is true that Bitcoin is facing scaling issues, it has still proven to be an excellent store of value and has provided some of the best returns of any investment in history. Those looking for a cryptocurrency focused on lower transaction costs have several viable options without forking Bitcoin, stealing the name and trying to convince investors it will be the final version of Bitcoin.
I believe that the current scaling issues will be solved in the near term and are better addressed via Layer 2 solutions than by increasing the block size to 8MB. So, I am keeping the majority of my funds in Bitcoin (BTC) and buying the current dip below $6,000. I am not jumping on the Bitcoin Cash (BCH) bandwagon and while the coin is likely to survive, I don't believe that it deserves a valuation anywhere near that of Bitcoin, let alone Ethereum.
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