Bitcoin Cash: Legitimate BTC Rival or Hot Potato?

in #bitcoin • 7 years ago

So, now that Bitcoin Cash has finally forked, the crypto world can breathe a sigh of relief. The sky has not fallen down.

Many people in the crypto space have been saying that they will immediately dump the new Bitcoin rival. I said the same, myself.

Yet, we are seeing the price of Bitcoin Cash increase around 75% (in USD value).

This could be because lots of people are still waiting for exchanges to support Bitcoin Cash deposits, and so they are currently unable to dump the coin. Those who want to buy it are therefore faced with limited supply, pushing the price up.

Alternatively, people actually value the new coin as a valid rival to Bitcoin, which could set a concerning precedent.

Where do you stand?

One thing's for sure, we will have the answer in the next few days.

#cryptocurrency #cash #blockchain
7 years ago in #bitcoin by
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     7 years ago 

    There will be more bungholes after me!

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       7 years ago 

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