Some thoughts on Bitcoin CashsteemCreated with Sketch.

in #bitcoin7 years ago

bch.PNG
Image source: https://www.bitcoincash.org/
I decided to collect and sell my BCH as quickly as I was could, getting about 400USD worth for each BTC in my wallet.
I made this decision based on the fact that the market follows F.U.D. I might buy some back when and if it reaches <200USD . The fact that BTC still has not really activated SegWit has me looking at the value of BCH and if the mathematical complexity for the BCH miners could go down, BCH could be what it promises to be: a more easily exchanged Bitcoin.
I sold because I believe most will, especially because a new coin having a yuge market share on day one shows that it isn't priced. High or Low is not the question here, there simply is no real price for a new coin or any new market asset really.
It might be worth hanging on to it if you still have it, nobody knows what trouble the core development team might have rolling out SegWit and if the miners who have signaled that they will implement it, really will implement it or not.

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Congratulations. Your thought out plan paid off.

If you think it out a little, then execute, it usually does. The ill-thought and thoughtlessly executed plans.....not so much. I've started to notice people will run and buy milk if it is less than a dollar a gallon, they stock up. When money goes on sale, they seem to sell it. Silver gets a run, there's fewer points. BTC takes a dive, it's also time to buy. BCH worth 400 bucks, I was really only guessing that was high. I was hedging on other peoples fears. Coinbase has agreed to give its clients their BCH.....that should make for another flood...maybe.

Here we are weeks later and BCH has pushed up on $1,000 USD. I speculated why in a post yesterday: I believe it is market manipulation.

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It offers nothing that bitcoin does not offer. Bitcoin will increase block size as necessary and will add SegWit. Bitcoin Cash has no unique value.

Several altcoins have outperformed BTC in different aspects. I am thinking that it might catch on but I collected and sold my BCH quickly as I could. It is still over-valued. Dash seemed like the real "currency" to me but the Dash team is not doing all it can and a full node has to hodl 1,000 Dash. Every coin has its problems. BCH takes hours to make a block and I am glad I bought 1/4 of one BTC with my 2 BCH. Decided to spend it on food, booze, gifts, and electronics. BCH might have some advantage over the original, but probably not to the tune of 3,000 USD. there's value, but it's to early to discern.

Agree and am aware of the masternode req for Dash - I have no idea where Dash plays in this new environment - same for Litecoin...There's definitely value in each incl. BCH and no one has a crystal ball. I think BCH could be used to make higher speed transactions if it adopts something like Lightning Network before Bitcoin. Effectively making a higher speed settlement layer for smaller transactions - hence the eponymous "cash" and goal. One advantage BCH has is more flexibility to adapt itself easier than Bitcoin due to the governance issues causing some inertia.

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