Are We Wrong about Bitcoin Cash BCH?
Hello Steemians,
I have been wondering and reading a lot about BCH (Bitcoin Cash), Most & Major wallets and miners are not accepting it. however it came to exchanges, When it got split the price was near to $300 USD which fall down to near $250 and was keep on falling down.
In last couple of days somehow Bitcoin Cash manages to cross $700 USD in value.
Now the questions are:
Is this just a temporary hike.
Is BCH, here to stay, just like ETH & ETC ?
If more and more people were selling it out, as they claimed?
In a post @penguinpablo pointed it out Bitcoin Cash is not Decentralized because 92% or more blocks are being mined by only 2 miners... If this is true, what's the point in investing?
Would like to know your thoughts on this one in comments below.
I think it's just a Pump because such a sudden explosion in Price that too in 3 days is highly unlikely. Furthermore there has been no information about developmental stages or Roadmap.
Check my post about it
https://steemit.com/bitcoin/@arunava/bitcoin-cash-s-recent-uprising-2017819t173521611z
You're rocking it!
This deserves recognition.
A lot of people sees two Bitcoins from a wrong prospective. There is no "main" or "legit" Bitcoin, because there is no central authority. BCH is as legit as BTC. They had disagreement, so there was a fork and now they fight for supremacy. Satoshi wrote about it long time ago. This is just a method of resolving dispute, not some "pump&dump" scheme. Vote with your money in pure form.
True what you say , but what's happening with BCH now is manipulation, not organic in any way .
Time will tell what will happen
My 1 cent thought - I guess it is just a hype created by those two miners so that people start investing into BCH, once they get enough investment they will pull out their money which will make BCH to crash.
Agree , also the comments Roger Ver to pump bch is clear this is a P&D ..
He is the reason we will get regulation...
Agree , also the comments Roger Ver to pump bch is clear this is a P&D ..
He is the reason we will get regulation...