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RE: BTC Analysis Update - Nov 23, 2017

in #bitcoin7 years ago (edited)

Just my perspective, however legit the BCH crowd is, probably shouldn't matter. Like I get crypto traders do not necessarily care or understand this, but how many base pairs work with BCH? Then it's tech is not amazingly better than other alt-coins.

BCH would only have a future if all the exchanges in majority decided, "This is the true bitcoin. It is now the base-pair for exchanges." Then Bitcoin becomes an altcoin in terms of base-pairs on exchanges.

If that doesn't happen then BCH is a junky altcoin with no features. Has a high circulation of coin but to me that's a small thing.

The market doesn't care about fundies though, and is pricing it on news generation and maybe hash power. But like 3 years from now, why are people going to buy and use BCH? There's no valid use case. It's a traders situation with nothing substantial backing it. I wish BCH would take over but exchanges are never going to permit that.

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