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RE: My thoughts on Bitcoin Cash, Segwit 2x and Legacy.

in #bitcoin7 years ago

I do agree that Bitcoin cash is suffering from both the inflation from the EDA as well as the uncertainty from the upcoming hard fork. In order to decrease the effect of the EDA on inflation the price would have to rise through market mechanisms which would be primarily driven by user adoption which is not happening as quickly as some would have hoped mainly because of lack of supporting infrastructure such as exchanges, wallets and merchants.

I am not yet sure how the segwit2x drama will play out. We might see a rise in the price of bitcoin leading up to the fork due to the expectation from users that holding BTC will have the benefit of gaining them BTC2X when the fork happens.

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