Bitcoin Cash Blasting to All-Time High
There was an unexpected early activation of Bitcoin Cash on Coinbase today (was scheduled for January 1st), not just for withdrawl, but buying as well. It crashed Coinbase temporarily!
Price reached about $3,800 today, is currently at $3417.
I would spend some time reading the arguments presented on /r/btc subreddit - that the reason BHC is succeeding is because it is following the original bitcoin whitepaper by Satoshi Nakamoto, which calls for scaling with larger blocks. Bitcoin Core developers have been keeping the blocks suppressed at 1 MB to create demand for their 2nd-layer "solution," resulting in the congestion we see now.
Just do a search for "bitcoin Bilderberg" (I like how spell-check auto-capitalized Bilderberg haha!) to go down the rabbit hole.
I don't get attached to any particular coin and am diversified amongst many, but between BHC and BTC, I'm 60% in BCH and 40% in BTC right now... slowly converting towards 100% BCH. My hunch is that BTC will make another run up to an all-time-high, maybe the Core devs will even do an emergency block size increase. In the long term though, I agree with John McAfee that "Bitcoin Cash will win."
I'm conflicted on which one will win this battle. It seems this space is 50% technology and 50% community. Bitcoin Cash has the technology but Bitcoin has the community in my opinion. If Bitcoin starts failing I'm sure they will do what's necessary to stay #1. I'm currently gambling on altcoins and icos but hoarding Bitcoin.
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