Why you should own Bitcoin Cash and what's the background

in #bitcoin7 years ago (edited)

Dear Steemians,

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Two days ago Bitcoin Cash passed Ethereum for the first time in market capitalization.
Background is the failure of SegWit2x. With SegWit2x BCH would have been quite useless.... But you all know SegWit2x was not going to happen.

Who is investing in Bitcoin Cash ?

Well, we know that certain whales like Roger Ver are supporting BCH.

https://twitter.com/windsok/status/929626408753627136

He moved all of his BTC ... 250K to Bitfinex. Well, if someone sells such an amount of BTC and buys BCH you will probably notice that.
Other analysts tell us that the Chinese are supporting BCH as well because they need low transaction costs.
So we have really mighty whales who want BCH to become the "real and only" Bitcoin.

The supporters of BTC

Well, of course there are also very mighty whales who are supporting BTC.
One very important supporter is Bank of Japan governor Kuroda

Bildschirmfoto 2017-11-14 um 21.32.39.png

He does not see any problem with cryptocurrencies at the moment.
http://www.forexlive.com/news/!/boj-kuroda-sees-no-significant-problem-with-cryptocurrencies-at-the-moment-20171113
While Kuroda is not optimistic for his fiat currency Yen at all.
Remarkable comments this week in Zurich by Kuroda!
And we know of course some hedgefund managers who are also openly supporting BTC.

Conclusion

There are mighty whales fighting on the one hand for BTC and on the other hand for BCH.
Who will win ?
Well, nobody knows the future. But one thing is for sure:
If you only own BTC and NOT BCH, then you take a high risk.
Because BCH could win at the end.
So where is the problem to own BTC and BCH ?
Your investment in cryptos will become a lot safer if you own both.
If one of them will die, probably the investments will flow into the other Bitcoin and the price will rise.

So, if you only own BTC right now you should really think about buying some BCH at this point...
You can sleep a lot better by doing that.

Sort:  

Thank you. Maybe you are right. Dont really like BCH roadmap with big blocks all transactions on chain. Sounds obsolete to me.

I think BCH will go hard up before corection.

Informative post. thanks for sharing .

bitcoin cash going new heights

Really informative, thanks for sharing.

Have a great day.

Outstanding post and narrative. Thank you for sharing!

mind blowing bro......i just upvored you for your amazing post. i am totally impressed for your beautiful hard work.......i think one day you will be the top of the steemit blogger......go ahead bro.....

Man it feels like we are in the two sides of seesaw riding with time !
Time will tell what is gonna happen .
I do feel safer with steem though ;)

You made the right post at right time. Keep BTC & BCH will not make anyone hurt. It can be a nice move in this high fluctuation market place.

~Followed & Upvoted


excellent article with useful tips for all crypto traders & hodlers @dragosroua

@resteemia

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