Bitcoin cash is rising and this is the reason why!
Bitcoin cash's price has risen by almost $750 today. On the other hand, Bitcoin's price has fallen by around $1500. But what is causing this stellar rise of Bitcoin cash?
Well, according to this article, the rise may be attributed to Emil Oldenburg, who is the founder of the popular media site bitcoin.com, casting his doubt over the long term usability of Bitcoin. In an interview with Swedish tech site Breakit, he said that investment in Bitcoin is very risky, and that he sold all of his Bitcoins for Bitcoin cash.
Emil Oldenburg is not the only one supporting Bitcoin cash over Bitcoin. Influential cryptocurrency gurus like John McAfee and Roger Ver also think that Bitcoin cash is superior to Bitcoin, with John McAfee saying in one of his tweets, "If you want to stop Bitcoin Cash, you cannot do it by denying the reality around you. Accept that they will win round one. No contest. Start from there and make war", and Roger Ver saying, "The jump to #BitcoinCash is an order of magnitude easier than the jump to the lightning network would have been".
The good thing for Bitcoin hodlers though is that if you haven't bought any Bitcoin after the hard fork of Bitcoin cash, you would have exactly the same amount of Bitcoin cash as Bitcoin, and an increase in any of those two would be good for you.
UPDATE
Coinbase has now also added Bitcoin cash, thus further raising its price!
Very nice article. Thanks for sharing.
Thanks for your appreciation :)
Thanks for the info. Was not aware Coinbase added it now. For some ridiculous fees no doubt!
You should apply for Gdax.com. They are the same company. Gdax have no fees trading if you use limit orders.
In terms of development, most of the code for Bitcoin Cash is the exact same as Bitcoin’s. This makes developing software or altering existing software to support Bitcoin Cash quite simple.
Whether we decide to use Bitcoin Cash or not is entirely up to us. @hmushtaq
Exactly @hamzayousaf
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Lightning is coming. lol
Lightning?
Yeah, it was rumored Bitcoin will adopt Lightning Network to increase transaction speed.
And when will that happen? Not in the near future I guess.
I wish I knew. BCH's rising could just give them the push. It is good for the whole ecosystem in long term when they compete with each other. Otherwise BTC will never improve.
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