As we approach another milestone for Bitcoin, the grandfather of all Crypto currency, the future seems more murky rather than clear. With many coins already riding on the coattail of BTC (Bitcoin Dark etc) another intends to capitalize on it's rise. Bitcoin cash BCC along with many other coins are making a grab for Bitcoin market and we are allowing it to do it quite easily.
This is setting precedence for future hard forks but in reality it is not so much as hard form as a new coin using Bitcoin user database to generate a base community and virtual market cap.
Bitcoin will still remain Bitcoin but BCC is new altogether and when it starts flooding the market at virtual price that don't exist, where will funds come from to give it a real market cap?
Will the market cap take share from Bitcoin or will it take it from other alt coin? Will more people convert their fiat?
This will have the opposite effect on the market, instead of investing people will begin to cash out because more splits like these create virtual currency with no intrinsic value.
Nice.i am a new on steemit. I am from Bangladesh. I try to my best to earn on it.so you help is very important for me.i already following you.so i hope kindly you follow and upvote me . @shahaalam
You are famous now. I noticed Omar does a lot of great interviews. I wonder what special guest is next? Oprah? Nah! She doesn't own Bitcoin.. or does she?
As we approach another milestone for Bitcoin, the grandfather of all Crypto currency, the future seems more murky rather than clear. With many coins already riding on the coattail of BTC (Bitcoin Dark etc) another intends to capitalize on it's rise. Bitcoin cash BCC along with many other coins are making a grab for Bitcoin market and we are allowing it to do it quite easily.
This is setting precedence for future hard forks but in reality it is not so much as hard form as a new coin using Bitcoin user database to generate a base community and virtual market cap.
Bitcoin will still remain Bitcoin but BCC is new altogether and when it starts flooding the market at virtual price that don't exist, where will funds come from to give it a real market cap?
Will the market cap take share from Bitcoin or will it take it from other alt coin? Will more people convert their fiat?
This will have the opposite effect on the market, instead of investing people will begin to cash out because more splits like these create virtual currency with no intrinsic value.
Great video, i shared it on my favorite kik group #bitcoin
very educational thanks for all the info.My upvote and resteem omar.
Omars guest appearance starts 47 minutes into the video for anyone who cares.
:)
Thanks
Great interview, keep up the good work!
Very good video
LOL :)
Nice.i am a new on steemit. I am from Bangladesh. I try to my best to earn on it.so you help is very important for me.i already following you.so i hope kindly you follow and upvote me . @shahaalam
You are famous now. I noticed Omar does a lot of great interviews. I wonder what special guest is next? Oprah? Nah! She doesn't own Bitcoin.. or does she?
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
Very good and nice video. @naz722
It's Amazing @crypto thanks for sharing with us!!
nice video
As always, Great work!
Thanks @crypt0!