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RE: Bitcoin Will Fork Again Soon. Protect Your Investments!!
What do you think? Will people go scurrying to Ethereum? I have even heard people predict that Ethereum will overtake Bitcoin.
What do you think? Will people go scurrying to Ethereum? I have even heard people predict that Ethereum will overtake Bitcoin.
Bitcoin has the first mover's advantage BUT Ethereum came in and said "Hey I can do everything Bitcoin can do AND more for less, oh and it'll be faster too." Pretty much a game changer once they implement the next phase in Ethereum's roadmap...
Could do mate. I can see the possibility of that happening but I think it's a big risk as Ethereum actually crashed harder than Bitcoin last time.
For me though, the best currency to back will be Bitcoin Cash because it's price does the exact inverse of Bitcoin; when one goes up the other goes down. As I believe Bitcoin will crash, I think BCH will go up quite a bit :)
How does that work? That Bitcoin cash goes up if Bitcoin goes down?
Bitcoin Cash is viewed as the alternative to Bitcoin within the Bitcoin community. Therefore, if people become concerned about the future of Bitcoin, investors will often switch their investments into Bitcoin Cash instead.
It is because of this that their prices are inversely related :)
Thanks for explaining. I'm a newbie and this crypto world is bewildering. It reminds me of the first ever time I touched a computer, back in 1994.... my noodle is getting blown again. I wish I had a nerdy, eloquent friend who would help me through all this, especially as I am trying to buy some cryptocurrency, and it seems like a minefield.
Haha mate I know it's not easy! I am leaving uni soon and will be researching and posting full-time so hopefully you can learn a thing or two from my posts too :)