So do you not recommend investing it BCH at all? I am thinking about investing a small amount in crypto, but I can't decide what. Yesterday someone told me that BCH is better than BTC, but it only has less recognition. If I understand your article correctly, that's not true at all?
From my point of view no and I do not own any BCH. The way bcash was created I absolutely disagree with. But from their point of view they are doing the right thing. Yet I can not see the need for just making the blocks bigger.
BTC to me is the real deal. And I think that Bitcoin needs SegWit, Sidechains and so on. Had some nice respectfull exchange of thoughts, concerning this post. And so far I have not been convinced that BCH is better. Match, logic and science keeps me from doing so. There is a thought that Bitcoin is able to replace fiat money, or the Banking Monetary Governance system as a whole.
Anything that can break through that monopoly, offering humanity one or more alternatives, I do support. But when I do the calculations for Bitcoin it is improbable to get there with bigger blocks. Surely not with only 8 MB, nor even 64 MB. And I do see SegWit and Sidechains as something that actually will make much more possible. Releaving the mainchain, where the huge value is secured in ten minutes one MB blocks. While the sidechains can do even DPOS like Bitshares and Steem kind of transactions in high speed.
Do have to state though that I am far from being considered to be a Bitcoin purist. As I do like Alts too and I think that they could atom swap with each other, creating decentralized exchanges on the fly. Also if Nakamoto Satoshi (group or person, who knows) had created Bitcoin as a static kind of crypto blockchain then it would have been better of closed source or with a strictly limiting license. That was not done, nor, as far as I remember, was there something like: "Thou shallethd not innovate the Bitcoin codeth."
There can be more than one Crypto, even besides Bitcoin. Alts that innovate, things that completely change the way blocks are made, like Bitshares and Steem.
And indeed I disagree with the claim that bcash BCH is better than Bitcoin {BCT}. Yes I still am convinced it is not at all, so far. But like I wrote before, I keep an open mind.
It can only start to try and make the banking system obsolote with bigger blocks solution starting with blocksizes of 640 MB. Huge amounts of data. Too much for the state of technology.
But I advice you to have a look into it for yourself. Because I can be, like I wrote before, having cognitive dissonance. And then I would not even know it.
There are however more Cryptos out there that you can invest in. Recently I bought Vertcoin for instance when it was about 1.30 or so. It went really well, but then it got down to 3 something again. Try a small amount first and only what you can effort to lose.
It is all speculation in the end.
Good luck and have a great weekend.
Thanks for the long answer my friend. I will definitely do some more research myself before I make the decision! :) I'm a fan of the altcoins too but as BTC is the biggest player out there, it makes sense to just go for that when thinking long term.
It is my pleasure. :-) BTC is what I expect the one for the long term. My main long term choices I narrowed down recently to Vertcoin, Litecoin and Bitcoin. And Digecoin for short term use.
Have a good weekend!
Any thoughts on Gulden? To me it seems very promising in the Netherlands at least.
Have had Gulden {NLG} in the past. It is being actively developed and the team is really doing their best to get stores to use it.
If I'm right Changelly supports it and the Coinomi wallet too. For me that one was difficult to predict, forsee, where it would go. Even with their innovations, like Pow2, Gulden does not get the boost I think it should.
Today it went up almost 10% after a dip. But I still find it tough to see where it should go.
https://coinmarketcap.com/currencies/gulden/