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RE: An Ugly Day in the Life of Crypto
I asked this question in another post, but do you see any correlation between the price of bitcoin and bitcoin cash? I have never seen volatility like i did in the last days watching bitcoin cash trade. Thanks great post
Personally, I don't see a clear correlation, but others see as much as a 1:1. It seems to me to have just as many flaws as BTC has though! 😅 But seriously, BTC has a reputation, widely distributed network, hashrate, acceptance, etc., etc., that will take BCC (or BCH, depending) a long, long time to duplicate, if ever. So, in summary, I think it really depends on whether you think Bitcoin Cash is viable long term or not, and even then, IMO, it will be a slow process at that.
Thanks for the reply, right now bitcoin vs bcash is trading at around 8% there must be an opportunity somewhere