Does Bitcoin Cash Still Have a Chance of Succeeding?
Seven96Eleven asks "Do you think Bitcoin Cash (BCH) has any chance to succeed? And where do you see it in the next Parabola?"
Here's my response!
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Yes, Bitcoin will be a store of value and survive.
However, I think that there will be a bright future for BitcoinCash. It inherited Bitcoin blockchain structure. But it increased its block size from 1MB to 8MB thereby facilitating a large volume of transactions in rapid time.
Many think it is a true fulfilment of Bitcoin’s promise of peer-to-peer electronic cash.
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Bitcoin Cash has a huge potential when Bitcoin will go up this will go up too :)
#BitcoinCash is a fork of the #Bitcoin project intended to keep Bitcoin usable, functional, and cheap.
There is no “scam”.
Question the honesty, intelligence, and agenda of anyone who claims otherwise.
The reasons I started investing in Bitcoin in 2011 are the exact same reasons I’m investing in Bitcoin Cash today.
#BitcoinCash continues to rapidly expand even during the bear market.
Just goes to show the average person doesn't care about price or HODLing; for them it's about peer-to-peer electronic cash!
$BCH
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So being concentrated in the hands of a few BCN can make for little flow yeah? That directly means it won't have popular adoption which I'm turn mean that it might not rise with other alt on a steady growth?
All coins have the prospect of succeeding especially when the opportunity presents itself. It all depends on how great the demand is over the supply. If the demand for Bitcoin was twice it is now. The value of bitcoin would double
I don't "invest" in bitcoin cash. I use it, primarily in crypto to crypto transfers where national fiat is involved. The fees are extremely low, so low that the miners fee is a fraction of a penny.
A news article just came on that is really spooky about how citizens in Sweden are getting a chip in their hand attached to their bank account. Sounds like book of Revelations is upon us. If this continues as is stated in the bible, this suggests that bitcoin turns out to be a failure.
People aren't adopting the technology at a significant rate at this point which is largely caused by the IRS turning crypto into a "stock" with capital gains tax consequences for moving it around.
I still expect a period in time where it looks really bad for the state when crypto mass adoption looks like it might take off. I suspect we'll begin to see this trend happening by next summer after a banking crisis that happens sometime between this fall and next spring.
After an initial disappointing period in the next few months in crypto, a parabolic rise in prices by late summer into fall of 2020 with a peak happening by Feb 2021. If scaling hasn't been solved, then we are headed down again into the familiar U shaped pattern caused by halvenings.
In those projects that have solved scaling, if they achieve adoption, and are not decentralized enough, we could end up back in book of Revelations consequences.
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
I think it will not go high as bitcoin.However it has chances to go up :)
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