![]() It'll be a month before we see higher quality price discovery in BCH. Meanwhile those with BCH off exchanges are stuck out of the market, unless they sell OTC to high trust buyers. Since you can deposit other cryptos and buy BCH, then you see high demand and short supply. The only tokens trading on exchanges right now are those split from exchange BTC holdings and delivered to customer accounts. Kraken and Bittrex, top volume exchanges are not accepting deposits not withdrawals of BCH, for network stability and security reasons. Bitcoin Cash prices are very distorted right now. On August the 2nd I posted on my Facebook. Meanwhile, Bitcoin core has retained what many believe are top engineers in the industry. The talent and planning required to not make major mistakes while trying to modify a ship worth billions of dollars is of heroic caliber. It’s the cutting edge of economics, IT, distributed systems, cryptography and finance, among others. This is a very difficult space to create on. The reason being that I’ve seen altcoins struggle for years to implement theoretically sound visions. As far as these two coins go, I’m about 70% Bitcoin, 30% Bitcoin Cash. If you are late to the pump and are holding onto your BCH, then you have a difficult choice.ĭo you believe in the Bitcoin Cash vision? Of emergent consensus, with dynamic block size growth determined by miners?ĭo you believe that there are sufficient incentives for non corporate users to host blockchains that could grow at 8mb or more every 10 minutes?ĭo you believe that the Bitcoin Cash development community have the development competency to pull it off? ![]() ![]() Well, if you were lucky enough to have some Bitcoin in one of the exchanges that within the days before the fork decided to enable BTC/BCH trading, like Bittrex, then you’ve probably already sold. So what do you do with your Bitcoin Cash? Both strategies still have much to prove. Segwit and lightning networks also have an eye on the retail and currency space but will have significant infrastructure to build for their solutions to be simple and usable. DASH being one of the strongest players in the digital cash market, for what little ground they’ve covered. It’s that they are not just competing with Bitcoin, but with thousands of altcoins behind them. It’s not that I can code remotely as well as any of them. This long term could also be very bullish for Bitcoin Cash, but they’ll have to prove their technical competency at a level that they as far as I can tell have yet to prove. Core and Blockstream are free-er then they have been in years to pursue and implement all they wish for Bitcoin.īitcoin Cash on the other hand no longer have to fight the highly conservative Bitcoin Core community on every potential upgrade and can explore more advanced consensus games on their own realm. With both development communities officially on their own chains. Or so it seems.Īs I mentioned before on various mediums, It is that internal conflict about the future of Bitcoin that was holding back its growth.Ĭlosely analogous to the price behaviour of Ethereum during the DAO crisis, the price of Bitcoin stagnated and bounced in uncertainty for weeks, only to see a massive rise after both competing factions gave up on collaboration and decided to go their own ways. Bitcoin Cash, the competing scaling roadmap that was hard fought over for the past 4 or so years has finally decided to fork, and go their own way. The events of August 1st have been a great breath of fresh air for a lot of Bitcoiners. ![]() Only now, that a major breakthrough has happened in Bitcoin’s scaling and consensus. I’ve said this before in various channels, 5000 USD by 2018 seems to me a comfortable target. You’ve probably heard of estimates for the price of Bitcoin at 5000 USD by the end of the year. This trend will likely to become the norm for the coming months. A new all time high was reached last night and passed again a few hours later. Less than 4 days after the Bitcoin Cash fork-Īs I write this, the price of Bitcoin Core is 3289 USD.
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