If You Own Bitcoin, You Just Made About 40% (and counting) On Your Money in 24hrs!!!
The price of Bitcoin Cash continues to go up. Despite the price of Bitcoin staying about the same. This is evidence of the strength of bitcoin. There were many different predictions about how this hardfork would go but most were predicting that the price of Bitcoin would likely decrease relative to the volume of bitcoin lost in the hard fork. This has turned out not to be true so far. Looks like a win for everyone. I think this show of strength by Bitcoin will massively increase consumer confidence in Bitcoin and be the Catalyst for a huge rally!
You are right its win win position
this is how it went a few hours ago.... https://steemit.com/cryptocurrency/@kapetanic/bitcoin-cash-bcc-live
And look at it now!!! 0,41 BTC
Jesus
Yeah I'm super excited for what it's doing...l honestly didn't expect that
What is your expectation on Bch for the next couple of months @jrobi?
Its the better tech. It has much higher roof for scale and low fees. However it's not accepted as payment anywhere like bitcoin is. Without a real world use this is all speculation right now.
Exactly. I'm worried about the fact that it's not not accepted anywhere exept a couple exchanges and unless bitcoin cash increases to at or near the volume of bitcoin it'll be a hard sell as to why companies should accept bitcoin cash as opposed to bitcoin
I don't really have any expectations. I never would have thought it would have gone this high this soon. I don't know what is driving it. I plan on just letting it sit and see how far it goes