As long as the Bitmain cartel can keep the price propped up on bcash, they created a perfect way to manipulate the system to get what they want while making record profits. We all have to give them credit, its brilliant!
Bitmain has got some smart people working for them and they got some balls. As much as I detest them, give credit where its due.
Here's the problem: Doesn't this threaten to significantly deteriorate Bitcoin's network value? If both coins remain viable long term, that means that BCH is cannibalizing BTC's network. That means the combined value of both networks should be considerably less than if we had remained one, cohesive network. Now, new investors need to choose one network over the other (or split their investments between each). That means less growth for both networks.
maybe, but most of the volume is coming from asia with 60% from south korea alone. seems like its one big scam by bitmain.