Post
Topic
Board Speculation (Altcoins)
Re: Bitcoin CASH vs Ethereum
by
Naughtid
on 04/10/2017, 18:05:35 UTC
So, What we have today?

Ethereum           $30,994,496,838   $328.00
Bitcoin Cash   $11,207,211,371   $676.48

I think that bitcoin CASH has chance go to #2 in market soon.

Agree with me?


I know it's a kind of old post, but I don't agree and wouldn't even if it was the day you posted this or any other date.

Bitcoin cash has chance only to go down. It's marketcap is totally overinflated. Overinflation happened because it was possible to buy it as futures in July even before it existed. In it was that futures market that totally overhyped and pumped up the coin and on 1 August as the coin started to exist it's price was way higher than the actual money that was invested in the coin. And that gave it 3rd marketcap right from the day one. Then many people tought it must be some serious coin if it debuted with that high marketcap, so it must go even higher in the future and they pumped the hell out of it.

And that's it. Overhyped and overpumped coin with absolutely no use or value. And it's also very risky to hold. It's hashrate is even way more centralized than that of bitcoin. Over 90% of Bitcoin cash mined is transfered to just two different addresses. So they could even make a 51% attack if they wanted.

Comparing this to a platform that many projects find useful is just nonsense.

The cost of mining the Bitcoin Cash is about 30% of mining Bitcoin. So the price of Bitcoin Cash will drop again.