Post
Topic
Board Bitcoin Discussion
Re: Miners and BCH, BTC.. what happens now?
by
salterious
on 11/11/2017, 17:26:11 UTC
It's almost more funny than sad how such whales can play the market and give so many people FOMO on bitcoin cash. Cause that's the only reason for the current gains, all FOMO.

1. Bitcoin Cash is never going to overtake Bitcoin. If it would have a feature that Bitcoin is missing and really needs, then Bitcoin will just do another fork.
2. Bitcoin has become too much of a household name among the general public. It's the only name the great majority has ever heard of. When they decide to hop on the cryptocurrency train they search for "Buy Bitcoin", not "Buy Bitcoin Cash", "Buy Bitcoin Gold", "Buy Bitcoin x123" or "Buy Waves". If Bitcoin Cash would make regular Bitcoin crash then that will confuse the shit out of the general public and crash whatever trust is building up now, not only ruining Bitcoin's future but the future if Bitcoin Cash and other Blockchain-cryptocurrencies along the way.

Those arguements all make logical sense but I am worried that we may be living in a backwards world and one day bitcoin wont be #1. I mean I still think bitcoin is king and will remain there but I didnt think it through fully.

Knowing that the trust would be destroyed is quite huge actually because this is something that would not be easy to get back and it only makes sense for everybody in cryptos that cryptos do well, thanks for the light!