Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
I did not think about BCH as an alternative to BTC. I just thought it could bring wealth, but it seems that many people think BCH is the real BTC. I do not understand why? Is it because of its technical value better than BTC?
BCH technology is indeed better than BTC, and later SBTC technology is more powerful, is simply BCH+ intelligent contract + lightning network. But BTC is famous and has a long history. The position of the leading role is not so easy to replace.
Old BTC has still very strong price momentum / upside trend and fresh money still buys BTC (crypto) at first place. It is the hartest task of trading to predict the point when this tops and rolls over into a side phase or a down trend even.
Once this comes it will be most interesting what will happen - will investors try to really use BTC (high fees and no extra capacity might prove this very shitty) ? Will they exit crypto ? Or will they move into BCH that should have lots of merchants in place for real usage?
Time will tell....
Hmm - not so sure, esp if you account for the poor masses on earth having no access to 'stable' fiat like EUR, CHF, (USD)
But right now I'd say most actual investors will - since BTC investors still buy with these ccys. But why do we see so much JPY and KRW trades already ?
CNY was forbidden
INR ?
BRL ?
EGP ?
SAR ....
This list seems to be endless!
True.
But what do you expect what happens once they can offer goods and services for BCH ?
When globalization happens for the ppl who needs it most / not big companies ?