I'm a very noob when it comes to cryptocurrency and things related to it, and started my journey as a crypto trader running the risk of buying some bitcoins to trade. Things got more interested when the Bitcoin price drastically spiked last couple of months, and, of course, I made some considerable amount of money out of it at the time, it felt me like I started on trading in the nick of time. At the time, there were some news spreading about the positivity of Bitcoin Cash, and also it was its high peak. Then I immediately converted all of my Bitcoin that I had at the time to Bitcoin Cash, and waited it to go more upward.
But, unfortunately, things haven't been well as I expected in the recent months, it's only crashening. But with the recent spike happening with Bitcoin, there're a little hope that Bitcoin Cash finally go up. I want to know about what are your opinions about Bitcoin Cash, and, hopefully can we expect it to be a life saver or is it just a dying coin with no future?
I think it will stay. It will not replace Bitcoin but well it is complicated there is a number of vested interests in play. I do expect both to do well going forward. Still Cash is only a fork some will say and Bitcoin is the original. I lack the technical background but some say, if a fork is doing too well the original will just apply the changes successful for the fork.
Bitcoin Cash has the ability to do smart contracts in the future and act as a platform which means it would also be possibly to have ICOs using that blockchain. In that way it could become a rival not only to Bitcoin but also Ethereum. But that's a long shot and there are so many 3rd gen platforms with significant improved scaling that it seems rather unlikely at this stage.