Post
Topic
Board Altcoin Discussion
Re: Bitcoin vs Bitcoin Cash
by
fedykog
on 02/08/2018, 14:39:15 UTC
So after the fork happened and Bitcoin Cash was created, as of today on CoinMarketCap it shows:

Bitcoin
capital $118,038,167,261
price $6,962.42
circulating 16,953,612
volume last 24 hrs $4,671,340,000   

Bitcoin Cash
capital $11,306,077,844
price $663.06
circulating 17,051,288
volume last 24 hrs $286,801,000   

On every count Bitcoin beats Bitcoin Cash so the question arises, what was the point of creating Bitcoin Cash? Apart from making very rich bitcoin holding people even more wealthier by creating Bitcoin Cash and adding to their portfolio it seems that there was no need for it. I hear about transactions fees and groups of devs so on being better at Bitcoin Cash but in all honestly what was the point?

Did all those advocating the demise of Bitcoin actually exchange all their BTC for BCH? I doubt it.

To me it seems Bitcoin was always going to come out on top of that battle so why did those whales pushing for the fork really do it and create Bitcoin Cash?
Bitcoin has a brand, there is fame, moreover, for many it has become synonymous with the technology of blockade, which is behind it. In addition, crypto-ATMs are already installed around the world, and their number is growing every day. All this helps bitcoin, if not grow, then keep afloat.