I think bitcoincash will be the new one to go way up and make money with this year, with the holiday season going on and the start of the new year I bet it will take a few months for bitcoin to bounce back.
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Possibly so—there are so many new people who don’t know anything about ‘why’ Bitcoin was created, and then seeing a coordinated sales push by Bitcoin .com based on ‘low fees’ rather than independence from the legacy money system. Soon enough, those aspects of any crypto that are truly important will win out, and on-blockchain scaling will prove itself to be impossible—as Bitcoin itself is proving. Only second layer scaling can really scale and offer privacy. If you still think Bcash can scale on-chain, you haven’t done any research at all. Listening to Ver is NOT research.
I think as long as people keep putting money in you can make really good money, most of the people putting money in are not doing research or a lot of it. I m not saying bitcoin cash will be a cash cow forever but for this next year there will most likely be a lot of money to be made. The whole blockchain thing may die out and get replaced with hashgraph eventually but that doesnt mean you cant take advantage of the system while its still around.
You see the CNBC takedown today? Bcash is “just two guys!”
Always amazed when I hear a snippet of truth on the tube.
A lot of what I posted above is about why crypto is even a thing in these times. If you agree with why Satoshi created Bitcoin, why would you put any money into Bcash or any other scamcoin? You are at that point no different from any other polluter—and can’t claim ignorance as an excuse.
I more view this like a similar thing with the internet bubble, there will be a lot of money to be made before things come crashing down. Most people dont do research so if you can stay ahead of the curve and cash out before the system fails you can do great, but at the same time nothing is guaranteed so you definitely dont want to put in anything you cant afford to loose. As long as people keep pumping money into these newer coins the ride will roll on for a bit.
Only those coins with real use cases and potential to truly scale will thrive. Which ones are those? That is the question, and since it isn’t clear, I have some portfolio diversification. But mostly BTC... smartest people, best shot at truly scaling. Antifragility & privacy are the other needed things any crypto —and it’s hard to say which others have them.