You are viewing a single comment's thread from:

RE: BITCOIN (BTC) Morning Update: Short Term Target $23,743 or HIGHER!!

in #bitcoin7 years ago (edited)

Sure, much better but the BTC legend is founded in it being THE SYMBOL of crypto and "only 21 million, good as gold."
It's psychological.
Now when BTC suffers, ETH and LTC and a lot of the others will also suffer, that's a problem... this is hurting the market on the whole by making it less predictable and attractive for newbies.
I'm staying away from both bitcoins, only consider using them as edge against each other (but in effect, I rather keep my money in fiat instead). I think this is opening up the market for national cryptos as the legend DOES NOT continue, and both bitcoins will lose out to the way better alts.
there will however be whales sticking with bitcoin BTC simply because it's the one and only traditional coin, and exactly that will keep it the "store of wealth" - transactions and fees being entirely irrelevant there. BCH, being the bitcoin prole, can never achieve that status.