Hi @vlemon - I appreciate your insight. In the grand scheme of things I wouldn't say Bitcoin Cash is "struggling." While it's down more than 50% from its highs, it's #4 in Market Cap of every coin onthe planet and sits at a $5.2 Billion market cap. To me that's not really struggling considering it was literally created "out of thin air" 2 months ago! For people holding 1 Bitcoin at the end of July, their BTC moved up from under $2500 to currently $4800 plus they have Bitcoin Cash worth $315. That's more than doubling your value simply "holding" a Bitcoin for 2 months! Realistically, that kind of rise every 2 months shouldn't be considered easily replicable on a consistent basis. Personally, I'm going to be holding Bitcoin no matter what over the long haul. Many people seemed to get stressed when there are "forks" and "splits" but in reality these new coins that are generated for holders of Bitcoin are just becoming what I'm calling "cryptodividends" and are essentially a bonus to holders of Bitcoin. When the markets are more perfected on a global level, the value of the "dividend" would get deducted from the price of the Bitcoin the moment after it's issued to the holders of Bitcoin, but the markets are there yet, so essentially the owners of Bitcoin are just getting a bonus. It will be interesting to watch how this unfolds and what the value becomes for these next cryptodividends that will be issued in November. I'm now following you and and upvoted. Hope you will follow me for original content and news about Blockchain, Bitcoin, Cryptocurrency and ICOs. Cheers! @thoughtchain
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Thank you for the reply @thoughtchain.
Steemit crashed during my comment and I am too lazy to write it all again.
I don't really agree with you. Forks and Splits are bad for cryptos in my opinion as they show the speculation and can help people to call it a bubble.
Then, when you have 1 BTC trading at $3000 before the fork, there is no economic/financial reason that after the fork you get 1BTC at $4500 and a BCH at $500.
You call it dividend, I call it speculation and crazyness.
If it was a dividend, as in the Stock Market when you get a 1$ dividend, the share price decrease by the same amount. Split then? If a company splits, after the split the Market Cap of both entities is quite the same (for a few days at least).
I'll see you around ;)
I don't think this Easy Fork Profit will last because it is just fake as the BCH price is showing right now.