Bitcoin Cash is gaining momentum...
As mentioned previously in this article, Bitcoin Cash is propelling forward in its campaign to usurp Bitcoin from the crypto-throne.
In recent days, announcements have been made such as one of the co-founders of Bitcoin, Oldenburg, claiming he no longer owns any Bitcoin, eschewing the established name in cryptocurrency for what he feels is the true embodiment of Satoshi's vision, Bitcoin Cash. Prior to this, Roger Ver made announcements of a Bitcoin Cash Visa and his concerns over the failures of Bitcoin. Additionally, an agreement with Bitpay to utilise Bitcoin Cash instead of Bitcoin because of its higher transaction speed and much cheaper fees was announced.
Bitcoin Cash has been steadily increasing in value since these announcements. Expect to see continued growth in Bitcoin Cash as it attempts to chip away at Bitcoin.
My advice? If you hold both Bitcoin and Bitcoin Cash, keep holding both. There is no way to predict which direction this may end up going. Bitcoin has many developments in the works that may alleviate some of the issues it is facing, so Bitcoin Cash will likely hurry to gain momentum before any of these developments are implemented.
The reality is, at the moment, Bitcoin Cash is a faster and cheaper to transact coin. It is also appealing to new buyers because of its cheaper price per coin with the same circulation as Bitcoin. Expect to see Bitcoin Cash get pumped for the next couple weeks. In January, Coinbase will be releasing a large sum of Bitcoin Cash to all pre-fork Bitcoin holders. This will release a large influx of Bitcoin Cash on to the market, at which point, the price may drop significantly.
*Update: Bitcoin Cash has been integrated on the Coinbase platform early! Things could get crazy here!
*This is not professional trading advice - just my opinion!
image source:
www.altcointoday.com
I think Bitcoin is gonna dump real soon. Right now it is really too mainstream and the whales are already in game. I strongly feel when it hits the 20k, it will dump. Bitcoin Cash seems much less of a pump and dump to me though. I would invest in Bitcoin Cash right now. Bitcoin has right now extremely high traffic anyways
it seems like both are bitcoin and btc cash are going to be very resistant to the market.