Will they work in tandem? What on Earth will happen???
The free market will decide!
Right now, Bitcoin Cash is raging, listed over $600 on CoinMarketCap and over $900 on Bittrex!
For all the hullabaloo leading up to the hard fork, now that there are two separate coins trading, buyers and sellers will actually be the ones to determine the value of each. Bitcoin is holding fairly steady at $2700 and the alt-coins are a sea of green.
So, it appears a bunch of fiat money is entering the system, perhaps folks who were waiting to see the hard fork happen and then get their toes wet.
The overall crypto market cap is up about $10 Billion from this time yesterday.
It's exciting to see what is going to happen.
It's totally bonkers @fatboyjames! I was going to buy some Bitcoin Cash last night at $400 but then decided to see what the market would do. Whoops! But, so very very happy I held my Bitcoin private keys. From what I hear, the Asian markets might have been waiting for Bitcoin Cash and so you're seeing a lot of activity overnight and into today. Who knows? It's wild for sure.
It sure seems so
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The main reason why the market cap is up that high is because they created a new coin out of thin air through the fork that is now worth just under $12B MC. There is only a small amount of money being re-invested here.
interesting, thanks for your insight.
looks like it didn't become :)
i am very happy it didn't.
i wanted only 1 bitcoin. looks like that's what gonna be
Many people when got bitcoin cash, they just went and Cashed it out :D
yes, looks like it @ronaldmcatee! I think that the emotional connection to the original Bitcoin is very very strong, for better or worse. I'm happy to see the value increase, but I worry that it is tending towards more centralized influences.
Thankfully, there are hundreds of other projects out there. One I particularly like is ZenCash - they are building a "secure node" system that anyone holding 42 ZEN can be a part of. Check it out and thanks for commenting.
sure. will check it out .
Thanks for referring
also, I just resteemed this article @ronaldmcatee, check it out. There's still a lot to shake out and this is some incredible information:
https://steemit.com/bitcoin/@belerophon/the-black-swan-that-could-turn-bitcoin-upside-down