https://fs.bitcoinmagazine.com/img/images/BCH101sm_anRfVPh.width-800.jpg Will bitcoin cash overtake traditional bitcoin? Ethereum Classic the original, was outshone by Ethereum the upstart in last years split could the same happen with Bitcoin and Bitcoin cash? Bitcoin cash will at first draw its worth from bitcoin's market cap, Charles Morris, the primary financial investment officer of NextBlock Global, a financial investment company with digital properties, feels it will more than likely cause bitcoin's worth to fall and Bitcoin cash to rise. On Coinmarketcap.com, today bitcoin cash cryptocurrency is trading at about $490 a coin, and its market cap now stands above $8 billion. As such, it is the third-largest cryptocurrency by market cap, exceeding prominent coins such as Ripple ($6.7 billion) and Litecoin ($2.2 billion). https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xMjg5MmM2MTBlNTkyOWM0NTRmZTVjY2M2MmYwNjE1MC5qcGc=.jpg The split was preceded by a multiyear war amongst bitcoin power brokers over the guidelines that assist the digital currency's network. Fans of the freshly formed bitcoin cash think the new bitcoin cash currency will "breath brand-new life into" the almost 10-year-old bitcoin by resolving a few of the concerns dealing with bitcoin of late, such as sluggish speeds. Bitcoin cash has actually protected its value as a leading cryptocurrency within a day of going on to the market by doubling its value in 24 hours. Traditional Bitcoin in contrast is down 3.7% at $2,690 could this trend continue? These are exciting times indeed in the crypto market things rarely keep still and the latest Bitcoin debacle certainly makes this market so exciting and at the fore front of changes in what we class as "money". Time will tell which version will prevail or will both versions slump. To date Bitcoin as always survived and prospered, but is this split a bridge too far!!
author | kevinace |
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permlink | bitcoin-cash-to-overtake-bitcoin |
category | bitcoin |
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kevinace | 0 | 1,017,127,560 | 100% | ||
ergeko | 0 | 22,732,614,800 | 100% | ||
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I don't think it will replace, but compliment, yes, maybe even stay above Litecoin and Ripple
author | larksongbird |
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permlink | re-kevinace-bitcoin-cash-to-overtake-bitcoin-20170802t202604139z |
category | bitcoin |
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Agree but the issue over handling transactions may be the key.Bitcoin cash has increased the block size so should be faster but will the miners support it!!
author | kevinace |
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permlink | re-larksongbird-re-kevinace-bitcoin-cash-to-overtake-bitcoin-20170802t222257208z |
category | bitcoin |
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such a crazy ride !
author | larksongbird |
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permlink | re-kevinace-re-larksongbird-re-kevinace-bitcoin-cash-to-overtake-bitcoin-20170803t014312725z |
category | bitcoin |
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