BCH vs. BTC or The Raise of Bitcoin Cash
- Thread starter Pekelo
- Start date
Very nice: time to sell the rest of my Bcash.
And even nicer if Bitcoin temporally dumps before Dec-31. Many countries have TAX events at year-end (my country has), so a low Bitcoin price is what we are searching for.
It's a contentious hard-fork from the original Bitcoin. This happened at August-1.
Very complex to understand by new people. But in essence a group of Bitcoin people (with Roger Ver as chief) decided to go their own way and copied the original blockchain and modified the software to a new Alt-coin called Bcash. Roger Ver is extremely rich, and uses his money to pump his creation (and calls it the real bitcoin, which is obviously not the case). And not only that he uses his money to spam the original Bitcoin-network, so it's getting full with nonsense transactions, which causes other Bitcoin people to pay too high fees (Roger uses this to promote his own not used Bcash coin, as low fees alternative).
It's all very fishy....
What should we do? Buy Bitcoin gold?
Yeh great!
Indeed, and that's all free money if you already own Bitcoin (so an incentive to buy some). This forking only stops if people use their brains and stop pricing those nonsense alts.