Will Bitcoin Cash replace Bitcoin?
Look at this insane jump after Segwit2x cancellation!
Disclaimer: I'm not a fan of gold-standard cryptocurrencies in the ultra-long term due to ethical & efficiency reasons. However I understand that there's significant investment value while blockchain technologies are improving.
After the cancellation of Segwit2x, Bitcoin price first increased slightly and now it's tanking. In the meantime, Bitcoin Cash is literally exploding. People are putting more and more money in BCH. My guess is; that's because it's a known fact there are divided communities when it comes to Bitcoin. If Bitcoin was in the middle of the discussion, Bitcoin Cash was on the one side and Segwit2x was on the complete opposite side. The fall of Segwit2x might be seen as a support for BCH, and therefore trust in its long term future might have increased.
What do you think? Essentially these two blockchains have a similar history but will Bitcoin Cash replace Bitcoin as the main crypto?
Make sure you follow me if you'd like more news and tricks regarding Steem and Cryptocurrencies.