Bitcoin cash is the real Bitcoin and actually in 2017 Bitcoin Cash ticker symbol BCH forked off of Bitcoin core ticker symbol BTC. So, they actually come from the same system but Bitcoin cash has done a much better in job sticking to the actual white paper a white paper is a business plan and kind of law for a cryptocurrency.
Bitcoin Cash, stayed "truer " to that and has built better fundamentals for the future real success and intrinsic value. So, the biggest problem I find with Bitcoin, is that it’s really just riding on brand value it’s actually horrible payment system.
And that’s because it only uses a one-megabyte block size, so that at you can have Bitcoin core take 10-20 minutes to complete a transaction. And cost you over $50 you’ll never buy a cup of coffee like that. It never be used as electronic cash; in that way so what Bitcoin Cash do they raise the block to 8 megabyte allowing people to transact money very fast and essentially for free anywhere in the world.
And censorship resistance in a decentralized way which is the mission behind cryptocurrency. To create value, you need real adaption and this is what a lot of Bitcoin becomes so successful in the first place. But was getting real adoption and has been doing a very poor job in making itself useful in the economy.
Instead, of just riding on its brand value and calling itself a digital goal. I think over time this will change I think people will want something useful and that is getting more adoption and creating more demand and will have greater upside potential.
On the other hand, Bitcoin take off to 58 thousand dollars and this is normal behavior the cryptocurrency market you have the major coin bitcoin, rise first creating all types of euphoria. And then you have these big Bitcoin holders diversify into other coins so from an investment standpoint. Right now, there’s a lot more upside in Bitcoin Cash, as it could easily five seven-fold this crypto market bull run.
I still think bitcoin core, can go up in value doesn’t have the same kind of upside in my opinion. And I think it will follow a previous trend during the last bull market in 2017 Bitcoin core’s market dominance fell all the way down to about 30 of the entire market. So, Bitcoin core was 30 of the total market caps of all cryptocurrencies and then in the bearer market everyone put their money back into the safe coin.
Bitcoin core which has the most brand value but we’re back in a bull market. So, people are going to diversify those holdings and Bitcoin dominance will fall but it will still go up because alternative coins like Bitcoin cash, will rise much faster.
Next reason that I am investing in Bitcoin Cash over Bitcoin Core, is really the leader behind it in a sense the person what forced the merger is a man named Roger Ver, and if you don’t know who roger Ver is he was one of the first investor in Bitcoin and he was the first investor in Bitcoin start up.
So, he’s invested tons of money into alternative coins and one of the biggest reasons I like Roger Ver he is more of a purist when it comes to Austrian economics. And his mission of volunteerism he was already a millionaire before getting into Bitcoin all the way back when it was beneath a dollar. While most people today sell their Bitcoin to buy Lamborghini to buy Bitcoin because he is really rooted in Austrian economic though and he understand how a free society will lead to abundance of wealth in a more peaceful world.
That will fight less wars and produce more trade and raise the prosperity level of everyone. When Roger Ver saw back 2017 that Bitcoin core supporters did not care that transactions were not moving fast and were costing exorbitant fees for users, he pushed for this to change. And he’s essentially dedicated his whole life into the adoption of the people using cryptocurrencies and specifically his coin Bitcoin Cash and he also owns Bitcoin.com. Roger Ver made Bitcoin Cash block size increase to create more economic freedom and trade and instant transaction that are extremely cheap.
Roger Ver will do everything else he can, to create the adoption of this project which is going to create real value. Bitcoin Cash does have that Bitcoin brand as it was derived from actual bitcoin ant stays much closer to Satoshi Nakamoto’s white paper.
Three reasons why I like investing in Bitcoin Cash.
Its more useful as a currency its cheaper to use than Bitcoin it’s faster and therefore will lead to more adoption.Its more depressed in price there’s more upside potential and I believe the project has better fundamentals.Project has great leadership and founded in Austrian economics which I’m a big fan of.
My perspective:
Bitcoin Cash is relied upon to ascend in the coming years, notwithstanding being estimated low contrasted with the strong Bitcoin. The gathering is trying to improve its exchange rates simultaneously. This is generally why more people are certain about the upsides of long haul interest in Bitcoin Cash.
The two digital currencies have their own solidarity and shortcomings. However, over the long haul, individuals will pursue to the coin with a genuine world use case which is Bitcoin Cash.
Who might pay for additional exchange expense just to purchase regular necessities? Furthermore, would stand by in line to stand by their exchanges to be finished.
Bitcoin money had showed that it can finish to bitcoin as far as every day exchange without getting torn by exchange fee.