BTC is up today by 3% but Bitcoin Cash is rising by double this (6%). (chart 1 & 4) If you wonder why, here is the reason: The SmartBCH network is experiencing higher traffic than previously with all the latest developments. (more demand) 2BCH burned today for SmartBCH fees (chart 2) 21BCH burned in total for SmartBCH fees (BCH is becoming deflationary). The two charts seem to be correlated, and you should know this is just the beginning. Bitcoin Cash will decouple from the BTC manipulative peg, because: math. BCH is about to experience explosive growth with SmartBCH, making the Ethereum clones look like a toy and compete directly with Ethereum because of its scalability design. SmartBCH doesn’t have a native token. It is just Bitcoin Cash. Anyone interested in SmartBCH must buy Bitcoin Cash to use SmartBCH (for fees and trades at DEXs). Fees are extremely low but the burn process (50% of fees are burned) creates special dynamics for sustainable growth that will be independent of the BTC peg that affects the crypto market. Here (chart 3) the supply was reduced and this increases the price, but not analogous, since the demand line is inelastic (price moves a lot more than the quantity). The chart I used is not with inelastic demand though but I couldn't find one. With a vertical supply (21m), any reduction (burn or lost coins) is bound to increase the price with demand staying the same. With SmartBCH, supply of BCH will keep dropping (at a small rate) and the price will keep increasing (at a higher rate). Ethereum has also upgraded to include a burning process for fees, which added a lot to ETHs price during July and August when the market had been sluggish. Deflationary cryptocurrencies (with names like BURN and BOMB) from previous years were based on this theory, however, all of them failed since they didn’t have any other useful feature. There was a period of hype and prices grew for a while, but within just within 4-5 months, all deflationary tokens failed. There is no interest (demand) in anything that is completely useless no matter if its supply keeps shrinking every time we use it. Anything can be deflationary, but if it is useless, then there will not be any demand for it. - This is the reason BTC will fail, - The reason Bitcoin Cash has already succeeded and winning, and - The reason I invest, write about, support, tip, and use Bitcoin Cash. It is just math. Financial pyramids are unsustainable and in due course will all collapse. Murdoch’s Ponzi was sustained for decades, but eventually, it collapsed. There is a limited number of suckers that will be lured into a useless asset with an archaic network that offers nothing but hype. The Bitcoin Cash train is leaving the station, but I am expecting a violent reaction from the BTC side and while the chart points to an extreme rise for Bitcoin Cash, the BTC side will try by any means to stop it. BTC can’t hinder development and innovation forever, and in the end, this is what will drive demand. Not Tether nor hype.
Amazing sooner or later more people will realize the superiority of a deflanionary asset like BCH through smartBCH
Did smartbch rooted from bch or they have different developers or owners?
That's a really detailed analysis. Maybe a little too much for a novice like me