Bitcoin and Bitcoin Cash - can the two co-exist, or will it be a zero-sum game?
Managed to find my links
Coindesk posted a neat pic over the weekend that shows that inverse relationship between BTC and BCH ... it's quite striking, isn't it? ...
Although
Crypto Coins News seems to feel it may be too early to tell for sure if this will turn into an either/or, even though the graph sure does make it look like a zero sum game ...
https://www.cryptocoinsnews.com/crai...r-was-bitcoin/
News BTC also seems to feel that so long as scaling issues plague BTC, it leaves a window of opportunity open for BCH?
http://www.newsbtc.com/2017/11/09/ki...-craig-wright/
On the other hand,
Charlie Lee the creator of Litecoin says that because BTC and BCH share mining pools, there's really only room for one in the long-run:
Though
Coin Telegraph notes that in the short-term, with the market cap of cryptos growing as a whole, today the two both appeared to make gains? (sample size of 1 day
)
https://cointelegraph.com/news/a-tal...ash-are-headed
https://i.imgur.com/e6YwM96.png
In another article from
Coin Telegraph they say that there are investors who are now choosing to hodl both BTC and BCH?
https://cointelegraph.com/news/how-b...the-real-thing
Although it sounds maybe more like people may be hoping that if a couple of people with lots of coins was able to move the market before, they feel like it could happen again?
The difference in market cap is interesting - if the two do wind up having something of an inverse relationship, guess if BTC with a CAD$148bil market cap were to drop 10%, and if all of the $ went to BCH with a CAD$27bil market cap ... would that CAD$14.8bil create a gain of 50% for BCH? Or if people who are holding BCH decide to move into BTC, maybe it would take a relatively small number to cause big drops in price? (not sure?
)
Was able to find several technical analysis things for BCH today - guess if they're similar in reliability of the bitcoin ones in predicting future price moves based on past performance, they may be about as reliable as 51% as well?
This one from
Ethereum World News says a drop to US$1k for BCH is possible in the short-term, but feels like things could go either way after that?
https://ethereumworldnews.com/bitcoi...usd-hold-1000/
While
Coin Desk seems to feel like US$1k may be as low as BCH goes?
https://www.coindesk.com/bchs-new-co...ited-downside/
Wasn't able to find anyone who mentioned why BCH is the only one that seems to have lose when BTC gains, unlike ETH - maybe it is too soon to tell if the zero-sum trend will continue, but maybe their shared history makes them too similar for most people to see a need to hold both?
Winter in Cali sounds lovely HUMBLE. My brother lives out there - was looking at the weather charts, and it says the daytime high in So Cal is 70° in December ... will be interesting to experience Christmas in a t-shirt this year
Last edited by TrustySam; 11-15-2017 at 12:32 AM.