"BCH Bitcoin Cash Just Broke Another Critical Level"
The BCH (Bitcoin Cash) vs. BTC (Bitcoin) saga continues. It's been a real battle for supremacy since Saturday, but technically BCH just broke through 1225-1250 support to the downside. It then rose to retest 1225 from below as often happens and is now at 1218 per Bittrex. Without recovery above this test level, it's possible that the entire move up from the 600's could then be lost, although that depends entirely on the hashpower of the two sides of this equation. As BCH has weakened, BTC has stabilized above $6000, now at about $6200 on Bittrex.
This is a battle over utility. Bitcoin must now rise to the occasion and solve the transactional speed/cost issues or suffer. This is why this challenge arose following the Segwit2x cancellation that was supposed to be the cure for slow BTC blockchain verifications.
Update 2:24 pm: The rise back up over that 1225-1250 area is a positive, which could bring BCH to a test of 1525ish or even to the low 1700s to 1785.
Who do you think will win?
Utility will win, but as said by sharpshot below, BTC has supremacy in terms of recognition at this point. The point is that competition will win out IF the BTC network does not solve the utility issues I summarized. Right now, I'd still bet on BTC, but hedging your bets with BCH and other alt coins is not a bad idea. Remember to watch your position sizes, because a lot of coins will simply go away in the end. That means go to zero! Not a fun ride to take.
Interesting, yet I think BCH and BTG have some potential, even if not passing BTC
I don't see Bitcoin Cash being a real threat because the coin probably has more problems than Bitcoin and is far less well known or accepted. If they seriously wanted to takeover, they should of carried out a lot more development before taking on Bitcoin. It looks like a feeble attempt to me.