Bitcoin Cash Going to The Moon, I Bought a Small Amount of Bitcoin Cash and Doubled my money by now
I Bought a bit of Bitcoin Cash yesterday Morning when it was $960
I bought on the speculation that Bitcoin Cash will Replace Bitcoin by May 2018
I am very happy to have found the news, However since I don't trust the news 100%, I only Bought $250 worth of Bitcoin and that was about 0.036 Btc
From the 0.036 Btc I bought 0.026 Bitcoin Cash and 0.010 Btc Bought SBDs
As far as I see I almost doubled in the amount of Bitcoin I bought in 24/h
I now have 0.071 Bitcoin
As you can see Bitcoin is Going Down And Bitcoin Cash is Going up
Bitcoin is now $5550 on some exchanges
Bitcoin Cash is $2000
I am dead curious is Bitcoin is Dying or if just a big move by some whales
However I strongly believe that many are now Losing their cash because they don't even what is Happening around
The news was Unexpected in my opinion!
But what do I know!
I have friends and told them to change the bitcoin to sbd and Bitcoin Cash
But many don't know, because they are not trading at all, they invested in Bitcoin because they saw it at $7800 and now they are losing Big Time
I strongly believe that steemit.com is my Best Friend when it comes to news and opportunities
Thank you very much for dropping by!
Have a great time Steeming
I think Bitcoin sealed its fate with the cancellation of Segwit2X.
It basically solidified it's position as an asset, internet gold, rather than a monetary system that was originally intended by Satoshi.
I'm expecting BCH to overtake BTC soon here. Although, I think BCH isn't much better than BTC anyway. The reason it's making these gains is because of the Bitcoin name. There are far better altcoins in terms of fees and transaction times. -_-
BCH will suffer the same problems as BTC. Just give it a little time. Nice that you made some quick easy cash. But I wouldnt be in it for the long haul tbh.
I hope BCH will overtaken BTC
I won't be for a long time
When I feel it's near the top I will change to XRP
True there are better coins out there with cheaper transaction fees... Etc
I am easly building my portfolio
Thanks for dropping by
Have a great time Steeming
As soon as the difficulties and fees readjust things will normalize on both currencies. Plus BCH has a fork coming up. When it is over the price will probably drop significantly.
Nice! Good to hear you got in at the right time!
I just made a post with analysis of btc at the current level. I can't imagine that BCH will replace BTC. To more clearly illustrate my position, I will share the words of someone who is in one some of my crypto groups:
"Ask yourself.
How many nodes does BCH have relative to BTC?
BCH has 315 nodes - guess how many BTC has, 11,000.
How many exchanges / pairs does BCH have relative to BTC?
in terms of nodes, full nodes, exchanges/pairs, development, etc. it's just no contest. BCH exchanges/pairs (just numbers not quality of) is ~120. BTC? 400+
What does the github development of BCH look like relative to BTC?
How widely accepted in commerce is BCH vs. BTC?
Which is more centralized, BCH vs. BTC?
Which is more easily manipulated by whales BCH or BTC?
Which is more susceptible to a 51% attack, BCH or BTC?
etc. etc. there are dozens and dozens of questions one can ask that will clear up the fog and create a clearer picture. "
Also, feel free to check out my post!
I much appreciate your Comment
Sure many are to be asked
But see it all just becoming a bit more complicated than what I was used to
I will gladly check your post
Have a great time Steeming
Yeah, I agree. Tonight just proves it. I have found myself asking, "What is going on right now?" more than once watching this all unfold.
Changes are always a new way of making cash I suppose
We just need to be agile
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