Bitcoin cash crash !!! // My opinon about bitcoin cash future //
Bitcoin cash created as result bitcoin hard fork at 1st August 17,
Bitcoin cash bring new feature likes Block Size limit increase, Replay and wipeout protection, New SigHash type.
Less than 2 days bitcoin cash rise to third place of marketcap after bitcoin and ethereum, it's look likes bright future for bitcoin cash but on 3rd day, bitcoin cash drop more than 30% and overtaken by ripple for 3rd place of market cap.
In my opinion, bitcoin cash won't survive for challenging cryptocurrency competition for marketcap, i have some reason about that :
1. Just copy and modify
Bitcoin cash just fork of bitcoin, it mean it just copy of bitcoin and modified.
2. Duplicate succes story
Story of bitcoin begin from 2008, it takes time to succesfull as now. Bitcoin cash just take advantage of bitcoin success, so bitcoin cash quickly famous on cryptocurrency world.
3. Poor website
Bitcoincash.org is official site of bitcoin cash, I feel disappointed about design and content, no video to explain about bitcoin cash, no roadmap and few information.
4. No Roadmap
This is very important in my opinion, because by looking at the roadmap we will know where the direction of this bitcoin cash development will be
5. Community and Investor still on bitcoin
When hard fork happen, I think marketcap will divide to bitcoin and bitcoin cash, But what happens is bitcoin remains on its marketcap even up while hard fork happens and bitcoin cash marketcap suddenly appears, I think the developer and investor of bitcoin cash keeps investing on bitcoin
So for that reason I'm sure the future bitcoin cash will be extinct, But in this world nothing is impossible. It could be that bitcoin cash will reach its peak. No one knows
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I agree with you regarding the future of bitcoin cash, we can see how the price dropped down after just a few days, people figured out very quickly that it is just a copy. Maybe, just because of a promotion, it will keep growing from time to time, but in general, we will see how rates continue to go down.