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RE: Bitcoin's dip is Bitcoin Cash's gain. Also, date finally set for Bitcoin Gold to begin trading!
Thanks for this informative update.
As a techphobe, I cannot always follow what is going on behind the scenes, so I truly appreciate posts such as this, with timely and relevant info that is presented in an clear and understandable way.
Not only does it explain and clarify the current situation, but it also allows me to make informed choices about what to do with the various coins that have been forked off.
Cheers, and Full Steem Ahead.
Could it be possible that this also related to the ridiculously high transaction fees that are charged when sending Bitcoin?
Most likely. Those insanely high fees were one of the main reasons that Roger Ver and his cohorts forked off and created Bitcoin Cash.
Of course, without all the necessary infrastructure in place, Bitcoin Cash was expected to have a bit of a tough time. But with its recent surge to well over $1,000, it looks as if its "tough time" might be over.
The next few months or years will be very interesting as the various "Bitcoins" vie for market dominance.