RE: Is Bitcoin Cash The NEW Bitcoin? - The Market Seems To Think So!
BCH today reached the price of 0.2 BTC. this makes total sense since BCH was at 5% first and 2x had 15% support in the future markets. this is exactly the size of the big block community, so saying BCH becomes the new BTC is totally bullshit.
BTC is not fundamentally same as BCH, BTC has Segwit and this is the fundament of a lot of innovation. This will make BTC outperform long term, BTC will get extremely cheap and instant payments via Lightning Network soon!
The only way I see BCH rise further is because of Chinese government backing it (mining is heavily centralized, very easy to control) or because public figures like Jeff Berwick and you saying that it will be the new bitcoin (or using click bait titles like this). I was very disappointed in Jeff Berwick because he was always neutral and since he hang out with Roger Ver a lot he is leaning to big blocks. Hyping up BCH on the cost of bitcoin could cause the whole ecosystem a huge delay! Please stay neutral as long as there is no proof that Core is backed by bankers, this is really bad for the most important technology ever!