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RE: BTC Death Spiral - Update
THE Hilarski has a point; the "built in hedge" is not a bad thing; and becomes an entity to its own; which is part of the whole and we don't have to look at this as devisive, simply the hedge riding along side the main body.
When/IF the hedge fails ("best project wins") then the overall price adjusts to the main body. And looking at this as a chance to cash out early, ignores the small chance the main body will fail (thus the hedge exists).
I see a lot of math lately that simply combines the 2, into 1.
The reality: BTC has a lot of problems...
People seriously keep forgetting Bitcoin Cash is merely 32 days in existence... If you leave the hatred on the side, the only reasonable conclusion is that BCH is by far the most successful crypto launch in history of crypto... literally consuming 10%+ hash power of the No1 permanently, and this number is poised to rise more and more going forward..
BCH is here to stay, and it will BOOM