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RE: On it's second day of existence, Bitcoin Cash is soaring!
I think it is funny that people actually think that Bitcoin Cash is just going to go away after a few weeks or a month. That is so dumb.
Clearly if it is more profitable to mine that people will jump over and mine it. Exchanges are going to have it so they can collect fees on transactions.
It has a large distribution. People are going to watch it. It is here to stay. Whether it drops to $100 or wherever. It is here for sure.
Don't forget, if even 20% of miners switch to Bitcoin Cash because its more profitable, Segwit-Bitcoin is going to slow to a crawl and you'll have to pay ridiculous fees to get a transaction through, which will lower the price, which will make more miners switch, which will add to network congestion, which will lower the price, etc, etc.....see where that goes??
Yeah it will be very interesting to see what happens in the next few weeks!
If the hardffork which created bitcoin cash actually solved the issues of high transactions fees and allows for faster transaction time, I do not see any reason for it to just disappear into obsecurity. I'll get me some bitcoin cash! All exchangers should support bitcoin cash. This is what we expect in a decentralize world: more freedom and more caos ! 😎