With all the recent news about bitcoin hard forks I thought it’d be a good time to look at the last hard fork, Bitcoin Cash (BCH).
As you can see from the coinmarketcap top five below, Bitcoin Cash now ranks fourth. It has spent most of the time since the fork ranked third. And at a price of $320 it’s at its lowest price since the hard fork happened.
At its highest price BCH traded over $900. If you were able to sell then, kudos to you. BTC traded around $2,700 prior to the hard fork, so selling BCH at $900 is like a 33% dividend. That makes BTC a very productive asset!
Of course if you’re measuring in BTC the dividend wasn’t quite as big. By the time BCH traded at $900, BTC was trading at $4,100. Still though, that’s a 22% dividend.
According to the experts the winning “bitcoin” will be the one that gets the most hashing power.
In that case BTC is winning hands down. See the graph below.
I’ve always just held my BCH. I consider it a free hedge and a bet on Roger Ver and Jihan Wu.
But of course now Roger seems to be supporting B2X as well. And it has me thinking maybe I should sell the BCH.
What do you think I should do?
For more on cryptos follow me @g-dubs
Follow on SteemFollower
Buy Bitcoin, Ethereum, and Litecoin at Coinbase
Mine with Genesis – use code jWxfye for 3% off
I've just been holding onto my BCH and I will probably do the same with gold and segwit 2X. I feel that the whole crypto market still has a long way to go. Plenty of people out there still don't know much about the crypto world. Once it goes more mainstream, then I will consider consolidating into the big, main coins.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree the crypto mkt cap can get a lot bigger. Interesting strategy, I'm still leaning towards selling any BTG or B2X I get.
I like BTC ETH NEO LTC DASH as my top 5.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My old dead granny always said "When in doubt BUY BOTH".
Now I do everything in life in 2s. I swear, I swear :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great advice, advice
lol lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i dont think bch is going to survive after the hard fork
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Half of me is thinking that and the other half is saying don't bet against ver and wu
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i think you should wait after the hard fork then sell your bch
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lah yesahl 3lik hhh
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm 100% in the same boat as you. At the time of the fork I didn't have much bitcoin, mostly alts, so I only got a little bit of BCH. I've sold half at $650 and held on to the rest, 'just in case'. But now I am wondering the same as you: Should I just sell?
Then again, I can't shake this itch that says 'But.. you never know..'
Also I don't think Roger is supporting B2X.. I think he's just aiming to weaken BTC, because the only way for BCH to survive is if BTC no longer dominates.
edit: additionally, I didn't even bother chasing BitcoinGold.. I would much rather have these cheap alts than a BitcoinGold that nobody wants anyway. In hindsight, I had underestimated the bull run Bitcoin would take because of it. My portfolio suffered! But I did pick up cheap, cheap OMG! (and more Loopring, very bullish on it)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Maybe selling half is the answer. Scratch the itch and hold some just in case.
BitcoinGold doesn't look like it's going anywhere. I'll sell if I have a chance.
Been picking up OMG too. I'll have to check out Loopring, thanks for sharing!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah that is what I usually do when in doubt - do both :)
But in my case, I have already sold half! So now I'm holding this half bag.. Then again, the amount is so low that it really doesn't matter..Even withdrawing it from bittrex will take up a significant percentage of the total in withdrawal fees!
BitcoinGold indeed is going nowhere. And from the looks of it Segwit2X isn't either lately. I'm starting to think the market is going to be reacting very differently than we may think with the upcoming forks. Not sure Bitcoin is going to keep rising, people may prefer to cash out and forego the worthless forked coins instead. Time for the altcoin boom?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Altcoin turn around starting Nov
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think it may be sooner. Or, I hope. Because I can't handle much more of this drain ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@originalworks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @g-dubs to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here! || Click here to participate in the @OriginalWorks sponsored writing contest(125 SBD in prizes)!!!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post was resteemed by @resteembot!
Good Luck!
Curious? Check out:
The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This wonderful post has received a bellyrub 4.78 % upvote from @bellyrub thanks to this cool cat: @g-dubs. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post received a 4.15% upvote from @randowhale thanks to @g-dubs! To learn more, check out @randowhale 101 - Everything You Need to Know!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 17.54 % upvote from @booster thanks to: @g-dubs, @g-dubs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You were lucky! Your post was selected for an upvote!
Read about that initiative
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit