RE: Bitcoin Cash (BCH): Target: $2,068 then $4,489 then $8,500...No! This DOESN'T MEAN DEMISE of Bitcoin (BTC)

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Bitcoin Cash (BCH): Target: $2,068 then $4,489 then $8,500...No! This DOESN'T MEAN DEMISE of Bitcoin (BTC)

in bitcoin •  7 years ago 

BTC and BCH serve different markets - BTC as a store of value asset and BCH as a transaction-oriented coin...

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Thats what all of us in the know like to think - the reality though is that they are both fighting for name recognition and it is a pitched battle - unfortunately in most of the big guys minds - it is an us and them scenario.

It's further intensified because they both compete for the same mining power.

Ay, there's the rub.

To be a store of values there must be exchage usage. Bitcoin usability has been diminished by Blocksteam-Coin.

BTC core became a ponzi hodlcoin with no utility, before it was a digital payment system, now i have no idea what it is...