RE: What are your thoughts on Bitcoin Cash?

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What are your thoughts on Bitcoin Cash?

in bitcoin •  7 years ago 

Probably going to linger around like all the other altcoins.
I don't think it's going anywhere.
In terms of price, I think it'll get dumped very soon. Right now, demand is artificially inflated because:

  1. It's not on any major exchanges yet
  2. Confirmations are super slow. Currently 0.2tx/second.
  3. Each time a block is solved, you see the price drop a little on viabtc, as people are able to dump.

Once it hits major western exchanges, I forsee a sudden spike in demand.

Be careful claiming it as well. There are poisoned binaries floating about which can steal your money.

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