As we approach another milestone for Bitcoin, the grandfather of all Crypto currency, the future seems more murky rather than clear. With many coins already riding on the coattail of BTC (Bitcoin Dark etc) another intends to capitalize on it's rise. Bitcoin cash BCC along with many other coins are making a grab for Bitcoin market and we are allowing it to do it quite easily.
This is setting precedence for future hard forks but in reality it is not so much as hard form as a new coin using Bitcoin user database to generate a base community and virtual market cap.
Bitcoin will still remain Bitcoin but BCC is new altogether and when it starts flooding the market at virtual price that don't exist, where will funds come from to give it a real market cap?
Will the market cap take share from Bitcoin or will it take it from other alt coin? Will more people convert their fiat?
This will have the opposite effect on the market, instead of investing people will begin to cash out because more splits like these create virtual currency with no intrinsic value.
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Good article. Good to see I'm not the only one that is thinking about this. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins. We do need to look better at the insights of every coin. What team is behind it, is there any management. How strong is the product, is there any product at all? Does anyone know about: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market.
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