With bitcoin cash at it peak of $700 dollars will it continue to grow yes that is my opinion with these reasons :
1 faster transaction
2 low transaction fee
3 mining profitability
Buy some now happy Trading....
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This can be said about almost any alt-coin.
The big hope for Bitcoin Cash now is that a lot of miners, blinded by the possibility of increasing their short-term profitability, will defect Bitcoin and start mining for Bitcoin Cash instead. That would be very bad for Bitcoin, and Bitcoin Cash would be the new king of the hill.
I don't buy that narrative, it will take years until Bitcoin Cash can achieve 4000 USD market price, just a flippening will cause disruption and lots of money leaving crypto in general. It will be a big loss for the miners, hence the bigger pools will most likely not support Bitcoin Cash with significant mining power.
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Well, one of the largest pools already has 112P to Bitcoin Cash ,which is more than 30% of the total hash power of the pool - https://pool.viabtc.com/
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My opinion for what it's worth : ) How many people accept BCC and how many accept BTC as payment ? How many ATM machines payout in BCC ? How many exchanges deal in BCC ? There are few coins that have a real use, BTC is number one for acceptance and usability ! Greed always influences short term investors and some miners I am sure fall into this same thinking. Also, putting too much uncertainty in BTC again just after this last fork could lead to a major set back in the growth of the total market cap for all coins, is this what they really want to chance ? Enough said !
I however think only a pump and will be short lived.
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That too. The mining revenue can only be sold several days after the mining took place, so switching hash power to Bitcoin Cash is a gamble that the price will stay where it is - and if I'd been a gambler, I'd been shorting Bitcoin Cash right now.
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