Yup exactly and the core developers dont support BCH just a few miners. I honestly think China backed it with a few billion dollars when it launched as a majority of the miners seem to be out of China
RE: Is LiteCoin Still Undervalued
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Is LiteCoin Still Undervalued
Do you see the price collapsing for BCH or are there enough people who embrace it that it will hold up?
That was something that I saw pointed out as a major drawback to BCH...the fact that most of the mining was being done by a few entities. It wasnt a situation where there was widespread penetration among the miners.
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It will always hold some type of value but I don't see it beating out BTC. Still many people are having touble getting access to their BCH but when that happens that's more and more coins to flood the market.
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Thanks for all your insight.
My intuition led me away from BCH. In fact, when I was mulling a purchase last week, I considered BCH but passed and picked myself up a position in LTC. Like you posted below, I wish I had more. Sadly, my money is on hold for another couple days but I will be adding more (might wait for a pullback). I think this is a nice long term hold.
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I'm inspired!
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