At last, it’s here and it seems that everything we are going to hear or see, is going to be real.
A few hours ago I read that in a Chinese mining company the first block of Bitcoin Cash which was mined had above 6K transactions.
At the present time the price of bitcoin cash is:
Also it is traded in the following exchange:
Exodus has enunciated that within 24/48 will provide a guide line to inform its users how to claim their inform of BCH/BCC.
Conclusion: The general impression is that (based on what I have read until now) most users which have BCH have sold a small part and waiting to see how the market is going to react and this has led to a price dropping for Bitcoin Cash.
One thing for sure, bitcoin has not lost much in the first day of BCH and it shows a realistic resistance.
Other coins are more or less maintaining their postures and I believe we should be looking forward to a few interesting days to come in the market.
I'm not convinced Bitcoin Cash has a strong future - I don't see what uses it has over Bitcoin. What's going to drive further appreciation of BTC is more mainstream adoption, which is starting to happen for Bitcoin. I don't see how bitcoin cash makes up that ground.
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Thank you for your comment. There is no question that BCH is not a match for BTC. On one hand the good infrastructure that it has is an advantage but yet there are lots of limits. At the same time a few minutes ago Japanese exchange group has officially accepted BCH. We just have to wait and see what happens.
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Thank you for your support.
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