Bitcoin Cash Crash?

Watching for Bitcoin Cash (BCH) Crash


On November 15 we get to find out if Bitcoin Cash forks *again*, and if the market has enough in it to support value on both chains.

Bitcoin Cash ABC vs. Bitcoin Cash Node both want to be the one and only Bitcoin Cash, but it appears that the first will become BCH ABC and the latter will become BCH.

Personally, I think forks are a pile of garbage, it's like money from nothing and only serves to hurt the community because it splits up the money further.  However, if you have access to both sets of coins it's obviously in your best interest to get the most out of it.  Sell wherever you can.

The complication is that not all exchanges will support both chains, and if your BCH is on an exchange that doesn't support the fork then you won't have your forked coins - just the dominant chain.

While I shorted a tiny amount of BCH because I think this will have a minor vampiric effect, I could be wrong.  Maybe having another community will just grow the crypto world.  I'm not giving anyone financial advice here :D

I should note however that I don't really think BCH has much to offer anyway, so I'm not buying either way.

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ProjectJourneyman
ProjectJourneyman

Android developer. Crypto enthusiast. *** Get over $100 of free crypto from Coinbase for watching a few videos --> https://projectjourneyman.com/comp ***


ProjectJourneyman
ProjectJourneyman

My thoughts and findings on Cryptocurrency and such ** 12% interest on stable coins with crypto.com --> https://projectjourneyman.com/cro **

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