The crypto market is REALLY driven by irrationality in the last period.
In addition to the numerous Altcoin with innovative and better technical features than the famous Bitcoin, my focus today is on bitcoin cash.
Bitcoin Cash is totally and completely equivalent to Bitcoin, it's a BTC fork that also improves reliability in transactions.
In addition to this technical aspect, transactions with bitcoin cash have are cheaper.
Despite this, the market seems to be continuing to overevaluate BTC that is absolutely and long term overbought while the BCH price is less than 6 times and is oversold.
Why buy a worse product for a price 6 times higher?
My vision is absolutely bullish on the BTC / BCH cross
People value bitcoin because they value decentralization, censorship resistance, a competent dev team and many other aspects. A coin controlled by the mining cartel and rogerver will never be accepted as bitcoin. U want cheaper transactions go use litecoin, iota and a dozen others. Noobs.
UnknownUnicorn1513138
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Metcalfe's Law.
KotTradingClub
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There are no logic at the market. Hundreds of thousands of people deeply believe in btc and thats why it grows.
CryptoMonkeyDev
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This are like my own words. I was just thinking to post similar idea yesterday. If we look on top20 cryptos, is there even 1 which is worse than BTC by technical means ? I doubt. But i believe time must come. More and more people mean more and more transactions and more and more clogged network. I used to use BTC to pay for some digital products, but lately it was disaster. I really do hope alts will get broader acceptance, because BTC is now worse than Wire transfers...
The_Captain
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@CryptoMonkeyDev, Smart words, along with author. Bitcoin Core has no fungibility and slow confirmation times. To correct these, they need to become more like the ALTs, not other way around. BCH appears to be a better transaction vehicle along with Devs that are more willing to adjust their chain to meet demand.