ALERT! Since the recording of this video, prices for Bitcoin Cash (BTC) vs Bitcoin (BTC) have exploded in different directions! Watch the entire video for our important price prediction.
After a year long surge, the Bitcoin community has hit a tumultuous time. In the wake of the community’s inability to reach a consensus on SegWit2x, BTC’s price drops over 20% in a matter of hours. We’ll be taking a look at the driving factors behind Bitcoin’s sudden drop, and why Bitcoin Cash appears to be picking up the slack.
Our analysis begins with coverage of the SegWit2x debate over increasing the Bitcoin block size from a 1 MB to a 8 MB limit in order to decrease transaction times and ease the increasingly heavy load felt by Bitcoin miners throughout the community. We’ll also be taking a look at the troubling issue of the ever increasing transaction fees, burdening the crypto community as a whole.
Along with the faults of the current Bitcoin system we’ll discuss the advantages of Bitcoin Cash’s modified code. Factors such as an already present 8 MB limiter and the incredibly important issue of EDA (Emergency Difficulty Adjustment) will be also be addressed. As with any situation though, there are two sides to the coin, and we will also be digging into the issue of increased mining difficulty and node size, and how these issues can push smaller players out of the picture. This in turn can push us further and further away from the cryptocurrency market goal of truly decentralized peer distribution.
To finish off, I’ve teamed up with a Forex guru to come up with an important Bitcoin vs Bitcoin Cash price prediction study, especially what BTC (Bitcoin) and BCH (Bitcoin Cash) have in store for us in the coming weeks. Due to this volatile market, we have seen significant short-term price changes materialize since this video was recorded (11/11/2017). This has actually proven very helpful, as some of the provided predictions have actually taken place.
It’s been a wild weekend for cryptos, and even though everyone is feeling shaken up, there’s nothing to fear. Cryptocurrencies are here to stay. We just have to stay smart and continue evolving as this ever growing market moves forward.
So where do you stand on this debate? If you’re a Bitcoin miner, will you start mining Bitcoin Cash now after this fiasco? How about trading…will you HODL BTH now instead of BTC?
Let us know in the comments below and make sure to subscribe to the channel for more updates on the crypto market and information on trading and mining cryptocurrencies.
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BTC – 13LiRV2XBANTT2QuEhtYTE38dg85YaThai
ETH – 0x6c257a94696819af580a22fd5f6b6818ac055f2e
LTC – LZE2cKwiTuh4FD2yU6qky1E7zbJmtcCG8h
ZEC – t1P2jacRH4V1W2hrkZfWgaqYzmU337UFVPh
DASH – XgBdE6uCgWRjRU3T6FDjcZcqqgoBUeBLBu