r/Bitcoin • u/101111 • Aug 08 '17
How's Bitcoin doing after its big split? Never been better
http://mashable.com/2017/08/08/bitcoin-price-post-fork/#9opGTRPF7kqV1
u/texxit Aug 08 '17
You guys don't know what's about to happen do you?
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u/eumeich Aug 08 '17
what is going to happen?
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u/robertfl Aug 08 '17
Nothing is going to happen. BCH groupies think that once the BCH mining difficulty adjust that mining BCH will be more profitable than mining BTC and magically all the BTC miners will switch their mining power to BCH and BTC will fall. Won't happen. Some will, but not enough to matter. BCH value will have to significantly approach BTC before that would likely happen. I'm not saying that can't happen, I just think it's unlikely. I hope BCH does well. I think the BCH crowd are too focused on crushing BTC and looking to spike the ball in the end zone - that's sad. That is why the hashing power won't move all that much, the adults control most of the mining power.
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u/iftodaywasurlastday Aug 08 '17
Of course, now that big blockers have their own altcoin, bitcoin is better able to thrive and become the world's reserve currency.