This looks like deliberate price suppression if you ask me from the facts below . BCH must still still in accumulation mode and the whales will let it rip when they are satisfied.
Why ? Reasons below ============ *BCH has very Low fees *BCH can tip in amounts of under $10 on Twitter , Reddit and by Email without an L2 scaling solution ' *BCH has fast instantaneous transactions ( try for yourself using the Bitcoin dot com wallet) *Zero confirmation accepted here .
Also from Bitinfocharts dot com =========================== BTC transactions per hour - 14170 BCH transactions per hour - 15760 LTC transactions per hour-4617
BTC transactions last 24 hour - 340,083 BCH transactions last 24 hour - 110,800 LTC transactions last 24 hour - 379,103
How is LTCs market cap greater than BCH ? This said its just not comprehensible to me how BCH is still priced at under 1/100 of a BTC . IMHO This has to be the bargain of a lifetime.
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The above needs correcting ====================== BTC transactions last 24 hour - 340,083 BCH transactions last 24 hour - 379,103 LTC transactions last 24 hour - 110,800
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BCH is handling more transactions per hour and per 24 hours than LTC and BTC
bch is exactly that - bitcoin, but cash.... bitcoin is a store of value (sov); bch is currency.
litecoin however is better in many ways based on its technology and is also a form of payment/cash.
i use both for moving value between wallets, buying/selling, topping up my crypto visa card....
and hodling ofc...
completely agree that this mass adoption wave is going to realize that bitcoin is not meant for regular transactions, but rather store of value, and they'll eventually flock to bch.
however - xmr is far superior in every way to bch and bitcoin. it actually has already accomplished what bitcoin was intended for (but never achieved).
its faster, cheaper, and built better in every way, not to mention its 100% private as well, which is what money is supposed to be - something bch/ltc/btc will never have.
@ezpi, These are well thought of points and I appreciate the commentary .
mycotoxin
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@ArtfulDodger1974, Tesla only runs Bitcoin nodes currently so sending any other coin would result in a loss of that token - Thus Tesla not accepting any other token
makes perfect sense to me .
Adoption takes time and allow Tesla ample time to get their experience accepting BTC transactions for purchases, and they will soon expand to other tokens including BCH.
mycotoxin
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@ArtfulDodger1974, i listened to that interview today, very interesting - Those guys dont like ETH very much as they spent almost 2 hours bashing it .
When it came to the BCH portion KIM dot com shared many good points. The full interview is on Vimeo but Tradingview has warned me not
to post external links so PM me if you want the link.
mycotoxin
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@ArtfulDodger1974, i like Roger he does come across as very legit to me and i respect his ideas. I used to use LTC heavily and still do for many of my quick daily transfers to skip the high BTC fees, and thought BCH was a useless token - But after doing extensive research and using the BCH token I really like it and have even converted most of my BTC to BCH. I also like the community they seem very open.
if any token will become the daily used token my hunch is BCH will be it and BTC will be the store of value.
rightz06
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I used BTC a lot back in 2015 2016 for micro payments and online business.. I remember sending 1$ to some of my friends it was fast and low fees.. people on BCH and BSV are bitcoin maximalist..some of the old bitcoiners are in BCH and BSV... I was learning a lot back in 2017 on blockchain and Bitcoin and how Bitcoin got hijacked by blockstream and change the narrative to store of value or digital gold lol... I’m still a big blocker fan.. Bitcoin can scale on layer 1 on chain... no more side chain or layer 2... that’s why ETH sucks you pay 70$ gas fees.. and Same with BTC slow transactions and high fees people will learn the hard way... but I missed a lot of opportunity for getting into the politics, and being technical.. sometimes it’s good to ride the hype just like ADA and polkadot.. DOT is all hyped and promises hahaha
litecoin however is better in many ways based on its technology and is also a form of payment/cash.
i use both for moving value between wallets, buying/selling, topping up my crypto visa card....
and hodling ofc...
completely agree that this mass adoption wave is going to realize that bitcoin is not meant for regular transactions, but rather store of value, and they'll eventually flock to bch.
however - xmr is far superior in every way to bch and bitcoin. it actually has already accomplished what bitcoin was intended for (but never achieved).
its faster, cheaper, and built better in every way, not to mention its 100% private as well, which is what money is supposed to be - something bch/ltc/btc will never have.
youtube.com/watch?v=O58STfvxZnY