Hello fellow steemians and crypto investors,
This week I decided to sell most of my Bitcoin Cash to buy more Bitcoin. Following are the three powerful reasons I decided to do this.
However, I did keep at least its millionth of supply (21 coins), just in case, as I’ve explained previously on this post about how much to invest in each coin. I believe you should too as long as you can afford it.
- Reason 1: No users
Despite all the propaganda by Roger Ver and his China friends Bitcoin Cash is NOT being used. The following chart shows the huge disconnect currently between Bitcoin cash and the number of active wallets on its blockchain:
- Reason 2: Google Trends
Bitcoin is consistently hitting all-time records on Google Trends global searches, however “Bitcoin Cash” is barely even searched for after it peaked early August.
- Reason 3: Segwit
Segwit usage continues to steadily grow on the Bitcoin network. It’s only a matter of time before we start to see second layer scaling solutions released in Bitcoin. Litecoin and Ethereum are also heavily involved in this race to get to second base.
Tell me what you think of this post in the comments below. This is not professional investment advise. I'm not your financial advisor. Only invest money you can afford to lose!
CHECK OUT MY PREVIOUS POSTS:
Bitcoin All-Time-High on Google Trends - 91% strong correlation with its price
Why China (or governments) can’t stop crypto
ETHEREUM’S RAIDEN VS BITCOIN’S LIGHTENING – What’s happening?
SEE THE CHARTS! Segwit progressing slow but already helping ease congestion in the Bitcoin network
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Happy crypto investing!