What's happening with Ethereum Classic!?

Yesterday when I noticed Ethereum Classic on Poloniex I became very interested, because I was a HUGE believer in Ethereum!

Until the DAO hack happend..

But today I woke up and noticed that all of the ETC that I traded for on Poloniex yesterday had more than DOUBLED in value overnight!

Is Ethereum Classic replacing Ethereum..

Obviously as you see the price of ETC is going up, and the price of ETH is going down. So it looks like everyone is doing the same thing.. basically trading their Ethereum for Ethereum Classic!

Is this a bad thing..?

I don't think so, and let me explain why..

Ethereum was supposed to be the new "World Computer" INTERNET 3.0!

But with the hardfork and change in code pretty much breaking the confidence in the solidity of the code, people are wanting the saftey of knowing that no matter what kind of hack or how big.. the code WILL NOT BE CHANGED..

I think people were really interested in investing in something like that, because of how much it will be needed in the future!

Will people still invest in Ethereum?

I believe as mentioned above that the "original" code is much needed for the future of the crypto-world, and a great long term investment.

But when the price does stabalize I think you will see people flood back into regular ETH while still holding ETC!

Now that Ethereum has changed it's code and showed that they take security very seriously.. I think that it will find it's place in the trading world again :D

As always let me know what you think, and feel free to leave your own links in the comments below :D