There is a mountain of controversy surrounding Bitcoin Cash, the Bticoin spin-off developed by Roger Ver and his team of cryptocurrency investors, but there is no question that BCH is a smashing success in the marketplace right now, while BTC is suffering a major downturn. What are the fundamentals that underlie the market's decision to dump BTC and pump BCH?
In this informal presentation given by Ver at a recent Bitcoin meetup in Los Angeles, Ver opens up about his motives for pushing BCH into the spotlight and I find it to be invaluable for the entire crypto community to hear. I'm not a Roger Ver fan or a Bitcoin purist, I'm just a guy trying to capitalize on the cryptocurrency boom and position myself to reap maximum gains heading into the exciting future of blockchain technology and finance. I found this presentation to be relatively honest and very useful as a lesson in cryptoeconomics and as a roadmap for navigating into 2018.
ROGER VER SPEAKING IN LOS ANGELES, NOVEMBER 9, 2017:
I almost fell victim to the anti-BCH hype which dissuaded me from holding any BCH until it had already hit $999 USD. Thank fully, I let my better judgment overcome my irrational prejudice and I snagged some at an opportune time (my investment has tripled since then at the time of this writing). I am not happy with the state of affairs in cryptospace right now but I have preserved my gains thanks to my willingness to hear both sides of the argument in the BTC vs/ BCH battle.
I moved most of my money from BTC to ETH and some other steady stable coins while picking up about 50% of the number of BCH coins as I had held in BTC, and it has been profitable. What has your experience been and what strategies are you employing as 2018 rolls in?