Just want to put a disclaimer before I start. I am writing this in a trader's perspective, I am careless about the Bitcoin politics of Segwit2x or increase block size to 8mb, I am here to make a profit. Now I got that out of the way, let's begin. At the moment, people are not aware of the BCH difficulty drops to 17% of the original chain's difficulty, this will continue to drop until it reaches to the 10mins block time as BTC thus BCH will eventually be equal or more profitable to mine BCH than BTC. Yes the price of the coin matters as well, but even at current BTC pricing of $3200, It is only 163% more profitable to mine on the original BTC chain. Imagine when the BTC pricing pulls back to $2500. It will bring mining BCH closer to same profit as BTC as long as BCH holds at $200 pricing which I think it will since most of the people would have dumped BCH by now. (A lot of exchanges have allowed to deposit BCH). As BCH becomes more profitable to mine than BTC and if one day we have reach to 50% of the mining powers goes to BCH, you can imagine what will happen to the price of BCH. Never mind 50% , even 40% of the mining power goes to BCH, puts a statement to the public that BCH is worth the money. Also I saw some of the articles mentioned Bitcoin Cash doesn't have the community and use case to hold the value of BCH. But since BCH is a fork of BTC and it keeps the same chain(ledger) at up until August 1, 2017, this creates a opportunity for the existing BTC users to choose side(s), they have a choice to use BTC only, BCH only or both(***Existing Bitcoin owners have both versions of the coins). The price of BCH and BTC will move as the miners(influence) the number of users on BTC or BCH. The price of BCH may have dropped a lot since it's launch but the battle hasn't ended yet. It's going to be a long battle for BTC and BCH! Which coin will win the battle in the end? or maybe both coins can co-exist? What do you think? Please leave your comments below and if you've found this article be helpful, please donate:
BCH: 16YzYVBVEY9K7XvX9bbjPMZYZVgVqfN3k5
BTC: 1DLqmVMC2pirvmf3iCVbTP9tesdH4aMeWh
ETH: 0x64ddb127eca019447a454d34fd2bca5e9d9d47e7
