| I'm a board member and founder of https://www.bitcoinwednesday.com/ What happened on 1 August and with the prices immediately after suggests how the conflict over the blocksize has been widely misreported. Bitcoin was not ripping itself into two in a civil war, but innovating new forms of governance and token distribution for new projects. We now have a technically proven, and from the looks of it, established new method of token distribution that is arguably far superior to crowd sales and ICOs. If you don't like the BCH or Bitcoin implementation, there are already hundreds of other cryptocurrytencies, but you can also fork your own from the biggest, original (and arguably most widely distributed). BCH now has a "market cap" of about $3.7 billion dollars, probably a world record for a startup (open source project) that was literally released to the world a few days ago. If you own bitcoins before the fork, you should now own equal amounts on both sides of the coin, and (hopefully) soon will be able to buy or sell either token, depending on your preference. Bitcoin itself has a $52 billion dollar market cap right now post fork not only because it survived the challenge and may soon implement Segwit, but because it will be one of the best chains from which to fork new projects. There is no need to take sides from this perspective. Just sell the token you don't like and use the gain to buy more that you do like. OTOH, it's perfectly fine to like and hold both just like it was once okay to use more than one web site. [post edited: BCash to the more neutral BCH ] |
You made me giggle. Market cap is a measure already debatable for Bitcoin, but for a currency for which most of the holders aren't yet able to sell, it's completely meaningless. As a matter of fact I made already 150% return by shorting it. I plan to make even more as people are slowly able to unload their BCH.