Is Bitcoin Cash The NEW Bitcoin? – The Market Seems To Think So!

Josh Sigurdson breaks down the recent rally of Bitcoin Cash (BCH) following the cancellation of Segwit2x.
Segwit2x was a Bitcoin fork pushed forward by the Digital Currency Group which who’s board of directors includes banker Larry Summers and Glenn Hutchins of The New York Federal Reserve. It was utterly rejected by Bitcoin users and was called off.
This was followed by a lot of confusion in the market. Bitcoin skyrocketed to about $7800 USD before falling down to about $7000. In the days after, Bitcoin kept falling like a rock and Bitcoin Cash begun skyrocketing. BCH is sitting around $1300 USD now, up more than 50% in less than a day as Bitcoin heads towards about $6000 USD.
If 1mb Bitcoin classic was the market’s choice, shouldn’t it have continued on up following the rejection of Segwit2x? One would think. Yet Bitcoin Cash seems to be rapidly rising to the task as the new kid on the “blockchain” looking to at some point overtake Bitcoin Classic.
Many of the top names in cryptocurrency are theorizing that Bitcoin Cash will simply become “Bitcoin” if it surpasses $2500 USD. The fundamentals are the same. Bitcoin Cash is a basic clone of the Bitcoin blockchain, however the block size is much bigger, transaction times and fees are lower and the market seems to be appreciating it more than ever.
Roger Ver said this on Twitter,
“If reality is contradicting your preconceived opinions then your premises are likely flawed. Study economics to understand why Bitcoin Cash will win wider adoption than 1MB Segwit Bitcoin shortly.”
Many including Jeff Berwick, Rick Falkvinge of the Pirate Party and Bobby Lee have had similar theories. Is it time to listen? Yes. Is it time to sell all of your Bitcoin Classic? No way! There’s still a lot of confusion. The market will adapt and if you pay attention you’ll know what to do.
This is a competing currency system on the free market. As we’ve always said, when something better comes along, we gotta move it on over!

We will continue to report on this massive development!

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson

Graphics by Bryan Foerster and Josh Sigurdson

Visit us at www.WorldAlternativeMedia.com

LIKE us on Facebook here:
https://www.facebook.com/LibertyShallPrevail/

Follow us on Twitter here:
https://twitter.com/WorldAltMedia

FIND US ON STEEMIT:
https://steemit.com/@joshsigurdson

BUY JOHN SNEISEN’S LATEST BOOK HERE:
Paperback
https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602
Kindle
https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1

DONATE HERE:
https://www.gofundme.com/w3e2es
Help keep independent media alive!

Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship!
https://www.patreon.com/user?u=2652072&ty=h&u=2652072

BITCOIN ADDRESS:
18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU

World Alternative Media
2017

“Find the truth, be the change!”

(790)

About The Author
-

30 Comments

  • Eddie
    Reply

    NO ONE IS BUYING BITCOIN CASH! ROGER VER IS PUMPING IT! COIN BASE IS HOLDING MOST OF BITCOIN CASH! THAT”S IS WHY THE PRICE IS UP! WHEN COINBASE RELEASE BITCOIN CASH!MOST PEOPLE ARE GOING TO SELL IT FOR BITCOIN! AND BITCOIN CASH WILL DROP IN PRICE! BUY THE DIP IN BITCOIN RIGHT NOW!

  • Vention1MGTOW
    Reply

    You haven’t a clue.
    Vercoin is a centralized tyranny that’s owned by Roger Veer, Jihad woo, and their handlers. It’s an attempt to fire the bitcoin core developers and seize control of software creation. The pump in Vercoin came from central banker money out of Korea. It’s clearly not a market driven event. Now just as they hoped, suckers are piling in. I’m staying far far away from it. The choice between Bitcoin and Vercoin is a choice between freedom and central bank driven tyranny.
    Oh and it appears big money is coming in to jam the bitcoin network again. They stopped doing it a month ago and the mempool fell as low as 2000 transactions and now it’s over 100k and fees have skyrocketed to over 20 dollars.
    If the central banks are to survive, bitcoin MUST die. They’ve been attacking bitcoin for years but the attacks have ramped up as bitcoin has become more popular.
    On the bright side I like what’s happening with my air dropped Bitcoin Gold. It’s increasing so dramatically that it’s cushioning the fall of my bitcoin holdings to some degree. If the central bankers to manage to turn bitcoin into a relic, bitcoin gold may be the best available alternative. SEGWIT and the lightning network can function on Bgold as well, and Bgold eliminates the Asic Cartel out of China from control over mining.

  • MegaHowtoMan
    Reply

    Horribly flawed video. Cash lacks the security and is not decentralized. Stop promoting this junk and support The original team which got us here from 2011.

  • Adam Kallin
    Reply

    I don’t believe this pump is in any way natural. Over 50% volume from Korean exchanges? Bitcoin backlog suddenly filling up super fast? I’ll be putting my money elsewhere.

  • Jaq Clark
    Reply

    Oh please. Bitcoin has served its purpose. Getting people used to a new global currency with the disguise of tech advanced. It’ll be replaced by the new real thing controlled by Globalists. Same old playbook, folks!!!

  • rickmalone270
    Reply

    Bitcoin seems to be suffering from the human equivalent of multiple personality disorder. This is what we are supposed to place our faith in? Decentralized or not, the only thing governments have to do is make it illegal to buy, sell, or transact in bitcoin or any other crypto currency for that matter. Game over and they will do it if they feel the cryptos are becoming a threat to the central banking or monetary system. Then there’s the prospect of tax evasion.

  • gipsytree
    Reply

    Btrash is centralized Roger China coin. It will die…WORLD CRYPTO NETWORK..IF u wanna get a good grasp of what’s going within BTC space.

  • Nikki
    Reply

    This is hilarious. Crypto currencies are a great idea and all but the only way central banking will ever be shut down is if everyone buys into crypto currencies and boycotts their banks immediately and all at once. Governments are too big and have too much of our money to be shut down over a period of time. It gives them the advantage to adapt and to come back and hit us hard. Like ricmalone270 said, all they have to to is make it illegal and bam, all that money people have invested is gone and put into the banksters pockets.

  • I'mJoe
    Reply

    This is severely pumped by a few actors, which is observable due to the high concentration of activity in Korea. Watch tomorrow when gains dump into alts, Bitcoin, and the newly released Bitcoin Gold.

  • Martin Winer
    Reply

    BCH is still brought to you by evil annoying people. They’re angry because they’re plan failed. They have serious money behind them and are pumping the Bitcoin Cash market to cause people to come to the conclusions you’re drawing.

  • portley777
    Reply

    You are buying into the manipulated hype. Which is what it is. Ver and his team are spamming the BTC network with millions of micro payments and telling the world, “See I told ya”, as it slows down. Of course these aren’t segwit payments. Ver is a nasty pretty boy pirate. Karma can be brutal sometimes.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>