Bitcoin Cash - Where There's Smoke, There's Fire
The reality of the situation is right now that just about everyone has their eyes on Bitcoin Legacy.
Well, it’s Bitcoin, and despite being parasitically taken over and having its innards replaced by Segwit while genuine community adoption has remained stagnant and even fallen, the price continues to rise, and really, between that and first-to-market-name-recognition, that’s all that matters.
But as you can see, despite the fact that Bitcoin has appreciated from a January 1, 2017 opening price of $958 to a current price of $11,150, number of total transactions per day has not increased in step, and actually has increased very little.
Meanwhile, Bitcoin Cash daily transactions continue to grow, having bottomed at a number more than double that prior to November 1.
One thing is for sure. Everyone is going crazy about Bitcoin Futures on the CME later in the month, but things have been surprisingly quiet about today’s announcement that CME’s competitor, CBOE, is considering both Bitcoin Cash and Ethereum Futures.
Paraphrasing Cboe President Chris Concannon:
“the exchange thinks a family of cryptocurrency products, including futures for ether and bitcoin cash, could come to fruition as the market continues to mature.”
That’s kind of a big deal, to say the least. For the detractors to Bitcoin Cash, you really have to ask yourselves at this point if CBOE is going to consider listing, ever, a “Korean pump and dump” altcoin.
As I’ve said before, Bitcoin Cash is #3 in market cap and trade volume. A pump and dump does not and cannot sustain that.
More research after the paywall, along with some more down-to-Earth conclusions about what Operation Dragonslayer is all about.
Thank you all very much for your generosity and kind words. I hope you find commensurate value to these posts.
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