Bitcoin Cash Is About To Be Hit Hard
Full disclosure: I own significantly more BCH than BTC at the moment. I believe in BCH as being the superior coin but that does not mean that my writings will be biased towards BCH in any way, shape or form. My posts are an unbiased technical analysis. You are more than welcome to draw your conclusions on what you think
Before I begin, I would like for you all to know that I have been writing about conspiracy theories for quite some time and they are all backed up with evidence.
With the rise in bitcoin fees lately, people have been realizing that the "father of all cryptocurrencies" is failing at an exponential rate. Bitcoin has developed a new term for it's use, i.e, "a store of value." People claim that the lightning network will fix all these issues but is that really the case? I won't be talking about the Pros and cons of the lightning network here. I will however explain the illusion of high fees on the bitcoin network. The fees haven't increased that much. We just perceive it as such.
What if I told you that the increase in these fees is deliberate and not by the opponents of bitcoin (as many bitcoin "Hodlers" claim) but rather by the singular entity (blockstream) that runs it? What if I told you that there is a method at play here to damage BCH in the short term? What if I told you that there is no attack on bitcoin at the moment but rather this jack up in fees is being done purposely by the supporters of bitcoin? What if I told you that when these bitcoin holders scream "FOUL PLAY!!" at the major players of bitcoin cash, they're just killing 2 birds with 1 stone with their smear campaign and their reasons for this are very different?
Behind the pay wall you will find an in depth analysis on why I believe that the major bitcoin players are the ones that are behind the price hike in fees. You will also find my opinions on what I believe the short term and long term futures of both cryptos (BTC and BCH) will be. My post will be broken into 3 parts behind this paywall for easier reading:
Part 1 - The Price Of Bitcoin And High Fees
Part 2 - The Conspiracy To Damage BCH
Part 3 - What Does The Future Hold
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