Today's Hard|Forum Post
Today's Hard|Forum Post

Monday November 13, 2017

Bitcoin Rival Doubles in Price in Four Days as Bitcoin Price Slumps

One bitcoin is now worth less than $5,900, down 25 percent from Wednesday's high above $7,800. Meanwhile, the currency of a rival, spinoff network called Bitcoin Cash, has doubled to more than $1,500 over the same four-day period. Does this mean that Bitcoin is going to start fading away in favor of Bitcoin Cash? I guess only time will tell us what the end game of Bitcoin is going to be. Speak up crypto-currency fans and enlighten me on what's happening.

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Right now, Bitcoin Cash is still the underdog, as the value of conventional bitcoins is about four times the value of "cash" bitcoins. But supporters are betting that this will change as demand for both networks continues to grow. The Bitcoin Cash network has greater capacity now, and it has a community that is committed to expand the network further as needed.