With all the recent news about bitcoin hard forks I thought it’d be a good time to look at the last hard fork, Bitcoin Cash (BCH).
As you can see from the coinmarketcap top five below, Bitcoin Cash now ranks fourth. It has spent most of the time since the fork ranked third. And at a price of $320 it’s at its lowest price since the hard fork happened.
At its highest price BCH traded over $900. If you were able to sell then, kudos to you. BTC traded around $2,700 prior to the hard fork, so selling BCH at $900 is like a 33% dividend. That makes BTC a very productive asset!
Of course if you’re measuring in BTC the dividend wasn’t quite as big. By the time BCH traded at $900, BTC was trading at $4,100. Still though, that’s a 22% dividend.
According to the experts the winning “bitcoin” will be the one that gets the most hashing power.
In that case BTC is winning hands down. See the graph below.
I’ve always just held my BCH. I consider it a free hedge and a bet on Roger Ver and Jihan Wu.
But of course now Roger seems to be supporting B2X as well. And it has me thinking maybe I should sell the BCH.
What do you think I should do?
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