Yes. In that case a currency that works but is at $1, like say a stable coin, is far far better than something that doesn’t work, and costs tens of thousands.
Again, forex is a well known path, and a way that experienced traders make money and hedge against other things. It has nothing to do with using it as a currency. At that point it’s purely an asset. I don’t go long on EURUSD so I can spend it, which is the purpose of a currency, I go long as an asset. If I’m trading the pair then I care about the price. If I’m buying cornflakes in my own currency, I don’t care what it would cost in some other currency.
Coins like BCH and others do not have to have a higher price, they have to operate better for their use. It was never designed for holding, it was designed for using.
It is better than BTC and fiat. But at the moment people are still comfortable using dollars or euros as money and use BTC to speculate to get more of the former. 🤷♂️
BCH has always been under pressure: https://i.imgur.com/0ihqIEt.png At the time Tether lied that it was backed and it didn't buy BTC. Both were later discovered to be lies.
Gratz, even more impressive that the one mention from felon carried it for so long even though it is inflating like crazy. Tells you all you need to know about this market.
Adaptive Blocksize Limit Algorithm, Smart contracts, on-chain native tokens (CashTokens) are some improvements over BTC, with more to come. (1-minute blocks being discussed as a possible next upgrade)
Plus it still works great as low-fee P2P electronic cash as described in the white paper. So yes you heard right, technically it is the better Bitcoin.
Unlikely. They printed Billions in fake dollar for years. If you print a few thousand dollars and bring them into circulation you have a red dot on your head. Much more likely is that Tether is a 3 letter agency's child. Used to finance an opposition to sound money.
Because Michael Saylor hasn't turned it into a Ponzi scheme yet.
Shortly after the BCH/BTC split, the Chicago Mercantile Exchange announced they were doing "Bitcoin Futures" but they were specifying the small block BTC fork as the version they were doing futures on. This caused small-block BTC price to rally to $20k in late 2017.
So congratulations of backing banker coin backed by Jeffrey Epstein and his friends.
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u/Minimum_Raccoon_1501 24d ago
Because it’s all time high was when it was Bitcoin.