It has been really fascinating listening to all the arguments against and for Bitcoin Cash. I have tried to listen to both sides. The environment has been certainly very toxic. I think both parties handled the situation very poorly and immaturely. What i found most fascinating was the herd mentality, watching how the narrative changed from FUD to making a joke of Bitcoin Cash. Personally I wouldn't go as far as saying they are a joke for the simple reason that i fail to understand any business would put themselves at such risk. I wouldn't be surprised if there were more surprises in store. Then again I am not a millionaire, i wouldn't why anyone would waste their hard earned millions in a gamble like this.
Like most of Bitcoiners I was shocked by the surprise move by viaBTC. While we were all still digesting the the fact that a hard fork is certain on the 1st August, posts of excitement for "free BCH"started appeared all over social media. The herd started buying up on BTC in the hope of getting "free" BCH and dumping the coin after the fork. In the true nature of a heard, there is not thinking involved in any shape or form. Is the BCH really free? Nothing is free in the crypto space. I foresee many those who bought because they enticed by the prospect making a quick buck being burned. This whole idea of getting "free" BCH assumes the price of BTC will remain the same. Will it? Where will that BCH capital come from, if it doesnt come from BTC? Maybe people know something I don't know. No one knows but I wish there was more responsible reporting but some influential Bitcoiners.
Its going to be a very interesting couple of month as we still have another possible hard-fork November. In the long run I know(hope) Bitcoin will win. I will be treading very carefully for the next few months and leave the gambling to the herd.
