It's apparent at this point in time that those who once believed that BCH would take over Bitcoin are currently having their convictions deeply tested. After all, it seems like every single day the valuation drops faster than any of the other cryptocurrencies on the top of the list. This morning I noticed Litecoin jump ahead, and I can't help but to think that capitulation is most definitely here.
It's no secret Charlie Lee has been a big critic of BCH from the very beginning, and if you were to browse through the twitter exchanges between Roger and Charlie, you would see remarks that surely fit the category of trolling.
One of the things that come to mind at this very moment is a particular "bet" if you can call it that, that Charlie made to Roger, where he basically said that he knew Litecoin will one day surpass Bitcoin Cash on the top charts, and that the flippening that Roger kept on calling for, that is BCH replacing BTC, would actually be a flappening, LTC over BCH.
Please do not quote me on the terms they used, they are not as important as the actual events, and of course it was just a trolly way of telling Roger his pet project would fail. Now, is this me saying BCH is going to zero? Not at all, I think it's going to bounce pretty soon, and it may even surpass LTC again. However, I'm pretty sure that Charlie is smiling this morning and I can't really blame him for doing so.
Bitcoin.com's Bills
In a recent Interview Roger was asked how he was keeping up with the bills for Bitcoin.com, the website and company that he owns. His answer was not very creative, and even though I do believe him, I don't think it's entirely true, or at least logic would suggest it should not be true.
I'm paraphrasing of course, but he said something along the lines of: "If one of my employees makes 5k USD a month, I simply pay him the equivalent in BCH to 5k for that time... Because we produce BCH, the bear market is not really a problem" - Well, it does not take an economist to see the flaw in the reasoning here, meaning, the surplus of BCH production would have to outpace the drop in valuation, which if not impossible, is quite unlikely.
Cheapies, Cheapos, and Cheaperinos
I'm short on funds and honestly that is the only reason why I'm not picking up more crypto at this very moment. Looking at the top coins on the list, it's literally impossible for me to not say to myself "this is just ridiculously cheap right now" Of course, this is not financial advice, I'm simply sharing my thoughts on the matter, but these prices are very tempting.
I will leave you all with a "fun" website, a website that will put all this in perspective. After you browser around tell me... Can the discounts be any better?
