Forks a threat to Bitcoin as a safe Haven

Nov 16, 2018

The widespread sell off caused by the Bitcoin Cash hard fork could deliver even more market disruption. For those of us invested in the space the BCH drama has been disheartening not because the forks exist but because the Bitcoin community has allowed itself to be divided again and again by these forks and in doing so diluted the value of their belief in the Bitcoin model. Other communities such as Litecoin and Monero although plagued by the same types of forks have not allowed themselves to be divided, largely rejecting fork attempts. It is on this basis that I see specific alts taking market share from Bitcoin . Not all alts though just those that adhere to the same scarce, PoW model that Bitcoin was built on. For that reason I project a strong reversal and bullish trend for Monero and Litecoin. Both have also been making amazing advances for the field most notably Monero with its bulletproof implementation.

Scarcity is critical to Bitcoin becoming the long term store of value and safe haven of choice. Right now Gold is rising due to fears stoked by a breakdown in trade between China and the US and we are in a downtrend. The best long term store of value in such uncertain times needs to be scarce and private.

Thank you