What we need are more crypto exchanges with leveraged BCH pairs.
What we need is BCH to be cash for the world. F*ck trading.
Actually, you're both right.
BTW, one more point, the number one use of cash/currency in the world is with trading pairs making up quadrillion dollar markets.
3/3. This is why BTCs price holds up so well during bear markets.
I call this a ponzi or pyramid scheme. BTC is not money, so what is it?
If BCH takes over BTCs role for leveraged altcoin trading, BTCs value will collapse and be absorbed by BCH.
Consider like this. Leverage on the way up -> take profits in BTC at the top -> altcoins drop harder to unwind massive moves -> value deposits into BTC -> then fiat.
BTC is still money but doesn't work well as cash. But huge volumes of BTC are available on exchanges for traders to borrow to leverage with. I think this gives BTC its value
2/2 would protect BCH during bear cycles as traders unwind positions where BCH was in denominator. Unwinding a trade would require buying BCH and selling the altcoin
1/2 You’d have to use BCH as cash to have a trading pair with it like on Poloniex. I suspect altcoin trading makes up >75% of BTCs use. Having BCH as a denomination would protect
