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BitcoinHoarder
2295d
What we need are more crypto exchanges with leveraged BCH pairs.
replied 2295d
What we need is BCH to be cash for the world. F*ck trading.
replied 2294d
Actually, you're both right.
BitcoinHoarder
replied 2295d
BTW, one more point, the number one use of cash/currency in the world is with trading pairs making up quadrillion dollar markets.
BitcoinHoarder
replied 2295d
3/3. This is why BTCs price holds up so well during bear markets.
replied 2294d
I call this a ponzi or pyramid scheme. BTC is not money, so what is it?
BitcoinHoarder
replied 2294d
If BCH takes over BTCs role for leveraged altcoin trading, BTCs value will collapse and be absorbed by BCH.
BitcoinHoarder
replied 2294d
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.
BitcoinHoarder
replied 2294d
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
BitcoinHoarder
replied 2295d
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
BitcoinHoarder
replied 2295d
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
replied 2294d
agreed but is dependent on adoption, what % of the users use it just the bch true believers, that pairing will light up though if merchants accept bch, majority users on bch needed