ok..lets go with $10k just for you....that still equals 50% drop for anyone who has bought in past week....how safe was their value?
But BCH will also face a correction at some point. Based on what I see from the charts at this time, it could go back down to somewhere around $1200. But it would be a while before that would happen. And based on its growth, that number could be a lot higher. The same goes for Bitcoin. We can speculate that it will go down to around 10k at some point, but that figure could change to something much higher. It's really all guesswork. Nobody really knows where it's going to go. We can only hope that both Bitcoin and BCH will continue to grow and make people money. There is no need to pin one against the other.
at the end it still leads back to this...
i dont believe in this store of value...i believe crypto gets its value from useability (the way btc did in its earlier yrs,merchants adoption+other things)
This "digital gold/store of value" meme has gone unchallenged long enough. As others have said, there is no such thing as a "pure" store of value. The closest thing to that historically has been gold, but gold has 101 reasons why it is in fact a valuable commodity. Gold is used in manufacturing and jewelry making, and it is not very reactive so it's hard to destroy accidentally by burning. It's also very dense, making it convenient to carry a large amount of value. Furthermore, it's malleable, allowing it to be split up into tiny pieces without losing much of it (it can be hammered to 1/50000th of an inch thick, etc.). Finally, it looks bright and shiny (don't underestimate human psychology).
None of these things can be said about BTC. It's just a global electronic ledger that nobody is sure how to value in relation to fiat money. Who developed it and why is not important, the question is "WHAT PURPOSE DOES IT SERVE"? For this we refer to Satoshi's whitepaper, which has absolutely no mention of second layers and/or Segwit. His paper says it's "peer to peer electronic cash". Which is what BCH is now, NOT BTC.
