Gold is considered to be a store of value. For decades, it hasn't really moved much. The market cap is $17 trillion, a lot of buyers and sellers at the same time. The market cap of crypto is 'only' $2 trillion, becoming more... So, what would it mean if btc couldn't climb the latter to $100k?! Isn't it being referred to as a store of value, by its supporters? If that is the case, investors shouldn't be sad at all if they buy at $60k, and sell it 5 years later for almost the same price (after inflation). That is the core meaning of a store of value (!) As we see by now, spikes to the upside are being sold, as people still prefer to make their profit in dollars! So, that said, btc could share the same faith that gold has... Growing in value very slowly (or even not at times). The core meaning of a store of value asset. Additionally to that, btc is the only real commodity chain. To have a chain like that adopted by the masses for payment (and so that they prefer to keep their money in btc, rather than selling it again for dollars), it should have low transaction cost. That is not the case. We will only see a succesful chain, when it covers both fields: Being a commodity (value) chain, and being very low in transaction fees (preferable no fees at all). Only alternative would be bitcoin cash at this very moment.
BTC Cash is the future. Bigger block sizes, which makes the costs a lot lower than with Bitcoin. I am staking up in BTC Cash. Let's see... These are the top coins that have the proof of work concept: Monero is another banger.... at least on the darknet, replacing BTC.
Dude, the market is the arbiter of truth. Bitcoin cash is down 97% vs bitcoin from when it originally forked in 2018. That is just a fact, not my opinion. Bitcoin cash is a joke (ok that one is my opinion).
Cheapest opportunity to get in. In long term, Bitcoin transactions are just too expensive for daily use. Compare those (BTC) transaction costs with BTC Cash transaction costs! Store of value wise you might be right. Bitcoin is the classic itself. But, in terms of daily usage? For sure not! Either one of the proof of stake chains, or proof of work. I bet pow, therefore I much rather go with Bitcoin cash (as a payment chain), than eth, sol etc. Those are more like art chains.
Daily usage I just expect Amazon to put out an Amazon coin that you just buy x amount of and go shopping. I mean they had that Kentucky fried chicken promotion lol, and they even had bitcoin atm's in our local beer and wine store back in 2021. Anyway, the new digital cash probably will be the method of choice because there can't be any incentive to hodl.
I was under the impression that the only people buying Bitcoin Cash were the same aging boomers that buy Ethereum-Classic by mistake because even CNBC couldn't get the terms right.
Point is, and @zerohedge is totally right with it, people want a proof of work chain (physical process). They simply do not trust proof of stake chains enough. Is there a reason for that? Who knows, maybe yes, maybe not. But, in the end they want a chain, that is accepted as commodity (just like btc is), but that has much lower transaction costs. And yes, btc cash would be more or less quite that technology: proof of work wide decentralization (although could do better) lower transaction fees than bitcoin. However, people nowadays use bitcoin as speculative vehicle; once it is no more (as gains are not as big), and the price starts more ranging than growing, they will look for alternatives. it is more than clear, that btc is not usually used for payment processes. it had its golden age in the darknet, but that is mostly over. People want to use a coin to pay with it, but which uses pow as well, and btc won't be that coin. maybe only for big transactions