{"id":110882,"date":"2017-08-14T09:50:13","date_gmt":"2017-08-14T13:50:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=110882"},"modified":"2017-08-14T07:10:53","modified_gmt":"2017-08-14T11:10:53","slug":"bitcoin-cash-smash-hit-or-trash-it","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/bitcoin-cash-smash-hit-or-trash-it\/","title":{"rendered":"Bitcoin Cash: Smash Hit or Trash It?"},"content":{"rendered":"
August 14, 2017<\/div>
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By WallStreetDaily.com<\/u><\/a> \"Bitcoin<\/p>\n

\"LouisAs you know, I\u2019m presently hyperbullish on cryptocurrencies.<\/p>\n

Especially a few that are trading for pennies on the dollar.<\/p>\n

As such, I truly hope your portfolio has a 10% allocation to cryptocurrencies.<\/p>\n

If you don\u2019t own any alt-coins yet, you\u2019re costing yourself thousands. Perhaps even more!<\/p>\n

(Before buying a single alt-coin, click here<\/a><\/u><\/b>.)<\/p>

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For those ready to dive in, you\u2019re probably wondering\u2026<\/p>\n

\u201cShould I buy Bitcoin or Bitcoin Cash?\u201d<\/p>\n

Great question!<\/p>\n

Here\u2019s the quick backstory\u2026<\/p>\n

After three years of cutthroat infighting, on Aug. 1, a consortium of Bitcoin miners voted to split the blockchain into two.<\/p>\n

The \u201chard fork\u201d immediately spawned Bitcoin Cash, which processes transactions faster than Bitcoin.<\/p>\n

With a market capitalization of $5.3 billion, Bitcoin Cash is suddenly the fourth-largest crypto in existence. (Behind Bitcoin, Ethereum and Ripple.)<\/p>\n

I believe Bitcoin Cash\u2019s speed advantage holds intrinsic value. CNBC had this to say:<\/p>\n

Bitcoin transactions, grouped into \u201cblocks,\u201d have always taken on average 10 minutes each to process. But as the virtual currency\u2019s popularity has grown, used for everything from buying pizza to anonymously buying illegal drugs on online black markets, the transaction network has started to get bogged down.<\/i><\/p><\/blockquote>\n

With a 1 MB block size limit, Bitcoin can only process seven transactions per second.<\/p>\n

Meanwhile, Visa\u2019s network can handle 56,000 transactions per second.<\/p>\n

Bitcoin Cash aims to close that gap.<\/p>\n

In every other respect, Bitcoin Cash is the same as Bitcoin.<\/p>\n

Since money loves speed, I\u2019m declaring Bitcoin Cash a \u201csmash hit.\u201d<\/p>\n

It\u2019s worth noting that traditional fiat currencies are also disruptors.<\/p>\n

For example, the euro rebound is wildly moving certain stocks.<\/p>\n

I asked my senior analyst, Martin Hutchinson, to unpack the sneaky effects that fiat currencies can have on shares of multinationals.<\/p>\n

Hutch\u2019s full analysis is below.<\/p>\n

Ahead of the tape,<\/p>\n

Louis Basenese
\nChief Investment Strategist, Wall Street Daily<\/em><\/a><\/p>\n

P.S.<\/strong> Speaking of \u201csmash hits,\u201d a brand-new cryptocurrency is quietly about to launch. The prospects here are wildly bullish. For my full report on this upcoming ICO, click here<\/a><\/u><\/b>.<\/p>\n