4 REASONS WHY BITCOIN CLASSIC MIGHT BE A GOOD INVESTMENT (Part 1)
The existence of Bitcoin Classic has caused a lot of controversy in the crypto community. What started off as a simple hard fork to bail-out DAO investors, turned into a split of the Bitcoin network into 2 chains. Latest news on social trade
The competition between both chains is fierce and the markets have turned into a battleground. Both coins dominate liquidity amongst altcoins and tend to have an inverse correlation with each other.
As a trader it’s my personal opinion that ETC may have more upside potential because its market capitalization is lower and the industry is growing rapidly, top 10 bitcoin mining company
Here are my reasons why ETC may be a good investment.
#1: RESILIENCE
Bitcoin Classic started off as a small idea and quickly grew into a beast once Poloniex listed the coin. This new market created outrage amongst many who had supported the fork, which lead to a series of attacks against it, Bitcoin Mining Comapny
During the first couple of days people saw ETC as an opportunity to get free money and attempts were made to crash the price into oblivion. Despite the efforts of people dumping at the bottom, the price rebounded and gained close to 500% on the third day. Eventually ETC trading volume surpassed that of ETH as traders saw the opportunity to turn a profit., Mining Hub
One of the largest Bitcoin miners, Chandler Guo threatened a 51% attack Latest News on Social trade against Bitcoin Classic. To everyone’s surprise, rather than carrying out the attack, Chandler had a change of heart and became an avid defender of ETC. He contributed 120GH to protect Classic from a coordinated mining attack by mininghub.io
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