Noob here. Can someone explain why BCH is going the opposite direction of BTC? arent they supposed to go the same direction?
The goal of BCH is to be p2p money for the world. BTC and its speculation driven valuation is completely irrelevant.
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You should go to read the BCH roadmap and you will understand it
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...BTC wants to be the speculators heaven, relays on ETFs being approved, so more speculators can get in the game...
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BTC has become a pure speculation coin. BCH has remained peer to peer electronic cash. More and more people realize this.
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BTC want to be store of value, medium of exchange and finally unit of account/global money. BCH is a clone that tries to hijack the brand.
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The BTC-BCH split happened because of what BCH community sees as hostile takeover of BTC (see
https://tinyurl.com/y5ultpbw ). Therefore, they are supposed to go in different directions
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ETF got delayed once more, BTC price goes down.
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...BCH's goal is to be currency, so more people can actually use it.
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Why same direction? They are different coins, with different goals...
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