Excitement for the alternative currency seems to be fading...

The last time I remember Bitcoin Cash hanging around below $1 000 was way back, months ago, when they first launched an attack on Bitcoin, attempting to cause a so-called "flippening". Switching a large number of miners over to Bitcoin Cash, dumping a pile of Bitcoin, and pumping the Bitcoin Cash price, all in a matter of hours. It was the most dramatic pump-and-dump coordinated attack against Bitcoin that had ever happened.

Bitcoin Cash offered an alternative to the problems beset upon Bitcoin: high fees, slow transactions. It was presented as a better solution, using larger blocks instead of SegWit - a solution that Bitcoin Cash supporters feared diverged from the true intent of Bitcoin and led to the possibility of centralisation and corruption of the currency (never mind that Bitcoin Cash hashing power was, and is, far more centralised than Bitcoin).

Additionally, proponents of Bitcoin Cash claimed websites like bitcoin.com, posing as the "true" Bitcoin (the real website is bitcoin.org), yet at the same time, disparaging what they dubbed "Bitcoin Core". Video clips of Roger Ver, infuriated that anyone would disrespect the Bitcoin Cash name by abbreviating it to "BCash", while simultaneously dubbing Bitcoin as "Bitcoin Core" and confusing people into using the Bitcoin Cash wallet for Bitcoin (causing losses in funds), reeked of hypocrisy.

And now, it doesn't matter. Bitcoin Cash doesn't really matter. Not trying to poke the bear here (OK maybe I am, a little), but the problems that Bitcoin Cash attempted to solve regarding Bitcoin simply do not exist any more. With Lightning network implementation, not only will Bitcoin Cash no longer be a faster alternative, it will be a slower, more expensive alternative. It simply serves no unique purpose any more.

Expect the value and prominence of Bitcoin Cash to slowly fade away as Bitcoin dominance continues to recover. And if you have been away, it's time to move back to Bitcoin.

*This is not professional trading advice - it's just my opinion!

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image source:

https://topbrokers.com/cryptocurrency/bitcoin-cash-vs.-bitcoin-confrontation-forecast-in-2018