/biz/ - Business & Finance

>>57577102
And no, BTC as savings and BCH as checking is not happening.
BCH can support the entire range of transactions from $0.01 up to millions of dollars at low fees, while BTC can only support a limited range of transactions starting at $100+ due to fees being regularly $5+ (5% of $100, this is Visa levels of usury).
BCH is useful both to spend (any size) and save, while BTC is only useful to spend (moderate - large transactions) and save (moderate - large amounts).
Therefore, individuals that balance their accounts between BTC and BCH will increasingly find that they have no need for BTC and transferring between it and BCH is an expensive hassle that adds no extra utility compared to just holding and spending everything in BCH.

The Mt. Gox liquidation will be bullish for BCH.

140,000 BTC and 140,000 BCH were recovered from the Mt. Gox breach in 2014. Those users that lost coins in the breach were OG Bitcoiners, investing in Bitcoin: A Peer to Peer Electronic Cash System, the title of the famous whitepaper.

It is more likely that these OGs are partial to BCH over BTC, as it is a functional p2p cash system like what they were buying in 2014, while BTC is... something else.

Therefore, analysts believe this event will be a bullish catalyst for BCH, as only 725 of the 140,000 BTC being distributed need to be converted to BCH to absorb the market capitalization of BCH being returned to Mt. Gox investors.

>Verification not needed.