In doing my research I came across numerous articles but one really stood out. It was the final nail in the coffin so to speak in why I have added a position of bitcoin cash in my core portfolio. Now where bitcoin goes from here is anyone's guess, and I'm not anti bitcoin , but when arguments are valid you must put emotions aside and think rationally, after all it's about Benjamins and not how you feel about a specific equity. Ok at first I thought it was an anti bitcoin conspiracy, but as I read I realized that many of the points were valid. Of course I'm not dumping bitcoin and sinking it into cash as bitcoin I believe is still the leader, and will be a store of wealth vs a core currency. Similar to gold vs fiat currencies. The article was titled "Bitcoin Cash: How it's going to Triple My Net Worth".
Three valid arguments were made in this article that hit a tune with me.
#1 - Bitcoin cash is faster and the fees are cheaper than bitcoin
#2 - Litecoin already implemented Segwit so why copy litecoin?
#3 - Large mining operations are dumping money into Bitcoin cash at a loss (ok this got my attention)
But then for peer to peer there is also DASH'
Well though many disagree I like Dash' and it is part of my core holdings as it has a working product and market penetration, However, unlike litecoin it is not available through coinbase so I own both.
So why add bitcoin cash when you have dash? Well another key point and the reason I own litecoin is coinbase is adding the long awaited bitcoin cash wallet. This means the average guy investing does not have to risk money on these dark exchanges. Yes you can buy directly and store it in their vault which is insured by Lloyd's of London. It also has name recognition ( bitcoin ) and anything that may go airy during the upcoming fork, or a divide among miners may have an impact to the positive for bitcoin cash as detailed in the article.
I also like the chart and feel safe entering a position here. $300 is very good and as bitcoin was dropping this morning bitcoin cash was rising. Now I do not play into the conspiracy theories of bitcoin being replaced by bitcoin cash or dash, but back in the day I didn't think anything would replace AOL' either, then along came yahoo and google .
Core Portfolio is being adjusted to the following: Now these actually vary as I have added to XRP recently, but as I add to my portfolio allocated amounts over time it will break down like this. I have this same principle in stock investing as well where I buy into positions I am adding to my core. (a little different there as several of my core holdings I no longer add to just because of their size at this point and the dividends do that for me)
ETH - 20%
DASH' - 10%
BCH' - 10%
XRP - 10%
Now really blew your mind again:)