THE ABOLITION OF SEGWIT2X LED TO THE RISE OF BITCOIN CASH IN THE MIDDLE OF THE CRYPTO-CURRENCY SLAUGHTERHOUSE

Market observers expected that after the cancellation of the Segwit2x's hard- core , Algonquins would run hot money from Bitcoin. Instead, it looks like the entire alt-coy market has collapsed with the original Bitcoin, while Bitcoin Cash is flying up - at the time of its release its price is $ 1,650

BITCOIN PULLED THE CRYPTO MARKET TO THE BOTTOM
The adherents of the Altkoins were cruelly mistaken if they thought that the cancellation of the November hardfoot Segwit2x should lead to a rise in prices for alternative crypto-currencies. The collapse of Bitcoin's cost (minus $ 2,300 for the last three days) was accompanied by a drop in prices and the majority of altcoyins. Over the past 24 hours, out of the top 40, only Bitcoin Cash, Ethereum Classic and Dash have seen growth in market capitalization.

LARGE BLOCKS AGAINST SMALL BLOCKS
The Bitcoin community section was evident long before the offshoot of Bitcoin Cash and the concept of Segwit2x. The community was divided due to the problem of the size of the transaction block into two main groups:

• Those who believe in the need for small blocks for decentralization
• Those who believe Bitcoin needs bigger blocks to expand

The second group also split between the Bitcoin and Bitcoin Cash camps. The first pinned hopes on the introduction of Segwit2x and the increase in the block size to 2MB. With the collapse of Segwit2x, the Bitcoin Cash side increased, and the price increased.

Winnie Linam wrote on Twitter about a possible "resettlement":

"While it's too early to say, but @adam3us and @eric_lombrozo did recommend going to Bitcoin Cash for people who did not support the second expansion. It seems that now it happens ... "

FROM ZERO TO $ 16 BILLION IN THREE MONTHS
Bitcoin Cash was created on August 1, and in three months its market capitalization increased to $ 16 billion. At the moment Bitcoin Cash costs more Twitter - the latter has a value of $ 15 billion. After an initial setback, Bitcoin Cash quickly recovered from the better, that now it was he unites those who want to scale Bitcoin with the help of large blocks. Supporters of Ethereum expected that the new crypto currency will outperform Bitcoin in market capitalization (the so-called "flipping"), but now they should be concerned about whether Bitcoin Cash Ethereum will overtake.

A source