קיין פלעקסינג פֿאַר ביטקאָין קאַש יוזערז ווייַל BCH פארלירט 98% קעגן ביטקאָין

ביטקאָין (בטק) has hit new record highs this week — not in U.S. dollar terms, but against its longtime competitor, Bitcoin Cash (BCH).

דאַטן פון קאָינטעלעגראַף מאַרקעץ פּראָ און TradingView confirms that on June 29, BCH/BTC officially set its lowest ever price.

CoinFLEX debacle ensnares BCH supporter Ver

Bitcoin Cash, also known as “Bcash” by those critical of the coin’s ethos and future, gained notoriety in 2017 when it became the first major שווער גאָפּל of the Bitcoin network to take on BTC, itself.

Months after launching, the altcoin hit highs of around 0.43 BTC per token, this proving something of a fakeout for investors who have spent the intervening period watching its value steadily decline.

Arguably the most vocal BCH supporter, entrepreneur Roger Ver has nonetheless continued to tout its supremacy over Bitcoin, with price woes having little impact on his rhetoric.

This month, however, Ver גערירט מחלוקת ווען reports emerged that he owed $47 million in stablecoin USD Coin (וסד) to crypto investment platform CoinFLEX.

Ver denies the claims, with a social media storm ensuing, which is ongoing this week. Regardless of the outcome, its impact on BCH has been palpable. On June 29, BCH/BTC fell to new all-time lows of just 0.005 — 98.83% below its 2017 peak.

The event was not lost on commentators, many of whom remembered Ver’s ינסיסטאַנס that BCH would rise to replace BTC altogether.

$ BCH now lower than it was in the winter of 2018-2019.

- Alex Krüger (@krugermacro) יוני קסנומקס, קסנומקס

How it started vs. How it’s going:

(Roger Ver / BCH edition) pic.twitter.com/kNcRjsujhU

- KALEO (@CryptoKaleo) יוני קסנומקס, קסנומקס

Even Bitcoin SV outperforms BCH

For another vehement anti-Bitcoin spin-off, the situation is barely any better.

פֿאַרבונדענע: Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’

ביטקאָין סוו (BSV), the offspring of BCH, which ימערדזשד during community infighting, hit all-time lows of its own against BTC in May.

Since then, a modest rebound has occurred, taking BSV/BTC to 0.0016 BTC — a mere 94.48% below its all-time high of 0.029 BTC seen at the start of 2020.

On the plus side, BSV now buys more BCH than at any time since December of that year.

די מיינונגען און מיינונגען וואָס זענען אויסגעדריקט דאָ זענען בלויז די מחבר און טאָן ניט דאַווקע פאַרטראַכטן די קוקן פון Cointelegraph.com. יעדער ינוועסמאַנט און טריידינג מאַך ינוואַלווז ריזיקירן, איר זאָל דורכפירן דיין אייגענע פאָרשונג ווען איר מאַכן אַ באַשלוס.