General Tone:
BCH is one of the strong cryptos with incredibly bullish momentum. I see missing subwaves to complete the official 5 waves before correction. Target is roughly $1,630 Range
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral
Long Term Target Prediction - By 2019, $6760 Range
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BTC: 357j3P2CuybfWh13V4uig9TJDJdqiR8CMx
NEO: AYBJHjrQFQij7kCmwun97PVEiRkRgFamMn
EOS: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
Ethereum: 0xc7a004b214db83bb05eee99f3d0e06ad02b858fc
LTC: LL7misJsxX8kDzjnbvxupetVykCP58B1ZD
Bitcoin Cash: 199rQASMB5zVe9nEWwG34n1jEL24bYxCFz
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 120086840
Nice call 👌
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Hi philakone,
How does the price movement of BTC affects Bitcoin Cash?
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I usually see a good 1/5th to 1/6th price of BTC.
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When BTC price moves up does the Bitcoin cash move up with it? So, you are saying, Bitcoin cash moves 1/5 of the price of BTC in the same direction?
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It does follow, but usually delayed for a bit. And no, Phil is saying in relation to btc price, and it is roughly only. So bch price atm is 1522 and multiplied by 6 - gives you 9.1k-ish . Could be useful to see if there is more rallies ahead for bch at certain times.
But I feel dirty every time I hold it.. it really is a dead end coin because of the centralization
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How is Bitcoin cash centralized?
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over 80% of the fullnodes are located in China, strongly insinuating that bitmain is running the show, aka centralized.
But that is just the nodes, which is of course vital. It can and is planned to be hardforked, which by definition makes it centralized.
I've noticed some stories circulating about ppl working in the bcash group abandoning ship due to criticism not being allowed, especially in relation to fake satoshi. There is too much to be critical of, in his case aswell as several others(like Ver.. ) so it makes sense that they demand obedience in that regard.
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Bitcoin Cash prophet!! <3 Great update. Have you seen the BCHBTC Chart? Bitcoin Cash will explode just like the last time.
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i hope so!
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@freedoms .... you lost respect when you wrote bitcoin core .... why do you guys have to change the name of bitcoin ? why are you guys so insecure !
repeat after me... bitcoin cash / bcash / bch - is alt-coin .... bitcoin / btc is not alt-coin, its bitcoin :)
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thank you very much, watched my first youtube video of you today and laughed so hard i nearly crashed the car haha.
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buwahaha I'm really happy to hear you're having fun.
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Excellent content as usual Philakone. Thank you so much for helping the community! Upvoted and Resteemed!
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always upvote your content. great post as always!
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What a good explanation, thanks buddy!!!
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