Here is my forecast of the BCH/BTC pair based purely on EW. Quick and dirty, but show the most probable direction and path. Bitcoin Cash is probably valued at $10,000 soon!
Comments are highly appreciated, and if you profit from this chart or like my work please upvote, resteem and follow me!
These charts are done at Hitbtc exchange.
oh, this fork. this dirty dirty fork... i hope this is not going to happen ;)
a lot of people would lose trust in bitcoin when a copy of it grows this big
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The cause of BTC's decline is not Bitcoin Cash. The BTC failures as money are the result of poor economic decisions made by Bitcoin Core (which considers it "digital gold"). That BCH grows in adoption and price (as long as it does) as a result of its qualities (which better meet the needs of the market) is not bad for the ecosystem. Maybe that affects BTC (especially if the price gap closes much more), but that is part of the market process.
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I think Bitcoin will hurt a little but recover its trust as lots of innovative use will come with LN.
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