It seems odd to me that while BCH has had it's moonshot over the last 48 hours, not only has Bitcoin taken a 25% hit, but many of the alts are also being pummeled. And even as I write BCH is making another run towards $1500, while overall market cap has again slid below 200 billion, with BCH having a 24 hr volume GREATER than Bitcoin. Anyone else of the opinion this probably the result BCH not only sucking a huge volume, but also pulling profits into fiat in not insignificant numbers?
i know its crazy and i have been tracking it from yesterday and bitcoin cash has surged over 50%... Will bitcoin cash go beyond bitcoin?
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I don't know ... the fork that never was seems to be much more of market influence than the actual Aug 1 fork. I think in the end Bitcoin is going to emerge not as a currency, but more like something I would call a world cryptocurrency vault, some refer to it as a store of value, with BTC like gold. Then coins like BCH Litecoin Dash, Monero, etc and a host of other solid concept coins/token with good companies will also propel the alts over the next year.
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.... regarding price, whether BCH comes into parity or surpasses BTC, remains to be seen. But on that note, Wall Street is poised to get into crypto futures, I think late this month, or early next and from what I understand it's bitcoin they have the greatest interest in ... so the plot thickens ... :-)
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CME announced the bitcoin futures couple of weeks ago and i think this hype boosted its price from $6800 to $7800... and they were planning to start by the end of this year if im not wrong... this price fall of bitcoin will definitely scare the investors so not sure if CME will go ahead with their plan...
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maybe so, but I was also considering that parties favorable to the deal are doing a shakeout to drop the price and root out the weak hands, then get in rock bottom?
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