It is clear that Segwit only made a new currency to be offered freely to owners of BITCOIN instead of a FORK

in bitcoin •  7 years ago 

If the owners of Bitcoin Cash (BCH) do not sell them off immediately there is no guarantee that the price will not continue to crash. It was $900 then $450, $300 and now $200 and who knows the next low price. Let us wait and see.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

BCH looks to be stable at $200. I think there is a good chance we will see another spike up soon, especially when the next Bitcoin sell off occurs!

When we look closely it seem clearer that the Competition is not really between BTC and BCH but between BCH and LiteCoin. If it happens to be stiff then other cryptocurrency may attempt to push BCH down further since BCH may not get the much needed support from BTC .