"Back to life
Back to reality
Back to the here and now."
Soul II Soul sang it in the late 80s - really, the late 80s! - and it rings rather true for Bitcoin Cash, BCH.
The Price Now?
$370.99 is a far cry from the highs of $700-plus of earlier today, and it means that the market cap is an easier pill to swallow.
Let's all take a deep breath.
In fact, there may be more dropping to come...
Yes, after yesterday's "airdrop" - which is like a corporate spinoff - lucky folks own BTC and BCH both, but we almost immediately had a liquidity problem. Folks couldn't find their coins in order to withdraw their coins to deposit them on an exchange and trade them.
Not fun if you're looking for a quick profit.
And we'll see people heading toward the safe haven of BTC
Bitcoin's price is around $2700 on Poloniex. And I still think we'll see $3000 soon.
The fact that Bitcoin Cash breached the $700 ceiling indicates that it'll be back there again. It has an unprecedented amount of early interest and support. It'll be a good thing for crypto and for Bitcoin, overall. I'll buy BCH on these pullbacks the same way I had been doing with BTC over the past 4 years.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You may well be right - I've seen folks say that BCH is more like what Satoshi wanted.
As with any of these - it's all about price targets, buying the failed dips, taking profits, blah blah blah. You get it.
Good luck out there.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit