Post
Topic
Board Altcoin Discussion
The Value and the Relationship between BTC and BCH
by
Bitcoin Guy
on 01/08/2017, 21:21:17 UTC
It looks like BCH is here to stay.  For now, it seems that the combined value of both BTC and BCH is, consistently, around $3000.  When BTC goes up by $50, BCH goes down by $50 and vice versa.  Not sure how long this relationship will last.  I do not mind for my exchange to sell off BCH now in exchange for more BTCs.

They said that Bitmain and Roger Ver were going to sell off their bitcoins and put the money into BCH after the fork and they are probably doing it right now.  That is why the price of BCH is sustaining at this moment.  Once they run out of the capital from selling bitcoins, the price of BCH will probably drop. 

If BCH made it and survived with a decent price, that would encourage more similiar Bitcoin split in the future - which is not a good thing in my humble opinion.