Quote from: mjglqw on August 08, 2017, 03:13:27 AM

Quote from: digitalcontent on August 08, 2017, 01:24:04 AM

Ari Paul, CIO of BlockTower Capital, attributed the gains to a relief rally after a relatively uneventful split, as well as new investors buying bitcoin.

LOL. Spot on. I don't know why, but for some reason people were expecting some sort of "boom" during or after the split, like in the movies or something. Cheesy

To be honest though, just like alot of people here, I was also expecting a dump. Atleast a slight dump, but no. The price didn't even bulge and stayed at the $2700 range.

I figured that if the split were significant (in terms of actual economic activity and hash power), that it would take time to be priced into the markets. Weeks and months, not hours. The initial price discovery for Bcash is taking place on very thin liquidity. And maybe it will only get worse; there could be no true demand at all. Or, we could see accumulation take place over time.

Everyone thinks that a specific date (like August 1st or August 8th) is enough to move the markets based on sheer expectations. Markets aren't that efficient, though. Demand can take time to be accurately reflected.