Post
Topic
Board Altcoin Discussion
Re: BitcoinCash is dead
by
Solutionbenedicts
on 09/08/2017, 04:56:36 UTC
The present status of BCH looks superficially strong being in the top 5 currency in the market cap.. Number 4 on bitfinex, one of the very few exchanges offering a market to this crypto coin.
But the fact being its extremely low liquidity due to users outside the exchanges unable to access to it makes it a herculean task to sell.
So essentially, people are in a wait to get access to their bch amounts and dispose it away as its estimated to be overvalued...
This doesn't makes it so worthless either, just like the example of ethereum classic after the fork, it had risen from $1 to approx. $15 per ETC.. But still is in the hindsight compared to ethereum..