Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It's going to be a shitshow , in my personal opinion.
By launching BCH Bitmain have already fucked the NYA. Everyone else will slowly fall away.
By launching BCH Bitmain have increased their influence over the price of each chain as they can manipulate hashrate at will between them both. They've granted themselves a longer period of time in which to milk money out of the sha256 ecosystem and another mechanism with which to do so. Segwit 2x signalling remains above 90%, no sign of it falling away. Core have made their position on segwit2x very clear so I'm not sure why or how you think a negotiated agreement is possible at this point.
Manipulating hashrate doesn't do much to influence the price, I think it will accomplish the opposite of what they want because BCH's total hashrate is now about equal with BTC's total hashrate and their difficulty will adjust again today. After this difficulty change hashrate will all move back into BTC and BCH will be left with months of extremely slow blocks lol. Imagine what that will do to the price of BCH. Maybe they will fork again to change difficulty, that should be fun to watch.
