Hi guys,
Seems BCH is going down fast. Is this the moment were BCH is going to bleed death?
Will the downtrent turn or continue?
Please let me know what you think
Seems BCH is going down fast. Is this the moment were BCH is going to bleed death?
Will the downtrent turn or continue?
Please let me know what you think
It's quite normal considering the fact that BCH and BTC usually has an inverse relationship.
The fact that bitcoin has went up so much over the past few days means that BCH will crash - since people who invest in bitcoin usually do not have an investment in BCH, and people that have an investment in BCH usually have very little investment in BTC.
In the long term i really see no value coming out of BCH but in the short term, there could be a price rebound.