Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
by
bones261
on 16/10/2017, 23:05:34 UTC
I agree with the distribution phase idea, and wonder what the low price point will be when it's done...

Although the price is important, you actually have to look at the possible mindset of any holders who are not exactly staunch Bitcoin Cash supporters. Bitcoin Cash may see a slight rally coming up, as the impending Segwit2x fork draws closer. However, many may simply chose to get a hedge on this expected event by converting their BTC to fiat or other alts, so the rally may be tiny. Once the Segwit2x fork drama is in play, if it is not going well for the other chains, expect this rally to continue, and this will probably be a good time to consider accumulating. However, if it appear the fork is going well for either new forks, expect a dump of BCH. Many people have decided to HODL the original BCH that they received as a hedge for this upcoming fork. Once they feel they have the "all clear" signals after the fork, they are liable to feel they no longer need the hedge and dump. The other dumping phase will begin after Coinbase distribute the BCH to their users in January. After this all plays out for a couple of weeks, I think the accumulation phase for Bitcoin Cash will definitely have arrived.