Post
Topic
Board Altcoin Discussion
Re: Bitcoin Cash Raising!
by
btcdevil
on 11/11/2017, 19:32:07 UTC
I am also wondering what is the force behind this sudden rise in price. It has been an awesome and massive profit taking for those who hold Bitcoincash. Good for them.

It's all quite transparent. You still don't know what is behind the quick rise in BCH exchange rates? Check this:

https://blockchain.info/unconfirmed-transactions

When was the last time we had more than 127,000 unconfirmed transactions in the queue?



A few months ago - September. The whole reason people were pushing for segwit2x was because of the mempool backlogs. The bitcoin core people don't care about it though. They want people to pay higher fees.

With the Bitcoin Cash's low fee, people will use it more.

More over Segwit2x is also now cancelled so all left is bitcoin cash and as it got success and their is reply protection of transaction is good. That is why now miners are moving to bitcoin cash blockchain for the transaction to confirm. So i think their will be a big competitive for bitcoin against bitcoin cash.