Post
Topic
Board Speculation
Re: effect of BCH in BTC price
by
figmentofmyass
on 11/11/2017, 23:14:15 UTC
1) Do you think Roger Ver  with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

roger's publicly identified coins weren't moving at BCH's lows (per greg maxwell). i'd love to see an update now. he wasn't willing to sell his BTC for BCH when it was bearish, so i wonder if a 4x from the lows is really good enough for him. if you follow the mystery BCH miner's coinbase transactions, they haven't moved anything either.

for both roger ver and jihan wu, this is looking like a long term play. i'm guessing both of them are smart enough not to put all their eggs in one basket. they are both sitting on massive amounts of both BTC and BCH. they don't need to take risks like that.

2) Do you think this crash normal (7,800$ to 6,200$) or intended Huh

there was sort of a blow off top after the segwit2x cancellation news. that usually leads to a sell off. a lot of good analysts were expecting a drop to $5k before the news even came out. the BCH rush may have added to it (people selling BTC to buy BCH) but i think it was mostly just typical supply and demand and TA at play.