Post
Topic
Board Press
Re: [2017-11-11] Bitcoin Hovers at $6,300 as Bitcoin Cash Soars, and Bitcoin Classic
by
veleten
on 12/11/2017, 15:23:13 UTC
Bitcoin cash goes crazy now, over 25% of bitcoin's value. This is incredible...

That is not incredible, that is insane. BCH is just a fan based coin unlike BTC which have a lot of supporters. BCH price is just increasing because of the whales who supported it's fork before. It may have a good increase on it's price right now but it will definitely go down once those whales abandon that coin. Don't get fooled.

nothing crazy or insane here:
when the major ASICs vendor announces that his batch will be only sold for bitcoin cash
it is only expected the price to break the roof,monopoly at its best
if you want to mine bitcoins or bitcoin cash-get bitcoin cash to buy the things you can mine with
create artificial demand and then improve the difficulty recalculation-and here is the recipy for the current price boom of BCH
besides the Segwit2x debacle doesn't add too much of the certainty and the capital moves to the safer and more profitable haven which is bitcoin cash at the moment