Re: effect of BCH in BTC price

Quote from: Quietman on November 15, 2017, 10:21:59 AM

Quote from: hugeblack on November 11, 2017, 08:37:09 PM

1) Do you think Roger Ver with his support to BCH will Kick bitcoin price and replace it with BCH or bitcoin will survive ?

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

1. Though Roger Ver supported BCH does not necessarily mean it will replace bitcoin. There are far more support on bitcoin rather tha BCH. It may hit bitcoin a little bitcoin leaving a very light impact but it wont stop bitcoin from going up. If there is a dump there is probably a pump!

2. Some speculates that it is the Whales that makes the price of bitcoin goes down. This could be true. Sometimes the dump in price is being manipulated to have confusion and panic to other holders.

I am never afraid of the dump. On the contrary I like it. There is a pattern. After the dump is always included pump. Without this dump does not make sense. I think that now the dump stopped, and after a period of relative stability, the price will go up. Altcoins will never be able to replace bitcoin because without it they cannot exist. This is the law of the market.