Volatility-wise Bitcoin is no different. It went to 20k from 200 bucks, then went down to 3k and 10k again.
The main difference would be that bsv and bch may never recover from those low prices.
They probably will though if btc goes to another bull.
The main difference would be that bsv and bch may never recover from those low prices.
They probably will though if btc goes to another bull.
Now, I cannot agree with this.
First of all, if you count the rise from 200 to 20 thousand USD and back to 3 thousand it took a cycle of 4 years to happen, while BCH needed only 1 year (december 2017- december 2018) to drop from 3100 to 80 USD.
It never experienced a large pump just started high due to high expectations and a lot of advertising and kept going down ever since. It shows you how weak and worthless the coin is.
In another thread there's a compilation of losses each top 20 coin has experienced since ATH till now. BTC is one of the top losers with 95% lost value which is worse than XRP with its 93%.
It never experienced a big pump because bitcoin is in a bear market in the last 3 years. You are making a mistake by comparing BCH to BTC.
Of course, BCH has no power to drive the markets. Even ETH is limited in this regard. We don't know how BCH is going to response to a bull market yet.
In the last bull, all shitcoins went crazy. If we get to see a another BTC bull market, I expect the same thing again. My reasoning is, it is way harder to move bitcoin upwards or downwards because it is already a lot bigger than the rest but when the serious new money enters the space, those shitcoin without any mass will just fly to the moon. Even the most shittiest ones. The shittier it is, the better.
When the bull arrives, the shittiest of the shit coins will bring the most enormous profits, that's if you can get out in time before the collapse.
Not many can achieve this because it can always go higher and then... bam. Back to zero.