Re: The Rise of Bitcoin Cash
I been following it since it forked
IMO its getting pumped currently by large holders and they are currently exiting their earlier investment. I'll be dumping half of my BCH pretty soon.
Friday/Saturday were days that made BCH more profitable to mine due to the decrease in difficulty. I'm not following it that closely but the volume shot up to 4 Billion... That's some strong manipulation.
My guess is money is flowing from BTC -> BCH which explains the swing in price. Once it starts crashing you'll see the money moving back into BTC, and my guess is we will see 5K BTC pretty shortly.
But I could be totally wrong, who knows |