Re: Very Nice Bitcoin Cash Rally!!!!! Quote:
Originally Posted by empirestate
(Post 884131)
Don't hate because you aren't in it... | Do you really believe that collusion helps the crypto community? That's a perfect example of what will get .gov involved, its taking advantage of new investors with little to no knowledge of this technology and make people believe crypto's a scam. Remember, Coinbase alone gained 100,000 new users Nov. 2nd.
It proves two things.
#1. The mass majority of investors with little to no knowledge of the technology are easily persuaded and the market can easily be manipulated.
#2. Bitcoins block size and slower transactions are a good thing for a high value digital asset like Bitcoin. There would have been at least a quarter million more BTC transactions out of Bitcoin and those people would have lost money if the transactions didn't get jammed up and take more than 24hrs to process.
The reason bcash price is still double what it was is because of all the people that got stuck in the trade. When Coinbase releases 155k more coins it'll go down even further. Possibly back to where it was $600USD. There's a 99% chance it wont be going back up to $2,000+ this year.
However, I do believe it's possible that Bcash just might be a better option for small transactions if they can somehow get retail behind them like Bitcoin has. They were able to get higher market cap than ETH which is impressive.
Day trading is VERY HIGH RISK. I mine and HODL... There's a 99% chance I'll never catch a pump like that... I'd advise anyone against it unless you really know how to read charts and see markers. |