Bitcoin Cash Is On The Rise !!!
Good Morning Fellow Steemians,
After the BCC hardfork bittrex rewarded it's users holding bitcoin with Bitcoin cash tokens but the actual trading hasn't started right after the hardfork it took some time until the first blocks were mined.
The first BCC price on bittrex was 0.003 BTC and with an incredible %7200 Gain it's now worth 0.227 BTC, most of the well known youtubers said they will be dumping BCC as soon as they get it but it doesn't seem to be dumping.
Even though the hashrate has dropped in the last two days but BCC might have a recovery soon in terms of both price and hashrate.
Don't Hesitate To Post Your Comments Below About What You Think Will Happen To BCC And Resteem This Post To Let Your Friends Know About The Latest BCC Changes :)
I assumed most people would dump it as soon as they could. The lack of dumping may be due to many people pulling BTC funds off of exchanges prior to the fork. These then have to be returned to the exchange in order to sell. As BCH currently has the same difficulty as BTC and a much lower hash rate, it is taking a long time to mine blocks, so it may be an issue to get funds back onto exchanges. In a few days when the block time for BCH has stabilised, we will be able to get a better idea of what is going on. I am in two minds as to what I should do but I think Ill wait it out for now.
Wise Choice My Friend, Patience Is The Key But Just To Avoid Any FOMO Step In The Market And Put Like $5 or $10 Something You Can Afford To Loose And It'll Make You Great Profit If BCC Doubles Or Triples In Value Which Is Pretty Normal At This Stage :p
@steemian69 got you a $2.0 @minnowbooster upgoat, nice! (Image: pixabay.com)
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