BTC-BCH vs ETH-ETC, Did history just repeated itself?

in #bitcoin7 years ago

Did history just repeated itself on August 1, 2017?

Like Boincoin, we saw a similar split happened for Ethereum just a year ago.

Let us go back and look at the ETH and ETC split.

ETC-USD.png
ETH-USD.png

Now lets check the BTC and BCH split.

BCH-USD.png
BTC-USD.png

Surprising to see that in both cases, there is an initial "Pump and Dump" involved for the newly created coin.
But after that, nothing much happened for ETC, while ETH is comfortably traded at ~300$ today(August 14, 2017).

We all can observe similar trend today for BTC. After (surviving ?) UAHF, Bitcoin is going to the moon! It is traded an all time high at 4312$. Similar to ETH, traded at 14$ after a crash at 11$.

The dissimilarity between the 2 cases are, timing. While ETH continued to crash till ETC was rising, BTC recovered, before BTH pumped. Other than this, both cases had a lot of similarity as mentioned.

Now here is what I leave a though for you. After ETH, trading at 14$ max point last year, it is not trading at 300$. So what will happen to BTC after 1 year? If ETH rose 2000% within 1 year of split, what will be the BTC/USD value if it repeats ETH-ETC history once more?

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Interesting speculation. That would be quite a rise if it happened!

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