The Flippening - BTC- BCC
Following my post of yesterday BCH is rising...
The meaning
The Flippening” is a hypothetical event where a majority of Bitcoin’s economic and hashing power suddenly “flips” to mine Bitcoin Cash instead. Bitcoin (as we know it now) grinds to a dead halt, or switches to a new POW algorithm to keep going.
Coinbase Add
Coinbase adds Bitcoin Cash on Coinbase and Gdax, following the announcement on twitter of the company, Bitcoin Cash’s price jumped to over $3,000 and Bitcoin price began to decrease.
At the press time was trading at $17,000, having dropped from $19,000 and now is around $16,300, you can see the BCH graph below.
My Opinion
It's not a flippening yet, because it's still more profitable to mine bitcoin than bitcoin cash(Dari ratio) even if the fees are much higher. The hashrate power is still much more higher than to the BCH hshpwr.
My tip
For all the traders who want to exchange Bitcoin for BCH, it seems that Bitcoin and Bicash have found a new plateau around $16,300 and $3300. Unless you have a huge amount of BTC think considerably
steady,,friend,,,vote me mrazi..okay..thank you..
The main bitcoin network will simply retarget (yes, it will take a few MONTHS) and smaller miners could mine bitcoins, and everything will go back to life.
I just don't see BCH over taking BTC. I just haven't read or watched any convincing evidence that it will. I've been wrong before.