The reasons for the seesaw price of Bitcoin and Bitcoin Cash

I got into crypto currencies and the concept of the blockchain and public ledger because of what it meant for mankind. I did not think of getting in on this market for making quick profits. I have always thought long term and why the current global banking system needs to go. With that being said, Bitcoin's pricing has had a seesaw effect ever since BCH forked earlier this month.

Bitcoin (BTC) and Bitcoin Cash (BCH) seems to be experiencing what is called Chain Hopping. The mining of BCH has adjustable difficulty levels. Miners may find it profitable one week or two to mine BCH than the difficulty changes and the profitability drops. They mine something else, like going back to BTC until BCH changes the difficulty to being easier and then they are back mining it again. This reminds me of trying to fish in a small boat in a choppy sea.

After a while you could get sea sick. I am not sure if this chain hopping is here to stay or a phenomenon that happens when new coins come into being.

There are only so many large miners of BTC and BCH. Since miners have expenses and overhead they need to stay profitable. They go where the money is easiest to obtain. It looks like this "Chain hopping" will continue for a while. Perhaps the "chain hopping" will diminish once one of the Bitcoins becomes the clear dominate. If there is no clear dominate Bitcoin chain, than this will continue. I would hate to think what would happen if a 3rd Bitcoin (Bitcoin 2X) forks in November.

Speculation has it that, if there is a 3rd Bitcoin 2X in November, this would hurt BCH. The mining pool would be stretched thin and BCH and Bitcoin 2X would have a harder time in competing with the miners attention over mining the original BTC. With 3 versions of Bitcoin the most popular and most profitable one to mine, at that juncture, would most likely be BTC (the original).