Bitcoin Price Blows Pass $3,200 To Hit An All Time High | $4,000 Next?
Today is August 5, 2017 and Bitcoin has yet once again set an all time high above $3,000! In about 12 hours, Bitcoin’s price value has skyrocketed by over 10 percent and the hard forked currency Bitcoin Cash has seen its valuation crash by more than 30%. I have predicted this in a couple of my post, here are the links below:
https://steemit.com/bitcoin/@mardah.resonance/obviously-not-worried-about-bitcoin-cash-or
This is not Bitcoin Cash, it's Bitcoin Crash. That's the new name I'm giving this fake Bitcoin that thought it could surpass the original Bitcoin.
Sorry to the community of Bitcoin Cash but BCC/BCH will not last. I'm speculating to see the price of Bitcoin Cash tumble under $100, $50, $20 & until it is forgotten.
Bitcoin price is only going to go up and up, the HARD FORK had 0% effect towards damaging the value of Bitcoin. It's obvious to understand that the Market has rejecting Bitcoin Cash simply because Bitcoin already has a system in place that Bitcoin Cash never really had. Everybody that has Bitcoin Cash will are dumping them and buying more Bitcoins with their Bitcoin Cash. The fork is actually helping out the price of Bitcoin to skyrocket because Bitcoin Cash is almost like free money so that extra money is being used to buy more Bitcoins.
I don't believe Bitcoin Cash will recover because too many people will be too focus on Bitcoins instead. According to the stats of Coin.Dance, it's actually 237% more profitable to mine on the original chain so why focus attention on a chain that is not profitable to mine? Like I said before, Bitcoin Crash won't last. Abandon that sinking ship!
Will Bitcoin flirt with $4,000...
I watched the same thing happen with ETC, but then it came back up again. So I can't help but think we may see BCH hover around in the $100 range as a speculative coin, just like ETC has become.
Definitely!
great post, as usual!