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RE: Massive Triangle Pattern on BTC/USD Holds as Bitmain and Bithumb Give Statements on BCC (Bitcoin Cash)

in #bitcoin7 years ago

I have another theory if BCC gets some traction and BTC's value stays stable. There can be a buying pressure on BTC on exchanges since anyone with BTC in wallet can have free BCC. Since big numbers of traders will be in sideline due to fork issue, if some speculators think this is an opportunity to get dividends (BCC), BTC's price can actually go up in short term during forking.

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