The Rise and Fall of Bitcoin Cash

in #bitcoin7 years ago

Of course is gonna fall all the way down, how can BCH be a strong competitor against bitcon when is not being used as a main coin in the exchange markets?
Every exchange out there uses bitcoin as the basic currency for trade against all other coins including BCH so the future of this new coin is at the back of the bus and not as the rival of bitcoin like the majority of the people out there is thinking about it, if you visit poloniex for example you will notice that traders on that exchange are expecting bitcoin cash to fall down at the price of 200 usdt wich in my opinion is far way to high for a new coin, in my opinion the real value of this coin would be around 80 usdt per coin if not less.
The competitor of BTH are the other coins like zcash, monero, dash, etc, not bitcoin, so expect a huge drop in BCH's crazy price since almost every holder out there is just waiting for the right moment to dump it and jump into the strong rise of BTC still the mother off all cryptos out there including BCH, and I would be glad to see this happening just so that can miners understand that they are not the owners of the blockchain.

Please live a comment, tell me why BCH has big future.

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