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RE: The big business behind Bitcoin and Bitcoin Cash, why dips present buying opportunity...
Great post and resteemed. Though I would add that the increasing congestion on the legacy Bitcoin chain may result in a rush-to-exit sell off, as people scramble to sell before the chain becomes too difficult to transact on. If that happens, the Bitcoin Cash fork remains more profitable, and the cycle repeats.
Certainly, I notice Glen Maxwell came out this morning saying that the Bitcoin Cash profitability is being inflated so something is definitely going on, probably those who wasn't giving it any attention are starting to give a second thought, could be an interesting story unfolding, it would set up for for juicy volatility and trading opportunities in the days to come... thank you for the support
That coin.dance site with all the charts is predicting BTC to be over 2.5x more profitable to mine after the difficulty adjustment in about 18 blocks.
Are miners going to stick with BCC or are they going to migrate back to the more profitable (for the time being) coin? We will know soon!
It's a lot of mind games moving forward, for now we have to stick with the data, it showing the BCH is much more profitable than BTC...I believe you have to stick with the data and necessarily what is coming from an authoritative figure, Glen Maxwell know exactly what he is doing, they underestimate this BCH and the miners and exchanges who were doubtful are seeing the profitability of keeping this going
But now it is more profitable to mine on the BTC chain. Do you not think it will be that way for long? It's such a tricky situation!
It's a ploy by the BTC miners support base to generate traction away from BCH pool towards them but they won't be able to keep that up, as the network stability take its effect...there would be a lot of mind games going forward but I believe they both would have their support base going after each other...BCH would be your best bet, get in early, I think its here to stay