Bitcoin Cash Rockets To $700 - Hash Power Quadruples - Now 23% More Profitable To Mine Than Bitcoin!!!
Imagine if you could go back in time and buy the original Bitcoin for $700.
Today, you can. Yesterday, you could have had it for $350:
Early reports on Reddit is that hash power has potentially quadrupled in the last couple of hours:
Volume at the exchanges is huge with a very bullish short-term trend.
If miners begin switching hashing power over this weekend due to the rapidly increasing profitability, we could be much higher next week.
Note: The above does not constitute investment advice, and I am not an investment adviser. Do your own due diligence. My returns may not be worth mimicking, so choose to follow my entry points at your own risk. I do not advise trading, but holding coins you believe in off-exchange, preferably on a Ledger Nano S (or better).
Sources: Bittrex, CoinmarketCap, Reddit, u/Neutral_User_Name, coin.dance
Copyright: Back to the Future
"The Flippening"
Everyone gets a second chance. BCH is set to sail.....scale? again and again...maybe faster than we've ever seen in the history of the markets.
Question is: will we hit a tipping point where the majority sell btc for bch?
Always both is a pretty safe conservative play...though...a Flippening with btc and bch.....maybe even on the name tooo......now that would be something.
Free Market Decides
The potential for a flip is indeed fairly high. You can check my most recent post for some details on it here:
https://steemit.com/bitcoincash/@lexiconical/bitcoin-cash-mining-profitability-touches-140-bitcoin-core-at-risk-of-catastrophic-effective-difficulty-spike-if-miners-defect
That's an Asian boost for you...with two main miners and market cap over 10 billion, I feel this is a 1000 strong coin, very strong Asian base and I think its a longing to have significant control of coin with marketcap like that of Bitcoin and Ethereum, these two miners can easily influence the difficulty and boss the market
This is not going the way it should
Or Is it?
What about Bitcoin ?
If Bcash or Bitcoin Cash goes past $1000 then what?
So many Retail Investors in Japan, Korea have bought Bitcoins....what about them...most also dumped their Bcash ...
Well, if the price is going up this much after most of the dumpers already dumper, then I'm even more impressed.
We'll have to wait and see. The Bitcoin Cash chain might adjust to correct the mining difficulty.
Do both, hedge, and be happy!
23% more profitable to mine then bitcoin thanks for information
This is a game-changer.
I'm speechless.
You've got skills to envy.
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STOPgreat work... i upvoted you plz upvote me ??