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RE: The Crypt0 Minute: Bitcoin Cash EXPLODES After Being Added To Coinbase / Bitfinex Invitation Only --Enjoy!

in #crypto-news7 years ago

I think this is a premature explosion. Now that BCH can be traded and literally millions of new BCH coins have been unlocked for people to trade wouldn't the price drop like crazy due to the massive increase in supply ?

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I think BCH is a bit over extended right now (temp hype) and will correct slightly in the next few days, but will likely have a decent post-Christmas pump as a new wave of users enter the space after Christmas. This pump will likely change to a major downward correction in BCH early in the new year, but will likely have another decent run going into the Spring of next year.

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