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RE: On it's second day of existence, Bitcoin Cash is soaring!
I think it's going to soar for few days because most people have not been able to deposit their bitcoins on exchange and because of that they are not able to withdraw them and only buying is done for now. This is the reason why bitcoin is soaring and for a week or so it's gonna soar or at least be stable.
Anyways your explanation is good on this @jrcornel . thank you :)
I agree, it's only soaring because of people having issues accessing it. Once everyone gets their hands on it, I think there will be a big dump.
:)
I think it will dump and soon after it should pump. I believe this will create huge confusion and volatility
eeewww on the visual lol but yes I agree with you
For sure, it's gonna happen in few days.
It may or it may not. If I've learned anything about this market it's that there's just no predicting it. What if all these new BCC holders finally have access to their coins and they look and see, "Hey, Bitcoin is worth about the same, and now I have this new coin worth $600-$700 dollars, and oh, it touched a high of $1322 on Bittrex and, hm, it has the Bitcoin brand, if you will, well, maybe I'll just hold on to this."
Then people who have wanted to get in on Bitcoin and watched it soar see current prices for BCC as a huge value to get in on the Bitcoin name and they can purchase 4x the amount of Bitcoin that they could buy within their budget. Then the Bitcoin Cash network runs faster and smoother and becomes more desirable to use but the O.G. Bitcoin just continues to hold it down as store of value and they work in tandem on a savings/spending continuum and both rise together.
Who knows??!?!?