Bitcoin cash is going crazy
Today was a crazy day in the crypto space. As the hard fork got cancelled there was a lot of uncertainty about Bitcoin. People were not sure where it is going. It was either going even higher towards 10 000$ or getting a pull back, which was probably more likely and it happened. Bitcoin is now trading at around 6500$. That uncertainty in Bitcoin made people move their money to other currencies - and there we have bitcoin cash. It seems like a large group of people with large compound buying power moved their money from Bitcoin to Bitcoin cash. As a result of that now Bitcoin cash sky rocketed all the way up to 1050$! These asian investors effected the BCH price like never before. Maybe buying Bitcoin cash at a price over 1000$ can be called FOMO, or it might turn out to actually be a good idea if it keeps going like crazy. We will see tomorrow what the crypto world has prepared for us.
No one knows what the future will hold for btc and bch . There are so many factors and actors involved and no one can predict all that. It would be nice if btc could fix its transaction fees and slow transaction speed... but if not bitcoin cash will be there to mop up. I have both so I will just get my popcorn and watch the show :)