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RE: Bitcoin Cash is the real new and improved Bitcoin. Think of Ethereum and Ethereum Classic.
No dump? Better check the prices ;)
My opinion - it was pumped by miners because of the drop in difficulty. But guess what - the diff will rise 3 times in about 4 days. If the price don't follow I can't see it being mined by too many miners...
Also - BCH has 70 transactions per block - for the entire network! No one is using it. The blocks are 50kb, why did they need 8mb cap?:D
But that's just my opinion, no intend to be hostile. Market will tell :)
All opinions are welcome... we just disagree. That's what makes all of this exciting.... it will be interesting to see what happens in the year to come. And definitely continue giving your opinion and insight, differences in opinion are what makes any idea or group of ideas strong.
As far as a dump it went from 300 to 900 to 700... it's a normal fluctuation in fact I expect to go as low as 600 until it makes a move upwards again. How many times has Bitcoin legacy fluctuated the same way? In fact Bitcoin Classic just lost $500 or so dollars in the last few days.... that's what these coins do.... fluctuate. I would consider it a dump if it went back to $300, I predict the price will steadily increase in the weeks to come.
I think there's a serious consolidation going on right now....volume super low and things are tightening up. So now which way is it going to move??? Methinks we are looking at another blastoff pretty soon.
Another consideration is that in a little over ten days, the BCH chain will likely be longer than the BTC legacy chain. What will people say then?