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RE: Bitcoin Cash (BCH): The RISE is STARTING !!! Short Term Target $477
From the fundamental point of view I'm bearish for Bitcoin Cash, because its transaction volume compared to the market cap is very slow. See my post about it: https://steemit.com/bitcoin/@sevenseals/why-bitcoin-cash-is-overvalued
Elliott Waves states that news or events shall arrive to justify the forecast, never the reverse. Thus, Technical Analysis begets the fundamentals and never the reverse.
Transaction level is low...but an overriding news or events shall arrive to justify the price increase. As a Technical Analyst, I'm unable to discern accurately what that fundamental news or event might be, but it shall arrive.
Time will tell us. I'm watching BCH.
If there is chaos caused by 2x fork and miners hold the BTC network to ransom/attack then that would drive all the panicked to BCH or ETH i assume (or both maybe). What crypto related scenarios do you envisage apart from SEC/govs trying to ban bitcoin @haejin
Bitcoin Cash will hard fork too to prevent miners from messing with diff adjustments
https://fork.lol/pow/retarget
BTC and BTC Cash are fighting to be the most profitable chain to mine