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Thursday, Bitcoin Cash (BCH) price has dipped below the important psychological level of $1,000 - the value of one coin has fallen as low as $993. This follows a hectic weekend, during which the cryptocurrency has experienced a meteoric rise to its all-time high of $2,477, coupled with Bitcoin (BTC) temporarily dipping below $6,000.
The ‘flippening,’ predicted by some of the BCH’s most enthusiastic supporters, is not happening any time soon. Bitcoin Cash retraces to its established levels around $1,000 while BTC is maintaining dominance.
In fact, Bitcoin continues breaking all records, as it blew right past the $7,500 mark and is now at around $7700, owing in large part to the news about the CME Group announcing Bitcoin futures trading. The current price fluctuations are a reflection of the ongoing competition between the two coins for the place of a ‘true’ Bitcoin, with the supporters of both solutions being sharply divided over their differences.
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The ‘flippening,’ predicted by some of the BCH’s most enthusiastic supporters, is not happening any time soon. Bitcoin Cash retraces to its established levels around $1,000 while BTC is maintaining dominance.
In fact, Bitcoin continues breaking all records, as it blew right past the $7,500 mark and is now at around $7700, owing in large part to the news about the CME Group announcing Bitcoin futures trading. The current price fluctuations are a reflection of the ongoing competition between the two coins for the place of a ‘true’ Bitcoin, with the supporters of both solutions being sharply divided over their differences.
Taken from this source!
As of press time, i think the war is over and we already have the official winner - no other than of course the King of Cryptos Bitcoin! Bitcoin! Bitcoin! -- and if those hard supporters of BCH are planning for a second round then they are very much welcome to do it again...and again and again...and then Bitcoin will be the winner again and again and again!
However, rather than continuing this worthless war, why not co-exist with each other peacefully. This war is not going well for cryptocurrency in general and can even turn off many newbies in the industry. Let's stop this kind of nasty movement and think the well-being of the fledgling industry we are in!
There was no war that ended it was a manipulation of the price for self gain by few individuals. It is really obvious that the pump on the price of BCH that resulted to deep on BTC's price was just manipulated by few individuals. Sadly there where people who went with their craze and lost a fortune from that roller coaster ride. Hopefully those innocent people would recover as soon as possible.
