I took a few bch yesterday for long term hold and I am again glad to see BCH climb, what do you expect price leads to fork? think more than 0.2 maybe?
You cannot predict the trend of the price exactly. I thought that Bitcoin should head forward to at least $12000 in this week, but actually it jumps to $9000.
I bought some BCH at 0.15-0.16 several months ago, and hope its bright future.
I think as we get nearer the update, we could see more dumps on og btc as people hedge into BCH.
This is where traders should be careful, og btc going down will not mean BCH goes down too...
This time as og btc drops, BCH will rise...
Once 32mb is active and more people try to use the BCH chain for new dapps etc, it will easily become more valuable than og btc.
In your opinion, is it possible that the BCH will take over the position of Bitcoin. If it can, when will it happen?
For the purpose of safe investment, I keep the nearly same amount of BCH and BTC.
BCH will100% take over , its the way its meant to be.
Once you understand that og btc chain needed upgraded (scalabilty problems, slow tx, expensive to use as user base kept growing)
All users that want to use the same btc chain with improvements have been given two choices...
use BCH that fixes bitcoin to the way we all like to use it, but with alot more features.
or use segwetcoin that has been trying to implement LN,its still in beta, its to complex and faces many problems ( users losing funds )
BCH is the clear and obvious option for anyone/business wanting to use crypto in a variety of ways.(create dapps, smart contracts, fast and cheap tx, all working today)
use cases = value
the btc dump just now...could also be bytecoin millionaires cashing out from the pump...as bytecoin has no fiat options, so sell for btc then sell btc for fiat.