Its just going to keep fizzling out till its $50
I couldnt call it at first, but it looks like Bitcoin will be ok, and Bitcoin Cash will just be slightly held up from those with wishful thinking.
I predict it stablizes at $50 around 30 days from now, and will not break $800 again, as it bumps up and down, on its way to reality, and thus the correction
The deep pockets better not let the price go that low, unless BTC takes a very huge correction! With the EDA in play, that could lead to a difficulty adjustment that is way too low. It would be a disaster if the difficulty had to be adjusted so low to make Bitcoin Cash profitable, that it would result in block times of 10 seconds or less, when all the miners hop back on.
I respect your opinion, but I dont see it.
If I were invested in this, I would cash out my gains, or cut my losses now before it gets any lower. It was nice while it lasted, but in the back of our minds, I think many of us knew it was just another altcoin, that the golden rule still applies: dont fall in love with a coin.
Its NOT taking over BTC, and that is becoming more apparent to those who thought it had a chance, and those that knew all along see the writing on the wall, and are taking their cue, it will be down to $500ish in 48 hours IMHO
48 hours ago, when everyone was making predictions that the altcoin called Bitcoin Cash would overtake bitcoin, and others were predicting that it would be in the thousands, I made my own prediction, see quote above, that it would fall to 500ish, and where is it now? Yup, you guessed it.
It will continue and fall and level out at $50. Dont fall for the scam suckers