Well, Bitcoin price suddenly got -500$ in value in matter of hours, someone definitely is dumping a huge load of BTC, while the Bitcoin cash stays steady at 300$.
So, is this the beginning of the bitcoin apocalypse, the genius swap between BTC? Or they will dump both and re-roll to Satoshi's The Real Bitcoin?
I think bitcoin will keep going up into Bitcoin Cash becomes more profitable to mine (1-3 weeks).
$4,000 is a sticky psychological level, it should go to and over $5,000 soon.
And yeah, I think the smart money is dumping and buying up BCC.
By year's end this should be finally over with for good. And I wouldn't be surprised if both chains destroy each other and they all move to a new chain/coin.
You can make a killing over the next 3 months but be nimble, have cash on hand and be ready to jump ship.
I can't imagine what will happen if both chains destroy each other, okay, industrial miners will have the most of it, but what will it be worth if the distribution will be minimal? Can't see how the third will survive if BCC(BCH) and BTC vanishes into abyss.
The third, the "real" one may be born in November, so till then, I guess we are safe.
Also, if BCH is to replace BTC, it needs a huge crash (<100$/1BCH) before the awakening and swaping, to unload the unbelievers/fools/weak hands.
What do you think about this, Vlad?
