Everyone has been so focused on the Bitcoin Hard forks from last week and approaching in the following weeks that many of us began to ignore bitcoin cash!
Believe it or not Bitcoin Cash has it's own hard fork coming up on November 13th and that is much of the reasoning behind this price spike! Another big factor is that Bitcoin has a pending hardfork for the segwit2x and that brings a certain uncertainly to the community!
Many people are investing in BCH because they believe if the price of Bitcoin drops after the hard fork the price of BCH will rise.
There has been some SERIOUS spikes over the last 7 days in BCH and it has risen nearly 50% recently! When will it end?
What are your thoughts?
Bitcoin Cash will also gain more traction when people get fed up with the long confirmation times and/or high fees on the Bitcoin blockchain. With the potential of 8MB blocks, it is a bit disappointing to see this:
I agree, and I have a feeling we are going to see a migration from what people know as Bitcoin right now. I am not sure which one will be the king block chain but I believe there will be a shift coming and the current bitcoin will drop in value while the new chain takes over. I find it highly suspicious that Coinbase is going to be giving people B2x after the fork, they didnt care about bitcoin cash, they didnt care about bitcoin gold, but now they care about this? Maybe because they are privy to information that we are not?
Segwit2x (if it ends up being the lesser valued of the segwit coins after the Nov 16 fork), will end up competing with Bitcoin Cash for the 2x supremacy. Some people think the original 2x is better, increasing it's value.
interesting post!