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RE: A Green ๐Ÿ“— Day! / Qtum Leaps Up ๐Ÿ”ผ17% / Ether ๐Ÿ”ผ+12.5% / LTC ๐Ÿ”ผ+7.5% / Ethereum Price Chart Reading

in #cryptocurrency โ€ข 7 years ago (edited)

So far the cryptos in general are acting just as I expected them to after the fork (BTC to go a bit stagnant after the fork as most buyers bought before the fork and not many sellers moving out of their BTC position yet as they expect a rise after BCH start failing, most alt coins getting a nice rise as people see them as the best opportunity for short term gains, ether rising a fair bit due to people buying it to get into some of the alt coins).

It should be interesting to see what BCH does (became tradable on Kraken a few hours ago), and so far is going up in value BUT I think this will quickly change once more people realize it is available to trade finally, at which point I expect a HUGE amount of holders to dump their BCH positions causing the price to drop massively over the next day or so (especially in the non-chinese exchanges). I personally don't see BCH sticking around for long (may very well merge back into the main chain after failing over the next few days).

Interesting times!