Long
BCD flippening? Unlikely scenario
The TA for BCDBTC looks very bullish. With BTCUSD falling fast, and BCDBTC going up, I predict that many people will be jumping ship from BTCUSD to BCDBTC.
Now for the interesting part...
The trading for BCD is very thin, and it is an incredibly volatile coin. What many people don't realize, is that BCD has 10x the coin supply of Bitcoin, so a price of 0.1 BTC would put its market cap even with BTC. Now this is very unlikely, but I think we may see a very brief "flippening" (split second), where the market cap of BCD surpasses the market cap of BTC. If this happens, then a huge crash in the BCDBTC price will immediately follow.
The probability of this scenario is extremely low, but it would be amazing to see it play out.
Disclaimer: I am not a financial advisor and this is not financial advice. All investments come with inherent risk. Do not invest more than you are prepared to lose.
Now for the interesting part...
The trading for BCD is very thin, and it is an incredibly volatile coin. What many people don't realize, is that BCD has 10x the coin supply of Bitcoin, so a price of 0.1 BTC would put its market cap even with BTC. Now this is very unlikely, but I think we may see a very brief "flippening" (split second), where the market cap of BCD surpasses the market cap of BTC. If this happens, then a huge crash in the BCDBTC price will immediately follow.
The probability of this scenario is extremely low, but it would be amazing to see it play out.
Disclaimer: I am not a financial advisor and this is not financial advice. All investments come with inherent risk. Do not invest more than you are prepared to lose.
Disclaimer
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