Repeat pattern of the first month of Bitcoin Cash?
Trying to figure out what the market is doing with Bitcoin Cash. There are a lot of powerful players that want it to succeed and there is a reasonable argument for a more timely and cost effective form of processing transactions in the blockchain. BCH provides those efficiencies and for reasons that are understandable and not, BTC will not implement similar changes. So, to date, BCH is a relevant alternative. Supported by some heavy players, I do think it remains viable and I will back it in the near term. Could the current chart trend be reflective of what was happening last August when the coin launched? It looks very similar. . . . .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.