BCH
Updated
-Price is still over bought relative to BTC for no good reason. There is no value in BCH's recent volume/price spike, when the BCH chain is comparatively weaker than ever vs BTC.
Thus I think there is quite a compelling case to short BCH.
"BCH has dangerously low hash rate. A couple of medium sized bitcoin miners can wipeout the chain.BCH has laughably low usage & therefore small blocks, despite being the "big block" chain"
-twitter.com/mdotbit/status/1122129345189797889
"Our sources also say Bitmain is stepping away from BCH project. It will dial down the support . Macree Zhang wants to be nowhere near this failure. Jihan on his own now"
-twitter.com/btcking555/status/1121699148523352064
"Bitcoin’s Transaction Fees are Becoming More Valuable Than Bitcoin Cash’s Block Rewards"
longhash.com/news/bitcoins-transaction-fees-are-becoming-more-valuable-than-bitcoin-cashs-block-rewards
"Bloody hell it's worse than we thought. MEDIAN tx value on BCH is under 1 cent"
twitter.com/hashamadeus/status/1122616850980966400
Thus I think there is quite a compelling case to short BCH.
"BCH has dangerously low hash rate. A couple of medium sized bitcoin miners can wipeout the chain.BCH has laughably low usage & therefore small blocks, despite being the "big block" chain"
-twitter.com/mdotbit/status/1122129345189797889
"Our sources also say Bitmain is stepping away from BCH project. It will dial down the support . Macree Zhang wants to be nowhere near this failure. Jihan on his own now"
-twitter.com/btcking555/status/1121699148523352064
"Bitcoin’s Transaction Fees are Becoming More Valuable Than Bitcoin Cash’s Block Rewards"
longhash.com/news/bitcoins-transaction-fees-are-becoming-more-valuable-than-bitcoin-cashs-block-rewards
"Bloody hell it's worse than we thought. MEDIAN tx value on BCH is under 1 cent"
twitter.com/hashamadeus/status/1122616850980966400
Note
volume & price spike*
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