Why bitcoin cash will fail


why bitcoin cash will fail

at the time of writing, bchabc and bchsv are trading at 250 and 175 respectively. Philakone, a prominent crypto analyst, also conducted a poll asking his audiences opinion on the upcoming fork. It has succeeded in that, in that fees are indeed lower than that of Bitcoin. Thats likely because, if the major exchanges are accommodating the fork, potentially millions of traders will have access to BCH buying and will just need to wait a little for their wait for the free coins, and, as such, a wave bitcoin warning india of demand was triggered.

Why Bitcoin Cash is doomed to fail : CryptoCurrency - Reddit



why bitcoin cash will fail

The market cap of the coin has seen a 250 million top-up over the past few days, as the collective market enjoyed a bullish wave. Cryptocurrency trader Josh Rager described the sudden surge in bitcoin cashs recent performance as an anomaly when compared to the broader market, suggesting the price rise must be a result of hype surrounding the fork. 8 but will come to a close at 15:00 on Nov. Even though fees are reduced (until the 8MB blocks start filling up there's still the 10 minute block time, which is forever compared to many other chains, like Ethereum. Don't Miss, bitcoin BTC/USD Technical Analysis: Bears take back the bulls kingdom. A trader going by the tag Credible Crypto agreed, speaking to the short-term outlook that cryptocurrency traders tend to abide by: Most are in this for a quick profit and are not aiming to hold the newly forked coin for price appreciation.

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Bitcoin Cashs two prominent resistance levels in this particular chart have a 70 percent difference in their price, with a major resistance level from September to just before the hardfork at 654.61 and the recent resistance level of 196.32. The current price of the coin is pegged at 127.1, a slight increase from Mondays low of 125.1. The other is secure store of value. During the former period, the support level was 409.5 and the immediate support level.86. All eyes are on the bitcoin cash (BCH) blockchain ahead of a scheduled technical upgrade tomorrow. In the midst of the fervor surrounding the imminent network upgrade, Ethereum Classic jumped over Zcash ZEC, NEM XEM and Tezos XTZ, to take the 19th spot on the ladder. The, awesome Oscillator shows that the market was bearish as the AO line dipped below the zero-line but the momentum of the same has decreased. The coin traded under 6 till April 6, prior to the Atlantis-induced pump. Post the Bitcoin bulls, Ethereum Classics market cap stood at 610.71 million and increased by a whopping.8 percent to reach 773.88 million in a matter of 12 fabriquer bitcoin hours since the Atlantis hint was dropped. While its a process that the worlds fourth-largest blockchain by market capitalization undergoes every six months, at which point it asks all users operating the software to upgrade to a newer version, theres a twist this time around. Bitcoin Cash BCH, despite maintaining its fourth spot on the coin ladder, has seen the gap with EOS EOS decrease to under 50 million. Further discussions regarding the Atlantis upgrade would carry on in the following days and months, ended the post.

Why bitcoin cash will fail
why bitcoin cash will fail


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