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RE: Hardfork Recap: Bitcoin Cash Successfully Created! How Does The Crypto World React & What Now?

in #bitcoin7 years ago

I think for now we will see a slightly 'false' bitcoin cash market price. It will take a week or so to stabilise out and figure its place in the market. Although, this is where a lot of the day traders can make BIIIG profit. (Im too scared to at this point!)

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Exactly. Right now everyone pumped their savings into bitcoin to get some free BCH, and now slowly everything will return to normal. The Bitcoin price will likely drop a little because people will convert their BTC back to the usual altcoins.

I agree, the sea of green is starting to move up on alt coins.. Lets see my theory is about 14 days for stabilisation