Bitcoin and Bitcoin Cash: both to go sky high in 2017?
Hi everybody,
The recent drop in mining difficulty, subsequent increase of BCH price and the growing interest of mining pools in BCH indicates that this coin is there to stay. My own theory is that further decrease of the mining difficulty will make BCH a serious alternative for current Bitcoin miners, hence the civil war will continu for a while.
Will this all be a serious threat to Bitcoin? Personally I think there is enough Bitcoin demand and enough upcoming mining capacity for the moment, although I wonder if Bitcoin will make it in the long run.
BCH on the other hand is probably going to make a wild ride. Every decrease in mining difficulty will probably boost the price in the coming period and causing miners to run over to BCH. Also, many BCH owners of the first hour will probably drop their free coins at a certain point of time making it a very volatile coin for the rest of 2017. The turbulent developments together with sudden demand and supply spikes will make it at least a very interesting coin to watch for the day traders among us.
Best regards,
Brian
Good post man, I can definitely see bitcoin cash breaking $1000 soon. Especially in November.
Thanks man. I expect the same although I think it might decrease below 400USD first due to inwinding of positions and since there is still a large part of the Bitcoin community not wanting this coin
New ICO, Receive 75 ATS tokens for FREE worth over $10 - http://bounty.authorship.com/ref/i8101112 (Absolutely free , no need to buy)
Interesting topic about bitcoin. Here is informative topic on cryptocurrency:
Exmo Exchange is a cryptocurrency exchange that works on the concept of Blockchain technology. Click here to know more:https://goo.gl/EJ3q4r