BCH to Rise Further after Death of Segwit 2X ?
Updated
Back in July, Bitcoin.com indicated* they would put all their resources into Bitcoin Cash if segwit 2x failed.
For my own trading this causes me to want to hedge my BTC "hodling." I am acquiring an equal number of BCH for the BTC I hold Currently.
Keep an eye out for a chart on BCHUSD from the legendary Dian Kemala here on trading view, she is the most accurate analyst I have ever followed. tradingview.com/u/DianKemala/ I highly recommend following her.
*Source: forum.bitcoin.com/bitcoin-discussion/bitcoin-com-statement-on-bitcoin-cash-bcc-t35101.html?sid=a80f4a5f4bd52f1f44a93943dc00b828
Quote from the source: "in the unlikely event that the 2MB block size increase portion of Segwit2x fails to activate, Bitcoin.com will immediately shift all company resources to supporting Bitcoin Cash exclusively."
Couple this with the fact that Bitmain has been requiring the purchase of BCH from its customers inorder to buy their antminers and I think we have a situation to see change on the bch charts.
Happy Trading!
For my own trading this causes me to want to hedge my BTC "hodling." I am acquiring an equal number of BCH for the BTC I hold Currently.
Keep an eye out for a chart on BCHUSD from the legendary Dian Kemala here on trading view, she is the most accurate analyst I have ever followed. tradingview.com/u/DianKemala/ I highly recommend following her.
*Source: forum.bitcoin.com/bitcoin-discussion/bitcoin-com-statement-on-bitcoin-cash-bcc-t35101.html?sid=a80f4a5f4bd52f1f44a93943dc00b828
Quote from the source: "in the unlikely event that the 2MB block size increase portion of Segwit2x fails to activate, Bitcoin.com will immediately shift all company resources to supporting Bitcoin Cash exclusively."
Couple this with the fact that Bitmain has been requiring the purchase of BCH from its customers inorder to buy their antminers and I think we have a situation to see change on the bch charts.
Happy Trading!
Note
I hope this helped some traders find the right side of the equation on this. BCH over 1000. Onward
My bitcoin address: 1BLzASUYSRMvFEbrLYDam7mFsr1bneqBPC
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