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BCHEUR trade ideas

BCHEUR: Chart for posterity - Basing, bullish when chaos unfoldsI think there's a chance that Bitcoin cash starts basing here, to eventually break out to the upside and surge. I'm buying and selling in this range, but mostly trying to keep exposure to it, and reduce my cost basis with the profitable trades I have made and will continue making. There's a fundamental price floor, below which, $BCH would be liable to attacks by other miners, and also, there's the notion that if bitcoin.com and ViaBTC mine it, we can assume price will be somewhat stable until it starts being profitable to mine it. My estimation is that miners won't let the mining of $BCH become profitable until they accumulate enough of the airdrop. The opportunity for them is massive, imagine being able to absorb all the airdrop or most of it, from weak hands cashing out, when you know in advance you have future plans in store, and good support from other miners. Some core devs are saying the miners have no real power, but I disagree wholeheartidly. China also holds a lot of power and influence, and I wouldn't be surprised to see $BCH surge as $XBT tops after the end of the current weekly uptrend. What isn't clear to me yet, is how the NYA signers will approach the deadline to hard fork to increase block size. In any event, and thinking of all possible outcomes, what I see is chaos and disruption of the current status quo, which already started with the birth of $BCH. Best of luck, Ivan Labrie.
Long
by IvanLabrie
41