I haven't been a fan of bitcoin cash for a long time, and that isn't changing. If you look in Google Play, there's a bitcoin wallet pushed out by Roger Ver. But it's sneaky -- the wallet is a BCH wallet only... but he's peddling it as a bitcoin wallet. That means people may download it and use it as a bitcoin wallet... and then are forced to use BCH. I think that's very underhanded.
That said, BCH has a very strong support that no one can deny. They've brainwashed many people to their cause. They have multiple Chinese mining farms on their side...
They're definitely a force not to be reckoned with. That said, I do believe we'll see BCH rise to $4k by the end of this bear market.
For the short term, I believe it will rise with BTC's price. If btc can make it back to 14k, then BCH will be 12k yes.
I too believe in BCH growth as BITCOIN's support always remains back. Just look at the value of BCH. Its keeping its standard high always behind bitcoin though its being a new coin unlike other new coins launched along with BCH. If BTC value grows then obviously BCH value would certainly grow along with BTC. BCH's current status is bad like other crypto currencies. I hope it should recover back very soon.
Well-said. I do believe that you're right. All cryptos in the red will go green as long as they're not scams.
BCH is tied to Bitcoin for some reason. I guess it's because they're forks of each other, so maybe there's a mechanism that links them when it comes to trading. I don't know.
But I guess, since they use the same private and public addresses, people are apt to link them. So I guess that's one psychological reason why bitcoin's price is linked to BCH's.
