Hi guys, this is Coin Girl, and in today’s video I want to talk about BTC and BCH. Now, we have been bombarded with so many articles and videos on this topic and it seems that there are 3 sides now:
- People who believe only in BTC only
- People who now believe only in BCH and will move away from BTC
- People that see BCH as a day to day coin, used for less expensive transactions and see BTC as a long term asset
After the Segwit2x fork got cancelled, BTC has seen an immediate ATH of $7,800 with a drastic correction, when it reach $5,604 in just 4 days. It has now consolidated around $6,500.
And I understand why this correction happened, as traders sold their BTC to regain alt coins.
However, it’s quite impressive how BCH got so much attention out of the sudden and went on a bull run, reaching an ATH of $2,400. Oh happy days for who had BCH and could make some nice profits!!
So again, why BCH after a disastrous cancelled BTC fork? Why the pump? It’s true that now it stabilised at 50% of its ATH, but it created a big polemic in the crypto world and divided even more the community.
This looks to many, including myself, as an artificial pump, however, my personal opinion is that BTC will get back on track…Think of how many events it overtook already since its creation!
All this crypto soap opera has led to blocked transactions on the blockchain and also expensive fees for confirmations. We are talking about $50 cost per transaction.
Find out what are the Top 100 Bitcoin addresses and how they reacted to the dump-pump situation.