After Bitcoin Cash took of, it has reached its all time high on August 2, which was 756.93 USD for 1 Bitcoin Cash on coinmarketcap.com. That same day this new altcoin even reached 1250 USD on Bittrex! After a lot of confusion it seems that Coinbase will credit Bitcoin Cash to people who where holding Bitcoin on their platform at the moment of the hard fork. Would this lead to even more people selling their Bitcoin Cash, making the price crash even more?
Should we call it "Bitcoin Crash" from now on?
Bitcoin Cash is down 27% today, and its New value is around 250 USD!
At the moment of writing the one and only "real Bitcoin" is setting new records with a new all time high close to 3200 USD! Today it has a positive price change of 12% and there are rumours that it could become 3500 USD today!
I'm glad that Bitcoin is doing well and that it's taken other coins to the moon with him! It has been different in the past: when Bitcoin did go up, all the altcoins we're going down, it was kind of a trade off every time Bitcoin did go up! But now people seems to realize that Bitcoin and altcoins could exist next to each other!
