Pundits are widely promoting that BCH is the new bitcoin, and quite a few people are getting nervous and jumping ship. This is the Roger Ver faction trying to draw out as much capital from BTC as possible, over to BCH, arguing that BCH is better as a currency - as if that should matter to people who invest in it. Litecoin and Rippple, all the Ethereums are the better currencies, and Ver is putting all his marketing weight on the Bitcoin brand. As it seems, the stupidity of people will decide the matter, as it always decides human history. This is of course exactly the principle Elliott Waves also measure, but as I have been saying, this is an exceptional scenario. The Crypto crowd are fighting among themselves, sowing insecurity. Will I be watching BTC falling towards 4000 and BCH rising to 4000 ? It's all psychology after all, and the cognitive dissonance is immense.
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