People have been skeptical about Bitcoin Cash BCC and a lot of questions are being asked. Particularly on the sustainability of the BCC price and the possibility of a volatility."
According to Quinn-Watson, a venture partner for a bitcoin exchange operator based in Australia. ‘The crypto-madness that has swept the globe is just the beginning”. Blockchain Global, just re-opened its exchange, the Australian Cryptocurrency Exchange and the exchange confirms that BCC trades over the course of the first few days has been phenomenal. According to Quinn-Watson " Orders for bitcoin cash are exploding!" As at time of this article Bitcoin Cash was trading well above $600.
Bitcoin cash is a fork of the original bitcoin blockchain: It's a new software that has all the history of the old platform, but is made up of eight megabyte "blocks" instead of one megabyte blocks, making it faster.
"People are selling their bitcoin positions and buying bitcoin cash as a proposition that it is the 'new coin' that has more value in the future," he said."It's a bit speculative."
He said he expects to see a relatively small drop of about 10% to 15% in the price of bitcoin over the course of the next 36 hours as investors, including new market entrants, look for other opportunities.
https://steemit.com/bitcoin/@anhkhoi/the-collapse-of-ethtrade
For me was a very nice surprise to see Bitcoin Cash growing so much! I don't have BCC but overall speaking this is good for crypto market!
I wish I saw it coming.
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