Bitcoin Cash volume exceeds Bitcoin - Bitcoin drops from $7700 to $5700 in 4 days - Bitcoin loses $2000 in 4 days Bitcoin cash gains $1200 - Segwit Aftermarth - Roger Ver?

in #bitcoin7 years ago

11/12/2017 - The price of one Bitcoin has dropped about $2,000 since November 8th 2017 (the day the Segwit2x fork was cancelled) while one Bitcoin Cash has risen in price by about $1,400. The vast majority of Bitcoin's market cap is flowing into Bitcoin Cash

Notice the similarities in the charts below:

bitcoinflippen.PNG

Roger Ver, CEO of Bitcoin.com has voiced much support for the Bitcoin Cash fork and may be contributing to this direct flow of Bitcoin market cap into Bitcoin Cash. Roger Ver is the very first investor in Bitcoin start-ups and is extremely invested in the success of crypto-currencies and related businesses in general.

With Roger's interest in and support for Bitcoin Cash, it will be interesting to see how much more of Bitcoin's market cap will flow in Bitcoin Cash.

It may be a wise strategy to continue to hold (HODL) any form of forked Bitcoin. Bitcoin & Bitcoin Cash together are maintaining a combined value of over $7,500. The Bitcoin Cash coin was traded for as low as $205 and is now worth over $2000. (Price has increased about $200 since I began writing this article)

Hang on for the ride all, I've got to get out of here just wanted to share some quick thoughts. Peace!