Bitcoin Cash - Is it time to buy or sell

in #cryptocurrency7 years ago (edited)

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As you can see on picture below...

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on Aug 19 it was above 900$. 3 day's after...

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It's going down and down and down...

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and now BCH is flat for 2-3 day's.

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Is it time to buy or sell BCH?

Right now I am mining BCH on eobot.com because I want to be prepaired if BCH start to go UP!

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As You can see on picture Ripple is very close to BCH. Market cap is really close.

What you think about BCH? Crash or sky rocket?

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BCH is worst performing big-cap this week. (https://steemit.com/trading/@bronevik/daily-altcoin-digest-01-09-2017-litecoin-rose-29-week-to-week)
It mines at a loss comparing to BTC.
On November we prepare for another fork, drama will flow there.

So, I can't see a brighter future for BitCash. It may pump day-to-day but eventually, BCH will rest at 10 mbtc or less.

You are right. The worst coin in last 5-7 day's.

Until November BCH will have ups and downs in next month or two, I am 99% sure.

Like Charlie Lee said, Bitcoin and Bitcoin Cash are in a winner take all battle. I don't think Bitcoin Cash will win, I'd sell while/if you're ahead and go to Bitcoin and hedge with Litecoin.

BCH may be nice for speculating but for long term hold, it has lost the battle with BTC.