Markets Update: Bitcoin Cash Prices Up Over 60% This Week - by Jamie Redman

[nandibear]

Markets Update: Bitcoin Cash Prices Up Over 60% This Week
news.bitcoin.com
by Jamie Redman
April 22, 2018

Excerpt:

The price of Bitcoin (BCH) has spiked considerably over the past two weeks as the decentralized cryptocurrency’s market has just captured a $20Bn capitalization. The market value of BCH is currently hovering around $1,250 per coin and the digital asset commands close to $1Bn in trades over the past 24-hours.

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Read entire article: news.bitcoin.com/markets-update-bitcoin-cash-prices-up-over-60-this-week/

[grabberfish]

My thinking is that we are heading into a perfect storm.

• Bullish commentary coming from independent media outlets (non-Core) such as CNBC Fast Money
• Institutional investors moving in for real - not just rumours this time, "believe me"
• The 15th May upgrades that already the advantages can be seen for 32MB max blocks and the re-activated OP codes
• The fixation Core has with crippling their chain because...Lightning-something-something-cures-cancer

Ordinarily I find the rate of growth we have in bitcoin to be frightening at times, but that's the ride we're on. This current round of volatility will most likely continue with strong BCH growth over the next two months and then blast north. Due to legacy reasoning, I also suspect that BTC (Core coin) will be trailing along the coattails of BCH until the tipping point. What will that point be, you might wonder? It will have to be the miners and profitability that is the initial indicator of the decline and price will follow suit. But it's going to be a wonder to watch it fall.

Personally speaking, I am 100% behind BCH as the bitcoin I got into 6 years ago. But I do hold BTC still. I know I should have dumped it at 11:1 ratio, but you never know what might happen tomorrow. Who could have predicted what Greg Maxwell and Luke Dashjr would have managed to destroy? Oh yeah, Gavin did.