Increasing volatility after the change in trend from downtrending to uptrending.
Potentially a swing-traders market
Important dates ;
1 Day from now- BCH difficulty decreases by ~ 9%
1 Week from now - BTC difficult increases by ~ 20%
Cumulative effect may potentially see an increase in hashpower by at least 1.2x 1.09 = ~ 30% (minimum) as the BCC/BCH chain becomes more profitable to mine.
Of course this is heavily dependant on BTC prices, because as much as I hate to admit BTC is still the big daddy dictating ALL other currencies directions.
However, BTCs ~ 20% increase in difficulty will be locked in for a minimum of 2 weeks, possibly longer as more hashpower migrates to BCH.
Of course, after the two weeks are done, difficulty is expected to decrease for the original chain, resulting in hashpower migrating back.
What does this mean? Swing trading may be done successfully, but if you you are like me, a significant portion of your gains comes from holding, so
dollar cost average BCH which ever direction it goes and see you in Andromeda galaxy
Potentially a swing-traders market
Important dates ;
1 Day from now- BCH difficulty decreases by ~ 9%
1 Week from now - BTC difficult increases by ~ 20%
Cumulative effect may potentially see an increase in hashpower by at least 1.2x 1.09 = ~ 30% (minimum) as the BCC/BCH chain becomes more profitable to mine.
Of course this is heavily dependant on BTC prices, because as much as I hate to admit BTC is still the big daddy dictating ALL other currencies directions.
However, BTCs ~ 20% increase in difficulty will be locked in for a minimum of 2 weeks, possibly longer as more hashpower migrates to BCH.
Of course, after the two weeks are done, difficulty is expected to decrease for the original chain, resulting in hashpower migrating back.
What does this mean? Swing trading may be done successfully, but if you you are like me, a significant portion of your gains comes from holding, so
dollar cost average BCH which ever direction it goes and see you in Andromeda galaxy