Here we can see the charts of BCH/USD (up) and BTC/USD (up). Both are from Bitfinex exchange.
If you already sold Bitcoin believing that it will go down, it would be a good idea to the check Bitcoin Cash which seems moving up showing an "anti-symmetric" pattern compared to Bitcoin.
It seems that a lot of traders sold Bitcoin and then:
A) Bought US$ aiming to QUIT (for the moment) the cryptocurrency market.
B) Bought Bitcoin Cash aiming to STAY in the cryptocurrency market.
Options A and B protected investors from losing their money. With both of them, investors can later re-buy Bitcoin from a lower price, hoping that it will go up to 8.000 - 10.000 US$ (and yes, I think that bitcoin will go later very high).
IF (i repeat : IF) you believe that Bitcoin will continue to go DOWN for X time, then very probably Bitcoin Cash will go UP in the same X time as shown in the "anti-symmetric" pattern. In this case choosing option B, not only would protect your invested money, but would give you also the possibility to win more US$.
So, as I said before, it's up to you to evaluate if Bitcoin will go up or down... Then, the choice is yours.
If you already sold Bitcoin believing that it will go down, it would be a good idea to the check Bitcoin Cash which seems moving up showing an "anti-symmetric" pattern compared to Bitcoin.
It seems that a lot of traders sold Bitcoin and then:
A) Bought US$ aiming to QUIT (for the moment) the cryptocurrency market.
B) Bought Bitcoin Cash aiming to STAY in the cryptocurrency market.
Options A and B protected investors from losing their money. With both of them, investors can later re-buy Bitcoin from a lower price, hoping that it will go up to 8.000 - 10.000 US$ (and yes, I think that bitcoin will go later very high).
IF (i repeat : IF) you believe that Bitcoin will continue to go DOWN for X time, then very probably Bitcoin Cash will go UP in the same X time as shown in the "anti-symmetric" pattern. In this case choosing option B, not only would protect your invested money, but would give you also the possibility to win more US$.
So, as I said before, it's up to you to evaluate if Bitcoin will go up or down... Then, the choice is yours.
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As time passes, the “anti-symmetric” pattern is confirmed!
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Why Bitcoin Cashis goinf up?? Why not Ethereum or Litecoin?
What caused Bitcoin Cash to go up??
I think that a lot people confused Bitcoin Cash with the Segwit2x hard fork that finally was canceled. So they started selling Bitcoin and buying Bitcoin Cash thinking that it the fruit of the (abandoned fork). Don't forget that there a lot of people that have no idea of what is Bitcoin...
If you have another explanation, fell free to post it in a comment.
bravenewcoin.com/new...at-happened-and-why/
What caused Bitcoin Cash to go up??
I think that a lot people confused Bitcoin Cash with the Segwit2x hard fork that finally was canceled. So they started selling Bitcoin and buying Bitcoin Cash thinking that it the fruit of the (abandoned fork). Don't forget that there a lot of people that have no idea of what is Bitcoin...
If you have another explanation, fell free to post it in a comment.
bravenewcoin.com/new...at-happened-and-why/
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Just 5 minutes ago Bitcoin went below 6.000 US$ and immediately Bitcoin Cash responded with an "explosion" from 1.730 US$ breaking the 1.800 US$ barrier.
This activated automated sell orders pushing Bitcoin Cash a little lower, but Bitcoin continues to fall. So normally Bitcoin Cash will test again in some minutes the 1.800 US$ barrier.
Personally, I think that Bitcoin Cash will break this 1.800 US$ barrier.
This activated automated sell orders pushing Bitcoin Cash a little lower, but Bitcoin continues to fall. So normally Bitcoin Cash will test again in some minutes the 1.800 US$ barrier.
Personally, I think that Bitcoin Cash will break this 1.800 US$ barrier.
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BTC: 1Eg8Y6d9RgbedqfEXHqnJjFsLRazynRftg
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Comment:
The “anti-symmetric” pattern was confirmed until November 12, 2017.
I just saw that it reappeared the last 24 hours (from November 17, 2017). Keep that in mind for next hours-days...
I just saw that it reappeared the last 24 hours (from November 17, 2017). Keep that in mind for next hours-days...
It's clear that people are selling Bitcoins to buy Bitcoin Cash.
Bitcoin is under 5.900 US$ now and Bitcoin Cash broke 1.800 US$ barrier (actually at 1.814 US$).