d_eddie
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August 19, 2017, 01:49:20 AM

I don't think panic about BCH is justified. My idea is that a few factors are at work.

Some bad guys are rehearsing the big pump&dump that will take place with the 2x fork.

The miners are rehearsing touch&go. It is mildly profitable at the moment, while BCH price is being kept high.

I think this situation can't go on much longer. BCH doesn't have hodler culture. My guess is most holders of BCH are just people that got a windfall and are either being lazy, prudent, greedy or all of the above. If I could sell my BCH at 0.50 BTC, without the hassle of swiping all my addresses first, with a reliable BCH client happy to do the splitting job for me, my finger would be on the sell trigger.

Putting real fiat or - god forbid! - BTC into BCH? No way. New money's coming into BTC already, more is due soon. I don't think they'll be eager to flood BCH with fresh money.

Wait and see is just the course of least resistance for me.