Kind of feels like we’re sitting on a knife edge, price slowly decreasing over the last week. Got a feeling this BCH shit fork is going to make us bomb under $6,000. It shouldn’t be connected at all but I have a bad feeling.
Alternatively maybe I’ve been smoking too much weed & should go back to bed.
Alternatively maybe I’ve been smoking too much weed & should go back to bed.
Hey LFC: I understand that the bcash bullshit causes some uncertainty, including that their bullshit might drag a bit much on bitcoin, but we already know that bcash and other alts have a lot of froth in the crypto space, so we cannot really expect bitcoin to be shooting up when the various cryptos, including bcash continue to have so much froth that needs to be worked out (and likely purged out of their actual market price).
I know that I am a bit like a broken record, but if the bcash folks actually go through with their dumbass fork drama, then that will be a more quick way to purge some of their value. My fear remains that either they are going to get smarter and employ some last minute resolution that postpones their value purge, which would probably be the more bearish scenario for bitcoin in the event that bcash nutjobs either reach a resolution or that they were bluffing the whole time which also leads to a kind of short term resolution of their value purge... which would cause their value bleeding to go more slowly (rather than the more quick preference that many of us BTC hodlers would likely prefer).
Interesting read Jay.
So no fork = potentially bad for us
Fork going ahead = potentially good for us