Ok this is panic selling right now.
Lots of weak hands who thought to be strong are getting triggered!
Whales enjoy this moment pretty much I bet.
~$1760 is the weekly moving average (MA20) I have an eye on for the next coming days.
Intentional dump from big players. All they need is news, and come the news like aug.1. Shaking those who bought at top.
Dumping with intention. It how hard can you watch the show and do nothing. Enjoy!
this is the calm before the storm ... you can't say you haven't been warned.
When the hashpower begins swinging from one chain to another it's going to get very messy and both coins will become unpredictable, unstable and at times very difficult to use. One logical conclusion out of this is when Bcash adopts merged-mining ... or the hashpower wars will drag on until the bitcoin landscape becomes derelict and eventually a failed experiment.
Edit: Bcash adopting merged-mining is probably unlikely given the dominance of Bitmain h/ware on that chain that needs ASICboost to retain profitability and segwit header code conflicts with this type of miner cheating/shortcut.
I don't think miners will swing. When price settles down and exchanges accept deposits, can this coin maintain its current price? I don't think these guys will, maintaining it at this level will dip to their deepest pocket.
I honestly believe nobody wants bcc. These guys want btc and buying bcc is just to add some more btc on stash when sold at profit.